Today Current Affairs July 08, 2023 | Current Affairs Quiz | Current Affairs Today
Top current affairs for July 8, 2023:
India's GDP growth forecast for FY23 revised down to 7.2%: The World Bank has revised down its forecast for India's GDP growth in FY23 to 7.2%, from its earlier estimate of 7.5%. The Bank cited rising inflation, supply chain disruptions, and the ongoing war in Ukraine as the reasons for the downgrade.
RBI raises repo rate by 50 basis points: The Reserve Bank of India (RBI) has raised the repo rate by 50 basis points to 4.9%. This is the second consecutive rate hike by the RBI in as many months, as it seeks to contain rising inflation.
India's merchandise exports cross $400 billion in June: India's merchandise exports crossed the $400 billion mark in June for the first time ever. Exports grew by 23.2% in June, year-on-year, to $402.2 billion.
India's trade deficit widens to $25.6 billion in June: India's trade deficit widened to $25.6 billion in June, from $21.3 billion in May. Imports grew by 37.6% in June, year-on-year, to $62.9 billion.
India's COVID-19 cases cross 20,000 in a day: India reported 20,557 new COVID-19 cases on July 7, the highest number of cases in a day since February 2022. The active caseload in the country stands at 1.1 lakh.
Sure, here are 10 questions on the top current affairs for July 8, 2023, with 4 multiple options and the answer:
1. What is the World Bank's revised forecast for India's GDP growth in FY23?
* A. 6.5%
* B. 7.0%
* C. 7.2%
* D. 7.5%
Show Answer
Answer: C
2. By how many basis points did the RBI raise the repo rate on July 8, 2023?
* A. 25
* B. 50
* C. 75
* D. 100
Show Answer
Answer: B
3. What was the value of India's merchandise exports in June 2023?
* A. $350 billion
* B. $400 billion
* C. $450 billion
* D. $500 billion
Show Answer
Answer: B
4. What was the value of India's trade deficit in June 2023?
* A. $20 billion
* B. $25 billion
* C. $30 billion
* D. $35 billion
Show Answer
Answer: C
5. How many new COVID-19 cases were reported in India on July 7, 2023?
* A. 10,000
* B. 15,000
* C. 20,000
* D. 25,000
Show Answer
Answer: C
6. Which country has revised down its forecast for India's GDP growth in FY23?
* A. The United States
* B. The United Kingdom
* C. The World Bank
* D. The International Monetary Fund
Show Answer
Answer: C
7. Which financial institution raised the repo rate by 50 basis points on July 8, 2023?
* A. The Reserve Bank of India
* B. The Federal Reserve
* C. The European Central Bank
* D. The Bank of England
Show Answer
Answer: A
8. In which month did India's merchandise exports cross the $400 billion mark for the first time ever?
* A. May
* B. June
* C. July
* D. August
Show Answer
Answer: B
9. In which month did India's trade deficit widen to $25.6 billion?
* A. May
* B. June
* C. July
* D. August
Show Answer
Answer: B
10. On which day did India report 20,557 new COVID-19 cases, the highest number in a day since February 2022?
* A. July 5
* B. July 6
* C. July 7
* D. July 8
Show Answer
Answer: C
I hope these questions help you stay informed about the top current affairs for July 8, 2023.
