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Current Affairs 08 July 2023

Daily CA 2023

1Q) An amendment to the New Drugs and Clinical Trial Rules (2023), recently passed by which of the following ministry, aims to replace the use of animals in research, especially in drug testing?


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⇨ An amendment to the New Drugs and Clinical Trial Rules (2023), recently passed by the Ministry for Health and Family Welfare, Government of India, aims to replace the use of animals in research, especially in drug testing.

⇨ The amendment authorizes researchers to instead use non-animal and human-relevant methods, including technologies like 3D organoids, organs-on-chip, and advanced computational methods, to test the safety and efficacy of new drugs.


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The Hindu   Click Here

2Q) Recently, Tushar Mehta was reappointed as Solicitor General of India (SGI). In this context, which of the following statement is correct regarding SGI?

(1) Solicitor General is the second-highest law officer in the country.

(2) A solicitor general is appointed for a period of two years.

(3) The position of Solicitor General for India is guaranteed by Article 76.


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⇨ Solicitor General is the second-highest law officer in the country.

⇨ A solicitor general is appointed for a period of three years.

⇨ Article 76 does not mention the solicitor general or additional solicitor general.

⇨ The Solicitor General and the Additional Solicitors General assist the Attorney General of India in carrying out his official duties.

⇨ The position of Attorney General for India is guaranteed by Article 76 but Solicitor General and Additional Solicitors General are only statutory positions.

⇨ The Appointments Committee of the Cabinet (ACC) formally appoints the Solicitor General.


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The Hindu   Click Here

3Q) Which of the following statements are correct regarding the Karman line?

(1) The Karman line is an established boundary that separates Earth's atmosphere from outer space.

(2) The Karman line is recognized by the FAI (Federation-Aeronautique-Internationale).

(3) Karman Line has an altitude of 100 kilometers above Earth’s mean sea level.


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⇨ The Karman line is an established boundary that separates Earth's atmosphere from outer space.

⇨ The Karman line is recognized by the FAI (Federation-Aeronautique-Internationale).

⇨ Karman Line has an altitude of 100 kilometers above Earth’s mean sea level.


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The Hindu   Click Here

4Q) Recently, Government approves the sale of the 27th tranche of electoral bonds. In this context which of the following statement is correct regarding electoral bonds?

(1) State Bank of India is authorized to issue and encash electoral bonds.

(2) Generally, Electoral bonds are valid for 15 days from the date of issue.

(3) These bonds are issued by SBI in denominations of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore.

(4) The bonds are available for purchase by any citizen of India during the months of January, April, July, and October.


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⇨ Important points about electoral bonds:

⇨ State Bank of India is authorized to issue and encash electoral bonds.

⇨ Generally, Electoral bonds are valid for 15 days from the date of issue.

⇨ These bonds are issued by SBI in denominations of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore.

⇨ The bonds are available for purchase by any citizen of India during the months of January, April, July, and October.


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The Hindu   Click Here

5Q) Which of the following statements are correct regarding the "Mahila Samman Saving Certificate (MSSC)"?

(1) This scheme is announced in the budget Budget session 2023-24.

(2) This scheme is offered by the Indian Post Office.

(3) The maturity period of this scheme is two years.

(4) This scheme Permits 50% withdrawal after one year.


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⇨ This scheme is announced in the budget Budget session 2023-24.

⇨ It is a savings scheme for women and girls.

⇨ This scheme is offered by the Indian Post Office.

⇨ This is a one-time scheme available for two years, from April 2023-March 2025.

⇨ The minimum deposit amount under the scheme is 1,000 and the maximum deposit amount is 2 lakh.

⇨ The maturity period of this scheme is two years.

⇨ This scheme has a fixed interest rate of 7.5% p.a.

⇨ This scheme Permits 40% withdrawal after one year.

⇨ The other important savings schemes launched by the government schemes:

⇨ (1) Public Provident Fund(PPF) - It was introduced by the National Savings Institute of the Ministry of Finance in 1968.

⇨ (2) National Savings Certificate (NSC) - It is a government-backed investment scheme launched on 8th May 1989.

⇨ (3) Senior Citizens Small Savings Scheme (SCSS) - The Government of India introduced this scheme in 2004 with the objective of providing a stable and secure source of income to senior citizens for their post-retirement phase.

⇨ (4) Sukanya Samriddhi Yojana (SSY) - It is a small deposit scheme by the Ministry of Finance exclusively for a girl child. it was launched by the Hon'ble Prime Minister on 22nd January 2015 as a part of the Beti Bachao Beti Padhao campaign.


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The Hindu   Click Here

Economic Times   Click Here

6Q) On the occasion of International Day of Cooperatives, The 17th Indian Cooperative Congress is held in which of the following city?


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⇨ The 17th Indian Cooperative Congress is being organized on 1-2 July 2023 in New Delhi.

⇨ Theme - "Amrit Kaal: Prosperity through Cooperation for a Vibrant India"

⇨ International Day of Cooperatives is celebrated on the first Saturday of July every year.

⇨ It was first celebrated under the auspices of the United Nations in 2005, though its history as a day celebrated by the international cooperative movement and the International Co-operative Alliance goes back to 1923.

⇨ The theme for the 2023 International Day of Cooperatives is “Cooperatives: partners for accelerated sustainable development”.


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PIB   Click Here

ILO   Click Here

7Q) Recently, Anamalai Tiger Reserve Official lauds ICAR-Sugarcane Breeding Institute for its tribal - empowerment interventions. In this context, Which of the following are indigenous tribal communities at Anamalai Tiger Reserve?

(1) Kadar

(2) Muthuvar

(3) Malai Malasars

(4) Pulaiyars


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⇨ Anamalai Tiger Reserve is carved out of the Tamil Nadu portion of the Anamalais.

⇨ It lies South of the Palakkad gap in the Southern Western Ghats.

⇨ The Anamalai Tiger Reserve falls within the Western Ghats mountain chain of South West India, a region designated as one of 25 Global Biodiversity Hotspots.

⇨ The biogeographical classification of the country includes Western Ghats which are considered as one of eight “hottest hot spots”.

⇨ The official headquarters of Anamalai Tiger Reserve is at Pollachi.

⇨ Anamalai hill ranges have been home to indigenous communities of different ethnic origins such as the Kadar, Muthuvar, and Malai Malasars.

⇨ Other tribal communities also live in the vicinity of the Anamalai hills, chiefly the Pulaiyars, Malasars, and Eravalars along the lower elevations.

⇨ Though most of these communities were hunter-gatherers in the past they now live in sedentary units within the sanctuary largely along its fringes.


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PIB   Click Here

India Environment Portal   Click Here

8Q) The Prime Minister, Shri Narendra Modi has lauded the contributions of Chartered Accountants on the occasion of Chartered Accountants’ Day. In this context, the Institute of Chartered Accountants of India (ICAI) functions under the administrative control of which of the following ministry?


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⇨ Chartered Accountants Day is observed each year on July 1 to mark the formation of the Institute of Chartered Accountants of India (ICAI).

⇨ Recently, The President of India, Smt Droupadi Murmu graced the 75th Foundation Day celebrations of the Institute of Chartered Accountants of India (ICAI) in New Delhi on July 1, 2023.

⇨ The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949.

⇨ The Institute functions under the administrative control of the Ministry of Corporate Affairs, Government of India.

⇨ The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in the public interest.

⇨ The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949, and the Chartered Accountants Regulations, 1988.

⇨ The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and the remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.


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Hindustan Times   Click Here

PIB   Click Here

PIB   Click Here

9Q) Lausanne Diamond League is associated with which of the following sports?


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⇨ The sixth Diamond League event of 2023, is the Athletics meeting in Lausanne.

⇨ The Prime Minister, Shri Narendra Modi has congratulated Neeraj Chopra on winning the Lausanne Diamond League 2023.


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The Hindu   Click Here

PIB   Click Here

10Q) The ozone layer is slowly recovering and the recovery will be complete in most parts of the atmosphere in the coming decades, according to the latest bulletin by the World Meteorological Organization (WMO). In this context, the Bad ozone layer is located in which of the following atmospheric layers?


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⇨ Ozone is composed of three atoms of oxygen that occur both in the Earth's upper atmosphere (stratosphere) and at ground level (troposphere).

⇨ Good Ozone occurs naturally in the Earth's upper atmosphere (Stratosphere).

⇨ Bad Ozone in the Earth's lower atmosphere (Troposphere), is formed when pollutants.

⇨ The Ozone Layer was discovered by the French physicists Charles Fabry and Henri Buisson in 1913.

⇨ Substances that cause Ozone-depletion:

⇨ (1) Chlorofluorocarbons (CFCs)

⇨ (2) Hydrochlorofluorocarbons (HCFCs)

⇨ (3) Hydrobromoflurocarbons (HBFCs)

⇨ (4) Methyl bromide

⇨ (5) Methyl chloroform

⇨ (6) Freons

⇨ (7) Carbon tetrachloride

⇨ (8) Halons


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Down to Earth   Click Here

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