Daily Current Affairs MCQs : 4 July 2023 - Bank Exams MCQ

The purpose of the Maritime Partnership Exercise (MPX) conducted by India and France in the Bay of Bengal was to enhance maritime security cooperation between the two nations. The exercise involved various activities such as tactical maneuvers, replenishment at sea, air defense, and cross-deck helicopter operations, which aimed to strengthen the partnership and interoperability between the Indian and French navies.

The Sai Hira Global Convention Centre was recently inaugurated in Andhra Pradesh. The convention centre is expected to serve as a hub for spiritual conferences and academic programs, attracting experts from around the world. The inauguration was done virtually by Prime Minister Narendra Modi, who highlighted the center's significance in nurturing the youth of the country.

Max Verstappen emerged as the winner of the Austrian Grand Prix 2023 in Formula One. He showcased his dominance by achieving his fifth consecutive win of the season and extending his lead in the championship standings. Verstappen's exceptional performance solidified his pursuit of a third consecutive world title.

Kameshwar Rao Kodavanti has been appointed as the Chief Financial Officer (CFO) of State Bank of India (SBI). With over three decades of experience in various domains, including banking, forex, finance, and accounting, Kodavanti brings valuable insights to his new role. His appointment strengthens SBI's financial expertise.

The theme of the UAE-India Economic Summit held in Abu Dhabi was "Fostering Synergies – Uniting the Falcon and Tiger Economies." The summit aimed to bring together industry leaders from both countries and promote collaboration in various sectors, including startups, sustainability, green energy, and capital markets.

Indian Bank collaborated with the National E-Governance Services Ltd (NESL) for Project WAVE, which aimed tounveil digital services. As part of this collaboration, Indian Bank introduced an electronic bank guarantee (e-BG) service, which simplifies traditional paper-based processes. NESL's involvement in the project helped facilitate the implementation of digital stamping and e-signing, eliminating the need for physical stamp paper and customer signatures.

The Memorandum of Understanding (MoU) signed between the National Anti-Doping Agency, India, and the South Asia Regional Anti-Doping Organization (SARADO) aims to facilitate regional cooperation in anti-doping efforts. SARADO consists of Anti-Doping Organizations from Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka. The MoU reinforces India's commitment to promoting clean sports and contributing to the global anti-doping movement through collaborative initiatives.

Tushar Mehta has been re-appointed as the Solicitor General of India. As a senior counsel, Mehta brings extensive legal expertise to the role. He has been recognized for his contributions to the field of law, holding a law degree from Gujarat University and receiving honorary doctorates from Amity University, Noida, and Karnataka State Law University.

PM Prasad has been appointed as the Chairman and Managing Director (CMD) of Coal India, the state-owned coal mining major. Prasad, who previously led Central Coalfields Ltd, a subsidiary of Coal India, has extensive experience in the coal mining sector. His appointment underscores the company's commitment to ensuring uninterrupted coal supply to the power sector.

The gallery at the National Maritime Heritage Complex (NMHC) in Gujarat will showcase the evolution of the Indian Navy and Indian Coast Guard. The gallery aims to provide visitors with an immersive and educational experience, utilizing the latest technology and adopting an edutainment approach. It will feature a maritime museum, a lighthouse museum, maritime theme parks, and amusement park centers, all centered around the theme of the Indian Navy and Indian Coast Guard's development and contributions.