Daily Current Affairs MCQs : 12 July 2023 - CUET Commerce MCQ

Jayshree Ullal secured the 15th position on the Forbes list of America's 100 richest self-made women in 2023. The passage further reveals that she has a net worth of $2.4 billion and has been serving as the president and CEO of Arista Networks since 2008. It also mentions her ownership of approximately 2.4% of Arista's stock. These details highlight Ullal's remarkable success and position in the business world.

India secured an impressive four gold medals at the 34th International Biology Olympiad. It goes on to provide the names of the gold medalists and their respective regions in India. This achievement highlights India's excellence in the field of biology and showcases the outstanding performance of these students on an international stage.

Wanindu Hasaranga received the ICC 'Player of the Month' award for his exceptional achievements during the World Cup qualifier matches held in Zimbabwe. This recognition emphasizes Hasaranga's outstanding performance and contributions to the sport of cricket.

Abhijit Chakravorty has been appointed as the Managing Director and CEO of SBI Cards & Payment Services. It also mentions that Chakravorty is currently a Deputy Managing Director at SBI and will assume his new role on August 12, 2023. These details underscore Chakravorty's professional background and the significance of his appointment to lead SBI Cards & Payment Services.

Sanjiv Puri has been reappointed as the Chairman and Managing Director of ITC Ltd for a period of five years. It further highlights Puri's journey within the organization, from his appointment as the Chief Executive Officer in February 2017 to his re-designation as the Managing Director in May 2018. Puri's extensive experience, strategic vision, and contributions to ITC's growth trajectory make his reappointment significant for the company.

International Malala Day is observed every year on July 12 to celebrate the life and legacy of Pakistani education activist Malala Yousafzai. The passage provides a historical context, stating that the United Nations first celebrated this day on July 12, 2013, a year after Malala was shot by a Taliban gunman for advocating for girls' education. The passage further explains the objective of the day, which is to urge world leaders to ensure free and mandatory education for girls, emphasizing education as a fundamental right for everyone.

World Paper Bag Day aims to promote the significance of utilizing paper bags instead of plastic bags. The primary objective of this observance, as stated in the passage, is to encourage individuals and businesses to adopt more sustainable alternatives. The explanation emphasizes the environmental benefits of paper bags over plastic bags, such as their biodegradability and recyclability.

International Financial Services Centres Authority (IFSCA) signed an MoU with Climate Policy Initiative to enhance mutual assistance and cooperation in mobilizing global sustainable capital flows into India. It emphasizes the importance of sustainable finance and the role of IFSCA in accelerating global sustainable capital flows. The explanation also highlights the expertise and mission of Climate Policy Initiative in promoting sustainable development.

National Bank for Agriculture and Rural Development (NABARD) celebrated its 42nd Foundation Day on July 12, 2023. The passage further highlights the events and activities conducted on this occasion, including a webinar. This explanation emphasizes the significance of NABARD's role in rural development and its contributions to agricultural growth and financial inclusion.

International Financial Services Centres Authority (IFSCA) has been instrumental in accelerating global sustainable capital flows by creating a conducive regulatory environment. It further emphasizes the organization's efforts in aligning with India's G20 Presidency theme and highlights the collaboration with Climate Policy Initiative to mobilize sustainable finance. The explanation showcases IFSCA's crucial role in promoting sustainable financial practices and transitioning to green and resilient economies.