Daily Top-10 Current Affairs MCQs/News (July 22 2023) for CSS

Table of Contents

6. CM inaugurates Phase I of Rashakai economic zone

• Khyber Pakhtunkhwa Chief Minister Mohammad Azam Khan on July 21, 2023 inaugurated Phase I of the Rashakai Special Economic Zone marking a significant milestone in the development of the China-Pakistan Economic Corridor.
• The ceremony was attended by the secretary of the Federal Board of Investment, provincial chief secretary, CRBC general manager, CEO of the KPEZDMC and other dignitaries.
• The zone strategically located at the nexus of economic growth stands as a testament to the strong partnership between Pakistan and China, according to officials

July 22, 2023: International Current Affairs MCQs News

7. India reserves top $600bn

• India`s foreign exchange reserves rose for a third straight week to total $609.02 billion as of July 14, the highest in nearly 15 months, data from the central bank showed on July 21, 2023.
• They rose by $12.74bn from the week earlier the biggest gain in four months having risen by a total of $3.08bn in the prior two weeks. `A major portion of the week-on-week jump in forex reserves is driven by revaluation gains due to dollar weakness and reduction in US Treasury yields,` said Gaura Sen Gupta, India economist at IDFC FIRST Bank

8. India and Sri Lanka plan land link

• India and Sri Lanka agreed on July 21, 2023 to consider building a land link between them, they said during President Ranil Wickremesinghe`s first visit to the regional powerhouse, as Chinese influence grows on his island.
• Establishing `land connectivity` across the Palk Strait, which in places is only around 25 kilometres wide, would give India access to the key ports of Trincomalee and Colombo and strengthen a `millennia-old relationship`, the neighbours said in a strategic document.
• Feasibility studies on a land bridge and a petroleum pipeline will be carried out, Indian Prime Minister Narendra Modi said after their talks

9. Biden picks Franchetti as first woman to lead Navy

• President Joe Biden nominated Admiral Lisa Franchetti on July 21, 2023 to lead the US Navy, a historic step that would break a gender barrier in the military by making her the first woman to command the service and to become a member of the Joint Chiefs of Staff.
• The decision by Biden is a surprise. Pentagon officials had widely expected the nomination to go to Admiral Samuel Paparo, who leads the navy in the Pacific and who has experience grappling with the growing challenge from China

10. Russia to `deliver` grain to countries in need

• Russia said July 21, 2023 that it understood the concerns African nations may have after Moscow left the Ukrainian grain deal, promising to ensure deliveries to countries in need.
• Those countries in need would receive the necessary assurances at a summit later this month, Russian deputy foreign minister Sergey Vershinin told journalists.
• `We understand the concerns our African friends may have,` said Vershinin