Daily Current Affairs Quiz – 07th June 2022

By Ameena Ameena - Jun 14 2022

This post is also available in: हिन्दी (Hindi)

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2022 of 07th June 2022. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2022 & other competitive exams can make use of these Current Affairs Quiz.

 

Start Quiz

 

1) Consider the following statement regarding norms for standard assets for large NBFCs.

  1. The provisioning norms for NBFC-Upper Layer (NBFC-UL) will be effective from October 1, 2022.
  2. For individual housing loans and loans to Small and Micro Enterprises (SMEs), NBFC-UL is required to hold provisions in respect of standard assets at the rate of 0.25%.

Which of the following statement is correct?

A) Only 1

B) Only 2

C) Both 1 & 2

D) None of the above


2) Recently in June __________ has been appointed MD of SBI  as he replaced Ashwani Bhatia with effect from June 7, 2022.

A) Alok Kumar Choudhary

B) Swaminathan Janakiraman

C) CS Setty

D) Ashwini Kumar Tewari


3) Consider the following statement regarding the Recent Monetary Policy report and identify which of the following statement is incorrect.

A) Key lending rate (repo) raised by 50 basis points to 4.9%; 2nd increase in 5 weeks

B) Inflation projection for the current fiscal raised to 6.7% from 5.7%

C) GDP growth forecast retained at 7.2% for the current financial year

D) Credit cards to be linked with UPI; Visa credit cards to be linked first


4) What is the name of the credit line card launched by neo banking platform Stashfin, especially for women?

A) Boundless Life

B) Boundless Women

C) Women Live

D) Live Boundless


5) Recently BIMSTEC celebrated its 25th foundation day on _____________ in Dhaka.

A) 6th June

B) 7th June

C) 8th June

D) 9th June


6) Recently in june Bajram Begaj has been elected as the new President of __________.

A) Albania

B) Belarus

C) Tanzania

D) Turkey


7) Consider the following statement regarding   Biotech Startup Expo-2022

1.It is being organized by the Department of Biotechnology and Biotechnology Industry Research Assistance Council (BIRAC).

2.‘Biotech Startup Innovations: Towards AatmaNirbhar Bharat’ is the theme of the Biotech Startup Expo.

Which of the following statement is correct?

A) Only 1

B) Only 2

C) Both 1 & 2

D) None of the above


8) Recently in June  World Bank reduced its forecast for india economic growth in 2022 at __________  while global economy is expected to grow by ____________ percent this year.

A) 6.3 % , 4.3 %

B) 4.5 % , 5.7 %

C) 7.5 & , 2.9 %

D) 7.1 % , 3.3 %


9) Recently in June ____________ state government has declared the Blue Duke as its official state butterfly.

A) Tripura

B) Assam

C) Sikkim

D) Mizoram


10) Every year on ___________  World Oceans Day is celebrated to highlight the role of the oceans in sustaining life on Earth and to inspire action to preserve it.

A) 6th June

B) 7th June

C) 8th June

D) 9th June


11) Consider the following statement regarding amended the rules of the Army, the Navy, and the Air Force for the appointment of the next CDS

  1. Three-star officers can be appointed CDS if considered necessary in the public interest.
  2. The officers should not have attained the age of 62 years.

Which of the following statement is correct?

A) Only 1

B) Only 2

C) Both 1 & 2

D) None of the above


12) Recently in June Sital Sasthi is being celebrated in which of the following state?

A) Odisha

B) Tamil Nadu

C) Telangana

D) Andhra Pradesh


13) World Food Safety Day is observed every year on __________ to promote awareness about the health hazards associated with unsafe food.

A) 5th June

B) 6th June

C) 7th June

D) 8th June


14) Consider the following statement regarding Environmental Performance Index prepared by US researchers.

  1. India ranked 180th on the Environmental Performance Index due to its poor policies and its implementation.
  2. Denmark is on the top of the Index and emerging as the most sustainable country.

Which of the following statement is correct?

A) Only 1

B) Only 2

C) Both 1 & 2

D) None of the above


15) Which of the following country is the host of the BALTOPS 2022’ naval exercise?

A) Finland

B) Sweden

C) Ukraine

D) Norway


16) Recently In June A multinational joint exercise   “Ex Khaan Quest 2022” featuring participation from ilitary contigents from ___________ countries including india commenced in _______________.

A) 15, Bangladesh

B) 16, Mongolia

C) 17, Sweden

D) 18, Finland


17) Consider the following statement regarding the Single Nodal Agency Dashboard.

  1. Finance Minister Nirmala Sitharaman launched the Single Nodal Agency (SNA) Dashboard.
  2. The SNA Dashboard is part of a major public financial management reform that was launched in 2021 about the way funds are released, distributed, and monitored for Centrally Sponsored Schemes (CSS).

Which of the following statement is correct?

A) Only 1

B) Only 2

C) Both 1 & 2

D) None of the above


18) Consider the following statement regarding the ‘Leaders in Climate Change Management’ Program.

  1. The National Institute of Urban Affairs (NIUA) and World Resources Institute (WRI) India jointly launched the ‘Leaders in Climate Change Management (LCCM)’ program.
  2. The LCCM program has been designed and implemented in partnership with the United Nation Environment Programme (UNEP) and the Indian School of Business (ISB).

Which of the following statement is correct?

A) Only 1

B) Only 2

C) Both 1 & 2

D) None of the above


19) Consider the following statement regarding the Agni-IV ballistic missile.

  1. India conducted a test of the nuclear-capable Agni-IV ballistic missile, which has a strike range of 4,000 km.
  2. The two-stage Agni-IV surface-to-surface missile was flight-tested for its “entire range” from the Dr. APJ Abdul Kalam Island, earlier known as Wheeler Island.

Which of the following statement is correct?

A) Only 1

B) Only 2

Both 1 & 2

None of the above


20) Recently Government launched  Jan Samarth Portal which is a unique digital portal linking ____________  credit-linked government schemes on a single platform.

A) 15

B) 17

C) 13

D) 20


21) Consider the following statement regarding National Air Sport Policy 2022.

  1. NASP 2022 lays out the vision of making India one of the top sports nations by 2030, by providing a safe, and sustainable air sports ecosystem in India.
  2. Air Sports Federation of India (ASFI) as the apex governing body

Which of the following statement is correct?

A) Only 1

B) Only 2

C) Both 1 & 2

D) None of the above


22) UN Russian Language Day is observed annually on __________ to promote equal use of all six of the UN’s official working languages throughout the organization.

A) 5th June

B) 6th June

C) 7th June

D) 8th June


23) Recently According to the new Organization for Economic Co-operation and Development (OECD), global plastic waste production is projected to nearly triple by  ____________.

A) 2050

B) 2030

C) 2060

D) 2070


Answers :

1) Answer: C

  • RBI has issued provisioning norms for standard assets for large NBFCs.
  • The provisioning norms for NBFC-Upper Layer (NBFC-UL) will be effective from October 1, 2022.
  • For individual housing loans and loans to Small and Micro Enterprises (SMEs), NBFC-UL is required to hold provisions in respect of standard assets at the rate of 0.25%.
  • In the case of housing loans extended at teaser rates, the rate of provisioning will be 2%.
  • As per RBI, the provisioning will be 0.75% and 1% for Commercial Real Estate – Residential Housing (CRE – RH) and Commercial Real Estate (CRE) Sector (other than CRE-RH) sectors, respectively.
  • In October 2021, RBI issued a framework for scale-based regulation for NBFCs.
  • RBI has now specified rates of provision for outstanding loans extended by ‘NBFC-Upper Layer’.


2) Answer: A

  • Alok Kumar Choudhary has been appointed MD of SBI with effect from June 7, 2022. Alok Kumar Choudhary replaced Ashwani Bhatia as MD of SBI.
  • Ashwani Bhatia recently assumed charge as a whole-time member of SEBI.
  • The State Bank of India (SBI) now has four MDs. The other three MDs are CS Setty, Swaminathan Janakiraman, and Ashwini Kumar Tewari.
  • State Bank of India (SBI): It is a nationalized public sector bank. Dinesh Kumar Khara is its chairperson.
  • Its headquarters is in Mumbai, Maharashtra. Its tagline is The Banker to Every Indian.


3) Answer: D

  • RBI has increased the repo rate by 50 basis points from 4.4% to 4.9%.
  • Retail inflation projection has increased from 5.7% to 6.7%.
  • The rate on the standing deposit facility and the marginal standing facility is now 4.65% (from 4.15% earlier) and 5.15% (4.65% earlier), respectively.
  • Other highlights of RBI’s third monetary policy review of the current financial year announced by Governor Shaktikanta Das are given below.
  • e-mandates on cards for recurring payments enhanced to ₹15,000 from ₹5,000.
  • Urban Co-op banks have been allowed to offer door-step banking.
  • Rural co-op banks have been permitted to lend to the Commercial Real Estate – Residential Housing (CRE-RH) sector.
  • Lending limits for housing loans by co-op banks have been doubled.
  • Credit cards will be linked with UPI. RuPay credit cards will be linked first.
  • RBI has projected growth in the first quarter of the current fiscal at 16.2%. It will decline to 4% by the fourth quarter.
  • In April, RBI cut the GDP growth projection for 2022-23 from 7.8% to 7.2%.
  • On 7 June 2022, World Bank lowered India’s economic growth forecast for the current fiscal to 7.5%.
  • World Bank has for the second time revised its GDP growth forecast for India in the current fiscal 2022-23. In April, World Bank cut the forecast from 8.7% to 8%.


4) Answer: D

  • Stashfin launched LiveBoundless. LiveBoundless is a credit line card, especially for women.
  • It offers cashback rewards, welcome credits, and free ATM withdrawals.
  • Stashfin is a neo banking platform. Neo Banks are 100% digital (fully digital). They do not have any physical branches.


5) Answer: A

  • The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) acts as a bridge of friendship between South and South-East Asian countries.
  • The 25th Founding Day of BIMSTEC was celebrated in Dhaka on 6 June.
  • The establishment of the BIMSTEC Secretariat in Dhaka and the adoption of the BIMSTEC charter at the 5th summit are the major achievements of the BIMSTEC.
  • BIMSTEC: It is an international organization of South Asia and Southeast Asian countries.
  • Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand are members of BIMSTEC.
  • It was formed on 6 June 1997 and its headquarters is located in Dhaka, Bangladesh.


6) Answer: A

  • Bajram Begaj has been elected as the new President of Albania. Bajram Begaj has held the post of Chief of General Staff of the Albanian Armed Forces (AAF).
  • Ilir Meta is the name of the outgoing president of Albania. Ilir Meta will be in office until July 22, 2022.
  • Its capital and largest city are Tirana. Edi Rama is its Prime Minister.


7) Answer: C

  • Biotech Startup Expo – 2022 will be organized on 9-10 June at Pragati Maidan in New Delhi.
  • It is being organized by the Department of Biotechnology and Biotechnology Industry Research Assistance Council (BIRAC).
  • ‘Biotech Startup Innovations: Towards AatmaNirbhar Bharat’ is the theme of the Biotech Startup Expo.
  • It will bring entrepreneurs, investors, industry leaders, scientists, researchers, bio-incubators, etc. to one platform.
  • Around 300 stalls will be set up at this expo to showcase the applications of biotechnology in various fields.
  • Biotech Startup Expo 2022 will also mark the 10th anniversary
  • Biotechnology Industry Research Assistance Council (BIRAC):  It is a public sector enterprise under the Department of Biotechnology (DBT). It has set a target to support more than 10,000 biotechnology start-ups by 2024.


8) Answer: C

  • The World Bank cut its 2022-23 (FY23) real gross domestic product (GDP) growth forecast for India to 7.5 percent, from 8 percent, on the back of inflationary pressures, supply-chain pressures, and geopolitical tensions due to Russia’s invasion of Ukraine.
  • According to the World Bank’s Global Economic Prospects report, the global economy undergoes its sharpest deceleration in more than 80 years after the initial recovery from the global recession.
  • The global economy is expected to grow by 2.9 percent this year, according to forecasts.
  • It will be lower than last year’s global growth of 5.7 percent and the 4.1 percent it predicted for this year in January.
  • The global growth rate is being hammered by the war in Ukraine, Chinese lockdowns, supply-chain disruptions, and the threat of stagflation.


9) Answer: C

  • On the occasion of World Environment Day on 5 June, Sikkim Chief Minister Prem Singh Tamang declared Blue Duke the state butterfly.
  • In a recent online poll conducted by the Forest Department, the Blue Duke, one of the 720 species of butterflies found in Sikkim, has been chosen as the state butterfly with 57% of the vote.
  • The Blue Duke, scientifically known as Bassarona Durga, is only found in Sikkim and the eastern Himalayas. It was discovered in 1858 in the state.
  • The Blue Duke is a protected species in the Himalayas, listed in Schedule 2 of the Wildlife Protection Act of 1972.
  • In the online polls, Krishna Peacock (Papilio Krishna) received 43% of the votes and secured the second position.
  • The Chief Minister also awarded Sonam Wangchuk Lepcha for discovering a new butterfly species in 2021.
  • The new butterfly species is called Zographetus dzonguensis and is also known as the chocolate-border flutter.


10) Answer: C

  • Every year on June 8, World Oceans Day is celebrated. The day is celebrated to highlight the role of the oceans in sustaining life on Earth and to inspire action to preserve it.
  • The theme of World Oceans Day 2022 is ‘Revitalisation: Collective Action for the Ocean’.
  • The United Nations (UN) declared 8th June as World Oceans Day in 2008.
  • The idea of celebrating World Oceans Day was first proposed in 1992 at the United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro, Brazil.


11) Answer: C

  • The government has amended the rules of the Army, the Navy, and the Air Force for the appointment of the next CDS. Ministry of Defence has issued three separate notifications amending the rules.
  • Serving three-star officers Lieutenant General in Army, Air Marshal in Air Force, and Vice-Admiral in Navy, or retired Service Chiefs or three-star officers can be appointed CDS if considered necessary in the public interest.
  • The officers should not have attained the age of 62 years.
  • The service of CDS may be extended by the government for such period as it may deem necessary subject to a maximum age of 65 years.
  • The post of Chief of Defence Staff (CDS) has been lying vacant since the passing away of General Bipin Rawat.
  • General Bipin Rawat lost his life in a chopper crash in Tamil Nadu on 8th December 2021.

 

12) Answer: A

  • ‘Sital Sasthi’ is a Hindu festival in Odisha. It is observed to celebrate the marriage of Lord Shiva and Goddess Parvati.
  • It is observed on the sixth day of the Jyestha month during the Shukla Paksha.
  • The most famous Sheetla Shashthi Yatra is taken out in Sambalpur in western Odisha.
  • ‘Sital Sasthi’ is celebrated every year in a form of a grand carnival. More than 6,000 artists from across Odisha as well as other states participated in the celebration.


13) Answer: C

  • World Food Safety Day is observed every year on 7 June to promote awareness about the health hazards associated with unsafe food.
  • United Nations declared this day in 2018 to draw global attention to the health consequences of contaminated food and water.
  • The theme of 2022 World Food Safety Day is ‘Safer Food, Better Health’.
  • According to a 2019 report by WHO, more than 600 million cases of foodborne diseases come annually.
  • On the occasion of World Food Safety Day, Union Health Minister Mansukh Mandaviya launches a logo for ‘Ayurveda Aahar’.
  • He also released FSSAI 4th State Food Safety Index (SFSI) to measure the performance of states across five parameters of food safety.


14) Answer: C

  • India ranked 180th on the Environmental Performance Index due to its poor policies and its implementation.
  • Denmark is at the top of the Index and emerging as the most sustainable country.
  • The United States is in 43rd place in the index.
  • The Index predicted that the United States will be among the four largest greenhouse gas emitters in 2050. China, India, and Russia will be the other three countries.
  • The United Kingdom and Denmark are on the track to achieving their net-zero emissions target by 2050.
  • The Environmental Performance Index prepared by Yale and Columbia University researchers gives a ranking to 180 countries on 40 indicators.


15) Answer: B

  • ‘BALTOPS 2022’ naval exercise kicked off in the Baltic Sea.
  • NATO members along with Finland & Sweden are taking part in this multilateral exercise.
  • Sweden is the host of the BALTOPS 22 exercise. More than 7,000 sailors, airmen, and marines from 16 countries are taking part in this naval exercise.
  • BALTOPS naval exercise was started in 1972. This year, 45 vessels and 75 aircraft will participate in this Naval Exercise.
  • Finland and Sweden are participating in this exercise since the mid-1990s.
  • This exercise is scheduled to conclude at the German port of Kiel on June 17.


16) Answer: B

  • Indian Army Contingent took part in “Ex Khaan Quest 2022”. It is a multinational joint exercise hosted by Mongolia. It is also a multinational peacekeeping exercise.
  • It started in Mongolia on 06 June 2022. Military contingents from 16 countries are taking part in this exercise.
  • Ukhnaagiin Khurelsukh, the Hon’ble President of Mongolia, inaugurated the Exercise.
  • The 14-day exercise is aimed at enhancing interoperability and sharing of best practices between the Armed Forces of participating nations.
  • A contingent from the LADAKH SCOUTS is representing the Indian Army.
  • LADAKH SCOUTS is an infantry regiment of the Indian Army. It is nicknamed the “Snow Warriors” or “Snow Leopards”.


17) Answer: C

  • During the Azadi Ka Amrit Mahotsav of the Ministry of Finance’s Iconic Week Celebrations in New Delhi, Finance Minister Nirmala Sitharaman launched the Single Nodal Agency (SNA) Dashboard.
  • The SNA Dashboard is part of a major public financial management reform that was launched in 2021 about the way funds are released, distributed, and monitored for Centrally Sponsored Schemes (CSS).
  • This revised procedure, now known as the SNA model, requires each state to identify and designate a Single Nodal Agency for each scheme.
  • All funding for that State in a specific scheme will be credited to this account, and all expenses will be paid from this account by all other Implementing Agencies involved.
  • The SNA model ensures that money for centrally sponsored schemes is allocated to states promptly and after meeting various stipulations.
  • The Union Finance Minister has also unveiled the Department of Expenditure’s Training Modules.


18) Answer: C

  • Union Minister Hardeep Singh Puri launched the ‘Leaders in Climate Change Management’ Program.
  • The National Institute of Urban Affairs (NIUA) and World Resources Institute (WRI) India jointly launched the ‘Leaders in Climate Change Management (LCCM)’ program.
  • Its main objective is building capacity among urban professionals to lead climate action initiatives.
  • The Administrative Training Institute (ATI), Mysuru, signed a tripartite Memorandum of Understanding (MoU) with NIUA and WRI India for this face-to-face learning program.
  • The LCCM program has been designed and implemented in partnership with the United Nation Environment Programme (UNEP) and the Indian School of Business (ISB).
  • The online learning will be hosted on the National Urban Learning Platform (NULP). The LCCM program has four phases.


19) Answer: C

  • India conducted a test of the nuclear-capable Agni-IV ballistic missile, which has a strike range of 4,000 km, as part of a “night user trial in operational configuration” by the Strategic Forces Command (SFC).
  • The two-stage Agni-IV surface-to-surface missile was flight-tested for its “entire range” from the Dr. APJ Abdul Kalam Island, earlier known as Wheeler Island, off the Odisha coast, at about 7.30 pm.
  • The tri-Service SFC already has the Prithvi-II (350-km), Agni-I (700-km), Agni-II (2,000-km), Agni-III (3,000-km), and Agni-IV missile units, while the induction of the country’s first intercontinental ballistic missile Agni-V (over 5,000-km) is currently in an advanced stage.
  • The road-mobile Agni-IV and Agni-V are primarily meant for deterrence against China, which can target any Indian city with its formidable inventory of long-range missiles.
  • The Agni-V brings the northernmost part of China within its strike envelope. The shorter range Agni missiles, in turn, are designed for Pakistan.


20) Answer: C

  • Prime Minister Narendra Modi urged bank chiefs to make it easier for people to get loans through the new Jan Samarth portal, a repository of a dozen credit-linked government schemes.
  • Jan Samarth Portal, an initiative by the Government of India, is a unique digital portal linking thirteen credit-linked government schemes on a single platform.
  • It is intended to provide ease of access to all the beneficiaries and related stakeholders.
  • Objective: To promote inclusive growth and development of various sectors by guiding and providing beneficiaries with the right type of Government benefits through simple and easy digital processes.
  • The portal ensures end-to-end coverage of all the processes and activities of all the linked schemes.
  • Beneficiaries can digitally check eligibility in a few simple steps, apply online under the eligible scheme, and receive digital approval.


21) Answer: C

  • The Minister of Civil Aviation launched National Air Sport Policy 2022 (NASP 2022). NASP 2022 lays out the vision of making India one of the top sports nations by 2030, by providing a safe, affordable, accessible, enjoyable, and sustainable air sports ecosystem in India.
  • Under the new policy, there will be a four-tier governance structure for air sports in India namely
  • Air Sports Federation of India (ASFI) is the apex governing body
  • National associations for individual air sports or a set of air sports, as appropriate
  • Regional (e.g. West/ South/ North East etc.) or State and Union Territory level units of the national air sports associations, as appropriate; and
  • District-level air sports associations, as appropriate.


22) Answer: B

  • UN Russian Language Day is observed annually on June 6.
  • The event was established by the United Nations Educational, Scientific, and Cultural Organization (UNESCO) in 2010.
  • UN Russian Language Day coincides with the birthday of Alexander Pushkin, a Russian poet who is considered the father of the modern Russian language.
  • The initiative of the UN Language Days was launched in February 2010 to celebrate multilingualism and cultural diversity and to promote equal use of all six of the UN’s official working languages throughout the organization


23) Answer: C

  • According to the new Organization for Economic Co-operation and Development (OECD), global plastic waste production is projected to nearly triple by 2060.
  • The report further elaborates that the increase will be primarily driven by economic and population growth, with significant increases expected from the developing nations of the sub-African and Asian regions.
  • The report observes that even with radical action to curb demand and improve efficiencies, plastic production would nearly double in the next 40 years or less.
  • The report (available as a preliminary version ahead of its full publication later this year) projects global plastics consumption rising from 460 million tonnes (Mt) in 2019 to 1,231 Mt in 2060 in the absence of bold new policies, a faster rise than most raw materials. Growth will be fastest in developing and emerging countries in Africa and Asia, although OECD countries will still produce much more plastic waste per person (238 kg per year on average) in 2060 than non-OECD countries (77 kg).
  • UN member states have pledged to negotiate a legally binding international agreement by 2024 to end plastic pollution.

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