Current Affairs: July 07, 2020
July 7, 2020 May 21, 2021
1. Which international organisation has released the report titled ‘COVID-19 and Tourism’?
[A] UNWTO
[B] UNCTAD
[C] UNIDO
[D] UNFPA
Show Answer
Correct Answer: B [UNCTAD]
Notes:
The United Nation’s trade and development body, UNCTAD (United Nations Conference on Trade and Development) has recently released a report ‘COVID-19 and Tourism’.
As per the report, the world’s tourism sector could lose at least USD 1.2 trillion or 1.5% of the global gross domestic product (GDP). If the break in international tourism lasts for 8 months, the loss could rise to USD 2.2 trillion or 2.8% of the global GDP.
2. A place called Nimu, that was seen in news recently, is located on the banks of which river?
[A] Indus
[B] Suru
[C] Yapola
[D] Hanley
Show Answer
Correct Answer: A [Indus]
Notes:
Nimu is a small village located in the Union Territory of Ladakh. It is surrounded by the Zanskar range and located on the banks of the Indus river.
The place was seen in news recently, as Indian Prime Minister Narendra Modi travelled to Nimu, to interact with Indian troops. Nimu is the reserve brigade headquarter of the Indian Army, situated at 11,000 feet near Kargil. The Border Road Organisation (BRO) is constructing a road from Padum in the Zanskar Valley to Nimu.
3. Which financial institution has recently joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS)?
[A] BRICS Bank
[B] Asian Development Bank
[C] European Central Bank
[D] BRICS Bank
Show Answer
Correct Answer: B [Asian Development Bank]
Notes:
The Asian Development Bank (ADB) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS).
NGFS is a group of central banks and supervisors who will share best practices about climate risk management in financial sector. It was launched at the Paris One Planet Summit in the year 2017. It also mobilises finance for maintaining a sustainable economy.
4. Which Mutual Fund House manages the Bharat Bond Exchange Traded Fund (ETF)?
[A] SBI Mutual Fund
[B] ICICI Prudential Mutual Fund
[C] Edelweiss Mutual Fund
[D] Kotak Mahindra Mutual Fund
Show Answer
Correct Answer: C [Edelweiss Mutual Fund]
Notes:
Edelweiss Asset Management Company manages the Bharat Bond Exchange Traded Fund (ETF). It has formally launched the second series of the ETF.
During December 2019, it had launched the first series. With this tranche, the fund house seeks to raise up to Rs 14,000 crore from retail and institutional investors. Bharat Bond ETFs invest in AAA-rated papers of public sector companies (CPSEs and PSEs).
5. ‘Dharma Chakra Parvattana’ is a famous celebration of which religion?
[A] Jainism
[B] Buddhism
[C] Hinduism
[D] Sikhism
Show Answer
Correct Answer: B [Buddhism]
Notes:
‘Dharma Chakra Parvattana’ is a famous celebration of Buddhism, which commemorates Gautam Buddha’s first discourse to his first five disciples at Sarnath.
The International Buddhist Confederation, under the Ministry of Culture, celebrates Ashadha Poornima as Dharma Chakra Day. The Prime Minister has recently conveyed his greetings on Ashadha Poornima, also known as Guru Purnima.
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