1. What is the current repo rate in the second bi-monthly monetary policy review of RBI for FY20?
Correct Answer: C [5.75%]
Notes:
On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from 6.0% with immediate effect in its 2nd bi-monthly monetary policy statement for 2019-20. Repo rate is the interest rate at which the central bank provides liquidity to banks to overcome short-term liquidity mismatches. A repo rate cut allows banks to reduce interest rates for consumers on loans, and lowers equal monthly installments on home loans, car loans and personal loans. Consequently, the reverse repo rate stands adjusted to 5.50%, and the Marginal Standing Facility (MSF) rate and the Bank Rate to 6.0%. Beside this, RBI has also unanimously decided to change the stance of monetary policy from neutral to accommodative. The next meeting of the MPC is scheduled during August 5 to 7.
On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from 6.0% with immediate effect in its 2nd bi-monthly monetary policy statement for 2019-20. Repo rate is the interest rate at which the central bank provides liquidity to banks to overcome short-term liquidity mismatches. A repo rate cut allows banks to reduce interest rates for consumers on loans, and lowers equal monthly installments on home loans, car loans and personal loans. Consequently, the reverse repo rate stands adjusted to 5.50%, and the Marginal Standing Facility (MSF) rate and the Bank Rate to 6.0%. Beside this, RBI has also unanimously decided to change the stance of monetary policy from neutral to accommodative. The next meeting of the MPC is scheduled during August 5 to 7.
2. Which country has recently launched Arctic train service?
Correct Answer: A [Russia]
Notes:
In Russia, the first tourist train service traveling through Russia’s Arctic region and on to Norway set off from St. Petersburg station with 91 passengers aboard for the inaugural trial journey on June 5. The tourists came from 7 countries including the US, Germany, Norway and Russia. The train, named Zarengold (“The Tsar’s gold” in German), complete with two restaurant cars will travel from Saint Petersburg through Petrozavodsk, the historic town of Kem and Murmansk. At Murmansk, by far the largest city north of the Arctic Circle, the tourists will get off the train and continue by bus to Kirkenes in Norway before ending their journey with a boat trip to Oslo or by air to the island of Spitsbergen. According to the organisers, the whole trip will take 11 days and allow passengers to discover areas difficult to access by other means.
In Russia, the first tourist train service traveling through Russia’s Arctic region and on to Norway set off from St. Petersburg station with 91 passengers aboard for the inaugural trial journey on June 5. The tourists came from 7 countries including the US, Germany, Norway and Russia. The train, named Zarengold (“The Tsar’s gold” in German), complete with two restaurant cars will travel from Saint Petersburg through Petrozavodsk, the historic town of Kem and Murmansk. At Murmansk, by far the largest city north of the Arctic Circle, the tourists will get off the train and continue by bus to Kirkenes in Norway before ending their journey with a boat trip to Oslo or by air to the island of Spitsbergen. According to the organisers, the whole trip will take 11 days and allow passengers to discover areas difficult to access by other means.
3. Dzukou Valley, which is in news recently, is located in which of the following North-East states of India?
Correct Answer: C [Nagaland]
Notes:
In Nagaland, the scenic Dzukou Valley has been officially declared Plastic Free Zone on the occasion of 2019 World Environment Day (WED). The declaration was made officially by Advisor of Youth Resources and Sports, Zale Neikha. The much-appreciated initiative on declaring this scenic valley as a ‘plastic-free zone’ was taken by Southern Angami Youth Organisation (SAYO) in accordance with its pledge to conserve and protect the environment. The Dzukou valley is situated at an altitude of 2452 m above sea level. It is famous for its wide range of flower in every season. The rare Dzükou Lily is found only in this valley.
In Nagaland, the scenic Dzukou Valley has been officially declared Plastic Free Zone on the occasion of 2019 World Environment Day (WED). The declaration was made officially by Advisor of Youth Resources and Sports, Zale Neikha. The much-appreciated initiative on declaring this scenic valley as a ‘plastic-free zone’ was taken by Southern Angami Youth Organisation (SAYO) in accordance with its pledge to conserve and protect the environment. The Dzukou valley is situated at an altitude of 2452 m above sea level. It is famous for its wide range of flower in every season. The rare Dzükou Lily is found only in this valley.
4. Who of the following players has become the India’s highest capped footballer?
Correct Answer: B [Sunil Chhetri]
Notes:
Sunil Chhetri has become the India’s highest capped footballer by surpassing Bhaichung Bhutia’s 107 international matches. In his milestone match of the King’s Cup football tournament in Buriram, Thailand, he scored the lone goal for his side in the 31st minute from a spot kick for his 69th goal. However, his effort did not make any difference as India ranked 101, lost 1-3 to higher ranked Curacao. The 82nd ranked Caribbean island nation has two players associated with English Premier League and some others in European leagues. They scored three goals in the space of 18 minutes through Roly Bonevacia, Elson Hooi and Leandro Bacuna.
Sunil Chhetri has become the India’s highest capped footballer by surpassing Bhaichung Bhutia’s 107 international matches. In his milestone match of the King’s Cup football tournament in Buriram, Thailand, he scored the lone goal for his side in the 31st minute from a spot kick for his 69th goal. However, his effort did not make any difference as India ranked 101, lost 1-3 to higher ranked Curacao. The 82nd ranked Caribbean island nation has two players associated with English Premier League and some others in European leagues. They scored three goals in the space of 18 minutes through Roly Bonevacia, Elson Hooi and Leandro Bacuna.
5. Which social networking site has launched its first interactive game show ‘Confetti’ in India?
Correct Answer: D [Facebook ]
Notes:
Facebook has launched its first interactive game show titled “Confetti” in India, which will start from June 12 on its dedicated video platform – Facebook Watch. The interactive show will air from Wednesday to Sunday and will challenge participants to answer pop culture trivia questions for a chance to win Rs 3 lakh as cash prize every day. In 2018, the social networking giant globally rolled out Facebook Watch as its video-on-demand service in an attempt to take on its rival YouTube. The video service allows users to enjoy videos from different genres, including entertainment, sports and news in their personalised “Watch Feed” that carries a collection of recent videos from the pages they follow.
Facebook has launched its first interactive game show titled “Confetti” in India, which will start from June 12 on its dedicated video platform – Facebook Watch. The interactive show will air from Wednesday to Sunday and will challenge participants to answer pop culture trivia questions for a chance to win Rs 3 lakh as cash prize every day. In 2018, the social networking giant globally rolled out Facebook Watch as its video-on-demand service in an attempt to take on its rival YouTube. The video service allows users to enjoy videos from different genres, including entertainment, sports and news in their personalised “Watch Feed” that carries a collection of recent videos from the pages they follow.