Current Affairs Quiz - July, 2021
11. The Digital Covid certificate or ‘Green Pass’, that was recently making news is initiative of which organization?
[A] World Health Organization (WHO)
[B] European Union (EU)
[C] International Air Transport Association (IATA)
[D] U.S. Food and Drug Administration (FDA)
Show Answer
Correct Answer: B [European Union (EU)]
Notes:
European Union’s Digital Covid certificate or ‘Green Pass’ is set to be rolled out on July 1 with an aim to facilitate free movement during the pandemic. Under this framework, persons who have taken vaccines authorised by the European Medicines Agency (EMA) will be exempted from travel restrictions within the EU region.
12. As of 2021, which is the world’s largest political party?
[A] Chinese Communist Party (CCP)
[B] Bhartiya Janata Party (BJP)
[C] Democratic Party (United States)
[D] United Socialist Party of Venezuela
Show Answer
Correct Answer: B [Bhartiya Janata Party (BJP)]
Notes:
As per 2019 data, Bhartiya Janata Party (BJP) it is the world’s largest party in terms of primary membership, with the second largest party, the Chinese Communist Party, having about half the registered members of the BJP. BJP was founded on 6 April 1980 by Atal Bihari Vajpayee and Lal Krishna Advani. Chinese Communist Party (CCP) — the world’s second largest political party after India’s Bharatiya Janata Party recently celebrated the 100th anniversary of its founding.
13. ‘Tiangong’ is the flagship space station of which country?
[A] UAE
[B] China
[C] Japan
[D] South Korea
Show Answer
Correct Answer: B [China]
Notes:
‘Tiangong’ Space station is the flagship construction of China National Space Administration. Recently, Chinese astronauts successfully performed the country’s first spacewalk in the station.
Out of the three astronauts, who blasted off last month, two of them-Liu Boming and Tang Hongbo, worked for seven hours on the outside of the Tiangong station in the orbit around Earth. Earlier, the USA banned Chinese astronauts from using the International Space Station.
14. India joined OECD/G20 Inclusive Framework on BEPS. What is the expansion of BEPS?
[A] Business Erosion and Profit Shifting
[B] Base Erosion and Profit Shifting
[C] Business Expansion and Profit Shifting
[D] Base Expansion and Profit Shifting
Show Answer
Correct Answer: B [Base Erosion and Profit Shifting]
Notes:
India joined the global tax deal under the G20-OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS).
It seeks to reform international tax rules and ensure that multinational companies pay their fair share wherever they operate. However, when the global tax regime is implemented, India will have to roll back the equalisation levy that it imposes on MNCs such as Google, Amazon and Facebook.
15. What is the priority sector lending target for Micro Enterprises, as mandated by the RBI?
[A] 5 %
[B] 7.5 %
[C] 10 %
[D] 12 %
Show Answer
Correct Answer: B [7.5 %]
Notes:
The Reserve Bank of India mandated that 7.5 % of the bank’s total credit (ANBC or CEOBE) should be provided to Micro enterprises.
Recently, the Union MSME Ministry announced the inclusion of retail and wholesale trade under MSMEs (Micro, small and medium enterprises). As per this categorisation, the traders will now get the benefit of priority sector lending under RBI guidelines. They will also be eligible for availing immediate-term finance as part of the schemes announced under ‘Atmanirbhar Bharat’.
16. ATISIS, is a Special Incentive scheme, recently launched in which state/UT?
[A] Andhra Pradesh
[B] Assam
[C] Arunachal Pradesh
[D] Goa
Show Answer
Correct Answer: B [Assam]
Notes:
Assam government has recently launched a scheme to incentivise the production of orthodox and specialty tea in the state.
Chief Minister Himanta Biswa Sarma launched Assam Tea Industries Special Incentive Scheme (ATISIS). It aims to boost the production of orthodox or specialty tea in the state by extending incentives to the tea gardens. Government will provide interest subvention of 3% on the working capital loan per annum.
17. Taal volcano, which was seen in the news recently, is located in which country?
[A] Indonesia
[B] Philippines
[C] Japan
[D] Ethiopia
Show Answer
Correct Answer: B [Philippines]
Notes:
Taal Volcano is part of a chain of volcanoes located along the western edge of the island of Luzon, in the Philippines.
Recently, the Authorities in the Philippines have warned that the Taal volcano, could erupt anytime soon after recording the highest levels of sulphur dioxide gas emission. The average of 22,628 tonnes a day was the highest ever recorded in Taal volcano.
18. What is the approximate annual growth rate of India’s world market capitalisation, for the last five years?
[A] 2.5%
[B] 5.6%
[C] 14.7%
[D] 21%
Show Answer
Correct Answer: C [14.7%]
Notes:
India has been outperforming the global growth in market- capitalisation for the last five years, at 14.7% annually against 13.25%.
In the month of June, India’s share of the world market capitalisation rose to 2.60%, which was more than the long-term average of 2.45%, as per media reports. India’s market-cap rose 66% in one year to $3.02 trillion last month, which was also higher than the 44% growth of global market-cap.
19. What is ‘Matsya Setu’, which was released by the Union ministry for Fisheries, Animal Husbandry and Dairying?
[A] GPS Application
[B] Online Course Application
[C] Fishing Robot
[D] AI-powered Boat
Show Answer
Correct Answer: B [Online Course Application]
Notes:
Union ministry for Fisheries, Animal Husbandry and Dairying launched the Online Course Mobile App named “Matsya Setu”.
The app was developed by the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA), Bhubaneswar. Matsya Setu app has species-wise/ subject-wise self-learning online course modules. It also teaches the latest freshwater aquaculture technologies to the aqua farmers of the country.
20. Mastercard has partnered with which Fintech firm, to launch the Mandate HQ platform?
[A] Razorpay
[B] Instamojo
[C] Poicybazaar
[D] Pine Labs
Show Answer
Correct Answer: A [Razorpay]
Notes:
Global Payments technology major Mastercard and Fintech unicorn Razorpay have launched a platform named ‘Mandate HQ’.
It is a secure recurring payment interface, that reduces the time for any card issuing bank to enable recurring payments for its customers. It will also businesses to get access to a large customer base, who use debit cards. The Reserve Bank of India (RBI) has recently issued a framework for processing of e-mandates on recurring online transactions.
The above questions are part of Daily Current Affairs 20 MCQs Series in GKToday's Academy Android Application. This series can be subscribed in the app only for Rs. 750/- for entire year.
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