Home » Daily Current Affairs Quiz – 05th July 2022

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2022 of 05th July 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.

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1) To create Amrit Vatika, National Mission for Clean Ganga (NMCG) plants ___________ saplings on the River Yamuna in New Delhi

(a) 50 saplings

(b) 75 saplings

(d) 150 saplings

(e) 250 saplings

2) Indians can now receive up to Rs ___________ lakh without telling the authorities according to a Center amendment to the Foreign Contribution Regulation Act (FCRA)

(a) Rs 5 lakh

(b) Rs 10 lakh

(d) Rs 20 lakh

(e) Rs 25 lakh

3) Which minister launched a three-day event named Grand Hackathon organized by Open Network for Digital Commerce (ONDC) in collaboration with NABARD?

(a) Shri Amit Shah

(b) Smt. Nirmala Sitharaman

(d) Shri Piyush Goyal

(e) Shri Dharmendra Pradhan

4) 12^th meeting of BRICS National Security Advisors to be held virtually. In 2022, which country is the chair of the BRICS grouping?

(a) Brazil

(b) Russia

(d) China

(e) South Africa

5) Rim of the Pacific (RIMPAC 2022) Begins in which place with 21 Partner Nation Ships. What is the correct full form of RIMPAC?

(a) Hawaii

(b) the Bahamas

(d) Alaska

(e) Maui

6) National Thermal Power Corporation commissions 100 MW Ramagundam Floating Solar PV Project in which state?

(a) Andhra Pradesh

(b) Tamil Nadu

(d) Karnataka

(e) Telangana

7) Which of the following Insurance ties up with Avanse Financial for student travel insurance?

(a) TATA AIG General Insurance

(b) IFFCO Tokio General Insurance

(d) Edelweiss General Insurance

(e) HDFC ERGO General Insurance Company

8) SBI Card partners with Aditya Birla Finance to launch ‘Aditya Birla SBI Card’ of __________ Variants

(a) Single Variants

(b) Two Variants

(d) Four Variants

(e) Five Variants

9) As per the Reserve Bank of India (RBI), India reports a Current Account Deficit (CAD) of ____________% of GDP in FY22 on a widening trade deficit

(a) 0.9%

(b) 1.2%

(d) 1.9%

(e) 2.1%

10) As per the report titled “Capital Flows at Risk: India’s Experience” written by the Reserve Bank of India Adverse global events may lead to $ __________ bn portfolio outflows

(a) $25-bn

(b) $50-bn

(d) $100-bn

(e) $150-bn

11) RBI bars non-bank prepaid payment instruments (PPI) from loading credit lines. This comes under which act?

(a) Reserve Bank of India Act, 1934

(b) Banking Regulation Act, 1949

(d) Prevention of Money Laundering Act, 2002 (“PMLA”)

(e) Foreign Exchange Management Act, 1999

12) Muthoot Finance Launches Updated Version Of ‘Muthoot Online’ Web App. The Head Quarters of Muthoot Finance is located at which place?

(a) Thiruvananthapuram

(b) Kochi

(d) Palakkad

(e) Alleppey

13) Indian origin Mr. T Raja Kumar is in news, recently he has been appointed as the President of ____________________.

(a) Financial Action Task Force

(b) G7

(d) Universal Postal Union

(e) World Trade Organization

14) Mr. Yair Lapid becomes Prime Minister of which among the following country?

(a) Iran

(b) Iraq

(d) the Philippines

(e) Oman

15) Defence Research and Development Organisation (DRDO) conducts successful maiden flight of Autonomous Flying Wing Technology Demonstrator at which state?

(a) Karnataka

(b) Tamil Nadu

(d) Odisha

(e) Rajasthan

16) As per the Global Startup Ecosystem Index (GSEI) released by StartupBlink which state in India emerged as the “strongest startup ecosystem in India” and ranked 8th globally?

(a) Hyderabad

(b) Bengaluru

(d) Mumbai

(e) Pune

17) As per the UN-Habitat World Cities Report 2022, at which year is India’s urban population to stand at 675 million?

(a) 2025

(b) 2028

(d) 2035

(e) 2040

18) Which Indian Institution & World Food Program Launches Report- ‘Take Home Ration- Good Practices across the State/UTs’?

(a) NABARD

(b) RBI

(d) SEBI

(e) RRB

19) Which ministry addressed the National Conference on Food and Nutrition Security held in India?

(a) Ministry of Consumer Affairs

(b) Ministry of Health and Family welfare

(d) Ministry of Agriculture & Farmers’ Welfare

(e) Ministry of Micro, Small, and Medium Enterprises

20) Which Indian Cricketer hits 29 runs and breaks Brian Lara’s record by one run in Test Cricket?

(a) Rohit Sharma

(b) Jasprit Bumrah

(d) Ravindra Jadeja

(e) KL Rahul

Answers :

1) Answer: B

The National Mission for Clean Ganga (NMCG) erected Namami Gange Amrit Vatika at Kalindi Kunj Ghat on the River Yamuna in New Delhi with the planting of 75 trees as part of the Azadi Ka Amrit Mahotsav.

The overarching organization for the planting endeavor was the project Yamuna Ghat par Vriksharopan.

With a financial commitment of Rs. 20,000 crores, the Union Government of India authorized the Namami Gange Program, an integrated conservation program, as a “Flagship Program” in June 2014.

One of the Namami Gange Program’s primary areas of focus, according to NMCG Director General G. Asok Kumar, is cleaning up Ganga tributaries, notably the Yamuna.

2) Answer: B

Union Home Ministry has amended the Foreign Contribution Regulation Act (FCRA) giving certain relaxations such as allowing relatives to send more money to India freely.

The amended rule now allows relatives to send 10 lakh rupees without informing the government.

If the amount exceeds, the individuals will now have three months to inform the government against 30-days earlier.

The amended rule also gives more time to the organizations to inform the government about the opening of bank accounts for the utilization of funds received under the ‘registration’ or ‘prior permission’ category.

3) Answer: D

A three-day Grand Hackathon that the Open Network for Digital Commerce (ONDC) is organizing in collaboration with NABARD has essentially begun according to Union Minister Shri Piyush Goyal.

The physical element of this event was held at the Bombay Stock Exchange’s Fort, Mumbai, site.

The Agri Grant Challenge and the Agri Innovation Hackathon are the two divisions of the Grand Hackathon, and both will spotlight ideas that can aid in the adoption of eCommerce by the agriculture sector.

4) Answer: D

The 12th Meeting of BRICS National Security Advisers and High Representatives on National Security was held virtually.

Yang Jiechi, Member of the Political Bureau of the Chinese Communist Party (CPC) Central Committee and Director of the Office of the Central Commission for Foreign Affairs, chaired the meeting in Beijing, China.

National security advisers and high representatives of the national security of South Africa, Brazil, Russia, and India attended the event.

In 2022, China is the chair of the BRICS grouping & India was represented by National Security Advisor Ajit Doval.

5) Answer: A

A total of 21 United States partner nation ships, including one submarine, from 14 countries are docked at Joint Base Pearl Harbor-Hickam (JBPHH) for the Rim of the Pacific 2022 (RIMPAC 2022) exercise that kicks off in Hawaii.

The theme of Rim of the Pacific’s (RIMPAC) 2022 is Capable Adaptive Partners

26 nations, 38 surface ships, 4 submarines, 9 national land forces, more than 30 unmanned systems, approximately 170 aircraft, and more than 25,000 personnel will take part at RIMPAC 2022 & it will be conducted in and around the Hawaiian Islands and Southern California.

The largest contingent is from the Republic of Korea (ROK), which sent 3 ships and 1 submarine, followed by the Royal Australian Navy, with three ships.

6) Answer: E

National Thermal Power Corporation NTPC Ltd has declared the Commercial Operations Date (COD) of the last part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project in Telangana.

Ramagundam Floating Solar PV Project is India’s largest Floating Solar Plant commissioned by NTPC.

In March 2022, the NTPC had made commercially operational an additional 42.5 MW of power generation capacity at Ramagundam floating solar project in Telangana.

7) Answer: D

Edelweiss General Insurance (EGI) has Partnered with education sector-focussed NBFC Avanse Financial Services to provide travel insurance to Indian students going abroad for higher education.

EGI plans to offer complete coverage against medical, stay, travel inconvenience-related covers, emergencies, and losses. Students will also have the choice to customize their plan with optional covers as per their needs and requirements from universities.

Industry reports suggest the number of Indian students going abroad for higher studies is expected to touch 18 lakh by 2024, leading to increased spending

8) Answer: B

SBI Cards and Payment Services has entered into a strategic partnership with Aditya Birla Finance (ABFL), the lending subsidiary of Aditya Birla Capital for the launch of ‘Aditya Birla SBI Card’.

The card has been designed to give customers significant reward points on their spending around telecom, fashion, travel, dining, entertainment, and hotels, among others.

The card comes in two variants

1) Aditya Birla SBI Card SELECT

2) Aditya Birla SBI card, both available on the Visa platform.

The joining/annual renewal fee for ‘Aditya Birla SBI Card’ and ‘Aditya Birla SBI Card SELECT’ is Rs 499 and Rs 1499 respectively.

9) Answer: B

The Reserve Bank of India (RBI) stated that India witnessed a current account deficit of 1.2 percent of GDP in 2021-22 against a surplus of 0.9 percent in FY 2020-21 due to a wider trade deficit.

For the January-March 2022 quarter, the CAD narrowed on a sequential basis to USD 13.4 billion or 1.5 percent of GDP against USD 22.2 billion or 2.6 percent of GDP in the December 2021 quarter.

In FY22, the trade deficit widened to USD 189.5 billion, up from USD 102.2 billion in FY21.

10) Answer: D

The paper, titled “Capital Flows at Risk: India’s Experience” was written by RBI Deputy Governor Michael Patra, Harendra Behera, and Silu Muduli and released in the RBI’s Bulletin.

In that paper, there is (only) a five percent chance of portfolio outflows from India of the order of 3.2 percent of GDP or $100.6 billion in a year, in response to a Covid-type contraction in GDP growth.

In an extreme risk scenario or a black swan event in which there is a combination of all these shocks, there is a 5 percent chance of outflows under portfolio investments of 7.7 percent of GDP and short-term trade credit retrenchment of 3.9 percent of GDP.

11) Answer: C

Reserve Bank of India (RBI) has barred all non-bank prepaid payment instrument (PPI) issuers from loading credit lines.

RBI guidelines permit PPIs to be loaded by either cash, or debit to a bank account, credit & debit cards, and other payment instruments in rupees.

Any non-compliance in this regard may attract penal action under provisions contained in the Payment and Settlement Systems Act, 2007.

The RBI’s clarification is being seen as an attempt to stop card-based fintech and firms operating as neo banks that have tied up with banks from offering credit lines

12) Answer: B

Muthoot Finance has launched the new upgraded version of ‘Muthoot Online’ (https://online.muthootfinance.com/) web application, offering an extended range of features that promises an Omni channel experience to its customers in Kochi, Kerala.

With this new upgrade, the consumers can have a hassle-free user experience to avail of these services at the touch of their fingertips from the comfort of their homes.

Customers can avail and repay the Gold loan, Home loan, Personal loan, and Vehicle Loan, buy Insurance & zero interest products online along with access host of other facilities 24×7 from the comfort of their home.

The website assures high-tech security features to ensure customers’ data privacy.

13) Answer: A

Indian origin Mr. T Raja Kumar has been appointed as the president of the Financial Action Task Force (FATF), the anti-money laundering watchdog for two years (July 2022 -June 2024).

He will focus on enhancing the effectiveness of global anti-money laundering & counter-terrorist financing measures, improving asset recovery, and other initiatives.

He succeeded Dr. Marcus Pleyer (Germany).

14) Answer: C

The leader of the Yesh Atid Party, Mr. Yair Lapid has officially become the 14th Prime Minister of Israel.

He succeeds Mr. Naftali Bennett.

Meanwhile, Naama Schultz, a longtime aide to the Yesh Atid leader, will become director-general of the Prime Minister’s Office

15) Answer: A

The Defence Research and Development Organisation (DRDO) successfully carried out the maiden flight of the Autonomous Flying Wing Technology Demonstrator from the Aeronautical Test Range, Chitradurga, Karnataka.

The Unmanned Aerial Vehicle is designed and developed by Aeronautical Development Establishment (ADE), Bengaluru, a premier research laboratory of DRDO.

It is a major achievement toward autonomous aircraft and will pave the way for ‘Atma Nirbhar Bharat’ in terms of critical military systems.

16) Answer: B

According to the Global Startup Ecosystem Index (GSEI) by Israel-based StartupBlink, Bengaluru is the “strongest startup ecosystem in India” and ranked 8th globally.

Globally, New Delhi ranks 13, Mumbai is 17, Pune is 90, Hyderabad is 97, Chennai is 102, Jaipur is 212 and Ahmedabad is 223.

17) Answer: D

The United Nations-Habitat’s World Cities Report 2022, India’s urban population is estimated to stand at 675 million in 2035, the 2nd highest behind China’s 1 billion.

The report stated that rapid urbanization was only temporarily delayed by the pandemic but the global urban population is back on track to grow by another 2.2 billion people by 2050.

As per report, India’s urban population is projected to be 675,456,000 in 2035, growing from 483,099,000 in 2020 to 542,743,000 in 2025 and 607,342,000 in 2030.

18) Answer: C

National Institution for Transforming India (NITI) Aayog Vice Chairman Suman K. Bery and the World Food Program released a report titled ‘Take Home Ration (THR)-Good Practices Across States/Union Territories.

The launch was attended by Indevar Pandey, Secretary of the Ministry of Women and Child Development, Senior Advisor Rajib Sen, and Eric Kenefick, Deputy Country Director of the United Nations World Food Programme.

The report presents a set of good and innovative practices used by the states and UTs in the implementation of the Take Home Ration value chain.

19) Answer: A

The Department of Food and Public Distribution will organize a National Conference on – Food and Nutrition Security in India in New Delhi.

The conference is aimed at facilitating cross-learning, disseminating best practices for schemes under Public Distribution System, and strengthening the focus on nutritional security.

Consumer Affairs Minister Shri Piyush Goyal will address the one-day conference.

20) Answer: B

Jasprit Bumrah, the captain of India, surpassed the famous Brian Lara’s record by one run when he battered the helpless Stuart Broad for 29 runs to set a new global record for the most runs scored in a single over in Test cricket.

Lara held the global record for the longest time (18 years).

In a Test match in 2003–04, he scored 28 runs against South African left-arm spinner Robin Peterson, including four fours and two sixes from six legal deliveries.

In the 84th over of the Indian first innings in the fifth rescheduled Test here, Broad, who was previously blasted for six sixes in an over by Yuvraj Singh in the first World T20 in 2007, conceded 35.

Daily Current Affairs Quiz – 05th July 2022

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