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Current Affairs Quiz: 1 July 2022

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AffairsCloud brings you the complete and important daily Current Affairs 1 July 2022 Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2022 updates.

Our Current Affairs March 2022 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.

    1. Name the ministry that recently (in June’22) signed an MoU with the Ministry of Skill Development and Entrepreneurship to provide training in engineering trades to boost the capital goods sector.
      1) Ministry of Commerce and Industry
      2) Ministry of Heavy Industries
      3) Ministry of Steel
      4) Ministry of MSME
      5) Ministry of Labour and Employment
      Answer- 2) Ministry of Heavy Industries
      Explanation:
      The Ministry of Heavy Industries (MHI) and Ministry of Skill Development and Entrepreneurship (MSDE) signed an MoU to create a collaborative ecosystem to offer skill development training in the capital goods sector.
      i. Under the agreement training will be provided in several engineering trades through Qualification Packs (QPs) developed by MHI-related Sector Skill Councils under the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector Phase II ( Phase I of the scheme was launched in 2014).

    2. How many new unicorns will be in India in the next two years, as per the ASK Private Wealth Hurun India Future Unicorn Index 2022 released in June 2022?
      1) 200
      2) 169
      3) 100
      4) 157
      5) 122
      Answer-5) 122
      Explanation:
      According to the Hurun Research Institute’s ‘ASK Private Wealth Hurun India Future Unicorn Index 2022’, India will have 122 new unicorns in the next two to four years. Startups like Shiprocket, Zepto, and Turtlemint are at the top of the list of probable unicorns.
      i. The index provides a glimpse of the Indian start-up ecosystem and ranks Indian start-ups that were established in the 2000s, worth at least USD 200 million (Rs. 1,500 crore), are not yet listed on a public exchange, and are most likely to “go unicorn” within the next 2 -4 years. The deadline was May 31, 2022.
      ii. According to the index, Bengaluru remains India’s start-up capital, with 46 probable unicorns, following it are Maharashtra’s Mumbai (16) and Delhi (National Capital Region (NCR)) (25).

    3. The Rim of the Pacific 2022 (RIMPAC 2022) was recently (in June ’22) commenced on the island of Oahu in ____________.
      1) Samoa
      2) Papua New Guinea
      3) Tonga
      4) Hawaii
      5) Fiji
      Answer- 4) Hawaii
      Explanation:
      Rim of the Pacific 2022 (RIMPAC 2022) commenced at Joint Base Pearl Harbor-Hickam(JBPHH),a United States military base on the island of Oahu, Hawaii. The exercise was started with 21 United States (US) partner nation ships, including one submarine, from 14 countries.It is a biennial event and 2022 marks the 28th edition of RIMPAC.
      i. In RIMPAC 2022, 26 nations are participating and it is hosted by the US Navy. RIMPAC 2022’s theme is “ Capable Adaptive Partners”.
      ii. INS Satpura and one P8I maritime patrol aircraft from the Indian Navy participated in RIMPAC 2022.
      iii. INS Satpura is a 6000-tonne guided missile stealth frigate that is designed and built indigenously and is equipped to seek and destroy adversaries in air, surface and underwater.

    4. Name the payment bank that was recently (in June’22) partnered with Axis Bank to digitise the cash collection system in Tier III cities and semi-urban regions.
      1) India Post Payments Bank
      2) Paytm Payment Bank
      3) Fino Payment Bank
      4) Airtel Payments Bank
      5) Jio Payment Bank
      Answer-4) Airtel Payments Bank
      Explanation:
      Airtel Payments Bank partnered with Axis Bank to digitise the cash collection system in Tier III cities and semi-urban regions.
      i. Under this partnership, Airtel Payments Bank will support Axis Bank in digitisation of last-mile cash collections through its digital-led neighbourhood banking model.
      About Airtel Payments Bank:
      Managing Director (MD) & CEO – Anubrata Biswas
      Establishment – 2017
      Headquarters – New Delhi,Delhi

    5. Which insurance company recently launched “Insta confirmation of insurance (Insta-COI)” to deliver a superior customer experience?
      1) Max Life Insurance
      2) ICICI Prudential Life Insurance
      3) Exide Life Insurance
      4) Kotak Mahindra Life Insurance
      5) HDFC Life Insurance
      Answer-1) Max Life Insurance
      Explanation:
      Max Life Insurance Company Limited has launched ‘Insta confirmation of insurance (Insta-COI)’, for the customers who buys the ‘Max Life Smart Fixed-return Digital Plan’ (UIN: 104N123V01), a non-linked, non-participating, individual life insurance savings plan on Max Life website or Policybazaar platform.
      i. This initiative is strengthened by AI-enabled smart underwriting which is applicable for certain low-risk prospects for a sum assured of up to Rs. 25 Lakh.

    6. Name the organisation that recently (in June’22) approved a USD 1 Billion Loan to Support India’s Health Sector.
      1) Asian Development Bank
      2) World Bank
      3) United Nations Children’s Fund
      4) World Health Organization
      5) International Monetary Fund
      Answer-2) World Bank
      Explanation:
      The World Bank (WB) Board of Executive Directors has approved 2 complementary loans of USD 500 million each to support India’s health sector.
      i. The two complementary combined loans of USD 1 billion will be offered to support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) which was launched in October 2021, to improve the public healthcare infrastructure across India.
      ii. According to WB estimates, India’s life expectancy has improved to 69.8 in 2020 from 58 in 1990 which is higher than India’s average income level.

    7. ABHYAS is a High-speed Expendable Aerial Target (HEAT) that was recently (in June’22) flight-tested from the Integrated Test Range (ITR), Chandipur off the coast of Odisha by _____________.
      1) Indian Space Research Organisation
      2) Bharat Dynamics
      3) Defence Research and Development Organisation
      4) Bharat Electronics
      5) Hindustan Aeronautics Limited
      Answer-3) Defence Research and Development Organisation
      Explanation:
      ABHYAS, High speed Expendable Aerial Target (HEAT) was successfully flight-tested from the Integrated Test Range (ITR), Chandipur off the coast of Odisha by Defence Research and Development Organisation (DRDO).
      i. The test demonstrated its performance at low altitude including sustained level and high manoeuvrability.
      ii. It is designed & developed by Bengaluru based Aeronautical Development Establishment (ADE) of Defence Research and Development Organisation (DRDO).
      iii. It has Radar Cross-Section (RCS), visual and IR (Infra-Red) augmentation systems required for weapon practice, and testing of surface-to-air missile (SAM) systems.
      Note: Abhyas – A word derived from Sanskrit.The meaning of Abhyas is “for practice or preparatory exercise”.

    8. When was International Asteroid Day 2022 observed across the globe by the United Nations (UN)?
      1) 28th June 2022
      2) 26th June 2022
      3) 30th June 2022
      4) 27th June 2022
      5) 29th June 2022
      Answer- 3) 30th June 2022
      Explanation:
      The United Nations(UN)’s International Asteroid Day 2022 was observed across the globe on 30th June 2022 to create awareness about the hazards of an asteroid impact.
      i. The first ever International Asteroid Day was observed on 30th June 2017.
      ii. 30th June marks the anniversary of Earth’s largest asteroid impact, the Siberia Tunguska event, which occurred on 30th June 1908.

    9. In June 2022, Maharashtra government renamed ‘Aurangabad city’ as __________.
      1) Sambhajinagar
      2) Ichalkaranji
      3) Hinganghat
      4) Dharashiv
      5) Ulhasnagar
      Answer-1) Sambhajinagar
      Explanation:
      The Maharashtra government cabinet under the chairmanship of the Chief Minister (CM) Uddhav Thackeray approved the renaming of Aurangabad city as Sambhajinagar, and that of Osmanabad city as Dharashiv.
      i. The cabinet meeting also approved that the upcoming Navi Mumbai international airport will be named after farmer leader late ‘Dinkar Balu Patil’.
      ii. The airport is currently being constructed by the Adani Group in adjoining Raigad to decongest Chhatrapati Shivaji Maharaj International Airport in Mumbai.

    10. Name the state government that recently (in June’22) an MoU with the Adani Green Energy Group Ltd. (AGEL) to generate 11000 MW of green energy.
      1) West Bengal
      2) Jharkhand
      3) Gujarat
      4) Maharashtra
      5) Madhya Pradesh
      Answer-4) Maharashtra
      Explanation:
      The Maharashtra government’s Energy department signed an MoU with Adani Green Energy Group Ltd (AGEL) to generate 11000 MegaWatt (MW) green power in the next five years.
      i. The agreement would entail an investment of Rs.60,000 crore and provide employment to 30,000 persons.
      ii. Under the partnership, AGEL will set up Pumped Storage Projects (PSP) in the next four to five years, through which about 11,000 MW greenpower will be generated.