AffairsCloud brings you the complete and important daily Current Affairs 1 October 2021 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 2021 updates.
Our Current Affairs October 2021 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.
We are Hiring – Subject Matter Expert | CA Video Creator | Content Developers(Pondicherry)
Top 10 Questions Based on Current Affairs 1 October 2021
Remaining questions are available in CareersCloud APP, Course Name – Crack Current Affairs 2021 – Click Here to Download the APP
- Which of the following point(s) are Correct with respect to the cabinet approval by the Government of India in September 2021?
A) The government approved the continuation of the ‘National Export Insurance Account’ (NEIA) scheme with financial allocations of Rs 1,650 Crore for a tenure FY22 to FY26.
B) Nimach-Ratlam railway, Madhya Pradesh and Rajkot-Kanalus Railway Line, Gujarat got the approval of doubling the total length of the line.
C) The Government approved capital infusion of Rs 8,000 crore to EXIM Bank over a period of 3 years & listed it on stock exchanges to mobilize fresh capital from the market.
1) Both A & B
2) Both B & C
3) Both A & C
4) All A, B & C
5) Only BAnswer-1) Both A & B
Explanation:
i. The government approved the continuation of the ‘National Export Insurance Account’ (NEIA) scheme giving financial allocations of Rs 1,650 Crore for a tenure FY22 to FY26.
ii. Nimach-Ratlam railway, Madhya Pradesh and Rajkot-Kanalus Railway Line, Gujarat got the approval of doubling the total length.
iii. The Government approved capital infusion of Rs 4,400 crore to ECGC Ltd. (Export Credit Guarantee Corporation Ltd.) over a period of 5 years & listed it on the Initial Public Offering (IPO) on stock exchanges to mobilize fresh capital from the market. - Who was appointed to lead the ‘9-Member Expert Group’ that was reconstituted (in Sept’ 21) by the Labour Ministry for determining the national floor level minimum wages under the Code on Wages?
1) Arup Mitra
2) Rupa Chanda
3) SP Mukherjee
4) Bhupender Yadav
5) Rameswar TeliAnswer-3) SP Mukherjee
Explanation:
The Labour Ministry reconstituted the expert group responsible for determining the national floor level minimum wages under the Code on Wages. Economist and statistician SP Mukherjee will lead the 9-member group.
Ajit Mishra, who headed the previous panel, excused himself from discharging his duty on account of his personal and other professional commitments. - In September 2021, MSME Minister Narayan Tatu Rane inaugurated the India Export Initiative and SME Forum’s portal named __________ to increase export by 50% in 2022.
1) MSMEXports
2) ARM-MSME
3) eMSME
4) IndiaXports
5) BharatNiryatAnswer-4) IndiaXports
Explanation:
MSME Minister Narayan Tatu Rane virtually inaugurated the India Export Initiative and SME(Small and Medium Enterprises) Forum’s portal IndiaXports 2021 to boost the number of exporting MSME, increasing export by 50% in 2022.
i. MSMEs contribute nearly 40% of overall India’s exports and approximately 6.11% GDP from the manufacturing sector & 24.63% of the GDP from the services sector. - As per the 3rd edition of ‘Digital Quality of Life Index (DQL) 2021’ prepared by ‘Surfshark’, India was positioned at an overall rank of _______ among 110 countries, while _______ was ranked at the top.
1) 59th; Denmark
2) 57th; Denmark
3) 59th; South Korea
4) 57th; South Korea
5) 59th; FinlandAnswer-1) 59th; Denmark
Explanation:
As per the 3rd edition of ‘Digital Quality of Life Index (DQL) 2021’ prepared by ‘Surfshark’, India was positioned at an overall rank of 59th among 110 countries, while Denmark was ranked at the top.
The report evaluates countries’ digital quality based on 5 fundamental principles viz. Internet Affordability, Internet Quality, e-Infrastructure, e-Security & e-Governance. - Which Payment Bank recently (in Sept’ 21) joined hands with Dairy-tech startup ‘Stellapps’ to enable cashless payment transfers to small dairy farmers?
1) Paytm Payment Bank
2) Airtel Payment Bank
3) NSDL Payments Bank
4) Jio Payments Bank
5) Fino Payment BankAnswer-2) Airtel Payment Bank
Explanation:
Dairy-tech startup Stellapps and Airtel Payments Bank joined hands to enable cashless payment transfers to small dairy farmers. This project will be initiated in Uttar Pradesh (Varanasi & Kanpur) and Madhya Pradesh (Gwalior).
About Airtel Payments Bank:
MD & CEO– Anubrata Biswas
Headquarter– New Delhi ,India - Which of the following Option is NOT correct with respect to the Frameworks issued by the board of Securities and Exchange Board of India (SEBI) in September 2021?
1) SEBI Approved the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021 to create ‘One Nation One Price’ of gold.
2) The Board approved the creation of the ‘Smart Crypto Exchange’ for fund raising by Entrepreneurs.
3) ‘SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011’ was amended to make merger and acquisition (M&A) transactions more convenient.
4) ‘SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015’ was amended in relation to regulatory provisions on Related Party Transactions (RPTs).
5) It relaxed the eligibility requirements related to the Superior Voting Rights (SR) Shares framework to retain the control of their firms by raising capital.Answer-2) The Board approved the creation of the ‘Smart Crypto Exchange’ for fund raising by Entrepreneurs.
Explanation:
Securities and Exchange Board of India (SEBI) under its board meeting issued following frameworks-
• SEBI Approved the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021 to create ‘One Nation One Price’ of gold.
• The Board approved the creation of the ‘Social Stock Exchange’ for fund raising by Social Enterprises.
• ‘SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011’ was amended to make merger and acquisition (M&A) transactions more convenient.
• ‘SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015’ was amended in relation to regulatory provisions on Related Party Transactions (RPTs).
• It relaxed the eligibility requirements related to the Superior Voting Rights (SR) Shares framework to retain the control of their firms by raising capital. - Which bank was removed by RBI (in Sept’ 21) from its Prompt Corrective Action (PCA) framework?
1) Punjab National Bank
2) Central Bank of India
3) YES Bank
4) Indian Overseas Bank
5) State Bank of IndiaAnswer-4) Indian Overseas Bank
Explanation:
RBI removed Indian Overseas Bank (IOB) from the Prompt Corrective Action Framework (PCAF) as the performance of the bank is compliant with the PCA parameters.
i. Currently, the Central Bank of India is the only lender under the RBI’s PCA framework. - Which Environmental Organisation won the 2021’s ‘Right Livelihood Award’?
1) Greenpeace India
2) Centre for Science and Environment
3) National Ganga River Basin Authority
4) MS Swaminathan Research Foundation
5) Legal Initiative for Forest and EnvironmentAnswer-5) Legal Initiative for Forest and Environment (LIFE)
Explanation:
Delhi-based environmental organisation Legal Initiative for Forest and Environment (LIFE) won the 2021 Right Livelihood Award, for empowering communities in areas ranging from child protection to environmental defence.
i.The award is also known as Sweden’s alternative Nobel Prize given by the Swedish Right Livelihood Foundation. - Who was recently (in Sept’ 21) appointed as the President of the ruling ‘Liberal Democratic Party’ & set to become the 100thPM of Japan.
1) Shinzo Abe
2) Yoshihide Suga
3) Fumio Kishida
4) Itō Hirobumi
5) NaruhitoAnswer-3) Fumio Kishida
Explanation:
Former Foreign Minister Fumio Kishida was elected as the president of the ruling Liberal Democratic Party (LDP) and set to become the next and the 100th Prime Minister(PM) of Japan.
About Japan:
Capital– Tokyo
Currency– Japanese Yen - Who won 2021’s ‘Ostrava Open women’s doubles’?
1) Kaitlyn Christian & Erin Routliffe
2) Barbora Krejcikova & Shuai Zhang
3) Sania Mirza & Shuai Zhang
4) Sania Mirza & Barbora Krejcikova
5) Erin Routliffe & Katerina SiniakovaAnswer-3) Sania Mirza & Shuai Zhang
Explanation:
India’s Sania Mirza and her Chinese partner Shuai Zhang won the 2021 Ostrava Open women’s doubles title in the women’s doubles final of the Ostrava Open held in Ostrava, Czech Republic.
AffairsCloud Recommends Oliveboard Mock Test
AffairsCloud Ebook - Support Us to Grow
Govt Jobs by Category
Bank Jobs Notification
