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Current Affairs Quiz: 10 June 2022

AffairsCloud brings you the complete and important daily Current Affairs 10 June 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.

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    1. Which institute recently (in June’22) signed an MoU with the National Highways Infrastructure Development Corporation Limited (NHIDCL) for sharing knowledge in the field of highway engineering?
      1) IIT Kanpur
      2) IIT Guwahati
      3) IIT Kharagpur
      4) IIT Indore
      5) IIT-Roorkee
      Answer & Explanation
      Answer- 5) IIT-Roorkee
      Explanation:
      The National Highways Infrastructure Development Corporation Limited (NHIDCL) signed an MoU with the Indian Institute of Technology (IIT)-Roorkee, in Uttarakhand, for sharing knowledge on innovative ideas and technologies in the field of highway engineering.
      AIM: To establish the collaboration between the NHIDCL and IIT-Roorkee in order to take up various activities of common interest such as sharing knowledge on innovative ideas and other infrastructure works as per mutually agreed terms and conditions.

    2. As per the Quacquarelli Symonds (QS) World University Rankings 2023, which Indian institute ranked 155 & emerged as the fastest rising South Asian university among the top 200 universities?
      1) IIM–Bangalore
      2) IIT- Madras
      3) IISc-Bengaluru
      4) IIT- Delhi
      5) IIM Ahmedabad
      Answer & Explanation
      Answer- 3) IISc-Bengaluru
      Explanation:
      According to the Quacquarelli Symonds (QS) World University Rankings 2023, Indian Institute of Science (IISc), Bengaluru, Karnataka, ranked 155 gaining 31 places since 2022 ranking and emerged as the fastest rising South Asian university among the top 200 universities.
      i. The ranking was topped by the United States(US)’s Massachusetts Institute of Technology (MIT) followed by the University of Cambridge in the United Kingdom(UK) and Stanford University(US).
      ii. IISc has emerged as number one (globally) in the “Citations per Faculty (CpF)” indicator which is used by QS to evaluate the impact of research produced by universities.
      iii. Indian Institutes of Technology(IIT) Guwahati (37th for CpF), IIT Roorkee (47th for CpF) and the University of Madras (48th for CpF) (new entry) are among the global top-50 research institutions.

    3. Name the state legislature in the United States (US) that recently (in June’22) passed the world’s first “right to repair” law for digital electronics.
      1) New Jersey
      2) New York
      3) Alaska
      4) Florida
      5) California
      Answer & Explanation
      Answer-2) New York
      Explanation:
      The New York (NY) State Legislature in the United States (US) has passed the world’s first ‘Right to Repair’ law that allows digital electronics manufacturers to make parts, tools, information, and software available to consumers and independent repair shops.
      i. It does not include motor vehicles, home appliances, medical devices, public safety communications equipment like police radios, agricultural equipment, and off-road equipment.
      About United States (US):
      President – Joe Biden
      Capital – Washington DC
      Currency – Dollar

    4. Which of the following points is “Incorrect” with respect to the RBI’s second monetary policy of FY23 released in June 2022?
      1) During the meeting, RBI raised the Policy repo rate by 50 basis points to 4.90%.
      2) Cash Reserve Ratio (CRR) is adjusted to 4.50% and the Statutory Liquidity Ratio (SLR) stands at 18%.
      3) The Standing Deposit Facility (SDF) rate is adjusted to 4.65%.
      4) The Marginal Standing Facility (MSF) rate and the Bank Rate remain unchanged at 4.65%.
      5) The Fixed Reverse Repo Rate has been kept at 3.35%
      Answer & Explanation
      Answer- 4) The Marginal Standing Facility (MSF) rate and the Bank Rate remain unchanged as 4.65%.
      Explanation:
      During the meeting, RBI raised the Policy repo rate by 50 basis points to 4.90%.
      Cash Reserve Ratio (CRR) is adjusted to 4.50% and the Statutory Liquidity Ratio (SLR) stands at 18 per cent.
      The Standing Deposit Facility (SDF) rate is adjusted to 4.65%.
      The Marginal Standing Facility (MSF) rate and the Bank Rate is adjusted to 5.15%.
      The Fixed Reverse Repo Rate has been kept at 3.35%

    5. Which of the following points is “correct” with respect to the RBI’s second monetary policy of FY23 released in June 2022?
      A) RBI enhanced the limit for e-mandates/ standing instructions on credit/debit cards and prepaid payment instruments (PPIs) for recurring transactions to Rs 15,000 from Rs 5,000.
      B) RBI also proposed to allow linking of credit cards to Unified Payments Interface (UPI) for the 1st Time.
      C) The RBI has also increased the limits for individual housing loans for Tier I Urban Co-operative Banks (UCBs) which were revised from Rs 30 lakh to Rs 60 lakh.

      1) All A, B & C
      2) Only A & B
      3) Only B & C
      4) Only A & C
      5) Only A
      Answer & Explanation
      Answer-1) All A, B & C
      Explanation:
      RBI enhanced the limit for e-mandates/ standing instructions on credit/debit cards and prepaid payment instruments (PPIs) for recurring transactions to Rs 15,000 from Rs 5,000.
      i. RBI also proposed to allow linking of credit cards to Unified Payments Interface (UPI) for the 1st Time. Firstly, Rupay credit cards will be enabled with this facility.
      ii. RBI has also increased the limits for individual housing loans being extended by Urban Co-operative Banks (UCBs)and Rural Cooperative Banks (RCBs – State Cooperative Banks and District Central Cooperative Banks/DCCBs) by over 100%.
      The limits for Tier I UCBs were revised from Rs 30 lakh to Rs 60 lakh.
      The limits for Tier II UCBs were revised from Rs 70 lakh to Rs 140 lakh.
      RCBs with assessed net worth less than Rs 100 crore:The limits have been increased from 20 lakh to Rs 50 lakh for individual borrower
      RCBs with assessed net worth equal to or more than ₹100 crore: The limits have been increased from Rs 30 lakh to Rs 75 lakh.

    6. As per the Organisation for Economic Cooperation and Development (OECD)’s Economic Outlook (as of June’22), India’s GDP is reduced to _________ from 8.1% for FY23.
      1) 7.9%
      2) 7.6%
      3) 7.0%
      4) 6.9%
      5) 7.4%
      Answer & Explanation
      Answer-4) 6.9%
      Explanation:
      In its “OECD Economic Outlook, June 2022”, the Organisation for Economic Cooperation and Development (OECD) slashed India‘s Gross Domestic Product (GDP) growth to 6.9% in Fiscal Year 2022-23 (FY23) from its December 2021 forecast of 8.1 percent.
      i. This is 120 basis points lower than the December 2021 forecast of 8.1%. The OECD expects that the global economy will grow by 3% in 2022, down from 4.5% predicted in December 2021, and that inflation will be around 9%.

    7. Who was recently (in June’22) appointed as the ambassador of ‘India-UK Together Season of Culture’?
      1) AR Rahman
      2) Ayushmann Khurrana
      3) Akshay Kumar
      4) Priyanka Chopra
      5) Amitabh Bachchan
      Answer & Explanation
      Answer-1) AR Rahman
      Explanation:
      ‘India-United Kingdom (UK) Together Season of Culture’ appoints Music Maestro AR Rahman as its ambassador which was officially launched by Britain’s Deputy High Commissioner to India Jan Thomson and Director (India) of the British Council Barbara Wickham.
      i. The launch marks the 75th anniversary of India’s independence. AR Rahman was a key consultant to the Season of Culture.
      ii. The ‘Season of Culture’ intends to build on the British Council’s work in India and strengthen partnerships between India and the UK in the arts, English, and education.

    8. In June 2022, the Union Minister of State, Jitendra Singh, announced that India is set to launch __________ mission, the first human space mission and the first manned human ocean mission, in 2023.
      1) Shukrayaan
      2) Aditya-1
      3) Gaganyaan
      4) Chandrayaan-3
      5) Mangalyaan
      Answer & Explanation
      Answer-3) Gaganyaan
      Explanation:
      Dr Jitendra Singh, Union Minister of State (MoS) (Independent Charge), Ministry of Earth Sciences(MoES); and Ministry of Science & Technology announced that India is set to simultaneously launch the first Human Space Mission “Gaganyaan” as well as the first manned Human Ocean Mission in 2023.
      i. The announcement was made during the event organised as a part of World Ocean Day 2022(8th June) at Prithvi Bhawan, Delhi. He also announced that the government is set to unveil the Blue Economy Policy and more than 40 million people will be employed by ocean-based industries by 2030.
      ii. For Gaganyaan, the major missions: Test vehicle flight for the validation of Crew Escape System performance and the 1st Uncrewed mission of Gaganyaan (G1), are scheduled to be held in the 2nd half of 2022.
      iii. The second uncrewed mission, carrying “Vyommitra” a spacefaring human-robot developed by the Indian Space Research Organisation(ISRO), is scheduled for the end of 2022 and the first crewed Gaganyaan mission is scheduled for 2023.

    9. In June 2022, Indian government has finalised deals for cheetahs from South Africa and Namibia and will be released into the wild at Kuno Palpur by the end of 2022.
      Where is Kuno Palpur National park located?

      1) Madhya Pradesh
      2) Maharashtra
      3) Uttar Pradesh
      4) Bihar
      5) West Bengal
      Answer & Explanation
      Answer-1) Madhya Pradesh
      Explanation:
      The Indian government has finalised deals with South Africa and Namibia to get the planet’s fastest animals, cheetahs that became extinct in India and will be released into the wild at Kuno Palpur National Park in Sheopur district, Madhya Pradesh by the end of 2022.
      i. Initially, MoU will be signed for 10 years, which can be extended for another five years. There will be 12 cheetahs from South Africa and 8 from Namibia and more will be followed in subsequent years.

    10. What is the theme of World Accreditation Day (WAD) 2022 that was observed across the globe on 9th June 2022?
      1) Accreditation: Supporting the Implementation of the Sustainable Development Goals
      2) Accreditation: Delivering a safer world
      3) Accreditation: Sustainability in Economic Growth and the Environment
      4) Accreditation: Improving food safety.
      5) Accreditation: A Global Tool to support Public Policy.
      Answer & Explanation
      Answer-3) Accreditation: Sustainability in Economic Growth and the Environment
      Explanation:
      World Accreditation Day (WAD) 2022 was observed across the globe on 9th June 2022 with the theme of “Accreditation: Sustainability in Economic Growth and the Environment”.
      i. The day was observed to promote the value of accreditation in the economy. The day also aims to create awareness about the importance of accreditation related activities.
      ii. 9th June 2022 marks the 15th anniversary of World Accreditation Day and the first ever World Accreditation Day was observed on 9th June 2008.
      iii. The WAD 2022 poster was created by Punyasorn Lumjuan.





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