AffairsCloud brings you the complete and important daily Current Affairs 18 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.
- As per the 14th Quarterly Periodic Labour Force Survey (PLFS) released by NSO, the Unemployment Rate (UR) for persons of 15 years & above in urban areas declined to_____ in January-March 2022 from 9.3% in January-March 2021.
Answer & ExplanationAnswer-4) 8.2%
According to the 14th Periodic Labour Force Survey (PLFS) – Quarterly Bulletin [January-March 2022] by the National Statistical Office (NSO), the Unemployment Rate (UR) for persons of 15 years and above in urban areas dipped to 8.2% in January-March 2022 from 9.3% in January-March 2021. It was 8.7% in October-December 2021.
UR or Joblessness is defined as the percentage of unemployed persons in the labour force.
UR among females also declined to 10.1% in January-March 2022 from 11.8% in January-March 2021. It was 10.5% in October-December 2021.
Among males, the UR also declined to 7.7% in January-March 2022 compared to 8.6% in January-March 2021. It was 8.3% in October-December 2021.
Labour Force Participation Rate (LFPR) in CWS (Current Weekly Status) remained 47.3% in January-March 2022 from 47.5% in January-March 2021.
Worker Population Ratio (WPR) in CWS was 43.4% in January-March 2022, compared to 43.1% in the same period January-March 2021.
- In which city did PM Narendra Modi recently (in June’22) inaugurated the underground ‘Gallery of Revolutionaries’ museum?
1) Mumbai, Maharashtra
2) Dehradun, Uttarakhand
3) Ahmedabad, Gujarat
4) New Delhi, Delhi
5) Noida, Uttar Pradesh
Answer & ExplanationAnswer-1) Mumbai, Maharashtra
Prime Minister (PM) Narendra Modi inaugurated the underground ‘Gallery of Revolutionaries’ museum at Maharashtra’s Raj Bhavan in Mumbai, Maharashtra. The gallery is dedicated to the luminaries of the freedom struggle.
i. The underground gallery is established in the subterranean network of 13 pre-World War-I British era bunkers, discovered in the Maharashtra Raj Bhavan campus in August 2016 during the tenure of then Governor C. Vidyasagar Rao.
- What is the rank of India in the world for total renewable power capacity additions in 2021, according to the Renewables Global Status Report (GSR) 2022 published by the global renewable energy community REN21?
Answer & ExplanationAnswer-2) 3rd
According to the Renewables 2022 Global Status Report (GSR 2022) published by the global renewable energy community REN21, India placed third in the world for total renewable power capacity additions in 2021, with 15.4 GW (giga watts), following only China (136 GW) and the United States (US) (43 GW).
The GSR 2022 report is the 17th in a series of annual reports that tracks global renewable energy deployment.
i. According to the report, India installed 843 MW (mega watts) of hydropower capacity in 2021, bringing the overall capacity to 45.3 GW.
ii. India was the second-largest market for new solar PV (Photovoltaic) capacity in Asia and the third-largest globally (13 GW of additions in 2021).
iii. India was ranked third globally for total installed wind power capacity (40.1 GW), behind China, the US, and Germany.
iv. For the first time, India surpassed Germany (59.2 GW) for fourth place in total installations (60.4 GW), followed by China (305.9 GW), US (121.4 GW) and Japan (78 GW).
- Which of the following points is ‘Incorrect’ with respect to the recent (in June’22) steps taken by the Reserve Bank of India (RBI)?
A) RBI approval has been given for the merger of Shriram City Union Finance (SCUF) and Shriram Capital Ltd. (SCL) with Shriram Transport Finance Company (STFC).
B) Umesh Revankar, MD-CEO of Shriram City, will serve as MD and CEO of Shriram Transport Finance Company (STFC).
C) RBI also lifted restrictions imposed on Mastercard Asia/Pacific Pte. Ltd for failing to comply with local data storage requirements.
1) Only A
2) Only B
3) Only C
4) Only A & B
5) Only B & C
Answer & ExplanationAnswer-2) Only B
The Reserve Bank of India (RBI) has approved Shriram Group’s composite scheme of arrangement and amalgamation of financial services businesses. The scheme was announced in December 2021.
i. RBI approval has been given for the merger of Shriram City Union Finance (SCUF) and Shriram Capital Ltd. (SCL) with Shriram Transport Finance Company (STFC), to form India’s largest non-banking financial company (NBFC).
ii. YS Chakravarti, MD-CEO of Shriram City, would serve as MD and CEO of Shriram Transport Finance Company (STFC) and Umesh Revankar, Executive Vice President and CEO of STFC, will serve as Vice-Chairman.
iii. The Reserve Bank of India (RBI) has lifted restrictions imposed on Mastercard Asia/Pacific Pte. Ltd, a payment gateway based in the United States (US), for failing to comply with local data storage requirements.
The restriction has been lifted with immediate effect owing to Mastercard Asia/Pacific Pte. Ltd.’s satisfactory compliance with the Storage of Payment System Data.
- Name the Small Finance Bank (SFB) that was recently (in June’22) launched a savings account for kids named ‘ENJOI’?
1) Capital SFB
2) Ujjivan SFB
3) Jana SFB
4) Equitas SFB
5) Suryoday SFB
Answer & ExplanationAnswer-4) Equitas SFB
Equitas Small Finance Bank (SFB) Limited announced the launch of an exclusive savings account for kids, ‘ENJOI’ with effect from 19th June 2022 to coincide with Father’s Day.
i. The ENJOI account holders will also have access to exclusive deals from Education – Technology (ed-techs) and online learning providers which aim to introduce young kids to the financial world and encourage them to develop the saving habit early.
ii. ENJOI will allow kids of 0-18 years to open savings accounts under the supervision of their parents and also minors aged 10 and above will get the option for a personalised debit card and the account will offer best-in-class 7 percent interest for savings balances between Rs. 5 lakh to Rs.2 crore to promote higher growth in savings.
- In June 2022, the Securities and Exchange Board of India (SEBI) formed a seven-member Building Advisory Committee to advise and assist on premises-related matters.
The seven-member committee will be headed by whom?
1) N. R. Narayan Murthy
2) Navneet Munot
3) B K Katyal
4) G Mahalingam
5) Rajesh Bhagwani
Answer & ExplanationAnswer-3) B K Katyal
Securities and Exchange Board of India (SEBI), capital markets regulator, has formed a seven-member Building Advisory Committee to advise and assist on premises-related matters like planning, acquisition and furnishing.
i. This is a seven-member committee, headed by B K Katyal, former Chief General Manager at Reserve Bank of India (RBI).
- As per the Export-Import Bank of India, India’s total merchandise exports were projected to reach ___________ in the 1st quarter (Q1) of FY23.
1) USD 117.2 billion
2) USD 100 billion
3) USD 89.2 billion
4) USD 95.5 billion
5) USD 128 billion
Answer & ExplanationAnswer-1) USD 117.2 billion
The Export-Import Bank of India (India Exim Bank) has forecasted India’s total merchandise exports to reach USD 117.2 billion, growing at 22.7% in the first quarter (Q1) of FY23. As a result, India’s overall merchandise exports will continue to cross USD 100 billion for the fourth consecutive quarter in a row. In the same quarter of FY22, total merchandise exports amounted to USD 95.5 billion.
i. India’s overall exports (Merchandise and Services combined) are estimated to reach USD 62.21 billion in May 2022, an increase of 24.03 % over May 2021.
- According to the Kantar Brandz 2022 Most Valuable Global Brands report, which of the following Indian companies are ‘Not’ in the top 100 global biggest brands?
1) Tata Consultancy Service
2) HDFC Bank
4) Life Insurance Corporation
5) Adani Group
Answer & ExplanationAnswer-5) Adani Group
As per Kantar Brandz, 2022 ‘Most Valuable Global Brands report’, 4 Indian companies namely, Tata Consultancy Service (TCS)- 46th Rank, HDFC Bank (61st Rank), Infosys (64th rank) and Life Insurance Corporation (LIC) -92nd rank were featured among the top 100 global biggest brands.
i. Apple retains its 1st position to become the first trillion-dollar brand with a brand value of USD 947.1 billion followed by Google, Amazon and Microsoft.
ii. French luxury brand,Cartier became the fastest-rising brand across all categories, growing its value by 88% to $10bn.
- In June 2022, a new species of (thick-thumbed) bamboo-dwelling bat was found in the forest of the Nongkhyllem Wildlife Sanctuary.
In which state, Nongkhyllem Wildlife Sanctuary is located?
Answer & ExplanationAnswer- 3) Meghalaya
A new species of thick-thumbed, bamboo-dwelling bat have been discovered by the Indian Zoologist Uttam Saikia in the forest of Nongkhyllem Wildlife Sanctuary in Ri Bhoi district of Meghalaya.
i. It is the first report of a thick-thumbed bat not only from India but also from South Asia that has been named Glischropus meghalayanus in honour of Megalaya’s 50th statehood year.
ii. The new species was published in the journal Zootaxa, titled ‘Out of Southeast Asia: A new species of thick-thumbed bat (Chiroptera: Vespertilionidae: Glischropus) from Meghalaya, north-eastern India’.
iii. With this new discovery, there are a total 131 bat species known from India and Meghalaya harbours the highest bat diversity with 67 species that approximates to 51% of total bat species in India. So far, this species has only been reported in a few localities in Southern China, Vietnam, Thailand and Myanmar.
- What is the theme of the World Day to Combat Desertification and Drought 2022 that was observed across the globe on 17th June 2022 by the United Nations (UN)?
1) Protect Earth. Restore Land. Engage People
2) Food. Feed. Fibre
3) Land has true value. Invest in it
4) Rising up from drought together
5) Let’s Grow the Future Together
Answer & ExplanationAnswer-4) Rising up from drought together
The United Nations(UN)’s World Day to Combat Desertification and Drought 2022 was observed across the globe on 17th June 2022 with the theme of “Rising up from drought together”.
i. The day was observed to create awareness about Drought, one of the most destructive natural disasters in terms of loss of life, arising from impacts like wide scale crop failure, wildfire and water stress.
ii. The global observance of the Desertification and Drought Day(DDD) 2022 is hosted by the Government of Spain. The events will take place in Madrid, Spain.
iii. The first ever World Day to Combat Desertification and Drought was observed on 17th June 1995.