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Current Affairs Quiz: 29 June 2022

AffairsCloud brings you the complete and important daily Current Affairs 29 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 of the following points are ‘correct’ with respect to India’s First Set of Space Start-Ups to Launch (in June’22) Payloads into Space?
      A) The IN-SPACe has authorised Dhruva Space Private Limited & Digantara Research and Technologies Private Limited to launch their payloads into space.
      B) The first two authorized payloads for launch are Dhruva Space Satellite Orbital Deployer (DSOD 1U) and ROBust Integrating Proton Fluence Meter (ROBI).
      C) The payloads would be launched by the PSLV Orbital Experimental Module (POEM) of Polar Satellite Launch Vehicle (PSLV)-C53 (PSLV-C53) on June 30, 2022.

      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:
      The Indian Space Promotion and Authorisation Centre (IN-SPACe) headquartered at Ahmedabad in Gujarat, has authorised two Indian private firms, Dhruva Space Private Limited in Hyderabad (Telangana) and Digantara Research and Technologies Private Limited in Bengaluru (Karnataka), to launch their payloads into space.
      They are the first set of space start-ups to receive the authorization, signalling the commencement of private space sector launches in India.
      i. The first two authorized payloads for launch are Dhruva Space Satellite Orbital Deployer (DSOD 1U) from Dhruva Space and ROBust Integrating Proton Fluence Meter (ROBI),Digantara.
      ii. The payloads would be launched by the PSLV Orbital Experimental Module (POEM) of Polar Satellite Launch Vehicle (PSLV)-C53 (PSLV-C53) on June 30, 2022.
      iii. The ISRO will launch PSLV-C53, its 55th mission, from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, at 18:00 IST on June 30, 2022.
      iv. The National Remote Sensing Centre (NRSC), an ISRO organisation, has organized a free three-day training course on the utilization of “Bhuvan” portal scheduled on July 12–14, 2022.

    2. Which Non-Banking Financial Company (NBFC) recently (in June’22) received the approval for the issuance of semi-closed Prepaid Payment Instruments (PPIs) from RBI?
      1) Rajath Finance Limited
      2) Mufin Finance Limited
      3) Galada Finance limited
      4) Berar Finance Limited
      5) Sundaram Finance Limited
      Answer & Explanation
      Answer-2) Mufin Finance Limited
      Explanation:
      The Reserve Bank of India (RBI) has granted Mufin Finance Limited, a leading Non-Banking Financial Company (NBFC), in-principal approval for the issuance of semi-closed Prepaid Payment Instruments (PPIs).
      i. Mufin Finance Ltd is a subsidiary of Hindon Mercantile Limited, an NBFC. Mufin Finance is the fourth NBFC to get such a licence from the RBI, following Bajaj Finserv, Manapurram, and Paul Merchants.
      ii. Mufin Finance aims to use this licence to launch MufinPay, a digital payment solution that will complement its lending operations. With this, the NBFC would offer semi-closed PPIs to customers in India.
      iii. A semi-closed PPI licence enables digital banks, fintech (financial technology) companies, and major consumer-facing applications to introduce features like digital payment solutions for lending.

    3. Name the organisation that recently (in June’22) approved the USD 250 million for “India State Support Program for Road Safety”.
      1) Asian Development Bank
      2) United Nations Development Programme
      3) International Monetary Fund
      4) United Nations Human Settlement Programme
      5) World Bank
      Answer & Explanation
      Answer-5) World Bank
      Explanation:
      The Board of Executive Directors of the World Bank has approved the financing of USD 250 million to support the “India State Support Program for Road Safety”, a project by the Indian government to improve road safety.
      i. The project will be implemented in seven States: Andhra Pradesh, Gujarat, Odisha, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal. The USD 250 million variable spread loan from the International Bank for Reconstruction and Development (IBRD) has an 18 years maturity period with a grace period of 5.5 years.
      Key Statistics on Road Accidents in India
      According to a World Bank study, road accidents cost the Indian economy between 5% and 7% of its GDP every year. More than half of the victims are motorcyclists, cyclists, or pedestrians, while road users between the ages of 18 and 60 years make up over 84 % of all fatalities.

    4. Which company recently (in June’22) partnered with Protean eGov Technologies to offer Paperless Permanent Account Number (PAN) Services?
      1) Paytm
      2) BharatPe
      3) PayNearby
      4) Razorpay
      5) Pine Labs
      Answer & Explanation
      Answer-3) PayNearby
      Explanation:
      Protean eGov Technologies Limited(Protean), formerly NSDL e-Governance Infrastructure Ltd, has announced a strategic partnership with PayNearby (Nearby Technologies Private Limited) to offer Paperless Permanent Account Number (PAN) related services through Aadhaar and biometric or SMS-based One Time Password(OTP) authentication for their customer.
      i. This partnership aims to improve service delivery for the citizens as they enter the formal financial sector and will facilitate quick and easy access to online PAN services(paperless) and eliminate the submission of physical applications and supporting documents.

    5. In June 2022, the Indian Space Research Organisation (ISRO) received the crew module fairing (CMF) from Alpha Design Technology Limited’s (ADTL).
      The ADTL is located in which city?

      1) Ahmedabad, Gujarat
      2) Pune, Maharashtra
      3) Noida, Uttar Pradesh
      4) Bengaluru, Karnataka
      5) Chennai, Tamil Nadu
      Answer & Explanation
      Answer-4) Bengaluru, Karnataka
      Explanation:
      The Indian Space Research Organisation’s (ISRO), Vikram Sarabhai Space Centre (VSSC) has received the crew module fairing (CMF), a critical structure that will protect the Gaganyaan module carrying the astronauts during launch, from a Alpha Design Technology Limited’s (ADTL), Bengaluru, Karnataka.
      i. The CMF was manufactured by Alpha Design Technology Limited’s (ADTL), a fully owned subsidiary of Alpha Tocol Engineering Services at Peenya,industrial area of the Bengaluru city. Whereas, the design and specifications of CMF are from ISRO.
      ii. ADTL is also working on ISRO’s other projects that includes big and small satellites, ground stations in Bhutan, Andaman and Nicobar, northeast India and on launchers such as Polar Satellite Launch Vehicle (PSLV) and GeoSynchronous Launch Vehicle (GSLV).

    6. The chairman of the Shapoorji Pallonji group, Pallonji Shapoorji Mistry, passed away recently (in June’2022). In which year did he receive the Padma Bhushan in the field of trade and industry?
      1) 2014
      2) 2016
      3) 2018
      4) 2015
      5) 2017
      Answer & Explanation
      Answer- 2) 2016
      Explanation:
      An Indian-born Irish billionaire Pallonji Shapoorji Mistry (nicknamed -“Phantom of Bombay House”), a 93-year-old industrialist and chairman of Shapoorji Pallonji group passed away in Mumbai, Maharashtra.
      i. According to the Bloomberg Billionaires Index, he accumulated a net worth of almost USD 29 billion by being the largest minority shareholder with 18.4% stake in Tata Sons.
      ii. He was awarded the Padma Bhushan in 2016 for his contributions in the field of trade and industry.
      iii. A short biography of Mistry titled The Moguls of Real Estate was written by Manoj Namburu.

    7. When was the National Insurance Awareness Day 2022 observed?
      1) 24th June 2022
      2) 27th June 2022
      3) 25th June 2022
      4) 28th June 2022
      5) 26th June 2022
      Answer & Explanation
      Answer- 4) 28th June 2022
      Explanation:
      National Insurance Awareness Day 2022 was observed on 28th June 2022 to create awareness about Insurance which offers security in several situations and to make people aware of the benefits of investing in insurance plans.
      i. With the establishment of Oriental Life Insurance Company in Calcutta in 1818, India witnessed the emergence of the life insurance business.
      ii. The Government of India (GoI) started publishing returns of Insurance Companies in India in 1914.
      iii. The Indian Life Assurance Companies Act, 1912 was enacted as the first statute to regulate the life insurance business.

    8. Name the state government that recently (in June’22) launched the ‘Kashi Yatra’ Scheme for Pilgrims.
      1) Jharkhand
      2) Gujarat
      3) Karnataka
      4) Kerala
      5) Andhra Pradesh
      Answer & Explanation
      Answer- 3) Karnataka
      Explanation:
      Karnataka government launched ‘Kashi Yatra’ with a project outlay of Rs. 7 crore. The project provides Rs 5,000 cash assistance to each of the 30,000 pilgrims, who are willing to take up a pilgrimage to Kashi Vishwanath Temple in Varanasi, Uttar Pradesh (UP).
      i. According to Shashikala Jolle, Minister for Religious Endowment, Hajj and Wakf, the fund was sanctioned for the scheme under the accounts head of ‘Assistance to Manasa Sarovara Pilgrims’.
      ii. Pilgrims who are willing to avail the benefit must be the native of Karnataka and have to furnish the proof of domicile of origin of Karnataka with either of the documents including voter ID, Aadhaar Card or ration card. The applicants should be above 18 years and must provide a valid age proof.

    9. Which state’s Chamber of Commerce, Industry, and Agriculture recently (in June ’22) partnered with the BSE Limited to Create Awareness on Small and Medium Enterprises (SME) Listing?
      1) Tamil Nadu
      2) Telangana
      3) Andhra Pradesh
      4) Gujarat
      5) Maharashtra
      Answer & Explanation
      Answer- 5) Maharashtra
      Explanation:
      BSE Limited, a leading stock exchange, collaborated with the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) to promote and create awareness in Maharashtra on the benefits of Small and Medium Enterprises (SME) listing.
      i. BSE will provide technical and manpower support to SME enterprises that are registered with MACCIA to get listed on the BSE SME platform.
      ii. The BSE SME will provide training and capacity-building programmes to MACCIA officials, with a nodal person to be appointed as a single point contact in Maharashtra.

    10. Name the organisation/Ministry that was recently (in June’22) launched India’s Booming Gig and Platform Economy- Perspectives and Recommendations on the Future of Work report.
      1) Ministry of Corporate Affairs
      2) Reserve Bank of India
      3) Ministry of Finance
      4) NITI Aayog
      5) Securities and Exchange Board of India
      Answer & Explanation
      Answer-4) NITI Aayog
      Explanation:
      NITI (National Institution for Transforming India) Aayog’s report titled ‘India’s Booming Gig and Platform Economy- Perspectives and Recommendations on the Future of Work’ was launched by its Vice Chairman Suman Bery, CEO Amitabh Kant and Special Secretary Dr. K Rajeswara Rao. It is a first-of-its-kind study that presents comprehensive perspectives and recommendations on the Indian gig–platform economy.
      i. Gig Economy/Sector is a labour market in which instead of a traditional, in-office, full-time job with a single company, gig workers work as short-term, temporary/freelance, or independent contractors for one or a variety of employers.
      ii. In 2020–21, 77 lakh (7.7 million) workers were engaged in the gig economy which constituted 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India.
      iii. At present, about 47% of the gig work is in medium skilled jobs, about 22% in high skilled, and about 31% in low skilled jobs.





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