AffairsCloud brings you the complete and important daily Current Affairs Quiz 31 July 2022 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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- Which of the following companies recently (in July’22) signed the program agreement under the Production Linked Incentives (PLI) scheme to build a total of 50 Gwh Advanced Chemistry Cell (ACC) battery storage?
1) Reliance New Energy Limited
2) Ola Electric Mobility
3) Rajesh Exports
4) Both 1 & 2
5) All A, B & C
Answer & Explanation
Answer-5) All A, B & C
Explanation:
Reliance New Energy Limited, Ola Electric Mobility and Rajesh Exports, Indian Multinational Gold Retailer signed the program agreement under Production Linked Incentives (PLI) scheme to build a total of 50 gigawatt hours (Gwh) Advanced Chemistry Cell (ACC) battery storage.
i. The companies will receive incentives under India’s 18,100 crore (USD 2.3 billion) government incentive program.
ii. The implementation is taken care of by the Ministry of Heavy Industries & Public Enterprises (MoHI&PI).
- The Indian Air Force (IAF) recently (in July’22) planned to phase out four MiG-21 fighter squadrons by which year?
1) 2027
2) 2023
3) 2026
4) 2025
5) 2024
Answer & Explanation
Answer- 4) 2025
Explanation:
The Indian Air Force (IAF) has planned to phase out four MiG-21 fighter squadrons by 2025. At present, the IAF has around 70 – MiG-21 aircraft and 50 MiG-29 variants. The IAF has also planned to phase out the 3 squadrons of MiG-29 fighter jets in the next 5 years.
i. One of the MiG-21 fighter squadrons, Sri Nagar-based No 51 Squadron (also known as “Sword Arms,”), is set to retire from service in September 2022. The squadron will be number plated on 30th September 2022. (number plating refers to the retirement of a squadron which comprises 17 to 20 aircraft)
ii. The other 3 squadrons at Uttarlai, Suratgarh and Nal in Rajasthan will subsequently retire by 2025.
- The Ministry of Fisheries, Animal Husbandry and Dairying recently (in July’22) launched the Minister’s dashboard for Animal Husbandry and Dairying in New Delhi, Delhi.
Who is the current (as of July’22) Union Minister of Fisheries, Animal Husbandry and Dairying (FAHD)?
1) Narendra Singh Tomar
2) Dharmendra Pradhan
3) Parshottam Rupala
4) Hardeep Singh Puri
5) Sarbananda Sonowal
Answer & Explanation
Answer- 3) Parshottam Rupala
Explanation:
Union Minister of Fisheries, Animal Husbandry and Dairying (FAHD), Parshottam Rupala launched the Minister’s dashboard for Animal Husbandry and Dairying in New Delhi, Delhi.
i. The Minister’s Dashboard for schemes of the Department of Animal Husbandry helps in monitoring, and reporting real-time scheme data, and in analyzing the schemes’ key performance indicators and parameters through a visual matrix.
ii. It is equipped with the ability to track the status of individual scheme components, both at a national and state level schemes.
- In July 2022, the World Health Organization (WHO) declared the monkeypox outbreak as a PHEIC.
In PHEIC, what does ‘C’ stands for?
1) Common
2) Chronic
3) Community
4) Centre
5) Concern
Answer & Explanation
Answer- 5) Concern
Explanation:
The World Health Organization (WHO) declared the global monkeypox outbreak a ‘Public Health Emergency of International Concern’ (PHEIC), one step below that of a ‘pandemic.’ Majority of the cases are being reported in European and African regions.
i. The virus already has spread in more than 70 countries, including a few registered cases in India.
ii. According to the WHO, a PHEIC is an extraordinary event, which constitutes a public health risk to other States through the international spread, and which potentially requires a coordinated international response.
iii. The decision was passed by the WHO’s International Health Regulations Emergency Committee (IHREC) which held the discussion on the monkeypox outbreak in several countries.
- Which of the following Co-operative Urban Bank was recently (in July’22) received restrictions by the Reserve Bank of India (RBI) in view of their deteriorating financial condition?
1) Durga Co-operative Urban Bank
2) Jaiprakash Narayan Nagari Sahakari Bank
3) Karmala Urban Co-operative Bank
4) Only 1 & 2
5) All 1, 2 & 3
Answer & Explanation
Answer- 5) All 1, 2 & 3
Explanation:
The Reserve Bank of India (RBI) has imposed restrictions on three urban co-operative banks (UCBs) including Durga Co-operative Urban Bank, Jaiprakash Narayan Nagari Sahakari Bank and Karmala Urban Co-operative Bank in view of their deteriorating financial condition
i. The restrictions imposed on the three banks under the Banking Regulation Act, 1949 the Reserve Bank would remain in force for six months and are subject to review.
Durga Co-operative Urban Bank, Vijayawada, Andhra Pradesh- Depositors withdrawal limit must not exceed Rs. 1.50 lakh of the total balance across all savings bank or current accounts or any other account, subject to RBIs direction.
Jaiprakash Narayan Nagari Sahakari Bank, Basmatnagar, Maharashtra- The customers cannot withdraw amounts due to the bank’s liquidity position but are allowed to set off loans against deposits subject to RBIs direction.
The Karmala Urban Co-operative Bank, Solapur, Maharashtra- Depositors will be allowed to withdraw not more than Rs. 10,000 of the total balance across all savings bank or current accounts or any other account, subject to RBIs direction.
- Name the company that recently (in July 22) partnered with the Boston Consulting Group (BCG) from the United States (US) to reduce its carbon emission by 42% by 20-29-30.
1) Steel Authority of India
2) JSW Steel
3) Hindalco Industries
4) Tata Steel
5) Vedanta Limited
Answer & Explanation
Answer-2) JSW Steel
Explanation:
JSW Steel has partnered with the United States (US)-based Boston Consulting Group (BCG) to meet its decarbonisation goals – to reduce its carbon emission by 42% by 2029-30 versus the base year 2005.
i. The collaboration focuses on applying digital and analytics to track, measure, simulate and enhance JSW Steel’s environmental performance.
ii. Globally, the iron and steel industry accounts for ~8% of total Carbon dioxide (CO2) but in India, the industry contributes ~12% to the total CO2 emissions.
- Who was recently (on July 22) appointed as an additional Director (Independent) on the board of Life Insurance Corporation of India-Housing Finance Limited (LIC HFL)?
1) Rajesh Kumar
2) Soma Sankara Prasad
3) Ishraq Ali Khan
4) Ravi Kishan Takkar
5) Sanjay Kumar
Answer & Explanation
Answer- 4) Ravi Kishan Takkar
Explanation:
The Board of Directors of LIC (Life Insurance Corporation of India) Housing Finance Limited (LIC HFL) has approved the appointment of Ravi Kishan Takkar, former Managing Director(MD) and Chief Executive Officer(CEO) of UCO Bank, an additional Director (Independent) on the LIC HFL’s Board.
i. He will hold the office up to the 33rd Annual General Meeting of LIC HFL and upon the regularisation of his appointment by the members of the board, he will hold the office as Independent Director for 5 years effective from the date of appointment (25th July 2022).
- In July 2022, the Housing Development Finance Corporation Limited (HDFC) will acquire its venture capital subsidiary HDFC Venture Capital Limited (HVCL) by buying shares of a 19.5% stake from which bank?
1) YES Bank
2) State Bank of India
3) Punjab National Bank
4) Axis Bank
5) ICICI Bank
Answer & Explanation
Answer-2) State Bank of India
Explanation:
The Housing Development Finance Corporation Limited (HDFC) will acquire its venture capital subsidiary HVCL (HDFC Venture Capital Limited) by buying out the State Bank of India (SBI)’s 19.5% stake in the company.
i. Currently HDFC holds 80.50 % equity share capital of HVCL and the remaining 19.50 % shares are held by SBI.
ii. After the proposed acquisition of shares, HVCL would become a wholly-owned subsidiary of HDFC.
- What is the theme of World Day Against Trafficking in Persons 2022 that was observed across the globe by the United Nations (UN) on 30th July 2022?
1) Use and abuse of technology
2) Human Trafficking: Call Your Government to Action
3) Working on the Frontline to End Human Trafficking
4) Victims’ Voices Lead the Way
5) Committed to the Cause
Answer & Explanation
Answer- 1) Use and abuse of technology
Explanation:
The United Nations(UN)’s World Day Against Trafficking in Persons 2022 was observed across the globe on 30th July 2022 to create awareness about the state of victims of human trafficking and for the promotion and protection of their rights.
i. The theme of World Day Against Trafficking in Persons 2022 is “Use and abuse of technology”.
ii. The first-ever World Day Against Trafficking in Persons was observed on 30th July 2014.
iii. The Blue Heart Campaign supports the victims of Human Trafficking through the UN Voluntary Trust Fund (UNVTF).
- When was the Earth Overshoot Day 2022 observed across the globe?
1) 26th July 2022
2) 24th July 2022
3) 27th July 2022
4) 25th July 2022
5) 28th July 2022
Answer & Explanation
Answer-5) 28th July 2022
Explanation:
Earth Overshoot Day is the day of the year on which humanity’s demand on nature exceeds the Earth’s annual biological capacity to regenerate. In 2022, Earth Overshoot Day falls on July 28th, meaning that between January 1st and July 28th, humanity’s demand for biological regeneration is equivalent to the planet’s entire annual regeneration.
i. Earth Overshoot Day is hosted and calculated by Global Footprint Network
ii. The Earth Overshoot Day is an initiative of Global Footprint Network, an international research organization. The concept of Earth Overshoot Day was conceived by Andrew Simms of the United Kingdom (UK)’s think tank New Economics Foundation.
- Which of the following companies recently (in July’22) signed the program agreement under the Production Linked Incentives (PLI) scheme to build a total of 50 Gwh Advanced Chemistry Cell (ACC) battery storage?
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