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Current Affairs Quiz: 5 & 6 June 2022

AffairsCloud brings you the complete and important daily Current Affairs 5 & 6 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.

Our Current Affairs March 2022 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.

    1. In June 2022, the Central Government approved a ______ rate of interest on Employees’ Provident Fund (EPF) deposits for 2021-22, which is the lowest since 1977-78.
      1) 8.2%
      2) 8.0%
      3) 8.3%
      4) 8.1%
      5) 8.5%
      Answer & Explanation
      Answer-4) 8.1%
      Explanation:
      The Central Government has officially approved 8.1% rate of interest on Employees’ Provident Fund (EPF) deposits for 2021-22, which is down by 40 basis points from 8.5% provided in 2020-21.
      i. This new interest rate is the lowest since 1977-78(over four-decade low), when it stood at 8%.
      ii. This approval has been made concurrently by the Ministry of Labour and Employment (MoL&E), and the Ministry of Finance.

    2. Which of the following points are ‘correct’ with respect to the SHRESHTA scheme launched in June 2022?
      A) SHRESHTA stand for Scheme for Residential Education for Students in High Schools in Targeted Areas
      B) The Ministry of Tribal Affairs, launched the SHRESHTA to provide quality education and opportunities for the poorest Scheduled Caste (SC) and ST students.
      C) The scheme will provide free high-quality education from Class 9 to 12 to meritorious poor SC students, whose parental income is less than Rs. 2.5 lakh per annum.

      1) Only A
      2) Only B
      3) Only A & B
      4) Only A & C
      5) All A, B & C
      Answer & Explanation
      Answer- 4) Only A & C
      Explanation:
      Union Minister Dr. Virendra Kumar, Ministry of Social Justice and Empowerment (MoSJE), launched the Scheme for Residential Education for Students in High Schools in Targeted Areas (SHRESHTA) to provide quality education and opportunities for even the poorest Scheduled Caste (SC) students.
      The scheme will provide free high-quality education from Class 9 to 12 to meritorious poor SC students, whose parental income is less than Rs. 2.5 lakh per annum.
      The scholarships will be funded by GoI, which will cover the school fee (including tuition) and hostel fee (including mess charges) via Direct Benefit Transfer (DBT).
      The maximum limits for covering all expenses: 9th class – Rs. 1,00,000 per annum (p.a.) per student; 10th class – Rs. 1,10,000 p.a. per student; 11th class – Rs. 1,25,000 p.a. per student & 12th class – Rs. 1,35,000 p.a. per student.

    3. Which state/UT recently (in June’22) signed an MoU with the Indian Air Force (IAF) to set up the First-of-its-kind Indian Air Force Heritage Centre?
      1) Chhattisgarh
      2) Maharashtra
      3) Chandigarh
      4) Jammu and Kashmir
      5) Assam
      Answer & Explanation
      Answer-3) Chandigarh
      Explanation:
      Indian Air Force (IAF) signed an MoU with Chandigarh administration for setting up of a First-of-its kind Indian Air Force Heritage Centre in Union Territory of Chandigarh.
      i. Simulators, decommissioned aircraft, aero engines, and other IAF artefacts will be housed in this facility and Virtual reality and artificial intelligence will be used in the centre.

    4. Name the India’s first banking metaverse that was recently (in June’22) launched by Kiya.ai to allow the customers to transact, access banking information, and obtain various banking products virtually.
      1) Kiyameta Digital
      2) Kiyaverse
      3) Kiyameta Banking
      4) Kiya Banking
      5) Kiya Meta
      Answer & Explanation
      Answer-2) Kiyaverse
      Explanation:
      India’s first banking metaverse namely ‘Kiyaverse’ has been launched by Kiya.ai in Mumbai, Maharashtra which intends to merge use cases of real-world banking with metaverse banking through an avatar (virtual humanoid) based interactions.
      i. Kiyaverse will allow customers to transact, access banking information, and obtain various banking products virtually from the comfort of their own homes. Kiya.ai is a digital solutions provider to financial institutions and governments.
      Metaverse: It is a network of 3D virtual worlds that uses augmented reality (AR), virtual reality (VR), and blockchain, along with concepts from social media, to create spaces for user interaction mimicking the real world.
      Banking metaverse will enable banks to maximize the potential of enhanced UX (User Experience) to achieve the best results for data visualization and process and procedure gamification.

    5. Name the investment management platform that was recently (in June ’22) launched by Kotak Investment Advisors.
      1) Kotak Gold
      2) Kotak Prime
      3) Kotak Diamond
      4) Kotak Platinum
      5) Kotak Cherry
      Answer & Explanation
      Answer-5) Kotak Cherry
      Explanation:
      ‘Kotak Cherry’ – a one-stop curated open architecture investment management platform, has been introduced by Kotak Investment Advisors, a subsidiary of Kotak Mahindra Bank.
      i. Investors can choose from a diverse range of offerings other than those manufactured by Kotak group companies with assistance from Kotak Cherry. It allows customers to make investments using their existing digital broking and banking services.
      ii. The platform will offer investment options ranging from stocks, bonds, mutual funds, fixed deposits, and the National Pension Scheme (NPS) to more advanced investment options like exchange-traded funds (ETFs) and real estate through real estate investment trusts.

    6. As per the Bloomberg Billionaire Index (as of 3rd June, 2022), who became the richest man in India as well as in Asia with a net worth of USD 99.7 billion?
      1) Mukesh Ambani
      2) Azim Premji
      3) Gautam Adani
      4) Lakshmi Mittal
      5) Shiv Nadar
      Answer & Explanation
      Answer- 1) Mukesh Ambani
      Explanation:
      According to the Bloomberg Billionaire Index (as of 3rd June 2022), a daily ranking of the world’s richest people, Mukesh Ambani, Chairman and Managing Director(CMD) of Reliance Industries Limited (RIL) became the richest man in India as well as in Asia with a net worth of USD 99.7 billion, surpassing Gautam Adani, chairman and founder of the Adani Group whose net worth was at USD 98.7 billion.
      i. Mukesh Ambani was ranked as the 8th richest man in the world whereas Gautam Adani was ranked 9th on the list.
      ii. Elon Musk, Chief Executive Officer (CEO) of Tesla and SpaceX, remained the World’s richest man with a net worth of USD 227 Billion followed by Jeff Bezos(US) and Bernard Arnault (France).

    7. According to Forbes “The Real-Time Billionaires List” (as of 3rd June 2022), ______ became the World’s Richest Person with a net worth of USD 233.7 billion.
      1) Leonard Schleifer
      2) Elon Musk
      3) Jensen Huang
      4) Reed Hastings
      5) Tim Cook
      Answer & Explanation
      Answer-2) Elon Musk
      Explanation:
      According to Forbes’ “The Real-Time Billionaires List” (as of 3rd June 2022), Elon Musk retains his position as the World’s Richest Person with a net worth of USD 233.7 billion.Indians on the list:
      Mukesh Ambani has ranked 6th on the list with a total net worth of USD 104.7 Billion while Gautam Adani has ranked 9th with a total net worth of USD 99.9 billion. Mukesh Ambani and Gautam Adani are the only Indians featured on the Forbes real-time billionaire list.

    8. Mukesh Ambani has ranked 6th on the list with a total net worth of USD 104.7 Billion while Gautam Adani has ranked 9th with a total net worth of USD 99.9 billion. Mukesh Ambani and Gautam Adani are the only Indians featured on the Forbes real-time billionaire list.
      1) INS Nishank
      2) INS Akshay
      3) INS Godavari
      4) Only 1 & 2
      5) Only 2 & 3
      Answer & Explanation
      Answer-4) Only 1 & 2
      Explanation:
      The Indian Naval Ship (INS), ‘Nishank’ (K43), 4th of Veer Class Missile Corvette Killers and ‘INS Akshay’(P35), Abhay class corvette were decommissioned during a ceremony conducted at Naval Dockyard in Mumbai, Maharashtra wherein the National Flag, Naval Ensign and Decommissioning Pennant of the two ships were lowered for the last time at sunset. Both ships rendered more than 32 years of glorious service to the nation.
      i. INS Nishank, was a high speed missile craft commissioned on September 12, 1989,while INS Akshay was commissioned on December 10, 1990 at Poti, Georgia.
      ii. The Chief of Naval Staff (CNS)Admiral Radhakrishnan Hari Kumar commanded INS Nishank from 1995-96 and M.Gopinath Took over the command of INS Akshay in May 1996.

    9. Name the Bengaluru-based company that recently (in June’22) joined NASA’s PACE (Plankton, Aerosol, Cloud, Ocean Ecosystem) mission as an Early Adopter.
      1) Agnikul Cosmos
      2) Pixxel
      3) Ambee
      4) Satsure
      5) Dhruva Space
      Answer & Explanation
      Answer-3) Ambee
      Explanation:
      Datair Technology Private Limited (Ambee), a Bengaluru (Karnataka) based private firm, has joined the PACE (Plankton, Aerosol, Cloud, ocean Ecosystem) mission of National Aeronautics and Space Administration(NASA), the space agency of the United States of America(USA) as an early adopter.
      i. As a part of the PACE Mission’s Early Adopter program, Ambee will integrate valuable PACE data into its offerings.
      ii. NASA’s PACE mission, currently in the design phase of mission development, is scheduled to launch in 2024.
      iii. This will extend and improve NASA’s more than 20-year record of satellite observations of global ocean biology, aerosols (tiny particles suspended in the atmosphere), and clouds.

    10. When was the International Day of Innocent Children Victims of Aggression 2022 observed across the globe by the United Nations (UN)?
      1) 4th June 2022
      2) 2nd June 2022
      3) 5th June 2022
      4) 1st June 2022
      5) 3rd June 2022
      Answer & Explanation
      Answer- 1) 4th June 2022
      Explanation:
      The United Nations (UN) International Day of Innocent Children Victims of Aggression 2022 observed across the globe on 4th June 2022 to recognise and acknowledge the pain suffered by children across the globe, who were the victims of physical, mental and emotional abuse.
      i. The day focuses on the victims of the 1982 Lebanon War and remembers the innocent Palestinian and Lebanese children victims of Israel’s acts of aggression.
      ii. The first-ever International Day of Innocent Children Victims of Aggression was observed on 4th June 1983.





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