Current Affairs Quiz: 6 & 7 June 2021

AffairsCloud brings you the complete and important daily Current Affairs 6 & 7 June 2021 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 2021 updates.

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Top 10 Questions Based on Current Affairs 6 & 7 June 2021

Remaining questions are available in CareersCloud APP, Course Name – Crack Current Affairs 2021 – Click Here to Download the APP

  1. In June 2021, the Defence Acquisition Council gave approval for the construction of Submarines & modernisation of Indian Army’s defence equipment.
    Identify the points that are correctly related to the approvals made.
    A) 6 Conventional Submarines with Air Independent Propulsion System will be indigenously developed under Project P75(I) will be constructed
    B) Air Independent Propulsion System will reduce the frequency of Oxygen needed in the engine during deep-sea operations
    C) Under Project 75 (I), AIP technology are being developed by DRDO
    1) Only A & B
    2) All A, B & C
    3) Only B & C
    4) Only A
    5) Only A & C
    Answer & Explanation
    Answer-2) All A, B & C
    Explanation:
    Defence Acquisition Council (DAC) approved the construction of 6 Conventional Submarines under Strategic Partnership (SP) Model at a cost of Rs. 43,000 crores and allocated Project 75 (I) for modernisation of Indian Army’s Air Defence Guns and Ammunition.
    i.6 Conventional Submarines with state-of-art Air Independent Propulsion System will be indigenously developed under Project P75(I) through SP Model.
    ii.The Air Independent Propulsion System will reduce the frequency of Oxygen needed in the engine, making the submarine eligible for deep-sea operations.
    iii.For the 1st time, Indian companies are planning to manufacture Air Defence Guns and Ammunition of Indian army
    iv.Under Project 75 (I), AIP technology are being developed by DRDO

  2. Which Ministry launched the Seniorcare Aging Growth Engine (SAGE) portal to cater the urgent needs of elderly people?
    1) Ministry of Statistics and Programme Implementation
    2) Ministry of Minority Affairs
    3) Ministry of Law and Justice
    4) Ministry of Social Justice and Empowerment
    5) Ministry of Personnel, Public Grievances and Pensions
    Answer & Explanation
    Answer-4) Ministry of Social Justice and Empowerment
    Explanation:
    Ministry of Social Justice and Empowerment Minister, Thaawarchand Gehlot virtually launched Seniorcare Aging Growth Engine (SAGE) initiative & portal to help old aged people.
    i.SAGE Portal – This is the one stop access where elderly people can access all their essential needs.

  3. Which company signed an MoU (in June’21) with the Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE) for implementing clean energy solutions in the Refrigerators sector?
    1) Power Finance Corporation Limited
    2) National Thermal Power Corporation Limited
    3) Power Grid Corporation of India Limited
    4) Energy Efficiency Services Limited
    5) Torrent Power Limited
    Answer & Explanation
    Answer-4) Energy Efficiency Services Limited
    Explanation:
    Energy Efficiency Services Ltd (EESL), a joint venture under the Ministry of Power has signed an MoU with the Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE) for a strategic partnership to implement energy-efficient and clean energy solution in the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) industry.

  4. Which Organisation released the “Scientific review of the impact of climate change on plant pests” report, that estimates 40% of global crops being damaged by pests?
    1) Food and Agriculture Organisation
    2) World Economic Forum
    3) United Nations Environment Programme
    4) World Food Programme
    5) United Nations Development Programme
    Answer & Explanation
    Answer-1) Food and Agriculture Organisation
    Explanation:
    According to the “Scientific review of the impact of climate change on plant pests” report of the Food and Agriculture Organisation (FAO), globally around 40% of agricultural produce is damaged due to invasive pests every year.

  5. To avoid Biodiversity loss, 1 billion hectares of degraded land should be restored by ________, according to the “Becoming #GenerationRestoration Ecosystem Restoration for People, Nature & Climate” report released by FAO along with _________________.
    1) 2040; UNDP
    2) 2030; UNEP
    3) 2050; UNEP
    4) 2050; UNDP
    5) 2030; UNDP
    Answer & Explanation
    Answer- 2) 2030; UNEP
    Explanation:
    Food and Agriculture Organization (FAO) and UN Environment Programme’s (UNEP) has released a report titled, “Becoming #GenerationRestoration Ecosystem Restoration for People, Nature & Climate”. The report states, to avoid biodiversity loss, land equivalent to size of china or one billion hectares of degraded land should be restored by 2030

  6. Tsinghua University from _________ topped the 2021 Times Higher Education(THE) Asia university rankings, while _________ was the highest ranked among Indian Universities.
    1) Singapore; IIT Ropar
    2) China; IISc Bangalore
    3) Singapore; IIT Madras
    4) China; IIT Ropar
    5) Singapore; IISc Bangalore
    Answer & Explanation
    Answer-2) China; IISc Bangalore
    Explanation:
    In the 2021 Times Higher Education(THE) Asia university rankings, IISc Bangalore (37th), IIT Ropar (55th) and IIT Indore (78th) have secured ranks among the top 100 universities in Asia.18 Indian universities have made it to the top 200 Rankings.
    While the ranking was topped by China’s Tsinghua University.

  7. In June 2021, SEBI increased the Overseas Investment Limit for Mutual Funds (MF) companies. What is the Maximum investment limit for overseas investment for a MF Company?
    1) USD 600 million
    2) USD 7 billion
    3) USD 700 million
    4) USD 300 million
    5) USD 1 billion
    Answer & Explanation
    Answer-5) USD 1 billion
    Explanation:
    SEBI enhanced the overseas investment limit for a mutual fund(MF) house to USD 1 billion from the existing USD 600 million. The overall MF industry limit for investing overseas remained unchanged at USD 7 billion.
    SEBI also increased the overseas investments limit per MF in Exchange Traded Fund (ETFs) to a maximum of USD 300 million from USD 200 million. The overall industry limit was unchanged to USD 1 billion.

  8. What are the initiatives that are correctly related to the initiatives taken in the RBI 2nd Bi-monthly monetary policy for FY22?
    A) India’s Real Inflation/CPI inflation is projected to be at 5.1% for FY22
    B) RBI opened a separate liquidity window of Rs 15,000 crore for Contact-intensive Sectors like hotels and restaurants
    C) An additional special liquidity fund of Rs. 16,000 was allocated to EXIM Bank to refinance Indian exporters affected in pandemic
    1) Only A & B
    2) All A, B & C
    3) Only B & C
    4) Only A
    5) Only A & C
    Answer & Explanation
    Answer-1) Only A & B
    Explanation:
    RBI released its 2nd bi-monthly monetary policy statement for FY22
    i.India’s real gross domestic product (GDP) growth for FY22 at 9.5%
    ii.Consumer Price Index (CPI) inflation/Retail inflation for FY22 was projected at 5.1%
    iii.RBI opened a separate liquidity window of Rs 15,000 crore with tenure of up to 3 years at the repo rate till March 31, 2022 – for certain Contact-intensive Sectors like hotels and restaurants.
    iv.RBI set to provide additional special liquidity facility(SLF) of Rs 16,000 crore to Small Industries Development Bank of India (SIDBI) at repo rate for 1 year to on-lend/refinance micro, small and medium enterprises’ (MSMEs)

  9. What are the initiatives that are correctly related to the initiatives taken in the RBI 2nd Bi-monthly monetary policy for FY22?
    A) SEBI was made the only institution to place margins on behalf of Foreign Portfolio Investors (FPIs) for their transactions in Government Securities (G-Sec)
    B) RBI made the bulk payment system under the National Automated Clearing House (NACH) available 24X7 from 1 August 2021
    C) RBI issued The Master Direction on Certificate of Deposit(CD), taking the minimum denomination of CDs to Rs. 10 lakh
    1) Only A & B
    2) Only B
    3) Only B & C
    4) Only A
    5) Only A & C
    Answer & Explanation
    Answer-2) Only B
    Explanation:
    RBI released its 2nd bi-monthly monetary policy statement for FY22
    i.To ease the operational constraints faced by Foreign Portfolio Investors (FPIs) and promote ease of doing business, RBI has decided to permit Authorised Dealer banks to place margins on behalf of their FPI clients for their transactions in G-Secs
    ii.RBI made the bulk payment system under the National Automated Clearing House (NACH) to be available on all days of the week (24X7) from 1 August 2021.
    iii.RBI issued The Master Direction on RBI (Certificate of Deposit(CD)) Directions, 2021
    CD is a negotiable, unsecured money market instrument issued by a bank as a Usance Promissory Note against funds deposited at the bank
    CDs shall be issued in a minimum denomination of Rs 5 lakh

  10. Which organisation (in June’21) signed a $2.5 million Project Readiness Financing(PRF) Agreement for Road upgradation projects in Sikkim?
    1) New Development Bank
    2) International Bank for Reconstruction and Development
    3) International Monetary Fund
    4) Asian Development Bank
    5) International Finance Corporation
    Answer & Explanation
    Answer-4) Asian Development Bank
    Explanation:
    Asian Development Bank (ADB) and the Government of India has signed a $2.5 million(~Rs 18.28 crore) project readiness financing (PRF) loan to support preparation and design activities to upgrade major district roads in Sikkim.
    About Asian Development Bank (ADB):
    President– Masatsugu Asakawa
    Established in– 1966
    Headquarters– Manila, Philippines





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