AffairsCloud brings you the complete and important daily Current Affairs 6 May 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 May 2021
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- India’s 1st supply of UCO (Used Cooking Oil) based Biodiesel blended Diesel was made by IndianOil in ___________, to achieve India’s target of blending __________ Biodiesel in Diesel by 2030.
1) Chandigarh, 5%
2) Delhi, 5%
3) Delhi, 10%
4) Gujarat, 20%
5) Chandigarh, 20%Answer-2) Delhi, 5%
Explanation:
Union Minister for Petroleum & Natural Gas Dharmendra Pradhan virtually flagged off the 1st supply of UCO (Used Cooking Oil) based Biodiesel blended Diesel from IndianOil’s Tikrikalan Terminal, Delhi.
i.India has set a target to achieve 5% blending of Biodiesel in Diesel by 2030.
ii.India has set a target of 10% (10% of ethanol mixed with 90% of petrol) blending by 2022 and 20% blending by 2025. - Prime Minister Narendra Modi & Boris Johnson participated in the India-UK Virtual Summit 2021
Identify the key initiatives that were taken during the summit:
A) India-UK adopted ‘Roadmap 2030’ for elevating relations towards ‘Comprehensive Strategic Partnership’
B) UK has allocated 1 Billion British Pound Sterling for cooperation with India in Environment Protection & Biodiversity Conservation
C) Hindustan Aeronautics Limited will establish packaging, installation, marketing and services support for Rolls-Royce
1) Only B & C
2) Only A & C
3) All A, B & C
4) Only A
5) Only A & BAnswer-2) Only A & C
Explanation:
The India-UK Virtual Summit 2021 between Indian Prime Minister Narendra Modi & Prime Minister of United Kingdom Boris Johnson took place on 4th May 2021.
i.India & UK have adopted ‘Roadmap 2030’ for elevating relations between the two countries to ‘Comprehensive Strategic Partnership’.
ii.UK finalised new deals/trade worth 1 Billion British Pound Sterling (GBP) to create 6,500 jobs in the UK.
iii.An MoU on India-UK Migration and Mobility Partnership (MMP) was signed to provide employment opportunities in the UK for 2-years for upto 3000 Indian professionals.
iv.Hindustan Aeronautics Limited (HAL) signed an MoU with Rolls-Royce to establish packaging, installation, marketing and services support for Rolls-Royce MT30 Marine engines in India. - Under Significant Economic Presence (SEP) principle, _______________ announced a digital transaction revenue threshold of _________ and a limit of 3 lakh users for Non-Resident Technology firms to pay tax to Indian Government.
1) Ministry of Corporate Affairs, Rs. 2 crores
2) Central Board of Indirect Tax, Rs. 10 crores
3) Central Board of Direct Tax, Rs. 2 crores
4) Central Board of Indirect Tax, Rs. 20 crores
5) Ministry of Corporate Affairs, Rs. 20 croresAnswer-3) Central Board of Direct Tax, Rs. 2 crores
Explanation:
The Central Board of Direct Taxes (CBDT) notified Digital Tax Threshold revenue of Rs. 2 crores & a limit of 3 lakh users for Non-Resident Technology firms like Google, Facebook, Netflix to pay tax in India.
i.Non-Resident technology companies are covered under the double taxation avoidance agreement for tax exemption in India.
ii.Any company whose revenue or user limit exceeds the threshold shall pay tax to Indian Govt. under Significant Economic Presence (SEP) principle. - Which Ministry (in May’21) announced to set-up Pressure Swing Adsorption (PSA) medical oxygen plants at 581 sites in various states?
1) Ministry of Road Transport and Highways
2) Ministry of New and Renewable Energy
3) Ministry of Health and Family Welfare
4) Ministry of Railways
5) Ministry of Chemicals and FertilizersAnswer-1) Ministry of Road Transport and Highways
Explanation:
Due to the shortage of medical oxygen in many state hospitals, Union Minister of Road, Transport and Highways Nitin Gadkari announced the installation of Pressure Swing Adsorption (PSA) medical oxygen plants at 581 sites in various states.
i.The National Highways Authority of India (NHAI), will act as the nodal agency for executing civil and electrical work of the medical oxygen plants. - Where is the Central Farm Machinery Training and Testing Institute that successfully tested India’s 1st-ever electric tractor?
1) Karnal, Haryana
2) Palampur, Himachal Pradesh
3) Coimbatore, Tamil Nadu
4) Budni, Madhya Pradesh
5) Bidar, KarnatakaAnswer-4) Budni, Madhya Pradesh
Explanation:
India’s 1st-ever electric tractor was successfully tested at the Central Farm Machinery Training and Testing Institute at Budni, Madhya Pradesh. - What is RBI’s revised maximum Overdraft duration on Quarterly basis for State Government’s, as of May 2021?
1) 21 days
2) 14 days
3) 50 days
4) 36 days
5) 45 daysAnswer-3) 50 days
Explanation:
To support State Governments to manage their fiscal situation, RBI has increased the maximum number of days of the OverDraft (OD) facility in a quarter from 36 to 50 days and the number of consecutive days of OD from 14 to 21 days. - Globally, LIC is the ______ most Valuable Insurance Brand & ______ Strongest brand as per the “Insurance 100 2021” report.
1) 10th, 3rd
2) 2nd, 5th
3) 8th, 2nd
4) 12th, 3rd
5) 10th, 5thAnswer- 1) 10th, 3rd
Explanation:
Brand Finance, a London-based brand valuation consultancy firm in its annual report on the most valuable and strongest insurance brands – “Insurance 100 2021”, reported the Life Insurance Corporation (LIC) as the 3rd strongest and the 10th most valuable insurance brand globally. - What are the points that are correct with respect to the Chief Ministership of Mamata Banerjee in West Bengal?
A) For the 3rd Consecutive Term, Mamata becomes the CM of West Bengal even after losing in her constituency
B) She needs to get elected into the legislative council within 3-months
C) Chief Ministers & the Council of Ministers were appointed by the Governor under the provisions of Article 164
1) Only B & C
2) Only A & C
3) All A, B & C
4) Only A
5) Only A & BAnswer-2) Only A & C
Explanation:
On May 5, 2021, Mamata Banerjee who belongs to the party of Trinamool Congress (TMC) took oath as the Chief Minister (CM) of West Bengal for 3rd Consecutive Term (2011-2016, 2016-21).
i.Mamata Banerjee took oath as CM, even though she was defeated in her constituency of Nandigram.
ii.To retain her CM post, she needs to either win a bypoll or get elected to the Legislative Council within 6 months to retain the position.
iii.Article 164 of the Indian constitution deals with appointment of Chief Ministers and other ministers by the Governor. - Which organisation partnered with Indian Govt. to launch ‘Vaccine Finder Tool’ in its mobile application?
1) Byju’s
2) Amazon
3) Facebook
4) Flipkart
5) PaytmAnswer-3) Facebook
Explanation:
Facebook partnered with the Government of India to launch the Vaccine Finder Tool on the Facebook Mobile app in India. The app available in 17 languages, will enable the public to locate the nearby place to get vaccinated. - Which country developed the lightest form of Uranium isotope called Uranium-214?
1) Israel
2) Iran
3) USA
4) China
5) IndiaAnswer-4) China
Explanation:
Scientists have created the new uranium isotope called Uranium-214, the lightest form of Uranium, at the Heavy Ion Research Facility in Lanzhou, China.
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