Current Affairs Quiz : June 03 2021

1.

With reference to Covid, what are ‘Kappa’ and ‘Delta’?

   A.) New Measure of Covid spread rate
   B.) New Labels for Covid variants
   C.) New Global vaccine initiatives
   D.) New category in Covid positivity rate

Answer: Option 'B'

New Labels for Covid variants

The World Health Organization (WHO) has announced new labels, using Greek alphabets, for various variants of the coronavirus disease (Covid-19). As per the WHO, Covid variant first found in India (B1.617.2) will be referred to as Delta, while earlier found variant in the country (B.1.617.1) will be known as Kappa.

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2.

When was One Nation, One Standard scheme launched?

   A.) 2018
   B.) 2019
   C.) 2017
   D.) 2020

Answer: Option 'B'

2019

The objective of the government's 'One Nation, One Standard' scheme, launched in 2019, is to ensure there is a synergy and no overlap in the standardisation work in the country, thereby building a 'Brand India' identity in the long run.

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3.

Which of the following is not a method to calculate the Gross Domestic Product (GDP)?

   A.) Diminishing cost
   B.) Income law
   C.) Product method
   D.) Expenditure method

Answer: Option 'A'

Diminishing cost

There are 3 methods used for calculating national income namely; Income method, expenditure method, and Product method. The diminishing cost method is not a method to calculate national income.

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4.

Which country is the fourth-largest economy in the world in terms of nominal GDP?

   A.) Britain
   B.) Japan
   C.) Germany
   D.) Russia

Answer: Option 'C'

Germany

Germany is the fourth-largest economy in the world based on nominal GDP. size of the German economy is $ 3.86 trillion.

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5.

Which of the following markets are independently regulated by Forward Market Commission?

   A.) Mutual Funds
   B.) Commodity Futures Market
   C.) Foreign Exchange Markets
   D.) Stock Market

Answer: Option 'B'

Commodity Futures Market

Commodities futures contracts are agreements to buy or sell a raw material at a specific date in the future at a particular price. The contract is for a set amount. It specifies when the seller will deliver the asset. It also sets the price. Some contracts allow a cash settlement instead of delivery.

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6.

Who releases data of national income in India?

   A.) NSSO
   B.) CSO
   C.) NITI Aayog
   D.) None of the above

Answer: Option 'B'

CSO
The GDP figures in India are released by the Central Statistics Office (CSO), which comes under the Ministry of Statistics and Program Implementation (MOSPI).

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7.

Which of the following is/are the potential impact(s) of sale of Government securities by the Reserve Bank of India? Increase in liquidity in the market. Increase in interest rates. Select the correct answer using the code given below:

   A.) Only 1
   B.) Only 2
   C.) Both 1 and 2
   D.) Neither 1 nor 2

Answer: Option 'B'

Only 2
When the RBI feels that there is excess liquidity in the market, it resorts to sale of securities thereby sucking out the rupee liquidity. Similarly, when the liquidity conditions are tight, RBI may buy securities from the market, thereby releasing liquidity into the market.

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8.

In which year World Neglected Tropical Diseases Day observed first informally?

   A.) 2021
   B.) 2020
   C.) 2019
   D.) 2018

Answer: Option 'B'

2020

In 2020, the first World NTD Day was observed informally. These are infections that primarily affect marginalised communities in Africa, Asia, and the Americas. It is caused by a variety of pathogens, including viruses, bacteria, protozoa, and parasitic worms.

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9.

Which country has discovered a new coronavirus strain named ‘D614G’, which is claimed to be more infectious?

   A.) China
   B.) US
   C.) Malaysia
   D.) UK

Answer: Option 'C'

Malaysia

A new strain of coronavirus has been detected in Malaysia which is found to be 10 times more infectious than the existing Corona virus. The mutated form of the virus called D614G was found in 3 of the 45 cases in a test cluster. The detection of new strain has implied that studies on COVID 19 vaccines may be incomplete or ineffective against the mutation. WHO has explained that the new strain will not cause a more severe disease.

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10.

When was World Neglected Tropical Diseases Day observed?

   A.) Jan 30
   B.) Jun 30
   C.) Jun 03
   D.) Jan 31

Answer: Option 'A'

Jan 30

The 74th World Health Assembly unanimously approved a proposal from the United Arab Emirates to designate January 30 as “World Neglected Tropical Diseases (NTD) Day.”

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11.

Which is the first country to approve a vaccine against Covid-19?

   A.) Russia
   B.) USA
   C.) UK
   D.) China

Answer: Option 'A'

Russia

Russia has become the first country to register and approve the world’s first Covid-19 vaccine. It has named the vaccine as ‘Sputnik V’. This has been named as a reference to the world’s first satellite sent by the country. Russia claims that is has received requests from more than 20 countries for 1 billion doses of its newly-registered Covid-19 vaccine.

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12.

Which of the following gases are recognized as principal greenhouse gases with respect to Kyoto protocol? 1. Carbon dioxide (CO2) 2. Carbon Monoxide (CO) 3. Ozone (O3) 4. Hydrofluorocarbons (HFCs) 5. Perfluorocarbons (PFCs) 6. Sulphur hexafluoride (SF6)

   A.) 1, 2, 3 and 6 Only
   B.) 1, 4, 5 and 6 Only
   C.) 1, 2, 3 and 5 Only
   D.) 1, 2, 3, 4, 5, 6

Answer: Option 'B'

1, 4, 5 and 6 Only

The targets for the first commitment period of the Kyoto Protocol cover emissions of the six main greenhouse gases, namely: • Carbon dioxide (CO2); • Methane (CH4); • Nitrous oxide (N2O); • Hydrofluorocarbons (HFCs); • Perfluorocarbons (PFCs); and • Sulphur hexafluoride (SF6)

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13.

As per the recent study by NASA and German Aerospace Center, some microbes are found on the Earth may survive in which planet?

   A.) Jupiter
   B.) Mars
   C.) Mercury
   D.) Venus

Answer: Option 'B'

Mars

As per the recent study by NASA and German Aerospace Center, some microbes are found on the Earth may survive in the Mars. The researchers tested a new way to expose the bacteria and fungi to Mars-like conditions by launching them in a scientific balloon up to Earth’s stratosphere. This is significant in the success of future missions to the Mars.

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14.

Identify the non Green-House Gas(GHG) from the following :

   A.) Carbon Monoxide
   B.) Hydrofluorocarbons
   C.) Nitrous oxide
   D.) Methane

Answer: Option 'A'

Carbon Monoxide

Kyoto Protocol recognized six green house gases i.e. Carbon dioxide, Methane, Nitrous oxide, Hydrofluorocarbons, Perfluorocarbons, and Sulphur hexafluoride.

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15.

Greenhouse effect refers to ____________.

   A.) Ability of atmosphere to retain water vapor
   B.) Ability of certain atmospheric gases to trap heat and keep the planet relatively warm
   C.) Ability of cloud to scatter electromagnetic radiation
   D.) None of the above

Answer: Option 'B'

Ability of certain atmospheric gases to trap heat and keep the planet relatively warm

The most significant contributor to warming is the emission of gases which result in the greenhouse effect. In this, 90% share is carbon dioxide (CO) and methane. For strength consumption, fossil fuel, such as coal, oil, and natural gas, is the primary source of emissions. Some contribution is accounted from agriculture, deforestation, and manufacturing as well.

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16.

For which of the following member countries, did the BRICS New Development Bank sanctioned its first loan?

   A.) China
   B.) India
   C.) South Africa
   D.) Brazil

Answer: Option 'A'

On 21 December 2016, the NDB signed its first loan agreement. The loan agreement approving the provision of RMB 525 mln sovereign project loan for the Bank’s first project in China (Shanghai Lingang Distributed Solar Power Project) was signed by the Chinese Vice Minister of Finance Shi Yaobin and the NDB President K.V.Kamath.

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17.

California-based employer Rocket Lab started industrial launches for New Zealand in _____________.

   A.) 2010
   B.) 2018
   C.) 2020
   D.) 2015

Answer: Option 'B'

2018

California-based employer Rocket Lab started industrial launches for New Zealand in 2018. The company specialises in inserting small satellites into orbit. It made history in 2017 to launch a check rocket into an area from the far-flung Mahia Peninsula.

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18.

Where will the first regional office of the BRICS New Development Bank be set up?

   A.) New Delhi, India
   B.) Johannesburg, South Africa
   C.) Fortaleza, Brazil
   D.) Beijing, China

Answer: Option 'B'

Johannesburg, South Africa

The government had mandated, that with effect from April 1, 2017, all goods vehicles of category N2 and N3, have to be fitted with an air conditioning system for the cabin. Now the last date for trucks to have air conditioned cabins for drivers, a mandatory norm by the central government, has been extended to December 31, 2017.

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19.

What is the rank of India in Gender Inequality Index 2019?

   A.) 120
   B.) 121
   C.) 122
   D.) 123

Answer: Option 'C'

122

Gender Inequality Index (GII): GII displays gender-based disadvantage across three dimensions of reproductive health, labour market and empowerment. Countries are having an unequal distribution of human development experiences high inequality. As per UNDP document 2019, India’s GII is 0.0501 and was ranked at 122.

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20.

When did the BRICS states signed the Agreement on the New Development Bank, which makes provisions for the legal basis of the bank?

   A.) 2013
   B.) 2014
   C.) 2012
   D.) 2015

Answer: Option 'B'

2014

On 15 July 2014, the first day of the 6th BRICS summit held in Fortaleza, Brazil, the BRICS states signed the Agreement on the New Development Bank, which makes provisions for the legal basis of the bank. In a separate agreement, a reserve currency pool worth $100 bln was set up by BRICS nations. July 2014 (Treaty signed) July 2015 (Treaty in force)

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21.

Which of the vaccine is still not approved by WHO?

   A.) Sinovac
   B.) Covaxin
   C.) Vaccine by Johnson & Johnson
   D.) AstraZeneca Plc

Answer: Option 'B'

Covaxin

WHO advocated its use for humans above 18 years. Two-dose will be scheduled for it, with a hole of two to 4 weeks between shots. Sinopharm Group Co. had secured WHO’s approval for emergency use in May 2021. Additional inoculation will be given for the Covax programme led by WHO to make sure every country has access to vaccines. Other vaccines cleared for emergency use by WHO are vaccines from Pfizer Inc. & BioNTech SE, Johnson & Johnson, AstraZeneca Plc, and Moderna Inc.

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22.

When was South Africa inducted into BRIC (Brazil, Russia, India, China) to form BRICS?

   A.) 2009
   B.) 2011
   C.) 2008
   D.) 2010

Answer: Option 'D'

2010.BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as “BRIC” (or “the BRICs”), before the induction of South Africa in 2010.

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