Daily GK and Current Affairs Quiz – 16th June 2021

Correct Answer: C. Batsman

Explanation: The ICC has inducted 10 icons of the game, including India’s Vinoo Mankad, into its illustrious Hall of Fame with two players each from five eras, dating back to cricket’s early days, making it to the list. The announcement has been coincided with the inaugural World Test Championship final, to be played between India and New Zealand from June 18 in Southampton.The 10 legends of the game to be inducted have all made a significant contribution to the history of Test cricket, and join an illustrious list of ICC Hall of Famers, taking the total number to 103 as a result of this intake. The inductees are:

Aubrey Faulkner of South Africa and Monty Noble of Australia for the early era (pre-1918).Sir Learie Constantine of West Indies and Stan McCabe of Australia for the inter-war Era (1918-1945).Ted Dexter of England and Vinoo Mankad of India for the post-war Era (1946-1970).Desmond Haynes of the West Indies and Bob Willis of England were inducted from the ODI era (1971-1995).Andy Flower of Zimbabwe and Kumar Sangakkara of Sri Lanka were from the modern era (1996-2016).

Correct Answer – C. United Kingdom

Explanation: The 47th G7 Leaders’ Summit 2021 (Outreach Session of the G7 meeting) took place in a Hybrid format from June 11-13, 2021 at Cornwall, United Kingdom (UK). It was hosted by the United Kingdom (UK) as it holds the Presidency of G7 for 2021. Indian Prime Minister Narendra Modi virtually participated in the meeting and called G7 summit members for the ‘One Earth One Health’  approach to effectively deal with the coronavirus pandemic globally, and sought the support of the G7 grouping to lift patent protections for COVID-19 vaccines.

Key highlights of the summit:

The theme for the Summit – ‘Building Back Better’.The UK invited Australia, India, South Korea, and South Africa (jointly called ‘Democracy 11’) as Guest Countries to the 2021 summit.US President Joe Biden, German Chancellor Angela Merkel, Japan Prime Minister Yoshihide Suga, Canada’s Prime Minister Justin Trudeau, and Italy’s Prime Minister Mario Draghi attended the Summit in person.The 47th G7 Leaders’ Summit has been called the 1st ever net-zero G7 as all have committed to reaching net-zero emissions by 2050 (or at the latest with ambitious reductions targets in the 2020 decade).PM Narendra Modi participated in the 1st Outreach Session of the G7 Summit, he was the lead speaker for the session titled ‘Building Back Stronger – Health’, which focused on global recovery from the coronavirus pandemic and on strengthening resilience against future pandemics.

Correct Answer – A. Arjan Kumar Sikri

Explanation: The Internet and Mobile Association of India (IAMAI) has roped in former Supreme Court Justice (Retd.) Arjan Kumar Sikri to chair the Grievance Redressal Board (GRB), formed as a part of the Digital Publisher Content Grievances Council (DPCGC). The GRB will address content grievances pertaining to any of the DPCGC member’s video streaming services.With the addition of Apple, BookMyShow Stream, Eros Now, and Reeldrama, the DPCGC currently has 14 publishers of online curated content as members. Others include which include Amazon Prime Video, Alt Balaji, Firework TV, Hoichoi, Hungama, Lionsgate Play, MX Player, Netflix, Shemaroo, and Ullu.

About the Grievance Redressal Board:

The Grievance Redressal Board will aim to provide independent adjudication on content grievances escalated to it.The members of the GRB include prominent personalities from the media and entertainment industry, online curated content providers, experts from various fields — including child rights, women rights, and media laws.The Grievance Redressal Board includes National award-winning actress Suhasini Maniratnam; Madhu Bhojwani, Indian film Producer and Partner at Emmay Entertainment and Motion Pictures; Gopal Jain, Senior Advocate, Supreme Court of India; and Dr Ranjana Kumari, eminent Civil Society Representative who currently serves as the Director of the Centre for Social Research and as the Chairperson of Women Power Connect.The two members from the Online Curated Content Providers are Amit Grover, Senior Corporate Counsel, Amazon India, and Priyanka Chaudhari, Director-legal, Netflix India.

Important Points:

• Chairman of the Internet and Mobile Association of India: Amit Agarwal;
• Internet and Mobile Association of India Headquarters: Mumbai;
• Internet and Mobile Association of India Founded: 2004.

Correct Answer – B. 55th

Explanation: India has moved down 12 spots in the global home price index to 55th rank in Q1 2021 against 43rd rank in Q1 2020, with a decline of 1.6 per cent year-on-year (YoY) in home prices, Knight Frank, in its latest research report “Global House Price Index” – Q1 2021. Global Home Price Index is prepared by the London-based Knight Frank, which monitors housing prices in 56 countries. Turkey continues to lead the annual rankings with prices up by 32 per cent YoY, followed by New Zealand.

Important Points:

• Knight Frank Established: 1896;
• Knight Frank Headquarters: London, United Kingdom.

Correct Answer – D. Suresh Raina

Explanation: Former Indian batsman, Suresh Raina has released his autobiography ‘Believe – What Life and Cricket Taught Me’. The book is co-authored by Bharat Sundaresan, Suresh Raina narrated the journey he has had for India and the golden word (Believe) from Sachin Tendulkar that he etched on his arm as a tattoo.

The essence of the book:

The cricketer shared a glimpse of his cricket career which included success, failure, injuries, setbacks, and how he came out on top of it.He revealed how the BCCI, senior players, and scholarship from Air India helped him grow as a cricketer during student life.He also revealed that it was great to be named as the best fielder in India by former South Africa great Jonty Rhodes and learned from the experience of playing with the likes of Yuvraj Singh, Mohd Kaif, Gautam Gambhir, Rahul Dravid.In the book, he narrated the importance of hope, love, work, and camaraderie that made him one of the most revered white-ball batsmen in the world.

Correct Answer – C. Canara Bank

Explanation: State-owned Canara Bank will be the lead sponsor of National Asset Reconstruction Company Limited (NARCL) or bad bank with 12 per cent stake in the entity.The board of Canara Bank has given in-principle approval for taking stake in NARCL.The IBA was appointed nodal agency to constitute the Asset Reconstruction and Asset Management Companies designated as NARCL and India Debt Management Company Ltd (IDMCL) respectively.Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution.

Correct Answer – D. Microfinance Institutions

Explanation: The Reserve Bank proposed a uniform regulatory framework for the microfinance sector, wherein microfinance institutions (MFIs) can provide collateral-free loans to households at interest rates determined by their boards.Microfinance institutions will get the freedom to set rates and end regulatory cap on interest rates.Microfinance is a form of financial service which provides small loans and other financial services to poor and low-income households.The RBI has proposed a debt-income ratio cap so that the loans should be given in such a way that the payment of interest and repayment of principal for all outstanding loans of a household at any point of time should not cross 50 per cent of the household income.

Correct Answer – B. Australia

Explanation: British Prime Minister Boris Johnson and his Australian counterpart Scott Morrison have agreed on a historic free trade agreement (FTA).It will make it cheaper for the UK to sell its cars and Scotch whisky Down Under and remove barriers for business.An FTA with Australia is also dubbed as a gateway into the fast-growing Indo-Pacific region, which covers India.The UK-Australia trade relationship was worth 13.9 billion pounds last year and is set to grow under the deal.The UK was the third largest direct investor in Australia and the second largest recipient of Australian foreign direct investment (FDI) in 2020.

Correct Answer – A. Ambuja Cement Foundation

Explanation: Ambuja Cement Foundation has joined hands with National Bank for Agriculture and Rural Development (NABARD) for implementation of its employability through skill initiative project’s second phase.The foundation received grant assistance from NABARD under the Gramya Vikas Nidhi, a fund created for the development of off-farm sector activities.The project will provide skill training across 19 locations for two years in 12 trades. It has already reached over 4,000 youth despite the pandemic, the foundation said in a statement.Besides skill training, the course also includes soft skills and leadership skills as part of the training module.On completion of training, the students will be provided with placement and hand-holding support post placement.

Correct Answer – B. SJVN Ltd

Explanation:  State-owned SJVN Ltd has signed a pact with National Institute of Wind Energy (NIWE) to develop solar and wind energy projects.SJVN has entered into a memorandum of understanding (MoU) with the Institute for ‘technical consultancy services’ for development of solar, wind, hybrid (wind and solar) and hybrid (wind, solar and battery storage) energy projects of SJVN, according to a statement.NIWE will support SJVN to assess the feasibility and techno-commercial aspects of the projects and preparation of detailed project reports, estimates and bid documents covering all relevant aspects from the concept to the commissioning of these projects.SJVN Chairman and Managing Director Nand Lal Sharma said, “The Government of India is targeting to achieve installation of 175 gigawatts (GW) of renewable energy capacity by the year 2022 and 450 gigawatts by 2030”.

Correct Answer – B. Cristiano Ronaldo

Explanation: Cristiano Ronaldo scored two late goals in a 3-0 Euro 2020 win against Hungary on 15 June 2021.With this win, Ronaldo is now the all-time leading goal scorer in the European Championship finals.Ronaldo has now scored 11 goals in the tournament, two more than French great Michel Platini, who netted nine times when he led France to glory in 1984.

Correct Answer – B. Lina Khan

Explanation: President Joe Biden named Lina Khan chairwoman of the US Federal Trade Commission.She will take over the agency from Acting Chairwoman Rebecca Kelly Slaughter.She is believed to be the youngest chair in the history of the FTC.Khan rose to prominence with a 2017 research paper on Amazon.com Inc. named ‘Amazon’s Antitrust Paradox’.

Correct Answer – B. Andhra Pradesh

Explanation: The Andhra Pradesh government has decided to make `English medium` compulsory across all government, private aided, and unaided degree colleges across the state.The decision will be applicable from the academic year 2021-22.According to the findings in the India Skills Report of 2019, English figured among the top three skills, along with learning agility and adaptability.

Andhra Pradesh:

• Chief Minister – Y. S. Jaganmohan Reddy
• Governor – Biswabhusan Harichandan
• Number of Districts – 13

Correct Answer: B. Ministry of Ports, Shipping and Waterways

Explanation: An MoU between the Ministry of Ports, Shipping and Waterways, and Ministry of Civil Aviation for the development of Sea Plane services in India was signed on 15 June 2021.This MoU envisages the development of the non-scheduled/scheduled operation of seaplane services within the territorial jurisdiction of India under the RCS-UDAN scheme of the government of India.The MoU between the two Ministries will help in expediting the development of new water aerodromes and also operationalization of new seaplane routes in India.