Daily GK & Current Affairs Quiz - 7th July 2020
Daily GK & Current Affairs Quiz - 7th July 2020

Daily GK & Current Affairs Quiz – 7th July 2020

Today Current Affairs Quiz. Important Current Affairs Questions – July 2020. Monthly Current Affairs PDF. Latest Current Affairs Questions for Banking and Insurance Exams 2020. Welcome to the Let’s Study Together online Current Affairs section. If you are preparing for Banking & Insurance, SSC, Railways and other competitive exams, you will come across a section on the Current Affairs. Here we are providing you “Current Affairs Quiz – 7th July 2020″ in PDF format based on the current events for your daily practice.

This “Current Affairs Quiz – 7th July 2020″ is also important for other banking exams such as LIC AAO, IBPS PO, IBPS Clerk, SBI PO/Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, IBPS SO, SBI SO, SSC , Railways and other competitive exams.

Current Affairs Quiz – 7th July 2020

In all Sarkari Exams/Govt Exams, Current Affairs Quiz which are asked generally framed on International News, National News, State News, Sports, Awards, Summits, Schemes, Books & Authors, Ranks & Reports, Important Days, Economy, Defence, Science & Technology etc. To excel in Current Affairs section of the competitive examinations you are required to cover the above areas.

1. “Shukrayaan-1” India’s Venus mission which is scheduled to be launched at –

A. 2022
B. 2023
C. 2024
D. 2025
E. None of these

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Correct Answer: B. 2023

Explanation: The Swedish Institute of Space Physics (IRF) will explore Venus for the second time through the India’s 1st Venus Mission Shukrayaan-1. The Shukrayaan-1 is scheduled for launch at the end of 2023 from Sriharikota, Andhra Pradesh.

2. Who among the following has become the new MD of which general insurance company?

  1. Mr. Tapan Singhel
  2. Mr. Mayank Bathwal
  3. Mr. S S Gopalarathnam
  4. V Suryanarayanan
  5. None of these
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Correct Answer: D. V Suryanarayanan

Explanation: The Cholamandalam MS General Insurance Company promoted V Suryanarayanan, President and COO of the company as the New Managing Director (MD) with effect from 1st July 2020 succeeding SS Gopalarathnam.

3. The Indian Railways operated which of the following longest 2.8 km long freight train recently.

  1. Astika
  2. Adishesha
  3. SheshNaag
  4. Takshaka
  5. None of these
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Correct Answer: C. SheshNaag

Explanation: Indian Railways created another record by operating the longest freight train. Indian Railways named it as ‘SeshNaag’. The rake had a total of 251 wagons which were pulled by four electric locomotives which were fitted in between. The feat was achieved in the South East Central Railway zone of the Indian Railways. The train had empty BOXN rakes.

4. The  India to support drug discovery process launched ——————– is a first of its kind national initiative.

  1. Drug Discovery Hackathon
  2. Drug Invention Hackathon
  3. Drug Recovery Hackathon
  4. Drug Regulatory Hackathon
  5. None of these

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Correct Answer: A. Drug Discovery Hackathon

Explanation: “Drug Discovery Hackathon” has been launched by the Union Minister for Human Resource Development Shri Ramesh Pokhriyal ‘Nishank’ and Union Minister for Health and Family Welfare and Ministry of Science and Technology Dr. Harsh Vardhan. The hackathon is a joint initiative of MHRD, AICTE and CSIR, and supported by partners such as CDAC, MyGov, Schrodinger and ChemAxon.Drug Discovery Hackathon is a first of its kind national initiative which has been launched to support drug discovery process. Through this, government is also planning to attract international talent as the event is open to participation from across the globe from professionals, faculty, researchers and students from varied fields such as computer science, medical sciences, chemistry, Pharmacy, basic sciences and biotechnology. This Hackathon will support India in establishing the new model for expediting drug discovery process.

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5. According to the latest report by Care Ratings, Indian economy to contract by _____ for the financial year 2020-21.

A. 3.4%
B. 4.4%
C. 6.4%
D. 5.8%
E. None of these

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Correct Answer: C. 6.4%

Explanation: Care Ratings has forecasted Indian economy to contract by 6.4% for the financial year 2020-21. The rating agency has slashed the GDP growth rate of Indian economy citing continued restrictions in the economic activities due to the lockdown on account of the COVID-19 pandemic. It also expects that the positive growth will come from only agriculture and the government sector.

6. India’s first government or semi government promoted Infrastructure Investment Trust (InvIT) establish by which of the following PSU?

  1. Chennai Petroleum Corporation Limited
  2. National Highway Authority of India
  3. Gas Authority of India Limited
  4. Bharat Petroleum Corporation Limited
  5. None of these
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Correct Answer: B. National Highway Authority of India

Explanation: National Highway Authority of India (NHAI) is undertaking the establishment of India’s first government or semi government promoted Infrastructure Investment Trust (InvIT) under the Indian Trust Act, 1882 and Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 to facilitate investment in the highway sector.

7. Name of the state/UT which has launched ‘Podhe Lagao Prayavaran Bachao’(Plant Trees, Save Environment) campaign to reduce air pollution.

  1. Punjab
  2. Puducherry
  3. New Delhi
  4. Odisha
  5. None of these
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Correct Answer: C. New Delhi

Explanation: Delhi Environment Minister Gopal Rai informed that a 17-day campaign”Podhe Lagao, Paryavaran Bachao” (Plant Trees, Save Environment) will be launched from July 10 to July 26 from the National Highway(NH) 20 near ITO to reduce air pollution. During the campaign 31 lakh saplings will be planted.

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8. Name of the bank which has joined as the observer in Paris based Network for Greening the Financial System (NGFS).

  1. Reserve Bank of India
  2. New Development Bank
  3. Asian Development Bank
  4. Asian Infrastructure Investment Bank
  5. None of these
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Correct Answer: C. Asian Development Bank

Explanation: The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has been joined by the Asian Development Bank (ADB) as an observer. ADB has joined the network to fulfil its corporate strategy “the Strategy 2030” goals such as building climate and disaster resilience, enhancing environmental sustainability, fostering regional cooperation and integration, tackling climate change, and strengthening governance and institutional capacity. With this, ADB has joined the ranks of the International Monetary Fund, the Organisation for Economic Co-operation and Development, World Bank and the International Finance Corporation as NGFS observers. Network for Greening the Financial System is a group of central banks and supervisors who are inclined to share best practices and contribute to the development of environment and climate risk management in the financial sector.

  • President of Asian Development Bank: Masatsugu Asakawa
  • Headquarters of Asian Development Bank: Mandaluyong, Philippines

9. Recently, RBI has conducted ——————– open market operation (OMO) of purchase and sale of G-secs for Rs 10,000 crores each.

  1. Operation lending
  2. Operation liquidity
  3. Operation reserve
  4. Operation twist
  5. None of these
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Correct Answer: D. Operation twist

Explanation: Reserve Bank of India (RBI) conducted the simultaneous purchase of Government Securities (G-Secs), maturing between May 2027 and October 2033, and sale of 182 day and 364 day treasury bills (DTBs) under Open Market Operations (OMO) for Rs 10,000 crore each. This OMO is a part of “Operation Twist” to ease pressure evolving liquidity and market conditions. The main purpose of the OMO is to bring down the yields at the longer end.

10. Which of the following bank offers an online instant auto loan to its customers named ‘ZipDrive’?

  1. HDFC Bank
  2. ICICI Bank
  3. IDBI Bank
  4. Kotak Mahindra Bank
  5. None of these
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Correct Answer: A. HDFC Bank

Explanation: HDFC Bank offers instant car loans to existing customers through an initiative called “ZipDrive” in 1,000 cities. This solution gives the customer with a pre-approved loan offer to avail an auto loan through net banking or via assistance from the bank’s phone banking team. It is a technology-enabled loan product where credit assessment is done by banking software.

Benefits of a pre-approved loan:

  • The customers can avail the loan from anywhere, anytime, through Netbanking or by scanning QR code or through phone banking or through assistance from the bank’s phone banking team within 10 seconds. It is claimed to be the country’s fastest online auto loan disbursement offering.
  • The loan is sanctioned using the bank’s proprietary algorithm and analytics. No pre-approval documents are required.
  • The customers can choose the preferred car model, dealer, loan amount within the eligible limits and tenure online. They can also opt on-road funding up to 100% of the value.
  • It provides a convenient and contactless form for obtaining auto loans from the bank at attractive prices and terms. The customers need not have to visit any branch.

11. Jean Castex has been appointed as prime minister (PM) of which of the following country?

  1. Ireland
  2. Iceland
  3. Italy
  4. France
  5. None of these
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Correct Answer: D. France

Explanation: Jean Castex has been appointed as the new Prime Minister of France. The appointment of Jean Castex as the new french PM was made by the french President Emmanuel Macron. He replaced the former french Prime Minister Edouard Philippe who resigned from the post ahead of a government reshuffle. This is a part of the President Emmanuel Macron plans to strengthen his green credentials and refashion his centrist government ahead of a possible re-election bid. He is planning to boost the two remaining years of his term by focusing on efforts to relaunch the French economy post the COVID-19 crisis.

12. Name of the state government which has launched a mega plantation programme ‘Mission Vriksharopan-2020’?

  1. Gujarat
  2. Rajasthan
  3. Uttar Pradesh
  4. Madhya Pradesh
  5. None of these
Show Correct Answers

Correct Answer: C. Uttar Pradesh

Explanation: A campaign “Mission Vriksharopan-2020” has been launched by the Uttar Pradesh government. Under this campaign, more than 25 crore saplings were planted on 5th July in Uttar Pradesh. The tree plantation drive was launched on the occasion of Guru Poornima and hence several people were seen planting saplings to pay respect to their mentors. Under the Mission Vriksharopan campaign, medicinal, fruit yielding, environmental, shady, fodder, and other important plants of more than 201 species are being planted including Ficus Religiosa, Pipal, Ficus Virens, Pakad, Mulvari, Neem, Jamun, Arjun, Sahjan and Banyan.

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13. Which of the following State government has launched a social media campaign, ‘Intzaar Aap Ka’ to attract tourists?

  1. Chhattisgarh
  2. Maharashtra
  3. New Delhi
  4. Madhya Pradesh
  5. None of these
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Correct Answer: D. Madhya Pradesh

Explanation: Madhya Pradesh Tourism board has launched a campaign “Intzaar Aap Ka“. The campaign has been launched on social media platforms to attract tourists to the tourist places of the state. Through the campaign “Intzaar Aap Ka”, the Madhya Pradesh Tourism Board has been inviting tourists by describing about each tourist destination in an attractive way. The Madhya Pradesh Tourism board has also created various tour packages according to the time and convenience of the tourists along with all the safety standards in the prevention of Corona infection.

14. Former world number one badminton player, who has announced his retirement recently.

  1. Chen Long
  2. Lin Dan
  3. Taufik Hidayat
  4. Kento Momota
  5. None of these

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Correct Answer: B. Lin Dan

Explanation: Former world number one badminton player and the two-times Olympic badminton champion from China, Lin Dan has announced his retirement from the sport. During his 20-year glorious national team career, he won the Olympics singles titles in Beijing in 2008 and the 2012 London Games. Lin Dan also bagged all the sport’s major titles, including five world championships’ gold medals. He is also considered to be one of the greatest singles players of all time.

15. Who among the following received the 2020 Diana Award for humanitarian work.

  1. Sunita Narain
  2. Madan Sabnavis
  3. Freya Thakral
  4. Licypriya Kangujam
  5. None of these
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Correct Answer: C. Freya Thakral

Explanation: A 13-year-old student of the British School New Delhi, Freya Thakral has received the 2020 Diana Award for her “Recycler App”. She developed this App to connect users with waste-handlers as a measure to help the ragpickers of Delhi. Her recycler App is a web-based mobile application which connects the users with waste handlers. The service through the app is provided in the south Delhi region with plans to extend to the other parts with an aim to transform the lives of the ragpicker community.

The Diana Award was established in 1999 in memory of Princess Diana, to recognise the social works and humanitarian efforts of youngsters across the United Kingdom(UK) and around the world. The award is given on July 1st to commemorate the birth anniversary of Princess Diana.

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