Current Affairs Quiz: June 21 2019

AffairsCloud brings you the complete and important daily Current Affairs June 2019 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 2019 updates.

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Questions Based on Current Affairs June 21 2019

  1. Where was the India’s first specialized hydrotherapy treatment centre for elephants suffering from arthritis, joint pain and foot ailments inaugurated ?
    1) Kolkata, West Bengal
    2) Mumbai, Maharashtra
    3) Mathura, Uttar Pradesh
    4) Guwahati, Assam
    5) None of these
    Answer & Explanation
    Answer –  3) Mathura, Uttar Pradesh
    Explanation:
    India has opened its first specialized hydrotherapy treatment centre for elephants suffering from arthritis, joint pain and foot ailments. It is situated in Mathura, Uttar Pradesh. It is a collaboration of Uttar Pradesh Forest Department and the NGO (Non-Governmental Organization), Wildlife SOS.
  2. Where was the 20th meeting on Financial Stability and Development Council (FSDC) held recently ?
    1) New Delhi
    2) Mumbai
    3) Varanasi
    4) Chennai
    5) None of these
    Answer & Explanation
    Answer –  1) New Delhi
    Explanation:
    On Jue 20,2019 The 20th meeting on Financial Stability and Development Council (FSDC) was held in New Delhi.
  3. Who chaired 20th meeting on Financial Stability and Development Council (FSDC) that held in New Delhi ?
    1) Venkaiah Naidu
    2) Ram Nath Kovind
    3) Narendra Modi
    4) Nirmala Sitharaman
    5) None of these
    Answer & Explanation
    Answer –  4) Nirmala Sitharaman
    Explanation:
    On Jue 20,2019 The 20th meeting on Financial Stability and Development Council (FSDC) was held in New Delhi. This was chaired under the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman. The meeting was also attended by Minister of State for Finance Anurag Thakur, RBI Governor Shaktikanta Das, and Finance Secretary Subhash Chandra Garg among others.
  4. Which country has topped, the list of capital importing countries as well as capital exporting countries in the Knight Frank’s “Active Capital” 2019 report?
    1) Canada
    2) United States
    3) China
    4) Singapore
    5) None of these
    Answer & Explanation
    Answer –  2) United States
    Explanation:
    Property consultants, Knight Frank in its “Active Capital” 2019 Report states globally, The United States (US) was the top capital importing country with an investment of $80.89 billion. It also topped the list of capital exporting countries with an investment of $59.62 billion, followed by Canada with $50.41 billion and Germany with $24.50 billion. ii. Singapore overtook Hong Kong as Asia-Pacific’s top source for outbound capital. It had invested more than $4 billion in China, South Korea, the UK and Australia in January-March 2019.
  5. What is the rank of India among the list of capital importing countries as per the Knight Frank’s “Active Capital” 2019 report?
    1) 35th
    2) 25th
    3) 20th
    4) 30th
    5) None of these
    Answer & Explanation
    Answer –  3) 20th
    Explanation:
    Property consultants, Knight Frank in its “Active Capital” 2019 Report, assigned India with the 20th rank among the top capital importing countries, globally. In terms of outbound cross-border investments, it was ranked 30th. Cross-border capital flows into commercial real estate in India accounted to $2.6 billion and outbound cross-border investments increased by 92% to $0.7 billion (Rs 4,893 crore) between the first quarter (Q1) of 2018 and the first quarter 2019. Cross-border capital flows were due to geopolitical factors, prolonged global economic cycle and interest rate in late cycle investment.
  6. Which country’s date usage per smartphone was the highest in the world at 9.8 Giga Byte (GB) per month up to December 31, 2018, as per the Ericsson Mobility Report of June 2019 edition ?
    1) India
    2) U.S.
    3) Russia
    4) Singapore
    5) None of these
    Answer & Explanation
    Answer –  1) India
    Explanation:
    As per the Ericsson Mobility Report of June 2019 edition, India‘s data usage per smartphone was the highest in the world at 9.8 Giga Byte (GB) per month up to December 31, 2018. It is set to double to 18 GB by 2024. Indian smartphone users are willing to pay more than 66% premium for futuristic 5G services. Increased numbers of LTE (Long Term Evolution) subscriptions, attractive data plans being offered by service providers and young people’s changing video viewing habits were the reasons for the data usage.
  7. Name the operation launched by India Navy in the Gulf of Oman to undertake maritime security .
    1) Operation Raahat
    2) Operation Cactus
    3) Operation Sukoon
    4) Operation Sankalp
    5) None of these
    Answer & Explanation
    Answer –  4) Operation Sankalp
    Explanation:
    On June 21, 2019, India Navy launched “Operation Sankalp” in the Gulf of Oman. It is to recheck Indian flagged vessels operating through the Persian Gulf and Gulf of Oman following the maritime incidents in the region.
  8. Which Indian Navy Ship(INS) was deployed in “Operation Sankalp” in the Gulf of Oman by Indian Navy ?
    1) INS Chennai
    2) INS Vikramaditya
    3) INS Sunayna
    4) All the above
    5) None of these
    Answer & Explanation
    Answer –  5) None of these (Both 1 and 3)
    Explanation:
    Deployment of Warships: Indian Navy has deployed (Indian Navy Ship) INS Chennai and INS Sunayna in the region to undertake maritime security operations.Aerial surveillance: It is also undertaken by Indian Navy aircraft in the area to check the movement of ships in the Gulf region, Information Fusion Centre – Indian Ocean Region (Gurugram) keeping a close watch on the region.
  9. Name the customizable plan launched by Max Life Insurance Company Limited, that will offer customers the flexibility to customize their own protection solution .
    1) Max Life Protection Plan
    2) Max Life Flexible Plan
    3) Max Life Smart Term Plan
    4) Max Life Customizable Plan
    5) None of these
    Answer & Explanation
    Answer –  3) Max Life Smart Term Plan
    Explanation:
    On June 20, 2019, Max Life Insurance Company Limited, one of the country’s leading life insurance companies, launched customizable ‘Max Life Smart Term Plan’. It will offer customers the flexibility to customize their own protection solution through the selection from a wide range of benefits and features. It comes with add on Max Life Waiver of Premium Plus Rider. It provides a waiver for all future premiums under the policy. This will help to create a customised protection solution for each customer.It will also provide a ‘Premium Back Option’ on a term product till the age of 85 for the consumers.
  10. Which bank has signed a bancassurance agreement with Tata AIG General Insurance Company Ltd to provide Tata AIG’s suite of P&C (Property and Casualty (insurance)products ?
    1) Industrial Development Bank of India (IDBI)
    2) Indian Overseas Bank
    3) State Bank of India
    4) Canara Bank
    5) None of these
    Answer & Explanation
    Answer –  1) Industrial Development Bank of India (IDBI)
    Explanation:
    On June 19, 2019, Industrial Development Bank of India (IDBI) has signed a bancassurance agreement with Tata AIG General Insurance Company Ltd to provide Tata AIG’s suite of P&C (Property and Casualty (insurance) products to its customers. Tata AIG’s products will now be available in IDBI bank’s 20 million customer base spread across its 1,850-plus branches.The product portfolio comprises Tata AIG’s flagship health (Medicare), motor, personal accident, home content, critical illnesses, Locker, SME (Small and medium-sized enterprises)and travel insurances.
  11. Which E-commerce firm has revamped seller financing program ‘Growth Capital’ to empower MSMEs ?
    1) Snapdeal
    2) Flipkart
    3) Amazon
    4) Myntra
    5) None of these
    Answer & Explanation
    Answer –  2) Flipkart
    Explanation:
    E-commerce firm Flipkart has revamped its Micro, Small and Medium Enterprises (MSME) seller financing programme ‘Growth Capital’ in order to empower MSMEs across the country. The program enables financial inclusion and independence for MSMEs who operate online.
  12. At what rate, sellers at Flipkart avail loan upto Rs.3 crore from 10 Non-Banking Financial Companies (NBFCs) and banks under seller financing program ‘Growth Capital’ ?
    1) 6.5 percent
    2) 8.5 percent
    3) 7.5 percent
    4) 9.5 percent
    5) None of these
    Answer & Explanation
    Answer –  4) 9.5 percent
    Explanation:
    E-commerce firm Flipkart has revamped its Micro, Small and Medium Enterprises (MSME) seller financing programme ‘Growth Capital’ in order to empower MSMEs across the country.The average loan size is Rs 7 lakh. But sellers can take loans up to Rs 3 crore with interest rates at 9.5%. The tenure on term loan and credit line options is 1 year.Financial partners for the programme are State Bank of India, Bank of Baroda, Axis Bank, Aditya Birla Finance, Tata Capital, Flexiloans, Small Industries Development Bank of India, LendingKart, Indifi and Happy Loans.
  13. What is the full form of CAR,which is in news recently ?
    1) CAR – Capital Adequacy Ratio
    2) CAR – Capital Asset Ratio
    3) CAR – Capital Account Ratio
    4) CAR – Capital Averse Ratio
    5) None of these
    Answer & Explanation
    Answer –  1) CAR – Capital Adequacy Ratio
    Explanation:
    Full form of CAR is Capital Adequacy Ratio.
  14. What is the Capital Adequacy Ratio(CAR) for Housing Finance Companies (HFCs) in March 2020 ?
    1) 14%
    2) 15%
    3) 13%
    4) 12%
    5) None of these
    Answer & Explanation
    Answer –  3) 13%
    Explanation:
    The National Housing Bank (NHB) has tightened the norms on leverage and capital adequacy ratio for Housing Finance Companies (HFCs). It mandated the HFCs to reduce their total borrowings in a phased manner to not more than 12 times( at present 16 times) of their Net-Owned Funds (NOF) as on March 31, 2022. Life Insurance Corporation (LIC) Housing Finance is the only HFC to have the highest leverage ratio of 14 times of NOF. The capital adequacy ratio (CAR) for HFCs is increased to 13% by March 2020, 14% by March 2021 and 15% by March 2022. Tier I capital should not be less than 10% (6% at present).Changes will not impact large HFCs like Housing Development Finance Corp. (HDFC), Repco Home Finance, Indiabulls Housing Finance and Dewan Housing Finance, which are capitalized above 15%. LIC Housing Finance and PNB (Punjab National Bank) Housing Finance have capital adequacy ratio below 15%.
  15. Which country has overtook China to become India’s largest goods trading partner in 2018-19 ?
    1) Russia
    2) United States (US)
    3) China
    4) Japan
    5) None of these
    Answer & Explanation
    Answer –  2) United States (US)
    Explanation:
    The United States (US) overtook China to become India’s largest goods trading partner in 2018-19. Trade surplus of India with the US declined to $16.8 billion from $21.2 billion for 2017-18. A trade deficit of India with China was at $53 billion in 2018-19, down from $63 billion for 2017-18.India’s dependency on Chinese imports saw a decline to $70 billion from $76 billion in 2017-18, with over a fourth increase in exports to $16.7 billion in 2018-19.
  16. How much percent of India’s Gross Domestic Product (GDP) was forecasted for the fiscal year 2020 by DBS Bank ?
    1) 6.9%
    2) 6.4%
    3) 6.5%
    4) 6.8%
    5) None of these
    Answer & Explanation
    Answer –  4) 6.8%
    Explanation:
    On June 20, 2019, DBS Bank in its report on the Indian economy revised India’s Gross Domestic Product (GDP) forecast for the fiscal year 2020 to 6.8% year-on-year (YoY) from 7% due to headwinds for exports amidst challenging trade outlook.Inflation rate was estimated at 3.8% for FY20 against 3.4% of FY19. The Reserve Bank of India’s policy stance was changed from neutral to accommodative resulting in the 75 bps repo rate cut in one year.
  17. Name the organization, which has formed a working group to review the current framework of margins in the futures and options segment .
    1) Small Industries Development Bank of India(SIDBI)
    2) Insurance Regulatory and Development Authority(IRDA)
    3) Securities and Exchange Board of India (SEBI)
    4) Reserve Bank of India(RBI)
    5) None of these
    Answer & Explanation
    Answer –  3) Securities and Exchange Board of India (SEBI)
    Explanation:
    The Securities and Exchange Board of India (SEBI) framed a working group to review the current framework of margins in the futures and options segment.It will submit its recommendations to the Secondary Market Advisory Committee.The existing derivatives segment is increasing the costs of trading and it does not manage risk in an efficient manner. In order to look into these details, the panel was formed.
  18. Which organization heads the working group formed by Securities and Exchange Board of India (SEBI) to review the current framework of margins in the futures and options segment ?
    1) NSE Clearing Limited
    2) Metropolitan Clearing Corporation of India Limited
    3) National Commodity Clearing Ltd.
    4) Indian Clearing Corporation Ltd.
    5) None of these
    Answer & Explanation
    Answer –  1) NSE Clearing Limited
    Explanation:
    The Securities and Exchange Board of India (SEBI) framed a working group headed by NSE Clearing Ltd to review the current framework of margins in the futures and options segment. It will submit its recommendations to the Secondary Market Advisory Committee.The existing derivatives segment is increasing the costs of trading and it does not manage risk in an efficient manner. In order to look into these details, the panel was formed.
  19. Name the world famous handcrafted footwear, which gets a Geographic Indication (GI) tag from the Controller General of Patents, Designs and Trade Mark .
    1) Dharwadi chappal
    2) Kolhapuri chappal
    3) Solapuri chappal
    4) Satari chappal
    5) None of these
    Answer & Explanation
    Answer –  2) Kolhapuri chappal
    Explanation:
    World famous handcrafted footwear, Kolhapuri chappal gets a Geographic Indication (GI) tag from The Controller General of Patents, Designs and Trade Mark. The tag was given to the states of Maharashtra and Karnataka, covering four districts each. Benefits: Tagging will help artisans in Kolhapur make& market their products domestically and internationally. It will also help these artisans to tackle attempts to copy or imitate the footwear brand illegally.Kolhapuri Chappal: Brand Kolhapuri came at the beginning of the 20th century when the footwear began to be traded in Kolhapur. Chhatrapati Shahu Maharaj encouraged production of Kolhapuri Chappal and opened 29 tanning centers during his rule.
  20. Team of scientists from which university have developed a chemical process that turns ‘dirty’ coal into biomedical ‘Carbon Quantum Dots (CQDs)’,that helps in detection of cancer cells ?
    1) Indian Institute of Integrative Medicine
    2) Tata Institute of Fundamental Research
    3) Central Glass and Ceramic Research Institute
    4) CSIR-NEIST
    5) None of these
    Answer & Explanation
    Answer –  4) CSIR-NEIST
    Explanation:
    In Assam, a team of Scientists from CSIR-NEIST( Council of Scientific & Industrial Research-North East Institute of Science and Technology) have developed a chemical process that turns ‘dirty’ coal into biomedical ‘Carbon Quantum Dots (CQDs)’ which helps in detection of cancer cells. For producing CQDs, cheap, low-quality and high-sulfur coals used by the team led by Binoy Kumar Saikia and Tonkeswar Das for a patent of their chemical method. The details have been published in the Journal of Photochemistry and Photobiology.
  21. International Olympic Committee(IOC) has provisionally lifted ban from which country regarding hosting international sports events ?
    1) Srilanka
    2) Pakistan
    3) India
    4) Bangladesh
    5) None of these
    Answer & Explanation
    Answer –  3) India
    Explanation:
    On June 20, 2019, A non-governmental sports organization based in Lausanne, Switzerland, IOC (International Olympic Committee) lifted its sanctions imposed on Indian Olympic Association (IOA) hosting international sports events. The decision was taken after finally receiving a letter of guarantee from the Government that it will allow all eligible athletes, sportspersons, and officials in events held in the country.The restriction imposed under points 2 and 3 of the IOC EB decision in relation to giving permission to host sports events, lifted by the IOC.
  22. What was the theme of International Day of Yoga (IDY) 2019 in India ?
    1) Theme – “Yoga for Heart”
    2) Theme – “Yoga for Peace”
    3) Theme – “Yoga for Climate Action”
    4) Theme – “Yoga for Health”
    5) None of these
    Answer & Explanation
    Answer –  1) Theme – “Yoga for Heart”
    Explanation:
    The 5th annual International Day of Yoga (IDY) was observed on June 21, 2019. There are two themes for World Yoga Day 2019 , United Nation has declared theme as “Yoga for Climate Action” and Ministry of Ayush , India has declared theme for Yoga Day is ” Yoga for Heart“. The first International Day of Yoga was celebrated in the year 2015 at RajPath in New Delhi. The day was declared by the United States General Assembly (UNGA). The word ‘yoga’ was derived from Sanskrit, which means to join or unite, symbolizing the union of body and consciousness.
  23. Where was the main yoga event held in India ?
    1) New Delhi, Delhi
    2) Ranchi, Jharkhand
    3) Mumbai, Maharashtra
    4) Varanasi,Uttar Pradesh
    5) None of these
    Answer & Explanation
    Answer –  2) Ranchi, Jharkhand
    Explanation:
    The main yoga day event was held at Prabhat Tara ground, Ranchi, Jharkhand. Prime Minister Narendra Modi addressed the gathering and performed Yoga asana along with 40,000 participants. President Ram Nath Kovind participated in the Yoga day event organised at the Rashtrapati Bhavan. Vice President M Venkaiah Naidu participated in the Yoga Day celebrations organised by Brahma Kumaris at Red Fort, New Delhi.
  24. Who won the Prime Minister’s Award for outstanding contribution for promotion and development of Yoga in Individual category (National) during International Day of Yoga (IDY) 2019 ?
    1) Swami Kavalayananda
    2) Swami Sivananda Saraswati
    3) Swami Rajarshi Muni
    4) Maharishi Mahesh Yogi
    5) None of these
    Answer & Explanation
    Answer –  3) Swami Rajarshi Muni
    Explanation:
    Prime Minister’s Award for outstanding contribution for promotion and development of Yoga were given on the occasion of IDY 2019. Category Individual – National It was conferred to Swami Rajarshi Muni of Life Mission, Gujarat. He is a practicing yogi from Limbdi, Gujarat He was administered yoga deeksha by Swami Kripalvananda in 1971. He is the founder of the Lakulish International Fellowship’s Enlightenment Mission (Life Mission).
  25. What was the theme of World music day 2019 ?
    1) Theme – “Music for life”
    2) Theme – “Music for Energy”
    3) Theme – “Music for Peace”
    4) Theme – “Music at the intersections”
    5) None of these
    Answer & Explanation
    Answer –  4) Theme – “Music at the intersections”
    Explanation:
    The world music day is being celebrated on June 21, 2019. It is also known as Fête de la Musique’ meaning “festival of music”.It aims to honor both amateur and professional musicians. The theme of world music day 2019 is “Music at the intersections”. In India, the second edition of Music Inc.(2.0), a music business conference was hosted by Loudest.in and exchange4media at the JW Marriott, Mumbai. It is India’s largest music business marketplace to boost the growth of the business.
  26. On which date Summer Solstice, the longest day of the year 2019 is observed ?
    1) June 21
    2) June 20
    3) June 19
    4) June 18
    5) None of these
    Answer & Explanation
    Answer –  1) June 21
    Explanation:
    On June 21, 2019, Summer Solstice day was observed. It is also known as the ‘June Solstice’. Summer Solstice is the longest day of the year which is considered as the start of the summer season. This day marks the official start of the summer season in Northern hemisphere.The solstice marks the moment the planet’s axis is either titled towards the Sun or away from the Sun.In June, on the Summer Solstice, the Northern Hemisphere tilts towards the Sun while the Sun faces away.

Static GK Quiz based on Current Affairs:

  1. Who is the Director General of International Olympic Committee(IOC) ?
    Answer
    Answer –  Christophe De Kepper
  2. Where is the headquarter of Securities and Exchange Board of India (SEBI) located?
    Answer
    Answer –  Mumbai
  3. What is the tagline of IDBI Bank ?
    Answer
    Answer – Aao Sochein Bada
  4. Who is the CEO & MD of Max Life Insurance Company?
    Answer
    Answer –  Prashant Tripathy
  5. Where is the headquarter of Knight Frank located ?
    Answer
    Answer – London, UK
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