Current Affairs Quiz: June 30 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 30 2019

  1. Which color coding will be required to label on front side of Indian package food that represent high fat, sugar and salt content levels as per Food Safety and Standards Authority(FSSAI) ?
    1) Yellow color coding
    2) Red color coding
    3) Green color coding
    4) Orange color coding
    5) None of these
    Answer & Explanation
    Answer –  2) Red color coding
    Explanation:
    On June 27, 2019, As per the draft regulation issued by the Food Safety and Standards Authority(FSSAI) (Labelling and Display regulation) of India Packaged food companies will be required to label high fat, sugar and salt content levels on the front side of the package with “red-color-coding”. Replacing old: This will replace the Food Safety and Standards (Packaging and Labelling) Regulations, 2011.Labelling regulations: Nutritional Information on calories (energy), saturated fats, trans-fats, added sugar and sodium per serve should be mentioned on the Front of the Pack (FoP)labels.
  2. Name the Indian Navy Ship, which reached Alexandria in Egypt as a part of the Western Fleet Overseas Deployment programme .
    1) Indian Navy Ship(INS), Talwar
    2) Indian Navy Ship(INS), Trishul
    3) Indian Navy Ship(INS), Tabar
    4) Indian Navy Ship(INS), Tarkash
    5) None of these
    Answer & Explanation
    Answer – 4) Indian Navy Ship(INS), Tarkash
    Explanation:
    As a part of the Western Fleet Overseas Deployment programme, Indian Navy Ship(INS), Tarkash reached Alexandria in Egypt for three days visit. This visit to Egypt will seek to strengthen the ties between the two countries & increase the footprint and operational reach of the Indian navy.Due to the geostrategic location, Egypt will provide the unique advantage of being at the crossroads of Africa, Asia, and Europe and, all important sea lines of communication pass through the Red Sea into the Mediterranean through Suez Canal in Egypt.
  3. SAR was in news recently, A stands for __________ .
    1) Agriculture
    2) Arbitrage
    3) Audit
    4) Asset
    5) None of these
    Answer & Explanation
    Answer – 3) Audit
    Explanation:
    A stands for Audit.The full form of SAR is System Audit Report.
  4. Under which act, Payment System providers can set up and operate a payment system in India ?
    1) Payment and Settlement Systems Act, 2007
    2) Payment and Settlement Systems Act, 2008
    3) Payment and Settlement Systems Act, 2009
    4) Payment and Settlement Systems Act, 2006
    5) None of these
    Answer & Explanation
    Answer – 1) Payment and Settlement Systems Act, 2007
    Explanation:
    On June 26, 2019, The Reserve Bank of India (RBI) in its frequently asked questions (FAQ) section stated that the data related to payment transactions must be stored in systems of the country and if any information is processed abroad, it should be deleted from their systems and brought back to India not later than one business day or 24 hours from the payment processing, whichever is earlier. The clarification was sought by the Payment System Operators (PSOs) on the issue of data localization.Applicability: It is applicable to all Payment System providers authorized / approved by the RBI to set up and operate a payment system in India under the Payment and Settlement Systems Act, 2007. Details of the data: The data should include end-to-end transaction details and information pertaining to payment or settlement transaction that is gathered / transmitted / processed as part of a payment message / instruction.
  5. What is the interest rates of Senior Citizens Savings Scheme for the July-September quarter?
    1) 8.7 percent
    2) 8.6 percent
    3) 8.5 percent
    4) 8.4 percent
    5) None of these
    Answer & Explanation
    Answer – 2) 8.6 percent
    Explanation:
    The Union Finance Ministry, Government of India reduced the interest rate on small savings schemes by 0.1 per cent (10 basis points) for the July-September quarter.The schemes include Public provident fund (PPF), National Savings Certificate (NSC), Kisan Vikas Patra(KVP), Sukanya Samriddhi Account, Senior Citizens Savings Scheme (SCSS). PPF&NSC: For the July-September quarter, PPF and National Savings Certificate will fetch an annual interest rate of 7.9% as compared to 8% earlier.KVP: Kisan Vikas Patra will yield 7.6 percent with a maturity of 113 months. At present, the interest rate on KVP is 7.7 percent and maturity is 112 months.The girl child savings scheme: Sukanya Samriddhi Account will offer 8.4 percent from 8.5 percent.SCSS: Senior Citizens Savings Scheme will offer 8.6 percent from 8.7percent.Term deposits of 1- 3 years will offer an interest rate of 6.9 percent will be paid quarterly, while the five-year quarterly pegged at 7.7 percent and for recurring 7.2 percent from the existing rate of 7.3 percent.
  6. What is the full form of LR ?
    1) Liquidity Ratio
    2) Loan Rate
    3) Leverage Ratio
    4) Liability Rate
    5) None of these
    Answer & Explanation
    Answer – 3) Leverage Ratio
    Explanation:
    The full form of LR is Leverage Ratio.
  7. What is the leverage ratio for Domestic Systemically Important Banks (DSIBs) from October 2019?
    1) 3.5%
    2) 2%
    3) 3%
    4) 4%
    5) None of these
    Answer & Explanation
    Answer – 4) 4%
    Explanation:
    The RBI (Reserve Bank of India) relaxed the leverage ratio (LR) for banks in a bid to help them expand their lending activities. The leverage ratio (LR) reduced to 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks with effective from October 1, 2019.The relaxation was done for financial stability with a view to moving further towards harmonization with Basel III standards and could help some of the banks currently under Prompt Corrective Action(PCA) comply with the leverage framework.The leverage ratio, as defined under Basel-III norms, is Tier-I capital as a percentage of the bank’s exposures.
  8. Which Bank has signed a loan agreement of $250 million (Rs 1,725 crore) with Kerala for its Resilient Programme ?
    1) World Bank(WB)
    2) Asian Development Bank (ADB)
    3) New Development Bank (NDB)
    4) Asian Infrastructure Investment Bank (AIIB)
    5) None of these
    Answer & Explanation
    Answer – 1) World Bank(WB)
    Explanation:
    On June 29, 2019, The Government of India, State Government of Kerala and World Bank signed a loan agreement of $250 million (Rs 1,725 crore) for the Kerala Resilient Programme. Development Policy Loan (DPL): The loan agreement was signed by Sameer Kumar Khare on behalf of the government, Manoj Joshi, Additional Chief Secretary, Finance, Kerala and Junaid Kamal Ahmad, Country Director, World Bank India.This will enhance the state’s resilience against the impact of natural disasters and climate change.The aid will support Kerala with improved river basin and water infrastructure operations management, water supply and sanitation services, resilient and sustainable agriculture, enhanced agriculture risk insurance, improved resilience of the core road network, etc.
  9. What is the full form of CAD ?
    1) CAD – Current Asset Deficit
    2) CAD – Current Account Deficit
    3) CAD – Consumer Account Deposit
    4) CAD – Consumer Asset Deficit
    5) None of these
    Answer & Explanation
    Answer – 2) CAD – Current Account Deficit
    Explanation:
    The full form of CAD is Current Account Deficit.
  10. How much percent of GDP has been increased for India’s Current Account Deficit(CAD) in Fy19?
    1) 2.3% of GDP
    2) 2.5% of GDP
    3) 2.1% of GDP
    4) 2.7% of GDP
    5) None of these
    Answer & Explanation
    Answer – 3) 2.1% of GDP
    Explanation:
    On June 28, 2019, The Reserve Bank of India (RBI) stated that India’s Current Account Deficit (CAD) increased to $57.2 billion or 2.1% of the Gross Domestic Product (GDP) in FY19 as against 1.8% of 2018 which stood at $48.7 billion. It was the highest in 6 years on due to higher trade deficit caused by high crude oil imports.An increase in trade deficit to $180.3 billion for the year as a whole as against $160 billion in 2018 led to the widening of the CAD in FY19.
  11. Who sworn in as the governor of Manipur ?
    1) Lalji Tandon
    2) Jagdish Mukhi
    3) B. D. Mishra
    4) Padmanabha Balakrishna Acharya
    5) None of these
    Answer & Explanation
    Answer – 4) Padmanabha Balakrishna Acharya
    Explanation:
    On June 27, 2019, Padmanabha Balakrishna Acharya was sworn in as the Governor of Manipur. Justice Lanusungkum Jamir of the High Court of Manipur administered the swearing in ceremony at the Darbar Hall of the Raj Bhavan, Imphal in the presence of Chief Minister of the state N Biren Singh, his cabinet colleagues, Members of the Legislative Assembly (MLA), top civil and police officers. He is given the additional charge as the Governor of Manipur, in addition to his own duties as the Governor of Nagaland in the absence (on leave) of Dr Najma Heptulla, Governor of Manipur.
  12. Which team won the St Peters Youth Centre Open Hockey Tournament for Men, 2019 in Mumbai ?
    1) Union Bank of India
    2) Central Railway (CR)
    3) Western Railways(WR)
    4) Canara Bank
    5) None of these
    Answer & Explanation
    Answer – 1) Union Bank of India
    Explanation:
    In the finals of the St Peters Youth Centre Open Hockey Tournament for 2019 held in Mumbai, teams of Central Railway (Women) and Union Bank of India (Men) emerged as champions.The Central Railway defeated Western Railway with 3-2 scores and Union Bank of India defeated Coorg XI by 2-0 scores. Olympian Preeti Yadav was named as the Best player of the Tournament.
  13. On which date, International Asteroid Day was observed annually ?
    1) June 27
    2) June 30
    3) June 29
    4) June 28
    5) None of these
    Answer & Explanation
    Answer – 2) June 30
    Explanation:
    International Asteroid Day was observed on June 30, 2019. It is aimed to create awareness about the asteroid impact hazard. It also informs people about the crisis communication actions to be taken in case of a possible near-Earth object threat. The day was adopted by the United Nations General Assembly (UNGA) through resolution A/RES/71/90 in December 2016 on the proposal of Association of Space Explorers. The day marks the anniversary of the Tunguska impact over Siberia, Russian Federation, on 30 June 1908. Asteroids are left over from the formation of our solar system, which mostly orbits between Mars and Jupiter which is known as the ‘Asteroid belt’. They orbit around the sun.
  14. International Day of the Tropics was observed annually on __________ .
    1) June 29
    2) June 30
    3) June 29
    4) June 28
    5) None of these
    Answer & Explanation
    Answer – 3) June 29
    Explanation:
    International Day of the Tropics was observed on June 29, 2019. It is observed to create awareness on specific challenges faced by tropical areas and to highlight the important role that the countries in the tropics play in achieving Sustainable Development Goals (SDGs).Nobel Laureate Aung San Suu Kyi launched the first State of the Tropics Report on June 29, 2014. International Day of the Tropics marks the anniversary of the report’s launch. ii. The day was adopted by the United Nations General Assembly (UNGA) through resolution A/RES/70/267 on 14 June 2016.
  15. When was the International Day of Parliamentarism was observed ?
    1) June 30
    2) June 27
    3) June 29
    4) June 28
    5) None of these
    Answer & Explanation
    Answer – 1) June 30
    Explanation:
    The International Day of Parliamentarism was observed all over the world on June 30, 2019. This day celebrates parliaments and the ways in which parliamentary systems of government enhance the day-to-day lives of people. The year 2018 marks the first celebration of International Day of Parliamentarism.The day was proclaimed by the United Nations General Assembly (UNGA) in its resolution A/RES/72/278 in May 2018.This day also provides an opportunity to parliaments to take stock, identify challenges, and find ways to address them effectively.

Static GK Quiz based on Current Affairs:

  1. Mukurthi National Park is located in which state ?
    Answer
    Answer – Tamil Nadu
  2. What is the Capital and Currency of Egypt ?
    Answer
    Answer – Capital: Cairo & Currency: Egyptian pound
  3. Who is the Chairman of Food Safety and Standards Authority(FSSAI) ?
    Answer
    Answer –  Rita Teaotia
  4. Where is the Khongjaingamba Ching Wild Life Sanctuary located ?
    Answer
    Answer – Manipur
  5. When was the Reserve Bank of India founded ?
    Answer
    Answer – 1 April 1935
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