24 June 2020

ENGLISH QUIZ 22.06.2020

ENGLISH QUIZ 22.06.2020

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1.Consider the following statements :

1.Recently a team from the State Department of Archaeology, Chennai has identified 250 cairn-                     circles at the village in Erode district during the Kodumanal excavation .

2.The Kodumanal excavation of 20 pots and bowls, instead of the usual three or four pots, placed                  outside three-chambered burial cists and inside the cairn-circle, threw light on burial rituals and                the concept of an afterlife in megalithic culture.

Which of the above statement/statements are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

2.Consider the following statements related to SATYABHAMA:

1.Shri Pralhad Joshi launches R&D Portal for AatmaNirbhar Bharat in Mining Advancement.

2.SATYABHAMA is also being integrated with the NITI Aayog portal- NGO Darpan.

3.The NGO-DARPAN was earlier maintained by erstwhile Planning Commission, which has been                  replaced by the NITI Aayog w.e.f. 1st January, 2013.

Which of the statements given above is/are correct?

A. 1 and 2 are correct

B. 1 and 3 are correct

C. 2 and 3 are correct

D. All of the above

3.Consider the following statements:

1. RIL becomes India’s first $150 billion company, Mukesh Ambani’s net worth surges to $60 bn.

2.The positive growth in the shares of the company was registered after it announced that the                         company has become net debt-free well ahead of its target of March 2021.

Which of the above statement/statements are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

4.ICICI HFC launched which scheme for affordable housing loan?

A. SARAL

B. SAMVIRD

C. SAMAYOJANA

D. SAMBNDH

5.Who inked partnership with TATA AIA Life for e-KYC services?

A. West Consultancy

B. East Consultancy

C. North Consultancy

D. South Consultancy

6.Who approved the acquisition of Metso Oyj by Outotech?

A. CRI

B. DFI

C. CCI

D. CCL

7.World Refugee Day is observed every year on which date?

A. 10 June

B. 15 June

C. 12 June

D. 20 June

8.Which portal was launched by the government to promote research and development in mining, mineral sector?

A. SATYABHAMA

B. SARITA

C. SARAL

D. SUBIDHA

9.Which bank launched Kovid-19 health cover?

A. Oriental Bank

B. Karnataka Bank

C. Andhra Bank

D. Grameen Bank

10.Renowned personality B.P.R. Vithal passed away recently was a veteran ________.

A. Military Staff

B. Journalist

C. Economist

D. Hindi poet

ANSWERS:-

Answer: 1)A      

Explanation

Recently a team from the State Department of Archaeology, Chennai has identified 250 cairn-circles at the village in Erode district during the Kodumanal excavation.

Earlier excavations revealed that the site served as a trade-cum-industrial centre from 5th century BCE to 1st century BCE.

About the Kodumanal excavation

  • The Kodumanal excavation of 10 pots and bowls, instead of the usual three or four pots, placed outside three-chambered burial cists and inside the cairn-circle, threw light on burial rituals and the concept of an afterlife in megalithic culture.
  • This show that they belief in afterlife.

About the Grave found during excavation.

  • The Grave could be possibly of a village head or the head of the community as the size of two boulders, each facing east and west, are more significant than the rest of the boulders.
  • Believing that the deceased person will get a new life after death, pots and bowls filled with grains were placed outside the chambers.

Answer: 2)B

Explanation

Shri Pralhad Joshi, Union Minister for Coal, Mines and Parliamentary Affairs launched SATYABHAMA (Science and Technology Yojana for Aatmanirbhar Bharat in Mining Advancement) Portal for Science and Technology Programme Scheme of Ministry of Mines on 15th June 2020.

About the Portal

  • The portal has been designed and developed by emphasizing the need for promoting the role of digital technology in the mineral and mining sector of the country.
  • The Mines Informatics Division of the National Informatics Centre (NIC) is the implementing agency of the portal.
  • SATYABHAMA is also being integrated with the NITI Aayog portal- NGO Darpan.
  • The portal can be accessed at – research.mines.gov.in

NGO Darpan

Aim of the Portal

  • NGO-DARPAN is a platform that provides space for interface between Non-Government organizations (NGOs)/Voluntary Organizations (VOs) in the country and key Government Ministries/Departments/Government Bodies.
  • it is an e-governance application offered by NITI Aayog to electronically maintain data and transparency regarding NGOs/VOs in the country.
  • The NGO-DARPAN was earlier maintained by erstwhile Planning Commission, which has been replaced by the NITI Aayog w.e.f. 1st January, 2015.
  • Through the Portal, the Central Government aims to encourage researchers and scientists to undertake qualitative and innovative research and development work in the mining and mineral sector.
  • The Portal will help in increasing the effectiveness and efficiency of various schemes of the Government in this sector, optimum utilization of funds allocated to institutions in this sector for various research and development based projects, and in ensuring proper usage and conservation of mineral resources of the country.

Advantages of the Portal

  • SATYABHAMA Portal will allow researchers to submit their reports (Progress and Final) to be submitted in electronic format, to date this progress or final technical reports can only be submitted physically by the researchers. Project proposals can also be submitted through the portal.
  • Through regular monitoring, the portal will also be used for the management of grants/funds for various projects by both the officials and for researchers and scientists.
  • Digital submission of reports and proposals of projects and also the management of funds for projects will encourage more researchers and scientists to take work in the mines and minerals sector of the country. This will further help in building AtmaNirbhar Bharat.

Answer: 3)C      

Explanation

The Reliance Industries Limited (RIL) has reached $150-billion mark in term of market capitalisation. Hence, the Mukesh Ambani-helmed RIL has become India’s first $150-billion company in terms of market capitalisation. RIL achieved this milestone when its share price had gained 6.23% to close at Rs 1,759, taking its market capitalisation to Rs 11.15 lakh crore i.e. around $150 billion.

Main point

  • The positive growth in the shares of the company was registered after it announced that the company has become net debt-free well ahead of its target of March 2021.
  • As of 31st March 2020, Reliance has a total debt of Rs 161,035 crore. Despite a pandemic, airlines & other international travel being suspended and a lockdown in most International business hubs across the world, in a period of 58 days, Reliance Industries was able to raise more than Rs 168,818 crore.

Breakdown of which as follows:

  • The existing shareholders of the company were offered shares worth Rs 53,124.20 crore.
  • The remaining Rs 115,693.95 crore was raised through 11 deals of stake sale in RIL’s subsidiary Jiop Platforms.
  • Stake’s of approx 24.70% in Jio Platforms are now owned by the following companies: United States company Facebook bought 9.99% stake at Rs 43,574 crore, this deal to date is the largest Foreign Direct Investment (FDI) in any sector in India.
  • Other companies are Abu Dhabi based investment companies- Mubadala and Abu Dhabi Investment Authority, United States companies- General Atlantic, Silver Lake, Vista Equity Partners, KKR & CO. Inc., TPG Capital, and Catterton Partners.
  • The most recent of the stake sale of 2.32% was on the 18th of June 2020 to the Public Investment Fund of Saudi Arabia at Rs 11,367 crore.

Answer: 4)A

Explanation

ICICI Home Finance has launched a special affordable housing loan scheme, with special rates for women, lower and middle income groups. Called SARAL, it aims to fund homes in urban and rural areas.

About SARAL Scheme

  • The loan requires compulsory ownership of a woman in the country’s rural areas from Rs 3 lakh to Rs 6 lakh.
  • The maximum limit of the loan is Rs 35 lakh.
  • The interest rate of the loan starts from 7.98%.
  • The maximum tenure of the loan is 20 years. Customers with pre-existing loans can also transfer their loans.

ICICI Home Finance Company Limited

  • ICICI Home Finance Company Limited Headquarters: Mumbai, Maharashtra.
  • ICICI Home Finance Company Limited Chairman: Anup Bagchi.
  • ICICI Home Finance Company Limited Managing Director(MD) & Chief Executive Officer(CEO): Anirudh Kamani.

Answer: 5)B

Explanation

Tata AIA Life Insurance (Tata AIA Life) ties up with East Consultancy Services for Aadhaar-based paperless offline e-KYC service amid COVID-19. E-KYC will provide seamless customer on-boarding during online application process for life insurance solutions facilitating remote purchase of insurance from end-to-end digital sales system. It will also extend the service for verification of agents as part of Know Your Agent (KYA) requirement.

CEO & MD: Rishi Srivastava

Answer: 6)C

Explanation

Competition Commission of India (CCI) has approved acquisition of Metso minerals business by Outotec Oyj (“Outotec”) under Section 31(1) of the Competition Act, 2002. All assets, rights, debts and liabilities of Metso that serve its minerals business would be acquired by Outotec. They both are public limited liability companies incorporated and registered under the laws of Finland. The new name of the entity after acquisition will be ‘Metso Outotec’.

Answer: 7)D

Explanation

World Refugee Day is celebrated every year on June 20. This day is marked to honour the refugees of the world. Most of us are aware that refugees are forced to leave their house because of issues like war, terror attacks, or other crises. But, leaving their houses and staying away from their homes is just the beginning of a tough and challenging journey. Many a time these refugees have to adjust in terrible weather conditions and sometimes also find themselves living in camps until they are shifted to another place. The theme of World Refugee Day this year is “every action counts.”

Answer: 8)A

Explanation

The mines ministry announced the launch of a portal “SATYABHAMA” with an aim to promote research and development in the mining and minerals sector. This portal will allow online submission of project proposals along with monitoring of the same and utilisation of funds. The portal has been designed, developed and implemented by the National Informatics Centre (NIC), Mines Informatics Division. The portal will increase efficiency and effectiveness in the implementation of the scheme. The major institutes where research projects have been funded include Indian Institute of Science, Bengaluru and Indian Institute of Technology (IIT), Kharagpur.

Answer: 9)B

Explanation

Karnataka Bank has launched a health insurance policy to cover the uncertainties posed by the Covid-19 pandemic. To protect the health of the common man, Karnataka Bank has launched a special health insurance policy to cover the uncertainties posed by COVID-19 pandemic. The private sector bank said the health cover can be availed at a nominal premium of Rs 399, inclusive of all taxes.

The policy will cover in-patient hospital expenses up to Rs 3 lakh, outpatient treatment expenses of Rs 3,000, and will also provide a sum of Rs 1,000 per day towards expenses incurred towards 14 days of quarantine at a government or military hospital. The validity of this policy is for a period of 120 days. The policy is available to all the customers of the bank in the age group of 18-65 years.

Answer: 10)C

Explanation

Veteran economist and the member of 10th Finance Commission, B.P.R. Vithal passes away. He was a former IAS officer of the 1950 batch. He also served as the Secretary, Finance and Planning, government of Andhra Pradesh, from 1972 to 1982. B.P.R. Vithal also worked at the International Monetary Fund as the fiscal adviser to the governments of Malawi and Sudan. He also played an instrumental role in the establishment of Centre for Economic and Social Studies, Hyderabad.

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