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Test: January 2022 Weekly Current Affair - 2 - UPSC MCQ


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25 Questions MCQ Test Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - Test: January 2022 Weekly Current Affair - 2

Test: January 2022 Weekly Current Affair - 2 for UPSC 2024 is part of Current Affairs & Hindu Analysis: Daily, Weekly & Monthly preparation. The Test: January 2022 Weekly Current Affair - 2 questions and answers have been prepared according to the UPSC exam syllabus.The Test: January 2022 Weekly Current Affair - 2 MCQs are made for UPSC 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: January 2022 Weekly Current Affair - 2 below.
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Test: January 2022 Weekly Current Affair - 2 - Question 1

In January, 2022, The Ministry of Food Processing Industries (MoFPI) launched ________ food products of One District One Product (ODOP) brands under ____________.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 1

The Ministry of Food Processing Industries (MoFPI) launched six food products of One District One Product (ODOP) brands under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme at Panchsheel Bhawan, New Delhi.
(i) The six food brands are Amrit Phal, Cori Gold, Kashmiri Mantra, Madhu Mantra, Somdana, and Whole Wheat Cookies of Dilli Bakes.

Test: January 2022 Weekly Current Affair - 2 - Question 2

Which of the following points are correct with respect to the recent (in Jan’22) IRDAI steps towards Motor, Property Insurances & surety Norms?
A) IRDAI set up motor insurance & Property Insurances in ‘Institute of Insurance & Risk Management (IIRM) & National Insurance Academy (NIA) to promote loss prevention in the insurance Industry.
B) New Surety norms – IRDAI (Surety Insurance Contracts) Guidelines, 2022 was set up by IRDAI under the section 14 (2) (i) of IRDA Act, 1999.
C) IRDAI also decided to form an advisory committee under the chairmanship of the NIA director to develop standard survey/inspection.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 2

IRDAI set up motor insurance & Property Insurances in ‘Institute of Insurance & Risk Management (IIRM) & National Insurance Academy (NIA) to promote loss prevention in the insurance Industry.
i. IRDAI (Surety Insurance Contracts) Guidelines, 2022 was set up by IRDAI under the section 14 (2) (i) of IRDA Act, 1999.
ii. IRDAI also decided to form an advisory committee under the chairmanship of the NIA director to develop standard survey/inspection.

Test: January 2022 Weekly Current Affair - 2 - Question 3

The Bureau of Indian Standards (BIS) celebrated its 75th Foundation Day on _______________.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 3

The Bureau of Indian Standards (BIS) annually celebrates the BIS Foundation Day on 6th January. 6th January 2022 marks the observance of the 75th BIS Foundation Day.
i. The BIS foundation day commemorates the day on which BIS came into existence as the Indian Standards Institution (ISI) (6th January 1947).
ii. The Indian Standards Institution (ISI) was established on 6th January 1947 and in June 1947 Dr Lal C. Verman took over as its first Director of ISI.
iii. The Bureau of Indian Standards (BIS) Act 2016 notified on 22nd March 2016, which came into force on 12th October 2017, established BIS as the National Standards Body of India.

Test: January 2022 Weekly Current Affair - 2 - Question 4

In January 2022, Union Defence Minister, Rajnath Singh flagged-in the ‘1st multi-dimensional adventure sports expedition of India’ in which country?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 4

The Union Defence Minister, Rajnath Singh flagged-in the first multi-dimensional adventure sports expedition of India, which was conducted by the National Institute of Mountaineering and Allied Sports (NIMAS) in France.
i. The expedition was led by the Director of NIMAS Colonel Sarfaraz Singh along with 12 others which include 8 Army personnel and 4 youths of Arunachal Pradesh.
ii. The expedition team carried out over 250 Km of winter trekking in the Alps Mountain Ranges in France.

Test: January 2022 Weekly Current Affair - 2 - Question 5

Which of the following points are correct with respect to the First Advance Estimates (FAE) of National Income for FY22 that was released in January 2022?
A) The Ministry of Finance released the FAE of National Income at both Constant & Current Prices for FY22.
B) The growth in real Gross Domestic Product (GDP) or GDP at Constant Prices stood at 9.2% in FY22.
C) Per capita net national income in real terms is estimated to be Rs 1,07,589 crore in FY22, higher than Rs 1,06,975 crore in FY20.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 5

The National Statistical Office (NSO), Ministry of statistics and planning implementation (MOSPI) released the FAE of National Income at both Constant (2011-12) and Current Prices for FY22.
i. The growth in real Gross Domestic Product (GDP) or GDP at Constant Prices stood at 9.2% in FY22.
ii. Per capita net national income in real terms is estimated to be Rs 1,06,975 crore in FY22, lower than Rs 1,07,589 crore in FY20.

Test: January 2022 Weekly Current Affair - 2 - Question 6

Which state’s Forest Department recently (in Jan’22) launched its 1st Mobile app called ‘Urban Forest Parks’ to provide information about urban parks & forest areas?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 6

The Forest Department of Telangana launched 1st of its Kind mobile app namely ‘Urban Forest Parks’ that gives all information about theme based Urban Forest Parks and facilitates the visitors to plan their visits and journey.
i. It was launched by the state’s Forest Minister Allola Indrakaran Reddy.
ii. It is developed by PamTen Software Solutions Private Limited.

Test: January 2022 Weekly Current Affair - 2 - Question 7

Which of the following points are correct with respect to the 24th National Conference on e-Governance (NCeG) 2020-21 that was held at Hyderabad, Telangana in January 2022?
A) NCeG 2020-21 was organized by the Department of Administrative Reforms & Public Grievances (DARPG), MeitY in association with the Telangana Government.
B) During the conference 26 awards were presented where Chhattisgarh’s state labour department won Golden award for e-Shramik Seva under the ‘Universalizing Access including e-Services’
C) Hyderabad Declaration on e-Governance was adopted, which includes the Integration of all State/District portals with CPGRAMS.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 7

NCeG 2020-21 was organized by the Department of Administrative Reforms & Public Grievances (DARPG), MeitY in association with the Telangana Government.
i. During the conference 26 awards were presented while Chhattisgarh’s state labour department won golden award for e-Shramik Seva under the ‘Universalizing Access including e-Services’
ii. Hyderabad Declaration on e-Governance was adopted, which includes the Integration of all State/District portals with CPGRAMS (Centralized Public Grievance Redress and Monitoring System) for seamless Redressal of Public Grievances..

Test: January 2022 Weekly Current Affair - 2 - Question 8

Which Bank recently (in Jan’22) signed a co-lending agreement with Edelweiss Financial Services and ECL Finance to expand priority sector lending service?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 8

Edelweiss Financial Services and ECL Finance signed a co-lending agreement with Indian Bank to expand services under priority sector lending (PSL).
i. Indian Bank will provide capital support under PSL and Edelweiss Financial Services and ECL Finance will provide expertise on customer acquisition, credit assessment, servicing and robust technology which will help in expanding credit needs of customers.

Test: January 2022 Weekly Current Affair - 2 - Question 9

Pravasi Bharatiya Diwas/ Non-Resident Indian (NRI) Day is annually observed across India on ___________, to mark the return of Mahatma Gandhi from South Africa.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 9

Pravasi Bharatiya Diwas (PBD), also known as the “Non-Resident Indian (NRI) Day” is annually celebrated on 9th January to mark the contribution of the Overseas Indian community to the development of India & Mahatma Gandhi returned to India from South Africa on 9th January 1915.
i. Overseas Indians, also known as NRIs or Persons of Indian Origin (PIOs) are people of Indian birth or ancestry who live outside the Republic of India.
ii. The first ever Pravasi Bharatiya Diwas was celebrated on 9 January 2003.

Test: January 2022 Weekly Current Affair - 2 - Question 10

Which of the following points are correct with respect to the Q2FY22 of Quarterly Employment Survey (QES) report released in January 2022?
A) Total employment in the nine non-farm sectors is approximately 10 crore which is higher than the 3.08 crore from the first round of QES.
B) Overall percentage of female workers stood at 32.1%, higher than 29.3% during Q21FY22 of QES.
C) Ministry of Labour & Employment (MoL&E) released the Q2FY22 of QES survey, a part of All-India Quarterly Establishment-based Employment Survey (AQEES).

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 10

Total employment in the nine non-farm sectors is approximately 10 crore which is higher than the 3.08 crore from the first round of QES.
i. Overall percentage of female workers stood at 32.1%, higher than 29.3% during the first round of QES.
ii. The Ministry of Labour & Employment (MoL&E) released the Q2FY22 of QES survey, a part of All-India Quarterly Establishment-based Employment Survey (AQEES).

Test: January 2022 Weekly Current Affair - 2 - Question 11

Which Bank recently (in Jan’22) issued the industry’s 1st letter of credit (LC) on the Government-backed Platform called Secured Logistics Document Exchange (SLDE)?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 11

Axis Bank issued the industry’s 1st letter of credit (LC) on the Secured Logistics Document Exchange (SLDE), a government-backed blockchain-enabled platform (launched in July 2021).
i. The deal, which was executed digitally on the SLDE platform, involved Arcelor Mittal Nippon and Lalit Pipes & Pipes Limited (LPPL) (Axis bank’s client). The bank released an LC on behalf of LPPL.

Test: January 2022 Weekly Current Affair - 2 - Question 12

In January 2022, who was named as the Prime Minister of Kazakhstan?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 12

Kazakhstan President Kassym-Jomart Tokayev nominated Alikhan Smailov as the PM of Kazakhstan and the lower house of parliament also voted in favour of him during a session that broadcasted live on state television.
i. Alikhan Smailov was appointed as the acting Prime Minister on 5 January 2022 following the resignation of the Askar Mamin Cabinet during the ongoing violent 2022 Kazakh protests.
ii. Alikhan Smailov has served as First Deputy Prime Minister of the Republic of Kazakhstan in 2019.

Test: January 2022 Weekly Current Affair - 2 - Question 13

Chris Morris recently (in Jan’22) announced his retirement from all forms of cricket. Which country did he represent in International Cricket?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 13

South African (Proteas) all-rounder Chris Morris announced retirement from all forms of cricket at the age of 34, he is set to take up a coaching role for domestic cricket team – Titans in the CSA T20 Challenge.
i. Morris is the most expensive buy in the history of IPL 2021 auction, bagging Rs 16.25 crores by Rajasthan Royal.

Test: January 2022 Weekly Current Affair - 2 - Question 14

Which of the following Railway stations in Gujarat was recently (in Jan’22) renamed as the Ekta Nagar railway station by the Ministry of Railways?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 14

The Ministry of Railways approved the renaming of the Kevadiya railway station under the Vadodara division of Narmada district (Gujarat) as the Ekta Nagar railway station.
i. The new station code of Ekta Nagar railway station will use the station code EKNR and the numerical code of the station will be 08224620.
ii. The railway station is the key to reach the World’s tallest ‘Statue of Unity’ (height 182 m) that is located in Kevadiya, Gujarat.

Test: January 2022 Weekly Current Affair - 2 - Question 15

Name the Bank that was recently (in Jan’22) named as the ‘Best Private Bank’ in India at the Global Private Banking Awards 2021.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 15

HDFC Bank was named as the ‘Best Private Bank’ in India at the ‘Global Private Banking Awards 2021’ which was organized by Professional Wealth Management (PWM) in a virtual ceremony.
i. The award was given for contributing to accelerate key trends, including digitalisation, communication and investment in environmental, social and governance (ESG) strategies.

Test: January 2022 Weekly Current Affair - 2 - Question 16

In January 2022, ________ hosted the 25th National Youth Day 2022 & _______ is the Tagline of the Day.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 16

Puducherry hosted the 25th National Youth Festival for the year 2022. The festival was virtually inaugurated by Prime Minister (PM) Narendra Modi.
i. The virtual edition of the National Youth Festival, organized by the Department of Youth Affairs, will be held from 12th and 13th January 2022.
ii. Tag-line: ‘Shaksham Yuva Shashakth Yuva’ meaning Capable Youth- Forceful Youth, Able Youth- Strong Youth.

Test: January 2022 Weekly Current Affair - 2 - Question 17

Which of the following points are correct with respect to the 16th edition of ‘India Digital Summit (IDS) 2022’?
A) The Ministry of Science and Technology addressed the 16th IDS 2022 with the theme of “Startups in India”.
B) The Summit was organized by the Internet and Mobile Association of India (IAMAI) in virtual mode.
C) During the summit a report named – “Creating 10 million Digitally Enabled Microentrepreneurs” was launched by the Ministry of Electronics and Information Technology.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 17

Ministry of Commerce & Industry addressed the 16th IDS 2022 with the theme of Supercharging Startups.
i. The Summit was organized by the Internet and Mobile Association of India (IAMAI).
ii. During the summit, Creating 10 million Digitally Enabled Microentrepreneurs reports was launched by the Ministry of Electronics and Information Technology.
iii. He also unveiled ‘LEAP’ (“Leverage, Encourage, Access & Promote”) as the way forward for Startups.

Test: January 2022 Weekly Current Affair - 2 - Question 18

Which Company recently (in Jan’22) signed an MoU with South Korea’s POSCO to Explore Business in Steel & Renewable Energy?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 18

Adani Group has signed a non-binding MoU with POSCO, a South Korean steel-making company, to explore business cooperation opportunities in sectors like Steel, Renewable energy and others.
The investment under the MoU is estimated to be up to USD 5 billion(~Rs 37000 crore).
About POSCO:
POSCO (formerly Pohang Iron and Steel Co., Ltd) was launched on 1st April 1968.
CEO- Jeong-Woo Choi
Headquarters- Pohang, Gyeongsangbuk, Republic of Korea(South Korea)

Test: January 2022 Weekly Current Affair - 2 - Question 19

In January 2022, ________ became 1st Indian to grab World no 1 ranking in Under-19 Girls Singles category in the BWF junior rankings.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 19

Tasnim Mir became the first Indian to grab World no 1 in Under-19 Girls Singles category with 10,810 points in the latest Badminton World Federation (BWF) Junior rankings. She is followed by Mariia Golubeva from Russia and Lucia Rodriguez from Spain.
i. In 2021, she won 3 Junior International Tournaments held in Bulgaria, France and Belgium, which helped her climb up to No.1 position.
ii. She is currently ranked 602 in Women’s Singles in BWF.
Note – The World No.1 position in Boy’s Singles is shared by Lakshya Sen, Siril Verma and Aditya Joshi.

Test: January 2022 Weekly Current Affair - 2 - Question 20

Name the West Indies Captain who was recently (in Jan’22) received Knighthood from England’s Prince William for his services toward Cricket.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 20

The Former West Indies Captain Clive Lloyd received Knighthood from Prince William, the Duke of Cambridge at Windsor Castle, for his services towards the game of cricket.
i. Clive Lloyd led the West Indies to victory over Australia at Lords in the final of the inaugural Cricket World Cup tournament in 1975.
ii. On the same day, England’s world cup-winning captain Eoin Morgan was awarded with CBE (Commander of the Order of the British Empire) by Prince William for his services towards the game of cricket.

Test: January 2022 Weekly Current Affair - 2 - Question 21

Which of the following Mutual Funds was recently (in Jan’22) renamed as the “White Oak Capital Mutual Fund”?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 21

YES Asset Management has been renamed as the White Oak Capital Asset Management with effect from 12th January 2022. In line with this, Yes Mutual Fund has been renamed as White Oak Capital Mutual Fund.
i. In November 2021, the White Oak Capital group announced the completion of the transaction to acquire the mutual fund business of Yes Bank.
ii. White Oak Group, founded by Prashant Khemka, former CIO of Goldman Sachs Asset Management’s India Equity and Global Emerging Markets Equity businesses, provides investment management and advisory services for equity assets of over Rs 42000 crore.

Test: January 2022 Weekly Current Affair - 2 - Question 22

Who was recently (in Jan’22) appointed as the Economic Counsellor & Head of Research Department of the International Monetary Fund (IMF) by succeeding Gita Gopinath?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 22

University of California-Berkeley economist Pierre-Olivier Gourinchas has been appointed as the Economic Counsellor and Head of Research Department of the International Monetary Fund (IMF).
i. He will succeed Gita Gopinath, who is set to join the IMF’s management team as First Deputy Managing Director.
ii. He is also Program Director of International Finance and Macroeconomics at the National Bureau of Economic Research (NBER).

Test: January 2022 Weekly Current Affair - 2 - Question 23

Which Bank recently (in Jan’22) launched the ‘RuPay Select Contactless Debit’ Card along with NPCI on its 79th Inauguration Day?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 23

On the occasion of the 79th Inauguration Day of the UCO Bank, it enter a partnership with NPCI to launch the ‘UCO Bank RuPay Select Contactless Debit Card’ with a host of benefits for its premium/HNI (High Networth Individuals) customers.
i. The card offers an ATM withdrawal limit of Rs 50000 along with a purchase of up to Rs 2 lakh at POS (Point of Sale) or E-Commerce.

Test: January 2022 Weekly Current Affair - 2 - Question 24

In January 2022, _________ appointed as the new Secretary General of Organization of the Petroleum Exporting Countries (OPEC) for _______ term.

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 24

The Organization of the Petroleum Exporting Countries (OPEC) appointed Kuwait’s oil executive Haitham Al Ghais as the new Secretary General (SG). He will succeed Nigeria’s Mohammad Barkindo.
i. He is appointed for a three year tenure (2022-2025) and will take the charge as the SG from 1st August 2022.

Test: January 2022 Weekly Current Affair - 2 - Question 25

In January 2022, RBI set up a new fintech (Financial technology) department to facilitate innovation which includes the fintech division of DPSS (department of payment and settlement systems).
Who was appointed as the head of the newly created Fintech department?

Detailed Solution for Test: January 2022 Weekly Current Affair - 2 - Question 25

The RBI sets up a separate internal department for fintech (Financial technology) by subsuming the fintech division of DPSS (department of payment and settlement systems), Central Office (CO) to facilitate innovation, and help identify, address challenges and opportunities in the fintech sector.
i. Ajay Kumar Choudhary, who was recently promoted as the Executive Director of RBI was appointed as head of the department.

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