UPSC  >  Current Affairs & Hindu Analysis: Daily, Weekly & Monthly  >  Weekly Current Affairs (15th to 21st May 2021) Part - 1

Weekly Current Affairs (15th to 21st May 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC

Document Description: Weekly Current Affairs (15th to 21st May 2021) Part - 1 for UPSC 2022 is part of Current Affairs & Hindu Analysis: Daily, Weekly & Monthly preparation. The notes and questions for Weekly Current Affairs (15th to 21st May 2021) Part - 1 have been prepared according to the UPSC exam syllabus. Information about Weekly Current Affairs (15th to 21st May 2021) Part - 1 covers topics like Banking & Financial Awareness, Obituaries, Important Days, New Appointments and Weekly Current Affairs (15th to 21st May 2021) Part - 1 Example, for UPSC 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Weekly Current Affairs (15th to 21st May 2021) Part - 1.

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Table of contents
Banking & Financial Awareness
Obituaries
Important Days
New Appointments
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Banking & Financial Awareness

Q1. With which intergovernmental bank the Department of Economic Affairs, Ministry of Finance jointly organized a virtual seminar on Social Infrastructure Financing and the use of Digital Technologies?

Correct Answer is New Development Bank.

  • This is a part of the Economic and Financial Cooperation Agenda under the Indian BRICS Chairship 2021.
  • High-level participants from both the public and private sector were engaged in the seminar.
  • Important issues regarding the use of Digital Technologies in the 21st century and social infrastructure financing were the key focus under the seminar.


Q2. What amount of sovereign loans has been committed by the Asian Development Bank to India during 2020 which was ADB’s highest-ever annual lending commitment to India?

Correct Answer is $3.92 billion.

  • Since the start of its lending operations in 1986, this 2020 lending was ADB’s highest-ever annual lending commitment to India.
  • ADB also committed $356.1 million through its non-sovereign operations to India, including 3 COVID-19 support projects to contain the disease and establish social protection measures for relief to the poor and other vulnerable groups.


Q3. Which subsidiary of the Reserve Bank of India is building a next-generation Digital Financial Infrastructure named National Digital Financial Infrastructure (NADI)?

Correct Answer is Institute for Development and Research in Banking Technology (IDRBT).

  • NADI will be owned by the Government of India, with NADI’s high-speed network, the government could monitor and control all financial activity, and it will also make security easier.
  • Its modern network infrastructure includes 5G/Edge Cloud with SDNs (software-defined networking) for connecting to the critical data centre infrastructure at the back-end.


Q4. Which public sector bank has recently launched a Micro-website that will serve as an emergency networking platform for all employees amid the second wave of COVID-19?

Correct Answer is Bank of Baroda.

  • Indian Public sector bank, Bank of Baroda recently launched a Micro-website that will serve as an emergency networking platform for all employees amid the second wave of COVID-19.
  • It provides Various data, like network of plasma donors to employees and Recovered employees can also enroll themselves voluntarily as donors.


Q5. In partnership with NABARD the Mahratta Chamber of Commerce Industries & Agriculture (MCCIA) has launched India’s 1st Agriculture Export Facilitation Center (AEFC) in which city?

Correct Answer is Pune.

  • AEFC will help in boosting Maharashtra’s agricultural and food exports and wil help in meeting Global Standards.
  • It will act as a one-stop-shop for the export of agri-food productions.
  • The center was virtually inaugurated by Dr G.R. Chintala, Chairman of NABARD.


Q6. Which General Insurance has partnered with PayPoint India to provide affordable COVID-19 Health Insurance policy to its customers in India’s underserved regions?

Correct Answer is Digit General Insurance.

  • Post 24-hour ICU or HDU hospitalization, the COVID-19 hospitalization insurance policy offers a minimum of Rs. 1 lakh at a premium rate starting as low as Rs 487.
  • The policy offers options of choosing a sum insured of Rs 1 lakh or Rs 2 lakh for individuals up to 65 years of age.
  • The policyholder could avail of the Cashless claims by displaying the e-health card at the network hospitals.


Q7. Which general insurance company has launched, Integrated Partner Onboarding Solution (IPOS) an industry-first digital end to end partner onboarding solution?

Correct Answer is Edelweiss General Insurance.

  • IPOS is an onboarding solution for all its existing and prospective partners including Agents, Brokers and Web Aggregators.
  • This unified, fully automated portal is dedicated to all partner-related onboarding requirements and it has multiple features like easy visualisation capabilities, a built-in learning system where partners can take up practice tests.


Q8. Which telecom company is constructing the largest international submarine cable system with India as the center of the submarine cable system?

Correct Answer is Reliance Jio Infocomm Ltd.

  • It is the 1st time in history of Fiber optic submarine telecommunications that India will be at the centre of the International network map.
  • The submarine cable system will consist of 2 subsea cable systems – India-Asia-Xpress (IAX) connecting India to Singapore, and India-Europe-Xpress (IEX) connecting India to the Middle East and Europe.
  • The subsea system will provide more than 200 TBPS (TeraBytes Per Second) of capacity spanning over 16, 000 Kilometres.


Q9. The Competition Commission of India approved the acquisition of 100% equity shares of YES Asset Management Ltd and YES Trustee Ltd by?

Correct Answer is GPL Finance and Investments Ltd.

  • YES AMC and YES Trustee were the wholly-owned subsidiaries of YES Bank.
  • Through these acquisitions, GPL will acquire Yes Mutual Fund and become its sole sponsor and it marks the exit of the YES bank from the mutual fund market.


Q10. Which company to acquire the 100 percent stake of SB Energy Holdings Limited at an enterprise valuation (EV) of $3.5 billion, the largest acquisition in the renewable energy sector in India?

Correct Answer is Adani Green Energy Limited.

  • Through this acquisition, AGEL will achieve a total renewable capacity of 24.3 GW and an operating renewable capacity of 4.9 GW, and it demonstrates AGEL’s intent to become the world’s largest solar player by 2025 and thereafter the world’s largest renewable company by 2030.
  • SB Energy is a joint venture between Japan-based SoftBank Group Corp (80%) and Bharti Group (20%) and houses 4,954 MW of renewable assets in India.


Q11. According to the Reserve Bank of India interoperability amongst Prepaid Payment Instruments (PPIs) issued by banks and non-banks should be enabled by?

Correct Answer is 31st March 2022.

  • Also, customers of full KYC-compliant PPIs issued by non-bank PPI issuers can withdraw a maximum of Rs 2,000 per transaction and Rs 10,000 per month per PPI.
  • PPIs are instruments that facilitate purchase of goods and services, including financial services, remittances, funds transfers, against the value stored in/on such instruments.
  • The maximum amount outstanding in respect of full-KYC PPIs (KYC-compliant PPIs) has been increased from ₹1 lakh to ₹2 lakh.


Q12. According to a report released by the S&P Global Market Intelligence what is India’s position as insurance-technology market in Asia-Pacific region?

Correct Answer is second largest.

  • Around 335 private insurtechs are operating in AP, in which 122 of them disclose fundraise, amounting to a total of USD 3.66 billion. Almost half of them are headquartered in India and China and have collectively attracted about 78 percent of the total investment.
  • The report stated India as the world’s 3rd largest startup ecosystem, as it has at least 66 insurtech startups.


Q13. Which bank has announced to launch its fully digitized, end-to-end, Loan Processing System (LPS) for its Micro, Small & Medium Enterprises (MSME) and Agri products?

Correct Answer is IDBI Bank.

  • This new loan processing system seamlessly integrates with data fintechs, bureau validations, document storage/retrieval, account opening/management, customer notifications, and portfolio management capabilities along with embodied policy/knock off parameters.
  • These features of the fully digitised and automated loan processing system are further aimed at providing a superior tech-enabled banking experience to bank’s MSME & Agri.customers.


Q14. With which entity the Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) to create an ecosystem for promoting, aiding and fostering the growth of Small and Medium Enterprises (SME)?

Correct Answer is Dun & Bradstreet Information Services India.

  • Under this partnership, Dun & Bradstreet will provide business information services at a special price to SMEs and startups who are currently listed on BSE SME & Startups platform, or expected to be listed
  • Dun & Bradstreet India is a leading global provider of B2B data, insights and AI-driven platform.


Q15. Which bank has partnered with HyperVerge to obtain its technology called ‘Video KYC solution’ for onboarding customers online under COVID-19?

Correct Answer is State Bank of India.

  • Video KYC solution will be used by SBI to achieve the 10x improvement over the regular video KYC checks performed per day per agent.
  • HyperVerge’s Video KYC solution is assisted with a high accuracy level of 99.5 percent will enable SBI to provide convenient digital banking services to citizens of India.
  • The Video KYC solution is 100 percent compliant with Reserve Bank of India(RBI) regulations and can be supported on multiple platforms.

Obituaries

Q1. Renowned personality Professor MS Narasimhan has passed away recently, he was a veteran?

Correct Answer is Mathematician.

  • He is the only Indian to receive the King Faisal International Prize in the field of science.
  • He was graduated from Loyola College, Chennai, and Tata Institute of Fundamental Research, Bombay Narasimhan had also obtained PhD from Mumbai University.


Q2. Renowned personality Indu Jain passed away recently she was a veteran?

Correct Answer is Media Person.

  • She was the chairperson of the Times Group.
  • After becoming chairman of the Times Group in 1999 she evolved a distinctive leadership style, characterised by compassion and inclusiveness, that helped propel the group to new heights.
  • She set up The Times Foundation in 2000, with sustainable development and transformational change as its key goals.


Q3. Renowned personality Sunil Jain passed away recently she was a veteran?

Correct Answer is Media Person.

  • Jain has been with Financial Express for over a decade.
  • He finished his Masters from the Delhi School of Economics in 1986 and started his career as a consultant.
  • He then took charge of the export policy desk at FICCI, before getting into journalism with India Today magazine in 1991.


Q4. Renowned personality Dr. Krishan Kumar Aggarwal has passed away recently, by profession he was a veteran?

Correct Answer is Doctor.

  • He was former National President of the Indian Medical Association (IMA).
  • In 2010, the Government of India honoured Dr.KK Aggarwal with the Padma Shri, India’s fourth-highest civilian award, for his contributions to the field of medicine.
  • He was a renowned cardiologist and has been working as the Head of the Heart Care Foundation of India.


Q5. Renowned personality Chaman Lal Gupta passed away recently, he was a veteran?

Correct Answer is Politician.

  • He was born on 13th April 1934 in Kaleeth, Jammu, J&K
  • Chaman Lal Gupta served as a member of the J&K legislative Assembly in 1972 and between 2008 and 2014.
  • He was elected to the Lok Sabha from the Udhampur constituency (Jammu) in 1996, 1998 and 1999.


Q6. Sahitya Akademi awardee Rayangala Shri Krishna Raja Narayana Perumal Ramanujam Naicker passed away recently, he was writer and novelist of which language?

Correct Answer is Tamil.

  • He was born on 16 September 1923 in Kovilpatti,Tamil Nadu.
  • Ki. Rajanarayanan was honored with Sahitya Academy award in 1991 for his novel ‘Gopalla Purathu Makkal’.
  • He is famously called by his Tamil initials as KiRa, he was known as the pioneer of ‘Karisal Literature’.


Q7. Veteran Congress leader Jagannath Pahadia passed away recently he was former chief minister of which state?

Correct Answer is Rajasthan.

  • Jagannath Pahadia served as the Chief Minister of Rajasthan in 1980-81.
  • He was the first Dalit chief minister of the Rajasthan.
  • He was also a former Governor of Haryana and Bihar.
  • He served as a member of the Lok Sabha for four times.


Q8. Renowned personality J.K. Dutt passed away recently he was former Director-General of which security force?

Correct Answer is National Security Guards (NSG).

  • The NSG condoled the death of the 1971 batch IPS officer of the West Bengal cadre who served the force from August 2006 to February 2009.
  • Mr. Dutt had served the CBI and the Central Industrial Security Force (CISF).
  • Mr. Dutt, along with about 200 “black cat” commandos, had boarded an IL-76 aircraft of the Aviation Research Centre (ARC) to fly the first batch of the counter-terrorist strike force to Mumbai soon after the western metropolis reported multiple shootouts and public killings in the night of November 26, 2008.


Q9. Renowned personality Sundarlal Bahuguna passed away recently he was a veteran?

Correct Answer is Environmentalist.

  • The Garhwali environmentalist and Chipko movement leader was undergoing treatment at AIIMS, Rishikesh.
  • For years, Bahuguna has been fighting for the preservation of forests in the Himalayas.
  • Known for spearheading Chipko movement in the 1970s and anti-Tehri Dam movement in 1980s, he was awarded Padma Shri in 1981 and Padma Vibhushan in 2009.

Important Days

Q1. The International Day of Families is observed every year on?

Correct Answer is 15th May.

  • This day provides an opportunity to promote awareness of issues relating to families and to increase the knowledge of the social, economic and demographic processes affecting families.
  • The theme of 2021 is “Families and New Technologies”.


Q2. In India, the National Dengue Day is observed every year on?

Correct Answer is 16th May.

  • The day is an initiative by the Ministry of Healthy and Family Welfare, to raise awareness about dengue and its preventive measures, and preparedness for control of the vector-borne disease before the transmission season begins.


Q3. The International Day of Light (IDL) is celebrated every year on?

Correct Answer is 16th May.

  • The Day is celebrated to mark the anniversary of the first successful operation of the laser in 1960 by physicist and engineer, Theodore Maiman.
  • The message of 2021 International Day of Light is “Trust Science”.


Q4. The World Telecommunication and Information Society Day (WTISD) is observed every year on?

Correct Answer is 17th May.

  • The theme of 2021 is “Accelerating Digital Transformation in challenging times”.
  • The ITU was founded on 17 May 1865, when the first International Telegraph Convention was signed in Paris.


Q5. World Hypertension Day (WHD) is celebrated every year on?

Correct Answer is 17th May.

  • The Day is celebrated to promote public awareness of increasing high blood pressure (BP) and to encourage citizens of all countries to prevent and control this silent killer.
  • The day was held for the first time in May 2005.


Q6. World AIDS Vaccine Day or HIV Vaccine Awareness Day is observed every on which date?

Correct Answer is 18th May.

  • The first World AIDS Vaccine Day was thus observed on May 18, 1998, to commemorate the anniversary of Clinton’s speech.
  • The concept of World AIDS Vaccine Day was proposed on May 18, 1997, during a commencement speech at Morgan State University made by then-President Bill Clinton, which underlined the need for a vaccine to curb the spread of HIV.


Q7. The International Museum Day is celebrated every year on which date?

Correct Answer is 19th May.

  • The theme of International Museum Day 2021: “The Future of Museums: Recover and Reimagine”.
  • It is coordinated by the International Council of Museums (ICOM).


Q8. World Bee Day is observed globally every year on which date?

Correct Answer is 20th May.

  • The purpose of the bee day is to acknowledge the role of bees and other pollinators in the ecosystem.
  • About 33% of the world’s food production depends on bees thus they are vital for the preservation of biodiversity, ecological balance in nature and helpful in reducing pollution.
  • The theme of World Bee Day 2021 is “Bee engaged: Build Back Better for Bees”.


Q9. World Metrology Day is observed every year on which date?

Correct Answer is 20th May.

  • The theme for World Metrology Day 2021 is “Measurement for Health”.
  • The theme aims to create awareness about the important role of measurement in the health and wellbeing of everyone.
  • The objective of the Metre Convention: worldwide uniformity of measurement.


Q10. World Day for Cultural Diversity for Dialogue and Development is observed globally every year on which date?

Correct Answer is 21st May.

  • The day aims to celebrate the richness of the world’s cultures and highlight the significance of its diversity as an agent of inclusion and positive change for achieving peace and sustainable development.
  • In the year 2001, The United Nations Educational, Scientific and Cultural Organization (UNESCO) adopted the ‘Universal Declaration on Cultural Diversity’ as a result of the destruction of the Buddha statues of Bamiyan in Afghanistan in 2001.


Q11. On which date every year the International Tea Day is observed globally on the recommendation of India?

Correct Answer is 21st May.

  • The purpose of International Tea Day is to try to improve the condition of tea producers and tea workers.
  • The United Nations recognised International Tea Day by the UN Food and Agriculture Organization (FAO) to raise awareness of the deep cultural and economic significance of tea around the world and promote its importance in fighting hunger and poverty.


Q12. In India, the National Anti-Terrorism Day is observed every year on?

Correct Answer is 21st May.

  • The Day is observed to commemorate the death anniversary of former Prime Minister of India, Rajiv Gandhi.
  • The day is also observed to spread the message of peace, harmony, and humankind and to promote unity among the people. Rajiv Gandhi was India’s youngest Prime Minister.
  • He was appointed as the sixth Prime Minister of the country and served the nation from 1984 to 1989.

New Appointments

Q1. Who has been appointed as the Chief Executive Officer (CEO) of India’s largest footwear retailer Bata India Ltd?

Correct Answer is Gunjan Shah.

  • He has been appointed as a whole-time director of Bata for a period of five years with effect from June 21, 2021.
  • He will take over the new position in June and will be based in Gurugram, Haryana.
  • Before this Gunjan Shah has been working as chief commercial officer in Britannia Industries Ltd.


Q2. Moctor Ouane was reappointed as Prime Minister of which country?

Correct Answer is Mali.

  • He will be incharge of forming a new cabinet.
  • He was appointed as Prime Minister of Mali in September 2020, following the military coup which overthrew President Ibrahim Boubacar Keita in August, 2020.
  • The Interim Government of Mali is set to hold a constitutional referendum on October 31, 2021 followed by elections in February, 2022.


Q3. The Government of India has appointed Vandita Kaul as government nominee director on the board of directors of?

Correct Answer is Bank of India.

  • The Government of India has appointed Vandita Kaul as government nominee director on the board of directors of Bank of India.
  • Vandita Kaul has been working as an Additional Secretary in the Ministry of Finance, Department of Financial Services.


Q4. Who has been appointed as the new Company Head of the Suzuki Motorcycle India?

Correct Answer is Satoshi Uchida.

  • He has replaced Koichiro Hirao as part of Suzuki Motor Corporation’s global revamp.
  • Suzuki Motorcycle India registered its highest-ever monthly sales in April 2021, dispatching as many as 77,849 units during the month.
  • Suzuki Motor Corporation is a Japanese multinational corporation based in Minami-Ku.


Q5. Who has been appointed as the senior adviser to U.S. President Joe Biden?

Correct Answer is Neera Tanden.

  • She is currently the president and CEO of a progressive think-tank, Center for American Progress (CAP).
  • She withdrew her nomination as Director of the White House Office of Management and Budget due to stiff opposition from Republican senators.


Q6. Who has been appointed as the Head Coach of Indian Women’s Cricket team?

Correct Answer is Ramesh Powar.

  • Powar's candidature was finalised and recommended to the board by a three-member Cricket Advisory Committee (CAC) comprising Sulakshana Naik, Madan Lal and RP Singh.
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