Weekly Current Affairs (1st to 7th December 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC

UPSC: Weekly Current Affairs (1st to 7th December 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC

The document Weekly Current Affairs (1st to 7th December 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC is a part of the UPSC Course Current Affairs & Hindu Analysis: Daily, Weekly & Monthly.
All you need of UPSC at this link: UPSC

Banking & Financial Awareness

Q.1. According to the Ministry of Finance, government's debt is estimated to be around what percent of the GDP for the current financial year?

Correct Answer is 62 percent.

  • Government debt is held predominantly in domestic currency.
  • Increasing the buoyancy of tax revenue through improved compliance, mobilisation of resources through monetisation of assets, improving efficiency and effectiveness of public expenditure etc are the important measures initiated by Government to control the fiscal deficit and the debt burden.

Q.2. Which bank has signed a pact with the Government of India to provide a loan of USD 250 million (about Rs 1,872 crore) to support the country's National Industrial Corridor Development Program (NICDP)?

Correct Answer is Asian Development Bank.

  • The ADB financing supports India's NICDP that aims to develop world-class industrial nodes that are buttressed by efficient urban agglomerations and multimodal connectivity, including international gateways like ports and airports and inclusive, climate-resilient, and sustainable infrastructure.

Q.3. Which bank has launched India’s first standalone metal debit card or black card in partnership with Visa?

Correct Answer is IDFC FIRST Bank.

  • It is a lifetime free card to cater the customers of the bank’s FIRST Private program.
  • The program offers an unrivalled banking and investment experience to customers and comes with a range of exceptional investment, banking, lifestyle and wellness benefits.

Q.4. Which digital payment major has launched a health insurance plan, Health@999, for first-time health insurance buyers?

Correct Answer is PhonePe.

  • The product has a three-step process requiring users to share information such as name, age, gender, and email ID to buy the policy.
  • The plan will cover expenses including in-patient and ICU hospitalisation, daycare procedures, Ayush treatment, and ambulance charges.

Q.5. Which intergovernmental organization has approved a $500 million loan to the Government of India to help improve the quality of the country’s school education and mitigate the impact of the Covid-19) pandemic on students’ learning?

Correct Answer is Asian Development Bank.

  • About 1,800 government schools will be transformed into exemplar schools in Assam, Gujarat, Jharkhand, Tamil Nadu, and Uttarakhand.
  • Exemplar schools will demonstrate quality learning environments and effective learning, which will become a model for replication in other government schools across the country.

Q.6. Which Bank has signed a master agreement with Adani Capital for co-lending to farmers for purchase of tractor and farm implements, to increase efficiency in farm operations and productivity of crops?

Correct Answer is State Bank of India.

  • Adani Capital is the non-banking finance company (NBFC) arm of Adani Group.
  • India’s largest bank underscofed that it is actively looking at co-lending opportunities with multiple NBFCs for financing farm mechanisation, warehouse receipt finance, Farmer Producer Organisations (FPOs) etc., for enhancing credit flow to double the farmers’ income.

Q.7. Which digital payment company has signed an MoU with the Directorate of General Training to train 6,000 individuals over a period of three years in the rapidly growing fintech industry?

Correct Answer is Paytm.

  • The selected individuals will undertake a six-month programme, designed by Paytm, in consultation with the DGT.
  • It will equip the trainees with fundamentals and knowledge of the latest fintech IoT products and financial services.
  • The trainees will also undergo professional skills, communications, sales and pitch, and on-the-job training.

Q.8. Which bank has launched a feature-rich savings bank product ‘called Mahila Mitra Plus’ for women?

Correct Answer is Federal Bank.

  • The savings scheme is called Mahila Mitra Plus and provides a curated set of features, designed to make financial planning and investments easy for women.
  • The special features include exclusive preferential interest rates on housing loans, processing fee waiver for home loans, complimentary and customised insurance cover.

Q.9. Which Bank has announced a partnership with Europe-based payment and transactional service firm, Worldline to enable Equated Monthly Installment (EMI) payments via Kotak debit cards in India?

Correct Answer is Kotak Mahindra Bank.

  • The Kotak debit card EMI is available to all consumers, retailers, fashion and electronic products to pay instalments easily using Worldline Point of Sale (POS) terminals.
  • Worldline is dominant among Tier 2 and Tier 3 cities of India.
  • It manages over 15 lakh merchants and enables Kotak debit cardholders to access to their EMI facilities.

Q.10. Which digital ecosystem for consumers and merchants, has partnered with Amazon Web Services (AWS) to offer its Startup Toolkit to startups onboarded on AWS Activate?

Correct Answer is Paytm.

  • This program offers startups free tools, resources, and more to quickly get started on AWS.
  • Paytm will help entrepreneurs operating in India in the AWS Activate program grow their businesses with payment, distribution, and growth solutions.

Q.11. Which Health insurance company has launched ‘Activ Health Essential’ an affordable health solution plan for the special health needs of senior citizens?

Correct Answer is Aditya Birla Health Insurance.

  • This plan will offer coverage from day one of chronic health management, along with optional benefits to waive off mandatory co-payment.
  • The senior citizen plan also comes with counselling support and health coaching features that are so important for senior citizens.

Q.12. Which bank has signed a memorandum of understanding with Toyota Kirloskar Motor Pvt Ltd (TKM) to introduce financing options for its customers to purchase Toyota vehicles?

Correct Answer is Karnataka Bank.

  • Under this agreement, Karnataka Bank becomes one of the preferred financiers for the vehicles sold by TKM.
  • The customers can get loans through the digital platform of the bank with interest rate linked to External Benchmark Lending Rate (EBLR) for purchasing TKM vehicles for both private and commercial use.

Q.13. Which Industry group has signed a $736 million equivalent green loan agreement with five banks to fund its acquisition of Norwegian solar panel manufacturer REC Solar Holdings?

Correct Answer is Reliance Industries.

  • ANZ, Credit Agricole, DBS Bank, HSBC and MUFG were the lenders on the borrowing.
  • Reliance had announced the acquisition of 100 per cent shareholding of REC Solar from China National Bluestar (Group) for an enterprise value of $771 million.

Q.14. Which regional rural bank headquartered in Dharwad, has signed a memorandum of understanding (MoU) with Liberty General Insurance for selling general insurance products through 629 branches?

Correct Answer is Karnataka Vikas Grameena Bank.

  • The company will provide a variety of general health insurance products to the customers with reasonably affordable cost.
  • The bank has consistently enhanced its portfolio to meet the diverse financial needs of its customers and alliance in this regard is a step in that direction.

Q.15. Which bank will sign a memorandum of understanding (MoU) with Kendriya Sainik Board to support and educate the children of war veterans, ex-servicemen, and war widows?

Correct Answer is State Bank of India.

  • India’s largest bank said it will provide a grant of ₹1,000 per month to 8,333 war veterans’ children.
  • The bank has contributed ₹10 crore to the Armed Forces Flag Day Fund.

Q.16. Which bank has signed an agreement with Usha International Limited (UIL) for empowering women entrepreneurs by providing financial assistance?

Correct Answer is State Bank of India.

  • The financial assistance will be provided under the Joint Liability Group model.
  • As per the Memorandum of Understanding (MoU) signed between SBI and UIL, branches of the bank in Uttarakhand, Delhi, Western UP, and NCR Haryana will be financing women entrepreneurs to Usha Silai School to purchase sewing machines for enhancement and upgradation of technical sewing skills or to purchase thread of clothes, etc. related to above for running their livelihood.

Q.17. Which bank has recently inked an agreement with Adani Capital Private Ltd (Adani Capital), the NBFC arm of Adani Group, for co-lending to farmers for purchase of tractor and farm implements?

Correct Answer is State Bank of India (SBI).

  • With this partnership, SBI would be able to target farmer customers in the interior hinterland of the country looking for adoption of farm mechanization to enhance productivity of crops.


Q.1. Renowned personality Sirivennela Sitarama Sastry passed away recently, he was veteran lyricist of which language?

Correct Answer is Telugu.

  • He came to be known as Sirivennela Sitarama Sastry though his surname is Chembolu.
  • Since then, he has penned about 3,000 songs and bagged the Andhra Pradesh government's Nandi award several times, besides other honours.
  • He formed a powerful combination with legendary playback singer S P Balasubrahmanyam, especially in the films of K Viswanath.

Q.2. Renowned personality Vinod Dua passed away recently, he was a veteran?

Correct Answer is Journalist.

  • Dua was a pioneer in broadcast Hindi journalism with stints in Doordarshan and NDTV.
  • He lived an inimitable life, rising from the refugee colonies of Delhi to the peak of journalistic excellence for over 42 years, always, always speaking truth to power.

Q.3. Renowned personality Sarada Menon passes away recently, he was a veteran?

Correct Answer is psychiatrist.

  • She has been a recipient of several awards, including the Padma Bhusan in 1992 for her work in the field of mental health.
  • She became the first woman psychiatrist in the country when she began working in 1959 at what is now the Institute of Mental Health (previously government Kilpauk mental hospital) in Chennai.

Important Days

Q.1. What is the theme of the World AIDS Day for the year 2021?

Correct Answer is End inequalities. End AIDS.

  • Every year, December 1 is observed as World AIDS Day across the globe to spread awareness about the disease and remember all those who lost their lives to it. It was first observed in 1988.
  • AIDS is a chronic, potentially life-threatening health condition caused by the human immunodeficiency virus (HIV) that interferes with the body's ability to fight infections.

Q.2. National Pollution Prevention Day is observed annually on which date in memory of the people who lost their lives in the 1984 Bhopal Gas Tragedy?

Correct Answer is 2nd December.

  • The horrific industrial accident took place due to the leak of Methyl Isocyanate gas in the Union Carbide India Limited (UCIL) pesticide plant on the night of December 2–3.
  • Thousands of people were killed due to the toxic gas spread.
  • The day is observed to make people and industries understand the importance of pollution control acts.

Q.3. International Day for the Abolition of Slavery is observed annually on which date?

Correct Answer is 2nd December.

  • The focus of this day is on eradicating contemporary forms of slavery, such as trafficking in persons, sexual exploitation, the worst forms of child labour, forced marriage, and the forced recruitment of children for use in armed conflict.

Q.4. The International Day of Persons with Disabilities is celebrated every year on which date?

Correct Answer is 3rd December.

  • This year, the theme for IDPD is “Leadership and participation of persons with disabilities toward an inclusive, accessible and sustainable post-COVID-19 world.”
  • Nearly one billion people out of the total population i.e, 7 billion or approximately 15 per cent of the world’s population, live with some form of disability.
  • People with Disabilities (PwDs) have been affected “disproportionately” by the health, social and economic consequences of the global issues.

Q.5. International Day of Banks is celebrated is celebrated every year on which date?

Correct Answer is 4th December.

  • United Nations also observes the day in recognition of the vital role of banking systems in Member State in contributing to the improvement of the standard of living.
  • In 2019, the United Nations General Assembly designated December 4 as the International Day of Banks. It is celebrated for the first time in 2020.

Q.6. World Soil Day is celebrated every year on which date to raise awareness of the importance of soil quality for human well-being, food security and ecosystems?

Correct Answer is 5th December.

  • World Soil Day 2021 (#WorldSoilDay) and its campaign “Halt soil salinization, boost soil productivity” aims to raise awareness of the importance of maintaining healthy ecosystems and human wellbeing by addressing the growing challenges in soil management, fighting soil salinization, increasing soil awareness and encouraging societies to improve soil health.

Q.7. International Volunteer Day (IVD), also called International Volunteer Day for Economic and Social Development is observed every year on?

Correct Answer is 5th December.

  • International Volunteer Day Theme 2021: “Volunteer now for our common future”.
  • The purpose of the day to celebrate the efforts of volunteers and organizations and offer the opportunity to promote volunteerism, encourage governments to support volunteer efforts and recognize volunteer contributions to the achievement of the Sustainable Development Goals (SDGs) at local, national and international levels.

Q.8. National armed forces day is also known as the National flag day of India is celebrated every year on which date?
Correct Answer is 7th December.

  • The aim to observe this day as the national armed forces day is to collect funds from the people for the betterment of armed forces.
  • To know more about the national armed forces day, candidates are advised to read the article below.

Q.9. International Civil Aviation Day is celebrated every year on?

Correct Answer is 7th December.

  • The purpose of International Civil Aviation Day is to help generate and reinforce worldwide awareness of the importance of international civil aviation to the social and economic development of States, and of the unique role of ICAO in helping States to cooperate and realize a truly global rapid transit network at the service of all mankind.

New Appointments

Q.1. Who assumed charge as the Flag Officer Commanding-In-Chief of Western Naval Command?

Correct Answer is Ajendra Bahadur Singh.

  • He succeeded Vice Admiral R Hari Kumar.
  • Prior to this, he served as the Flag Officer Commanding-in-Chief of the Eastern Naval Command.
  • He is among the few Commanders-in- Chief who have been bestowed with the unparalleled honour and unique distinction of heading both operational commands of the Indian Navy.

Q.2. Who took charge as the 34th Commandant of National Defence College (NDC), New Delhi?

Correct Answer is Manoj Kumar Mago.

  • He succeeded Air Marshal D Choudhury who superannuates on November 30, 2021.
  • He is an alumnus of Indian Military Academy, Dehradun and was commissioned into the elite 7th Battalion Brigade of the GUARDS on December 15, 1984 and later commanded 16 GUARDS.

Q.3. Who has been appointed as the chairman of India Tourism Development Corporation (ITDC) by the Appointments Committee of the Cabinet?

Correct Answer is Sambit Patra.

  • The Appointments Committee of the Cabinet (ACC) has approved the Tourism Ministry's proposal to split the post of chairman and managing director of India Tourism Development Corporation into chairman, ITDC, and managing director (MD), ITDC.
  • IAS officer, GKV Rao will hold the post of managing director of ITDC.

Q.4. Name the Indian women sports person who has been appointed as the brand ambassador of the GUVI, an Indian Institute of Technology Madras (IIT-M)?

Correct Answer is Smriti Mandhana.

  • As the brand ambassador of GUVI, Smriti Mandhana will be the face of GUVI and feature across the online campaigns of GUVI aimed to strengthen the importance and scope of technological education & information technology (IT) skills.
  • She will create awareness about technological education among everyone, especially among women.

Q.5. Who has been appointed as the First Deputy Managing Director of the International Monetary Fund (IMF)?

Correct Answer is Gita Gopinath.

  • She will become the second-ranking official, replacing First Deputy Managing Director Geoffrey Okamoto who plans to leave the Fund early next year.
  • Gopinath has served as the IMF’s chief economist for three years.
  • She was scheduled to return to her academic position at Harvard University in January 2022.

Q.6. Who has been appointed as the Chairperson of the CA Institute’s Quality Review Board (QRB)?

Correct Answer is Shefali Shah.

  • It has also now notified K Saravanan, Chief General Manager, Corporate Finance Department at SEBI as Member of the QRB. Ritika Bhatia, Director General (commercial-II), Office of the Comptroller and Auditor General of India has also been notified as Member of QRB.
  • The QRB established under the Chartered Accountants Act 1949 has 11 members including six nominees of the central government (Chairman and five members).

Q.7. Who has been appointed as UNESCO Goodwill Ambassador for Cultural and Creative Industries?

Correct Answer is Naomi Kawase.

  • She has been recognised for her commitment to culture and creativity at the service of the development of more just societies, especially for girls and women, and of her support for the objectives of UNESCO.
  • Naomi Kawase, committed to the representation of women in the film industry in Africa, participated in UNESCO’s conference on Diversity and Gender Equality in African Cinema.

Q.8. Who has been appointed as the chairperson of National Highways Authority of India (NHAI)?

Correct Answer is Alka Upadhyaya.

  • Senior bureaucrat Alka Upadhyaya has been appointed as the chairperson of National Highways Authority of India (NHAI).
  • Ms Upadhyaya, a 1990-batch IAS officer of Madhya Pradesh cadre, is currently Additional Secretary, Department of Rural Development.

Q.9. Who has been appointed as the chairman of the Inland Waterways Authority of India?

Correct Answer is Sanjay Bandopadhyay.

  • Sanjay Bandopadhyay, Additional Secretary, Ministry of Ports, Shipping and Waterways, has been named chairman, Inland Waterways Authority of India.

Q.10. Who has been appointed as the chairman of National Asset Reconstruction Company (NARCL)?

Correct Answer is Pradip Shah.

  • Aditya Birla Asset Reconstruction Company managing director Sanjay Jain will be the chief executive of India Debt Resolution Company (IDRCL).
  • Also, Diwakar Gupta, former managing director of State Bank of India, is selected as chairman of IDRCL. 
  • Before joining Aditya Birla ARC, Jain was with Asset Reconstruction Company of India, J M Financial and SBI Capital Markets.

Q.11. Who will be nominated as the next Chancellor by Parliament, replacing Angela Merkel’s 16-year reign?

Correct Answer is Olaf Scholz.

  • He has cleared the final hurdle on his path to majority after Green Party members approved their coalition deal with his Social Democrats and Free Democrats.
  • While support of at least 369 lawmakers is required in 736-seat lower house to take up the top job, three coalition partners have 416 seats together, giving them a comfortable majority in the house.

Q.12. Who has been elected as the president of International Criminal Police Organisation (INTERPOL)?

Correct Answer is Major General Dr. Ahmed Nasser Al Raisi.

  • He is inspector general of the UAE’s Ministry of Interior
  • In the final round, the UAE candidate received 68.9 per cent of votes cast by member countries.
  • As president, Al Raisi’s role during his four-year term will be to chair meetings of the executive committee which supervises the implementation of decisions taken at the General Assembly.
The document Weekly Current Affairs (1st to 7th December 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC is a part of the UPSC Course Current Affairs & Hindu Analysis: Daily, Weekly & Monthly.
All you need of UPSC at this link: UPSC

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