Weekly Current Affairs (1st to 7th July 2021) Part - 1 Current Affairs Notes | EduRev

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Current Affairs : Weekly Current Affairs (1st to 7th July 2021) Part - 1 Current Affairs Notes | EduRev

The document Weekly Current Affairs (1st to 7th July 2021) Part - 1 Current Affairs Notes | EduRev is a part of the Current Affairs Course Current Affairs & Hindu Analysis: Daily, Weekly & Monthly.
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Banking & Financial Awareness

Q.1. Which bank has partnered with Amazon Web Services (AWS) to accelerate its digital transformation programme?

Correct Answer is Axis Bank.

  • Axis bank and AWS signed a multi-year agreement, under which the bank will use AWS to build a portfolio of new digital financial services and modernise core banking applications.
  • Axis Bank has deployed over 25 mission-critical applications on AWS, including a Buy Now Pay Later product and a new loan management system to support it, Account Aggregator, Video-Know Your Customer, and WhatsApp banking.


Q.2. Which small finance bank has partnered with digital lender LoanTap to provide personal loans to salaried professionals.

Correct Answer is Ujjivan Small Finance Bank.

  • This move comes as part of Ujjivan’s Small Finance Bank’s API banking initiative.
  • Through this initiative over 150 APIs will be made available, which in turn will offer fast and secure tie-ups for the purposes of digital lending, digital liabilities and payments to fintechs.
  • This move also serves a dual purpose of extending the bank’s financial services to a larger array of customers through LoanTap’s platform, which will make these activities smoother and more convenient for their salaried class customers who are seeking loans.


Q.3. Which Industry group has signed an agreement with the UAE's state-run oil giant Abu Dhabi National Oil Company (ADNOC) to form a mega petrochemical joint venture in Al Ruwais city, United Arab Emirates (UAE)?

Correct Answer is Reliance Industries.

  • This project, a joint venture of ADNOC and ADQ (formerly known as Abu Dhabi Development Holding(ADDH) Co), will be constructed at the TA’ZIZ Industrial Chemical Zone in Ruwais Abu Dhabi, UAE. This is the first investment by Reliance in UAE.
  • This agreement enhances the ADNOC’s downstream and industry growth plans in line with ADNOC’s 2030 strategy.
  • Contracts have been awarded for the first stages of development of the TA’ZIZ site.


Q.4. According to the Financial Stability Report (FSR), released by the Reserve Bank of India, the Gross non-performing assets (GNPAs) of banks may rise to what percent by March 2022?

Correct Answer is 9.8 per cent.

  • According to the Financial Stability Report (FSR), released by the RBI the Gross non-performing assets (GNPAs) of banks may rise to 9.8 per cent by March 2022 under a baseline scenario, from 7.48 per cent in March 2021.
  • Under a severe stress scenario, GNPA of banks may increase to 11.22 per cent.


Q.5. According to the report “COVID-19 and Tourism: An Update” jointly released by UNCTAD and the UN World Tourist Organisation, India experienced a drop in tourist arrivals in 2020 by what percent?

Correct Answer is 54%.

  • According to report tourism will at least $4 trillion in terms of global GDP for 2020 and 2021 due to pandemic.
  • India experienced a 54% drop in tourist arrivals in 2020
  • Some 100 -120 million tourism jobs are at stake as per the report.


Q.6. What amount of funding in total has been announced by the World Bank for Covid-19 vaccines for developing countries?

Correct Answer is $20 billion.

  • The World Bank is expanding its financing available for Covid-19 vaccine financing to $20 billion over the next 18 months, adding $8 billion to the previously announced $12 billion.
  • Further, the Bank also provided over $4 billion for the purchase and deployment of Covid vaccines for 51 developing countries, half of which are in Africa.


Q.7. Which e-commerce company has launched Shopsy, an app that will enable Indians to start their online businesses without any investment?

Correct Answer is Flipkart.

  • Flipkart aims to enable over 25 million online entrepreneurs by 2023 with the help of Shopsy.
  • Users of Shopsy will be able to share catalogues of a wide selection of 15 crore products offered by Flipkart sellers.


Q.8. NABARD has sanctioned Rs 388 crore under the Rural Infrastructure Development Fund (RIDF) for four drinking water and 20 rural road projects in which state?

Correct Answer is Odisha.

  • The RIDF assistance is for setting up of four mega piped drinking water supply projects, one each in Boipariguda block of Koraput district, Nilgiri block of Balasore district and two in Malkangiri district.
  • The water supply projects are intended to provide 70 litre per capita per day safe and portable drinking water at the consumer-end through functional household tap connection.


Q.9. The Reserve Bank of India has imposed a penalty of Rs 25 lakh on which PSU bank for non-compliance with certain provisions of directions on ‘Cyber Security Framework in Banks’?

Correct Answer is Punjab and Sind Bank.

  • The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020.
  • Examination of the incident reports and the report of the forensic analysis of the said incidents, revealed, noncompliance with aforesaid directions.
  • The RBI issued a show-cause notice to the bank.


Q.10. Which bank has launched ‘Salaam Dil Sey’ initiative to pay tribute and show gratitude to doctors across the country for their tireless service during the pandemic at the risk of their own lives?

Correct Answer is HDFC Bank.

  • Under this, bank has created a web platform www.salaamdilsey.com.
  • Using this platform, general public can logon on and share the thank you message for doctors which can be immediately shared via e-mail, social media, and WhatsApp to acknowledge and celebrate doctor’s contribution.


Q.11. Which bank has launched ‘Salute Doctors’, a comprehensive banking solutions for doctors?

Correct Answer is ICICI Bank.

  • The solution will provide customized banking as well as value-added services for every doctor, beginning from a medical student to a senior medical consultant to an owner of a hospital or a clinic
  • It consists of Salute Doctors Savings Account , Salute Doctors Current Account, Home loans, Medical equipment loan, Business Loan, Personal Loan, Education Loan, etc.


Q.12. As per the new auction methodology of Reserve Bank of India for the benchmark securities of what tenor the auction will continue to be multiple price-based auction?

Correct Answer is 30-year & 40-year both.

  • For other benchmark securities i.e. 30-year and 40-year, the auction will continue to be multiple price-based auction, as hitherto.
  • The above arrangement will continue till further review.
  • This was noted by the regulator while reviewing market conditions and market borrowing program of the govt.


Q.13. Which digital payments and financial services platform has launched ‘Postpaid Mini’, a small ticket loans that will give users flexibility to access loans ranging from Rs 250 - Rs 1,000, in partnership with Aditya Birla Finance Ltd?

Correct Answer is Paytm.

  • It is a small ticket loans that will give users flexibility to access loans ranging from Rs 250 - Rs 1,000, in partnership with Aditya Birla Finance Ltd.
  • The product is an extension of its Buy Now, Pay Later service, driving affordability amongst those new to credit.


Q.14. With which financial company the digital payments and financial services platform Paytm launched a small ticket loans ‘Postpaid Mini’ that will give users flexibility to access loans ranging from Rs 250 - Rs 1,000?

Correct Answer is Aditya Birla Finance Ltd.

  • It is a small ticket loans that will give users flexibility to access loans ranging from Rs 250 - Rs 1,000, in partnership with Aditya Birla Finance Ltd.
  • The product is an extension of its Buy Now, Pay Later service, driving affordability amongst those new to credit.
  • These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing Coronavirus (Covid-19) pandemic.


Q.15. Which digital payments platform has partnered with Flipkart to launch contactless ‘Scan and Pay’ feature for the ecommerce major’s pay-on-delivery orders?

Correct Answer is PhonePe.

  • PhonePe’s QR code solution will now enable customers who earlier opted for cash on delivery to pay digitally through any UPI app at the time of delivery.
  • This is intended to help reduce personal contact while ensuring safety, and drive contactless payments for customers who are traditionally more comfortable with cash on delivery.


Q.16. State-run power giant NTPC has partnered with which another Public Sector Undertaking to boost the development of offshore wind energy in India?

Correct Answer is ONGC.

  • India is blessed with a coastline of about 7,600 km surrounded by water on three sides and has good prospects of harnessing this clean source.
  • Earlier in May last year, NTPC and ONGC had signed a memorandum of understanding (MoU) to accelerate their footprint in the renewable energy space.


Q.17. Which online payment solutions provider has partnered with WooCommerce to enable WooCommerce merchants with digital payments infrastructure, and end-to-end digitalization of business processes?

Correct Answer is PayU.

  • Woo Commerce merchants is an open-source, customizable e-commerce platform.
  • The partnership will offer merchants exclusive pricing on transactions, no hidden charges, and contactless payment solutions to scale growth and profitability.
  • A recent survey has shown 82 percent of small businesses have experienced a negative impact due to the pandemic and adoption of technology can aid in the revival of up to 35 percent SMBs, post-pandemic.


Q.18. As per the provisional data released by the coal ministry India’s total coal production registered a marginal decline of.

Correct Answer is 2.02%.

  • Of the total output, a chunk of 685.951 MT was produced by the public sector, and the remaining production of 30.133 MT was from the private sector.
  • In FY 21, Chhattisgarh registered the highest coal production followed by Odisha, Madhya Pradesh, and Jharkhand
  • Jharkhand was the top producer of coking coal.


Q.19. Which financial institutions is offering a unique US bank account to the students gearing up for admissions in the US.

Correct Answer is Aeldra Financial Inc.

  • It also provides a Mastercard Global Debit Card that can be opened and operated from India, even before students get an F-1 visa.
  • Aeldra is a Silicon-valley based pioneering 'digital neo bank'.
  • It has no minimum balance requirement and it doesn’t have foreign currency mark-up fees.

Obituaries

Q.1. Renowned personality Raj Kaushal passed away recently, he was a veteran?

Correct Answer is Film Maker.

  • He was married to actor-TV presenter Mandira Bedi. Apart from direction, Kaushal had also produced filmmaker Onir’s 2005 acclaimed drama “My Brother… Nikhil”, starring Sanjay Suri and Juhi Chawla.
  • His last directorial was the 2006 thriller, “Anthony Kaun Hai?”, starring Arshad Warsi and Sanjay Dutt.


Q.2. Renowned personality K.V. Sampath Kumar has passed away recently, he was a veteran.

Correct Answer is Journalist.

  • He, along with his wife, was selected for the Padma Shri honour from the Government of India in 2020 for his contribution to the field of Literature & Education.
  • He has also received several awards like the Siddarudha award, the Shivaratri Deshikendra Media award, the Abdul Kalam award and others.


Q.3. Renowned personality Donald Rumsfeld passed away recently he was veteran.

Correct Answer is Politician.

  • He served two-time as defense secretary and a one-time presidential candidate of USA.
  • Regarded by former colleagues as equally smart and combative, patriotic and politically cunning, Rumsfeld had a storied career under four presidents and nearly a quarter-century in corporate America.


Q.4. Renowned sportsman M Prasannan passed away recently, he was associated with which sports?

Correct Answer is Football.

  • He played for Kerala, Maharashtra and Goa in Santosh Trophy National Football Championship.
  • He was part of the Indian team coached by PK Banerjee and captained by Inder Singh in the Merdeka Cup in 1973.


Q.5. Legendary actor Dilip Kumar won Filmfare Awards for Best Actor for how many times who passed away recently?

Correct Answer is Eight.

  • Legendary actor Dilip Kumar (98) passed away after a prolonged illness in Mumbai.
  • Dilip Kumar made his Hindi film debut in 1944 with the movie ‘Jwar Bhata’.
  • In a career spanning over six decades, Dilip Kumar gave multiple hits such as ‘Mughal-e-Azam’, ‘Naya Daur’, ‘Baabul’, ‘Deedar’, ‘Madhumati’, ‘Devdas’, ‘Ganga Jamuna’, ‘Ram Aur Shyam’, ‘Karma’ and others.
  • Dilip Kumar’s portrayal in various doomed movies earned him the title of ‘tragedy king’.


Q.6. Renowned personality Richard Donner passed away recently he was a veteran?

Correct Answer is Film Maker.

  • He is known for directing blockbuster and classic films such as "Superman", "The Goonies" and "Lethal Weapon".
  • Donner, whose real name was Richard Donald Schwartzberg, was born in New York to Jewish parents in 1931.
  • Early in his career, Donner had aspired to be an actor but found his calling in direction.

Important Days

Q.1. National Doctors’ Day is celebrated every year on which date to acknowledge the role of doctors in keeping the nation healthy?

Correct Answer is 1st July.

  • Government established Doctors’ Day in 1991 to recognize the contributions of former Bengal Chief Minister Dr BC Roy.
  • He played an important role in the establishment of Medical Council of India and Indian Medical Association.
  • He was also conferred with Bharat Ratna on 4th February, 1961.


Q.2. The National Postal Worker Day is observed every year on?

Correct Answer is 1st July.

  • The day is a unique opportunity to say ‘thank you not only to postmen but also to all delivery personnel, as online shopping has become a lifeline for many of us.
  • The day was initiated by a popular postal service provider from Seattle, the United States of America in 1997 to felicitate and honour the co-postal workers for their dedication.


Q.3. Goods and Services Tax (GST) is observed every year on which date?

Correct Answer is 1st July.

  • The date of July 1 has been designated by the central government as 'GST Day' in 2017 (this year is its fourth anniversary).
  • During these years, several key policy initiatives were taken by the government to make the GST system and compliance mechanism simple, transparent and technology driven.
  • The Goods and Services Tax (GST) is an indirect, multi-stage, comprehensive tax in India, imposed on the supply of goods and services.


Q.4. World Sports Journalists Day is observed globally every year on?

Correct Answer is 2nd July.

  • The day aims to acknowledge the work of sports journalists & to encourage them to do better at their work. Sports journalists help millions of people in the world to receive information on various sports.
  • This professional has helped in the development of many kinds of games all over the world.
  • These journalists have their associations to maintain their standards in their profession.


Q.5. International Day of Cooperatives (#CoopsDay) is celebrated every year on which date?

Correct Answer is first Saturday of July (3July 2021).

  • This year, it is being observed today (July 3) with the theme “Rebuild better together”.
  • This day was officially started by the UNGA on the centenary of the International Cooperative Alliance (ICA) in 1995.
  • It aims to strengthen and unite everyone in this pandemic.


Q.6. World Zoonoses Day is held every year on which date to raise awareness of the risk of zoonotic diseases?

Correct Answer is 6th July.

  • Zoonoses are infectious diseases (virus, bacteria and parasites) that can spread from animals to humans, and vice versa, either with direct contact with animals or indirectly, vector-borne or food-borne.
  • It was on July 6, 1885, when Louis Pasteur successfully administered the first vaccine against Rabies virus, which is a zoonotic disease.


Q.7. World Chocolate Day or International Chocolate Day is observed every year on?

Correct Answer is 7th July.

  • The day celebrates the existence of chocolate in our lives. It is marked by eating chocolates and sharing with dear ones.
  • The day is an annual global celebration of chocolate, which allows people to gorge and indulge, hopefully guilt-free, in it.
  • On this day, chocolate lovers from all over relish eating different kinds of chocolate or create several dishes with it like cakes, pastries, sinful and gooey brownies, hot chocolate or chocolate mousse, without any guilt.

New Appointments

Q.1. Who has been appointed as the new Vice Chief of Indian Air Force?

Correct Answer is Vivek Ram Chaudhari.

  • He will succeed Air Marshal Harjit Singh Arora.
  • He is currently serving as commander-in-chief of the IAF's Western Air Command (WAC)
  • An alumnus of the National Defence Academy, Air Marshal Chaudhari was commissioned into the fighter stream of the IAF on December 29, 1982.


Q.2. Who took charges as the new Managing Director of National High Speed Rail Corporation Ltd (NHSRCL)?

Correct Answer is Satish Agnihotri.

  • He had worked as the Chairman and Managing Director of Rail Vikas Nigam Limited (RVNL) for close to nine years.
  • NHSRCL has been incorporated in 2016 with an object to finance, construct, maintain and manage the High Speed Rail Corridor in India.


Q.3. Who has become Brand Ambassador of Khadi Prakritik Paint?

Correct Answer is Nitin Gadkari.

  • He will promote this paint across the country to encourage young entrepreneurs to take up the manufacturing of cow dung paint.
  • He Inaugurated a new automated manufacturing unit of Khadi Prakritik Paint in Jaipur.
  • The Minister appreciated Khadi and Village Industries Commission for the successful research.


Q.4. Who was sworn in as the 11th Chief Minister of Uttarakhand?

Correct Answer is Pushkar Singh Dhami.

  • Governor Rani Maurya administered the oath to Mr. Dhami at Rajbhawan in Dehradun.
  • Pushkar Singh Dhami is the youngest CM of the state.
  • He will be the third CM in nearly four months.
  • He is a two-time MLA from the Khatima constituency in the Udham Singh Nagar district of the state.


Q.5. Veteran lawyer KN Bhattacharjee has been appointed as the new Lokayukta of which state?

Correct Answer is Tripura.

  • It will deal with the complaints of corruption against public servants and administrative functionaries under the Tripura Lokayukta Act, 2008.
  • Bhattacharjee will be the 3d Lokayukta of the state.
  • He was succeeded by a former judge of Kolkata and Andhra Pradesh high courts, Justice Subal Baidya, in 2017.
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