UPSC  >  Current Affairs & Hindu Analysis: Daily, Weekly & Monthly  >  Weekly Current Affairs (8th to 14th May 2021) Part - 1

Weekly Current Affairs (8th to 14th May 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC

Document Description: Weekly Current Affairs (8th to 14th 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 (8th to 14th May 2021) Part - 1 have been prepared according to the UPSC exam syllabus. Information about Weekly Current Affairs (8th to 14th May 2021) Part - 1 covers topics like Banking & Financial Awareness, Obituaries, Important Days, New Appointments and Weekly Current Affairs (8th to 14th May 2021) Part - 1 Example, for UPSC 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Weekly Current Affairs (8th to 14th May 2021) Part - 1.

Introduction of Weekly Current Affairs (8th to 14th May 2021) Part - 1 in English is available as part of our Current Affairs & Hindu Analysis: Daily, Weekly & Monthly for UPSC & Weekly Current Affairs (8th to 14th May 2021) Part - 1 in Hindi for Current Affairs & Hindu Analysis: Daily, Weekly & Monthly course. Download more important topics related with notes, lectures and mock test series for UPSC Exam by signing up for free. UPSC: Weekly Current Affairs (8th to 14th May 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily, Weekly & Monthly - UPSC
Table of contents
Banking & Financial Awareness
Obituaries
Important Days
New Appointments
1 Crore+ students have signed up on EduRev. Have you?

Banking & Financial Awareness

Q1. Which bank has been excluded from the Second Schedule of the RBI Act by the Reserve Bank of India (RBI)?

Correct Answer is Lakshmi Vilas Bank.

  • A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as ‘Scheduled Commercial Bank’.
  • Last year in November, the government had approved the merger of crisis-ridden Lakshmi Vilas Bank with DBS Bank India.


Q2. Under whose chairmanship the Reserve Bank of India’s (RBI) Regulations Review Authority (RRA 2.0) has constituted a 6- member Advisory Group?

Correct Answer is S Janakiraman.

  • On April 15, 2021, RBI formed the RRA 2.0 for a period of 1 year from May 01, 2021 to Streamline RBI’s Regulations and Reduce Compliance. M. Rajeshwar Rao, Deputy Governor, RBI was the RRA (head).


Q3. Which NBFCs has launched ‘Savdhan Rahein, Safe Rahein’, a public awareness campaign on financial fraud risks to educate customers and public at large on financial fraud risks?

Correct Answer is Bajaj Finserv.

  • The campaign also alerts the customers to be mindful of the various signs and means to differentiate between the genuine Bajaj Finserv entity and a fake one, whether on web or social media platforms.
  • The brand has also gone live with the campaign on other infotainment and entertainment apps like Chingari, Josh and Jio Saavn, to effectively reach out to the regional audiences, present on these platforms.


Q4. Which entity in association with Mastercard has released a report titled ‘Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat’?

Correct Answer is NITI Aayog.

  • The report identifies challenges in accelerating digital financial inclusion in India and provides recommendations for making digital services accessible to its 1.3 billion citizens.
  • Based on five roundtable discussions held in October and November 2020, the report highlights key issues and opportunities, with inferences and recommendations on policy and capacity building across agriculture, small business (MSMEs), urban mobility and cyber security.


Q5. What is India’s growth forecast for the year 2021, as per the World Economic Situation and Prospects report released by the United Nations recently?

Correct Answer is 7.5%.

  • However, the country’s outlook for the year remained “highly fragile”.
  • The World Economic Situation and Prospects report also projected India’s GDP to grow by 10.1% in 2022.


Q6. Which organization releases the World Economic Situation and Prospects Report?

Correct Answer is United Nations.

  • The World Economic Situation and Prospects 2021, produced by the United Nations Department of Economic and Social Affairs (UN DESA).
  • The World Economic Situation and Prospects report also projected India’s GDP to grow by 7.5% in 2021.
  • It also projected India’s GDP to grow by 10.1% in 2022.


Q7. Which bank has launched the ‘Asia Pacific Tax Hub’ to enhance International Tax Cooperation?

Correct Answer is Asian Development Bank.

  • The Hub will create an open and inclusive platform for promoting strategic policy dialogue, improving knowledge sharing & strengthening coordination on tax policy and administration among ADB members and development partners.
  • It will maximise the regional and international resources to strengthen domestic resource mobilisation and international tax cooperation among ADB’s Developing Member Countries (DMCs).


Q8. Which NBFCs has collaborated with NIRA, a Bangalore-based fintech start-up to strengthen its digital footprint and enhance the personal loans growth?

Correct Answer is Muthoot Finance Ltd.

  • Loan Benefit under the partnership: The salaried customers could avail personal loan up to Rs 1 lakh from Muthoot Finance through the NIRA app (downloadable from Google’s Play store).
  • NIRA fintech is offering small ticket personal loans to salaried customers of India’s middle class.


Q9. Which bank has entered into a strategic tie-up with Mashreq Bank of UAE, to facilitate money transfers from the UAE to India?

Correct Answer is Federal Bank.

  • The partnership will support Mashreq’s payment product “QuickRemit”, which was launched in 2017.
  • The agreement made Mashreq bank as the first bank in the UAE to offer instant and same day credit facility to so many places, including the UK, Singapore, Philippines, Australia, Canada, Sri Lanka and majority of European countries.


Q10. Geojit Financial Services has entered into an agreement with which bank to provide the advantage of a three-in-one account to the customers of the bank?

Correct Answer is Punjab National Bank.

  • The Three Accounts are, Savings Account, a Demat Account and a Trading Account.
  • The new service gives all the customers who have a savings account with PNB, a PNB demat account and Geojit trading account.
  • It helps to diversify investments and manage it all through one account.


Q11. In partnership with remittance firms – Wise and Western Union, which digital wallet company has launched International Money Transfers for its United States (US) users to transfer money to app customers in India & Singapore?

Correct Answer is Google Pay.

  • Using the feature, Google Pay users in the US can transfer money to app customers in India & Singapore.
  • Google is planning to expand the feature to around 80 countries through Wise, and around 100 through Western Union by the end of 2021.


Q12. According to HDFC Bank what will be India’s growth rate in the year 2021-22?

Correct Answer is 10 per cent.

  • HDFC Bank has cut India’s growth projection to 10 per cent from 11.5 per cent for the current financial year, citing the adverse effect of the second Covid-19 wave.
  • In a worst-case scenario of COVID-19, the bank has predicted the GDP rate to be at 8%.


Q13. According to revised estimate of Care Ratings, the GDP growth forecast of India for the current fiscal year 2021-2022 (FY22)?

Correct Answer is 9.2%.

  • The domestic rating agency, Care Ratings, has revised the GDP growth forecast of India for the current fiscal year 2021-2022 (FY22) to 9.2 per cent.
  • This is lower than 10.2 per cent estimated earlier in April 2021.


Q14. Which small finance bank has launched the “I choose my number” feature for all its customers across India select their favourite numbers as their savings or current account number?

Correct Answer is Jana Small Finance Bank.

  • Jana Small Finance Bank has announced the launch of the “I choose my number” feature for all its customers across India.
  • This new feature gives the bank’s existing and new customers the option to select their favourite numbers as their savings or current account number.


Q15. Which digital payment platform has launched ‘COVID-19 Vaccine Finder,’ an integrated platform to help citizens check the availability of vaccination slots – on its Mini App Store?

Correct Answer is Paytm.

  • The platform will help citizens to check the availability of vaccination slots for a specific date by individually entering different pin codes or district details along with age group (18 or 45).


Q16. What is India’s growth forecast for the year 2021, as per the World Economic Situation and Prospects report released by the United Nations recently?

Correct Answer is 10.1%.

  • However, the country’s outlook for the year remained “highly fragile”.
  • The World Economic Situation and Prospects report also projected India’s GDP to grow by 10.1% in 2022.


Q17. Japanese brokerage Nomura revised its GDP growth estimate for India for the current 2021-22 fiscal to how much percent?

Correct Answer is 10.8%.

  • It said the activity levels have dropped further to 64.5 per cent of the pre-pandemic levels in the week to May 9 as per a proprietary index, after a further 5 percentage points drop in the week.
  • The activity levels, at present, are at par with those seen in June 2020.


Q18. Moody’s Investors Service slashed India’s growth forecast for the current financial year to how much percent?

Correct Answer is 9.3%.

  • Moody’s Investors Service slashed India’s growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery and increases risk of longer-term scarring.
  • Moody’s, which has a ‘Baa3’ rating on India with a negative outlook, said obstacles to economic growth, high debt and weak financial system contrain sovereign credit profile.


Q19. Which bank has acquired a 10% stake in CSC Grameen e-Store, a special purpose vehicle run by the Ministry of Electronics and Information Technology?

Correct Answer is HDFC Bank.

  • The partnership between the country’s largest private bank and CSC Grameen aims to deliver and scale access to financial services and banking products to semi-urban and rural customers.


Q20. Which Payments Bank has launched “DigiGold”, a digital platform for customers to make investments in gold?

Correct Answer is Airtel Payments Bank.

  • This has been rolled out in partnership with SafeGold, a provider of digital gold.
  • With DigiGold, Airtel Payments Bank’s saving account customers can invest in 24K gold using the Airtel Thanks app.
  • Customers can also gift DigiGold to their family and friends, who have a savings account with Airtel Payments Bank.

Obituaries

Q1. Rajya Sabha member, Raghunath Mohapatra has passed away recently, he was a veteran?

Correct Answer is Sculptor.

  • Hailing from Odisha, Mohapatra was awarded Padma Shri in 1975, Padma Bhushan in 2001 and Padma Vibhushan in 2013 for his pioneering contributions to the world of art, architecture and culture.


Q2. Renowned personality Shesh Narayan Singh has passed away recently, he was veteran?

Correct Answer is Journalist.

  • Veteran senior journalist Shesh Narayan Singh has passed away while undergoing treatment for COVID-19. He was 70.
  • A columnist, political commentator and an expert on foreign policy, Shesh Narain Singh had a career spanning over two decades.


Q3. Arjuna Awardee Venugopal Chandrasekhar passed away due to COVID-19 related complications, he was associated with which sport?

Correct Answer is Table Tennis.

  • He was born in Chennai, Tamil Nadu. V Chandrasekhar is popularly known as a 3 times national champion.
  • V Chandrasekhar represented India in the Commonwealth Games in 1982.
  • He has also served as a coach.
  • He was honoured with the Arjuna Award in 1982.


Q4. Renowned personality Homen Borgohain passed away recently, he was a veteran litterateur of which language?

Correct Answer is Assamese.

  • His body of work includes 11 novels and four non-fictions.
  • He won the Sahitya Akademi in 1978 for his novel Pita Putra but returned the award in 2015 to protest the growing intolerance in India.
  • The late writer was serving as the editor-in-chief of Assamese daily Niyomiya Barta until his death.


Q5. Renowned sportsperson Fortunato Franco passed away recently, he was associated with which sports?

Correct Answer is Football.

  • One of India’s finest mid-fielders, Franco was a part of Indian football’s golden era between 1960-64.
  • Franco was a part of the 1960 Rome Olympics squad but didn’t get a game. However, he was an integral part of the 1962 Asian Games gold winning team in Jakarta.

- Renowned personality KR Gouri Amma passed away recently she was a veteran?

Correct Answer is Politician.

  • The senior-most communist leader of Kerala, KR Gouri Amma, who was the first Revenue Minister in the first communist ministry of the state in 1957, has passed away due to age-related ailments.
  • She was 102. She was the second longest-serving MLA in Kerala Legislative Assembly and also the last surviving member of the first Kerala government.


Q6. Freedom fighter Anup Bhattacharya passed away recently, by profession he was a?

Correct Answer is musician.

  • Freedom fighter and Swadhin Bangla Betar Kendra musician, Anup Bhattacharya passed away.
  • During the liberation war of Bangladesh, he worked as the composer and music director at Swadhin Bangla Betar Kendra.
  • He is also a founder member of the Rabindra Sangeet Shilpi Sangstha.


Q7. Padma Shri awardee Gutha Muniratnam passed away recently he was a veteran?

Correct Answer is Social Activist.

  • He was a disciple of Acharya N.G. Ranga and former Member of Parliament.
  • He founded the Tirupati-based Rayalaseema Seva Samithi (RASS) as a social organisation with diverse activities in the form of reaching out to the mentally challenged, caring for the children, support to widows, tribal welfare, drug addiction victims and special care to senior citizens.

Important Days

Q1. World Migratory Bird Day is officially celebrated every year on?

Correct Answer is 2nd Saturday (8th May 2021).

  • The Day is celebrated to raise awareness of migratory birds and the importance of international cooperation to conserve them.
  • This year’s World Migratory Bird Day theme is “Sing, Fly, Soar – Like a Bird!”.


Q2. World Red Cross Day is also known as Red Crescent Day is celebrated every year on?

Correct Answer is 8th May.

  • This date marks the birth anniversary of Henry Dunant, who is the founder of the International Committee of the Red Cross (ICRC)
  • The theme of World Red Cross Day 2021 is ‘Together we are unstoppable’.


Q3. World Thalassemia Day is observed every year on which date?

Correct Answer is 8th May.

  • The day commemorates the struggles of the patients suffering from this genetic disorder and raise awareness about the disease and its symptoms.
  • This year’s theme of World Thalassemia Day is “Addressing Health Inequalities Across the Global Thalassemia Community”.


Q4. In India, the National Technology Day is celebrated every year on which date to highlight the achievements of engineers and scientists in the field of technology and science?

Correct Answer is 11th May.

  • The day acts as a reminder of the country's technological advancements. It was first observed on May 11, 1999, and aims to commemorate the scientific and technological achievements of Indian scientists and engineers.
  • National Technology Day holds great importance because on this particular day in 1998, India achieved multiple notable technological progressions.
  • The theme of the National Technology Day 2021 is “Science and Technology for a Sustainable Future”.


Q5. The International Nurses Day is observed every year on which date?

Correct Answer is 12th May.

  • The Day is celebrated to commemorate the birth anniversary of Florence Nightingale, the founder of modern nursing.
  • The celebration of International Nurses Day started in 1965 by the International Council of Nurses (ICN).
  • The theme for this year’s International Nurses Day is Nurses: A Voice to Lead-A Vision for Future Healthcare.

New Appointments

Q1. Who has been sworn in as the 15th Chief Minister of Assam?

Correct Answer is Himanta Biswa Sarma.

  • He took the charge of the office with effect from May 10, 2021.
  • The BJP party won a second straight term in the 2021 assembly polls in the state.
  • The party won 60 seats in the 126-member Assam assembly.


Q2. Who has been sworn in as the Chief Minister of the Union Territory of Puducherry, for a record fourth time?

Correct Answer is N Rangasamy.

  • N Rangasamy was administered the oath of office and secrecy by Lieutenant governor (additional charge) Tamilisai Soundararajan.
  • Prior to this, the 71-year-old served as Chief Minister of Puducherry from 2001 to 2008 as a member of the Indian National Congress and then from 2011 to 2016 as a member of AINRC.


Q3. Who has been appointed as the chairman and managing director of state-run oil refining and marketing firm Bharat Petroleum Corporation Ltd (BPCL)?

Correct Answer is Arun Kumar Singh.

  • The Public Enterprises Selection Board (PESB), the government’s head-hunter, has picked Arun Kumar Singh as the chairman and managing director of state-run oil refining and marketing firm Bharat Petroleum Corporation Ltd (BPCL).
  • Arun Kumar Singh is currently director, marketing at BPCL and holding additional charge of Director, Refineries.


Q4. Name the Indian origin immunologist, who has been elected to the prestigious National Academy of Sciences in recognition of his “distinguished and continuing achievements in original research?

Correct Answer is Sankar Ghosh.

  • He was among the 120 newly elected members announced by the Academy.
  • Sankar Ghosh is the Silverstein and Hutt Family Professor of Microbiology and Chair of the Department of Microbiology & Immunology at the Vagelos College of Physicians and Surgeons at Columbia University.
  • He is also a fellow of the American Association for the Advancement of Science.


Q5. Who has been appointed as the National President of FICCI Ladies Organization (FLO), the oldest women-led & womencentric business chamber of Southeast Asia?

Correct Answer is Ujjwala Singhania.

  • As the 38th National President of FLO Singhania will focus on empowering women by facilitating an enabling environment that promotes entrepreneurship, industry participation and economic development of women.
  • Under her leadership, FLO will carry out many interventions towards fostering larger contributions of women in India’s Industrial and economic growth story.


Q6. Who will be the Chief Executive officer (CEO) of National Asset Reconstruction Company (NARCL), a proposed entity for taking over bad loans of lenders, predominantly public sector banks?

Correct Answer is Padmakumar M Nair.

  • NARC, also called a 'bad' bank, is expected to be operational in June 2021.
  • Nair, a career banker with SBI, has been chief general manager (CGM) in the stressed assets resolution group (SARG) of the bank since April 2020.
  • Prior to his elevation in 2020, he worked as general manager in the SARG from 2017.
  • He has worked mostly in the corporate banking segment in the last two decades.


Q7. Who has been appointed as the as Executive Director (ED) in the Reserve Bank of India?

Correct Answer is Jose J Kattoor.

  • Prior to being promoted as ED, Mr Kattoor was heading Bengaluru Regional Office of the Reserve Bank as Regional Director for Karnataka.
  • He will look after Human Resource Management Department, Corporate Strategy and Budget Department and Rajbhasha Department.
  • Mr Kattoor has, over a span of three decades, served in communication, human resource management, financial inclusion, supervision, currency management and other areas in the Reserve Bank.


Q8. Who has been sworn in as new NASA Administrator?

Correct Answer is Bill Nelson.

  • Nelson will serve as NASA’s chief executive officer and will be directly accountable to President Biden.
  • In this role, he will articulate the space agency’s vision, will set its programmatic and budget priorities, internal policies and assess the agency’s performance.


Q9. Which bank has appointed Indranil Pan as its chief economist?

Correct Answer is Yes Bank.

  • Private sector lender Yes Bank has appointed Indranil Pan as its chief economist.Pan joins the bank from rival IDFC First Bank.
  • Pan and his team will provide strategic and policy-level inputs for the bank, based on macroeconomic developments at global and national level.
The document Weekly Current Affairs (8th to 14th May 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
Download as PDF

How to Prepare for UPSC

Read our guide to prepare for UPSC which is created by Toppers & the best Teachers

Download free EduRev App

Track your progress, build streaks, highlight & save important lessons and more!

Related Searches

Important questions

,

video lectures

,

Weekly & Monthly - UPSC

,

Weekly & Monthly - UPSC

,

ppt

,

Weekly Current Affairs (8th to 14th May 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily

,

Weekly & Monthly - UPSC

,

Exam

,

Viva Questions

,

Weekly Current Affairs (8th to 14th May 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily

,

Weekly Current Affairs (8th to 14th May 2021) Part - 1 Notes | Study Current Affairs & Hindu Analysis: Daily

,

Semester Notes

,

Summary

,

Sample Paper

,

Extra Questions

,

mock tests for examination

,

shortcuts and tricks

,

MCQs

,

practice quizzes

,

Previous Year Questions with Solutions

,

Free

,

past year papers

,

pdf

,

Objective type Questions

,

study material

;