Current Affairs Quiz – 03 June 2020
Current Affairs Quiz 03 June 2020: Based on the Current Affairs and Important News of 03 June 2020 we have framed important current affairs questions for banking and competitive exams. These current affairs quiz questions will be helpful for upcoming competitive exams. Give our online current affairs test every day to be prepared for all Current Affairs Quiz 03 June 2020. Attempt our daily current affairs quiz on our mobile app too.
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- What is the rank of India in the Startup Ecosystem Rankings Report 2020 by StartupBlink?
A) 10
B) 17
C) 23
D) 29
View answer
Option C
Explanation: StartupBlink has launched the Startup Ecosystem Rankings Report 2020 that ranks 1,000 cities and 100 countries worldwide, based on their startup ecosystem strength and activity level. India has dropped 6 places to be ranked at 23rd spot in the latest ranking, with a score of 5.698. Last year it was placed at 17th spot.
- Which of these days is marked as the International World Bicycle Day?
A) 1 June
B) 3 June
C) First Wednesday of June
D) First Tuesday of June
View answer
Option B
Explanation: Every year the International World Bicycle Day is observed on 3rd June to recognise the uniqueness, longevity and versatility of the Bicycle as a simple, affordable, reliable, clean and environmentally fit sustainable means of transport. The day was declared by the United Nations General Assembly in April 2018.
- Name the bank which has created a new and separate business vertical to focus on financial inclusion and micro-markets (FI&MM)?
A) Union Bank of India
B) Canara Bank
C) Punjab National Bank
D) State Bank of India
View answer
Option D
Explanation: State Bank of India has created a new and separate business vertical to focus on financial inclusion and micro-markets (FI&MM). Under FI&MM, State Bank will offer loans predominantly for agriculture & allied activities, and micro/small enterprises and vastly improve the customer experience for the citizens.
- Government has launched the PM SVANIDHI scheme. It is a special micro-credit facility scheme for providing affordable loan to ______
A) MSME units
B) Street Vendors
C) Migrant Laborers
D) Farmers
View answer
Option B
Explanation: The Ministry of Housing and Urban Affairs has launched PM SVANIDHI (Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi) scheme, which is a special micro-credit facility scheme for providing affordable loan to street vendors, to help them to resume their livelihoods that have been adversely affected due to COVID-19 lockdown.
- Indian player Jayantilal Nanoma has passed away at the age of 34. He represented India in which event at international level?
A) Archery
B) Shooting
C) Wrestling
D) Boxing
View answer
Option A
Explanation: Former international archer turned coach Jayantilal Nanoma passed away in a road mishap when his SUV met with an accident in Rajasthan. He was 34. Nanoma was an Asian Cup and Asian Grand Prix medallist in compound individual and team archery in 2010.
- Who has been appointed as the head of the committee for implementation of Rs 3 lakh crore collateral-free loan scheme for MSMEs?
A) Amit Shah
B) Nitin Gadkari
C) Rajnath Singh
D) Nirmala Sitharaman
View answer
Option C
Explanation: Prime Minister Narendra Modi has appointed a committee to resolve any problem in the implementation of the Rs 3 lakh crore collateral-free loan scheme for MSMEs. The committee will be headed by Union Minister Rajnath Singh. The MSME units should have up to Rs 25 crore outstanding credit and Rs 100 crore turnover to apply for the loan scheme.
- Which country has topped the StartupBlink’s Startup Ecosystem Rankings Report 2020?
A) Israel
B) United Kingdom
C) United States
D) Germany
View answer
Option C
Explanation: United States has topped the ranking list with a score of 123.167. United Kingdom, Israel, Canada and Germany are the top 5 countries in the list respectively.
- Subramanian Sundar has been reappointed as the MD and CEO of which of these banks?
A) Karnataka Bank Ltd
B) City Union Bank
C) South Indian Bank
D) Lakshmi Vilas Bank
View answer
Option D
Explanation: The Reserve Bank of India (RBI) has approved the extension of the tenure of Subramanian Sundar as the MD and CEO of the Lakshmi Vilas Bank, for a period of another six months. Now he will continue his tenure till November 30, 2020 or till the appointment of the new CEO, whichever is earlier. This is the second extension given to Mr. Sundar. He was appointed as the MD & CEO (interim) from January 1, 2020 to April 30.
- Which among these brands has topped the Brand Finance’s 2020 Brand Value Report 5000?
A) Microsoft
B) Amazon
C) Samsung
D) Google
View answer
Option B
Explanation: Brand Finance has released its annual Brand Value Report 5000 for the year 2020. It is for the third consecutive year that Amazon has retained the title of the world’s most valuable brand having brand valuation of $220,791 million. It is also made history by becoming the first brand in Brand Finance Global 500 to exceed US$200 billion value mark. Google has jumped one place up to come second in the list at $159,722 million. In 2019 it was at 3rd spot.
- How many states have been included under the One Nation One Ration Card scheme till date?
A) 20
B) 17
C) 23
D) 26
View answer
Option A
Explanation: As per the data by the Union Minister of Consumer Affairs, Food & Public Distribution Shri Ram Vilas Paswan, three more states namely Odisha, Sikkim and Mizoram joined the ‘Integrated Management of Public Distribution System’ (IM-PDS) on 01 June 2020. With this, now total 20 states and UTs are included under this scheme. Governments aims to add all the states to One Nation One Ration Card scheme by 31st March 2021 so that the scheme will be operational all over India.
- Ultra Swachh is a disinfection unit for disinfecting a wide range of materials, including Personal Protective Equipment (PPEs), electronics items and fabrics. The technology has been developed by?
A) NPCI
B) IIT Madras
C) DRDO
D) Delhi Police
View answer
Option C
Explanation: The Defence Research and Development Organisation (DRDO) has developed a disinfection unit named ‘Ultra Swachh’ to disinfect a wide range of materials, including Personal Protective Equipment (PPEs), electronics items and fabrics. The unit has been developed by DRDO’s Delhi based laboratory, Institute of Nuclear Medicine & Allied Sciences (INMAS), with industry partner M/s Gel Craft Healthcare Private Ltd, Ghaziabad.
- K. N.Lakshmanan who died recently was the former President of BJP for which state?
A) Karnataka
B) Tamil Nadu
C) Andhra Pradesh
D) Odisha
View answer
Option B
Explanation: Former Tamil Nadu BJP President K. N.Lakshmanan passed away due to age related ailments at the age of 90. Lakshmanan served as BJP’s State President between 1984 and 1989 and 1996 and 2000.
- Name the portal unveiled by the government for MSME sector to make the smaller units big by solving their grievances and supporting them?
A) CONQUEROR
B) VICTORY
C) WINNERS
D) CHAMPIONS
View answer
Option D
Explanation: On 01 June 2020, Prime Minister Shri Narendra Modi launched a portal called CHAMPIONS in an effort to empower the MSME sector. The technology platform CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. The portal is a one-stop-shop solution of MSME Ministry, which aims at making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.
- Which is the top Indian brand in the 2020 Brand Value Report by Brand Finance?
A) Tata Group
B) LIC
C) State Bank of India
D) Infosys
View answer
Option A
Explanation: Among Indian companies, Tata Group has once again retained its position as top Indian brand. It is the only Indian brand to feature in top 100. Globally, it is ranked at 85th spot with brand value of USD 20 billion, becoming the first Indian brand to cross this mark.
- To be eligible for the Rs 3 lakh crore collateral-free loan scheme for MSMEs, the turnover of the company should be upto________
A) Rs 200 crore
B) Rs 50 crore
C) Rs 100 crore
D) Rs 150 crore
View answer
Option C
Explanation: The MSME units should have up to Rs 25 crore outstanding credit and Rs 100 crore turnover to apply for the loan scheme. The tenure of the loan will be 4-year with a moratorium of 12 months.
