Current Affairs Quiz 07 July 2020: Based on the Current Affairs and Important News of 07 July 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 07 July 2020. Attempt our daily current affairs quiz on our mobile app too.
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- Who is the author of the book ‘Overdraft: Saving the Indian Saver’?
A) Viral Acharya
B) Shaktikanta Das
C) Raghuram Rajan
D) Urjit Patel
View answer
Option D
Explanation: Former RBI Governor, Urjit Patel, has written a book titled ‘Overdraft: Saving the Indian Saver’ which focuses on the non-performing assets (NPAs) issue that has afflicted Indian banking in recent years, its causes and Patel’s efforts as the RBI Governor in dealing with it.
- Name the player who has won the Austrian Grand Prix 2020?
A) Lewis Hamilton
B) Valtteri Bottas
C) Charles Leclerc
D) Sebastian Vettel
View answer
Option B
Explanation: Valtteri Bottas (Mercedes-Finland) has won the Austrian Grand Prix 2020. This was the first race of 2020 Formula One season and was held on 5th July 2020. Charles Leclerc finished second for Ferrari while McLaren’s Lando Norris came third.
- Which among the following banks has partnered with Mastercard to facilitate cross-border payments and remittances services by using ‘Mastercard Send’?
A) SBM Bank India
B) Royal Bank of Scotland
C) HSBC India
D) DBS Bank
View answer
Option A
Explanation: SBM Bank India (promoted by Government of Mauritius) and Mastercard have joined hands to facilitate cross-border payments and remittances services by using ‘Mastercard Send’.
- When is the World Zoonoses Day marked annually?
A) July 5
B) July 7
C) July 6
D) July 4
View answer
Option C
Explanation: World Zoonoses Day is held every year on July 6 to raise awareness for the risk of zoonotic diseases.
- As per Goldman Sachs, the GDP growth of the US economy is revised downward for the year 2020 at______
A) -4.6%
B) -5%
C) -3.2%
D) -6.6%
View answer
Option A
Explanation: The Goldman Sachs Group Inc. economists have revised down their estimates for the U.S. economy which is expected to contract 4.6% in 2000, worse than the earlier estimate of 4.2%. However, the growth is expected to rebound to 5.8% in 2021.
- Ofek 16 is a new spy satellite, launched by which country to keep check on threats in the region?
A) China
B) Iran
C) Russia
D) Israel
View answer
Option D
Explanation: On 6th July 2020, Israel Space Agency successfully launched a new spy satellite called ”Ofek 16”, that would help the country in keeping tabs on its many threats across the region. Ofek is an electro-optical reconnaissance satellite with advanced capabilities.
- Which state has launched the scheme Weavers Sammaan Yojana, to provide annual financial aid of Rs 2000 to handloom weavers?
A) Himachal Pradesh
B) Gujarat
C) Karnataka
D) West Bengal
View answer
Option C
Explanation: The Karnataka Chief Minister B. S. Yediyurappa virtually launched Weavers Sammaan Yojana, (Nekar Samman Yojane) on 6th July 2020. Under the scheme, state government will provide annual financial assistance of Rs 2,000 to handloom weavers in the state through Direct Benefit Transfer.
- Which among these days is celebrated as World Chocolate Day every year?
A) 7 July
B) 5 July
C) 6 July
D) 4 July
View answer
Option A
Explanation: World Chocolate Day (also known as International Chocolate Day) is an annual observance taking place globally on 7th July. The day is said to be chosen to celebrate the introduction of chocolate to Europe in 1550.
- Balaram is a agricultural credit scheme launched by which state to provide loan to landless farmers who are facing hardships due to the coronavirus outbreak?
A) Odisha
B) Uttar Pradesh
C) Tamil Nadu
D) Haryana
View answer
Option A
Explanation: The Odisha government, under Chief Minister Naveen Patnaik, has launched a scheme named ‘Balaram’ to provide agricultural credit to landless farmers who are facing hardships due to the coronavirus outbreak. This is a first-of-its type scheme in India, targeting landless farmers of the country. The scheme will provide agriculture credit worth Rs 1,040 crore to landless farmers of the state in the next two years.
- The Syama Prasad Mookerjee Port Trust (SMPT), Kolkata has launched a new shipping service between Kolkata port and Chittagong port. In which country is the Chittagong port located?
A) Maldives
B) Malaysia
C) Sri Lanka
D) Bangladesh
View answer
Option D
Explanation: The Syama Prasad Mookerjee Port Trust (SMPT), Kolkata, has introduced a new service between Kolkata Dock System (KDS) and Chattogram (Chittagong)Port, Bangladesh through Indo-Bangladesh Protocol Route, to transport containers to Chittagong by ship. The vessel used for this new service will be Singapore flag carrier MV Asiatic Moon.
- Lt. Col. Bharat Pannu is a champion in which sports event?
A) Football
B) Cycling
C) Chess
D) Badminton
View answer
Option B
Explanation: Lt. Col. Bharat Pannu, a serving Indian Army Officer and an Ultra Endurance Cyclist from Bengaluru created history on 28th June 2020 by successfully securing a podium place at the first edition of the Virtual Race Across America (VRAAM) 2020. Lt. Col. Pannu finished 3rd on the leaderboard with a total distance of 4086 km in 12 days and total cumulative elevation gain of 71,000 meters.
- ASIATIC MOON is a Container Ship sailing under the flag of which country?
A) Germany
B) Bangladesh
C) Singapore
D) India
View answer
Option C
Explanation: The vessel ASIATIC MOON is a Container Ship built in 2006 (14 years old) and currently sailing under the flag of Singapore.
- Which is the first bank to receive universal banking licence from the RBI to set up and operate as a scheduled commercial bank through the wholly-owned subsidiary mode?
A) HSBC India
B) DBS Bank
C) Royal Bank of Scotland
D) SBM Bank India
View answer
Option D
Explanation: SBM Bank India is the first bank to receive universal banking licence from the RBI to set up and operate as a scheduled commercial bank through the wholly-owned subsidiary mode.
