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Current Affairs Quiz – 07 March 2021

Current Affairs Quiz 07 March 2021: Based on the Current Affairs and Important News of 07 March 2021 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 March 2021. 

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  1. Centre has formed a 259-member high-level national committee, to frame the policies and guidelines for commemorating 75 years of India’s independence.Who is the head of this committee?
    A) Rajnath Singh
    B) Amit Shah
    C) Narendra Modi
    D) Venkaiah Naidu
    View answer
    Option C
    Explanation:
    The Government of India has set up a 259-member high-level national committee, to be headed by Prime Minister Narendra Modi to commemorate 75 years of India’s independence.
  2. Who has been appointed as the Revenue Secretary of India to replace  the incumbent Ajay Bhushan Pandey?
    A) Arun Goel
    B) Subhash Chandra
    C) Ajay Kumar
    D) Tarun Bajaj
    View answer
    Option D
    Explanation:
    Centre has given additional charge of the post of Revenue Secretary to the current Economic Affairs Secretary Tarun Bajaj. Bajaj, a 1988-batch Haryana-cadre IAS officer, replaces Finance Secretary Ajay Bhushan Pandey, upon his superannuation on February 28, 2021.
  3. What is the rate of interest on Provident Fund deposits for the financial year 2020-21, as notified by EPFO recently?
    A) 7%
    B) 8.5%
    C) 8%
    D) 7.5%
    View answer
    Option B
    Explanation:
    The board of Employees’ Provident Fund Organisation (EPFO) has kept the interest rates on Provident Fund deposits for the financial year 2020-21 at 8.5 percent.The rate has been kept unchanged, as in 2019-20.
  4. An Indian origin financial services veteran, has recently been elected as the first Vice President and Chief Operating Officer (COO) of the New York-based Federal Reserve Bank. Name the veteran
    A) Danny Gaekwad
    B) Bhagi Nanda Sandilya
    C) Naureen Hassan 
    D) Shashank Rai
    View answer
    Option C
    Explanation:
    Indian-origin Naureen Hassan has been appointed as the first Vice President and Chief Operating Officer (COO) of the New York-based Federal Reserve Bank, by the Board of Governors of the Federal Reserve System.
  5. The New Delhi World Book Fair 2021 has been organised on virtual platform due to COVID-19 pandemic. What is the theme of this edition?
    A) National Education Policy-2020
    B) Books for Readers with Special Needs
    C) Vivid Bharat – Diverse India
    D) Indigenous Voices: Mapping India’s Folk & Tribal Literature
    View answer
    Option A
    Explanation:
    The Union Education Minister Ramesh Pokhriyal inaugurated the New Delhi World Book Fair 2021-Virtual Edition. It is the 29th  edition of the annual event and for the first time the fair will be held virtually. The program has been organized by the National Book Trust (NBT) on the theme ‘National Education Policy-2020’
  6. M G George, was an Indian entrepreneur, who has passed recently. He was the Chairman of which company?
    A) SBI Cards
    B) Bajaj Finserv Limited
    C) Muthoot Group
    D) Tata Group
    View answer
    Option C
    Explanation:
    M G George Muthoot, the Chairman and Whole Time Director of the Muthoot Group, has passed away. He was 71.
  7. The “Business Kisht Suraksha” is an insurance product launched by which company to protect the balance sheet of  MFIs, financial institutions and banks in the event of a catastrophe or natural disaster?
    A) Tata AIG General Insurance 
    B) ICICI Lombard General Insurance 
    C) Bajaj Allianz General Insurance
    D) HDFC ERGO General Insurance
    View answer
    Option D
    Explanation:
    HDFC ERGO General Insurance has launched a product called “Business Kisht Suraksha”, to provide a unique cover to MFIs, financial institutions and banks in the event of a catastrophe or natural disaster.
  8. How many scholars have been awarded the Indian Science Research Fellowship (ISRF) 2021?
    A) 72
    B) 40
    C) 63
    D) 51
    View answer
    Option B
    Explanation:
    Forty scholars from six countries have been awarded with Indian Science Research Fellowship (ISRF) 2021.
  9. Name the Indian economist who has been appointed as the Assistant Secretary-General and Head of the New York Office of the UNEP
    A) Prakash Lohia
    B) Arora Akanksha
    C) V. Sundramoorthy
    D) Ligia Noronha 
    View answer
    Option D
    Explanation:
    Leading Indian economist Ligia Noronha has been appointed as the Assistant Secretary-General and Head of the New York Office of the United Nations Environment Programme (UNEP).
  10. YIELD is a online tool to enable retail investors direct access to the debt instruments to buy and sell bonds as well as debentures in the secondary market. Which company has launched this product?
    A) Muthoot Finance
    B) Hero FinCorp
    C) Axis Securities 
    D) Bajaj Finance
    View answer
    Option C
    Explanation:
    Axis Securities has launched a first-of-its-kind initiative called ‘YIELD’, that will allow retail investors direct access to the debt instruments, YIELD is an online platform to buy and sell bonds as well as debentures in the secondary market. 
  11. The Employees’ Provident Fund Organisation (EPFO) comes under the administrative control of which ministry?
    A) Ministry of Commerce and Industry
    B) Ministry of Labour and Employment
    C) Ministry of Statistics and Programme Implementation
    D) Ministry of Social Justice and Empowerment
    View answer
    Option B
    Explanation:
    Employees’ Provident Fund is a statutory body established by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Labour and Employment
  12. India will be observing 75th year of Independence in which year?
    A) 2022
    B) 2021
    C) 2023
    D) 2024
    View answer
    Option A
    Explanation:
    The 75 years of India’s Independence will be observed on 15 August 2022

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