Current Affairs Quiz – 29 June 2019

Current Affairs Quiz 29 June 2019: Based on the Current Affairs and Important News of 29 June 2019 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 29 June 2019. Most important current affairs questions for 29 June 2019 Current affairs quiz questions important for competitive exam. We try to prepare the best and most expected current affairs questions with answers. Attempt our daily current affairs quiz on our mobile app too.

  1. What is the new rate of interest applicable on Sukanya Samriddhi Accounts for the third quarter of current fiscal?
    A) 8.6%
    B) 8.4%
    C) 8.5%
    D) 8.2%
    View answer
    Option B
    Explanation:
    The rate for April-June quarter is 8.5%
  2. Name the new portal launched by RBI to electronically maintain the details of Banking Outlets in India
    A) AWARE

    B) FLAIR
    C) BIOIS
    D) CISBI
    View answer
    Option D
    Explanation: 
    The Reserve Bank maintains the directory of all Banking Outlets/offices in India. This directory is known as the “Master Office File” (MOF) system. Until now the system was updated manually as banks reported the details of Banking Outlets via email. Now to automate this process RBI has launched a portal Central Information System for Banking Infrastructure (CISBI) (https://cisbi.rbi.org.in) to replace the MOF system. 
  3. TRIFED is a PSU under which ministry?
    A) Ministry of Tribal Affairs

    B) Ministry of Power
    C) Ministry of HRD
    D) Ministry  of Sports
    View answer
    Option A
    Explanation: 
    The Minister of State for Tribal Affairs, Smt. Renuka Singh launched the “Go Tribal Campaign” of Tribes India to widely promote the use of tribal products. The Minister also launched ‘Tribes India’ globally through Amazon Global Selling. Tribes India will now be able to sell its product in global marketplace through Amazon. Tribes India is a brand under TRIFED (Tribal Cooperative Marketing Development Federation of India), Ministry of Tribal Affairs. 
  4. What will be the minimum Leverage Ratio for Basel III Capital Regulations for Domestic Systemically Important Banks (DSIBs) from October 2019?
    A) 3.5%

    B) 3%
    C) 4%
    D) 4.5%
    View answer
    Option C
    Explanation: 
    The Reserve Bank of India has announced that from October 01, 2019 the minimum Leverage Ratio for Basel III Capital Regulations will be 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks.
  5. The International Day of the Tropics is held every year on____________
    A) June 28

    B) June 29
    C) June 27
    D) June 26
    View answer
    Option B
    Explanation: 
    The International Day of the Tropics is observed every year on June 29 to raise awareness to the specific challenges faced by tropical areas and also underline the important role that countries in the tropics will play in achieving the Sustainable Development Goals.
  6. The indigenously developed nuclear-capable missile Prithvi-II is a __________ type of missile
    A) surface-to-surface

    B) air-to-air
    C) air-to-surface
    D) surface-to-air
    View answer
    Option A
    Explanation: 
    The indigenously developed nuclear-capable missile Prithvi-II was successfully test-fired by India from Launch Complex-III of the Integrated Test Range, ITR at Chandipur off the Odisha coast on June 27, 2019. The surface-to-surface missile has a strike range of 350 km, is capable of carrying 500 to 1000 kg of warheads and is powered by liquid propulsion twin engines.
  7. The Government has reduced the Interest Rates on Small Savings Schemes by how many basis points for July-September 2019 quarter
    A) 2 bp

    B) 5 bp
    C) 10 bp
    D) 15 bp
    View answer
    Option C
    Explanation:
    The central government has reduced the Interest Rates on Small Savings Schemes by 10 basis points for the July-September 2019 quarter
  8. Which of these institutions has bestowed honorary doctorate on Pullela Gopichand recently?
    A) IIT Madras

    B) IIT Kanpur
    C) IIT Bombay
    D) IIT Delhi
    View answer
    Option B
    Explanation: 
    India’s chief national badminton coach Pullela Gopichand has been bestowed with the honorary doctorate by IIT Kanpur on the occasion of their 52nd convocation on June 28, 2019. Infosys Chairperson Sudha Murthy and missile woman Tessy Thomas were other two to received this honour. 
  9. Who has been selected as the interim resolution professional (RP) by Jet Airways lenders consortium for the airline’s bankruptcy proceedings?
    A) Ashish Chhawchharia

    B) VP Singh
    C) Ravikumar Duraisamy
    D) Naresh Goyal
    View answer
    Option A
    Explanation: 
    The Jet Airways lenders consortium has selected Ashish Chhawchharia of advisory firm Grant Thornton for the role of interim resolution professional (RP) for the airline’s bankruptcy proceedings.The consortium led by State Bank of India (SBI) had opted for a resolution of the grounded airline under the Insolvency and Bankruptcy Code (IBC).
  10. Marcus Trescothick has recently announced his retirement from which sports?
    A) Golf

    B) Formula 1
    C) Cricket
    D) Soccer
    View answer
    Option C
    Explanation: 
    Cricketer Marcus Trescothick has announced retirement from professional cricket. He played for Somerset. He is 43 years in age. 
  11. When is the National Statistics Day 2019 observed?
    A) June 26

    B) June 29
    C) June 28
    D) June 27
    View answer
    Option B
    Explanation: 
    The Government of India celebrates Statistics Day on June 29 every year to popularize the use of Statistics in everyday life and sensitize the public as to how Statistics helps in shaping and framing policies. The theme of Statistics Day, 2019 is “Sustainable Development Goals (SDGs)”. 
  12. What is the deadline set by government for implementing the ‘one nation, one ration card’ system?
    A) December 31

    B) July 31
    C) September 30
    D) June 30
    View answer
    Option D
    Explanation: 
    The central government has given State/UT Government a deadline of June 30, 2020 for implementing the ‘one nation, one ration card’ system.
  13. Abburi Chaya Devi, the noted Sahitya Akademi Award writer who passed away recently wrote in which language?
    A) Telugu

    B) Malayalam
    C) Marathi
    D) Bengali
    View answer
    Option A
    Explanation: 
    Noted Telugu story writer Abburi Chaya Devi passed away at the age of 86.
  14. Which of these is not the correct option with respect to the new interest rate on Small Savings Schemes?
    A) Senior Citizen Savings Scheme (SCSS) – 8.6%

    B) Public Provident Fund Account (PPF ) – 8.0%
    C) National Savings Certificates (NSC) – 7.9%
    D) Kisan Vikas Patra (KVP ) – 7.6%
    View answer
    Option B
    Explanation:
    Public Provident Fund Account (PPF )- 7.9%
  15. How much amount has been set between India and Indonesia as target for bilateral trade for a period till 2025?
    A) USD 75 bn

    B) USD 25 bn
    C) USD 50 bn
    D) USD 100 bn
    View answer
    Option C
    Explanation: 
    India and Indonesia have set a USD 50 billion target for bilateral trade over the next six years i.e till 2025. Trade between the two countries in 2016 was USD 12.9 billion. It rose 28.7%  to USD 18.13 billion in 2017 

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Tags: June 2019; Questions based on daily Current Affairs; Current Affairs Multiple Choice Quiz; Current Affairs Questions and Answers

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