Daily Current Affairs Quiz : July 8, 2022

1.Which institution released the ‘Global Findex database 2021’?

[A] RBI
[B] World Bank
[C] IMF
[D] World Economic Forum

 

Correct Answer: B [World Bank]
Notes:
The World Bank released the Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19
It surveyed how people in 123 economies use financial services throughout 2021. As per the report, large share of the global population without formal banking lives in India and China because of their size. The report also found that women are more likely to be unbanked than men.

 

2.Which city is the host of ‘2022 Global biodiversity conclave’?

[A] Paris
[B] Bonn
[C] Geneva
[D] Davos

 

Correct Answer: B [Bonn]
Notes:
The 2022 Global biodiversity conclave is organised in Bonn, Germany. Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) announced that Assessment on the Sustainable Use of Wild Species will be released.
Sustainable use of wild species keeping in mind the well-being of communities that depend on them for livelihood will be the focus of the report to be released.

 

3.As per the RBIs liberalised norms, what is the new limit of External Commercial Borrowing (ECB) under automatic route?

[A] USD 500 million
[B] USD 1 billion
[C] USD 1.5 billion
[D] USD 2 billion

 

Correct Answer: C [USD 1.5 billion]
Notes:
Reserve Bank of India (RBI) liberalised norms to boost inflows of foreign exchange. The measures include easing norms for FPI investment in debt market, and increasing the External Commercial Borrowing (ECB) limit under the automatic route from USD750 million or its equivalent per financial year to USD 1.5 billion.
Exemption from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) on Incremental FCNR (B) and NRE Term Deposits was also announced.

 

4.Which company launched ‘Startup School India (SSI)’ initiative?

[A] Microsoft
[B] Google
[C] Amazon
[D] Meta

 

Correct Answer: B [Google]
Notes:
Tech Major Google announced the launch of Start-up School India (SSI) as part of the Google for Start-ups initiative.
This is a platform under which Google will bring together investors, entrepreneurs and programmers and provide opportunities to start-ups from small cities to interact and learn from them. Google aims to reach out to at least 10,000 start-ups with this programme.

 

5.Ilaiyaraaja, who was recently nominated to Rajya Sabha, is an eminent personality in which field?

[A] Music
[B] Sports
[C] Business
[D] Literature

 

Correct Answer: A [Music]
Notes:
Legendary music director Ilaiyaraaja was recently nominated to Rajya Sabha, along with veteran athlete PT Usha, film screenwriter V Vijayendra Prasad and spiritual leader Veerendra Heggade.
The nominations are done by the President on the advice of the Union Cabinet. While PT Usha is from Kerala, Ilaiyaraaja is from Tamil Nadu, Veerendra Heggade is from Karnataka and Vijayendra Prasad is from Andhra Pradesh.

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