Current Affairs Summary with Quiz 06 May 2021

Preparation with Monthly Current Affairs 2021 will be very fruitful for the banking aspirants. Many bank exams either in Prelims or Mains, consists of questions from Current Affairs. Generally, six months of current affairs are advised to prepare to crack the upcoming bank exams. Here, we are providing you with the monthly current affairs pdf. In this pdf, you will get Current Affairs Summary ebooks for quick revision. Ebooks will give you the best way to read and revise important monthly current affairs before the exam in a short period. Monthly Current Affairs PDF can help you to score better in the general awareness section of various banking exams.

Contents

0% IGST on Import of Covid-related relief material

The Government of India recently waived the Integrated GST till June 30, 2021. This included Remdesivir, Beta cyclodextrin, medical-grade oxygen, oxygen concentrators, cryogenic transport tanks, etc.

Conditions

The Government of India has provided exemptions under the following conditions:

  • A Nodal Authority should be appointed by the State Government in accordance with the Central Goods and Services Act, 2017.
  • This Nodal Authority will authorize for free distribution of COVID-19 relief material. These goods shall be imported free of cost by the State Government.

What is IGST?

It is one of the three components of Goods and Services Tax. IGST is Integrated Goods and Services Tax. It is levied on inter-state transfer of goods and services. According to the GST rules, IGST is shared between the centre and the state in the ratio of 50:50.

Constitutional Provisions

Under Article 279A of the Constitution, President forms the GST council to administer and govern GST. The chairman of the GST council is the Union Finance Minister of India. The council is planned in such a way that the states will have two-third voting power and the centre will have one-third of the voting power.

GST eligibility in India

In India, every business with a turnover of more than forty lakh rupees is required to pay GST. The limit is more than ten lakh rupees for the North East and hilly states.

The inception of GST in India

In India, the history of GST dates back to 2000. It was suggested by the Vajpayee Government. The then State Finance Ministers formed an Empowered Committee to create a structure of GST.

Meghalaya: 100 million-year-old bones of Sauropods discovered

The researchers in the Geological Survey of India recently found fossil bone fragments of Sauropod dinosaurs. They were 100 million years old. These dinosaur bones were found in West Khasi Hills in the district of Meghalaya. This is the first record of the Sauropods discovered in the region.

Sauropods

  • They had very long necks, small heads, long tails and four pillar-like legs.
  • The findings of Sauropods in Meghalaya make it the fifth state after Gujarat, Madhya Pradesh, Maharashtra and Tamil Nadu. Also, Meghalaya is the only state in the North-East to report Sauropod bones.
  • The first dinosaur bone was discovered at the Bara Simla Hill in Jabalpur Cantonment.

Dinosaurs in India

  • Dinosaurs in India existed from the late Triassic period till the Cretaceous period.
  • The Rajasaurus dinosaur originated in India.
  • Of all the dinosaurs found in India, Barapasaurus was the biggest in India. It was four metres tall and 24 metres in length. The fiercest was the Tyrannosaurus rex.

Why did dinosaurs become extinct on the earth?

A big meteorite crashed into the earth changing its climatic conditions. The dinosaurs couldn’t survive under these climatic conditions. Ash and gas suffocated them and diseases wiped out the populations. Also, the food chain imbalances created due to the meteorite impact led to the starvation of dinosaurs. The meteorite impact killed several animals and burnt most of the forest.

The Dinosaurs became the dominant terrestrial vertebrates after the Triassic-Jurassic extinction event, that is, 201.3 million years ago. Their dominance continued throughout the Cretaceous and Jurassic periods.

SAIL enters 100 most-valued Indian firms list

The stock of SAIL increased to a nine-year high of Rs 135.60 on the BSE. In the last six weeks, the stocks of SAIL has increased by 85%. It has entered the hundred most valued Indian firms list.

SAIL

SAIL is the Steel Authority of Indian Limited. It operates under the Ministry of Steel. The annual turn over of SAIL is around 10 billion USD.

It has five large integrated steel plants. They are the Rourkela steel plant, Bhillai Steel plant, Durgapur steel plant, IISCO and Bokaro Steel plant. These plants are spread in four states namely Odisha, Chattisgarh, West Bengal and Jharkhand. Also, it has three special steel plants namely Visvesvarya iron and steel plant, Salem Steel plant, Alloy steel plant and Ferri Alloy plant at Chandrapur.

Headquarters: New Delhi
CEO: Soma Mondal (1 Jan 2021–)
Founded: 19 January 1954
Number of employees: 65,807 (1 Mar 2021)
Owner: Government of India (64.9%)

National Steel Policy

It was approved by the union cabinet in 2017. Under the policy, the GoI aims to attain steel production of 300 million tonnes by 2030. The following are the main objectives of the National Steel Policy. They are as follows:

  • To increase per capita steel consumption to 160 kg by 2030-31. Currently, it is at 69 kg.
  • To become a net exporter of steel by 2025-26
  • To increase domestic availability of coking coal. This is being done to reduce the import of coking coal to 50% by 2030.

Background

China is the world largest steel producer of crude steel. More than 51% of the world steel production is from China. India became the second-largest steel producer in the world overtaking Japan in 2019. The other top producers of steel are Russia, the USA, South Korea, Brazil and Germany.

Asiatic lions test COVID positive

Around eight Asiatic lions have tested positive for COVID-19 at Hyderabad Nehru Zoological Park. This is the first time that transmission of the virus to the animal has been detected in India.

Asiatic Lions

  • Asiatic Lions are one of the five Pantherine cats that are native to India. The other four are Indian Snow Leopard, Bengal Tiger, Clouded Leopard and Indian Leopard.
  • The range of male Asiatic lions varies between 144 kilometres and 230 kilometres.
  • Gir National Park is the only known habitat for the Asiatic lions in the world.
  • The major threat of Asiatic lions is their vulnerability to natural disaster and unpredictable events such as plague. However, the population of these lions have been constantly increasing since 2010.

Census of Asiatic Lions

  • In June 2020, the Gujarat Forest Department announced that the population of Asiatic lions in the Gir forest region increased to 674 from 523 in 2015. In 2015, several lions died due to an outbreak of Canine Distemper Virus (CDV). Several other lions died in 2018 due to babesiosis. Babesiosis outbreak was reported in 2020 as well.
  • The first census of the Asiatic lions was conducted by the Nawab of Junagadh in 1936.
  • The regular Asiatic Lion census is conducted once in five years. The last census was conducted in 2015. The next census was due in 2020 but was postponed due to COVID-19.

Protection Status of Asiatic lions

  • Wildlife (Protection) Act, 1971: Schedule I
  • CITES Appendix I
  • IUCN: Endangered

Asiatic Lion Reintroduction Project

It was undertaken to protect the surviving population. The project was proposed to reintroduce the Asiatic lions in the Palpur-Kuno Wildlife sanctuary. However, it has currently been put on hold.

Parker Solar Probe: Detected radio signal from Venus

The NASA Spacecraft Parker Solar Probe has discovered a natural radio signal from Venus. These signals were detected when the space probe flew over the upper atmosphere of Venus.

What did Parker Solar Probe find?

The Parker Solar probe has measured the Venusian atmosphere. This is the first direct measurement of the planet’s atmosphere in thirty years. According to the findings of the Parker Solar Probe, just like the earth, planet Venus also has an electrically charged layer of gas in its upper atmosphere called the ionosphere. The radio signal was picked up by the probe from a sea of charged particles in this layer.

Also, the space probe has confirmed that the upper Venus atmosphere undergoes changes over a solar cycle.

Venus and Earth

Both the Earth and Venus are of similar size and structure and are called twin planets. However, unlike the Earth, Venus lacks a magnetic field and its surface is hot enough to melt lead.

Parker Solar Probe

It was launched in 2018 to study the outer corona of the sun. It is to reach 9.86 solar radii, that is, 6.9 million kilometres from the centre of the sun by 2025. The three main objectives of Parker Solar Probe are as follows:

  • To trace the flow of energy that heats and accelerates the solar wind and solar corona
  • To determine the structure of magnetic field and plasma at the sources of solar winds
  • To explore the mechanisms that accelerate energetic particles

Solar Cycle

The sun is a huge ball of electrically charged hot gas. This gas moves to generate a powerful magnetic field. The magnetic field of the sun undergoes changes every eleven years. This is called the solar cycle. Every eleven years, the magnetic field of the sun flips. That is the north and south poles of the sun switch places.

What is Cicadas?

Cicadas are the world longest living insects. They are winged, red-eyed insects that live underground feeding on the roots. They emerge from the underground once in 12-17 years. Recently, it has been predicted that a group of Cicadas called the “Brood X Cicadas” are to emerge across the mid-Atlantic for the first time since 2004.

History of Cicadas

In 1634, pilgrims in Massachusetts witnessed the insects springing from the earth. They called them to “locusts” as they emerged in swarms. However, they are not harmful like that of locusts. This is because they mainly feed on tree leaves. This was the first written record of Cicadas. Around seven species of Cicadas emerge every 13 to 17 years in the East coast and mid west of the US.

Brood X

Brood X are the biggest of the fifteen known Cicadas. They are now to emerge in Ohio, Indiana, Maryland, Washington DC, Indiana. Cicadas molt as they emerge from underground. Molt is to shed skin or hair or feathers paving way for the new growth. The molts add up nutrients to he soil. The total biomass of cicadas is greater then the biomass of cattle the area can support if it were to turned into pastures.

There are more than three thousand Cicadas on the earth. However, only seven are periodical. Some believe that the long underground periods are to avoid predators.

Cicadas

As they emerge from the underground, they live in trees feeding on leaves. The desert Cicadas regulate their body temperatures by evaporative cooling. Evaporative cooling is similar to sweating.

Mayflower 400: First Artificial Intelligence Ship

Mayflower 400 is the world’s first Artificial Intelligence ship.

About Mayflower 400

  • It is 15 metres long and weighs nine tonnes. It is basically a trimaran.
  • It navigates with complete autonomy.
  • The ship is to study marine pollution and analyze plastics in the water. The voyage is important because more than 80% of the underwater world remains unexplored.
  • It has been taught how to avoid collisions. Thus, the ship can correct itself. It has been trained with hundred hours of audio data. The training will help the ship to detect the presence of marine animals and thereby provide information about the population distribution of these animals in the ocean.
  • Sophisticated cameras and radars will act as the eyes and ears of the ship. There are six cameras on the ship.
  • Till now, the ship is capable of handling waves that are fifty metres high.
  • The team is to monitor the ship twenty-four hours from England.
  • It is capable of self-activating a hydrophone that can listen to whales.
  • The ship is covered with solar panels.
  • The data gathered by the ship is to be available for free.

After the launch, Mayflower will become the first unmanned vehicle to cross the Atlantic Ocean.

Benefits

One of the main advantages of launching Mayflower 400 is that it helps to overcome the major challenge in studying the underwater world, which is rough seas. Sailors get sick at sea or a storm might strike them down. The exploration area by a ship can be increased three-fold if it takes a voyage without people.

What is Oktoberfest?

Oktoberfest is an annual festival celebrated in the month of October for two weeks in Munich, Germany. Recently, the German Government announced that the celebrations of Oktoberfest have been cancelled due to COVID-19. This is the second consecutive year the celebrations are being cancelled in Germany.

What is Oktoberfest

  • It is a 16-to-18-day festival that is celebrated in the month of September-October.
  • More than six million people from all over the world participate in the celebrations.
  • It is called d’Wiesen locally.
  • The festival is a part of the Bavarian culture.
  • It is being celebrated in the country since 1810.
  • During the festival, large quantities of Beer are consumed. In 2013, more than 7.7 million litres were served.
  • It was originally celebrated for a duration of sixteen days. After 1994, that is, after German unification this was changed. The festival ends on the first Sunday of October usually. However, after unification of Germany, this was extended to October 3 if the first Sunday falls on October first or October second. October 3 is celebrated as German Unity Day.
  • The official ground where the festival is called Theresienwiese. It is an open space of 420,000 square metres. It is named after the Princess Therese.

History of Oktoberfest

The citizens of Munich were invited to attend the celebrations of King Ludwig I wedding with Princess Therese on October 12, 1810. King Ludwig later became King Louis I. He stayed in power till the March revolution or the 1848 revolutions. During the wedding, a parade took place and it has become an annual event sine then.

India-UK Roadmap 2030 and Enhanced Trade Partnership

The Indian Prime Minister Narendra Modi and the UK Prime Minister Boris Johnson held a virtual bilateral summit. During the summit, the leaders adopted an ambitious “Roadmap 2030”. This will help to elevate the bilateral ties between the countries.

Also, the leaders launched the Enhanced Trade Partnership which is to be implemented through the 1.4 billion investment deal.

Roadmap 2030

  • India and UK agreed to work closely in the development of India’s indigenous Light Combat Aircraft Mark 2.
  • They will work together to ensure ambitious outcome at the COP26.
  • The roadmap will expand India-UK health partnership. It includes vaccines, supply chains, other medical products.
  • The leaders agreed to remove the trade barriers between the countries and begin the negotiations of Free Trade Agreement. It is to be noted that India and European Union had been trying to sign the Free Trade Agreement for a long time. They are yet to finalise the negotiations. Now after Brexit, UK is free to sign the agreement with India.
  • They agreed on a new cooperation on Maritime Domain Awareness. This includes new agreements on maritime information sharing, invitation to the UK to join the Information Fusion Centre of India in Gurgaon.
  • The countries are working on Logistics Memorandum of Understanding.
  • They highlighted their commitments on the Indo-Pacific.
  • The leaders agreed to build Government-to-Government collaboration on future combat air engine requirement of India.
  • They agreed to strengthen cooperation in United Nations Security Council, G20, UNFCCC, WTO, IMF, World Bank, etc.
  • They agreed to promote Track 1.5 and Track 2 dialogues between the think tanks of the countries.
  • To enhance the engagement in Indian Ocean Rim Association framework
  • To explore Indo-Pacific Oceans Initiative
  • To implement the Comprehensive migration and mobility partnership by 2022. UK has adopted a new skill based immigration policy.
  • To launch UK-India Young Entrepreneurship forum
  • Implement “India-UK Together” (SAATH-SAATH). It is a joint cultural exchange programme.
  • Increase collaboration to accelerate development of GIFT city

Background

The 2030 vision was based on the re-energising trade, investment and technological collaboration between the countries.

Millisecond Pulsars Discovered

A group of astronomers have discovered 8 milli second Pulsars. These pulsars are located within the dense clusters of stars called the “Globular Clusters”. The Pulsars were discovered using the MeerKAT telescope located in South Africa.

What are Milli second Pulsars?

  • The Milli second pulsars are the most compact stars known to mankind. They pin up to 700 times per second. They are much rarer than the slower spinning pulsars. The Milli second pulsars are those pulsars whose rotational period is less than ten milli seconds.
  • The Milli second pulsars are made of neutrons.
  • They are the most extreme objects in the universe with a diameter of about 24 kilometres.
  • Their mass is hundreds of thousands of times the mass of the earth.
  • They emit beams of radio waves.
  • This Pulsar discovery is the first using MeerKAT telescope.
  • The Pulsar discovery comes from two international collaborations TRAPUM and MeerTIME.
  • The discovery will help the Globular Cluster Pulsar Survey of TRAPUM.

How were the milli second pulsars discovered?

The astronomers directed the telescope towards nine globular clusters and they discovered new pulsars in six of them. Of these, six of them orbit around another star.

Pulsars

Pulsar is a neutron star. It is packed with the mass of at least 1.4 times the mass of the sun. They are formed from the explosive deaths of their parent star. Due to their strong magnetic fields the Pulsar emits radio waves at each pole.

MeerKAT Telescope

It is a Karoo Array telescope with sixty-four antennas. Also, it is a radio telescope. It is located in the Northern Cape of South Africa. It is soon to be expanded to MeerKAT+ by installing twenty more antennas.

What are the flaws in SUTRA model?

SUTRA is Susceptible, Undetected, Tested (positive) and Removed Approach. SUTRA is used to chart the trajectory of COVID-19. It is used to predict the future of COVID-19 infections, susceptibility, undetected and positive persons in the country.

This SUTRA Model is backed by GoI and was developed by professors from IIT Kanpur, IIT Hyderabad.

What is the issue?

The SUTRA model predicted in March 2021, that the second wave of COVID-19 is to peak in the third week of April. Also, it is likely to add one lakh cases per day. There are reports claiming that attention was not paid to this. According to Ministry of Science and Technology, these predictions were incorrect. The scientists who developed the model have come forward to explain that these claims are incorrect for the following reasons:

  • The model can predict the future only if the virus dynamics and its transmissibility do not change. In case of COVID-19, the nature of the virus has been changing continuously.

Similarly, the model lags in several other things a well.

What are the flaws in the SUTRA Model?

  • The model was incapable to predict the future under different scenarios. However, its predictions till February 2021 fitted in perfectly.
  • Unlike other models that extrapolated (to predict by projecting the past experiences) cases based on behaviour of the virus, existing number of cases, and the manner of spread, SUTRA chose “Data Centric Approach”.
  • The calibrations made were not correct. The calibrations of the model relied on the Serosurvey conducted by ICMR in May 2021. According to the survey, 0.73% of the Indian population were infected with Corona Virus, which is not correct.
  • The equation that gave out the estimates of number of future infections and when a peak may occur needed constants. These constants relied on number of infections being reported at various intervals. The equations couldn’t say when the constants changed. Bottom line, the model failed to report rapid acceleration of cases in advance.
  • The SUTRA Model was problematic as it relied on too many parameters. Too many parameters put the model into the danger of “overfitting”.
  • It did not include the fact that some people were the bigger transmitters of the virus such as barbers or receptionists.

INS Kolkata reaches Kuwait to bring liquid medical oxygen (LMO)

As a part of Operation Samudra Setu II, INS Kolkata has reached Kuwait to collect Liquid Medical Oxygen from the country. Earlier it embarked 43 oxygen concentrators and two hundred bottles of oxygen from Qatar.

INS Kolkata

It is a stealth guided missile destroyer. In 2015, BrahMos missile and Barak 8 missiles were test fired from INS Kolkata.

Foreign Aid to India

Several countries have come forward to help India. Their aid is as follows:

  • UK: 215 Oxygen concentrators, 140 ventilators
  • Mauritius: 200 Oxygen Concentrators
  • Singapore: 256 Oxygen cylinders
  • Russia: 150 bedside monitors, 20 large scale oxygen concentrators, two lakh packs of Favipiravir.
  • UAE: 480 BiPAPs, 157 ventilators, Goggles and Masks.
  • USA: 423 oxygen cylinders, 210 pulse oximeters, 184,000 Rapid Diagnostic test kits, 17 H-size Oxygen cylinders and seven lakh Abbott Rapid Diagnostic Test Kits

The other countries that sent relief supplies were Germany, Thailand, Uzbekistan, France, Belgium, Romania, Ireland, UAE.

How are the foreign aid being dispatched?

The Government of India has set an inter-ministerial group to clear the global relief material as early as possible and make sure if the aid reaches the concerned department on time.

Steps to fast track the clearance

  • Goods of high priority are cleared by the Customs system for processing over the other goods.
  • The Nodal officers get alerts on email about clearance and monitoring

Other steps

SC strikes down Maratha reservation

The Supreme Court of India recently struck down Maratha reservation in the state as it breaches 50% ceiling of reservation. This was done by striking down the Maharashtra law that guaranteed reservation for the Maratha community their quota in employment and public education.

Inception

In 2016, several Marathas came together under the “Maratha Kranti Morcha”. They joined hands to protest the rape and killing of a fifteen-year-old girl in Kopardi village, Ahmednagar. Though Kopardi incident was a trigger, it was later centred on reservation for the Maratha community in educational institutions and government jobs. In 2017, silent, massive rallies were held that consolidated more and more Marathas towards this cause. They also demanded for loan waiver to farmers, justice for the Kopardi girl.

In 2018, street protests turned violent. Some even committed suicides. “Ek Maratha Lakh Maratha” was their slogan.

M G Gaikwad Commission

The then CM Fadnavis (BJP) set a eleven member commission under retired justice N G Gaikwad. The commission recommended that the Marathas should be given reservation as it was a Socially and Educationally Backward Class (SEBC). The commission did not specify quota percentage. It was left to the State Government to decide upon.

Reservation provided

In 2018, the State Government of Maharashtra provided reservation to the Marathas under the Maharashtra Socially and Educationally Backward Act. The act was approved in both the assembly and the council.

Reservation challenged in High Court

A Public Interest Litigation challenged the reservation under SEBC in Bombay High Court. The High Court upheld the reservation and pronounced that the reservation should be 12% in education and 13% in jobs instead of 16%.

Impact on Socio-Political Order

Marathas constitute 32% of the population of Maharashtra. They are a major political force in Maharashtra. The SC’s order is to deepen the divide between OBCs and Marathas that was created by reservation politics.

Telecom Department permits 5G Technology and Spectrum Trials

The Department of Telecommunications recently allowed mobile operators to conduct 5G trials. The Chinese companies, however, have been kept out of the trials.

About the Spectrum Trials

  • The Telecom Department has allowed Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL to conduct trials using 5G technology. These service providers have tied up with original equipment manufacturers such as Nokia, Ericsson, Samsung.
  • The Reliance Jio is to conduct trials using its own technology.
  • The trials include model tuning, testing indigenous technology, evaluating chosen equipment and vendors, testing applications such as tele-education, tele-medicine, drone based agricultural monitoring.

About the Permit

  • The operators will be allowed to use their existing spectrum of 2500 MHz, 1800 MHz, 900 MHz and 800 MHz to conduct the trials. The trials are to be held for six months. Of this, the procuring and setting up of the equipment will take two months.
  • It is compulsory for the telecom operators to conduct trials in rural and semi-urban areas.
  • The trials are to be conducted on non-commercial basis.

Background

The 5G technology is expected to deliver improved user experience in terms of data download rates. The data download rates are to be five times faster than the 4G.

5G and Chinese concerns

The issue around Chinese vendors entering 5G technology is that they may contain backdoors that might enable surveillance of Chinese Government.

The US, Vietnam and Australia have banned the Chinese companies from providing 5G network services. The Five Eyes International Intelligence Alliance of Canada, Australia, New Zealand and US have declared that the use of Huwaei telecommunications equipment especially in 5G networks carries high security risks.

N protein of Coronavirus and its role in the transmission

The researchers from the Indian Institute of Science Education and Research recently showed that apart from spike proteins, the other proteins in the COVID-19 virus such as the Nucleocaspid protein or the N protein also play significant role in transmission (or infectivity) of the virus. Thus, it is not enough to develop antibodies, therapeutic drugs and entry inhibitors based on spike protein alone.

Findings

The COVID-19 has an RNA genome that is surrounded by a sphere-shaped structure. This structure comprises of various types of proteins. One amongst them is the spike protein. The spike proteins give the crown like look to the virus.

About the N-Protein

  • According to the researchers, the N protein or the Nucleocapsid protein has higher infectivity than the other proteins.
  • The researchers have also found that the antibodies that neutralise spike pseudo type was less effective against the N proteins.

Other proteins in COVID-19

COVID-19 is the largest genome among all the RNA viruses. It is packed in a helical capsid. This capsid is made of Nucleocaspid protein. Further it is surrounded by an envelope. There are three proteins associated with the envelope. They are membrane protein, envelope protein and spike protein. The membrane protein and envelope protein are involved in virus assembly. The spike protein mediates the virus into the host cells.

Spike of COVID-19

The spike protein of COVID-19 has three segments called ectodomain, single pass transmembrane anchor and an intracellular tail. The ectodomain has a receptor binding subunit and a membrane fusion subunit. 

Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank Limited

The Cabinet Committee on Economic Affairs on May 5, 2021 gave its approval for the strategic disinvestment and transfer of management control in IDBI Bank Ltd. The cabinet was chaired by Narendra Modi.

The extent of disinvestment of shareholding by the government and LIC will be decided in consultation with the RBI during the time of structuring of the transaction.

Key Highlights

•The Life Insurance Corporation of India (LIC) and the Government of India together own more than 94 percent of the equity of IDBI Bank. While the government owns 45.48 percent, LIC owns 49.2 percent of equity. 

•LIC is the promoter of IDBI Bank with Management Control and the government of India is the co-promoter.

•LIC Board recently passed a resolution that stated that LIC may reduce its shareholding in IDBI Bank Ltd. 

•The company plans to divest its stake along with a strategic stake sale envisaged by the Govt.

Objective

The main aim is to relinquish management control taking into consideration market outlook, price, statutory stipulation and interest of policyholders.

The decision is consistent with the regulatory mandate to it to reduce its stake in the Bank.

Significance

•The strategic disinvestment is expected to infuse funds, new technology and best management practices that will enable the optimal development of business potential and growth of IDBI Bank Ltd.

•The move is also expected to generate more business for the bank without any dependence on LIC and or Government assistance.  

•The resources through strategic disinvestment of the Government's share in the bank will be utilised for finance developmental programmes of the Government benefiting the citizens.

Quiz

1. Which among the following is not waived by The Government of India under the Integrated GST till June 30, 2021?

  • Remdesivir
  • medical-grade oxygen
  • oxygen concentrators
  • Covid Vaccines
  • Surgical Equipment

2. Which among the following statement is true about IGST?

  • IGST is Integrated Goods and Services Tax
  • IGST is shared between the centre and the state in the ratio of 50:50.
  • The Constitutional provision for IGST is under Article 279A of the Constitution
  • It is levied on inter-state transfer of goods and services.
  • All of the above

3. Which among the following countries is the leading steel producers In the world?

  • India
  • China
  • Japan
  • Russia
  • USA

4. Which among the following animals is the first time that transmission of the virus to the animal has been detected in India?

  • Sloth bear
  • Indian rhinoceros
  • Asiatic lions
  • Gaur
  • Blackbuck

5. Who is the CEO of SAIL?

  • Soma Mondal
  • Anil Kumar Chaudhary
  • Shrikant Madhav Vaidya
  • Suneet Sharma
  • T. K. Chand

6. Which among the following is not a part of five Pantherine cats?

  • Indian Snow Leopard
  • Bengal Tiger
  • Clouded Leopard
  • Transvaal lion
  • Indian Leopard

7. Gir National Park is located in _____.

  • Rajasthan
  • Gujarat
  • Punjab
  • Mizoram
  • Haryana

8.  When was the Parker Solar Probe launched?

  • 2018
  • 2020
  • 2021
  • 2019
  • 2017

9. ______ are the world longest living insects.

  • Blattodea
  • Mantodea
  • Aphid
  • Bees
  • Cicadas

10. What is the name of the world’s first Artificial Intelligence ship?

  • Atlanta 2021
  • AIIBM 21
  • Mayflower 400
  • Treraswift
  • ICON 202

11. When is Oktoberfest celebrated?

  • September
  • September-October
  • October
  • October-December
  • October-November

12. The Supreme Court of India recently struck down Maratha reservation in the state as it breaches _____% ceiling of reservation.

  • 30
  • 40
  • 50
  • 60
  • 70

13. As a part of Operation Samudra Setu II, INS Kolkata has reached _____ to collect Liquid Medical Oxygen from the country.

  • Oman
  • United Arab Emirates
  • China
  • Australia
  • Kuwait

14. Which among the following mobile operators were not allowed mobile operators to conduct 5G trials?

  • Reliance Jio
  • BSNL
  • Bharti Airtel
  • Vodafone Idea
  • MTNL

15. Which among the proteins of the Corona Virus play a significant role in the transmission (or infectivity) of the virus?

  • Ubiquitin
  • NF-KB
  • Nucleocapsid protein
  • Replication protein A
  • Topoisomerase

16. Who among the following other than the Government of India owns 40%+ of the equity of IDBI Bank?

  • State Bank of India
  • LIC
  • ONGC
  • HPCL
  • CIL

Answer

1. Which among the following is not waived by The Government of India under the Integrated GST till June 30, 2021?

  • Surgical Equipment

2. Which among the following statement is true about IGST?

  • All of the above

3. Which among the following countries is the leading steel producers In the world?

  • China

4. Which among the following animals is the first time that transmission of the virus to the animal has been detected in India?

  • Asiatic lions

5. Who is the CEO of SAIL?

  • Soma Mondal

6. Which among the following is not a part of five Pantherine cats?

  • Transvaal lion

7. Gir National Park is located in _____.

  • Gujarat

8.  When was the Parker Solar Probe launched?

  • 2018

9. ______ are the world longest living insects.

  • Cicadas

10. What is the name of the world’s first Artificial Intelligence ship?

  • Mayflower 400

11. When is Oktoberfest celebrated?

  • September-October

12. The Supreme Court of India recently struck down Maratha reservation in the state as it breaches _____% ceiling of reservation.

  • 50

13. As a part of Operation Samudra Setu II, INS Kolkata has reached _____ to collect Liquid Medical Oxygen from the country.

  • Kuwait

14. Which among the following mobile operators were not allowed mobile operators to conduct 5G trials?

  • BSNL

15. Which among the proteins of the Corona Virus play a significant role in the transmission (or infectivity) of the virus?

  • Nucleocapsid protein

16. Who among the following other than the Government of India owns 40%+ of the equity of IDBI Bank?

  • LIC

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