Daily Current Affairs Quizs

Daily Current Affairs Quiz 07 January 2021

Daily Current Affairs Quiz 07 January 2021

Current Affairs Quiz 07 January 2021: it is Based on 07 January Current Affairs and Important News. we make 10 important current affairs questions for banking and competitive exams. These current affairs quiz questions will help candidates in scoring marks in competitive exams. every candidate must take all Current Affairs Quiz 07 January 2021.

Current Affairs Quiz 07 January 2021

1) According to the world bank report, the Indian GDP will be —— for FY2020-21.

A) -9.6%
B) -9.7%
C) -9.77%
D) -9.8%

Show Answer
Correct Answer is : A

Explanations Here:

As per the estimation of the World Bank, The GDP of India will be contracted by 9.6% for FY2020-21. it is said in its Global Economic Prospects report.

2) Which bank has been given the licence by RBI to transition to Small Finance Bank (SFB)?

A) Axis
B) Municipal Cooperative Bank
C) New India Cooperative Bank
D) Shivalik Mercantile Cooperative Bank 

Show Answer
Correct Answer is : D

Explanations Here

Shivalik Mercantile Co-operative Bank (SMCB) has been as the 1st Indian Bank who gets the licence from RBI in order to function as a Small Finance Bank (SFB).

3) Legal Entity Identifier (LEI) by RBI will be used for the value of Rs ________ and above.

A) 40 crore
B) 50 crore
C) 60 crore
D) 65 crore

Show Answer
Correct Answer is : B

Explanations Here:

RBI has begun a new Entity named Legal Entity Identifier (LEI). it will be for Rs 50 crore and above transactions which are being undertaken by Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).

4) Name of the nation that is working on the first wood-based space satellite?

A) India
B) China
C) The USA
D) Japan

Show Answer
Correct Answer is : D

Explanations Here :

Japan is working on the world’s first wood-based space satellite’s development. The main purpose of this initiative is to resolve the increasing problem of space debris or junk.

5) Olympic medallist Michael Kondo has died due to age-related problems. he was associated with which sports?

A) Hockey
B) Football
C) Cricket
D) Tennis

Show Answer
Correct Answer is : A

Explanations Here:

The winner of World Cup in hockey and Olympic medallist Michael Kondo has taken his last breath at the age of 73. he was suffering from age-related ailments.

6) Where is the HQ of Shivalik Mercantile Co-operative Bank?

A) Noida
B) Saharanpur
C) Delhi
D) Pune

Show Answer
Correct Answer is : B

Explanations Here:

Saharanpur, UP

7) Legal Entity Identifier (LEI) contains how many numbers?

A) 10
B) 15
C) 20
D) 25

Show Answer
Correct Answer is : C

Explanations Here:

The Legal Entity Identifier (LEI) will be a 20-digit number and it will be used for identifying parties to financial transactions worldwide.

8) As per the World Bank, the global economy will be ——- in 2021.

A) 4%
B) 5%
C) 5.5%
D) 6%

Show Answer
Correct Answer is : A

Explanations Here:

the World Bank estimated that the global economy will expand by 4% in the year 2021.

9) India has tested a Medium-Range Surface-to-Air Missile (MRSAM) defence system with which country?

A) China
B) Israel
C) Australia
D) The USA

Show Answer
Correct Answer is : B

Explanations Here:

India has successfully tested a Medium-Range Surface-to-Air Missile (MRSAM) defence system in the collection of Israel.

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