ENGLISH QUIZ 23.06.2020

1.Who was appointed the chairman of India’s premier economic think tank NIPFP?

A. Urjit patel

B. Samita patel

C. Supriya patel

D. Manmohan Singh

2.In which city will British Petroleum open Global Business Service Center?

A. Goa

B. Pune

C. Kanpur

D. Faridabad

3.Who has forecast the Indian economy to contract by 4% in FY21?

A. 2%

B. 3%

C. 4%

D. 5%

4.In which city ‘Composite Regional Center for Divine Gazans’ was inaugurated?

A. Hatia

B. Bye

C. Sasaram

D. Ranchi

5.International Day of Yoga is observed every year on which date?

A. 21June

B. 15 June

C. 12 June

D. 20 June

6.Who reorganized the Corporate Insolvency Advisory Committee?

A. ICIC

B. IBBI

C. HDFC

D. IDBI

ANSWERS:-

Answer: 1)A

Explanation

Former RBI governor Urjit Patel will take charge as chairman of the National Institute of Public Finance and Policy (NIPFP) from June 22, 2020. He will replace Vijay Kelkar. The NIPFP is an autonomous research institute under India’s Ministry of Finance. Patel studied at London School of Economics, Oxford University and Yale University, was a Kenyan national until 2013. Patel acquired Indian citizenship before he was appointed RBI deputy governor in January 2013.

National Institute of Public Finance and Policy (NIPFP)

• NIPFP is an autonomous body jointly set up by the Ministry of Finance, the erstwhile Planning Commission and several state governments.
• It is an independent non-governmental body and conducts research in public policy, advising the central government as well as the states.

Urjit patel

• Urjit Patel took office as the 24th Governor of RBI on September 5, 2016.
• He was named as Raghuram Rajan’s successor.
• Citing personal reasons, Patel resigned from the post of RBI governor on December 10, 2018.

Answer: 2)B

Explanation

Petroleum major British Petroleum (BP) has announced to set up a major centre for its Global Business Services (GBS) operations in Pune. It will support digital innovations in BP across the world along with employing 2000 people. The centre will begin its operation by Jan 2021. It will also provide business processing and advanced analytics capabilities for better outcomes and cutting-edge digital solutions. MOP&NG Minister: Dharmendra Pradhan.

Answer: 3)C

Explanation

The Asian Development Bank has projected Indian economy to contract by 4% in Fiscal Year 2021. Indian economy has been projected to contract, as businesses came to a standstill for more than two months due to the nationwide lockdown implemented to contain the COVID-19. The Asian Development Bank expects India’s economy to recover in Fiscal Year 2022 with growth rate of 5%, as economic activity will get to its normal state gradually. President of Asian Development Bank: Masatsugu Asakawa.

Answer: 4)D

Explanation

“Composite Regional Centre (CRC) for Skill Development, Rehabilitation and Employment of Persons with Disabilities (PwDs)” has been inaugurated in Ranchi, Jharkhand. The centre was inaugurated by Union Minister of Social Justice and Empowerment, Thaawarchand Gehlot, and Union Minister for Tribal Affairs, Arjun Munda. This is the 21st Composite Regional Centre (CRC) which will serve to fulfil the needs of Persons with Disabilities in Jharkhand.

Composite Regional Centre (CRC) for Skill Development, Rehabilitation and Employment of Persons with Disabilities will offer rehabilitation services such as Early Intervention Programme to Persons with Disabilities (PwDs) in the State of Jharkhand including the adjoining areas. It will also execute various schemes of Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice and Empowerment along with Rehabilitation and Skill Development programmes for PwDs.

Answer: 5)A

Explanation

United Nations celebrates International Day of Yoga globally on 21 June every year to raise awareness worldwide of the many benefits of practicing yoga. Yoga is an ancient physical, mental and spiritual practice that originated in India. The word ‘yoga’ derives from Sanskrit and means to join or to unite, symbolizing the union of body and consciousness.

The theme of International Day of Yoga 2020 is “Yoga for Health – Yoga at Home”.

About International Day of Yoga:

• India proposed the draft resolution to establish the International Day of Yoga and the proposal was endorsed by a record 175 member states.
• Recognizing its universal appeal, on 11 December 2014, the United Nations proclaimed 21 June as the International Day of Yoga by resolution 69/131.

Answer: 6)B

Explanation

Insolvency and Bankruptcy Board of India (IBBI) has reconstituted advisory committee on corporate insolvency resolution and liquidation. It will be headed by Uday Kotak (CEO of Kotak Mahindra Bank) and there will be 14 members instead of 12 in the committee. It shall advise and provide professional support on corporate insolvency and liquidation under IBC, 2016. The tenure of member will end in 2023. Earlier, it was constituted in 2017.

Chairman IBBI: M. S. Sahoo