Daily Current Affairs June 07

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs June 07. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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June 07| Daily Current Affairs 2022

Important Days – Daily Current Affairs June 07

1. World Pest Day was first observed on?
A) 2000
B) 2010
C) 2017
D) 2005
E) 2010
Answer: C) 2017

• World Pest Day or World Pest Awareness Day is celebrated every year on June 6.
• It was first celebrated in Beijing on 6 June 2017.
• The Chinese Pest Control Association first observed this day.

Theme:

• ‘One World – Protecting Global Public Health through Professional Pest Management.’

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2. World Food Safety Day is celebrated on?
A) June 07
B) June 10
C) June 09
D) June 06
E) June 08
Answer: A) June 07

• World Food Safety Day is celebrated globally on June 7 every year by the World Health Organisation (WHO).
• The United Nations General Assembly established World Food Safety Day in 2018 to raise awareness of this vital food safety issue.
• The WHO and Food and Agriculture Organisation of the United Nations (FAO) jointly kickstarted World Food Safety Day in collaboration with the member states and other stakeholders.

Theme:

• ‘Safer food, better health’.

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Banking and Finance – Daily Current Affairs June 07

3. Which of the following bank and Indian Oil launched co-branded RuPay contactless credit card?
A) HDFC Bank
B) TamilnadMercentile Bank
C) Indian Bank
D) DBS Bank
E) Axis Bank
Answer: E) Axis Bank

• Axis Bank and Indian Oil Corp.Ltd. (IOCL) in partnership with National Payments Corp. of India (NPCI), have announced the launch of a co-branded contactless INDIAN OIL AXIS BANK RuPay Credit Card.
• Apart from surcharge waiver at fuel outlets and cashback on fuel spends, the credit card comes with a host of other benefits on everyday transactions through accelerated reward points, instant discount on movie tickets, and dining delights at partner restaurants.
• As an onboarding gift, users of this card will be entitled to 100% cashback up to ₹250 on all fuel spends within the first 30 days of issue of card.
• It will also provide a surcharge waiver of 1% on fuel spends between ₹200 and ₹5000 and reward points worth 4% for every ₹100 spent on fuel at Indian Oil outlets.
• Users will also get a 10% instant discount on movie tickets booked via BookMyShow website or app, 20% discount at partner restaurants, reward points worth 1% for every ₹100 spent on online shopping, groceries, utility payments, and 1 reward point for every ₹100 spent on all other expenses.
• There is an additional feature of an annual fee waiver if a cardholder spends over ₹50,000 in a year.
• The card also offers customers loyalty points in the form of 1 EDGE REWARD point on every ₹100 spent with the card.

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4. Which of the following Bank gotSebi’s nod to float IPO?
A) HDFC Bank
B) TamilnadMercentile Bank
C) Indian Bank
D) DBS Bank
E) Axis Bank
Answer: B) TamilnadMercentile Bank

• Private sector lender Tamilnad Mercantile Bank has received capital markets regulator Sebi’s go ahead to mop-up funds through an initial share sale.
• The Initial Public Offer (IPO) comprises a fresh issue of 15827495 equity shares and an Offer for Sale (OFS) of up to 12,505 equity shares by shareholders, according to the Draft Red Herring Prospectus (DRHP).
• The OFS consists sale of equity shares by D PremPalanivel, PriyaRajan, Prabhakar MahadeoBobde, Narasimhan Krishnamurthy, M Malliga Rani and Subramanian VenkiteshwaranIyer.
• The bank, which filed its preliminary IPO papers with Sebi in September 2021, obtained its observations on May 30 this year, an update with the markets.
• In Sebi’s parlance, its observation implies its approval to float IPO.
• The company had filed the DRHP for the proposed IPO on July 1, 2021 with the Securities and Exchange Board of India (Sebi).
• However, the draft offer documents for the IPO have been withdrawn on May 30 and the reasons for the withdrawal have not been disclosed, an update with Sebi showed.
• The IPO was slated to issue fresh equity shares aggregating up to Rs 36 crore.

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5. RBI imposed monetary penalty of ____ on Madhya Pradesh-based cooperative bank?
A) Rs 55,000
B) Rs 75,000
C) Rs 40,000
D) Rs 50,000
E) Rs 60,000
Answer: D) Rs 50,000

• The Reserve Bank of India (RBl) had imposed a monetary penalty of Rs 50,000 on JilaSahakariKendriya Bank Maryadit, Morena, Madhya Pradesh, for non-compliance of Know Your Customer (KYC) related norms.
• This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
• The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Act taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.

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6. Which of the following Bank launched its first credit card in partnership with Bajaj Finance?
A) HDFC Bank
B) TamilnadMercentile Bank
C) Indian Bank
D) DBS Bank
E) Axis Bank
Answer: D) DBS Bank

• DBS Bank India announced the launch of first-ever credit card in India in partnership with Bajaj Finance Limited, co-branded as ‘Bajaj Finserv DBS Bank SuperCard’, powered by Visa.
• Designed to de-clutter customers’ wallets, the SuperCard eliminates the need for having multiple credit cards.
• The SuperCard, a one-of-its-kind offering, will provide its customers with benefits and rewards across different product categories and exclusive benefits on the Bajaj Finserv’s range of products and services available across the country.
• The SuperCard will be available in six variants, offering a welcome bonus of up to 20,000 Cash Points.
• It also multiplies customers’ cash points up to 10x every month on achieving monthly milestone spending.
• The customers can also enjoy up to 20X accelerated cash points on spending via DBS Card+ mobile app and Bajaj Finserv app.
• Customers can apply for the card from the comfort of their homes through all the digital channels of Bajaj Finance Limited and get their paperless KYC completed on the same day, allowing them to start using their Card instantly.
• The SuperCard also allows customers to receive up to 5% cashback (up to INR 500 per transaction) on the down payment of consumer durable loans at Bajaj Finance EMI network stores.
• The SuperCard allows customers to subscribe to various memberships like Disney Hotstar, Zomato Pro via DBS Card+ mobile app and get up to 40% cash back in form of Cash Points.
• Other card benefits include special health plan on Bajaj Finserv Health which offers deep discounted tele-consultations from physicians across India, airport lounge access, interest -free cash withdrawal for up to 50 days, fuel surcharge waiver, and easy to convert spends to EMI starting from INR 2500.
• Customers would get access to DBS Delights, an exclusive platform where they can redeem Cash Points and avail of curated offers across top brands in the shopping, dining, travel, and healthcare segment Through this partnership, DBS Bank India & Bajaj Finance aims to create an end-to-end digital experience and proposition for customers while catering to a large customer franchise across the geographic distribution of Bajaj Finance Limited.

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Business and Economy – Daily Current Affairs June 07

7. Which of the following company launched mobile shopping app in India to enhance digital offerings?
A) Adidas
B) Puma
C) Asics
D) Reebok
E) Nike
Answer: B) Puma

• German sports brand Puma had launched mobile shopping app in India to further enhance digital offerings for consumers and provide quicker access to its products.
• India is the first country to go live with the Puma app developed by the German sportswear giant.
• Puma earned record revenue of Rs 2,044 crore in India during the financial year ending December 2021 at a 68.2 per cent jump over the previous fiscal.
• The brand also added 51 stores last year and has a total of 450 stores in the country so far.

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Appointments – Daily Current Affairs June 07

8. BajramBegaj elected as president of which of the following country?
A) Croatia
B) Sweden
C) Albania
D) Mongolia
E) Finland
Answer: C) Albania

• Albanian lawmakers elected BajramBegaj, who held the post of the Chief of General Staff of the Albanian Armed Forces (AAF), as the new president of Albania he replaces Ilir Meta.

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9. Alok Kumar Choudhary appointed State Bank of India MD for how many years?
A) 5
B) 1
C) 3
D) 4
E) 2
Answer: E) 2

• The centre appointed Alok Kumar Choudhary as State Bank of India (SBI) managing director for a period of two years.
• Choudhary, who was deputy managing director (finance) until this appointment, had started his career at SBI as a probationary officer.
• He would hold the position of MD till his superannuation on June 30, 2024.
• With this appointment, SBI, the country’s largest bank, will have four managing directors and a chairman.
• The other three MDs are C S Setty, SwaminathanJanakiraman and Ashwini Kumar Tewari.

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Defence – Daily Current Affairs June 07

10. DAC approved procurement of military equipment, platforms worth how many Crores?
A) 76,930
B) 76,390
C) 76,309
D) 76,903
E) 76,039
Answer: B) 76,390

• In a significant move to boost self-reliance in defence manufacturing, the government approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries to enhance India’s overall combat capabilities.
• The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the procurement of next-generation corvettes (NGCs), the manufacture of Dornier aircraft and Su-30 MKI aero-engines, wheeled armoured fighting vehicles and weapon-locating radars among others.
• For the Indian Navy, the DAC accorded approval for the procurement of NGCs at an estimated cost of around Rs 36,000 crore.
• The NGCs would contribute to further India’s SAGAR (Security and Growth for all in the Region) initiative.
• The NGCs would be constructed based on a new in-house design of the Indian Navy, using the latest technology of ship building.
• The DAC also approved a proposal for the manufacture of Dornier aircraft and Su-30 MKI aero-engines by Hindustan Aeronautics Limited (HAL), with a focus on enhancing indigenisation.

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International Affairs – Daily Current Affairs June 07

11. Indian Army participated in exercise ‘Ex Khaan Quest 2022’ hosted by which of the following country?
A) Croatia
B) Sweden
C) Albania
D) Mongolia
E) Finland
Answer: D) Mongolia

• A multinational peacekeeping exercise “Ex Khaan Quest 2022” featuring participation from military contingents from 16 countries, including India has commenced in Mongolia.
• UkhnaagiinKhurelsukh, the President of Mongolia inaugurated the Exercise in an impressive ceremony organised at the exercise location in Mongolia.
• Indian Army is represented by a contingent from the LADAKH SCOUTS.
• The 14-day exercise is aimed at enhancing interoperability, building military to military relationships, developing peace support operations and military readiness among participating nations.

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National Affairs – Daily Current Affairs June 07

12. Blue Duke state butterfly of which of the following state?
A) Manipur
B) Mizoram
C) Sikkim
D) Nagaland
E) Assam
Answer: C) Sikkim

• Sikkim Chief Minister Prem Singh Tamang on the occasion of World Environment Day declared Blue Duke the state butterfly.
• Of the 720 species of butterflies found in Sikkim Blue Duke, which goes by the scientific name Bassaronadurgadurga, is unique to Sikkim and the eastern Himalayas.
• It was discovered in the state in 1858.
• Blue Duke falls in Schedule 2 of the Wildlife Protection Act, 1972 and is a protected species in the Himalayas.

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13. Centre releasedRs 7,183.42 cr as revenue deficit grant to how many states?
A) 14
B) 24
C) 20
D) 28
E) 15
Answer: A) 14

• The Union Finance Ministry had released Rs 7,183.42 crore as post devolution revenue deficit grant to 14 states including Andhra Pradesh, Assam, Kerala, Punjab, Rajasthan, Uttarakhand, and West Bengal.
• This is the 3rd monthly installment of the Post Devolution Revenue Deficit (PDRD) grant to states, released as per the recommendations of the fifteenth Finance Commission.
• Total revenue deficit grant released to states so far in the current financial year has gone up to Rs 21,550.25 crore.
• The 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 86,201 crore to 14 States for the financial year 2022-23.
• The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly installments.
• The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution.
• The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in revenue accounts of the States post-devolution.

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14. Airport-like new railway terminal became operational in which of the following city?
A) Mumbai
B) Kolkata
C) Hyderabad
D) Lucknow
E) Bengaluru
Answer: E) Bengaluru

• Built on the scale of international airports, the ultraluxury Sir M Visvesvaraya Railway Terminal in Bengaluru became operational with Ernakulam Tri-Weekly Express chugging through the station.
• The air-conditioned SMV Railway Terminal is Rs 314 crore project and the third major terminal after Bengaluru City Railway Station and Yashwanthpur Railway Station.
• It has solar rooftop panels and rainwater harvesting mechanism.

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15. Centre released how many crores to states for modernisation of police, construction of police stations?
A) 126.6
B) 126.4
C) 126.7
D) 126.3
E) 126.5
Answer: C) 126.7

• The Centre has released 126.7 crore to various states for modernisation of police forces, construction of fortified police stations and implementation of a host of other schemes.
• Under the Security Related Expenditure (SRE) scheme, an amount of Rs 22.59 crore was released to Chhattisgarh, Rs 2.63 crore to Jharkhand and Rs 14.76 crore to Odisha by the Union Home Ministry.
• Further, Rs 7.5 crore was released under Special Central Assistance (SCA) scheme to Maharashtra by the home ministry.
• The ministry also released Rs 8.39 crore to Jharkhand and Rs 1.61 crore to Telangana as reimbursement of claims under the Special Infrastructure Scheme (SIS) including construction of fortified police stations.
• The central government further released Rs 69.215 crore to various states under the centrally-sponsored scheme for modernisation of police forces.
• The SCA is provided to the states as an additive to their Scheduled Castes Sub-Plan (SCSP).
• The main objective of SCA to SCSP is to give a thrust to the development programmes for Scheduled Castes.

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