Daily MCQ
12 hours ago

2 July 2020 MCQs Test

10 Questions 20 Minutes

Current Affairs
July 2, 2020

SINA WEIBO
PM Modi’s official page on Chinese social media website Weibo went blank with the removal of his photograph and all 115 posts made over the past five years.
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About:

  • Sina Weibo is a Chinese microblogging (weibo) website. Weibo the Chinese word for ‘microblog’.

  • It was Launched by Sina Corporation in 2009 and is one of the biggest social media platforms in China.

  • Through it, users can upload pictures and videos publicly for instant sharing, with other users being able to comment with text, pictures and videos, or use a multimedia instant messaging service.

  • Due to its popularity, the media sometimes refers to the platform simply as "Weibo," despite the numerous other Chinese microblogging/weibo services including Tencent Weibo, Sohu Weibo, and NetEase Weibo.

Important Info :

Weibo diplomacy?

  • Modi initiated the process of exiting Weibo following the Union government’s decision to ban 59 Chinese apps, including Weibo, citing threats to data security and India’s sovereignty.
  • This marks a sudden end to Mr. Modi’s “Weibo diplomacy” that was launched with fanfare in 2015 as a means to directly communicate with the people of China before his first visit there as Prime Minister. 
Source : The Hindu
Science & Tech

Current Affairs
July 2, 2020

STRIPED HAIRSTREAK; ELUSIVE PRINCE
Lepidopterists have discovered two species of butterflies – the Striped Hairstreak and Elusive Prince – in Arunachal Pradesh.
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About:

  • The Striped Hairstreak (Yamamotozephyrus kwangtugenesis) was located in Vijaynagar bordering Myanmar. It was first recorded by Japanese entomologists in Hainan province of China.

  • The Elusive Prince (Rohana tonkiniana) was found in Miao on the periphery of the Namdapha National Park. It has a Vietnamese connection and was thought to be the more familiar Black Prince found in the Eastern Himalayas.

  • India now has 1,327 species of butterflies, up from 1,318 in 2015.

  • The recording of the two butterflies follows the “rediscovery” of the Assam Keelback, a non-venomous snake from the Gelling area of Arunachal Pradesh after 129 years. 

Source : The Hindu
Environment

Current Affairs
July 2, 2020

ASSAM KEELBACK
Assam keelback has recently been rediscovered after 129 years in Arunachal Pradesh.
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About:

  • Scientific Name: Herpetoreas pealii.

  • Common Name: Assam keelback; Peal's keelback.

  • Family: It is a species of snake in the subfamily Natricinae of the family Colubridae.

  • Distribution: The species is endemic to Northeast India. It has been recorded from Assam and Arunachal Pradesh.

  • Physical description: The species is small — about 60 cm long, brownish, with a patterned belly.

  • Background: It was discovered 129 years ago in 1891 by Samuel Edward Peal, a British tea planter based in Upper Assam.

Source : Indian Express
Environment

Current Affairs
July 2, 2020

SPECIAL LIQUIDITY SCHEME FOR NBFCs AND HFCs
The Reserve Bank of India (RBI) has operationalised the Rs 30,000 crore special liquidity scheme for NBFCs and HFCs. The cabinet had given its nod to the scheme on May 21, and now the RBI has notified it.
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About:

  • The scheme is aimed at improving the liquidity position of non-banking finance companies (NBFCs) and housing finance companies (HFCs). 

  • RBI will provide funds for the Scheme by subscribing to government guaranteed special securities issued by the Trust. The total amount of such securities issued outstanding shall not exceed Rs. 30,000 crores at any point of time.

  • Government of India will provide an unconditional and irrevocable guarantee to the special securities issued by the Trust.

  • The Scheme is being launched on July 1, 2020 through a Special Purpose Vehicle in the form of SLS Trust set up by SBI Capital Markets Limited (SBICAP). 

Important Info :

As per RBI, following are the eligibility conditions for NBFCs/HFCs to avail of this scheme:

  • All investment grade RBI-registered NBFCs, excluding Core Investment Companies (CICs), and NHB-registered HFCs are eligible.
  • Capital adequacy should not be below the regulatory minimum as on March 31, 2019.
  • Net non-performing assets should not be more than 6 percent as on March 31, 2019.
  • They should have made profits in at least one of the last two financial years.
  • They should not have been reported under SMA-1 or SMA-2 category by any bank for their borrowings during last one year prior to August 1, 2018. 
Source : LiveMint
Economy

Current Affairs
July 2, 2020

RAMAGUNDAM FERTILIZERS AND CHEMICALS LIMITED (RFCL)
Union Minister of Chemicals and Fertilisers held a meeting to review the progress of construction of Ramagundam Fertilizers and Chemicals limited (RFCL).
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About:

  • Location: RFCL is upcoming gas based urea unit of 12.7 Lakh MT per annum capacity at Ramagundam, Telangana.

  • Governance: It is a Joint Venture Company (JVC) promoted by National Fertilizers Limited (NFL), Engineers India Limited (EIL) and Fertilizer Corporation of India Limited (FCIL).

  • Timeline: RFCL was incorporated in 2015 and the foundation stone of the project was laid by PM Modi in 2016.

  • Significance: After commissioning, Ramagundam project along with other revival projects at Gorakhpur, Barauni, Sindri and Talcher will reduce the need for urea import by 63.5 LMT per annum. 

Source : PIB
Economy

Current Affairs
July 2, 2020

CHARTERED ACCOUNTANTS' DAY
Prime Minister Modi greeted Chartered Accountants on Chartered Accountants' Day.
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Institute of Chartered Accountants of India (ICAI):

  • July 1 is celebrated as National Chartered Accountant Day in India. The day is observed in order to celebrate the formation of Institute of Chartered Accountants of India (ICAI) on July 1st, 1949.

  • The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India.

  • It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 to regulate the profession of Chartered Accountancy in India.

  • ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. It recommends the accounting standards to be followed by companies in India to National Financial Reporting Authority

  • Only a member of ICAI can be appointed as statutory auditor of a company under the Companies Act, 2013.

Source : PIB
Economy

Current Affairs
July 2, 2020

NATIONAL DOCTOR'S DAY 2020
Prime Minister Modi has saluted doctors on the occasion of Doctors’ Day.
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BC Roy:

  • Bidhan Chandra Roy (1882 – 1962) was an eminent Indian physician, educationist, freedom fighter and politician.

  • He studied medicine at the University of Calcutta and did his postgraduate study from St. Bartholomew’s Hospital in London.

  • In 1911, he accomplished the rare feat of becoming a member of the Royal College of Physicians and a fellow of the Royal College of Surgeons simultaneously.

  • He served as the Chief Minister of West Bengal from 1948 until his death in 1962. He is often considered the Maker of Modern West Bengal due to his key role in the founding of several institutions and five eminent cities, Durgapur, Kalyani, Bidhannagar, Ashokenagar and Habra.

  • He was awarded Bharat Ratna in 1961. 

Important Info :

His view on Swaraj?

  • He was still pursuing medicine in Calcutta when the partition of Bengal was announced. Resisting the urge to join the movement, he controlled his emotions and concentrated on his studies, realising that he could serve his nation better by qualifying in his profession first.
  • He believed that swaraj would remain a dream unless the people were healthy and strong in mind and body.
Source : Times of India
Health

Current Affairs
July 2, 2020

WORLD’S FIRST EVER ONLINE B.SC. DEGREE IN PROGRAMMING AND DATA SCIENCE
Union HRD Minister launched World’s first ever online B.Sc. degree in Programming and Data Science.
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About:

  • The programme has been prepared and offered by the Indian Institute of Technology Madras (IIT Madras), which is ranked No.1 in India Rankings 2020 by NIRF.

  • The program will have videos from the faculty, weekly assignments and in-person invigilated exams just like any other regular course.

  • This programme is open to anyone who has passed Class 12th, with English and Maths at the Class 10th level, and enrolled in any on-campus UG course. The current batch of students who are completing their Class 12th in 2020 are eligible to apply.

  • Graduates and working professionals can also take up this programme.

  • Data Science is one of the fastest growing sectors that is predicted to create 11.5 million jobs by 2026.

Source : PIB
Education

Current Affairs
July 2, 2020

ADVANCED VIROLOGY LAB FOR COVID-19 TESTING
The National Botanical Research Institute (NBRI), Lucknow, has established an Advanced Virology Lab for testing COVID-19.
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About:

  • The facility has been developed based on the guidelines of the Indian Council of Medical Research (ICMR), the World Health Organisation (WHO), and the Ministry of Health and Family Welfare.

  • The Advanced Virology Lab is a Bio Safety Level- 3 facility.

  • It has a “Negative Pressure”, which means it has a suction facility that can suck any aerosol and pass it through filters. It can filter virus or bacteria to make it a safe COVID-19 testing facility. It reduces the possibilities of infections at the culture facilities.

Source : All India Radio
Health
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