Static GK and Current Events Questions and Answers: 21st January 2021

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Created On: Jan 21, 2021 10:30 IST
Modified On: Jan 22, 2021 10:46 IST
GK Quiz
GK Quiz

Answer the following questions related to current and static events listed below. Go through the explanations of each question here

  1. With respect to Nord stream 2 choose the correct statement

i) Nord Stream 2 is a pipeline from Russia to Germany and via Baltic Sea

ii) The pipeline is already constructed and would be running in January end

  1. Only i
  2. Only ii
  3. Both i and ii
  4. None 

Ans. b

Explanation: Nord Stream 2 is a pipeline that is under construction from Russia to Germany and via Baltic Sea.  It is still under construction and is the reason for quite some tensions between Russia and Germany.  Read all about Nord 2 Stream here

  1. From which city in Russia does the Nord 2 stream begin?
  1. Ust Luga 
  2. Vyborg
  3. Greifswald
  4. None of the above 

Ans. b

Explanation: Nord Stream 2 is a pipeline that is under construction from Russia to Germany and via Baltic Sea. It is beginning from Vyborg in Russia. 

  1. Which is the first-ever Bad Bank in the world?
  1. Mellon Bank
  2. Bank of China
  3. JPMorgan Chase & Co.
  4. None of the above 

Ans. a

Explanation: Mellon Bank based in the USA was the first one in this field. It is referred to as the first bad bank in 1988.  Also Read| What is a bad bank?

  1. With respect to the bad bank answer the following 

i) The bad bank involves itself in lending and taking deposits

ii) The process of taking over bad loans is generally below the book value of the loan

  1. Only i
  2. Only ii
  3. Both i and ii
  4. None of the above 

Ans. b

Explanation: The bad bank does not involve itself in lending and taking deposits, but it helps to make commercial banks clear their balance sheets and resolve bad loans. The process of taking over bad loans is generally below the book value of the loan

  1. With respect to Indian Railway Finance Corporation, IFRC, choose the correct statement

i) It is a subsidiary of the Indian Railways. 

ii) It was established in the year 1986.  

  1. Only i 
  2. Only ii
  3. Both i and ii
  4. None 

Ans. c

Explanation: Indian Railway Finance Corporation (IRFC) is a subsidiary of the Indian Railways. It was established in the year 1986. 

Read| What is the Indian Railway Finance Corporation's IPO?

  1. When is the birth anniversary of Guru Gobind Singh celebrated?
  1. January 21
  2. January 16
  3. January 13
  4. January 20

Ans. d

Explanation: It is celebrated as Gurupurab across India with enthusiasm and is one of the most auspicious festivals of Sikhs. This year, the 354th birth anniversary of Guru Gobind Singh Ji is celebrated on 20 January 2021. Know all about Guru Parab here

  1. Which Sikh guru faced martyrdom in the hands of Aurangzeb?
  1. Guru Ram Dev
  2. Guru Gobind Singh
  3. Guru Teg Bahadur
  4. Guru Nanak

Ans. b

Explanation: Guru Tegh Bahadur was the ninth Guru of Sikhs who suffered martyrdom at the hands of the Mughal emperor Aurangzeb.

  1. In regard to Indian Innovation Index 2020 choose the correct statement

i) It aims to create an extensive framework for the continual evaluation of the innovation environment of the country. 

ii) The third report of the Indian Innovation Index has been released on January 20, 2021

  1. Only i
  2. Only ii
  3. Both i and ii
  4. None of the above 

Ans. a

Explanation: NITI Aayog along with the Institute for Competitiveness has released the Second Edition of India Innovation Index 2020 on 20 January 2021. Read all details here

  1. Choose the correct statement regarding global terrorism

i) United Nations Office of Counter-Terrorism (UNOCT) was launched on January 19, 2020.

ii) The programme would tackle terrorist threats across the globe 

  1. Only i
  2. Only ii
  3. Both i and ii
  4. None 

Ans. b

Explanation:  United Nations Office of Counter-Terrorism (UNOCT) was launched on January 19, 2021. The program launched in partnership with other agencies will enable the UN member states to deal with this scourge.

  1. What is the correct statement about the Indian Innovation Index 2020?

i) Knowledge Output and Knowledge Diffusion are the two bases to check the performance of the states

ii) Delhi retained its first rank this time too and Karnataka topped the list in the 'Major States' category 

  1. Only i
  2. Only ii
  3. Both i and ii
  4. None 

Ans. c

Explanation: Overall, Delhi retained its first rank, Karnataka tops the list in the 'Major States' category and Himachal Pradesh in the 'North Eastern and the Hill States' category. The two Performance pillars that depict the performances are Knowledge Output and Knowledge Diffusion. 

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