Which Central Bank Won the IFN global award 2021 for promoting Islamic Finance across the World?
- A. State Bank of Pakistan
- B. Bank Negara Malaysia
- C. Saudi Central Bank
- D. None of these
Correct Answer: A. State Bank of Pakistan
Islamic Finance News (IFN), an arm of RED money Group, Malaysia, has announced the State Bank of Pakistan (SBP) as the best central bank of 2021 across the world in promoting Islamic finance. IFN Best Banks Poll is regarded as a prestigious award in the global Islamic finance space. Bank Negara Malaysia stood second, while the Saudi Central Bank secured the third position. SBP has won this award five times in seven years. Previously, SBP was bestowed with this coveted award for the years 2015, 2017, 2018, and 2020.
Correct Answer: A. India
Among the G20 nations, India tops the list with 11 million people working as forced labourers, followed by China, Russia, Indonesia, Türkiye and the United States of America (USA). The report highlights the role played by G20 nations in fuelling forced labour within global supply chains, including state-imposed forced labour. The G20 accounts for over half of all people living in modern slavery and imports US$468 billion of at-risk products annually.
Correct Answer: C. Haitham Al Ghais
The veteran official of the Kuwait Petroleum Corporation Haitham Al Ghais was named as the new OPEC Secretary-General, media agencies reported on 6 July, 2022. The announcement came after the sudden death of the organization’s chief Muhammad Barkindo. Al Ghais to serve as the new Secretary-General of the petroleum production organization, starting from August 2022.
Correct Answer: A. Early Warning and Early Action
The world is set to celebrate World Meteorological Day 2022 on March 23 to spread awareness about the behavior of the Earth’s atmosphere and our role in protecting it. Celebrated each year since 1950, World Meteorological Day marks the foundational anniversary of the World Meteorological Organization (WMO). The WMO was founded seven decades ago and lists weather, climate, water, and environment as the primary aspects. Since World Meteorological Day is observed with a different theme every year, the WMO said that the theme for 2022 is ‘Early Warning and Early Action.
Correct Answer: C. 1st week of July 2023
The beginning of July was the hottest week on recorded for the planet, according to early findings on Monday from the World Meteorological Organisation, after a series of scorching days saw global temperature records tumble. The world just had the hottest week on record, according to preliminary data, the WMO said in a statement after climate change and the early stages of the El Nino weather pattern drove the warmest June on recorded.
Correct Answer: C. Ukraine
The European Parliament has awarded its annual Sakharov prize for freedom of thought to the people of Ukraine, to honor their fight against Russia’s invasion. The award comes with prize money of 50,000 Euros, which will be distributed to representatives of Ukrainian civil society. The prize, named after the late Soviet dissident Andrei Sakharov, has been awarded since 1988 to individuals and organizations defending human rights and fundamental freedoms.
Correct Answer: B. European Union
European External Action Service (‘EEAS’) announced a joint declaration by the EU, Australia, Comoros, India, Japan, Mauritius, New Zealand, South Korea, Singapore, and Sri Lanka. The ‘Declaration on Privacy and the protection of personal data’-Strengthening trust in the digital environment aim to improve international cooperation to promote high data protection and privacy standards.