Current Affairs Quiz Questions and Answers 2020 || 05 Oct 2020 ||

Current Affairs Quiz Questions and Answers 2020

05 OCT 2020

(Q.01) The 6th joint Consultative Commission (JCC) meet between India and which country held recently?
1) Bangladesh
2) Sri Lanka
3) Nepal
4) Bhutan

Ans. :-(1) Bangladesh

India and Bangladesh held the 6th Joint Consultative Commission (JCC) meet through a virtual platform. The meeting was co-chaired by A. K. Abdul Momen, Foreign Minister of Bangladesh and S Jaishankar, External Affairs Minister of India. During the meeting, the Ministers jointly released commemorative postal stamp issued by the Government of Bangladesh on the occasion of the 150th Birth Anniversary of Mahatma Gandhi. India is planning to launch a postal stamp on the occasion of the Birth Centenary of Bangabandhu Sheikh Mujibur Rahman (“Father of Nation” of Bangladesh) on December 16, 2020. A Bangabandhu-Bapu digital museum in India and Bangladesh will take place in India, Bangladesh and other places. Also, India and Bangladesh decided to form a ‘High Level Monitoring Committee’ to review progress of implementation of 3 Line of Credit Projects concluded between them. It will be headed by Secretary, Economic Relations Division, Bangladesh and High Commissioner of India in Dhaka.

(Q.02) General Atlantic plans to buy ______ stake in Reliance Retail Ventures Limited (RRVL).
1) 0.84%
2) 3.21%
3) 1.16%
4) 1.72%

Ans. :-(1) 0.84%

Reliance Industries Limited(RIL) and Reliance Retail Ventures Limited(RRVL) announced that General Atlantic will buy 0.84% stake in RRVL, a subsidiary of RIL for Rs 3,675 crore. This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. With this investment, RRVL gets total funding over Rs 16,000 crore within September 2020. The investment of General Atlantic will translate into a 0.84% equity stake in RRVL on a fully diluted basis. The transaction is subject to regulatory and other customary approvals.

(Q.03) The Competition Commission of India (CCI) has approved the acquisition of 100% equity shareholding in CoWrks India by which company?
1) ONEX
2) KKR & Co.
3) Carlyle Group
4) Brookfield

Ans. :-(4) Brookfield

The Competition Commission of India (CCI) under Section 31(1) of the Competition Act, 2002 has approved the acquisition of certain real estate projects of RMZ Group and 100% equity shareholding in CoWrks India Pvt Ltd. by Brookfield Private Capital (DIFC-Dubai International Financial Centre) Limited. The acquiring entity will be a newly formed company that belongs to Brookfield Private Capital (DIFC) Limited. Real estate projects that are to be acquired are related to the business of leasing commercial real estate.

(Q.04) Name the wicket keeper who has contributed for the most number of dismissals in T20 Internationals?
1) Rishab Pant
2) MS Dhoni
3) Sushma Verma
4) Alyssa Healy

Ans. :-(4) Alyssa Healy

Australian woman cricketer and wicket keeper Alyssa Healy broke the record of “Most Dismissal by Wicket Keeper” by MS Dhoni’s who made 91 dismissals in 98 T20 Internationals(T20Is) for India. Healy has played 114 T20Is for Australia and broke the record with 92 dismissals in the shortest format of the game during the match against New Zealand in the 2nd T20I of the three match series at Allan Border Field at Brisbane, Queensland, Australia.

(Q.05) Which ministry launched “Ambedkar Social Innovation & Incubation Mission (ASIIM)” recently?
1) Ministry of Skill Development and Entrepreneurship
2) Ministry of Women and Child Development
3) Ministry of Social Justice & Empowerment
4) Ministry of Agriculture & Farmers Welfare

Ans. :-(3) Ministry of Social Justice & Empowerment

Union Minister for Social Justice & Empowerment, Thaawarchand Gehlot virtually launched “Ambedkar Social Innovation & Incubation Mission (ASIIM)” under Venture Capital Fund for Scheduled Castes (SC)(VCF-SC). It has been launched to promote innovation, enterprise among SC students in Higher Education Institutions and to help them become Job Givers. Minister of State (MoS) for Social Justice & Empowerment, Rattan Lal Kataria, Deputy Managing Director (MD) of Industrial Finance Corporation of India (IFCI), Sunil Kumar Bansal were present during the launch.

(Q.06) Name the ministry which is planning to create a new Oceania Territorial Division by integrating Indo-Pacific and ASEAN divisions.
1) Ministry of External Affairs
2) Ministry of Finance
3) Ministry of Home Affairs
4) Ministry of Defence

Ans. :-(1) Ministry of External Affairs

The Ministry of External Affairs (MEA) is creating a new Oceania Territorial Division by integrating Indo-Pacific and ASEAN divisions within it. Through this move, India is seeking to align policies in the regions stretching from Western Pacific (Pacific Island) to Andaman Sea. India will focus administrative and diplomatic attention in the region which is seeing growing Military assertiveness of China.

(Q.07) Name the ministry which has organized the function to lay foundation stone for ‘Centre for Disability Sports at Gwalior’.
1) Ministry of Skill Development and Entrepreneurship
2) Ministry of Women and Child Development
3) Ministry of Social Justice & Empowerment
4) Ministry of Agriculture & Farmers Welfare

Ans. :-(3) Ministry of Social Justice & Empowerment

The foundation stone of ‘Centre for Disability Sports at Gwalior, Madhya Pradesh’ will be laid at a function organized by DEPwD, Ministry of Social Justice and Empowerment through video conferencing on 26 September, 2020. Shri Shivraj Singh Chauhan, Chief Minister of Madhya Pradesh will be the Chief Guest and Shri ThaawarchandGehlot, Union Minister for Social Justice and Empowerment will preside over the function, Shri Narendra Singh Tomar, Union Minister for Agriculture, Rural Development, Panchayati Raj and Food Processing Industries will be the Special Guest of Honour. Live Link of Video Conference:-http://webcast.gov.in/msje.

(Q.08) Which is the 1st Indian state to ban the sale of unpacked “loose” cigarettes and beedis?
1) Madhya Pradesh
2) Gujarat
3) Maharastra
4) Uttar Pradesh

Ans. :- (3) Maharastra

The Maharashtra government has banned the sale of unpackaged “loose” cigarettes and beedis, making it the first Indian state to so. Maharashtra currently contributes to around 8-10% of the cigarette sales volumes. The move is aimed at ensuring that customers see the graphic, public health warnings mandated on cigarette packaging.

(Q.09) Which state government has inaugurated its first Pirul power project recently?
1) Himachal Pradesh
2) Arunachal Pradesh
3) Meghalaya
4) Uttarkhand

Ans. :-(4) Uttarkhand

Uttarakhand Chief Minister Trivendra Singh Rawat inaugurated a 25-kilowatt capacity project worth Rs 25 lakhs for generating electricity using Pirul (dry pine needles) at Chakon Dhanari village in Dunda block of Uttarkashi district.

(Q.10) India plans to build 100-bedded Cancer Hospital and 22,000-seater Cricket Stadium in which country?
1) Nepal
2) Mauritius
3) Bangladesh
4) Maldives

Ans. :-(4) Maldives

India will build 100-bedded Cancer Hospital and 22, 000-seater Cricket Stadium, in Hulhumale (Maldives) under USD 800 Million Line of Credit (LoC) extended to Maldives in 2019.The Export-Import Bank (EXIM) of India extended the LOC for development of infrastructure projects in Maldives. The construction of the Hospital will strengthen the bilateral cooperation between the two countries in the Health Sector. India will partner with Housing Development Corporation Limited of Maldives for the development of Central Park and renovation of Arrival Jetty in Hulhumale. It will benefit both the visitors and residents.

(Q.11) New Development Bank (NDB) has approved USD 241 million for which metro rail project (USD 500 Million approved for Delhi-Ghaziabad-Meerut RRTS Project)?
1) Bengaluru Metro Rail Project
2) Chennai Metro Rail Project
3) Delhi Metro Rail Project
4) Mumbai Metro Rail Project

Ans. :-(4) Mumbai Metro Rail Project

New Development Bank (NDB) of BRICS (Brazil, Russia, India, China and South Africa) Nations approved USD 241 Million (approximately INR 1760 Crores) for Mumbai Metro Rail Project, and USD 500 Million (approximately INR 3670 Crores) for Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project. The loans were approved by the Board of Directors of NDB in the 28th Meeting held in virtual format on September 29, 2020.

(Q.12) How much was the Ways and Means Advances (WMA) limit fixed by GoI for the 2nd Half of FY21?
1) Rs 1,25,000 crore
2) Rs 1,00,000 crore
3) Rs 75,000 crore
4) Rs 2,25,000 crore

Ans. :-(1) Rs 1,25,000 crore

The Reserve Bank of India (RBI), in consultation with the Government of India (GoI) has fixed Rs 1,25,000 crore as the Ways and Means Advances (WMA) limit for the 2nd half of the financial year(FY) 2020-21, i.e., October 2020 to March 2021. When GOI utilises 75% of the WMA limit, RBI may trigger fresh floatation of market loans.

(Q.13) How many banks were excluded from Second Schedule of the RBI Act, 1934 in September 2020?
1) 04
2) 06
3) 03
4) 07

Ans. :-(2) 06

Reserve Bank of India (RBI) excluded six public sector banks (PSBs) from the Second Schedule of the RBI Act, 1934 following their merger with other banks with effect from April 01, 2020. The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank. OBC and United Bank of India merged into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank.

(Q.14) Name the organization which plans to undertake a Sanitation Literacy Campaign (SLC) to promote literacy on” WASH” (Water, Sanitation and Hygiene).
1) Reserve Bank of India (RBI)
2) Insurance Regulatory Development Authority of India (IRDAI)
3) Competition Commission of India (CCI)
4) National Bank for Agriculture & Rural Development (NABARD)

Ans. :-(4) National Bank for Agriculture & Rural Development (NABARD)

The National Bank for Agriculture and Rural Development(NABARD) to undertake a Sanitation Literacy Campaign (SLC) to promote literacy on” WASH” (Water, Sanitation and Hygiene) in 2,000 villages across the country covering 1 lakh rural population. SLC will start from October 2, 2020 to January 26, 2021. SLC focuses to inculcate significant behavioural changes to adapt good hygiene and sanitation practices.

(Q.15) Which bank has signed MoU with Hindustan Unilever Limited (HUL) to provide digital payment solutions and financing solutions?
1) State Bank of India
2) Punjab National Bank
3) Canara Bank
4) United Bank of India

Ans. :-(1) State Bank of India

State Bank of India (SBI) and Hindustan Unilever (HUL) signed a Memorandum of Understanding (MoU) to provide Digital Payment Solutions and Financing solutions to HUL’s retailers and distributors. The Partnership will accelerate the adoption of digital payments among small-scale entrepreneurs and retailers in all parts of the country. It will be available initially in Mumbai and Bengaluru.