Current Affairs Quiz Questions and Answers 2020 || 08 Sept 2020 ||

Current Affairs Quiz Questions and Answers 2020

08 SEPT 2020

(Q.01) Jeff Bezos becomes the world’s first person to hit a net worth of ________.
1) $100 billion
2) $200 billion
3) $150 billion
4) $250 billion

Ans. :-(2) $200 billion

Jeff Bezos is worth $90 billion more than Bill Gates, who is the world’s second-richest person currently worth $116.1 billion. Amid a pandemic which has hurt businesses and economies alike, CEO of Amazon Jeff Bezos on August 26 became the first-ever individual to hit a net worth of $200 billion

(Q.02) What is India’s rank in 13th Edition of Global Innovation Index 2020 released by World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School (Switzerland tops)?
1) 36
2) 48
3) 72
4) 110

Ans. :-(2) 48

For the First time, India joined the group of Top 50 Countries in the 13th Edition of Global Innovation Index (GII) 2020, as it took the 48th rank with a score of 35.59 in the Annual report jointly released by World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School. The Theme of the 13th edition of the GII 2020 is “Who Will Finance Innovation?”

(Q.03) Which institute ranked top among Indian institutes in the World University Rankings 2021 released by Times Higher Education (THE)?
1) Indian Institute of Science (IISc), Bengaluru
2) Indian Institute of Management (IIMA), Ahmedabad
3) Indian Institute of Technology (IIT), Madras
4) Indian Institute of Technology (IIT), Delhi

Ans. :-(1) Indian Institute of Science (IISc), Bengaluru

United Kingdom (UK) based Times Higher Education(THE) released the World University Rankings 2021. Indian Institute of Science(IISc) Bengaluru ranked under the 301-350 group ranking, tops among the 63 Indian institutions which were qualified for the THE rankings. IIT, Ropar which is under the 351-400 group rankings and IISc Bengaluru are the only Indian institutes in the world top 400 Universities.

Overall Top 3 Universities:

Rank	Institute
1	University of Oxford, England, UK
2	Stanford University, California, UK
3	Harvard University, Massachusetts, US

Top 3 Institutes in India:

Rank	Institute
301-350	Indian Institute of Science(IISc), Bengaluru
351-400	Indian Institute of Technology(IIT), Ropar
401-500	Indian Institute of Technology(IIT), Indore

(Q.04) Which state received the 1st inland shipping cargo from Bangladesh under Protocol for Inland Water Trade & Transit (PIWTT)?

1) West Bengal
2) Assam
3) Arunachal Pradesh
4) Tripura

Ans. :-(4) Tripura

The Daukandi (Bangladesh) – Sonamura (Tripura) Inland Waterway Protocol route has been operationalized giving further boost to bilateral trade between India-Bangladesh relations under Protocol for Inland Water Trade & Transit (PIWTT). This is the first ever export consignment from Bangladesh to Tripura through the inland waterways. In the last one year, approx. 3.5 MMT (Million Metric Tonnes) of cargo was transported between India and Bangladesh on the protocol routes.

(Q.05) ‘The Young Minds’, the first children’s newspaper was launched in which state?
1) Tamil Nadu
2) Maharashtra
3) Assam
4) Uttar Pradesh

Ans. :-(3) Assam

The first children’s newspaper ‘The Young Minds’ has been launched in Assam, an initiative by Guwahati-based duo Neelam Sethia and Neha Bajaj.

(Q.06) The Reserve Bank of India has increased the Held to Maturity (HTM) limit or the amount that banks invest in G-secs from 19.5% to _______.
1) 19.7%
2) 24.25%
3) 22%
4) 18%

Ans. :-(3) 22%

Reserve Bank of India (RBI) announced measures in order to ensure orderly market conditions and congenial financial conditions. In this regard Reserve Bank will conduct additional special open market operations (OMO) involving the simultaneous purchase and sale of Government securities (G-secs) for Rs 20,000 crore in two tranches of Rs 10,000 crore each on September 10, 2020 and September 17, 2020. The apex bank also announced term repo operations of Rs 100,000 crore (1 trillion) to infuse liquidity into the market. The Reserve Bank also increased the held to maturity limit (HTM) or the amount that banks invest in G-secs from 19.5% to 22%. Therefore, banks can hold fresh acquisitions of SLR (Statutory Liquidity Ratio) securities acquired from September 1, 2020 under HTM up to an overall limit of 22% of net demand and time liabilities (NDTL) up to March 31, 2021.

(Q.07) Which fintech company’s subsidiary LazyPay launched a first of its kind digital credit card named ‘LazyUPI’?
1) PhonePe
2) Paytm
3) Mobikwik
4) PayU

Ans. :-(4) PayU

LazyPay, a part of PayU Finance has launched ‘LazyUPI’, a first of its kind digital credit card that combines Unified Payments Interface (UPI) and the Buy-Now-Pay-Later concept. The offering allows the users to access the real-time credit using UPI across omni-channel networks, which includes offline merchants and e-commerce platforms.

(Q.08) Which private sector bank in partnership with Empays Payment Systems launched a cardless cash withdrawal facility from ATMs through the Instant Money Transfer (IMT) system?
1) Axis Bank
2) RBL Bank
3) ICICI Bank
4) IndusInd Bank

Ans. :- (2) RBL Bank

In order to expand RBL Bank’s suite of contactless banking services, it has launched a cardless cash withdrawal facility from Automated Teller Machines (ATMs), through the Instant Money Transfer (IMT) system in partnership with Empays Payment Systems India Pvt Ltd. This service enables the customers of the RBL Bank to withdraw cash without their debit cards from 389 IMT-enabled bank’s ATMs or more than 40,000 other bank ATMs across the country.

(Q.09) Finance Industry Development Council (FIDC) requested RBI to review new current account rules recently. Where is the HQ of FIDC located?
1) Mumbai
2) Delhi
3) Mangalore
4) Chennai

Ans. :-(1) Mumbai

The umbrella body for non-banking financial companies (NBFCs), Finance Industry Development Council (FIDC) requested the Reserve Bank of India (RBI) to review the current account circular dated August 6, 2020 which stated that no bank is allowed to open current accounts for the customer who availed credit facilities in the form of cash and credit (CC) or overdraft (OD) from the banking system. FIDC Headquartered in Mumbai, Maharashtra. On August 6, 2020, RBI issued revised guidelines for banks for opening current accounts in order to maintain discipline among the borrowers. As per the latest RBI guidelines, a bank opening a dedicated current account of any company with Rs 50 crore or more in debt must have at least 10 per cent loan exposure in the concerned business entity. Most foreign banks manage current accounts of corporate without providing any loan to them.

(Q.10) Name the company which signed MoU with India-Sweden Healthcare Innovation Centre (ISIC).
1) H-Lab
2) T-Cab
3) C-CAMP
4) Kribs Bionest

Ans. :-(3) C-CAMP

Centre for Cellular and Molecular Platforms (C-CAMP) signed a Memorandum of Understanding (MoU) with India Sweden Healthcare Innovation Centre (ISIC) to identify and find innovations to make quality healthcare affordable and accessible for all. The Collaboration is aimed at building a strong crop of biopharmaceuticals, medtech, diagnostics, nutraceuticals and other healthcare interventions in India.

(Q.11) Chakr Innovation, the incubated start-up of ‘which’ IIT has launched decontamination device named “Chakr DeCoV” to decontaminate the N95 masks?
1) IIT Kharagpur
2) IIT Delhi
3) IIT Madras
4) None of the Above

Ans. :-(2) IIT Delhi

Indian Institute of Technology (IIT) Delhi incubated startup Chakr Innovation launched an Ozone based decontamination device named “Chakr DeCoV” to decontaminate the N95 masks and reuse upto 10 times. Ashwini Kumar Choubey, Minister of State(MoS) for Health and Family Welfare launched the device over a virtual platform. The device was developed by the Chakr Innovation team led by Tushar Batham with the guidance of researchers and professors of IIT Delhi.

(Q.12) LIGO and VIRGO detected the collision of ‘Impossible’ black holes for 1st time recently. The research was published in which journal?
1) Journal of Proteomics
2) The Journal of Space
3) The Social Science Journal
4) Astrophysical Journal Letters

Ans. :-(4) Astrophysical Journal Letters

The Collision of ‘Impossible’ Black Holes was detected and directly observed by the Laser Interferometer Gravitational Wave Laboratory (LIGO) Scientific Collaboration and the Virgo Collaboration also known as LVC (LIGO Scientific Collaboration and Virgo Collaboration), which includes scientists from the Australian National University (ANU). 2 scientific papers about the discovery of the black hole and its astrophysical implications have been published in Physical Review Letters and Astrophysical Journal Letters respectively.

(Q.13) Which app was declared India’s 2nd best app in the health category?
1) Fitbit
2) MyFitnessPal
3) My Diet
4) iMumz

Ans. :-(4) iMumz

Two alumni of IIT-BHU Ravi Teja and Mayur Dhurpate have developed iMumz app, which was declared the country’s second best app in health category in the prestigious ‘AatmaNirbhar Bharat App Innovation Challenge’.

(Q.14) Which state government has launched the app named ‘I Rakhwali’ to make citizens ‘Greenery Saviours’?
1) Goa
2) Punjab
3) Karnataka
4) Haryana

Ans. :-(2) Punjab

Punjab State Minister for Department of Forest & Wildlife & Preservation Sadhu Singh Dharmsot launched ‘I Rakhwali’ application. The app was launched to safeguard the forest areas in the state by making common citizens as stakeholders in the process. It will help citizens to become ‘Greenery Saviours’ 

(Q.15) Who has written the biography of Sheela Ambalal Patel named ‘Nothing to Lose’?
1) Mukul Kesavan
2) Manbeena Sandhu
3) Anand Sheela
4) Anand Pandian

Ans. :-(2) Manbeena Sandhu

2 books on Sheela Birnstiel (Other Name- Sheela Ambalal Patel, popularly called as Ma Anand Sheela), namely ‘Nothing to Lose’, an authorized biography by Manbeena Sandhu, which portrays the woman behind the strong persona and her Memoir, ‘My Story in My Own Words’ to be published in October and November respectively. ‘Nothing to Lose’- Harper Collins, India ‘My Story in My Own Words’- Penguin Random House.