Current Affairs Quiz Questions and Answers 2020
15 OCT 2020
(Q.01) Which edition of GST council meet chaired by Finance Minister Niramala Sitharaman was held recently?
Ans. :-(4) 42nd
The 42nd GST Council meeting was held video conferencing from New Delhi under the chairmanship of Union Finance Minister Nirmala Sitharaman where it was decided that this year’s compensation cess collected amounting to Rs 20,000 crore will be disbursed to the states. The meeting was attended by Minister of State (MoS) Anurag Singh Thakur, Ministry of Finance along with Finance Ministers and Senior officers of States and UTs (Union Territories).
(Q.02) The small taxpayers with annual turnover less than ________ will not be required to file monthly returns with effect from January 1, 2021.
1) Rs 2.5 crore
2) Rs 25 crore
3) Rs 15 crore
4) Rs 5 crore
Ans. :-(4) Rs 5 crore
With effect from January 1, 2021, small taxpayers with annual turnover less than Rs 5 crore will not be required to file monthly returns (GSTR-3B and GSTR-1). They will only file quarterly returns. Therefore, the number of returns of small taxpayers will be reduced from 24 to 8.
(Q.03) Which ministry released the India’s first pan India use survey titled “NSS Report- Time Use in India 2019”?
1) Ministry of Home Affairs
2) Ministry of Heavy Industries and Public Enterprises
3) Ministry of Statistics and Programme Implementation
4) Ministry of Science and Technology
Ans. :-(3) Ministry of Statistics and Programme Implementation
India’s first Pan India time use survey (TUS) titled “NSS Report- Time Use in India 2019” where NSS is National Sample Survey, was released by the Ministry of Statistics and Programme Implementation (MoSPI) in the form of 2,140-page report. It was a sample survey conducted between January and December 2019 in which 1.39 lakh households across the country and 4.47 lakh persons over the age of 6 were enumerated in measuring the participation of men and women in paid and unpaid activities
(Q.04) The Development Monitoring and Evaluation Office which conducted the Data Governance Quality Index Survey belongs to “which” institution?
3) NITI AAYOG
Ans. :-(3) NITI AAYOG
The Development Monitoring and Evaluation Office(DMEO), Niti Aayog conducted a Data Governance Quality Index Survey to assess the performance of the ministries/departments based on the implementation of Central Sector Schemes(CS) and Centrally Sponsored Schemes(CSS). The Department of Fertilizers, Ministry of Chemical and Fertilizers ranked 3rd among the 65 ministries/departments with 4.11 on a scale of 5. The Department of fertilizers also secured 2nd rank among the 16 Economic Ministries/Departments
(Q.05) ‘MSME Prerana’ launched by Finance Minister Nirmala Sitharaman is the business mentoring programme of which bank?
1) Indian Bank
2) Bank of Baroda
3) Oriental Bank of Commerce
4) Bank of Maharashtra
Ans. :-(1) Indian Bank
Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman, launched “MSME Prerana” an online business mentoring programme for Micro, Small & Medium Enterprises (MSMEs) by Indian Bank in collaboration with Poornatha & Co, at the bank’s headquarters in Chennai, Tamil Nadu. As per Indian Bank, it is the first-of-its-kind initiative by a bank in India for the MSME sector.
(Q.06) Name the company which has launched India’s 1st ‘Financial Control Center’ on mobile to empower small business owners.
1) Monsoon Credit
3) Business Quant
4) Square Capital
Ans. :-(2) Chqbook
In view of the pandemic, Chqbook(Chqbook.com), India’s first Neobank for small business owners like kiranas, merchants, chemists, and others running proprietorships has launched India’s 1st ‘Financial Control Center’, a new mobile platform to empower 60 million small business owners of India. The mobile application of Chqbook will give small businesses the power to manage everyday financial needs and to access other financial products, which helps them to save time, effort and money.
(Q.07) Which bank partnered with Vistara to launch industry 1st co-branded Forex card for international travelers?
1) Indian Bank
2) IndusInd Bank
3) yes Bank
4) Axis Bank
Ans. :-(4) Axis Bank
Axis Bank Ltd in partnership with Vistara, India’s full service carrier launched a Co-Branded Forex Card, ‘Axis Bank Club Vistara Forex Card’ to cater the needs of international travellers. This is the 1st-ever collaboration by a bank and an Indian airline for a co-branded forex card. The multicurrency forex card enables customers to travel to international destinations in a cashless and hassle free manner.
(Q.08) Indian Sign Language Research and Training Center (ISLRTC) signed MoU with which organization to make educational material accessible for deaf children?
1) University Grants Commission
2) National Council of Educational Research and Training
3) Department of School Education
4) Kendriya Vidyalaya Sangathan
Ans. :- (2) National Council of Educational Research and Training
Indian Sign Language Research and Training Center (ISLRTC) and The National Council of Educational Research and Training (NCERT) signed a Memorandum of Understanding(MoU) to convert the NCERT educational materials into Indian Sign Language (ISL). This ensures the accessibility of NCERT materials to the Indian students with hearing impairment in their preferred mode of communication(ISL). The MoU was signed by Dr Prabodh Seth, Joint Secretary of the Department of Empowerment of Persons with Disabilities (DEPwD) & Director of ISLRTC and Prof. Hrushikesh Senapathy, Director of NCERT. This MoU is based on the United Nations Children’s Fund(UNICEF)‘s initiative “Accessible Digital Textbooks for All” and its decisions.
(Q.09) Name the PSU which signed MoU with Prasar Bharati to broadcast and promote new agriculture technology.
1) Indian Farmers Fertiliser Cooperative Limited
2) National Farms Corporation of India
3) North Eastern Regional Agricultural Marketing Corporation
4) National Seeds Corporation
Ans. :-(1) Indian Farmers Fertiliser Cooperative Limited
Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Prasar Bharati inked Memorandum of Understanding (MoU) to broadcast and promote new agriculture technology and innovations during a program organised in Prithvi Bhavan, New Delhi. IFFCO is the world’s biggest fertiliser cooperative and has prepared a Nanotechnology based alternative of Urea. As a part of MoU, DD(Doordarshan) Kisan will broadcast various innovative techniques adopted in the agriculture field in easy language through a 30 minutes’ program series of approximate 25 episodes.
(Q.10) FICCI Ladies Organisation (FLO) has signed MoU with which organisation to empower women through skill training?
1) National Skill Development Corporation
2) National Skill Development Department
3) Industrial training institute
4) Tata STRIVE Extension Centre
Ans. :-(1) National Skill Development Corporation
Federation of Indian Chamber of Commerce and Industry(FICCI) Ladies Organisation (FLO), the women’s wing of FICCI and National Skill Development Corporation (NSDC) signed a Memorandum of Understanding (MoU) under the 3C initiative of FLO to empower women with employability through skill training and to promote women entrepreneurship. The primary focus of this MoU is to generate a sustainable livelihood for women.
(Q.11) Which state government signed MoU with DET, GIZ India and Siemens India to implement Indo-German Initiative for Technical Education (IGnITE)?
Ans. :-(3) Telangana
In order to implement a new initiative, Indo-German Initiative for Technical Education (IGnITE), Telangana government has signed a tripartite agreement between Department of Employment and Training(DET), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), India and Siemens Limited, India in presence of Ch Malla Reddy, Minister of labour and Employment. The initiative focuses on industry’s need and practices and training the trainees.
(Q.12) Which UT has collaborated with National Dairy Development Board (NDDB) to conduct survey for promotion of Dairying?
4) Andaman and Nicobar Islands
Ans. :-(4) Andaman and Nicobar Islands
National Dairy Development Board (NDDB) and Union Territory (UT) Administration of Ladakh signed a Memorandum of Understanding (MoU) to conduct a survey for promotion of dairying and rural livelihood in the region.
(Q.13) Sabah Al Khalid Al Sabah, the prime minister of which country resigned recently?
1) Saudi Arabia
Ans. :-(4) Kuwait
The Kuwaiti government, headed by Prime Minister(PM) Sabah Al Khalid Al Sabah submitted its resignation to Emir Nawaf Al Ahmed Al Jaber Al Sabah in anticipation of the upcoming general elections that are due to be held in November, 2020. He took charge as the PM in 2019. The emir named Sheikh Meshaal Al-Ahmed Al-Jaber Al-Sabah, currently the deputy head of the National Guard, as crown prince of Kuwait.
(Q.14) Who has been appointed as the chairman of State Bank of India with effect from October 7, 2020?
1) Dinesh Kumar Khara
3) K. Ravichandran
4) C Buvaneswaran
Ans. :-(1) Dinesh Kumar Khara
The Government of India appointed Dinesh Kumar Khara, the current Managing Director of State Bank of India as the new Chairman of SBI for a period of three years effective from 7th October 2020. Dinesh Kumar Khara succeeds Rajnish Kumar as the new Chairman, whose 3-year term ended on 7th October 2020. The appointment of Dinesh Kumar was recommended by the Bank Board Bureau.
(Q.15) J Venkatramu has been appointed as the MD&CEO of which payments bank?
1) Airtel Payments Bank
2) India Post Payments Bank
3) Paytm Payments Bank
4) Fino Payments Bank
Ans. :-(3) India Post Payments Bank
The Appointments Committee of the Cabinet approved the appointment of J Venkatramu as Managing Director (MD) & Chief Executive Officer (CEO) of India Post Payments Bank (IPPB) for a period of three years. J Venkatramu will succeed Suresh Sethi, who served the post till March, 2020.
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