Current Affairs Quiz Questions and Answers 2020 || 17 Sept 2020 ||

Current Affairs Quiz Questions and Answers 2020

17 SEPT 2020

(Q.01) Who has launched the Climate Smart Cities Assessment Framework (CSCAF) 2.0 & the “Streets for People Challenge” recently?
1) Pralhad Joshi
2) Hardeep Singh Puri
3) Shripad Yasso Naik
4) None of the Above

Ans. :-(2) Hardeep Singh Puri

Union Minister of State (MoS)- Independent Charge (I/C) Hardeep Singh Puri for Ministry of Housing and Urban Affairs (MoHUA) launched the Climate Smart Cities Assessment Framework (CSCAF) 2.0, along with the “Streets for People Challenge” in a virtual event organized by the Smart Cities Mission from New Delhi. It should be noted that the National Institute of Urban Affairs (NIUA) with support from MoHUA has established the Climate Centre for Cities (C3), now these C3 under NIUA are supporting MoHUA in implementation of CSCAF.

(Q.02) South India’s first Kisan train was commenced from which state to New Delhi recently?
1) Madhya Pradesh
2) Andhra Pradesh
3) Telangana
4) Uttar Pradesh

Ans. :-(2) Andhra Pradesh

India’s second and South India’s first Kisan Train commenced its inaugural run from Anantapur in Andhra Pradesh to Adarsh Nagar in New Delhi on September 9, 2020. Anantapur is fast becoming the Fruit Bowl of Andhra Pradesh.

(Q.03) Which session of the United Nations General Assembly High-Level Forum on the Culture of Peace held recently?
1) 74th
2) 68th
3) 71st
4) 83rd

Ans. :-(1) 74th

The 74th Session of the United Nations General Assembly (UNGA) High-Level Forum (HLF) on the Culture of Peace which was convened by its President Tijjani Muhammad-Bande and addressed by UN Secretary-General Antonio Guterres on the theme “The Culture of Peace: Change our world for the better in the age of COVID-19”. The event was also addressed by ambassadors of a large number of Member States and High Representatives of several UN entities where Indian side was represented by Counsellor in the Permanent Mission of India to the UN Paulomi Tripathi. Apart from the above mentioned main event, a side event titled “Education, Covid-19 and the Culture of Peace” was also organized by the renowned US Think Tank the International Peace Institute (IPI).

(Q.04) Name the social security scheme which was launched by Odisha government for sanitation workers.
1) Swarna
2) Shurakhya
3) Khushi
4) Garima

Ans. :-(4) Garima

Chief Minister of Odisha, Naveen Patnaik launched a first-of-its-kind statewide scheme called “GARIMA” to ensure the safety and dignity of core sanitation workers of the state. He dedicated the scheme to Mahatma Gandhi. It will be implemented by Housing & Urban Development (H&UD) Department through 114 Urban Local Bodies (ULBs) of Odisha and an Initial Fund of Rs. 50 Crore will be allocated for implementation of the scheme. The Ministry of Housing and Urban Development department, Odisha has signed a Ministry of Understanding (MoU) with not-for-profit organization Urban Management Centre for providing the technical support to implement the scheme.

(Q.05) Find the J&K governor who announced Universal Health Insurance coverage scheme for all residents of the UT.
1) Manoj Sinha
2) Anusuiya Uikey
3) Anandiben Patel
4) G.C. Murmu

Ans. :-(1) Manoj Sinha

Jammu & Kashmir (J&K) Governor, Manoj Sinha announced Universal Health Insurance Coverage Scheme for all residents of the Union Territory at an annual expenditure of Rs 123 Crores. The scheme will have the same benefits as the Ayushman Bharat Scheme. Through the scheme which is the first of its kind in the country, beneficiaries can avail cashless treatment at all hospitals under the Ayushman Bharat Scheme across the country. The Governor invited suggestions from the public for naming of the J&K Health Scheme.

(Q.06) Which bank has signed USD 15 million deal with Suguna foods to sustain rural livelihoods in India during pandemic?
1) NDB
2) IMF
3) World Bank
4) None of the Above

Ans. :-(4) None of the Above

In order to help sustain poultry farming operations, rural livelihoods and food security in India during the COVID-19 pandemic, Asian Development Bank (ADB) has signed an agreement for USD ($) 15 million debt financing through the subscription of nonconvertible debentures for Suguna Foods Private Limited (Suguna), one of India’s largest poultry broiler enterprises, in equivalent Indian rupees. It aligns with the National Action Plan for Egg and Poultry and with the $20 billion response package of ADB to COVID-19.

(Q.07) Name the organization which revamped the multi-cap mutual funds category recently.
1) RBI
2) IRDAI
3) SEBI
4) PFRDA

Ans. :-(3) SEBI

Securities and Exchange Board of India (SEBI) publicized a partially modified portfolio structure for multi-cap mutual funds category through a circular stating minimum investment in equity & equity related instruments and definition of large-cap, mid-cap and small-cap. With regard to this, Asset Management Company (AMC) will now have to invest at least 25% of their portfolios across large-cap, mid cap and small cap companies each. This decision has been taken for decreasing the risk of being overweight on any one kind of market-cap firm. The definition of large-cap, mid-cap and small-cap as follows: Large Cap: 1st -100th company in terms of full market capitalization Mid Cap: 101st -250th company in terms of full market capitalization Small Cap: 251st company onwards in terms of full market capitalization.

(Q.08) The RBI laid down guidelines for banks to appoint Chief Compliance Officers (CCO) recently. The CCO should be appointed for a minimum fixed period of how many years (age not more than 55 years)?
1) 1 year
2) 3 years
3) 5 years
4) 6 years

Ans. :- (2) 3 years

In order to ensure uniformity and effective management of compliance risk in banking sector, on September 11, 2020, Reserve Bank of India (RBI) laid down guidelines for “Compliance Functions in Banks and Role of Chief Compliance Officer (CCO)” stating appointment and tenure of chief compliance officer (CCO), policy (which should be reviewed at least once a year), and reporting requirements and duties of the compliance function, among others. CCO should be appointed for a minimum fixed period of 3 years with age not more than 55 years. The Audit Committee of the Board (ACB) / Managing Director (MD) & CEO should factor this requirement while appointing CCO. –No vigilance case or adverse observation from RBI, shall be pending against the candidate identified for appointment as the CCO.

(Q.09) What will be the GDP of India in FY21 as per the estimation of CARE ratings?
1) -8.0% to -8.2%
2) -5.0% to -6.2%
3) -13.6% to -14.2%
4) -4.7% to -5.5%

Ans. :-(1) -8.0% to -8.2%

The latest report for revised GDP forecast FY 21 by CARE Ratings Limited-CARE (formerly Credit Analysis and Research Limited) projected India’s GDP (Gross Domestic Product) to contract by 8.0 – 8.2% (-8.0% to -8.2%) in FY 21. Earlier in July, 2020 the rating agency had projected that India’s GDP will contract by 6.4% (-6.4%) in FY21. The report also forecasted that Gross Value Added (GVA) growth in FY21 will be -7.7%.

(Q.10) Which company has partnered with NVIDIA to pursue expanded opportunities in the Artificial Intelligence (AI) space?
1) Tata Consultancy Services
2) HCL Technologies
3) Tech Mahindra
4) Wipro

Ans. :-(2) HCL Technologies

In order to pursue expanded opportunities in the Artificial Intelligence (AI) space, HCL Technologies Ltd (HCL), a leading global technology company, has partnered with NVIDIA Partner Network (NPN), the US-based technology company’s partner program. HCL to launch NEXT.ai, HCL’s AI Lab, which focuses on upskilling engineers and architects, using AI solutions across hardware and software technology stacks. NEXT.ai is powered by two NVIDIA DGX-1 systems, which enables accelerated delivery of AI solutions.

(Q.11) Credit rating agency, Moody’s has projected contraction of _____ in Indian economic growth in FY21.
1) 14.5%
2) 7.5%
3) 11.5%
4) 6.5%

Ans. :-(3) 11.5%

Ratings agency Moody’s projected a contraction of 11.5% in India’s economic growth in FY20-21 amid COVID-19 in comparison to (-) 4% estimated earlier. On the other hand, the agency predicted a rebound in India’s economic growth to 10.6% in the next fiscal year (FY22) on a strong base in comparison to 8.7% earlier. Notably, India’s gross domestic product (GDP) contracted by 23.9% in April-June (Q1FY21) and some agencies have predicted negative growth even during the July-September (Q2FY21) quarter of the FY21.

(Q.12) The Liberty General Insurance has collaborated with which company to offer ‘Liberty Secure Travel’ insurance policy?
1) IndiGo
2) AB PandeyGoAir
3) AirIndia
4) SpiceJet

Ans. :-(4) SpiceJet

Liberty General Insurance Ltd. (Liberty) has partnered with SpiceJet to offer ‘Liberty Secure Travel’ an Insurance Policy to consumers who book tickets through the airline’s website and mobile site. The new Zero Cancellation service of Liberty offered under the policy enables the passengers to cancel the tickets and claim 100%(full) reimbursement of the cancellation charges if the customers are unable to fly due to any unavoidable circumstances. This is applicable across the domestic network of SpiceJet.

(Q.13) Reliance Industries has become the 1st Indian company to hit _____ market capitalization.
1) $100 billion
2) $150 billion
3) $200 billion
4) $250 billion

Ans. :-(3) $200 billion

Reliance Industries became the first Indian company to hit $200 billion market capitalization with an approximate value of $200.8 billion Tata Consultancy Services (TCS) is a distant second with market cap of Rs 8.75 trillion, or USD 119 billion. Mukesh Ambani-led Reliance Industries Limited (RIL) also becomes World’s 40th Most Valuable Company.

(Q.14) Find the state/UT which signed MoU with National Cooperative Development Corporation (NCDC) to promote and manage the farmer producer organizations.
1) Ladakh
2) Delhi
3) Madhya Pradesh
4) None of the Above

Ans. :-(4) None of the Above

Government of Odisha signed a Memorandum of Understanding (MoU) with National Cooperative Development Corporation (NCDC) to promote and manage the farmer producer organisations with the central sector scheme. Under the central scheme, National Centre for Cold-chain Development (NCCD) will form Farmer Producer Organisations(FPOs) and provide training and guidance to the small and marginal farmers of Odisha to tackle the huddles in production, quality etc.

(Q.15) Name the person who has been appointed as the chairman of the National School of Drama.
1) Sharad Kumar
2) Paresh Rawal
3) Ratan Thiyam
4) Kapil Sharma

Ans. :-(2) Paresh Rawal

On the recommendation of the Ministry of Culture, Ram Nath Kovind, President of India appointed Paresh Rawal, actor and former Member of Parliament as the Chairman of National School of Drama(NSD) for the next years, he succeeded Ratan Thiyam, Playwright and theatre Director who served as the chairman of NSD from 2013 to 2017 after which the post was vacant until now