Current Affairs Quiz: March 17, 2020

1. Union Cabinet approved the RoDTEP scheme, which is set to replace MEIS (Merchandise Export Incentive Scheme). What does R stand for, in the new RoDTEP scheme?

[A] Reduction
[B] Remission
[C] Reception
[D] Remuneration

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2. As per the recent notification of the Reserve Bank of India, what is the limit for Urban cooperative banks (UCBs), to lend to a single borrower?

[A] 10% of tier-I capital
[B] 15% of tier-I capital
[C] 20% of tier-I capital
[D] 25% of tier-I capital

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3. The Government has declared face masks and hand sanitizers as essential commodities by placing them under which act?

[A] The Consumer Protection Act, 2019
[B] The Essential Commodities Act 1955
[C] The Epidemic Act 1897
[D] Bureau of Indian Standards Act, 2016

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4. The Reserve Bank of India issued guidelines for implementation of Ind AS by Non-banking financial companies (NBFCs) and Asset reconstruction companies (ARCs). What does Ind AS stand for?

[A] Indian Accounting Standards
[B] International Accounting Standards
[C] Indian Asset Standards
[D] International Asset Standards

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5. In the Green Highways Project, what percentage of the total project cost are spent for highway plantation and its maintenance?

[A] 0.5%
[B] 1%
[C] 1.5%
[D] 2%

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The above 5 questions are part of Daily Current Affairs 20 MCQs Series in GKToday's Academy Android Application. This series can be subscribed in the app only for Rs. 750/- for entire year. Download Now

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