Current Affairs Quiz - April, 2020
This page presents 50 random questions from Current Affairs April, 2020 category for April, 2020 month in GKToday. These questions are suitable for SSC, Banking / IBPS, UPSC, IAS, NTSE, CLAT, Railways, NDA, CDS, Judiciary, UPPSC, RPSC, GPSC, MPSC, MPPSC and other states civil services / government job recruitment examinations of India. GKToday publishes 15-20 questions every day in its Yearly Current Affairs Series in GKToday Android App. Download Now.
1. Which global financial institution is to invest $100 million equivalent in the Fund of Funds of National Investment and Infrastructure Fund (NIIF)?
[A] World Bank
[B] International Monetary Fund
[C] Asian Development Bank
[D] European Central Bank
Show Answer
Correct Answer: C [Asian Development Bank]
Notes:
Manila-based Asian Development Bank (ADB) is to invest $100 million equivalent in the National Investment and Infrastructure Fund-NIIF’s Fund of Funds.
ADB joins the Government of India (GOI) and Asian Infrastructure Investment Bank (AIIB) as an investor in one of the instruments of NIIF of India. NIIF is an investment platform for Indian and international investors where they are mandated to invest equity capital in domestic infrastructure.
2. Which state government has launched a mobile application called PRAGYAAM to issue e-passes for people involved in essential services amid lock-down?
[A] Telangana
[B] Odisha
[C] Jharkhand
[D] Punjab
Show Answer
Correct Answer: C [Jharkhand]
Notes:
The state government of Jharkhand has launched a mobile application called ‘PRAGYAAM’ to issue e-passes to the people engaged in delivery of essential services during the national lockdown.
The country observes a 21-day nation-wide lockdown to combat the spread of coronavirus. After verifying and uploading the documents through this android-based application, the District Transport Officers will issue e-passes.
3. What is the new limit for investment of Foreign portfolio investors (FPI) in corporate bonds, as per the notification of the Reserve Bank of India?
[A] 10%
[B] 12%
[C] 15%
[D] 17.5%
Show Answer
Correct Answer: C [15%]
Notes:
As per the recent notification of the Reserve Bank of India (RBI), the limit for investment of Foreign portfolio investors (FPI) in corporate bonds is hiked to 15% of outstanding stock for FY2020-21.
FPIs can invest Rs 3.17 lakh crore in Indian corporate bonds, at present. After this hike in limit, they can invest up to Rs 4.29 lakh crore of corporate bonds for the half year April to September 2020, and Rs 5.41 lakh crore for the half year October 2020 to March 2021. The revised limits for FPI investment in Central Government securities (G-secs) and State Development Loans (SDLs) will be notified separately.
4. All private sector and foreign banks should intimate re-appointment of MD & CEO how many months in advance, as per the new stipulation of the Reserve Bank of India?
[A] Three
[B] Four
[C] Six
[D] Eight
Show Answer
Correct Answer: C [Six]
Notes:
As per the new stipulation of the Reserve Bank of India, all private sector and foreign banks will have to intimate cases of re-appointment of Managing Director and Chief executives to the Central Bank, 6 months in advance.
Earlier the practice was intimating the cases 4 months in advance. The number of names required to be mentioned in cases of fresh appointments of MD and CEOs has also been reduced to two, from three earlier.
5. Arjun Dev, who recently passed away, was associated with which profession?
[A] Businessperson
[B] Politician
[C] Historian
[D] Musician
Show Answer
Correct Answer: C [Historian]
Notes:
Veteran Indian historian Arjun Dev, who co-authored several popular NCERT books, recently passed away in Noida.
Mr. Arjun Dev served as a historian at the National Council of Educational Research and Training (NCERT) for many years. He wrote many famous NCERT books on Modern and Contemporary India and the World, along with his wife Indira Arjun. In the later part of his life, he was associated with the ‘Towards Freedom Project’ of the Indian Council of Historical Research.
6. What is the name of the first indigenous testing kit for COVID-19 in India, which was launched at Pune?
[A] Patho Detect
[B] Covid Detect
[C] India Detect
[D] Mylab Detect
Show Answer
Correct Answer: A [Patho Detect]
Notes:
The Research and Development team of the Pune-based Mylab Discovery, headed by the virologist Minal Dakhave Bhosale has designed the first made-in-India testing kit for the Covid-19 disease.
This first indigenous kit, which has been developed in a record time of six weeks, is called ‘Patho Detect’. Usually developing such testing kits would take three to four months. Mylab Discovery is a molecular diagnostic company, which is also the first Indian firm to get full approval to make and sell Covid-19 testing kits.
7. As per the recent notification of the Reserve Bank of India, what is the new deadline for exporters to realise their export proceeds for exports made up to July 31?
[A] 9 months
[B] 12 months
[C] 15 months
[D] 18 months
Show Answer
Correct Answer: C [15 months]
Notes:
The Reserve Bank of India recently released some measures to deal with the consequence of the coronavirus pandemic. As per the new export norms, the exporters can take 15 months to realise their export proceeds, for exports made up to July 31 against the earlier 9 months.
RBI also increased the Ways and Means Advances limit for state governments and UTs by 30 % till September 30. It also said that the banks are not required to activate counter-cyclical capital buffers for one more year.
8. As of April 2020, which country holds the presidency of United Nations Security Council?
[A] China
[B] Dominican Republic
[C] Argentina
[D] France
Show Answer
Correct Answer: B [Dominican Republic]
Notes:
The current President of the United Nations Security Council is the Dominican Republic, which assumed rotating presidency of the council from China for the month of April.
As per the Ambassador of Dominican Republic, the 15-nation council is to meet for the first time before next week to discuss about the ongoing pandemic. The council has not held a meeting since the coronavirus pandemic hit the world and caused serious damages.
9. The application called ‘Neighbourly’, which was recently shut down, was initially launched by major tech firm?
[A] Microsoft
[B] Google
[C] Facebook
[D] Amazon
Show Answer
Correct Answer: B [Google]
Notes:
Technological major Google has recently shut down its neighbourhood community app called Neighbourly, which will be completely closed on May 12, 2020.
The application which was launched two years ago, hasn’t gained much userbase as expected and hence it has been shut down. The users will be able to download the content of the application until October 12 of this year.
10. Which Indian Non-Governmental organisation (NGO) won the prestigious USD 1.5 million Skoll Award for Social Entrepreneurship?
[A] CARE India
[B] CRY
[C] ARMMAN
[D] SMILE
Show Answer
Correct Answer: C [ARMMAN]
Notes:
An India-based non-profit organization ARMMAN has been awarded the prestigious Skoll Award for Social Entrepreneurship 2020.
The NGO has been selected for its contribution towards the maternal and child health sector in India. Out of the five organisations which won this USD 1.5 million award, it is the only one selected from Asia and Africa. The NGO has been implementing mobile health programs in partnership with the Government of India.
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