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. According to the recent announcement from the Minister of Petroleum and Natural Gas, which country has assured uninterrupted supply of LPG to India?
[A] Saudi Arabia
[B] Iran
[C] Iraq
[D] Venezuela
Show Answer
Correct Answer: A [Saudi Arabia]
Notes:
Union Minister of Petroleum and Natural Gas Dharmendra Pradhan recently announced that Saudi Arabia has assured India of uninterrupted supply of Liquified Petroleum Gas (LPG).
The Minister announced this after his discussions with Saudi Minister of Energy, Prince Abdulaziz bin Salman. As the cooking gas demand surged due to the nation-wide lockdown, Saudi Arabia has assured of LPG supplies to support the domestic requirement in the upcoming days.
2. What is the limit of the short-term crop loan, for which a subvention of two per cent per annum is provided under the Interest Subvention scheme?
[A] Rs 1 lakh
[B] Rs 2 lakh
[C] Rs 3 lakh
[D] Rs 5 lakh
Show Answer
Correct Answer: C [Rs 3 lakh]
Notes:
Under the Interest Subvention Scheme, a subvention of two per cent per annum is provided for short-term crop loan of up to Rs 3 lakh per farmer.
As per the recent notification from the Ministry of Agriculture, as the government has extended the subsidy to banks till May 31, the farmers will be given a subvention of 2 % for short term crop loans up to Rs. 3 lakhs. The farmers who repay the loans promptly will continue to get the loans at 4 per cent.
3. Insurance Australia General (IAG) has sold its entire 26% stake held in which Insurance company of India?
[A] SBI General Insurance
[B] HDFC Ergo
[C] ICICI Lombard
[D] Aditya Birla Life Insurance
Show Answer
Correct Answer: A [SBI General Insurance]
Notes:
As per the recent notification from the country’s largest lender State Bank of India said Insurance Australia General (IAG) of Australia has exited from SBI General Insurance.
IAG sold its entire 26 per cent stake in the SBI General insurance, for USD 310 million (about Rs 2,325 crore) to Napean Opportunities and WP Honey Wheat Investment Ltd, which are subsidiaries of Premji Invest and Warburg Pincus group respectively. SBI owns 70 per cent stake in its insurance arm.
4. What is the GDP growth estimate of India for the financial year 2020-21, as per India Ratings (Ind-Ra)?
[A] 2.5%
[B] 3.6%
[C] 4.1%
[D] 5.0%
Show Answer
Correct Answer: B [3.6%]
Notes:
Domestic rating agency, India Ratings and Research (Ind-Ra) recently announced that the Gross domestic product (GDP) forecast for the financial year 2020-21 is estimated at 3.6 per cent.
The agency had earlier estimated that India would grow at 5.5 per cent in 2020-21. The main reason for the big reduction in growth is said to be the Covid-19 outbreak and the resultant nation-wide lockdown imposed, which reduced all economic activities.
5. International Olympic Committee (IOC) shifted the Tokyo Olympics to July 2021. In which country is the headquarters of IOC located?
[A] Greece
[B] Switzerland
[C] Italy
[D] United States
Show Answer
Correct Answer: B [Switzerland]
Notes:
On the 125th anniversary of the Olympic Games in 2019, the International Olympic Committee (IOC) formally opened its new headquarters in Lausanne, Switzerland.
IOC was seen in news recently as the Tokyo Olympics which was scheduled to be held this July has been shifted to be held from July 23 to August 8 in 2021. IOC also announced that the Paralympics Games will be organised from August 24 to September 5, 2021.
6. According to a recent report from UNCTAD, which country along with China will not be affected by recession?
[A] India
[B] Japan
[C] Germany
[D] Saudi Arabia
Show Answer
Correct Answer: A [India]
Notes:
United Nations Conference on Trade and Development (UNCTAD) has released an analysis report titled ‘The COVID-19 Shock to Developing Countries: Towards a ‘whatever it takes’ programme for the two-thirds of the world’s population being left behind’.
As per its analysis, the world economy will go into recession this year except India and China. The loss to be incurred is estimated to be several trillions of dollars due to the coronavirus pandemic.
7. The term of which Deputy Governor of the Reserve Bank of India was extended for a period of one year, recently?
[A] N S Vishwanathan
[B] M K Jain
[C] B P Kanungo
[D] Michael Debabrata Patra
Show Answer
Correct Answer: C [B P Kanungo]
Notes:
As per the recent notification of the Reserve Bank of India, the Centre has extended the tenure of Reserve Bank Deputy Governor B P Kanungo by a year with effect from April 3, 2020.
Kanungo assumed charge as a Deputy Governor in 2017 and his term was to end at April 2. Now he has been re-appointed as the Deputy Governor for a period of 1 year. Other three Deputy Governors are N S Vishwanathan, M K Jain and Michael Debabrata Patra.
8. The Department of Science and Technology has released Rs. 1 Crore to a company named ‘Scitech Park’ for manufacturing which product?
[A] Masks
[B] Hand Sanitiser
[C] Air Purifier
[D] Ventilator
Show Answer
Correct Answer: C [Air Purifier]
Notes:
The Department of Science and Technology has released Rs. 1 Crore to an incubatee firm called Science and Technology park also called as Scitech park.
The Pune-based Scitech park has developed a novel air-purifying technology, which is expected to be used during the ongoing response of the country against Covid-19. The production of the new purifier called ‘Scitech Airon’ is to be scaled up and 1000 units will be soon installed in hospitals.
9. 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.
10. 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.
The above 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.
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