Current Affairs Quiz - February, 2021
1. As per a report released by Alvarez & Marsal India, what is the average time taken for resolution in India under IBC, as on Sep’20?
[A] 330 days
[B] 360 days
[C] 400 days
[D] 440 days
Show Answer
Correct Answer: D [440 days]
Notes:
As per a recent report by Alvarez & Marsal India, as at September 2020, it took an average of 440 days for resolving 277 cases approved by the NCLT under the IBC.
The report stressed on the need for time-bound resolution of stressed assets and enhancing the resolution processes under Insolvency and Bankruptcy code as recovery percentages fell sharply to 15-25 % whenever there is an increase in time taken for resolution.
2. Which country is to introduce a bill to ban all private cryptocurrencies and create a sovereign digital currency?
[A] China
[B] India
[C] Japan
[D] New Zealand
Show Answer
Correct Answer: B [India]
Notes:
The Indian Government is to introduce a bill in Parliament to ban all private cryptocurrencies and create a sovereign digital currency by the Reserve Bank of India.
The bill is to allow certain exceptions to promote the underlying technology of cryptocurrency and its uses. A legislative framework on official digital currency is also expected to be created.
3. The cabinet of which state has recently cleared new Industrial Policy and proposals over Rs 52000 crores?
[A] Kerala
[B] Tamil Nadu
[C] Maharashtra
[D] Assam
Show Answer
Correct Answer: B [Tamil Nadu]
Notes:
The cabinet of Government of Tamil Nadu, has approved new investments in the state amounting Rs.52,257 crores. This includes investment by Tata Electronics amounting Rs.5,763 crores, for manufacture of mobile phone components. These investments are expected to generate over 93,935 jobs in the state.
The state’s cabinet has also cleared the Tamil Nadu Industrial Policy 2021.
4. Which country has recently amended its citizenship laws to attract individuals with specialized skills?
[A] India
[B] UAE
[C] US
[D] Germany
Show Answer
Correct Answer: B [UAE]
Notes:
The United Arab Emirates (UAE) has recently amended its Emirati Nationality Law, for granting citizenship to expatriates. This move is aimed to attract and retain individuals with specialised skills.
The amendment seeks to grant UAE citizenship to investors, and professionals like scientists, doctors, engineers, artists, authors and their families.
5. Vaccination against which disease was conducted recently as a National Vaccination Day?
[A] Hepatitis
[B] Polio
[C] Pneumonia
[D] BCG
Show Answer
Correct Answer: B [Polio]
Notes:
On the Polio National Immunization Day scheduled on January 31, 2021, around 89 lakh children were given polio drops under National Polio Immunisation drive across the country.
President Ram Nath Kovind launched the first round of Pulse Polio Programme 2021. Over seven lakh booths were set up for implementing the drive. A house-to-house surveillance will also be provided to vaccinate the remaining children.
6. Arun Hydropower Project, which was making news recently, is being constructed in which country?
[A] India
[B] Nepal
[C] Bangladesh
[D] Bhutan
Show Answer
Correct Answer: B [Nepal]
Notes:
The Investment Board Nepal (IBN), chaired by the Prime Minister KP Sharma Oli has awarded the Arun Hydropower Project to India’s Satluj Jal Vidyut Nigam.
The project to develop the 679-megawatt Lower Arun Hydropower Project, is awarded to the SJVN under the build, own, operate and transfer (BOOT) delivery method. The project cost is estimated at over 100 billion Nepalese rupees.
7. According to the WHO, which country has the highest number of new Leprosy cases in the world annually?
[A] China
[B] Pakistan
[C] India
[D] Indonesia
Show Answer
Correct Answer: C [India]
Notes:
According to the World Health Organization (WHO), India has the highest number of new cases of leprosy in the world annually.
India is followed by Brazil and Indonesia in the largest number of cases. In India, more new cases are reported from the rural belts of Bihar, Lakshadweep, Dadra and Nagar Haveli. January 31 is observed as World Leprosy Day.
8. Who is the chairperson of 15th Finance Commission?
[A] Raghuram Rajan
[B] NK Singh
[C] D Subbarao
[D] YV Reddy
Show Answer
Correct Answer: B [NK Singh]
Notes:
The 15th Finance Commission headed by NK Singh, with 117 core recommendation, has tabled its report in the Parliament recently.
The Finance Commission maintained the vertical devolution of taxes with the states at 41%. The divisible pool of financial resources is recommended at 42%, with 1% adjustment made for change of status. So, the vertical devolution of taxes to the states stands at 41%.
9. As per the Budget 2021-22, what is the estimated Fiscal Deficit for the current financial year?
[A] 9.5%
[B] 7.0%
[C] 4.0%
[D] 2.0%
Show Answer
Correct Answer: A [9.5%]
Notes:
As per the latest Budget presented by the Union Finance Minister, the Fiscal Deficit of our economy is estimated at 9.5% of GDP for the current financial year. The same is expected to be at 6.8% of GDP for FY 2021-22.
The budget estimate of expenditure for next FY (2021-22) is Rs.34.83 lakh crore.
10. Which country has announced that it will formally apply for the trans-Pacific trade association, CPTPP?
[A] United States
[B] United Kingdom
[C] Russia
[D] Italy
Show Answer
Correct Answer: B [United Kingdom]
Notes:
The United Kingdom has recently announced that it will formally apply to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
CPTPP is a trans-Pacific trading association which removes most tariffs between 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
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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