Current Affairs Quiz - May, 2021
11. T Rabi Sankar, who was seen in the news has been appointed as ……………?
[A] Chairman of SEBI
[B] CEO of NITI Aayog
[C] Deputy Governor of RBI
[D] Chief of Army Staff
Show Answer
Correct Answer: C [Deputy Governor of RBI]
Notes:
T.Rabi Shankar has been appointed as the new Deputy Governor of Reserve Bank of India (RBI). He succeeds B P Kanungo, whose term ended on 2nd April 2021.
Presently, Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao are the three Dy. Governors and Rabi Shankar joined them as the fourth.
12. As per the recent RBI Guidelines, lending by Small Finance Banks (SFBs) to which institutions are considered as Priority Sector Lending?
[A] Regional Rural Banks
[B] Cooperative Banks
[C] Micro-Finance Institutions
[D] Payment Banks
Show Answer
Correct Answer: C [Micro-Finance Institutions]
Notes:
The RBI Governor announced certain measures to address the liquidity challenges posed by the pandemic.
Small Finance Banks are now permitted to lend smaller Micro-Finance Institutions (MFIs) (with asset size of up to ₹500 crore) for on-lending to individual borrowers as Priority sector lending. This facility will be available up to March 31, 2022. At present, this lending process is not considered as PSL.
13. Which institution manages the Overdraft facility availed by the State Government?
[A] Finance Ministry
[B] Reserve Bank of India
[C] Finance Commission
[D] Supreme Court
Show Answer
Correct Answer: B [Reserve Bank of India]
Notes:
The Reserve Bank of India has announced certain relaxations in the terms of the Over Draft Facility availed by the State Governments.
The maximum number of days of OD in a quarter is being increased from 36 to 50 days and the number of consecutive days of OD from 14 to 21 days. This facility will be available up to September 30, 2021.
14. DDoS attack, which was making news recently, is associated with which field?
[A] Defence
[B] Cyber security
[C] Maritime Exercise
[D] Psychology
Show Answer
Correct Answer: B [Cyber security]
Notes:
A Distributed Denial of Service (DDoS) attack is an attempt to make an online service unavailable by overwhelming it with traffic from multiple sources.
A massive DDoS attack affected the websites of over 200 organisations across Belgium, including government, parliament, universities and research institutes. The DDoS attack started on 4 May and targeted Belnet, the government-funded ISP provider for the county’s educational institutions and government services.
15. Which institution has proposed a 5-point agenda for recovery of the Asia Pacific region?
[A] RBI
[B] ADB
[C] IMF
[D] World Bank
Show Answer
Correct Answer: B [ADB]
Notes:
The Asian Development Bank has proposed a 5 Point Agenda, aimed at stronger recovery of the Asia Pacific Region. It was spelt out by the ADB’s president Masatsugu Asakawa.
Ambitious climate actions, addressing inequality, promotion of high-quality green infrastructure, deepening regional cooperation and strengthening of domestic resource mobilization are the 5 major points charted down by ADB.
16. What does U in UDID Project stand for?
[A] Unique
[B] Unnat
[C] Ujawala
[D] Ujala
Show Answer
Correct Answer: A [Unique]
Notes:
UDID stands for “Unique ID” for Persons with Disabilities. It is a project being implemented by the Ministry of Social Justice and Empowerment to create a national level database on disabled persons.
It aims for transparent, efficient and improved delivery of government benefits to PwDs and to create a hierarchy of scheme implementation.
17. Giant wood moth, the heaviest moth in the world, are typically found in which country?
[A] Japan
[B] India
[C] Australia
[D] China
Show Answer
Correct Answer: C [Australia]
Notes:
Giant wood moth is the heaviest moth in the world, with the wingspan of about 23 cm. Their scientific name is ‘Endoxyla cinereus’ and they belong to the family of Cossidae.
The moth is typically found in Australia and New Zealand. A giant moth with a wingspan measuring up to 25cm has been recently found at a Queensland school in Australia. They have an extremely short life cycle with only a few days. They die after mating and laying eggs.
18. What is a ‘TaxiBot’, which was seen in the news recently?
[A] Air Taxi
[B] Water Taxi
[C] Aircraft movement Equipment
[D] Health-care Robot
Show Answer
Correct Answer: C [Aircraft movement Equipment]
Notes:
New Delhi’s Indira Gandhi International airport announced that it has completed 1,000 movements of sustainable taxiing of aircraft with ‘TaxiBot’.
‘TaxiBot’ is a semi-robotic towbar-less aircraft movement equipment developed by the Israel Aerospace Industries. Controlled by the pilot, it can move an aircraft from the terminal gate to the take-off point and return it to the gate after landing. It helps in saving over 500 tonnes of carbon over 2 lakh litres of aviation turbine fuel (ATF).
19. Which institution releases the monthly ‘Food Price Index’?
[A] NITI Aayog
[B] Finance Ministry
[C] FAO
[D] ADB
Show Answer
Correct Answer: C [FAO]
Notes:
The United Nations food agency, the Food and Agriculture Organization releases the Food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar.
In the recent food price index, World food prices increased for an 11th consecutive month in April at 120.9 points. This is also the highest level of the index since May 2014. The rise in the main indices was led by the price rise of Sugar, as per the United Nations food agency.
20. Ivan Duque, is the President of which country, which is witnessing day of violent protests?
[A] Chile
[B] South Africa
[C] Columbia
[D] Australia
Show Answer
Correct Answer: C [Columbia]
Notes:
Colombia is witnessing violent days of protests against a tax reform proposal, made by the government of conservative President Ivan Duque.
The protests have left at least 19 people dead and 846 injured in clashes between the police and demonstrators. The proposal sought to increase the taxes of businesses, remove some exemptions given to individuals and decrease the limit of salaries that would be taxed.
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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