Current Affairs Quiz - October, 2020
31. Which country has recently banned China’s Huawei and ZTE in its 5G network?
[A] USA
[B] India
[C] Sweden
[D] Denmark
Show Answer
Correct Answer: C [Sweden]
Notes:
The use of telecom equipment from China’s Huawei and ZTE for 5G network has been banned by Sweden on security grounds. This announcement comes ahead of the spectrum auction scheduled for next month in the country.
The decision has been made in accordance to the advice rendered by the country’s armed forces which has described China as a biggest security threat to Sweden.
32. Which regulatory body has recently introduced framework for regulatory sandbox?
[A] RBI
[B] NABARD
[C] SEBI
[D] IFSCA
Show Answer
Correct Answer: D [IFSCA]
Notes:
A framework for regulatory sandbox has been introduced by International Financial Services Centres Authority (IFSCA).
Under this sandbox framework, companies operating in the capital market, banking, insurance and financial services can test their Fin Tech solutions in a live environment. The IFSCA was established on 27th April 2020 with head office in Gandhinagar.
33. Which country recorded highest air pollution exposure globally in 2019, as per the State of Global Air 2020 report?
[A] China
[B] United States
[C] India
[D] Singapore
Show Answer
Correct Answer: C [India]
Notes:
The State of Global Air 2020 (SOGA 2020) report was released by US-based Health Effects Institute and Global Burden of Disease (GBD).
As per the report, India recorded the highest annual average PM 2.5 concentration exposure in the world last year. People in India are exposed to the highest PM 2.5 concentrations globally and the country has been recording an increase in PM 2.5 pollution since 2010.
34. Which organisation announced that the global trade would contract by 7 to 9 per cent in 2019?
[A] World Bank
[B] World Trade Organisation
[C] UNCTAD
[D] World Tourism Organisation
Show Answer
Correct Answer: C [UNCTAD]
Notes:
The UN trade and development body, UNCTAD has revealed that the export growth declined in India in the third quarter of 2020 relative to the same quarter last year.
However, in September the export growth rose by four per cent. UNCTAD also estimates that the value of global trade to contract by 7 per cent to 9 per cent with respect to 2019.
35. What is the name of the third-generation Anti-Tank Guided Missile (ATGM), which was successfully tested in Pokhran?
[A] Nag
[B] Param
[C] Veer
[D] Arya
Show Answer
Correct Answer: A [Nag]
Notes:
The third-generation Anti-Tank Guided Missile (ATGM), Nag, was successfully tested in Pokhran range in Thar desert, Rajasthan.
The missile would enter the production phase and then will be inducted into the Indian army. It will be produced by Bharat Dynamics Limited (BDL), a Defence PSU. Ordnance Factory, Medak, will produce the NAMICA (Nag Missile Carrier).
36. What is the minimum Net Owned Fund (NOF) size for housing finance companies, as per the recent notification of the RBI?
[A] Rs 10 crore
[B] Rs 25 crore
[C] Rs 50 crore
[D] Rs 100 crore
Show Answer
Correct Answer: B [Rs 25 crore]
Notes:
The Reserve Bank of India (RBI) has fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore.
As per the RBI notification, the housing finance companies (HFCs) that hold a Certificate of Registration (CoR) and having an NOF of less than Rs 25 crore will be required to achieve NOF of Rs 15 crore by March 31, 2022 and Rs 25 crore by March 31, 2023.
37. What is the minimum Net Owned Fund (NOF) size for housing finance companies, as per the recent notification of the RBI?
[A] Rs 10 crore
[B] Rs 25 crore
[C] Rs 50 crore
[D] Rs 100 crore
Show Answer
Correct Answer: B [Rs 25 crore]
Notes:
The Reserve Bank of India (RBI) has fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore.
As per the RBI notification, the housing finance companies (HFCs) that hold a Certificate of Registration (CoR) and having an NOF of less than Rs 25 crore will be required to achieve NOF of Rs 15 crore by March 31, 2022 and Rs 25 crore by March 31, 2023.
38. What is the name of the vaccine candidate that is being developed by Bharat Biotech?
[A] CovD
[B] DCov
[C] Covaxin
[D] CovidD
Show Answer
Correct Answer: C [Covaxin]
Notes:
The Coronavirus vaccine being developed by Bharat Biotech named Covaxin has been recently cleared for third phase of clinical trials.
The vaccine is being developed in collaboration with Indian Council of Medical Research (ICMR). The approval for phase 3 trials has been given by Drugs Controller General of India (DCGI).
39. Britain has signed its first bilateral trade agreement with which country, after Brexit?
[A] India
[B] USA
[C] Japan
[D] UAE
Show Answer
Correct Answer: C [Japan]
Notes:
Britain has signed a free trade agreement with Japan recently. This is Britain’s first bilateral deal with another nation post Brexit.
As per the deal close to 99% of Britain’s exports to Japan would be tariff free. It is expected to increase trade between the two countries by 15.2 billion pounds.
40. Indian origin Wavel Ramkalawan has been elected as the President of which country?
[A] Pakistan
[B] Sri Lanka
[C] Indonesia
[D] Seychelles
Show Answer
Correct Answer: D [Seychelles]
Notes:
Indian Origin Wavel Ramkalawan, has been recently elected as the President of Seychelles.
He belongs to the opposition party and it is the first time since 1977 that a person from opposition is assuming the office of President. Ramkalawan, a former Anglican Priest, defeated incumbent Danny Faure after three decades of unsuccessful runs for the Presidency.
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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