Current Affairs Quiz-September, 2020
11. What is the cap imposed by the government on the incentives under Merchandise Export from India Scheme (MEIS)?
[A] Rs.50 lakh
[B] Rs.1 crore
[C] Rs.2 crores
[D] Rs.5 crores
Show Answer
Correct Answer: C [Rs.2 crores]
Notes:
The Union Government has capped export incentives under Merchandise Export from India Scheme (MEIS), at Rs.2 crore per exporter.
This incentive cap is applicable for exporters who have made outbound from September 1 to December 31, 2020. This has been announced by Directorate General of Foreign Trade (DGFT) though its notification. The DGFT also stated that MEIS scheme would be withdrawn from 1st January 2020.
12. “Wilmington” which has been declared as World War 2 Heritage City, is located in which country?
[A] UK
[B] France
[C] Italy
[D] USA
Show Answer
Correct Answer: D [USA]
Notes:
“Wilmington” in the US state of North Carolina has been declared as the World War 2 Heritage City. It is first of such cities to be announced.
This announcement was made by the US President Donald Trump during a ceremony held to mark the 75th anniversary of the end of World War 2. During the WW2, North Carolina Shipbuilding Company situated in Wilmington built 243 ships in 5 years as a part of the USA’s emergency ship building programme.
13. The President of India has conferred the National Award to how many teachers in a first virtual ceremony?
Show Answer
Correct Answer: C [47]
Notes:
The President of India Ram Nath Kovind has conferred the National Award to teachers on the occasion of Teachers’ Day, which is celebrated on the birth anniversary of Sarvapalli Radhakrishnan.
As many as 47 educators across the country were conferred with the prestigious award for their selfless contribution for promoting education. Around 40 percent of the winners were women and this is the first time the event is held virtually.
14. Which Technology company is set to acquire US-based product design firm, Kaleidoscope Innovation?
[A] Infosys
[B] Amazon
[C] Accenture
[D] Tata Consultancy Services
Show Answer
Correct Answer: A [Infosys]
Notes:
Leading Information Technology company Infosys has entered into an agreement to acquire US-based product design and development firm Kaleidoscope Innovation.
The deal has been finalised at USD 42 million and the acquisition is to ne completed in the second quarter. This deal is expected to strengthen the presence of Infosys in the US markets in the field of medical devices and consumer markets.
15. Which regulating entity has released revised Priority Sector Lending guidelines recently?
[A] Ministry of Finance
[B] SIDBI
[C] RBI
[D] NABARD
Show Answer
Correct Answer: C [RBI]
Notes:
The Reserve Bank of India has released revised guidelines for Priority sector lending (PSL). This has been done to achieve better credit penetration in the country.
The new guidelines have mechanism to enhance flow of credit to credit deficient areas. Also, under the new prevision bank finance to start-ups up to Rs.50 crore can be considered as Priority Sector Advance.
16. Which country has appointed the former Australian Prime Minister Tony Abbott as a Trade advisor?
[A] United States
[B] United Kingdom
[C] India
[D] New Zealand
Show Answer
Correct Answer: B [United Kingdom]
Notes:
United Kingdom has named the Former Australian prime minister Tony Abbott as a trade adviser. He headed Australia from 2013 to 2015.
Along with the 62-year old former Prime Minister, Former member of the European Parliament, is to become Adviser to Britain’s Board of Trade. However, there were allegations that Tony Abbott was not suitable for the job due to his conservative social views.
17. What is the name of the program to be attended by the Prime Minister of India, with Street Vendors from Madhya Pradesh?
[A] SVanidhi Samvaad
[B] SVanidhi Speaks
[C] SVanidhi Ki Baat
[D] SVanidhi Virtual
Show Answer
Correct Answer: A [SVanidhi Samvaad]
Notes:
Prime Minister of India Narendra Modi is set to hold a programme named ‘SVanidhi Samvaad’ with street vendors from Madhya Pradesh.
Madhya Pradesh Chief Minister Shivraj Singh Chauhan will also participate in the program through video conferencing. Prime Minister is to interact with three beneficiaries from the state through virtual mode. 4.5 lakh street vendors of Madhya Pradesh registered in the PM SVANidhi scheme.
18. The final stretch of phase 1 of which Metro service was inaugurated recently?
[A] Kolkata
[B] Kochi
[C] Mumbai
[D] Delhi
Show Answer
Correct Answer: B [Kochi]
Notes:
The Chief Minister of Kerala Pinarayi Vijayan inaugurated the Kochi Metro’s final stretch of the Phase-I covering Thykoodam to Petta which is 3 km long.
The inauguration was made virtually. With this, the phase-1 of Kochi Metro is complete at a cost of Rs.6218 crore. The inaugural function was presided by Hardeep Singh Puri, Union Minister of Housing & Urban Affairs.
19. Which financial institution extended USD 82 million loan for Himachal Pradesh State Roads Transformation Project?
[A] ADB
[B] NDB
[C] World Bank
[D] AIIB
Show Answer
Correct Answer: C [World Bank]
Notes:
A loan agreement for $82 million has been signed between the Government of India, the Government of Himachal Pradesh and the World Bank (International Bank for Reconstruction and Development).
The loan would be used for implementation of Himachal Pradesh State Roads Transformation Project. The world bank loan is given for a term of 15 years including a grace period of 5 years.
20. Which state has launched the scheme named YSR Sampoorna Poshana?
[A] Telangana
[B] Andhra Pradesh
[C] Madhya Pradesh
[D] Odisha
Show Answer
Correct Answer: B [Andhra Pradesh]
Notes:
The Government of Andhra Pradesh has launched a scheme named YSR Sampoorna Poshana.
The scheme will be implemented in Anganwadi centres to provide supplementary nutrition to newborn babies, including pregnant women suffering from anaemia. Under the scheme, hot milk, rice, pulses, vegetables, and eggs would be distributed to pregnant and postpartum women for 25 days a month.
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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