Latest Current Affairs Online Quiz in 2020, Daily Current Affairs in 2020, Today Current Affairs

1 .

As per the recent notification of the Reserve Bank of India, what is the limit for Urban cooperative banks (UCBs), to lend to a single borrower?

A)

30% of tier-I capital

B)

25% of tier-I capital

C)

20% of tier-I capital

D)

15% of tier-I capital

Correct Answer : 15% of tier-I capital

The Reserve Bank of India (RBI) the single borrower and group exposure limit for Urban cooperative banks (UCBs) to 15% and 25% of tier I capital, respectively.

This reduction in limit is to mitigate concentration risks arising out of large loans. Existing norms allowed 15% for single borrowers and 40% to group exposures of a bank’s total capital (tier I and tier II capital). The banks will have to bring their existing exposures to the new limits by 31 March 2023.

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2 .

The Reserve Bank of India issued guidelines for implementation of Ind AS by Non-banking financial companies (NBFCs) and Asset reconstruction companies (ARCs). What does Ind AS stand for?

A)

Indian Asset Standards

B)

International Asset Standards

C)

Indian Accounting Standards

D)

International Accounting Standards

Correct Answer : Indian Accounting Standards

The Reserve Bank on Friday issued regulatory guidelines for implementation of Indian Accounting Standards (Ind AS) by Non-banking financial companies (NBFCs) and Asset reconstruction companies (ARCs) when they prepare their financial results from FY20.

Indian Accounting Standards is the Accounting standard adopted by companies in India and they are issued under the supervision of Accounting Standards Board (ASB). The Ind AS have been formulated to converge our standards with International Financial Reporting Standards (IFRS)

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3 .

The Government has declared face masks and hand sanitizers as essential commodities by placing them under which act?

A)

The Epidemic Act 1897

B)

The Consumer Protection Act, 2019

C)

The Essential Commodities Act 1955

D)

Bureau of Indian Standards Act, 2016

Correct Answer : The Essential Commodities Act 1955

Union Consumer Affairs Ministry announced that the government has declared face masks and hand sanitizers as essential commodities up to June 30, 2020, by amending the schedule of the Essential Commodities Act 1955.

This decision will enable the government and States/Union Territories to regulate the production, quality and distribution of masks and hand sanitizers. Hence these commodities would be made available to all common citizens in affordable prices without hoarding and black-marketing.

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4 .

Union Cabinet approved the RoDTEP scheme, which is set to replace MEIS (Merchandise Export Incentive Scheme). What does R stand for, in the new RoDTEP scheme?

A)

Remission

B)

Reception

C)

Remuneration

D)

Reduction

Correct Answer : Remission

The Union Cabinet approved the Remission of Duties or Taxes on Export Products (RoDTEP). It is a scheme for exporters to reimburse taxes and duties paid, like value added tax, coal cess and electricity duties which are not exempted or refunded under existing mechanism.

Last year, the RoDTEP scheme was announced by the Finance Minister Nirmala Sitharaman at an estimated cost of Rs 50,000 crore, to incentivise exporters. It will replace the Merchandise Export from India Scheme (MEIS) which will be phased out.

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5 .

Recruitment in railways, banks and lower levels of Central government is to be done through Common Eligibility Test from which year?

A)

2020

B)

2021

C)

2022

D)

2023

Correct Answer : 2021

Recruitment in railways, banks and lower levels of Central government to be done through Common Eligibility Test (CET) from 2021, National Recruitment Agency (NRA) to conduct this online test.

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6 .

Who received the first prize on road safety reporting by New Delhi-based Centre for Media Studies (CMS)?

A)

Rohini Mohan

B)

Prachi Salve

C)

Pradeep Dwivedi

D)

Both B and C

Correct Answer : Both B and C

Prachi Salve of India Spend and Pradeep Dwivedi of Dainik Jagran jointly awarded first prize on road safety reporting by New Delhi-based Centre for Media Studies (CMS).

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7 .

Which state Government has ordered poultry culling due to coronavirus?

A)

Kerala

B)

Karnataka

C)

Tamil Nadu

D)

Gujarat

Correct Answer : Kerala

On March 14, 2020, the Kerala Government ordered poultry culling. Parappanagadi has been identified as the Epicenter of bird flu. The Government of Kerala is to cull poultry within one-kilometer radius.

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8 .

The Minister of State (I/C) for Shipping and Chemical & Fertilizers Shri Mansukh Mandaviya is to inaugurate the ROPAX Ferry Vessel and its Terminal at Mandwa. It is in which state?

A)

Gujarat

B)

Rajasthan

C)

Maharashtra

D)

Madhya Pradesh

Correct Answer : Maharashtra

The Minister of State (I/C) for Shipping and Chemical & Fertilizers Shri Mansukh Mandaviya is to inaugurate the ROPAX Ferry Vessel and its Terminal at Mandwa in Maharashtra on 15 March. Mandwa Port is an important passenger port on the coast of Maharashtra. Around 15 lakhs passengers commute annually by catamarans and launch from Gateway of India to Mandwa and then to Alibaug and other places in Raigad district.

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9 .

The US Congress approved a resolution to restrain President Donald Trump from attacking which country?

A)

Iraq

B)

Iran

C)

Libya

D)

Sudan

Correct Answer : Iran

The US Congress approved a resolution to restrain the US President Donald Trump from attacking Iran. The House of Representatives joined the Senate in support of the resolution.

As per the resolution, no military action shall be taken against Iran without an explicit vote from the Congress. Earlier, a rocket fired on a military base north of Baghdad killed an American soldier, a British soldier and a US contractor. In January 2020, Trump ordered a drone strike that killed Iran’s military general, Qassem Soleimani, at the Baghdad airport of Iraq.

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10 .

Which Indian institution is to infuse Rs.7250 Cr into Yes Bank as per the reconstruction plan of the Reserve Bank of India?

A)

LIC Ltd

B)

HDFC Ltd

C)

ICICI Ltd

D)

State Bank of India

Correct Answer : State Bank of India

The Reserve Bank of India drafted a reconstruction plan of Yes Bank recently. As per the plan, the investor bank shall buy 49% stake in Yes Bank.

Recently, the State Bank of India announced that the executive committee of its central board approved for purchase of 725 Crore shares in YES Bank at a price of Rs 10 per share subject to all regulatory approvals. The shareholding of SBI will remain within 49 per cent of the paid-up capital of YES Bank

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January to March Current Affairs - 2020