Current Affairs Quiz: April 2, 2020

1. The Government has extended the benefit of two per cent Interest Subvention to Banks and three per cent Prompt Repayment Incentive to all farmers till which date?
   A)May 31
   B)June 30
   C)April 30
   D)July 30
   
   
   

   
   Option A
   Explanation: In the wake of national lockdown due to Covid-19, the Government has extended the benefit of two per cent Interest Subvention to Banks and three per cent Prompt Repayment Incentive to all farmers upto 31st of May this year.

   
   
2. Which ministry launched Stranded in India’ portal to help foreign tourists stuck in India?
   A)Ministry of Finance
   B)Ministry of Home Affairs
   C)Ministry of Defence
   D)Ministry of Tourism
   
   
   

   
   Option D
   Explanation: The Ministry of Tourism has launched a portal ‘Stranded in India’ to help foreign tourists who are stuck in various parts of the country.

   
   
3. Which state government launched Active Case Finding Campaign for COVID 19 patients?
   A)Uttarakhand
   B)Himachal Pradesh
   C)Uttar Pradesh
   D)Bihar
   
   
   

   
   Option B
   Explanation: Himachal Pradesh government launched Active Case Finding Campaign for COVID 19 patients. Under this campaign, health workers would provide information regarding symptoms of Covid-19 to the people at their doorsteps.

   
   
4. Recently in which state “Modi Kitchen” started its operations?
   A)Odisha
   B)TamilNadu
   C)Maharashtra
   D)Karnataka
   
   
   

   
   Option B
   Explanation: Modi Kitchen’ with a capacity to serve 500 meals every day has started functioning in Kovai (Coimbatore). The kitchen, based near Cross Cut road, one of the main shopping areas of the city, has made arrangements to deliver food parcels within a radius of 10 kms too.

   
   
5. Recently India Post extended its ‘Post Office on Wheels’ services in which state?
   A)Karnataka
   B)Maharashtra
   C)Uttar Pradesh
   D)WestBengal
   
   
   

   
   Option C
   Explanation: The India Post extended its ‘Post Office on Wheels’ services in UP’s Agra and Bareilly in order to ensure seamless delivery of posts and services to the citizens during the coronavirus lockdown.

   
   
6. How much amount of package was called by UN for developing countries amid Coronavirus?
   A)$2.8 trillion
   B)$5.0 trillion
   C)$1.5 trillion
   D)$2.5 trillion
   
   
   

   
   Option D
   Explanation: With two-thirds of the world’s population living in developing countries (excluding China) facing unprecedented economic damage from the COVID-19 crisis, the United Nations is calling for a 2.5 trillion dollars package for these countries to turn expressions of international solidarity into meaningful global action.

   
   
7. which application joined hands with ICICI Lombard for COVID-19 cover for shopkeepers?
   A)Bhim
   B)PhonePe
   C)Google Pay
   D)BharatPe
   
   
   

   
   Option D
   Explanation: BharatPe, a digital transactions interface for merchants, and general insurer ICICI Lombard have joined hands for a low cost COVID-19 insurance cover for shopkeepers acrossIndia.

   
   
8. The Reserve Bank of India (RBI) hiked the limit for foreign portfolio investors’ (FPI) investment in corporate bonds to how much percent of outstanding stock for FY2020-21?
   A)9%
   B)12%
   C)10%
   D)15%
   
   
   

   
   Option D
   Explanation: The Reserve Bank of India (RBI) hiked the limit for foreign portfolio investors’ (FPI) investment in corporate bonds to 15 per cent of outstanding stock for FY2020-21.

   
   
9. Which body has signed an agreement to lend up to $60 million to Aavas Financiers Ltd , a housing finance company in India, to improve access to housing finance for lower-income borrowers, particularly women?
   A)IMF
   B)ADB
   C)AIIB
   D)World Bank
   
   
   

   
   Option B
   Explanation: The Asian Development Bank (ADB) has signed an agreement to lend up to $60 million to Aavas Financiers Ltd , a housing finance company in India, to improve access to housing finance for lower-income borrowers, particularly women.

   
   
10. S&P Global Ratings has slashed India’s growth forecast to how much percent for FY21?
    A)2.0%
    B)3.3%
    C)3.5%
    D)3.1%
    
    
    

    
    Option C
    Explanation: S&P Global Ratings has further slashed India’s growth forecast to 3.5% for the coming fiscal from a previous downgrade to 5.2% as it expects the damages to the economy from the covid-19 pandemic for the Asia-Pacific region to be as severe as the one during the Asian financial crisis of 1997-98.

    
    
11. Recently Tata Power JV commenced commercial operations of 178 MW Shuakhevi HPP in which country?
    A)Georgia
    B)China
    C)Ukraine
    D)Spain
    
    
    

    
    Option A
    Explanation: Adjaristsqali Georgia LLC, a Joint Venture between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC) has announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia. Further, AGL will be soon commissioning the 9 MW Skhalta Hydro Power project which is also a component of the overall Shuakhevi Project scheme.

    
    
12. Recently Arjun Dev passes away.He was related to which field?
    A)Author
    B)historian
    C)Actor
    D)Photography
    
    
    

    
    Option B
    Explanation: Professor Arjun Dev, the legendary educationist and historian, a kind, gentle and generous but extremely brave man, passed away in Noida.

    
    
13. Recently Andrew Jack passed away.He was related to which field?
    A)Journalism
    B)Sports
    C)Actor
    D)Author
    
    
    

    
    Option C
    Explanation: Star Wars’ actor Andrew Jack has died from COVID-19 related health complications. He was 76.

    
    
STATIC GK BASED ON CURRENT AFFAIRS
14. Where is the HQ of India Post Payments Bank?
    A)NewDelhi
    B)Mumbai
    C)Kolkata
    D)Chennai
    
    
    

    
    Option A
    

    
    
15. Where is the HQ of S&P Global?
    A)Paris
    B)NewYork
    C)Rome
    D)London
    
    
    

    
    Option B