Current Affairs Quiz: May 11 and 12 , 2020

1. Recently India launched which mission to assist island nations in Eastern Indian Ocean?
   A)Shalimar
   B)Sagarmatha
   C)Agni
   D)Sagar
   
   
   

   
   Option D
   Explanation: India launched Mission Sagar as part of the government’s outreach initiative towards five Island nations in the Indian Ocean amidst the ongoing COVID-19 pandemic.

   
   
2. Which state government has set up a high-level committee headed by former Reserve Bank of India governor C Rangarajan to examine fiscal challenges facing the state?
   A)Telangana
   B)Bihar
   C)TamilNadu
   D)Maharashtra
   
   
   

   
   Option C
   Explanation: The Tamil Nadu government set up a high-level committee headed by former Reserve Bank of India governor C Rangarajan to examine fiscal challenges facing the state owing to the COVID-19 pandemic and suggest the way forward to improve its fiscal position.

   
   
3. Which organisation in collaboration with UN postal agency have released a commemorative postage stamp on the 40th anniversary of the eradication of smallpox?
   A)WHO
   B)ILO
   C)UNICEF
   D)UNESCO
   
   
   

   
   Option A
   Explanation: The WHO and the UN’s postal agency have released a commemorative postage stamp on the 40th anniversary of the eradication of smallpox, with the head of the global health body expressing gratitude to a top Indian-origin UN official.

   
   
4. Which Bank has launched special FD scheme “ Wecare Deposit” for senior citizens?
   A)SBI
   B)IDBI
   C)PNB
   D)BOB
   
   
   

   
   Option A
   Explanation: The State Bank of India (SBI) introduced a new scheme for senior citizens called “SBI Wecare Deposit” for senior citizens in its retail term deposit segment. The scheme aims at safeguarding the interest of senior citizens in fixed deposits amid falling rate of return.

   
   
5. Recently Central Board of Direct Taxes has amended which rule of Income-tax Rules, 1962 for making an application to invoke the mutual agreement procedure in Form no. 34F?
   A)44G
   B)34A
   C)52D
   D)42H
   
   
   

   
   Option A
   Explanation: Central Board of Direct Taxes has amended Rule 44G of Income-tax Rules, 1962 for making an application to invoke the mutual agreement procedure in Form no. 34F.

   
   
6. The Government hiked market borrowing limit to how much amount for FY21?
   A)₹20 lakh cr
   B)₹15 lakh cr
   C)₹10 lakh cr
   D)₹12 lakh cr
   
   
   

   
   Option D
   Explanation: The government increased its market borrowing estimate by staggering Rs 4.2 lakh crore to Rs 12 lakh crore for the current fiscal to deal with the expected shortfall in revenue due to the impact of COVID-19 crisis on the economy.

   
   
7. How much amount has been disbursed to 9.13 crore farmers under the PM-KISAN scheme during the ongoing nationwide lockdown?
   A)₹15764 cr
   B)₹20786 cr
   C)₹17689 cr
   D)₹18253 cr
   
   
   

   
   Option D
   Explanation: Finance Minister Nirmala Sitharaman said that ₹18,253 crore has been disbursed to 9.13 crore farmers under the PM-KISAN scheme during the ongoing nationwide lockdown.

   
   
8. Recently how many exchanges were launched by Nirmala Sitharaman to take on offshore currency market?
   A)5
   B)4
   C)3
   D)2
   
   
   

   
   Option D
   Explanation: India is taking its first baby steps to tackle a growing offshore market for its currency. Two exchanges, India International Exchange (IFSC) and NSE IFSC began trading foreign-exchange settled rupee derivatives, part of a push to bring the market back home.

   
   
9. As per Nomura and Goldman Sachs, Indian economy may contract by how much percent in FY21?
   A)0.4%
   B)0.5%
   C)0.6%
   D)0.7%
   
   
   

   
   Option A
   Explanation: Two foreign brokerages predicted a contraction of 0.4 per cent of India’s GDP in the current financial year due to the impact of the COVID-19 pandemic.

   
   
10. Recently which startup has launched an antimicrobial and washable face mask that can be reused up to 50 launderings?
    A)Thomas Pharma Limited
    B)Myrid Labs
    C)Mysus
    D)Nanosafe Solution
    
    
    

    
    Option D
    Explanation: With increasing demand for face masks to contain transmission of coronavirus, an IIT-Delhi startup named ‘Nanosafe Solutions’ has launched an antimicrobial and washable face mask that can be reused up to 50 launderings.

    
    
11. Whose term as president of International Hockey Federation (FIH) has been extended president of International Hockey Federation (FIH) has been extended till May 2021?
    A)Narindar Batra
    B)Thomas Bach
    C)Sebastian Vettel
    D)Mukesh Ranjan
    
    
    

    
    Option A
    Explanation: Narinder Batra will remain President of the International Hockey Federation (FIH) until May 2021.

    
    
12. Which Indian Institute has been ranked among the Top 50 global schools, for the second year in succession, in the Financial Times Executive Education 2020 Rankings?
    A)IIM Trichi
    B)IIM Ahmedabad
    C)IIM Lucknow
    D)IIM Bangalore
    
    
    

    
    Option D
    Explanation: Indian Institute of Management Bangalore (IIMB) said it has been ranked among the Top 50 global schools, for the second year in succession, in the Financial Times Executive Education 2020 Rankings.

    
    
13. Which Airport was voted by customers as the best regional airport in India & Central Asia for the third time in four years at the 2020 World Airport Awards?
    A)Kempegowda International Airport
    B)Chaudhari Charan Singh Airport
    C)Guru Ghasi Das Airport
    D)Indira Gandhi International Airport
    
    
    

    
    Option A
    Explanation: Bangaluru’s Kempegowda International Airport was voted by customers as the best regional airport in India & Central Asia for the third time in four years at the 2020 World Airport Awards.

    
    
14. Recently Hari Shankar Vasudevan passed away.He was related to which field?
    A)Actor
    B)Politics
    C)Historian
    D)Author
    
    
    

    
    Option C
    Explanation: Eminent historian Hari Shankar Vasudevan died at a private hospital. He was 68.

    
    
15. Recently who passed away considered as Matka King?
    A)Ram Ahirwar
    B)Bhuvan Singh
    C)Mukesh Chaturvedi
    D)Ratan Khatri
    
    
    

    
    Option D
    Explanation: Ratan Khatri, considered by many as among the pioneers of betting in India, has died at his home in Navjeevan Society in Mumbai Central area. He was 88.

    
    
16. Recently Juvvadi Ratnakar Rao passed away.He was related to which field?
    A)Actor
    B)Politics
    C)Author
    D)Sports
    
    
    

    
    Option B
    Explanation: Congress veteran and former minister Juvvadi Ratnakar Rao passed away at a hospital in Karimnagar district of Telangana on due to age-related illness. He was 92

    
    
STATIC GK BASED ON CURRENT AFFAIRS
17. Where is the HQ of World Health Organisation?
    A)Geneva
    B)Rome
    C)Paris
    D)NewYork
    
    
    

    
    Option A
    

    
    
18. Where is the HQ of Goldman Sachs?
    A)Rome
    B)NewYork
    C)Paris
    D)London
    
    
    

    
    Option B
    

    
    
19. Where is the HQ of International Hockey Federation?
    A)Singapore
    B)Thailand
    C)China
    D)Switzerland
    
    
    

    
    Option D