Current Affairs Quiz – 04 April 2019

Current Affairs Quiz 04 April 2019: Based on the Current Affairs and Important News of 04 April 2019 we have framed important current affairs questions for banking and competitive exams. These current affairs quiz questions will be helpful for upcoming competitive exams. Give our online current affairs test every day to be prepared for all exams. We try to prepare the best and most expected current affairs questions with answers. Attempt our daily current affairs quiz on our mobile app too.

1. Which country has conferred its highest civilian honour, Zayed Medal, on Indian Prime Minister Narendra Modi?
   A) Ukraine
   B) Bolivia
   C) UAE
   D) Austria
   
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   Option C
   Explanation: Prime Minister Narendra Modi has been honored with the prestigious Zayed Medal by the United Arab Emirates(UAE) on April 4, 2019 for his contribution in boosting bilateral strategic ties between the two countries.
2. What is the current Repo Rate?
   A) 6.75%
   B) 6.25%
   C) 6.50%
   D) 6.00%
   
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   Option D
   Explanation: The Reserve Bank of India in its First Bi-monthly Monetary Policy Statement, 2019-20 has reduced the Repo Rate by 25 basis points to 6.0 per cent from 6.25 per cent. 
3. What is the deadline set by SEBI for implementing UPI as an alternative payment mechanism for retail IPO investors?
   A) June 30
   B) April 30
   C) May 31
   D) July 31
   
   View answer

   Option A
   Explanation: Securities and Exchange Board of India (SEBI) has extended the deadline for implementation of the first phase of Unified Payments Interface (UPI) as an alternative payment mechanism for retail investors buying shares in a public issue to June 30, 2019 from March 31, 2019.
4. What is the total number of APAs entered into by the CBDT in the financial year 2018-19?
   A) 18
   B) 52
   C) 30
   D) 46
   
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   Option B
   Explanation: As per the latest data of the Central Board of Direct Taxes (CBDT), it has entered into 18 Advance Pricing Agreements (APAs) in the month of March 2019, which includes 3 Bilateral APAs (BAPAs). Total number of APAs entered into by the CBDT in the year 2018-19 is 52. It includes 11 BAPAs. The overall number of APAs entered into by the CBDT till date stands at 271, of which 31 are BAPAs. 
5. Which among the following  grades has been given by Fitch towards India’s sovereign rating?
   A) BBB+
   B) BB+
   C) BBB-
   D) BB-
   
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   Option C
   Explanation: Rating agency Fitch has retained India’s sovereign rating at ‘BBB-‘ with stable outlook. BBB- is the lowest investment grade. This is the 13th year in a row that global rating agency Fitch has rated India at ‘BBB-‘.
6. The biggest-ever military exercise named “Exercise – Western Shield” will be conducted by which country?
   A) Malaysia
   B) Nepal
   C) India
   D) Sri Lanka
   
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   Option D
   Explanation: The Army of Sri Lanka has informed that it will conduct “Exercise – Western Shield” starting from July 01, 2019 with the participation of over 5,000 soldiers. 
7. When is the International Day for Mine Awareness and Assistance in Mine Action observed?
   A) First Wednesday of April
   B) April 4
   C) First Thursday of April
   D) April 3
   
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   Option B
   Explanation: The United Nations’ International Day for Mine Awareness and Assistance in Mine Action is celebrated on April 4 each year. 2019 Theme – “United Nations Promotes SDGs – Safe Ground – Safe Home”
8. The Indian economy is expected to grow at ________ percent in 2019-20 as per the latest estimates of Fitch
   A) 6.8%
   B) 7%
   C) 7.2%
   D) 6.9%
   
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   Option A
   Explanation: GDP growth rate for India as per Fitch in FY20 is 6.8% and for that in FY21 is 7.1%.
9. What is the full form of APA in banking?
   A) Authorized Pricing Act
   B) Appropriate Pricing Arrangement
   C) Additional Pricing Authentication
   D) Advance Pricing Agreement
   
   View answer

   Option D
   Explanation: Advance Pricing Agreements (APAs)
10. What will be the growth rate of Indian economy in 2019-20 as per the estimates of Reserve Bank of India?
    A) 7.5%
    B) 7%
    C) 7.2%
    D) 7.3%
    
    View answer

    Option C
    Explanation: RBI has revised the GDP growth rate for 2019-20 at 7.2 per cent.

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Tags: April 2019; Questions based on daily Current Affairs; Current Affairs Multiple Choice Quiz; Current Affairs Questions and Answers