Current Affairs Quiz – 20 December 2018

Current Affairs Quiz 20 December 2018

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  1. The Assam government has launched a credit subsidy scheme AFCSS for the farmers under which it will reimburse ________ percent of the loan amount taken by the farmers from the bank
    A) 25%

    B) 75%
    C) 100%
    D) 50%
    View answer
    Option A
    Explanation:
    Under the Assam Farmers’ Credit Subsidy Scheme (AFCSS), the state government would reimburse 25 percent of the loan amount taken by the farmers from banks, irrespective of whatever amount of loan they took and whatever amount they repaid. The scheme would benefit 2.62 lakh families of farmers and cover about Rs 500 crore.
  2. Which among the following Indian state has been brought under President’s Rule with effect from 20 December 2018?
    A) Arunachal Pradesh

    B) Goa
    C) Jammu & Kashmir
    D) Nagaland
    View answer
    Option C
    Explanation: 
    President’s rule has been imposed in Jammu and Kashmir on December 20, 2018 after the six-month governor’s rule came to an end on December 19, 2018. Governor’s rule was imposed in the Jammu and Kashmir on June 20, 2018 after BJP withdrew its support from the PDP-BJP ruling coalition. Jammu and Kashmir has a separate Constitution according to which six months of Governor’s rule is compulsory under Article 92 before President’s rule. 
  3. When is the International Human Solidarity Day observed?
    A) December 18

    B) December 20
    C) December 19
    D) December 17
    View answer
    Option B
  4. The European Union (EU) has planned to cut down the carbon dioxide emission by 37.5 percent from the new cars by which year?
    A) 2030

    B) 2021
    C) 2025
    D) 2023
    View answer
    Option A
    Explanation: 
    The European Union (EU) has announced its plans to slash carbon dioxide emissions from new cars and vans by 2030.
  5. Name the mobile app launched by the Ministry of Civil Aviation for the Global Aviation Summit 2019
    A) AIR 2019
    B) GAS 2019
    C) MCA 2019
    D) AAI 2019
    View answer
    Option B
    Explanation: 
    The civil aviation ministry along with the Airports Authority of India (AAI) has launched an official mobile app for the global aviation summit 2019 named GAS 2019. The Global Aviation Summit 2019 will be held on January 15-16 2019 in Mumbai.
  6. Indian player Anup Kumar announced his retirement recently. He is related to which sports?
    A) Golf

    B) Cricket
    C) Hockey
    D) Kabbadi
    View answer
    Option D
    Explanation: 
    India’s former World Cup winning captain Anup Kumar has announced his retirement from Kabaddi. He was part of the Indian national Kabbadi team that won gold medals in the year 2010 and 2014. 
  7. Name the Indian state which has recently got India largest cancer hospital named the National Cancer Institute (NCI)
    A) Jharkhand

    B) Himachal Pradesh
    C) Haryana
    D) Jammu & Kashmir
    View answer
    Option C
    Explanation: 
    India largest cancer hospital, the National Cancer Institute (NCI) has been opened for public service in Jhajjar, Haryana on December 18, 2018. However the formal inauguration of the hospital will be held in January 2019. 
  8. How many countries has voted unanimously in favor to adopt the UN Global Compact for Safe, Orderly and Regular Migration?
    A) 196

    B) 181
    C) 198
    D) 186
    View answer
    Option B
    Explanation: 
    The U.N. General Assembly has unanimously adopted the Global Compact for Safe, Orderly and Regular Migration, first-ever global cooperation framework to strengthen the international response to the global refugee crisis. The United States and Hungary were the only two nations that voted against the Global Compact on Refugees, while 181 countries voted in favor including India. The Dominican Republic, Eritrea and Libya abstained
  9. The Union Minister Shri Nitin Gadkari recently visited Arunachal Pradesh to launch several projects worth approx__________
    A) Rs 6500 crore

    B) Rs 7511 crore
    C) Rs 8522 crore
    D) Rs 9533 crore
    View answer
    Option D
    Explanation: 
    The Union Minister for Road Transport & Highways, Nitin Gadkari, inaugurated and laid the foundation stone for several national highway projects worth Rs 9533 crore in Arunachal Pradesh on 20 December 2018. 
  10. RBI has set a limit on the stock of the External Commercial Borrowings (ECB) at _________ percent of the GDP
    A) 7.5%

    B) 5.5%
    C) 6.5%
    D) 8.5%
    View answer
    Option C
    Explanation: 
    The Reserve Bank of India has announced to have a rule-based dynamic limit for outstanding stock of External Commercial Borrowings (ECB) at 6.5 per cent of GDP at current market prices. Based on the GDP figures as on March 31, 2018, the soft limit works out to USD 160 billion for the current financial year. 
  11. Which state has emerged as the Best Performer in the first ever States’ Start-up Ranking 2018 released by the DIPP?
    A) Gujarat

    B) Haryana
    C) Maharashtra
    D) Himachal Pradesh
    View answer
    Option A
    Explanation: 
    The Department of Industrial Policy and Promotion (DIPP) on December 20 announced the results of the first ever States’ Start-up Ranking 2018 in New Delhi. Based on the National Report, Gujarat has emerged as the best performing state.
  12. The state government of Rajasthan has announced a loan waiver scheme for the state farmers as per which _______ percent of the short term crop loan from cooperative banks will be waived
    A) 75%
    B) 100%
    C) 25%
    D) 50%
    View answer
    Option B
    Explanation: 
    Rajasthan chief minister Ashok Gehlot has announced a loan waiver scheme for the state, clearing short-term loans of up to Rs 2 lakh from cooperative and nationalised banks. The move will lead to a burden of Rs 18,000 crore on the state. Entire short-term crop loan from cooperative banks will be waived. Along with this, farm loan of up to Rs 2 lakh from nationalised and other banks will also be waived as on November 30, 2018  
  13. Changing India is a book written by______________
    A) Manmohan Singh

    B) Shashi Tharoor
    C) Narendra Modi
    D) Venkaiah Naidu
    View answer
    Option A
    Explanation: 
    India’s former prime minister, Dr Manmohan Singh, launched his book titled “Changing India” on December 18, 2018 during a press conference in New Delhi. ‘Changing India’ is a five volumes collection of his speeches and writings since 1956 and is published by Oxford University Press. 
  14. Under the Assam Farmers’ Interest Relief Scheme (AFIRS),  the Assam government and the Central government will share the 7 percent interest against farm loan in the ratio ______ respectively
    A) 2:5

    B) 3:4
    C) 4:3
    D) 5:2
    View answer
    Option C
    Explanation: 
    Assam Farmers’ Interest Relief Scheme (AFIRS): Currently three percent of the seven percent interest against farm loan is paid by the Central government and the remaining four per cent is required to be paid by farmers. To give relief to farmers, the state government has decided to pay the remaining four per cent loan. The scheme will cover around 11 lakh farmers and cost around Rs 200 crore. 
  15. As per the notification of RBI regarding the limit on ECB, the amount that can be borrowed in financial year 2018-19 stands at_____________
    A) USD 150 billion
    B) USD 120 billion
    C) USD 100 billion
    D) USD 160 billion
    View answer
    Option D
    Explanation: 
    Based on the GDP figures as on March 31, 2018, the soft limit works out to USD 160 billion for the current financial year. 

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