Current Affairs Quiz 01 April 2022: This post contains Questions/Quiz based on the Current Affairs and Important News of 01 April 2022. These questions have been framed keeping in mind the pattern of banking and competitive exams and hence this current affairs quiz will be helpful for upcoming competitive exams. Give our online current affairs test every day to be prepared for all Current Affairs competitive exams
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- Centre has extended the timeline for Emergency Credit Line Guarantee Scheme (ECLGS) by one year till March 2023. What is the total amount sanctioned for the ECLGS 3.0 scheme?
A) Rs 5 lakh crore
B) Rs 3 lakh crore
C) Rs 4 lakh crore
D) Rs 2 lakh crore
View answer
Option A
Explanation:Central Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one year, beyond March 2022 until March 2023. The total amount to be sanctioned under the ECLGS 3.0 scheme has also been increased from Rs 4.5 lakh crore to Rs 5 lakh crore.
- The government data shows that Rs. 40,009 crore grant was released under Jal Jeevan Mission in the financial year 2021-22. How much amount has been sanctioned under the scheme for FY2022-23?
A) Rs. 50,000 Crore
B) Rs. 60,000 Crore
C) Rs. 70,000 Crore
D) Rs. 40,000 Crore
View answer
Option B
Explanation:As per the government data, Rs. 40,009 crore grant was released to States/ UTs under Jal Jeevan Mission in the financial year 2021-22. The total allocation under the scheme in FY2021-22 was Rs 50,000 crore. Further, the Cenral Government has enhanced the budget under Jal Jeevan Mission for financial year 2022-23 to Rs. 60,000 Crore.
- What is the total Dearness Allowance (DA) and Dearness Relief (DR) approved by the Central government for the employees and pensioners, with effect from January 2022?
A) 31%
B) 28%
C) 34%
D) 26%
View answer
Option C
Explanation:The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved a hike in Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners by 3 percent to 34%, over the existing rate of 31% of the Basic Pay/Pension.The hike announced will be effective from January 1, 2022, to compensate for price rise.
- What amount of Ways and Means Advances (WMA) limit has been set by RBI for Central Government for the first half of the financial year 2022-23 (April 2022 to September 2022)?
A) Rs. 1,75,000 crore
B) Rs. 1,25,000 crore
C) Rs. 1,00,000 crore
D) Rs. 1,50,000 crore
View answer
Option D
Explanation:The Reserve Bank of India has set the limit for Ways and Means Advances (WMA) for Central Government for the first half of the financial year 2022-23 (April 2022 to September 2022) at Rs. 1,50,000 crore.
- What is the deadline set by RBI for banks to implement lockable cassettes swap in all their ATMs?
A) March 31, 2023
B) December 31, 2023
C) April 30, 2023
D) September 30, 2023
View answer
Option A
Explanation:Banks were directed to implement the lockable cassette swap in a phased manner, such that at least one-third ATMs operated by them is covered every year, while all ATMs achieve cassette swap by March 31, 2021. However, this deadline was later extended to March 31, 2022. Further, upon receiving representations from various banks for facing difficulties in meeting the timeline, RBI has further extended the timeline for implementation of cassette swap in all ATMs by a year till March 31, 2023.
- ‘Tap to Pay for UPI’ is a new functionality, launched by which digital platform?
A) Paytm
B) Google Pay
C) PhonePe
D) BHIM App
View answer
Option B
Explanation:Tech giant Google Pay has launched ‘Tap to Pay for UPI’, a new functionality to bring the seamless convenience of Tap to Pay to Unified Payments Interface (UPI).
- As per CBDT data, what is the total number of Advance Pricing Agreements (APA) signed by it with Indian taxpayers in FY 2021-22?
A) 55
B) 41
C) 62
D) 13
View answer
Option C
Explanation:The Central Board of Direct Taxes (CBDT) signed 62 Advance Pricing Agreements (APA) with Indian taxpayers in FY 2021-22. This included 13 Bilateral APAs (consequent to Mutual Agreement between India and its treaty partners) and 49 Unilateral APAs.With this, the total number of APAs has gone up to 421, since inception of the APA program .
- ADB and HSBC India has collaborated to launch partial guarantee programme for microfinance in India. What is the total size of this programme?
A) USD 100 million
B) USD 200 million
C) USD 300 million
D) USD 500 million
View answer
Option A
Explanation:Manila-based Asian Development Bank (ADB) has signed an agreement with HSBC India to establish a USD 100 million partial guarantee programme to support micro-borrowers with special weightage to women-run micro-enterprises across India.
- Startups Founders Hub is a new platform, launched by which organisation to support startup founders in India at every stage of their startup journey?
A) Meta
B) Amazon
C) Google
D) Microsoft
View answer
Option D
Explanation:Tech giant Microsoft launched a new digital and inclusive platform for startup founders in India on March 31, 2022. The platform called as ‘Microsoft for Startups Founders Hub’ in India, will support startup founders in India at every stage of their startup journey.
- VARUNA 2022 is a Bilateral Naval Exercise of India with which country?
A) Sri Lanka
B) France
C) Singapore
D) Israel
View answer
Option B
Explanation:The 20th edition of the Bilateral Naval Exercise between Indian Navy and French Navy named ‘VARUNA’ is being conducted in the Arabian Sea from March 30 to April 03, 2022.
- What is the rate of interest on Sukanya Samriddhi Account Scheme for the quarter 1 of the financial year 2022-23 (Apr-Jun 2022)
A) 7.1%
B) 6.5%
C) 7.6%
D) 6.9%
View answer
Option C
Explanation: Sukanya Samriddhi Account Scheme- 7.6%
- Centre has kept interest rate on Public Provident Fund Scheme unchanged for Q1 of FY23. What is the rate?
A) 7.1%
B) 6.2%
C) 5.8%
D) 7.6%
View answer
Option A
Explanation: Public Provident Fund Scheme – 7.1%
