Current Affairs Quiz – 01 March 2019

Current Affairs Quiz 01 March 2019: Based on the Current Affairs and Important News of 01 March 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 everyday to be prepared for any exam. 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.

Current Affairs Quiz 01 March 2019

  1. How much amount of loan agreement has been signed between India and ADB for the upgrading Mumbai Metro Rail System?
    A) USD 926 million

    B) USD 455 million
    C) USD 672 million
    D) USD 800 million
    View answer
    Option A
    Explanation: 
    The Asian Development Bank (ADB) and the Government of India has inked loan agreement worth USD 926 Million to operationalize two lines for the Mumbai Metro Rail System. 
  2. Project Zero has been launched by which e-commerce entity to fight product counterfeit?
    A) Snapdeal
    B) Paytm
    C) Flipkart
    D) Amazon
    View answer
    Option D
    Explanation: 
    Amazon will launch an initiative named “Project Zero” to get rid of counterfeit products on its website. Under the project, Amazon will allow the brands to directly flag and delete fake listings themselves. 
  3. What will be the rate of growth of the Indian economy for the year 2019 according to the latest estimates of Moody’s?
    A) 7.0%

    B) 7.5%
    C) 7.3%
    D) 7.7%
    View answer
    Option C
    Explanation: 
    Moody’s has predicted the GDP growth rate for India at 7.3% for both 2019 and 2020. 
  4. Who is the head of the task force formed by CBDT to draft a new direct tax law and replace the existing Income Tax Act?
    A) Pramod Chandra Mody

    B) Akhilesh Ranjan
    C) Sushil Chandra
    D) Jamuna Pd Singh
    View answer
    Option B
    Explanation: 
    A task force set up under the CBDT to draft a new direct tax law and replace the existing Income Tax Act for which the deadline was February 28, 2019 has been given a three-month extension till 31 May, 2019.The head of the task force is Akhilesh Ranjan.
  5. Which Indian state has recently created Guinness Book of World Record by implanting ‘Modern Artificial Limbs (Legs)’ in 260 Divyangjans within eight hours?
    A) Gujarat

    B) Madhya Pradesh
    C) Haryana
    D) Rajasthan
    View answer
    Option A
    Explanation: 
    The Department of Empowerment of Persons with Disabilities (DEPwD) under the Ministry of Social Justice and Empowerment has created the “7th Guinness Book of World Record” on February 28, 2019 at Bharuch, Gujarat. The DEPwD implanted ‘Modern Artificial Limbs (Legs)’ on 260 Divyangjans within eight hours. 
  6. Who is the new MD & CEO of Yes Bank?
    A) Ajai Kumar

    B) Shekhar Kapoor
    C) Rana Kapoor
    D) Ravneet Gill
    View answer
    Option D
    Explanation: 
    Ravneet Gill has taken charge as its MD and CEO of Yes Bank with effect from March 01,  2019. 
  7. Name the scheme launched by the HRD Ministry to fund science projects?
    A) WINNER

    B) SHINE
    C) STARS
    D) POSITIVE
    View answer
    Option C
    Explanation:  
    The Ministry of Human Resource and Development has launched a project named STARS’ or Scheme for Translational and Advanced Research in Science, to fund science projects. The outlay of the project is Rs 500 crore. It aims to cover around 500 projects. Indian Institute of Science (IISc), Bangalore will coordinate the project.
  8. When is the Zero Discrimination Day observed?
    A) February 28

    B) March 1
    C) March 2
    D) February 27
    View answer
    Option B
    Explanation: 
    The Zero Discrimination Day is celebrated annually on March 1 since 2014 by the UN and other international organisations. The theme for Zero Discrimination Day 2019 is ‘Act to change laws that Discriminate’. 
  9. How much amount has been approved by the Union Cabinet for RBI’s share capital in National Housing Bank?
    A) Rs 1550 crore

    B) Rs 1050 crore
    C) Rs 1250 crore
    D) Rs 1450 crore
    View answer
    Option D
    Explanation:
    Rs. 1450 crore for the share capital of RBI in National Housing Bank, NHB
  10. What was the profession of Andre Previn who passed away recently?
    A) Music composer

    B) Actor
    C) Director
    D) Singer
    View answer
    Option A
    Explanation: 
    Four time Oscar-winning music composer Andre Previn passed away at the age of 89. 

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