Current Affairs Quiz 02 March 2019: Based on the Current Affairs and Important News of 02 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 02 March 2019
- Which financial year has been declared to be observed as the Construction-Technology Year by PM Modi?
A) 2019-20
B) 2020-21
C) 2021-22
D) 2022-23
View answer
Option A
Explanation: Prime Minister Shri Narendra Modi inaugurated the Construction Technology India-2019 Expo-cum-Conference in New Delhi on 2nd March, 2019. PM announced to observe period beginning 01 April 2019 to 31 March 2020 as Construction-Technology Year.
- What is the full form of VRR in banking?
A) Verification Readiness Review
B) Virtual Reservation Request
C) Visual Reading Range
D) Voluntary Retention Route
View answer
Option D
Explanation: The Reserve Bank of India has introduced a scheme named ‘Voluntary Retention Route’ (VRR) to encourage Foreign Portfolio Investors (FPIs) to undertake long-term investments in Indian debt markets.
- Who has been honored with the 2019 Missile Systems Award?
A) Gopal Bhushan
B) Subhash Bhamre
C) G Satheesh Reddy
D) Nirmala Sitharaman
View answer
Option C
Explanation: The Chairman of Defence Research Development Organisation (DRDO), G Satheesh Reddy, has been conferred with the 2019 Missile Systems Award along with Rondell J Wilson, scientist at Raytheon Missile Systems based at Tucson, Arizona, United States. by the American Institute of Aeronautics and Astronautics (AIAA) for his contribution in the field of missile systems technology.
- What will be the minimum retention period under the newly introduced ‘Voluntary Retention Route’ (VRR) scheme for investment by FPIs?
A) 2 years
B) 3 years
C) 5 years
D) 1 year
View answer
Option B
Explanation: Investment under the VRR scheme shall be open for allotment from March 11, 2019. The investment limits under the current tranche shall be kept open till the limits are exhausted or till April 30, 2019 whichever is earlier. The minimum retention period shall be three years.
- The 2nd Edition of Indian Sign Language (ISL) Dictionary consists of how many words?
A) 4000
B) 5000
C) 6000
D) 3000
View answer
Option C
Explanation: The 2nd Edition of Indian Sign Language (ISL) Dictionary has been released by Indian Sign Language Research and Training Centre (ISLRTC). The second edition of the Dictionary consists of 6000 words under the categories of academic, legal, medical, technical and everyday terms.
- The Voluntary Retention Route (VRR) scheme mandates FPIs to maintain a minimum of ____________ percent of the allocated amount in India during the retention period
A) 75%
B) 50%
C) 65%
D) 70%
View answer
Option A
Explanation: During the retention period FPIs shall maintain a minimum of 75% of the allocated amount in India. The aggregate investment limit shall be ₹ 40,000 crores for VRR-Govt and ₹ 35,000 crores for VRR-Corp.
- The book named ‘Mann Ki Baat – A Social Revolution on Radio’ is a compilation of how many episodes of the ‘Mann Ki Baat’ programme of PM Modi?
A) 75
B) 50
C) 100
D) 25
View answer
Option B
Explanation: The Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley, released a book titled ‘Mann Ki Baat – A Social Revolution on Radio’ in New Delhi on March 02, 2019. The book comprises of 50 episodes of Prime Minister Narendra Modi’s ‘Mann Ki Baat’ programme with the citizens of India.
- Hasmukh Adhia has been appointed as the Non- Executive Chairman of which bank?
A) HDFC Bank
B) Punjab National Bank
C) Yes Bank
D) Bank of Baroda
View answer
Option D
Explanation: The former Finance Secretary Hasmukh Adhia has been appointed as the Non- Executive Chairman of state-owned Bank of Baroda (BoB).
- Senior leader Qazi Mohammad Afzal was the former cabinet minister of which state?
A) Jammu & Kashmir
B) Punjab
C) Rajasthan
D) Odisha
View answer
Option A
Explanation: Former Jammu and Kashmir cabinet minister and senior Peoples Democratic Party (PDP) leader Qazi Mohammad Afzal passed away after prolonged illness. He was 76.
- Who will allot the investment limit under the VRR scheme?
A) Securities Exchange Board of India
B) Reserve Bank of India
C) Clearing Corporation of India Ltd.
D) National Payments Corporation of India
View answer
Option C
Explanation: Investment limits shall be allotted by Clearing Corporation of India Ltd. (CCIL) on ‘first come first served’ basis.
