Current Affairs Quiz – 03 October 2020

Current Affairs Quiz 03 October 2020: Based on the Current Affairs and Important News of 03 October 2020 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 Current Affairs Quiz 03 October 2020. 

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1. What is the interest rate on Senior Citizen Savings Scheme (SCSS) for quarter three of 2020-21?
   A) 7.1%
   B) 6.6%
   C) 7.4%
   D) 6.0%
   
   View answer

   Option C
   Explanation: 7.4%
2. Who has recently been sworn in as the new Chief Financial Officer (CFO) of the SBI?
   A) Charanjit Singh Attra
   B) Prashant Kumar
   C) C Venkat Nageshwar
   D) J Swaminathan
   
   View answer

   Option A
   Explanation:The State Bank of India (SBI) has appointed Charanjit Singh Attra as its new Chief Financial Officer (CFO) with effect from 01 October 2020.
3. DRDO successfully carried the test flight of Laser Guided Anti Tank Guided Missile (ATGM). It has been developed by Armament R&D Establishment (ARDE), a DRDO lab headquartered at_________
   A) Pune
   B) New Delhi
   C) Hyderabad
   D) Kolkata
   
   View answer

   Option A
   Explanation: The indigenously developed Laser Guided Anti Tank Guided Missile (ATGM) was successfully test fired by DRDO on 1^st Oct 2020. It defeated a target located at longer range. This Laser guided ATGM has been developed by Armament R&D Establishment (ARDE), Pune
4. How much amount has been earmarked by NABARD for the Water, Sanitation and Hygiene (WASH) programme, under its refinance facility for the 2020-21?
   A) Rs 400 crore
   B) Rs 600 crore
   C) Rs 500 crore
   D) Rs 800 crore
   
   View answer

   Option D
   Explanation: The National Bank for Agriculture and Rural Development (NABARD) has announced a special refinance facility for the Water, Sanitation and Hygiene (WASH) programme to promote sustainable and healthy lifestyle in rural areas. Under this, NABARD has earmarked an amount of Rs 800 crore for the financial year 2020-21.
5. The interest rate on National Savings Certificates (NSC) for third quarter of 2020-21 is unchanged. What is the rate?
   A) 7.1%
   B) 5.5%
   C) 6.8%
   D) 6.2%
   
   View answer

   Option C
   Explanation: 6.8%
6. What amount of financial assistance has been extended by the US Agency for International Development (USAID), to help the informal sector of India affected by COVID-19?
   A) USD 3 million
   B) USD 1.9 million
   C) USD 2.5 milliom
   D) USD 5.1 million
   
   View answer

   Option B
   Explanation: The US Agency for International Development (USAID), has announced a financial aid of  USD 1.9 million for India to support vulnerable populations like informal sector workers whose livelihoods have been disrupted due to COVID-19.
7. The Ministry of Jal Shakti presented the Swachh Bharat 2020 Awards to various states on the occasion of Swachh Bharat Diwas, on 2nd October 2020, which marked the ________ year of the launch of Swachh Bharat Mission (SBM).
   A) 4
   B) 6
   C) 5
   D) 7
   
   View answer

   Option B
   Explanation:The Ministry of Jal Shakti is observing the Swachh Bharat Diwas, 2020 on 2nd October to mark six years of the launch of the Swachh Bharat Mission (SBM).
8. India has recently inked USD 90 million defence deal with which country to buy spare parts for its fleet of C-130J Super Hercules cargo aircraft?
   A) Israel
   B) Russia
   C) United States
   D) France
   
   View answer

   Option C
   Explanation: India and the United States have entered into a defence deal worth $90-million, wherein US would provide equipment, spare parts and logistical support for India’s fleet of C-130J Super Hercules cargo aircraft.
9. Name the month long global virtual Summit inaugurated by PM Modi on 2nd October 2020 for overseas and resident Indian Researchers and Academicians?
   A) VAIBHAV
   B) VIDYA
   C) VAISHALI
   D) VANDE
   
   View answer

   Option A
   Explanation: On 2nd October 2020, the Prime Minister of India Shri Narendra Modi inaugurated the Vaishvik Bhartiya Vaigyanik (VAIBHAV) Summit, a global virtual summit of overseas and resident Indian Researchers and Academicians.The summit will conclude on the occasion of Sardar Vallabh Bhai Patel Jayanti on 31st October 2020.
10. The interest rate on Sukanya Samriddhi Account in October-December qtr of FY21 is_________
    A) 7.3%
    B) 7.1%
    C) 7.9%
    D) 7.6%
    
    View answer

    Option D
    Explanation: 7.6%

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