Current Affairs Quiz 06 December 2020: Based on the Current Affairs and Important News of 06 December 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 06 December 2020.
Read Current Affairs for 06 December 2020: Click Here
- RBI has recently introduced the LAF and MSF facilities for the Scheduled Regional Rural Banks (RRBs), which has a minimum CRAR of _________ percent
A) 7%
B) 8%
C) 9%
D) 10%
View answer
Option C
Explanation:The Reserve Bank of India has allowed the Scheduled Regional Rural Banks (RRBs) to take part in the Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) of RBI for better for liquidity management. There is a minimum CRAR of nine per cent.
- Corey Anderson has recently announced his retirement from the international cricket. He was an all-rounder representing which country?
A) West Indies
B) New Zealand
C) Australia
D) England
View answer
Option B
Explanation: New Zealand all-rounder Corey Anderson, has announced his retirement from international cricket.Anderson rose to fame after scoring fastest 100 in the history of One Day International cricket (ODI), in 36-ball against West Indies in January 2014.
- RBI has increased the limit for Card transactions in Contactless mode without the need of an Additional Factor of Authentication (AFA). What is the new limit?
A) Rs 4000
B) Rs 2000
C) Rs 5000
D) Rs 3000
View answer
Option C
Explanation:The Reserve Bank of India has increased the limit allowed for Card transactions in Contactless mode from Rs 2000 to Rs 5000 without the need of an Additional Factor of Authentication (AFA).
- Newly launched Majerhat bridge has been renamed as Jai Hind bridge. The bridge is located in which city?
A) Kolkata
B) Jaipur
C) Dehradun
D) Srinagar
View answer
Option A
Explanation: West Bengal Chief Minister Mamata Banerjee inaugurated the newly-built Majerhat bridge in Kolkata on 3rd December 2020. However, the bridge has been renamed as “Jai Hind” bridge to pay tribute to Netaji Subhas Chandra Bose on the occasion of his 125th birth anniversary commemoration (23 January).
- The RTGS system of transaction will be made available round the clock, with effect from which day?
A) 10 December 2020
B) 31 December 2020
C) 25 December 2020
D) 14 December 2020
View answer
Option D
Explanation:The Reserve Bank of India has announced that the Real Time Gross Settlement (RTGS) system will be made available round the clock on all days of the year with effect from 00:30 hours on December 14, 2020. Presently RTGS system is available for customers between 7:00 AM and 6:00 PM.
- Name the Indian who has been named in “The Straits Times Asians of the Year” for 2020?
A) Pesi Shroff
B) Adar Poonawalla
C) Cyrus Mistry
D) Uday Kotak
View answer
Option B
Explanation:Adar Poonawalla, the Chief Executive of the Pune-based Serum Institute of India (SII), has been named among six “The Straits Times Asians of the Year” for 2020, by Singapore’s leading daily, The Straits Times, for their work in fighting the COVID-19 pandemic.
- What is the new limit set by RBI for processing of e-mandates on PPI and UPI cards without the need of Additional Factor of Authentication (AFA)?
A) Rs 3,000
B) Rs 2,000
C) Rs 5,000
D) Rs 7,000
View answer
Option C
Explanation:The Reserve Bank of India has increased the limit for processing e-mandates / standing instructions on cards and Prepaid Payment Instruments (PPIs) and UPI for recurring transactions without the need of Additional Factor of Authentication (AFA) from Rs 2,000 to Rs 5,000.
- Which country has recently become the only second country after the US to unfurl its flag on the moon?
A) China
B) Russia
C) Japan
D) France
View answer
Option A
Explanation:China has become the second country in the world to unfurl its national flag on the moon surface. Earlier this feat was achieved only by the USA, when it planted its flag on the Moon during the Apollo mission in 1969.
- Name the bank, with which, fintech company Rupifi has partnered to launch a co-branded business credit card for MSMEs?
A) Kotak Mahindra Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
View answer
Option D
Explanation:Private sector lender Axis Bank has launched an exclusive business credit card ‘Axis Bank Rupifi Business Credit Card’ for the micro, small and medium enterprises (MSMEs) sector.The co-branded credit card has been launched in partnership with fintech lending platform Rupifi, that provides financial solutions to MSMEs.It is powered by Visa.
- Who is the author of the book “40 Years with Abdul Kalam – Untold Stories”?
A) V. K. Aatre
B) Avinash Chander
C) A. Sivathanu Pillai
D) Rajagopala Chidambaram
View answer
Option C
Explanation: Vice President Venkaiah Naidu recently released a book on from former president Dr A.P.J. Abdul Kalam. The book titled “40 Years with Abdul Kalam – Untold Stories” has been written by scientist Dr. A. Sivathanu Pillai, a former chief of BrahMos Aerospace.
- The Real Time Gross Settlement (RTGS) system is governed by which act?
A) RTGS System Regulations, 2011
B) RTGS System Regulations, 2013
C) RTGS System Regulations, 2015
D) RTGS System Regulations, 2009
View answer
Option B
Explanation:RTGS shall continue to be governed by the RTGS System Regulations, 2013.
