Current Affairs Quiz – 08 April 2021

Current Affairs Quiz 08 April 2021: Based on the Current Affairs and Important News of 08 April 2021 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 08 April 2021. 

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1. The MPC committee of RBI has kept the key lending rates unchanged. In this regards, what is the current repo rate?
   A) 3%
   B) 4,25$
   C) 3.75%
   D) 4%
   
   View answer

   Option D
   Explanation:The policy rates are as follows:

   • Repo rate : 4%
   • Reverse repo rate : 3.35%
   • CRR : 3.50%
   • SLR : 18.00%

2. The limit of maximum balance that can be maintained in the Payments Bank at end of the day per customer has been increased by RBI. What is the new limit?
   A) Rs 3 lakh
   B) Rs 2 lakh
   C) Rs 1 lakh
   D) Rs 5 lakh
   
   View answer

   Option B
   Explanation:The Reserve Bank of India has enhanced the limit of maximum balance at end of the day maintained in Payments Bank from Rs 1 lakh to Rs 2 lakh per individual customer.
3. Name the Indian billionaire who has topped the Forbes list of India’s 10 richest billionaires for the year 2021
   A) Gautam Adani
   B) Shiv Nadar
   C) Mukesh Ambani
   D) Uday Kotak
   
   View answer

   Option C
   Explanation:Reliance Industries Chairman Mukesh Ambani has achieved the top spot in the Forbes list of India’s 10 richest billionaires for the year 2021.The total net worth of Ambani was calculated at USD 84.5 billion.
4. The Financial Inclusion Index (FI Index)will be published by RBI annually to measure the extent of financial inclusion in the country. The index will be published in which month?
   A) July
   B) March
   C) April
   D) June
   
   View answer

   Option A
   Explanation:The Reserve Bank of India has announced that it will periodically publish a “Financial Inclusion Index” (FI Index) annually in July for the financial year ending previous March.
5. Radheshyam Khemka, who has passed away recently was the president of which organisation?
   A) Isha Foundation
   B) Gita Press 
   C) Penguin Books
   D) Rashtriya Swayamsevak Sangh
   
   View answer

   Option B
   Explanation:The President of Gita Press, Radheshyam Khemka, has passed away following a brief illness. He was 87. Gita Press is the world’s largest publisher of Hindu religious texts.
6. What is the GDP growth projection rate of India for the fiscal year 2021-22 as per RBI?
   A) 9.5%
   B) 11%
   C) 10.5%
   D) 12.5%
   
   View answer

   Option C
   Explanation: The GDP growth of India is projected at 10.5% in financial year 2021-22
7. RBI has increased the limit of Way and Means Advances (WMA) for the State Governments/UTs. What is the enhanced limit?
   A) Rs 28,742 crore
   B) Rs 17,250 crore
   C) Rs 32,500 crore
   D) Rs 47,010 crore
   
   View answer

   Option D
   Explanation:The Reserve Bank of India has increased the limit for Way and Means Advances (WMA) for the State Governments/UTs from Rs. 32,225 crore (fixed in February 2016) to Rs. 47,010 crore based on the recommendation of a committee headed by Shri Sudhir Shrivastava. This represents an increase of about 46%.
8. The Ministry of Health and Ministry of Tribal Affairs have launched “Tribal Health Collaborative” to enhance the health and nutrition status of the tribal communities of India. What is the name given to this collaborative?
   A) Advik
   B) Angel
   C) Anamaya
   D) Anish
   
   View answer

   Option C
   Explanation:The Union Minister for Health and Family Welfare, Dr Harsh Vardhan and the Union Minister of Tribal Affairs, Shri Arjun Munda jointly launched ‘Anamaya’, the Tribal Health Collaborative on April 07, 2021 through video conference.
9. Who has been appointed as the brand ambassador of the smartphone company VIVO?
   A) Sonu Sood
   B) Virat Kohli
   C) Anuskha Sharma
   D) Rohit Sharma
   
   View answer

   Option B
   Explanation:Chinese smartphone major Vivo has appointed Indian cricketer Virat Kohli as its brand ambassador.
10. RBI has enhanced the loan limit for each borrower against pledge/hypothecation of agricultural produce backed by NWRs/(e-NWRs) issued by warehouses registered and regulated by WDRA. So what is the new limit?
    A) Rs 25 lakh
    B) Rs 100 lakh
    C) Rs 50 lakh
    D) Rs 75 lakh
    
    View answer

    Option D
    Explanation:The Reserve Bank of India has enhanced the loan limit from Rs 50 lakh to Rs 75 lakh per borrower against the pledge/hypothecation of agricultural produce backed by NWRs/(e-NWRs) issued by warehouses registered and regulated by WDRA.
11. Who has been roped in as the WHO Special Envoy for the Access to COVID-19 Tools Accelerator (ACT-Accelerator)?
    A) Carl Bildt
    B) Anna Maria Corazza Bildt
    C) Fredrik Reinfeldt
    D) Mia Bohman
    
    View answer

    Option A
    Explanation:The former Prime Minister of Sweden, Carl Bildt, has been appointed as WHO Special Envoy for the Access to COVID-19 Tools Accelerator (ACT-Accelerator).
12. The current Marginal Standing Facility (MSF) Rate is _____________
    A) 5%
    B) 3.25%
    C) 4.25%
    D) 3%
    
    View answer

    Option C
    Explanation:Marginal Standing Facility (MSF) Rate : 4.25%; Bank Rate : 4.25%

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