Current Affairs Quiz – 08 December 2020

Current Affairs Quiz 08 December 2020: Based on the Current Affairs and Important News of 08 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 08 December 2020. 

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1. The Central Government has launched the ‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for the taxpayers whose aggregate annual turnover is ___________
   A) Rs 7 crore
   B) Rs 2.5 crore
   C) Rs 10 crore
   D) Rs 5 crore
   
   View answer

   Option D
   Explanation:The Central Government has launched‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for small taxpayers under GST system.Taxpayers with aggregate annual turnover of up to Rs 5 crore in the preceding financial year.Taxpayers who have filed their October GSTR-3B (sales) return by November 30, 2020.
2. Which country will host the Asia Cup 2021?
   A) India
   B) Pakistan
   C) Sri Lanka
   D) Australia
   
   View answer

   Option C
   Explanation: As per the information given by Pakistan Cricket Board (PCB), CEO, Wasim Khan, Sri Lanka will host the Asia Cup in June 2021
3. Which Indian AMC has launched India’s first International REIT Fund of Funds?
   A) UTI Asset Management Company
   B) Kotak Mahindra Asset Management Company 
   C) SBI Mutual Fund 
   D) ICICI Prudential AMC
   
   View answer

   Option B
   Explanation:Kotak Mahindra Asset Management Company (Kotak Mutual Fund), has launched Kotak International REIT Fund of Funds, India’s first diversified REIT Mutual Fund.REIT stands for Real Estate Investment Trust.
4. Which country has won the International King Bhumibol World Soil Day Award 2020 by Food and Agriculture Organization (FAO)?
   A) India
   B) Nepal
   C) Malaysia
   D) Thailand
   
   View answer

   Option A
   Explanation:The Indian Council of Agricultural Research (ICAR), has won the prestigious International King Bhumibol World Soil Day Award for 2020, presented annually by the Food and Agriculture Organization (FAO) [Headquarter – Rome, Italy].
5. Name the winner of 2020 Sakhir Grand Prix
   A) Lance Stroll 
   B) Esteban Ocon
   C) Lewis Hamilton
   D) Sergio Perez
   
   View answer

   Option D
   Explanation:Sergio Perez (Mexico-Racing Point-BWT Mercedes), won the 2020 Sakhir Grand Prix, held on 6 December 2020, at the Bahrain International Circuit in Sakhir, Bahrain.
6. Which bank has launched the ‘LenS-The Lending Solution’,to speed up and maintain accuracy of online loan processing and sanctioning of credit proposals?
   A) Canara Bank
   B) State Bank of India
   C) Punjab National Bank
   D) Union Bank of India
   
   View answer

   Option C
   Explanation:India’s one of the leading public sector Punjab National Bank (PNB) has launched a tech-based loan management solution called ‘LenS-The Lending Solution’, to speed up online loan processing and sanctioning of credit proposals as well as maintain accuracy.
7. ‘Father of Fibre Optics’, has passed away recently. Who was he?
   A) Charles K. Kao
   B) Narinder Singh Kapany
   C) Sabeer Bhatia
   D) E. C. G. Sudarshan
   
   View answer

   Option B
   Explanation:Indian-American physicist Narinder Singh Kapany, who is considered as the ‘Father of Fibre Optics’ has passed away. He was 94.
8. The mobile payment app ‘iMobile Pay’ has been launched by which bank?
   A) HDFC Bank
   B) Kotak Mahindra Bank
   C) ICICI Bank
   D) Axis Bank
   
   View answer

   Option C
   Explanation: The private lender ICICI Bank has launched a new version of its mobile payment app called iMobile Pay, to offer payment and banking services to customers of any bank.
9. Name the first ever Indian player who has recently won the Formula 2 race at the 2020 Sakhir Grand Prix
   A) Jehan Daruvala
   B) Aditya Patel
   C) Karun Chandhok
   D) Armaan Ebrahim
   
   View answer

   Option A
   Explanation: Jehan Daruvala created history on 6th December 2020, as he became the first Indian to win a Formula 2 race at the 2020 Sakhir Grand Prix.
10. Pakistan was scheduled to host the Asia Cup in 2020 but the tournament was postponed due to COVID. Now the country has earned the hosting right for the game in which year?
    A) 2023
    B) 2022
    C) 2024
    D) 2025
    
    View answer

    Option B
    Explanation: Pakistan has earned the rights to host the tournament in 2022.

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