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Current Affairs Quiz – 12 September 2020

Current Affairs Quiz 12 September 2020: Based on the Current Affairs and Important News of 12 September 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 12 September 2020. Attempt our daily current affairs quiz on our mobile app too.

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  1. As per Moody’s, the GDP growth rate of India for 2020-21 is projected at ________
    A) -9.5%
    B) -11.5%
    C) -10.5%
    D) -8.5%
    View answer
    Option B
    Explanation: 
    Ratings agency Moody’s has projected the GDP growth rate for India to contract 11.5 percent in the fiscal 2020-21 (FY21) due to the coronavirus pandemic.
  2. The Central Bank Digital Currencies (CBDCs) Testing Platform has been launched by which organisation?
    A) Mastercard
    B) Bharti Airtel
    C) Microsoft
    D) Facebook
    View answer
    Option A
    Explanation: 
    Mastercard has announced that it has launched a Central Bank Digital Currencies (CBDCs) Testing Platform that will enable Central Banks to assess and explore national Digital Currencies.
  3. When is the United Nations Day for South-South Cooperation observed?
    A) 9 September
    B) 10 September
    C) 11 September
    D) 12 September
    View answer
    Option D
    Explanation:
    The United Nations Day for South-South Cooperation is observed every year on September 12 since 2011, to celebrate the economic, social and political developments made in recent years by regions and countries in the south.Theme for 2020 is “Pathways toward the SDGs through South-South solidarity beyond COVID-19.”
  4. RBI has notified new guidelines for appointment of Chief Compliance Officer (CCO). What shall be the maximum age for being eligible for the post?
    A) 55
    B) 65
    C) 50
    D) 60
    View answer
    Option A
    Explanation:
    The Reserve Bank of India has released the guidelines to be followed by commercial banks for the appointment of Chief Compliance Officer (CCO). Tenor for the appointment of CCO – minimum fixed tenure of not less than 3 years. Age – Not more than 55 years;
  5. What is the rank of India in the Global Economic Freedom Index 2020?
    A) 116
    B) 105
    C) 98
    D) 132
    View answer
    Option B
    Explanation:
    India (Score- 6.56/10) has been ranked 105th in the Global Economic Freedom Index 2020 released by the Fraser Institute, Canada.
  6. The Five Star Villages scheme has been launched by which organisation?
    A) State Bank of India
    B) BSNL
    C) Department of Posts
    D) Amazon India
    View answer
    Option C
    Explanation:
    The Department of Posts has launched a new scheme called Five Star Villages, to ensure universal coverage of flagship postal schemes in rural areas of the country.
  7. Name the first Indian company to cross $200 billion in market capitalization (m-cap). 
    A) Reliance Industries (RIL)
    B) State Bank of India
    C) Tata Consultancy Services
    D) LIC
    View answer
    Option A
    Explanation: 
    Reliance Industries (RIL) on September 10, 2020, became the first Indian company to cross $200 billion in market capitalization (m-cap). The market capitalization of Reliance Industries at the close of the stock market on September 10, 2020, was Rs 15.3 trillion ($208 billion).
  8. Which state has topped the list of States’ Startup Ranking Framework 2019?
    A) Madhya Pradesh
    B) Gujarat
    C) Karnataka
    D) Maharashtra
    View answer
    Option B
    Explanation: 
    Gujarat has topped the second edition of States Startup Ranking Results 2019 released by Minister of Commerce & Industry and Railways Shri Piyush Goyal.
  9. Who among the following has been appointed as the member of the Independent Panel for Pandemic Preparedness and Response of the World Health Organisation?
    A) Preeti Sudan
    B) Rajiv Gauba
    C) Randeep Guleria
    D) Nripendra Misra
    View answer
    Option A
    Explanation:
    Former Health Secretary of India,Preeti Sudan has been appointed as a member of the Independent Panel for Pandemic Preparedness and Response of the World Health Organisation.
  10. Who is the head of the committee formed by the government to study calls for giving interest relief on bank loans?
    A) Vinod Rai
    B) Pradeep Kumar Sinha
    C) Rajiv Mehrishi
    D) Sunil Arora
    View answer
    Option C
    Explanation: 
    Central Government has formed a three-member committee to examine calls for relief on interest banks are charging on loan instalments deferred during the moratorium period due to COVID-19. Rajiv Mehrishi is the chairperson of the committee.
  11. The Aero India-21 is scheduled to be held in Bengaluru in February 2021. This event will be which edition of the biennial air show?
    A) 15th
    B) 13th
    C) 17th
    D) 11th
    View answer
    Option B
    Explanation: 
    The 13th edition of Aero India-21 is scheduled to be held at Air Force Station, Yelahanka, Bengaluru, Karnataka from 3 to 07 February 2021. 
  12. Which among the following places has recently received the approval of the government to be registered under the Foreign Contribution (Regulation) Act (FCRA), 2010, to receive overseas fund?
    A) Golden Temple
    B) Akshardham
    C) Vaishno Devi
    D) Lotus Temple
    View answer
    Option A
    Explanation: 
    The Ministry of Home Affairs (MHA) has approved registration of the Sri Harmandir Sahib under the Foreign Contribution (Regulation) Act (FCRA), 2010 on 9 September 2020. Sri Harmandir Sahib is famous as Golden Temple in Amritsar.The registration under FCRA 2010 will allow the Golden Temple to receive foreign funds.
  13. World First Aid Day is observed on which of these days?
    A) Second Friday of September
    B) 12 September
    C) Second Saturday of September
    D) 11 September
    View answer
    Option C
    Explanation: 
    The World First Aid Day is observed on the second Saturday of September every year to create awareness about importance of first aid in preventing injuries and saving lives. The World First Aid Day 2020 is being observed on 12 September.
  14. Who has been appointed as the new Chairman of National School of Drama (NSD)?
    A) Anupam Kher
    B) Paresh Rawal
    C) Naseeruddin Shah
    D) Shakti Kapoor
    View answer
    Option B
    Explanation:
    Veteran Bollywood actor Paresh Rawal has been appointed as Chairman of National School of Drama (NSD), India’s premier theatre school under the Ministry of Culture.The 65-year-old Rawal has been appointed to the post for a period of four years.
  15. The Government has announced an increment in the scholarship amount under ‘Pragati and Saksham Scholarship Schemes’ for students of Jammu and Kashmir. What is the new amount that would be provided annually?
    A) Rs 40,000
    B) Rs 10,000
    C) Rs 20,000
    D) Rs 50,000
    View answer
    Option D
    Explanation:
    The central government has increased the scholarship amount under ‘Pragati and Saksham Scholarship Schemes’ for students of Jammu and Kashmir from Rs 5,000 to Rs 50,000 per annum.
  16. Which State/UT has topped the States’ Startup Ranking Framework 2019 under the North-Eastern States/UT categories?
    A) Andaman and Nicobar Islands
    B) Sikkim
    C) Daman & Diu
    D) Nagaland
    View answer
    Option A
    Explanation:
    Andaman and Nicobar Islands is the Best Performer in Category Y  which has all North-Eastern States except Assam and all UTs except Delhi.
  17. What is the total number of members in the Independent Panel for Pandemic Preparedness and Response of the World Health Organisation?
    A) 9
    B) 17
    C) 15
    D) 11
    View answer
    Option D
    Explanation: 
    The panel, which has 11 panellists from across the world, will hold its first meeting on 17 September 2020.
  18. Which country has topped the Global Economic Freedom Index 2020?
    A) Singapore
    B) HongKong
    C) Germany
    D) Finland
    View answer
    Option B
    Explanation:
    HongKong (Score- 8.94/10) has topped the ranking followed by Singapore at the second spot.
  19. What is the estimated GDP growth for India in 2021-22 as per Moody’s?
    A) 11.2%
    B) 9.3%
    C) 8.4%
    D) 10.6%
    View answer
    Option D
    Explanation: 
    For 2021-22 (FY22), Moody’s projected the economy of India to grow at 10.6 percent.
  20. The Golden Temple is located in which city?
    A) Indore
    B) New Delhi
    C) Amritsar
    D) Jaipur
    View answer
    Option C
    Explanation: Amritsar, Punjab

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