Current Affairs Quiz – 16 August 2019

Current Affairs Quiz 16 August 2019: Based on the Current Affairs and Important News of 16 August 2019 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 16 August 2019. Most important current affairs questions for 16 August 2019 Current affairs quiz questions important for competitive exam. We try to prepare the best and most expected current affairs questions with answers. Attempt our daily current affairs quiz on our mobile app too.

1. What is the maximum percentage of loss to be covered under the credit-support plan launched by Finance Ministry for NBFCs?
   A) 5%
   B) 10%
   C) 15%
   D) 20%
   
   View answer

     Option B
   Explanation: Department of Economic Affairs will provide a government guarantee of up to 10% of the fair value of assets purchased by a bank from a stressed NBFC or HFC.
2. What is India’s GDP growth rate as per ANZ for FY20?
   A) 6.0%
   B) 7.3%
   C) 6.2%
   D) 6.5%
   
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     Option C
   Explanation: The Australia and New Zealand Banking Group (ANZ) has predicted India’s GDP growth at 6.2% for FY20. Earlier it has predicted the growth rate at 6.5%.
3. Recently FSSAI has made food safety audit mandatory for how many categories of food?
   A) 8
   B) 7
   C) 9
   D) 6
   
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   Option D
   Explanation: Food regulator FSSAI has made safety audit mandatory for 06 category of business which includes: (i) Dairy Products (ii) Meat Products (iii) Fish and fish products (iv) Egg and egg products (v) Food for infant nutritions and (vi) Prepared foods (catering).
4. What is the total amount of loss to be covered under the credit-support plan for NBFCs?
   A) Rs 50 lakh crore
   B) Rs 50,000 crore
   C) Rs 1 lakh core
   D) Rs 10 lakh crore
   
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   Option C
   Explanation: The scheme is capped at Rs 1 lakh crore.
5. KONKAN exercise is annual exercise between the navy of India and which other country?
   A) Sri Lanka
   B) Myanmar
   C) Russia
   D) Britain
   
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   Option D
   Explanation: The 14th Edition of KONKAN exercise between Indian Navy and Royal Navy of Britain has started at the South Coast of UK. It is an annual bilateral exercise.
6. Which state government has launched the “Mo Sarkar” initiative with an aim to ensure transparency in the governance of the state?
   A) Odisha
   B) Andhra Pradesh
   C) Telangana
   D) Kerala
   
   View answer

   Option A
   Explanation: Chief Minister of Odisha Naveen Patnaik has announced the “Mo Sarkar” initiative with an aim to ensure transparency in the governance of the state. The initiative will be launched on October 02, 2019.
7. What is India’s GDP growth rate as per ANZ for FY21?
   A) 6.1%
   B) 6.3%
   C) 6.5%
   D) 6.7%
   
   View answer

   Option C
   Explanation: For FY21, ANZ has predicted India’s GDP growth rate at 6.5%.
8. Who has been appointed as the Coach of Indian Cricket team by the Cricket Advisory Committee (CAC)?
   A) Mike Hesson
   B) Tom Moody
   C) Robin Singh
   D) Ravi Shashtri
   
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   Option D
   Explanation: Ravi Shashtri has been re-appointed as the head coach of Indian men’s national cricket team. The decision was announced by three-member Cricket Advisory Committee (CAC) comprising Kapil Dev, Anshuman Gaekwad and Shantha Rangaswamy.
9. As per the latest instructions by RBI, which of the following transactions should not be counted under free ATM transactions?
   A) balance enquiry at off-us transaction
   B) transaction failure due to invalid pin
   C) transactions failed due to hardware failure
   D) non-availability of currency notes in the ATM
   
   View answer

   Option A
   Explanation: as the RBI Instructions says that “Non-cash withdrawal transactions (such as balance enquiry, cheque book request, payment of taxes, funds transfer, etc.), which constitute ‘on-us’ transactions (i.e., when a card is used at an ATM of the bank which has issued the card) shall also not be part of the number of free ATM transactions.”
10. Maharshi Badrayan Vyas Samman is presented every year on 15 August to felicitate persons related to various ___________.
    A) Music style
    B) Dance form
    C) Language
    D) Art forms
    
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    Option C
    Explanation:
11. Who presented the Maharshi Badrayan Vyas Samman to the winners?
    A) Narendra Modi
    B) Nirmala Sitharaman
    C) Ramesh Pokhriyal
    D) Ram Nath Kovind
    
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    Option D
    Explanation: The President of India Shri Ram Nath Kovind awarded the Maharshi Badrayan Vyas Samman on 15 August 2019.
12. Who has won the Dr A P J Abdul Kalam Award for 2019?
    A) A. S. Kiran Kumar
    B) Kailasavadivoo Sivan
    C) Padmaja Chunduru
    D) K Senthil Kumar
    
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    Option B
    Explanation: The Indian Space Research Organisation (ISRO) Chairman Dr Kailasavadivoo Sivan has been conferred with Dr A P J Abdul Kalam award for the year 2019 by the Tamil Nadu government.
13. VB Chandrasekhar who passed away was related to which sports?
    A) Football
    B) Badminton
    C) Cricket
    D) Tennis
    
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    Option C
    Explanation: Former Indian opening batsman V.B. Chandrasekhar passed away after committing suicide. He was 57.
14. Which state presents the Dr A P J Abdul Kalam award each year?
    A) Andhra Pradesh
    B) Tamil Nadu
    C) Uttar Pradesh
    D) Gujarat
    
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    Option B
    Explanation: Tamil Nadu
15. Who has been appointed as the chairperson of the Inter-State Council?
    A) Narendra Modi
    B) Amit Shah
    C) Nirmala Sitharaman
    D) Rajnath Singh
    
    View answer

    Option A
    Explanation: The Central government has reconstituted the Inter-State Council and it will be Chaired by Prime Minister Narendra Modi. The Inter-State Council is a non-permanent constitutional body set up by a presidential order on the basis of provisions in Article 263 of the Constitution of India on 28 May 1990 upon recommendation of Sarkaria Commission
16. Recently Prime Minister Narendra Modi announced the appointment of appointment of a Chief of Defence Staff (CDS) . In absence of CDS, presently the Chairman of Chiefs of Staff Committee (COSC) is the head of the three defence forces, Who is the present Chairman of Chiefs of Staff Committee (COSC)?
    A) Karambir Singh
    B) Bipin Rawat
    C) B.S. Dhanoa
    D) Dalbir Singh Suhag
    
    View answer

    Option C
    Explanation: Air Chief Marshal B.S. Dhanoa is the present chairman of COSC.

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