Current Affairs Quiz 18 April 2020 - Current Affairs Daily MCQ

Current Affairs Quiz 18 April 2020: Based on the Current Affairs and Important News of 18 April 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 18 April 2020. Attempt our daily current affairs quiz on our mobile app too.

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RBI has announced a slash in the Reverse repo rate to bring liquidity in the market. What is the new reverse repo rate?
A) 4.40%
B) 3.75%
C) 4.00%
D) 3.50%

View answer
Option B
Explanation: RBI has slashed the Reverse Repo rate by 25 basis points to 3.75%. The repo rate has been kept unchanged at 4.40%.
Name the mobile app launched by the Ministry of Agriculture & Farmers’ Welfare for the traders and farmers in search of transport vehicles so that they can transport foodgrains and perishables amid lockdown situation?
A) Kisan Rath
B) Krishi Suvidha
C) Kisan Yatra
D) Krishi Marg

View answer
Option A
Explanation: The Union Minister of Agriculture & Farmers’ Welfare, Shri Narendra Singh Tomar launched a mobile application named ‘Kisan Rath’ in New Delhi on 17 April 2020. The app has been developed by the National Informatics Centre (NIC). It will help farmers & traders to search transport vehicles for Primary and Secondary transportation of Agriculture & Horticulture produce.
The International Day for Monuments and Sites is an international observance that takes place on_______
A) 15 April
B) 16 April
C) 17 April
D) 18 April

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Option D
Explanation:The International Day for Monuments and Sites (World Heritage Day) is observed on 18 April each year to promote awareness about the diversity of cultural heritage of humanity, their vulnerability and the efforts required for their protection and conservation. Theme 2020- Shared Cultures, Shared Heritage, Shared Responsibility.
RBI has launched the Targeted Long Term Repo Operation (TLTRO 2.0) to address the liquidity needs of the NBFCs and microfinance institutions. How much amount has been announced for TLTRO 2.0?
A) Rs 75,000 cr
B) Rs 25,000 cr
C) Rs 50,000 cr
D) Rs 1 lakh cr

View answer
Option C
Explanation: RBI has also announced the launch of (Targeted Long Term Repo Operation) TLTRO 2.0 to address the liquidity needs of the NBFCs and microfinance institutions. TLTRO 2.0 will be undertaken in tranches, with an amount of Rs 50,000 crore to begin with. The Banks availing these funds will be required to deploy the same within one month and should be invested in investment grade bonds, commercial paper, and non-convertible debentures of NBFCs with at least 50 percent of the total amount availed going to midsized NBFCs and MFIs
Which state has launched the web portal cghaat to enable home delivery of fruits and vegetables to the residents during the extended lockdown phase?
A) Kerala
B) Chhattisgarh
C) Uttarakhand
D) Haryana

View answer
Option B
Explanation: Chhattisgarh Chief Minister Bhupesh Baghel has inaugurated an online portal named ‘Cghaat’ to provide home delivery of fruits and vegetables to the residents during the extended lockdown phase. The website ‘cghaat.in‘, has been developed by Chhattisgarh government’s agency Chips.
What is the estimated GDP growth of India’s economy for the financial year 2020-21 as predicted by S&P Global Ratings ?
A) 0.2%
B) 3.7%
C) 2.5%
D) 1.8%

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Option D
Explanation: S&P Global Ratings has slashed India growth forecast for the fiscal 2020-21 to 1.8 percent, due to the lockdown to contain Covid-19 pandemic. Earlier in March, it projected a growth of 3.5 percent. The US-based rating agency expects growth to significantly recover to 7.5 percent in 2021-22 fiscal.
RBI has brought down the Liquidity Coverage Ratio (LCR) requirement for all scheduled commercial banks to ________ percent from the present 100 percent
A) 85%
B) 90%
C) 80%
D) 75%

View answer
Option C
Explanation: The Liquidity Coverage Ratio (LCR) requirement of scheduled commercial banks has been brought down from 100 percent to 80 percent with immediate effect. This will help banks to have more capitals to deploy in the market. This requirement shall be gradually restored back in two phases, i.e. 90 percent by October 1, 2020 and 100 percent by April 1, 2021.
The autonomous device ‘WardBot’ has been designed by the researchers of which institution to deliver medicines and food to COVID-19 patients?
A) Indian Institute of Technology (IIT), Ropar
B) Indian Institute of Technology (IIT), Kharagpur
C) Indian Institute of Technology (IIT), Kanpur
D) Indian Institute of Technology (IIT), Guwahati

View answer
Option A
Explanation: A team of researchers at the Indian Institute of Technology (IIT), Ropar in Rupnagar district of Punjab has designed an autonomous robot ‘WardBot’ to deliver medicines and food to COVID-19 patients in isolation wards without human intervention.
R V Bhuskute, who passed away recently was a great ________
A) Mountaineer
B) Freedom fighter
C) Journalist
D) Sitar Player

View answer
Option B
Explanation:Freedom fighter R V Bhuskute, who had participated in the Quit India Movement, has passed away of prolonged illness. He was 94. Hailing from Maharashtra’s Raigadh district, Bhuskute has also written several books on land laws.
RBI has announced enhanced limit of ways and means advances (WMA) of _________ percent over and above the level as on March 31, 2020
A) 60%
B) 40%
C) 50%
D) 30%

View answer
Option A
Explanation: The ways and means advances (WMA) limit has been increased by 60 per cent over and above the level as on March 31, 2020. This increased limit will be available till September 30, 2020.
The Laver Cup was scheduled to be held in September 2020, but has now been postponed for September 2021. Laver Cup is related to which sports?
A) Chess
B) Badminton
C) Golf
D) Tennis

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Option D
Explanation: The fourth edition of the Laver Cup has been postponed from September 2020 to 2021 due to schedule conflicts with other tennis events caused by the coronavirus pandemic. The tournament was originally scheduled to be held from Sep 25-27 in 2020 in Boston.
Saharai Oram was a veteran tribal leader and former minister of which state?
A) Maharashtra
B) Odisha
C) Goa
D) Jharkhand

View answer
Option B
Explanation:Tribal leader and former Odisha Minister Saharai Oram passed away at Barbil in Keonjhar district following a prolonged illness. He was 78.
When is the World Voice Day celebrated globally?
A) 16 April
B) 18 April
C) 15 April
D) 17 April

View answer
Option A
Explanation: The World Voice Day (WVD) is celebrated globally on April 16 every year to demonstrate the enormous importance of the voice in the daily lives of all people.The theme of 2020 is FOCUS ON YOUR VOICE.
Under the TLTRO 2.0, scheme, banks availing these funds will be required to invest atleast _______ percent of the total amount for midsized NBFCs and MFIs
A) 60%
B) 30%
C) 40%
D) 50%

View answer
Option D
Explanation: The Banks availing these funds will be required to deploy the same within one month and should be invested in investment grade bonds, commercial paper, and non-convertible debentures of NBFCs with at least 50 percent of the total amount availed going to midsized NBFCs and MFIs
S&P Global Ratings has predicted Indian economy to grow at ______ percent in FY22
A) 4.5%
B) 6.5%
C) 7.5%
D) 5.5%

View answer
Option C
Explanation: The US-based rating agency expects growth to significantly recover to 7.5 percent in 2021-22 fiscal.

Current Affairs Quiz – 18 April 2020

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