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Current Affairs Quiz – 19 & 20 March 2022

Current Affairs Quiz 19 & 20 March 2022: This post contains Questions/Quiz based on the Current Affairs and Important News of 19 & 20 March 2022. These questions have been framed keeping in mind the pattern of banking and competitive exams and hence this current affairs quiz will be helpful for upcoming competitive exams. Give our online current affairs test every day to be prepared for all Current Affairs competitive exams

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  1. As defined by the Reserve Bank of India a microfinance loan is a collateral-free loan given to a household having an annual household income up to ___________ .
    A) Rs. 2 Lakh

    B) Rs. 4 Lakh
    C) Rs. 3 Lakh
    D) Rs. 5 Lakh
    View answer
      Option C
    Explanation: A microfinance loan is defined as a collateral-free loan given to a household having an annual household income up to Rs. 3,00,000.
  2. What is the upper limit of an UPI Lite payment transaction?
    A) Rs 100

    B) Rs 200
    C) Rs 500
    D) Rs 2000
    View answer
      Option B
    Explanation: The upper limit of a UPI Lite payment transaction shall be Rs. 200 .The total limit of UPI Lite balance for an “On-device wallet” shall be Rs. 2,000 at any point of time.
  3. The maximum limit on microfinance loans for NBFCs other than NBFC-MFIs has been revised to _____ of the total assets.
    A) 25 per cent

    B) 50 per cent
    C) 75 per cent
    D) 10 per cent
    View answer
    Option A
    Explanation: The maximum limit on microfinance loans for NBFCs other than NBFC-MFIs has been revised to 25 per cent of the total assets.
  4. What is the total limit of UPI Lite balance for an “On-device wallet”?
    A) Rs 1000

    B) Rs 2000
    C) Rs 5000
    D) Rs 6000
    View answer
    Option B
    Explanation: The upper limit of a UPI Lite payment transaction shall be Rs. 200 .The total limit of UPI Lite balance for an “On-device wallet” shall be Rs. 2,000 at any point of time.
  5. The minimum requirement of microfinance loans for NBFC-MFIs has been revised to ________ of the total assets.
    A) 10 per cent

    B) 25 per cent
    C) 50 percent
    D) 75 per cent
    View answer
    Option D
    Explanation: The minimum requirement of microfinance loans for NBFC-MFIs has been revised to 75 per cent of the total assets.
  6. UPI Lite facility has been launched by?
    A) RBI

    B) NPCI
    C) SBI
    D) NIPL
    View answer
    Option B
    Explanation: National Payments Corporation of India (NPCI) designed the “UPI Lite – On-Device wallet” (“UPI Lite”) functionality for UPI user for small value transactions.
  7. What is India’s rank in the United Nations’ World Happiness Report for the year 2022?
    A) 139

    B) 136
    C) 137
    D) 134
    View answer
    Option B
    Explanation: 2022 UN World Happiness Report: India Ranks 136th; Finland tops for 5th straight year
  8. Which of the following country is not placed in top 5 of the United Nations’ World Happiness Report for the year 2022?
    A) Norway

    B) Denmark
    C) Iceland
    D) Switzerland
    View answer
    Option A
    Explanation: Top 5 are: 1. Finland; 2. Denmark; 3. Iceland; 4. Switzerland; 5. The Netherlands
  9. Which organization has launched the military drill ‘Cold Response 2022’?
    A) Association of South East Nations

    B) United Nations Institute for Disarmament Research
    C) North Atlantic Treaty Organisation
    D) International Development Association
    View answer
    Option C
    Explanation: NATO Begins military exercise ‘Cold Response 2022’ in Norway
  10. Rajesh Gopinathan is the Managing Director (MD) and Chief Executive Officer (CEO) of which company?
    A) IBM

    B) TCS
    C) Infosys
    D) Wipro
    View answer
    Option B
    Explanation: Rajesh Gopinathan re-appointed as MD and CEO of TCS for five years
  11. The NATO has organised the military drill named ‘Cold Response 2022’ in which place?
    A) Norway

    B) Netherlands
    C) Poland
    D) Portugal
    View answer
    Option A
    Explanation: Norway
  12. Recently the National Mineral Development Corporation Ltd. (NMDC) has become the first CPSE in India to conduct Drone-based Geophysical Surveys and Hyperspectral Studies for Mineral Exploration in the country. For this NMDC has signed MoU with which insititute?
    A) IIT Bombay

    B) IIT Madras
    C) IIT Kanpur
    D) IIT Kharagpur
    View answer
    Option D
    Explanation: NMDC Sign MoU with IIT Kharagpur for drone-based mineral exploration
  13. The Central Reserve Police Force (CRPF) celebrated which edition of its raising day on March 19, 2022?
    A) 82

    B) 84
    C) 83
    D) 85
    View answer
    Option C
    Explanation: The Central Reserve Police Force (CRPF) celebrated its 83rd Raising Day with zeal and ceremonial fervour on 19 March 2022.
  14. RBI Innovation Hub (RBIH) has recently signed MoU with Incubation Cell of which institute to work together in developing the ecosystem necessary to support and scale fintech startups in India?
    A) IIT Madras

    B) IIT Kanpur
    C) IISc Bengaluru
    D) IIT Bombay
    View answer
    Option A
    Explanation: RBI Innovation Hub (RBIH) and IIT Madras Incubation Cell (IITMIC) have signed an MoU to work together in developing the ecosystem necessary to support and scale fintech startups in India.
  15. Who is the President of Asian Cricket Council?
    A) Rahul Johri

    B) Amitabh Choudhary
    C) Pankaj Khimji
    D) Jay Shah
    View answer
    Option D
    Explanation: Jay Shah’s term as President of Asian Cricket Council extended by one year
  16. When is International Day of Happiness celebrated every year?
    A) 19 March

    B) 18 March
    C) 21 March
    D) 20 March
    View answer
    Option D
    Explanation: Every year the International Day of Happiness is celebrated on March 20. The day aims to promote happiness as a fundamental human right for all human beings across the world. The theme for 2022 International Day of Happiness campaign is ‘Build Back Happier’.
  17. When is World Sparrow Day celebrated every year?
    A) 18 March

    B) 21 March
    C) 20 March
    D) 19 March
    View answer
    Option C
    Explanation: World Sparrow Day is celebrated every year on March 20. Theme of 2022 World Sparrow Day “LOVE Sparrows”
  18. When is the World Frog Day celebrated?
    A) 21 March

    B) 20 March
    C) 19 March
    D) 18 March
    View answer
    Option B
    Explanation: The World Frog Day is observed annually on March 20.
  19. The United Nations has how many official languages?
    A) 5

    B) 6
    C) 7
    D) 8
    View answer
    Option B
    Explanation: There are six official languages of the UN. These are Arabic, Chinese, English, French, Russian and Spanish.
  20. When is the UN French Language Day observed?
    A) 19 March

    B) 20 March
    C) 18 March
    D) 21 March
    View answer
    Option B
    Explanation: The UN French Language Day is observed annually on 20 March. The day was established by UN’s Department of Public Information in 2010. It is one of the six official languages used throughout the Organization, and aims to celebrate multilingualism and cultural diversity as well as promote equal use of all.
  21. When is the World Day of Theatre for Children and Young People celebrated?
    A) 19 March

    B) 20 March
    C) 21 March
    D) 18 March
    View answer
    Option B
    Explanation: The World Day of Theatre for Children and Young People is celebrated all over the world on March 20.
  22. When is the World Oral Health Day celebrated?
    A) 20 March

    B) 19 March
    C) 17 March
    D) 15 March
    View answer
    Option A
    Explanation: The World Oral Health Day is marked every year on March 20. The theme for World Oral Health Day 2021-2023 is: Be Proud Of Your Mouth.

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