Current Affairs Quiz 19 April 2020 - Current Affairs Daily MCQ

Current Affairs Quiz 19 April 2020: Based on the Current Affairs and Important News of 19 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 19 April 2020. Attempt our daily current affairs quiz on our mobile app too.

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Ministry of Finance has amended the Credit Guarantee Fund for Micro Units (CGFMU) scheme to increase the coverage of lender’s loan loss. What is the new coverage limit?
A) 65%
B) 85%
C) 55%
D) 75%

View answer
Option D
Explanation: The Ministry of Finance has announced amendment in Credit Guarantee Fund for Micro Units (CGFMU) scheme, which covers micro loans up to Rs 10 lakh extended under the Pradhan Mantri Mudra Yojana. The government has announced an increase in coverage of lender’s loss in case of loan default under the CGFMU scheme to 75% from 50% earlier to incentivise lending to micro businesses and support them during the coronavirus outbreak.k and the ensuing nationwide lockdown.
Who is the author of the book “Shuttling to the Top: The Story of P.V. Sindhu”?
A) Jatin Sapru
B) Nalin Mehta
C) Sambit Bal
D) V. Krishnaswamy

View answer
Option D
Explanation: The book titled “Shuttling to the Top: The Story of P.V. Sindhu”, written by sports journalist V. Krishnaswamy, was released on 13 April 2020. The book narrates the journey of badminton player PV Sindhu, from her early life to becoming a world champion, and what lies ahead.
The Sree Chitra Tirunal Institute for Medical Science and Technology has developed a low cost diagnostic test kit ‘Chitra GeneLAMP-N’ that can confirm COVID-19 cases in just two hours. The institute is located in which state of India?
A) Karnataka
B) Kerala
C) Tamil Nadu
D) Telangana

View answer
Option B
Explanation: Trivandrum, Kerala-based Sree Chitra Tirunal Institute for Medical Science and Technology has developed a low cost diagnostic test kit that can confirm COVID-19 cases in just two hours. The test kit has been named Chitra GeneLAMP-N. The diagnostic test kit can detect coronavirus in 10 minutes, and the ‘sample to result’ (from RNA extraction in swab to RT-LAMP detection time) time take less than two hours.
How much amount has been announced by the government for the Postal employees including Gramin Dak Sevaks (GDS) as compensation in case they succumb to COVID-19 while on duty?
A) Rs 10 lakh
B) Rs 5 lakh
C) Rs 20 lakh
D) Rs 15 lakh

View answer
Option A
Explanation: The Central Government has decided to provide a compensation of Rs 10 lakh each to all Postal employees including Gramin Dak Sevaks (GDS) who gets infected with COVID-19 while on duty. The guidelines will come into effect immediately (15 April 2020) and continue for the entire period till the crises of COVID-19 is over.
Researchers at Centre for Nano and Soft Matter Sciences (CeNS) have developed face mask ‘TriboE Mask’ which uses electric charges to restrict the entry of infections and that too without any external power. CeNS is based in which city?
A) Chennai
B) Bengaluru
C) Kochi
D) Hyderabad

View answer
Option B
Explanation: A team of researchers at the Centre for Nano and Soft Matter Sciences (CeNS), Bangalore, an autonomous institute of the Department of Science and Technology (DST), have developed a unique face masks, called TriboE Mask. The interesting thing about this mask is that it can hold electric charges to restrict the entry of infections and that too without any external power.
Which state government has launched the mobile app ‘Assess Koro Na’ for door-to-door survey in COVID-19 containment zones?
A) Gujarat
B) Odisha
C) Delhi
D) Haryana

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Option C
Explanation: The Delhi government has launched a mobile app named ‘Assess Koro Na’ for door-to-door survey in COVID-19 containment zones to speed up decision-making by analysing real-time data of a person, in the efforts to contain the virus.
Which instution has developed an online platform ‘COVID-FYI’ for accessing emergency services related to coronavirus provided from official government sources?
A) Indian Institute of Technology Bombay
B) Indian Institute of Science Bengaluru
C) Indian Institute of Technology Kanpur
D) Indian Institute of Management Kozhikode

View answer
Option D
Explanation: An international team of researchers led by an Indian Institute of Management Kozhikode student has developed a one-stop COVID-19 platform, covidfyi.in , for accessing emergency services related to coronavirus, from official government sources. The website will act as a one-stop digital directory for all COVID19 related services and help to bring the right information to the right people.
The Credit Guarantee Fund for Micro Units (CGFMU) scheme covers micro loans up to ________ extended under Pradhan Mantri Mudra Yojana
A) Rs 12 lakh
B) Rs 10 lakh
C) Rs 15 lakh
D) Rs 20 lakh

View answer
Option B
Explanation: The Credit Guarantee Fund for Micro Units (CGFMU) scheme, which covers micro loans up to Rs 10 lakh extended under the Pradhan Mantri Mudra Yojana, was set up in April 2016 with the purpose of guaranteeing payment against default in Micro Loans extended to eligible borrowers by Banks/ NBFCs/ MFIs/ Other Financial Intermediaries. The Govt. of India, through Ministry, of Finance settles the loan default with the help of National Credit Guarantee Trustee Company Ltd (NCGTC).
Government has announced the inclusion of loans to SHGs to be covered under Credit Guarantee Fund for Micro Units (CGFMU) scheme. What is the maximum amount that will be covered under this scheme for SHGs?
A) Rs 20 lakh
B) Rs 30 lakh
C) Rs 10 lakh
D) Rs 25 lakh

View answer
Option A
Explanation: The scheme has included the loans to SHGs. Loans between Rs 10 lakh and Rs 20 lakh sanctioned to SHGs in 2020-21 will be covered under CGFMU scheme.

Current Affairs Quiz – 19 April 2020

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