Click Here for Daily Current Affairs Quiz Click Here For Daily Current Affair

Current Affairs Quiz – 28 March 2020

Current Affairs Quiz 28 March 2020: Based on the Current Affairs and Important News of 28 March 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 28 March 2020. Attempt our daily current affairs quiz on our mobile app too.

Read Current Affairs for 28 March 2020: Click Here

  1. What is the current repo rate as per the seventh Bi-monthly Monetary Policy Statement, 2019-20?
    A) 4.15%
    B) 4.65%
    C) 4.00%
    D) 4.40%
    View answer
    Option D
    Explanation:
    As per the Seventh Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC) it has been decided to cut Repo Rate by 75bps to 4.40% from earlier 5.15%.
  2. What is the projected GDP growth rate of India for FY’21 as per CRISIL?
    A) 4.1%
    B) 5.2%
    C) 3.5%
    D) 2.3%
    View answer
    Option C
    Explanation:
    CRISIL has slashed the gross domestic product (GDP) growth forecast for FY2021 (2020-21) to 3.5% from 5.2% expected earlier.
  3. Which city in India is the first to make use of drone for sprinkling chemicals to sanitize city areas against the coronavirus pandemic?
    A) Indore
    B) Ranchi
    C) Bengaluru
    D) Ambikapur
    View answer
    Option A
    Explanation: 
    Indore, the cleanest city of India in Madhya Pradesh, has deployed drones to sanitize city areas against the coronavirus outbreak. This makes Indore as the first city in the country to attempt to fight off the virus scare this way. The initiative is a first-of-its kind attempt by which crowded areas are sanitised with the help of drones sprinkling chemicals. The Indore Municipal Corporation has hired two drones for this purpose. 
  4. The USD 2 billion Global Humanitarian Response Plan (HRP) to fight COVID-19 has been launched by which organisation?
    A) World Economic Forum
    B) United Nations
    C) World Bank
    D) International Monetary Fund
    View answer
    Option B
    Explanation:
    United Nations Secretary-General António Guterres has launched a US$2.012 billion coordinated COVID-19 Global Humanitarian Response Plan (HRP) to fight COVID-19 in some of the world’s most vulnerable countries. The Global HRP has been launched for a period of nine months (April–December 2020)
  5. SIDBI has launched the Sidbi Assistance to Facilitate Emergency (SAFE) loan facility for micro and small enterprises (MSEs) which are manufacturing medical supplies for fighting the novel coronavirus (COVID-19). What is the maximum amount of loan that can be availed under the new scheme?
    A) Rs 70 lakh
    B) Rs 25 lakh
    C) Rs 50 lakh
    D) Rs 45 lakh
    View answer
    Option C
    Explanation: 
    Small Industries Development Bank of India (SIDBI) will provide loans up to Rs 50 lakh to micro and small enterprises (MSEs) that are manufacturing medical supplies for fighting the novel coronavirus (COVID-19). The Sidbi Assistance to Facilitate Emergency (SAFE) will offer loans to MSEs at a fixed interest rate of 5%and with a maximum loan repayment tenure of five years.
  6. Rajyogini Dadi Janki who passed away at the age of 104 recently was the chief of which organisation?
    A) Brahmakumaris Sansthan
    B) Isha Foundation
    C) Ramakrishna Mission
    D) ISKCON
    View answer
    Option A
    Explanation:
    Rajyogini Dadi Janki, the chief of Brahma Kumaris Sansthan, the world’s largest spiritual organisation run by women, has passed away after prolonged illness. She was 104.
  7. For the Calender year 2020, what is the estimated growth rate of Indian economy, as projected by Moody’s?
    A) 5.3%
    B) 4.1%
    C) 3.7%
    D) 2.5%
    View answer
    Option D
    Explanation: 
    Moody’s Investors Service has reduced its estimate of India’s GDP growth during Calendar Year 2020 to 2.5%, from an earlier estimate of 5.3%. Moody’s maintained its estimate of 5.8% growth for India in 2021.
  8. Which among the following companies has acquired the government’s stake in THDC, NEEPCO at Rs 11,500 cr?
    A) ONGC
    B) NTPC
    C) BHEL
    D) IOCL
    View answer
    Option B
    Explanation:
    NTPC concludes acquisition of govt’s stake in THDC, NEEPCO at Rs 11,500 cr
  9. What was the profession of Satish Gujral who died recently?
    A) Artist
    B) Sportsman
    C) Scientist
    D) Journalist
    View answer
    Option A
    Explanation: 
    Indian artist, architect, sculptor and writer Satish Gujral passed away at the age of 94. He held exhibitions across the world and later also became a famous architect, designing the Belgium Embassy in New Delhi. He wrote his autobiography “A Brush With Life”.
  10. What is the new limit at which banks can borrow loan from RBI under MSF?
    A) 4% of NDTL
    B) 1% of NDTL
    C) 2% of NDTL
    D) 3% of NDTL
    View answer
    Option D
    Explanation: Under the marginal standing facility (MSF), banks can borrow overnight at their discretion by dipping up to 2 per cent into the Statutory Liquidity Ratio (SLR). This limit has now been increased to 3% from 2%.
  11. How much amount has been pledged by the G20 nations at Extraordinary Virtual G20 Leaders’ Summit to inject into the global economy to counter the social and economic impact of COVID-19?
    A) USD 4 trillion
    B) USD 2 trillion
    C) USD 5 trillion
    D) USD 3 trillion
    View answer
    Option C
    Explanation: 
    An Extraordinary Virtual G20 Leaders’ Summit was held on 26 March 2020 to discuss the challenges posed by the outbreak of the COVID-19 pandemic and ways to move forward in coordinating global efforts to combat the Corona crisis. The Video Summit was chaired by Saudi Arabia. Indian delegation was led by Prime Minister Narendra Modi. G20 countries committed to inject over USD 5 trillion into the global economy to counter the social and economic impact of COVID-19.
  12. Nemai Ghosh who passed away was a wellknown ___________
    A) Mountaineer
    B) Photographer
    C) Agriculturist
    D) Economist
    View answer
    Option B
    Explanation:
    Noted Indian photographer Nemai Ghosh, mostly known for working with filmmaker Satyajit Ray as a still photographer, passed away suffering from age-related ailments.
  13. ICRA has predicted the GDP growth for India for the fiscal year 2020-21 at_______ percent
    A) 2%
    B) 4%
    C) 3%
    D) 5%
    View answer
    Option A
    Explanation: 
    Rating agency ICRA has predicted the GDP Growth rate for India in 2020-21 (FY21) at 2% due to the coronavirus impact. For FY20, ICRA had predicted the GDP growth rate for India at 5%.
  14. RBI has reduced the minimum 90% daily CRR balance requirement to be maintained by banks keeping COVID-19 in mind. This one time facility has been reduced to _______ percent till June 26 2020.
    A) 50%
    B) 60%
    C) 70%
    D) 80%
    View answer
    Option D
    Explanation: The requirement of a minimum 90% daily CRR balance has been reduced to 80% effective from fortnight beginning March 28, 2020. This is a one-time facility available upto June 26, 2020.
  15. Identify the wrong option:
    A) Reverse Repo Rate- 4.00%
    B) MSF- 4.65%
    C) CRR- 4%
    D) Bank Rate- 4.65%
    View answer
    Option C
    Explanation: 
    Reverse Repo Rate has been cut by 90 bps from 4.90% to 4.00%. MSF and Bank rate stands at 25bps above Repo Rate at -> 4.65%  and Cash Reserve Ratio has been cut by 100 bps to 3%. 

Click Here For Daily Current Affairs

Click Here for Daily Current Affairs Quiz

Leave a Comment

Your email address will not be published. Required fields are marked *