Current Affairs Quiz 07 August 2019: Based on the Current Affairs and Important News of 07 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 07 August 2019. Most important current affairs questions for 07 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.
- RBI has further reduced the repo rate by how many basis points in its Third Bi-monthly Monetary Policy Meeting, 2019-20?
A) 10 bps
B) 25 bps
C) 35 bps
D) 50 bps
View answer
Option C
Explanation: The Reserve Bank of India in its Third Bi-monthly Monetary Policy Meeting, 2019-20 has reduced the Repo rate by 35 bps to 5.40%.
- Who has topped the Forbes Highest-Paid Female Athletes 2019 list?
A) Serena Williams
B) Simona Halep
C) Naomi Osaka
D) Ashleigh Barty
View answer
Option A
Explanation: Tennis player Serena Williams has topped the Forbes Highest-Paid Female Athletes 2019 list. She has a total earning of $29.2 million. Tennis player Naomi Osaka is on second with an earning of $24.3 million.
- Former External Affairs Minister Sushma Swaraj passed away. She was the first female Chief Minister of which state?
A) Delhi
B) Gujarat
C) Uttar Pradesh
D) Haryana
View answer
Option A
Explanation: Former External Affairs Minister Sushma Swaraj has passed away at the age of 67 years. She was in a critical condition as she was rushed to AIIMS. She was the first female Chief Minister of Delhi.
- The Resource Assistance for Colleges with Excellence (RACE) is a new higher education model launched by which state?
A) Karnataka
B) Madhya Pradesh
C) Rajasthan
D) Maharashtra
View answer
Option C
Explanation: The Rajasthan state government has announced the launch of a new higher education model titled Resource Assistance for Colleges with Excellence (RACE) for sharing of facilities to benefit the colleges facing shortage of faculties and infrastructure. The model was inaugurated by the Minister of State for Higher Education Bhanwar Singh Bhati.
- When is the National Handloom Day observed?
A) August 4
B) August 5
C) August 6
D) August 7
View answer
Option D
Explanation: In India, the National Handloom Day is observed annually on 7 August to honour the handloom weavers in the country and also highlight the contribution of handloom industry to the socioeconomic development of the country and increase income of the weavers. The Union government officially declared August 7 as NHD in July 2015.
- The 5th edition of the “International Army Scout Masters Competition” is being held in which city?
A) Jaisalmer
B) Ahmedabad
C) New Delhi
D) Amritsar
View answer
Option A
Explanation: The fifth edition of the “International Army Scout Masters Competition” began at Jaisalmer military station in Rajasthan, on August 5 and will continue till August 16, 2019. The event is part of the annual International Army Games organised by Russian military. It is for the first time that India is participating in the event.
- What is the current repo rate?
A) 5.75%
B) 5.40%
C) 5.25%
D) 5.15%
View answer
Option B
Explanation: Policy Repo Rate : 5.40%; Reverse Repo Rate : 5.15%; Marginal Standing Facility Rate : 5.65%
- Andhra Pradesh government has launched the ‘Dr YSR Navodayam’ for One-Time Restructuring (OTR) of MSME loans. What is the total outlay of the scheme?
A) Rs 5000 crore
B) Rs 3000 crore
C) Rs 4000 crore
D) Rs 2000 crore
View answer
Option C
Explanation: Andhra Pradesh will launch a scheme named ‘Dr YSR Navodayam’ to support and monitor the implementation of One-Time Restructuring (OTR) of MSME loans. This will improve the credit support for the MSME sector in the state. Andhra Pradesh government has given Rs 4,000 crore for the ‘Dr YSR Navodayam’ scheme.
- Yasin, Balaban and Ghaem are the advanced precision-guided missiles launched by which country recently?
A) Saudi Arabia
B) United Arab Emirates
C) Russia
D) Iran
View answer
Option D
Explanation: The Armed Forces of Iran have unveiled three advanced precision-guided missiles in a move to strengthen its defenses from foreign threats. These includes new line-up of air-to-air missiles known the “Yasin”, “Balaban” and a new series of the “Ghaem”.
- According to the National Council of Applied Economic Research (NCAER), what is the estimated GDP growth of India for 2019-20?
A) 6.9%
B) 6.2%
C) 6.7%
D) 6.6%
View answer
Option B
Explanation: Economic think tank National Council of Applied Economic Research (NCAER) has predicted India’s GDP growth rate for FY20 at 6.2%.
- Who has won the 2019 Miss World Diversity title?
A) Naaz Joshi
B) Sathyasri Sharmila
C) Joyita Mondal
D) Prithika Yashini
View answer
Option A
Explanation: Naaz Joshi, an Indian transsexual woman, created history as she won the beauty pageant Miss World Diversity for the third successive year on August 3 in Port Louis, Mauritius.
- Nick Kyrgios has won 2019 Washington Open Tennis Tournament. He plays for which country?
A) Spain
B) New Zealand
C) Russia
D) Australia
View answer
Option D
Explanation: Australia’s Nick Kyrgios beat third seed Daniil Medvedev of Russia, 7-6 (8-6) 7-6 (7-4), to win the Washington Open 2019 title. It was his sixth ATP title.
- Who has been sworn in as the new Chairman and Managing Director (CMD) of Power Grid?
A) Ghanshyam Prasad
B) Ravi. P. Singh
C) Kandikuppa Sreekant
D) Rajeev Kumar Chauhan
View answer
Option C
Explanation: Kandikuppa Sreekant has taken over as the chairman and managing director (CMD) of state-owned Power Grid Corporation on August 5, 2019.
- Toni Morrison who died recently was the winner of Nobel prize in which field?
A) Literature
B) Peace
C) Economics
D) Physics
View answer
Option A
Explanation: Toni Morrison, renowned American writer and winner of the Nobel Prize in Literature, has passed away. She was 88. Morrison was the first African-American woman to win the Nobel Prize in Literature, in 1993.
- What is the latest projected growth of India’s GDP as per RBI for the fiscal 2019-20?
A) 6.8%
B) 6.9%
C) 7.1%
D) 6.5%
View answer
Option B
Explanation: RBI has decreased the projection of real GDP growth to 6.9 per cent for 2019-20.
- Name the only Indian female player to feature in Forbes List of Highest-Paid Female Athletes 2019
A) Sania Mirza
B) Saina Nehwal
C) Mary Kom
D) P.V. Sindhu
View answer
Option D
Explanation: Indian Badminton Player, P.V. Sindhu is the only player in the list and is ranked at 13th with an earning of $5.5 million.
- What is the projected Wholesale Price Index (WPI) inflation for FY20 as per National Council of Applied Economic Research (NCAER)?
A) 4.1%
B) 3.2%
C) 2.6%
D) 2.9%
View answer
Option C
Explanation: The Wholesale Price Index (WPI) inflation is projected at 2.6 percent.
- What is the current Statutory Liquidity Ratio (SLR)?
A) 19.00%
B) 18.75%
C) 18.25%
D) 19.50%
View answer
Option B
Explanation: Bank Rate : 5.65%; CRR : 4%; SLR : 18.75%
