Current Affairs Quiz: August 10, 2020

Current Affairs 10 August 2020 Quiz

Read our Current Affairs and Newspaper Quiz daily to excel in General Awareness section of upcoming Competitive Exams.
Quiz from Current Affairs 9 August 2020 of A2Z – Click Here to Read Current Affairs of August 9, 2020

  1. Where did PM Narendra Modi inaugurated Rashtriya Swachhata Kendra, an interactive experience centre on the Swachh Bharat Mission?
    A) New Delhi
    B) Mumbai
    C) Jodhpur
    D) Indore
    View Answer
    Option A
    Explanation:

    Prime Minister Narendra Modi inaugurated Rashtriya Swachhata Kendra in Delhi, an interactive experience centre on the Swachh Bharat Mission. The Rashtriya Swachhata Kendra is a tribute to Mahatma Gandhi and it was first announced by the Prime Minister on 10th April 2017, on the occasion of the centenary celebrations of Gandhiji’s Champaran Satyagraha.
  2. Prime Minister Narendra Modi launched financing facility worth how much amount under the Agriculture Infrastructure Fund?
    A) Rs. 5 lakh crore
    B) Rs. 1 lakh crore
    C) Rs. 6 lakh crore
    D) Rs. 3 lakh crore
    View Answer
    Option B
    Explanation:

    Prime Minister Narendra Modi launched the financing facility of 1 lakh crore rupees under the Agriculture Infrastructure Fund. He also released the sixth instalment of funds of 17 thousand crore rupees to 8.5 crore farmers under the PM-KISAN scheme.
  3. Which state launched Growth in Dispersion (GRID) Policy to give incentives to IT companies that will set up their units?
    A) Mizoram
    B) Odisha
    C) Telangana
    D) Jammu and Kashmir
    View Answer
    Option C
    Explanation:

    Telangana Cabinet has sanctioned approval for the Growth in Dispersion (GRID) Policy to give incentives to IT companies that will set up their units.
  4. Which of the following has launched a business intelligence and analytics enabled omni-channel multi-branded loyalty platform, nth Rewards?
    A) NITI Aayog
    B) Atal Innovation Technical Centre
    C) Competition Commission of India
    D) National Payment Corporation of India
    View Answer
    Option D
    Explanation:

    National Payment Corporation of India (NPCI) has launched a business intelligence and analytics enabled omni-channel multi-branded loyalty platform, nth Rewards. It will allow users to earn points through various bank transactions and redeem them on various products, such as e-vouchers, donations, hotel and flight bookings.
  5. The central government approved the appointment of whom to head United Nations (UN) crisis response team to prevent non-communicable diseases in 90 countries around the world?
    A) Praveen Pardeshi
    B) Sumit Koushik
    C) Rohit Nangia
    D) Rishabh Saxena
    View Answer
    Option A
    Explanation:

    Praveen Pardeshi will lead the United Nations’ efforts to prevent non-communicable diseases in 90 countries around the world. The Centre formally approved the former BM commissioner’s UN posting.
  6. Which of the following has partnered with Gavi and the Bill & Melinda Gates Foundation to accelerate manufacture, delivery of Covid19 vaccines for India?
    A) Biocon
    B) Serum Institute of India
    C) Panacea Biotec Limited
    D) Bharat Serums and Vaccines Limited
    View Answer
    Option B
    Explanation:

    Serum Institute of India has entered into a new landmark partnership with Gavi and the Bill & Melinda Gates Foundation to accelerate the production of up to 100 million doses of COVID-19 vaccines for India and other low and middle income countries.
  7. In August 2020, which bank got an in-principle approval for setting up a wholly owned non-financial subsidiary?
    A) Kotak Mahindra Bank
    B) Karur Vyasya Bank
    C) Federal Bank
    D) South Indian Bank
    View Answer
    Option D
    Explanation:

    Private sector lender South Indian Bank (SIB) announced that the RBI has given an in-principle approval for setting up a wholly owned non-financial subsidiary for undertaking activities permitted by RBI.
  8. Which bank partnered collaborated with InstaReM to streamline and improve outward remittance experience for resident Indian customers?
    A) Doha Bank
    B) SBM Bank
    C) Deutsche Bank
    D) Standard Chartered Bank
    View Answer
    Option B
    Explanation:

    SBM Bank India announced a new collaboration to streamline and improve outward remittance experience for resident Indian customers. The Bank partnered with InstaReM, the consumer and SME brand under global fintech platform Nium, to improve existing outbound remittance service offerings from India, including introduction of new remittance corridors, increased frequency of transactions for Outbound Transactions and enhanced delivery timings for transfers.
  9. The Reserve Bank of India (RBI) has extended the existing debt restructuring scheme for stressed micro, small and medium enterprises (MSMEs) till when?
    A) May 31, 2021
    B) March 31, 2022
    C) March 31, 2021
    D) May 31, 2022
    View Answer
    Option C
    Explanation:

    The Reserve Bank of India (RBI) extended the existing debt restructuring scheme for stressed micro, small and medium enterprises (MSMEs) by three months to March 31, 2021, in view of the distress brought upon by the Covid outbreak. The central bank also changed the cutoff date for MSMEs to become standard accounts in order to be eligible under the scheme to March 1, 2020 from January 1, 2020.
  10. The Reserve Bank of India (RBI) has enhanced the amount of loan that banks can give against the pledge of gold ornaments and jewellery for non-agricultural purposes from 75 per cent of the value of gold pledged to what per cent?
    A) 90%
    B) 95%
    C) 80%
    D) 85%
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India (RBI) has enhanced the amount of loan that banks can give against the pledge of gold ornaments and jewellery for non-agricultural purposes from 75 per cent of the value of gold pledged to 90 per cent. It will be applicable till March 2021; move aimed to address Covid-led disruptions.
  11. India’s foreign exchange reserves reached all time high of how much amount in the week ended 31st July 2020?
    A) $582.892 billion
    B) $505.276 billion
    C) $534.568 billion
    D) $576.092 billion
    View Answer
    Option C
    Explanation:

    India’s foreign exchange reserves have surged by a massive 11.938 billion dollars to reach a new all-time high of 534.568 billion dollars in the week ended 31st July 2020.
  12. The Board of Control for Cricket in India (BCCI) has suspended the title sponsorship deal with Chinese mobile phone company Vivo for upcoming edition of IPL. The title sponsorship was going to end in which year?
    A) 2022
    B) 2023
    C) 2021
    D) 2024
    View Answer
    Option A
    Explanation:

    The Board of Control for Cricket in India (BCCI) has suspended the title sponsorship deal with Chinese mobile phone company Vivo for the upcoming edition of the Indian Premier League. VIVO had won the IPL title sponsorship for five years from 2018 to 2022 for a reported sum of 2190 crore rupees.
  13. Which of the following appointed Harsh Kumar Bhanwala as its Executive Chairman?
    A) Motilal Oswal Group
    B) Muthoot Finance
    C) Eko India Financial Services
    D) Capital India Finance Ltd
    View Answer
    Option D
    Explanation:

    Financial services platform Capital India Finance Ltd announced the appointment of former head of NABARD, Harsh Kumar Bhanwala, as Executive Chairman.
  14. Politician Shyamal Chakraborty passed away recently. He was the former minister of which state?
    A) Madhya Pradesh
    B) West Bengal
    C) Uttar Pradesh
    D) Odisha
    View Answer
    Option B
    Explanation:

    Veteran CPIM leader and former West Bengal Minister Shyamal Chakraborty passed away due to Corona infection in Kolkata.
  15. American Doris Buffett who passed away recently was a great _________________.
    A) Philanthropist
    B) Educationist
    C) Mathematician
    D) Physicist
    View Answer
    Option A
    Explanation:

    Doris Buffett, a self-styled retail philanthropist who once declared that her billionaire younger brother, Warren Buffett, “loves to make money and I love to give it away,” has passed away. She was 92.

STATIC GK BASED ON CURRENT AFFAIRS

  1. Where is the HQ of National Payments Corporation of India located?
    A) New Delhi
    B) Noida
    C) Pune
    D) Mumbai
    View Answer
    Option D
    Explanation:

  2. Where is the HQ of Serum Institute of India located?
    A) Pune
    B) Bengaluru
    C) Hyderabad
    D) Cuttack
    View Answer
    Option A
  3. Where is the HQ of South Indian Bank located?
    A) Kochi
    B) Thrissur
    C) Chennai
    D) Thrivananthapuram
    View Answer
    Option B

  4. Where is the HQ of SBM Bank located?
    A) Male
    B) Port Louis
    C) Nairobi
    D) Bali
    View Answer
    Option B
    Explanation:

    State Bank of Mauritius
  5. Where is the HQ of Board of Control for Cricket in India located?
    A) Mumbai
    B) New Delhi
    C) Kolkata
    D) Hisar
    View Answer
    Option A
    Explanation:

  6. Where is the HQ of Capital India Finance Ltd located?
    A) Nasik
    B) New Delhi
    C) Mumbai
    D) Gurugram
    View Answer
    Option C
    Explanation:

Related posts