Current Affairs Quiz: August 14, 2020

Current Affairs 14 August 2020 Quiz

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Quiz from Current Affairs 13 August 2020 of A2Z – Click Here to Read Current Affairs of August 13, 2020

  1. Who launched a platform, called “Transparent Taxation Honoring the Honest”, which, he/she said will strengthen efforts of “reforming and simplifying our tax system”?
    A) Nirmala Sitharaman
    B) Nitin Gadkari
    C) Amit Shah
    D) Narendra Modi
    View Answer
    Option D
    Explanation:

    Prime Minister Narendra Modi launched the platform for ‘Transparent Taxation — Honoring the Honest’ as the government goes ahead with its tax reform journey. The platform is aimed to honor India’s taxpayers who have been sincere with taxes.
  2. How much amount was released the central government as the fifth equated monthly instalment of the Post Devolution Revenue Deficit Grant to 14 states in August 2020?
    A) Rs 5,875 crore
    B) Rs 6,195 crore
    C) Rs 3,055 crore
    D) Rs 4,565 crore
    View Answer
    Option B
    Explanation:

    The Centre released Rs 6,195 crore to 14 states as monthly instalment as the fifth equated monthly instalment of the Post Devolution Revenue Deficit Grant as recommended by the 15th Finance Commission.
  3. Within 41 days of the launch of the PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) scheme, how many number of loans were being sanctioned under the scheme?
    A) 1 lakh
    B) 5 lakhs
    C) 3 lakhs
    D) 7 lakhs
    View Answer
    Option A
    Explanation:

    The number of applications received under PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) scheme has crossed the five lakh mark within 41 days of commencement of lending process.
    The number of loans sanctioned under the scheme has crossed 1 lakh
  4. A microwave device named ‘Atulya’ that can disinfect any premises in just 30 seconds, disintegrating COVID-19 virus can be used to disinfect up to how much area?
    A) 2 m
    B) 5 m
    C) 6 m
    D) 3 m
    View Answer
    Option B
    Explanation:

    A microwave device named ‘Atulya’ that can disinfect any premises in just 30 seconds, disintegrating COVID-19 virus was unveiled by Union Minister for Road Transport and Highways and Micro, Small and Medium Enterprises Nitin Gadkari in Nagpur.
    The ‘Atulya’ microwave like device can be used to disinfect any premises up to five metres area, besides surface areas, home and office furniture, beds, new boxes and even the contents of the boxes.
  5. Which state government launched Nutritional Immunity Boosting ‘Him Haldi Dudh(Turmeric Latte)’ manufactured by MILKFED?
    A) Uttar Pradesh
    B) Haryana
    C) Punjab
    D) Himachal Pradesh
    View Answer
    Option D
    Explanation:

    Himachal Pradesh state government launched Nutritional Immunity Boosting ‘Him Haldi Dudh(Turmeric Latte)’ manufactured by MILKFED.
    Him Haldi Dudh has been developed by the Bio Technology Department of Punjabi University Patiala and has been patented.
  6. Where will the leading helmet manufacturing company Studds Accessories commission Asia’s largest Helmet Manufacturing Plant?
    A) Hisar
    B) Gurugram
    C) Faridabad
    D) Ambala
    View Answer
    Option C
    Explanation:

    Leading helmet manufacturing company Studds Accessories said it has commissioned two new facilities at Faridabad in Haryana entailing a total investment of Rs 200 crore.
  7. Which area in Mumbai, Maharashtra has become the first in India to have women symbols on traffic signals and signage?
    A) Bandra
    B) Colaba
    C) Govandi
    D) Dadar
    View Answer
    Option D
    Explanation:

    Mumbai’s Dadar has become the first city in India to have women symbols on traffic signals and signage.
  8. Which state government launched Mukhya Mantri Kisan Sahay Yojana to replace the Pradhan Mantri Fasal Bima?
    A) Madhya Pradesh
    B) Bihar
    C) Gujarat
    D) Andhra Pradesh
    View Answer
    Option C
    Explanation:

    The Gujarat government launched a new scheme under which farmers facing crop losses due to drought, excess or unseasonal rain will get compensation without collection of any premium from them.
  9. Which state government decided to ink an MoU with Small Industrial Development Bank of India (SIDBI) to create newer avenues and growth opportunities for MSME units in the State?
    A) Rajasthan
    B) Uttar Pradesh
    C) Haryana
    D) Jharkhand
    View Answer
    Option A
    Explanation:

    The Rajasthan government and the Small Industrial Development Bank of India (SIDBI) will soon ink an agreement to create newer avenues and growth opportunities for MSME units in the State.
  10. Which of the following institutes has developed indigenous seed balls named BEEG (Bio -compost Enriched Eco-friendly Globule)?
    A) IIT Madras
    B) IIT Kanpur
    C) IIT Kharagpur
    D) IIT Bombay
    View Answer
    Option B
    Explanation:

    In Uttar Pradesh, IIT Kanpur has developed indigenous seed balls named BEEG (Bio -compost Enriched Eco-friendly Globule) which will help people and farmers in plantation with safety in Corona times and will also provide employment to people.
  11. Name the aerospace startup in India which has successfully test fired an upper-stage rocket engine called Raman, becoming the first Indian private company to demonstrate the capability to build a homegrown rocket engine?
    A) Drone Aerospace Systems
    B) Skyroot Aerospace
    C) Honeywell Aerospace
    D) Ramco Aviation
    View Answer
    Option B
    Explanation:

    Aerospace startup Skyroot Aerospace has successfully test fired an upper-stage rocket engine, becoming the first Indian private company to demonstrate the capability to build a homegrown rocket engine.
    The 3-D printed rocket engine – Raman, named after Nobel laureate CV Raman – has fewer moving parts and weighs less than half of conventional rocket engines with a similar capacity.
  12. How much amount as humanitarian aid is provided by the European Union in response to severe flooding that has affected South Asia?
    A) 1.88 million euro
    B) 1.40 million euro
    C) 1.28 million euro
    D) 1.65 million euro
    View Answer
    Option D
    Explanation:

    The European Union said it is providing 1.65 million euro in humanitarian aid in response to severe flooding that has affected South Asia most notably Bangladesh, India and Nepal.
  13. In August 2020, RBI announced ‘positive pay’ feature to enhance safety of cheque payments of how much amount and more?
    A) Rs 80,000
    B) Rs 60,000
    C) Rs 50,000
    D) Rs 40,000
    View Answer
    Option C
    Explanation:

    The Reserve Bank of India (RBI) said it has decided to introduce a mechanism of ‘Positive Pay’ for all cheques of value Rs 50,000 and above.
    Under the ‘positive pay’ system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank’s mobile application.
  14. Reliance Industries broke which position in the latest ranking in the Fortune Global 500 List?
    A) 96th
    B) 85th
    C) 88th
    D) 93rd
    View Answer
    Option A
    Explanation:

    Billionaire Mukesh Ambani’s Reliance Industries has jumped 10 places to break into the world’s top 100 companies on the Fortune Global 500 list. The oil-to-telecom conglomerate is ranked 96th in the 2020 ranking released by Fortune.
  15. Which of the following has signed a Memorandum of Understanding with Akola, Maharashtra-based bullion trade and industry associations to facilitate cooperation between the two?
    A) NSE
    B) BSE
    C) MCX
    D) NCDEX
    View Answer
    Option B
    Explanation:

    The Bombay Stock Exchange has signed a Memorandum of Understanding with Akola, Maharashtra-based bullion trade and industry associations, Akola Sarafa Association and Akola Sarafa Va Suvarnakar Yuva Sangh.
  16. Which of the following has launched India’s first pocket Android POS device for contactless ordering & payments for SME’s?
    A) Amazon
    B) Flipkart
    C) Paytm
    D) Reliance
    View Answer
    Option C
    Explanation:

    Paytm has launched its first pocket Android PoS device for contactless ordering and making payments, for SMEs. This comes at an introductory price of ₹499 per month on a rental basis and is designed like a phone.
    This device enables delivery personnel logistic players, Kirana stores, and small shopkeepers to accept digital payments on the go.
  17. Which mutual funds company has launched a new open ended arbitrage opportunities fund that will invest in equity, derivatives and debt markets?
    A) Mahindra Manulife Mutual Fund
    B) Franklin Templeton Mutual Fund
    C) Motilal Oswal Mutual Fund
    D) DSP Mutual Fund
    View Answer
    Option A
    Explanation:

    Mahindra Manulife Mutual Fund has launched a new open ended arbitrage opportunities fund that will invest in equity, derivatives and debt markets.
  18. Which payment gateway has launched feature called ‘Payment Button’ that allows micro-entrepreneurs and freelancers to instantaneously accept digital payments online?
    A) PayPal
    B) PayTm
    C) Cashfree
    D) Razorpay
    View Answer
    Option D
    Explanation:

    Payment gateway startup Razorpay has introduced a feature that allows micro-entrepreneurs and freelancers to instantaneously accept digital payments online.
    The feature called the ‘Payment Button’ will enable businesses and freelancers to add a single line of code on a website or blog and go live with a payment gateway “within a few minutes.
  19. Who was conferred with the Asian College of Journalism’s award for investigative journalism?
    A) Nitin Sethi
    B) Vikram Seth
    C) Shiv Sahay Singh
    D) Raman Kumar
    View Answer
    Option A
    Explanation:

    Nitin Sethi and Shiv Sahay Singh have been declared winners of the Asian College of Journalism’s award for investigative journalism and the K P Narayana Kumar Memorial Award for social impact journalism respectively.
  20. Who is the author of the new book ‘Our Only Home: A Climate Appeal to the World’ going to be released in November 2020?
    A) Salman Rushdie
    B) Dalai Lama
    C) JK Rowling
    D) Jean Auel
    View Answer
    Option B
    Explanation:

    The Tibetan spiritual leader, the Dalai Lama, will release a new book on climate change with German environmental journalist Franz Alt in November,2020.
    The book has been titled “Our Only Home: A Climate Appeal to the World”.
  21. P.K. Muthusamy who passed away recently was associated with which profession?
    A) Journalist
    B) Businessman
    C) Lyricist
    D) Poet
    View Answer
    Option C
    Explanation:

    Lyricist P.K. Muthusamy died at his residence near Rasipuram in Tamil Nadu due to age- related ailments. He was 100 years.
  22. Tamilian V Swaminathan who passed away in August 2020 was related to which profession?
    A) Film Producer
    B) Musician
    C) Politician
    D) Educationist
    View Answer
    Option A
    Explanation:

    Tamil film producer V Swaminathan of Lakshmi Movie Makers passed away due to COVID-19. He was 62.

STATIC GK BASED ON CURRENT AFFAIRS

  1. Where is the HQ of European Union situated?
    A) Brussels, Belgium
    B) Maastricht, Netherlands
    C) Rome, Italy
    D) Madrid, Spain
    View Answer
    Option A
  2. Where is the HQ of Razorpay located?
    A) Hyderabad
    B) Bengaluru
    C) Pune
    D) Chennai
    View Answer
    Option B

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