AffairsCloud brings you the complete and important daily Current Affairs 11 & 12 October 2020 Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2020 updates.
- Which company has partnered with Department of Science and Technology (DST) to promote STEM career opportunities among students?
International Business Machines (IBM) joined hands with the Department of Science and Technology (DST) to expand the scope of two DST initiatives Vigyan Jyoti, Engage with Science (Vigyan Prasar). The initiatives aim to promote STEM (Science, Technology, Engineering and Mathematics) learning among students, especially girl students to inspire them to pursue careers in STEM. Vigyan Jyoti Programme was launched to inspire girl students to pursue higher education and career in STEM fields. Vigyan Prasar (Engage with Science) is a technology-driven interactivity platform which is built on top of India Science Over-The-Top (OTT) platform.
- Which state/UT has become the 1st ‘Har Ghar Jal’ state by providing FHTCs to every rural household?
5) Arunachal Pradesh
Goa has become the first ‘Har Ghar Jal’ state in the country under Centre Governments Jal Jeevan Mission (JJM) by providing 100% tap water connections in Functional Household Tap Connections (FHTCs) covering 2.30 lakh households. The state has achieved the target before time i.e. by 2021. There are 1 lakh 65 thousand rural households in North Goa and 98,000 rural households in South Goa in 191 Gram Panchayats. Now, to strengthen water testing facilities, the State is in process of getting 14 National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited water quality testing laboratories.
- Which state/UT cabinet has approved 1st of its kind ‘Tree Transplantation Policy’?
1) Jammu & Kashmir
2) Uttar Pradesh
4) West Bengal
Delhi has become the first state in the country to have the ‘Tree Transplantation Policy’ for the preservation of trees which was approved by the state’s cabinet headed by Chief Minister Arvind Kejriwal on October 9, 2020. Under this, a minimum of 80% of trees affected by a development or construction project will be transplanted. Also, a minimum of 80% of the transplanted trees should survive and ensuring this would be the responsibility of the agencies that will take permission from us. This policy is a part of Delhi’s movement of “Yuddh, Pradushan Ke Viruddh” against the air pollution levels. Under this movement various measures will be taken under this, including EV, tree transplantation, and preventing stubble burning.
- Who has launched the indigenous variety of Calcium Nitrate and Boronated Calcium Nitrate produced by Gujarat State Fertilizers and Chemicals India Ltd?
1) Nitin Gadkari
2) Smriti Irani
3) Mansukh L. Mandaviya
4) Gajendra Singh Shekhawat
5) Raj Nath Singh
Answer-3) Mansukh L. Mandaviya
Gujarat State Fertilizers and Chemicals India Ltd (GSFC) launched an Indigenous variety of Calcium Nitrate and Boronated Calcium Nitrate. Union Minister for Chemicals and Fertilizers, Mansukh Mandaviya launched the products virtually. Calcium Nitrate is a water-soluble fertilizer in agriculture, and also in wastewater treatment. The indigeneous variety will provide a cheaper alternative to the farmer community in India.
- Aava Murto assumed the post of prime minister of which country for 1 day on occasion of UN International Day of Girl Child on 11th October, 2020?
As part of the United Nations International Day of Girl Child (11th October, 2020), 16-year old Aava Murto assumed the post of Finland’s Prime Minister for one day on 7th October, 2020 to raise awareness about gender equality. It was done as part of the “Girls Takeover” Program. Murto hails from the small village of Vaaksy in Southern Finland. The Prime Minister of Finland is Sanna Marin, Capital city is Helsinki and Currency is Euro respectively.
- Which state partnered with India Post to enroll 11,000 farmers in the Pradhan Mantri Kisan Samman Nidhi scheme?
Chandrakant (Babu) Kavlekar, Deputy Chief Minister and Agriculture Minister of Goa in the press conference organized at Krishi Bhavan at Tonca with Postmaster General Vinod Kumar, stated that the state government has tied up with India Posts to enroll 11,000 farmers in the Pradhan Mantri (PM) Kisan Samman Nidhi scheme. Through this tie up the postman will be utilized to benefit farmers. This is India’s 1st such initiative and a unique drive.
- Who among the following were the new members of Monetary Policy Committee (MPC)?
1) Ashima Goyal
2) Shashanka Bhide
3) Jayanth Varma
4) Both 1) and 2)
5) All the 1), 2) and 3)
Answer-5) All the 1), 2) and 3)
The 6-member 25th Monetary Policy Committee (MPC) meeting of Reserve Bank of India (RBI) was held from October 7-9, 2020 which was headed by RBI Governor Shaktikanta Das. Notably for this meeting, the MPC got three new members replacing earlier ones (Ravindra Dholakia, Pami Dua and Chetan Ghate) as their four-year tenure ended in September 2020. They were appointed as the external members by the Central Government for a four years’ term as the MPC members are not eligible for reappointment. The new members are: Dr. Ashima Goyal, Economic Advisory Council to the Prime Minister (EAC-PM) member; Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research (NCAER); Professor Jayanth Varma, Indian Institute of Management (IIM)-Ahmedabad (Gujarat). The other two MPC members are Dr. Mridul K. Saggar, and Dr. Michael Debabrata Patra.
- What is the current repo rate of India?
The 6-member 25th Monetary Policy Committee (MPC) meeting of Reserve Bank of India (RBI) was held from October 7-9, 2020 which was headed by RBI Governor Shaktikanta Das.
Category Rate Policy Repo Rate 4.00% Reverse Repo Rate 3.35% Marginal Standing Facility (MSF) Rate 4.25% Bank Rate 4.25%
- The Reserve Bank of India for the 1st time decided to buy SDL in FY21. SDL is State _______ Loans.
In a first-of-its-kind measure, the Reserve Bank of India will buy bonds issued by state governments i.e. state development loans (SDL) in the current financial year (FY21) as a special case via secondary market open market operations, to ensure they don’t face rising interest costs amid high borrowings. The decision regarding this measure has been taken to ensure that financial conditions don’t tighten and to improve liquidity and facilitate efficient pricing. Notably, SDLs are eligible collateral for Liquidity Adjustment Facility (LAF) along with T-bills, dated government securities and oil bonds.
- The ‘co-originating model’ framework will be replaced by ________ (all NBFCs including HFCs will be included).
1) Co-depositing model
2) Co-crediting model
3) Co-lending model
4) Co-debt model
5) Co-Cashing model
Answer-3) Co-lending model
The framework “co-origination model” that has been put in place by Reserve Bank in 2018 under which there is co-origination of loans banks and a certain category of Non-Banking Financial Companies (NBFCs) lends to the priority sector subject to certain conditions has now extended to all the NBFCs. Means housing finance companies (HFCs) will also be able to partner with banks for priority sector lending (PSL). From now, this framework will be known as “Co-Lending Model” and the revised guidelines for the same will be issued by the end of October 2020. This decision has been taken to make all priority sector loans eligible for the scheme and give greater operational flexibility to the lending institutions.
- The Reserve Bank of India has enhanced the limit for risk weight from Rs. 5 crores to ________.
1) Rs 10 crore
2) Rs 7.5 crore
3) Rs 8 crore
4) Rs 12.5 crore
5) Rs 9 crore
Answer-2) Rs 7.5 crore
RBI also decided that banks can lend up to Rs 7.5 crore from earlier Rs 5 crore to individual retail and small business borrowers (i.e. with turnover of upto Rs 50 crore) and still be eligible for a 75% risk weight. This decision is on the lines to reduce the cost of credit for this segment, and in harmonisation with the Basel guidelines.
- What is the projected GDP of India in FY 21 as per RBI’s Monetary Policy Committee (MPC) meeting (October 2020)?
1) (-) 7.5%
2) (-) 10.5%
3) (-) 13.5%
4) (-) 9.5%
5) (-) 14.5%
Answer-4) (-) 9.5%
The 6-member 25th Monetary Policy Committee (MPC) meeting of Reserve Bank of India (RBI) was held from October 7-9, 2020 which was headed by RBI Governor Shaktikanta Das. During the meeting it was projected that the economy will contract by 9.5% in 2020-21 amid COVID-19 with risks tilted to the downside: -9.8% in Q2/2020-21, -5.6% in the third quarter, and 0.5% in the fourth quarter.
- PM Modi inaugurated RAISE 2020 – ‘Responsible AI for Social Empowerment 2020’ recently. Name the ministry which organized ‘RAISE 2020’ along with NITI Aayog.
1) Ministry of Health and Family Welfare
2) Ministry of Science and Technology
3) Ministry of Electronics and Information Technology
4) Ministry of Home Affairs
5) Ministry of Finance
Answer-3) Ministry of Electronics and Information Technology
Prime Minister Narendra Modi inaugurated RAISE 2020 – ‘Responsible AI for Social Empowerment 2020’ – A 5-day Global AI (Artificial Intelligence) Summit which took place virtually from October 5-9, 2020. The Ministry of Electronics & Information Technology (MeitY) in partnership with NITI Aayog organized the summit. RAISE 2020 is a first-of-its-kind global meeting of minds on Artificial Intelligence to drive India’s vision and roadmap for social transformation, inclusion and empowerment through responsible AI.
- Name the medium altitude long endurance drone which was successfully tested by DRDO recently.
1) Rustom II
2) Heron I
3) Harpy II
4) Aura III
5) Abhyas IV
Answer-1) Rustom II
The Defence Research and Development Organisation (DRDO) on Friday (9 October) successfully flight-tested the indigenously developed Rustom-II medium altitude long endurance drone. The prototype drone achieved eight hours of flying at an altitude of over 16,000 feet at Karnataka’s Chitradurga.
- Who has authored the book titled “The Khalistan Conspiracy: A Former R&AW Officer Unravels the Path to 1984”?
1) Rajinder Khanna
2) GBS Sidhu
3) Alok Joshi
4) Anil Dhasmana
5) Samant Goel
Answer-2) GBS Sidhu
GBS Sidhu, a former special secretary of Research and Analysis Wing(R&AW), India’s external intelligence agency authored a book titled “The Khalistan Conspiracy: A Former R&AW Officer Unravels the Path to 1984” that portrays the first person accounts on the facts and the roles of senior politicians in the creation and sustenance of Khalistan movement. The book published by HarperCollins will be released on 24th October 2020. He published his book “Sikkim: Dawn of Democracy: Truth Behind the Merger with India” in 2018.
- Eddie Van Halen who passed away recently was a renowned ________.
3) Stunt Artist
Musician Eddie Van Halen, the guitar virtuoso whose blinding speed, control and innovation propelled his band Van Halen into one of hard rock’s biggest groups and became elevated to the status of rock god, has died. He was 65.
- The World mental health day was observed annually on October 10. What is the theme of World mental health day 2020?
1) “Mental Health for All: Greater Investment – Greater Access”
2) “Psychological First Aid”
3) “40 seconds of action”
4) “Young people and mental health in a changing world”
5) “Mental Health in the Workplace”
Answer-1) “Mental Health for All: Greater Investment – Greater Access”
World Mental Health is observed annually on October 10 to raise awareness about mental health issues globally and mobilize efforts in support of mental health. The theme for World Mental Health Day 2020, as per the World Federation for Mental Health (WFMH) is “Mental Health for All: Greater Investment – Greater Access”. As per the recent report of the World Health Organisation (WHO), India is the most depressed country in the world. It mentioned that 1 in 7 people from India suffered from mental illness like depression and anxiety from 1990 to 2017.
- When was World Day Against the Death Penalty observed annually?
1) October 8
2) October 10
3) October 9
4) October 12
5) October 11
Answer-2) October 10
World Day Against the Death Penalty is annually observed across the globe on 10th October. The 10th October 2020 marks the 18th World Day Against the Death Penalty which is dedicated to the rights to effective legal representative of the individuals facing death penalty. The World Day Against the Death Penalty 2020 focuses on the Access to counsel – A matter of life or death, since the process of arrest, detention and trial of a capital case cannot be guaranteed without the access of effective legal representations.
- What is the theme of world migratory bird day 2020 (Observed bi-annually on May 9 & October 10)?
1) “Birds Connect Our World”
2) “Protect Birds: Be the Solution to Plastic Pollution!”
3) “Their Future is our Future – A Healthy Planet for Migratory Birds and People”
4) “Year of the Bird”
5) “Protect Birds: Be the Solution to Plastic Pollution!”
Answer-1) “Birds Connect Our World”
World Migratory Bird Day (WMBD) is celebrated bi-annually on the second Saturday in May (For 2020 celebrated on May 9) and in October. WMBD 2020, in October falls on October 10. The UN (United Nations) led awareness-raising campaign highlights the need to conserve the migratory birds and their habitats, as they face threats. The day also aims to spotlights their ecological importance and calls for their global conservation through international cooperation. Theme of World Migratory Bird Day 2020- “Birds Connect Our World”. India hosted the 13th Meeting of the Conference of the Parties to the Convention on the Conservation of Migratory Species of Wild Animals (CMS COP13) in February 2020. India takes over the COP CMS presidency from the Philippines and will hold the presidency till 2023.
- A team of researchers found a new species of perennial woody herb “Lepidagathis ananthapuramensis” in which state (Study published in Phytotaxa)?
1) Andhra Pradesh
A team of researchers discovered a new species of perennial woody herb in the northern laterite plateaus in Kasaragod, Kerala. The new species “Lepidagathis ananthapuramensis” is named after the temple Ananthapura lake temple dedicated to Ananthapadmanabha, since it was found in its neighbourhood. The article on the discovery is published in Phytotaxa, a journal on plant taxonomy.
- How many new species were added to India’s diversity in 2019?
The Scientists have discovered around 544 new species from India during 2019, the list of these new discoveries were released as two books, Animal Discoveries 2019 and Plant Discoveries 2019 by the Zoological Survey of India (ZSI) and the Botanical Survey of India (BSI). The ZSI and BSI have been releasing these books since 2007 and the 2019 list marks the 13th edition of this collection. On 9th October 2020, Babul Supriyo, Union Minister of State(MoS) for Environment, Forest and Climate Change, launched these two books at an event organised at the Acharya Jagadish Chandra Bose Indian Botanic Backyard in Howrah, West Bengal.
- Union ministry of coal launched a website to promote R&D activities in coal sector. Who is the coal minister of India?
1) Prakash Javadekar
2) Pralhad Joshi
3) Nitin Gadkari
4) Smriti Irani
5) Pralhad Singh Patel
Answer-2) Pralhad Joshi
During the 56th meeting of Standing Scientific Research Committee of the Ministry, Anil Jain, Secretary, of Coal ministry launched a website(https://scienceandtech.cmpdi.co.in/) to disseminate and promote Research and Development (R&D) activities in the coal sector. The website was developed by Central Mines Planning & Design Institute Limited (CMPDI), R&D arm of Coal India Limited (CIL). This website also promotes science and technology research in the coal and lignite sector. Pralhad Joshi is the present coal minister of India.
STATIC GK based on Current Affairs
- What is the minimum limit in Real-Time Gross Settlement (RTGS) transfer?
1) 5 Lakh
2) 1 Lakh
3) 2 Lakh
4) 10 Lakh
5) 15 Lakh
Answer-3) 2 Lakh
RBI has decided to allow real-time gross settlement (RTGS) facility round the clock i.e. 24*7*365 starting December 2020. This decision has been taken to provide wider payment flexibility to domestic corporates and institutions and to facilitate India’s efforts to develop international financial centers. With this, India will be among very few countries globally with a 24x7x365 large value real-time payment system. Currently this service is available between 7 a.m. and 6 p.m. on all working days of the week. RTGS facility is typically used by companies to transfer large sums of money for payments or repayments. The minimum amount for RTGS transfer is Rs 2 Lakh with no or maximum ceiling. In December 2019, the RBI made all transactions through the National Electronic Fund Transfer (NEFT) facility 24×7.
- What does ‘H’ denotes in HTM?
The apex bank has decided to extend the dispensation of the enhanced held-to maturity (HTM) limit of 22% up to March 31, 2022 from March 31, 2021 for the securities acquired between September 1, 2020, and March 31, 2021. This decision has been taken to give more certainty to the markets about the status of these investments in SLR (Statutory Liquidity Ratio) securities. HTMs are the securities purchased by banks to be owned until maturity.
- Rose Bowl series is the Women’s International cricket series between which countries?
1) England & Australia
2) Australia & New Zealand
3) Australia & India
4) India & South Africa
5) India & Bangladesh
Answer-2) Australia & New Zealand
The Rose Bowl series is a series of Women’s One Day International cricket matches between Australia and New Zealand that has been running since February 1985. It was originally known as the Shell Rose Bowl; the name was changed to the Rose Bowl Series in 2001. Australian Women’s Cricket Team Equals Most Consecutive ODI Victories World Record with 21 Wins in A Row. The Australian women’s cricket team defeated New Zealand by 232 runs to sweep the Rose Bowl trophy. In doing so, they have now won 21 ODIs in a row.
- Deenanath Mangeshkar is related to which field?
Maharashtra government to set up music college in name of Lata Mangeshkar’s father. A world-class government music college will be set up here in the name of renowned musician the late Deenanath Mangeshkar.
- Bhagat Singh Koshyari is the governor of which state?
4) Both 1) and 2)
5) Both 2) and 3)
Answer-5) Both 2) and 3)
Bhagat Singh Koshyari is an Indian politician serving as the Governor of Maharashtra and the Governor of Goa (additional charge).