AffairsCloud brings you the complete and important daily Current Affairs 11 January 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.
Questions Based on Current Affairs January 11 2020
- Under which rule, Department for Promotion of Industry and Internal Trade (DPIIT) has launched paperless licensing process through Petroleum and Explosives Safety Organization (PESO) for road tankers for transportation of petroleum ?
1) Petroleum Rules, 2005
2) Petroleum Rules, 2004
3) Petroleum Rules, 2003
4) Petroleum Rules, 2002
5) None of theseAnswer-4) Petroleum Rules, 2002
Explanation:
On January 10,2020 Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has launched paperless licensing process through Petroleum and Explosives Safety Organization (PESO) for road tankers for transportation of petroleum under the Petroleum Rules,2002.This is a significant move towards paperless and green India that provides ease of doing business for petroleum road tankers.Moving towards digitalisation the process will include filing the applications through online processing of the application at every stage will be intimated via e-mail (electronic mail) and SMS (Short Message Service) whether discrepancy or approval or grant of license. - Where is the state-of-the-art, Indian Cyber Crime Coordination Centre (I4C) located ?
1) New Delhi, Delhi
2) Mumbai, Maharashtra
3) Chennai, Tamil Nadu
4) Kolkata, West Bengal
5) None of theseAnswer-1) New Delhi, Delhi
Explanation:
On January 10, 2020, Union Home Minister Amit Shah inaugurated Indian Cyber Crime Coordination Centre (I4C).The state-of-the-art Centre is located in New Delhi.The scheme to setup I4C was approved in October 2018 at an estimated cost of Rs. 415.86 crore to deal with all types of Cyber crimes.National Cyber Crime Threat Analytics Unit, National Cyber Crime Reporting Portal, National Cyber Crime Training Centre, Cyber Crime Ecosystem Management Unit, National Cyber Crime Research and Innovation Centre, National Cyber Crime Forensic Laboratory Ecosystem and Platform for Joint Cyber Crime Investigation Team are the seven components of I4C. - Which state has launched the “Wage Subsidy Scheme”, that will provide Wage subsidy for new ventures getting registered on April 1, 2020 for the first 5 years ?
1) Andhra Pradesh
2) Gujarat
3) Uttar Pradesh
4) Kerala
5) None of theseAnswer-4) Kerala
Explanation:
Wage subsidy scheme was unveiled by Chief Minister of Kerala Shri Pinarayi Vijayan during the Global Investors Meet – ASCEND 2020.As per the scheme Wage subsidy will be provided for the first 5 years for new ventures getting registered on April 1, 2020. The benefit will only be available to those units that provides ESI (Employee State Insurance) and PF (Provident Fund) benefits to workers. This would benefit 37 lakh people. - Which country has complained to World Trade Organisation’s (WTO) against India for increasing customs duties of its 28 goods in July 2019 ?
1) China
2) United States
3) Pakistan
4) Sri Lanka
5) None of theseAnswer-2) United States
Explanation:
On January 10, 2020 the dispute settlement body of the World Trade Organisation’s (WTO) has set up a panel to examine complaints of United States(US) against India for hiking customs duties of 28 American goods in July 2019. US alleged New Delhi’s move of increasing the custom duties and alleged that the decision was inconsistent with 2 global trade norms of GATT (General Agreement on Tariffs and Trade) 1994 agreement.Dispute panel formation: In case of dispute a consultation will be requested to the WTO. After 60 days, if the consultations fail to resolve the dispute then a panel will be requested to be formed. - Which Committee assisted Reserve Bank of India to set up the 5-year plan of formulation of National Strategy for Financial Inclusion (NSFI) for the period 2019-2024 ?
1) Financial Inclusion Advisory Committee (FIAC)
2) Financial Advisory Committee (FAC)
3) Committee on Financial Advisory (CFA)
4) Committee on Operation of the Cash Credit System
5) None of theseAnswer-1) Financial Inclusion Advisory Committee (FIAC)
Explanation:
On January 10, 2020 the Reserve Bank of India (RBI) under the aegis of Financial Inclusion Advisory Committee (FIAC) has set up a 5-year plan of formulation of National Strategy for Financial Inclusion (NSFI) for the period 2019-2024. This has been done keeping in view the global trend of financial inclusion which acts as a key driver of economic growth. - As per National Strategy for Financial Inclusion (NSFI) 2019-2024, Banking outlet services has to cover __________km of every village/500 households to boost financial inclusion ?
1) 10 Km
2) 7 Km
3) 5 Km
4) 8 Km
5) None of theseAnswer-3) 5 Km
Explanation:
On January 10, 2020 the Reserve Bank of India (RBI) under the aegis of Financial Inclusion Advisory Committee (FIAC) has set up a 5-year plan of formulation of National Strategy for Financial Inclusion (NSFI) for the period 2019-2024. The key recommendations of NSFI are as follows: Banking outlets to be increased: Increasing outreach of banking outlets to provide financial inclusion to every village within a 5 kilometre radius/ 500 households in hilly areas by March 2020. Digital architecture: Moving to digital and consent based architecture for customer by March 2024.Access to financials service providers through mobile device by March 2024. Digital payments: Moving to a less cash society by enhancing digital payments by March 2022. - Under which Act, Reserve Bank of India (RBI) has permitted processing of e-mandate for recurring payments through UPI (Unified Payments Interface) ?
1) Payment and Settlement Systems Act, 2010 (Act 51 of 2010)
2) Payment and Settlement Systems Act, 2009 (Act 51 of 2009)
3) Payment and Settlement Systems Act, 2008 (Act 51 of 2008)
4) Payment and Settlement Systems Act, 2007 (Act 51 of 2007)
5) None of theseAnswer-4) Payment and Settlement Systems Act, 2007 (Act 51 of 2007)
Explanation:
On January 10, 2020, In view of the promotion of digital payments, India’s central bank, the Reserve Bank of India (RBI) has permitted processing of e-mandate for recurring payments through UPI (Unified Payments Interface). This direction has been issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007). - What is the maximum limit, permitted by Reserve Bank of India for recurring payments through UPI (Unified Payments Interface) ?
1) Rs 5000
2) Rs 2000
3) Rs 10000
4) Rs 7000
5) None of theseAnswer-2) Rs 2000
Explanation:
On January 10, 2020, In view of the promotion of digital payments, India’s central bank, the Reserve Bank of India (RBI) has permitted processing of e-mandate for recurring payments through UPI (Unified Payments Interface). Under this facility, an agreement is formed between the consumer and the merchant bodies and the payment of the outstanding dues is done automatically on the fixed date of the month. However, the maximum permissible limit under this payment system shall be Rs 2,000 per transaction. - What is the maximum amount penalized by Reserve Bank of India on any authorised payment system operators / banks for not complying with regulatory requirements under the Payment and Settlement Systems Act, 2007 ?
1) Rs 5 lakh
2) Rs 10 lakh
3) Rs 15 lakh
4) Rs 7 lakh
5) None of theseAnswer-1) Rs 5 lakh
Explanation:
In a bid to ensure safety and security to various stakeholders, including customers, RBI has released the revised framework for imposing monetary penalty on authorised payment system operators / banks under the Payment and Settlement Systems Act, 2007 for not complying with regulatory requirements. Under the revised framework,RBI has provision to levy monetary penalty levied for a contravention shall not exceed Rs 5 lakh or double the amount of contravention or default, whichever is higher, where such amount is quantifiable. For non-quantifiable contravention, the maximum penalty imposed by RBI shall be Rs 5 lakh per contravention. In addition, RBI will impose further penalty up to ₹ 25,000/- for every day, if such contravention / default is a continuously performed. - Name the bank that received the authorized capital of Rs 25,000 crores from central government of India recently .
1) Indian Bank
2) Bank of India
3) Indian Overseas Bank (IOB)
4) Canara Bank
5) None of theseAnswer-3) Indian Overseas Bank (IOB)
Explanation:
On January 10, 2020 the central govt in consultation with the Reserve Bank of India (RBI)has announced an increase in the authorized capital of Indian Overseas Bank (IOB) to Rs 25,000 crores from the previous authorized capital of Rs. 15,000 crores, thus making an increase by Rs. 10,000 crores.Authorised capital: It is the maximum amount of share capital a company/bank/institution is authorised to issue its shareholders.Paid-up capital: It is the amount of money a company has received from shareholders in exchange for shares of stock. - Name the Indian Scientist, who won the Merck Young Scientist Awards 2019 for the specialization in main group of chemistry and synthesis of compounds with main group elements and their catalytic application.
1) Dr Debojyoti Chakraborty
2) Dr Sakya Singha Sen
3) Dr Basker Sundararaju
4) Dr Siddhesh S Kamat
5) None of theseAnswer-2) Dr Sakya Singha Sen
Explanation:
On January 9, 2020 Merck Young Scientist Awards 2019 in chemical science, instituted by Merck was announced in Bengaluru in Karnataka. Indian Scientist Dr Sakya Singha Sen and his team won the Merck Young Scientist Award 2019 for their specialization in main group of chemistry and synthesis of compounds with main group elements and their catalytic application. - Name the Indian Hockey Player, who was nominated for the “World Games Athlete of the Year”award, 2019 by the International Hockey Federation (FIH) .
1) Rani Rampal
2) Savita Punia
3) Sunita Lakra
4) Gurjit Kaur
5) None of theseAnswer-1) Rani Rampal
Explanation:
On January 10,2020 Rani Rampal from Haryana,India the captain of the Indian women’s hockey team has been nominated for the “World Games Athlete of the Year”award, 2019 by the International Hockey Federation (FIH). Rani was instrumental in India qualifying for the first time in back-to-back olympic games. - Who has been elected as a bureau member of the IUPAC(International Union of Pure and Applied Chemistry) for the period 2020-23 ?
1) Dr.Bipul Bihari Saha
2) Dr.M Pavan Kumar
3) Dr.Sudhakar Kudva
4) Dr.K Lakshmi Raju
5) None of theseAnswer-1) Dr.Bipul Bihari Saha
Explanation:
On January 10,2020 Dr.Bipul Bihari Saha of Hyderabad, India has been elected as a bureau member of the IUPAC(International Union of Pure and Applied Chemistry) for the period 2020-23. Saha is the only second Indian after “Bharat Ratna” Professor Chintamani Nagesa Ramachandra Rao (CNR Rao),to be elected(1979) for this position in a century. - Lt Col Yuvraj Malik appointed as director of National Book Trust (NBT), he succeeds _________.
1) Nandakumar E.N.
2) Brij Kishore Sharma
3) Govind Prasad Sharma
4) Rita Chowdhury
5) None of theseAnswer-4) Rita Chowdhury
Explanation:
On January 11, 2020 Lt Col Yuvraj Malik was appointed as the director of National Book Trust (NBT) on deputation. Malik succeeds Sahitya Akademi-awardee writer Rita Chowdhury.Previously Malik has served with the Ministry of Defence (MoD), Ministry of Home Affairs (MoHA), Raj Bhawan in Jammu & Kashmir(J&K), United Nations Missions in Africa and also in several operational assignments. - Which city will host the conference on civil aviation sector, ‘Wings India 2020’ with the theme “Flying for all” ?
1) Chennai International Airport in Chennai, Tamil Nadu
2) Begumpet Airport in Hyderabad, Telangana
3) Indira Gandhi International Airport in New Delhi, Delhi
4) Chattrapati Shivaji International Airport in Mumbai, Maharashtra
5) None of theseAnswer-2) Begumpet Airport in Hyderabad, Telangana
Explanation:
Wings India 2020, an international exhibition and conference on civil aviation sector, will be held at Begumpet Airport in Hyderabad, Telangana from March 12-15, 2020. The theme of the event is “Flying for all”. The biennial event will be inaugurated by the Hon’ble Prime Minister of India, Narendra Modi in presence of Minister for Civil Aviation and Minister of State for Civil Aviation. - Which Indian city hosts the Global Investors Meet ASCEND 2020 recently ?
1) Kolkata, West Bengal
2) Mumbai, Maharashtra
3) New Delhi, Delhi
4) Kochi, Kerala
5) None of theseAnswer-4) Kochi, Kerala
Explanation:
A two day organised Global Investors Meet ASCEND 2020 was held in Kochi, Kerala at Lulu Bolgatty International Convention Centre, Grand Hyatt, from January 9-10. The meet was inaugurated by the Chief Minister of Kerala Shri Pinarayi Vijayan and was organised by states Department of Industries. Totally Rs 1 lakh crore worth investment proposals were received. - Which organization has released the first in-depth report of ‘India 2020 Energy Policy Review’ in association with International Energy Agency (IEA) ?
1) Indian Energy Agency (IEA)
2) National Development Council (NDC)
3) National Institution for Transforming India (NITI) Aayog
4) National Energy Agency (NEA)
5) None of theseAnswer-3) NITI (National Institution for Transforming India) Aayog
Explanation:
On January 10,2020 the International Energy Agency (IEA) in partnership with NITI (National Institution for Transforming India) Aayog has released the first in-depth review of India’s energy policies 2020 in New Delhi. The IEA conducts review on energy policies of its member countries. This is the 1st time the review is done for India after it became an IEA-association country in March 2017. - By which year, India’s energy demand is expected to be doubled, as per the International Energy Agency (IEA)’s first in-depth review of India’s energy policies 2020 ?
1) 2040
2) 2050
3) 2025
4) 2030
5) None of theseAnswer-1) 2040
Explanation:
On January 10,2020 the International Energy Agency (IEA) in partnership with NITI (National Institution for Transforming India) Aayog has released the first in-depth review of India’s energy policies 2020 in New Delhi. India’s energy demand is expected to be doubled by 2040 and also the electricity demand may triple. - Which country will overtake China by mid-2020 in terms of crude oil demand growth, as per the ‘India 2020 Energy Policy Review’ ?
1) Russia
2) United States
3) India
4) Japan
5) None of theseAnswer-3) India
Explanation:
On January 10, 2020, According to the report, ‘India 2020 Energy Policy Review’ which covers the key energy sectors of oil, natural gas and electricity and identify the main energy security issues, released by the International Energy Agency (IEA) in collaboration with NITI (National Institution for Transforming India) Aayog, India will overtake China by mid-2020 in terms of crude oil demand growth. - Which firm has acquired Paysense for $185 mn ?
1) Stripe India
2) Pasfar India
3) PayU India
4) Paypal India
5) None of theseAnswer-3) PayU India
Explanation:
On January 10, 2020, PayU India, a fintech company that provides payment technology to online merchants, has acquired digital credit startup PaySense at an equity valuation of about $185 million (mn). After the acquisition, PayU is also decided to merge its lending business Lazypay with PaySense. Also, Prashanth Ranganathan, the founder and CEO of PaySense, will head PayU’s credit business in India as the CEO of the new venture. - In which of the following Aircraft carrier, Light Combat Aircraft (LCA) Tejas has landed for the 1st time in India ?
1) INS Viraat
2) INS Vikramaditya
3) INS Vikrant
4) INS Vishal
5) None of theseAnswer-2) INS Vikramaditya
Explanation:
On January 11,2020 the Light Combat Aircraft (LCA) Tejas has made a successful landed on the India’s biggest warship INS Vikramaditya. The maiden landing was conducted by Commodore Jaideep Maolankar.For the first time an indigenous fighter aircraft has been landed on an aircraft carrier.India becomes sixth nation to master the art of an arrested landing and ski-jump take off on the deck of a carrier after Russia, the United States (US), France, the United Kingdom (UK)and China. - Who launched the National Cyber Crime Reporting Portal, “www.cybercrime.gov.in” ?
1) Ram Nath Kovind
2) Narendra Modi
3) Amit Shah
4) Rajnath Singh
5) None of theseAnswer-3) Amit Shah
Explanation:
On January 10, 2020 National Cyber Crime Reporting Portal was dedicated to the Nation by Union Home Minister Amit Shah in New Delhi. National Cyber Crime Reporting Portal www.cybercrime.gov.in portal was launched on August 30,2019 which helps the citizens of the Nation to report cyber crimes through online.All the cyber crime related complaints reported in this portal will be accessed by the concerned law enforcement agencies in the States and Union Territories and the actions are taken as per law. - Name the deceased leader of Oman, who was the longest serving leader in the Middle East and Arab world.
1) Khalifa bin Zayed Al Nahyan
2) Sabah Al-Ahmad Al-Jaber Al-Sabah
3) Sultan Qaboos bin Said Al Said
4) Yusuf bin Alawi bin Abdullah
5) None of theseAnswer-3) Sultan Qaboos bin Said Al Said
Explanation:
On January 10, 2020 Sultan Qaboos bin Said Al Said, the Omani leader who was ruling the country from 1970 has passed away after suffering from colon cancer. He was 79. He was succeeded by the Culture Minister Haritham bin Tariq Al Said.He was born on November 18, 1940 in Salalah, Oman.He was the fourteenth-generation descendant founder of the House of Al Said and the longest serving leader in the Middle East and Arab world.He received Nishan-e-Pakistan in 2001, Jawaharlal Nehru Award for International Understanding in 2004 and Royal Victorian Chain in 2010. - Name the deceased Kannada scholar and researcher, who launched a campaign to save the monuments of Hampi .
1) S. Srikanta Sastri
2) T. N. Srikantaiah
3) B. M. Srikantaiah
4) Chidananda Murthy
5) None of theseAnswer-4) Chidananda Murthy
Explanation:
On January 11,2020 Renowned Kannada scholar and researcher M Chidananda Murthy,88 years old, passed away on Bengaluru,Karnataka due to age-related illness. He was popularly known as “ChiMu”.Chidananda Murthy known for his specialization in the history of Kannada language had contributed significantly in securing the Classical language status from the Union Government in 2008.He was also a vocal kannada activist, leading Kannada Shakti Kendra in 1970s and 1980s.He also launched a campaign to save the monuments of Hampi and also one of the key articulators of the argument against Tipu Sultan.He was born in 1931 in channagiri taluk of Davangere district, karnataka. - Obaid Siddiqui passed away recently, he was a ______________ .
1) Broadcaster
2) Poet
3) Academician
4) All the above
5) None of theseAnswer-4) All the above
Explanation:
On January 10,2020 Veteran Broadcaster, poet and academician Obaid Siddiqui, 63 years old passed away in Ghaziabad hospital, Uttar Pradesh due to health related problems. Siddiqui also worked with NDTV (New Delhi Television) and also known as an Urdu poet.Obaid Siddiqui was born in Meerut in 1957.Siddiqui received higher education at Aligarh Muslim University and joined the All India Radio at Srinagar station in 1988. - Name the Canadian drummer and lyricist of rock band Rush, who passed away recently .
1) John Rutsey
2) Neil Peart
3) Geddy Lee
4) Alex Lifeson
5) None of theseAnswer-2) Neil Peart
Explanation:
On January 10, 2020 Canadian drummer and lyricist of rock band Rush, Neil Peart passed away at the age of 67 due to brain cancer (glioblastoma) in California, United States(US).The rock band Rush was founded in 1968 and Peart joined Rush in 1974 and retired from the band in 2015.He entered the Rock and Roll Hall of Fame (Hall of Fame museum located in Ohio, US) in 2013. The band has sold 25 million albums in the US.Neil also wrote several books about his life, including the memoir ‘Traveling Music: Playing Back the Soundtrack to My Life and Times’.
STATIC GK based on Current Affairs
- When did India joined as an association member of the International Energy Agency (IEA)? Answer-March, 2017
- Begumpet Airport is located in which city ? Answer-Hyderabad, Telangana
- Who is the chairperson of the Financial Stability Development Council ? Answer-Union Minister of Finance(MoF) of India, Smt. Nirmala Sitharaman
- What is the State Animal of Uttar Pradesh ? Answer-Barasingha (also known as Swampdeer)
- Where is the Headquarters of International Energy Agency (IEA) located ? Answer-Paris, France
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