Current Affairs Quiz : March 18 2020

1.

Stand Up India Scheme will lend bank loans between Rs.10 lakh and ________ one SC/ ST borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks (SCBs).

   A.) Rs.25 lakh
   B.) Rs.1 crore
   C.) Rs.2 crore
   D.) Rs.50 lakh

Answer: Option 'B'

Rs.1 crore

2.

SBI has announced a reduction in its MCLR or marginal cost of funding-based lending rates up to ______ basis points (bps) across tenors.

   A.) 5
   B.) 8
   C.) 15
   D.) 20

Answer: Option 'C'

State Bank of India (SBI) has announced a reduction in its MCLR or marginal cost of funding-based lending rates by 10-15 basis points (bps) across tenors.

3.

What percentage of road accident deaths in India has decreased within five months of the enactment of the Motor Vehicles (Amendment) Act 2019?

   A.) 15%
   B.) 25%
   C.) 10%
   D.) 50%

Answer: Option 'C'

10%

The Minister of Road Transport & Highways and Shipping Ministry of Micro, Small and Medium Enterprises Nitin Gadkari revealed that the number of deaths caused due to road accidents has been reduced by 10% in India after the Motor Vehicles (Amendment) Act 2019.

4.

RK Singh (MoS independent -Power, New and Renewable Energy) launched a new website of Ministry of New and Renewable Energy (MNRE). The website has the additional portals of India Renewable Idea Exchange’ (IRIX) and ________________.

   A.) AkshayUrja
   B.) SECURE
   C.) No Queue
   D.) Nanban

Answer: Option 'A'

AkshayUrja

The Minister of State (Independent Charge) for Power, New and Renewable Energy & Minister of State for Skill Development and Entrepreneurship Raj Kumar (R K) Singh launched a new website of Ministry of New and Renewable Energy (MNRE). The website has additional portals such as ‘AkshayUrja Portal’ & ‘India Renewable Idea Exchange’ (IRIX).

5.

RBI has announced that it would use Forex swap and LTRO to mitigate the effects of the Covid-19 on the Indian Economy. What does LTRO stand for?

   A.) Loan Tenure ratio operation
   B.) long-term repo operations
   C.) land acquisition tenure operation
   D.) Locational Extension reverse repo operations

Answer: Option 'B'

long-term repo operations

LTRO (long-term repo operations) is a tool in which the central bank offers money to banks for a period of one to three years at the prevailing repo rate (currently at 5.15 percent). The banks, in turn, offer government securities with the same or higher tenure as a collateral to the central bank.

Current Affairs Quiz : March 18 2020 Download Pdf