Current Affairs Q & A PDF

Explanation: After exercising the powers conferred under section 30 of the Securities & Exchange Board of India Act, 1992 (15 of
1992), the board of SEBI has amended the regulation 3, in sub-regulation (2) of Securities & Exchange Board of India (Substantial
Acquisition of Shares & Takeovers) Regulations, 2011 (SEBI-SAST) to enhance the acquisition limit for promoters of a listed company.
The amendment allows promoters owning 25% or more of the shares or voting rights in a company to increase his shareholding by up
to 10% in a year in comparison to the earlier 5% limit.
205. Name the home finance company which launched affordable housing loan scheme named ‘SARAL’?
1. ICICI Home Finance Company Limited
2. Dewan Housing Finance Corporation Limited
3. REPCO Home Finance Limited
4. Aadhar Housing Finance Limited
5. Housing Development Finance Corporation Limited
Answer – 1. ICICI Home Finance Company Limited
Explanation: ICICI Home Finance Company Limited (HFCL) launched SARAL, a special affordable housing loan scheme to finance
homes in urban & rural areas. The beneficiaries are women, lower, middle income customers & economically weaker sections, with a
maximum household income up to Rs 6 lakh per annum.
206. Bank of Baroda planned to fully digitalize lending operations & to create a new vertical ‘digital lending
department’. Who is the MD & CEO of BoB?
1. Sanjiv Chadha
2. Hasmukh Adhia
3. Atanu Kumar Das
4. Lingam Venkat Prabhakar
5. Pallav Mahapatra
Answer – 1. Sanjiv Chadha
Explanation: Bank of Baroda, India‟s 3rd largest lender to fully digitise its lending operations including home, agriculture, Micro,
Small & Medium Enterprises (MSME), personal & auto loans. The bank has set up a new vertical, digital lending department at the
corporate office, which will have substantial overlap with various credit verticals including Retail, MSME, Agri & service verticals like
Analytics centre, Risk Management, Marketing. BoB MD & CEO is Sanjiv Chadha.
207. The Housing Finance Company’s housing loans must account for at least 50% of HFCs’ assets of which at
least………% should be individual housing loans. The HFCs which doesn’t follow the criterion will be treated as
NBFC-Investment & Credit Companies (NBFC-ICCs)?
1. 90
2. 80
3. 25
4. 50
5. 75
Answer – 5. 75
Explanation: In another proposal, housing loans must account for at least 50% of HFCs‟ assets of which at least 75% should be
towards individual housing loans. HFCs which do not fulfill this criterion will be treated as NBFC-Investment & Credit Companies
(NBFC-ICCs) & will be required to approach the RBI for conversion of their Certificate of Registration from HFC to NBFC-ICC. In order
to remain working as HFC, they would have to follow a roadmap to make 75% of their assets individual housing loans. The target has
been set at 60% by March 31, 2022, 70% by March 31, 2023 & 75% by March 31, 2024.
208. RBI has increased the withdrawal limit of Mumbai headquartered PMC bank depositors to Rs……… recently?
1. 1 Lakh
2. 5 Lakh
3. 75,000
4. 50,000
5. 10 Lakh
Answer – 1. 1 Lakh
Explanation: The Reserve Bank of India raised the withdrawal limit from Punjab & Maharashtra Cooperative (PMC) Bank to Rs 1
lakh from Rs 50,000 but extended the moratorium on the bank for another six months. With this relaxation, over 84% of the bank‟s
depositors will be able to withdraw their entire account balance.
209. EXIM bank has extended line of credit worth USD 20.10 million for construction of hospital to which country?
1. Guatemala
2. Nicaragua
3. Salvador
4. Honduras
5. Panama
Answer – 2. Nicaragua
Explanation: Export-Import (EXIM) Bank on behalf of the Indian Government, extended a Line of Credit of USD 20.10 million to the
Government of the Republic of Nicaragua for the reconstruction of Aldo Chavarria Hospital.
210. Which bank has partnered with Hyundai motor to launch 1st online auto retail financing platform ‘Click to Buy’?
1. HDFC Bank
2. RBL Bank
3. Axis Bank
4. IndusInd Bank
5. ICICI Bank
Answer – 1. HDFC Bank
Explanation: Hyundai Motor India Limited (HMIL) partnered with HDFC Bank to offer industry 1 st online auto retail financing on its
end-to-end online automotive retail platform, „Click to Buy‟ to the customers.
211. Name the bank which collaborated with Affordplan to launch co-branded health card called ‘Swasth Card’?
1. Yes Bank
2. Axis Bank
3. HDFC Bank
4. ICICI Bank
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5. IDBI Bank
Answer – 1. Yes Bank
Explanation: Yes Bank Limited has joined hands with Delhi-based fintech startup Affordplan, to launch a first of its kind co-branded
healthcare card called „Swasth Card‟ under Swasth program with the aim to enable families plan & manage their finances for their
healthcare needs.
212. Kolkata based UCO bank has partnered with which insurance company to offer various insurance products
for its customers?
1. SBI Life Insurance Company
2. Oriental Insurance Company
3. Religare Health Insurance Company
4. Star Health & Allied Insurance Company
5. All the above
Answer – 5. All the above
Explanation: United Commercial Bank (UCO Bank) partnered with four insurers namely, State Bank of India Life Insurance
Company, the Oriental Insurance Company & Religare Health Insurance Company, Star Health & Allied Insurance Company to offer
various insurance products for its customers.
213. The Karnataka Bank has launched a new product ‘KBL Micro Mitra’ for MSMEs recently. Who is the MD &
CEO of Karnataka Bank?
1. Mahabaleshwara M.S.
2. S.S. Mallikarjuna Rao
3. Polali Jayarama
4. Rakesh Makhija
5. Ajay Kumar
Answer – 1. Mahabaleshwara M.S.
Explanation: Karnataka Bank launched a new product „KBL Micro Mitra‟ for Micro, Small & Medium Enterprises (MSMEs). This
product will provide financial assistance up to Rs 10 lakhs to the Micro manufacturing & service enterprises for working capital or for
investment purposes.
214. RBI has extended special liquidity window for…………to YES bank for 3 months in June 2020?
1. 10000 cr
2. 30000 cr
3. 75000 cr
4. 25000 cr
5. 50000 cr
Answer – 5. 50000 cr
Explanation: The Reserve Bank of India extended a special liquidity window for Rs 50,000 crores to Yes Bank for three months, to
help private lenders cover for shortfall in deposits. The Yes bank was first provided with a special liquidity window for 3 months in
March, which ended in June. The bank has requested for the same facility for one year, against which the RBI has extended for another
3 months.
215. Which company has partnered with US Gold Currency Inc & Blockfills to introduce world’s 1st monetary gold-
backed US Gold digital currency in India & few other countries?
1. JP Morgan Chase
2. Mitsubishi UFJ Financial Group
3. IBMC Financial Professionals Group
4. MS & AD Group
5. American International Group
Answer – 3. IBMC Financial Professionals Group
Explanation: IBMC Financial Professionals Group in partnership with US Gold Currency Inc & Blockfills introduced the world‟s first
monetary gold-backed US Gold digital currency in India, Gulf Cooperation Council (GCC), Middle East & Africa. Each US Gold digital
currency is backed by a US American Eagle one-ounce (33.931 gram) gold coin, minted by the US Federal Agency, US Mint.
216. Name the bank which launched digital wallet named ‘Yuva Pay’ in partnership with UDMA Technologies Pvt Ltd?
1. RBL Bank
2. IDBI Bank
3. HDFC Bank
4. ICICI Bank
5. Yes Bank
Answer – 5. Yes Bank
Explanation: Yes Bank launches a digital wallet solution (app) „Yuva Pay‟ in partnership with UDMA Technologies Pvt. Ltd to enable
contactless payments for its customers. The wallet is issued under minimum Know Your Client (KYC) regulations. The solution aims to
help the low income group to access the digital & contactless transactions, which will enable broad access to secure electronic payment
services.
217. J&K Lt. governor GC Murmu has launched two loan schemes in J&K bank recently. Who is the CMD of J&K bank?
1. Rana Kapoor
2. R.K. Chhibber
3. Shyam Srinivasan
4. Ashok Kumar Pradhan
5. Mahabaleswar M.S.
Answer – 2. R.K. Chhibber
Explanation: Girish Chandra Murmu, the lieutenant governor of the Union Territory of Jammu & Kashmir, has rolled out 2
customized loan schemes of J&K Bank namely „J&K Bank Business Support Loan Scheme 2019-20‟ & „J&K Bank Business Support
Loan Scheme 2019-20 for Hotels & Guest Houses‟ with the aim to overcome business challenges that have stemmed up due to the
prevailing conditions.
218. What will be India’s per capita income during FY20-21 as per SBI report?
1. 1.53 lakh
2. 1.49 lakh
3. 1.43 lakh
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4. 1.21 lakh
5. 1.34 lakh
Answer – 3. 1.43 lakh
Explanation: As per the report by the economic wing of State Bank of India, Covid-19 pandemic is likely to bring down India‟s per
capita income by 5.4% in the financial year 2020-21 (FY21) to Rs 1.43 lakh from Rs 1.52 lakh in FY20. Delhi, Chandigarh & Gujarat will
be the worst hit with PCI falling 15.4%, 13.9% & 11.6% respectively in FY21 among states.
219. Which bank has partnered with PhonePe on the Unified Payments Interface (UPI) multi-bank model?
1. HDFC Bank
2. RBL Bank
3. Axis Bank
4. IndusInd Bank
5. ICICI Bank
Answer – 5. ICICI Bank
Explanation: Flipkart-owned PhonePe announced that it has partnered with ICICI Bank on the Unified Payments Interface (UPI)
multi-bank model, to provide its users the option to create & use multiple UPI IDs with ICICI Bank‟s „@ibl‟ handle & YES Bank‟s „@ybl‟
handle on the PhonePe app.
220. Which organisation has set up ‘Swavalamban Crisis Responsive Fund’ to facilitate free onboarding of MSMEs
on TReDS platform?
1. Reserve Bank of India (RBI)
2. Small Industries Development Bank of India (SIDBI)
3. National Housing Bank (NHB)
4. Industrial Finance Corporation of India (IFCI)
5. India Infrastructure Finance Company Ltd (IIFCL)
Answer – 2. Small Industries Development Bank of India (SIDBI)
Explanation: Small Industries Development Bank of India has informed that it has set up „Swavalamban Crisis Responsive Fund‟
(SCRF), an open-ended fund to facilitate free onboarding of Micro, Small & Medium Enterprises (MSMEs) on Trade Receivables
Discounting System (TReDS) platform.
221. The education improvement project ‘STARS’, which got $500 million world bank loan will be implemented
across how many states in India?
1. 5
2. 7
3. 6
4. 3
5. 9
Answer – 3. 6
Explanation: The board of executives of the World Bank has approved loan of $500 million (about Rs 3,700 crore) under
„Strengthening Teaching-Learning & Results for States Program (STARS)‟ project to improve the quality & governance of school
education across six states (Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha & Rajasthan) in India.
222. How much amount was granted by world bank to rejuvenate the Ganga through Second National Ganga River
Basin Project (SNGRBP) in June 2020?
1. $500 million
2. $350 million
3. $300 million
4. $450 million
5. $400 million
Answer – 5. $400 million
Explanation: The World Bank enhanced the support to India‟s programme to rejuvenate the Ganga with $400 million through 2nd
National Ganga River Basin Project, for the development of infrastructure projects Under the National Ganga River Basin Project.
223. The Reserve Bank of India has decided to extend the enhanced borrowing facility Under marginal standing
facility (MSF) provided to banks till…………..?
1. September 30, 2020
2. August 31, 2020
3. January 1, 2021
4. March 31, 2021
5. December 31, 2020
Answer – 1. September 30, 2020
Explanation: In exercise of power conferred under the Section 24 of the Banking Regulation Act, 1949, India‟s central bank, the
Reserve Bank of India has decided to extend the enhanced borrowing facility provided to banks till September 30, 2020 to meet the
liquidity shortage in the midst of the economic crisis caused by the coronavirus (COVID-19) epidemic.
224. Under which section of RBI act 1934, RBI has extended the minimum daily CRR maintenance of 80% by three
months until September 25, 2020?
1. Section 42(2)
2. Section 41(1)
3. Section 42(1)
4. Section 41(2)
5. Section 42(3)
Answer – 3. Section 42(1)
Explanation: In exercise of power conferred under the Section 42(1) of the Reserve Bank of India Act, 1934, the RBI has extended the
minimum daily cash reserve ratio (CRR) maintenance of 80% by three months until September 25, 2020.
ECONOMY & BUSINESS
225. The credit rating agency Moody’s has predicted India’s real Gross Domestic Product (GDP) to contract
by……...in fiscal 2021.
1. 4.5%
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2. 3.5%
3. 5%
4. 3%
5. 4%
Answer – 5. 4%
Explanation: Rating agency Moody‟s expects India‟s real Gross Domestic Product (GDP) to contract by 4% in fiscal 2021 due to the
COVID-19 pandemic and related lockdown measures. India‟s foreign-currency & local-currency long-term issuer ratings have been
downgraded to Baa3 from Baa2. Meanwhile India‟s local-currency senior unsecured rating was also reduced to Baa3 from Baa2 & its
short-term local currency rating to Prime (P)-3 from P-2. The outlook remains negative.
226. Indian Energy Exchange Limited (IEX) has started a Real-Time Market (RTM) to meet the demand for
electricity. Where is IEX located?
1. Gurugram
2. Patna
3. New Delhi
4. Mumbai
5. Hyderabad
Answer – 3. New Delhi
Explanation: Indian Energy Exchange Limited (IEX), an electronic system based power trading exchange, has started a real-time
market (RTM) to meet the demand for electricity. This will enable the power companies to buy & sell electricity according to their needs
only one hour before.
227. GAIL (India) Ltd signed MoU with EESL for development of Trigeneration projects in India. The GAIL (India)
functions under which ministry?
1. Ministry of Corporate Affairs
2. Ministry of Commerce & Industry
3. Ministry of Law & Justice
4. Ministry of Petroleum & Natural Gas
5. Ministry of Chemicals & Fertilizers
Answer – 4. Ministry of Petroleum & Natural Gas
Explanation: State-owned Natural gas company GAIL (India) Ltd (formerly known as Gas Authority of India Ltd) & Energy Efficiency
Services Ltd (EESL) signed Memorandum of Understanding for development of „trigeneration‟ projects in India through video
conference. GAIL (India) Ltd was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of
Petroleum & Natural Gas.
228. What will be the India’s growth in the year FY21 as per Survey of Professional Forecasters (SPF) sponsored by RBI?
1. -2%
2. -2.5%
3. -3%
4. -1.5%
5. -3.5%
Answer – 4. -1.5%
Explanation: The Reserve Bank of India has released the results of 3 surveys‟ namely-Consumer Confidence Survey (CCS)-May 2020;
Survey of Professional Forecasters (SPF) on Macroeconomic Indicators (64th round) & Inflation Expectations Survey of Households
(IESH)-May 2020. As per this survey, India‟s gross domestic product growth may contract by 1.5 % for the current fiscal year (FY21).
229. Which company has signed the United Nations Global Compact’s (UNGC) initiative to reduce the CO2 emissions?
1. TCS
2. Tech Mahindra
3. CTS
4. L&T
5. Infosys
Answer – 2. Tech Mahindra
Explanation: Tech Mahindra Ltd, an IT subsidiary of the Mahindra Group has joined 155 global companies by inking a joint
declaration with United Nations Global Compact urging governments to align their COVID-19 recovery efforts with the latest climate
science.
230. What will be the growth of India in FY2020-21 as per World Bank’s Global Economic Prospect June 2020?
1. -4.8%
2. -4%
3. -2.5%
4. -2%
5. -3.2%
Answer – 5. -3.2%
Explanation: The Washington based multilateral lender, World Bank in its latest edition of the Global Economic Prospect (GEP) June
2020 analytical chapters reports states that India‟s growth is contract by 3.2% (so growth is -3.2%) for FY20-21. It was lower from 4.2%
which forecasted in FY2019-20 at the end of March 2020.
231. According to World Bank’s report, global economy will contract by…………% in 2020?
1. 5.2
2. 3.2
3. 1.2
4. 4.2
5. 2.3
Answer – 1. 5.2
Explanation: According to the World Bank, the massive shock of the COVID-19 Pandemic & lockdown measures for its containment
will lead to a contraction of the global economy by 5.2% in 2020.
232. Find the digital technology company which has partnered with UNDP, HCCB for plastic waste management
Project named ‘Prithivi’?
1. TCS
2. Infosys
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3. Recykal
4. Wipro
5. HCL
Answer – 3. Recykal
Explanation: Recycling plays an important role in enhancing the circular economy. However, lack of awareness poses challenges
towards management of plastic waste & recycling. In order to overcome this situation, Recykal, a digital technology company in the
waste management space collaborated with United Nations Development Programme (UNDP) & Hindustan Coca-Cola Beverages Pvt.
Ltd (HCCB) for Project Prithvi, a joint initiative for developing sustainable plastic waste management practices in the country.
233. Which agency/corporation has collaborated with TCS to provide its training partners access to the TCS iON
Digital Glass Room?
1. National Skill Development Corporation
2. National Skill Development Agency
3. Industrial training institute
4. Tata STRIVE Extension Centre
5. Skill Development & Entrepreneurship Agency
Answer – 1. National Skill Development Corporation
Explanation: Tata Consultancy Services (TCS) iON, unit of TCS, partnered with the National Skill Development Corporation (NSDC)
to provide its training partners access to the TCS iON Digital Glass Room, a web-based digital education platform so as to enable online
vocational skills training for millions of students across the country.
234. What will be the growth rate of India in next fiscal (FY 2021-22) as per Fitch ratings?
1. 8.6%
2. 7.1%
3. 6.2%
4. 5%
5. 9.5%
Answer – 5. 9.5%
Explanation: After a contraction in the current financial year, India‟s economy is forecast to bounce back with a sharp growth rate of
9.5% next fiscal, Fitch Ratings has said. It has forecast a 5% contraction in the GDP in the ongoing financial year.
235. Which company has won the world’s largest solar contract worth $6 billion recently?
1. Vestas India
2. Adani Green Energy Limited
3. Orient Green Power Ltd
4. Suzlon Energy Limited
5. Regen Powertech Pvt. Ltd
Answer – 2. Adani Green Energy Limited
Explanation: Gautam Adani led Adani Green Energy Limited (AGEL) has won one of world‟s largest solar contract from Solar Energy
Corporation of India (SECI) to develop 8 GW of solar projects along with a commitment to establish 2 GW of additional solar cell &
module manufacturing capacity at cost of Rs 45,000 crore or $6 bilion, creating 4 lakh direct & indirect jobs.
236. What will be the GDP of India in FY 2020-21 in case of 2nd COVID-19 outbreak, as per Economic Outlook, June
2020 by OECD?
1. -5.6%
2. -5%
3. -4.7%
4. -7.3%
5. -6.7%
Answer – 4. -7.3%
Explanation: In accordance with the Economic Outlook, June 2020 by Organisation for Economic Co-operation & Development
(OECD), India‟s Gross Domestic Product for FY 2020-2021 predicted at -3.7% which can further decelerate to -7.3% in case of second
Covid-19 outbreak, the lowest estimate for India‟s growth so far, overtaking Bernstein‟s projected 7% contraction for India in FY21.
237. According to ‘Global Trade Update 2020’ released by UNCTAD, international trade is expected to fall by 27% in
Q2 of 2020. Where is the HQ of UNCTAD located?
1. Geneva
2. New York
3. New Delhi
4. Rome
5. London
Answer – 1. Geneva
Explanation: According to the report „Global Trade Update 2020‟ released by the United Nations Conference on Trade &
Development (UNCTAD), the value of international trade in goods fell by 5% in the first quarter (Q1) of 2020 & is expected to plunge
further by 27% in the ongoing second quarter (Q2) due to the unprecedented effects of the coronavirus (COVID-19) pandemic. It has
also forecasted a 20% annual decline in trade for the year 2020.
238. The FOREX reserve of India crossed $..........for the 1st time as per RBI data (in June 2020)?
1. 600 billion
2. 450 billion
3. 500 billion
4. 550 billion
5. 400 billion
Answer – 3. 500 billion
Explanation: In accordance with the weekly statistical data released by the Reserve Bank of India, India‟s foreign reserves crossed the
$500 billion mark as the nation had forex reserves of $501.7 billion as of June 5, 2020 a rise of $8.22 billion in a week. India‟s forex
reserves comprise foreign currency assets, gold reserves, special drawing rights (SDRs) & India‟s reserve position with the International
Monetary Fund (IMF).
239. Which company has signed Climate pledge (initiative Amazon & Global Optimism) to become Net-Zero carbon
by 2040?
1. TCS
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2. IBM
3. Infosys
4. CTS
5. Capgemini
Answer – 3. Infosys
Explanation: Infosys partnered with Amazon & Global Optimism & signed the Climate Pledge, an initiative by Jeff Bezos, founder of
Amazon & Christiana Figueres, founder of Global Optimism and former United Nations Climate chief to become net-zero carbon by
2040, ten years ahead of the Paris Agreement.
240. Find the Indian start-ups which were part of the List of Technology Pioneers of 2020, released by the World
Economic Forum (WEF)?
1. Stellapps
2. Zestmoney
3. Snapdeal
4. Both 1. & 2.
5. Both 1. & 3.
Answer – 4. Both 1. & 2.
Explanation: Two Indian startups Stellapps & Zestmoney were featured in the List of Technology Pioneers of 2020, released by the
World Economic Forum (WEF) which consists of pioneers addressing the global issues with advanced technologies.
241. Which company has partnered with Karnataka bank to launch a health insurance policy to cover COVID-19?
1. United India Insurance Company Limited
2. The Oriental Insurance Company Limited
3. The New India Assurance Company Limited
4. Universal Sompo General Insurance Company
5. TATA AIG General Insurance Company Limited
Answer – 4. Universal Sompo General Insurance Company
Explanation: Karnataka Bank in partnership with Universal Sompo General Insurance Company has launched a health insurance
policy. The policy aims to cover the individuals‟ COVID-19 pandemic related health expenses.
242. Find the insurance company which has collaborated with East Consultancy Services to offer Aadhaar-based
paperless offline e-KYC service?
1. Life Insurance Corporation of India
2. Max Life Insurance Company
3. HDFC Life Insurance Company
4. ICICI Prudential Life Insurance
5. Tata AIA Life Insurance Company
Answer – 5. Tata AIA Life Insurance Company
Explanation: Tata AIA Life Insurance partnered with East Consultancy Services to offer Aadhaar-based paperless offline e-Know Your
Customer (KYC) service. This tie up helps to service the customer during the COVID-19 pandemic crisis.
243. India’s economy will contract by………in 2020-21 as per estimation of Asian Development Bank in its report
titled Asian Development Outlook?
1. 4%
2. 5.5%
3. 5%
4. 4.5%
5. 6%
Answer – 1. 4%
Explanation: In accordance with the Asian Development Outlook by Asian Development Bank (ADB), for FY20-21, Indian economy is
projected to contract by 4% in fiscal year 2020, ending on March 31, 2021, before growing 5.0% in FY2021.
244. Name the company which has become India’s first to hit 11 trillion rupees’ market capitalization (on June 19, 2020)?
1. Tata Consultancy Services
2. Infosys
3. ICICI Bank
4. Kotak Mahindra
5. Reliance Industries Ltd
Answer – 5. Reliance Industries Ltd
Explanation: Reliance Industries Ltd (RIL) became the first Indian company to reach a market capitalization of Rs 11 trillion, as the
company was valued at Rs 11.15 trillion. With this, RIL accounts for nearly 9% of the country‟s total m-cap of Rs 138 trillion. Its stock on
Bombay stock exchange (BSE) was record high at Rs 1,738.95. Notably the company‟s share doubled since mid-March 2020.
245. What will be the contraction in India’s GDP in 2020 as per estimation of Moody’s?
1. 4%
2. 4.4%
3. 3.1%
4. 5%
5. 2.9%
Answer – 3. 3.1%
Explanation: According to the Moody‟s Global Macro Outlook report for June 2020, there will be a contraction of 3.1% in India‟s
gross domestic product (GDP) in 2020 & expects a change in geographical conditions in Asia due to tensions at the border between
India & China.
246. Which is the only G20 country that will record growth in economy in 2020, as per Moody’s?
1. South Korea
2. Japan
3. Saudi Arabia
4. India
5. China
Answer – 5. China
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Explanation: On a larger scale, in this report, it has been said about the economy of the G20 (Group of 20) countries for 2020 that a
contraction of 4.6% will be seen. But, in 2021, these economies will grow at a rate of 5.2%. China will be the only G-20 country to record
growth in 2020 with a growth rate of 1% and 7.1% in 2021 thereafter.
247. What will be India’s GDP in FY21 as per India Ratings & Research (Ind-Ra)?
1. -3.1%
2. -4.7%
3. -3.9%
4. -5.3%
5. -2.8%
Answer – 4. -5.3%
Explanation: In accordance with the India Ratings & Research (Ind-Ra), India‟s Gross domestic Product (GDP) is likely to shrink by
5.3% in FY20-21, the lowest GDP growth in the Indian history. It will contract in each quarter in FY21 (April 2020 to March 2021). For
FY21-22, it is expected that GDP growth would bounce back in the range of 5-6%.
248. What will be the GDP of India in 2020 as per estimation of International Monetary Fund (IMF)?
1. -4.9%
2. -5.3%
3. -3.2%
4. -4.5%
5. -3.9%
Answer – 4. -4.5%
Explanation: The International Monetary Fund in the June 2020 update „A Crisis Like No Other, An Uncertain Recovery‟ of its
flagship World Economic Outlook, has predicted that the Indian economy will have a big 4.5% contraction in 2020 & it will come down
to a historic low. At the same time, the IMF has reported a global growth rate of negative 4.9% in 2020, which is 1.9% points lower than
the estimate made in April 2020 World Economic Outlook forecast. For 2021, growth rate is expected to be 5.4%.
249. Which country has awarded Project Management Consultancy (PMC) Contract of 500 MW Solar Park to NTPC?
1. Ivory Coast
2. Guinea
3. Niger
4. Senegal
5. Mali
Answer – 5. Mali
Explanation: The Republic of Mali awarded the Project Management Consultancy (PMC) contract for the development of a 500 MW
solar park in Mali to NTPC Limited (formerly known as National Thermal Power Corporation Limited).
250. Name the bank which has partnered with Bengaluru based SOLV business platform to launch credit card for
MSMEs?
1. HSBC Bank
2. BNP Paribas
3. Deutsche Bank
4. Standard Chartered Bank
5. Bank of China
Answer – 4. Standard Chartered Bank
Explanation: SOLV, a B2B (business to business) digital platform for Micro, Small & Medium Enterprises (MSMEs), has launched a
tailor-made credit card in partnership with Standard Chartered Bank, India. SOLV MSME Credit Card provides MSME clients with a
ready means to meet ongoing business expenses including supplier payments, fuel, logistics, purchase of raw material, utility payments
& working capital outlays.
251. World Bank has sanctioned $500 million to which country for cross country (which includes Indian border)
road projects?
1. Pakistan
2. Nepal
3. China
4. Bhutan
5. Bangladesh
Answer – 5. Bangladesh
Explanation: World Bank has sanctioned $500 million for „Western Economic Corridor & Regional Enhancement (WeCARE) Phase I
project‟ to improve road connectivity in Bangladesh‟s Jashore-Jhenaidah corridor, which consists of four western districts to connect
with the capital Dhaka as well as with India & Bhutan.
252. What will be the India’s GDP growth in 2020 as per S&P global ratings?
1. -5%
2. -4%
3. -6%
4. -3%
5. -7%
Answer – 1. -5%
Explanation: According to the S&P Global Ratings report titled „Asia-Pacific losses near USD 3 trillion as balance sheet recession
looms‟, India‟s economy is expected to contract by 5% in 2020 before rebounding in 2021 & Asia-Pacific‟s economy will contract by
1.3% in 2020 but show 6.9% growth in 2021.
MoUs & AGREEMENTS
253. Which Indian state has signed MoU with Industries & Business Chambers to promote the MSME sector &
provide employment for migrant workers?
1. Jharkhand
2. Bihar
3. Madhya Pradesh
4. Uttar Pradesh
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5. Odisha
Answer – 4. Uttar Pradesh
Explanation: The State MSME Minister Sidharth Nath in the presence of UP CM Yogi Adityanath signed the MoU with the Industries
& Business Chambers to promote the MSME sector & provide employment for around 10 lakhs skilled & semi-skilled workers.
254. The board of which PSU has approved to sign the MoU with Japan based MELCO recently?
1. PFC
2. REC
3. BHEL
4. OIL
5. BEML
Answer – 5. BEML
Explanation: The Board of BEML (formerly Bharat Earth Movers Limited) in its 362 nd meeting has given its approval for signing a
Memorandum of Understanding with MELCO to study & planning for initiating a joint venture company between BEML & MELCO.
This approval is on the lines of invitation of BEML regarding Expression of Interest for Manufacturing, Partnerships under „Make in
India‟ policy.
255. Which miniratna company has signed MoU with NIIFL & AYANA to explore & collaborate on opportunities in
the solar energy sector recently?
1. Bharat Coking Coal Limited
2. Airports Authority of India
3. Gail (India) Limited
4. NTPC Limited
5. IRCON International Ltd
Answer – 5. IRCON International Ltd
Explanation: IRCON International Ltd, a Miniratna (Category-I) Schedule, public sector enterprise has signed a Memorandum of
Understanding with National Investment & Infrastructure Fund Limited (NIIFL) & Ayana Renewable Power Private Limited (AYANA),
NIIF platform company to explore & collaborate on opportunities in the solar energy sector.
256. Which country has signed MoU with India in June 2020 for Mutual Logistics Support Agreement (MLSA) to
increase military inter-operability?
1. Singapore
2. United States
3. Japan
4. Australia
5. United Kingdom
Answer – 4. Australia
Explanation: Canberra, Australia & New Delhi, India signed Mutual Logistics Support Agreement (MLSA) to increase military inter-
operability through defence exercises between the two countries. Means, this agreement enables both nations to access military bases
for logistics support.
257. ISRO has signed MoU with which institute for cooperation in Space Situational Awareness, Astrophysics?
1. ARIES
2. GEMINI
3. VIRGO
4. TAURUS
5. LEO
Answer – 1. ARIES
Explanation: For the cooperation in the Field of Space Situational Awareness & Astrophysics, The Indian Space Research
Organization (ISRO), Bengaluru signed a Memorandum of Understanding with the Aryabhatta Research institute of Observational
Science (ARIES), Nainital.
258. Which country has signed MoU with India to develop strong cooperation & promote strategic intervention in
the power sector?
1. Germany
2. Denmark
3. Argentina
4. Nepal
5. Japan
Answer – 2. Denmark
Explanation: To develop strong cooperation & promote strategic intervention in the power sector, an Memorandum of Understanding
on the Indo-Denmark Cooperation between the Ministry of Power, Government of the Republic of India & the Ministry for Energy,
Utilities & Climate, Government of the Kingdom of Denmark was signed on June 5, 2020. The MOU was signed by the Secretary
(Power), Sanjiv Nandan Sahai & Ambassador of Denmark to India, Freddy Svane.
259. Which ITI has signed MoU with National Fertilizers Limited (NFL) to train youths in 12 trades under Dual
System of Training Scheme?
1. ITI Noida
2. ITI Bhopal
3. ITI Nangal
4. ITI Coimbatore
5. ITI Panaji
Answer – 3. ITI Nangal
Explanation: In a big boost to the „Skill India‟ initiative of the Government of India, National Fertilizers Limited (NFL), a Central
Public Sector Enterprise works under the Ambit of Ministry of Chemicals & Fertilizers, has signed a Memorandum of Understanding
with Industrial Training Institutes (ITI) Nangal (Punjab) to train youths in 12 trades under Dual System of Training Scheme.
260. Find the company which has signed MoU with ICAR for joint research, testing & validation of different products?
1. Tribal Cooperative Marketing Development Federation of India (TRIFED)
2. Indian Farmers Fertilizer Cooperative (IFFCO)
3. Confederation of Indian Industry (CII)
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4. Agricultural & Processed Food Products Export Development Authority (APEDA)

5. Federation of Indian Chambers of Commerce & Industry (FICCI)
Answer – 2. Indian Farmers Fertilizer Cooperative (IFFCO)
Explanation: Indian Farmers Fertilizer Cooperative (IFFCO) Ltd signs Memorandum of Understanding with the Indian Council of
Agricultural Research (ICAR) for joint research, testing & validation of different products through ICAR institutes & Krishi Vigyan
Kendras (KVKs).
APPOINTMENTS & RESIGNATIONS
261. Name the person who has been appointed as the chairman of the advisory committee on Service provider of
Insolvency & Bankruptcy Board of India (IBBI)?
1. PR Ramesh
2. TV Mohandas Pai
3. Shrikrishna Kulkarni
4. Binoy J. Kattadiyil
5. Vellayan Subbiah Murugappa
Answer – 2. TV Mohandas Pai
Explanation: The Insolvency & Bankruptcy Board of India (IBBI) reorganised its advisory committee on service providers &
appointed TV Mohandas Pai, Service Chairman of Manipal Global Education as its chairman to support the 12-member panel & provide
professional insights on the service providers handled by the IBBI.
262. Who was appointed as the Managing Director of India Infrastructure Finance Company Limited for 3 years by
Finance Ministry?
1. PR Jaishankar
2. Harsha Bungari
3. VSV Rao
4. Sunil Kumar Bansal
5. Pankaj Jain
Answer – 1. PR Jaishankar
Explanation: The Ministry of Finance appointed PR Jaishankar as the Managing Director of the India Infrastructure Finance
Company Limited (IIFCL) for 3 years.
263. Arun Singhal was appointed as the CEO of which organization recently?
1. Agricultural & Processed Food Products Export Development Authority (APEDA)
2. Central Drugs Standard Control Organization (CDSCO)
3. Food Corporation of India (FCI)
4. Food Safety-Standards Authority of India (FSSAI)
5. None of these
Answer – 4. Food Safety & Standards Authority of India (FSSAI)
Explanation: The Appointments Committee of the Cabinet, Government of India, has approved the appointment of Arun Singhal, a
1987-batch Indian Administrative Service officer of Uttar Pradesh cadre, as Chief Executive Officer of Food Safety & Standards
Authority of India (FSSAI).
264. RBI has extended the tenure of Subramanian Sundar as MD & CEO of Lakshmi Vilas Bank (LVB) recently.
Where is the HQ of LVB located?
1. Cochin
2. Chennai
3. Bengaluru
4. New Delhi
5. Mumbai
Answer – 2. Chennai
Explanation: The Reserve Bank of India approved the extension of tenure for Lakshmi Vilas Bank (LVB) Managing Director & Chief
Executive Officer, Subramanian Sundar by 6 months from May 31, 2020 to November 30, 2020 or till the appointment of new person
for the post whichever is earlier.
265. Who has been appointed as the new president of Confederation of Indian Industry (CII)?
1. Vikram Kirloskar
2. Uday Kotak
3. Sangita Reddy
4. Sanjiv Mehta
5. Pawan K. Agarwal
Answer – 2. Uday Kotak
Explanation: The Confederation of Indian Industry (CII) announced its new office bearers for 2020-2021. Uday Kotak, Managing
Director & CEO of Kotak Mahindra Bank succeeds Vikram Kirloskar, Chairman & Managing Director of Kirloskar System & vice
chairman of Toyota Kirloskar Motor as the new President of CII.
266. Virendra Nath Datt was appointed as Chairman & Managing Director of National Fertilizers Limited (NFL).
Where is the HQ of NFL located?
1. Guwahati
2. Ranchi
3. Patna
4. Noida
5. Gangtok
Answer – 4. Noida
Explanation: Virendra Nath Datt has taken over the additional charge as Chairman & Managing Director of National Fertilizers
Limited (NFL). He has been director (marketing) of the company since October 2018.
267. Who was appointed as the brand ambassador of Adidas recently?
1. Manushi Chhillar
2. Priyanka Chopra
3. Yukta Mukhi
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4. Diana Hayden
5. Aishwarya Rai
Answer – 1. Manushi Chhillar
Explanation: The former Miss World 2017 Manushi Chhillar joined Rohit Sharma, Indian star Batsman, Hima Das Sprinter from
Assam & Actor Ranveer Singh as the brand ambassador of Adidas. She supports the #HOMETEAMHERO challenge of Adidas to stay
physically & mentally fit in the lockdown due to COVID-19 & use sports as a platform to inspire & encourage the women & children to
take up sports.
268. Former Miss World Manushi Chhillar joined the global initiative of #RedDotChallenge campaign recently.
Which organization launched this campaign?
1. International Monetary Fund (IMF)
2. United Nations Industrial Development Organization (UNIDO)
3. United Nations Children‟s Fund (UNICEF)
4. Food& Agriculture Organization (FAO)
5. United Nations Educational, Scientific & Cultural Organization (UNESCO)
Answer – 3. United Nations Children’s Fund (UNICEF)
Explanation: On Menstrual Hygiene Day, May 28, 2020, 23-year-old, former Miss World Manushi Chhillar collaborated in the global
initiative of the United Nations Children‟s Fund (UNICEF), the „Red Dot Challenge‟ to create awareness & to educate the girls about
menstrual hygiene & construction of sanitation facilities & access to hygiene products.
269. Name the Indian who has been appointed as the senior advisor at World Bank recently?
1. Brajendra Navnit
2. Ravi Kota
3. Lekhan Thakkar
4. Rajeev Topno
5. H. Atheli
Answer – 4. Rajeev Topno
Explanation: Cabinet‟s Appointment committee approved the appointments of Rajeev Topno, the private secretary to the Prime
Minister as Senior Advisor to the Executive Director, World Bank & Brajendra Navnit, the Joint Secretary in the Prime Minister‟s Office
(July 2014-September 2019) as Ambassador & Permanent Representative of India to the World Trade Organisation & will be posted at
the Permanent Mission of India (PMI) to the WTO, under the Department of Commerce. He replaced JS Deepak at the PMI whose two-
year extended term ended on May 31.
270. Who was appointed as India’s permanent representative to WTO recently?
1. Brajendra Navnit
2. Ravi Kota
3. Lekhan Thakkar
4. Rajeev Topno
5. H. Atheli
Answer – 1. Brajendra Navnit
Explanation: Cabinet‟s Appointment committee approved the appointments of Rajeev Topno, the private secretary to the Prime
Minister as Senior Advisor to the Executive Director, World Bank & Brajendra Navnit, the Joint Secretary in the Prime Minister‟s Office
(July 2014-September 2019) as Ambassador & Permanent Representative of India to the World Trade Organisation & will be posted at
the Permanent Mission of India (PMI) to the WTO, under the Department of Commerce. He replaced JS Deepak at the PMI whose two-
year extended term ended on May 31.
271. K. Shanmugam gets 3-month extension as the chief secretary of which state?
1. Andhra Pradesh
2. Tamil Nadu
3. Madhya Pradesh
4. Goa
5. Telangana
Answer – 2. Tamil Nadu
Explanation: Centre approves the 3-month extension (August 1-October 31) of Tamil Nadu Chief Secretary K. Shanmugam, a 1985-
batch Indian Administrative Service officer who assumed charge on June 30, 2019, after the retirement of incumbent Girija
Vaidyanathan. K. Shanmugam was to retire from service on July 31, 2020.
272. Who was appointed as the 1stever brand ambassador of IIFL Finance?
1. Rohit Sharma
2. MS Dhoni
3. KL Rahul
4. Ajinkya Rahane
5. Virat Kohli
Answer – 1. Rohit Sharma
Explanation: R. Venkataraman, Managing Director & Co-Promoter of IIFL Group announced that the Vice-Captain of Indian Cricket
Team, Rohit Sharma signed & became the first brand ambassador of the IIFL Finance.
273. Name the person who was appointed as the 1st Indian origin Chair of BAFTA?
1. Jyoti Prasad Agarwala
2. Dasari Ramathilakam
3. Vemuri Gaggaiah
4. Ardeshir Irani
5. Krishnendu Majumdar
Answer – 5. Krishnendu Majumdar
Explanation: The British Academy of Film & Television Arts(BAFTA) appointed Emmy-winning television producer of „Hoff The
Record‟ Krishnendu Majumdar as its chairperson for the next 3 years. He becomes the 1 st Indian origin Chair from the United Kingdom
in its 73 year-long history & is also the youngest chair in 35 years. He succeeds Pippa Harris who will continue as a deputy chairperson.
274. Who has been appointed as the UNADAP’s ‘Goodwill Ambassador to the Poor’?
1. Nethra
2. Krithika
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