Daily Current Affairs Quiz: October 20, 2020
October 20, 2020 May 21, 2021
1. The Central Government is to borrow Rs 1.10 lakh crore on behalf of the states, to meet which shortfall?
[A] State Revenue Deficit
[B] GST compensation
[C] Grants for urban local bodies
[D] Assistance to SDRF
Show Answer
Correct Answer: B [GST compensation]
Notes:
As per the recent notification of the Finance Ministry, the Central Government will borrow Rs 1.10 lakh crore to overcome the shortfall in Good and Services Tax (GST) collection.
The Goods and Services Tax (GST) introduced in July 2017 mandates that the Central government would compensate the states if their revenue growth dropped below 14 per cent a year. Due to the economic slowdown, there is a huge shortfall in GST collection.
2. Which institution has called for emergency financing of USD 25 billion to help the poorest countries to tackle Covid-19?
[A] ADB
[B] AIIB
[C] World Bank
[D] IMF
Show Answer
Correct Answer: C [World Bank]
Notes:
The World Bank has called for an emergency financing of USD 25 billion, to help the poorest countries of the world, to tackle the challenges of Covid-19 pandemic.
Recently, the World Bank head David Malpass told the Finance ministers and Central bank Governors of the G20 major economies that he would propose the supplemental financing package to deputies of the International Development Association (IDA).
3. “Grow, nourish, sustain. Together. Our actions are our future” is the theme of which special day celebrated on October 16?
[A] World Earth Day
[B] World Food Day
[C] World Nutrition Day
[D] World Livelihood Day
Show Answer
Correct Answer: B [World Food Day]
Notes:
The World Food Day 2020 is celebrated every year on October 16 across the world, to raise awareness about the importance of good food and nutrition.
The World Food Day 2020 theme is “Grow, Nourish, Sustain. Together. Our actions are our future”. The Food and Agricultural Organisation (FAO) is leading the celebrations and activities conducted on this day across the world.
4. In which state/UT, was the operation of first phase of International Institute of Advanced Virology (IIAV) inaugurated?
[A] Karnataka
[B] Maharashtra
[C] Kerala
[D] Uttar Pradesh
Show Answer
Correct Answer: C [Kerala]
Notes:
Kerala Chief Minister Pinarayi Vijayan has recently inaugurated operations of the first phase of the International Institute of Advanced Virology.
It has been located at the Life Science Park at Thonakkal in Thiruvananthapuram. Renowned virologist, Dr Akhil Banerjee was appointed as the Head of the research Institute, which is currently under the Department of Science and Technology.
5. Where is the headquarters of Broadcast Audience Research Council (BARC) located?
[A] New Delhi
[B] Mumbai
[C] Gurugram
[D] Hyderabad
Show Answer
Correct Answer: B [Mumbai]
Notes:
Television rating agency Broadcast Audience Research Council (BARC) announced to suspend audience estimates and ratings for news channels for the next three months.
The Parliamentary Panel on Information Technology has also suggested that the present method of data collection is outdated and should be replaced with newer technological innovations. BARC is a joint industry body headquartered at Mumbai.
The above 5 questions are part of Daily Current Affairs 20 MCQs Series in GKToday Android Application. This series can be subscribed in the app only for Rs. 799/- for entire year.
Download Now
