Daily Current Affairs Quiz: February 13, 2021
February 13, 2021 May 21, 2021
1. The foreign grants received by NGOS in the country are regulated by which act?
[A] Foreign Contribution Regulation Act (FCRA)
[B] Foreign Exchange Management Act (FEMA)
[C] Anti-money Laundering Act
[D] Non-Government Organisations Act
Show Answer
Correct Answer: A [Foreign Contribution Regulation Act (FCRA)]
Notes:
Foreign grants received by NGOs are regulated by the Foreign Contribution (Regulation) Act, 2010 or FCRA. After registering with the Home Affairs Ministry, the NGO would be provided a unique FCRA registration number, to be renewed every five years.
As per the recent Government data, the FCRA licences of over 20,600 NGOs were cancelled in the last 10 years, on violation of the provisions of FCRA act.
2. Which mutual fund house is to distribute Rs 9,122 cr to Franklin Templeton unitholders?
[A] SBI Mutual Fund
[B] ICICI Pru Mutual Fund
[C] HDFC Mutual Fund
[D] ABSL Mutual fund
Show Answer
Correct Answer: A [SBI Mutual Fund]
Notes:
The Supreme Court (SC) recently approved the mechanism proposed by SBI Mutual Fund to distribute Rs 9,122 crore to the Franklin Templeton unitholders.
This distribution mechanism was framed in consultation with the Securities and Exchange Board of India (SEBI) and Franklin Templeton MF. In April 2020, the Franklin shut down six debt schemes over redemption pressure.
3. As per the recent CAG data, what is the profit earned by 247 central public sector enterprises (CPSEs) during 2018-19?
[A] Rs 56,000 crore
[B] Rs 98000 crore
[C] Rs 1.78 lakh crore
[D] Rs 3.20 lakh crore
Show Answer
Correct Answer: C [Rs 1.78 lakh crore]
Notes:
The Comptroller Auditor General (CAG) announced that 247 central public sector enterprises (CPSEs) earned profit of Rs 1.78 lakh crore during 2018-19.
Out of the total profit, 73% was contributed by 63 companies in the fields of petroleum, coal and lignite and power. It also revealed that 189 CPSEs had suffered losses of Rs 1.4 lakh crore as on March 31, 2019.
4. Smart-Up grants, which was making news recently, is associated with which Indian bank?
[A] ICICI Bank
[B] Axis Bank
[C] HDFC Bank
[D] Yes Bank
Show Answer
Correct Answer: C [HDFC Bank]
Notes:
HDFC Bank announced that it is inviting applications from start-ups and entrepreneurs for its SmartUp grants under Parivartan, its corporate social responsibility (CSR) brand.
The bank is to focus on start-ups in the education (edtech) and skill development sector this year. HDFC bank has partnered with nine start-up incubators registered with the Electronics and IT Ministry, to mentor the start-ups selected for the grant.
5. Where is the headquarters of the Indian Drugs & Pharmaceuticals Ltd located?
[A] Hyderabad
[B] Jaipur
[C] Gurgaon
[D] Bengaluru
Show Answer
Correct Answer: C [Gurgaon]
Notes:
Indian Drugs and Pharmaceuticals Limited (IDPL) is a state-owned pharmaceutical, bulk drug manufacturing and drug discovery company headquartered in Gurgaon.
Recently, it was announced that IDPL and Rajasthan Drugs & Pharmaceuticals Ltd (RDPL) would be closed. The Government is to disinvest Hindustan Antibiotics Ltd (HAL), Bengal Chemicals & Pharmaceuticals Ltd (BCPL), and Karnataka Antibiotics & Pharmaceutical Ltd (KAPL).
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Shashikumar
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