Daily Current Affairs Quiz: December 08, 2020
December 8, 2020 May 21, 2021
1. Which is the knowledge partner of Microsoft for the India edition of the Imagine Cup 2021?
[A] National Skill Development Corporation
[B] NITI Aayog
[C] myGov
[D] Door Darshan
Show Answer
Correct Answer: A [National Skill Development Corporation]
Notes:
Microsoft India and the National Skill Development Corporation (NSDC) have partnered for the India edition of the Microsoft Imagine Cup 2021.
Imagine Cup is an annual innovation challenge held by Microsoft for students and technology enthusiasts. It aims to empower students to apply artificial intelligence and other technologies to solve the sustainability issues of the world.
2. What is the new repo rate after the RBIS’s Monetary Policy Committee meeting of December 2020?
[A] 4.2 per cent
[B] 4.0 per cent
[C] 3.8 per cent
[D] 3.5 per cent
Show Answer
Correct Answer: B [4.0 per cent]
Notes:
The Reserve Bank of India’s Monetary Policy Committee (MPC) held on December 4, 2020 decided to keep interest rates unchanged with an “accommodative” policy stance.
The MPC has kept repo rate unchanged at 4% and maintained reverse repo rate at 3.35%. RBI also predicted a real GDP growth of -7.5% for FY21, from the earlier prediction of -9.5%. MPC also expected that the inflation rate will remain high.
3. The Supreme court has upheld that GST shall be imposed on which type of goods, referring as ‘Actionable claims’?
[A] Lottery
[B] Medicine
[C] Vaccine
[D] Two-wheelers
Show Answer
Correct Answer: A [Lottery]
Notes:
The Supreme court on Thursday upheld that the Goods and Service Tax (GST) shall be imposed on the sale of lotteries, betting and gambling.
The Bench also highlighted that the GST Act, 2017 defines the goods to include ‘actionable claims’ and included only three categories of such claims namely lottery, betting and gambling, to levy GST. Actionable claim is the claim for a debt related to any benefit from unpossessed movable property and for which relief can be claimed in civil court.
4. The CLMV Countries are the group of countries belonging to which regional organisation?
[A] ASEAN
[B] Common Wealth
[C] G-20
[D] G-7
Show Answer
Correct Answer: A [ASEAN]
Notes:
CLMV countries are Cambodia, Laos, Myanmar and Vietnam. They are also the members of the Association of South East Nations (ASEAN).
During the Inaugural Session of the 6th India – CLMV Business Conclave 2020, India invited the CLMV countries to join the International Solar Alliance and the Resilient Supply Chain Initiative by India.
5. Bashan Char Island, which were seen in the news, are located in which country?
[A] Japan
[B] China
[C] Bangladesh
[D] Laos
Show Answer
Correct Answer: C [Bangladesh]
Notes:
Bhasan Char is an uninhabited island in Bangladesh. It is located in the Bay of Bengal, about 60 kilometers from the mainland.
The Bangladesh government started the process of relocating the Rohingyas from Cox’s Bazar refugee camp to the newly developed facility at the Bhashan char Island. Bangladesh constructed shelter houses for Rohingya refugees at an estimated cost of 2,300 crore takas.
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