Current Affairs Quiz December 17th 2020

Current Affairs Quiz December 17th 2020

Here is the Current affairs quiz December 17th 2020 for RBI/NABARD/SEBI in the quiz series. This quiz series is also useful for IBPS/SBI PO, Railway recruitment, LIC AAO and clerical exams. The questions covers current affairs, static financial knowledge and other  important topics which can be asked in competitive exams. Answers are given at the end of the quiz.

Current affairs quiz December 17th 2020

Q1. Vijay Diwas is observed annually in India on _______?

  1. 16th December
  2. 17th December
  3. 18th December
  4. 19th December

Answer: (1)
India celebrates December 16 as Vijay Diwas to commemorate its victory over Pakistan during the 1971 war. This year marks the beginning of the 50th anniversary year celebrations of India’s victory over Pakistan that led to the creation of Bangladesh from erstwhile East Pakistan

Q2. Who among the following is one of the recipient of Young Champions of the Earth award 2020?

  1. Dr Krithi Karanth
  2. Jis Sebastian
  3. Nandini Velho
  4. Vidyut Mohan

Answer: (4)
The United Nations Environment Programme on December 15, 2020, named seven young engineers, scientists, activists, and entrepreneurs from all over the world as its Young Champions of the Earth 2020. Wineers includes:

  • Nzambi Matee – Kenya
  • Xiaoyuan Ren – China
  • Vidyut Mohan – India
  • Lefteris Arapakis – Greece
  • Max Hidalgo Quinto – Peru
  • Niria Alicia Garcia – USA
  • Fatemah Alzelzela – Kuwait

Q3. Who has unveiled a new digital payment app called ‘DaKPay’?

  1. Airtel Payments Bank
  2. India Post Payments Bank
  3. Fino Payments Bank
  4. Jio Payments Bank

Answer: (2)
Department of Posts (DoP) and India Post Payments Bank (IPPB) has unveiled a new digital payment app called ‘DaKPay’

Gromo Referal

Q4. Name the bank that has launched its new product named FX 4 U?

  1. Bank of India
  2. State Bank of India
  3. Canara Bank
  4. Axis Bank

Answer: (3)
Canara  Bank has announced the launch of its new tech product “ FX 4 U”. This product enables its entire internet banking users to handle forex transactions seamlessly.  Presently, the outward remittances module is activated and the remaining modules will be activated soon. With the introduction of this facility, all eligible individual customers can undertake remittance facility as per FEMA regulations. Corporate customers can make and submit the LC applications along with documents through internet banking once the LC module is activated.

Q5. Who has signed a $400 million project to support India’s efforts at providing social assistance to the poor?

  1. New Development Bank
  2. IMF
  3. Asian Infrastructure Investment Bank
  4. World Bank

Answer: (4)
The Government of India and the World Bank has signed a $400 million project to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. This is the second operation in a programmatic series of two.
The first operation of $750 million was approved in May 2020. It enabled immediate cash transfers to about 320 million individual bank accounts identified through pre-existing national social protection schemes under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) and additional food rations for about 800 million individuals.

Q6. Who has signed a loan agreement worth $1 billion to help India’s economic recovery from Covid-19?

  1. New Development Bank
  2. IMF
  3. Asian Infrastructure Investment Bank
  4. World Bank

Answer: (1)
The government and the New Development Bank (NDB) has signed a loan agreement worth $1 billion to help India’s economic recovery from Covid-19 by supporting spending on rural infrastructure related to natural resource management (NRM) and rural employment generation under MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme). The loan has a tenor of 30 years, including a 5-year grace period

Q7. Name the state where foundation stone of World’s largest hybrid renewable energy park has been unveiled recently?

  1. Andhra Pradesh
  2. Maharashtra
  3. Gujarat
  4. Haryana

Answer: (3)
Prime Minister Narendra Modi has traveled to Kutch, Gujarat to lay the foundation stone for a 30,000 MW (megawatt) hybrid renewable energy park close to the Indo-Pak border in Kutch district. The project is billed as the largest of its kind in the world

Q8. Name the company that has been awarded with the prestigious Golden Peacock Environment Management Award for the year 2020?

  1. SAIL
  2. NHPC
  3. GAIL
  4. NTPC

Answer: (1)
Steel Authority of India Limited (SAIL) has been awarded with the prestigious Golden Peacock Environment Management Award for the year 2020 in the Steel Sector by the Institute of Directors.

Q9. Who has been elected as the Vice President of Asia Pacific Broadcasting Union?

  1. Sivarama Krishnan
  2. Shashi S. Vempati
  3. Kuldip Kumar
  4. Satpal

Answer: (2)
Prasar Bharati has achieved another global milestone in broadcasting with the CEO, Shashi Shekhar Vempati being elected as the Vice President of Asia Pacific Broadcasting Union (ABU), one of the largest broadcasting associations in the world.

Q10. SBI Ecowrap report has expected India’s GDP growth is expected contract at _____ per cent in FY21

  1. 6.3%
  2. 6.9%
  3. 7.1%
  4. 7.4%

Answer: (4)
The State Bank of India, in its research report ‘Ecowrap’ has revised the GDP growth of India at (-) 7.4 per cent in FY21. Earlier this forecast was (-) 10.9 per cent. The SBI research report has also forecast India’s GDP growth in FY22 at 11 per cent.

You may also like to read: Current Affairs Quiz December 15th & 16th 2020

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