Gk questions and answers of the current affairs

Gk questions and answers of the current affairs

Q.1) What is the rank of Reliance Industries Limited in the FutureBrand Index2020?

(1) 6th

(2) 10th

(3) 2nd

(4) 4th

Correct Answer - (3) 2nd

Explanation:

Billionaire Mukesh Ambani owned oil-to-telecom conglomerate Reliance Industries has been ranked as 

second biggest brand in the world in the FutureBrand Index 2020. The 2020 index is topped by technology 

giant Apple.

Q.2) Who has been appointed as the new Chairman of the Union Public Service Commission(UPSC)?

(1) Pradeep Kumar Joshi

(2) Bharat Bhushan Vyas

(3) Sujata Mehta

(4) Bhim Sain Bassi

Correct Answer - (1) Pradeep Kumar Joshi

Explanation:

Pradeep Kumar Joshi, an Educationist Professor, has been appointed as the new Chairman of the Union 

Public Service Commission (UPSC) on 7 August 2020.

Q.3) What is the new permissible loan to value ratio (LTV) for loans against pledge of gold ornaments 

and jewellery for non-agricultural purposes?

(1) 70%

(2) 90%

(3) 80%

(4) 100%

Correct Answer - (2) 90%

Explanation:

RBI has increased the permissible loan to value ratio (LTV) for loans against pledge of gold ornaments and 

jewellery for non-agricultural purposes from 75 per cent to 90 per cent. This relaxation shall be available 

till March 31, 2021.

Q.4) ‘Dodo Drop’ app developed by 17-years old teen Ashfaq Mehmood Choudhary is an alternative to 

which of the following Chinese Apps?

(1) ShareIT

(2) TikTok

(3) WeChat

(4) Helo

Correct Answer - (1) ShareIT

Q.5) Defence Institute of Advanced Technology (DIAT) has won the first position in Smart India 

Hackathon (SIH)-2020. Where is the DIAT located?

(1) Mumbai

(2) New Delhi

(3) Hyderabad

(4) Pune

Correct Answer - (4) Pune

Explanation:

The Pune-based Defence Institute of Advanced Technology (DIAT), an autonomous organization under 

the Department of Defence Research & Development (DRDO) has won the first prize in Smart India 

Hackathon (SIH)-2020, which was held from 1-3 August 2020, at Noida Institute of Engineering & 

Technology (NIET), Uttar Pradesh.

Q.6) The first ever Kisan Rail, launched by the Indian Railways, will travel between which states of the 

country?

(1) Maharashtra-Bihar

(2) Rajasthan-Madhya Pradesh

(3) Punjab-Haryana

(4) Gujarat-Maharashtra

Correct Answer - (1) Maharashtra-Bihar

Explanation:

Indian Railways’ first Kisan Rail, exclusively meant to transport farm produce, was flagged off by Union 

Minister of Agriculture Narendra Singh Tomar and Railway Minister Piyush Goyal via videoconferencing 

on 7 August 2020. The train will run on weekly basis, between Deolali in Maharashtra to Danapur in Bihar, 

covering a distance of 1,519 kilometres in 32 hours.

Q.7) Which state government is going to set up industrial parks for micro, small and medium enterprises 

(MSME) in its 6 districts?

(1) Uttarakhand

(2) Kerala

(3) Uttar Pradesh

(4) Karnataka

Correct Answer - (3) Uttar Pradesh

Explanation:

Uttar Pradesh government will set up industrial parks for micro, small and medium enterprises (MSME) 

in six of its most industrialised districts, including Varanasi and Kanpur, and has invited proposals from 

consultants for it.

Q.8) Dipankar Ghose is the winner of 2020 Prem Bhatia Award. The award is presented annually for 

extraordinary contribution in which field?

(1) Film & Television

(2) Sports

(3) Journalism

(4) Literature

Correct Answer - (3) Journalism

Explanation:

The 2020 Prem Bhatia Awards, given for outstanding journalism, have been given to Dipankar Ghose, 

Special Correspondent of Indian Express and non-profit journalism website People’s Archive of Rural India 

(PARI) for their coverage of COVID-19 and its impact across the country.

Q.9) Which telecom company inked a multi-year strategic pact with Amazon Web Services (AWS) for 

AWS solutions?

(1) Jio

(2) Bharti Airtel

(3) Vodafone Idea

(4) BSNL

Correct Answer - (2) Bharti Airtel

Explanation:

Bharti Airtel announced a multi-year strategic pact with Amazon Web Services (AWS) – the cloud services 

arm of the retail giant – to deliver Cloud solutions to large as well as small and medium enterprise (SME) 

customers in India

Q.10) RBI has formed an expert panel on Resolution Framework for Covid19-related Stress. Who is the 

head of this panel?

(1) K.V. Kamath

(2) Kalpana Morparia

(3) Nandan Nilekani

(4) Hasmukhbhai Parekh

Correct Answer - (1) K.V. Kamath

Explanation:

The Reserve Bank of India has announced the constitution of an Expert Committee to make 

recommendations on the required financial parameters to be factored in the Resolution Framework for 

Covid19-related Stress’. The committee will be headed by Shri K.V. Kamath. (President of New 

Development Bank)

Q.11) RBI has announced to launch a new mechanism named Positive Pay to stop frauds related to

______

(1) KYC

(2) Digital Transaction

(3) Mortgage Loan

(4) Cheques

Correct Answer - (4) Cheques

Explanation:

The RBI shall soon launched a mechanism named Positive Pay for all cheques of value ₹50,000 and above 

to further augment customer safety in cheque payments and reduce instances of fraud occurring on 

account of tampering of cheque leaves.

Q.12) RBI has introduced the ODR system to deal with which issue?

(1) NPA

(2) Large overdue advances to farm•ers

(3) Money Laundering

(4) Failed Digital Payment Disputes

Correct Answer - (3) Money Laundering 

Explanation:

The Reserve Bank of India has announced the introduction of an Online Dispute Resolution (ODR) 

system for resolving customer disputes and grievances pertaining to digital payments.

Q.13) RBI has introduced a pilot scheme for small value payments in offline mode, under which the 

maximum limit set for single transaction is ______.

(1) Rs 500

(2) Rs 700

(3) Rs 200 

(4) Rs 1000

Correct Answer - (3) Rs 200

Explanation:

The Reserve Bank of India has launched pilot scheme for small value payments in offline mode. The pilot 

scheme shall be undertaken till March 31, 2021 only. Maximum limit of a payment transaction will be Rs 

200. (For a single transaction.) The total limit for offline transactions on an instrument shall be Rs 2,000, 

at any point of time.

Q.14) Which of the following won the 18th FICCI CSR Award for Environment Sustainability?

(1) Ashok Leyland Limited

(2) Syngene International Limited

(3) Oil & Natural Gas Corporation Limited

(4) Dalmia Bharat Group

Correct Answer - (4) Dalmia Bharat Group

Explanation:

Dalmia Bharat Group, a leader in India’s core manufacturing space since 1939, has won an award 

Q.15) Shirley Ann Grau, was a renowned .

(1) Actress

(2) Sportswomen

(3) Novelist

(4) Singer

Correct Answer - (3) Novelist

Explanation:

Shirley Ann Grau, a Pulitzer Prize-winning fiction writer from America, whose stories and novels were 

based primarily in the Deep South, has passed away. She was 91. Grau won the 1965 Pulitzer Prize for her 

fourth book, “The Keepers of the House.