20August MCQ : Current Affairs Quiz 20August 2023
In this article, we will discuss all the important Current Affairs MCQs of 20 August with full explanations. Where we will discuss the daily current affairs quiz’s questions and answers. So read all the important 20 August MCQs carefully.
Current Affairs Quiz / 20 August MCQ Current Affairs
20 August Current Affairs MCQ – Questions
1. In which Indian state will the Kisan Credit Card (KCC) pilot project be initially rolled out by Axis Bank?
(a) Maharashtra
(b) Uttar Pradesh
(c) Madhya Pradesh
(d) Rajasthan
2. What is Crisil’s prediction for the average inflation rate in fiscal year 2024?
(a) 4.0%
(b) 5.0%
(c) 6.0%
(d) 7.0%
3. World Mosquito Day is observed to commemorate the contributions of Sir Ronald Ross. What did British doctor Sir Ronald Ross discover on August 20, 1897?
(a) The connection between mosquitoes and dengue
(b) The life cycle of mosquitoes
(c) The link between mosquitoes and Zika virus
(d) The connection between female Anopheles mosquitoes and malaria transmission
4. Which technological initiative of RBI Innovation Hub powers the newly introduced lending products by Axis Bank?
(a) Digital Agricultural Platform
(b) Micro, Small, and Medium Enterprises (MSME) Portal
(c) Public Tech Platform for Frictionless Credit (PTPFC)
(d) Innovative Credit Card System
5. Which organizations collaborated with RBI to develop the UDGAM portal?
(a) United Nations and World Bank
(b) International Monetary Fund (IMF) and World Trade Organization (WTO)
(c) Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and select banks
(d) International Red Cross and Doctors Without Borders
6. The New Development Bank (NDB) was established by which group of countries?
(a) G7
(b) ASEAN
(c) BRICS
(d) NAFTA
7. How much financial investment is estimated for the Bhagwan Birsa Munda Jodaraste Scheme?
(a) Rs 2,500 crore
(b) Rs 10,000 crore
(c) Rs 7,500 crore
(d) Rs 5,000 crore
8. According to Crisil, what is the projected GDP growth rate for India in the fiscal year 2024?
(a) 5.0%
(b) 6.0%
(c) 7.0%
(d) 8.0%
9. What is Crisil’s average growth rate projection for the Indian economy over the next five fiscal years?
(a) 5.0%
(b) 6.0%
(c) 6.8%
(d) 7.5%
10. How many kilometers of roads are estimated to be constructed under the Bhagwan Birsa Munda Jodaraste Scheme?
(a) Approximately 5,000 kilometers
(b) Approximately 6,838 kilometers
(c) Approximately 10,000 kilometers
(d) Approximately 2,500 kilometers
11. What is the primary focus of the Memorandum of Understanding (MoU) signed between India and Trinidad and Tobago?
(a) Environmental conservation
(b) Military cooperation
(c) Sharing INDIA STACK technology
(d) Economic trade agreements
12. What is the main objective of the Bhagwan Birsa Munda Jodaraste Scheme initiated by the Maharashtra government?
(a) Enhancing urban infrastructure
(b) Promoting industrial growth
(c) Improving healthcare services
(d) Connecting tribal villages to main roads
13. What does the UDGAM acronym stand for in the context of the RBI’s portal?
(a) Unclaimed Deposits Global Asset Management
(b) User Data Generation and Analysis Module
(c) Unclaimed Deposits Gateway to Access Information
(d) Universal Database for General Account Management
14. Who has been elected as the chair of the 13th Ministerial Conference of the World Trade Organization (WTO) to be held in Abu Dhabi in February 2024?
(a) Dr. Thani Al Zeyoudi
(b) Thuraiya Hamid Alhashmi
(c) Ngozi Okonjo-Iweala
(d) Thani Al Zeyoudi
15. Which department is responsible for the execution and implementation of the Bhagwan Birsa Munda Jodaraste Scheme?
(a) Ministry of Tribal Affairs
(b) Ministry of Road Transport and Highways
(c) Public Works Department
(d) Tribal Development Department
20 August MCQs – Answers
1. (c)
The KCC pilot project will be initially offered in Madhya Pradesh, catering to the agricultural community in the region.
2. (b)
Crisil forecasts an average inflation rate of 5.0% in fiscal year 2024.
3. (d)
Sir Ronald Ross discovered on August 20, 1897, that female Anopheles mosquitoes transmit malaria to humans.
4. (c)
The lending products introduced by Axis Bank are powered by the Public Tech Platform for Frictionless Credit (PTPFC) initiated by RBI Innovation Hub.
5. (c)
Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and select banks
RBI collaborated with ReBIT, IFTAS, and select banks to develop the UDGAM portal.
6. (c)
The New Development Bank (NDB) is a multilateral development institution established by Brazil, Russia, India, China, and South Africa (BRICS) to finance sustainable development projects in emerging economies.
7. (d)
The estimated financial investment for the scheme is Rs 5,000 crore, reflecting the government’s commitment to enhancing tribal connectivity.
8. (b)
Crisil anticipates India’s GDP growth to reach 6.0% in the fiscal year 2024.
9. (c)
Crisil foresees the Indian economy maintaining an average growth rate of 6.8% over the next five fiscal years.
10. (b)
The scheme involves the construction of around 6,838 kilometers of roads to connect tribal villages with primary roads.
11. (c)
The MoU between India and Trinidad and Tobago is aimed at sharing the renowned INDIA STACK technology to enhance identity, data, and payment services on a large scale.
12. (d)
The Bhagwan Birsa Munda Jodaraste Scheme aims to link tribal villages in Maharashtra with main roads to improve accessibility and the quality of life for tribal communities.
13. (c)
UDGAM stands for Unclaimed Deposits Gateway to Access Information.
14. (a)
Dr. Thani Al Zeyoudi. He has been elected as the chair of the 13th Ministerial Conference of the WTO, which is scheduled to take place in Abu Dhabi in February 2024. This role will involve leading discussions and setting the roadmap for future work within the organization.
15. (d)
The Tribal Development Department is responsible for executing and implementing the Bhagwan Birsa Munda Jodaraste Scheme.
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