Daily Current Affairs Quiz 14 January 2021

Daily Current Affairs Quiz 14 January 2021

Current Affairs Quiz 14 January 2021: Based on the Current Affairs and Important News of 14 January 2021 we have framed important current affairs questions for banking and competitive exams. These current affairs quiz questions will be helpful for upcoming competitive exams. Give our online current affairs test every day to be prepared for all Current Affairs Quiz 14 January 2021. 

1. What is the projected GDP rate of India as per the latest report of Nomura for the fiscal 2020-21?
   A) -8.7 percent
   B) -7.7 percent
   C) -6.7 percent
   D) -9.7 percent
   
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   Option C
   Explanation: The Japanese brokerage Nomura has revised upward, the GDP forecast for India in 2020-21 and now expects it to contract to 6.7 percent.
2. Who has  been invited as the Chief Guest for the Republic Day of India parade for 2021?
   A) Chandrikapersad Santokhi
   B) Boris Johnson
   C) Joe Biden
   D) Sheikh Hasina
   
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   Option A
   Explanation:As per the data released by PMO, the President of the Republic of Suriname, Chandrikapersad Santokhi, will be the chief guest of India’s Republic Day parade on January 26, 2021.
3. RBI has formed a working group to study digital lending activities to stop the growing frauds in the sector. Who will head this committee?
   A) Ajay Kumar Choudhary
   B) Jayant Kumar Dash
   C) Manoranjan Mishra
   D) Vikram Mehta
   
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   Option B
   Explanation: The Reserve Bank of India (RBI) has set up a working group to study digital lending activities of the regulated and unregulated players, due to the growing instances of frauds in digital lending space. Jayant Kumar Dash, Executive Director, RBI (Chairman)
4. India’s first ‘Fire Park’ has been inaugurated in which city to educate and bring awareness on basic fire safety measures among people?
   A) Hyderabad
   B) Chennai
   C) Bhubaneswar
   D) Kochi
   
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   Option C
   Explanation: The Chief Minister of Odisha, Naveen Patnaik virtually inaugurated a first of its kind ‘Fire Park’, to educate and bring awareness on basic fire safety measures among the people, particularly the students. The ‘Fire Park’ is located inside the premises of the Odisha Fire and Disaster Academy in Bhubaneswar.
5. What is the new GDP growth rate projection of the Indian economy for the financial year 2020-21 according to the latest report of the UBS Investment Bank?
   A) -7.5%
   B) -6.5%
   C) -8.5%
   D) -9.5%
   
   View answer

   Option A
   Explanation:Swiss brokerage major UBS Investment Bank has projected the Indian economy to contract 7.5 percent in the current fiscal FY21, ending March 2021.
6. IRDAI has constituted an expert panel to examine the availability of health insurance products in the country. Who is the head of this committee?
   A) Pravin Kutumbe
   B) T. L. Alamelu
   C) Suresh Mathur
   D) Subhash Chandra Khuntia 
   
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   Option D
   Explanation: Insurance regulator IRDAI has set up a panel of experts called ‘Health Insurance Advisory Committee’ to examine the availability of health insurance products in the country, considering the need of the Indian society and recommend suitable products and processes. The expert committee will be headed by IRDAI Chairperson, Subhash Chandra Khuntia 
7. When is the Armed Forces Veterans Day observed?
   A) 11 January
   B) 12 January
   C) 14 January
   D) 13 January
   
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   Option C
   Explanation: In India, the Armed Forces Veterans Day is observed each year on 14 January since 2017 to acknowledge and honour the selfless devotion and sacrifice of our veterans in the service of the nation.
8. BofA Securities has revised its GDP growth prospect of India and expects the economy at ______ percent in the current fiscal FY21?
   A) -7.4%
   B) -6.7%
   C) -5.5%
   D) -8.9%
   
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   Option B
   Explanation:The BofA Securities expects the GDP growth of India for the current financial year 2020-21 to contract by 6.7 percent.
9. The book titled “Making of a General-A Himalayan Echo” is a memoir of which Indian Army officer?
   A) Konsam Himalay Singh
   B) Nirmal Chandra Suri
   C) Rajendra Ramrao Nimbhorkar
   D) Kamal Jit Singh
   
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   Option A
   Explanation: Manipur Governor Dr Najma Heptulla released a book titled “Making of a General-A Himalayan Echo” virtually on January 8, 2021. The book has been authored by (Retd) Lt General Konsam Himalay Singh 
10. D Prakash Rao who has passed away recently was a recipient of Padma Shri honour for contribution in which field?
    A) Literature
    B) Music
    C) Journalism
    D) Social Activity
    
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    Option D
    Explanation:Noted social activist and Padma Shri winner, D Prakash Rao has passed away following a brain stroke. He was 63. Rao was basically a tea seller based in Cuttack, who spent his entire earning to educate slum children, through the school ‘Asha O Ashwasana’, which he started in 2000.
11. UBS has estimated the GDP of India at ________ percent for FY22 (2021-22)
    A) 10.5%
    B) 11.5%
    C) 12.5%
    D) 9.5%
    
    View answer

    Option B
    Explanation: UBS further expects the economy to rebound at 11.5 percent in FY22. For the FY23, GDP growth is expected to stabilise at 6 percent.
12. The GDP of the Indian economy is projected at _______ percent for FY22 according to Nomura
    A) 11.4%
    B) 10.7%
    C) 13.5%
    D) 12.2%
    
    View answer

    Option C
    Explanation: Nomura has projected the GDP of India to rise to 13.5 percent in FY22 (2021-22).