Daily Current Affairs Quiz 20 February 2022
Daily Current Affairs Quiz 20 February 2022: This post contains Questions/Quiz based on the Current Affairs and Important News of 20 February 2022. These questions have been framed keeping in mind the pattern of banking and competitive exams and hence this current affairs quiz will be helpful for upcoming competitive exams. Give our online current affairs test every day to be prepared for all Current Affairs competitive exams
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The Hurun India Wealth Report 2021 states that the number of dollar-millionaire households increased by _____ percent in India in 2021, compared to 2020
A) 15%
B) 11%
C) 17%
D) 21%
Option B
Explanation:According to the latest Hurun India Wealth Report 2021, the number of dollar-millionaire households in India increased by 11 percent to 4,58,000 households in 2021, as compared to 2020, Household having a net worth of at least INR 7 crore ($1 million), is referred to as a dollar-millionaire household.
The International Olympic Committee session will be held at which place in 2023?
A) Mumbai
B) Beijing
C) New York
D) Paris
Option A
Explanation:Mumbai, India will host the International Olympic Committee session in 2023. The IOC Session for 2023 will be held at Jio World Convention Centre, Mumbai.
What is the maximum stake that can be held by Public Sector Banks (PSBs) in India Debt Resolution Company Ltd (IDRCL)?
A) 75%
B) 27%
C) 51%
D) 49%
Option D
Explanation:Public Sector Banks (PSBs) and Public FIs will hold a maximum of 49% in stake of IDRCL while the remaining stake will be with private sector lenders.
The National Dam Safety Authority has come into force on February 18, 2022. The Authority has been set up under which Act?
A) Dam Safety Act 2019
B) Dam Safety Act 2017
C) Dam Safety Act 2021
D) Dam Safety Act 2011
Option C
Explanation:The Parliament of India had passed the Dam Safety Act 2021 on December 8, 2021, which seeks to provide an institutional architecture for dam safety in the country. Following this, the Central Government has established an Authority, which shall known as the National Dam Safety Authority, to discharge the powers and functions of the National Authority under the Dam Safety Act.The Authority came into force with effect from February 18, 2022.
TransUnion CIBIL has partnered with which Indian body recently for a Nation-wide MSME Consumer Education Program?
A) FICCI
B) SIDBI
C) NABARD
D) NITI Aayog
Option A
Explanation:TransUnion CIBIL has partnered with the Federation of Indian Chambers of Commerce & Industry (FICCI) to launch a unique nationwide MSME consumer education program to support MSME.
Which bank has become the first to enter in the metaverse?
A) Barclays
B) JPMorgan
C) Citibank
D) UBS
Option B
Explanation:JPMorgan (largest bank in the U.S.) announced that it has become the first bank to enter in the metaverse. It has opened a lounge in Decentraland i.e. a virtual world based on blockchain technology.
PM Modi virtually unveiled Asia’s biggest “Gobar-Dhan (Bio-CNG) Plant”in India, with a capacity to process 550 tonnes of municipal waste per day. The plant has been launched in which city?
A) Indore
B) New Delhi
C) Hyderabad
D) Pune
Option A
Explanation:Prime Minister Shri Narendra Modi inaugurated a 550-tonne capacity “Gobar-Dhan (Bio-CNG) Plant” in Indore, Madhya Pradesh on February 19, 2022, through video conferencing. This is the biggest Bio-CNG plant in Asia. It has been set up at a cost of Rs 150 crore.
India has inked Comprehensive Economic Partnership Agreement (CEPA) with UAE. The agreement aims to increase the bilateral trade between the two countries from the current USD 60 billion to________ in the next 5 years
A) USD 120 billion
B) USD 80 billion
C) USD 150 billion
D) USD 100 billion
Option D
Explanation: A Comprehensive Economic Partnership Agreement (CEPA) was signed between Minister of Commerce and Industry Shri Piyush Goyal and Minister of Economy of UAE, H.E. Abdulla bin Touq Al Marri. The CEPA, is a free trade agreement (FTA) between the two countries to increase the bilateral trade from the current USD 60 billion to USD 100 billion in the next 5 years.
Which bank was in news recently for raising Rs 500 crore from Central Bank of Singapore, Government of Singapore and others mutual fund companies?
A) ICICI Bank
B) IDFC First Bank
C) Equitas Small Finance Bank
D) IndusInd Bank
Option C
Explanation:Equitas Small Finance Bank has raised Rs 550 crore in total from the government of Singapore, Singapore’s central bank (Monetary Authority of Singapore) and a host of local mutual funds in the qualified institutional placement of equities.
India observes Soil Health Card Day on 19 February to commemorate the launch of the Soil Health Card (SHC) Scheme. In 2022, which edition of Soil Health Card Day is being celebrated?
A) 5th
B) 7th
C) 10th
D) 6th
Option B
Explanation:7th. In India, 19 February is marked as the Soil Health Card Day to commemorate the launch of the Soil Health Card (SHC) Scheme, and create awareness about the benefits of the scheme. Prime Minister Narendra Modi launched the Soil Health Card (SHC) Scheme on 19th February, 2015 at Suratgarh in Rajasthan.
What was the profession of Ravish Tiwari, who has passed away recently?
A) Journalist
B) Filmmaker
C) Sportsperson
D) Economist
Option A
Explanation:Senior journalist Ravish Tiwari has passed away. He was the national bureau chief of Indian Express. He was popular for his Political news reporting.
The World Day of Social Justice is observed every year on which day?
A) February 19
B) Third Sunday of February
C) February 20
D) Third Saturday of February
Option C
Explanation:The World Day of Social Justice is observed on February 20 every year since 2009.
Which city in India has highest number of dollar-millionaire households according to the Hurun India Wealth Report 2021?
A) Bengaluru
B) Kolkata
C) Delhi
D) Mumbai
Option D
Explanation: In the list of cities with most millionaires, Mumbai has topped with 20,300 millionaires households. Mumbai is followed by Delhi with 17,400 and Kolkata with 10,500 millionaire households, respectively.
Name the bank which has recently acquired the highest stake in India Debt Resolution Company Ltd (IDRCL)?
A) Canara Bank
B) State Bank of India (SBI)
C) Punjab National Bank (PNB)
D) Union Bank of India (UBI)
Option A
Explanation: Canara Bank= 14.90%
What is the theme of 2022 World Day of Social Justice?
A) If You Want Peace & Development, Work for Social Justice
B) Achieving Social Justice through Formal Employment
C) A Call for Social Justice in the Digital Economy.”
D) Closing the Inequalities Gap to Achieve Social Justice
Option B
Explanation:2022 Theme: “Achieving Social Justice through Formal Employment”.
