Daily Current Affairs Quiz 04-05-2020

1. Which of the following pairs is/are correctly matched?
      River              State

  1. 1.Sissar              –              Arunachal Pradesh
  2. 2.Cooum              –              Tamil Nadu
  3. 3.Moola Vaigai              –              Odisha
  4. Select the correct answer using the code given below.


2. With reference to plastic waste and recycling, consider the following statements:

  1. 1.First-time use plastic or virgin plastic can be recycled ten to twelves times before it becomes unusable.
  2. 2.Recycled plastic is considered less harmful to the environment than virgin plastic materials.
  3. Which of the statements given above is/are correct?


3. INSTEX, recently seen in the news, is a trade facilitating mechanism between


4. Which of the following reports is/are released by the United Nations Environment Programme (UNEP)?

  1. 1.Emissions Gap Report
  2. 2.Living Planet Report
  3. 3.Brown to Green Report
  4. Select the correct answer using the code given below.


5. Consider the following statements:

  1. 1.Ration shops can be privately owned or owned by cooperative societies or by the government.
  2. 2.Ownership licenses to the Ration shops are issued by the concerned state government.
  3. 3.The responsibility of identifying eligible families and issuing ration cards to them rests with the local self-governments.
  4. Which of the statement(s) given above is/are correct?


6. Consider the following statements with respect to ‘One Nation One Ration Card Scheme’ (ONORC):

  1. 1.With the ONORC scheme being implemented, the beneficiary can buy food grains from ration shops located in any of the states.
  2. 2.For national portability, the state governments have been asked to issue the ration card in bi-lingual format, wherein besides Hindi the other language could be English.
  3. Which of the statement(s) given above is/are correct?


7. With respect to the cryptocurrencies, which of the statement(s) given below is/are correct?

  1. 1.Cryptocurrencies use decentralized technology to let users make secure payments and store money without the need to use their name or go through a bank.
  2. 2.The most common cryptocurrencies are Bitcoin, Libra, Ethereum, Blockchain, etc.
  3. 3.The Reserve Bank of India (RBI) had banned cryptocurrencies in 2018.
  4. Select the correct answer using the code given below:


8. In Context to Open Budget Survey 2019, consider the following?

  1. 1.It is released by International Budget Partnership (IBP).
  2. 2.It is a biennial survey, which covers 117 countries.
  3. 3.It rates the level of budget transparency across countries on a scale of 0-100
  4. Which of the statements given above are correct?


9. Which of the following are the India’s Forex Reserves?

  1. 1.Foreign Currency Assets
  2. 2.Gold reserves
  3. 3.Special Drawing Rights
  4. 4.Reserve position with the International Monetary Fund (IMF)
  5. Select the correct answer using the codes given below:


10. Consider the following, with regard to Foreign Currency Assets (FCA):

  1. 1.These are assets that are valued based on a currency other than the country’s own currency.
  2. 2.It is the largest component of the forex reserve, which is expressed in dollar terms.
  3. 3.It is basically an emergency account that IMF members can access at any time without agreeing to conditions or paying a service fee.
  4. Which of the statements given above are correct?


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