Daily Current Affairs :24th April 2020 | Daily GK update Quiz

Daily Current Affairs 24th  April 2020 Quiz:

Daily Current Affairs quiz, Daily gk updates and Current affairs is playing a major role in any competitive exam. so here we are providing the current affairs quiz on daily basis for Bank, SSC, Railway and Other Government Competitive Examinations.

Q.1. Who among the following has launched the #MyBookMyFriend campaign on social media on the occasion of World Book Day?

(a) Narendra Modi

(b) Nirmala Sitharaman

(c) M Venkaiah Naidu

(d) Ramesh Pokhriyal

(e) Ram Nath Kovind

Answer & Explanation
Ans.1.(d)

Exp. Minister of Human Resource Development, Shri Ramesh Pokhriyal ‘Nishank’ extended greetings to everyone on the occasion of World Book Day and launched the #MyBookMyFriend campaign on social media on the occasion.  Shri Pokhriyal has shared a video message on social media saying that when you open a book, you open a new world. He said that books are a person’s best friend. Books inspire everyone and provide a new way of thinking. Shri Nishank added that books serve as a guide in difficult times of life.

Q.2. Which country is set to enter into an agreement with the RBI for a $400 million debt swap facility to meet short term financial needs?

(a) Pakistan

(b) Sri Lanka

(c) Bangladesh

(d) Nepal

(e) Bhutan

Answer & Explanation
Ans.2.(b)

Exp. Sri Lanka is set to enter into an agreement with the Reserve Bank of India for a currency swap worth USD 400 million to boost the foreign reserves and ensure the financial stability of the country which is badly hit by the COVID-19 pandemic. The Cabinet has approved a proposal made by Prime Minister Mahinda Rajapaksa as the Finance Minister to enter into an agreement with the RBI for the financing facility to meet short-term international liquidity requirements, Co-Cabinet Spokesman Information and Communication Minister Bandula Gunawardena said.

Q.3. According to RBI, India’s foreign exchange reserves surged by $3.09 billion to ___________________.

(a) $476.47 billion

(b) $479.57 billion

(c) $481.53 billion

(d) $485.74 billion

(e) $487.23 billion

Answer & Explanation
Ans.3.(b)

Exp. The country’s foreign exchange reserves surged by $3.09 billion to $479.57 billion in the week to April 17, due to an increase in foreign currency assets, according to the latest data from the Reserve Bank of India. In the previous week, the reserves had increased by $1.81 billion to $476.47 billion. The reserves had touched a life-time high of $487.23 billion in the week to March 6, after it rose by $5.69 billion. During 2020-21, the country’s foreign exchange reserves had risen by almost $62 billion.

Q.4. According to World Bank, Remittances to India are likely to decline by ________________from USD 83 billion in 2019 to USD 64 billion in 2020 due to the COVID-19.

(a) 15%

(b) 19%

(c) 20%

(d) 23%

(e) 25%

Answer & Explanation
Ans.4.(d)

Exp. Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic, which has resulted in a global recession, the World Bank has said.

Q.5. According to World Bank, globally remittances are projected to decline sharply by about ____________ this year due to COVID-19.

(a) 15%

(b) 19%

(c) 20%

(d) 23%

(e) 25%

Answer & Explanation
Ans.5.(c)

Exp. Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the pandemic and shutdowns, according to a World Bank report on the impact of the COVID-19 on migration and remittances released on 22nd April.

Q.6. International Day of Multilateralism and Diplomacy for Peace is celebrated every year on___________________.

(a) 20 April

(b) 21 April

(c) 22 April

(d) 23 April

(e) 24 April

Answer & Explanation
Ans.6.(e)

Exp. The International Day of Multilateralism and Diplomacy for Peace was established on 12 December, 2018 and was first observed on April 24, 2019. Preserving the values of multilateralism and international cooperation, which underpin the UN Charter and the 2030 Agenda for Sustainable Development, is fundamental to promote and support the three pillars of the UN – peace and security, development and human rights.

Q.7. National Panchayati Raj Day is observed every year in India on _______________.

(a) 21 April

(b) 22 April

(c) 23 April

(d) 24 April

(e) 25 April

Answer & Explanation
Ans.7.(d)

Exp. National Panchayati Raj Day is celebrated on April 24 every year in India. In 1992 a major change in the Panchayat system of India came in the form of the passage of the Panchayati Raj Act (73rd Amendment). The act came into existence with effect from April 24, 1993.

Q.8. In which year National Panchayati Raj Day was first celebrated?

(a) 1992

(b) 1993

(c) 2005

(d) 2010

(e) 2018

Answer & Explanation
Ans.8.(d)

Exp. The first National Panchayati Raj Day was celebrated in 2010. Since then, the National Panchayati Raj Day is celebrated on April 24 every year in India.

Q.9. World Games have unveiled a new logo and a new title for 2022 edition. In which city the World games 2022 is scheduled to be held?

(a) Paris, France

(b) Geneva, Switzerland

(c) Manila, Philippines

(d) Birmingham, Alabama, United States

(e) Washington D.C., United States

Answer & Explanation
Ans.9.(d)

Exp. The World Games to be held in Birmingham, Alabama — which have been delayed due to the coronavirus outbreak — have unveiled a new logo and a new title. With the announcement of The Games shift to July 7-17, 2022, organisers have decided that the international multi-sport event will officially become ‘The World Games 2022′.

Q.10. Where is the Headquarters of World Bank?

(a) Paris, France

(b) Geneva, Switzerland

(c) Manila, Philippines

(d) London, United Kingdom

(e) Washington, D.C., United States

Answer & Explanation
Ans.10.(e)

Exp. Headquarters: Washington, D.C., United States

Q.11. Who is the President of World Bank?

(a) Masatsugu Asakawa

(b) David Malpass

(c) Christine Lagarde

(d) Audrey Azoulay

(e) António Guterres

Answer & Explanation
Ans.11.(b)

Exp. President: David Malpass

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