Daily Current Affairs Quiz – 1st and 2nd April 2021

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Hello Followers, Here we have given some important and expected current affairs questions to get more marks in Banking, Insurance, SSC, Railway, UPSC, CLAT & all other competitive Exams. We have framed the current affairs quiz question from our daily current affairs 2020.

Daily Current Affairs Quiz – 1st and 2nd April 2021

  1. Rajasthan Diwas 2021 is observed on which of the following date?

A) March 3

B) March 4

C) March 30

D) March 12

E) March 27

2. SBI has inked a _____billion loan agreement with Japan Bank for International Cooperation.

A) 3.5

B) 3

C) 2.5

D) 1

E) 1.5

3. As per the First half of FY22 the Government has pegged the market borrowing at Rs ______ lakh crore.

A) 6.5

B) 6.36

C) 6.50

D) 7.15

E) 7.24

4. The Government has announced Rs 14,500-crore capital infusion in _____ Public Sector Banks.

A) 8

B) 4

C) 5

D) 6

E) 7

5. Government extends Emergency Credit Line Guarantee Scheme to June 30, 2021 or such time till amount of _____ lakh crore is sanctioned.

A) 1

B) 5

C) 2

D) 3

E) 4

6. India and which country will carry out military drill Vajra Prahar 2021 in Himachal Pradesh?

A) France

B) Germany

C) US

D) UK

E) France

7. DPIIT has recently upgraded which of the following portals?

A) International relations

B) Environment Compliance

C) Investor Alliance

D) Defence Procurement

E) Industrial Entrepreneurs Memorandum

8. Didier Ratsiraka who passed away recently was the president of which country?

A) Ethiopia

B) Madagascar

C) Sudan

D) Algiers

E) Nigeria

9. CBIC has notified which of the following as a common portal for bills of entry and registration?

A) PRAGATI

B) SRUM

C) SCORES

D) ICEGATE

E) SPICE+

10. Which women-led startup, has developed an innovative wireless product that gives fibre-like bandwidth at fraction of cost of fibre?

A) GigaMesh

B) ZoomGo

C) Astrone

D) Nexon

E) Women Plus

11. How many new species of butterfly have been discovered in Nacaduba sinhala ramaswamii sadasivan?

A) 8

B) 7

C) 4

D) 5

E) 6

12. Which of the following bank has launched the “Uni-Carbon Card”?

A) Bandhan

B) Axis

C) Union Bank of India

D) SBI

E) ICICI

13. Walter Anthony Gustavo ‘Wag’ Pinto who passed away recently was a former ______.

A) Producer

B) Author

C) Singer

D) Director

E) Army officer

14. In ICC Men’s Cricket World Cup Super League standings India has now moved to _____ position.

A) 9th

B) 5th

C) 8th

D) 7th

E) 6th

15. Beverly Cleary who passed away recently was an eminent _____.

A) Tennis player

B) Writer

C) Singer

D) Actor

E) Director

16. Odisha Foundation Day is Observed on which date?

A) April 11

B) April 2

C) April 1

D) April 3

E) April 4

17. Cabinet Approves Production Linked Incentive Scheme for Food Processing Industry with an outlay of ______ crores.

A) 10600

B) 10400

C) 10300

D) 10900

E) 10500

18. The Government recently announced Interest Rates on Small Savings Schemes for Q1 of FY 2021-22 (April-June) which will remain effective till which date?

A) August 30

B) July 30

C) May 30

D) April 30

E) June 30

19. The Deadline for Linking PAN-Aadhaar has recently been Extended to which date?

A) September 30

B) June 30

C) May 30

D) July 30

E) August 30

20. AYUSH Ministry has asked for applications for Prime Minister’s Yoga Awards where the winners will receive a _____ lakh cash awards.

A) 35

B) 20

C) 25

D) 10

E) 15

21. Government has recently unveiled an All-India Survey of Migrant Workers which is done every ______.

A) Annually

B) Bi-Annually

C) Monthly

D) Quarter

E) Week

22. Lightweight Bullet Proof Jacket has been developed by which of the following institution?

A) HAL

B) ISRO

C) BEL

D) BDL

E) DRDO

23. International Children’s Book Day is observed on which of the following date?

A) April 1

B) April 3

C) April 2

D) April 4

E) April 5

24. Who among the following has inaugurated a new cruise service connecting Hazira port in Surat and Diu Island?

A) NS Tomar

B) Nitin Gadkari

C) Amit Shah

D) Mansukh Mavadiya

E) Prahlad Patel

25. India will participate in the _____ Sherpas meeting of G7 and guest countries.

A) 5th

B) 2nd

C) 1st

D) 3rd

E) 4th

26. Who among the following has held discussion with Tajikistan Defence Minister Colonel General Sherali Mirzo?

A) Prahlad Patel

B) Narendra Modi

C) S Jaishankar

D) NS Tomar

E) Harshvardhan

27. Vikram Misri, India’s Ambassador to ______ has recently interacted with representatives of Indian industry in Shanghai.

A) Israel

B) France

C) Germany

D) China

E) Japan

28. World Autism Awareness Day is observed on which of the following date?

A) April 1

B) April 3

C) April 4

D) April 5

E) April 2

29. How many Bangladeshi students will receive the Muktijoddha Scholarships?

A) 1000

B) 1500

C) 1800

D) 1900

E) 2000

30. Vice president recently made an appearance in Bhubaneswar on two-day visit to which city recently?

A) Surat

B) Odisha

C) Pune

D) Delhi

E) Chandigarh

31. In which city/UT has the Training & Awareness Programme organised for Self Help Groups under National Rural Livelihood Mission being held?

A) Gwalior

B) Delhi

C) Chandigarh

D) Kargil

E) Jammu

32. Central Government has suggested upto ______ per cent % tax concession on purchase of new vehicles on submission of scrappage certificate.

A) 10

B) 25

C) 20

D) 15

E) 12

33. The Central government has approved ______ crore project for upgradation of Kargil Zanskar road.

A) 630

B) 650

C) 780

D) 740

E) 720

34. Digital payments have surged recently with UPI transactions crossing ______ lakh crore in March.

A) 7

B) 6

C) 3

D) 4

E) 5

35. RBI has increased the deadline to process recurring online transactions with AFA to which date?

A) July 30

B) May 30

C) September 30

D) August 30

E) October 30

Answers:

  1. Answer: C

Explanation:

  • Rajasthan Diwas is observed on March 30th every year to commemorate the formation of the state.
  • Rajasthan Diwas 2021 is being celebrated as the 72nd foundation day of the state.

History :

  • The state was formed on March 30th, 1949 when Rajputana was merged into the Dominion of India.
  • Jaipur being the largest city was declared as the capital of the state.
  1. Answer: D

Explanation:

  • Country’s largest lender, State Bank of India, has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to the supply chain of Japanese automobile industry in India.
  • The virtual signing ceremony event was held in the presence of Dinesh Khara, Chairman, SBI along with senior executives of SBI, Hayashi Nobumitsu, Deputy Governor (JBIC) and Ayukawa Kenichi, CEO & MD of Maruti Suzuki.
  • The loan is in the form of refinance against the funding support provided to the manufacturers, suppliers and dealers of Japanese automobiles in India.
  • This collaboration (between SBI and JBIC) will help the bank in extending loan facility to the entire supply chain at a time when people are preferring personal mode of transport.
  • Now the total loan facility between SBI and JBIC has become $2 billion.
  1. Answer: E

Explanation:

  • On March 31, 2021, The government announced it will borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by the coronavirus pandemic.
  • According to the Budget 2021-22, the government’s gross borrowing was estimated at Rs 12.05 lakh crore in the financial year beginning April 1.
  • In the first half of 2021-22, borrowing Rs 7.24 lakh crore, which is 60.06 per cent of the gross issuances
  • The government raises money from the market to fund its fiscal deficit through dated securities and treasury bills.
  1. Answer: B

Explanation:

  • On March 31, 2021, The government announced capital infusion totalling Rs 14,500 crore in four public sector banks (PSBs) through zero-coupon bonds.
  • The four public sector banks (PSBs) namely Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank in 2020-21, by issuing non-interest bearing bonds to these banks.
  • The government will charge Rs 4,800 crore in Central Bank of India, Rs 4,100 crore in Indian Overseas Bank, Rs 3,000 crore in Bank of India and Rs 2,600 crore in UCO Bank.
  • These securities will be issued in six different maturities and will be issued at par for the amount as per the application made by the eligible banks.
  • Nirmala Sitharaman on February 1 announced a capital infusion of Rs 20,000 public sector banks for the current financial year 2021-2022.
  1. Answer: D

Explanation:

  • On March 31, 2021, The government extended the Emergency Credit Line Guarantee Scheme (ECLGS) till June 30 2021, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme.
  • Also it expanded its scope to cover enterprises in hospitality, travel and tourism, leisure and sporting sectors.
  1. Answer: C

Explanation:

  • Special forces of India and the US carried out a joint military exercise at Bakloh in Himachal Pradesh in March 2021.
  • It was the 11th edition of the exercise ‘Vajra Prahar’ which is aimed at sharing best practices and experiences in areas such as joint mission planning and operational tactics.
  1. Answer: E

Explanation:

  • The Department for Promotion of Industry and Internal Trade (DPIIT) has revamped its Industrial Entrepreneurs Memorandum (IEM) portal.
  • This has been done with a view to enhancing ease of doing business and transparency
  • The upgraded portal offers a single IEM for one company to capture details of all its locations and sectors.
  • This Single form will facilitate the filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner
  • The G2B portal can be accessed at for the purpose of submitting applications and obtaining the IEM certificate.
  1. Answer: B

Explanation:

  • On March 28th 2021, Madagascar’s former President Didier Ratsiraka was Passed away.
  • He was 84.

About Didier Ratsiraka :

  • Didier Ratsiraka, a naval officer nicknamed the “Red Admiral” for his socialist policies
  • He was appointed as the Minister of foreign affairs in 1972
  • Ratsiraka was the president of the Indian Ocean Island from 1975 to 1993 and 1997-2002.
  • He had visited India in 1980 on a bilateral state visit and in 1983 to participate in the NAM Summit.
  1. Answer: D

Explanation:

  • On march 29, 2021, The Central Board of Indirect Taxes and Customs (CBIC) notified ICEGATE or Indian Customs and Central Excise Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway as the common customs electronic portal
  • It is for all customs related documentation and duty payments.
  • The changes form part of the move to making the customs processing of bills of entry and declarations more electronic, paperless and seamless, so as to facilitate trade.
  1. Answer: C

Explanation:

  • Astrome, Bangalore based a women-led startup, has developed an innovative wireless product that gives fibre-like bandwidth at fraction of cost of fibre to help telecom operators deliver reliable low-cost internet services to suburban and rural areas.
  • It is a wireless backhaul product that can deliver low-cost, high data capacity, and wide reach.
  • The wireless product, called GigaMesh, could enable telecom operators to deploy quality, high-speed rural telecom infrastructure at five times lower cost.
  1. Answer: E

Explanation:

  • The discovery of the species six line blue butterfly Nacaduba sinhala ramaswamii Sadasivan, 2021 in the Agasthyamalais in the Western Ghats.
  • It is the first time that a butterfly species was discovered by an all-Indian research team from the Western Ghats.
  • It has now found a place in the Journal of Threatened Taxa.
  • The new taxon of Lycaenid butterflies belonging to the genus  Nacaduba

About Researchers Team :

  • Team comprises Kalesh Sadasivan and Baiju K. representing the Travancore Nature History Society, Rahul Khot of the Bombay Natural History Society, and Ramasamy Naicker from Theni.

About the Butterfly :

  • Line Blues are small butterflies belonging to the subfamily Lycaenidae
  • Their distribution ranges from India and Sri Lanka to the whole of southeastern Asia, Australia and Samoa.
  1. Answer: C

Explanation:

  • On March 26, 2021, Union Bank of India launched “UNI – CARBON CARD”, an HPCL co-branded credit card on the Rupay platform of NPCI.
  • It is a unique HPCL co-branded credit card on the Rupay platform of NPCI.
  • It will play a role in creating an opportunity to create value for the customers.
  • The card has been designed in joint association with Union Bank of India and HPCL and Rupay.
  • The Union Bank HPCL Co-branded credit card is first of its kind with HPCL, a major player in fuel retail.
  1. Answer: E

Explanation:

  • On March 25th, 2021, Lieutenant General Walter Anthony Gustavo ‘Wag’ Pinto, former General Officer in the Indian Army, passed away.
  • He was 97.

About Walter Anthony Gustavo ‘Wag’ Pinto :

  • Gen Pinto was born on July 1, 1924, in Poona, Bombay Presidency.
  • Gen Pinto last served as the 8th General Officer Commanding-in-Chief of the Central Command.
  • As Major General, he had led the 54th Infantry Division on the western front in the Indo-Pak War of 1971,
  • He was awarded the prestigious Param Vishisht Seva Medal (PVSM).
  • He had penned a book ‘Bash on Regardless’, in which he described the Battle of Basantar.
  1. Answer: D

Explanation:

  • India has been moved up to seventh position on the International Cricket Council’s (ICC) Men’s Cricket World Cup Super League standings after their seven-run win over England in the third ODI.
  • Despite the loss, England remained the top-ranked team in the standings with 40 points.
  • India has scored 29 points.
  • The Super League started on July 30, 2020 with England’s three-match series against Ireland.
  • It includes the 12 full members of the ICC along with the Netherlands.
  • Teams that finish within the top eight will gain automatic qualification for the 2023 World Cup which is scheduled to be held in India
  1. Answer: B

Explanation:

  • The renowned American writer , Beverly Cleary, children’s and young adult fiction has passed away.
  • She was 104.

About Beverly Cleary :

  • Cleary was born April 12, 1916 in McMinnville, Oregon, and grew up in Portland and Yamhill, titling her autobiography, “A Girl from Yamhill.
  • Cleary published more than 40 books, with more than 85 million copies sold.
  • They were translated into 29 languages.
  • Her books have been sold worldwide since her first book was published in 1950.
  • Cleary was one of America’s most successful authors.
  • Ramona Quimby and Beezus Quimby, Henry Huggins and his dog Ribsy, and Ralph S. Mouse all have Some of her best known characters.
  • Cleary won the National Book Award in 1981 for “Ramona and Her Mother,” and “Dear Mr. Henshaw” won the John Newbery Medal in 1984.
  1. Answer: C

Explanation:

  • Odisha Day, also Utkala Dibasa, is celebrated on 1 April in the Indian state of Odisha in memory of the formation of the state as a separate state out of Bihar and Orissa Province with addition of Koraput and Ganjam from the Madras Presidency on 1 April 1936.
  • In 2021, Odisha is celebrating its 86th statehood day.
  • Odisha Day is also called Orissa Foundation Day and Vishuva Milan.
  • On 1 April 1912, the Bihar and Orissa Province were formed.
  • On 1 April 1936, Bihar and Orissa were split into separate provinces.
  • The new province of Orissa came into existence on a linguistic basis during the British rule in India, with Sir John Austen Hubback as the first governor.
  • Under the British rule, Odisha was part of the Bengal presidency, which consisted of the present-day Bihar, West Bengal, and Odisha.
  1. Answer: D

Explanation:

  • The Union Cabinet has approved the Central Sector Scheme called “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” with an outlay of Rs.10900 crore.
  • Scheme will be implemented over a six year period from 2021-22 to 2026-27.
  • The Project Management Agency (PMA) shall implement the scheme.
  • PMA will be responsible for appraisal of applications/ proposals, verification of eligibility for support, scrutiny of claims eligible for disbursement of incentive.
  • The PLI scheme will support creation of global food manufacturing champions and support Indian brands of food products in the international markets.
  1. Answer: E

Explanation:

  • The rate of interest on Small Savings Schemes for the first quarter (April-June) of 2021-22 will remain unchanged as the last quarter (January-March) of 2020-2021.
  • Earlier on March 31, 2021, the Government had announced a cut in interest rates on various small savings schemes sharply by 40-110 basis points.
  • However, the orders issued were withdrawn by the government on April 01, 2021.
  • This marks the fourth consecutive quarter that the government has maintained the rates on such schemes that are effective from April 1 and remain in effect till June 30, 2021.
  1. Answer: B

Explanation:

  • The Central Board of Direct Taxes (CBDT) has extended the last date for the mandatory linking of the Permanent Account Number (PAN) with Aadhaar number till June, 30 2021.
  • Earlier this deadline was March, 31 2021.
  • The extension has been done keeping in mind the difficulties arising out of the COVID-19 pandemic.
  1. Answer: C

Explanation:

  • The Ministry of AYUSH has invited applications for the Prime Minister’s Yoga Awards (PMYA).
  • The nomination process for this year has begun from the 30th of March and the last date for the submission of the entries is the 30th of April.
  • Due to the COVID-19, pandemic the applications for the award were not invited in 2020.
  • However, like previous years, the AYUSH Ministry will be felicitating the achievers and unsung heroes and institutions of the domain of Yoga, from different parts of the country and across the world with the Prime Minister’s Yoga Awards.
  • The award will be hosted on the MyGov platform, and consists of two National categories for the entities of Indian origin and two International categories for the entities of Indian or foreign origin.
  • The Ministry of AYUSH said that the winners will be felicitated with a trophy, certificate, and a cash award of 25 lakh rupees, which will be announced on the International Day of Yoga on the 21st of June 2021.
  • In-case of joint winners, the awards would be divided among the winners.
  1. Answer: D

Explanation:

  • Government launched the All-India Survey of Migrant Workers and All-India Quarterly Establishment-based Employment Survey.
  • The Labour and Employment Ministry said, the objective of the All-India Survey of Migrant Workers is to study the kind of employment-related migration undertaken by workers.
  • The survey will provide the details of working and living conditions faced by Migrant Workers and impact of COVID 19 on their world of work.
  • The All-India Quarterly Establishment-based Employment Survey will provide the employment estimates for establishments employing ten or more workers as well as those employing nine or less workers.
  • The survey will provide crucial data on the changes in employment situation across the selected sectors on a quarterly basis.
  • The Ministry said these surveys will plug-in the data gap on various aspects of labour and employment and will aid evidence-based policy making processes.
  1. Answer: E

Explanation:

  • Defence Minister Rajnath Singh has congratulated DRDO and DMSRDE Kanpur for developing a LightWeight Bullet Proof Jacket.
  • Mr Singh said, India needs more such innovative product design and development to realize the dream of Atma Nirbhar Bharat.
  • DMSRDE Kanpur, a DRDO laboratory has developed a LightWeight Bullet Proof Jacket weighing 9 kg meeting the qualitative requirements of Indian Army.
  • The Front Hard Armour Panel jacket was tested successfully at TBRL Chandigarh and met relevant BIS standards.
  1. Answer: C

Explanation:

  • International Children’s Book Day (ICBD) is organised annually on 2nd April since 1967, by the International Board on Books for Young People (IBBY), an international non-profit organization, to inspire a love of reading and to call attention to children’s books.
  • Theme 2021: “The Music of Words.”
  • Each year a different National Section of IBBY has the opportunity to be the international sponsor of ICBD and decide upon a theme.
  • IBBY United States is the sponsor for International Children’s Book Day 2021.
  1. Answer: D

Explanation:

  • Union Minister of Ports, Shipping and Waterways (Independent charge) Mansukh Mandaviya launched a new cruise service connecting Hazira port in Surat and Diu Island.
  • He flagged off this service virtually via video conference.
  • A cruise ship will leave Hazira every Monday and Wednesday and reach Diu -next day in the morning.
  • Return journey will take place on the same day in the evening from Diu and end at Hazira- next day in the morning.
  • One side journey will take 13 to 14 hours time.
  • A 300 passenger capacity cruise ship will have 16 cabins.
  • It will make two round trips during the week.
  • It will take passengers to high-sea on Friday, Saturday and Sunday.
  • Cruise ship has latested facilities including a gaming lounge, VIP lounge, entertainment on deck etc.
  • Around four months ago, a ropax ferry service connecting Hazira (Surat) and Ghogha in Bhavnagar district was launched.
  • It has so far carried one lakh passengers in addition to thousands of vehicles.
  1. Answer: B

Explanation:

  • The second meeting of the Sherpas of G7 and guest countries was held.
  • India’s G7 Sherpa Suresh Prabhu attended the meeting.
  • External Affairs Ministry spokesperson Arindam Bagchi said the priority issues under the UK’s G7 Presidency agenda were discussed, including preparations for the COP26 Summit and global health cooperation.
  • Mr Bagchi also said that India has been invited as a guest country of the G7 by the UK this year, along with Australia, South Korea and South Africa.
  1. Answer: C

Explanation:

  • External Affairs Minister Dr S Jaishankar held discussions with Tajikistan Defence Minister Colonel General Sherali Mirzo.
  • The talks were held on the sidelines of the Heart of Asia Ministerial conference in Dushanbe.
  • Dr Jaishankar said the discussions were focused on further strengthening defence and security cooperation between India and Tajikistan.
  1. Answer: D

Explanation:

  • India’s Ambassador to China Vikram Misri interacted with representatives of Indian industry in Shanghai.
  • He will also launch India@75 celebrations in Shanghai.
  • The event was attended by more than 30 representatives representing 8 sectors such as textiles, pharma, electronics, manufacturing, chemicals, IT, banking etc.
  • Ambassador Misri discussed the issues related to business risk in the fluid current geopolitical scenario.
  • He also discussed the general issues faced by the businesses such as flights and visas for their Indian employees who want to come back to China.
  • Amid a geopolitical tussle including tensions in technology and trade, with the western countries led by the US, Chinese companies and businesses are facing sanctions on various counts.
  • China has also announced tit for tat sanctions, affecting the whole business environment.
  • Amid the border tensions in Ladakh, India had tightened regulatory requirements last year for investments from China and banned more than 200 Chinese apps which were considered “prejudicial to sovereignty, security of state and public order”.
  • Also, due to the COVID-19 pandemic, global trade flows have been slowed, although there has still been strong demand for medical equipment and supplies which has largely contributed to China becoming India’s top trade partner in 2020.
  1. Answer: E

Explanation:

  • The World Autism Awareness Day is observed internationally on 2 April every year, to raise awareness about people with Autism Spectrum Disorder (ASD) throughout the world.
  • Theme 2021: “Inclusion in the Workplace: Challenges and opportunities in a Post-Pandemic World”.
  • It was adopted by the United Nations General Assembly on 18 December 2007.
  • World Autism Day is one of only seven official health-specific UN Days.
  1. Answer: E

Explanation:

  • The India Bangladesh ties are historic and multi-dimensional.
  • India is keen to support the national effort of Bangladesh for the betterment of their own people.
  • In order to further the people to people ties between the two countries, India provides scholarships for the descendants of the Liberation War fighters of Bangladesh.
  • The government of India has announced scholarships to 2000 descendants of the Liberation War fighters of Bangladesh under its new Muktijoddha Scholarship scheme.
  • The scheme was launched in 2017 during the visit of Prime Minister Sheikh Hasina to India.
  • Under this scheme, 1000 students each from the Higher Secondary and Undergraduate categories have started receiving the amount of scholarship for this year directly in their account.
  • The new scheme was aimed to benefit 10,000 students from Bangladesh over a period of five years.
  • The scholarship carries an amount of 20,000 Taka for students of Higher Secondary and 50,000 Taka to Undergraduate category students, who are direct descendants of Muktijoddhas or Liberation War fighters of Bangladesh.
  1. Answer: B

Explanation:

  • Vice President M. Venkaiah Naidu arrived at capital Bhubaneswar on a two days visit to Odisha.
  • He was received at the airport by the Governor of Odisha Prof Ganeshi Lal, Chief Minister Naveen Patnaik and other top level officials.
  • The Vice president is scheduled to attend a book release function at the Raj Bhawan in capital Bhubaneswar a short while from now before proceeding to the twin city of Cuttack to inaugurate the 600th birth anniversary of Adikavi Sarala Das.
  • He will also attend as chief guest at the convocation of Utkal University in Bhubaneswar.
  1. Answer: D

Explanation:

  • In Kargil Ladakh, Rural Development Department Kargil organised one-day Training and Awareness Programme for Self Help Groups under National Rural Livelihood Mission at Sankoo block.
  • The training was imparted by Mrs Razia Banoo from Agriculture Department and Dr Rigzin Dolkar from KVK Kargil (SUKAST) on Onion Cultivation and other agricultural activities and SHG Formation and Agriculture as a means to boost these SHGs to earn and increase their livelihood.
  1. Answer: B

Explanation:

  • Centre has proposed up to 25 percent tax concession on the purchase of new vehicles on submission of scrappage certificate.
  • The Road, Transport and Highways Ministry has published the draft rules regarding concession in motor vehicle tax against scrapped vehicles.
  • Under the draft rules, people will get 25 percent concession on the purchase of personal vehicles with vehicle scrappage certificate while on the purchase of commercial vehicles, the tax relief will be 15 percent.
  • In case of personal vehicles, the tax concessions will be available upto eight years while for commercial vehicles; it will be upto 15 years.
  1. Answer: C

Explanation:

  • Union Government has approved a 780 Crore rupees project for upgradation of Kargil Zanskar road.
  • The 2 lane Kargil Zanskar NH 301 road is sanctioned under EPC mode.
  • Union Minister for Road Transport & Highways Nitin Gadkari approved the upgradation of the 780 Crore project.
  • Zanskar- Kargil road was declared National Highway in 2017 by the Centre.
  • This road from Zanskar valley, also connects Suru valley, Sankoo valley of Kargil Ladakh with the Highway.
  • The road will be a key for economic development of the remote region of Ladakh.
  • MP Jamyang Tsering Namgyail said, Modi government is fulfilling the major assurances given to Ladakh.
  • After becoming Union Territory the pace of progress has been multiplied by initiation of various projects like Zojjila Tunnel Construction, Improved Air Connectivity and increase in the total road length by sanctioning various projects under CRF, PMGSY and other schemes.
  1. Answer: E

Explanation:

  • Homegrown digital payments innovation United Payments Interface (UPI) has processed Rs 5.04 lakh crore in transaction value an all time high during March 2021, showed data shared by regulator National Payments Corporation of India (NPCI).
  • This is a 18 per cent rise from Rs 4.25 lakh crore in February.
  • In terms of volume, UPI has seen transactions on its platform more than double to 2.73 billion when compared to 1.25 billion in March 2020.
  • Also, UPI transactions have jumped by 20 per cent from 2.29 billion in February.
  • For the financial year 2020-21, total transaction value on its network stood
  • at Rs 34.19 lakh crore.
  • When it comes to UPI payments, PhonePe, and Google Pay, have the lion’s share.
  1. Answer: C

Explanation:

  • The Reserve Bank of India, RBI, extended the deadline to process recurring online transactions with additional factor of authentication, AFA, to 30th September of this year from the last date fixed.
  • The RBI said, to prevent any inconvenience to the customers, it has decided to extend the timeline for the stakeholders to migrate to the framework by six months.
  • The framework regarding it mandated the use of AFA during registration and first transaction, with relaxation for subsequent transactions up to a limit of Rs 5,000.
  • Indian Banks’ Association (IBA) and payment gateways had sought additional time to comply with the RBI directive on automatic recurring payment.
  • On 4th December last year, the RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions, domestic or cross-border, using cards or prepaid payment instruments or unified payments interface not compliant with AFA would not be continued beyond 31 st March, 2021.

 

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This post was last modified on May 29, 2021 4:17 am

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  3. Weekly Current Affairs Quiz April 2022 PDF Download – For All Competitive Exams