Daily Current Affair Quiz: 15th August 2019
1. Partial credit guarantee scheme is associated with
(a) Credit to MSMEs
(b) Credit To SHGs
(c) Credit to NBFCs/HFCs
(d) Credit to Sun rise industries
Ans: c
Justification:
- In pursuance of the announcement made in the Union Budget 2019-20, the Government has issued a scheme regarding partial credit guarantee. The scheme provides for a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs.
- Objective of the scheme is to address temporary asset liability mismatches of otherwise solvent NBFCs/HFCs without having to resort to distress sale of their assets for meeting their commitments.
2. Mekedatu dam is located at
(a) Andhra Pradesh
(b) Jharkhand
(c) Tamil Nadu
(d) Karnataka
Ans: d
Justification:
- Being set up by the Karnataka government, the project is near Mekedatu, in Ramanagaram district, across the river Cauvery from Tamil Nadu.
3. Which of the following statements are true?
1. Under a negative rate policy, financial institutions are required to pay interest for parking excess reserves with the central bank.
2. That way, central banks penalise financial institutions for holding on to cash in hope of prompting them to boost lending.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- To battle the global financial crisis triggered by the collapse of Lehman Brothers in 2008, many central banks cut interest rates near zero.
- A decade later, interest rates remain low in most countries due to subdued economic growth.
- With little room to cut rates further, some major central banks have resorted to unconventional policy measures, including a negative rate policy.
4. Regulatory sandbox is associated with?
(a) Regulated Environment where biological tissues are replicated for research purpose
(b) Safe harbor where businesses can test innovative products
(c) Regulated atmosphere where the micro-organisms are grown
(d) None of the above
Ans: b
Justification:
- The Reserve Bank of India (RBI) has issued the final framework for regulatory sandbox in order to enable innovations in the financial technology space.
- A regulatory sandbox is a safe harbour, where businesses can test innovative products under relaxed regulatory conditions. Typically, participating companies release new products in a controlled environment to a limited number of customers for a limited period of time.
5. Which of the following statements are true?
1. Dibru-Saikhowa National Park is a national park in Arunachal Pradesh
2. The park is bounded by the Brahmaputra and Lohit Rivers in the north and Dibru river in the south.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: b
Justification:
- Dibru-Saikhowa National Park is a national park in Assam, India.
- The park is bounded by the Brahmaputra and Lohit Rivers in the north and Dibru river in the south. It mainly consists of moist mixed semi-evergreen forests, moist mixed deciduous forests, canebrakes and grasslands. It is the largest salix swamp forest in north-eastern India, with a tropical monsoon climate with a hot and wet summer and cool and usually dry winter.
