Daily Current Affair Quiz: 9th August 2019
1. Which of the following is a cold current
(d) Counter Equatorial Current
2. Negrito tribes are the inhabitants of
(a) Andaman and Nicobar Islands
(b) North East India
(c) Rajasthan and Punjab
(d) Odisha and Chhattisgarh
- The Andaman Islands are home to four ‘Negrito’ tribes – the Great Andamanese, Onge, Jarawa and Sentinelese. The Nicobar Islands are home to two ‘Mongoloid’ tribes – the Shompen and Nicobarese. The ‘Negrito’ tribes are believed to have arrived in the islands from Africa up to 60,000 years ago.
3. Which of the following statements are true?
1. Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act.
2. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
- Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act.
- The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934.
4. Which of the following countries has the highest number of ‘living’ indigenous languages in the world?
(b) South Africa
(c) Papua New Guinea
- Papua New Guinea has the highest number of ‘living’ indigenous languages in the world (840).
- India stands fourth with 453.
- Ethnologue, a directory of languages, lists 7,111 living languages worldwide.
- Chinese, Spanish, English, Hindi and Arabic are the most widely spoken languages worldwide when only first-languages are considered.
5. Which of the following Prime Ministers of India initiated the nationalization of banks?
(a) Indira Gandhi
(b) Rajiv Gandhi
(c) Vishwanath Pratap Singh
(d) P. V. Narasimha Rao
- It started under the then (1969) Prime Minister Indira Gandhi with nationalisation of 14 major lenders that accounted for 85 per cent of bank deposits in the country at that time. Six more banks were later nationalised in 1980. The core objective for nationalisation was to energise priority sectors at a time when the large businesses dominated credit profiles.