12th October 2020 Daily Current Affairs & Daily GK Update in English

Here we are Providing  Top 10 Current Affairs of 12th October 2020 and Daily News are the most important topics for any competitive exams with Questions & Answers for TCS, SSC, Bank & Railway Exams. So Solve daily quizzes that will help you memorize the topics.

 

Daily Current Affairs 12th October 2020 in English

 

 

  1. Which of the following statement (s) is/are true regarding Upanishads?
  1. The Upanishads are late Vedic Sanskrit texts of religious teaching and ideas still revered in Hinduism.
  2. Around 108 Upanishads are known, of which the first dozen or so are the oldest and most important and are referred to as the principal or main (mukhya) Upanishads.

(A) Only I

(B) Only II

(C) Both I & II

(D) Neither I nor II

Ans: 1(C)

  1. Which of the following statement (s) is/are true regarding Line of Credit (LOC)?
  1. The Line of Credit is not a grant but a ‘soft loan’ provided on full interest rates.
  2. The LOCs also helps to promote exports of Indian goods and services, as 75% of the value of the contract must be sourced from India.

(A) Only I

(B) Only II

(C) Both I & II

(D) Neither I nor II

Ans: 2(B)

 

  1. Pakistans’ P.M. Imran Khan’s speech at UNGA was rant on India; in this context explain us what is the name of only Indian UNGA President?

(A) Krishna Hutheesing

(B) NayantaraSahgal

(C) Vijaya Lakshmi Pandit

(D) Swarup Rani Nehru

Ans:  3(C)

  1. Vodafone wins international arbitration against India in ICJ, what is the official language of ICJ?

(A) English

(B) French

(C) Japanese

(D) Both A & B

Ans:  4(D)

 

  1. LIC, GIC, New India Assurance identified as D-SIIs, so what do you understand by D-SIB banks?

(A) Bank is too big to fail.

(B) Bank is too small to fail.

(C) Bank that have so many NPA’s.

(D) None

Ans:  5(A)

 

  1. What is APMC as farm Bills leave farmers, commission agents and workers worried?

(A) Agricultural Produce Market Committee

(B) A system operating under the State Government

(C) A system operating under the central Government

(D) All

Ans: 6(D)

 

7.Which of the following statement (s) is/are true regarding Cess in India?

  1. CESS is tax on tax and usually levied for the specific purposes.
  2. Cess fund is to be kept in the Consolidated Fund of India.

(A) Only I

(B) Only II

(C) Both I & II

(D) Neither I nor II

Ans: 7(C)

 

  1. Deepika Padukone summons at NCB office in drugs case, when was NCB established?

(A) 1789

(B) 1986

(C) 1967

(D) 1988

Ans: 8(B)

 

  1. Which one of the following is NOT correct regarding Consolidated Fund of India?

(A) Provision for this fund is made in Article 267(1) of the Constitution of India.

(B) Each state can have its own Consolidated Fund of the state with similar provisions.

(C) Its corpus is Rs 500 crores.

(D) All are correct.

Ans:  9(D)

  1. Which one of the following is NOT correct regarding Public Accounts of India?

(A) This is constituted under Article 266(2) of the Constitution.

(B)  All other public money (other than those covered under the Consolidated Fund of India) received by or on behalf of the Indian Government are credited to this account/fund.

(C) The government does need permission to take advances from this account.

(D) All are correct.

ANSWERS: – 10(C)

 

 

 

 

You may also like...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.