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 Daily Q&A PDF

Current Affairs Q&A PDF – 11&12 April 2021

NATIONAL AFFAIRS

1. The Ministry of Petroleum & Natural Gas announced that India’s Fuel demand fell by 9.1% in FY
2020-21 due to COVID-19 lockdown.
Identify the points that are True with respect to Indian Petroleum products:
A) India’s Most consumed fuel, Petrol, fell by 12% in FY 2020-21
B) Liquefied Petroleum Gas (LPG) is a mixture of Butane & Propane
C) LPG was the only retail fuel that registered positive growth in FY 2020-21
1) Only A & B
2) All A, B & C
3) Only B & C
4) Only A & C
5) Only A
Answer- 3) Only B & C
Explanation:
According to the Ministry of Petroleum & Natural Gas, For the 1st time since 1998-99, India’s fuel demand
declined by 9.1% in FY 2020-21 due to COVID-19 lockdown.
· Consumption of Diesel (India’s most consumed fuel) fell by 12%, while Petrol demand fell by 6.7%.
· LPG (Liquefied Petroleum Gas) was the only retail fuel that registered growth.
· LPG is a mixture of Butane & Propane.

2. Which country’s Prime Minister participated in a virtual summit with PM Modi (in Apr’21), where
they agreed to set-up 25 Centres of Excellence (CoE) in Indian Agriculture sector by 2025?
1) France
2) Israel
3) Netherlands
4) South Korea
5) Canada
Answer- 3) Netherlands
Explanation:
On April 9, 2021, Indian Prime Minister Narendra Modi & Prime Minister of Netherlands Mark Rutte co-
chaired the India-Netherlands Virtual Summit 2021.
The two PMs agreed to on various bilateral initiatives:
· Instituting a ‘Strategic Partnership on Water’
· Fast Track Mechanism for promoting bilateral trade
· Establishment of 25 Centres of Excellence (CoE) sanctioned under the Indo-Dutch Joint Action Plan on
Agriculture by 2025.

3. Which country is planning to host the virtual summit, ‘Leaders’ Summit on Climate’ in April 2021?
1) France
2) India
3) United States
4) United Kingdom
5) Poland

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Answer- 3) United States
Explanation:
John Kerry, United States (US) Special Presidential Envoy for Climate visited India from 5th to 8th April
2021 to discuss the upcoming Leaders’ Summit on Climate which will be hosted by Joe Biden, President of
the US and the key climate issues in the context of COP26.
· The US President has invited 40 world leaders (including PM Narendra Modi) to attend the virtual
summit on climate on 22nd and 23rd April 2021.

4. Sergey Lavrov, the External Affairs Minister of ___________ on his visit to India (in Apr’21), agreed to
transfer cutting edge weapon manufacturing technologies to India.
1) Russia
2) Germany
3) France
4) Israel
5) United States
Answer- 1) Russia
Explanation:
External Affairs Minister of Russia, Sergey Lavrov visited New Delhi in April 2021.
Where, Russia agreed to transfer cutting edge technologies and manufacturing of weapons systems in India.
They also discussed enhancing bilateral cooperation in Afghan Peace process.

5. e-commerce major ___________ is planning (as of Apr’21) to set-up Asia’s largest fulfillment center at
_____________.
1) Amazon, Gurugram
2) Flipkart, Bangalore
3) Amazon, Bangalore
4) Flipkart, Noida
5) Flipkart, Gurugram
Answer- 5) Flipkart, Gurugram
Explanation:
Haryana state govt. approved allotment of 140 acres of land for e-commerce major, Flipkart for setting-up
Asia’s largest fulfillment center in Gurugram, Haryana. Unlike traditional warehouses, the fulfilment center
will be equipped with highly automated pick, pack, and shipping equipment.

INTERNATIONAL AFFAIRS

6. Identify the points that are correct with respect to the 30th BASIC Ministerial Meeting on Climate,
that was held virtually in April 2021:
A) BASIC is a group of 5 countries – Brazil, Australia, South Africa, India & China
B) South Africa is the host country of the 2021 Meeting
C) The Group was formed in 2009 during the UNFCCC Copenhagen Summit
1) Only A & B
2) Only B & C
3) Only B
4) Only A & C
5) Only C

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 Daily Q&A PDF
Answer- 5) Only C
Explanation:
The 30th Session BASIC (Brazil, South Africa, India & China) Ministerial Meeting on Climate Change hosted
by India took place virtually on April 7-8, 2021.
· The meeting was chaired by Environment Minister, Prakash Javadekar.
· The group was established as a result of an agreement signed by the Four Countries – Brazil, South
Africa, India & China in 2009 during UNFCCC Copenhagen Summit.

BANKING AND FINANCE

7. ____________ Municipal Corporation, is the 1st in India to issue Municipal Green Bonds in BSE, while
_________ Municipal Corporation is the 1st to introduce Municipal Bonds in India.
1) Ghaziabad, Bangalore
2) Indore, Bangalore
3) Bangalore, Ghaziabad
4) Ghaziabad, Indore
5) Bangalore, Indore
Answer- 1) Ghaziabad, Bangalore
Explanation:
Ghaziabad Municipal Corporation, a civic body in Uttar Pradesh(UP), has become India’s 1st municipal
corporation to issue municipal green bonds.
· It issued municipal green bonds in Bombay Stock Exchange (BSE) & raised Rs 150 crore.
· Funds of these green bonds will be used for the construction of a tertiary sewage treatment plant to
benefit industries in Ghaziabad.
· The Bangalore Municipal Corporation issued municipal bonds for the 1st time in Indian in 1997.
· Indore was the 1st to get its municipal bonds listed on the National Stock Exchange(NSE).

8. In April 2021, RBI revised the Quarterly Projection Model (QPM) – 2.0 to provide targeted
Inflation Forecast on:
A) Fiscal & Monetary behaviours
B) Pricing of Fuels
C) Balance of Payments
1) Only A
2) Only B & C
3) Only A & C
4) Only A & B
5) All A, B & C
Answer- 5) All A, B & C
Explanation:
RBI has revised the Quarterly Projection Model (QPM) to enrich the model’s analytics and to capture the
interactions between the fiscal and monetary policy with real-economy elements.
· The revised model, QPM 2.0 incorporates, fiscal-monetary dynamics, disaggregated fuel pricing (oil
price, exchange rate and fuel taxes), the balance of payments and exchange rate interactions.
· QPM 2.0 model consists of 3 blocks - Fiscal Block, Fuel Block, Balance of Payments Block.
· In 2016 RBI has introduced QPM to provide support for flexible Inflation Forecast Targeting framework
in India.

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 Daily Q&A PDF
9. In April 2021, RBI announced the purchase of ________ worth Govt. Securities of the total targeted
_________ set under the G-sec Acquisition Programme (G-SAP 1.0) for the 1st quarter (Q1) of FY22.
1) Rs 25,000 crore; Rs 1 lakh crore
2) Rs. 10,000 crore; Rs. 50,000 crore
3) Rs. 12,500 crore; Rs. 1 lakh crore
4) Rs. 25,000 crore; Rs. 50,000 crore
5) Rs. 12,500 crore; Rs. 50,000 crore
Answer- 1) Rs 25,000 crore; Rs 1 lakh crore
Explanation:
In April 2021, RBI announced its first purchase of government securities for an amount of Rs 25,000 crore
under the G-sec Acquisition Programme (G-SAP 1.0) of the total Rs 1 lakh crore target set under the G-SAP
1.0 for the 1st quarter (Q1) of FY22. RBI has planned to purchase 5 different types of government securities.

10. Which company partnered with the digital lending platform, FlexiLoans.com, (in Apr’21) to offer
collateral-free business loans to MSMEs, freelancers, women entrepreneurs & sole proprietors?
1) PayPal
2) Citibank
3) HSBC Holdings
4) MasterCard
5) DCB Bank
Answer- 1) PayPal
Explanation:
FlexiLoans.com, a digital lending platform focused on Micro, Small & Medium Enterprises (MSME)
partnered with PayPal, to offer collateral-free business loans to MSMEs, freelancers, women entrepreneurs
and sole proprietors.
· Loans from Rs 50000 to Rs 1 crore will be provided for a tenure ranging from 6 months to 36 months.

11. Which insurance provider recently (in Apr’21) entered into a bancassurance partnership with
Fincare Small Finance Bank?
1) Exide Life Insurance
2) Bharti AXA Life Insurance
3) Tata AIA Life Insurance
4) ICICI Prudential Life Insurance
5) Kotak Life Insurance
Answer- 2) Bharti AXA Life Insurance
Explanation:
Bharti Axa life insurance and Fincare Small Finance Bank(SFB) Limited joined hands for a bancassurance
partnership under which the bank will sell insurance policies to its customers.
About Bharti Axa Life Insurance:
MD & CEO– Parag Raja
Headquarters- Mumbai, Maharashtra

12. In April 2021, the largest ever in expansion to the reserves of Special Drawing Rights (SDR) of
USD 650 billion was made. Which organisation defines the SDR?
1) International Monetary Fund
2) Finance Ministry of India

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 Daily Q&A PDF
3) World Bank
4) Reserve Bank of India
5) World Economic Forum
Answer- 1) International Monetary Fund
Explanation:
The International Monetary Fund’s (IMF) Policy Panel has authorized a USD 650 billion expansion of its
International Reserve Asset (known as Special Drawing Rights (SDR)). It is the largest ever increase of
reserves in IMF’s history.
· Special Drawing Rights (SDR) is an international reserve asset created and defined by the IMF.
· It comprises 5 currencies – US dollar, Euro, Japanese yen, British Pound sterling and Chinese Renminbi
(or Yuan).

ECONOMY AND BUSINESS

13. During April-January 2020-21, the Foreign Direct Investment (FDI) inflow into India grew by
28% to $54.18 billion. Which is India’s top FDI investor?
1) Mauritius
2) USA
3) UK
4) UAE
5) Singapore
Answer- 5) Singapore
Explanation:
The Ministry of Commerce and Industries announced that Foreign Direct Investment (FDI) equity inflows
into India during April-January 2020-21(first ten months of FY21) grew by 28% to $54.18 billion.
· Singapore is the top with FDI to India, followed by the US and the UAE.

APPOINTMENTS AND RESIGNATIONS

14. Who was recently (in Apr’21) appointed as the 1st woman Director General of the National
Council of Applied Economic Research (NCAER)?
1) Jayati Ghosh
2) Poonam Gupta
3) Gita Gopinath
4) Soma Mondal
5) Soumya Swaminathan
Answer- 2) Poonam Gupta
Explanation:
Poonam Gupta, economist of World Bank was appointed as the 1st woman Director General (DG) of the
National Council of Applied Economic Research (NCAER). She will succeed Shekhar Shah, DG of NCAER
since 2011, and assume office as the new DG of NCAER on 1st July 2021.

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 Daily Q&A PDF
ACQUISITIONS & MERGERS

15. Which bank recently (in Apr’21) acquired the stakes in Max Life Insurance company to become a
co-promoter of the insurer?
1) Axis Bank
2) Bandhan Bank
3) HDFC Bank
4) Punjab National Bank
5) Canara Bank
Answer- 1) Axis Bank
Explanation:
Axis Bank along with its subsidiaries Axis Capital Limited & Axis Securities acquired 12.99% stake in Max
Life Insurance company to become a co-promoter of the insurance provider.
About Axis Bank:
Headquarters – Mumbai, Maharashtra
MD & CEO – Amitabh Chaudhry
Tagline – “Badhti Ka Naam Zindagi”

SCIENCE AND TECHNOLOGY

16. __________ developed the World’s 1st MEMS based Micro-Sensor, ________ for Explosive Trace
Detection.
1) IIT Delhi, TMapS
2) IIT Madras, NanoSniffer
3) IIT Madras, TMapS
4) IIT Bombay, NanoSniffer
5) IIT Bombay, TMapSniffer
Answer- 4) IIT Bombay, NanoSniffer
Explanation:
Education Minister, Ramesh Pokhriyal ‘Nishank’ launched ‘NanoSniffer’ – World’s 1st Micro-sensor (or
MEMS, Micro-Electro Mechanical Systems) based Explosive Trace Detector (ETD) developed by NanoSniff
Technologies, an IIT Bombay incubated Startup.

ENVIRONMENT

17. In which region of India did researchers discover the ‘Three-banded Rosefinch’?
1) Western Ghats
2) Nagaland
3) Andaman & Nicobar
4) Eastern Ghats
5) Arunachal Pradesh
Answer- 5) Arunachal Pradesh
Explanation:
A team of researchers from Bombay Natural History Society (BNHS), spotted a new avian species – Three-
banded Rosefinch at a higher altitude coniferous Forests of Arunachal Pradesh.

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 Daily Q&A PDF
OBITUARY

18. In April 2021, Prince Philip passed away at the age of 99. He was the Prince of Which country?
1) Norway
2) Belgium
3) Denmark
4) England
5) Netherlands
Answer- 4) England
Explanation:
On 9th April 2021, Britain’s Prince Philip, the Duke of Edinburgh, husband of Queen Elizabeth II, the
longest-serving royal consort in the history of British passed away at the age of 99 in Windsor Castle,
London, United Kingdom. He was born as the Prince of Greece and Denmark on 10th June 1921 in Greece.

19. Former National Coach of India & Dronacharya awardee, Sanjay Chakraverty passed away in
April 2021. In which sport did he train athletes?
1) Boxing
2) Swimming
3) Badminton
4) Fencing
5) Shooting
Answer- 5) Shooting
Explanation:
Sanjay Chakraverty, the former National Shooting coach of India & recipient of the Dronacharya Award,
passed away at the age of 79 in Mumbai, Maharashtra.
· He has trained many Indian shooters like Abhinav Bindra, Gagan Narang, Anjali Bhagwat and Suma
Shirur, Deepali Deshpande, Anuja Jung and Ayonika Paul.

BOOKS AND AUTHORS

20. In April 2021, Prime Minister Narendra Modi, released the Hindi translation of the book “Odisha
Itihaas”. Who authored the book?
1) Dr Harekrushna Mahtab
2) Naveen Patnaik
3) Nandini Satpathy
4) Biju Patnaik
5) Janaki Ballabh Patnaik
Answer- 1) Dr Harekrushna Mahtab
Explanation:
Prime Minister Narendra Modi, released the Hindi translation of the book “Odisha Itihaas” authored by Dr
Harekrushna Mahtab. The book available in Odia and English was translated into Hindi by Shankarlal
Purohit.

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IMPORTANT DAYS

21. To mark the birth anniversary of Dr Christian Friedrich Samuel Hahnemann, annually World
Homeopathy Day is celebrated across the globe. When was it celebrated?
1) 10th April
2) 12th April
3) 9th April
4) 7th April
5) 8th April
Answer- 1) 10th April
Explanation:
World Homeopathy Day is annually celebrated across the globe on 10th April to mark the importance of
Homeopathy and its contribution to the field of medicine.
· 10th April marks the Birth anniversary of Dr Christian Friedrich Samuel Hahnemann, a German
physician and the founder of Homeopathy,

CA STATIC GK

22. In April 2021, the volcanic mountain, La Soufrière, in the island nation of Saint Vincent and the
Grenadines, erupted. In which oceanic region is the island located?
1) Java Sea
2) Mediterranean Sea
3) Caribbean Sea
4) Baltic Sea
5) Bering Sea
Answer- 3) Caribbean Sea
Explanation:
The volcanic mountain, La Soufrière, in Saint Vincent and the Grenadines, erupted in April 2021. Saint
Vincent and the Grenadines is an island nation in the Caribbean Sea.

23. When was the Kyoto Protocol signed?

1) 1995
2) 1989
3) 1992
4) 1973
5) 1975
Answer- 3) 1992
Explanation:
The Kyoto Protocol is an international treaty signed during the 1992 United Nations Framework
Convention on Climate Change that commits state parties to reduce greenhouse gas emissions.

24. Which was the target year set by Indian Govt. to attain a renewable energy capacity of 450 Giga
Watts?
1) 2022
2) 2025
3) 2035

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4) 2030
5) 2028
Answer- 4) 2030
Explanation:
In September 2020, Indian Govt. has set a target of increasing India’s renewable energy capacity to 175 Giga
Watts by 2022, and a renewable energy capacity of 450 Giga Watts by 2030.

25. Where is the high altitude mountain pass, “Sela Pass” located?
1) Uttarakhand
2) Sikkim
3) Arunachal Pradesh
4) Himachal Pradesh
5) Ladakh
Answer- 3) Arunachal Pradesh
Explanation:
The Sela Pass is a high-altitude mountain pass located on the border between the Tawang and West
Kameng Districts of Arunachal Pradesh state in India.

26. When was the National Council of Applied Economic Research (NCAER) established?
1) 1992
2) 1956
3) 1978
4) 1969
5) 1935
Answer- 2) 1956
Explanation:
About National Council of Applied Economic Research (NCAER):
Director-General– Shekhar Shah
Established in 1956
Location– New Delhi

27. Which is the capital of the Netherlands?

1) Brussels
2) Rotterdam
3) Copenhagen
4) Amsterdam
5) Oslo
Answer- 4) Amsterdam
Explanation:
About Netherlands:
Prime Minister – Mark Rutte
Capital– Amsterdam
Currency– Euro

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 Daily Q&A PDF
28. Where is the headquarters of Fincare Small Finance Bank located?
1) Bengaluru, Karnataka
2) Mumbai, Maharashtra
3) New Delhi
4) Chennai, Tamil Nadu
5) Hyderabad, Telangana
Answer- 1) Bengaluru, Karnataka
Explanation:
About Fincare Small Finance Bank:
MD & CEO– Rajeev Yadav
Headquarters– Bengaluru, Karnataka

29. Which of the following Monetary Policy Instruments is used by RBI for injection and absorption
of liquidity in the market by sales & purchase of Government Securities?
1) Corridor
2) Liquidity Adjustment Facility
3) Market Stabilisation Scheme
4) Open Market Operation
5) Marginal Standing Facility
Answer- 4) Open Market Operation
Explanation:
Open Market Operation (OMO) is a Monetary Policy Instrument used by RBI for injection and absorption of
liquidity in the market by sales & purchase of Government Securities.

30. What is the type of Inflation that occurs when the overall price of a product increases due to
increase in the cost of wages & raw materials?
1) Demand-Pull inflation
2) Cost-Pull inflation
3) Demand-Push inflation
4) Cost-Push inflation
5) Built-In inflation
Answer- 4) Cost-Push inflation
Explanation:
Cost-push inflation occurs when overall prices of a product increase (inflation) due to increases in the cost
of wages and raw materials.

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