Current Affairs Quiz for February 12, 2020: This section covers the GK and Daily Current Affairs Quiz with MCQs on National Affairs, International Affairs, Economy, Banking Affairs, Polity, Geography, Environment, Sports, etc. for competitive examinations viz. UPSC, SSC, Bank PO, Bank Clerk, IBPS, Railways, Government Jobs, UPPSC, MPSC, and other state exams. This current affairs quiz will help you in the General Awareness section conducted in various Banking, SSC, Insurance, Railways, and other govt job entrance exams. The current affairs quiz will also help you outshine in the crowd with all the information you gain from this article.

So, follow our Current affairs quiz daily to crack any kind of competitive exams you come across in India. Wait no more and let’s take today’s Current affairs quiz.

ATTEMPT MORE QUIZ ON CURRENT AFFAIRS HERE

Current Affairs Quiz for February 12, 2020

1. Which Supermarket entered the list of top 20 most valued companies by market capitalization on BSE?

A. K-Mart
B. D-Mart
C. Walmart
D. C-Mart
E. M-Mart

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (B)

Shares of Avenue Supermarts, the operator force behind D-Mart stores, saw as much as 11% rise in their shares price up to record high of ₹2,537 per share. With this the market capitalization of D-Mart swelled above ₹1.55 lakh crore making it the 18th most valuable company on Bombay Stock Exchange (BSE) in terms of market capitalization, ahead of Nestle India and Bajaj Finserv which are in 19th and 20th position respectively. [/ms_expand]

2. What is the prescribed percentage allotted by the USTR for countries to get special preferences under the methodology for countervailing duty (CVD) investigations?

A. 0.5% or more
B. 0% – .1%
C. 1% or less
D. 2% – .3%
E. 5.1%

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (A)

For purposes of US CVD law, the Office of the United States Trade Representative (USTR) considers countries with a share of 0.5% or more of world trade to be developed countries. On 10th February the US removed India from its list of developing countries that are exempt from investigations into whether they harm the American industry with unfairly subsidized exports. It also removed Brazil, Indonesia, Hong Kong, South Africa and Argentina from getting special preferences under the methodology for countervailing duty (CVD) investigations, on the basis that the previous guidance formulated in 1998 is obsolete. [/ms_expand]

3. What is India’s latest annual consumer price inflation?

A. 7.35%
B. 7.65%
C. 7.40%
D. 6.76%
E. 7.25%

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (C)

According to the poll consensus held during 5th – 7th February more than 40 economists showed India’s annual consumer price inflation is expected to have risen to 7.40% in January, a touch above December’s 7.35% and the highest since May 2014. [/ms_expand]

4. What is the amount of the incentive package approved by the Haryana Govt. to the upcoming mega projects, Adani Wilmar, Aarti Green, Amperex and Wonder Cement?

A. Rs. 3876 crore
B. Rs. 1765 crore
C. Rs. 1234 crore
D. Rs. 5000 crore
E. Rs. 1246 crore

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (E)

On 10th February the Haryana Enterprise Promotion Board (HEPB), under the chairmanship of Chief Minister, Manohar Lal approved a special package of incentives amounting to over Rs 1246 crore to the above four Mega Projects to be established in the B, C and D category of Blocks in the State. Talking about the opportunities provided by these projects the Chief Minister stated that the setting up of these Mega Projects would not only bring investment to the State but also provide ample job opportunities to the youth and boost the State economy. [/ms_expand]

5. Which state-sanctioned the Groundwater Act 2020 recently?

A. Bihar
B. Andhra Pradesh
C. Rajasthan
D. Gujarat
E. Uttar Pradesh

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (E)

On February 11th the Chief Minister of Uttar Pradesh Yogi Aditya Nath sanctioned the Ground Water Act 2020 in order to improve the falling groundwater level. According to the Act registration for installation of submersible pumps and rainwater harvesting in all public and private schools and colleges in the state has been made mandatory. [/ms_expand]

6. How many cases of fraudulent GST refund claims by exporters have been detected from July 2017 to January 2020?

A. 1912 cases
B. 634 cases
C. 1200 cases
D. 1500 cases
E. 500 cases

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (B)

Central tax authorities have detected 634 cases of fraudulent goods and services tax (GST) refund claim by exporters amounting Rs 1,912 crore between July 2017 and January 2020 out of which Rs 238.97 crore had been recovered by the Central GST authorities from the entities which claimed the fraudulent refunds, and 35 people have been arrested by the CGST authorities. [/ms_expand]

7. What is the total amount of the incomes claimed by the Income Tax department in the cases involving undisclosed foreign assets?

A. 20,000 crore
B. 10,000 crore
C. 12,600 crore
D. 30,000 crore
E. 26,000 crore

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (C)

On the concerted efforts taken by the government to recover black money hidden in foreign countries Shri Anurag Thakur, Minister of State for Finance stated in a written reply in Rajya Sabha on 11th February that the Income Tax department has issued notices in 422 cases involving undisclosed foreign assets and income of over Rs 12,600 crore till December 31, 2019. The notices have been issued under the Black Money (Undisclosed Foreign Income & Assets) and Imposition of Tax Act, which came into effect on July 1, 2015. [/ms_expand]

8. Which of the following important occasion is celebrated on 11th February every year?

A. Children’s Day
B. World Cancer Day
C. International Day of Women and Girls in Science
D. Mother’s Day
E. World HIV Day

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (C)

The United Nations General Assembly declared 11th February as the International Day of Women and Girls in Science in order to achieve full and equal access to and participation in science for women and girls, and further achieve gender equality and the empowerment of women and girls. [/ms_expand]

9. The Bhabha Kavach was developed under which Indian campaign?

A. Make In India Initiative
B. Beti Padhao Beti Bachao
C. Swachh Bharat Abhiyan
D. Pradhan Mantri Matritva Vandana Yojana
E. Jawaharlal Nehru National Urban Renewal Mission

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (A)

The Bhabha Atomic Research Centre (BARC) developed a new bulletproof jacket for the Central Industrial Security Forces (CISF) called the Bhabha Kavach. It was displayed at the International Police Expo 2019 held the Pragati Maidan in New Delhi in July last year. It has been developed under the ‘Make in India’ initiative as a substitute for foreign imports. [/ms_expand]

10. India’s richest municipality operates in which city?

A. Ahmedabad
B. Jaipur
C. Mumbai
D. New Delhi
E. Chennai

[ms_expand class=”” id=”” more_icon=”fa-eye” more_text=”Click Here to View Answer” less_icon=”” less_text=””] Solution (C)

Mumbai, India’s richest municipality is exploring new ways to boost revenue as a slowing economy hurts earnings from real estate by adopting means like tax on garbage collection and additional levies on services such as issuing birth certificates. The Municipal Corporation of Greater Mumbai covers half the area of the city of New York but houses 50% more people, has seen revenue dropping 5% from its previous target to 238.5 billion rupees ($3.4 billion) through March 31st. [/ms_expand]

Attempt More Quizzes Here for	Click Here
अटेम्प्ट करें फ्री करंट अफेयर्स MCQ हिंदी में	Click Here

FOLLOW CURRENT AFFAIRS FOR FEBRUARY 2020 HERE

Taking these current affairs quiz will surely help you to crack the upcoming government exams. Preparing well for the general awareness section of government exams is a gradual process and regular learning and practicing helps a lot. Besides that, you must also be updated with all the upcoming Government Jobs/ Sarkari Naukri, such that you can apply for these upcoming Sarkari Naukri and put your efforts into action. Thus, go through all the latest and updated Sarkari Naukri Page on Embibe to stay tuned with the ongoing and upcoming government jobs.

To provide you with the satisfaction of overall coverage on current affairs, our GK team at Embibe is crafting these most important GK questions and answers on a daily basis from the events around the world. This current affairs quiz will ensure that you have not left any important questions behind for the day. The explanation provided in the Current affairs quiz for each question will help you memorize the answer better, preparing you for the time in need. Irrespective of the exam, this Current affairs quiz will help you jog your memory any time, any place.

We hope you are satisfied with today’s current affairs quiz since the main purpose of this Current affairs quiz is to help you reach your goal. If you have any doubts concerning the current affairs quiz or GK Questions mentioned above, feel to drop a comment in the comment section below. We will get back to you at the earliest.