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Daily Current Affairs Answer & Explanation : 13 Feb 2020

Question 1.



Finance Minister Shrimati Nirmala Sithraman presented the Budget 2020 on 1 February 2020. The Budget focuses on three prominent themes “Aspirational India, Economic Development for All and A Caring Society”.


Question 2.

Answer- a


  • On 6th February it was announced it will create a platform to assess the penetration of different kinds of digital payment methods in rural, urban and semi-urban areas by launching the Digital Payment Index.
  • It will be made available from July this year and will also help understand the effects of policy decisions made by the RBI.


Question 3.

Answer- d


  • S. Department of State has approved the potential sale of a $1.867 billion Integrated Air Defence Weapon System (IADWS) to India.


  • The Integrated Air Defence Weapon System, also known as the National Advanced Surface to Air Missile System (NASAMS), provides integrated air missile defence.


  • The IADWS system includes radar, launchers, targeting, and guidance systems, advanced medium-range air-to-air missile (AMRAAM) and Stinger missiles, and related equipment and support.


Question 4.  

Answer : c


  • Marginal Cost of funds based Lending rate (MCLR) The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI.
  • It is an internal benchmark or reference rate for the bank”.


Question 5.

Answer : b


  • India has bought the Ka 226 T light helicopter from Russia.
  • The Kamov Ka-226 is a small, twin-engine Russian utility helicopter.


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