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Daily Current Affairs Answer & Explanation : 15 Oct 2019

Question 1.

Answer- d


It eliminates the need to stop for toll payment, and eases movement of vehicles.

The system at the toll plaza uses Radio Frequency Identification (RFID) technology to deduct the payment from the user’s account. Seven banks are currently linked with FASTag – SBI, ICICI Bank, Axis Bank, HDFC Bank, IndusInd Bank, Paytm Payments Bank and Equitas Small Finance Bank.


Question 2.

Answer-  d


In 1968, Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize.

The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969. The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden,


Question 3.

Answer-  c


Export Credit Guarantee Corporation of India (ECGC) has introduced ‘NIRVIK’ scheme to ease the lending process and enhance loan availability for exporters.

Under the new ‘NIRVIK’ scheme, which is also called the  Export Credit Insurance Scheme (ECIS), the insurance cover guaranteed will cover up to 90 percent of the principal and interest. The insurance cover will include both pre and post-shipment credit. The Export Credit Guarantee Corporation of India (ECGC) currently provides credit guarantee of up to 60 percent loss.


Question 4.

Answer- c


The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk. Launched by World Bank with funding from the Bill & Melinda Gates Foundation, the database has been published every three years since 2011.


Question 5.

Answer-  a


The Ibiza affair (German: Ibiza-Affäre), also known as Ibiza-gate, was a political scandal in Austria involving Heinz-Christian Strache, the former vice chancellor of Austria and leader of the Freedom Party (FPÖ), and Johann Gudenus, a deputy leader of the Freedom Party.


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