Current Affairs Quiz 18th March 2020: Aegon Life Insurance, Crude Oil Sales Agreement , Ropax passenger ferry service

The Current Affairs section constitutes a major part of General Awareness section in a competitive examination and needs your undivided attention. The questions which are asked in the exam are generally framed on National News, International News, State News, Sports, Awards, Summits, Schemes, Books & Authors, Ranks & Reports, Important Days, Economy, Defence, Science & Technology etc. To excel in this section of the competitive examinations you are required to cover the above areas.

To complement your preparation for General Awareness section of the upcoming exams like SBI Clerk Mains, RBI Assistant Mains and SEBI Grade A Prelims, we are providing you Current Affairs Quiz of 18th March 2020 covering the following topics: Aegon Life Insurance, Crude Oil Sales Agreement , Ropax passenger ferry service.

Q1. RBI has lowered the single borrower exposure limit for urban cooperative banks (UCBs) to ____________ of tier I capital.
(a) 20%
(b) 15%
(c) 30%
(d) 10%
(e) 25%

Q2. Name the e-commerce giant, which tied up with Aegon Life Insurance to sell comprehensive insurance solutions for customers.
(a) Myntra
(b) Jabong
(c) Amazon
(d) Snapdeal
(e) Flipkart

Q3. Which of the following company has inked the Crude Oil Sales Agreement (COSA) with Numaligarh Refinery?
(a) Oil India Limited
(b) Bharat Petroleum
(c) Oil and Natural Gas Corporation
(d) Indian Oil Corporation
(e) GAIL

Q4. Veteran poet and _________________ scholar Puthussery Ramachandran passed away.
(a) Marathi
(b) Telugu
(c) Kannada
(d) Malayalam
(e) Tamil

Q5. RBI has decided to increase the Priority Sector Lending (PSL) target for UCBs from 40% to ___________ of the Adjusted Net Bank Credit (ANBC), or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBSE).
(a) 50%
(b) 25%
(c) 75%
(d) 45%
(e) 100%

Solutions

S1. Ans.(b)
Sol. RBI has lowered the single borrower exposure limit for urban cooperative banks (UCBs) to 15% of tier I capital. This limit was earlier 15% of tier-I and tier-II capital.

S2. Ans.(e)
Sol. Indian E-commerce company Flipkart has tied up with Aegon Life Insurance to sell comprehensive insurance solutions for customers. The tie up targets those customers who are seeking instant digital policies with a sum assured of up to Rs 10 lakh.

S3. Ans.(a)
Sol. India’s second-largest national oil explorer, Oil India Limited (OIL) has inked the Crude Oil Sales Agreement (COSA) with Numaligarh Refinery.

S4. Ans.(d)
Sol. Veteran poet and Malayalam scholar Puthussery Ramachandran passed away. ‘Onnanthyakkuttam’ was his first poem which was published in 1944.

S5. Ans.(c)
Sol. RBI has decided to increase the Priority Sector Lending (PSL) target for UCBs from 40% to 75% of the Adjusted Net Bank Credit (ANBC), or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBSE).

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