Current Affairs Quiz, 28 Mar 2020

1) Which among the following are included in Schedule H1 Drugs?

a) 3^rd and 4^th generation antibiotics
b) habit forming drugs
c) anti-TB drugs
d) All of the above

Ans: d

• Both the statements are correct.
• Govt classifies hydroxychloroquine as Schedule-H1 drug, sale only on prescription. It restricts its sale only based on prescription. It contains 3rd and 4th generation antibiotics, habit forming drugs and anti-TB drugs.

2) Monetary Policy Committee (MPC) has come out with own measures to help deal with economic fallout of COVID-19. It doesn’t include

a) Cut in repo rate
b) Cut in reverse repo rate
c) Cut in Cash Reserve Ratio (CRR)
d) Cut in Statutory Liquidity Ratio (SLR)

Ans: d

• RBI has reduced the CRR to 3%, freeing up ₹1.37 trillion for banks to lend. CRR has been chosen rather than SLR because this increases ‘primary liquidity’ with the banks a bit better.

3) Force Majeure, recently seen in news, was declared by

a) State Bank of India
b) LIC of India
c) Indian Railways
d) None of the above

Ans: c

• Indian Railways has decided that the period from 22.03.2020 to 14.04.2020 shall be treated under “Force Majeure”.During this period no demurrage, wharfage, stacking, stabling, detention and ground usage charge shall be leviable.

4) Ossification test, recently seen in news, is used to evaluate the status of

a) COVID 19
b) Age of a person
c) Water quality
d) None of the above

Ans: a

• It is the primary test for age determination.

5) Arr-Rinam is a tribal lockdown ritual imposed by consensus for 48 hours whenever an epidemic strikes. Where is it observed in?

a) Arunachal Pradesh
b) Rajasthan
c) Gujarat
d) Tamil Nadu

Ans: a

• It is a tribal lockdown ritual observed in Arunachal Pradesh. The Adi community inhabiting East Siang and Lower Dibang Valley districts too performed a similar ritual called Motor that they believe lets shamans with legendary powers to locate wild herbs to combat an epidemic.