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Current Affairs MCQ Quiz with Answers and Notes — July 23, 2020


Current Affairs MCQ Quiz with Answers and Notes |
July 23, 2020

nigeria-current-affairs-quizReading National and International current affairs 2020 is no doubt one of the surest ways of keep yourself updated. If you are preparing for an exam, job interview or simply trying to know what is current in the news, our 2020 daily current affairs will help you do just that. We take a step further to compile on daily basis, 2020 current affairs Multiple Choice Questions (MCQs) with Answers to help you test your knowledge about July 2020 current affairs and ensure that you are in the-know with the latest happenings in Nigeria, Africa and the world at large.


1. COVID-19 cases in Nigeria crossed the 35,000 mark on?

[A] July 14, 2020
[B] July 15, 2020
[C] July 17, 2020
[D] July 18, 2020

Correct Answer: C [July 17, 2020] ✓

Notes: The Nigeria Center for Disease Control, NCDC, on Friday, July 17, 2020 confirmed 600 new cases of COVID-19. Total number of cases reported is 35,454, discharged 14,633 and 772 deaths.

2. Worldwide Coronavirus Cases crossed the 15 Million mark on?

[A] July 18, 2020
[B] July 19, 2020
[C] July 23, 2020
[D] July 15, 2020

Correct Answer: C [July 23 2020] ✓

Notes: According to a report by Johns Hopkins University, the number of COVID-19 confirmed cases around the world has reached over 15.2 million as of July 23, 2020.

Over 623,000 fatalities and more than 8.6 million recoveries, have been reported.

3. Property-related transactions like tenancy or lease agreement fall under the _____ category of the stamp duty which attracts ________ duty payable in percentage of the total value or sum of the tenancy or lease?

[A] Specific / 5%
[B] Ad Valorem /6%
[C] Non Ad Valorem / 6%
[D] Compound / 5%

Correct Answer: B [Ad Valorem /6%] ✓

Notes: Property-related transactions like tenancy or lease agreement fall under the Ad Valorem category of the stamp duty which attracts six per cent duty payable in percentage of the total value or sum of the tenancy or lease.

4. President Muhammadu Buhari’s first trip abroad since coronavirus pandemic was to which country?

[A] Kenya
[B] Zimbabwe
[C] Ghana
[D] Mali

Correct Answer: D [Mali] ✓

Notes:

President Buhari and the ECOWAS Chairman, President Issoufou Mahamadou of Niger Republic had already agreed to meet in Mali on July 23, 2020 to engage in further consultations towards finding a political solution to the crisis in the country.

5. One of the following is NOT an objective of the CBN GIS?

[A] Facilitate a seamless loan process
[B] Facilitate an improved credit repayment culture
[C] Reduce Non-Performing Loans in the banking industry
[D] Watch-list consistent loan defaulters

Correct Answer: A [Facilitate a seamless loan process] ✓

Notes: According to the Central Bank of Nigeria (CBN), the objectives of the Global Standing Instruction, GSI, were to facilitate an improved credit repayment culture; reduce Non-Performing Loans in the banking industry; and watch-list consistent loan defaulters.

Take previous July 2020 Nigeria Current Affairs MCQ Quiz with Answers and Notes

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