Current Affairs Quiz Questions and Answers 2020 || 15 Aug 2020 ||

Current Affairs Quiz Questions and Answers 2020

15 AUG 2020

(Q.01) Paytm has launched India’s 1st pocket android POS device named ‘Paytm All-in-One Portable Android Smart POS’. Where is the HQ of Paytm located?
1) Pune
2) Mumbai
3) Noida
4) Delhi

Ans. :-(3) Noida

Paytm has launched India’s 1st Pocket Android POS(Point of Sale) Device, ‘Paytm All-in-One Portable Android Smart POS’ for contactless ordering and payments in India. It is an effort to digitise and empower a large number of Small and Medium Enterprises (SMEs). It is integrated with the ‘Paytm for Business’ app to generate GST compliant bills and to manage all transactions & settlements. It comes with an introductory price of Rs 499 per month on a rental basis and is designed like a phone. It is much more powerful than the portable Linux based POS devices presently available in the country.Paytm: Headquarters– Noida, Uttar Pradesh.

About Paytm:
Headquarters– Noida, Uttar Pradesh
President– Amit Nayyar

(Q.02) Find the bank which obtained in-principle approval from the RBI to set up a wholly-owned non- financial subsidiary.
1) HDFC Bank
2) Axis Bank
3) Chennai Industrial Bank
4) South Indian Bank

Ans. :-(4) South Indian Bank

South Indian Bank(SIB) has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI. After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations.

About SIB:
Headquarters– Thrissur, Kerala
Tagline – Experience Next Generation Banking
Managing Director & CEO– V.G. Mathew

(Q.03) S N Rajeswari has been appointed as the chairman and managing director of which insurance company?
1) TATA AIG General Insurance Company Limited
2) United India Insurance Company Limited
3) Oriental Insurance Company Limited
4) New India Assurance Company Limited

Ans. :-(3) Oriental Insurance Company Limited

S N Rajeswari has been appointed the Chairman-cum-Managing Director of Oriental Insurance Company Limited (OICL), according to a Personnel Ministry. She is currently General Manager of New India Assurance Company Limited.

(Q.04) BSE signs MoU with two Akola based bullion trade associations for deepening commodity derivatives market in India. Who is the present MD&CEO of BSE?
1) Sameer Patil
2) Ashishkumar Chauhan
3) Dilip Asbe
4) Nayan Mehta

Ans. :-(2) Ashishkumar Chauhan

BSE, formerly known as Bombay Stock Exchange has signed a Memorandum of Understanding(MoU) with Akola Sarafa Association and Akola SarafaVaSuvarnakarYuvaSangh of Akola, Maharashtra based bullion trade and industry associations for deepening the commodity derivatives market in India and benefit the trading and hedging of all the market participants in Indian bullion derivatives market.Ashishkumar Chauhan is the present MD&CEO of BSE.

About Bombay Stock Exchange(BSE):
Chairman of the Board– Justice Vikramajit Sen
MD&CEO– Ashishkumar Chauhan
Head Office– Mumbai, Maharashtra

(Q.05) Name the company which received Federal Communications Commission’s (FCC) approval for Project Kuiper satellite constellation.
1) Amazon
2) Flipkart
3) Google
4) Microsoft

Ans. :-(1) Amazon

The US Federal Communications Commission (FCC) has given Amazon approval for its Project Kuiper low orbit satellite constellation, to provide Internet access.The planned constellation of 3,236 satellites is intended to address “unserved and underserved communities” around the world.SpaceX is a rival in this area, with its planned Starlink eventually consisting of 4,425 satellites.

(Q.06) Union MSME minister Nitin Gadkari has addressed “India@75 Summit – Mission 2022” organized by which organization?
1) Confederation of Indian Industry (CII)
2) Tribal Cooperative Marketing Development Federation of India (TRIFED)
3) Federation of Indian Chambers of Commerce and Industry (FICCI)
4) Agricultural and Processed Food Products Export Development Authority (APEDA)

Ans. :-(1) Confederation of Indian Industry (CII)

Nitin Gadkari, Union Minister for Micro Small and Medium Enterprises(MSME) and Road Transport & Highways addressed the “India@75 Summit – Mission 2022” organised by the confederation of Indian Industries(CII) which was focused on ‘reinventing technology in India’. He stated that to achieve self-reliant India, the MSME Ministry and Industries should be made import substitutes, cost-effective, pollution-free and indigenous.

About CII:
President– Uday Kotak
Vice President– Sanjiv Bajaj
Headquarters– New Delhi

(Q.07) IC-IMPACTS 2020, the research conference between which country held recently (August 6-7, 2020)?
1) India & China
2) India & Cameroon
3) India & Chilli
4) India & Canada

Ans. :-(4) India & Canada

IC-IMPACTS (the India-Canada Centre for Innovative Multidisciplinary Partnerships to Accelerate Community Transformation and Sustainability) 2020 Annual Research Conference held Virtually on Aug 6-7, 2020 to discuss the ways to elevate the inter-country cooperation to the next Level by strengthening existing international connections, sharing best practices in multiple areas, and initiating new collaborations in government and institutions. The Conference was organised by IC-IMPACTS.

About IC-IMPACTS:
Headquarters– British Columbia, Canada
Scientific Director and CEO– Prof. Nemy Banthia

(Q.08) Which company along with NITI Aayog’s Atal Innovation Mission released the 2nd edition of Student Entrepreneurship Program?
1) Tech Mahindra
2) Tata Consultancy Services
3) Dell Technologies
4) Oracle Financial Services

Ans. :- (3) Dell Technologies

NITI Aayog’s Atal Innovation Mission (AIM) in collaboration with Dell Technologies has launched the 2nd edition of Student Entrepreneurship Program (SEP 2.0) for young innovators of Atal Tinkering Labs (ATLs). Objective of SEP: To accelerate the entrepreneurial journey of young innovators who can play a major role in creating a new innovative India.

About Atal Innovation Mission (AIM)
Mission Director – Ramanan Ramanathan 
Headquarters – New Delhi
About NITI Aayog
Chairperson – Prime Minister Narendra Damodardas Modi. 
Vice-Chairperson – Rajiv Kumar. 
Chief Executive Officer – Amitabh Kant. 

(Q.09) Union Jal Shakti minister Gajendra Singh Shekhawat has launched the Swachh Bharat Mission (SBM) academy. What is the constituency of Gajendra Singh Shekhawat?
1) Kishanganj
2) New Delhi
3) Jaipur
4) Jodhpur

Ans. :-(4) Jodhpur

Gajendra Singh Shekhawat, Union Minister for Jal Shakti launched the Swachh Bharat Mission(SBM) Academy, an Interactive Voice Response (IVR) based free mobile online training course with modules on the Open Defecation Free (ODF) Plus programme at an event in New Delhi. It is launched as part of ‘GandagiMukt Bharat’, the ongoing week-long behaviour change campaign.Union Minister– Gajendra Singh Shekhawat(Constituency- Jodhpur, Rajasthan).Minister of State– Rattan Lal Kataria(Constituency- Ambala, haryana)

(Q.10) Who launched KrishiMegh along with the KVC ALUNET recently?
1) Narendra Modi
2) Prakash Javadekar
3) Narendra Singh Tomar
4) Harsh Vardhan

Ans. :-(3) Narendra Singh Tomar

Union Minister of Agriculture & Farmers’ Welfare, Narendra Singh Tomar virtually launched the KrishiMegh (National Agricultural Research & Education System -Cloud Infrastructure and Services) along with the KVC ALUNET (KrishiVishwavidyalayaChhatr Alumni Network) and Online Accreditation System for Higher Agricultural Educational Institutions (HEI) on the lines of the Digital India initiative.

About Indian Council of Agricultural Research (ICAR):
Director General– Dr. Trilochan Mohapatra
Headquarter– New Delhi
About Ministry of Agriculture and Farmers Welfare (MoAFW):
Narendra Singh Tomar Constituency– Morena, Madhya Pradesh (MP)
Minister of State (MoS) for agriculture, cooperation & farmers welfare– Kailash Choudhary
MoS for agriculture & farmers welfare– Parshottambhai Rupala

(Q.11) As per Ministry of Petroleum and Natural Gas’s guidelines, the entity with net worth of at least ______ is eligible for obtaining the liberalized license to sell petrol and diesel to both retail & bulk consumers.
1) 1000 Crore
2) 500 Crore
3) 200 Crore
4) 100 Crore

Ans. :-(2) 500 Crore

In order to increase private sector participation in the marketing of petrol and diesel, the Ministry of Petroleum and Natural Gas has simplified the guidelines for grant of authorization for bulk and retail marketing of Motor Spirit (Petrol) and High Speed Diesel (Diesel), Any entity with a net worth of at least Rs.500 crore is eligible for obtaining the liberalizedlicense to sell petrol and diesel to both retail & bulk consumers and a net worth of Rs 250 crore can get a license to retail petrol and diesel to either bulk or retail consumers.

(Q.12) The National Agricultural Higher Education Project (NAHEP) was funded by Government of India and which bank?
1) Asian Infrastructure Investment Bank (AIIB)
2) New Development Bank (NDB)
3) Asian Development Bank (ADB)
4) World Bank (WB)

Ans. :-(4) World Bank (WB)

Krishi Megh, the data recovery centre of ICAR has been set up under the National Agricultural Higher Education Project (NAHEP), which is funded by both the World Bank and the Indian government.

(Q.13) Which is the 1st country in the world to officially register a COVID-19 vaccine named ‘Sputnik V’?
1) Russia
2) China
3) India
4) United States

Ans. :-(1) Russia

Russia becomes the world’s 1st country to officially register a coronavirus(COVID-19) vaccine and declare it ready for use. The vaccine will be marketed in foreign markets under the name ‘Sputnik V’, after the world’s first satellite Sputnik. The vaccine has been developed jointly by the Gamaleya Research Institute of Epidemiology and Microbiology and the Russian Defence Ministry.

About Russia:
Capital– Moscow
Currency– Russian Ruble
President– Vladimir V. Putin

(Q.14) Alexander Grigoryevich Lukashenko has won his sixth consecutive presidential term of Belarus recently. What is the capital of Belarus?
1) Warsaw
2) Vilnius
3) Minsk
4) Kyiv

Ans. :-(3) Minsk

The Central Election Commission of the Republic of Belarus said that the country’s longtime authoritarian leader Alexander Grigoryevich Lukashenko has won his sixth consecutive presidential term(1994-present) by taking over 80% of the votes.Belarus: Capital – Minsk.

(Q.15) International Youth Day is observed annually on August 12. What is the 2020’s theme for the day?
1) Youth Building Peace
2) Youth Engagement for Global Action
3) Transforming education
4) Youth Civic Engagement

Ans. :-(2) Youth Engagement for Global Action

The United Nations(UNs) International Youth Day(IYD) is annually celebrated on 12th August to raise awareness on the legal and cultural problems related to the youths all over the world and to celebrate and focus on the voices, actions and initiatives of young people. IYD 2020 is convened by the UN Department of Economic and Social Affairs (DESA) in partnership with the Inter-Agency Network on Youth Development(IANYD) Youth Caucus and Create2030. The First International Youths day was observed on 12th August 2000. The IYD 2020 is celebrated under the theme – “Youth Engagement for Global Action”.

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