Current Affairs Quiz Questions and Answers 2020 || 23 Aug 2020 ||

Current Affairs Quiz Questions and Answers 2020

23 AUG 2020

(Q.01) Who has launched “Swadeshi Microprocessor Challenge- Innovate Solutions for #Aatmanirbhar Bharat” to support start-ups?
1) Piyush Goyal
2) Pralhad Joshi
3) Giriraj Singh
4) Ravi Shankar Prasad

Ans. :-(4) Ravi Shankar Prasad

Ravi Shankar Prasad, Union Minister of Law & Justice, Communications and Electronics & Information Technology launched the “Swadeshi Microprocessor Challenge- Innovate Solutions for #Aatmanirbhar Bharat” to provide a strong ecosystem of startups, innovation and research in India. Indian Institute of Technology (IIT) Madras and Center for Development of Advance Computing (CDAC) have developed two microprocessors named SHAKTI (32 bit) and VEGA (64 bit) respectively using Open Source Architecture under the aegis of Microprocessor Development Programme of Ministry of Electronics and IT.

About Ministry of Electronics & Information Technology(MeitY):
Union Minister–  Ravi Shankar Prasad
Minister of State– Sanjay Dhotre

(Q.02) Who launched the book titled, “Farm Livelihood Interventions under DAY-NRLM (Strategy, Convergence Framework, Models)”?
1) Narendra Singh Tomar
2) Shripad Yasso Naik
3) Hardeep Singh Puri
4) Pralhad Joshi

Ans. :-(1) Narendra Singh Tomar

Union Minister of Rural Development and Agriculture and Farmers Welfare Narendra Singh Tomar addressed the State Rural Livelihoods Missions across the country through video conferencing. The meeting was also addressed by Union Minister of Tribal Affairs, Arjun Munda and Union Minister of Food Processing Industries, Harsimrat Kaur Badal. Narendra Singh Tomar also released a book “Farm Livelihood Interventions under DAY-NRLM (Strategy, Convergence Framework, Models)”.

(Q.03) According to the report titled, “Tackling the Covid-19 youth employment crisis in Asia and the Pacific”, around 4.1 million youths have lost jobs in India. Which organization released the report?
1) International Labour Organization (ILO) & World Bank (WB
2) United Nations Development Programme (UNDP) & International Monetary Fund (IMF)
3) United Nations Development Programme (UNDP) & World Bank (WB)
4) International Labour Organization (ILO) & Asian Development Bank (ADB)

Ans. :-(4) International Labour Organization (ILO) & Asian Development Bank (ADB)

The International Labour Organization (ILO) and the Asian Development Bank (ADB) released the joint report titled “Tackling the Covid-19 youth employment crisis in Asia and the Pacific”, which stated that due to the COVID-19 pandemic, around 41 lakh youths have lost their jobs in India.

(Q.04) Which organization has released a draft framework for grant of recognition to an industry association as a Self-Regulatory Organization (SRO) for Payment System Operators?
1) Insurance Regulatory and Development Authority of India
2) Reserve Bank of India
3) Pension Fund Regulatory and Development Authority
4) Forward Market Commission of India

Ans. :-(2) Reserve Bank of India

Reserve Bank of India (RBI) released a draft framework for grant of recognition to an industry association as a Self-Regulatory Organization (SRO) for Payment System Operators (PSOs). This draft framework is released on the lines of an announcement in the Statement on Developmental and Regulatory policies issued as part of the Monetary Policy statement dated February 6, 2020. The framework is placed for public comments till September 15, 2020. Notably, SRO will serve as a watchdog to guard against unprofessional practices within an industry or profession.

(Q.05) Reserve Bank of India (RBI) released the “Framework for authorization of Pan-India Umbrella Entity for Retail Payments” recently. What should be the minimum paid-up capital of umbrella entity?
1) 500 Cr
2) 1000 Cr
3) 250 Cr
4) 750 Cr

Ans. :-(1) 500 Cr

Reserve Bank of India (RBI) released the “Framework for authorisation of Pan-India Umbrella Entity for Retail Payments” on the lines of the feedback received on the “draft framework for authorisation of a Pan-India New Umbrella Entity for Retail Payment Systems” which was placed on Reserve Bank’s website on February 10, 2020 for public comments. The Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), will be the final authority to issue authorisation for setting up umbrella entity / entities for retail payments comprising of Automated Teller Machines (ATMs), White Label PoS (point of sale system), Aadhaar-based payments and remittance. The minimum paid-up capital of the umbrella entity should be Rs 500 crore. All entities eligible to apply as promoters of the umbrella entity should be owned and controlled by resident Indian citizens under the Foreign Exchange Management Act, 1999 (FEMA).

(Q.06) Which insurance company has entered into Bancassurance agreement with SBM Bank India recently?
1) Bharti AXA Life Insurance
2) PNB MetLife India Insurance
3) HDFC Standard Life Insurance
4) Future Generali India Life Insurance

Ans. :-(1) Bharti AXA Life Insurance

Bharti AXA Life Insurance has entered into a bancassurance partnership with SBM Bank (India) Limited (SBM Bank India). Through this partnership, Bharti AXA Life Insurance will offer its entire suite of life insurance products, including protection, health, savings and investment plans, to the customers of SBM Private Wealth, the retail banking arm of SBM Bank India. It will benefit the people in the following cities-Mumbai, New Delhi, Chennai, Bengaluru, Hyderabad and Ramachandrapuram.

(Q.07) Which payments bank has launched an Aadhaar authentication based digital savings account ‘Jan Bachat Khata’?
1) Jio Payments Bank
2) Paytm Payments Bank
3) India Post Payments Bank
4) Fino Payments Bank

Ans. :-(4) Fino Payments Bank

Fino Payments Bank Limited(Ltd) launched Jan Bachat Khata (JBK), an Aadhaar authentication based digital savings account for its customers. JBK will bring neo-banking experience to the consumers. The primary target segment is low income household families and direct benefit transfer (DBT) beneficiaries. JBK is in line with the bank’s customer centric innovative offerings.

(Q.08) Find the insurance company which has collaborated with BSE EBIX to sell General insurance products.
1) TATA AIG General Insurance Company
2) Universal Sompo General Insurance Company
3) United India Insurance Company
4) The New India Assurance Company

Ans. :- (2) Universal Sompo General Insurance Company

Universal Sompo General Insurance Company Ltd has collaborated with BSE EBIX Insurance Broking Private Limited (BSE EBIX) to sell General Insurance products in a fully digital environment using the distribution network of BSE EBIX. The partnership was initiated with the issuance of the recently launched Corona Kavach cover of Universal Sompo General Insurance Company Ltd through certified Point of Sales Persons (PoSPs) of BSE EBIX.

(Q.09) Edelweiss Tokio Life Insurance has partnered with which company for AI infrastructure?
1) 10 Pearls
2) Unicsoft
3) DataRoot
4) Element AI

Ans. :-(4) Element AI

Edelweiss Tokio Life Insurance Company Limited has partnered with Element AI, a global developer of AI (Artificial Intelligence)-powered solutions and products, to develop, design and implement a strategic AI roadmap for the new age insurer and prioritise their investments into AI.

About Edelweiss Tokio Life Insurance Company Limited:
Headquarters– Mumbai, Maharashtra
Managing Director & Chief Executive Officer– Sumit Rai
About Element AI:
CEO & Founder– Jean-François (JF) Gagné
Headquarter – Montreal,Canada.

(Q.10) Which state/UT’s police has signed MoU with All India Institute of Ayurveda (AIIA) for ‘Dhanwantari Rath’?
1) Maharashtra Police
2) Gujarat Police
3) Tamil Nadu Police
4) Delhi Police

Ans. :-(4) Delhi Police

Memorandum of Understanding (MoU) was signed between All India Institute of Ayurveda (AIIA) and Delhi Police for extending ayurvedic mode of preventive and promotive health services in the residential colonies of the Delhi Police through mobile units named ‘Dhanwantari Rath’. AYURAKSHA is a joint venture of AIIA & Delhi Police for maintaining the health of Delhi Police personnel who serve as frontline warriors during COVID-19 through Ayurveda immunity boosting measures.

(Q.11) Which ministry has signed MoU with Rural development ministry to support the rural poor people?
1) Ministry of Commerce and Industry
2) Ministry of Human Resource Development
3) Ministry of Tribal Affairs
4) Ministry of Coal

Ans. :-(3) Ministry of Tribal Affairs

Union Minister of Rural Development and Agriculture and Farmers Welfare Narendra Singh Tomar addressed the State Rural Livelihoods Missions across the country through video conferencing. The meeting was also addressed by Union Minister of Tribal Affairs, Arjun Munda and Union Minister of Food Processing Industries, Harsimrat Kaur Badal. During the occasion, the Ministry of Tribal Affairs (MoTA) and Ministry of Rural Development (MoRD) signed a memorandum of understanding (MoU) to take the convergence endeavor (efforts of both ministries) ahead and support rural poor including tribal communities.

(Q.12) Name the sports federation which signed MoU with International Professional Scouting Organization to conduct scout workshops throughout India?
1) National Rifle Association of India(NRAI)
2) Billiards and Snooker Federation of India (BSFI)
3) Archery Association of India (AAI)
4) All India Football Federation(AIFF)

Ans. :-(4) All India Football Federation(AIFF)

All India Football Federation(AIFF) signed a Memorandum of Understanding(MoU) with International Professional Scouting Organization (IPSO) to conduct online Scouting Workshops throughout India.

(Q.13) Ashok Lavasa has resigned from the post of election commissioner of India recently. Who is the present chief election commissioner of India?
1) Om Prakash Rawat
2) AK Jyoti
3) Nasim Zaidi
4) Sunil Arora

Ans. :-(4) Sunil Arora

Ashok Lavasa, one of the two Election Commissioners of India resigned from his post inorder to take charge as the Vice President of Asian Development Bank (ADB) next month. The current Chief Election Commissioner of India is Sunil Arora.

(Q.14) The St Christopher School located in which state has won the first ever Pallikkutam national award for innovation in education instituted by Rajagiri Media?
1) West Bengal
2) Tripura
3) Nagaland
4) Bihar

Ans. :-(3) Nagaland

t Christopher School in Chessore Village, Nagaland won the Gold Award along with cash prize of Rs.1 Lakh from the first ever Pallikkutam National Award for Innovation in Education instituted by Rajagiri Media. The awards were announced over a virtual meeting. The award was sponsored under the CSR initiative of the Federal Bank Ltd. The winners of the awards were chosen by an expert jury formed by the Indian Institute of Management, Kozhikode (IIM-K).

(Q.15) Who has been awarded Star 2020 e-citation certification by world book of records, London?
1) Ganesh Vilas Lengare
2) Kapil Sharma
3) Santosh Shukla
4) Prashant Manohar Gaikwad

Ans. :-(1) Ganesh Vilas Lengare

Solapur based activist Ganesh Vilas Lengare has been awarded Star 2020 E-citation Certification by World Book of Records, London. He has been awarded for his efforts to help the poor people during the lockdown caused by COVID-19.