Current Affairs Quiz Questions and Answers 2020 || 27 Aug 2020 ||

Current Affairs Quiz Questions and Answers 2020

27 AUG 2020

(Q.01) Name the organization which invited countries to join its COVID-19 Vaccine Global Access (COVAX) facility by August 31, 2020.
1) World Health Organisation
2) World Economic Forum
3) Amnesty International
4) United Nations Children’s Fund

Ans. :-(1) World Health Organisation 

In order to provide rapid, fair and equitable access to COVID-19 vaccines worldwide, the World Health Organisation (WHO) has invited countries to join its Covid-19 Vaccine Global Access (COVAX) facility by August 31, 2020. This facility is led by the WHO, along with the GAVI vaccine alliance (formerly the Global Alliance for Vaccines and Immunisation), and the Coalition for Epidemic Preparedness Innovations (CEPI). Its aim is to deliver 2 billion doses of effective, approved COVID-19 vaccines by the end of 2021.

About World Health Organization (WHO):
Director-General–  Tedros Adhanom Ghebreyesus
Headquarter– Geneva, Switzerland

(Q.02) Name the country which discovered the large natural gas reserve off Black Sea.
1) Georgia
2) Ukraine
3) Bulgaria
4) Turkey

Ans. :-(4) Turkey

Recently, Turkey has found its biggest ever (a 320 billion cubic metre) natural gas field discovery in Black Sea. The gas field will become functional in 2023. Turkey is determined to become a net energy exporter. The discovery has a potential to transform Turkey’s dependence on Russia, Iran and Azerbaijan for energy imports. At present Turkey is having a chronic current account deficit, any reduction in Turkey’s energy import bill would boost its finances. It will also help the Lira (Currency of Turkey) to recover against the dollar.

(Q.03) Which regional rural bank has partnered with SBI General Insurance Company to sell general insurance products?
1) Allahabad UP Gramin Bank
2) Karnataka Vikas Grameena Bank
3) Assam Gramin Vikash Bank
4) Odisha Gramin Bank

Ans. :-(2) Karnataka Vikas Grameena Bank

Karnataka Vikas Grameena Bank (KVGB) and SBI General Insurance Co Ltd have signed a Memorandum of Understanding(MoU) in Dharwad, Karnataka to sell general insurance products through the branches of KVGB. The MoU was signed by BC Ravichandra, General Manager of KVGB, and Mahendra Tripathi, Head (Compliance and Legal), SBI General Insurance Co Ltd.

About Karnataka Vikas Grameena Bank:
Headquarters– Dharwad, Karnataka
Chairman– P Gopi Krishna
About SBI General Insurance Co Ltd 
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)– Prakash Chandra Kandpal 

(Q.04) Find the private sector bank which has partnered with Accenture for its digital transformation journey.
1) ICICI Bank
2) Axis Bank
3) HDFC Bank
4) RBL Bank

Ans. :-(4) RBL Bank

RBL Bank has entered into a strategic partnership with Accenture to transform and enhance the future readiness of the bank’s Information Technology (IT) systems and accelerate its digital transformation journey. The alliance will enable RBL Bank to offer next-generation banking services, boost the resilience and scalability of its systems and business processes, and also to improve its operational efficiency.

About RBL Bank:
Headquarters– Mumbai, Maharashtra
MD & CEO– Vishwavir Ahuja
About Accentures:
Headquarters– Dublin, Ireland
Chairperson and Senior Managing Director, India– Rekha M. Menon
Chief Executive Officer, Global– Julie Sweet

(Q.05) Which bank has collaborated with AddaCorner to launch ‘Online Home Carnival’?
1) Union Bank of India
2) Bank of Baroda
3) State Bank of India
4) Bank of Maharashtra

Ans. :-(3) State Bank of India

State Bank of India (SBI) has partnered with India’s First Real-Time Group Negotiation E-Platform, AddaCorner to launch ‘Online Home Carnival’, which will help in boosting the Real Estate market in Bangalore.

(Q.06) Tata capital limited has launched new service called, ‘Swift Insta Personal Loans’ on which platform?
1) Twitter
2) Instagram
3) Whatsapp
4) Facebook

Ans. :-(3) Whatsapp

Tata Capital Ltd (Tata Capital), the financial services arm of the Tata Group launched its new service called, ‘Swift Insta Personal Loans’ (SIPL) on WhatsApp. Through the new service, the existing customers can easily apply for loans and receive sanctions for personal loans (on a single platform) using TIA, a chatbot of Tata Capital on Whatsapp.

About Tata Capital Ltd:
HeadOffice- Mumbai, Maharashtra
MD & CEO– Rajiv Sabharwal 

(Q.07) Which insurance company was renamed as Care Health Insurance company recently?
1) Apollo Hospitals Enterprises Limited
2) Religare Health Insurance Company Limited
3) HealthCare Global Enterprises Limited
4) Aster DM Healthcare Limited

Ans. :-(2) Religare Health Insurance Company Limited

Religare Health Insurance Company, subsidiary health insurance of Religare Enterprises, has changed its name to ‘Care Health Insurance’ and became effective from August 19, 2020.

(Q.08) Name the ministry which has signed MoU with Travel Agents Association of India (TAAI) and FICCI Ladies Organisation (FLO) for women empowerment.
1) Ministry of Tourism
2) Ministry of Skill Development and Entrepreneurship
3) Ministry of Social Justice and Empowerment
4) Ministry of Health and Family Welfare

Ans. :- (1) Ministry of Tourism

Travel Agents Association of India (TAAI) and Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation (FLO) inked a formal Memorandum of Understanding (MOU) with the Ministry of Tourism for women empowerment through video conference. The MoU was inked in the presence of Minister of State (MoS) for Tourism (Independent Charge-IC), Prahlad Singh Patel.

(Q.09) Name the person who has been appointed as the Managing Director of State Bank of India.
1) PK Gupta
2) BP Sharma
3) Dinesh Khara
4) Ashwani Bhatia

Ans. :-(4) Ashwani Bhatia

The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi appointed Ashwani Bhatia, Deputy Managing Director (DMD), State Bank of India (SBI) as the Managing Director (MD) of SBI, effective from his date of assumption upto the date of his superannuation (May 31, 2022) or until further orders, whichever is earlier. He succeeds PK Gupta, who superannuated on March 31, 2020.

About SBI:
Headquarters– Mumbai, Maharashtra
Chairman– Rajnish Kumar
Tagline– The banker to every Indian; With you all the way; A bank of the common man; Pure banking, nothing else; The nation banks on us.

(Q.10) Who has been appointed as the new Election Commissioner of India with effect from August 31, 2020?
1) Rajiv Kumar
2) Ajit Doval
3) Amitabh Kant
4) VK Paul

Ans. :-(1) Rajiv Kumar

Retired IAS officer and Former Finance Secretary Rajiv Kumar was appointed as the Election Commissioner with effect from August 31, 2020. He succeeds Ashok Lavasa who resigned the position to join as Vice-President of Asia Development Bank. He will be working alongside other Election Commissioner Sushil Chandra.

About Election Commission of India:
Chief Election Commissioner – Sunil Arora.
Headquarters – New Delhi.

(Q.11) Who among the following was not conferred with Rajiv Gandhi Khel ratna award in national sports awards 2020?
1) Rohit Sharma
2) Manika Batra
3) Shashi Malik
4) Mariyappan Thangavelu

Ans. :-(3) Shashi Malik

National Sports Awards 2020 were announced by the Ministry of Youth Affairs and Sports. The awards were recommended by the Selection Committee headed by Justice (Retd.) Mukundakam Sharma (former Judge of Supreme Court of India) and after due scrutiny, the Government has decided to confer awards upon the deserving sportspersons, coaches and entities under various categories. For the first time in the history of National Sports awards that 5 sportsperson named for Rajiv Gandhi Khel Ratna award and 27 athletes for Arjuna Award. Rajiv Gandhi Khel Ratna Award: 
Number of Awardees: 5

Name of the Sportsperson	Discipline
Rohit Sharma	Cricket
Mariyappan Thangavelu	Para Athletics
Manika Batra	Table Tennis
Vinesh Phogat	Wrestling
Rani Rampal	Hockey

(Q.12) Who is going to receive 2020 leadership award from US-India Strategic Partnership Forum (USISPF)?
1) Anand Mahindra
2) Shantanu Narayen
3) Satya Nadella
4) Both 1) and 2)

Ans. :-(4) Both 1) and 2)

US-India Strategic Partnership Forum (USISPF) announced that Mahindra Group Chairman, Anand Mahindra and Adobe Chairman & Chief Executive Officer (CEO), Shantanu Narayen will receive the 2020 Leadership Awards for their exemplary vision and effort towards the promotion of US-India Bilateral Ties.

(Q.13) The 6th round table of ASEAN-India Network of Think Tanks (AINTT) was organized recently. Which country hold chairmanship of ASEAN 2020?
1) Indonesia
2) Vietnam
3) Malaysia
4) Laos

Ans. :-(2) Vietnam

Ministry of External Affairs (MEA) in partnership with the Ministry of Foreign Affairs of Thailand organized the two-day long 6th Round Table of ASEAN-India Network of Think Tanks (AINTT) through video conference on the theme “ASEAN-India: Strengthening Partnership in the Post COVID Era”. ASEAN is an acronym for Association of Southeast Asian Nations. ASEAN 2020 Chairmanship– Vietnam.

About Association of Southeast Asian Nations (ASEAN):
2020 Chairmanship– Vietnam
Chairman– Nguyen Xuan Phuc
Secretariat – Jakarta, Indonesia
Membership– 10 States ― Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. 1 Observer – Papua New Guinea.

(Q.14) Which Insurance company has signed agreement with Bharati AXA insurance company to merge insurance businesses?
1) ICICI Lombard General Insurance Company
2) Reliance General Insurance Company
3) Bajaj Allianz General Insurance Company
4) TATA AIG General Insurance Company

Ans. :-(1) ICICI Lombard General Insurance Company

ICICI Lombard General Insurance Co. Ltd. (ICICI Lombard) and Bharti AXA General Insurance Co. Ltd. (Bharti AXA) have signed definitive agreements to merge their insurance business. The merger will happen through a scheme of arrangement. The proposed merged non-life insurance company (combined entity) will have a market share of 8.7% on a pro-forma basis. The deal values Bharti AXA at around Rs 2,700 crore.

About Bharti AXA General Insurance Co. Ltd.
Headquarters– Mumbai, Maharashtra 
Managing Director(MD) and Chief Executive Officer(CEO)– Sanjeev Srinivasan
About ICICI Lombard General Insurance Co. Ltd.
HeadQuarter– Mumbai, Maharashtra
MD & CEO– Bhargav Dasgupta

(Q.15) Union Minister for Consumer Affairs, Food & Public Distribution Ram Vilas Paswan launched online registration and renewal of gold hallmarking centres recently. The hallmarking of gold will be mandatory from _______.
1) January 1, 2021
2) March 31, 2022
3) June 1, 2021
4) August 31, 2021

Ans. :-(3) June 1, 2021

Union Minister for Consumer Affairs, Food & Public Distribution Ram Vilas Paswan virtually launched an online system for registration and renewal of license of gold assaying and hallmarking (A&H) centres. The online system can be accessed through the Bureau of Indian Standards (BIS) web portal – www.manakonline.in. The hallmarking of gold which is voluntary at present, will be made mandatory from 1st June, 2021.

About Ministry for Consumer Affairs,Food & Public Distribution:
Union Minister – Ram Vilas Paswan.
Minister of State (MoS) – Raosaheb Patil Danve.