Current Affairs Quiz Questions and Answers 2020 || 30 Aug 2020 ||

Current Affairs Quiz Questions and Answers 2020

30 AUG 2020

(Q.01) Find the organization which organized the virtual Indo-Japan business forum (August 2020).
1) Indian Chamber of Commerce (ICC)
2) Confederation of Indian Industry (CII)
3) Federation of Indian Chambers of Commerce & Industry (FICCI)
4) Associated Chambers of Commerce and Industry of India (ASSOCHAM)

Ans. :-(1) Indian Chamber of Commerce (ICC)

Karnataka Chief Minister B. S. Yediyurappa addressed a virtual Indo-Japan business forum organised by the Indian Chamber of Commerce (ICC). The Chief Minister also signed a Japan-India Start-up Initiative to promote start-ups in the State.The Government of Karnataka has set up a 519 acres Japanese Industrial Township at Vasanthanarasapura near Tumakuru to enable more Japanese investments in the state. Odisha’s Industries Minister D S Mishra participated in the event.He announced that the state had attracted investors from Japan, the state government offered 3.53 square kilometer industry ready land near Bhubaneswar.

About Karnataka:
Governor – Vajubhai Rudabhai Vala 
Nuclear Power Plant – Kaiga Generating Station, Uttara Kannada District.

(Q.02) Which continent was declared wild polio free by World Health organization in August 2020?
1) South America
2) Africa
3) Asia
4) Australia

Ans. :-(2) Africa

The African Continent was declared free of wild polio by the independent body, the Africa Regional Certification Commission(ARCC), which is responsible for certifying the eradication of wild poliovirus in the World Health Organization (WHO) African Region.The Poliovirus is now found only in Afghanistan and Pakistan.

(Q.03) Which bank has launched one stop business solution named,‘Omni collect’ in India?
1) Deutsche Bank
2) Citi Bank
3) Barclays Bank
4) HSBC India

Ans. :-(4) HSBC India

HSBC India has launched Omni Collect, a one-stop solution in India. It supports businesses to offer multiple payment options on a single platform. It is designed for businesses to easily collect payments through various digital methods, thereby allowing them to easily adapt to the changes in consumer spending.Advanced Travel Partners International (ATPI) is the 1st client of HSBC India to go live with this solution and has started to receive payments through the online payment gateway.

About HSBC India:
HeadQuarters– Mumbai, Maharashtra
CEO– Surendra Rosha

(Q.04) Find the bank which has introduced ‘Liberty Savings Account’ for the Indian youth.
1) IDBI Bank
2) HDFC Bank
3) ICICI Bank
4) Axis Bank

Ans. :-(4) Axis Bank

Axis Bank, India’s third-largest private sector bank, has introduced ‘Liberty Savings Account’ for the Indian Youth, to address the ever changing lifestyle needs of young and digitally interested Indians. It offers a complimentary hospital cash insurance cover of uptoRs 20,000 per year, which covers hospital expenses incurred under COVID -19, which makes this a 1st of its kind savings account to cover the pandemic.

Key Features of the Liberty Savings Account
Minimum Balance– It allows customers to maintain a minimum balance of Rs 25,000 per month or spend the same amount each month on lifestyle needs through  the Liberty debit card or savings account (via NetBanking, Axis Mobile or UPI- Unified Payments Interface).
Annual Savings & Lounge Benefit– It offers an annual savings amounting to Rs 15,000. It also offers 4 complimentary airport lounge access in 1 year
CashBack & Gift Vouchers-It offers Cashback like, 5% cashback on Debit card spends across Food, Entertainment, Shopping & Travel and gift Vouchers

About Axis Bank:
Headquarters– Mumbai, Maharashtra
MD and CEO– Amitabh Chaudhry
Tagline– Badhti Ka naam Zindagi.

(Q.05) How many percentage was the increase in number of bank fraud cases (1 lakh or above) in FY20?
1) 28%
2) 17%
3) 31%
4) 23%

Ans. :-(1) 28%

As per the RBI annual report FY19-20, bank frauds of Rs1,00,000 and above have more than doubled in value to Rs 1.85 trillion in FY20, with the number of such cases increasing 28% in the same period.

(Q.06) What is the projected growth rate of India for 2020-21 as per Reserve Bank of India’s annual report 2019-20?
1) -4.5%
2) -5.2%
3) -0.7%
4) -3.5%

Ans. :-(1) -4.5%

Reserve Bank of India (RBI) released its Annual Report for 2019-20. It is Report of the Central Board of Directors on the working of the Reserve Bank of India (RBI) for the year ended June 30, 2020 submitted to the Central Government in terms of Section 53(2) of the Reserve Bank of India Act, 1934 In the report, RBI projected that India’s growth at minus (-) 4.5% for 2020-21. It will be (-) 3.7% in the single hit scenario and (-) 7.3% in the double hit scenario in FY2020-21. On the global front, the growth is projected at (-) 6.0% in the single hit scenario and (-) 7.6% in the double hit scenario in FY20-21.

(Q.07) Greenko Energies signed MoU with which public sector company to explore renewable energy power supply solution and energy storage?
1) Damodar Valley Corporation
2) NTPC VidyutVyapar Nigam
3) Bokaro Kodarma Maithon Transmission Company
4) Akaltara Power

Ans. :-(2) NTPC VidyutVyapar Nigam

Greenko Energies Private Limited, Hyderabad based energy solution provider entered into a Memorandum of Understanding(MoU) with NTPC VidyutVyapar Nigam(NVVN), a wholly-owned subsidiary of NTPC limited to explore renewable energy power supply solution and energy storage.

About Greenko Energies:
Founder, CEO & MD– Anil Kumar Chalamalasetty
Founder, President & Joint MD– Mahesh Kolli
Headquarters– Hyderabad, Telangana
About NTPC Vidyut Vyapar Nigam(NVVN):
CEO– Mohit Bhargava
Headquarters– New Delhi
NTPC is working on expanding green energy and exploring the opportunity to acquire 1000 megaWatt(MW) of operation solar power projects, as a part of its aim to achieve a 32 GW clean energy portfolio by 2032.

(Q.08) ‘Cricket Drona’, a book on renowned coach Vasudev Jagannath Paranjpe was written by whom?
1) JatinParanjpe
2) Anand Vasu
3) Both 1) and 2)
4) None of The Above

Ans. :- (3) Both 1) and 2)

‘Cricket Drona’ a book on one of India’s most renowned cricket coaches, VasudevJagannathParanjpe will be released on September 2, 2020. The Book is written by Vasudev Paranjpe’s son and current national selector Jatin Paranjpe along with Cricket Journalist Anand Vasu and published by Penguin.

(Q.09) Who has become 1st fast bowler to take 600 wickets in international test cricket?
1) Stuart Broad
2) Glenn McGrath
3) Dale Steyn
4) James Anderson

Ans. :-(4) James Anderson

England pacer James Anderson,38-year-old,has become the first fast bowler in history to take 600 Test wickets in the third Test against Pakistan at the Ageas Bowl in Southampton,England, who is only the fourth bowler in the test cricket to join the 600-Plus Club with the three legendary spinners Sri Lankan MuttiahMuralitharan(800), Australian Shane Warne(708) and Indian Anil Kumble(619).

(Q.10) Which organization has decided to dissolve the Banking Codes and Standards Board of India (BCSBI)?
1) Forward Market Commission of India
2) Securities and Exchange Board of India
3) Insurance Regulatory and Development Authority of India
4) Reserve Bank of India

Ans. :-(4) Reserve Bank of India

The Reserve Bank of India (RBI) has decided to dissolve the Banking Codes and Standards Board of India (BCSBI) which was set up in February 2006 as an independent and autonomous body for formulating codes of conduct to be adopted by banks voluntarily for ensuring fair treatment of customers. BCSBI, in collaboration with the Indian Banks’ Association (IBA), has evolved two codes – Code of Bank’s Commitment to Customers and the Code of Bank’s Commitment to Micro and Small Enterprises. The nodal department for BCSBI is CEPD (Consumer Education and Protection Department).

(Q.11) The world water week 2020 (World Water Week at Home) was observed between August 24-28 with the theme ___________.
1) ‘Water, Ecosystems and Human Development’
2) ‘Water and waste: reduce and reuse’
3) ‘Water and Climate change: Accelerating Action’
4) ‘Water for society – including all’

Ans. :-(3) ‘Water and Climate change: Accelerating Action’

The World Water Week of the year 2020 is observed as the World Water Week at Home (WWWeek at Home) from 24rd August 2020 to 28th August 2020.The World Water Week, organized by Stockholm International Water Institute (SIWI) has been annually celebrated as the most influential, innovative and dynamic movement for transforming the global water issues. The World Water Week has been celebrated and organized since 1991. The World Water Week of the year 2019 was observed from 25th August 2019 to 30th August 2019. The theme of WWWeek at Home 2020 is ‘Water and Climate change: Accelerating Action’.

About SIWI:
Executive Director– Torgny Holmgren
Headquarters– Stockholm, Sweden

(Q.12) Find the company which has developed ‘Vendor Performance Evaluation System’ to establish a transparent and comprehensive performance rating system.
1) Bharat Petroleum Corporation Limited
2) National Highways Authority of India
3) Hindustan Petroleum Corporation Limited
4) None of the Above

Ans. :-(2) National Highways Authority of India

The National Highways Authority of India (NHAI) has developed the ‘Vendor Performance Evaluation System’ to establish a transparent and comprehensive performance rating system for its consultants, contractors and concessionaires. The portal-based objective assessment of vendors was initiated to track the vendor performance for various NHAI projects.

About NHAI:
HeadQuarters– New Delhi, India
Chairman– Sukhbir Singh Sandhu, Indian Administrative Service (IAS)

(Q.13) The women from which state has ranked topped in the list of loan beneficiaries under Pradhan Mantri Mudra Yojana (PMMY) as on March 31, 2020?
1) Tamil Nadu
2) Maharashtra
3) Karnataka
4) Uttar Pradesh

Ans. :-(1) Tamil Nadu

In accordance with the data provided by the Ministry of Finance to the Rajya Sabha, as of March 31, 2020, women in Tamil Nadu topped the list of loan benefits under Pradhan Mantri Mudra Yojana (PMMY) by availing Rs 58,227 crore loan. They are followed by women in West Bengal (Rs 55,232 crore), Karnataka (Rs 47,714 crore), Bihar (Rs 44,879 crore) and Maharashtra (Rs 42,000 crore).

(Q.14) Name the state which ranked top in overall ranking in Export Preparedness Index (EPI) 2020 released by NITI Aayog in partnership with Institute of competitiveness.
1) Gujarat
2) Odisha
3) Maharashtra
4) Tamil Nadu

Ans. :-(1) Gujarat

NITI Aayog in partnership with Institute of Competitiveness released the Export Preparedness Index (EPI) 2020, this is the first report to examine export preparedness and performance of the states of India. Gujarat was identified as the top performing state in the category of Coastal state and also topped the Overall rankings.Top 5 in Overall rankings:

Rank	State	Export Preparedness	State Category
1	Gujarat	75.19	Coastal
2	Maharashtra	75.14	Coastal
3	Tamil Nadu	64.93	Coastal
4	Rajasthan	62.59	Landlocked
5	Odisha	58.23	Coastal

(Q.15) Which state government has signed MoU with M3M Foundation to enable students to get into government jobs?
1) Maharashtra
2) Haryana
3) West Bengal
4) Madhya Pradesh

Ans. :-(2) Haryana

Haryana employment department signed a Memorandum of Understanding (MoU) with M3M Foundation, the philanthropic arm of M3M Group to facilitate students’ online preparation, training and mentoring for entrance examinations of government jobs. The MoU was signed by Seema Kaushik, Director, Department of Employment, Government of Haryana and Dr. PayalKanodia, Trustee, M3M Foundation at Haryana Niwas in Chandigarh in the presence of DushyantChautala, Haryana deputy chief minister. The MoU is in line with the vision of the Haryana government to link 1 lakh candidates to government jobs within and outside the state in the next 2 years. The MoU is valid for 18 months.

About Haryana
National Park– Kalesar National Park, Sultanpur National Park
Capital– Chandigarh
About M3M Foundation:
HeadQuarters– Gurugram, Haryana
Founder– LAL Chand Bansal