Daily GK & Current Affairs Quiz – 26th May 2020

Correct Answer: D. Rs 15,000 crore

Explanation: To enable EXIM bank to meet its foreign currency resource requirements, RBI has decided to extend a line of credit of Rs 15,000 crore to the EXIM Bank for a period of 90 days.

Correct Answer – C. Ministry of Health and Family Welfare

Explanation: The Ministry of Health and Family Welfare (MoHFW) has constituted a committee to reform the Drug Regulatory System. The committee comprises of 11 members including the senior health officials, scientists and representatives of the pharmaceutical industry. The committee is being headed by Rajesh Bhushan, Officer on Special Duty to the Union health minister.

Union Minister of Health and Family Welfare: Harsh Vardhan.

Correct Answer – B. India

Explanation: India has become the world’s second largest manufacturer of personal protective equipment (PPE) body coveralls within a short time span of two months.  China is the world’s leading producer of PPE body coveralls, crucial to safeguard against the COVID-19 pandemic.

Correct Answer – A. United States

Explanation:  The United States recently announced that the country will withdraw from the major global treaty named Open Skies treaty. The 35-nation treaty allows unarmed surveillance flights over the territories of member countries. US administration also highlighted that Russia has repeatedly violated the terms of the pact. It is expected that the US will pull out formally in six months, based on the withdrawal terms of the treaty. NATO allies and other countries have asked the US to remain in the treaty.

Correct Answer – B. National Health Authority

Explanation: Union Minister of Health and Family Welfare, Harsh Vardhan to mark 1 crore treatmentsof the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana(AB-PMJAY), the flagship health assurance scheme of government since September 2018 has inaugurated the 1st edition of Arogya Dhara, a series of webinars titled “Ayushman Bharat: 1 crore treatments and beyond” which is created as an open platform for discussion on topical issues of public health and launched ‘Ask Ayushman’ a chatbot on WhatsApp & “Hospital Ranking Dashboard”.The National Health Authority(NHA) is responsible for implementing the scheme.

Correct Answer – C. 2023

Explanation: The union cabinet has approved the extension of senior citizens pension scheme named ‘Pradhan Mantri Vaya Vandana Yojana’ (PMVVY) for further 3 years till March 31, 2023 from March 31, 2020. The assured rate of return for fiscal 2020-21 has been pegged at 4% per annum. Earlier, the scheme offered an assured return of 8%. The expected financial liability will range from an estimated expenditure of Rs 829 crore in the 2023-24 fiscal to Rs 264 crore in last FY 2032-33.

Correct Answer – B. 30,000

Explanation: A Special Liquidity Scheme for NBFCs and HFCs was announced in AtmaNirbhar Bharat Package by the Ministry of Finance has received a Union Cabinet post facto approval. The outlay of the scheme is Rs 30,000 crore and will be administered by the Department of Financial Services, Ministry of Finance.

Correct Answer – D. 17%

Explanation: According to the RBI Governor Shaktikanta Das, there has been a 17 % decrease in industrial production in March 2020 with the output of 8 core industries (coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity) has decreased by 6.5 % and manufacturing has fallen by 21 %.

Correct Answer – C. 160 billion

Explanation:  The World Bank announced emergency operations worth USD (United States Dollar) 160 billion to 100 developing countries over a 15-month period to fight the deadly Coronavirus. The coronavirus pandemic and shutdown is expected to put over 60 million into extreme poverty globally.

Correct Answer – A. Bharati Airtel

Explanation: Bharti Airtel acquired a10% strategic stake in Voicezen, a Gurugram based startup in early stage focused on conversational AI technologies under the fast expanding Airtel Start-up Accelerator Program as a part of its strategy to deliver highly differentiated service experience.

Correct Answer: D. Facebook

Explanation: Facebook has acquired New York based GIF database GIPHY for $400 million to integrate its GIF library into Instagram and other Facebook apps, Vishal Shah, Instagram’s VP of product.

Correct Answer – A. Japan

Explanation: Japan has launched a new space defense unity to monitor and counter threats to the country’s satellites. The main role of the unit is to monitor and protect Japanese satellites from enemy attacks or space debris and also to conduct satellite-based navigation and communications for other troops in the field.The capital and currency of Japan is Tokyo and Japanese yen respectively.

Correct Answer – B. Jahnabi Phookan

Explanation: FICCI Ladies Organization (FLO) has appointed Assam-based entrepreneur Jahnabi Phookan as its National President. She has taken over from the outgoing National President Harjinder Kaur Talwar as the 37th National President of FLO, the women wing of the leading industry chamber of the country. FICCI FLO works towards women’s economic empowerment and represents over 8,000 women entrepreneurs and professionals across 17 chapters nationally. It also works towards promoting equal opportunities for women.

Correct Answer – C. Andhra Pradesh

Explanation:  Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has released the 1st tranche of “ReStart Package“. The “ReStart Package” aims to help the lockdown-hit Micro, Small and Medium Enterprises (MSMEs) to reopen and become functional. The first tranche is of Rs 450 crore which will be used in clearing the pending industrial incentives that would benefit nearly 98,000 units. While the second tranche of Rs 454 crore will be cleared on 29 June 2020. Under the “ReStart Package”, government will waive of all the minimum power demand charges of MSMEs of the months of April, May and June. This cost has been estimated as a amount of Rs 188 crore. Along with waive off, the AP government will also provide input capital of Rs 200 crore to the firms at low-interest rates in order to bring the MSMEs back on rails. This will be done by providing loans in partnership with the Small industrial Development Bank of India at a low-interest rate.

Correct Answer – C. Ashley Cooper

Explanation: Former No. 1-ranked player and Australian tennis star Ashley Cooper passed away. He was among a group of players including Lew Hoad, Frank Sedgman and Ken Rosewall who ruled the world in tennis during the period of 1950s to 1970s. His career concluded in 1959 after suffering from a back injury. Ashley Cooper won four Grand Slam singles titles including the Australian, Wimbledon and U.S. championships in 1958. He was also the administrator of the game for a long period.