Daily GK & Current Affairs Quiz – 28th May 2020

Correct Answer: C. Atul Sahai

Explanation: Insurance Regulatory and Development Authority of India (IRDAI) formulated nine-member expert panel headed by New India Assurance (NIA) Chairman & Managing Director (CMD) Atul Sahai has recommended an increase in indemnity (protection against finances) being provided to the policyholders under Trade Credit Insurance (TCI) from existing 85% of the trade receivables from each buyer to 90%.

Correct Answer – A. RITES

Explanation: Infrastructure consultancy and engineering company RITES (Rail India Technical and Economic Service) has signed an agreement for acquiring 24% stake in Indian Railway Stations Development Corporation (IRSDC) for Rs 48 crore. IRSDC, a joint venture of Rail Land Development Authority (RLDA) and IRCON International is tasked with redeveloping railway stations across the country.

Correct Answer – D. Rajesh Bhushan

Explanation: The centre has constituted a 11-member high-level committee to “simplify and expedite” the drug approval process in India. The committee chaired by Rajesh Bhushan, Officer on Special Duty, Ministry of Health was set up by the Ministry of Health and Family Welfare(MoHFW) on May 11 as a measure to reform the drug regulatory system in India.

Correct Answer – C. Football

Explanation:  Spanish footballer, athletic Bilbao striker Artiz Aduriz announced his retirement at the age of 39 after finding out that he requires prosthetic hip replacement surgery.

Correct Answer – A. Jamie Hampton

Explanation: American tennis player Jamie Hampton has proclaimed that she is taking retirement from the professional tennis. She won five International Tennis Federation titles during her professional tennis career.

Correct Answer – B. A K Sikri

Explanation: Former Supreme Court Justice A K Sikri, International Judge, Singapore International Commercial Court inaugurates Indian Dispute Resolution Centre(IDRC), first of its kind Institutional Alternative Dispute Resolution(ADR) Centre to provide Offline and e-ADR facility through e-Arbitration, e-Mediation and e-Conciliation software portal.

Correct Answer – B. Uttarakhand

Explanation: Uttarakhand became the 1st state to release a report highlighting its conservation efforts to save over 1,100 rare plants from extinction. The project aims at Germplasm conservation so that species remain conserved with the forest department & also to promote conservation of plant species among the general public so as to end plant blindness. The report is one of the largest repositories of conserved plants & is carried out by the research wing of the state forest department.

Correct Answer – C. Mizoram

Explanation: Mizoram sports minister Robert RomawiaRoyte informed that the state cabinet has cleared the proposal of the Sports and Youth Service department to grant sports an industry status to boost the sports sector & generate employment among others. It becomes the 1st state to do so.

Correct Answer – C. -6% to 1%

Explanation:  The first meeting of the 15th Finance Commission’s (XVFC) committee on Fiscal Consolidation Roadmap was held through video conferencing (VC). The committee headed by Nand Kishore (NK) Singh has recommended the judgement of Reserve Bank of India (RBI) on monetisation of fiscal deficit. The committee supported the Centre’s decision of allowing states to borrow up to 5% of gross state domestic product (GSDP) The Committee also estimated India’s GDP growth to -6% to 1% in the financial year 2020-21. The nominal GDP will accelerate to 4-5% in FY2021-22.

Correct Answer – B. Rajiv Joshi

Explanation: Prolific Indian-American inventor Rajiv Joshi has bagged the prestigious Inventor of the Year award. He was awarded in recognition of his pioneering work in advancing the electronic industry and improving artificial intelligence capabilities. Dr Joshi, who is a master inventor with more than 250 patented inventions in the US, works at the IBM Thomson Watson Research Center in New York. He was presented with the prestigious annual award by the New York Intellectual Property Law Association during a virtual awards ceremony.

Correct Answer: D. Uttar Pradesh

Explanation: The state government of Uttar Pradesh (UP), which is continuously bringing back the migrant workers from other states, has now taken a big decision for them. It has decided to set up a ‘Migration Commission’ to provide employment and social security to over 23 lakh migrant workers in the state.

Correct Answer – B. Thomas Bach

Explanation: The World Health Organization (WHO) and the International Olympic Committee (IOC) have teamed up to fight the battle against Covid-19 and have signed an agreement to work together to promote health through sport and physical activity.IOC: Headquarters– Lausanne, Switzerland. President– Thomas Bach.

Correct Answer – A. Madhya Pradesh

Explanation: Madhya Pradesh(MP) Chief Minister(CM) Shivraj Singh Chouhan will inaugurate the ‘Everybody will get employment’(SabkoMilega Rozgar) scheme through video conferencing. Under this scheme, Mahatma Gandhi National Rural Employment Guarantee Act, 2005(MNREGA) job cards will be distributed to the laborers.

Correct Answer – A. Hana Kimura

Explanation:  Japanese professional wrestler, Hana Kimura passed away. She won her first title at the Japan Pro-Wrestling (JWP) Junior plate in 2016.

Correct Answer – C. UAS

Explanation: American tennis player Jamie Hampton has proclaimed that she is taking retirement from the professional tennis. Former World Top 25 player played her last official match 6 yrs ago when she was ranked 24th in the world. The right hander player then suffered numerous injuries and was unable to play against Venus Williams in the semi finals of ASB Classic in Auckland in 2014. Jamie Hampton has also reached one WTA doubles final alongside Anna Tatishvili where they finished as runners-up. She won five International Tennis Federation titles during her professional tennis career.