Daily GK & Current Affairs Quiz – 5th and 6th July 2020

Correct Answer: E. None of these

Explanation: SAP India Private Limited, a subsidiary of Germany based enterprise technology firm, in partnership with NASSCOM Foundation, United Nations Development Programme (UNDP) and Pratham InfoTech Foundation, has rolled out Global Bharat program to equip micro, small and medium enterprises (MSMEs) by providing them access to global marketplace, digital skilling for the workforce and transforming business processes.

Correct Answer – C. State Bank of India

Explanation: State Bank of India is working on setting up an e-commerce portal for marketing of products manufactured by micro, small and medium enterprises (MSMEs) in the country, its chairman Rajnish Kumar said on Saturday. The portal called Bharat Craft would be jointly run by the bank and the government.

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Correct Answer – B. Sanjay Dwivedi

Explanation: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Professor Sanjay Dwivedi as the Director General of the Indian Institute of Mass Communication (IIMC). He is presently serving as the Registrar of Makhanlal Chaturvedi National University of Journalism and Communication, Bhopal.

K.S. Dhatwalia, Principal Director General in the Press Information Bureau, is presently holding the additional charge of the post of Director General of the Indian Institute of Mass Communication (IIMC). IIMC established in 1965, is an autonomous institute under the Ministry of Information and Broadcasting.

Correct Answer – C. Rs 1,894.50 crores

Explanation:  United States-based Intel Corporation’s investment arm Intel Capital will invest Rs 1,894.50 crores in Reliance Industries Limited’s (RIL’s) subsidiary company Jio Platform. The announcement was made by Reliance Industries Limited on 3rd July 2020. With this investment, equity value in Jio Platforms rose to Rs 4.91 lakh crore, while Rs 5.16 lakh crore its enterprise value. Rs 1894.50 of investment will translate to 0.39 percent of an equity stake for Intel Capital in Jio Platforms.

In a matter of 11 weeks since 22nd April 2020, this was the 12th foreign investment in Jio Platforms. The 12 investments make a total of Rs 1,17,588.45 crores that have been raised in Jio Platforms. This investment also takes the total stake in Jio Platforms of foreign investors to 25.09 percent.

Correct Answer – D. Nagaland

Explanation: The District Administration of Mon, Nagaland received 2020 SKOCH awards under three categories in the 65th SKOCH summit from Sameer Kochar, Chairman of SKOCH group. SKOCH Crucible award for the district’s initiatives on skill development, financial inclusion and COVID-19 response. The SKOCH Crucible Award for its focus on mission mode implementation of opening bank accounts through the Indian post Payment Bank (IBBP). SKOCH Order of Merit for its quick and innovative response to contain and prevent the spread of COVID-19 and its initiative to home deliver the essentials to assist the citizens.

Correct Answer – C. ICICI Bank

Explanation: ICICI Bank launched ‘Insta Loans against Mutual Funds’, a facility in partnership with Computer Age Management Services(CAMS). The facility is an extension of the Insta Loan Against Shares(LAS). The facility enables the retail customers to avail loans upto Rs 1 crore instantly by pledging their holdings in both debt and equity Mutual Funds(MFs). It is a full digital and paperless facility. It empowers customers to get this loan as an overdraft (OD) within a few minutes without having to visit a branch and submit physical documents.

Correct Answer – C. Ranbir Singh

Explanation: The Union Ministry of Home Affairs (MHA) has constituted a 5 member committee Chaired by Prof (Dr) Ranbir Singh, Vice Chancellor of the National Law University, Delhi, to made reforms in the criminal Justice System Of India. Central Committee for reforms in Criminal Law, constituted by Ministry of Home Affairs (MHA), is going to start a 3 months long online consultation exercise.

The objective of this excercise is to gather opinions by consulting with experts and collating material for their report to the government. In this regard, the committee has invited experts in the field of criminal law to participate in the exercise through an online consultation mechanism. Questionnaires have been posted online on the possible reforms in the Indian Penal Code, Code of Criminal Procedure and Indian Evidence Act.

Correct Answer – C. V Pattabhi Ram

Explanation: Vice President of India, M Venkaiah Naidu has virtually released a book titled “Future of Higher Education – Nine Mega Trends“. The book is authored by CA V Pattabhi Ram. The Virtual event was hosted by ICT Academy. The book covers the new norms in the key areas of higher education such as Student-Teacher relationship, Learning methods, Laboratories & Examinations among others which has taken a paradigm shift during this COVID pandemic. The book is based on a survey of about 5000 educators across India who were part of ICT Academy’s “SkyCampus” Digital Knowledge Series.

Correct Answer – C. 1st Saturday of July

Explanation:  The United Nations celebrates the International Day of Cooperatives every year on the first Saturday of July to increase awareness of cooperatives. In the year 2020, the International Day of Cooperatives will be celebrated on 4th July with a focus on the contribution of cooperatives to combating climate change. UN has also appealed to spread the word: “#Coops4ClimateAction” to celebrate the International Day of Cooperatives 2020.

Correct Answer – A. Karnam Sekar

Explanation: The Managing Director (MD) and Chief Executive Officer(CEO) of Indian Overseas Bank (IOB), Karnam Sekar has retired on 30th June 2020. He joined the State Bank of India(SBI) as the Probationary officer in December 1983. Sekar joined IOB as an officer on special duty and a Director on 1st April 2019 after the merger of Dena Bank and Vijaya Bank into Bank of Baroda.  He was promoted as the MD and CEO succeeding Subramaniam Kumar on 1st July 2019.

• IOB Headquarters: Chennai, Tamil Nadu.
• IOB Founded: 10 February 19

Correct Answer – B. 2.1%

Explanation: In accordance with the report “Annual Marine Fish Landings in India for 2019” by Central Marine Fisheries Research Institute (CMFRI), India’s marine fish production has increased marginally by 2.1% to 3.56 million tonnes (mt) in 2019 as compared to 3.49 mt in 2018. As per the report, Tamil Nadu grabbed the top in annual fish production with 7.75 lakh tonnes followed by Gujarat (7.49 lakh tonnes), which had been holding the first position earlier, and Kerala (5.44 lakh tonnes) which retained the third position.

Correct Answer – B. Ministry of Health and Family Welfare

Explanation: Union Minister of Health & Family Welfare, Dr.Harsh Vardhan with the Minister of State of Health, Ashwini Kumar Choubey, released the Good Clinical Practice Guidelines Handbook and Prospectus for Fellowship Programme for International Students (FPIS) of the National Board of Examinations (NBE) on a virtual platform.

Correct Answer – A. Telangana

Explanation:  The Governor of Telangana Dr.TamilisaiSounderarajan has promulgated an ordinance No.3 of 2020, amending the Telangana Fiscal Responsibility and Budget Management (FRBM) Act-2005 which will enable the State to increase the borrowing limit by 2% to 5% from earlier 3%. With the new Telangana FRBM (Amendment) Act 2020, state government’s additional borrowing limit can go up to Rs 20,000 crore now, without any hassles. With this amendment, the Telangana State government has accepted the recent decision of the Central government to expand the borrowing limit of the States under FRBM Act, 2003 from 3% to 5% allowing the States to borrow more as there is fall in state’s revenues due to COVID-19 induced lockdown.

Correct Answer: D. Science and Engineering Research Board

Explanation: The ‘Accelerate Vigyan’ (AV) scheme for research internships, was launched by the Union Government’s Science and Engineering Research Board (SERB). Objective: – To encourage high-end scientific research and prepare scientific manpower which leads to research careers and knowledge-based economy. The SERB has started to call applications for the process under ABHYAAS scheme for Winter.The new SAMMOHAN component under AV is which is divided into: ‘SAYONJIKA’ and ‘SANGOSHTI’.

Correct Answer: C. Imran Khwaja

Explanation: International Cricket Council (ICC) Chairman, Shashank Manohar has stepped down as the head of the cricket body after two-year tenures. ICC Board has decided that Deputy Chairman Imran Khawaja will take the charge until Manohar’s successor is elected. The process for the Chairperson election is likely to be approved by the ICC Board within the next week. As per the ICC rules, Manohar could have stayed for another two-year-term as a maximum of three terms is allowed. But, he decided not to continue ahead of the all-important ICC meeting. As per reports, England’s Colin Graves is the frontrunner to succeed Manohar but recently, former Cricket West Indies chief Dave Cameron has also joined the race recently.

• Chief Executive Officer of ICC: Manu Sahney.
• Headquarters of ICC: Dubai, United Arab Emirates.

Correct Answer: B. G. Srinivasan

Explanation: Insurance Regulatory and Development Authority of India (IRDAI), an autonomous, statutory body tasked with regulating and promoting the insurance in India, has set up a nine member working Group (WG) under G. Srinivasan, director, National Insurance Academy, to look at the possibility of the Indian insurance industry or any other sector to offer Surety Bonds in India.

Correct Answer: B. Bharti Airtel

Explanation: American multinational private equity company Carlyle Group has decided to acquire about 25% stake in India’s second largest telecom company Bharti Airtel’s data centre business arm–Nxtra Data Ltd– for $235 million (about ₹1,780 crore) through a company called Comfort Investments II, which is an affiliated entity of CAP V Mauritius Ltd., an investment fund managed and advised by affiliated firms of the Carlyle. At the same time, Airtel will continue to hold the remaining 75 % stake.

Correct Answer: B. Cricket

Explanation: West Indies former cricketer, Everton Weekes passed away. He was born in Pickwick Gap, Barbados on February 26, 1925. Everton Weekes made his first-class debut at 19-year-old and his Test debut in 1948 at 22. His test career spanned between 1948 to 1958, where he played 48 Tests & scored 4455 runs at an average of 58.62. He retired in 1958, after which he had served as a coach, administrator, and ICC match referee.

Weekes was honoured with Knight of the Order of St Michael and St George (KCMG) for his services to cricket in 1995 & was inducted into the ICC Hall of Fame in 2009. He is the last member of the legendary Three Ws, the legendary trio of cricketing knights. Clyde Walcott and Frank Worrell were the other members of 3Ws. He was the 3rd oldest surviving men’s Test cricketer, after South African John Watkins and England’s Don Smith.

Correct Answer: B. Saroj Khan

Explanation: Veteran Bollywood choreographer, Saroj Khan passed away. She was popularly known as Saroj Khan but her real name is Nirmala Nagpal. She joined the Indian film industry as a child artiste, playing the younger Shyama in Nazarana. She eventually became a background dancer in 1950s films like Bimal Roy’s “Madhumati” under the guidance of dance director B. Sohanlal.

In a career spanning four decades, Khan choreographed nearly 2000 songs. The legendary artiste was a recipient of three National Awards for films Devdas, Jab We Met and Sringaram (Tamil). She won Filmfare Awards for movies like Hum Dil De Chuke Sanam, Guru, Khalnayak and Chaalbaaz.