Daily GK and Current Affairs Quiz – 5th November 2020

Correct Answer: B. ICICI Lombard General Insurance

Explanation: ICICI Lombard in partnership with Freepaycard, an online pre-paid card trading platform, has launched Group Safeguard Insurance. This strategic partnership will make the bite-sized health insurance solutions, designed specifically for Freepaycardmembers, available at its multi-category partner retail outlets. The plan will be offered to the members of Freepaycard, allowing them to receive an assured amount in case of any injury or hospitalization for treatment.

Correct Answer – C. Gurdeep Singh

Explanation: Indian Administrative Services (IAS) officer, Rajiv Jalota has been appointed as the chairman of Mumbai Port Trust (MbPT). The appointment committee of the Union cabinet issued the order for the central deputation. The post of MbPT chairman was vacant after former chairman Sanjay Bhatia retired on July 31 and was appointed as Lokayukta of Maharashtra. Jalota, who is the first Goods and Services Tax (GST) commissioner of Maharashtra, is currently the additional chief secretary in the higher and technical education department of the state government. He first served as sales tax commissioner and then as GST commissioner from January 2015 to January 2020.

Correct Answer – C. 1,5,155 crore

Explanation: Finance Ministry has said that Rs 1,5,155 crore of gross GST revenue has been collected in October 2020. Out of the gross GST revenue collected CGST is 19,193 crore rupees, SGST is 25,411 crore rupees, IGST is 52,540 crore rupees. The revenues for the month are 10 percent higher than the GST revenues earned in October in 2019.

Correct Answer – A. 1st November

Explanation:  ‘Andhra Pradesh Formation Day’ was celebrated on 1 November 2020. A programme was held in Raj Bhavan for the same. Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy paid floral tributes at the statue of freedom fighter, Potti Sriramulu and Telugu Thalli. The Telugu people, on this day, remember Sri Potti Sriramulu who sacrificed his life for the creation of Andhra Pradesh.

Correct Answer – C. IBM

Explanation: Tech giant IBM stated it has collaborated with Indian Oil Corporation Ltd (IOCL) to transform the latter’s customer experience using digital tools. Around 12,400 IOCL distributors covering about 130 million consumers can now use the IndianOil One mobile app and portal, developed by IBM Services. The IndianOil One mobile app and portal are part of Indian Oil’s Project ePIC, an integrated platform for Customer Relationship Management (CRM) and Distribution Management System (DMS).

This platform ensures real-time updates to inventory, orders, and invoices, thereby reducing the time to order fulfilment. Indian Oil can respond more quickly to customer service requests, including grievances using the platform. The platform also presents a unified customer experience across various access devices such as mobile phones, tablets, and desktops.

Correct Answer – B. Goni

Explanation: Super Typhoon Goni, claimed as the world’s strongest typhoon of 2020 has hit the south of the Philippines’ main island of Luzon. Goni is one of the strongest storms to hit the Philippines since 2013’s Haiyan, which killed more than 6,300 people.

• Philippines President: Rodrigo Duterte Trending.
• Philippines Capital: Manila.
• Philippines Currency: Philippine peso.

Correct Answer – C. Singapore

Explanation: Singapore will stop printing S$1,000 banknotes from January 2021. This will curb the risk of them being used for money laundering and to finance terrorism. Existing notes will remain legal tender and banks can continue to re-circulate them. Countries around the world have been looking to phase out high denomination notes for years over concerns they are used for criminal activity.

Correct Answer – B. Ajey Mehta

Explanation: Ajey Mehta, India VP for HMD Global, will now start his own internet of things venture, Ikiva, that will focus on the healthcare domain. Mehta had been looking after the India market since the time HMD started operations in India. He spearheaded the launch of Nokia’s Android smartphones and built HMD Global’s business in India in his role as the country head between Dec 2016 to Jun 2019.

Correct Answer – C. 30 November 2020

Explanation:  Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS). It has been extended by one month till 30th of November 2020 or till an amount of Rs. 3 lakh crore is sanctioned under the scheme, whichever is earlier. This has been done in view of the opening up of various sectors in the economy and the expected increase in demand during the ongoing festive season.

Correct Answer – C. Portugal

Explanation: Duarte Pacheco of Portugal has been elected the new President of Inter-Parliamentary Union (IPU) for the period 2020-2023. The election process to elect the new IPU President took place through remote electronic secret ballot, with a 24 hour window for casting votes. The Indian Parliamentary Delegation was led by Lok Sabha Speaker Om Birla.

Correct Answer – B. 5th November

Explanation: World Tsunami Awareness Day was observed across the world on 5 November. The day is celebrated to spread awareness among people across the world in matters related to the dangers of tsunami. In 2020, World Tsunami Awareness Day encourages the development of national and community-level, local disaster risk reduction strategies to save more lives against disasters. This year’s observance promotes “Sendai Seven Campaign,” target.

Correct Answer – A. Aegon Life Insurance Company

Explanation: The policyholder of the plan will get the benefit of life protection along with a lump sum amount on diagnosis of any of the 36 critical illnesses. This plan offers a comprehensive insurance cover against COVID-19, which can be availed immediately on the Flipkart app with a basic life insurance plan. This insurance ensures that the policyholders are protected against most lifestyle diseases along with a life cover to ease the financial burden. The starting premium of the plan is Rs 153 for a life cover of Rs 1 lakh plus Critical Illness cover of Rs.10,000.

Correct Answer – B. HDFC Bank

Explanation:  HDFC Bank Limited has been voted as the “Most Outstanding Company – Financial Sector” in India in the poll conducted by Asiamoney, a well-established financial publication. HDFC has been given the honour for the 2nd consecutive year. Bharti Airtel won the overall winner by Market in India.

Correct Answer: A. Violin

Explanation: Violin maestro and Padma awardee TN Krishnan passed away in Chennai in Nov 2020. He received many legendary awards like Padma Bhushan, Padma Vibhushan and Sangeetha Kalanidhi. He also taught violin to many students in his academic career at Chennai Music College and was the dean for the School of Music and Fine Arts at the University of Delhi.