Daily GK and Current Affairs Quiz – 9th October 2020

Correct Answer– B. ICICI Bank

Explanation– ICICI Bank has launched a debit card facility for the customers availing the Loan Against Securities (LAS) from the Bank. The debit card is available on the Visa platform. With this launch, ICICI Bank has become the first bank in India to launch such a facility. The LAS debit can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount.

• Transaction limit: The card offers a maximum daily transaction limit of Rs. 3 lakh each for POS and online transactions.
• Digital card: The Bank provides a digital card to customers, which is made available on iMobile app within one business day. (Physical card will be made available within seven business days.)
• Automatic renewal: The card is automatically renewed upon renewal of the LAS account.

Correct Answer– C. Sports Ministry

Explanation– The Union Minister of Youth Affairs and Sports Kiren Rijijuannounced that the government will launch Target Olympic Podium Scheme (TOPS) for junior athletes (besides the already existing TOPS senior, for grooming the potential juniors as well for the 10-12 years old) to groom them for 2024 and 2028 Olympics.

Correct Answer– C. Tarun Bajaj

Explanation– Economic Affairs Secretary, Tarun Bajaj becomes new director on Central Board of the Reserve Bank of India(RBI). His appointment is confirmed by the Government of India. He is a 1988 batch Indian Administration Service(IAS) officer. He will replace Atanu Chakraborty, who retired on April 30. Prior to taking over as Economic Affairs Secretary, Bajaj was the Additional Secretary in Prime Minister’s Office. Before joining the Prime Minister’s Office in 2015, Bajaj was Joint Secretary in the Economic Affairs Department, looking after multilateral funding agencies division.

Correct Answer– D. Atul Kumar Jain

Explanation– Vice Admiral Atul Kumar Jain FOC-in-C Eastern Naval Command conferred Gallantry and non-Gallantry Awards announced on the Republic Day to meritorious personnel. He also gave citations to Naval units at the Naval Investiture Ceremony conducted at Visakhapatnam on 05 October 2020. The ceremony was conducted at Samudrika Naval Auditorium.

Correct Answer– C. 20,000

Explanation– The Centre disbursed nearly Rs. 20,000 crore among the states from the amount collected as compensation cess this year. Finance Minister Nirmala Sitharaman made the announcement to this effect after the 42nd GST Council meeting. Finance Minister informed that the Centre will also disburse Rs. 25,000 crore towards Integrated GST for 2017-18 to those states that received less amount.

Correct Answer– A. Indo-American Chamber of Commerce

Explanation– The Indo-American Chamber of Commerce (IACC) presented the lifetime achievement award to business icon Ratan Tata. The IACC leadership bestowed the IACC Lifetime and Global Excellence Awards to Tata. Tata, who grew the revenues for India’s largest conglomerate ‘The Tata Group’ to nearly $100 billion by 2011-12, remains an influential industrialist, philanthropist and humanitarian to the day.

Correct Answer– C. Harvey J. Alter, Michael Houghton and Charles M. Rice

Explanation– The 2020 Nobel Prize in Physiology or Medicine has been awarded to Harvey J. Alter, Michael Houghton and Charles M. Rice “for the discovery of Hepatitis C virus,” the Nobel Assembly at Karolinska Institutet announced in Stockholm, Sweden. The trio’s work helped explain a major source of blood-borne hepatitis that couldn’t be explained by the hepatitis A and B viruses.

Correct Answer– D. Jindal Steel & Power Ltd

Explanation–  Jindal Steel & Power Ltd (JSPL) was conferred with GreenTech CSR India 2020 Award for its for outstanding achievements in promoting healthcare under its CSR programs. The Award was received by the Chairperson of JSPL Foundation, Shallu Jindal, during the 7th CSR India Summit & Expo. JSPL was declared the winner for this coveted award in the category of “Promotion of Health and Healthcare”.

Correct Answer– C. Sun Pharma

Explanation– Drug major, Sanofi India has recently announced the Board of Directors of the Company at its meeting. The approved the appointment of Mr Vaibhav Karandikar as Chief Financial Officer and Key Managerial Personnel. He is a Chartered Accountant, a Company Secretary and a Cost Accountant with 25 years’ experience across various domains in Finance.

Correct Answer– B. Chetan Anand

Explanation– Commonwealth Games medallist shuttler Chetan Anand was named the brand ambassador of India’s first-ever badminton brand ‘Transform’ which was launched virtually on 7th October 2020. Anand is a former world no.10 and the men’s singles bronze medal winner at the 2006 Melbourne CWG. ‘Transform’ produces racquets, nylon shuttles, shoes, and apparels.

Correct Answer– C. Rana Daggubati

Explanation– Gadget accessory and consumer electronics brand Ubon has roped in Rana Daggubati as its brand ambassador to tap into the Southern market. With the association, the company aims to leverage the massive appeal the actor enjoys across the southern part of the country. Rana is big-time tech-savvy and his philosophy inclines very well with Ubon’s vision,” the company said in a statement.

Correct Answer– B. China

Explanation– An IEEE Spectrum report, the Beijing-based company is set to send the world’s first mining robot named ‘asteroid mining robot’ into space by November 2020 to identify and extract resources. The mining robot will be launched into space by a Chinese Long March series rocket. The 30-gram spacecraft, NEO-1, is likely to be launched as a secondary payload on a Chinese Long March rocket. This company also has another mission, Yuanwang-1 (‘Look up-1’), nicknamed ‘Little Hubble’, which is to be launched by late 2021 or early 2022.

Correct Answer – D. Alexander De Croo

Correct Answer–  C. Indian Bank

Explanation– Indian Bank launches business mentoring programme “MSME Prerna” to support MSMEs . ‘MSME Prerana’ will train entrepreneurs in business skills, communication, credit assessment. The programme was launched by Finance Minister Nirmala Sitharaman that aims to support 1,500 entrepreneurs across India in small businesses. The programme will begin in Tamil for the Coimbatore clusters of Indian Bank and later spread across the country. The programme will educate entrepreneurs about measures taken by the government, central bankers and lenders for MSMEs. Entrepreneurs will trained for due diligence, credit assessment, compliance, and risk mitigation.

Correct Answer– D. Actor-Producer

Explanation– Veteran Bollywood actor, Vishal Anand has passed away. He came to fame with the 1976 super-hit song and film ‘Chalte Chalte’. His real name was Bhishmam Kohli. He has appeared in 11 Hindi films during his acting careers like Hindustan Ki Kasam and Taxi Driver. Apart from acting, Anand had also directed and produced a few films, including Chalte Chalte.