Current Affairs Quiz: May 24, 2020

1. The Union Cabinet gave nod to launch a special liquidity scheme worth how much amount for stressed non-banking financial companies and housing finance companies?
   A)₹11000 cr
   B)₹10000 cr
   C)₹20000 cr
   D)₹30000 cr
   
   
   

   
   Option D
   Explanation: The Union Cabinet gave nod to launch a special liquidity scheme worth Rs 30,000 crore for stressed non-banking financial companies and housing finance companies, whose financials further deteriorated due to COVID-19 crisis.

   
   
2. How much amount of Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME was approved by the cabinet?
   A)₹5 lakh cr
   B)₹1 lakh cr
   C)₹2 lakh cr
   D)₹3 lakh cr
   
   
   

   
   Option D
   Explanation: The Union Cabinet approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis.

   
   
3. How much amount of aid was given by a World bank to 100 nations to fight Coronavirus?
   A)$120 billion
   B)$100 billion
   C)$150 billion
   D)$160 billion
   
   
   

   
   Option D
   Explanation: The Covid-19 pandemic is expected to put over 60 million people into extreme poverty globally, the World Bank has said as it announced emergency operations worth $160 billion in 100 developing countries to fight the deadly virus.

   
   
4. Recently which bank got approval from IRDAI to continue with its 30% holding in IndiaFirst Life Insurance?
   A)Union Bank of India
   B)Sbi
   C)IDBI Bank
   D)PNB
   
   
   

   
   Option A
   Explanation: Insurance Regulatory and Development Authority of India (IRDAI) has approved Union Bank of India’s proposal to continue with its 30% holding in IndiaFirst Life Insurance with the caveat that the lender will exercise no control in the management of the insurer.

   
   
5. Who has been appointed by the World Bank to a key position on climate change and disaster management in South Asia?
   A)Abhas Jha
   B)Manurima Chaturvedi
   C)Sanjay Singh
   D)KV Kamath
   
   
   

   
   Option A
   Explanation: Abhas Jha, an Indian economist, has been appointed by the World Bank to a key position on climate change and disaster management in South Asia.

   
   
6. Recently Adam Henein passed away,He was related to which field?
   A)Actor
   B)journalist
   C)Politics
   D)Artist
   
   
   

   
   Option D
   Explanation: Acclaimed Egyptian artist Adam Henein, who joined ancient pharaonic themes with sleek modernism in sculptures that often portrayed birds and other animals, died. He was 91.

   
   
7. Recently Naipal Singh passed away.He was related to which field?
   A)Sports
   B)Actor
   C)Journalist
   D)Poltics
   
   
   

   
   Option D
   Explanation: Former Uttar Pradesh minister Naipal Singh passed away on Friday following a heart attack at his residence. He was 80.

   
   
8. what is the theme of this year’s International Day for Biological Diversity?
   A)Our solutions are in nature
   B)Nature and Biodiversity
   C)Nature and Health
   D)Save the Environment
   
   
   

   
   Option A
   Explanation: The United Nations has proclaimed May 22 The International Day for Biological Diversity (IDB) to increase understanding and awareness of biodiversity issues.The theme of the 2020 edition is Our solutions are in nature

   
   
STATIC GK BASED ON CURRENT AFFAIRS
9. Where is the HQ of IRDA?
   A)Lucknow
   B)Mumbai
   C)Chennai
   D)Hyderabad
   
   
   

   
   Option D
   

   
   
10. Where is the HQ of World Bank?
    A)Paris
    B)London
    C)Washington DC
    D)NewYork
    
    
    

    
    Option C