Current Affairs Quiz: May 29, 2020

1. Which payments bank has partnered with MasterCard to build customised solutions for payments such as tap-and-pay NFC?
   A)AU Small Finance Bank
   B)Paytm Payments Bank
   C)Fino Payments Bank
   D)Airtel Payments Bank
   
   
   

   
   Option D
   Explanation: Airtel Payments Bank has partnered with Mastercard to build customised solutions for payments such as tap-and-pay NFC, credit facility and other neighbourhood banking services for farmers and SMEs.

   
   
2. Which artificial intelligence (AI)-based chatbot was launched by National Payment Corporation of India (NPCI) to create awareness around its digital payment platforms like FASTag?
   A)MAi
   B)TAi
   C)SAi
   D)PAi
   
   
   

   
   Option D
   Explanation: National Payment Corporation of India (NPCI) has launched an artificial intelligence (AI)-based chatbot to create awareness around its digital payment platforms like FASTag, RuPay and UPI. Called PAi, the chatbot aims to improve digital financial inclusion in the country.

   
   
3. Which e commerce company has partnered with Karnataka State Mango Development and Marketing Corporation Ltd. enabling farmers to sell their fresh produce online?
   A)Dailyobjects
   B)Amazon
   C)Ebay
   D)Flipkart
   
   
   

   
   Option D
   Explanation: E-commerce platform Flipkart and the Karnataka State Mango Development and Marketing Corporation Ltd. signed a Memorandum of Understanding, enabling farmers to sell their fresh produce online.

   
   
4. As per rating agency Standard and Poor,Indian economy to contract by how much percent in FY21?
   A)5%
   B)3%
   C)2%
   D)1%
   
   
   

   
   Option A
   Explanation: Rating agency Standard and Poor’s said the Indian economy will contract 5% in FY21 assuming that the ongoing coronavirus pandemic will peak by September quarter. S&P’s Indian arm Crisil made similar forecasts.

   
   
5. Which Indian Institute have developed a magnesium alloy with significantly improved properties, that can replace steel and aluminium in automotive and aerospace components?
   A)IIT Madras
   B)IIT Bombay
   C)IIT Delhi
   D)IIT Kanpur
   
   
   

   
   Option A
   Explanation: Researchers at the Indian Institute of Technology Madras (IITM), along with the University of North Texas and US Army Research Laboratory, have developed a magnesium alloy with significantly improved properties, that can replace steel and aluminium in automotive and aerospace components.

   
   
6. Who was appointed as new president of New Development Bank?
   A)Will Smith
   B)VK Ranjan
   C)KV Kamath
   D)Marcos Troyjo
   
   
   

   
   Option D
   Explanation: Brazil’s Marcos Troyjo will succeed India’s KV Kamath as president of the New Development Bank (NDB).

   
   
7. Who has been appointed as new CMD of Oriental Insurance Company?
   A)SN Rajeshwari
   B)AV Girja Kumar
   C)VK Shaw
   D)Mayur Kumar
   
   
   

   
   Option A
   Explanation: SN Rajeswari,57,general manager,New India Assurance(NIA),has been selected by the Banks Board Bureau (BBB), as the CMD of the Delhi based Oriental Insurance Company(OIC).

   
   
8. Which company has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters?
   A)Ola
   B)Uber
   C)Tesla
   D)OYO
   
   
   

   
   Option A
   Explanation: Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola, has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters.

   
   
9. Recently which famous Urdu author, humorist and satirist passed away?
   A)Mujtaba Hussain
   B)Mohammed Hussain
   C)Mujammil Hussain
   D)Kashif Raja
   
   
   

   
   Option A
   Explanation: Celebrated Urdu author, humorist and satirist Mujtaba Hussain passed away in Red hills after a prolonged illness. He was 84.

   
   
10. Recently R Shanmugam passed away.He was related to which sports?
    A)Tennis
    B)football
    C)Cricket
    D)Baseball
    
    
    

    
    Option B
    Explanation: Former Tamil Nadu footballer and coach R. Shanmugam passed away. He wad 77.

    
    
11. Recently who released the children’s book ‘The Ickabog’?
    A)JK Rowling
    B)Marcus Tremos
    C)Williams Smith
    D)Andrew Wilson
    
    
    

    
    Option A
    Explanation: J.K. Rowling published the first chapters of a fairy tale about a monster known as the Ickabog, an allegory about truth and abuse of power that is free online so that children can read it during coronavirus lockdown.

    
    
STATIC GK BASED ON CURRENT AFFAIRS
12. Where is the HQ of Mastercard?
    A)Paris
    B)Washington DC
    C)NewYork
    D)London
    
    
    

    
    Option C
    

    
    
13. Where is the HQ of National Payment Corporation of India?
    A)Delhi
    B)Mumbai
    C)Chennai
    D)Kolkata
    
    
    

    
    Option B
    

    
    
14. Where is the HQ of Orintal Insurance Company Limited?
    A)Lucknow
    B)Chennai
    C)Mumbai
    D)NewDelhi
    
    
    

    
    Option D