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Current Affairs Quiz 20th May 2024

Directions for the quiz:

1. This quiz, that is the Current Affairs Quiz 20th May 2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.

2. Current Affairs Quiz 20th May 2024 is designed to check your Current Affairs General Knowledge and provide you with an assessment of the same.

3. Each question in Current Affairs Quiz 20th May 2024 followed by 4 options. Select the most appropriate option for the question.

4. Before you take this quiz, we would recommend to you to go through the article, Daily Current Affairs Today 20th May, 2024

 

Question 1:

Which companies were sanctioned by China for their involvement in arms sales to Taiwan?

A) Boeing and Lockheed Martin

B) Boeing and Raytheon

C) Boeing and Northrop Grumman

D) Boeing and General Dynamics

Answer and Explanation

Answer: B) Boeing and Raytheon

  • Explanation: China sanctioned Boeing and Raytheon for their roles in arms sales to Taiwan, highlighting ongoing regional tensions.

 

 

Question 2:

Which new insurance product has SBI General Insurance launched to support infrastructure development?

A) Infrastructure Bond Insurance

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B) Project Risk Cover

C) Surety Bond Bima

D) Construction Cover Policy

Answer and Explanation

Answer: C) Surety Bond Bima

  • Explanation: SBI General Insurance launched ‘Surety Bond Bima’ to support infrastructure projects by providing a security arrangement.

 

 

Question 3:

What changes did IRDAI make to the regulations governing surety bonds?

A) Increased solvency requirement and added exposure limit

B) Lowered solvency requirement and removed exposure limit

C) Introduced new compliance norms

D) Expanded coverage to new sectors

Answer and Explanation

Answer: B) Lowered solvency requirement and removed exposure limit

  • Explanation: IRDAI lowered the solvency requirement and removed the exposure limit to enhance the accessibility of surety insurance products.

 

 

Question 4:

What is the expected GDP growth rate for India in Q4 of FY24 according to Ind-RA?

A) 6.5%

B) 6.7%

C) 7.0%

D) 7.2%

Answer and Explanation

Answer: B) 6.7%

  • Explanation: India Ratings and Research (Ind-RA) expects the GDP growth rate to be 6.7% for the March quarter of FY24.

 

 

Question 5:

What milestone did RXIL’s TReDS platform achieve in MSME invoice financing?

A) INR 500 billion

B) INR 750 billion

C) INR 1 trillion

D) INR 1.5 trillion

Answer and Explanation

Answer: C) INR 1 trillion

  • Explanation: RXIL’s TReDS platform surpassed INR 1 trillion in MSME invoice financing since its inception.

 

 

Question 6:

Who provided a $25 million loan to Fusion Micro Finance to support its expansion plans?

A) World Bank

B) International Monetary Fund (IMF)

C) United States International Development Finance Corporation (DFC)

D) Asian Development Bank (ADB)

Answer and Explanation

Answer: C) United States International Development Finance Corporation (DFC)

  • Explanation: The United States International Development Finance Corporation (DFC) provided a $25 million loan to Fusion Micro Finance.

 

 

Question 7:

What significant changes did SEBI introduce to its LODR regulations?

A) Increased audit requirements

B) Enhanced market capitalization computation

C) New financial reporting standards

D) Stricter insider trading rules

Answer and Explanation

Answer: B) Enhanced market capitalization computation

  • Explanation: SEBI introduced amendments to its LODR regulations, focusing on the computation of market capitalization for listed companies.

 

 

Question 8:

Who was appointed as Whole Time Director on the Board of IDFC FIRST Bank?

A) Rajesh Kumar

B) Pradeep Natarajan

C) Anil Sharma

D) Suresh Rao

Answer and Explanation

Answer: B) Pradeep Natarajan

  • Explanation: Pradeep Natarajan was appointed as Whole Time Director on the Board of IDFC FIRST Bank for a tenure of three years.

 

 

Question 9:

Which two Indian businessmen secured positions among the world’s top 15 super-rich?

A) Ratan Tata and Azim Premji

B) Mukesh Ambani and Gautam Adani

C) Sunil Mittal and Shiv Nadar

D) Kumar Mangalam Birla and Lakshmi Mittal

Answer and Explanation

Answer: B) Mukesh Ambani and Gautam Adani

  • Explanation: Mukesh Ambani and Gautam Adani were listed among the top 15 super-rich individuals in the Bloomberg Billionaires Index.

 

 

Question 10:

Which athlete topped Forbes’ list of highest-paid athletes again?

A) Lionel Messi

B) LeBron James

C) Cristiano Ronaldo

D) Roger Federer

Answer and Explanation

Answer: C) Cristiano Ronaldo

  • Explanation: Cristiano Ronaldo secured the top spot on Forbes’ list of the world’s highest-paid athletes for the fourth time.

 

 

Question 11:

When is World Bee Day observed?

A) May 15

B) May 18

C) May 20

D) May 22

Answer and Explanation

Answer: C) May 20

  • Explanation: World Bee Day is observed on May 20 to commemorate the birth anniversary of Anton Janša, a pioneer in beekeeping.

 

 

Question 12:

What is the theme for World Bee Day 2024?

A) Save the Bees

B) Bee engaged with Youth

C) Protect Our Pollinators

D) Bees for Sustainable Agriculture

Answer and Explanation

Answer: B) Bee engaged with Youth

  • Explanation: The theme for World Bee Day 2024 is “Bee engaged with Youth,” emphasizing the involvement of young people in bee conservation.

 

 

Question 13:

Which former Indian Army officer was killed in a Gaza attack in May 2024?

A) Colonel (Retd.) Vijay Kumar

B) Colonel (Retd.) Rajesh Sharma

C) Colonel (Retd.) Waibhav Anil Kale

D) Colonel (Retd.) Suresh Mehta

Answer and Explanation

Answer: C) Colonel (Retd.) Waibhav Anil Kale

  • Explanation: Colonel (Retd.) Waibhav Anil Kale, serving with the United Nations Department of Safety and Security, was killed in a Gaza attack in May 2024.

 

 

Question 14:

Which organization’s platform achieved a milestone of financing over ₹1,00,000 crore in MSME invoices?

A) SIDBI

B) RXIL

C) NABARD

D) NSIC

Answer and Explanation

Answer: B) RXIL

  • Explanation: RXIL’s Trade Receivables Discounting System (TReDS) platform achieved a milestone of financing over ₹1,00,000 crore in MSME invoices.

 

 

Question 15:

Which regulatory body made amendments to the Listing Obligations and Disclosure Requirements (LODR) regulations?

A) RBI

B) IRDAI

C) SEBI

D) NITI Aayog

Answer and Explanation

Answer: C) SEBI

  • Explanation: SEBI made significant amendments to the Listing Obligations and Disclosure Requirements (LODR) regulations.
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