Current Affairs Quiz 26-27 February 2020 - Current Affairs Daily MCQ

Current Affairs Quiz 26-27 February 2020: Based on the Current Affairs and Important News of 26-27 February 2020 we have framed important current affairs questions for banking and competitive exams. These current affairs quiz questions will be helpful for upcoming competitive exams. Give our online current affairs test every day to be prepared for all Current Affairs Quiz 26-27 February 2020. Attempt our daily current affairs quiz on our mobile app too

The United States and India has recently signed defence deal worth __________ under which India will purchase 30 helicopters from US.
A) USD 5 billion
B) USD 7 billion
C) USD 3 billion
D) USD 2 billion

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Option C
Explanation: India and the United States have signed defence deals worth over USD 3 billion. Under the deal, India will procure: 24 MH-60 Romeo helicopters from the US at a cost of $2.6 billion and 6 AH-64E Apache helicopters for $800 million
IRDAI has formed a 9 member committee to study the feasibility of allowing life insurers to offer indemnity-based health insurance policies. Who is the head of the committee?
A) M.R. Kumar
B) Subhash Chandra Khuntia
C) Devesh Srivastava
D) Surendranath Tagore

View answer
Option A
Explanation: Insurance Regulatory and Development Authority of India (IRDAI) has formed a 9 member committee to study the feasibility of allowing life insurers to offer indemnity-based health insurance policies. The committee is headed by Shri. M.R. Kumar who is the Chairman of LIC.
How many MoUs have been signed between India and Myanmar during the visit of foreign President U Win Myint to India?
A) 12
B) 9
C) 15
D) 5

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Option B
Explanation: President of Myanmar, U Win Myint was in India. During his visit, India and Myanmar have signed 9 MoUs. The agreements were signed in Hyderabad. The Myanmar president is on a four-day visit to India and is accompanied by the First Lady Daw Cho Cho.
According to the report by TRA, which among these brand is the India’s Most Desired Brands 2020?
A) Microsoft
B) Apple
C) Amazon
D) Samsung

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Option D
Explanation: Samsung has topped the list of India’s Most Desired Brands 2020 by TRA. Apple Iphone is on second rank.
Which Indian city is set to host country’s first Artificial Intelligence summit titled RAISE 2020– ‘Responsible AI for Social Empowerment 2020 in April?
A) Mumbai
B) Hyderabad
C) New Delhi
D) Kolkata

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Option C
Explanation: India’s first Artificial Intelligence summit which is titled RAISE 2020– ‘Responsible AI for Social Empowerment 2020, will be held from April 11-12 in New Delhi. The theme of the event is: AIforALL. The event will start with a Startup Challenge – Pitchfest followed by the two-day summit, organized by Government of India along with Ministry of Electronics and Information Technology.
NITI Aayog and Atal Innovation Mission (AIM) have collaborated with which company to launch AI-based Module for students in Indian schools
A) NASSCOM
B) FICCI
C) ICANN
D) CII

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Option A
Explanation: NITI Aayog and Atal Innovation Mission (AIM) have collaborated with the National Association of Software and Services Companies (NASSCOM) for the launch of an AI-based Module rolled out for students in Indian schools.
Tennis star Maria Sharapova has announced her retirement. She is from which country?
A) United Kingdom
B) Russia
C) Poland
D) Spain

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Option B
Explanation: Russian tennis player Maria Sharapova has announced her retirement from the game of tennis. She is 32.
The joint air force exercise Indradhanush is being held by the Indian Air Force with which country?
A) Bangladesh
B) Nepal
C) Sri Lanka
D) United Kingdom

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Option D
Explanation: The Indian Air Force (IAF) and Royal Air Force (RAF) (British Sir Force) commenced the 5th edition of Exercise Indradhanush at Air Force Station Hindan. The exercise began on 24 Feb 2020 and would conclude on 29 Feb 2020. The theme of the exercise is: ‘Base Defence and Force Protection’.
The Food Processing Ministry has launched the MIEWS Web Portal for ‘real time monitoring’ of prices of TOP crops. What does MIEWS denotes?
A) Market Informatics and Early Warning System
B) Mobile Infrastructure and Early Warning System
C) Market Intelligence and Early Warning System
D) Monitoring Injection and Early Warning System

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Option C
Explanation: Ministry of Food Processing Industries has launched the Market Intelligence and Early Warning System (MIEWS) Web Portal for ‘real time monitoring’ of prices of tomato, onion and potato (TOP) crops. Smt. Harsimrat Kaur Badal, Union Minister of Food Processing Industries launched the portal.
Which bank has appointed Puneet Sharma as the CFO?
A) Axis Bank
B) Canara Bank
C) HDFC Bank
D) ICICI Bank

View answer
Option A
Explanation: Axis Bank appoints Puneet Sharma as CFO
The 6th Coast Guard Offshore Patrol Vessel (OPV-6) ’VAJRA’ was launched in Chennai recently. The vessel has been developed by_____________
A) Bharat Dynamics Limited
B) Larsen and Toubro
C) Hindustan Aeronautics Limited
D) Ordnance Factory Board

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Option B
Explanation: The 6^th Coast Guard Offshore Patrol Vessel (OPV-6) ’VAJRA’ was launched in at Chennai on February 27, 2020. Shri Mansukh Mandaviya was the chief guest of the event. Mandaviya is the Minister of State for Shipping(I/C) and Chemicals & Fertilizers.
The ‘Protein Day’ was celebrated in India for the first time on____________
A) February 26
B) February 22
C) February 20
D) February 27

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Option D
Explanation: Right to Protein, a national-level public health initiative has launched India’s first ‘Protein Day’ on February 27, 2020. Globally many countries recognize February 27 as Protein Day and from this year India will also join this movement. Theme for 2020: #ProteinMeinKyaHai.
Finance Minister has launched EASE 3.0 reform agenda to introduce the use of FinTech, AI & analytics in Public Sector Banks (PSBs). What does EASE stands for?
A) Enabled Access and Sectoral Envision
B) Economic Access and Social Entity
C) Enriched Access and Safety Experience
D) Enhanced Access and Service Excellence

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Option D
Explanation: Finance Minister Nirmala Sitharaman launched the EASE (Enhanced Access and Service Excellence) 3.0 reform agenda on February 26, 2020 to bring reform in the existence of Public Sector Banks (PSBs) through the use of FinTech, AI & analytics.
Michael Miebach has been appointed as the CEO of which of these companies?
A) Mastercard
B) Visa
C) American Express
D) Citibank

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Option A
Explanation: Michael Miebach has been appointed as the CEO of Mastercard. He will take charge on March 01, 2020. He will replace Ajay Banga who held the position for 10 years.
The World NGO Day is observed every year on________
A) February 24
B) February 25
C) February 27
D) February 26

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Option C
Explanation: The World NGO Day is annually observed on February 27. The Day was officially recognised and declared by the 12 member countries(Belarus, Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Poland, Russia, Norway and Sweden).
The Government of India has projected to achieve annual defence exports of Rs 35,000 crore by which year?
A) 2022
B) 2025
C) 2023
D) 2024

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Option D
Explanation: India projects annual defence exports to touch Rs 35,000 crore by 2024 from the current level of Rs 17,000 crore: Defence Minister Rajnath Singh
Who among these has replaced Virat Kohli as the top batsman in the latest ICC Test rankings for batsmen?
A) David Warner
B) Steve Smith
C) Joe Root
D) Aaron Finch

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Option B
Explanation: Australia’s Steve Smith Dethrones Virat Kohli to Regain Top Spot in the latest ICC Test rankings for batsmen
Who among these has topped the Hurun Global Rich List 2020?
A) Jeff Bezos
B) Mark Zuckerberg
C) Bill Gates
D) Larry Page

View answer
Option A
Explanation: The Hurun Global Rich List 2020 was released on 26 February 2020 to rank the top billionaires in the world. The ninth edition of the ranking list has 2,817 billionaires from 71 countries and 2,183 companies. The list has been topped by Amazon founder and CEO Jeff Bezos for the third time, with an estimated net worth of $140 billion.
KPP Samy who died recently was the former minister from which state?
A) Andhra Pradesh
B) Karnataka
C) Odisha
D) Tamil Nadu

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Option D
Explanation: DMK MLA and former Minister KPP Samy, who represented the Tiruvottiyur Assembly constituency in Tamil Nadu, passes away at 57
What is the rank of Indian billionaire Mukesh Ambani in Hurun Global Rich List 2020?
A) 5th
B) 6th
C) 9th
D) 12th

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Option C
Explanation: Reliance Industries Chairman Mukesh Ambani is the richest Indian as well as the richest Asian in the list, ranked at 9th position with total net worth of $67 billion.He is the only Indian and Asian to be placed in top 10 place. Ambani shares his position with Larry Page (Google) and Steve Ballmer (Microsoft). In terms of countries, China has topped the list with maximum number of billionaires at 799. United States is second with 626 billionaire while India is third in the list with 138 billionaires.

Current Affairs Quiz – 26-27 February 2020

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