Current Affairs Quiz 31 August 2020: Based on the Current Affairs and Important News of 31 August 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 31 August 2020. Attempt our daily current affairs quiz on our mobile app too.
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- Who participated in the 8th East Asia virtual Summit (Economic Ministers’ Meeting) 2020 from India side?
A) Nirmala Sitharaman
B) Nitin Gadkari
C) Piyush Goyal
D) Ravi Shankar Prasad
View answer
Option C
Explanation: The 8th East Asia Summit (Economic Ministers’ Meeting) was held virtually on 28 August 2020. It was chaired by Vietnam’s Industry and Trade Minister Tran Tuan Anh. The Union Minister of Commerce and Industry Shri Piyush Goyal represented India
- Name the top ranking Indian company in the Rabobank’s Global Top 20 Dairy Companies list?
A) Amul
B) Mother Dairy
C) Namaste India
D) Kwality Ltd
View answer
Option A
Explanation:Amul, Gujarat Cooperative Milk Marketing Federation (GCMMF) has been ranked 16th in the Rabobank’s Global Top 20 Dairy Companies list. Amul has achieved an annual turnover of $5.5 billion. Amul is the first Indian company to enter the top 20 ranking of Rabobank’s Global Top 20 Dairy Companies list.
- Which player has won the F1 Belgian Grand Prix 2020?
A) Valtteri Bottas
B) Sebastian Vettel
C) Max Verstappen
D) Lewis Hamilton
View answer
Option D
Explanation: Lewis Hamilton (Mercedes-Great Britain) has won the Formula One Belgian Grand Prix 2020 held on August 30, 2020. This was his 5th win of the season.
- What is the duration of the next-generation startup contest`Chunauti’ launched by IT ministry to boost startups and software products?
A) 3 years
B) 6 months
C) 1 year
D) 2 years
View answer
Option A
Explanation: The Union Minister for Electronics and IT Shri Ravi Shankar Prasad has launched a next-generation startup contest named `Chunauti’ to further boost startups and software products with special focus on Tier-II towns of India Total Outlay: Rs 95 crore, Duration of the programme: Three years
- The Ease of Doing Business report is released by which organisation?
A) International Monetary Fund
B) World Bank
C) World Economic Forum
D) Asian Development Bank
View answer
Option B
Explanation: The World Bank has stopped the publication of its “Doing Business” report to probe data collection irregularities in the annual ranking of countries’ business and investment climates. The World Bank said that there were “a number of irregularities” reported regarding data changes to the reports published in 2017 and 2019.
- Which team has won the 2020 FA Community Shield?
A) Manchester United
B) Liverpool
C) Arsenal
D) Juventus
View answer
Option C
Explanation: Arsenal beat Premier League champions Liverpool by 5–4 on penalties to claim the 2020 FA Community Shield after a 1–1 draw.
- The mobile app ‘Pension Corner’ has been launched by which organisation for its retired personnels?
A) BSF
B) Intelligence Bureau
C) Indian Coast Guard
D) CISF
View answer
Option D
Explanation: The Central Industrial Security Force (CISF) has launched a mobile application ‘Pension Corner’ to cater to the needs of all its retired personnels.
- India has recently been declared as the joint winner with which country in the maiden FIDE Online Chess Olympiad 2020?
A) Russia
B) Belgium
C) France
D) Poland
View answer
Option A
Explanation: India and Russia have been jointly annouced the winner of first-ever FIDE Online Chess Olympiad 2020. This was the first time FIDE was holding the Olympiad in an online format.
- Which among the following companies has announced to acquire the Kishore Biyani’s Future retail business?
A) Future Enterprises Ltd
B) Avenue Supermarts Ltd (D-Mart)
C) Reliance Retail Ventures Limited
D) Shoppers Stop Ltd
View answer
Option C
Explanation: Reliance Retail Ventures Limited (RRVL), subsidiary of Reliance Industries Limited will buy Kishore Biyani’s Future retail for Rs 24,713 crore. The first step in this acquisition will be the merger of five Future Group’s listed entities including Future Retail, Future Lifestyle and Future Consumer – into Future Enterprises (FEL).
- The stock exchange of which country was recently hit by cyber attack “distributed denial of service” (DDoS)?
A) Germany
B) New Zealand
C) Switzerland
D) Netherlands
View answer
Option B
Explanation: New Zealand’s Exchange (NZX) which operates New Zealand capital, risk and commodity markets (stock market) was under cyber attack for four days. It was a “distributed denial of service” (DDoS) attacks. However, the source of attack is not known yet.
- India will not participate in the multilateral Military Exercise Kavkaz 2020 due to COVID-19. The exercise is scheduled to be held in which country?
A) Kyrgyzstan
B) Egypt
C) China
D) Russia
View answer
Option D
Explanation: India has withdrawn its participation from the multilateral Military Exercise Kavkaz 2020 to be held in Russia between 15th to 26th September 2020.
- Chadwick Boseman, a renowned actor has passed away. He was known for playing the role of which marvel superhero?
A) Captain America
B) Hulk
C) Black Panther
D) Iron Man
View answer
Option C
Explanation:American actor Chadwick Boseman, who became a global icon for his role as Black Panther in the hit Marvel superhero franchise, has passed away after battling cancer since past four years from 2016. He was 43.
- Which company has topped the Rabobank’s Global Top 20 Dairy Companies?
A) Fonterra
B) Nestle
C) Unilever
D) Lactalis
View answer
Option B
Explanation: Switzerland’s Nestle topped the list with a turnover of US $22.1 billion.
- How much amount would be provided as seed fund to the startups selected under the Centre’s next-generation startup programme `Chunauti’?
A) Rs 25 lakh
B) Rs 10 lakh
C) Rs 35 lakh
D) Rs 20 lakh
View answer
Option A
Explanation: Under the programme around 300 startups, working in identified areas, will be selected and then given seed fund of up to Rs 25 lakh and other facilities create new software products and app.
- What is the total outlay for the next-generation startup contest `Chunauti’?
A) Rs 85 crore
B) Rs 100 crore
C) Rs 70 crore
D) Rs 95 crore
View answer
Option D
Explanation: Rs 95 crore
