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Current Affairs Quiz: 5 May 2022

AffairsCloud brings you the complete and important daily Current Affairs 5 May 2022 Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2022 updates.

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    1. In which city did PM Narendra Modi recently (in April ’22) inaugurate the Global Patidar Business Summit (GPBS) 2022?
      1) Jaipur, Rajasthan
      2) Bangalore, Karnataka
      3) Surat, Gujarat
      4) Noida, Uttar Pradesh
      5) Pune, Maharashtra
      Answer & Explanation
      Answer- 3) Surat, Gujarat
      Prime Minister (PM) Narendra Modi virtually inaugurated the Global Patidar Business Summit (GPBS) 2022 in Surat, Gujarat.
      i. GPBS 2022 was held at Sarsana Convention Centre, Surat, Gujarat from 29th April to 1st May 2022 with the theme of “Aatmanirbhar Community to Aatmanirbhar Gujarat and India”.
      ii. GPBS 2022, the 3-day summit, is organised by Sardardham under the Mission–2026 to provide an impetus to the socio-economic development of the Patidar community.

    2. As per the 20th World Press Freedom Index (WPFI) 2022 released by Reporters Without Borders (RSF), India secured the _____ rank out of 180 countries, while _____ tops the Index.
      1) 142nd; Finland
      2) 150th; Norway
      3) 153nd; Denmark
      4) 142nd; Norway
      5) 150th; Denmark
      Answer & Explanation
      Answer- 2) 150th; Norway
      On the occasion of World Press Freedom Day (WPFD) i.e. on May 3, 2022, the Reporters Without Borders (RSF) released its 20th World Press Freedom Index (WPFI) 2022 stating a fall in India’s press freedom ranking to 150th with a score of 41 in the 2022 from 142nd in 2021 out of 180 countries.
      i. The list has been topped by Norway (1st) with a score of 92.65 and followed by Denmark (2nd), Sweden (3rd) Estonia (4th) and Finland (5th).
      ii. North Korea remained at the bottom of the list (i.e.180th Rank).

    3. Which Non-Banking Finance Company (NBFC) recently (in May ’22) entered into a joint venture (JV) with Open Financial Technologies to launch ‘India’s First Neo-bank’ for MSMEs?
      1) Aditya Birla Finance Ltd
      2) Tata Capital Financial Service Ltd
      3) Muthoot Finance Ltd
      4) Bajaj Finance Ltd
      5) IIFL Finance Ltd
      Answer & Explanation
      Answer-5) IIFL Finance Ltd
      IIFL Finance Limited, a NBFC and Open Financial Technologies Private Ltd, Asia’s largest Small and Medium Enterprises (SMEs) focused neo-banking platform have entered into a joint venture (JV) to launch India’s first neo-bank to serve the banking and credit requirements of Micro, Small and Medium Enterprises (MSMEs).
      i. The new joint venture would be known as “IIFL Open Fintech Private Limited”, with an initial capital of Rs. 120 crores and the ratio of IIFL Finance to Open Financial Technologies Private Ltd. in the joint venture is 51:49.
      ii. This neo-bank offers a one-of-a-kind User Interface (UI) system designed specifically for small merchants.

    4. In April 2022, _________ imposed penalties of Rs 73 lakh (Totally) on 11 entities for fraudulent trading & disclosure lapses.
      1) National Securities Depository Limited
      2) Insurance Regulatory and Development Authority
      3) National Bank for Agriculture and Rural Development
      4) Securities and Exchange Board of India
      5) Reserve Bank of India
      Answer & Explanation
      Answer-4) Securities and Exchange Board of India
      Securities and Exchange Board of India (SEBI) imposed penalties totalling Rs 73 lakh on 11 entities for fraudulent trading and disclosure lapses.
      i. SEBI has imposed a Rs 17 lakh fine on Esteem Bio Organic Food Processing Ltd; Rs 8 lakh on Brij Kishore Sabharwal; Rs 7 lakh on Goldline International Finvest Ltd; Rs 6 lakh on Vinod Kumar Garg and Rs 5 lakh each on Satendra Kumar, Madhukar Dubey, Ram Prakash, Avisha Credit Capital Pvt Ltd, Neel Kanth Trading Co, Amsons Apparels Pvt Ltd and Gracious Software Pvt Ltd.

    5. Which Indian company recently (in April ’22) became the 100th Unicorn Start-Up from India by reaching a valuation of USD 1 billion (bn)?
      1) Pine Labs
      2) MediBuddy
      3) Jumbotail
      4) Open Financial Technologies
      5) InMobi
      Answer & Explanation
      Answer- 4) Open Financial Technologies
      Open Financial Technologies Pvt Ltd, a neo-banking start-up, reached a valuation of USD 1 billion (bn) after its Series D round of fundraising, bringing the total number of Unicorns in the Indian start-up ecosystem to 100.
      i. Unicorn: A privately held start-up company with a valuation of over $1 billion is referred to as a “unicorn” in the venture capital industry.

    6. In May 2022, Arvind Krishna was elected to the Board of Directors of Federal Reserve Bank of New York.
      Arvind Krishna is the Chairman & Chief Executive Officer (CEO) of which company?

      1) HCL Technologies
      2) IBM
      3) Microsoft Corporation
      4) Accenture
      5) Infosys
      Answer & Explanation
      Answer-2) IBM
      Arvind Krishna, Chairman and Chief Executive Officer (CEO) of IBM (International Business Machines Corporation) was elected to the Board of Directors of the Federal Reserve Bank of New York (New York Fed), New York, United States of America (USA), to fill the vacancy in the office for the remaining period of a 3-year term which ends on 31st December 2023. He has been elected as a Class B director
      i. Arvind Krishna has been serving as the Chairman and CEO of IBM Since January 2021

    7. Who recently (in May ’22) became the 1st Indian-origin person to be appointed as the 1st ever Chief Technology Officer (CTO) of the Central Intelligence Agency (CIA), USA?
      1) Vinod Khosla
      2) Jay Chaudhry
      3) Niraj Shah
      4) Ashok Elluswamy
      5) Nand Mulchandani
      Answer & Explanation
      Answer-5) Nand Mulchandani
      Ambassador William J. Burns, Director of Central Intelligence Agency(CIA) appointed Nand Mulchandani, an Indian Origin Person, as the first-ever Chief Technology Officer(CTO) of the CIA, the foreign intelligence and counterintelligence agency of the United States of America(USA).
      i. He also becomes the first-ever Indian Origin(Delhi) Person to become the CTO of the CIA.

    8. Name the personality who was recently (in May’22) appointed as the adviser to Prime Minister (PM) Narendra Modi.
      1) Rajiv Gauba
      2) Bhaskar Khulbe
      3) Tarun Kapoor
      4) Amit Khare
      5) Vivek Kumar
      Answer & Explanation
      Answer-3) Tarun Kapoor
      Tarun Kapoor who retired as the Secretary to the Ministry of Petroleum and Natural Gas(MoPNG) was appointed as the adviser to Prime Minister(PM) Narendra Modi for a period of 2 years (initially) from the date of joining or until further orders, whichever is earlier.
      i. The position of PM’s adviser was vacant since February following the retirement of IAS officer Bhaskar Khulbe.
      ii. Atish Chandra and Hari Ranjan Rao were appointed to the Prime Minister’s Office (PMO) on the Additional Secretary level by the Appointments Committee of the Cabinet (ACC).

    9. As per the International Table Tennis Federation (ITTF) rankings 2022 (as of 3rd May 2022), __________ secured 38th position in the women’s singles & Sathiyan Gnanasekaran gained ______ position in the Men’s Singles category.
      1) Archana Girish Kamath; 34th
      2) Ankita Das; 32nd
      3) Manika Batra; 34th
      4) Archana Girish Kamath; 30th
      5) Manika Batra; 32nd
      Answer & Explanation
      Answer-3) Manika Batra; 34th
      According to the International Table Tennis Federation(ITTF) rankings 2022 (as of 3rd May 2022), the Indian Paddler Manika Batra achieved career high rank by gaining 38th position in the women’s singles and the compatriot Sathiyan Gnanasekaran (G Sathiyan) gained 34th position in the Men’s Singles category.
      Men’s Doubles – The duo G Sathiyan and Harmeet Desai ranked at 28th position while the pair of G Sathiyan and Achanta Sharath Kamal are placed 35th.
      Women’s Doubles – Manika Batra and Archana Kamath are ranked world number 4 while Sutirtha Mukherjee and Ayhika Mukherjee are next best at world no 29.
      Mixed Doubles – Manika and Sathiyan are ranked world no 6 and Manav Vikas Thakkar and Archana Kamath are world no 22.

    10. International Firefighters Day (IFFD) 2022 was observed across the globe on __________.

      1) 4th May 2022
      2) 2nd May 2022
      3) 5th May 2022
      4) 1st May 2022
      5) 3rd May 2022
      Answer & Explanation
      Answer-1) 4th May 2022
      International Firefighters Day (IFFD) 2022 was observed across the globe on 4th May 2022 to create awareness about the significant role of firefighters in ensuring the safety of the people and property and to recognise and honour the sacrifices of the firefighters.
      i. The day also marks the feast day of St Florian (May 4), the patron saint of firefighters, chimney sweeps, and brewers and the first-ever International Firefighters Day was observed on 4th May 1999.
      ii. Red and Blue ribbon (two colours fused on top) is the significant symbol of the IFFD, the red colour symbolises the element of Fire and the blue symbolises the element of water.

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