Daily Current Affairs Quiz 01 May 2021

Daily Current Affairs Quiz 01 May 2021

Daily Current Affairs Quiz 01 May 2021: Based on the Current Affairs and Important News of 01 May 2021 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 01 May 2021. 

  1. SHWAS and AROG are the two new loan products launched by which institution amid the fight against COVID-19?
    A) SBI
    B) SIDBI
    C) ADB
    D) World Bank
    View answer
    Option B
    Explanation:
    The Small Industries Development Bank of India (SIDBI), has launched two loan products for MSMEs to help them with required financial support in fight against the COVID-19 pandemic. The two new loan products are: SHWAS – SIDBI assistance to Healthcare sector in War Against Second wave of COVID19; AROG – SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic
  2. The TRIFED has recently signed an MoU with which organisation for the project ‘Sustainable Livelihoods For Tribal Households in India’?
    A) Bill & Melinda Gates Foundation
    B) UNICEF India
    C) The LINK Fund
    D) The Giving Pledge
    View answer
    Option C
    Explanation:
    Tribal Co-operative Marketing Federation of India (TRIFED), has entered into a Memorandum of Understanding (MoU) with The LINK Fund on April 29, 2021, for a collaborative project titled “Sustainable Livelihoods For Tribal Households in India”
  3. What is the global rank of Indian insurance major LIC in the 2021 Brand Finance Insurance 100 report, that measures most valuable insurance brand globally?
    A) 10
    B) 20
    C) 5
    D) 15
    View answer
    Option A
    Explanation:
    The state-owned insurance behemoth ‘Life Insurance Corporation (LIC)’ has emerged as the third strongest and the tenth most valuable insurance brand globally, in Brand Finance Insurance 100 report for 2021.The brand value of LIC increased by almost 7 percent to $8.65 billion in 2021.
  4. Reserve Bank of India (RBI) has joined the Central Banks and Supervisors ‘Network for Greening the Financial System (NGFS)’  as member. Where is the Secretariat of NGFS located?
    A) Geneva
    B) London
    C) Rome
    D) Paris
    View answer
    Option D
    Explanation:
    On 23 April 2021, the Reserve Bank of India (RBI) joined the Central Banks and Supervisors ‘Network for Greening the Financial System (NGFS)’ as a Member.
  5. What was the profession of Rohit Sardana, who has passed away recently?
    A) Author
    B) Journalist
    C) Economist
    D) Sportsperson
    View answer
    Option B
    Explanation:
    Renowned TV journalist and news anchor, Rohit Sardana, has passed away, due to heart attack, following the deadly COVID-19 infection. The young journalist was just 41-year-old.
  6. DEFENDER-Europe 21 is multinational military exercise being held under the leadership of US Army with which organisational group?
    A) European Union
    B) OPEC
    C) NATO
    D) G-20
    View answer
    Option C
    Explanation:
    The US-Army led multinational, joint exercise ‘DEFENDER-Europe 21’ has kicked off, in Albania on April 26, 2021 and will be conducted in more than 30 training areas in 12 countries during April, May and June, including Western Balkan countries. The annual US-led military exercises will be comprising of 28,000 forces from 26 nations, including the United States, NATO countries and their allies.
  7. Name the MD & CEO of Axis Bank who has been re-appointed for 3 more years on the post by bank board?
    A) Amitabh Chaudhry
    B) Sandeep Bakhshi
    C) Aditya Puri
    D) Sashidhar Jagdishan
    View answer
    Option A
    Explanation:
    Amitabh Chaudhry has been re-appointed as the Managing Director and CEO of the private sector lender Axis Bank for three more years by bank board. His second 3 years term will begin with effect from January 1, 2022, up to December 31, 2024. 
  8. When is the International Workers’ Day commemorated?
    A) First Saturday of May
    B) May 1
    C) Last Friday of April
    D) April 30
    View answer
    Option B
    Explanation:
    The International Workers’ Day is observed annually on May 1 to honour the contributions of the labourers or working class people.
  9. ‘Ping An Insurance’ has emerged as the world’s most valuable insurance brand in Brand Finance Insurance 100 report for 2021. The company belongs to which country?
    A) France
    B) China
    C) Italy
    D) Japan
    View answer
    Option B
    Explanation
    :Chinese firm ‘Ping An Insurance’ emerged as the world’s most valuable insurance brand, despite recording a 26 percent drop in brand value in 2021 over previous year.
  10. Shri Soli Sorabjee who has passed away recently was a former ___________ of India
    A) Chief of the Army Staff
    B) Chief Election Commissioner
    C) Attorney General
    D) Chief Justice of India
    View answer
    Option C
    Explanation:
    Former Attorney General of India, Soli Sorabjee, has passed away, battling Covid-19. He was 91. Sorabjee served as the Solicitor General of India from 1977 to 1980 and became the Attorney General of India for the first time from 1989 to 1990 and then from 1998 to 2004.

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