3 May MCQ : Current Affairs Quiz 3rd May 2022
In this article, we will discuss all the important Current Affairs MCQ of 3 May with full explanations. Where we will discuss the daily current affairs quiz’s questions and answers. So read all the important 3 May MCQs carefully.
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Current Affairs Quiz / 3 May MCQ Current Affairs
3 May Current Affairs MCQ – Questions
1. IRDAI allows Insurance Companies to Invest up to _____ % of assets in the BFSI sector.
(a)30%
(b)50%
(c)70%
(d)90%
Latest 1 April MCQ Current Affairs
2. PM Narendra Modi has inaugurated Semicon India Conference 2022 in which city?
(a)Itanagar
(b)Bangalore
(c)Gandhinagar
(d)Jaipur
3. How many countries has the US included in its annual “Priority Watch List”?
(a)3
(b)5
(c)7
(d)9
4. Fidypay Partners with which bank to promote Financial Inclusion?
(a)YES Bank
(b)HDFC Bank
(c)PNB
(d)SBI
5. Indian Oil Corporation (IOC) rolled out M15 petrol on a pilot basis in which state?
(a)Kerala
(b)Bihar
(c)Odisha
(d)Assam
6. Which bank issues Guidelines on Compensation of KMPs & Senior Management in NBFCs?
(a)PNB
(b)SBI
(c)ADB
(d)RBI
7. On which Press Freedom Day or World Press Freedom Day is observed?
(a)1st May
(b)2nd May
(c)3rd May
(d)4th May
8. PV Sindhu has won _____ medal in Asian Badminton Championships in Manila.
(a)Gold
(b)Silver
(c)Bronze
(d)None of the above
9. Who was appointed as MD & CEO of Shivalik Small Finance Bank?
(a)AK Goel
(b)Vinod Rai
(c)Anshul Swami
(d)Prashant Kumar
10. Which state govt. has approved the ‘Gene Bank’, a first-of-its-kind project in India?
(a)Kerala
(b)Maharashtra
(c)Odisha
(d)Assam
11. Which bank has launched India’s first comprehensive ‘open-for-all’ digital ecosystem for MSME?
(a)ICICI Bank
(b)Axis Bank
(c)HDFC Bank
(d)Canara Bank
12. Who launched the ‘Mandate Document’ for National Curriculum Framework?
(a)Piyush Goyal
(b)Nitin Gadkari
(c)Dharmendra Pradhan
(d)Nirmala Sitharaman
13. Which state Govt Launched‘ Mukhyamantri Mitaan Yojana’ – a Scheme For Doorstep Delivery of Public Services?
(a)Nagaland
(b)Punjab
(c)Rajasthan
(d)Chhattisgarh
14. World Asthma Day is observed every year on which day?
(a)1st Saturday of May
(b)1st Sunday of May
(c)1st Monday of May
(d)1st Tuesday of May
15. ____ became the first public sector bank to go live on the Account Aggregator framework.
(a)Reserve Bank of India
(b)State Bank of India
(c)Union Bank of India
(d)None of the above
3 May MCQs – Answers
1. (a)
Irdai allows insurance companies to invest up to 30% of assets in the BFSI sector. The exposure limit for financial and insurance activities will now stand at 30% of investment assets for all insurers. Investment in housing financing companies and infrastructure financing companies will be a part of this.
2. (b)
The Semicon India Conference-2022 will be inaugurated by Prime Minister Narendra Modi. Bengaluru will host this three-day conference. According to a Ministry of Electronics and Information Technology (MeitY) statement, the three-day conference is being held to advance Prime Minister Narendra Modi’s objective of making India a leader in electronics manufacturing, semiconductor design, production, and innovation.
3. (c)
The United States placed India, China, Russia, and four other countries on its annual ‘Priority Watch List for intellectual property protection and enforcement. The other countries that have been put on the list issued by the Office of the US Trade Representative are Argentina, Chile, Indonesia, and Venezuela. All seven countries on this year’s list were on last year’s, too.
4. (a)
FidyPay, a financial technology (fintech) API platform, has partnered with Yes Bank to offer Yes Bank customers with seamless connected banking experience. FidyPay will also serve as the solution provider for Unified Payments Interface (UPI) services.
5. (d)
With a 15 percent blend of methanol with petrol, Indian Oil Corp (IOC) rolled out M15 petrol on a pilot basis in Assam’s Tinsukia district. In the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya, Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol. Teli said that blending fuel with methanol will provide respite from the rising prices.
6. (d)
The Reserve Bank of India (RBI) has issued Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs. This shall come into force on April 1, 2023. However, these will not be applicable to Base Layer and Government-owned NBFCs.
7. (c)
World Press Freedom Day is celebrated annually on May 3. According to UNESCO, the day dedicated to press freedom highlights the importance of governments and people around the world upholding their commitment to press freedom. The day also serves as a day for media workers to reflect on issues of press freedom and ethical standards.
8. (c)
Double Olympic medallist P V Sindhu ended her Badminton Asia Championships campaign with a bronze medal after going down fighting to Japan’s Akane Yamaguchi in three games. This is Sindhu’s second medal in the tournament, she had claimed a bronze in the 2014 Gimcheon edition.
9. (c)
Anshul Swami was appointed as the Managing Director(MD) and Chief Executive Officer (CEO) of the Shivalik Small Finance Bank with effect from 26th April 2022. He replaces Suveer Kumar Gupta the co-founder of the bank who led its transition from an urban co-operative bank to a small finance bank.
10. (b)
Maharashtra Cabinet approved the ‘Maharashtra Gene Bank’, a first-of-its-kind project in India. To conserve genetic resources in Maharashtra including marine diversity, seeds of local crops, and animal diversity. In the next five years, an amount of Rs 172.39 crores will be spent on these seven focus areas.
11. (a)
ICICI Bank has launched India’s first ‘open-for-all’ comprehensive digital ecosystem for all Micro, Small, and Medium Enterprises (MSMEs) in the country, which can also be used by the customers of other banks. Anyone can use the benefits of digital solutions on the InstaBIZ app.
12. (c)
Guidelines for the Development of the National Curriculum Framework (NCF)’ were released by the Union Education Minister Dharmendra Pradhan. Launching the document, the union education minister remarked that the National Education Policy 2020 is the ‘Philosophy’, National Curriculum Framework is the ‘Pathway’ and the mandate document released by him is the ‘Constitution’ to champion the changing demands of the 21st century and impact the future positively.
13. (d)
The Chief Minister of Chhattisgarh Bhupesh Baghel launched ‘Mukhyamantri Mitaan Yojana’ (Mitaan stands for a friend), which will be implemented on a pilot basis in 14 municipal corporations including the cities like Raipur, Durg, Bilaspur and Rajnandgaon in Chhattisgarh.
14. (d)
World Asthma Day is celebrated on the first Tuesday of May. This year, World Asthma Day falls on 3 May. The day is set aside to raise awareness about asthma and how those battling the condition can best equip themselves. It is a long-term inflammatory disease that affects the airways of the lungs and can cause symptoms such as wheezing, coughing, chest tightness, and shortness of breath.
15. (c)
Union Bank of India became the first public sector bank to go live on the Account Aggregator (AA) ecosystem. The framework facilitates sharing of financial information on a real-time basis between regulated entities.
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