Daily Current Affairs May 20

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs May 20. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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May 20| Daily Current Affairs 2022

Important Days – Daily Current Affairs May 20

1. World Bee Day is celebrated on?
A) May 19
B) May 20
C) May 16
D) May 18
E) May 15
Answer: B) May 20

• We celebrate World Bee Day on May 20 across the world.
• The United Nations decided to mark May 20 as World Bee Day to commemorate the birth anniversary of beekeeping pioneer Anton Jansa.
• The Government of Slovenia proposed the idea of celebrating May 20 as World Bee Day in 2016 with the support of Apimondia.

Theme:

• “Bee Engaged: Celebrating the diversity of bees and beekeeping systems”

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2. National Endangered Species Day was first observed in which year?
A) 2005
B) 1990
C) 2000
D) 2006
E) 2004
Answer: D) 2006

• National Endangered Species Day is celebrated every year on the third Friday of May and this year it is celebrated on 20 May.
• In 1960s and 1970s, a concern was raised over the wellbeing of animals.
• Due to this, the Endangered Species Act of 1973 came into existence on 28 December.
• National Endangered Species Day was founded and started by David Robinson and the Endangered Species Coalition in 2006.
• Since 2006 third Friday of May is observed as National Endangered Species Day.

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Sports – Daily Current Affairs May 20

3. Nikhat won World Boxing C’ships gold against player from which country?
A) Brazil
B) Germany
C) France
D) Indonesia
E) Thailand
Answer: E) Thailand

• India’s NikhatZareen becomes world champion in 52kg weight category after thrashing Thailand’s JutamasJitpong by unanimous decision (5-0).
• Held in Istanbul, Turkey.
• The Telangana boxer was playing her second World Championships.

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Banking and Finance – Daily Current Affairs May 20

4. RBI will pay how many crore dividend to govt for FY22?
A) Rs 30,307
B) Rs 30,703
C) Rs 30,370
D) Rs 30,730
E) Rs 30,037
Answer: A) Rs 30,307

• Reserve Bank of India (RBI) board has approved a dividend payment of Rs 30,307 crore to the government for the fiscal ended March 2022.
• The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 percent.
• The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das.
• Last year in May, RBI declared a dividend of Rs 99,122 crore for nine months (July 2020 to March 2021).
• The dividend was paid for that period as RBI aligned its financial year with the government’s financial year.

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5. BRICS bank to open India’s regional office in which of the following state?
A) Maharashtra
B) Madhya Pradesh
C) Gujarat
D) Assam
E) Bihar
Answer: C) Gujarat

• The New Development Bank (NDB) of the BRICS countries has announced plans to open its regional office in India at the Gujarat International Finance Tec-City (GIFT City) to cater to the infrastructure and sustainable development needs of the country.
• Working in close coordination with the NDB Headquarters, the Indian Regional Office will focus on project origination including initial project preparation and technical assistance, pipeline development, project implementation, and monitoring as well as regional portfolio management.

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6. Which of the following Bank, Amazon Pay collaborate to offer UPI payment services?
A) SBI
B) DBS Bank
C) Axis Bank
D) RBL Bank
E) Federal Bank
Answer: D) RBL Bank

• RBL Bank has collaborated with Amazon Pay and Amazon Web Services (AWS) to offer UPI payments.
• The partnership will allow the bank to tap Amazon Pay’s growing customer base and transaction volumes.
• The collaboration Amazon Pay will enable the lender to offer peer-to-peer and peer-to-merchant transactions.
• With this integration Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl, to RBL Bank.
• RBL Bank’s advanced cloud-based processing will offers an agile infrastructure resulting in an improved payments experience.
• Commenting on the collaboration, MahendraNerurkar, CEO and Vice President.
  This partnership with RBL Bank will allow users to pay anyone, anywhere, seamlessly, and instantly through UPI, enhancing their payment experience.

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Acquisitions and Mergers – Daily Current Affairs May 20

7. IDBI Bank to sell remaining how many percent stake in Ageas Federal Life Insurance?
A) 12%
B) 25%
C) 35%
D) 50%
E) 80%
Answer: B) 25%

• IDBI Bank has signed a share purchase agreement with Ageas Insurance International to sell its 25 per cent stake in Ageas Federal Life Insurance for ₹580.2 crore.
• Post the stake sale, Ageas will own 74 per cent stake in private sector Ageas Federal Life Insurance.
• It will be the first foreign investor to use the enhanced foreign direct investment cap of 74 per cent for the insurance sector.
• IDBI Bank has entered into a share purchase agreement with Ageas Insurance International NV on May 19, 2022, to sell its entire stake of 20,00,00,000 equity shares in Ageas Federal Life Insurance Company Limited (AFLI) pursuant to exercise of Call Option by Ageas.

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Appointments – Daily Current Affairs May 20

8. FIDIC appointedwho among the following as ambassador for Asia Pacific region?
A) KK Sanjay
B) KK Virat
C) KK Kapila
D) KK Bharat
E) KK Rajan
Answer: C) KK Kapila

• The International Federation of Consulting Engineers or FIDIC announced the appointment of K KKapila as its ambassador for the Asia Pacific Region for the current and next financial years.
• The Geneva-based FIDIC represents the consulting engineering industry which helps in the field of land surveys of highway and bridges, hydroelectric projects, irrigation projects, defense, gas and power projects and industrial projects among others.

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9. IndiGo AppointedWho among the following as CEO?
A) Pieter Elbers
B) Ronojoy Dutta
C) Pieter Ronojoy
D) Pieter Dutta
E) RonojoyElbers
Answer: A) Pieter Elbers

• InterGlobe Aviation, the parent company of low-cost carrier IndiGo, appointed Pieter Elbers as its new Chief Executivie Officer (CEO).
• MrElbers will join from October 1, 2022, the airline stated in a notification to exchanges.
• He succeeds Ronojoy Dutta, 71, who has decided to retire on September 30, 2022.

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International Affairs – Daily Current Affairs May 20

10. UN marked___ international day spotlighting women working in the maritime industry?
A) 3rd
B) 5th
C) 2nd
D) 4th
E) 1st
Answer: E) 1st

• The first-ever International Day for Women in Maritime kicked off its inaugural celebration with a seminar to “take stock and identify areas where improvement is needed”.
• “Women account for just 20 percent of the workforce in the maritime authorities of Member States and 29 percent across subsectors in the maritime industry,”
• International Maritime Organization (IMO) chief Kitack Lim told the virtual Symposium on Training-Visibility-Recognition: Supporting a barrier-free working environment for Women in Maritime.

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11. The world’s first airport for flying cars and drones has just landed in which of the following country?
A) Brazil
B) UK
C) USA
D) France
E) Canada
Answer: B) UK

• The UK has just opened the world’s first urban airport opened in the centre of a city.
• Electric drones and air taxis will be able to use the new port in Coventry.
• It’s planned to be the first of hundreds of city-centre zero-emission airports.
• If it’s a success, it will be the blueprint for hundreds more around the world.

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National Affairs – Daily Current Affairs May 20

12. First ever Bird Festival to be organized in which of the following state/UT to promote sustainable ecotourism?
A) Manipur
B) Meghalaya
C) Odisha
D) Jammu and Kashmir
E) Ladakh
Answer: D) Jammu and Kashmir

• A first of its kind, Bird Festival in the Union Territory of Jammu and Kashmir is going to be organized soon to promote sustainable ecotourism and give impetus to nature based alternative sources of livelihood to the local people.
• The Secretary, Tourism & Culture Jammu and Kashmir, Sarmad Hafeez the festival is tentatively being planned to be held in Pahalgam and Dachigaam areas.
• Besides the bird watching sessions, awareness camps and conservation drives, it would have pre festival bird watching trails for more than a month all across Jammu and Kashmir.

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13. Assam Rifles, Axis Bank and NIEDO join hands to establish Centre of Excellence in which of the following state?
A) Nagaland
B) Arunachal Pradesh
C) Manipur
D) Meghalaya
E) Mizoram
Answer: A) Nagaland

• Assam Rifles, Axis Bank and National Integrity and Educational Development Organisation (NIEDO) has signed a Memorandum of Understanding (MoU) to establish a Centre of Excellence and Wellness, to secure a better future for the youth of Nagaland.
• The programme would mentor and guide children and aid their future growth story as well as provide value-based education including soft skills training, critical life competencies, leadership training, personal conditioning, wellness programs, vocational training, personality development, and end to end grooming to aid them in becoming a productive human resource for the nation.

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14. Punjab Cabinet approvedhow many rupees per acre incentive for farmers adopting DSR?
A) 4000
B) 3000
C) 1500
D) 2000
E) 2500
Answer: C) 1500

• To promote Direct Seeding of Rice (DSR) technology for conserving underground water, the Punjab Cabinet led by chief minister Bhagwant Mann approved Rs 1500 per acre incentive to the farmers for sowing of paddy through this innovative technology.
• A sum of Rs 450 crore has been earmarked to provide incentive to the farmers for promotion of less water consuming and cost effective technology.
• It is estimated that the exercise will save nearly about 15-20 percent water as compared to the conventional puddling (kaddu) method during the life cycle of crops.
• As per estimates, last year the farmers had adopted DSR over 15 lakh acres area and with the present availability of implements, it can be increased to 30 lakh acres.
• Currently the water table is falling at a rate of 86 cm per year leading to a precarious situation, where no underground water will be available across the state in the coming 15-20 years.
• There has been concern at the fast depleting ground water mainly due to water guzzling traditional method of paddy transplantation.

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15. Education & household conditions improved remarkably in India, thanks to social schemes,the report released by who among the following?
A) SamantGoel
B) AK Gupta
C) Rajiv Gauba
D) Srivastava
E) Dr BibekDebroy
Answer: E) Dr BibekDebroy

• The State of Inequality in India Report has produced encouraging pictures of the country, saying education and household conditions have improved enormously due to targeted efforts of the Government of India through several social protection schemes, especially in the area of water availability and sanitation that have increased the standard of living.
• It has emphasised that education and cognitive development from the foundational years is a long-term corrective measure for inequality.
• This report is set to help formulate further reform strategies and roadmaps for social progress and shared prosperity.
• Recommendations like creating income slabs that provide class information, establishing universal basic income, creating jobs, especially among the higher levels of education and increasing the budget for social protection schemes have been made in the report.
• The report released by DrBibekDebroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM) and written by the Institute for Competitiveness, presents a holistic analysis of the depth and nature of inequality in India.
• The report compiles information on inequities across sectors of health, education, household characteristics and the labour market.
• As the report presents, inequities in these sectors make the population more vulnerable and triggers a descent in to multidimensional poverty.

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Over All Review

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