Business affairs

Buiseness current affairs

Question 1
Bangalore Metro Rail Corporation Limited and this company signed the Rs.580 crore contract to provide power supply for Phase II.
A
Siemens
B
Alstom
C
General Electric
D
Texas
Question 1 Explanation: 
Bangalore Metro Rail Corporation Limited (BMRCL) awarded Alstom a Rs.580 crore contract. The contract is to provide power supply and traction electrification for the 33-kilometre extension to Bangalore Metro under Phase II. This contract from BMRCL is Alstom's largest third-rail electrification contract in India. Phase II encompasses extension of Bangalore Metro's existing north-south and east-west corridors.






Question 2
This company has decided to invest $ 400 million dollars for over 40 % stake in BrainBees Solutions.
A
Uber
B
Alibaba Group
C
SoftBank
D
Sony Corporation
Question 2 Explanation: 
SoftBank has decided to invest $400 million for over 40 per cent stake in BrainBees Solutions, which owns and operates omni-channel baby and mother care product retailer FirstCry. SoftBank is valuing 8 years old Pune based venture, FirstCry at $600-700 million and planning to pick over 40 per cent stake whereas FirstCry Founder, Supam Maheshwari and Amitava Saha will retain 12-14 per cent stake. As per SoftBank officials the money will come in tranches linked to financial and business performance milestones. Morgan Stanley acted as the Financial advisor for this big deal.
Question 3
Which company launched an e-platform under Project ReWeave to help Handloom weavers?
A
IBM
B
Microsoft
C
Google
D
Infosys
Question 3 Explanation: 
Microsoft India launched a new e-commerce platform re-weave.in for handloom weavers under its Project ReWeave. his e-commerce platform will help connect artisans to buyers directly, enabling them to expand to newer customers and markets. Microsoft in association with the National Institute of Fashion Technology (NIFT) also curated a special curriculum in 'CAD and Color for Handloom Weaving' to provide digital training in handloom design. The company first entered the Indian market in 1990 and has since worked closely with the Indian government, the IT industry, academia and the local developer community to usher in some of the early successes in the IT market. Microsoft currently offices in the 9 cities of Ahmedabad, Bangalore, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, the NCR (New Delhi and Gurgaon) and Pune.






Question 4
The University of Washington and this company developed a storage device that can translate digital information into DNA.
A
Infosys
B
Microsoft
C
Google
D
IBM
Question 4 Explanation: 
Microsoft developed a storage device in partnership with the University of Washington that can translate digital information into DNA.The software used in the system converts the 1's and 0's of digital data into DNA sequence (A's, T's, C's and G's) and stored it as a liquid.The device converted the word 'Hello' into DNA which took 21 hours.
Question 5
Which Bank won the Aegis Graham Bell Award 2018 in 'Innovation in Data Science' category?
A
ICICI Bank
B
Kotak Mahindra Bank
C
IDBI Bank
D
Yes Bank
Question 5 Explanation: 
Aegis Graham Bell Award 2018 announced Yes Bank as the winner in 'Innovation in Data Science' category for their industry-first project 'Yes EEE (Engage Enrich Excel)' at Panaji, Goa. It was hosted by the Government of Goa. Aegis Graham Bell Awards (AGBA) Promotes innovations and entrepreneurship in the Information and Communication Technology (ICT) domain.






Question 6
Which among the company has received the Best Domestic Water Purifier Award 2018-19?
A
Aquaguard
B
Kent RO Systems
C
Pureit
D
Livpure
Question 6 Explanation: 
Kent RO Systems Pvt. Ltd. has received the Best Domestic Water Purifier Award 2018-19 for its RO+UV+UF technology at the Water Digest Water Awards function that was held in New Delhi. The Water Digest Water Awards are given jointly by the Ministry of Water Resources, River Development and Ganga Rejuvenation and UNESCO. Kent had also earlier received awards like Organization of the Year Awards 2017, Best Domestic Water Purifier Award 2016-17, and Asia's Most Promising Brand 2016.
Question 7
BSNL and this french company join hands to offer data services through SMS.
A
Altran
B
Keolis
C
Capgemini
D
Be-Bound
Question 7 Explanation: 
Indian state-owned telecommunications BSNL and French company Be-Bound had signed an agreement to become partners to provide data connectivity through SMS in areas where there is no Internet connectivity or signal breaks. BSNL Chairman and Managing Director Anupam Shrivastava informed that Be-Bound has been given patent and already developed this technology which will be embedded in mobile apps. This app used to send command to Be-Bound server if it does not get data connectivity for SMS-based connectivity. Be-Bound server will facilitate SMS connectivity after getting command from the app. The app will also send SMS from user's account because for connectivity .The limit of 100 SMS per day per subscriber which is sufficient for this service.






Question 8
Who has become the official partner of VIVO IPL 2019?
A
Ashok Leyland
B
Tata Motors
C
Hyundai
D
Vernalis
Question 8 Explanation: 
Vivo Indian Premier League (IPL) 2019's official partner, TATA Motors, will promote its newly-launched SUV, Harrier, as its lead brand at the event and showcase the SUV by means of the IPL platform. The highest batting strike rate will win the Harrier Super Striker Award in every match and for the season.
Question 9
Reserve Bank of India give a NOD to Bandhan Bank to acquire this company.
A
Gic Housing Finance
B
Repco Home Finance
C
Gruh Finance
D
Muthoot Finance
Question 9 Explanation: 
Reserve Bank of India provided no objection to Bandhan Bank for the proposed acquisition of Gruh Finance. Gruh Finance Limited is an Ahmedabad headquartered Subsidiary of HDFC Limited. It is a Housing Finance Company (HFC) recognized by the National Housing Bank (NHB) and it was taken over in January by Bandhan Bank in a share-swap deal. India's largest mortgage lender HDFC can hold 9.9% in the bank, according to its exchange filing. That's the maximum a non-banking finance company can own in a private bank. HDFC had sought approval for 14.96%.






Question 10
Which social network company launched the Hubs at 20 locations in India to support the start-up ecosystem in the country?
A
Facebook
B
Twitter
C
Instagram
D
Google
Question 10 Explanation: 
Facebook launched 'Facebook Hubs' at 20 locations in India to support the start-up ecosystem in the country. These hubs will help foster innovation and support for the community by hosting mentor hours and trainings, workshops, roundtable discussions. The company has partnered with co-working company 91springboard. These hubs will be part of a global network for training and mentoring facilities for start-ups, among others.
Question 11
Which Indian multinational steel manufacturing corporation received NCLT nod for taking over Essar Steel at Rs 42, 000 Crore?
A
Steel Authority of India Limited (SAIL)
B
Tata Steel
C
JSW Steel
D
ArcelorMittal
Question 11 Explanation: 
A resolution plan of Rs. 42, 000 crores submitted by ArcelorMittal for acquisition of Essar Steel Ltd. was approved by the Ahmedabad bench of the National Company Law Tribunal (NCLT). The approval has been granted 583 days after the beginning of insolvency proceedings, against the mandatory time period of 270 days.The resolution proposal submitted by ArcelorMittal's consists of providing capital to the company, worth Rs 8, 000 crore for improving operational efficiencies, increasing production and delivering higher profits.






Question 12
Name the defence company who signed a MoU with the Airports Authority of India to explore Air Traffic Management (ATM) solutions for airports operating under the UDAN Regional Connectivity Scheme.
A
SAAB
B
BAE Systems
C
Raytheon
D
EADS
Question 12 Explanation: 
Swedish aerospace and defence company SAAB signed a MoU with the Airports Authority of India (AAI) on 23 January 2019. The MoU was signed to explore Air Traffic Management (ATM) solutions for airports operating under the UDAN Regional Connectivity Scheme. SAAB's ATM solutions are now deployed in Ahmedabad, Amritsar, Guwahati, Jaipur, Lucknow, Chennai, Kolkata, Mumbai, New Delhi, and Cochin.
Question 13
Which company launched a new micro insurance plan Micro Bachat?
A
SBI Life Insurance
B
ICICI Prudential Life Insurance
C
Life Insurance Corporation of India
D
SBI Life Insurance
Question 13 Explanation: 
A new microinsurance plan 'Micro Bachat' was launched by the Life Insurance Corporation (LIC) of India. It provides coverage of up to 2 lakhs and is the first micro-insurance plan to do so. It provides both protection and savings and is a regular premium, non-linked, participating endowment microinsurance plan. In case a policyholder dies, this plan would provide financial assistance to the family. For surviving policyholders, a lump sum amount at the time of maturity shall be provided It can be availed only by standard healthy citizens in the age group of 18-55 years without undergoing any medical examination.






Question 14
Which company launches the scheme "SWAGAT"- the Automatic Fare Collection Gating System?
A
BEL
B
IOC
C
HAL
D
Bharat Petroleum
Question 14 Explanation: 
Bharat Electronics Limited (BEL), a defence public sector undertaking, presented SWAGAT - the Automatic Fare Collection Gating System. PM Narendra Modi launched the system as part of the inaugural of Phase-I of the Ahmedabad Metro. SWAGAT is an initiative steered by the Ministry of Housing and Urban Affairs (MoHUA) in collaboration with BEL and Centre for Development of Advanced Computing (CDAC) with the support of Delhi Metro Rail Corporation (DMRC), National Payment Corporation of India (NPCI) and State Bank of India (SBI).
Question 15
Along with which company, Apple jointly launched the Apple Card credit card for iPhones?
A
Goldman Sachs
B
Morgan Stanley
C
Citigroup
D
Barclays
Question 15 Explanation: 
Apple Inc & Goldman Sachs Group Inc jointly launched the Apple Card credit card for iPhones. The card is tied to Apple Pay, a service that allows people to load banking information and pay in store or use it for purchases online. Apple card is a virtual credit card that can be integrated into the Wallet app of the iPhone.






Question 16
This company has teamed up with the Indian Railways for fly ash transportation.
A
BHEL
B
NTPC
C
ONGC
D
IOC
Question 16 Explanation: 
State-run National Thermal Power Corporation Ltd. (NTPC) has teamed up with the Indian Railways for fly ash transportation. The partnership is to help enhance ash utilisation at Rihand and Vindhyachal Super Thermal Power plants. NTPC had signed a memorandum of understanding with Hazipur-based East Central Railway Zone for transportation of fly ash under Indian Railways' Special Freight Train Operator scheme.
Question 17
Which company has bagged a Rs 648 crore contract from AAI to build new airport at Rajkot, Gujarat?
A
Hindustan Construction Company
B
Adani Group
C
GMR Group
D
Reliance Infrastructure
Question 17 Explanation: 
Reliance Infrastructure (RInra) has bagged a Rs 648 crore contract from the Airport Authority of India (AAI) to build a new greenfield airport at Hirasar, in Rajkot district of Gujarat. The new airport is being constructed near National Highway-8B connecting Ahmedabad and Rajkot, nearly 36 km from the existing Rajkot Airport. The government recently approved development of the airport at an estimated cost of ₹1, 405 crore. The airport must be completed within 30 months from the date of issue of the contract.






Question 18
Which insurance company has overtaken Life Insurance Corporation of India, recently?
A
Max Life Insurance
B
Birla Sun Life Insurance
C
ICICI Prudential
D
HDFC Standard Life Insurance
Question 18 Explanation: 
Private life insurer Max Life Insurance has overtaken Life Insurance Corporation of India (LIC) to the best track record in terms of claims settlement for individual deaths in FY18. According to IRDAI's Annual Report 2017-18, Max Life settled 98.26 percent of individual death claims while LIC settled 98.04 percent.
Question 19
Along with which online payment company, ICICI Lombard aims to provide protection against unauthorized and fraudulent transactions online?
A
Paytm
B
Mobikwik
C
FreeCharge
D
PhonePe
Question 19 Explanation: 
ICICI Lombard and Mobikwik announced a strategic partnership to provide cyber-insurance cover. The relationship aims to provide protection against unauthorized and fraudulent transactions online, across bank accounts, debit and credit cards. and mobile wallets. MobiKwik users can avail the commercial cyber-insurance policy underwritten by ICICI Lombard and enjoy the benefit of stress-free and secured transactions. It can be availed at Rs 99 per month and with a sum insured of Rs 50, 000.






Question 20
..... and Hughes India signed an agreement for Helicopter SATCOM Solutions.
A
NALCO
B
DRDO
C
HAl
D
BEL
Question 20 Explanation: 
Navratna Defence PSU, Bharat Electronics Limited (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters under the Ministry of Defence, Government of India at Aero India 2019, Bengaluru. Director (Marketing), BEL, Ms Anandi Ramalingam and President, Hughes India Shri Partho Banerjee signed the MoU in the presence of Director (Other Units), BEL, Shri Nataraj Krishnappa.
Question 21
Which of the following company signed a deal of USD 1.5 billion to buy US crude oil?
A
Reliance Industries
B
Hindustan Petroleum
C
Indian Oil Corporation
D
Bharat Petroleum
Question 21 Explanation: 
Indian Oil Corporation(IOC), has signed its very first annual deal to buy U.S. crude oil, paying USD 1.5 billion for 60, 000 barrels a day beginning April 2019 to March 2020 to diversify its crude sources. IOCL is the first Indian state refiner to buy U.S. oil under an annual contract, in a deal that will also help boost trade between New Delhi and Washington.






Question 22
The Indian Air Force (IAF) ordered 40 Light Combat Aircraft (LCA) Tejas fighter from which of the company?
A
CADES Digitech
B
Kerns Aero Products
C
Boeing India Private Limited
D
Hindustan Aeronautics Limited
Question 22 Explanation: 
The Indian Air Force (IAF) ordered 40 Light Combat Aircraft (LCA) Tejas fighter from the Hindustan Aeronautics Ltd. (HAL). The State-run Hindustan Aeronautics Ltd (HAL) has rolled out its 16th Light Combat Aircraft (LCA) Tejas fighter in the initial operational clearance (IOC) configuration to be inducted into the fleet of the Indian Air Force (IAF).
Question 23
Which company joins with Universal Robots to Co-Create Robots for MSMEs?
A
Sastra Robotics
B
Milagrow
C
Grey Orange
D
Bharat Fritz Werner
Question 23 Explanation: 
Bharat Fritz Werner Ltd (BFW), a Bengaluru-based machining solution provider, has partnered with Universal Robots, a Danish robot maker and a leader in collaborative robots, to co-create robots for MSME sector. BFW and Universal Robots plan to redefine the production processes by deploying the robotic arms through modular, flexible and user-friendly integration solution platform - Arjun.






Question 24
Name the Aerospace company which launched Israels first moon lander Beresheet from Florida?
A
UAS Technologies
B
Boeing
C
SpaceX
D
ELTA Systems
Question 24 Explanation: 
Israel's first moon lander, the 585 kg "Beresheet"("Genesis"in Hebrew), was launched atop a Falcon 9 rocket from the private US-based SpaceX in Florida, United States. At a cost of USD 100 million, it is the lowest-budget spacecraft to ever undertake such a mission. It is part of renewed global interest in the Moon, sometimes called the "Eighth Continent"of the Earth. The project is funded almost entirely by donations making it the first privately backed lunar lander mission.It was notably financed by businessman and philanthropist Morris Kahn. Other partners include Israel Aerospace Industries (IAI), Israel's space agency and Israel's Ministry of Science and Technology. Beresheet carries a "time capsule"loaded with digital files containing a Bible, children's drawings, Israeli songs, memories of a Holocaust survivor and the blue-and-white Israeli flag. Landing is the main mission, but the spacecraft also carries a scientific instrument to measure the lunar magnetic field, which will help to understand of the Moon's formation.
Question 25
State Bank of India and this company jointly launched the 'Startup Grand Challenge' that focus on the issues related to cyber threat, analytics & rural healthcare.
A
TCS
B
Mahindra
C
TATA
D
Reliance
Question 25 Explanation: 
'Startup Grand Challenge' was also launched, which focus on the issues related to cyber threat, analytics & rural healthcare. The State Bank of India(SBI) & Mahindra Rise will provide mentoring, pilot opportunities & financial support to the winners of this challenge. The startup hub is launched based on the joint statement signed between the Korea Trade-Investment Promotion Agency (KOTRA) and Invest India.






Question 26
Which airlines recently resumed its services from New Delhi to the holy city of Najaf in Iraq after 25 years?
A
Go Air
B
Air Asia
C
IndiGo
D
Air India
Question 26 Explanation: 
Air India is resuming its services from New Delhi to the holy city of Najaf in Iraq after 25 years. Indian Ambassador to Iraq Dr Pradeep Rajpurohit said, the services will commence from the February 14, 2019.
Question 27
Which project has been launched by Union Government to study Apparel Consumption in India?
A
India Measure
B
India Size
C
India Apparel
D
India Outfit
Question 27 Explanation: 
In Mumbai, the India Size project has recently launched by the Union Minister of Textiles Smriti Irani. It's a first-of-its-kind project in the history of the country, which aims to arrive at a standard Indian Size for the ready-to-wear clothing industry, on the lines of the standardized sizes available in countries such as the USA, the UK and Mexican. A size chart that is specific to Indian consumers' measurements will be developed. The project is being undertaken by the Ministry of Textiles, in collaboration with The Clothing Manufacturers Association of India (CMAI). The Minister also launched a Study of Apparel Consumption in India. The report of this study would be ready for release by July 2019.






Question 28
With which Company did AstraZeneca, a Global biopharmaceutical major, to support Indian start-ups in healthcare?
A
TCS
B
Indeed
C
Nasscom
D
Accenture
Question 28 Explanation: 
AstraZeneca, a Global biopharmaceutical major, has joined hands with Nasscom, the IT industry body, to set up an accelerator programme to support Indian start-ups in healthcare. AstraZeneca and Nasscom will incubate start-ups in bringing solutions that can help in the management of non-communicable diseases. AstraZeneca PLC Chairman of the Board Leif Johansson said the firm was committed to strengthening innovation in healthcare.
Question 29
NIIT Technologies and ..... collaborated to accelerate the 'cloudification' of its enterprise clients.
A
IBM
B
Microsoft
C
Infosys
D
Google
Question 29 Explanation: 
NIIT Technologies has announced a global collaboration with Microsoft, to accelerate the 'cloudification' of its enterprise clients. The collaboration would focus on the comprehensive cloud needs of enterprises, from infrastructure to business applications. Both the companies have concluded a strategic Cloud Solution Provider (CSP) agreement that enables NIIT Technologies to directly manage the entire life cycle for its enterprise customers including, commercials and support and deliver integrated end-to-end solutions as a managed service on Azure platform.






Question 30
WhatsApp and this organisation join hands to tackle misinformation.
A
NASSCOM
B
Infosys
C
Synergos
D
AIMA
Question 30 Explanation: 
WhatsApp announced that it has tied up with NASSCOM Foundation, to tackle the challenge of misinformation. With this partnership, Whatsapp aims to reach approximately 100, 000 Indians with training to spot false information and provide tips and tricks to stay safe on WhatsApp. The company said that the co-created curriculum encourages people to be mindful about forwarding rumors. The training will include real-world anecdotes, tools which can be used to verify a forward and actions users can take like reporting problematic content to fact checkers and law enforcement also the curriculum will be disseminated in multiple regional languages.
Question 31
Two new India-specific tools "Candidate Connect"and "Share You Voted"was launched by;
A
NITI Aayog
B
Election Commission of India
C
Facebook
D
Google
Question 31 Explanation: 
Social Media giant, Facebook has launched two new India-specific tools viz. "Candidate Connect"and "Share You Voted"to boost civic engagement on its platform during the Lok Sabha elections 2019 that commence in April. Both these tools will be made available in 12 local languages. Candidate Connect feature will provide contesting candidates to upload 20 second videos in which they can introduce themselves and highlight how they will address outstanding challenges in their constituencies if elected to office. Voters will be able to watch these videos of candidates contesting from their respective constituencies and also from other constituencies. Candidate Connect feature aims to provide an opportunity for candidates to engage with the electorate.






Question 32
Which company bagged the International Sustainability Award - 'Green Era Award for Sustainability'?
A
Royal Enfield India
B
TVS Motor Company
C
Ashok Leyland
D
KTM
Question 32 Explanation: 
TVS Motor Company has recently bagged the International Sustainability Award - 'Green Era Award for Sustainability' in Lisbon, Portugal. The company also won the 'Quality and Business Excellence Award' in acknowledgment of its endeavor to create new benchmarks in product quality. The 'Green Era Award for Sustainability' was set up to recognize the true global exemplars who have been innovative and creative in pursuing the sustainable imperative. TVS Motor Company bagged the award because of its sincere commitment towards being a responsible manufacturer. The company has bagged this award for the second time.
Question 33
Which two car company signed an Agreement to Invest $300 million in Ola?
A
Suzuki and Ford
B
Toyota and Volkswagen
C
Volkswagen and Nissan
D
Hyundai and Kia
Question 33 Explanation: 
Hyundai Motor Group and Ola announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will invest a total of $ 300 million in Ola, making it their biggest combined investment to date. The agreement will see the three companies collaborate on developing fleet and mobility solutions, building India-specific electric vehicles and infrastructure, as well as nurturing opportunities and offerings for aspiring driver partners with customized vehicles on the Ola platform.
There are 33 questions to complete.

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