Directions: Study the following questions carefully and answer the questions given below.
1
Which of the following companies has recently tied up with Oriental Bank of Commerce to offer loans for purchase of equipment under a co-lending arrangement?
» Explain it
D
Srei Equipment Finance Limited (Srei Equipment), a wholly owned subsidiary of Srei Infrastructure Finance Limited (Srei), and Oriental Bank of Commerce on Monday announced a strategic alliance to offer loans for purchase of equipment under a co-lending arrangement.

iQuippo, a Kanoria Foundation initiative, would facilitate the sourcing of loans under this programme.

The partnership would allow Srei Equipment and Oriental Bank of Commerce to collaborate, co-operate and widen their respective markets and customer base. Financing of construction, mining and allied equipment (CME), medical equipment, commercial vehicles and farm equipment would be covered under this arrangement.

Hence, the correct answer is option D.

For the complete information kindly visit given link:

https://www.thehindu.com/business/Industry/srei-equipment-ties-up-with-obc-to-offer-loans-for-equipment-purchase/article27266990.ece
2
Which of the following organizations has recently recognized 'burn-out' as medical condition and 'gaming disorder' as illness?
» Explain it
A
The World Health Organization has for the first time recognised “burn-out” in its International Classification of Diseases (ICD) which is widely used as a benchmark for diagnosis and health insurers.

The decision, reached during the World Health Assembly in Geneva, which wraps up on Tuesday, could help put to rest decades of debate among experts over how to define burn-out, and whether it should be considered a medical condition.

Hence, the correct answer is option A.

For the complete information kindly visit given link:

https://www.thehindu.com/sci-tech/health/who-recognises-burn-out-as-medical-condition/article27262939.ece
3
Which one of the following has recently launched Trade AI Engine, developed in partnership with IBM?
» Explain it
D
Standard Chartered announces the official launch of the Trade AI Engine, a joint solution developed in partnership with IBM which aims to enhance the client experience in trade document processing through increased operational efficiency and strengthened operational control.

At present, the solution is live in key markets across Asia, Africa and the Middle East, with more markets across the Bank’s footprint to follow.

The Trade AI Engine enables conversion of non-digital shipping documents into machine-readable format enabled by Optical Character Recognition (OCR). In addition, it identifies and classifies document types from an initial pre-defined database.

Hence, the correct answer is option D.

For the complete information kindly visit given link:

https://financefeeds.com/standard-chartered-launches-trade-ai-engine-developed-in-partnership-with-ibm/
4
The Reserve Bank of India has recently constituted a committee under chairmanship of which person for Housing Finance Securitisation Market?
» Explain it
D
The Reserve Bank of India (RBI) constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it.

The mortgage securitisation market in India is primarily dominated by direct assignments among a limited set of market participants on account of various structural factors impacting both the demand and the supply side, as well as certain prudential, legal, tax and accounting issues.

The six-member committee on the development of housing finance securitisation market, headed by Bain & Co Senior Advisor Harsh Vardhan, has also been asked to assess the role of various counterparties, including the servicers, trustees, rating agencies, in the securitisation process and suggest measures required.

Hence, the correct answer is option D.

For the complete information kindly visit given link:

https://www.livemint.com/industry/banking/rbi-sets-up-committee-for-development-of-housing-finance-securitisation-market-1559147513058.html
5
Which of the following Indian shooters has recently won the gold in 25m Pistol event at the ISSF World Cup 2019 in Munich?
» Explain it
D
Rahi Sarnobat booked an Olympic quota place for India with a gold in women's 25m pistol event but it was teenager Saurabh Chaudhary who stole the limelight by setting a new world record en route to a yellow metal at the season's third ISSF World Cup in Munich.

Saurabh bagged his second World Cup gold of the year in men's 10m Air Pistol event, shattering both the senior and junior world records in the process.

India now top the Munich World Cup medals tally with three gold. China are second with one gold, one silver and three bronze medals.

Asian Games champion Rahi clinched her career's second World Cup gold, which helped India win its sixth quota place in shooting for 2020 Tokyo Olympics.

Hence, the correct answer is option D.

For the complete information kindly visit given link:

https://www.indiatoday.in/sports/other-sports/story/issf-shooting-world-cup-munich-2019-rahi-sarnobat-saurabh-chaudhary-gold-1536094-2019-05-27


Important Current Affairs Questions and Answers: 31st May 2019
 
1. Karnataka approved the Rs 93 crore cloud-seeding programme.
(Today’s Current Affairs PDF of 31st May 2019)

The Karnataka cabinet approved a cloud seeding programme, to be implemented in June, following reports that there would be deficit rainfall in the state.

Rural Development Minister Krishna Byre Gowda told reporters here that his department has called a tender for two years for cloud seeding at a cost of Rs 88 crore. The cabinet approved the proposal for Rs 93 crore, as the bidder quoted Rs 91 crore, he said, adding the amount also includes Rs two crore lump sum grant for the department.

2. Suresh Kumar was appointed as new CTO of Walmart.
(Top 10 MCQs on Current Affairs of 31st May 2019)

US-based retail chain Walmart said it has appointed Suresh Kumar, an IIT Madras graduate and former Google executive, as chief technology officer and chief development officer.

He will directly report to President and Chief Executive Officer Doug McMillon, Walmar said in a statement.

The appointment comes at a time when Walmart is transforming its customer and associate experiences.

He brings over 25 years of technology leadership experience coming from Google, Microsoft, Amazon and IBM, it said.

3. Meghalaya launched a new project to boost medicinal plant cultivation.
(Latest Current Affairs Quiz of 31st May 2019)

Meghalaya Chief Minister Conrad K Sangma on Monday launched a new project to boost the cultivation of medicinal and aromatic plants.

Sangma also inaugurated a processing unit of essential oils here on this occasion.

4. Seed Mother won third prize in the international section of Nespresso Talents in 72nd annual Cannes Film Festival.
(Important Current Affairs Quiz of 31st May 2019)

An Indian filmmaker, Achyutanand Dwivedi, made amends for his nation’s disappointing no-show in the 72nd Cannes Film Festival.

His three-minute film, Seed Mother, won the third prize in the international section of Nespresso Talents 2019 in Cannes on Friday night.

Held annually as part of the Cannes Critics’ Week to encourage new perspectives in filmmaking, Nespresso Talents is now in its fourth year. It is a contest limited to films shot in a vertical 9/16 video format.

5. SpiceJet has become the fourth Indian Airline to have 100 aircraft fleet.
(Daily Current Affairs Capsule of 31st May 2019)

Budget airline SpiceJet has added a new Boeing 737 aircraft to its fleet, taking its total strength to 100 aircraft. SpiceJet is the fourth domestic airline to have 100 aircraft in its fleet, after Air India, IndiGo, and the now grounded Jet Airways. Its fleet now comprises of 68 Boeing 737s, 30 Bombardier Q-400s and two Boeing 737 freighter aircraft, SpiceJet said in a statement. The airline operates 575 average daily flights to 62 destinations - 53 domestic and nine international. The airline says it has added 23 planes and over 100 new flights over the past one month. SpiceJet had placed a $22 billion order for 205 aircraft planes with Boeing in 2015 and had followed it up with a $1.7 billion order for 50 Bombardier Q400 planes.

6. Rahi Sarnobat won the gold in 25m Pistol event at the ISSF World Cup 2019 in Munich.
(Top 10 Objective Current Affairs Quiz of 31st May 2019)

Rahi Sarnobat booked an Olympic quota place for India with a gold in women's 25m pistol event but it was teenager Saurabh Chaudhary who stole the limelight by setting a new world record en route to a yellow metal at the season's third ISSF World Cup in Munich.

Saurabh bagged his second World Cup gold of the year in men's 10m Air Pistol event, shattering both the senior and junior world records in the process.

India now top the Munich World Cup medals tally with three gold. China are second with one gold, one silver and three bronze medals.

Asian Games champion Rahi clinched her career's second World Cup gold, which helped India win its sixth quota place in shooting for 2020 Tokyo Olympics.

7. The Reserve Bank of India has constituted a committee under chairmanship of Harsh Vardhan.
(Latest Current Affairs Quiz of 31st May 2019)

The Reserve Bank of India (RBI) constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it.

The mortgage securitisation market in India is primarily dominated by direct assignments among a limited set of market participants on account of various structural factors impacting both the demand and the supply side, as well as certain prudential, legal, tax and accounting issues.

The six-member committee on the development of housing finance securitisation market, headed by Bain & Co Senior Advisor Harsh Vardhan, has also been asked to assess the role of various counterparties, including the servicers, trustees, rating agencies, in the securitisation process and suggest measures required.

8. Standard Chartered launched Trade AI Engine, developed in partnership with IBM.
(Most Important Current Affairs of 31st May 2019)

Standard Chartered announces the official launch of the Trade AI Engine, a joint solution developed in partnership with IBM which aims to enhance the client experience in trade document processing through increased operational efficiency and strengthened operational control.

At present, the solution is live in key markets across Asia, Africa and the Middle East, with more markets across the Bank’s footprint to follow.

The Trade AI Engine enables conversion of non-digital shipping documents into machine-readable format enabled by Optical Character Recognition (OCR). In addition, it identifies and classifies document types from an initial pre-defined database.

9. World Health Organization (WHO) recognized 'burn-out' as medical condition and 'gaming disorder' as illness.
(Current Affairs in Short of 31st May 2019)

The World Health Organization has for the first time recognised “burn-out” in its International Classification of Diseases (ICD) which is widely used as a benchmark for diagnosis and health insurers.

The decision, reached during the World Health Assembly in Geneva, which wraps up on Tuesday, could help put to rest decades of debate among experts over how to define burn-out, and whether it should be considered a medical condition.

10. Srei Equipment Finance tied up with Oriental Bank of Commerce to offer loans for purchase of equipment under a co-lending arrangement.
(Current Affairs and GK Questions and Answers of 31st May 2019)

Srei Equipment Finance Limited (Srei Equipment), a wholly owned subsidiary of Srei Infrastructure Finance Limited (Srei), and Oriental Bank of Commerce on Monday announced a strategic alliance to offer loans for purchase of equipment under a co-lending arrangement.

iQuippo, a Kanoria Foundation initiative, would facilitate the sourcing of loans under this programme.

The partnership would allow Srei Equipment and Oriental Bank of Commerce to collaborate, co-operate and widen their respective markets and customer base. Financing of construction, mining and allied equipment (CME), medical equipment, commercial vehicles and farm equipment would be covered under this arrangement.
____________________

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We at www.smartkeeda.com provide you with top 31st May. 2019, 31 May Current Affairs Questions and Answers of the day with their detailed explanation with hints to remember GA facts and figures.
 
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