9, 10 May 2020 2020 Current Affairs MCQs, Quiz, Questions: Current Affairs for May 2020, Daily Multiple Choice Questions (MCQs) for India GK, World GK and current affairs with Collection of daily objective type Question by www.Indiagk.net based on General Knowledge (GK) and General Science (GS) Questions for UPSC, State PSC, SSC, Police exam, Railway exam, SBI, Bank PO, IBPC, SSC, LDC, UDC, Army, Airforce, Navy, Coast Guard, Bank Clerk, TET and all entrance examination with current affairs News, Multiple Choice Questions (MCQs) available on Website www.IndiaGK.net and Android Apps with daily updates:.
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Current Affairs Questions on 9, 10 May 2020 :
Which entity recently snatched most-profitable tag from Reliance after 6 years?
A. HDFC Bank
B. ONGC
C. TCS
D. ITC
Answer: C
Explanation: Reliance Industries (RIL) has lost the tag of India's highest profit-making company to Tata Consultancy Services (TCS). At Rs 8,049 crore, TCS’ reported profit after tax (PAT) during the January-March 2020 quarter was ahead of RIL’s reported PAT of Rs. 6,348 crore during the same quarter. RIL reported a sharp 39% year-on-year decline in net profit during the quarter, thanks to inventory losses due to a sharp fall in crude oil prices.
Which Indian state has passed ordinance to suspend most of labour laws for 3 years?
A. Bihar
B. Kerala
C. Uttar Pradesh
D. Punjab
Answer: C
Explanation: The Uttar Pradesh(UP) government has passed an ordinance ‘Uttar Pradesh Temporary Exemption from Certain Labour Laws Ordinance, 2020’, to suspend most of the labour laws for 3 years, where all factories & manufacturing establishments will be exempt from existing labour laws except few.
Which Telecom company sold 2.2.% stake to US based Vista Equity Partners?
A. Reliance Jio
B. BSNL
C. Bharti Airtel
D. Vodaphone-Idea
Answer: A
Explanation: As per the Reliance Industries Limited’s statement, the US-based private equity firm Vista Equity Partners to buy 2.32% stake in Reliance’s Jio Platforms, for Rs 11,367 crore which will make Vista the largest investor in Jio Platforms after Reliance Industries and Facebook. After this investment, Jio platforms will have an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.........Check More at INDIA GK" App: tinyurl.com/IndiaGK
A. HDFC Bank
B. ONGC
C. TCS
D. ITC
Answer: C
Explanation: Reliance Industries (RIL) has lost the tag of India's highest profit-making company to Tata Consultancy Services (TCS). At Rs 8,049 crore, TCS’ reported profit after tax (PAT) during the January-March 2020 quarter was ahead of RIL’s reported PAT of Rs. 6,348 crore during the same quarter. RIL reported a sharp 39% year-on-year decline in net profit during the quarter, thanks to inventory losses due to a sharp fall in crude oil prices.
Which Indian state has passed ordinance to suspend most of labour laws for 3 years?
A. Bihar
B. Kerala
C. Uttar Pradesh
D. Punjab
Answer: C
Explanation: The Uttar Pradesh(UP) government has passed an ordinance ‘Uttar Pradesh Temporary Exemption from Certain Labour Laws Ordinance, 2020’, to suspend most of the labour laws for 3 years, where all factories & manufacturing establishments will be exempt from existing labour laws except few.
Which Telecom company sold 2.2.% stake to US based Vista Equity Partners?
A. Reliance Jio
B. BSNL
C. Bharti Airtel
D. Vodaphone-Idea
Answer: A
Explanation: As per the Reliance Industries Limited’s statement, the US-based private equity firm Vista Equity Partners to buy 2.32% stake in Reliance’s Jio Platforms, for Rs 11,367 crore which will make Vista the largest investor in Jio Platforms after Reliance Industries and Facebook. After this investment, Jio platforms will have an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.........Check More at INDIA GK" App: tinyurl.com/IndiaGK
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