22-24 April 2020 Current Affairs

Jio-Facebook deal | Israel Emergency Coalition | Covid India Seva | Tom & Jerry | Lebanon |

Posted on Apr 24, 2020 09:36 IST in Current Affairs.

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1) In the biggest foreign investment in India’s technology sector, social media giant Facebook Inc. picked up 9.9% stake in Mukesh Ambani-led Reliance Jio, as was announced on 22 April 2020. What is the total enterprise value of Jio after this deal? - $65.95 billion (Facebook and Jio made a big announcement on 22 April 2020 in which Facebook said that it was investing $5.7 billion in Reliance Jio, acquiring 9.99% stake in the process and valuing Jio at $65.95 billion. This deal is the largest foreign direct investment (FDI) in India’s technology sector. This deal came at a time when Mukesh Ambani’s flagship Reliance Industries Limited (RIL) is battling the impact of the coronavirus pandemic and a slump in demand for crude oil. It is believed that the whole partnership is aimed at making WhatsApp, which is owned by Facebook, a sort of super app where users will not only be able to chat but will also be able to do so much in every sphere, be it buying groceries, cinema tickets or booking a cab)

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2) Israeli Prime Minister Benjamin Netanyahu on 20 April 2020 entered into agreement with which opposition politician to form an emergency coalition government? - Benny Gantz (Benjamin Netanyahu and his election rival Benny Gantz signed an agreement to form an emergency coalition government after holding three consecutive elections in over a year. According to the agreement, Netanyahu, who is under criminal indictment in three corruption cases, will remain prime minister for 18 months after which Gantz will replace him)

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3) The price of US crude oil on 20 April 2020 fell below $0 at one time, which was the weakest level since New York Mercantile Exchange opened oil futures trading in 1983. What were the main reasons for this historic low price? – Reduced demand for oil and negligible storage capacity for crude (The US crude on 20 April 2020 fell below $0 to $-1.43 at one point. The main reason for this historic fall was heavy reduction in demand for oil due to ongoing coronavirus pandemic and oil producers running out of places to store all their excess barrels)

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4) What is the name of an interactive platform on Covid-19 that was launched on 21 April 2020 by Union Minister of Health and Family Welfare Dr. Harsh Vardhan, which primarily aims at providing real time solutions to Covid-19 related queries? - Covid India Seva (Covid India Seva is the name of the interactive platform on Covid-19 launched by the Union Health and Family Welfare Ministry on 21 April 2020. Indian citizens can post their queries to the twitter handle of the platform for getting swift replies from the team of trained experts. This initiative is aimed at enabling transparent e-governance delivery at large scales especially in crisis situations like the ongoing COVID-19 pandemic)

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5) What was the name of the Oscar-winning illustrator and animation filmmaker known for directing cartoon shows 'Tom and Jerry' and 'Popeye The Sailor', who passed away during April 2020? - Gene Deitch (Gene Deitch was a renowned illustrator and animation filmmaker and had directed shows like 'Tom and Jerry' and 'Popeye The Sailor'. He was an American-born Czech illustrator was 95 when his passed away unexpectedly in his apartment on 16 April 2020)

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6) Which country became the first Arab country to legalize cannabis farming? – Lebanon (Lebanon became the first Arab country to legalize cannabis farming in the hopes that sales from the plant will provide some relief to its debt-ridden economy. On 22 April 2020 the Lebanese parliament passed legislation legalizing marijuana cultivation for medicinal and industrial purposes. Recreational use of marijuana will remain illegal. After Morocco and Afghanistan, Lebanon is the third-largest source of cannabis resin worldwide)

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