Weekly CA Quiz: September 2017 2nd week

Explanation: Aadhaar authority UIDAI Chief Executive Ajay Bhushan Pandey has been given additional charge as chairman of the Goods and Services Tax Network (GSTN).

Explanation: Viveck Goenka, Chairman and Managing Director of the Express Group, and N. Ravi, former Editor-in-Chief of The Hindu, were unanimously elected Chairman and Vice Chairman of Press Trust of India, the country’s largest news agency.

Explanation: Noted south Indian actor of yesteryear R N Sudarshan has passed away.

Explanation: India Wrestler Sonam Malik won a gold medal by defeating Japanese Wrestler Sena Nagamoto by 3-1 points on the fourth-day of Cadet World Wrestling Championship in Athens.

Explanation: Birmingham has been named as the British government’s choice to host the 2022 Commonwealth Games.

Explanation: The present Chief Coach of India senior women Hockey Team, Waltherus Norbertus Maria Marijne is appointed as the Chief Coach of Indian Senior Men Hockey Team.

Explanation: Punjab National Bank and state-run firm BSNL have teamed up to roll out open mobile wallet Speedpay across 10 states in the country.

Explanation: The Army has finalised a plan to induct approximately 800 women in the military police. The decision to induct women would help in investigating allegations of gender specific crimes. This comes after Nirmala Sitharaman became India’s second woman Defence Minister earlier this week.

Explanation: According to a study, Parali I island in the Union Territory of Lakshadweep, part of Bangaram atoll, which had an area of 0.032 sq.km in 1968 has been completely eroded, resulting in its inundation.

Explanation: The Financial Resolution and Deposit Insurance Bill, 2017 has been referred to a Joint Parliamentary Committee of both the Houses, under the Chairpersonship of Shri Bhupender Yadav, M.P for examination and presenting a Report to the Parliament.

Explanation: State-run Bharat Petroleum Corporation (BPCL) is all set to become a Maharatna company. The oil marketing company is at present a Navratna firm. At present, there are seven Maharatna companies — Bharat Heavy Electricals, Coal India, GAIL (India), Indian Oil Corporation, NTPC, Oil and Natural Gas Corporation and Steel Authority of India.

Explanation: The Defence Research and Development Organisation (DRDO) twice successfully flight tested Indias indigenously developed third generation Anti Tank Guided Missile (ATGM) ‘Nag’ in Rajasthan.

Explanation:United States banking regulator has shut down operations of Pakistan’s Habib Bank (HBL) in New York after almost 40 year.

Explanation: Researchers at Cardiff University Scientists have created methanol from methane using oxygen from the air, in an ‘outstanding’ breakthrough.

Explanation:Indian squash player Harinder Pal Sandhu won his 21st international game on the trot and his fifth consecutive title, winning the Malaysian Squash Tour X event in Kuala Lumpur.

Explanation: The World Health Organisation (WHO) has told the South East Asian countries to integrate their national plans and mobilise and utilise resources efficiently to reach the Tuberculosis elimination target of 2030.

Explanation: England’s top tier football club Tottenham Hotspur has unveiled the world’s first-ever dividing retractable pitch at its new stadium. The retractable grass football pitch will sit on top of an artificial pitch which will be used by American football league NFL

Explanation: Sikkim Chief Minister Pawan Chamling was honoured for his pioneering work in the field of organic farming during a ceremony at Germany’s Lagau on the occasion of the One World Festival.

Explanation: Regulator Irdai has permitted usage of OTP or one time password for opening e-insurance account (eIA) as an alternative to electronic signature.

Explanation: Amazon opened its largest fulfilment centre in India on the outskirts of Hyderabad, near the Rajiv Gandhi International Airport, Shamshabad.

Explanation: The Centre has issued a notice, stating that all the SIM cards have to be linked to Aadhaar before February 2018 to avoid deactivation of the phone numbers.

Explanation: Former Odisha health minister Syed Mustafiz Ahmed has passed away.

Explanation: India-born Microsoft CEO Satya Nadella’s first book ‘Hit Refresh’ will give an account of his personal journey so far, the company’s ongoing transformation, and the coming wave of technological and economic change.

Explanation: The World Senior Badminton Championship began at Kochi. A total of 665 players from forty countries in different groups are participating in the Championship.

Explanation: The renowned Indian Badminton legend Prakash Padukone has been selected for the first life time award by Badminton Association of India.

Explanation: India has won 2nd South Asian Basketball, SABA, Under – 16 Championship. India remained unbeaten in its all four matches and accumulated 8 points.

Explanation: The Unique Identification Authority of India (UIDAI), in July, had asked private as well as public banks to open Aadhaar enrolment and updation facility in one out of 10 branches by August-end.

Explanation: Japan PM Shinzo Abe will begin a two-day visit on 13th September, during which he and Modi will hold the 12th India-Japan annual summit in Gandhinagar in Gujarat.

Explanation: The 2017 US Open is the 137th edition of tennis’ US Open and the fourth and final Grand Slam event of the year. Winners are as: Men’s Singles: Rafael Nadal (Spain) Women’s Singles: Sloane Stephens (American). With she won her 1st Grand Slam. Mixed Doubles: Martina Hingis (Switzerland) and Jamie Murray (British). Women’s Doubles: Martina Hingis (Switzerland) and Yung-Jan Chan (Taiwan)

Explanation: President of Belarus AG Lukashenko has arrived in New Delhi on a two day visit to India. The visit is taking place in a year when Belarus and India are celebrating 25th anniversary of the establishment of diplomatic relations.

Explanation: Kochi will host the fifth edition of the ‘Coastal Shipping and Inland Water Transportation Business Summit 2017’ on September 22 .

Explanation: The second World Congress of Optometry began in Hyderabad, Telangana to discuss new ideas and share research and knowledge about various facets of optometry.

Explanation: Maharashtra government has announced plans to launch 112 as a single integrated helpline number for police, fire brigade, and ambulance services.

Explanation: Vice President M Venkaiah Naidu laid the foundation stone for Ranchi Smart City coming up on the Heavy Engineering Corporation (HEC) land. This would be the country’s first ‘green-field’ smart city.

Explanation: UN has said that the security operation targeting Rohingya Muslims in Myanmar “seems a textbook example of ethnic cleansing”, urging the country to end the “cruel military operation” in its Rakhine state.

Explanation: The Union Cabinet has given its approval for an increase of 1% additional Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners to compensate for price rise.

Explanation: The Union Minister of State for AYUSH (Independent Charge) Shri Shripad Yesso Naik inaugurated India’s first State of art virology laboratory at Dr. Anjali Chatterjee Regional Research Institute for Homoeopathy in Kolkata

Explanation: India, Asia’s third-largest producer and exporter of coffee, has started producing the world’s most expensive coffee, made from the poop of civet cat, on a small scale in Coorg district of Karnataka. The Civet coffee, also called as Luwark coffee, is expensive

Explanation: To bring in transparency in food safety inspection and sampling, food regulator FSSAI has put in place a nationwide online platform ‘FoSCoRIS’ and asked states to adopt this system as it would help eliminate discrepancy and make food safety officers accountable.

Explanation: Project Insight’, likely to be launched in October 2017, will use big data analytics to match information from social media sites to deduce mismatches between spending pattern and income declaration.

Explanation: According to Fitch Ratings, Indian Banks will require about USD 65 billion in additional capital, to meet the new Basel-III capital standards by March 2019 (financial year 2018-19) and push loan growth.

Explanation: The Reserve Bank of India, RBI will introduce 100 rupees coin to mark the birth centenary of AIADMK founder Late Dr M G Ramachandran. It will also issue 5 rupees coin to mark the birth centenary of Dr M G Ramachandran.

Explanation: Asian Games gold medallist Priyanka Panwar has been handed over a ban of eight years by National Anti-Doping Agency (NADA) after she tested positive for a banned performance enhancing drug for the second time.

Explanation: MoU between Central Silk Board (CSB), India and National Institute of Agrobiological Sciences (NIAS), Japan for collaborative research in the field of silkworm and silk industries.

Explanation: India and Belarus have released a postage stamp to mark 25 years of diplomatic ties between the two sides. Also signed 10 MoUs in various sectors like oil and gas sector, vocational education, sports affairs, cooperation in agriculture, scientific and technical cooperation.

Explanation: India has been placed at 103 rank on the World Economic Forum’s (WEF) Global Human Capital Index, which is topped by Norway.

Explanation: The ₹600-crore high-speed rail training centre for the first bullet train project will be set up in Vadodara. The training centre will have a sample track fitted with the overhead electrical systems to enable testing of bullet trains that will run on the Mumbai-Ahmedabad route

Explanation: Sumit Nagal of India blasted Colin van Beem of the Netherlands in the singles final to justify the top billing in the 8th MCC – S R Subramaniam Memorial ITF Futures Men’s tennis championship

Halimah Yacob has become the first woman and 8th President of Singapore, being the only candidate who met the requirements for the presidential elections

Explanation: The Ministry for Electronics and Information Technology (MeitY) has launched a nationwide hackathon ‘OpenGovDataHack’ to support and showcase potential ideas/talent from inner India.

Explanation: The Union Finance Ministry has constituted Group of Ministers (GoM) to monitor and resolve IT challenges faced in implementation of Goods and Services Tax (GST). It was formed after states had raised issue of glitches being faced by taxpayers in filing their GST returns on GSTN.
Head of this GoM : Sushil Kumar Modi (Bihar Deputy Chief Minister)

Explanation: India has started Operation Insaniyat to provided assistance to Bangladesh in response to the humanitarian crisis being faced on account of the large influx of Rohingya refugees into that country from Myanmar.

Explanation: The Department of Administrative Reforms & Public Grievances (DARPG), Ministry of Personnel, Public Grievances & Pensions, Government of India is organising a two-day Regional Conference on Good Governance and Replication of Best Practices on September 14-15, 2017 in Goa

Explanation: HRD minister Prakash Javadekar has announced ‘Swachhta’ Ranking 2017 for Higher Education Institute. A total of 3500 institutions took part in the Swachhta Ranking 2017 out of which best 25 institutions were selected under 4 categories for Award.

Explanation: Former Indian cricketer Sachin Tendulkar launched -Mission 24 for Mumbai’s M east ward which is known to have one of highest slum population’s in the city.

Explanation: Karnataka has become the first Indian state to have an electric vehicle policy after the state Cabinet approved the Karnataka Electric Vehicle and Energy Storage Policy. The policy aims to encourage production of electric vehicles to reduce pollution and promote research and development of electric mobility.

Explanation: E-commerce major Flipkart has developed India’s first “anti-theft” packaging to secure goods from in-transit theft and tampering.

Explanation: Frank Vincent, veteran American actor who is known for his role in films like “The Sopranos” and “Goodfellas” has passed away.

Explanation: Jawaharlal Nehru Port Container Terminal (JNPCT) was awarded Container Terminal of the Year” Award for the above 0.6 million TEUs category at The Gateway Awards 2017 held at Mumbai.

Explanation: The Indian Olympic Association (IOA) has formally awarded to Goa the rights to host the 36th National Games which is going to take place in 2018.

Explanation: Crisil Ratings said the 9.5 per cent NPA figure for March 2017 recognized by banks includes only two-thirds of the overall stressed assets or non-performing assets, and estimated the bad loan ratio to rise by 1 percentage point to 10.5 per cent by March 2018.

Explanation: Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation stone for the proposed Ahmedabad-Mumbai High-Speed Rail Network, commonly known as the bullet train, in Ahmedabad, Gujarat.

Around Rs 1.10 lakh crore will be spent on the Mumbai to Ahmedabad High Speed Rail (MAHSR) Project that is being partially funded by Japan.

Out of the Rs 1,10,000 crore, Japan is giving a loan of Rs 88,000 crore. The interest on this loan is minimal at 0.1 per cent and it is to be repaid in 50 years, with a grace period of 15 years.

Explanation: The book titled ‘Unstoppable: My Life So Far’ authored by tennis star Maria Sharapova was unveiled. The book talks about Sharapova’s rise from nowhere to tennis stardom, and the unending fight to stay on top.

Explanation: This day is celebrated every year in India since 1967 to commemorate the birthday of the legendary engineer Sir Mokshagundam Visvesvaraya. Theme of Engineers’ Day 2017: “Role of Engineers in a Developing India”

Explanation: Scientists from Brown University in the US have created the first map of water trapped in the uppermost layer of the Moon’s soil using data from an instrument aboard India’s Chandrayaan-1 spacecraft. As per a study says that this may prove useful to future lunar explorers.

Explanation: The German nationality has been named the best in the world for the sixth year in a row, according to the Kochenov Quality of Nationality Index. The index takes into account various factors including the country’s economic growth and level of human development.
India – 101 rank

Explanation: Private player IndusInd Bank has secured up to USD 200 million (about Rs 1,282 crore) loan from multilateral lender Asian Development Bank (ADB) to serve low income women borrowers in rural areas.

Explanation: A memorial for the world’s oldest captive panda, Basi, who died at the age of 37 in Fuzhou, will be held on 16th September

Explanation: Taking the central government’s ambitious cleanliness drive to a higher trajectory, President Ram Nath Kovind kicked off the fortnight-long ‘Swachhta Hi Seva’ (Cleanliness is Service) campaign from Ishwari Ganj village near Kanpur, Uttar Pradesh.

Explanation: The Reserve Bank of India (RBI) has said, India’s current account deficit (CAD) rose sharply to $14.3 billion in the first quarter (April-June) of 2017-18 from $0.4 billion reported for the like period of 2016-17.