Weekly CA Quiz: September 2017 3rd week

Explanation: The West Bengal Transport department has introduced ‘Yatrik’ mobile phone app to help in the easy booking of traditional meter taxis in Kolkata.

Explanation: Suzuki Motor will invest more than Rs 1,150 crore along with Japanese partners Toshiba and Denso to set up India’s first lithium ion battery facility in Gujarat.

Explanation: Kerala is going to open India’s first transgender-exclusive clinics at government medical colleges across the state. They are planning to open Transgender Clinics in all government medical colleges in the state.

Explanation: According to a study by Zipjet, a UK-based start-up, German city Stuttgart is the least stressed out city in the world. Out of the 150 cities, Bengaluru stands at 130, Kolkata at 131 and Mumbai at 138 and Delhi is ranked 142. The most stressed city in the world is Baghdad.

Explanation: According to a DBS report, India’s GDP growth might slip below 7 per cent mark to a three-year low this financial year.

Explanation: For the first time ever, forex exchange reserves crossed the $400-billion mark as on September 8 to reach $400.727 billion, data from the Reserve Bank of India show. The central bank took almost a decade to shore up its forex kitty by $100 billion to cross $400 billion from $300 billion.

Explanation: Online marketplace Amazon India has planned to provide unsecured micro-loans, as low as ₹1 lakh, at interest rates as low as 10.45-11 per cent at a short span of 3-5 days. The company has tied up with Bank of Baroda for the loans, which can go up to ₹25 lakh.

Explanation: M Nagaraja Sarma, Director and General Manager of United India Insurance Co Ltd, has been appointed as the company’s CMD.

Explanation: Arjan Singh, pride Marshal of the Indian Air Force (IAF) and India’s oldest, five-star ranked air force officer has passed away.

Explanation: Senior Advocate P P Rao, a constitutional law expert has passed away.

Explanation: The oldest person in the world, Violet Mosse-Brown, passed away at the age of 117. Brown, who was born in Jamaica on March 10, 1900, suffered from an irregular heartbeat and was dehydrated days before she passed away.

Explanation: An indigenous artillery gun, Advanced Towed Artillery Gun System (ATAGS), being jointly developed by the Defence Research and Development Organisation (DRDO) and the private sector, during trial firings at Pokhran ranges has set a new world record in range by hitting targets at a distance of 48 km.

Explanation: INS Garhial of Indian Navy will carry around 86 thousand family packs as relief material in the ongoing operation Insaniyat launched in support of Bangladesh for the Rohingya refugees. The ship is expected to arrive at Chittagong around 25th of this month.

Explanation: Acknowledging the role played by yoga legend Bishnu Charan Ghosh and his family members in spreading Indian postural yoga in Japan, the Japanese postal department has released postage stamps on four of Bengal’s famous exponents of the ancient Indian practice.

Explanation: Airtel Payments Bank has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform

Explanation: Indian shuttler PV Sindhu defeated World Championships gold winner, Japan’s Nozomi Okuhara, to become the first Indian to lift the Korea Open Superseries title. Sindhu has now won three international titles this year, after claiming the Syed Modi International and India Open titles.

Explanation: In Karantaka, former DIG D Roopa, who highlighted in a report alleged irregularities at the Central jail in Bengaluru, including preferential treatment to AIADMK leader V K Sasikala, was conferred the President’s Medal.

Explanation: The Bharatiya Janata Party (BJP) MP from Rajasthan’s Alwar, Mahant Chandnath, has passed away at the age of 61.

Explanation: The Ministry of Women and Child Development will hold the first ever National Conference in New Delhi tomorrow (19th September) on Mission Mode to address Under-Nutrition in the country.

Explanation: US tech giant Google has unveiled ‘Tez’- a simple and secure mobile app for digital payments and commerce, built with the goal of working for everyone in India, and is available now for download on Google Play (Android) and the App Store (iOS).

Explanation: Tripura has become the first state in the country to set up family welfare district committees to deal with the issue of fake and biased complaints by women against their husbands, in-laws and husband’s relatives, as per an apex court directive.

Explanation: Astra, the beyond visual range air-to-air missile, is all set for production and later induction into the armed forces.

Explanation:Dr KS Chugh, the “father of nephrology in India” has passed away. He was a recipient of several national and international awards, including the Padma Shri, the fourth-highest civilian award, in 2000.

Explanation: Veteran Congress lawmaker and former Karnataka Minister Qamarul Islam has passed away.

Explanation: The Peruvian President Pedro Pablo Kuczynski has appointed a former Economy Minister Mercedes Aráoz Fernández as his new Prime Minister.

Explanation: Spain’s Ana Carrasco became the first woman to win an individual World Championship motorbike race. The 20-year-old achieved the feat after finishing 0.053 seconds ahead of second-placed Alfonso Coppola from Italy in the Supersport 300 World Championship’s round 10 in Portugal.

Explanation: Three times world champion Lewis Hamilton has registered victory at the Singapore Grand Prix.

Explanation: The International Union for Conservation of Nature (IUCN), has taken snow leopard off the “endangered” list, where it was included in 1972. In the new assessment, IUCN has placed the animal under the less-threatened “vulnerable” category.

Explanation: China has issued a commemorative stamp in honour of the world’s largest radio telescope located in Guizhou province. The State Post Bureau (SPB) has issued a set of five stamps, including one commemorating the Five-hundred-metre Aperture Spherical Radio Telescope priced at 1.2 yuan.

Explanation: The Vice President of India Shri M. Venkaiah Naidu released a Commemorative Coin on Bharat Ratna Dr. M.S. Subbulakshmi and inaugurated an exhibition entitled “Kurai Onrum Illai-MS: Life in Music” on the occasion of Birth Centenary Commemoration of Dr. M.S. Subbulakshmi.

Explanation: Jharkhand Government launched the ‘Shaheed Gram Vikas Yojana’ during a programme at Ulihatu in Khunti district of Jharkhand. Ulihatu is the birthplace of Jharkhand’s tribal icon Birsa Munda.

Explanation: Vice President M Venkaiah Naidu felicitated film-maker S S Rajamouli with the prestigious ANR National Award for his contribution to the Telugu film industry.

Explanation: Bollywood actor Akshay Kumar has been appointed as brand ambassador of the Swachh Bharat Mission. In August last month, he was also appointed as the brand ambassador for cleanliness drive by the Uttar Pradesh Government and his film Toilet: Ek Prem Katha was interest-free in the state.

Explanation: Hurricane Maria has “devastated” the Caribbean island of Dominica. The hurricane has strengthened to an “extremely dangerous” category five, with “potentially catastrophic” storm surges.

India won gold at the fifth Asian Indoor and Martial Arts Games with Govindan Lakshmanan and P.U. Chitra winning gold in their respective events.

Zannah Mustapha, a Nigerian lawyer who helped secure the release of more than 100 schoolgirls kidnapped by Boko Haram was awarded one of the United Nations’ top prizes — UN peace prize.

Sanjeev Kapoor
Food Street, being held by Ministry of Food Processing Industry, will be hosted for the first time in India from November 3.

Three Indian entrepreneurial legends, Ratan Tata, Lakshmi Mittal and Vinod Khosla have been included in Forbes’s special list of the world’s ‘100 Greatest Living Business Minds ’.

According to a government of India notification, all the peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and will be brought under the ambit of the banking regulator.

Launched by Bihar Deputy Chief Minister Sushil Kumar Modi, the “Bandhan Tod” app will try to create awareness on resisting child marriage and will also provide round-the-clock help to adolescent girls saying no to the practice in the form of an SOS button.

Under this application, people of Andhra Pradesh can dial 1100 to register complaints about government services and schemes.

National Aluminium Company (Nalco).
The proposed JV will identify, explore, acquire, develop and process strategic minerals overseas for commercial use and to meet domestic supply needs.

In New Delhi, India
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) involves Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

The first Pension Adalat and a pension app for Central Government employees is inaugurated in New Delhi. The Adalat aims to quick resolve long pending pension cases.

Explanation: India is collaborating with Russia to build the Roppur nuclear power plant in Bangladesh, the first initiative under a Indo-Russia deal to undertake atomic energy projects in third countries.

Explanation: Andhra Pradesh Chief Minister N. Chandrababu Naidu declared that the year of 2017 as e-pragati year. All districts will come under the purview of real time governance. If any college students are trained on e-pragati, the program can be taken to basic level.

Explanation: The WHO has released its first tranche of emergency funding of $175,000 to provide lifesaving healthcare to the “vulnerable population” in Bangladesh’s Cox’s Bazar.

The US will provide a humanitarian aid package worth $32 million to the Rohingya Muslim minority who have fled violence in Myanmar and crossed into neighbouring Bangladesh.

Explanation: Google has announced to acquire part of the Taiwan-based HTC Corporation’s mobile division team for $1.1 billion. However, HTC will continue onward with its own smartphone business even after sending a good portion of its talent and operations over to Google.

Explanation: According to revised estimates published by the World Trade Organisation (WTO), global merchandise trade is expected to grow at a higher 3.6 per cent in 2017, compared with 1.6 per cent increase last year. The WTO had earlier projected the world trade to grow at 2.4 per cent in 2017.

Explanation: With less than two years to go, the official emblem and slogan for FIFA Women’s World Cup France 2019 were unveiled at the Musee de l’Homme, Paris. The emblem features the competition trophy wrapped in blue and white, with eight shards of light around football at the top of the trophy symbolising the eighth edition of the FIFA Women’s World Cup. The slogan of the tournament “Dare To Shine” reflects the development of football, especially women’s football.

Explanation: India has replaced China as the numero uno retail destination in 2017 as part of the global retail development index, according to a study. This was announced at India Retail Forum 2017 held in Mumbai.

Explanation: India’s dream for high horsepower locomotive moved closer to reality with the arrival of the first body shell of 12000 HP loco from Alstom France at Kolkata port.

Explanation: SBI Card, the second largest credit card selling company after HDFC Bank is all set to offer pre-approved cards to customers of its parent State Bank of India.

Explanation: State Bank of India and FTSE Russell, a global index and data provider have announced the launch of FTSE SBI Bond Index Series at the London Stock Exchange, providing the global investor community and other market participants the tools they need to analyse India’s bond market.

Explanation: In a bid to help develop the fintech ecosystem in India, Fino Payments Bank has launched its mobile banking app called BPay.

Explanation: Indian insurance sector regulator IRDAI has given the final nod to online non-life insurer Acko General Insurance Ltd. The company had filed the application for the licence with the Insurance Regulatory and Development Authority of India (IRDAI) to set up a general insurance company in November 2016.

Explanation: For the first time in 22 years, India’s first ingenuously built INS Kalavari submarine has been handed over to the Indian Navy. INS Kalavari, a diesel electric attack submarine, is a Scorpene-class submarine and is the first of the six submarines being built in India under Project-75 by Mazagon Docks Limited.

Explanation: Giacobbe “Jake” LaMotta, an American professional boxer, former World Middleweight Champion, and stand-up comedian has passed away.

Explanation: Google Doodle, today, celebrates 100th birthday of Asima Chatterjee, a renowned Indian chemist, who was the first female Doctorate of Science in India from an Indian University.

Explanation: A program called SATH- Sustainable Action for Transforming Human Capital, a joint initiative of Government of Assam and NITI Aayog, which aims to provide structured support to Assam in identifying key health priorities has been launched in Assam.

Explanation: A multi agency exercise was conducted on the banks of Hussain Sagar Lake as the final event of Pralay Sahayam in Hyderabad.

Explanation: The Reserve Bank of India has removed masala bonds, or rupee-denominated debt securities sold abroad, from the corporate bond investment limit that remains almost full amid strong overseas investor interest.

Explanation: State Bank of India (SBI) is India’s most trusted and most popular bank according to a survey conducted by Brand Finance, a business valuation and strategic consultancy headquartered in London.

Explanation: Multilateral funding agency Asian Development Bank has sanctioned a USD 300 million loan facility for carrying forward fiscal reforms in West Bengal. The loan is approved to continue a comprehensive series of fiscal reforms in West Bengal to bring about more accessible, affordable, and high quality public services

Explanation: OECD said India’s economy will likely grow 6.7% in FY18, lower than its estimate of 7.3% in June.

Explanation: Five-time world champion and Olympic bronze medalist MC Mary Kom has become the first Indian to be picked as International Boxing Association’s (AIBA) representative for the IOC Athletes Forum.

Explanation: Eminent scientist, Professor C.N.R Rao, has become the first Asian to be chosen for the prestigious Von Hippel Award for his immense contribution in materials research.

Explanation: National Award-winning actor Rajkummar Rao has bagged the GQ Actor of the Year Award. GQ hosted the GQ Men of the Year Awards in Mumbai.