Current Affairs Quiz: March 14, 2018

Current Affairs 14 March 2018 Quiz

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Quiz from Current Affairs 13 March 2018 of A2Z – Click Here to Read Current Affairs of March 13, 2018

1. Which among the following banks has launched ‘InstaOD’, an instant overdraft facility for the Micro, Small and Medium Enterprises (MSME) customers?
   A) ICICI Bank
   B) State Bank of India
   C) Bank of Baroda
   D) Axis Bank
   
   View Answer

     Option A
   Explanation: Private banking major ICICI Bank announced the launch of an instant overdraft facility for the Micro, Small and Medium Enterprises (MSME) customers in a completely online and paperless manner. Titled ‘InstaOD’, this first-of-its-kind offering in the Indian banking industry enables a few lakhs of pre-qualified current account customers of the bank to instantly avail the facility without visiting a branch and submitting physical documents.
2. Recently PM Modi inaugurated the Delhi End-TB Summit with the aim to eradicate tuberculosis (TB) from India by ______
   A) 2022
   B) 2030
   C) 2025
   D) 2050
   
   View Answer

     Option C
   Explanation: Prime Minister Narendra Modi launched a campaign to eradicate tuberculosis (TB) from India by 2025, five years ahead of a globally-set deadline. After inaugurating the Delhi End-TB Summit, the prime minister launched the TB-free India Campaign to take the activities under the National Strategic Plan for TB Elimination forward in a mission mode for ending the epidemic by 2025.
3. Who among the following has been sworn in as the President of Nepal?
   A) Yuba Raj Khatiwada
   B) Bidya Devi Bhandari
   C) Gopal Man Shrestha
   D) Janardan Sharma
   
   View Answer

     Option B
   Explanation: Nepal’s first woman president Bidya Devi Bhandari has been reelected for a second term in office. Incumbent President Bhandari defeated Nepali Congress leader Kumari Laxmi Rai with an overwhelming majority in the presidential election.
4. The International Solar Alliance has partnered with which bank to promote solar energy globally?
   A) New Development Bank
   B) World Bank
   C) International Investment Bank
   D) International Monetary Fund
   
   View Answer

     Option A
   Explanation: New Development Bank and International Solar Alliance have joined hands to promote solar energy across the globe. The NDB and the ISA agreed to consider a roadmap for the mobilisation of financing to promote solar energy in countries of common interest and to explore mechanisms for supporting solar energy development.
5. The government has announced to develop 2,000 km of border and international connectivity roads in the first phase of Bharatmala programme. The phase I project is estimated to be completed by which financial year?
   A) 2024-25
   B) 2020-21
   C) 2022-23
   D) 2021-22
   
   View Answer

     Option D
   Explanation: The government has planned to construct 1,911- km international connectivity roads and 3,319-km border roads under its flagship Bharatmala programme. The project would be completed in a phased manner, with the first phase set to be completed betweem 2017-18 and 2021-22. In the first phase, it is proposed to develop 2,000 km of border and international connectivity roads with an outlay of Rs 25,000 crore over five years.
6. The Insolvency and Bankruptcy Board of India (IBBI) has signed an MoU with which of the given parties for better implementation of Insolvency and Bankruptcy code?
   A) Finance Ministry
   B) RBI
   C) SEBI
   D) SBI
   
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     Option B
   Explanation: The Insolvency and Bankruptcy Board of India (IBBI) signed a memorandum of understanding (MoU) with the Reserve Bank of India (RBI) on cooperation for an effective implementation of the Bankruptcy Code. The MoU provides for “sharing of information between the two parties, subject to the limitations imposed by the applicable laws” and “sharing of resources available with each other to the extent feasible and legally permissible.
7. The official anthem of the 2018 Indian Premier League (IPL) with the title Best vs Best has been launched. The BCCI collaborated with which group to create the anthem?
   A) Vivo
   B) Paytm
   C) Star India
   D) Sahara
   
   View Answer

     Option C
   Explanation: The Indian Premier League (IPL) launched the anthem for the 2018 edition, starting April 7, with defending champions Mumbai Indians taking on Chennai Super Kings. The BCCI and Star India have collaborated to create anthem for the campaign this year. And aptly, they have named the anthem “Best vs Best”.The anthem has been released in five languages — Hindi, Tamil, Bengali, Kannada and Telugu — across all platforms (TV, radio, and digital).
8. Who has been appointed as the head of the three-member Mahanadi Water Disputes Tribunal formed to solve Mahanadi water dispute between Odisha and Chhattisgarh over sharing the river’s water?
   A) Sanjay Kishan Kaul
   B) Sharad Arvind Bobde
   C) Asok Kumar Ganguly
   D) Ajay Manikrao Khanwilkar
   
   View Answer

     Option D
   Explanation: The Centre has constituted a three-member Mahanadi Water Disputes Tribunal, with Supreme Court Judge AM Khanwilkar as the Chairman, to adjudicate the dispute between Odisha and Chhattisgarh over sharing the river’s water. The Tribunal, which will have its headquarters in Delhi, has been constituted following the Supreme Court orders in January in a suit filed by the Odisha Government.
9. Who has been appointed as the new President of Chile?
   A) Sebastian Pinera
   B) Michelle Bachelet
   C) Carlos Ibanez del Campo
   D) Felipe Larrain Bascunan
   
   View Answer

     Option A
   Explanation: Businessman-turned politician Sebastian Pinera was sworn in as Chile’s president, beginning what will be his second term in office after a four-year absence.
10. The apex court has extended the deadline of linking Aadhaar to avail various services and welfare schemes from March 31 till further notice. The panel to decide upon the matter is headed by__________
    A) Kurian Joseph
    B) Ranjan Gogoi
    C) Dipak Misra
    D) M B Lokur
    
    View Answer

      Option C
    Explanation: The Supreme Court (five-judge Constitution bench headed by Chief Justice Dipak Misra) extended the March 31 deadline for mandatory linking of Aadhaar to avail various services and welfare schemes run by the government. This relaxation will be effective till the constitution bench delivers a final verdict on the validity of Aadhaar number and its enabling law. The extension of the deadline would also apply on the mandatory linking with the bank accounts and mobile phone numbers. 
11. Name the first commissioner of Delhi Police who died recently.
    A) P.S. Bhinder
    B) Jayendra Nath Chaturvedi
    C) Bajrang Lal
    D) Raja Vijay Karan
    
    View Answer

      Option B
    Explanation: First Commissioner of Delhi Police and former Director General of Uttar Pradesh Police Jayendra Nath Chaturvedi has passed away.
12. The government has decided to institute an award for best investigators of crime. The total number of medals to be given away under this award will be ______
    A) 162
    B) 150
    C) 122
    D) 136
    
    View Answer

      Option A
    Explanation:The government has decided to institute an award for carrying out best investigation of crime for promoting high professional standards among police forces. The award – Union Home Minister’s Medal for Excellence in Police Investigation – will be given to the best investigators of police forces of States, Union Territories and central investigating agencies.Officers from the rank of Sub-Inspector to Superintendent of Police are eligible for the award. Based on the average crime data for the last three years, a total of 162 medals will be awarded every year; of these, 137 will be for the states and UTs and 25 for the central investigating agencies
13. Recently, the RBI has barred banks from issuing LoUs and LoC as trade credit for importing goods into India after PNB fraud. What does LoU/LoC stands for?
    A) Letters of Understanding – Letters of Credit
    B) Letters of Understanding – Letters of Consideration
    C) Letters of Undertaking – Letters of Certification
    D) Letters of Undertaking  – Letters of Comfort
    
    View Answer

      Option D
    Explanation:The Reserve Bank of India discontinued Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits. The RBI said that the Letters of Credit will be continued to be issued subject to compliance with the provisions contained in Department of Banking Regulation Master Circular on ‘Guarantees and Co-acceptances’ dated July 1, 2015. 
14. Renowned politician Begum Hamida Habibullah passed away recently. She belonged to which state?
    A) Bihar
    B) Uttar Pradesh
    C) Chhattisgarh
    D) Odisha
    
    View Answer

      Option B
    Explanation: Former UP minister and one of the most popular faces in the state capital, Begum Hamida Habibullah has passed away.

Static GK Based on Current Affairs

15. What is the currency of Chile?
    A) Peso
    B) Euro
    C) Dollar
    D) Pound
    
    View Answer

      Option A
    Explanation: Capital – Santiago
16. The first edition of IPL was launched in which year?
    A) 2005
    B) 2007
    C) 2006
    D) 2009
    
    View Answer

      Option B
    Explanation: The 2018 season of the Indian Premier League, also known as IPL 11, will be the eleventh season of the IPL, a professional Twenty20 cricket league established by the BCCI in 2007. 
17. The first regional office of the New Development Bank (NDB) has been established in___________
    A) Moscow, Russia
    B) New Delhi, India
    C) Johannesburg, South Africa
    D) Brasilia, Brazil
    
    View Answer

      Option C
    Explanation: The bank is headquartered in Shanghai, China. The first regional office of the NDB is in Johannesburg, South Africa.
18. Name the Chairman of the Insolvency and Bankruptcy Board of India (IBBI)
    A) Mukulita Vijayawargiya
    B) Navrang Saini
    C) M. S. Sahoo
    D) Suman Saxena
    
    View Answer

      Option C

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