Current Affairs Quiz: December 21, 2017

Current Affairs 21 December 2017 Quiz

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Quiz from Current Affairs 20 December 2017 of A2Z – Click Here to Read Current Affairs of December 20, 2017

  1. The Reserve Bank of India has imposed additional actions under PCA framework for Bank of India on December 20, 2017 in view of its high net non-performing assets. What is the full form of PCA?
    A) Primary Capital Advances
    B) Public Cooperative Agency
    C) Primary Credit Association
    D) Prompt Corrective Action
    View Answer
      Option D
    Explanation: 
    The Reserve Bank of India (RBI) has initiated “prompt corrective action” (PCA) measures against state-run lender Bank of India in the view of its high non-performing assets (NPAs). Last week, PCA was initiated against state-run lender Corporation Bank. In the past, RBI has placed restrictions on seven banks which include Oriental Bank of Commerce, Dena Bank, Central Bank of India, IDBI Bank, Indian Overseas Bank, Bank of Maharashtra and UCO Bank.
  2. The Government of India has signed financing agreement for IDA Credit worth USD ____ million with the World Bank for its Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project
    A) USD 100 million
    B) USD 250 million
    C) USD 125 million
    D) USD 200 million
    View Answer
      Option C
    Explanation: 
    A financing agreement for IDA Credit worth USD 125 million (equivalent) for the “Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project” was signed by the Government of India and the World Bank. The objective of the operation is to improve access to quality and market-driven vocational training provided in it is and apprenticeships.
  3. The first ever design university of India, World University of Design, has opened its campus in which state?
    A) Maharashtra
    B) Haryana
    C) Karnataka
    D) Punjab
    View Answer
      Option B
    Explanation:
    India’s first and only design university, World University of Design opened it campus at Sonipat, Haryana. The campus is situated on NH1 in Rajiv Gandhi Education City (NCR), Sonipat, the largest planned integrated city for education in India.
  4. Who has won the 2017 Miss India USA title?
    A) Shree Saini
    B) Prachi Singh
    C) Kavita Malhotra
    D) Swapna Mannam
    View Answer
      Option A
    Explanation:
    Shree Saini, a resident of Washington state, was crowned Miss India USA 2017. The 21-year-old, who is a student at the University of Washington, said she wants to lead a life dedicated to service.
  5. In line with the Bank of India, Reserve Bank of India imposed additional restrictions on United Bank of India under PCA framework owing to the bank’s high bad loans. With this the total number of banks put under PCA framework in the last 10 months is____
    A) 9
    B) 10
    C) 8
    D) 11
    View Answer
      Option B
    Explanation: 
    With Bank of India, RBI has also put United Bank of India on corrective action plan. This is the second time in four years that UBI came under regulatory sanctions and be forced to take corrective measures for strains in financials. Last time UBI was put under PCA was in 2013. UBI is the 10th bank to be put under PCA in a span of 10 months.  
  6. Which country’s parliament has approved a law to ban all exploration and production of oil and natural gas by 2040 within the country and its overseas territories?
    A) France
    B) Germany
    C) Italy
    D) Canada
    View Answer
      Option A
    Explanation:
    France’s parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories. Under that law, existing drilling permits will not be renewed and no new exploration licenses will be granted. The French government claims the ban is a world first.  
  7. The Union Ministry of Environment and Forest has recently given green nod to the Kaleshwaram Lift Irrigation Scheme (KLIS) of which state government?
    A) Tamil Nadu
    B) Andhra Pradesh
    C) Kerala
    D) Telangana
    View Answer
      Option D
    Explanation:
    Telangana government’s prestigious Kaleshwaram Lift Irrigation Scheme (KLIS) has finally get the green nod. The green nod for the project will be a big boost to the state government. However, the Centre has put some conditions before granting the clearance.
  8. The Competition Commission of India has given its approval for the merger of IndusInd Bank with which Micro-finance company?
    A) Annapurna Microfinance Private Limited
    B) BSS Microfinance Private Limited
    C) Bharat Financial Inclusion Ltd
    D) Share Microfin Limited
    View Answer
      Option C
    Explanation: 
    Fair trade regulator CCI has approved the scheme of amalgamation between IndusInd Bank and Bharat Financial Inclusion. IndusInd Bank in October decided to acquire country’s leading microfinance player Bharat Financial Inclusion Ltd (BFIL). 
  9. Name the ministry that has signed an agreement with Maruti Suzuki to impart training to youth for enhancing their employment potential
    A) Ministry of Skill Development and Entrepreneurship
    B) Ministry of Human Resource Development
    C) Ministry of Corporate Affairs
    D) Ministry of Women and Child Development
    View Answer
      Option A
    Explanation:
    The skill development ministry and Maruti Suzuki have signed an agreement to impart training to youth and enhance their employment potential. The automobile manufacturer will ensure eligible trainees take up apprenticeship / higher education in suitable streams and shall also guide the students to become entrepreneurs.
  10. Name the telecom company that has approved the takeover of Consumer Mobile Businesses (CMB) of Tata Teleservices
    A) Vodafone
    B) Reliance Communications
    C) Aircel
    D) Bharti Airtel
    View Answer
      Option D
    Explanation:
    Bharti Airtel and Tata in October announced they have entered into an understanding to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharashtra Ltd (TTML) into Bharti Airtel. Now they have approved the takeover of consumer mobile business of Tata Teleservices.
  11. How much amount of relief package has been announced by Prime Minister Narendra Modi for Cyclone Ockhi affected states?
    A) Rs 300 crore
    B) Rs 325 crore
    C) Rs 350 crore
    D) Rs 375 crore
    View Answer
      Option B
    Explanation:
    Prime Minister Narendra Modi visited Ockhi affected Lakshwadeep, Tamil Nadu and Kerala to take stock of situation, and met affected people. There he announces a relief package of Rs 325 crore for all 3 states and ex-gratia assistance of Rs. 2 lakh to the next of kin of the deceased.

Static GK Based on Current Affairs

  1. Who is the President of France?
    A) Frank-Walter Steinmeier
    B) Tran Dai Quang
    C) Sergio Mattarella
    D) Emmanuel Macron
    View Answer
      Option D
  2. Who is the Chairman of the Competition Commission of India (CCI)?
    A) Smita Jhingran
    B) Devender Kumar Sikri
    C) Sudhir Mital
    D) Augustine Peter
    View Answer
      Option B
  3. IndusInd Bank Limited has its headquarter in which city?
    A) Mumbai
    B) New Delhi
    C) Mangalore
    D) Kolkata
    View Answer
      Option A
  4. The International Development Association is located in____
    A) Paris, France
    B) Geneva, Switzerland
    C) Washington, D.C., United States
    D) London, United Kingdom
    View Answer
      Option C

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3 Thoughts to “Current Affairs Quiz: December 21, 2017”

  1. Sachin shukla( Banker 2018)

    ty)

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