Current Affairs 21 June 2018 Quiz
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Quiz from Current Affairs 20 June 2018 of A2Z – Click Here to Read Current Affairs of June 20, 2018
- The Reserve Bank of India (RBI) has altered the definition of ‘Relatives’ for sending the funds abroad under the ‘maintenance of close relative’ category of the Liberalised Remittance Scheme (LRS). The definition will now be applicable as stated under____________
A) RBI Act, 1934
B) Banking Regulation Act, 1949
C) Companies Act, 2013
D) Foreign Exchange Management Act, 1999
View Answer
Option C
Explanation: With the aim to prevent any misuse of flow of fund abroad, the Reserve Bank of India (RBI) has narrowed the definition of ‘Relatives’. According to RBI, the funds sent abroad under the ‘maintenance of close relative’ category of the Liberalised Remittance Scheme (LRS) can be now sent only to immediate relatives such as parents, spouses, children and their spouses.For this RBI has brought the definition of ‘Relatives’ under the Companies Act, 2013 instead of Companies Act, 1956.
- Which among the given countries has excluded Indian staudents from its new visa norms list of “low risk” countries eligible for easier visa application.
A) Russia
B) United Kingdom
C) Japan
D) China
View Answer
Option B
Explanation: The United Kingdom government has excluded Indian students from a new list of “low risk” countries eligible for easier visa application to the UK. The decision is based on India’s refusal to sign a memorandum of understanding (MoU) on the return of illegal Indian immigrants in the UK to India and vice-versa.Excluding India from the list damages its relations with the UK and snatches away a lot of easy education opportunities for hopeful Indian students.
- The Indian Coast Guard has commissioned the 5th and final ship named ___________under Fast Patrol Vessel (FPV) project.
A) Rani Rashmoni
B) Rani Gaidinliu
C) Rani Abbakka
D) Rani Durgavati
View Answer
Option A
Explanation: The last of the five Fast Patrol Vessel (FPV) project of Indian Coast Guard ‘Rani Rashmoni’ was commissioned into the Indian Coast Guard on June 18 at Visakhapatnam (Andhra Pradesh) by Additional-Director General, Indian Coast Guard VSR Murthy. So far four such ships such as ICGS Rani Abbakka, ICGS Rani Avanti Bai, ICGS Rani Durgavati and ICGS Rani Gaidinliu, have been commissioned and are in active service at various locations on the eastern seaboard. ‘Rani Rashmoni’ was the last in the first phase of five FPVs.
- Which bank has recently received RBI’s approval to act as custodian of securities?
A) ICICI Bank
B) Yes Bank
C) Axis Bank
D) HDFC Bank
View Answer
Option B
Explanation: Yes Bank has received approval from market regulator Securities and Exchange Board of India (Sebi) for acting as custodian of securities. Custodian of securities is a licence granted by Sebi to eligible entities allowing them to offer custodial services to financial market participants including foreign institutional investors (FIIs) and foreign portfolio investors (FPIs).
- Name the Chief Economic Advisor of India who recently resigned from the post.
A) Rajnish Kumar
B) Bibek Debroy
C) Arvind Subramanian
D) AS Kiran Kumar
View Answer
Option C
Explanation: Chief Economic Advisor Arvind Subramanian, who succeeded the high-profile Raghuram Rajan in the Finance Ministry in 2014, has quit the government with plans to go back to the US for research and writing. Subramanian had joined as the CEA on October 16, 2014 for a period of three years after which Jaitley had requested him to continue for some more time.
- The Government has launched the second tranche of Bharat-22 exchange traded fund (ETF) to raise Rs________ from the market.
A) Rs 7,400 crore
B) Rs 6,400 crore
C) Rs 9,400 crore
D) Rs 8,400 crore
View Answer
Option D
Explanation: The Finance Ministry has launched the second tranche of Bharat-22 exchange traded fund (ETF) on June 19 which will help raise up to Rs 8,400 crore from the markets. The issue was opened for anchor investors on June 19 and for other institutional and retail investors the next day. The ETF follow on offer will remain open till June 22.The investors would get a 2.5 per cent discount over the issue price.The government aims to raise Rs 6,000 crore from this round. There is also a green shoe option of Rs 2,400 crore, subject to government approval.
- World Refugee Day is observed annually on_______________
A) June 20
B) June 19
C) June 18
D) June 17
View Answer
Option A
Explanation: World Refugee Day is observed every year by the people on 20th June in order to raise the public awareness about refugee’s situations throughout the world.
- Which among the following states has launched revised amnesty scheme titled ‘Scheme for Regularisation of Unauthorized Construction 2018′ to regularize unauthorized constructions and projects?
A) Andhra Pradesh
B) Odisha
C) Maharashtra
D) Himachal Pradesh
View Answer
Option B
Explanation: The Odisha government has relaunched an amnesty scheme titled ‘Scheme for Regularisation of Unauthorized Construction 2018′ to regularize unauthorized constructions and projects. Under the latest version of the scheme, cleared by the Planning and Building Standards Regulations, unauthorized constructions can be regularized by paying specific fees along with submission of building construction plan and fire clearance certificate.
- Name the winner of Femina Miss India 2018.
A) Meenakshi Chaudhary
B) Shreya Rao
C) Anukreethy Vas
D) Gayatri Bharadwaj
View Answer
Option C
Explanation: Miss Anukreethy Vas from Tamil Nadu was declared the winner of the 55th edition of Femina Miss India 2018 pageant held at Dome, NSCI Stadium, Mumbai.
- Who has been roped in by Paytm as the Advisor to the company.
A) K.S. Krishnaswamy
B) N S Vishwanathan
C) Wajahat Hussain
D) Rama Subramaniam Gandhi
View Answer
Option D
Explanation: One97 Communications, which runs Paytm, has appointed former RBI Deputy Governor Rama Subramaniam Gandhi as an advisor of Paytm. Gandhi will bring his years of knowledge and experience on payment systems, regulations, compliance and corporate governance, the company said in a statement.
- The government of Tripura has signed loan agreement worth Rs 500 crore with which financial institution for smart City project by 2021?
A) Asian Development Bank (ADB)
B) International Monetary Fund
C) World Bank
D) Asian Infrastructure Investment Bank
View Answer
Option A
Explanation: The state government of Tripura has taken Rs 500 crore as loan from the Asian Development Bank (ADB) and Hudco (Housing and Urban Development Corporation) to carry out the Rs 1,000 crore smart City project in Agartala by 2021. The loan was taken to meet the matching share of the state government.
- Which among the given years will be observed by the Indian Army as the Year of Disabled Soldiers in Line of Duty’ to honour soldiers?
A) 2019
B) 2018
C) 2020
D) 2021
View Answer
Option B
Explanation: Indian Army is observing the year 2018 as the ‘Year of Disabled Soldiers in Line of Duty’ to honour soldiers who have been disabled in line of duty, while serving the Nation and to celebrate the undying spirit of ‘Soldiering’. The primary focus is towards alleviating the sufferings of these soldiers, who have done their duty with utmost dedication to the Nation and have been disabled for the life.
- Which state government has launched i-Hariyali app enabling the residents to order free plant saplings to promote greenery in state?
A) Rajasthan
B) Haryana
C) Punjab
D) Gujarat
View Answer
Option C
Explanation: To increase the state’s green cover, the Punjab government has launched ‘i-Hariyali’ app that lets users order free plant saplings. The ‘i-Hariyali’ app under ‘Mission Tandarust’ can be downloaded from the app store for free.The users can book a sapling of their choice, a maximum of 25 per person, from a nearby government nursery.The app aims to inspire people to plant more saplings to save the environment from pollution.
- What is the theme of the 2018 World Refugee Day?
A) Migrants and Refugees: Towards a Better World
B) Embracing Refugees to celebrate our Common Humanity
C) Take 1 minute to support a family forced to flee
D) Now more than ever, we need to stand #WithRefugees
View Answer
Option D
Explanation: The Theme of World Refugee Day 2018 is: “Now more than ever, we need to stand #WithRefugees”.
- Which among the following banks has tied up with IBM and Accenture to enhance business growth and portfolio diversification using “digitisation”?
A) Bank of Baroda
B) Punjab National Bank
C) Bank of India
D) United Bank of India
View Answer
Option A
Explanation: The Bank of Baroda has announced its partnership with technology majors IBM and Accenture to enhance business growth and portfolio diversification using “digitisation”. Under the tie up, BoB will power its state-of-the-art IT Centre of Excellence (ITCoE) and Analytics Centre of Excellence (ACoE).Using IBM’s digital reinvention framework and innovation roadmap, the bank will be able to make critical strides in achieving business transformation, improving overall service delivery and creating compelling customer experiences.
- Who has been appointed as the brand ambassador of Sikkim?
A) Bhupen Hazarika
B) A.R. Rahman
C) Mohit Chauhan
D) Arijit Singh
View Answer
Option B
Explanation: Famed Indian composer and singer-songwriter A.R. Rahman has been appointed the brand ambassador of the Sikkim government for a year. As the government’s brand ambassador, Rahman would keep coming to the Himalayan state from time to time and promote it.
- Name the Indian city which has been selected as the 100th city under the government’s flagship Smart Cities Mission.
A) Imphal
B) Aizawl
C) Shillong
D) Kohima
View Answer
Option C
Explanation: Shillong, the capital city of Meghalaya has been selected as 100th Smart City, to receive funding under the Centre’s flagship Smart Cities Mission, after evaluating the proposal submitted by it. Till now, 99 smart cities had been selected in four rounds of competition and with Shillong’s selection, the list of 100 cities has been completed under the Smart Cities Mission.The total proposed investment in the finally selected 100 cities under the Smart Cities Mission would be Rs.2,05,018 crores.
- Who is the author of the book titled ‘Vedvigyan Alok’?
A) Acharya Prashant
B) Acharya Santosh Shukla
C) Acharya Narendra Dev
D) Acharya Agnivarat Naishthik
View Answer
Option D
Explanation: The Vice President of India, Shri M. Venkaiah Naidu has received the book “Vedvigyan Alok” (Maharishi Aitareya Mahidas Praneet – Aitareya Brahmina ki Vaigyanik Vyakhya) authored by Acharya Agnivarat Naishthik. The Book Vedvigyan Alok is the scriptural verse in Vedas’ prose and is divided into four broad volumes.
- India’s largest National Data Centre for hosting government websites and apps will be set up in which city?
A) Bhopal
B) Lucknow
C) Chennai
D) Kolkata
View Answer
Option A
Explanation: The Indian Government has planned to expand its BPO promotion scheme from current 48,000 seats to one lakh seats as well as set up India’s largest National Data Centre in Bhopal. The National Data Centres, that host Government websites, services and apps, are currently operational at four locations namely Pune, Hyderabad, Delhi and Bhubaneswar. The fifth and the largest National Data Centre will come up in Bhopal with capacity of five lakh virtual servers.
- Which state has launched the mobile App messenger ‘Cop Connect’ for the state police?
A) Maharashtra
B) Telangana
C) Tamil Nadu
D) Kerala
View Answer
Option B
Explanation: The Telangana police have launched a mobile-based messenger application named ‘Cop Connect’ to provide real time information to over 60,000 police officers across 31 districts in the state. ‘Cop Connect’ messaging App, developed by the department on the lines of WhatsApp, will support the police department in improving quality of service delivered to public.
- How much amount has been sanctioned by the state government of Haryana as monthly financial assistance to the female acid victims?
A) Rs 4,500
B) Rs 5,000
C) Rs 8,000
D) Rs 7,500
View Answer
Option C
Explanation: The Haryana state government has approved a scheme to provide monthly financial assistance of Rs 8,000 to female acid victims. Besides, the women and girl acid attack victims would also be given preference in the allotment of fair price shops by the Haryana Food, Civil Supplies and Consumer Affairs Department.
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