Current Affairs Quiz 22 July 2017 

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Quiz from Current Affairs 21 July 2017 of A2Z – Click Here to Read Current Affairs of July 21, 2017

1. Which country  will host Global Conference on Cyber Space 2017?
   A) India
   B) Russia
   C) Denmark
   D) Kazakhstan
   
   View Answer

   Option A
   Some Extra:
   India will be hosting the 5th Global Conference on Cyber Space (GCCS) in 2017, one of the world’s largest conference on Cyber Space and related issues” as announced by Shri Ravi Shankar Prasad, Hon’ble Union Minister for Electronics & Information Technology and Law & Justice..
2. Which of the following pension scheme has been announced by the Government of India exclusively for the senior citizens?
   A) PMDVY
   B) PMVVY
   C) PMCCY
   D) PMVJY
   
   View Answer

   Option B
   Some Extra:
   The Union Minister for Finance, Defence and Corporate Affairs has formally launched the Pradhan Mantri Vaya Vandana Yojana (PMVVY) for elderly with 8 per cent fixed rate of interest on their savings in New Delhi.
3. As per a bill introduced in the Lok Sabha, where in Andhra Pradesh, Indian Institute of Petroleum and Energy will be established?
   A) Vizianagaram
   B) Amravati
   C) Visakhapatnam
   D) Guntur
   
   View Answer

   Option C
   Some Extra:
   A bill providing for setting up of the Indian Institute of Petroleum and Energy in Andhra Pradesh was introduced in the Lok Sabha.
   The institute would be established in Visakhapatnam district. 
4. Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens available from ____, 2017 to ______, 2018.
   A) 3rd May, 4th May
   B) 4th May, 3rd May
   C) 5th May, 4th May
   D) 4th May, 5th May
   
   View Answer

   Option B
   Some Extra:
   PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens available from 4th May, 2017 to 3rd May, 2018.  
5. Which Insurance company has been given the sole privilege to operate Pradhan Mantri Vaya Vandana Yojana (PMVVY), a Pension Scheme for the senior citizens?
   A) National Insurance Company Limited (NICL)
   B) The Oriental Insurance Company
   C) SBI Life Insurance Company
   D) Life Insurance Corporation (LIC) of India
   
   View Answer

   Option D
   Some Extra:
   It can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this scheme
6. What percent of Goods and Services Tax (GST) will imply on Pradhan Mantri Vaya Vandana Yojana (PMVVY), a Pension Scheme for the senior citizens?
   A) 1%
   B) 2%
   C) 3%
   D) No GST
   
   View Answer

   Option D
   Some Extra:
   The scheme is exempted from Service Tax/ GST.
   
7. Pradhan Mantri Vaya Vandana Yojana (PMVVY), a Pension Scheme for the senior citizens provides an assured return of 8% p.a. payable ______  for 10 years.
   A) monthly
   B) quaterly
   C) half-yearly 
   D) yearly
   
   View Answer

   Option A
   Some Extra:
   Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.
   
8. According to a _______ report, AIDS claimed a million lives in 2016.
   A) World Health Organization 
   B) United Nations 
   C) World Health Assembly
   D) United States Public Health Service
   
   View Answer

   Option B
   Some Extra:
   AIDS claimed a million lives in 2016, almost half the 2005 toll that marked the peak of the deadly epidemic, according to a UN report
9. Markets regulator Sebi has entered into a pact with the _____ Securities and Markets Authority for exchange of information concerning Central Counterparties (CCPs).
   A) Japanese 
   B) Egyptian 
   C) American
   D) European
   
   View Answer

   Option D
   Some Extra:
   Markets regulator Sebi has entered into a pact with the European Securities and Markets Authority (ESMA) for exchange of information concerning Central Counterparties (CCPs).
10. State Bank of India (SBI) along with which of the following will acquire GE Capital’s stake in SBI Card?
    A) Credit Suisse
    B) Carlyle Group
    C) Evercore Partners
    D) Jefferies Group
    
    View Answer

    Option B
    Some Extra:
    SBI Card is operated through two joint venture companies , SBI Cards & Payment Services and GE Capital Business Process Management Services.
    Now SBI and Carlyle Group will acquire GE Capital’s stake and then SBI and Carlyle will own 74 percent and 26 percent respectively in each of the two entities.
    
11. Chennai Open, a professional men’s tennis tournament which is renamed as Maharashtra Open will be held in?
    A) Mumbai 
    B) Pune
    C) Nashik 
    D) Nanded 
    
    View Answer

    Option B
    Some Extra:
    India’s most celebrated tennis event, the ATP tournament which acquired heritage status as the ‘Chennai Open’, will now be held in Pune next year and would be henceforth called “Maharashtra Open”.
12. Brenda Marjorie Hale has been appointed as the first female President of the Supreme Court of ______.
    A) UK
    B) Russia
    C) Netherlands 
    D) Hong Kong
    
    View Answer

    Option A
    Some Extra:
    The UK government has appointed Brenda Marjorie Hale as the first female President of the Supreme Court, the senior-most judge of the country.
13. Which bank has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM)?
    A) Punjab National Bank
    B) Bank of Maharashtra 
    C) Bank of Baroda
    D) Bank of India
    
    View Answer

    Option C
    Some Extra:
    The Cabinet had in April 2017 approved creation of GeM Special Purpose Vehicle (SPV), which will replace DGS&D, nodal purchase organisation of the central government.

Static GK related to Today’s Current Affairs

14. Where is the headquarters of Carlyle Group located?
    A) Russia
    B) France
    C) UK
    D) USA
    
    View Answer

    Option D
    Some Extra:
    Washington, D.C., United States
15. Where is the headquarters of GE Capital located?
    A) Russia
    B) France
    C) UK
    D) USA
    
    View Answer

    Option D
    Some Extra:
    Norwalk, Connecticut, United States

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