Current Affairs 5 April 2018 Quiz
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Quiz from Current Affairs 4 April 2018 of A2Z – Click Here to Read Current Affairs of April 4, 2018
- Which of the following e-commerce firm has announced the expansion of its Global Selling programme by launching B2B selling for Indian exporters?
A) Flipkart
B) Amazon India
C) Snapdeal
D) Alibaba
View Answer
Option B
Explanation: After conducting a seven-month-long pilot in India, Amazon Business announced the expansion of its Global Selling programme by launching B2B selling for Indian exporters.
- How many portals have been launched by the Government of India under the digital initiative for use by exporters and stakeholders in an effort to ease of agri-exports?
A) Three
B) Five
C) Two
D) One
View Answer
Option A
Explanation: Union Commerce and Industry and Civil Aviation Minister, Suresh Prabhu launched digital initiatives by Export Inspection Council (EIC) for ease of export at New Delhi. Three portals have been developed to reduce transaction time and cost in a transparent manner.
- Which among the following banks has been imposed a penalty of Rs 9 crore by FIU over remittance scam and for failing to adhere to anti-money laundering norms?
A) Bank of Baroda
B) State Bank of India
C) Punjab National Bank
D) Kotak Mahindra Bank
View Answer
Option A
Explanation: The Financial Intelligence Unit (FIU) has slapped Rs 9 crore penalty on Bank of Baroda for “failing” to adhere to anti-money laundering norms, and not having an effective system to report suspicious transactions linked to the Rs 6,000 crore scam in its Delhi-based branch.
- Who has been appointed as the head of the 7 member panel formed by the government to study the process of conduction of examination by CBSE following the alleged leak of the Class 10 mathematics and the Class 12 economics papers?
A) Arjun Singh
B) S.R. Bommai
C) Vinay Sheel Oberoi
D) Madhavrao Scindia
View Answer
Option C
Explanation: In the backdrop of the Class 12 economics question paper leak, the Human Resource Development (HRD) Ministry has set up a seven-member committee to examine the board’s examination process. The committee headed by former HRD Secretary Vinay Sheel Oberoi will examine the conduct of Class 10 and Class 12 examinations by the Central Board of Secondary Education (CBSE) in order to prevent leak of question papers and revisit all aspects related to security checks built into the system to ensure question papers reach examinees without tampering.
- The opening ceremony of the 2018 Commonwealth Games has been inaugurated in which of the following stadiums of Australia?
A) Coolangatta Beachfront
B) Gold Coast Hockey Centre
C) Broadbeach Bowls Club
D) Carrara Stadium
View Answer
Option D
Explanation: The 21st edition of the Commonwealth Games begun in Gold Coast, Australia, with a colourful opening ceremony. Carrara Stadium has been chosen as the venue to host the opening ceremony. These Games marked the 5th time that Australia has hosted the games. India was represented at the opening ceremony by a contingent of over 200 athletes who were led by flag-bearer P V Sindhu.
- The Indian Army has recently signed an MoU with which bank on the defence salary package?
A) ICICI Bank
B) HDFC Bank
C) Yes Bank
D) Axis Bank
View Answer
Option B
Explanation: A Memorandum of Undertaking (MoU) tailor-made to suit the requirements of serving soldiers, pensioners and families, was signed between the Indian Army and HDFC Bank on the defence salary package.
- Which bank has launched India’s first social media based cross border remittance facility for NRIs named Social Pay?
A) ICICI Bank
B) Federal Bank
C) Axis Bank
D) Yes Bank
View Answer
Option A
Explanation: ICICI Bank has launched a cross-border remittance facility that can be used by NRIs for sending money to their friends and family in India through social media like WhatsApp and e-mail. Christened ‘Social Pay’, a sender needs to register on the remittance service application Money2India to transfer money to someone in India.
- India’s first blockchain based network went live recently to help MSMEs get quicker credit and better rates. The blockchain has been developed by__________
A) A.TReDS
B) Receivables Exchange of India
C) M1xchange
D) All of These
View Answer
Option D
Explanation: Three trade receivable discounting systems (TReDS)—digital invoice discounting platforms—approved so far by the RBI have jointly implemented a blockchain solution, which is expected to help reduce frauds in bills discounting or receivable financing. As of now, the Reserve Bank of India has licensed three entities to participate on the TReDS platform. The platforms—RXIL, A.TReDS and M1xchange—had been set up to bring together buyers, sellers and financiers for discounting the MSME invoices and provide them with timely funding.
- Who has been appointed as the new President of the Badminton Association of India (BAI)?
A) Tarun Gogoi
B) Himanta Biswa Sarma
C) Anurag Prabhu
D) Utkarsh Arora
View Answer
Option B
Explanation: Himanta Biswa Sarma has been elected as the President of the Badminton Association of India (BAI) for the next four years after winning the election during the federation’s annual general body meeting.
- Which among the given banks has received RBI’s nod to acquire securities services arm of IL&FS Securities?
A) Federal Bank
B) ICICI Bank
C) Kotak Mahindra Bank
D) IndusInd Bank
View Answer
Option D
Explanation: Private sector lender IndusInd Bank has received RBI’s approval to buy the securities services arm of IL&FS. In March 2017, the bank entered an agreement with Infrastructure Leasing and Financial Services, the promoter shareholder of IL&FS Securities Services Ltd (ISSL), to acquire 100 per cent stake in ISSL.
Static GK Based on Current Affairs
- Where is the headquarter of Badminton Association of India located?
A) Lucknow
B) New Delhi
C) Mumbai
D) Gurugram
View Answer
Option A
Explanation: Badminton Association of India (BAI) is the governing body of badminton in India. BAI is an association registered under the societies act. It was formed in 1934, and has been holding national-level tournaments in India since 1936.
- Which among the given banks do not have its headquarter in Mumbai?
A) IndusInd Ban
B) ICICI Bank
C) Bank of Baroda
D) HDFC Bank
View Answer
Option C
Explanation: Bank of Baroda (BoB) is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It has a corporate office in Mumbai.
- How many Trade Receivables Discounting System (TReDS) platform currently operates in India?
A) Five
B) One
C) Three
D) Seven
View Answer
Option C
Explanation: As of now, the Reserve Bank of India has licensed three entities to participate on the TReDS platform. These platforms include—RXIL, A.TReDS and M1xchange.
- Who is the Vice Chief of the Army Staff (VCOAS)?
A) Sarath Chand
B) Avtar Singh Lamba
C) Philip Campose
D) P C Bhardwaj
View Answer
Option A
Explanation: Chief of the Army Staff (COAS): General Bipin Rawat
- The Receivables Exchange of India Ltd (RXIL) is a joint venture between ____________ and NSE.
A) Axis Bank
B) SIDBI
C) ICICI Bank
D) EXIM Bank
View Answer
Option B
Explanation: Receivables Exchange of India Ltd (RXIL) was set up on February 25, 2016 as a joint venture of Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited (NSE), with an objective to operate India’s First Trade Receivables Discounting System (TReDS) – an online platform for financing of receivables of Micro, Small & Medium Enterprises. RXIL commenced operations on January 09, 2017.
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