Current Affairs Quiz: July 01, 2017

Current Affairs Quiz 1 July 2017 

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Quiz from Current Affairs 30 June 2017 of A2Z – Click Here to Read Current Affairs of June 30, 2017

  1. For the development needs of less-developed States in India, which of the following banks has committed USD 10 billion support to India?
    A) International Monetary Fund
    B) Asian Infrastructure Investment Bank
    C) Asian Development Bank
    D) World Bank
    View Answer
     Option C
    Explanation
    :
    The Asian Development Bank has committed USD 10 billion support for infrastructure building and immediate development needs of less-developed States in India.
  2. Who has released the Financial Stability Report 2017?
    A) Finance Ministry
    B) Reserve Bank of India
    C) NITI Aayog
    D) National Payment Corporation of India (NPCI)
    View Answer
     Option B
  3. As per the new directive by the Reserve Bank of India, which of the following can facilitate withdrawals and transfers by the customer from his/her account with the other bank of which it is the Banking Correspondent?
    A) Small Finance Banks
    B) Post Offices
    C) Payments Bank
    D) Cooperative Banks 
    View Answer
     Option C
    Explanation
    :
    The Reserve Bank of India has said that if a payment bank (PB) has made arrangements with other banks to act as their Business Correspondent (BC), then the PB can facilitate withdrawals and transfers by the customer from his/her account with the other bank of which it is the BC.
  4. According to Financial Stability Report 2017 released by the Reserve Bank of India what is the expected GVA growth rate of India in 2017-18?
    A) 7.3%
    B) 7.6%
    C) 7.4%
    D) 7.7%
    View Answer
     Option A
    Explanation
    :
    According to Financial Stability Report 2017 released by The Reserve Bank, the ongoing accelerated reform initiatives like Goods and Sevice Tax and continuing political stability will push the economic growth. According to report, the GVA growth is expected to be higher at 7.3 per cent in 2017-18.
  5. From July 1, the Aadhar number is made mandatory to link with which of the following?
    A) PAN Number
    B) Driving Licence
    C) Ration Card
    D) Bank Account Number
    View Answer
     Option A
    Explanation
    :
    After July 1, the linking of  Aadhar number with PAN number is made mandatory and the government may declare a date after which the PAN not linked to Aadhaar will become invalid.
  6. For the upcoming July-September quarter, interest rate on small saving schemes has been reduced by how much percent?
    A) 0.1
    B) 0.15
    C) 0.2
    D) 0.25
    View Answer
     Option A
    Explanation
    :
    Government has lowered interest rate on small saving schemes by 0.1 per cent for the July- September quarter. The move will prompt banks to lower deposit rates
  7. Which section of the Income Tax Act, 1961 says that the every person who has an Aadhaar number and a PAN is required to link the two “on or before a date to be notified by the Central Government”?
    A) 138BB
    B) 139BB
    C)  138AA
    D) 139AA
    View Answer
     Option D
    Explanation
    :
    According to section 139AA of the Income Tax Act, 1961, every person who has an Aadhaar number and a PAN is required to link the two “on or before a date to be notified by the Central Government” — which has not yet been clarified.
  8. What is the interest rate for Kisan Vikas Patra (KVP) investments for July-September quarter?
    A) 7.8%

    B) 7.5%
    C) 7.4%
    D) 7.6%
    View Answer
     Option B
    Explanation
    :
    Kisan Vikas Patra (KVP) investments – 7.5 per cent and mature in 115 months.
  9. What is the interest rate for 5-year Senior Citizens Savings Scheme for July-September quarter?
    A) 8.1%

    B) 8.5%
    C) 8.4%
    D) 8.3%
    View Answer
     Option D
    Explanation
    :
    5-year Senior Citizens Savings Scheme – 8.3 per cent.
  10. What is the interest rate for Sukanya Samriddhi Account Scheme for July-September quarter?
    A) 8.1%
    B) 8.5%
    C) 8.4%
    D) 8.3%
    View Answer
     Option D
    Explanation
    :
    The one for girl child savings, Sukanya Samriddhi Account Scheme – 8.3 per cent  
  11. What is the interest rate for Public provident fund (PPF) scheme for July-September quarter?
    A) 7.8%

    B) 7.5%
    C) 7.9%
    D) 7.6%
    View Answer
     Option A
    Explanation
    :
    Public provident fund (PPF) scheme – 7.8 per cent.
  12. New GDP Base Year has been pegged to _____ from current 2011-2012 by the government
    A) 2018-19
    B) 2017-18
    C) 2016-17
    D) 2015-16
    View Answer
     Option B
    Explanation
    :
    This is mainly due to GST coming into effect from July 1, so another huge set of data would be generated and give a richer data base.
  13. Which of the following has announced to observes July 1 as GST Day?
    A) Reserve Bank of India (RBI)
    B) Central Board of Excise and Customs (CBEC)
    C) Ministry of Finance
    D) Central Government 
    View Answer
     Option B
    Explanation
    :
    With roll out of GST on July 1, Central Board of Excise and Customs (CBEC) has announced that July 1 will be known as ‘GST Day’ and will be celebrated in all offices of CBEC
  14. According to a data released by Swiss National Bank (SNB), money parked by Indians in Swiss banks hit has decreased to how much in 2016?
    A) Rs. 5,500 crore
    B) Rs. 6,500 crore
    C) Rs. 3,500 crore
    D) Rs. 4,500 crore
    View Answer
     Option D
    Explanation
    :
    According to the data released by Zurich-based SNB, money parked by Indians in Swiss banks have nearly halved to 676 Swiss francs (about Rs. 4,500 crore) in 2016.
  15. Where has the Prime Minister, Shri Narendra Modi inaugurated the filling of Aji Dam under Sauni Yojana?
    A) Himachal Pradesh
    B) Rajasthan
    C) Gujarat
    D) Haryana
    View Answer
     Option C
    Explanation
    :
    The Prime Minister, Shri Narendra Modi, has inaugurated the filling of Aji Dam near Rajkot, Gujarat under Sauni Yojana.
  16. Which of the following state government has made the Inner-Line Permit system paperless to allow hassle-free entry  of domestic visitor into the State?
    A) Himachal Pradesh
    B) Odisha
    C) Arunachal Pradesh
    D) Mizoram
    View Answer
     Option C
    Explanation
    :
    Arunachal Pradesh Government has made the Inner-Line Permit system paperless. State Chief Minister Pema Khandu launched the e-Inner Line Permit (eILP) programme, in Itanagar. The step has been taken to make hassle-free entry into the State for domestic visitors and give a further boost to tourism sector.
  17. Mumbai’s biggest station from Chhatrapati Shivaji Terminus (CST) has been renamed to_________
    A) Maharaj Chhatrapati Shivaji Terminus
    B) Chhatrapati Shivaji Maharaj Terminus
    C) Maharaj Shivaji Chhatrapati Terminus
    D) Shivaji Chhatrapati Maharaj Terminus
    View Answer
     Option B
    Explanation
    :
    Railways authorities have officially changed the name of Mumbai’s biggest station from Chhatrapati Shivaji Terminus (CST) to Chhatrapati Shivaji Maharaj Terminus.
  18. Who has been awarded the Queen’s Young Leaders Award for 2017 by Queen Elizabeth II at a ceremony in the Buckingham Palace?
    A) Ankit Kawatra
    B) Arnav Verma
    C) Arnav Sharma
    D) Ankit Kaushik
    View Answer
     Option A
    Explanation
    :
    Anti-hunger activist Ankit Kawatra has been awarded the Queen’s Young Leaders Award for 2017 by Queen Elizabeth II at a ceremony in the Buckingham Palace.
  19. Name the 11-years boy who has scored higher in an IQ test than Albert Einstein and Stephen Hawking.
    A) Ankit Kawatra
    B) Arnav Verma
    C) Arnav Sharma
    D) Ankit Kaushik
    View Answer
     Option C
    Explanation
    :
    Arnav Sharma-has scored higher in an IQ test than Albert Einstein and Stephen Hawking.
  20. Who has replaced Mukul Rohatgi as the new Attorney General of India?
    A) P.B. Sharma
    B) Padmesh Gupta
    C) K.K. Venugopal
    D) TS Vineeth Bhatt
    View Answer
     Option C
    Explanation
    :
    Senior lawyer in the Supreme Court of India and constitutional expert K.K. Venugopal has been appointed as a new 15th Attorney General replacing Mukul Rohatgi.
  21. Who has been appointed as the President of the Association of Indian Universities (AIU)?
    A) P.B. Sharma
    B) Padmesh Gupta
    C) K.K. Venugopal
    D) TS Vineeth Bhatt
    View Answer
     Option A
    Explanation
    :
    Eminent academic P.B. Sharma will take charge as President of the Association of Indian Universities (AIU). Sharma is currently the Vice Chancellor of Amity University Haryana, Gurugram.
  22. What is the rank of Ace Indian shuttler Kidambi Srikanth in the latest Badminton World Federation (BWF) rankings?
    A) 6
    B) 9
    C) 10
    D) 8
    View Answer
     Option D
    Explanation
    :
    Srikanth’s surged to eighth spot in rankings after lifting titles at the Australian Open Super Series and Indonesia Super Series Premier within a week’s time.
  23. Where is the 6th Joint Trade Committee Meeting between India and Myanmar held?
    A) Chennai
    B) New Delhi
    C) Mumbai
    D) Hyderabad
    View Answer
     Option B
    Explanation
    :
    6th Joint Trade Committee Meeting between India and Myanmar held at New Delhi
  24. Which space agency has launched Terrier-Improved Malemute sounding rocket to create colourful artificial clouds?
    A) National Aeronautics and Space Administration (NASA)
    B) Indian Space Research Organisation (ISRO)
    C) Japan Aerospace Exploration Agency (JAXA)
    D) Russian Federal Space Agency (RFSA or Roscosmos)
    View Answer
     Option A
    Explanation
    :
    The NASA has successfully launched Terrier-Improved Malemute sounding rocket that created colourful artificial clouds visible in the skies of the US. The rocket was launched from its Wallops Flight Facility in Virginia.
  25. SIERRA ODC building has been recognised as the world’s second highest ranking Green Building. It is located at
    A) Kochi
    B) Tirupati
    C) Chennai
    D) Coimbatore
    View Answer
     Option D
    Explanation
    :
    SIERRA ODC building in Coimbatore gets world’s second highest green rating
  26. How many points out of 110 has been scored by SIERRA ODC building in Coimbatore that made it to the world’s second highest ranking Green Building?
    A) 105
    B) 103
    C) 101
    D) 104
    View Answer
     Option B
    Explanation
    :
    SIERRA ODC building has been recognised as the world’s second highest ranking Green Building. The building has scored 103 points out of 110 under LEED certification.
  27. Which of the following country  is going to sell one USD 366.2 million C-17 transport aircraft to India?
    A) USA
    B) Russia
    C) France
    D) China
    View Answer
     Option A
    Explanation
    :
    US has decided to sell one USD 366.2 million C-17 transport aircraft to India. US and India have built a close defence relationship in recent years.
  28. Recently in June, 2017, which of the following country has legalised same-sex marriage in the country?
    A) Germany
    B) Britain
    C) France
    D) Spain
    View Answer
     Option A
    Explanation
    :
    The move brings Germany into line with many other European nations including France, Britain and Spain.
  29. Who has been honoured with a national award by the Indian Government for promoting Hindi literature abroad?
    A) P.B. Sharma
    B) Padmesh Gupta
    C) K.K. Venugopal
    D) TS Vineeth Bhatt
    View Answer
     Option B
    Explanation
    :
    Dr Padmesh Gupta, an Oxford poet has been honoured with a national award by the Indian Government for promoting Hindi literature abroad.
  30. Who has been conferred with the ‘Best astrologer of the world’ award at the ‘Russian-Indian economic dialogue’ round-table meet held in Moscow?
    A) P.B. Sharma
    B) Padmesh Gupta
    C) K.K. Venugopal
    D) TS Vineeth Bhatt
    View Answer
     Option D
    Explanation
    :
    Hyderabad -based astrologer and numerologist TS Vineeth Bhatt has been conferred with the ‘Best astrologer of the world’ award at the ‘Russian-Indian economic dialogue’ round-table meet held in Moscow.

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