Weekly CA Quiz: June 2018 4th week with PDF

Explanation: India has moved up a place to 35th spot in JLL’s Global Real Estate Transparency Index 2018, registering maximum improvement in transparency over the last two years. According to the survey, UK is at the top position followed by Australia and the US.Venezuela is the least transparent market with 100th rank.

Explanation: The Government of India will celebrate July 1, 2018, as ‘GST Day’ to mark the first anniversary of the new indirect tax regime. Goods and Services Tax (GST) was rolled out in the intervening night of June 30 and July 1 in 2017.

Explanation: The Central Reserve Police Force (CRPF) has prepared a team of lady commandos dubbed as ‘Super 500′ to deal with the rising number of women participants involved in the incident of stone pelting across Jammu & Kashmir region to target security forces.

Explanation: The NITI Aayog recently launched the first Delta ranking (incremental progress) for the Aspirational Districts, based on self-reported data of districts between March 31, 2018 to May 31, 2018. Dahod district in Gujarat has been ranked first among 108 ‘aspirational districts’. West Sikkim district stood second. The NITI Aayog has ranked 108 districts out of 112 Aspirational Districts.

Explanation: The Government of India had notified the Electoral Bond Scheme 2018 on January 2, 2018. The fourth tranche of electoral bonds sale will take place from July 2-11. State Bank of India (SBI), in the 4th phase of sale, has been authorised to issue and encash Electoral Bonds through its 11 Authorised Branches. The sale of first batch of electoral bonds took place between March 1 and March 10, 2018. The second phase was launched on April 2 till April 10. The third phase took place during May 1-10.

Explanation: State Bank of India (SBI) managing director B Sriram has resigned from the country’s largest lender after his appointment as chief executive of IDBI Bank. The government recently appointed Sriram as managing director and CEO of IDBI Bank for a temporary period of three months following M K Jain demitting office to take over as Deputy Governor of RBI.

Explanation: Four engineering students from Hindustan Institute of Technology and Science near Chennai, Tamil Nadu have developed the world’s lightest satellite ‘Jaihind-1S’. The satellite developed by first year students team headed by Harikrishnan KG will be launched by NASA in August.

Explanation: The Commerce and Industry Minister Suresh Prabhu launched a mobile application “ReUnite” to trace missing and abandoned children in India.

Explanation: The International Kabaddi Federation (IKF) has appointed Janardan Singh Gehlot  as the President of the federation for the next four years. The announcement was made during the Annual General Congress (AGC) of the IKF in Dubai on June 29.

Explanation: The Multi Commodity Exchange of India (MCX) has signed an MoU with the Maharashtra government to launch Cotton Mission for empowering cotton farmers in the Vidarbha region. It will create farmers groups and help them to connect to the exchange’s organised market network to sell their produce in a national market for better price realisation.

Explanation: DBS Bank of Singapore is set to launch its India subsidiary in October, the second foreign bank in the country to convert its local operations into a wholly-owned entity. State Bank of Mauritius was the first to open a local subsidiary in India last year, after RBI came out with the regulations in 2013.

Explanation: The United Arab Emirates (UAE) has proposed to set up a consulate in Hyderabad in a bid to boost the cordial relationship between Telangana and UAE.

Explanation: Noted Hollywood actor Stanley Anderson passed away after he was diagnosed with brain cancer. He was 78.

Explanation: The US State Department’s annual “2018 Trafficking in Persons Report” has designated North Korea as one of the worst human trafficking nations for the 16th consecutive year as it does not fully meet the minimum standards for the elimination of trafficking and is not making significant efforts to do so.

Explanation: The Government of Gujarat has received 100 units of digital farming as gift from Israel during Chief Minister Vijay Rupani’s  six-day-long visit to Israel with a high-level delegation. The digital farming units were presented by Netafim is an Israeli irrigation solutions providing.

Explanation: In recognition of the notable contributions made by Late Professor Prasanta Chandra Mahalanobis in the fields of statistics, statistical system and economic planning, Government of India in 2007, has designated June 29 as the “Statistics Day” in the category of Special Days to be celebrated every year at the National level.

Explanation: Asia’s first Arbitration Centre specialised in intellectual property is slated to open in Tokyo in September to resolve the growing number of disputes in the region.

Explanation: Bollywood actress Sonakshi Sinha has collaborated with UNESCO to promote a safe and secure cyber environment for youngsters to ensure they are not targeted for bullying, abuse, exploitation and more through the internet.

Explanation: The Central Government has decided to replace the apex higher education regulator body University Grants Commission (UGC) with Higher Education Commission of India (HECI) to provide “more autonomy” to higher education institutes to promote excellence and facilitate holistic growth of the education system.

Explanation: The Export-Import Bank of India (Exim Bank) has extended USD 10 million worth of line of credit (LOC) to Seychelles for healthcare and procurement of goods and projects. The LOC is the first tranche of the USD 50 million sanctioned by the Exim Bank to the country.

Explanation: As part of the India’s first inter-state translocation of tigers project, a male tiger (MB2) about 3 years old was transferred from Kanha National Park, Madhya Pradesh to Satkosia Tiger Reserve, Odisha. Similarly, a 27 month old female cub was shifted from Bandhavgarh Tiger Reserve (BTR), Madhya Pradesh to Satkosia Tiger Reserve (STR) in Odisha.

Explanation: According to a report from organization European Transport Safety Council (ETSC), Norway observes the lowest rate of traffic accidents in the world, leaving behind other European countries.

Explanation: The Punjab Cabinet has approved the death penalty for males held guilty of the rape of a girl younger than 12 years. The state has approved republication of the Criminal Law (Amendment) Ordinance 2018 of the centre, to make the law on rape more stringent, in the Punjab gazette.

Explanation: The NASA space agency has delayed the launch of its flagship highly anticipated James Webb Space Telescope by another 10 months. The successor to the agency’s iconic Hubble Space Telescope, Webb was earlier scheduled to be launched in May 2020 but has now been pushed back to March 2021 due to some technical challenges and tasks remaining before launch.

Explanation: Ministry of Women and Child Development, Government of India organized a day-long Seminar on Technology Partnerships for Steering POSHAN Abhiyaan called ‘TECH-THON’ for POSHAN Abhiyaan – PM’s Overarching Scheme for Holistic Nourishment on June 28, 2018 at Pravasi Bharatiya Kendra in New Delhi.

Explanation: India’s middle-distance runner Jinson Johnson created history as he broke 42 year old record set in Indian athletics to win the gold medal in the men’s 800m event at the 58th National Inter State Championships at the Indira Gandhi Stadium in Guwahati.

Explanation:16 year old Indian shooter Saurabh Chaudhary created a new world record to win a gold medal in the 10m air pistol event at the ISSF Junior World Cup in Suhl, Germany.

Explanation: Senior bureaucrat S Ramesh has been appointed as the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes.

Explanation: The United Nations International Day in Support of Victims of Torture is held annually on 26 June to speak out against the crime of torture and to honor and support victims and survivors throughout the world. On June 26, 1987, the Convention against Torture came into force. The first International Day in Support of Victims of Torture was held on June 26, 1998.

Explanation: Nearly 10 years after India launched Chandrayan-1 aircraft which completed over 3,400 orbits around the moon, the country is once again all set to attempt a similar mission dubbed as Chandrayaan-2, in October 2018. The Indian Space Research Organisation (ISRO) will send a rover to the Moon in October to research the prospects of mining helium-3 and water.

Explanation: Mumbai continues to be the most expensive city in India to live in for expatriates according the 2018 cost of living survey by global consulting firm Mercer.

The President of India, Shri Ram Nath Kovind, inaugurated the Udyam Sangam-2018 on June 27, 2018 to celebrate the 2nd United Nations Micro, Small and Medium-sized Enterprises Day.

Explanation: According to a report titled “Summer 2018 State of the Internet/ Security: Web Attack report” compiled by Cloud delivery network provider Akamai Technologies, India is ranked fourth in the list of top 10 target countries for Web Application Attacks.

Explanation: Lawrence Haddad, a food policy researcher and a British economist along with Dr David Nabaroo who have worked with United Nations on health and hunger issues and WHO have been named the 2018 World Food Prize Laureates during a ceremony at the U.S. Department of Agriculture.

Explanation: The Government of India has imposed a ban on the manufacture of Oxytocin drug for domestic use with effect from July 1, 2018. It has also banned the import of Oxytocin and its formulations. No private manufacturer will be allowed to manufacture the drug for domestic use from the said date. Besides, the Ministry of Health and Family Welfare has allowed only Karnataka Antibiotics & Pharmaceuticals Ltd (KAPL), a public sector company, to manufacture this drug for domestic use from that date.

Explanation: The Goa Tourism Development Corporation (GTDC) is all set to launch its own mobile application-based taxi service named ‘Goamiles’ from July 2018 to some key tourist destinations in the state.

Explanation: The world’s largest multilateral naval exercise Rim of the Pacific (RIMPAC) is all set to begin off Hawaii in the Western Pacific Ocean on June 27.  The two-month long biennial exercise is likely to be attended by navies of 26 countries including India. Indian Naval Ship Sahyadri has already reached the Pearl Harbour in Hawaii to participate in the 26th edition of RIMPAC exercise.

Explanation: Prominent South African Indian cinema personality Moosa Aboobaker Moosa passed away. He was 75.

Explanation: Prime Minister Shri Narendra Modi has approved contribution of Grant-in-Aid (Corpus) of Rs.1,040 crore to National Export Insurance Account Trust (NEIA).

Explanation: Punjab Government has launched a campaign encouraging farmers to voluntarily adopt a new scheme named ‘Paani Bachao, Paise Kamao’, to check depletion of underground water.

Explanation: The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the capital infusion of Rs.2000 crore for strengthening of  Export Credit Guarantee Corporation (ECGC).

Explanation: The United Arab Emirates (UAE) based carrier Emirates Airline has launched a joint project with US Crop One Holdings to build the world’s largest vertical farming facility near Dubai’s Al Maktoum International Airport.

Explanation: The Union Cabinet has approved the proposal of Department of Health Research, Ministry of Health and Family Welfare to increase the age of receiving pension of general duty medical officers, specialist grade doctors and teaching medical faculty working in Bhopal Memorial Hospital and Research Centre (BMHRC) to 65 years.

Explanation: The Fourth Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) will take place in Luxembourg in July 2019.

Explanation: The Government has proposed to set up 3000 Van Dhan Kendras involving 30,000 SHGs across the country under the Van Dhan Scheme of the Ministry of Tribal Affairs to provide skill up-gradation and capacity building training for value addition of forest produce.

Explanation: The Godikan panchayat in Haryana has become India’s first panchayat to pass ‘No Toilet No Bride’ resolution. The idea behind the resolution is to marry off girls only to families that have a toilet in their house.

Explanation: Bharti Airtel has appointed Ajay Chitkara as Director and Chief Executive Officer of Airtel Business to head the domestic and global enterprise business as one unit.

Explanation: In a bid to help the Seychelles enhance its surveillance capabilities to tackle maritime threats, India has gifted them a second Dornier aircraft. The Seychelles president said the aircraft, Dornier 228, would help to maintain security in the coastal surveillance capacity of his Indian Ocean island nation.

Explanation: Aviva Life Insurance has launched a chatbot named “ALISHA” in partnership with Findability Sciences, a cognitive and artificial intelligence (AI) solutions company.

Explanation: Pallavi Durua, who belongs to Odisha’s Koraput district, was crowned as the first Tribal Queen at the Adi Rani Kalinga Tribal Queen competition held at Utkal Mandap in Bhubaneswar. Panchami Majhi of Titlagarh and Rashmirekha Hansdah of Mayurbhanj were declared as the first and second runners-up of the beauty pageant respectively.

Explanation: The state government of Haryana has made the use of LED bulbs and tube lights mandatory in all offices under the Haryana government.

As per the announcement, India will now be contributing $15 million instead of $ 12 million to the GEF’s new four-year investment cycle, known as GEF-7. Global Environment Facility (GEF) is a mechanism to provide grants for environment projects across the globe including India.

Explanation: The WWF-India has come up with its first-ever comic book that revolves around the geographical diversity of India.  The series has been developed for WWF-India by Rohan Chakravarty, cartoonist, illustrator and creator of Green Humour (www.greenhumour.com) with essays by Bijal Vachharajani, author and editor of children’s books.

Explanation: Based upon the report of a survey of global experts by the Thomson Reuters Foundation, India has been ranked as the most dangerous country for women in the world due to the high risk of sexual violence and being forced into slave labour.

Explanation: The Government of India has pledged USD 5 million assistance to the UN agency that helps Palestinian refugees, to make up for the shortfall in its funding following US’ cut in its annual aid to UNRWA.

Explanation: Commonwealth gold medal-winning weightlifter Sathish Kumar Sivalingam is the first Indian weightlifter to become brand ambassador for a product/service. Sivalingam has been roped in by “i steel TMT bars” as he represents the core attributes of i steel brand strength and flexibility.

Explanation: The International Day against Drug Abuse and Illicit Trafficking is observed annually on 26 June, since 1989. The day is an effort of the United Nations aimed at strengthening action and spreading awareness about drug abuse and illegal drug trade in the world. The theme for 2018 International Day against Drug Abuse and Illicit Trafficking is “Listen First: Listening to Children and Youth is the first step to help them grow healthy and safe”.

Explanation: Prime Minister, Narendra Modi inaugurated the 11-km elevated Bahadurgarh-Mundka Metro Line build at a cost off Rs 2,028-crore via video conference on June 24, 2018. Bhadurgarh, also known as the Gateway of Haryana, is the third place in Haryana, after Gurugram and Faridabad to be connected to Delhi via metro line.

Explanation: In a bid to enhance tourism in the state, the Uttar Pradesh government has decided to develop the Garhmukteshwar town in Hapur district of the state as a major tourist destination on the lines of Haridwar in Uttarakhand. The cost of the project is estimated to be Rs 500 crore.

Explanation: Veteran Bollywood actor Prem Chopra was honoured with the Living Legend Prize at the 25th annual Bharat Nirman awards in Kolkata.

Explanation: In a historic event, Chennai based R Praggnanandhaa has become India’s youngest and the second youngest Grandmaster in the world at 12 years, 10 months and 13 days. Sergey Karjakin of Ukraine had become the youngest Grandmaster at 12 years, seven months in 1990.

Explanation: India’s newest and first robotic telescope called GROWTH-India has been launched at the Indian Astronomical Observatory (IAO) at Hanle in Ladakh.

Explanation: International Widows Day is a global awareness day that takes place annually on June 23. The day was launched by the United Nations in 2010 to raise awareness of the violation of human rights that widows suffer in many countries following the death of their spouses.

Explanation: Prime Minister Narendra Modi was on a day long visit to Madhya Pradesh where he inaugurated several urban development projects at various locations across the State worth over Rs 4700 crore. Modi inaugurated the state government’s urban transport scheme named ‘Sutra Seva’. Initially this economical bus service-‘Sutra Seva: MP Ki Apni Bus’- is being introduced in 20 selected cities of the state.

Explanation: India’s Amit Kumar Saroha has clinched the gold medal in the men’s club throw F51 event at the World Para Athletics Grand Prix in Tunisia. The wheelchair-bound Indian athlete, a world silver medallist, produced the season’s best performance of 29.42m to bag the gold.

Explanation:State-run carrier Air India has introduced ‘Maharaja Direct’, a new category of seats for the passengers on long-haul international flights. The revamped Maharaja business class was launched by the Civil Aviation Minister Suresh Prabhu on June 22.

Explanation: The Government of Delhi has bagged four Order-of-Merit Awards from SKOCH during its 52nd SKOCH Summit in New Delhi.

Explanation: Indian swimmer Sandeep Sejwal clinched the gold medal in men’s 50 meter breaststroke event with a timing of 27:59 seconds at the Singapore National Swimming Championships in Singapore.

Explanation: Veteran rock climber and mountaineer Gautam Kanjilal passed away of lung infection in Kolkata. He was 69.

Explanation: Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) have signed a Memorandum of Understanding (MoU) to jointly develop and build an integrated refinery and petrochemicals complex at Ratnagiri in Maharashtra.

Explanation: After 15 years in office, Turkey’s President Recep Tayyip Erdogan is set to return to power once again for another 5 years following his outright election victory in the recently concluded polls. With 99 percent of votes counted, Mr Erdogan (64) won 53 percent votes and his closest rival Muharrem Ince won 31 percent

Explanation: Best Picture: Tumhari Sulu
Best Actor Male: Irfan Khan for (Hindi Medium)
Best Actor Female: Sridevi (posthumously) (Mom)
Best Director: Saket Chowdhary (Hindi Medium)
Best Supporting Actor Female: Meher Vij (Secret Superstar)
Best Supporting Actor Male: Nawazuddin Siddiqui (Mom)

Explanation: Prime Minister Narendra Modi has approved a proposal to set up a committee to lay down standards for metro rail systems in the country. The committee will be headed by E Sreedharan, also known as the “Metro Man”.A retired Indian Engineering Service (IES) officer, Sreedharan has served as the managing director of Delhi Metro from 1995 to 2012.

Explanation: The Mercedes driver Lewis Hamilton reclaimed the world championship lead with a victory in the French Grand Prix. This was his third win of the season. Max Verstappen (Red Bull) climbed two places on the grid to come home second behind Hamilton with Kimi Raikkonen (Ferrari) claiming third position.

Explanation: The United Arab of Emirates (UAE) has announced to host a two-day “World Tolerance Summit” in November 2018 that will coincide with the International Day of Tolerance (Nov 16).

Explanation: Prime Minister Modi has announced a line of credit worth 100 million USD for Seychelles for augmenting its defence capabilities.

Explanation: A prolific and award-winning poet and writer Donald Hall at the age of 89. He was the United States Poet Laureate for 2007-’08, and received the Robert Frost Medal in 1991 and the National Medal of Arts, the nation’s highest honour for artists, in 2010.

Explanation: Spain’s Rafael Nadal has reclaimed the top spot in the men’s Association of Tennis Professionals (ATP) world singles rankings released recently while Switzerland’s Roger Federer came in second.

Explanation: Romania’s Simona Halep retained the number one spot in the Women’s Tennis Association (WTA) rankings released recently with 7,970 points. While Caroline Wozniacki (Denmark) acquired the second spot with 6,745 points, Spain’s Garbine Muguruza maintained her third spot with 6,550 points.