Weekly CA Quiz: May 2018 3rd week with PDF

Explanation: China has launched a relay satellite named Queqiao, or “Magpie Bridge” as part of a groundbreaking programme to be the first to land a spacecraft on the far side of the moon later this year.

Explanation: An English translation of the Polish novel “Flights,” which combines tales about travel with explorations of the human body, was named as the winner of the prestigious Man Booker International Prize 2018. The novel has been written by Polish author Olga Tokarczuk and translated in English by Jennifer Croft.

Explanation: Bill Gold, one of Hollywood’s best-known creators of film posters, has died aged 97. The veteran illustrator who had hand in more than 2,000 posters began work at the film production company Warner Brothers in the 1940s.

Explanation: Philip Roth, the Pulitzer Prize winning American author of “American Pastoral” and “Portnoy’s Complaint”, has died. He was 85.A prolific and controversial writer, Roth was a dominant force in American literature throughout the latter half of the 20th century. He wrote more than 30 books.

Explanation: The government’s Bank Note Paper Mill India (BNPM) has received environment clearance (EC) to increase the production of bank note paper at its Mysuru unit in Karnataka from 12,000 tonnes per annum (TPA) to 16,000 TPA.

Explanation: Japanese director Hirokazu Kore-eda bagged the top prize — the Palme d’Or at the closing ceremony of the 71st Cannes Film Festival. Kore-eda won the Palme d’Or for ‘Manbiki Kazoku’ (Shoplifters) and is only the second Asian Palme d’Or winner this millennium (after Thailand’s Apichatpong Weerasethakul for ‘Uncle Boonmee Who Can Recall His Past Lives’, 2010).

Explanation: Multi Commodity Exchange of India Ltd. (MCX) has launched India’s first options contract on copper futures. Three contracts expiring in June, August and November 2018 with a lot size of 1 tonne were launched.

Explanation: Late veteran actress Sridevi was posthumously conferred with the BRICS Business Forum Leadership Award for Lifetime Achievement in Indian Cinema.

Explanation: The New York Stock Exchange (NYSE) has named Stacey Cunningham its first female chief in the history of the 226-year-old exchange.

Explanation: Every year on 21 May, the World Day for Cultural Diversity for Dialogue and Development is celebrated to promote the richness of the world’s cultures and and highlight the significance of its diversity for achieving peace and sustainable development.

Explanation: Chief Minister of Haryana, Shri Manohar Lal Khattar has announced the launch of ‘Chatra Parivahan Suraksha Yojana’ to ensure safety of girl students. Under this scheme, five or more girl students, will get free travel facility from their home to their educational institutions. 

Explanation: NITI Aayog vice-chairman Rajiv Kumar has estimated that Indian economy will achieve 9 percent growth rate on sustained basis by 2022 on the back of reforms like GST, demonetisation and the Insolvency and Bankruptcy Code (IBC). He said that Indian economy grew by 6.6 percent in 2017-18 and expected to grow at 7.5 percent this fiscal.

Explanation: Paris Saint-Germain’s Brazilian forward Neymar was named as France’s player of the year at an awards ceremony in Paris. The world’s most expensive player has scored 19 goals in just 20 league games for PSG.

Explanation: The Kerala Tourism Minister Kadakampally Surendran has announced that Kerala tourism will inaugurate the world’s largest bird sculpture, Jatayu Earth’s Centre in Thiruvananthapuram on July 4.

Explanation: Vice President M Venkaiah Naidu laid the foundation stone for the Southern Campus of National Institute of Disaster Management (NIDM) at Kondapavuluru in Krishna District of Andhra Pradesh.

Explanation: The critically endangered Chinese giant salamander, well known as the world’s largest amphibian, now faces the imminent threat of extinction in the wild.

Explanation: The International Bio-diversity Day is observed on 22nd May every year to increase understanding and awareness of biodiversity issues. The theme this year is, ‘Celebrating 25 Years of Action for Biodiversity’. 2018 marks the 25th anniversary of the entry into force of the Convention on Biological Diversity and to highlight progress made in the achievement of its objectives at the national and global levels.

Explanation: The 26th BASIC Ministerial Meeting of Environment Ministers was held in Durban, South Africa for co-operation to protect the climate for present and future generations. The grouping is a bloc of four countries – Brazil, South Africa, India and China – formed by an agreement on November 28, 2009.

Explanation: Iraq is to host a West Asia Football Federation championship at Basra Sports City stadium in the southern Iraqi city in November, the first international tournament to be staged in the country since the 1990s.

Explanation: After US, Russia and China, India has decided to include Artificial Intelligence in its defence forces with an aim to enhance the operational preparedness of the armed forces. A task force has been set up under the chairmanship of Tata Sons chairman N. Chandrasekaran to finalise the specifics and framework of the project.

Explanation: The Chinese archaeologist credited with discovering the ancient Terracotta Warriors, Zhao Kangmin, has died aged 82.

Explanation: Indian Naval Sailing vessel Tarini (INSV Tarini), with an all-women crew circumnavigating the globe for eight months under the Navika Sagar Parikrama project, successfully completed its mission and returned to Goa.

Explanation: Barcelona striker Lionel Messi has won his fifth European Golden Shoe after his team beat Real Sociedad 1-0 in its final La Liga Santander match of the season.

Explanation: India successfully test-fired BrahMos cruise missile under life extension program from a mobile launcher from the Integrated Test Range (ITR) at Chandipur along the Odisha coast. BrahMos is the first Indian missile whose life has been extended from 10 to 15 years.

Explanation: Martyrdom of former Prime Minister Rajiv Gandhi, also known as Anti Terrorism Day is observed across India on 21 May.

Explanation: Union Petroleum and Skill Development Minister, Dharmendra Pradhan said National Skill Development Mission aims at training over 40 crore people in the country in a wide range of skills by 2022.

Explanation: Rating agency Icra Ltd expects gross domestic product (GDP) growth in the fourth quarter of the fiscal 2017-18 at 7.4% on account of good rabi crop harvest and improved corporate earnings, up from 7.2% in the third quarter.

Explanation: Prominent British-American historian Bernard Lewis, a leading scholar on Oriental and Middle Eastern studies, died Sunday at the age of 101.

Explanation: Venezuela’s President and leftist leader, Nicolás Maduro has been re-elected for another second six-year term in presidential elections.

Explanation: Veteran writer, novelist Yaddanapudi Sulochana Rani, who along with her women counterparts Arikepudi Kousalya Devi and Ranganayakamma, heralded a new era in Telugu fictional literature since the 1950s, passed away at California. The writer, who hailed from Kaza village of Krishna district, was 78.

Explanation: In Tennis, Rafael Nadal has beaten Germany’s Alexander Zverev to win Italian Open title for a record eighth time. With this win, Spaniard regained the world number one ranking.

Explanation: Rajinder Singh has been named the new President of Hockey India (HI), following Mariamma Koshy’s resignation from the post. Singh, who is the Senior Vice President of HI was earlier the Treasurer of HI and currently serves as the Treasurer of Hockey Jammu & Kashmir.

Explanation: Veteran singer Asha Bhosle will be honoured with the highest civilian award Banga Bibhushan by the West Bengal government on May 21 in Kolkata. Asha Bhosle has been a part of the Hindi film industry for over six decade.

Explanation: Russia has unveiled world’s first floating nuclear power station at a ceremony in the port of the far northern city of Murmansk, where it will be loaded with nuclear fuel before heading to eastern Siberia. Called the Academik Lomonosov, the two-reactor 70-megawatt floating power plant has been built in Saint Petersburg and took 11 years in the making.

Explanation: The lone freedom fighter of Muzaffarnagar district, Raghuvir Singh, passed away after brief illness in Noida. He was 95. Singh was part of Subhas Chandra Bose’s Azad Hind Fauj, they said.

Explanation: Gujarat Governor Om Prakash Kohli has been given the additional charge of Madhya Pradesh as the incumbent Governor, Anandiben Patel is on leave.

Explanation: NITI Aayog, in association with Vision India Foundation, is organising the Venture Capital Symposium 2018 to deepen the economic relationships between France and India.

Explanation: Acclaimed Lavani singer and Padma Shri recipient Yamunabai Waikar passed away after a brief illness at the age of 103. In 2012, she was honoured with a Padma Shri.

Explanation: Megastar Amitabh Bachchan has been honoured by European Union for strengthening Europe-India cultural ties.

Explanation: A meeting of stakeholders on Samarth – Scheme for Capacity Building in Textile Sector under the Skill India Mission was held in New Delhi to familiarize the stakeholders about the scheme and its guidelines.

Explanation: An Indian charity named Jagriti Yatra, that organises 15-day train journeys around India to understand and build the India of smaller towns and villages through enterprise has won an award in London.

Explanation: Prime Minister Narendra Modi is on a one-day visit to the three regions – Leh, Kashmir and Jammu to lay the foundation stone for Zojila tunnel on the Srinagar-Leh National Highway beside launching several other development projects.

Explanation: India’s Shivangi Pathak has become youngest women of the country to scale world highest peak, Mt Everest, from Nepal side.

Explanation: BSE (Bombay Stock Exchange), Asia’s oldest stock exchange, has become the first Indian exchange to be recognised as a Designated Offshore Securities Market (DOSM) by the U.S. Securities and Exchange Commission (SEC).

Explanation: Since its establishment in 1977 by the International Council of Museums (ICOM), International Museum Day is recognized May 18 of each year by organizations around the world. This day is an occasion to raise awareness on how important museums are in the development of society. The theme chosen for 2018 is “Hyperconnected museums: New approaches, new publics“.

Explanation: Explanation: The International Day Against Homophobia, Transphobia and Biphobia is an observed on May 17 and aims to coordinate international events that raise awareness of LGBT rights violations and stimulate interest in LGBT rights work worldwide. The theme of IDAHOT 2018  is “Alliances for Solidarity”

Explanation: The U.S. Chamber of Commerce’s U.S.-India Business Council (USIBC) has appointed Ambika Sharma as the Managing Director for its India operations.

Explanation: World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on May 18 ever since it was first celebrated on May 18, 1998. The day is marked to increase the awareness of a continued need for a vaccine to fight against HIV, the virus that causes AIDS.

Explanation: Noted Tamil novelist, short story and script writer V Balakumaran died due to age related illness in Tamil Nadu. He was 71.

Explanation: Iconic actress Sridevi was posthumously honoured at the 71st Cannes Film Festival. Filmmaker Subhash Ghai received the award on her behalf.

Explanation: The first Para-National Games for differently abled athletes will be held under Khelo India scheme in June-July 2018 in Bengaluru.

Explanation: Hungary’s new parliament re-elected Viktor Orban as the Prime Minister for his fourth term who won the general elections with 49.42 per cent of the vote, at 81 per cent of the votes counted by the National Election office.

UN has raised India’s growth rate prospects to 7.5 per cent for this year and 7.6 per cent for the next year because of “robust private consumption”, supportive fiscal policies and benefits from past reforms.

Explanation: The grand finale of the “Queen of Mashups”, a unique global female Disc Jockeys (DJs) Championship is scheduled to be held on August 15, 2018 at the J W Marriott, Sahar Mumbai.

Explanation: The RBI has issued detailed Net Stable Funding Ratio (NSFR) guidelines to ensure that banks maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities.

Explanation: US-based Kathak dancer Anindita Anaam was honoured with the prestigious ‘Shri Jayadev Rastriya Yuva Pratibha Puraskar 2018’ for outstanding contribution to the field of art.

Explanation: The Reserve Bank of India (RBI) has modified some of its “terms and conditions” based on the suggestions received from the stakeholders for setting up of IFSC (International Financial Services Centres) Banking Units (IBUs).

Explanation: World Hypertension Day is observed every year on May 17, to raise awareness and promote hypertension prevention, detection and control.  The theme for World Hypertension Day 2018 is Know Your Numbers.

Explanation: In a major bureaucratic reshuffle involving 24 top IAS officers, the Centre has appointed senior IAS officers Amit Khare as the new secretary in the Information and Broadcasting Ministry. Khare, a 1985-batch IAS officer will take over the charge from incumbent NK Sinha who superannuates on May 31.

Explanation: The Union Cabinet has approved the establishment of National Institute of Mental Health Rehabilitation (NIMHR) at Bhopal as a society under the Societies Registration Act, 1860 under the aegis of the Department of Empowerment of Persons with Disabilities.

Explanation: Guwahati now has India’s first railway station run by solar power. The project of installing solar panels was commissioned last year in April 2017.

Explanation: The President of India has appointed Shri Uttam Pacharne, as regular Chairman of Lalit Kala Akademi. Shri Pacharne is an eminent artist and sculptor.

Explanation: A short film, ‘Raaya’, about an autistic girl has been chosen as India’s official entry into the Cannes Film Festival 2018. The film is produced by Rakesh Gupta and written by hypnotherapist Richa Agarwal.

Explanation:  Every year on May 17, the world celebrates World Telecommunication and Information Society Day. Theme of 2018: Enabling the positive use of Artificial Intelligence for All​

Explanation:  Every year on May 17, the world celebrates World Telecommunication and Information Society Day. Theme of 2018: Enabling the positive use of Artificial Intelligence for All​

Explanation: Veteran character actor Joseph Campanella, who has appeared in more than 200 TV and film roles over his 50-year career, is dead. He was 93.

Explanation: Indore has emerged as the cleanest city, followed by Bhopal and Chandigarh in the government’s cleanliness survey, Swachh Survekshan 2018.

Explanation: Top management institute IIM-Ahmedabad has launched the Bharat Inclusion Initiative, which aims to invest about USD 25 million in startups working in the areas of financial inclusion, livelihood, education and health over the next three to four years.

Explanation: The International Day of Families is observed on the 15th of May every year at the headquarters of United Nations and around the world. Theme for 2018 is “Families and inclusive societies”

Explanation: Margot Kidder, who found fame as Lois Lane in the 1978 film “Superman,” died at her home in Montana, US. She was 69 years old.

Explanation: The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi has approved an initial Corpus of Rs.5,000 crore for setting up of a dedicated “Micro Irrigation Fund” (MIF) with NABARD under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).

Explanation: In a first, a Post Office Passport Seva Kendra (POPSK) run by an all-woman team has started operations in Punjab’s Phagwara. Union Minister Vijay Sampla inaugurated the seva kendra in the local head Post Office. It is 192nd POPSK in the country, but first one to be operated by an all-woman team.

Explanation: YES BANK and YES Global Institute announced the launch of Agenda 25×25, which pledges to create a synergetic startup environment for budding women entrepreneurs in India. The initiative aims at ensuring that by 2025 at least 25% of all Entrepreneurs in India are Women.

Explanation: Virginia based award winning writer and journalist Tom Wolfe, who is noted for works like “The Bonfire of the Vanities”, “The Right Stuff” and “The Electric Kool-Aid Acid Test” has passed away in the US. He was 88.

Explanation: The Minister of Commerce and Industry Shri Suresh Prabhu launched the Intellectual Property (IP) mascot – IP Nani – at the conference on National Intellectual Property Rights Policy in New Delhi. An anti-piracy video featuring Mr. Amitabh Bachchan was also launched by the Minister at the event.