Weekly CA Quiz: August 2018 1st week with PDF

Explanation: The Union Cabinet at a meeting chaired by Prime Minister Narendra Modi has approved raising of Extra Budgetary Resources of Rs.15000 crore through NABARD for the Swachh Bharat Mission during 2018-19.

Explanation: It is expected to gain investment for the sustainable development of eco-tourism projects in Andaman & Nicobar and Lakshadweep islands.

Explanation: It would also help farmers to dispose off their surplus stock in an economic manner and would also reduce the country’s dependence on oil imports.

Explanation: An intertidal art gallery, filled with around 30 sculptures acting as a habitat for coral and other marine species, was opened in the Maldives.

Explanation: Mauritius based SBM Group has received Reserve Bank of India’s approval to operate in the country through a wholly owned subsidiary route-the first foreign lender to receive such a licence after local incorporation was introduced in 2013.

Explanation: The Reserve Bank of India (RBI) Governor Urjit Patel said that Monetary Policy committee (MPC) has projected the GDP growth at 7.4 percent for this fiscal year as in the June statement.

Explanation: The 23rd Asian Athletics Championships will be held in Doha, from April 19 to April 24, 2019. The biennial continental event which is usually held in July-August has been preponed by the Asian Athletics Association (AAA) due to the intensely hot and humid summers in Doha.

Explanation: Hindi Academy Delhi has given its highest “Shalaka Samman” for 2017-18 to lyricist and poet Javed Akhtar.

Explanation: Popular Malayalam Ghazal Singer Umbayee has passed away. Umbayee, 66, was suffering from cancer.

Explanation: The Ministry of Culture launched a scheme called “Seva Bhoj Yojana” to reimburse central share of CGST and IGST on food, prasad, langar or bhandara offered by religious and charitable institutions.It has a outlay of Rs.325.00 crore.

Explanation: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the first extension of Concessional Financing Scheme(CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad for five years till 2023.

Explanation: Ministry of Textiles and Ministry of Power have joined hands under the initiative SAATHI(Sustainable and Accelerated adoption of efficient Textile technologies to help small industries).

Explanation: The Andhra Pradesh Government has approved the “Mukhyamantri Yuva Nestam”scheme that makes unemployed youth in the state, eligible of receiving Rs 1000 per month from the government.

Explanation: India successfully test-fired the endo-atmospheric Advanced Air Defence(AAD) interceptor missile which is a part of the country’s ballistic missile defence (BMD) shield against a multiple target scenario.

Explanation: National Bank for Agriculture and Rural Development has sanctioned Rs.772 crore for eight water projects in rural areas of Haryana.Works on these projects, which will supply water to 256 villages and 72 hamlets, are in progress.

Explanation: India’s economy is expected to clock GDP growth of 7.5% in this financial year according to a Morgan Stanley report.

Explanation: An Indian-born, Australian-raised mathematics genius Akshay Venkatesh has been awarded the Fields Medal,which is often called the Nobel Prize of mathematics.

Explanation: The developer claimed it as world’s first Hindi speaking realistic humanoid robot and India’s first lip-synching robot. Rashmi uses linguistic interpretation (LI), artificial intelligence (AI), visual data and facial recognition systems.

Explanation: The Lok Sabha passed the National Sports University Bill 2017 which seeks to establish a National Sports University in Manipur to promote sports education.

Explanation: FICCI Ladies Organisation, the women’s wing of Federation of Indian Chamber of Commerce and Industry has launched a mobile application aimed at creating awareness on preventive healthcare.

Explanation: Himachal Pradesh Chief Minister Jai Ram Thakur launched an awareness campaign named “Horn Not Ok” along with a statewide mobile app “Shoor Nahin” or no noise in Shimla and Manali.

Explanation: The government of Telangana signed MoU with Tech Mahindra, Nucleus Vision and Eleven01 Foundation to launch India’s first Blockchain District(Hyderabad), which will provide a complete ecosystem for the growth of blockchain technology.

Explanation: Typhoon Jongdari made landfall in Shanghai’s coastal Jinshan district according to the National Meteorological Centre. The situation has been handled in a timely manner and the rain has weakened, it said.

Explanation: Facebook announced the launch of a “Digital Literacy Library” to help young people build the skills they need to safely enjoy online technology.

Explanation: President Emmerson Mnangagwa of Zanu-PF – Zimbabwe’s ruling party, was declared the winner of the first Presidential Elections without the former’s successor, Robert Mugabe.

Explanation: FINO Payments Bank has been barred by RBI from adding new customers since the end of May 2018.

Explanation: Loksabha Speaker Sumitra Mahajan handed over 5 crore LPG connections under PMUY to Smt Takrdiran of Delhi in the Parliament House. The 5 crore feat has been achieved in the time period of over 2 years.

Explanation: The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to incentivise digital payment in the country.

Explanation: Finance Minister Piyush Goyal announced that a committee has been setup to look after the issues of MSMEs.

Explanation: The government of Karnataka launched the “Swachhameva Jayate”campaign in a bid to step up the cleanliness and hygiene efforts of the state. It programme, implemented by the Rural Decelopment and Panchayat Raj Department of the state, will first focus on rural areas.

Explanation: An indigenously designed and developed landing gear for the Unmanned Aerial Vehicle(UAV) Rustom2 has been successfully tested.

Explanation: Japan has pipped China as the world’s second largest stock market. The Chinese market was worth $6.09 trillion next to Japan’s $6.17 trillion.USA topped the list.

Explanation: India’s co-operative banking sector is set to undergo a transformation with the concept of Umbrella Organisation(UO) of Urban Co-operative Banks(UCBs) seen as an answer to issues plaguing the sector.

Explanation: The Asia-Pacific Institute of Broadcasting Development (AIBD) elected Fayyaz Sheheryar,Director General Of All India Radio,as its new President.

Explanation: Justice Geeta Mittal was appointed as the Chief Justice of the Jammu and Kashmir High Court, becoming the first woman judge in the history to head it.

Explanation: “The Unending Game:A former R&AW Chief’s Insights into Espionage has been written by Vikram Sood. Vikram Sood is the former head of India’s foreign intelligence agency, the Research and Analysis Wing from 2000 to 2003.

Explanation: Recognized internationally as an expert in Library Science, Deshpande was instrumental in setting up and developing libraries at Karnatak University, Gulbarga University, UAS, Dharwad, Mangalore University, Bangalore University and Goa University.

Explanation: Veteran German Striker Mario Gomez has announced his retirement from international football.

Explanation: Bharatiya Janata Party (BJP) president Amit Shah inaugurated the new Deen Dayal Upadhyaya Junction Railway Station,which was earlier known as Mughalsarai.

Explanation: Ajay Data is the first Indian to have been selected as a member of ccNSO and will be representing India at a global level.

Explanation: Sports Minister of India, Col. Rajyavardhan Singh Rathore, launched the Rugby World Cup 2019 Trophy Tour in India, welcoming the Webb Ellis Cup to Delhi.

Explanation: The Indian army has conducted the final co-ordinating conference for the Joint Military Exercise(MILEX-18) in Pune.MILEX-18 will be held at the Foreign Training Node at Aundh Military Station in Pune,Maharashtra in September.

Explanation: Bihar Chief Minister Nitish Kumar has launched an ambitious scheme which promises to provide Rs.54100 from the birth of a girl child till she graduates. Kumar launched the “Mukhyamantri Kanya Utthan Yojana and expressed his government’s resolve for empowerment of women.

Explanation: Andhra Pradesh Chief Minister unveiled the world’s first ever high energy storage device in Amravati, Andhra Pradesh.

Explanation: The central government launched an online management system-Bidder Information Management System(BIMS) to expedite land acquisition and the bidding process for road construction.

Explanation: Well-known Kannada poet and critic Sumatheendra R Nadig has passed away. The 83-year-old writer was an important name in the modernist literary movement in Karnataka in the 60s and 70s. He also headed the National Book Trust in the 90s.

Explanation: Senior financial journalist Mony K Mathew , who retired as senior assistant editor at The Hindu-BusinessLine, has passed away after a heart attack. He was 66.

Explanation: Former TN CM and DMK President M.Karunanidhi who was one of the two poles in the state and who was in public life for 80 long years, has passed away after waging a grim battle for life. He was 94 years old.

Explanation: In an effort to foster a spirit of friendship and take defence ties to a new level, Armies of India and Thailand have started joint exercise “Maitree 2018” from August 6 in Chachoengsao Province of Thailand.

Explanation: Google has released its latest version of Android Opera ting System –Android 9 Pie, which harnesses the power of Artificial Intelligence (AI) to predict how users would like to experience their devices while offering a smoother navigation system and an easier way to track and limit usage of apps.

Explanation: Karnataka launched a round-the-clock information and grievance helpline for SCs and STs across the state.”Kalyana Kendra” helpline will allow members of these communities to get information on the state’s welfare programmes for them as well as register complaints.

Explanation: “GoaMiles”, would ensure that commuters are not cheated and at the same time would increase the earnings of taxi drivers by “two to three” times.

Explanation: Expanding its infrastructure footprint in India, online retail major Amazon India opened its largest fulfillment centre in Haryana with a view to enhance customer experience ahead of the festive season.

Explanation: PHD Chamber of Commerce and Industry (PHDCCI) and Confederation of Nepalese Industries (CNI) have signed an MoU to establish India-Nepal Centre in Kathmandu,Nepal.It will further strengthen economic engagement between the two countries.

Explanation: SriLanka’s Hambantota Port is gearing up to become a leading port in the Indian Ocean Region.The location of the port had always been extremely advantageous as it was located just a little less than half a nautical mile from the sea lanes.