Weekly CA Quiz: August 2018 2nd week with PDF

Explanation: The Reserve Bank of India (RBI) will transfer Rs.50,000 crore as surplus to the central government for the year ended June 30,2018.

Explanation: State Bank of India (SBI) launched the Multi Option Payment acceptance Device or MOPAD, a unified payment option that accepts multiple payment methods.

Explanation: India’s under-20 team won over Argentina under-20 in the final group stage match of the COTIF Cup held in Valencia’s Els Arcs Stadium.India was playing in the tournament for the first time.

Explanation: Colombia’s President-elect Ivan Duque has been sworn as the country’s 60th President, amid concern over the influence he will have on the country’s peace process.

Explanation: A facial recognition system will be used across an Olympics for the first time as Tokyo organizers work to keep security tight and efficient at dozens of venues during the 2020 Games.

Explanation: The Union Cabinet gave its approval for the joint issue of postage stamps between India and South Africa on the theme of 20 years of strategic partnership between the two countries.

Explanation: The Ministry of HRD has embarked on a major and new initiative Project called “Study Webs Of Active Learning For Young Aspiring Minds” (SWAYAM), which will provide one integrated platform and portal for online courses. This covers all higher education subjects and skill sector courses.

Explanation: Union Minister of Commerce & Industry and Aviation Suresh Prabhu launched “Niryat Mitra”-mobile application in New Delhi. The app is developed by the Federation of Indian Export Organisations (FIEO).

Explanation: The Odisha Govt.would reward people on returning used bottles and Orissa State Cooperative Milk Producers Federation (OMFED) polythene containers from October this year.

Explanation: The Khangchendzonga Biosphere Reserve in Sikkim has become the 11th Biosphere Reserve from India that has been included in the UNESCO designated World Network Of Biosphere Reserves(WNBR).

Explanation: Digital payments major Paytm announced the acquisition of Bengaluru-based smart-savings management start-up Balance Tech for an undisclosed amount.

Explanation: The Competition Commission has cleared US Retail giant Walmart’s proposed acquisition of Flipkart, a deal estimated to be worth $16 billion.

Explanation: National Democratic Alliance (NDA) candidate Harivansh Narayan Singh was announced as the new Rajya Sabha Deputy Chairman after he received 125 votes, while Congress’ BK Hariprasad got 105 votes out of the total 332.

Explanation: UN Secretary-General Antonio Guterres announced the appointment of Michelle Bachelet,Chile’s twice serving president who endured torture under the Pinochet regime, as the world body’s next human rights chief.

Explanation: Actress Manisha Koirala has penned her first book titled “The book of Untold Stories”.

Explanation: Australian golfer Jarrod Lyle has passed away at the age of 36 years after a long battle with leukaemia.

Minister of State for Culture Mahesh Sharma released three books, including one on “secret broadcasts” during the Quit India movement, at the Indira Gandhi National Centre for the Arts (IGNCA). The books are titled “Jewellery: A Scientific Study of Social Tradition”, “Ghats of Banaras” and “Untold Story of Broadcasting”.
“Untold Story of Broadcasting” authored by historian Gautam Chatterjee
“Jewellery”, written by author-journalist Gulab Kothari
“Ghats of Banaras” has been co-authored by IGNCA Cultural Informatics Director Pratapanand Jha and Sachidanand Joshi

Explanation: NCW member Rekha Sharma has been appointed as the chairperson of the National Commission for Women. Rekha Sharma was earlier a member of the Commission and was holding the additional charge of chairperson.

Explanation: The Centre has re-appointed Ram Sewak Sharma as chairperson of the TRAI for a further period of two years.

Explanation: The United Arab Emirates (UAE) has emerged as the top source of inward remittances, while Kerala has received the maximum funds sent from abroad, according to the RBI’s survey of inward remittances for 2016-17.

Explanation: According to the International Monetary Fund (IMF), India’s GDP is poised to grow by 7.3 percent in the 2018-19 fiscal and 7.5 percent in 2019-20 on strengthening of investment and robust private consumption.

Explanation: HSBC has launched a new digital platform “MyDeal” to simplify capital raising process through capital markets by providing real-time access to information such as investors’ feedback, profiles, client orders and deal pricing.

Explanation: Axis Bank has become the first bank in the country to introduce Iris Scan Authentication feature for Aadhaar-based transactions through its micro ATM tablets.

Explanation: NASA is all set to launch its historic small car-size probe to “touch the sun” from Cape Canaveral Air Force Station in Florida.

Explanation: Human Resource Development (HRD) Ministry announced a spending of Rs 418 crore from 2018-20 on collaborative research between Indian and foreign institutes under the “Scheme for promotion of Academic and Research Collaboration”.

Explanation: The President of India, Ram Nath Kovind, inaugurated the “One District One Product” Summit in Lucknow,Uttar Pradesh. The special emphasis was laid on micro, small and medium enterprises (MSMEs).

Explanation: The government has set up a four-member group of ministers (GoM) headed by trade minister Suresh Prabhu to advise prime minister Narendra Modi on whether to continue with or withdraw from the 16-member Regional Comprehensive Economic Partnership (RCEP) negotiations.

Explanation: Defence Minister Nirmala Sitharaman and Uttar Pradesh Chief Minister Yogi Adityanath launched a defence industrial corridor in Aligarh,UP. The move is part of the government’s efforts to develop specialised zones dedicated to defence production in the state.

Explanation: Ahead of the Independence Day, the Delhi Police inducted India’s first all women Special Weapons and Tactics(SWAT)team for anti-terrorist operations.

Explanation: To tackle the growing menace of stray dogs and monkeys in the state, the Delhi Assembly constituted a five-member committee for the same.The committee, which has been given the responsibility to come up with the solution to tackle the issue, will be headed by Aam Aadmi Party (AAP) Member of the Legislative Assembly (MLA) Somnath Bharti.

Explanation: India’s rank on the Global Innovation Index has improved from 60th last year to 57th this year. India has been consistently climbing the GII ranking for the past two years. Its position improved from 80 in 2015 to 66 in 2016 after sliding for successive five years.Switzerland topped the list.

Explanation: As part of Shanghai Cooperation Organization (SCO) initiatives, SCO Peace Mission Exercise is conducted biennially for SCO member states. The joint exercise for the year 2018 will be conducted by Central Military Commission of Russia from 22 August to 29 August 2018 at Chebarkul, Chelyabinsk, Russia.

Explanation: Mittal had been previously appointed as the Chief Justice of the Delhi High Court on April 14, 2017, after the retirement of Chief Justice Gorla Rohini.

Explanation: British Novelist and Nobel prize winner for literature,Sir VS Naipaul has passed away. Naipaul was awarded the Nobel Prize for literature in the year 2001, “for having united perceptive narrative and incorruptible scrutiny in works that compel us to see the presence of suppressed histories.

Explanation: Virat Kohli is at the first position with 1404 runs in his bag through 509 runs in Test cricket, 146 in T20Is and 749 in Odis

Explanation: Exim Bank of India has signed a multilateral cooperation agreement with member development banks of BRICS to undertake “collaborative research” in distributed ledger/blockchain technology.

Explanation: Santhali has become the first Indian tribal language to get a Wikipedia edition in its own script after the Santhali Wikipedia went live earlier this month.

Explanation: Indian space agency ISRO will launch GSAT -32 satellite in October 2019 to replace GSAT -6A which stopped communicating a few days after its launch on March 29.

Explanation: The Union Government has unlocked green funds worth over Rs.66,000 crore to increase the country’s forest cover.

Explanation: Pune is the most liveable city, followed closely by Navi Mumbai and Greater Mumbai in a ranking of 111 Indian cities with the national capital ranked at a lowly 65 on the Ease of Living Index released by the government.

Explanation: The lander on the Chandrayaan-2 mission, which is scheduled to be launched in January 2019 will be named “Vikram” after Vikram Sarabhai,the father of Indian space programme. The Indian Space Research Organisation (ISRO) has got clearance from the space commission.

Explanation: The festival was inaugurated by Chief Minister of Province 2 Mohammad Lalbabu Raut. The festival is aimed at strengthening Indo-Nepal ties.

Explanation: Country’s largest lender SBI is considered to be the most patriotic brand, according to a survey conducted by UK-based online market research and data analytics firm YouGov,

Explanation: 17-time Grand Slam champion Rafael Nadal clinched his fourth Canadian Masters 1000 title at the Rogers Cup in Toronto. He defeated Greek teenager Stefanos Tsitsipas.

Explanation: Smt. Justice Manuja Chellur took Oath as Chairperson,Appellate Tribunal For Electricity,Ministry for Power.Prior to this, Smt. Justice Manjula Chellur was Chief Justice of Bombay High Court. She was the first woman Chief Justice of Calcutta High Court.

Explanation: Somnath Chatterjee, who had one of the longest innings of any MP in the Lok Sabha, passed away following a heart attack. He was aged 89. The stalwart of Indian politics has delivered more than 500 speeches in Parliament.

Explanation: Former Indian hockey player Hakkam Singh Bhattal who was an Asian Games gold medalist, has passed away. Bhattal was suffering from Kidney and Liver ailments for quite a long time.

Explanation: Chhatisgarh Governor Balramji Das Tandon has passed away. He was 91. The Governor was put on life support earlier in the day after his health condition turned critical.

Explanation: Allahabad Bank’s MD and CEO Usha AnanthSubramanian was fired on her last day in office, in relation to the PNB scam. She had served as the CEO and Managing Director of PNB from 2015 to 2017, and was named in the CBI chargesheet.

Explanation: Senior bureaucrat Ashish Kumar Bhutani has been appointed CEO of Pradhan Mantri Fasal Bima Yojana(PMFBY).

Explanation: President Ram Nath Kovind gave MP Governor Anandiben Patel additional charge of Chhatisgarh on the demise of its Governor Balramji Dass Tandon.

Explanation: Former India off-spinner Ramesh Powar has been officially appointed head coach of the women’s national team until the ICC World T20 scheduled for November 2018.

Explanation: The Austrian capital of Vienna is ranked first in the Economist Intelligence Units latest Global Liveability Survey , which found 68 cities to have improved their rankings over the last year with declines in just nine cities.

Explanation: Chhattisgarh Chief Minister Raman Singh announced that Chhatisgarh is the first state among the 28 other states in the country to provide Right to Skills Development to the youth.

Explanation: National Wildlife Genetic Resource Bank(NWGRB) was inaugurated at Centre for Cellular and Molecular Biology’s (CCMB) Laboratory of Conservation of Endangered Species (LaCONES) facility in Hyderabad,Telangana.

Explanation: The Governor of Manipur, Dr. Najma A. Heptulla inaugurated the project “Development of North East Circuit:Imphal and Khongjom”implemented under the Swadesh Darshan Scheme of Ministry of Tourism, Government of India on August 14.

Explanation: NITI Aayog launched “Pitch to MOVE” – a mobility pitch competition that aims to provide budding entrepreneurs of India a unique opportunity to pitch their business ideas to a distinguished jury.

Explanation: The 72nd Independence Day was celebrated in Telangana with the launch of two major schemes-Kanti Velugu and Rytu Bima.

Explanation: For the first time, India’s space agency is planning to put an Indian Astronaut for 7 days in space at a cost less than Rs.10,000 crore as part of its manned mission by 2022, ISRO Chairman K. Sivan announced.

Explanation: The Indian economy is expected to grow at 7.4% in the current fiscal, higher than the previous year, according to FICCI Economic Outlook survey.

Explanation: Noted Malayalam poet and Sahitya Akademi Awardee Chemmanam Chacko has passed away. Chacko, 92, had been undergoing treatment for age-related ailments for quite sometime.

Explanation: Former India cricket captain Ajit Wadekar has passed away after a prolonged illness. He was 77.

Explanation: National Housing Bank MD Sriram Kalyanaraman has resigned amidst allegations of favouring housing finance companies. The government has accepted the resignation and also ordered a vigilance inquiry against him.

Explanation: Union Minister for Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari launched three short films for generating public awareness towards road safety.

Explanation: R Vaishali has become India’s latest Women Grandmaster. The 17-year-old elder sister of R Praggnanandhaa — who became the second youngest GM in the world in June this year — got her third and final WGM norm at the 8th Riga Technical University (RTU) Open chess tournament held in Riga, Latvia.