Weekly CA Quiz: August 2018 3rd week with PDF

Explanation: Former Prime Minister Atal Bihari Vajpayee passed away on 16th August 2018 in All India Institute of Medical Sciences (AIIMS), Delhi after a long illness. The 93-year-old BJP leader was suffering from multiple ailments.

Explanation: Malian President Ibrahim Boubacar Keita has been re-elected for a five-year term after winning 67.17 per cent of the vote in a runoff.

Explanation: Former Senator Mario Abdo Benitez has been sworn in as president of Paraguay after narrowly winning the presidential election in April.

Explanation: The Indian Banks’ Association has appointed Egon Zehnder International as a Knowledge Partner to the Banks Board Bureau to design, implement and institutionalise a flagship leadership development strategy for public sector banks in India.

Explanation: India Ratings and Research has revised down its FY19 economic growth forecast to 7.2% from 7.4% earlier.

Explanation: BSNL has launched BSNL WINGS , a VOIP based service. In WINGS, there is no SIM or cable wiring as is a VOIP service through an app. The WINGS service offers unlimited free audio/video calling for one year.

Explanation: Rajasthan Chief Minister Vasundhara Raje announced that the state will observe September as the “month of nutrition” to create awareness among people living in the state.

Explanation: Madhya Pradesh Chief Minister Shivraj Singh Chouhan launched Dial 100 Mobile App , which will help the needy at the time of emergency. As soon as police receive the call through Dial 100 application, Madhya Pradesh Police will reach the location as soon as possible.

Explanation: After conquering the moon and Mars, the India Indian Space Research Organisation (ISRO) has set its sights on the sun with the Aditya –L1 mission. (ISRO) chairman K Sivan announced that Aditya-L1, India’s maiden mission to the Sun, will be launched in 2019.

Explanation: The multi-purpose Barak 8 missile defence system ,jointly developed by India and Israel will be procured by the Israeli Navy to protect its economic zones and strategic facilities from diversified threats and the sales for it have exceeded USD 5 billion.

Explanation: Nepal will join the first ever military exercise of the countries in the BIMSTEC, or Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, to be hosted by India from September 10-16 in Pune of the western Indian state of Maharashtra.

Explanation: The 24th World Congress of Philosophy (WCP) was held in Beijing, China. It was organized by the International Federation of Philosophical Societies, and Peking University. Its theme was “Learning to be human”

Explanation: India’s foreign exchange (Forex) reserves plunged by $1.82 billion during the week ended August 10. According to the Reserve Bank of India (RBI) weekly statistical supplement, the overall forex reserves plunged to $400.88 billion from $402.70 billion reported for the week ended August 3.

Explanation: The Securities and Exchange Board of India (SEBI) drastically cut the timeline for listing of debt securities to 6 days from 12 days at present.

Explanation: Indian football team have climbed one spot to attain the 96th position in the recenty updated FIFA rankings in August 2018.

Explanation: The Board of Control for Cricket in India (BCCI) and the Emirates Cricket Board (ECB) have signed an agreement for the United Arab Emirates (UAE) to host the prestigious Asia Cup scheduled to take place in September.

Explanation: Indian scientist-academician, N Raghuram,has been elected chair of the International Nitrogen Initiative(INI), a global policy making initiative.

Explanation: US singer Aretha Frankli has passed away at the age of 76. She received the Grammy Award 18 times and was the first female vocalist to be inducted into the Rock & Roll Hall of Fame.

Explanation: Central government has constituted a coordination committee headed by the Narendra Kumar,Central Water Commission(CWC) Chairman to coordinate the discharge of floodwaters from inter-State projects involving Kerala and Tamil Nadu, including Mullaperiyar and Aliyar.

Explanation: The Food Safety and Standards Authority of India (FSSAI) has decided to form a three-member committee to look into the draft foof labelling and display regulations. The expert panel will be led by B Sesikeran, former director of National Institute of Nutrition (NIN), and comprise current NIN director Hemalatha and AIIMS’ Nikhil Tandon.

Explanation: The 11th World Hindi Conference, an event aimed at expanding the reach of the Hindi language at a global level, began in Port Louis ,Mauritius.

Explanation: The new estimates released by a government constituted committee that GDP growth in the period 2004-05 to 2011-12 may have been higher than reckoned earlier. According to the report, the growth of the Indian economy is 0.3 to 0.5 percentage points higher for each year.

Explanation: Walmart acquired 77 percent stake in e-commerce major Flipkart. Remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp.

Explanation: The 2018 Asian Games began on August 18 with a grand opening ceremony at Gelora Bung Karno Main Stadium in Jakarta,Indonesia.

Explanation: Pakistan Tehreek-e-Insaf (PTI) chairman and former cricketer Imran Khan took oath as the 22nd PM of Pakistan.

Explanation: Former UN Secretary General Kofi Annan has passed away after a short illness.

Explanation: Industry chamber CII said a task force chaired by its former president Kris Gopalakrishnan is working on comprehensive relief for flood-affected in Kerala in coordination with the state and district administrations.

Explanation: Punjab Minister announced that Punjab,the first state in India to launch a mobile app “i-Hariyali” to supply free saplings, has provided 13 lakh saplings to people through this endeavour so far.

Explanation: The Indian and Thai armed forces concluded a two-week long platoon level military exercise called “Exercise Maitree 2018”in Srinagar. The exercise was an annual event designed to strengthen the partnership between armies of the two countries.

Explanation: All India Financial Inclusion Survey(NAFIS)conducted by NABARD revealed that farm households register higher income than the families solely dependent on non-farm livelihood activities in rural areas.

Explanation: India’s current account deficit (CAD) is expected to widen to 2.8 percent of the GDP in this financial year, says a Nomura report.

Explanation: India -15 girls won the SAFF U-15 Championship after beating defending champion Bangladesh 1-0 in the final played at the Changlimithang Stadium in Thimphu,Bhutan.

Explanation: Former Australian fast bowler Mitchell Johnson has announced his retirement from all forms of cricket. The 36-year-old, who bid adieu to international cricket in November 2015, said that he had hoped to continue playing for domestic T20 leagues, but his body has started to shut down.

Explanation: Wrestler Bajrang Punia bagged the first gold medal for India at the 18th Asian Games after defeating Japanese Daichi Takatani 11-8 in Men’s 65kg freestyle event.

Explanation: The United States government has awarded the Legion of Merit (Degree of Commander) to General Dalbir Singh Suhag(Retired) of the Indian Army, for exceptionally meritorious service as chief of the Army staff, Indian Army.

Explanation: Uri Avnery,a trailblazing Israeli journalist and peace activist,and one of the first to openly advocate for a Palestinian state passed away at the age of 94.

Explanation: Actress Sujata Kumar, who played the role of Sridevi’s sister in the movie ‘English Vinglish’, passed away after battling fourth stage cancer.

Explanation: Novak Djokovic beat Roger Federer 6-4 6-4 to win the Cincinnati Masters and become the first man to complete a career sweep of all nine 1000 Series titles.

Explanation: Vinesh Phogat became the first Indian women wrestler to win an Asian Games gold after she defeated Japan’s Yuki Irie in the 50 kg women’s freestyle final.

Explanation: In Sri Lanka, the ten-day festival of the historic Esala Maha Perehera began in Kandy with a grand procession. The procession set off from the biggest Buddhist temple in Sri Lanka, Sri Dalada Maligawa at an auspicious time.

Explanation: The indigenously developed Helicopter launched Anti-Tank Guided Missile “HELINA”was successfully flight tested from an Army Helicopter in Rajasthan’s Pokhran. The weapon system was tested for its full range and guided by an Infrared Imaging Seeker (IIR), it hit the target with high precision.

Explanation: Urdu author Ismat Chughtai, known for her literary works exploring free speech, social liberation, and gender equality, was on 21st August paid homage by search engine giant Google with a colourful doodle on her 107th birthday.

Explanation: The first ever joint air exercise involving the Indian Air Force and the Royal Malaysian Air Force commenced at Subang Air Base in Malaysia.It is the inaugural bilateral exercise between IAF & RMAF.The exercise seeks to deepen defense and military ties between the two countries.The exercise in Malaysia will be called Exercise Elang Shakti.

Explanation: Indian shooters Saurabh Chaudhary and Abhishek Verma bagged the gold and bronze medal, respectively in the Men’s 10 metre Air Pistol final in the ongoing 2018 Asian Games at Jakarta, Indonesia.

Explanation: Bihar governor Satya Pal Malik has been transferred to Jammu and Kashmir and he will replace NN Vohra.Senior BJP leader Lal Ji Tandon has been appointed as the governor of Bihar replacing Malik, and Satyadev Narayan Arya will be the new governor of Haryana.

Explanation: Former West Bengal Governor GopalKrishna Gandhi conferred with Rajiv Gandhi National Sadbhavana on the occasion of 74th birth anniversary of former Prime Minister Rajiv Gandhi.

Explanation: Baby Rani Maurya will be the new governor of Uttrakhand.Kaptan Singh Solanki the governor of Haryana, has been transferred to Tripura.Tripura governor Tathagata Roy has been transferred to Meghalaya.Ganga Prasad, the governor of Meghalaya, has been transferred to Sikkim.

Explanation: The Union Ministry of Earth has decided to set up a cyclone warning centre in Thiruvananthapuram.

Explanation: INS Vikramaditya , India’s only aircraft carrier, is going to be fitted with marine hydraulic system for the first time as part of its upgrade that will give an edge to the air-capable wing of the ship.

Explanation: Online retailer Flipkart has launched an independent platform for refurbished products, starting with a mobile site.Called “2GUD”, the platform initially offers smartphones, laptops, tablets and electronic accessories, with large appliances to be added soon. Prices will vary from 50-80% of the original product’s price depending on the level of certification.

Explanation: Senior Congress leader Gurudas Kamat passed away in a hospital in Delhi. He served as a Union minister in the UPA-II government. He was minister of state (MoS) in the ministry of home affairs.

Explanation: Veteran cricketer VVS Laxman, will now bring his expertise into play as he picks up the pen to write his tell-all book titled “281 and Beyond”which will hit the stands in November.

Explanation: Rahi Sarnobat became the first Indian woman shooter to win gold at the Asian Games. She prevailed in a thrilling double shoot-off for the top prize against Naphaswan Yangpaiboon of Thailand in the Women’s 25m pistol event in Palembang,Indonesia.

Explanation: Online retailer Flipkart has acquired AI-led speech recognition Liv.ai, in a bid to target the next 200 million online shoppers.

Explanation: Veteran Odia actor Debu Bose passes away while undergoing treatment at a private hospital in Hyderabad, at the age of 75.

Explanation: Eminent Indian writer and journalist Kuldip Nayar passed away in New Delhi following a brief illness. He was 95. When the Emergency was declared, he was one of the first journalists to be put in jail.

Explanation: Union Minister Arun Jaitley is back as the Finance Minister after a three-month interval. He was recuperating from a kidney transplant in May last.

Explanation: Veteran Indian pacer Jhulan Goswami has decided to call it quit from T-20.

Explanation: Global credit ratings firm Moody’s Investors Service expects the Indian economy to grow by around 7.5 percent in 2018 and 2019.

Explanation: Iran unveiled its first domestic fighter jet with President Hassan Rouhani insisting that Tehran’s military strength was only designed to deter enemies and create “lasting peace”.

Explanation: The 6th International Buddhist Conclave 2018 will be held in Maharashtra with the participation of over 200 delegates Buddhist monks diplomats researchers and scholars from around 15 nations.

Explanation: Prime Minister Narendra Modi set rolling a new slogan, “Saaf Niyat,Sahi Vikas”, about his government as he gave away over 1 lakh houses to women under the flagship Pradhan Mantri Awas Yojana(Rural) Scheme, calling it a Rakshabandhan gift.

Explanation: Under its scheme to forge international research partnerships, the Human Research Development(HRD) Ministry will fund 600 projects in top-ranked institutes with a total of about Rs400 crore, according to the IIT-Kharagpur, the coordinating centre for the scheme.

Explanation: Chief Minister Vasundhara Raje inaugurated the Bhamashah Techno Hub in Jhalana Industrial Area of Jaipur. She said the country’s biggest centre equipped with the ultra-modern technology will help around 700 entrepreneurs to work under one roof and realise their dreams.

Explanation: Iran scripted history in the annals of world kabaddi by stunning India 27-18 in the semi finals of the 18th Asian Games.This is the first time since the traditional rural sport was included in the Asian Games in 1990 that the Indian men’s team will not take home the gold.