Weekly CA Quiz: August 2018 4th week with PDF

Explanation: Scott Morrison became Australia’s new PM after emerging victorious in a leadership contest for the Liberal Party following a political coup against Malcolm Turnbull, ending days of political chaos in the country.

Explanation: The State government has appointed actor Raveena Tandon as the brand ambassador of the Sanjay Gandhi national park.

Explanation: The Olympic Council of Asia has given recognition to India’s indigenous sport of Kho-Kho, a development that has been welcomed by Sports Minister Rajyavardhan Singh Rathore.

Explanation: India bagged their sixth gold medal in the ongoing 18th edition of the Asian Games after Rohan Bopanna and Divij Sharan finished top on the podium in Tennis Men’s Double event.

Explanation: The World Bank has priced the world’s first public bond created and managed using only blockchain in $100 million ($73.16 million) deal designed to test how the technology might improve decades-old bond sales practices.

Explanation: In a tribute to former Prime Minister, Atal Bihari Vajpayee, Yogi Adityanath led BJP government has decided to name proposed Bundelkhand Expressway as “Atal Path” in the memory of former Prime Minister Atal Bihari Vajpayee. The Expressway will pass through Bateshwar, Agra, the ancestral village of the former PM.

Explanation: The National Green Tribunal has appointed former Punjab and Haryana High Court Chief Justice SJ Vazifdar as head of a three-member committee to decide mining company Vedanta’s plea challenging closure of its Sterlite copper plant at Tuticorin.

Explanation: Indian rowers Sawarn Singh,Dattu Bhokonal,Om Prakash and Sukhmeet Singh won the men’s Quadruple Sculls to win India’s fifth gold medal at the Asian Games 2018. The medal is only the second ever gold medal for India in the rowing competition in Asian Games history.

Explanation: Ministry cleared procurement proposals worth nearly Rs.46000 cr which included the acquisition of the helicopters. The decisions were taken at a meeting of the Defence Acquisition Council (DAC), the ministry’s highest decision-making body on procurement.

Explanation: Aptly called Neta App, which was unveiled by former President Pranab Mukherjee, the technology platform will let users rate their MLAs and MPs and is being billed as an instrument to gauge voter sentiment across constituencies in the country.

Explanation: The highest pollution is due to transport in the national capital of Delhi. At the same time, Madhya Pradesh’s capital Bhopal has the lowest level of pollution.
The Center for Science and Environment(CSE) has released the report named The Urban Commute after studying 14 cities in the country.

Explanation: The six-day SCO Exercise, which has brought the two countries together for the Exercise Peaceful Mission 2018, will continue till August 29 at Chebarkul town in Chelyabinsk Oblast in Russia.

Explanation: With successive two years in its bag, the 3rd edition of Indian Ocean Conference is set to begin on August 27 at Hanoi,Vietnam. The theme of the two- day conference will focus on “Building Regional Architectures”particularly with regards to trade and commerce, security and governance.

Explanation: A central government report has ranked PNB as the best PSU bank in the overall digital transactions category in India.

Explanation: Satyadeo Narayan Arya has become the 17th Governor of Haryana. He took oath of office and secrecy at Haryana Raj Bhawan, Chandigarh. He was administered the oath by the Chief Justice of Punjab and Haryana High Court Mr Krishan Murari.

Explanation: Renowned aerospace scientist G Satheesh Reddy has been appointed as the Chairman of the DRDO for a period of 2 years and will succeed S Christopher.

Explanation: “Atal Ji Ne kaha” is the latest of the books on the BJP patriarch and former Prime Minister Atal Bihari Vajpayee launched with a message by Prime Minister Narendra Modi, who says the life of the stalwart from Jana Sangh days to “sanyas” from politics in 2007 is a golden document, dedicated to the nation.

Explanation: US Senator John McCain, a celebrated war hero known for reaching across the aisle in an increasingly divided America passes away after losing a battle to brain cancer. He was 81.

Explanation: Former India One-Day International (ODI) cricketer Gopal Bose breathed his last in London after suffering a massive cardiac arrest. He was 71.

Explanation: Industry chamber ASSOCHAM appointed former bureaucrat Uday Kumar Verma as its new Secretary General. He succeeds DS Rawat who held the position for nearly 14 years.

Explanation: Mohd.Irfan has set a new world record of being the most economical bowler in the T20 cricket while playing for Barbados Tridents in the ongoing 2018 Caribbean Premier League (CPL).

Explanation: Arunachal Pradesh government is going to organize a youths’ conclave, titled ATAL(Arunachal Transformation and Aspirational Leadership) Conclave, in September, this year.

Explanation: Real average daily wages in India almost doubled in the first two decades after economic reforms, but low pay and wage inequality remains a serious challenge to inclusive growth, the International Labour Organization warned in its India Wage Report published recently.

Explanation: The Jawaharlal Nehru University (JNU) announced that the School of Management and Entrepreneurship will be renamed to Atal Bihari Vajpayee School Of Management and Entrepreneurship, as a tribute to the late Prime Minister.“The Executive Council took a few important decisions including the renaming of its newest School of Management and Entrepreneurship.

Explanation: The Ministry of New and Renewable Energy said 126MW wind power capacity, part of country’s first inter state transmission system (ISTS) auction, is commissioned in Bhuj,Gujarat.

Explanation: Jharkhand hosted World’s largest Water Colour Festival from August 23 to August 27 in Ranchi to promote the rich cultural space of Jharkhand known for its exemplary tribal art works ranging from ‘Sohrai’ to Kohbar to Dhokra fine art.

Explanation: Chief minister Shivraj Singh Chouhan said he would request the railway ministry to rename Habibganj railway station after former PM Atal Bihari Vajpayee and announced that the BJP stalwart’s bust will be set up at his alma mater, Gorkhi Higher Secondary Government School, Gwalior, which will also have a museum and planetarium.

Explanation: Neil Simon,the Pulitzer Prize- and Tony-winning playwright behind over 30 plays including The Odd Couple, Barefoot in the Park and Biloxi Blues, passes away at the age of 91.

Explanation: PepsiCo’s India-born CEO Indra Nooyi will be honoured with the Game Changer of the Year Award by a global cultural organisation in recognition of her business achievements, humanitarian record and advocacy for women and girls around the world.

Explanation: Japan defeated Spain in the final of the FIFA U-20 Women’s World Cup France 2018 to claim the title just 15 days after losing 1-0 to the same opponents in the group stage.

Explanation: Former India opener Lalchand Rajput has been appointed as the head coach of Zimbabwe National Cricket team.

Explanation: A major deadline in the process of resolving the country’s most pressing corporate and banking problem of NPAs ,or bad loans,ended on 27th August with the RBI having set a six-month time frame for finalising resolution plans for around 70 large stressed accounts worth over Rs 3.8 lakh crore.

Explanation: In Sri Lanka, the 4th Asian electoral stakeholders forum(AESF-4) will begin in Colombo to discuss the state of elections and democracy in the region. The theme is, “Advancing Election Transparency and Integrity :Promoting and Defending Democracy Together”.

Explanation: The committee on review of penal provisions of Company Act 2013 submitted its final report to Finance and Corporate Affairs Minister Arun Jaitley in New Delhi.

Explanation: An MoU was signed for the implementation of 362 KM Indore –Manmad New railway Line project in NewDelhi.The MoU is between Jawaharlal Nehru Port Trust- Ministry of Shipping, Ministry of Railways, Governments of Maharashtra and Madhya Pradesh. The project will reduce the distance from Mumbai and Pune to key central India locations by 171 kilometers.

Explanation: Tamil Nadu Chief Minister will inaugurate India’s tallest film studio built by Federation of Film employees Union of South India on August 26 in Kalaignar city, Paiyanur.

Explanation: Tamil Nadu Chief Minister E.Palanisamy launched an app and a website http://www.plasticpollutionfreetn.org on plastic pollution free Tamilnadu.

Explanation: The G20 Digital Economy Ministrial Meeting was held in Salta,Argentina. It took place as part of Sherpa Track for 2018 G20 Leaders’ Summit, which is to be hosted by Argentina by end of 2018. The theme of the meeting was”Building consensus for fair and sustainable development”.

Explanation: The 2019 Asian Youth and Junior Weightlifting Championships will be held in the North Korean capital Pyongyang, a signal that the secretive country may be coming in from the sporting cold.

Explanation: Emmerson Mnangagwa has taken the oath as Zimbabwe’s President in front of a stadium crowd after a divisive election, as US observers of the vote questioned the country’s democratic credentials.

Explanation: Leading global investment bank Goldman Sachs has appointed Prachi Mishra as managing director and chief India economist with immediate effect.

Explanation: Development and environment expert Satya S.Tripathi has been appointed an assistant Secretary General and will head the UN Environment’s Programme’s NewYork Office.

Explanation: DBS Bank has been named the world’s best bank by Global Finance magazine, in a reflection of its ability to invest in digital innovation while still maintaining stable operations for its customers.

Explanation: Sebastian Vettel cut Lewis Hamilton’s lead at the top of the driver standings to 17 points after a faultless performance at an action-packed Belgian Grand Prix.

Explanation: Jamie Vardy has effectively retired from international football and informed Gareth Southgate of his decision to focus on club football.

Explanation: Arpinder Singh clinched India’s first men’s triple jump gold in 48 years, with a jump of 16.77m in the Asian Games.Arpinder, who has been without a medal in multi-sporting events since winning a bronze in the 2014 Commonwealth Games, produced a best jump of 16.77m, which he came up with in his third attempt.

Explanation: Odisha’s Chief minister Naveen Patnaik launched “My Heart Beats for Hockey”campaign, a promotional event that aims to spread the passion and love for the game ahead of the Odisha Men’s Hockey World Cup 2018.The chief minister also unveiled the countdown clock at a special function at Kalinga Stadium premises, venue for the mega sporting event scheduled from November 28 to December 16.

Explanation: The First South Asian Association for Regional Cooperation Agri Cooperative Business Forum began in Kathmandu ,Nepal.The theme of three-day Forum is the “Organizing and strengthening Family Farmers”.

Explanation: Understanding the importance of regional languages in India, search giant Google has announced a new program that will empower offline newspapers and magazines in India to bring their content online. Announced during the fourth edition of ‘Google for India’ event, the Project Navlekha claims to bring offline content online in just a few clicks.

Explanation: The Odisha government signed a memorandum of understanding with US based “Malaraia No More” and India based Malaria Elimination Trust to curb Malaria menace in the state.

Explanation: All the 1.55 lakh post offices in the country would be linked to the India Post Payments Bank (IPPB) system by Dec 31,2018, Communications Minister Manoj Sinha said on 29 August.

Explanation: The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for revision of the project outlay for setting up of India Post Payments Bank (IPPB) from Rs. 800 crore to Rs 1435 crore.

Explanation: The Centre has sanctioned Rs730 crore for the Gujarat’s Sardar Sarovar dam project on the Narmada River for the current year and also committed soft loan of Rs 1500 crore for the state’s other irrigation projects, Deputy Chief Minister Nitin Patel said on 28 August.

Explanation: The central government constituted a new 21-member advisory panel on science, technology and innovation under the chairmanship of Principal Scientific Advisor, K Vijay Raghavan, that will also co-ordinate the implementation of programmes through various bodies.

Explanation: The Union cabinet approved an additional 2 percent hike in DA and DR for central government employees. The hike will come into effect from July 1, 2018.

Explanation: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for the umbrella scheme “Ocean Services,Technology,Observations,Resources,Modelling and Science(O-SMART) for implementation during the period from 2017-18 to 2019-20 at an overall cost of Rs.1623 crore.

Explanation: Indian poet-diplomat Abhay K. has become the first Indian poet invited to record his poems at the Library of Congress in Washington D.C. in “The Poet and the Poem”series conducted by poet Grace Cavalieri.

Explanation: RBI expects India’s economic growth rate to grow at 7.4% in the current financial year on pick up in industrial activity and good monsoon.

Explanation: According to the Department of Industrial Policy and Promotion (DIPP) data, FDI in India rose 23 % to 12.8 bilion dollars during the April to June quarter of this fiscal. The foreign fund inflows in April-June 2017-18 stood at 10.4 billion dollars.Key sectors that received maximum foreign investment during the first quarter of the current fiscal include services 2.4 billion dollars, trading 1.62 billion dollars and telecommunications 1.59 billion dollars.Singapore was the largest source of FDI during April to June quarter with 6.52 billion dollars.

Explanation: World Bank approves Rs.929.89 crore for Shimla’s water supply project. The World Bank has approved in principle a financial assistance of Rs 929.89 crore for a water supply and sewerage project for the state capital Himachal Pradesh.The final negotiation meeting for loan sanction will be held on October 24. The assistance will be made as a development policy loan she said in a written reply in the Assembly.

Explanation: ADB said it has approved USD 346 million loan to finance road improvement across a dozen districts in Karnataka.

Explanation: India signed a $375 million loan agreement with the ADB for expanding irrigation networks and system efficiency in Madhya Pradesh.

Explanation: The Central Government and the World Bank have signed 300 million dollar loan agreements for India Energy Efficiency Scale Up Programme. They signed 220 million dollar Loan Agreement and an 80 million Guarantee Agreement for the Efficiency Scale-Up Program.

Explanation: Union Minister of Commerce& Industry and Civil Aviation,Suresh Prabhu,is leading the Indian delegation for the 6th RCEP Trade Ministers Meeting which begins in Singapore.

Explanation: Union Human Resource Development Minister Prakash Javedkar has launched the Innovation Cell and Atal Ranking of Institutions on innovation Achievements,ARIIA in NewDelhi.

Explanation: In Madhya Pradesh, in a first of its kind initiative,”MIL-Banche”, an interactive programme between schools and society is being organized in all government schools of the state.

Explanation: New Zealand Spinner Morna Nielsen has announced her retirement from all forms of cricket as she aims to shift her focus on being a structural engineer.

Explanation: Balesh Sharma takes over as Vodafone Idea’s first CEO. He was the Chief Operating Officer of Vodafone India and a member of its executive committee.

Explanation: Eminent neurosurgeon Dr.BK Mishra has been named for this year’s prestigious Dr.B.C.Roy National Award as an Eminent Medical Person of the Year award.

Explanation: Congress MP Kapil Sibal will be releasing a new book titled “Shades of Truth-A Journey Derailed “arguing that the Prime Minister Narendra Modi-led NDA government “revels in the past” and debunking the claim of “Acche Din” that the BJP made in the run up to 2014 general elections.