Weekly CA Quiz: December 2018 1st week with PDF

Explanation: South African President Cyril Ramaphosa will be the Chief guest at the 2019 Republic Day celebration in New Delhi.

Explanation: The Asia Pacific Summit 2018 began in Kathmandu the capital of Nepal. The theme of two-day Summit is “Addressing the Critical Challenges of our Time:Interdependence,Mutual Prosperity,and Unniversal Values”.

Explanation: With women’s safety in mind, Home Minister Rajnath Singh announced a pan-India single-number “112” under an emergency mobile app. It will have a special women safety feature to get immediate assistance from police and volunteers.

Explanation: The Indian Owl Festival the country’s first owl fest, was held at Pingori village in Purandar taluka of Pune from November 29.

Explanation: World AIDS Day is observed on December 1 every year. The theme of this year is “Know your Status”.

Explanation: India’s Olympic and world champion shooter Abhinav Bindra has been conferred the sport’s highest honour for his outstanding services as the chairman of the International Shooting Sports Federation’s Athletes Committee.

Explanation: The National Green Tribunal has appointed former Uttarakhand High Court judge, Justice UC Dhyani as head of the three member committee to oversee rejuvenation work of the Ganga river.

Explanation: Raninder Singh has become the first Indian to be elected one of the four vice-president of the International Shooting Sports Federation.

Explanation: The 3rd ASEAN-India Business Summit , conclave organized under the aegis of Ministry of International Trade and Industries conducted its annual achievements awards ceremony at the St. Regis Hotel in Kuala Lampur,Malaysia.

Explanation: Australia has become the first country in the world to recognise so-called orphanage trafficking as a form of modern day slavery.

Explanation: Prime Minister Narendra Modi confirmed that India will host the G20 Summit for the year 2022 confirmed that when the country will complete 75 years of independence.

Explanation: Indian railways unveiled “eDrishti” software that will help Union Railway Minister to keep track of punctuality of trains as well as freight and passenger earnings and much more from anywhere in the country.

Explanation: The India Health Summit , organized by the Confederation of Indian Industry will take place at the Le Meridien in New Delhi.

Explanation: The President of India, Shri Ram Nath Kovind inaugurated the 13th edition of CII Agro Tech India 2019 in Chandigarh.

Explanation: Based on the results of a popular vote, Cambridge Dictionary has named “nomophobia”,as the word of the year.

Explanation: The RBI said NSFR that mandate banks to maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities will be operational from april,2020.

Explanation: With promises of uprooting corruption, poverty and violence in the country, Andres Manuel Lopez Obrador was sworn in as the President of Mexico for a term of six years.

Explanation: Every year, 3rd December is celebrated as International Day of Disabled Persons.The theme is”Empowering persons with disabilities and ensuring inclusiveness and equality”.

Explanation: Expenditure Secretary Ajay Narayan Jha was appointed as the new Finance Secretary.

Explanation: State-owned Bank of Maharashtra announced that AS Rajeev has joined the lender as its MD and CEO.

Explanation: The Odisha government signed a loan agreement of $85 million with Asian Development Bank(ADB) to train 1.5 lakh youths in the state.

Explanation: Moody’s Investors Service’s annual Banking System Outlook on India estimated the country’s real gross domestic product for the current financial year and next fiscal to grow at 7.2 percent and 7.4 percent respectively.

Explanation: Qatar’s Energy Minster Sad Sherida al-Kaabi announced that Qatar will withdraw from the Organisation of the Petroluem Exporting Countries(OPEC)in January 2019.

Explanation: Bouldering sensation Tuhin Satarkar pushed his limits as he scaled three routes in the treacherous Sahayadri mountain range in 12 days, from November 16 to 28, to become the first Indian to ever achieve the feat.

Explanation: Union Agriculture Minister Radha Mohan Singh inaugurated Global agriculture and Food Summit 2018 in Ranchi,Jharkhand.

Explanation: The International Association of Athletics Federation(IAAF) announced the appointment of Jon Ridgeon as its new CEO

Explanation: Navy Day is observed on 4th December every year to celebrate the achievements, and role of the naval force in protecting and guarding the the country. The theme is “Indian Navy:Mission Deployed and Combat Ready”.

Explanation: Ullas Narayan becme the first ever Indian individual medal winner in an international ultra running event by clinching a bronze in the 2018 International Association of Ultra Running(IAU) 24 hour Asia and Oceania Championships held in Taipei City,Taiwan.

Explanation: The government has constituted a six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and OIL to private and foreign companies to boost domestic output.The panel is headed by NITI Aayog Vice Chairman Rajiv Kumar.

Explanation: Finance Minister Arun Jaitley said about 60000 cr rupess would be spent on MGNREGA this year.

Explanation: With an aim at creating awareness about various schemes of the state government and improve transparency in distribution of individual and social benefits, chief minister Naveen Patnaik announced PEETHA initiative.

Explanation: The Japanese Air Self Defence Force(JASDF) is in India for a bilateral air exercise SHINYUU Maitri 18 with Indian Air Force from 03-07 December at A F Station Agra.The theme is “Joint Mobility/Humanitarian Assiatance and Disaster Relief on Transport aircraft.”.

Explanation: External affairs minister Sushma Swaraj inaugurated the Gandhi-Zayed Digital Museum in Abu Dhabi.

Explanation: More than 80 delegates from 11 countries are participating in an International Conference on bears being organized in Agra.

Explanation: The 80th Session of the three-day Policy Commission of the World Customs Organisation(WCO) will begin in Mumbai.

Explanation: ISRO successfully launched its heaviest and most advanced high throughput communication satellite, GSAT -11 from Spaceport in French Guiana.

Explanation: The first india ASEAN InnoTech Summit in New Delhi is organized by FICCI.

Explanation: Water Resources ,River Development and Ganga Rejuvenation Minister Nitin Gadkari inaugurated India Water Impact Summit 2018 in New Delhi.

Explanation: SBI has roped in Asian Games gold medalist Swapna Barman as brand ambassador for its digital app YONO.

Explanation: RBI pegged India’s gross domestic product growth rate for the financial year 2018-19 at 7.4 percent and 7.2 per cent in H2.

Explanation: Crisil cuts india’s growth forecast for current financial year to 7.4 percent on the back of weakening global GDP and trade growth.

Explanation: The Hungarian capital of Budapest will host the 2023 World Athletics Championships.

Explanation: Former India opening batsman Gautam Gambhir, who won two World Cups and scored over 10,000 international runs, announced his retirement from the sport.

Explanation: Glasgow-based British artist Charlotte Prodger has won the prestigious Turner Prize 2018, awarded for “an outstanding exhibition or other presentation of their work in the preceding year”.

Explanation: International Volunteer Day(IVD), an international observance mandated by the UN General Assembly is celebrated every year on 5 December.The theme is “Volunteers build Resilient Communities”.

Explanation: World Soil Day is observed on December 5th.The theme is “Be the Solution to Soil Pollution”.

Explanation: Noted agriculturalist Jayaraman, who pioneered the protection and propagation of indigenous paddy varieties in Tamilnadu, passed away in Chennai.

Explanation: Seven-time former national champion swimmer Arun Kumar Shaw passed away following a prolonged illness.

Explanation: Centearian lexicographer G.Venkatasubbaiah has been chosen for the Sahitya Akademi’s Bhasha Samman for South(2017).

Explanation: The government announced that Atul Sahai will be appointed as Chairman and MD of New India Assurance for a five year period.

Explanation: Fitch Ratings slashed India’s GDP growth forecast to 7.2 percent for current fiscal from 7.8 per cent projected in September, citing higher financing cost and reduced credit availability.

Explanation: The UAE now has the world’s most powerful passport, achieving the top ranking in an achievement according to a report by Arton Capital.

Explanation: Nagaland became the first state in the Northeast and 2nd in the country ,after Himachal Pradesh, to launch a pan-India single-number emergency mobile application which will have a special women safety feature for immediate assistance from police and volunteers.

Explanation: The Uttrakhand government constituted a 4 member committee under tourism minister Satpal Maharaj to probe complaints related to the film “Kedarnath”.

Explanation: In a bid to transform rural Maharashtra, Chief Minister Devendra Fadnavis has launched a unique initiative called “SMART” which stands for “State of Maharahtra Agribusiness and Rural Transformations”.

Explanation: To bring transparency to cash transactions, the Pune district administration is starting an e-payment facility in the Shivajinager district and sessions court.

Explanation: India is the 4th highest emitter of carbon dioxide in the world accounting for 7 per cent of global emissions in 2017, a study by the Global Carbon Project released recently.China tops the list.

Explanation: The centre approved additional assistance of Rs 3719.07 crore to Kerala,Nagaland and Andhra Pradesh that were affected by floods, landslides and cyclone over the past few months.

Explanation: Luxembourg is set to become the first country in the world to make all its public transport free.

Explanation: The Appointments Committee of the Cabinet(ACC) approved the appointment of dr Krishnamurthy Subramaniam as the new Chief Economic for a term of three years.

Explanation: International Civil Aviation day is annually observed on December 7th .The theme is “Working Together to Ensure No Country is left behind”.

Explanation: the government said it has given its nod to develop a Rs 156 crore freight village in Varanasi adjoining the inland waterways terminal on river Ganga that will boost the logistics industry in the holy city.

Explanation: EXIM Bank has extended a credit facility of USD 500 million (about Rs 3,542 crore) to Tanzania for water supply projects in the African country.

Explanation: The commerce and industry ministry is organizing a day long startup India centre capital Summit in Goa with an aim to attract global capital into the country. The themeof the summit is “Mobilizing Global Capital for Innovation in India”.

Explanation: The Union Cabinet chaired by PM Narendra Modi has approved the implementation of the Shahpurkandi Dam Project,Punjab on river Ravi. For this, central assistance of Rs 458.38 crore (for irrigation component) would be provided over five years from 2018-19 to 2022-23.