Weekly CA Quiz: December 2018 2nd week with PDF

Explanation: Surat, renowned as a diamond processing and trading hub in Gujarat, would be the world’s fastest growing city in the 2019-35 period, averaging more than 9 per cent, according to a global economic research report.

Explanation: The Food and Agriculture Organisation(FAO) has approved India’s proposal to observe an International Year of Millets in 2023.

Explanation: Shubhankar Sharma emerged as the 2018 Asian Tour Order of Merit Champion following a dream season which saw him achieve many milestones and rewrite many Indian records.

Explanation: Actress Janhvi Kapoor will be awarded “Arets Stjerneskudd”rising talent of the year by the Norwegian Consulate General in Mumbai.

Explanation: Maulana Asrar-ul-Haque-Qasmi,noted Islamic scholar and Congress Lok Sabha MP from Bihar’s Kishanganj constituency, passed away.

Explanation: Vanessa Ponce de Leon of Mexico was crowned as Miss World 2018 by outgoing queen Manushi Chhillar in the coastal city of Sanya,China.

Explanation: Goa’s Prathamesh Maulingkar has become the first Indian to win the title of Mister Supranational.

Explanation: Union Minister of Civil Aviation and Kerala Chief Minister Pinarayi Vijayan inaugurated the Kannur International Airport making Kerala the only state in the country to have four international airports.

Explanation: India is expected to receive a total remittance of $80 billion in 2018,said the latest edition of the World Bank’s Migration and Development Belief.

Explanation: Women are paid the most unequally in India, compared to men, when it comes to hourly wages for labour. On average, women are paid 34 per cent less than men, a recent report by the International Labour Organization(ILO) has found.

Explanation: India continue to have the dubious distinction of registering the highest number of road fatalities across the globe.According to the Global Status Report on Road Safety, , India reported a maximum of about 1.51 lakh road deaths in 2016 and globally the toll of road deaths increased from 1.25 million to 1.35 in a span of three years.

Explanation: The 18th All India Annual Conference of the Heads of Science Centre’s and Museums began in Itanagar.

Explanation: The board of Beijing-headquartered Asian Infrastructure Investment Bank(AIIB) has approved a $400 million loan for a water sanitation project in Andhra Pradesh, taking the overall exposure of the bank to India to $2 billion spread over nine projects.

Explanation: India is set to get its first underwater museum off the Puducherry coast, giving a boost to tourism in the Union territory.

Explanation: In order to promote sustainable policies for water management, India is organising the first international conference on “Sustainable Water Management” on December 10-11 in Mohali in which experts from across the globe will participate.

Explanation: Arunachal Pradesh got its 23rd district with the formal inauguration of Shi Yomi, carved out of the West Siang district.

Explanation: Russian Federation Navy ships Varyag, Admiral Panteleyev and Boris Butoma arrived in Vishakapatnam to participate in INDRA NAVY-18, the bilateral maritime exercise between the Indian Navy and the Russian Federation Navy.

Explanation: A service-specific exercise between the Indian Air Force(IAF) and Russian Federation Aerospace Force(RFSAF) “EX AVIAINDRA 2018”will commence at Air Force Station ,Jodhpur,Rajasthan, from December 10 to 21.

Explanation: China has launched a rover that will land on the far side of the moon, a global first that would boost Beijing’s ambitions to become a space superpower.

Explanation: India’s current account deficit(CAD) widened to 2.9 percent of the GDP in the second quarter of the fiscal compared to 1.1 per cent in the year-ago period, mainly due to a large trade deficit, the RBI said.

Explanation: The chief executive officer of Myntra, a unit of Walmart Inc-owned Flipkart.Myntra CEO Ananth Narayan’s position will be abolished as Flipkart’s Amar Nagaram is set to head the unit.

Explanation: Khelo India Youth Games 2019 will be held in Pune of Maharashtra.

Explanation: SWIFT India Domestic Services, the local unit of SWIFT(Society for Worldwide Interbank Financial Telecommunication) global that facilitates international payments functions for banks, has appointed Arundhati Bhattarcharya, former chairman of State Bank of India, as its chairman.

Explanation: Public relation officer in the PM’s office and senior journalist Jagdish Thakkar passed away in New Delhi.

Explanation: Historian Mushirul Hasan, who has extensively written on India’s Partition, passed away on 10 December

Explanation: Human Rights Day is commemorated every year all over the world on 10 December.The theme is “Stand Up for Human Rights”.

Explanation: Former Colombian President Belisario Betancur, who steered his country through one of its most turbulent periods in the 1980s, passed away.

Explanation: The UN designated 11 December as “International Mountain Day”.The theme is “#MountainsMatters”.

Explanation: Senior Congress leader and former Kerala Minister CN Balakrishnan passed away at a private hospital in Kochi due to pneumonia.

Explanation: Slain Saudi journalist Jamal Khashoggi is on the shortlist for Time’s Magazine’s Person of the year 2018.

Explanation: the government appointed former Economic Affairs Secretary Shaktikanta Das as the new RBI Governor, a day after Urjit Patel suddenly resigned

Explanation: Steel Authority of India’s Hockey Academy beat Army XI Danapur 2-1 to clinch the 115th All India Aga Khan Gold Cup Hockey Tournament.

Explanation: A project to boost tourism in Tamil nadu will be funded by the Asian Development Bank(ADB) to the tune of $31 million(about Rs 222.84 crore).

Explanation: India and China began the 7th round of their ‘Hand in Hand” military drills in the Chinese city of Chengdu as part of the focussed efforts by the two militaries to improve ties after last year’s standoff at Doklam.

Explanation: Israel became a full member of the global financial watchdog on money laundering and terror financing after having previously been blacklisted by the organisation.

Explanation: Economist Dr Surjit S Bhalla announced that he has resigned as a part-time member of EAC-PM(Economic Advisory Council to the Prime Minister).

Explanation: Finance Minister Arun Jaitley said the Centre has decided to increase its contribution to the NPS for the central government employees to 14 percent and also made the entire withdrawal amount tax free at the time of retirement.

Explanation: The 24th district of Arunachal Pradesh Lepa Rada was formally inaugurated a day after Shi Yomi became a new district.

Explanation: The tamil Nadu government launched a 24 hour helpline number for women, among others, facing domestic violence and sexual harassment.

Explanation: Sascha Bajin, coach of the world number five Naomi Osaka, has become the first ever recipient of the Women’s Tennis Association(WTA) Coach of the Year Award.

Explanation: The Agriculture Ministry launched online portal “ENSURE” to connect with direct benefit transfer and provide simple, useful and transparent system to the beneficiary.

Explanation: The Delhi Government launched a 10-day special drive “Operation Minimum Wage” to check whether minimum wage rules set by it are being followed in the national capital.

Explanation: Akademik Lomonosov,the world’s first “floating” nuclear power plant, for installation in remote areas, has been started and brought to 10 per cent of its capacity, Russian state-run atomic energy corporation Rosatom announced.

Explanation: Universal Health Coverage Day is celebrated annually on Dec 12 and is promoted by the WHO.The theme is “Unite for Universal Health Coverage:Now is the time for collective Action”.

Explanation: India’s Gujarat got a United Nations Framework Convention on Climate Change award for women’s leadership with low cost and sustainable technology to tackle storms.

Explanation: Manipur Government honoured AIBA World Women Boxing Gold medalist MC Mary Kom with the title “Meethoileima” with the title (par excellent queen) at a function in Imphal.

Explanation: Manika Batra became the first ever Indian table tennis player to be decorated with the “Breakthrough Table Tennis Star” Award at the prestigious ITTF Star Awards in Incheon,South Korea.

Explanation: Kamal Nath will be the next chief minister of Madhya Pradesh. The announcement has finally come two days after the Congress won a handsome victory in the Madhya Pradesh assembly election.

Explanation: The Asian development Bank retained India’ s economic growth forecast at 7.3 percent for the current fiscal and 7.6 percent for 2019-20, despite downside risks posed by stress in the non-banking sector, limited fiscal space as well as escalating trade tensions.

Explanation: The Organization of the Petroluem exporting Countries(OPEC) has not revised its forecast for global economic growth, and it remains at 3.7 percent for 2018 and at 3.5 percent for the next year,OPEC said in its Monthly Oil Market Report.

Explanation: Jharkhand has been selected for Krishi Karman award in the rice category from the Union Ministry of Agriculture

Explanation: BP Singh, the director-producer of popular television series ‘CID’, has been named the new president of the Film and Television Institute of India (FTII) Society and Chairman of Governing Council.

Explanation: India and Asian Development Bank (ADB) signed a $60 million loan agreement to reduce floods and the riverbank erosionin Assam, the Finance Ministry said.

Explanation: The Congress declared that Ashok Gehlot will be the Rajasthan Chief Minister while state Congress chief Sachin Pilot will be his deputy.

Explanation: The government has constituted a Group of Ministers (GoM) headed by Finance Minister Arun Jaitley to vet the recommendations of a high-level panel on stressed power projects. The panel, headed by Cabinet Secretary P K Sinha, had submitted its report last month.

Explanation: Union Railways Minister Piyush Goyal has dedicated India’s first railway university to the Nation in Vadodara

Explanation: Jammu and Kashmir has become the first state in the country to have a law banning sexual exploitation of women by those in positions of authority, having a fiduciary relationship or a public servant.

Explanation: In a first recognition for an English writer, Amitav Ghosh has been announced as2018’s Jnanpith Award winner for“outstanding contribution towards literature”. The 1956, Kolkata-born author was described

Explanation: UAE President Khalifa bin Zayed Al Nahyan has declared 2019 as the “Year of Tolerance”, highlighting the country as a global capital for tolerance, through its goals to enhance the role of the country in instilling the values of co-existence and peace in local, regional and international communities

Explanation: India’s first private Unmanned Aerial Vehicles (UAV) or drone manufacturing facility has been inaugurated in Hyderabad