Weekly CA Quiz: January 2018 4th week with PDF

Explanation: Finland has re-elected their popular and pragmatic president Sauli Niinisto, who is credited for maintaining a balanced relationship with the nation’s powerful neighbour Russia at a time of simmering relations between Moscow the West.

India’s Gross Domestic Product (GDP) growth for 2018-19 has been projected at 7 to 7.5 percent as per the Economic Survey 2017-18.

Explanation: Men’s Singles  –  Roger Federer (Switzerland)
Women’s Singles  –  Caroline Wozniacki (Denmark)
Mixed Doubles – Gabriela Dabrowski (Canada) – Mate Pavic (Croatia)

Explanation: Album Of The Year: 24K Magic by Bruno Mars
Song of the Year: Bruno Mars’, That’s What I Like
Record Of The Year: Bruno Mars, 24K Magic

Explanation: Odisha CM Naveen Patnaik released a book on his father — The Tall Man Biju Patnaik — written by Sundar Ganesan, who said his material on Biju Patnaik “was found scattered all over the world in countries like Indonesia, France, Germany, USA, Russia, Singapore, and other places”.

Explanation: The Economic Survey sees GDP growth at 6.75 per cent in the current fiscal year, ending March 31, 2018.

Explanation: Senior diplomat Vijay Keshav Gokhale has assumed charges as the new Foreign Secretary of India. Gokhale succeeds Dr Subrahmanyam Jaishankar, as the latter completed his tenure on January 28.

Explanation: The first governor of Chhattisgarh and former governor of Tripura, Dinesh Nandan Sahay, has passed away.

Explanation: Assam Governor Jagdish Mukhi released a postage stamp on legendary footballer Dr Talimeren Ao during his birth centenary. Ao was instrumental in popularising football in Assam. He was captain of the Indian football team in their first official match in the 1948 London Olympics.

The Hindi Word of the Year as announced by Oxford Dictionaries for 2017 is ‘AADHAAR’. ‘Aadhaar’ also becomes the first Oxford Dictionaries Hindi Word of the Year.

Explanation: According to a survey by GoBankingRates ranked nations, India is ranked second only to South Africa as the cheapest country to live or retire. These rankings are based four key affordability metrics: Local purchasing power index, rent index, Groceries index, and Consumer price index.

Explanation: The Information and Broadcasting Ministry has planned to set up a ‘Social Media Communication Hub’ that would help it keep a tab on trending news in districts and gather feedback on the Centre’s flagship schemes.

Explanation: Bollywood playback doyenne Asha Bhosle will be given the ‘Yash Chopra Memorial Award’.She will be the fifth winner of the award. Previous recipients are Asha Bhosale’s elder sister and Bollywood playback singer Lata Mangeshkar, and actors Amitabh Bachchan, Rekha, and Shah Rukh Khan.

Explanation: A film on the life of Nobel laureate Kailash Satyarthi has won the US Documentary Grand Jury Award at the Sundance Film Festival being held at Park City in Utah. The documentary, titled ‘Kailash’ has been directed by debutante Derek Doneen.

Explanation: Out of 23 tableaux participated in this year Republic Day Parade, the tableau from Maharashtra depicting coronation of Chhatrapati Shivaji Maharaj won the first prize, while tableau from Assam depicting traditional masks and sastras bagged second and Tableau of Chhattisgarh,depicting Ramgarh’s ancient amphitheatre was awarded third prize.

Explanation: Eminent agricultural scientist and Padma Bhushan awardee Gurcharan Singh Kalkat has passed away. Kalkat was actively involved as an agricultural scientist during the Green Revolution in Punjab in the 1950s and 1960s to make the country self-reliant in foodgrain.

Explanation: Book titled “Dilli Meri Dilli: Before and After 1998”, written by Sheila Dikshit, who was Chief Minister of Delhi for an uninterrupted 15 years, the book, with the help of rare and carefully curated photographs, offers an engrossing narrative about the journey of India’s capital city and its evolution over the centuries.

Explanation: Noted Kannada actor Chandrashekhar popularly known as ‘Edakallu Guddada Mele’ Chandrashekhar, 63, has passed away.

Explanation: Caroline Wozniacki lifted her first Grand Slam title as she beat Simona Halep 7-6, 3-6, 6-4 to win the Australian Open Tennis women’s singles title.

Explanation: Chief Minister Jai Ram Thakur launched the ‘Shakti’ app, which comes with a panic button, for women’s safety here. The app was developed by the National Informatics Centre (NIC) of the Himachal Pradesh government.

Explanation: Delhi won their maiden Syed Mushtaq Ali Trophy after beating Rajasthan by 41 runs in the final at Eden Gardens in Kolkata.

Explanation: India’s best marine products will be showcased for buyers from around the world at the 21st edition of India International Seafood Show (IISS) in Goa from January 27-29, while industry leaders and experts will deliberate on policies, market trends, technology and roadmaps to achieving an export target of US$10 billion by 2022.

Explanation: For the first time, a vaccine conceived and developed from scratch in India has been “pre-qualified” by the World Health Organisation. The Rotavac vaccine, developed by the Hyderabad-based Bharat Biotech Limited last year, was included in India’s national immunisation programme.

Explanation: The UN International Fund for Agricultural Development (IFAD) and the Indian government signed a $168 million pact to sustainably raise incomes and food security for tribal farming households in northeast India. The six-year project will help 201,500 rural highland farming households in tribal villages in 12 districts located in the uplands of Mizoram and Nagaland States.

Explanation: Punjab Chief Minister launched ‘Mahatma Gandhi Sarbat Vikas Yojana’, to release benefits and aimed at the inclusive growth of the distressed sections of the society. He appealed to the farmers not to resort to suicide since his government is committed to the total implementation of its farm debt waiver programme by November 2018.

Explanation: Veteran Bengali actress and Padma Shri awardee Supriya Devi has passed away.

Explanation: The Agra Municipal Corporation has released a logo of Smart City Agra, showing the Taj Mahal and a peacock feather. The attractive design will be visible all over the city in a few days to build up a hype for involving the locals to participate in the Smart City race.

Explanation: The Central government has announced that the “Payments Banks and Small Finance Banks” will now offer social security scheme Atal Pension Yojana (APY) to their subscribers.

Explanation: Ashok Lavasa has assumed charge as the new Election Commissioner (EC) of India.

Explanation: Usha Ananthasubramanian, MD and CEO, Allahabad Bank, has been elected the first woman chairman of Indian Banks’ Association (IBA).

Explanation: India ranks 177 among 180 countries in the Environmental Performance Index (EPI) 2018, according to a biennial report by Yale and Columbia Universities along with the World Economic Forum. The report was released on the sidelines of the World Economic Forum in Davos, Switzerland. Switzerland leads the list, followed by France, Denmark and Malta.

Explanation: NASA has launched Global-scale Observations of the Limb and Disk, or GOLD, mission to study the dynamic region where space and Earth’s uppermost atmosphere meet. It is the first NASA science mission to fly an instrument as a commercially hosted payload. The mission will fly aboard SES-14, a commercial communications satellite.

Explanation: Kolkata is now witness to a floating market, the first of its kind across any metro. The market, as the name suggests, will be located on a water-body with boats doubling up as shops. The aim is to rehabilitate over 200 shopkeepers from a nearby market that was demolished for the widening of the Eastern Metropolitan Bypass — an important road that connects the northern parts of the city to the eastern and southern tips.

Explanation: PM Modi has proposed the ASEAN countries during the ASEAN-India Commemorative Summit to declare 2019 as the ASEAN-India Year of Tourism.

Explanation: Global icon Shah Rukh Khan received the 24th Crystal Award at the World Economic Forum (WEF), in Davos, Switzerland for “his leadership in championing children’s and women’s rights in India”.

Explanation: Hollywood’s oldest working actress Connie Sawyer passed away at the age of 105. She has more than 140 TV and film credits to her name, began her career in entertainment at the age of 8.

Explanation: The United States Senate confirmed Jerome H Powell as the next chairman of the Federal Reserve, a powerful post having an influence on global economy.Powell (64) will replace Janett Yellen, whose term ends in February.

Explanation: India has moved up on a global index of talent competitiveness to the 81st position, but remains a laggard among the BRICS nations, according to an annual study while warning that the country faces “serious risk of worsening brain drain”.

Explanation: Prime Minister Narendra Modi returned India after concluding his visit to Davos, Switzerland for World Economic Forum Summit. During this visit the Prime Minister delivered a keynote address at the plenary session of 48th Annual meeting of world economic forum. He became the first Indian Prime Minister in two decades to join the world’s top business leaders in the Swiss report town of Davos.

Explanation: Tamil Nadu Chief Minister Edappadi K Palanichamy received UNESCO Award of Merit awarded to the iconic Srirangam Ranganathaswamy temple in Tiruchirapalli. The award of merit was awarded by UNESCO Asia Pacific region for the reconstruction activities undertaken in the temple without in the least affecting its traditional splendor and Vedic rituals.

Explanation: Switzerland has topped the list followed by Singapore and the US. European countries dominate the top ranks, with 15 out of the top 25 places.

Explanation: Yesteryear actor Krishna Kumari (84), who has acted in over 200 Telugu, Tamil and Kannada films and dominated the south Indian film industry for more than two decades has passed away.

Explanation: Pop singer and actor A.E. Manoharan, popularly known as ‘Ceylon Manohar’ has passed away.  He was best known for the song Surangani.

Explanation: Seeking to perk up public sector banks that have been hit by huge non-performing assets (NPAs), the government announced plans to infuse over Rs. one lakh crore including Rs 80,000 crore through recap bonds and Rs 8,139 crore as budgetary support during the current fiscal.

Explanation: Union Information Technology and Electronics Ministry launched the Stree Swabhiman Initiative to ensure and maintain perfect health for Women and maintain Health Hygiene. The initiative was launched in partnership with Common Service Centres (CSCs).

Vice President Venkiah Naidu conferred Badminton Association of India (BAI) Lifetime Achievement Award to 1983 World Championship medallist Prakash Padukone.

Explanation: Environment Minister Harshvardhan launched a 2.8 PetaFlops capacity high-performance computer system ‘Mihir’ in Noida. The system will be able to predict weather and climate accurately. This will be helpful in addressing the various issues of agriculture operations and fishing in the country.

Explanation: Celebrating the game, Football Delhi honoured the Indian football captain Sunil Chhetri, announcing his birthday to be celebrated as Delhi’s Football Day. Chhetri’s birthday falls on August 3.

Explanation: India has been ranked sixth in the list of wealthiest countries with total wealth of 8,230 billion US dollars, while the United States topped the chart.

Explanation: The Asian Champions Trophy 2018 will be hosted by the Oman Hockey Association in Muscat between October 18 and 28, confirmed the Asian Hockey Federation (AHF). Oman is holding the event for the first time.

Explanation: Armies of India and Vietnam have begun a six-day-long military exercise in Jabalpur in Madhya Pradesh. The exercise named ‘VINBAX’ is the first military exercise between the two countries.

Explanation: The Asian Development Bank (ADB) and the Government of India signed a $250 million loan to finance the construction of 6,254 kilometres all-weather rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Prime Minister’s Rural Roads Program (PMGSY).

Explanation: The Indian Olympic Association (IOA) appointed Vikram Singh Sisodia as the Chef de Mission for the 21st Commonwealth Games to be held at Gold Coast in Australia. Sisodia is currently the Joint Secretary of the IOA.

Explanation: According to the Economic Survey for the current fiscal 2017-18, the Indian IT industry grew 8 per cent to $140 billion (Rs 8,91,700 crore) in fiscal 2016-17 from $129 billion (Rs 8,256 crore) in the previous fiscal (2015-16).

Explanation: The Government of India and the World Bank signed a $100 million Loan Agreement that is expected to promote rural enterprises, facilitate their access to finance, and create employment opportunities for youth, particularly women, in selected blocks of Tamil Nadu across 26 districts, directly benefitting over 400,000 people.

Explanation:Google has introduced a new app named “Bulletin” that allows anybody to submit stories for and about their communities. This is a free, lightweight app for telling a story by capturing photos, video clips and text right from your phone, published straight to the web.The app is made for contributing hyperlocal stories about your community.

Explanation: Chief Minister Yogi Adityanath inaugurated the long-awaited Mahesra over bridge at Sonauli-Gorakhpur National highway (NH80). The bridge would connect Gorakhpur and other east UP districts to Nepal. It will also become a major route for people going from Gorakhpur to Balrampur, Maharajganj and Gonda.

Explanation: The 19th India International Watch & Clock Fair “Samaya Bharati 2018” was held in Mumbai. The Fair, a grand horological event, was organized by India’s leading watch & clock magazine “Trade Post” under the auspices of Watch Trade Federation and supported by other trade bodies.

Explanation: India has slipped to 42nd place on an annual Global Democracy Index amid “rise of conservative religious ideologies” and increase in vigilantism and violence against minorities as well as other dissenting voices.

Explanation: Tech giant Google has announced the closure of a USD 1.1 billion deal with smartphone maker HTC, following which the former is set to acquire the latter’s design talent.

Explanation: According to Central Statistics Office (CSO) data, in line with the earlier official estimate of the country’s GDP growth in the last fiscal, India’s gross domestic product during 2016-17 grew at 7.1 per cent.

Explanation: Mobile App 311 was launched by Delhi’s Lt Governor Anil Baijal. It is a mobile application of the three municipal corporations of Delhi (MCD) that was launched in a bid to enhance engagement of citizens in resolution of grievances and improvement of civic services in the city.

Explanation: According to a recent report published by World Steel Association (WSA), India overtook the US to become the world’s third-largest steel producer in 2018. China has remained world leader by producing 831.7 MT in 2017, up 5.7% from 786.9 MT in the year-ago period.Japan is second largest global steel producer.

Explanation: Renowned Sri Lankan filmmaker Dharmasena Pathiraja, fondly referred to as ‘a rebel with a cause’ and acclaimed for his compelling portrayals of urban underclasses has passed away.

Explanation: Norway has again topped the list in the annual Global Democracy Index, followed by Iceland and Sweden, compiled by the Economist Intelligence Unit (EIU), India has moved down from 32nd place last year and remains classified among “flawed democracies”.