Weekly CA Quiz: January 2019 1st week with PDF

Explanation: The book titled “Early Indians:The Story of our Ancestors and where we came from” has been authored by journalist Tony Joseph, which unravels our history using the results of genetics and other research.

Explanation: Oscar and Grammy winning composer Norman Gimbel has passed away.

Explanation: The government has appointed Sudhir Bhargava as the new Chief Information Commissioner.

Explanation: The Appoinments Committee of the Cabinet has approved the appointment of VK Yadav as railway board Chairman on the superannuation of Ashwani Lohani on December 31

Explanation: India’s Smriti Mandhana was crowned women’s cricketer of the year by the sport’s world governing body, capping off a prolific run-scoring season for the opener.

Explanation: International Cricket Council announced the women’s ODI and T20I teams of the year with senior New Zealand all-rounder, Suzie Bates named ODI skipper while as Indian batting star Harmanpreet Kaur nominated as T20I captain.

Explanation: Lending major Axis Bank’s MD and CEO Shikha Sharma retired. She will be succeeded by Amitabh Chaudhary, effective January 1, 2019.

Explanation: Leading private insurer SBI Life Insurance said it has signed a “bancassurance” pact, with state-run Allahabad Bank to offer a financial planning solution to consumers. This will empower the consumer to address their complete financial needs under one roof.

Explanation: RBI has extended the relaxation offered to banks for offering liquidity support to NBFCs up to March 31.

Explanation: Public Sector Banks provision coverage ratio which measures the provisioning for bad loans has gone up from less than 50 per cent in 2015 to 66.85 percent as of September 2018, reflecting improvement in their financial health.

Explanation: Banks have seen a significant improvement in recovery of stressed assets helped by the Insolvency and Bankruptcy Code(IBC) and amendments in the SARFAESI Act, during FY18, according to the RBI data.In the fiscal ended March 2018,banks recovered Rs 40,400 crore worth of bad loans as against Rs 38,500 crore recovered in FY17.

Explanation: ESAF Small Finance Bank which received the first banking license in Kerala since independence has got RBI approval to operate as scheduled bank. This makes Thrissur-based ESAF small finance bank (SFB) the 5th scheduled bank from Kerala.

Explanation: Railways will build the country’s first vertical lift bridge connecting Rameshwaram in Arabian Sea to mainland India that will allow ships and steamers to pass through without any hindrance, replacing the existing 104-year-old Pamban bridge.

Explanation: The State-run MNJ Institute of Oncology and Regional Cancer Centre in Hyderabad has entered the Guinness Book of World Records for organising the largest men’s Health Awareness programme on prostate cancer on a single day.

Explanation: India achieved electrification in 100 percent households in 25 states at the end of 2018. Now, only about 10.48 lakh households are left to be electrified in 4 states – Assam, Rajasthan, Meghalaya, and Chhattisgarh.

Explanation: The government on Jan 2, 2019 gave out the 6 croreth free cooking gas connection as the scheme to make available cleaner fuel in every household kitchens runs ahead of schedule.

Explanation: The government has constituted a committee to suggest recommendations to strengthen the real estate law RERA and to remove difficulties in its implementation.The decision to form the committee, to be headed by Union Housing and Urban Affairs Joint Secretary Shiv Das Meena.

Explanation: According to a top space official, India is planning to launch 32 space missions in 2019. The missions include the second lunar mission Chandrayaan-2 to land on the moon with lander and rover.

Explanation: The United States and Israel officially quit the U.N.’s educational, scientific and cultural agency (UNESCO) at the stroke of midnight, the culmination of a process triggered more than a year ago amid concerns that the organization fosters anti-Israel bias.

Explanation: France will introduce its own tax on large internet and technology companies from January 1. It has been pushing hard for a new so-called “GAFA tax-named after Google,Apple,Facebook and Amazon” — to ensure the global giants pay a fair share of taxes on their massive business operations in Europe.

Explanation: The asset quality of banks showed improvement with gross non performing assets ratio declining to 10.8 percent in September 2018 from 11.5 per cent in March 2018, according to Financial Stability Report by Reserve Bank of India (RBI).

Explanation: The balance sheet size of NBFCs grew by 17.2 percent to Rs 26 trillion in September 2018 from Rs 22.2 trillion in September 2017, according to Financial Stability Report by Reserve Bank of India (RBI).

Explanation: The direct tax to GDP ratio of 5.98 % achieved during 2017-18 fiscal is the best in the last 10 years, accoding to the finance ministry. It was 5.57 per cent in 2016-17 and 5.47 per cent in 2015-16.

Explanation: In a measure of relief for the troubled micro and small industries segment,the RBI permitted a one time restructuring of existing loans to MSMEs that are in default but “standard” as on January 1, 2019, without an asset classification downgrade. The restructuring has to be implemented by March 31,2020.

Explanation: The Union cabinet has approved the merger of public sector lenders Dena Bank, Vijaya Bank with Bank of Baroda.

Explanation: In its ‘Growth Outlook for 2019’, Confederation of Indian Industry stated that the GDP growth will be in the range of 7.5 % in 2019.

Explanation: India fast bowler Jasprit Bumrah has become the highest wicket taker in International cricket in 2018 after picking up 9 wickets in the Melbourne Test against Australia

Explanation: Indian wicket-keeper batsman Rishabh Pant became the country’s first keeper to complete twenty catches in a test series, during the final day of the ‘Boxing Day Test’.

Explanation: The government has appointed hemant Bhargava Managing Director, Life Insurance Corporation of India, as the Acting chairman.

Explanation: Veteran Kannada actor CH Loknath passed away at a private hospital in Bengaluru. He was 91.

Explanation: Veteran cricket coach Ramakant Achrekar, who trained Bharat Ratna Sachin Tendulkar and his friend Vinod Kambli, among others, passed away following a heart attack.

Explanation: The Competition Commission of India (CCI) appointed Pramod Kumar Singh as its secretary.

Explanation: The Reserve Bank of India (RBI) constituted an expert committee, which will review the ‘current institutional framework in place to support MSMEs along with examining the factors affecting timely and adequate availability of finance to them.’The new 8-member committee would be chaired by Upendra Kumar Sinha.

Explanation: Sports ministry has earmarked Rs 100 crore for funding the athletes under the Target Olympic Podium Scheme ahead of 2020 Olympics in Tokyo.

Explanation: The 27th edition of the New Delhi World Book Fair (NDWBF), which has the UAE’s third largest emirate Sharjah as its 2019 guest of honour, is set to enthrall book lovers from January 5 to 13 at Pragati Maidan in New Delhi.

Explanation: An ambitious web based single window system “Parivesh” will be rolled out at state levels by January 15, bringing an end to the clearance nightmare for entrepreneurs.

Explanation: Prime Minister Narendra Modi added “Jai Anusandhan” to the slogan “Jai Jawan,Jai Kisan” given by the late Prime Minister Lal Bahadur Shastri, hailing the power of research to propel the nation into the top league.

Explanation: The Cabinet was apprised of the progress and new initiatives under National Health Mission (NHM) such as a decline by 2.7 per cent in the Maternal Mortality Ratio (MMR) to 130 during 2014-16 from 178 during 2010-12.

Explanation: Google has acquired a start up named Supernod that built an app allowing users to post questions and receive answers from experts quickly — a move that will help boost Google Assistant’s ability to accurately answer users’ questions.

Explanation: ICICI Bank and Small Business FinCredit India Pvt Ltd will jointly provide loans worth up to Rs 1 crore to the small and medium enterprises.

Explanation: Food Safety and Standards Authority of India (FSSAI) said that food businesses need to comply with new packaging regulations that bar the use of recycled plastics and newspapers to wrap food articles by July 1.

Explanation: Andhra Pradesh emerged on top of Asia Competitiveness Institute (National University of Singapore), Singapore’s 2018 Ease of Doing Business Index ABC rankings for economies of 21 states of India, while Maharashtra and Delhi came in second and third place, respectively.

Explanation: Arunima Sinha, the Indian mountaineer who became the world’s first woman amputee to climb Mount Everest in 2013, has now become the first women amputee to climb Mount Vinson(Highest peak of Antarctica).

Explanation: On the occasion of his 78th birthday, veteran actor-producer Sanjay Khan announce his second book “Assalamalaikum Watan”.

Explanation: Eminenet Bengali literature and Sahitya Akademi awardee Dibyendu Palit has passed away following old age complications. He was 79.

Explanation: The Reserve Bank of India has decided to limit the liability of customers in case of unauthorised electronic payment transactions in Prepaid Payment Instruments (PPIs) issued by non-banks. If the fraud is reported between three and seven days, customer liability will amount to the transaction value or Rs 10,000,whichever is lower.

Explanation: Former bureaucrat M.P. Bezbaruah will head a nine-member high-level committee constituted by the Union government to look into the implementation of Clause 6 of the Assam accord of 1985 that provides for constitutional guaranttes to protect the state’s indegenous communities.

Explanation: World number nine Kei Nishikori defeated Daniil Medvedev of Russia in the summit clash to clinch the 2019 Brisbane International title (men).

Explanation: Vice-Chairman of Rajya Sabha, Harivansh Narayan Singh launched Manohar Manoj’s book “A Crusade Against corruption”.

Explanation: Manoj Das, an eminent English and Odia writer, received the Kabi Samrat Upendra Bhanja National Award for Lifetime Achievement in Literature.

Explanation: Indian Space Research Organisation (ISRO) Chairman Dr K Sivan said that the Union Government has allocated 10,900 crore rupees for the development of 40 satellite launch vehicles in the next four years.

Explanation: Prime Minister of Norway Erna Solberg has arrived in New Delhi on a three-day state visit to India. She was accompanied by senior officials from her government and a large business delegation. She will participate in the Indo-Norwegian Business Conference.

Explanation: The total value of BHIM UPI transactions crosses 1 lakh crore rupess in December 2018.Union Minister Ravi Shankar Prasad informed via tweet that the app-based payments touched 1 lakh, two thousand five hundred and ninety-four crore rupees mark in December last year.

Explanation: india scripted history after winning their first-ever Test series in Australia as the fourth Test at the Sydney Cricket Ground (SCG) concluded in a draw.

Explanation: India’s top-ranked doubles players Rohan Bopanna and Divij Sharan won the Tata Open Maharashtra ATP 250 Tournament in Pune after beating a British pairing of Luke Bambridge and Jonny O’Mara in straight sets.