Weekly CA Quiz: March 2018 3rd week with PDF

Explanation: The fifth World Ocean Summit was held at Riviera Maya, Mexico. It’s a chance for business, government and environmental leaders to talk about the problems facing the world’s seas and to come up with solutions to protect the planet’s vast ocean resources.

Explanation: World Sleep Day is an annual event, intended to be a celebration of sleep and a call to action on important issues related to sleep, including medicine, education, social aspects and driving. World Sleep Day is held the Friday before Spring Vernal Equinox of each year. The theme of World Sleep Day 2018 is ‘Join the Sleep World, Preserve Your Rhythms to Enjoy Life’.

Explanation: Veteran actress and talk show host Simi Garewal has been felicitated with a “UK Golden Flame Award” for her contribution to Indian cinema at the opening ceremony of the annual Tongues of Fire UK Asian Film Festival in London.

Explanation: Foreign direct investment has increased “steadily” in the country with total capital inflows reaching USD 208.99 billion during April 2014 to December 2017 period.

Explanation: Bolivia claimed to have unfurled the world’s biggest flag that stretched nearly 200 kilometres. Tens of thousands of Bolivians held the flag in a show of support for the country amid a maritime dispute with Chile. Bolivia has been demanding access to the Pacific Ocean, which it lost to Chile during a war in the 19th Century.

Explanation: Sri Lanka Cricket (SLC), on the occasion of the 70th independence of the island nation, paid a glowing tribute to former BCCI President Jagmohan Dalmiya by releasing a book, titled ‘A Tribute to Jagu’. SLC President Thilanga termed Dalmiya as a ‘hero’ who had the guts to stand up for what was right and carry on in the face of unmatched adversity.

Explanation: Prime Minister Narendra Modi inaugurated the five-day Indian Science Congress at the Manipur University in Imphal. This was the second Science Congress in the northeast in the last 100 years. Over 5,000 invitees are taking part, including 2,000 research scholars and scientists.

Explanation: India’s new unified Goods and Services Tax, which subsumed a web of central and state levies to make life easier for businesses, is one of the most complex and has the second highest rate in the world. There are only five countries in the world including India which have four or more tax rates of GST, according to the World Bank’s bi-annual India Development Update.

Explanation: Odisha will host the 80th Senior National Table Tennis Championships, most probably at Cuttack, after a gap of 12 years. The state had hosted the event in 2001 and in 2006.

Explanation: The Asian Development Bank (ADB) signed a $120 million loan agreement with India to improve operational efficiency of Indian railways by double-tracking and electrification of tracks along high-density corridors. The loan is part of the $500 million multi-tranche financing facility for railway sector investment programme approved by the ADB board in 2011.

Explanation: In its Global Economic Outlook report, Fitch, the US-based agency, projected India’s economic growth to rise to 7.3 per cent in 2018-19 and further to 7.5 per cent in 2019-20.

Explanation: Slovak President Andrej Kiska has accepted the resignation of Robert Fico from the prime minister’s post in the wake of a public outcry resulting from the murder of investigative journalist Jan Kuciak last month.

Explanation: Nepal have gained ODI status for the first time in their history after defeating Papua New Guinea by six wickets in the Cricket World Cup Qualifier play-off.

Explanation: NITI Aayog released comprehensive roadmaps and detailed timelines for its initiative ‘Sustainable Action for Transforming Human Capital in Education (SATH-E)’ project. These roadmaps, which operate between 2018 to 2020, lay out detailed interventions which will be taken by the three participating States- Jharkhand, Madhya Pradesh and Odisha – aiming to become ‘Role Model States’ in school education.

Explanation: The Ministry of Health and Family Welfare launched ‘LaQshya program’ aimed at improving quality of maternity care in labour room and maternity Operation Theatre (OT).LaQshya’ will reduce maternal and newborn morbidity and mortality, improve quality of care during delivery.

Explanation: China’s legislature appointed Wang Qishan as vice president, who ran President Xi Jinping’s relentless anti-corruption campaign before reaching a customary retirement age and stepping down from the Communist Party leadership last fall.

Explanation: Mobile application based financial services platform Paytm has announced the launch of two new services – Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold. The company said the customers can now send 24K 999.9 purity gold to each other instantly – offering them a convenient gifting solution.

Explanation: The traditional festival of Sajibu Nongma Panba Cheiraoba was celebrated in Manipur on 18th March to mark the beginning of a new year with religious fervour and gaiety.

Explanation: President Ram Nath Kovind released Rs 1,000 and Rs 10 commemorative coins on the occasion of Nabakalebar festival in Puri, Odisha. Earlier, the government had announced the release of the coins marking the festival which is a symbolic recreation of sibling deities — Lord Jagannath, Balabhadra and Devi Subhadra.

Explanation: Legendary musician and violinist Dilip Roy has passed away following old age complications. The West Bengal government had conferred the Sangseet Samman award on him for his contribution to music.

Explanation: Chinese Prime Minister Li Keqiang was re-elected for his second five-year term at the ongoing parliament session. Li is the second ranking leader in China after President Xi Jinping who has emerged as the most powerful leader after Mao Zedong.

Explanation: ‘Ugadi’, the Telugu New Year, was celebrated in Andhra Pradesh with traditional fervour and enthusiasm. Ugadi is the New Year’s Day for the people of Andhra Pradesh, Telangana , Karnataka and Maharashtra. It is called Gudi Padwa in Maharashtra, Yugadi in Karnataka while people of Andhra Pradesh and Telangana use the term Ugadi

Explanation: The Nabakalebara is a celebration of the ancient ritual of the Nabakalebara associated with most of the Jagannath Temples in Puri when the idols of Lord Jagannath, Balabhadra, Subhadra and Sudarshan are replaced by a new set of idols

Explanation: India’s largest lender SBI and India Mortgage Guarantee Corporation (IMGC) signed a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers.

Explanation: Singapore has been dubbed the world’s most expensive city to live in for the fifth year running in the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living 2018 survey.

Explanation: The Bureau of International Recycling (BIR) proclaimed March 18, 2018 the first Global Recycling Day. Based on the worldwide response, the organization was successful in calling attention to the issues facing the recycling industry and highlighting the importance of what it calls “the seventh resource.”

Explanation: In Cricket, Reigning Ranji Trophy champions Vidarbha have lifted their maiden Irani Trophy. On the final day of the match, they beat Rest of India by virtue of their massive first innings lead.

Explanation: The 7th edition of the Women science congress was formally inaugurated at the Centenary Hall of Manipur University, which is currently hosting the 105th Indian Science Congress.

Explanation: Chennaiyin FC lifted their game to a level befitting the occasion and sent fancied Bengaluru FC crushing to a painful 2-3 defeat, clinching the Indian Super League (ISL) title.

Explanation: The Indian government is in process of formulating ‘Kisan Urja Suraksha evam Utthan Mahabhiyan (KUSUM) scheme’to harness solar power for rural India.

Explanation: The Coast Guard commissioned an interceptor boat Indian Coast Guard Ship C-437, at Porbandar, Gujarat as part of its efforts to strengthen the security umbrella of the West coast.

Explanation: The first phase of Indo-French joint naval exercise Varuna 2018 kickstarted at the Mormugao Port Trust (MPT) in Vasco, Goa. The exercise is being held in the Arabian Sea off the Goa coast.

India beat Bangladesh by four wickets to win the Nidahas Cricket Trophy final in Colombo. In a nail biting final, the visitors clinched the T20 Tri-series title with Dinesh Karthik’s last-ball six. This is the eighth victory of India against Bangladesh in a T-20 format.

Explanation: Eminent Hindi poet and Jnanpith awardee Kedarnath Singh has passed away following prolonged illness. He was 84.

Explanation: Naval ships of the UAE and India will hold a first-ever joint exercise – ‘Gulf Star 1’ – giving a further boost to bilateral ties. Two Indian Navy ships INS Gomati (Guided Missile Frigate) and INS Kolkata (Guided Missile Destroyer) arrived in Dubai for the ‘Harbour Phase’ of the exercise and will participate with UAE Navy ships for the ‘Sea Phase’

Explanation: The last surviving northern white male rhinoceros of the world, named Sudan, has passed away in Kenya. Late Sudan had made headlines worldwide when, in an effort to raise funds for the conservation of the sub-species, dating app Tinder named him the ‘most eligible bachelor in the world’.

Explanation: Bihar Governor Satya Pal Malik has been given additional charge as the Governor of Odisha. Dr SC Jamir, who is the present Odisha governor, has completed his tenure.

Explanation: The theme of International Day of Happiness 2018 is “Share Happiness”.

Explanation: The 2018 G20 Buenos Aires summit will be the thirteenth meeting of Group of Twenty (G20). It will be held in 2018 in the city of Buenos Aires (Argentina).

Explanation: Canadian mathematician Robert Langlands won the prestigious Abel Prize for developing a programme connecting representation theory to number theory.

Explanation: India Post paid tribute to theoretical physicist and cosmologist Stephen Hawking by issuing a special cover on him.

Explanation: Myanmar’s civilian president, Htin Kyaw, has resigned with immediate effect “in order to take rest from the current duties and responsibilities”.

Explanation: General President-elect of Indian Science Congress Manoj Kumar Chakrabarti announced that the 106th edition of the Indian Science Congress will be held in January 2019 at Barkatullah University Bhopal, Madhya Pradesh. The theme for the ISC 2019 will be “Future India: Science & Technology”.

Explanation: A 24,583-metre-long cave that was discovered in 2016 in Meghalaya has been found to be the world’s longest sandstone cave by the Meghalaya Adventurers’ Association. Called Krem Puri, it is also the second largest cave in India. It is over 6,000 metres longer than the current world record-holder for the longest sandstone cave, the Cueva Del Saman in Zulia, Venezuela.

Explanation: Nanda Bahadur Pun was sworn in as Nepal’s vice president for his second term in office on 21st March, a day after he was re-elected to the post unopposed.

Explanation: The theme of the International Day of Forests in 2018 is “Forests and Sustainable Cities”.

Explanation: State-run Allahabad Bank announced that the Ministry of Corporate Affairs has allowed the amalgamation of its wholly own subsidiary – All Bank Finance Ltd (ABFL)-with the lender.

The theme of the International Day for the Elimination of Racial Discrimination in 2018 (March 21) is “Promoting tolerance, inclusion, unity and respect for diversity in the context of combating racial discrimination”.

Explanation: In a major boost to health infrastructure, the Union Cabinet approved the continuation of the National Health Mission (NHM) with effect from April 1, 2017 to March 31, 2020 with a budgetary support of Rs 85,217 crore as Central share.

Explanation: German President Frank-Walter Steinmeier has arrived on a four-day visit to India. The Steinmeier’s visit to India is considered significant after German Chancellor Angela Merkel was re-elected to the German Parliament for a record fourth term.

Explanation: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the launch of Ayushman Bharat – National Health Protection Mission (AB-NHPM) promising health coverage to 10 crore poor families with no restriction on age and family size. Ayushman Bharat, popularly known as Modicare and tagged as world’s largest government funded public health coverage, seeks to provide Rs 5 lakh medical coverage per family per year to 10.74 crore poor and vulnerable families based on Socio Economic and Caste Census (SECC).

Explanation: Senior journalist Sunil Sharma has passed away after heart attack. He was 49. Sharma was working as the bureau chief of Hindi daily ‘Divya Himachal’.

Explanation: The theme for World Water Day in 2018 (March 22) is “Nature for Water”.

Explanation: The Cabinet Committee on Economic Affairs (CCEA) approved the Integrated Scheme for Development of Silk Industry. The scheme aims at making India self-sufficient in silk production. It will help to increase productive employment from 85 lakh to one crore people by 2022. Also, Integrated Scheme for Development of Silk Industry aims to achieve self-sufficiency in silk production by 2022.

Explanation: The Kerala Government has declared jackfruit as the state government’s official fruit. The aim is to promote the ‘Kerala Jackfruit’ as a brand in markets across the country and abroad, showcasing its organic and nutritious qualities, Kumar said in the state assembly.

Explanation: Les Payne (American), a Pulitzer Prize-winning journalist and columnist for Newsday who fiercely championed racial equality has passed away. He was 76. He won Pulitzer Prize for “Heroin Trail” series in 1974.

Explanation: Social activist C R Chandradath has passed away. Chandradath (75) was undergoing treatment for some ailment.

Explanation: INS Ganga, an indigenously built frigate of the Indian Navy, was decommissioned in Mumbai, after over three decades of service. Commissioned on December 30, 1985, the ship represented a big step forward in the nation’s warship building capability.

Explanation: Bank of America has started rolling out Erica, its chatbot that can help customers check balances, remind about bills and answer bank-related questions. The bank started testing Erica in 2017.

Explanation: Punjab Government observed the martyrdom day of Shaheed-e-Azam Bhagat Singh, Shaheed Sukhdev and Shaheed Rajguru (23rd March) as ‘Youth Empowerment Day’. Dedicating the occasion to youth empowerment, Punjab CM Captain Amarinder Singh also launched a unique initiative – DAPO (Drug Abuse Prevention Officer) – to engage with government employees and citizens of Punjab in the ongoing fight against drugs.

Explanation: The government has decided to declare 2018 as National Year of Millets to boost the cultivation of millets like ragi and jowar on a mission mode to achieve nutritional security. The push will promote cultivation of jowar, bajra, ragi.

Explanation: The theme of World Meteorlogical Day in 2018 (March 23) is “Weather-ready, climate-smart”.

Explanation: US launched a challenge at the World Trade Organization (WTO) against China over intellectual property breaches. US President Donald Trump hit China with tariffs up to 60 billion Dollars of imports to retaliate against the theft of American intellectual property, ratcheting up trade tensions between the world’s two largest economies.

Explanation: The Andhra Pradesh Government launched, NAIPUNYA RATHAM or World on Wheels, a multi-utility vehicle which aims to bring technology to the remote corners. It was launched at the Secretariat in Amaravathi.