Weekly CA Quiz: October 2018 1st week with PDF

Explanation: The government constituted a seven-member ministerial panel headed by Bihar Deputy Chief Minister Sushil Modi to examine modalities for revenue mobilisation in case of natural calamities and disasters.

Explanation: The Uttarakhand Assembly unanimously passed a resolution to declare cow the “Rashtra Mata” or the mother of the nation.

Explanation: India’s external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits.

Explanation: IMF has appointed Gita Gopinath as its Chief economist.

Explanation: The UNICEF has appointed Ravi Venkatesan has its special representative of young people.

Explanation: The International Day of Older Persons is observed on October 1each year to raise awareness about issues affecting the elderly, such as senescence and elder abuse. It is also a day to appreciate the contributions that older people make to society.The theme this year is, “Celebrating Older Human Rights Champions”.

Explanation: James P.Allison of the USA and Tasuko Honjo of Japan were jointly awarded the Noble Prize in Physiology or Medicine for their pioneering work in the fight against cancer.

Explanation: World Habitat Day is celebrated annually on the first Monday of October. The event focuses on the state of human settlements and people’s right to sufficient shelter.This year theme is “Municipal Solid Waste Management”.

Explanation: Veteran Malayalam film personality Thampi Kannanthanam passed away at a private hospital in Kochi after several days of illness.

Explanation: The Nobel Prize in Physics 2018 was awarded “for groundbreaking inventions in the field of laser physics” with one half to Arthur Ashkin “for the optical tweezers and their application to biological systems”, the other half jointly to Gérard Mourou and Donna Strickland “for their method of generating high-intensity, ultra-short optical pulses.”

Explanation: Mohd Mushtaque Ahmad was named as the new President of Hockey India following the 8th Hockey India Congress and Elections in New Delhi.

Explanation: Australian football captain Mile Jedinak has announced his retirement from international football after a stellar career that saw him reach three World Cups.

Explanation: ADB said it has approved a USD 150 million loan to finance road infrastructure and international trade corridor in West Bengal and north-eastern states.

Explanation: The 6th edition of IBSAMAR, a joint Multi-National Maritime Exercise between the Indian,Brazilian and South African Navies, is being held at Simoes Town,South Africa.

Explanation: Assam became the first state to offer financial assistance under a special scheme for pregnant tea garden workers.They will also not be engaged in work from the third trimester of pregnancy to three months after delivery. Women form the bulk of the workforce in the state’s 800-odd tea gardens.

Explanation: The Board of Control for Cricket in India(BCCI) is covered under the RTI Act and answerable to the people of the country under its mechanism.

Explanation: The government released agriculture census for 2015-16 that showed a 1.53 per cent decline in total operated area at 57.14 million hectare as compared to 2010-11 data, but a rise in both operational holdings and female participation.

Explanation: Shri Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship will kick off an innovative initiative in New Delhi with PSU Oil Marketing Companies.Titled SATAT, the initiative is aimed at providing a Sustainable Alternative Towards Affordable Transportation(SATAT) as a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs.

Explanation: India ranks fifth, jointly with Hong Kong and Thailand, in terms of the largest pictorial warning on cigarette packs with 85 percent of both sides of the packets covered, a Canadian Cancer Society report said.

Explanation: India and Asian Development Bank signed a $240 million loan agreement to provide safe drinking water to about 1.65 million people in three districts of West Bengal.

Explanation: India has launched a massive operation to provide assistance to the earthquake and tsunami victims in Indonesia, dispatching two aircraft and three naval ships carrying relief material to the country.

Explanation: With the population of the endangered Gangetic river dolphin decreasing and its habitat changing, the much-awaited National Dolphin Research Centre, India’s and Asia’s first, would be a reality in Patna on October 5.

Explanation: Veteran Kurdish leader Barham Salih has been elected as the President of Iraq.

Explanation: Australian midfielder Mile Jedinak announced his retirement from international football.

Explanation: Russia goalkeeper Igor Akinfeev is retiring from international soccer after leading the national side as captain to this year’s World Cup quarter-finals on home soil.

Explanation: The Nobel Prize in Chemistry 2018 was divided, one half awarded to Frances H. Arnold from US “for the directed evolution of enzymes”, the other half jointly to George P. Smith from US and Sir Gregory P. Winter from UK “for the phage display of peptides and antibodies.”

Explanation: October 1 is celebrated as International Coffee Day. International Coffee Day is an occasion that is used to promote and celebrate coffee as a beverage, with events now occurring in places across the world. The first official date was 1 October 2015, as agreed by the International Coffee Organization.The theme of this year’s International Coffee Day is “Women in Coffee”.

Explanation: A month-long National Khadi Festival 2018 to promote Khadi products has been inaugurated on the occasion of Gandhi Jayanti 2018, by Union Minister for Micro Small & Medium Enterprises, Shri Giriraj Singh.

Explanation: The Union Cabinet chaired by Prime Minister Narendra Modi approved the establishment of National Institute of Mental health Rehabilitation in Sehore district instead of earlier approved Bhopal location.

Explanation: The Indian and Vietnamese Coast Guards will take part in joint exercise Sahyog Hop Tac 2018 off Chennai to promote interoperability between the two maritime forces.

Explanation: India and ADB signed $100 million loan agreement to strengthen capacity of Kolkata Municipal Corporation(KMC) for resilient urban services.

Explanation: Manipur Chief Minister N Biren Singh declared Manipur as the 23rd state to become Open Defecation Free in India. It is the 5th state in the North East to get the ODF tag.

Explanation: Mobikwik announced the launch of its breakthrough product called “Boost”, that offers instant loan approval and disbursal to MobiKwik users.

Explanation: Manipur claimed victory in the final of the 24th Senior Women’s National Football Championships, defeating hosts Odisha in the summit clash by a 2-1 margin in Cuttack.

Explanation: Arkady Dvorkovich, former Deputy Prime Minister of Russia, was crowned as the new King of FIDE, the world body governing chess at the 89th FIDE Congress held at Batumi in Georgia.

Explanation: Evan Atar Adaha, a surgeon who runs a remote hospital in South Sudan, received the prestigious 2018 UNHCR Nansen Refugee Award.

Explanation: World Teachers Day also known as International Teachers Day, is observed on Oct 5 every year. World Teachers’ Day focuses on “appreciating, assessing and improving the educators of the world” and to provide an opportunity to address issues related to teachers and teaching.This year’s World Teachers’ Day theme is : “The right to education means the right to a qualified teacher”.

Explanation: Oscar-winning animator Will Vinton passed away at the age of 70. He was battling with multiple myeloma for 12 years.

Explanation: The Noble Peace Prize has been awarded to a Congolese doctor Denis Mukwege and an Iraqi woman Nadia Murad for their efforts to end sexual violence as a weapon of war.

Explanation: Ramon Laguarta assumed the role of CEO of global beverage giant PepsiCo, succeeding India-born Indra Nooyi who had helmed the American company for 12 years.

Explanation: Developing countries of the East Asia and Pacific Region will grow at 6.3 per cent in 2018, the World Bank has said.The outlook for the region remained positive despite a lower growth prospect than in 2017 owing to a moderation in China’s growth.

Explanation: The United Nations Conference on Trade and Development in its Trade and Development Report predicted the GDP growth of India for 2018 to be at 7 percent. Previously in 2017, it was 6.2%.

Explanation: India’s overall ranking on the government’s adoption of e-payments has moved up to 28th in 2018, from 36th in 2011.Norway leads the pack in the 73-country ranking, followed by France and Denmark.

Explanation: RBI has maintained status quo on all key policy rates in the 4th bi-monthly Monetary policy review. The six member monetary policy committee, MPC headed by Governor Urjit Patel decided to keep the policy repo rate unchanged at 6.5 percent and the reverse repo rate at 6.25 percent.

Explanation: The much-delayed 36th National Games in Goa will be held from March 30 to April 14 next year. Opening and Closing ceremonies will be held at PJN Stadium, Fatorda.

Explanation: Satara in Maharashtra stood first in the all-India cleanliness ranking in a survey of 685 districts across the country.

Explanation: The government has approved a Rs 469.41 crore package for the revival of closed NEPA mill in Madhya Pradesh, Union minister Ravi Shankar Prasad said.

Explanation: The fourth edition of the India International Science Festival began in Lucknow. A number of conferences and exhibitions showcasing of the work of young scientists were held.The theme is “Science for Transformation”.

Explanation: The government said that it will come up with ‘Status of India Nutrition” report in March next year where states will be ranked according to their performance under the Poshan Abhiyaan.The National Institute on Nutrition(NIN) will come out with the report which deals with various parameters of nutrition.The government also took a loan of $200 million from World Bank for implementing the scheme which will cover all districts across various states and union territories.

Explanation: The Centre and ADB have signed a 110 million dollar loan agreement for the upgradation of 2800 km kilometers all-weather rural roads in Madhya Pradesh.

Explanation: Northeast and Assam Petro Chemicals, a state-owned company launched Asia’s first canister based and India’s first “Methanol Cooking Fuel Program”.

Explanation: Odisha Chief Minister Naveen Patnaik launched the “Nirman Kumsuma Yojana” to provide financial assistance to children of construction workers for pursuing technical education.

Explanation: Odisha Chief Minister Naveen Patnaik launched a common city payment card system “Odyssey City Card” for Bhubaneshwar.

Explanation: The 3rd Youth Olympic Games has officially begun at Buenos Aires,Argentina.India is represented with a contingent of 68 members, including 46 athletes, will compete in 13 sports during the prestigious event.

Explanation: Pankaj Sharma has been appointed as the ambassador and India’s permanent representative to the United Nations Conference on Disarmament in Geneva.

Explanation: Nepal won tourism awards at the 14th Hospitality India and Explore the World Annual International travel Awards 2018 which was held in New Delhi.

Explanation: Haryana was ranked as the best state while Satara district of Maharashtra was ranked as the best district as per the ranking undertaken by Swachh Survekshan Grameen 2018. Uttar Pardesh was rewarded for maximum citizens participation.

Explanation: Veteran Journalist and former News Editor of Press Trust of India (PTI) Pradip Chowdhury has passed away in Kolkata following a cardiac arrest. He was 64.

Explanation: The Indian pair of Meghana Reddy and Tasnim Mir has won the Under 15 girls double titles in the Badminton Asia Junior Under-17 and Under-15 championships.

Explanation: India’s Keerthana Pandian has won the girls’ title in the IBSF World Under 16 Snooker Championship, her maiden international crown.

Explanation: The government appointed former Canara Bank managing director Rakesh Sharma as head of IDBI Bank for a period of six months.

Explanation: Lewis Hamilton won the Japanese Grand Prix in a Mercedes one-two to take a 67-point lead in the Formula One championship.

Explanation: India clinched the Under 19 Asia Cup, beating Sri Lanka by 144 runs in the final. This is India’s sixth title in seven editions of the U-19 continental tournament.

Explanation: RBI approved the proposal of Kerala government for the formation of Kerala Bank. RBI approved formation of ‘Kerala Bank’ having Rs 650 bn in deposits. The decision was taken by special task force headed by Chairman MS Sriram. The bank will be formed by consolidating State Cooperative Bank and the 14 district cooperatives.

Explanation: JIMEX -18, a bilateral maritime exercise between India and Japan,began in Vishakapatnam.