Weekly CA Quiz: October 2018 2nd week with PDF

Explanation: The Karnataka Government of Social Welfare has launched Unnati, a scheme to foster entrepreneurs working on rural and social impact technologies. As part of the scheme, the department will invest up to Rs 20 crore to create end-to-end support infrastructure for start-ups and entrepreneurs from a marginalised background.

Explanation: Haryana Chief Minister Manohar Lal Khattar said an anti-terrorist force “Kavach” — will be set up to further strengthen the security arrangements in the state.

Explanation: The International Criminal Police Organization(INTERPOL) received the resignation of its Chinese president Meng Hongwei.

Explanation: Growth in India is firming up and projected to accelerate to 7.3 percent in the 2018-19 fiscal and 7.5 percent in the next two years, the World Bank said.

Explanation: RBI issued guidelines for operating Electronic Trading Platforms(ETPs) to transact in eligible instruments. Trading on electronic platforms is being encouraged across the world as it enhances pricing transparency, processing efficiency and risk control.

Explanation: The National Housing Bank increased its refinance limit to Rs 30,000 crore to make more funds available to eligible housing finance companies.

Explanation: Javelin thrower Sandeep Chaudhary ended India’s wait for a gold medal at the 2018 Para Asian Games in Indonesia.

Explanation: Brett Kavanaugh has been sworn in as the 114th US Supreme Court Justice after the Senate narrowly voted to confirm him.

Explanation: The Royal Swedish Academy of Sciences in Stockholm has given the 50th Nobel Prize in Economics Sciences to William D.Norddhaus and Paul M.Romer both from the US for “integrating climate change and technological innovations into long-run macroeconomic analysis.”

Explanation: World Post Day is celebrated each year on 9 October the anniversary of the establishment of the Universal Postal Union in the Swiss Capital, Bern. It started in 1969. Since then, countries all over the world take part in celebrations to highlight the importance of the postal service.The theme for 2018 is “Imagine you are a letter travelling through time.What message do you wish to convey to your readers?”

Explanation: Well-known Malayalam poet MN Paloor passed away at his residence at Kovoor in Kozhikode.

Explanation: Thangjam Tababi Devi became India’s first judo medallist at the Olympic level, claiming a silver at the ongoing Youth Games after losing to Venezuela’s Maria Giminez in the finals of the women’s 44 kg category.

Explanation: The International Olympic Committee had announced that the fourth edition of the Youth Olympic Games will be held in Dakar,Senegal.

Explanation: Microsoft-owned LinkedIn has acquired Glint,a California based employee engagement company that helps organisations get feedback from employees.

Explanation: In its latest World Economic Outlook, the IMF said India will grow 7.3 percent in FY 19 and 7.4% in FY20.

Explanation: Pakistan successfully test-fired Ghauri Ballistic missile which is capable of carrying both conventional and nuclear warheads up to a distance of 1300 kilometers.

Explanation: US Ambassador to the United Nations Nikki Haley resigned directly to President Donald Trump. She served as US Ambassador to the United Nations since 2017.

Explanation: Veena Sendre from Chhatisgarh has been chosen as India’s first Miss Trans Queen.

Explanation: The Rabindranath Tagore Memorial Auditorium built with Indian grant assistance of Rs 300 millon at the University of Ruhuna, Matara in the Southern Province, was dedicated to the people of Sri Lanka.

Explanation: Prime Minister Narendra Modi unveiled a 64-foot-tall statue of peasant leader Sir Chhotu Ram at his native village Sampla in Haryana’s Rohtak district.

Explanation: The centre has reconstituted Supreme Court-empowered Environment Pollution Authority or the EPCA, which is tasked with taking various measures to tackle air pollution in the National Capital Region. The tenure of the last EPCA expired on October 3.Former secretary Bhure Lal continues to be the chairman, while the Centre for Science and Environment (CSE) DG Sunita Narain is one of the members.

Explanation: Japan’s passport has been named the most powerful in the world, overtaking Singapore, according to the Henley Passport Index. Having gained visa-free access to Myanmar earlier this month, Japanese citizens now have visa-free or visa-on-arrival access to 190 destinations around the world.

Explanation: A 10-member panel set up by the corporate affairs ministry will examine the trends in digital economy, including steep discounts in online retailing, and whether the e-tailers are subject to any restrictions in their access to dealerships from manufacturers. The competition law review panel chaired by corporate affairs secretary Injeti Srinivas will also examine if the fee prescribed for the petitioners to approach the anti-trust regulator is high.

Explanation: Cyclone Titli has intensified into a “very severe cyclonic storm” and will make a landfall in areas bordering Odisha and Andhra Pradesh along the eastern coast.

Explanation: Bharat Petroleum Corporation Limited(BPCL)will complete commissioning of its second generation (2G) ethanol bio refinery at Baulsingha village in Bargarh district by 2020. The proposed plant will see an investment of Rs1000 crore the foundation stone of which will be laid on October 10.

Explanation: Former Chelsea and England captain John Terry has decided to call time on his playing career after 23 years in the game.

Explanation: Pakistan spinner Abdur Rehman has announced his retirement from international cricket. Declaring the same, the 38-year-old said that it is a “tough call” but it is no longer possible for him to continue playing the game.

Explanation: Senior Advocate Tushar Mehta has been appointed as the new Solicitor General of India. He is currently serving as the Additional Solicitor General.

Explanation: Singer Nitin Bali passed away after succumbing to his injuries in a road accident. He was 47. He was known for lending his voice to revamped versions of songs like “Neele Neele Ambar Par,” “Chukar Mere Man Ko,” “Ek Ajanbee Haseena Se” and “Pal Pal Dil Ke Paas.”

Explanation: World Mental Health Day is a day for global mental health education, awareness and advocacy against social stigma. It is celebrated every year on 10 October.It was first celebrated in 1992 at the initiative of the World Federation for Mental Health, a global mental health organization with members and contacts in more than 150 countries.The theme of this year is “Young People and Mental Health in a changing world”.

Explanation: The Central Government has sent an advisory to the Chandigarh Administration to follow the notification issued by the Delhi Government giving exemption to Sikh women from wearing protective headgear(Helmet) while riding two-wheelers in the city.

Explanation: UK-based charity Oxfam Internationals “Commitment to Reducing Inequality Index” ranks India 147th among 157 countries analysed, describing the country’s commitment to reducing inequality as a “a very worrying situation” given that it is home to 1.3 billion people, many of whom live in extreme poverty.The list is topped by Denmark.

Explanation: In the wake of the #MeToo Movement, the Producers Guild of India announced the formation of a special committee to look into matters of sexual harassment at the workplace within the industry. The committee with filmmakers Kiran Rao and Ekta Kapoor among others as its members held its first meeting.It will be headed by Sneha Rajan.

Explanation: The Centre has notified a higher interest rate of 8% for the non-government provident, superannuation, and gratuity funds, effective from October 1.

Explanation: Manu Bhaker became the first shooter from India to claim a gold medal at the Youth Olympic Games taking place in Buenos Aires, Argentina with a spectacular performance in what is being seen as a comeback after a disappointing Asian Games.

Explanation: International Day of Girls is an international observance day declared by the United Nations; it is also called the Day of Girls and the International Day of Girls. The observation supports more opportunity for Girls and increases awareness of gender inequality faced by Girls worldwide based upon their gender.Each year’s Day of Girls has a theme. For 2018 it is “With Her:A Skilled Girl Force”.

Explanation: Environmentalist GD Agarwal, who was on a fast for the last 111 days demanding a clean Ganga, passed away after a heart attack in Rishikesh.

Explanation: Well-known Malayalam poet MN Paloor passed away in Kozhikode.

Explanation: The Appointments Committee of the Cabinet has appointed Pravin Srivastava, Additional Director General, Ministry of Statistics and Programme Implementation,as Chief Statistician of India(CSI), and Secretary of the Statistics Ministry.

Explanation: World Sight Day 2018 is celebrated every year all over the world on Oct 11 to raise awareness about the importance of taking care of your eyesight. The theme of World Sight Day 2018 is “Eye Care Everywhere”.

Explanation: World Arthritis Day 2018 is observed on October 12. This day is exclusively meant to raise awareness about arthritis, a condition which affects millions of people across the world. The theme of World Arthritis Day this year is “Its in your hands,take action”.

Explanation: Sikkim has won the UN Food and Agriculture Organisations Future Policy Gold Award for its achievement in becoming the world’s first totally organic agriculture state.

Explanation: CWG and Asian Games gold medallist Bajrang Punia is the only Indian wrestler from a strong 30-member squad to get a seeding at the upcoming World Championships as he has been seeded third in the 65kg category in men’s freestyle competition.

Explanation: India are placed 5th while three-time champions Australia lead the 46-team table as the International Cricket Council launched global Women’s T20 Team Rankings.

Explanation: Japan is all set to host the 2019 International Association of athletics Federations World Relays beginning May 11.

Explanation: SBI has signed an MoU with Kathmandu-based National Banking Institute(NBI) for the development of human resources of the latter.

Explanation: In a first, the Uttar Pradesh government has approved the setting up of a political training institute in Ghaziabad. The institute will give political training to public representatives and political workers, and will professionally groom political leadership in the country.

Explanation: The country’s first India Israel Innovation Centre, an entrepreneurial technology hub, was launched in Bengaluru.

Explanation: India has a target of 100 GW installed capacity of solar energy by 2022,of which 40GW, is projected to come from rooftop solar systems.

Explanation: India suffered a whopping USD 79.5 billion economic loss due to climate-related disasters in the last 20 years, according to a UN report which highlights the impact of extreme weather events on the global economy.

Explanation: The United Nations General Assembly designated Oct 13 as the International Day for Natural Disaster Reduction as part of its proclamation of the International Decade for Natural Disaster Reduction.The theme of 2018 is “Reducing the economic loss of disasters”.

Explanation: Hindustani classical musician Annapurna Devi passed away at Breach Candy Hospital in Mumbai.

Explanation: The Appoinments Committee of the Cabinet has approved extension in tenure of Bank of Baroda’s Managing Director and Chief Executive Officer PS Jayakumar given one year extension, i.e. till October 12, 2019.

Explanation: As per the index, India was ranked 103rd out of 119 qualifying countries. The Global Hunger Index 2018 report was prepared jointly by global NGOs namely, Concern Worldwide (Ireland) and Welthungerhilfe (Germany). The index was topped by Belarus.

Explanation: The Inland Waterways Authority of India is set to launch a Roll on –Roll off service in Assam from Neamati to Manjuli Island , the Ministry of Shipping said.

Explanation: India was elected to the United Nations top human rights body for a period of three years beginning 1 January 2019, getting 188 votes in the Asia Pacific Category.

Explanation: India and Sri Lanka signed 2 Memoranda of Understanding (MoU) for construction of 1200 houses through 50 model villages, using Indian grant assistance of 60 crore Srilankan rupees.

Explanation: The World Migratory Bird day is now celebrated twice a year, on the second Saturday of May and in October.The theme for this year is “Unifying our voices for Bird Conservation”.

Explanation: Guadeloupean novelist Maryse Conde has been announced as the winner of the New Academy prize in literature, a one-off award intended to fill the void left by the cancellation of this year’s scandal-dogged Nobel prize for literature.

Explanation: The “100 per cent organic state” Sikkim,the first in the world, will get the “Oscar for best policies” at a UN ceremony in Rome”and it bolsters efforts to attain the Sustainable Development Goals.

Explanation: Turtle “Olly” has been declared as the official mascot for the Odisha’s Men’s Hockey World Cup, scheduled to be held at the Kalinga Stadium in Bhubaneshwar from November 28 to December 16, 2018.

Explanation: The World Bank launched a new $150 million fund intended to help insure vulnerable countries against natural disasters and the increasing risk of climate change-linked crises.

Explanation: Malaysia Cabinet has agreed to abolish the death penalty and halt pending executions, a move that has been hailed by International Human Rights groups and foreign diplomats.

Explanation: India has slipped four positions in the last seven years, to settle at the 6th rank in the latest global index on Right to Information.Afghanistan topped the list.

Explanation: On October 15,the United Nations commemorates the International Day of Rural Women. This year the theme is “Sustainable infrastructure, services and social protection for gender equality and the empowerment of rural women and girls”.

Explanation: A book titled “Lalu Leela” penned by Deputy CM Sushil Kumar Modi was released in Patna.

Explanation: National Award winning music director Mohammed Zahur Khayyam Hashmi, famous as “Khayyam”, has been named for this year’s Hridyanath Award for Lifetime Achievement.

Explanation: Novak Djokovic won a record 4th Shanghai Masters Title over 13th-seeded Borna Coric.

Explanation: Chartered accountants’ apex body The Institute of Chartered Accountants of India has constituted a nine-member panel to study the systemic issues in the IL&FS crisis, amid the government intensifying efforts to address the problems at the diversified group.The nine-member panel is headed by S B Zaware.

Explanation: India and China have launched their first joint programme for Afghanistan to train its diplomats.