Weekly CA Quiz: September 2018 1st week with PDF

Explanation: Prime Minister Narendra Modi launched the India Post Payments Bank(IPPB)that aims “to change the the banking system in the country”. The launch was done at Talkatora Stadium in New Delhi.

Explanation: The 4th BIMSTEC Summit successfully concluded with Nepal prime minister KP Sharma Oli handing over the chairmanship of the grouping to Sri Lankan President Maithripala Sirisena.

Explanation: Minister of State for AYUSH Shri Shripad Yesso Naik inaugurated the 4th International Ayurveda Congress at Netherlands. The congress would focus on promotion and propagation of Ayurveda in Netherlands and its neighboring countries of Europe.

Explanation: Major General A.K. Sanyal, General Officer Commanding, Bengal Sub-area, inaugurated State Bank of India e-facilitation and e-corner facility for Indian army veterans at the Army Complex near Fort William, Kolkata.

Explanation: Economic policy think-tank NCAER has retained India’s growth forecast for the current fiscal at 7.4 percent citing comfortable agricultural sector outlook and a marked improvement in the external sector.

Explanation: Former India and TamilNadu batsman Subramaniam Badrinath announced his retirement from all forms of cricket in a specially organised presser at the Tamil Nadu Cricket Association (TNCA) headquarters in Chennai.

Explanation: Indian Digambara monk Tarun sagar, passes away in east Delhi after prolonged illness. He was suffering from jaundice and other ailments.

Explanation: India won a gold medal in the bridge competition of the 18th Asian Games with Pranab Bardhan and Shibhnath Sarkar clinching the top honours in the men’s pair event.

Explanation: UIDAI extended till November 1 the deadline for banks to do minimum Aadhaar enrolments and updations in identified branches.

Explanation: International tourist arrivals hit record high in 2017 with India leading the growth in South Asian Region. According to data from the UN’s tourism organisation, a total of 1,323 million international tourist arrivals recorded in destinations around the world. The figure represents an 84 million increase over 2016, and a new record.

Explanation: Japan’s young swimmer Rikako Ikee was named the Indonesia Asian Games Most Valuable Player after winning six gold and two silver medals. She received $50,000 in prize money.

Explanation: Justice Ranjan Gogoi is set to take over as the new Chief Justice of India on October 3, 2018.

Explanation: The Indian Banks Association has elected PNB managing director and chief executive, Sunil Mehta, as the new chairman for 2018-19.

Explanation: The Nagaland government has declared the Singphan Widlife Sanctuary as an elephant reserve making it the 30th reserve for jumbos in the country.

Explanation: The Gujarat Government has partnered with a top India-centric American advocacy group for the Vibrant Gujarat Summit in January 2019, which is expected to be attended by some of the top American corporate leaders.John Chambers, chairman of US-India Strategic and Partnership Forum (USISPF), will lead a high-level CEO delegation to the summit next year. Gujarat will host the 9th edition of the annual industry summit ‘Vibrant Gujarat’ from January 18 to 20, 2019, in Gandhinagar.

Explanation: Prime Minister Narendra Modi released Venkaiah Naidu’s book,Moving On…Moving Forward :A year in Office on his experiences during the first year as the Vice President of India and Chairman of Rajya Sabha and called him a strict “disciplinarian”.

Explanation: Commerce & Industry Minister Suresh Prabhu attended the 6th East Asia Summit:Economic Ministers Meeting(EAS-EMM) and 15th India-ASEAN Economic Ministers Meeting(AEM) in Singapore. Singapore is currently holding the Chair of ASEAN.

Explanation: Former junior world champion boxer Sakshi Choudhary added the youth crown to her cabinet, claiming the gold with a dominating victory over Nikolina Cacic of Croatia in Budapest.

Explanation: Lewis Hamilton delivered one of his greatest races when he wrecked Ferrari’s homecoming party as he stormed to a record-equalling fifth Monza victory at the Italian Grand Prix.

Explanation: Nehal Chudasama is thrilled to be crowned as Yamaha Fascino Miss Diva Universe and says the feeling will take some time to settle as this was her long standing dream.

Explanation: India along with 23 other nations, would be participating in a major Indian ocean-wide tsunami mock exercise (drill) on September 4 and 5, which would involve evacuation of thousands of people from coastal areas in over half a dozen states.The exercise known as IOWave18.

Explanation: According to Home Ministry officials, the Raghubar Das government had proposed that Nagar Untari town and railway station be renamed as Banshidhar Nagar, after Banshidhar Temple, which is dedicated to Krishna, in Garhwa.

Explanation: Countries in WHO’s South-East Asia Region, including India committed to make essential medicines, vaccines, diagnostics and medical devices “affordable and accessible to all” within the region and beyond.Health ministers and officials of the 11-member countries taking part in the 71st session of the WHO Regional Committee in NewDelhi signed the ‘Delhi Declaration’ aimed at improving access to essential medical products.

Explanation: The International Aviation Summit began in New Delhi. The seminar has been jointly organized by the Airports Authority of India,Ministry of Civil Aviation and International Air Transport Association.

Explanation: China will be Jharkhand’s partner country at the Food Processing Summit slated in November, visiting Chief Minister Raghubar Das.

Explanation: The US-India Business Council(USIBC), a top American business advocacy group, to showcase the positive impact of the US-India relationship and focus on future opportunities for companies in the two nations. The theme of the conference is “US and India connecting our future”.

Explanation: Mauritius remained the top source of FDI into India in 2017-18 followed by Singapore, whereas total FDI stood at $37.36 billion in the financial year, a marginal rise over the $36.31 billion recorded in the previous fiscal, according to RBI data.

Explanation: RBI asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO).

Explanation: The National Bank for Agriculture and Rural Development (NABARD) said it has sanctioned Rs.334.75 crore in August, under the Rural Infrastructure Development Fund (RIDF), to West Bengal for 158 minor irrigation and 23 flood protection projects.

Explanation: England’s Alastair Cook announced retirement from International cricket, saying that there is ‘nothing left in the tank’ for him. England’s highest Test run-scorer will bow out at the end of the fifth Test against India.

Explanation: Dr Arif Alvi emerged victorious in Pakistan’s presidential elections, according to Pak media reports.

Explanation: Former Maharashtra football player Arthur Pereira passes away in Mumbai. He was fighting a battle against cancer for the past one year.

Explanation: The Government has approved a proposal to increase wages of artisans by over 36 % from five rupees 50 paisa per hank to seven rupees 50 paisa.

Explanation: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that demand for energy will increase due to rapid development taking place in India and fossil fuel is not going to last forever and therefore there is need for renewable energy. He was speaking at a function of International Solar Alliance(ISA) Innovation and Investment Forum in NewDelhi. The Minister emphasized on the need for sending market signals so that more funds are invested in R&D in solar energy. India has set a target to generate 100 GW solar energy by for increasing share of carbon free energy in the energy mix.

Explanation: India will emerge as the biggest passenger car market by 2030, with every second car being sold will be here in the country, NITI Aayog CEO Amitabh Kant said.

Explanation: The Conference on E-Mobility in Indian Railways began in New Delhi to discuss the strategies regarding future of mobility in the country.

Explanation: Indo-Kazakhstan Joint Army Exercise “Kazind”will be conducted between the Indian and Kazakhstan Army from 10 to 23 Sep 2018 in Otar Region,Kazakhstan. This is the third joint military exercise between the two countries which have a history of extensive cooperation in the defence arena.

Explanation: Kansai airport, a major transport hub serving Osaka, Kobe and Kyoto, was cut off when an ocean tanker hit and damaged its bridge to the mainland.Jebi, Japan’s most powerful storm in 25 years, has killed at least 10 people.

Explanation: The International Women Entrepreneurs Summit 2018 is being held in Kathmandu,Nepal.Vice President of Nepal Nanda Bahadur Pun inaugurated the summit.
He expressed concern over increasing violence against women and highlighted the need for public efforts to eliminate it.The theme of 3-day event is “Equality begins with Economic Empowerment”.

Explanation: Former Indian fast bowler Rudra Pratap Singh has announced his retirement from all forms of cricket.

Explanation: Bollywood actor Akshay Kumar is proud and honoured to be the ambassador of the Lal Bahadur Shastri Memorial Foundation.

Explanation: National Nutrition Week 2018 begins from September 1 and will run through September 7. This week is observed in order to raise concerns about the importance of good nutrition and healthy eating.The theme of National Nutrition Week 2018 is Go Further With Food.

Explanation: Bhagwati Kumar Sharma, noted Gujarati language author and poet passed away at his residence in Adajan area of Surat at the age of 84 years.

Explanation: Aishwarya Rai Bachchan is all set to add another feather to her already loaded cap. The former Miss World will be bestowed with the inaugural Meryl Streep Award for Excellence at the first Women in Film and Television (WIFT) India Award.

Explanation: State-run telecom firm BSNL roped in Indian boxer MC Mary kom as its brand ambassador for two years.
BSNL will run television commercials, print advertisements and tariff plan endorsement with Kom

Explanation: Saurabh Chaudhary continued his impressive run of form as he clinched a gold medal in the 10m Air Pistol Junior Event at the International Shooting Sport Federation Shooting World Championship in Changwon,South Korea.

Explanation: While reasserting its regional domination, the Indian Navy left its mark in Australia as it participated in a multilateral maritime exercise involving 27 navies.

Explanation: Stepping up space cooperation,India and France inked an agreement to collaborate on Gaganyaan, ISRO’s first human space mission.

Explanation: A book on experiential learning based on Mahatma Gandhi’s “Nai Talim” (basic education) was released by HRD Minister Prakash Javedkar. It contains basic principles of Gandhi’s ‘Nai Talim’, along with the work and education curriculum for schools, D.Ed, B.Ed and faculty development programmes for teachers.

Explanation: India has improved its ranking by one spot from 2016 and now stands 19th in the “Theft Ranking”for countries with weapons usable nuclear materials, according to the Nuclear Security Index. The index was released by the US-based Nuclear Threat Initiative (NTI).Australia, which was at the top in 2012, 2014, and 2016 among the 22 countries with weapons-usable nuclear materials, this time shares the top spot with Switzerland.

Explanation: Terming the 2+2 dialogue between India and the US as a historic dialougue in NewDelhi.External Affairs minister Sushma Swaraj announced the signing of the Communication Compatibility and Security Agreement(COMCASA) between the two nations.

Explanation: The National Green Tribunal(NGT) has constituted a monitoring committee to finalise an action plan to enhance availability of potable groundwater.The committee is constituted to monitor the situation for six months with a view to enhance the availability of groundwater by adopting suitable measures.The monitoring committee will be headed by former Delhi High Court Judge SP Garg.

Explanation: The government decided to make the Pradhan Mantri Jan Dhan Yojana(PMJDY) an open ended scheme,meaning that it will continue indefinitely and added more incentives to encourage people to open bank accounts.To make the scheme more attractive, the government has decided to double the overdraft facility from Rs.5000 to Rs10000.

Explanation: A five-judge bench led by CJI Dipak Misra diluted Section 377 of the Indian Penal Code, to exclude all kinds of adult consensual sexual behaviour. The law will still stand on the statute book to deal with unnatural sexual offences against minors and animals such as sodomy and bestiality.

Explanation: India and France have signed an implementation agreement on “Mobilise your City(MYC)” in the presence of MoS, Ministry of Housing and Urban Affairs (MoHUA) Hardeep Singh Puri and Alexander Ziegler, Ambassador of France in India.

Explanation: India’s ever first Global Mobility Summit-MOVE – was inaugurated by Prime Minister Narendra Modi in NewDelhi. Making Indian cities pollution free is the prime focus of the two-day summit being organised by the NITI Aayog.

Explanation: In order to improve the ease of doing business with Indian Railways, the national transporter has taken a significant step. Piyush Goyal-led Railway Ministry has launched the Aapoorti mobile app of Indian Railways E-Procurement System(IREPS).

Explanation: The Indian ecommerce market would become worth over $100 billion by the year 2022,with a growth of around 25 per cent from the current level, a report said.

Explanation: The Union government doubled the pecuniary limit to Rs.20 lakh for filing loan recovery application in the Debt Recovery Tribunal(DRTs)by banks and financial institutions, to help reduce pendency of such cases

Explanation: India is the partner country in the 87th Izmir International Tradeshow which began in Turkey from 7 September. In this tradeshow India will also be launching a mega business pavilion “Source India”hosting 75 Indian companies with the aim of tie-ups in order to increase India’s exports to Turkey and other neighbouring countries.

Explanation: SBI said that the government has appointed Anshula Kant as the MD of the bank. She is at present the Deputy Managing Director and Chief Financial Officer (CFO) of India’s leading lender SBI. Her name was recommended by the Bank Boards Bureau for the post.

Explanation: American actress Anne Hathaway will be honoured with the Human Rights Campaign(HRC) National Equality Award on September 15.

Explanation: Teenager Hriday Hazarika clinched a gold medal for India in the Men’s 10m Air Rifle Junior event at the ongoing International Shooting Sports Federation (ISSF) World Championship in Changwon,South Korea.

Explanation: Ministry of Tourism sanctioned Malanad Cruise Tourism Project under Swadesh Darshan Scheme for development of a rural circuit in Kerala. Union Tourism Minister KJ Alphons announced that under this project, the ministry will be developing three cruises with a budget of Rs.80.37 crores.

Explanation: Private sector non-life insurer HDFC Ergo has launched a personal cyber insurance policy that will provide cover to individuals and families from cyber crimes, including cyber attacks, identity theft, phishing, and reputational risks such as bullying and trolling.The E@Secure Policy provides cover for between Rs.50,000 to Rs.1 crore.