Weekly CA Quiz: September 2018 4th week with PDF

Explanation: Prime Minister Narendra Modi inaugurated the Pakyong Airport near Gangtok in Sikkim on September 24, nine years after the foundation stone was laid. The state’s first airport is situated at an altitude of 4,500 feet above sea level.

Explanation: Andhra Pradesh,Odisha and Madhya Pradesh were awarded the best performing states in terms of “Ease of Living Index” under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) at the National Dissemination Workshop on Ease of Living Index, 2018, in New Delhi.

Explanation: On the sidelines of the 73rd session of the United Nations General Assembly(UNGA) in NewYork,India will co-host a meeting with the United States and other selected countries over the issue of how to combat the drug menace . External Affairs Minister Sushma Swaraj and United States President Donald Trump will be a part of the meeting.

Explanation: RBI told banks to share a maximum 80% credit risk when they originate priority sector loans jointly with non-banking finance companies. The regulator also said the lenders will charge a single interest rate to borrowers.

Explanation: The Asian Development Bank will undertake an exhaustive study in Uttar Pradesh to add value to mango growing, guava, potato and pulse farming, and submit a report to the state government.

Explanation: Ibrahim Mohammed Solih won the Maldives presidential election, a surprise defeat for President Abdulla Yameen. Results released by the Elections Commission showed Solih had secured 58.3 percent of the popular vote.

Explanation: Former BCCI President Biswanath Dutt, best known in Indian cricket fraternity as Jagmohan Dalmiya’s mentor, passed away. He was 92.

Explanation: Renowned hindi commentator Jasdev Singh passed away after prolonged illness. Jasdev was a rare commentator who excelled in commentating on every sport but hockey was close to his heart.

Explanation: Former Union Minister and Congress leader Shantaram Potdukhe has passed away. Potdukhe was a Union minister of state for finance in the Narasimha Rao-led government.

Explanation: The foreign direct investment(FDI) in the telecom sector rose to USD 6.2 billion in the last fiscal, a near five-fold increase from USD 1.3 billion in 2015-16, Union Telecom Minister Manoj Sinha said.

Explanation: Flipkart has acquired an Israel based analytics start-up called Upstream Commerce,as India’s largest online retailer looks to help its massive seller base with services such as real-time pricing and product assortment information.

Explanation: A statue of Nelson Mandela was unveiled at the UN HQ to honour the South African President’s 100th birth anniversary.

Explanation: World Bank (WB) team estimated that Kerala would require around Rs.25,050 crore for reconstruction of the flood-ravaged economy and infrastructure.

Explanation: State-run Indian Oil Corporation said that a high-level committee of experts has been set up to draw a roadmap for settlement of land acquisition issues facing the proposed $44 billion Ratnagiri refinery project in Maharashtra.The panel will be headed by former Maharashtra Chief Secretary DM Sukthankar.

Explanation: Environment Minister Dr Harsh Vardhan inaugurated air pollution control device Wind Augmentation Purifying Unit,WAYU, at ITO in New Delhi.

Explanation: Union Road and Transport Minister Nitin Gadkari in Shillong announced that the government will spend Rs 1.5 lakh crore for improving national highways in the northeastern states of the country.

Explanation: The Supreme Court constituted a three-member committee, headed by its former judge Justice Amitava Roy, to look into jail reforms across the country and suggest measures to deal with them.

Explanation: Vice President M Venkaiah Naidu inaugurated a Rs 100 crore Indian Culinary Institute built by the Ministry of Tourism, close to Renigunta Airport,15 km from Tirupati.

Explanation: The Union Cabinet approved the proposal to convert Goods and Services Network(GSTN) into a government-owned company. The government will now own 100 per cent of the IT backbone to the new indirect tax regime.

Explanation: To encourage practice of ayurveda, India has set up an Ayush information cell at its embassy premises in Romania to create awareness about the traditional Indian system of medicine.

Explanation: Uttar Pradesh Governor Ram Naik and Chief Minister Yogi Adityanath unveiled a statue of BJP ideologue Pandit Deendayal Upadhyaya on the Agra University campus.

Explanation: India ranks 158th in the world for its investments in education and healthcare, a survey of 195 countries has revealed.Finland tops the list of 195 countries in the two key sectors.

Explanation: Astra, the indigenously developed Beyond Visual Range Air to Air Missile(BVRAAM) was successfully test-fired by the Indian Air Force from Su-30 Aircraft from Air Force Station,Kalaikunda.

Explanation: A statue of Nelson Mandela has been unveiled at the United Nations to honour the late South African leader’s birth.This year marks the 100th anniversary of Mandela’s birth, and the UN is declaring 2019-2028 the Nelson Mandela Decade of Peace.

Explanation: India has become the first and only SAARC country to have a quitline number on tobacco products. The Union Health Ministry has already made 85 percent pictorial health warning mandatory on both sides of packets containing cigarettes, bidis, and chewing tobacco. The quit-line number will be printed on all tobacco products manufactured after September 1, 2018.

Explanation: ADB announced that it will maintain its growth forecast for this year in Asia at 6 percent but warned of the fallout of the ongoing trade tensions between China and the US for the region.

Explanation: India is approaching towards USD 100 billion FDI inflow per annum by 2022 as volumes of foreign direct investment are increasing year after year.

Explanation: The Union Cabinet approved a new telecom policy,National Digital Communications Policy 2018, designed to provide “Broadband to all”, Union Communications Minister Manoj Sinha announced. Further, the policy aims at providing 1 Gbps (gigabits per second) connectivity to all ‘Gram Panchayats’ by 2020 and 10 Gbps by 2022.

Explanation: Odisha government has decided to adopt the “No work No Pay” policy with regard to the strike by the block grant teachers and lecturers.

Explanation: The Modi government constituted an 8-member search committee, to be headed by former Supreme Court judge Justice Ranjana Prakash Desai, to recommend the chairperson and members of the anti-corruption ombudsman Lokpal.

Explanation: Thiruvananthapuram is all set to play host to the 8th Asian Yoga Sports Championship which will be held at the Jimmy George Indoor Stadium from September 27 to 30.

Explanation: India is expected to grow at a healthy 7.3 percent in 2018, helped by improved domestic demand and a steady revival in industrial growth, the ADB said in a new report.

Explanation: Department of Financial Services(DFS),Ministry of Finance and National Informatics Centre have jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative.

Explanation: Global Internet of Things (IoT) cellular connections will cross 5 billion mark by 2025 and China will continue to lead by contributing almost two-thirds of such connections.

Explanation: The RBI will ease the Statutory Liquidity Ratio(SLR) norms from October to induce liquidity into the financial system, amid concerns of a credit crunch.

Explanation: India will host the Deaf ICC T20 World Cup slated to begin from November 23-30 in Gurugram.

Explanation: Prime Minister Narendra Modi was awarded the United Nations Champions OF the Earth for the year 2018.

Explanation: World Tourism Day is celebrated worldwide annually on Sep 27 started by The United Nations World Tourism Organization (UNWTO) in 1980.The theme of this year is ‘Tourism and the Digital Transformation”.

Explanation: Badminton player and Olympian PV Sindhu is the only sportsperson featuring in the Forbes India’s maiden “tycoons of tomorrow” list of 22 young achievers in the fields of business, acting and sports.

Explanation: The city is all decked up to host a three-day international conference, “Smart City Expo India 2018” at Jaipur Exhibition & Convention Centre (JECC) in Sitapura.

Explanation: Minister for Commerce and Industry, Suresh Prabhu, approved constitution of a High Level Advisory Group to make recommendations in identifying opportunities and addressing challenges in the contemporary global trade scenario.The HLAG will be headed by Surajit S Bhalla, Director of Oxus Research and Investments.

Explanation: Economic affairs secretary SC Garg announced reduction in gross borrowing estimate for the current fiscal by Rs 70,000crore and maintained that the government will contain fiscal deficit target at 3.3 percent.

Explanation: The centre announced to enhance its contribution to the State Disaster Response Fund(SDRF) from 75 per cent to 90 percent with effect from April 1 this year.

Explanation: Ministry of New and Renewable Energy is organising the First Assembly of International Solar Alliance (ISA); the 2nd Indian Ocean Rim Association(IORA) Renewable Energy Ministerial Meeting and the 2nd Global Renewable Energy Investment Meeting and Expo from 2nd to 5th October 2018 in New Delhi.

Explanation: The government has set up a 12-member panel to review the enforcement of CSR provisions under the companies law as well as look at having a centralised scrutiny and prosecution mechanism to deal with violations.The 12-member panel is headed by Regional Director Manmohan Juneja.

Explanation: In a first-of-its-scale heritage mapping and digitisation project, Google and Ministry of Railways launched a project that aims to preserve the cultural heritage of the Indian Railways.

Explanation: The Assam Government will launch the Universal Pension scheme in the state on the 2nd October, the birth anniversary of the father of the nation Mahatma Gandhi.

Explanation: In Nepal, the famous Indra Jatra Festival is being celebrated in Kathmandu with gaiety and religious fervor.

Explanation: India’s rank improved by a couple of notches, but it was still placed 96th among 162 countries in this year’s report on Economic Freedom in the World.

Explanation: China will hold the 5th World Internet Conference in its river town of Wuzhen in November.

Explanation: ADB will provide a USD 500 million loan to build climate resilient infrastructure in several cities of Tamil Nadu.

Explanation: The BCCI’s All-India Women Selection Committee announced the squad for the upcoming Women’s World T20 tournament 2018. The committee picked Harmanpreet Kaur as the captain of the side, while Smriti Mandhana was selected as the vice captain.

Explanation: Railways athlete Sharmila Kumari produced the first upset in the 58th National Open Athletics Championship by pipping national record holder Annu Rani to the gold medal in the women’s javelin thow.

Explanation: Tribes India and TRIFED under the Ministry of Tribal Affairs launched “Punched Tantra Collection” and “Ms.Mary Kom as brand ambassador of Tribes India.

Explanation: The Maharashtra Governement prestigious “Lata Mangeshkar Award 2018” will be conferred on Vijay Patil of the music director duo Raam-Laxman.

Explanation: Every year the International Maritime Organization (IMO) celebrates World Maritime Day on Sep 27.The year 2018 marks 70 years of the IMO, and the theme for the Day is “IMO 70:Our Heritage –Better Shipping for a better future”.

Explanation: World Rabies Day is celebrated every year on 28 September to raise awareness about rabies prevention.The theme for World Rabies Day 2018 is “Share the message,save a life”.

Explanation: World Heart Day is celebrated every year September 29, Organised by the World Heart Federation.”Your Heart,my heart” is this year’s theme.

Explanation: Eminent Marathi litterateur and translator Kavita Mahajan winner of a 2011 Sahitya Akademi translation award, passed away in Pune.

Explanation: Senior diplomat Vikram Misri has been appointed as India’s next ambassador to China, the Ministry of External Affairs (MEA) announced. He will replace Gautam Bambawale.

Explanation: India clinched the Asia Cup 2018 title by beating Bangladesh by three wickets in a last-ball thriller at the Dubai International Stadium in Dubai.

Explanation: ADB will provide USD 150 million loan for establishing the first multi skills park in central Indian state of Madhya Pradesh.

Explanation: Typhoon Trami hit Japan’s southern island of Okinawa with a maximum speed of 216 kilometres per hour.

Explanation: The Ministry of Housing and Urban affairs, under the aegis of Swachh Bharat Mission, has partnered with Google to launch the Loo Review Campaign to encourage all local guides in India to rate and review public toilets on Google Maps.

Explanation: In Madhya Pradesh, the first corn festival of the country is being held in Chhindwara.

Explanation: The Kolkata Municipal Corporation, with the support of the Asian Development Bank launched the country’s first flood forecasting and early warning system.

Explanation: Jharkhand Chief Minister Raghubar das said their government is constructing India’s biggest war memorial.

Explanation: The government has formed a Competition Law Revire Committee to ensure that the legislation is in tune with the changing business environment. The Committee will be headed by Injeti Srinivas, Secretary of the Union Ministry of Corporate Affairs.

Explanation: The Madhya Pradesh government announced the creation of a new district “Niwari”. The new district would include three tehsils of the present Tikamgarh district – Niwari, Orchha and Prithvipur. The government’s decision will come into effect from October 1.

Explanation: The WHO released SAFER a new initiative and technical package outlining five high-impact strategies that can help governments reduce the harmful use of alcohol and related health, social and economic consequences.

Explanation: Formula One defending champion Lewis Hamilton of Britain (Mercedes) won the Russian Grand Prix after Mercedes’ other driver Valtteri Bottas of Finland at the Sochi Autodrom circuit in Sochi, Russia.

Explanation: International Translation Day is celebrated every year on 30 September on the feast of St. Jerome, the Bible translator who is considered the patron saint of translators. The theme of International Translation Day 2018 is “Translation :Promoting Cultural Heritage in Changing Times”.

Explanation: Veteran politician Manoharsinh Jadeja who had served as finance minister in the erstwhile Congress government in Gujarat has passed away. He was 83.

Explanation: India’s Yuvraj Wadhwani defeated Anas Ali Shah of Pakistan in the final to win the boys under 13 title in the 25th Asian Junior Individual Squash Championship in Chennai.