Daily Current Affairs Quiz - 12th May 2018

Q1. US-based retail giant Walmart has confirmed that it will buy 77% stake in India's largest e-commerce startup Flipkart ______________.

(a) 12.0 billion dollars

(b) 16.0 billion dollars

(c) 18.2 billion dollars

(d) 20.8 billion dollars

(e) 21.5 billion dollars

S1. Ans.(b)

Sol. US-based retail giant Walmart has confirmed that it will buy 77% stake in India's largest e-commerce startup Flipkart for $16 billion. Walmart bought the stake in Flipkart for 16 billion dollars.

Q2. Name that country with which India has recently signed 2 agreements on the exemption of Visas for holders of Diplomatic and Official Passports and in the field of Agriculture.

(a) Panama

(b) Guatemala

(c) Vietnam

(d) Peru

(e) Oman

S2. Ans.(a)

Sol. India and Panama have signed 2 agreements on the exemption of Visas for holders of Diplomatic and Official Passports and in the field of Agriculture. These agreements were signed during the second leg of Vice President M Venkaiah Naidu.

Q3. Union Minister of Electronics and Information Technology Ravi Shankar Prasad launched the website of which of the following Scheme in New Delhi under which 25 interns will be inducted for a period of three months?

(a) Make in India Scheme

(b) Navbharat Scheme

(c) Intern Development Scheme

(d) Digital India Internship Scheme

(e) None of the given options is true

S3. Ans.(d)

Sol. Union Minister of Electronics and Information Technology Ravi Shankar Prasad launched the website of Digital India Internship Scheme in New Delhi. Under this scheme, 25 interns will be inducted for a period of three months. These interns will be paid a stipend of 10 thousand rupees per month.

Q4. The 15th Finance Commission has constituted an advisory council to advise and assist the commission. The six-member council will be headed by ___________.

(a) Arvind Panagariya

(b) Arvind Virmani

(c) Amitabh Kant

(d) rajiv Kumar

(e) Rajiv Gauba

S4. Ans.(b)

Sol. The 15th Finance Commission has constituted an advisory council to advise and assist the commission. The six-member council will be headed by the President of Forum for Strategic Initiatives, Arvind Virmani.

Q5. The leaders of which of the following three countries met in Tokyo against the backdrop of historic diplomatic moves by North Korea and a push for the isolated country to give up its nuclear weapons.

(a) Indonesia, Japan and South Korea

(b) China, Japan and Vietnam

(c) Taiwan, Japan and South Korea

(d) China, Japan and South Korea

(e) Mongolia, Japan and Taiwan

S5. Ans.(d)

Sol. The leaders of China, Japan and South Korea met in Tokyo against the backdrop of historic diplomatic moves by North Korea and a push for the isolated country to give up its nuclear weapons.

Q6. The 15th Asia Media Summit (AMS) has begun recently in New Delhi under the theme 'Telling our Stories - Asia and More'. The AMS 2018, an annual summit of the AIBD, Kuala Lumpur. AIBD stands for?

(a) Asia-Pacific Institution for Business Development

(b) Asia-Pacific Institution for Bureaucratic Development

(c) Asia-Pacific Institute for Broadband Development

(d) None of the given options is true

(e) Asia-Pacific Institute for Broadcasting Development

S6. Ans.(e)

Sol. The 15th Asia Media Summit (AMS) has begun in New Delhi. Minister for Information and Broadcasting, Smriti Irani inaugurated the summit. The theme of the Summit is 'Telling our Stories - Asia and More'. Representatives from 40 countries are participating in the Summit. The AMS 2018, an annual summit of the Asia-Pacific Institute for Broadcasting Development (AIBD) Kuala Lumpur, is a prestigious summit in the Asia Pacific Region and India is hosting the event for the first time.

Q7. The 2018 World Robot Conference (WRC) will be held in __________ in August 2018.

(a) Tokyo

(b) Beijing

(c) Hong Kong

(d) New Delhi

(e) Shanghai

S7. Ans.(b)

Sol. The 2018 World Robot Conference (WRC) will be held in Beijing, China in August 2018. The event will see over 12,000 competing teams and 50,000 participants from more than 10 countries and regions.

Q8. According to the IMF's Asia and Pacific Regional Economic Outlook report, India will be the fastest-growing major economy in 2018, with a growth rate of 7.4%. Name the country which is the second fastest-growing economy in South Asia, as per the report?

(a) Sri Lanka

(b) Nepal

(c) Bangladesh

(d) Pakistan

(e) Myanmar

S8. Ans.(c)

Sol. The International Monetary Fund (IMF) reaffirmed that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4% that rises to 7.8% in 2019 with medium-term prospects remaining positive, according to the IMF's Asia and Pacific Regional Economic Outlook report. After India, Bangladesh is projected to be the fastest-growing economy in South Asia with growth rates of 7% for 2018 and 2019.

Q9. Telecom regulator TRAI issued a draft to amend interconnect regulations, proposing certain changes in terms and conditions for operators to seek fresh call connect ports from other telcos. TRAI stands for?

(a) Telecom Regulations and Auctioneer Board of India

(b) Telecom Regulatory Acquired Board of India

(c) Telecom Regulatory Authority of India

(d) None of the given options is true

(e) Telecom Regulatory and Affiliated Board of India

S9. Ans.(c)

Sol. Telecom regulator Telecom Regulatory Authority of India (TRAI) issued a draft to amend interconnect regulations, proposing certain changes in terms and conditions for operators to seek fresh call connect ports from other telcos. The 'draft Telecommunication Interconnection (Amendment) Regulations 2018' proposed that a service provider can ask another operator for additional ports, in case the projected utilization of the capacity is likely to exceed 85% over 60 day period.

Q10. Name the holistic coach and consultant from Mumbai who was felicitated at the recently concluded Annual Women Economic Forum (WEF) 2018 Awards?

(a) Kiran Mazumdar-Shaw

(b) Nisha Bhalla

(c) Vinita Bali

(d) Mallika Srinivasan

(e) Chitra Ramkrishna

S10. Ans.(b)

Sol. Nisha Bhalla, a 46-year-old holistic coach and consultant from Mumbai was felicitated at the recently concluded Annual Women Economic Forum (WEF) 2018 Awards. WEF is the largest global gathering of women entrepreneurs and leaders worldwide.