Daily Current Affairs Quiz : 20th September 2018

Q1. Markets regulator SEBI approved a slew of proposals, including a revised framework for settlement of cases and new KYC norms for FPI. In FPI what does P stands for_____.

1. Province
2. Provisional
3. Portfolio
4. Providers
5. Profit

Solution:

Markets regulator SEBI approved a slew of proposals, including a revised framework for settlement of cases and new KYC norms for foreign portfolio investors(FPI).

Q2. Bangladesh's Cabinet has approved a draft agreement with India to enable New Delhi to use the ______ and _____ ports for the movement of goods to and from northeast India.

1. Mongla and Sonadia
2. Kutubdia and Mongla
3. Kutubdia and Sonadia
4. Chittagong and Mongla
5. None of the above option is true.

Solution:

Bangladesh's Cabinet has approved a draft agreement with India to enable New Delhi to use the Chittagong and Mongla ports for the movement of goods to and from northeast India.

Q3. The Prime Minister, Narendra Modi inaugurated and laid the Foundation Stone for several important development projects including an AIC at BHU. In AIC what does I stands for____.

1. Incubation
2. Indian
3. International
4. Interstate
5. Intermediate

Solution:

AIC- Atal Incubation Centre

Q4. A Loan Agreement for IBRD Credit of _____ equivalent for the Uttarakhand Workforce Development Project (UKWDP) was signed between India and the World Bank.

1. US$74 billion
2. US$74 million
3. US$84 million
4. US$84 billion
5. US$100 million

Solution:

A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttarakhand Workforce Development Project (UKWDP) was signed between India and the World Bank.

Q5. The Union Home Secretary Rajiv Gauba launched an online portal for grant of Security Clearance. What is the name of the portal?

1. e-Sahaj
2. e-Saral
3. e-Clearance
4. e-Sec
5. Seclean

Solution:

The Union Home Secretary Rajiv Gauba launched an online ‘e-Sahaj’ portal for grant of Security Clearance. The portal will facilitate an applicant to submit application online and to view the status of his application from time to time.

Q6. According to the new guidelines, the farmers will be paid ____ interest by insurance companies for the delay in settlement claims beyond two months of prescribed cut-off date.

1. 5%
2. 8%
3. 2%
4. 12%
5. 10%

Solution:

According to the new guidelines, the farmers will be paid 12% interest by insurance companies for the delay in settlement claims beyond two months of prescribed cut-off date.

Q7. Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina jointly launched the construction of India-Bangladesh Friendship Product Pipeline Project through video conferencing. The estimated project cost will be _____.

1. Rs 346 crore
2. Rs 500 crore
3. Rs 460 crore
4. Rs 146 crore
5. Rs 3046 crore

Solution:

The estimated project cost will be Rs 346 crore and it will be completed in 30-month time.

Q8. The Board of Directors of Vodafone Idea Limited, approved merger of the Vodafone Idea Limited with the Aditya Birla Telecom Limited (ABTL), the parent company of Idea Cellular. The merger was approved under the relevant provisions of ______.

1. Mergers and Acquisitions Act, 2011
2. Companies Act 1956
3. The Companies Act, 2013
4. The Companies Act, 1992
5. Legal Environment of Business Act, 2013

Solution:

The Board of Directors of Vodafone Idea Limited, India's largest telecom operator, approved merger of the Vodafone Idea Limited with the Aditya Birla Telecom Limited (ABTL), the parent company of Idea Cellular. The merger was approved under the relevant provisions of the Companies Act, 2013.

Q9. Which country has rolled out the world’s first hydrogen-powered train?

1. Switzerland
2. United Kingdom
3. The United States of America
4. Iceland
5. Germany

Solution:

Germany has rolled out the world’s first hydrogen-powered train. The two Coradia iLint trains were built by French train-maker firm Alstom.

Q10. Who has been recently conferred with 'Mexican Order of the Aztec Eagle', the highest honour accorded to non-nationals by the Government of Mexico.

1. Dr. Raghupati Singhania
2. Lakshmi Mittal
3. Swraj Paul
4. Ratan Tata
5. Gupta brothers

Solution:

Chairman and MD, JK Tyre & Industries Ltd., Dr. Raghupati Singhania has been conferred with 'Mexican Order of the Aztec Eagle', the highest honour accorded to non-nationals by the Government of Mexico. Melba Pria, Ambassador of Mexico to India presented the award to Dr. Singhania on behalf of the President of Mexico on the eve of 128th National Day of Mexico.