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Current Affairs Quiz 29th December 2017

image 2017-12-30 12:35:19
Current Affairs Quiz 29th December 2017

Q1. Masala bonds are ____ denominated specialised debt instruments that can be floated in overseas markets only to raise capital.
1. Dollar
2. Rupees
3. Yen
4. Pound
5. Dinar

Q2. Which bank has entered into MoU with POORTI Agri Services Pvt. Ltd to enable the farmers to purchase agricultural inputs provided by POORTI.
1. Allahabad Bank
2. Corporation Bank
3. Bank of Baroda
4. State Bank of India
5. RBL Bank

Q3. Parliament passed a bill to protect slums and unauthorised colonies in __________.
1. Maharashtra
2. West Bengal
3. Uttar Pradesh
4. Delhi
5. Rajasthan

Q4. What is the aim of Atal Innovation Mission?
1. to promote girl eductaion
2. to promote innovation & entrepreneurship
3. to provide houses to poor
4. to promote innovation in automobile sector
5. All of the above

Q5. Which country's hat are given recognition by UNESCO?
1. Panama
2. Colombia
3. Costa Rica
4. Canada
5. None of the above

Q6. Where will the "Indian Science Congress 2018" be held?
1. Moreh
2. Bishnupur
3. Kakching
4. Imphal
5. Jiribam

Q7. What is India's rank in the latest CARE Ratings report?
1. 3
2. 5
3. 9
4. 8
5. 6

Q8. Sebi capped the cross-shareholding in mutual funds to _______ % to avoid “potential conflict of interest” and strengthen the “governance structure” of MFs.
1. 8
2. 9
3. 10
4. 11
5. 12

Q9. Who has won the World rapid chess championship in Riyadh?
1. Magnus Carlsen
2. Viswanathan Anand
3. Paul Morphy
4. Howard Staunton
5. Pierre Saint-Amant

Q10. Name the exchange, which recently launched India’s first mobile application for transacting in virtual currencies.
1. London Stock Exchange
2. Pluto Exchange
3. Taiwan Stock Exchange
4. TMX Group
5. Euronext

Answers:

Answer1: 2. Rupees
SBI has approved of raising Rs 8,000 cr through various sources, including masala bonds, to meet Basel III capital norms. Masala bonds are rupee denominated specialised debt instruments that can be floated in overseas markets only to raise capital. Basel III is an int. regulatory accord that introduced a set of reforms designed to improve regulation & risk management within banking sector.

Answer2: 3. Bank of Baroda
Bank of Baroda has entered into MoU with POORTI Agri Services Pvt. Ltd to enable the farmers to purchase agricultural inputs provided by POORTI. This is a Platform for Online Ordering & Rural Transformation of India known as “POORTI”. Poorti is a company providing multi-party mobile commerce platform for easy ordering of fertilizers, pesticides, seeds by farmers with loans given by banks.

Answer3: 4. Delhi
Parliament passed a bill to protect slums and unauthorised colonies in the national capital region. The National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, gives immunity to slums and some unauthorised constructions till December 31, 2020. The legislation will give cover against punitive action on “as is where is basis” until December 2020.

Answer4: 2. to promote innovation & entrepreneurship
NITI Aayog's Atal Innovation Mission, has selected additional 1500 Schools for the establishment of Atal Tinkering Labs. Atal Innovation Mission is the government's programme to promote innovation & entrepreneurship nationwide in schools, universities & industry. They are innovation play workspaces for students between Grade VI to Grade XII, stimulating innovations combining science & tech.

Answer5: 1. Panama
Cultural authorities at UNESCO have recognized the artisans of Panama for their distinctive woven hats. Panama’s real contribution to the world’s hat heritage is the pintao, or painted hat, handmade from five different plants and a dose of swamp mud. The United Nations Educational, Scientific and Cultural Organization is a specialized agency of the United Nations (UN) based in Paris.

Answer6: 4. Imphal
The 2018 edition of the historic Indian Science Congress will be held at Manipur University, Imphal, in March. The event was scheduled at the Osmania University (OU), Hyderabad, in the first week of January but had to be moved out due to “security problems.” The aim of the Indian Science Congress Association (ISCA) is to advance and promote the cause of science in India.

Answer7: 2. 5
India has the highest level of NPA among BRICS countries and is ranked fifth on a list of countries with the highest levels of NPAs. It is according to a report by CARE Ratings. The countries ranked higher than India are Greece, Italy, Portugal, and Ireland. NPA is defined as a credit facility in respect of which the interest has remained 'past due' for a specified period of time.

Answer8: 3. 10
Sebi capped the cross-shareholding in mutual funds to 10% to avoid “potential conflict of interest” and strengthen the “governance structure” of MFs. Sebi did this to help tackle India’s Rs10 trillion stressed asset problem. A sponsor of a mutual fund or its associates cannot hold more than 10% in any other asset management company or have a board seat.

Answer9: 2. Viswanathan Anand
Viswanathan Anand lifted the World rapid chess championship in Riyadh on Thursday. The genius of Chennai, who defeated Magnus Carlsen of Norway earlier in the tournament, went on to finish on top with 10.5 points at the end of the 15th and final round. Anand won that mini-match against Fedoseev.

Answer10: 2. Pluto Exchange
Cryptocurrency dealer Pluto Exchange announced the launch of India’s first mobile application for transacting in virtual currencies. The Pluto Exchange mobile app offers a solution to the coordination problem between payment processors, financial gateways, and banks. By using a four-digit personal identification number, users can now buy, sell, store and spend bitcoins via a mobile number.