Current Affairs Quiz | 7th December 2018

Welcome to Current Affairs Today, your source for latest and Best Daily Current Affairs 2018 for preparation of Railways, SSC, Banking, IAS, UPSC, IBPS, CLAT, UPPSC and Other Government job exams.

Q1. Which country has launched the world’s first Sovereign Blue Bond, a financial instrument designed to support sustainable marine and fisheries projects?

(a) Kenya

(b) Botswana

(c) Seychelles

(d) Sri Lanka

(e) India

Q2. What is the cost of India’s first engine-less train?

(a) 125 crore

(b) 50 crore

(c) 100 crore

(d) 200 crore

(e) 500 crore

Q3. What is India’s rank in World Bank’s Ease of Doing Business Index 2019, out of 190 countries in 2018?

(a) 83

(b) 77

(c) 23

(d) 100

(e) 71

Q4. The finance ministry has announced that the sixth tranche of electoral bonds sale has been started. Which bank is the only authorised bank to issue such bonds? 

(a) PNB

(b) ICICI

(c) BOB

(d) HDFC

(e) None of these

Q5. Which of the following section of the RBI Act empowers the Central Government to consult and give instructions to the Governor of the RBI to act on certain issues?

(a) Section 370

(b) Section 1-B

(c) Section 7

(d) Section 9

(e) Section 77

Q6. HDFC Bank had announced that the RBI had approved the re-appointment of Aditya Puri as MD and CEO of the bank. Now, he will be serving the bank till ____.

(a) 2020

(b) 2021

(c) 2022

(d) 2019

(e) 2024

Q7. The National Investment and Infrastructure Fund (NIIF) has acquired ________ an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund.

(a) IL&FS

(b) IDBI-IFL

(c) IDFC-IFL

(d) Bhushan Steel

(e) TCS

Q8. India has signed a $950 million contract with Russia for two upgraded ________________ class stealth frigates.

(a) Krivak III

(b) Sovetskogo Soyuza

(c) Kirov II

(d) Admiral Grigorovich

(e) Admiral Gorshkov

Q9. The Fourth Dialogue of the NITI Aayog – Development Research Centre (DRC) of the State Council, Peoples’ Republic of China was held in _______.

(a) New Delhi

(b) Pune

(c) Kolkata

(d) Mumbai

(e) Chennai

Q10. INS Viraat will be converted into floating museum soon. As per primary estimates, the project worth almost _____ rupees.

(a) 950 crore

(b) 778 crore

(c) 852 crore

(d) 490 crore

(e) 572 crore

Solutions

Ans.1.(c)

Exp. The Republic of Seychelles launched the world’s first Sovereign Blue Bond, a financial instrument designed to support sustainable marine and fisheries projects. The bond raised USD 15 million from international investors. The bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources.

Ans.2.(c)

Exp.The Rs. 100-crore train is the first long-distance train, without a separate locomotive (engine).

Ans.3.(b)

Exp. India jumped 23 positions in the World Bank’s Ease of Doing Business Index 2019 and is now ranked 77 out of 190 countries in 2018, a development that could help the country attract more foreign investments. It was ranked 100 in 2017.

Ans.4.(e)

Exp. State Bank of India (SBI), in the sixth phase of sale, has been authorised to issue and encash electoral bonds through its 29 authorised branches. SBI is the only authorised bank to issue such bonds.

Ans.5.(c)

Exp.The Section 7 of the RBI Act empowers the Central Government to consult and give instructions to the Governor of the RBI to act on certain issues, that the government considers serious and in public interest.

Ans.6.(a)

Exp. HDFC Bank had announced that the RBI had approved the re-appointment of Aditya Puri as MD and CEO of the bank for another two years. Aditya Puri will now serve the office from November 1, 2018 to October 26, 2020.

Ans.7.(c)

Exp. The National Investment and Infrastructure Fund (NIIF) has acquired IDFC Infrastructure Finance (IDFC-IFL), an infrastructure debt fund. This acquisition is the first investment from NIIF’s strategic fund. The acquisition is subject to approval from RBI.

Ans.8.(a)

Exp. India has signed a $950 million contract with Russia for two upgraded Krivak III-class stealth frigates. A government-to-government contract was signed between India and United Shipbuilding Corporation of Russia last week for the supply of two stealth frigates.

Ans.9.(d)

Exp. The Fourth Dialogue of the NITI Aayog – Development Research Centre (DRC) of the State Council, Peoples’ Republic of China was held in Mumbai.

Ans.10.(c)

Exp.The Maharashtra Cabinet has approved the conversion of decommissioned carrier INS Viraat into a floating museum. As per primary estimates, the project worth 852 crore rupees will be implemented through public-private-partnership (PPP).

WhatsApp Group Join here

Mail us at : ambitiousbaba1@gmail.com

Follow our Blog for Regular Updates:- Ambitious Baba

Like & Follow our Facebook Page:- Click here

Join our Facebook Group:- Click Here

Telegram Group:- Click Here

Subscribe our YouTube channel:- Click Here

Follow us on Twitter:- Click Here

Join us on Linked In:- Click Here

“Thanks & Be Ambitious”

All the best for your Exam

Leave a Reply