Current Affairs Quiz – 6 December 2018

Current Affairs Quiz 6 December 2018

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  1. What is the estimated growth rate of India’s economy for 2018-19 as per the latest prediction by rating agency Fitch?
    A) 7.2%

    B) 7.5%
    C) 7.8%
    D) 7.0%
    View answer
    Option A
    Explanation: 
    Fitch Ratings has cut India growth forecast for the financial year 2018-19 to 7.2 percent from 7.8 percent In its latest Global Economic Outlook, due to higher financing costs and reduced credit availability. 2019-20: 7.1% and 2020-21: 7.0%
  2. The Startup India Venture Capital Summit 2018 is organised in which state?
    A) Madhya Pradesh

    B) Andhra Pradesh
    C) Goa
    D) Haryana
    View answer
    Option C
    Explanation: 
    The annual Startup India Venture Capital Summit will be organised in Goa on December 07, 2018. It is being hosted by the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry and the Government of Goa. The theme of the Summit is ‘Mobilizing Global Capital for Innovation in India.’
  3. Asian Development Bank (ADB) has signed its first APA with the World Bank to make co-financed projects more efficient. What is APA?
    A) Automatic Panel Alignment

    B) Alternative Procurement Arrangement 
    C) Advance pricing Agreement
    D) Administrative Procedure Acct
    View answer
    Option B
    Explanation: 
    The Asian Development Bank (ADB) has signed its first Alternative Procurement Arrangement (APA) with the World Bank, to put in place a single framework that will make co-financed projects more efficient.
  4. Who has been named as the President-elect of Switzerland to take charge in 2019?
    A) Alain Berset

    B) Ignazio Cassis
    C) Doris Leuthard
    D) Ueli Maurer
    View answer
    Option D
    Explanation:
     Switzerland’s parliament has elected Ueli Maurer (the current Finance Minister of the country) as its next President for 2019. It was his turn among the seven members of the Swiss government to take on the rotating one-year presidency
  5. Which state has launched the RUCO App to collect used cooking oil for transforming into bio-fuel?
    A) Maharashtra

    B) Haryana
    C) Gujarat
    D) Assam
    View answer
    Option C
    Explanation: 
    Gujarat Chief Minister Vijay Rupani  launched a mobile application named ‘RUCO’ (repurpose used cooking oil) for collection of used cooking oil from restaurants and food processing units and convert it into bio-fuel. It is a joint initiative of the Biodiesel Association of India(BDAI) and the Food Safety and Standards Authority of India (FSSAI).
  6. The Reserve Bank of India has recently prescribed the minimum level of ‘loan component’ of __________ % for working capital limit of Rs 150 crore and above
    A) 40%
    B) 30%
    C) 50%
    D) 60%
    View answer
    Option A
    Explanation: 
    The Reserve Bank of India in its guidelines has issued that in respect of borrowers having aggregate fund based working capital limit of Rs 150 crore and above, a minimum level of ‘loan component’ of 40 per cent will be effective from April 1, 2019. 
  7. The Regional Level Marine Oil Pollution Response Exercise titled ‘Clean Sea – 2018’ was held by the Indian Coast Guard in __________?
    A) Kavaratti

    B) Port Blair
    C) Pondicherry
    D) Visakhapatnam
    View answer
    Option B
    Explanation: 
    The Indian Coast Guard has conducted the Regional Level Marine Oil Pollution Response Exercise titled ‘Clean Sea – 2018’ at sea off Port Blair, Andaman and Nicobar Islands on December 6, 2018.
  8. Name the winner of the Sahitya Academy Award in Hindi for the year 2018
    A) Rama Kant Shukla

    B) Rahman Abbas
    C) Rajesh Kumar Vyas
    D) Chitra Mughal
    View answer
    Option D
    Explanation:
    for the novel Post Box No-203 – Naala Sopara
  9. The IPL team Delhi Daredevils has been recently renamed as____________
    A) Delhi Capitals

    B) Delhi Achievers
    C) Adventurer Delhi
    D) Dynamic Delhi
    View answer
    Option A
  10. With which country, India has recently signed an MoU for co-operation and mutual assistance in Customs Matters?
    A) Poland

    B) Rwanda
    C) Peru
    D) Singapore
    View answer
    Option C

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