Current Affairs Quiz 19 December 2018
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- Which bank has recently merged with finance company Capital First?
A) Yes Bank
B) RBL Bank
C) IDFC Bank
D) DCB Bank
View answer
Option C
Explanation: IDFC Bank and Capital First have announced the completion of merger on December 18, 2018 after receiving all requisite shareholder and regulatory approvals. The merged entity will be called IDFC First Bank after receiving the shareholders’ approval.
- As per the new norms under Employees’ Provident Fund (EPF), a jobless subscriber would now be entitled to withdraw ___________ percent of his deposit in EPF?
A) 75%
B) 80%
C) 85%
D) 100%
View answer
Option A
Explanation: The Ministry of Labour and Employment has notified that a jobless Employees’ Provident Fund (EPF) subscriber who has not crossed the retirement age of 60 years will now be able to withdraw only up to 75 per cent of the accumulated EPF deposits as against the earlier 100 per cent.
- Based on the recently unveiled document “Strategy for New India @75” by NITI Aayog, India will be USD 5 trillion economy by which year?
A) 2025
B) 2020
C) 2030
D) 2040
View answer
Option C
Explanation: The NITI Aayog has unveiled the Strategy for New India @75’ which defines clear objectives for 2022-23. The focus of the document is to improve the policy environment in which private investors and other stakeholders can contribute towards achieving the goals set out for New India 2022 and propel India towards a USD 5 trillion economy by 2030.
- Name the latest geostationary communication satellite launched by ISRO on board GSLV launch vehicle and especially designed for the Indian Air force to enhance its global operation.
A) GSAT-7B
B) GSAT- 7A
C) GSAT-6A
D) GSAT-8A
View answer
Option B
Explanation: The Indian Space Research Organisation (ISRO) successfully launched India’s geostationary communication satellite GSAT-7A onboard Geosynchronous Satellite Launch Vehicle GSLV-F11 on December 19, 2018 from Satish Dhawan Space Centre in Sriharikota. The GSLV – F11 is ISRO’s fourth generation launch vehicle and this was the 13th flight of the GSLV launch system.
- Which state has launched the mobile App “Shiksha Setu”?
A) Haryana
B) Madhya Pradesh
C) Gujarat
D) Maharashtra
View answer
Option A
Explanation: The Haryana government has launched a mobile application ‘Shiksha Setu’ to provide students information on attendance, fee, online admission and scholarships of all government colleges of the state. The app will provide instant updates of important notices, circulars and other programmes to students and teachers, while allowing the former to pay their fee online.
- Name the Prime Minister of Belgium who announced his resignation amid protest by opposition for his support to Global Compact for Migration
A) Charles Rogier
B) Paul-Emile Janson
C) Guy Verhofstadt
D) Charles Michel
View answer
Option D
Explanation: Charles Michel, the Prime Minister of Belgium, has stepped down as leader of his country’s government over his support for the UN global compact on migration. The country was facing a political crisis over whether to sign the Global Compact for Migration.
- Minorities Rights Day is observed annually on____________
A) December 17
B) December 18
C) December 16
D) December 15
View answer
Option B
Explanation: When: The Minorities Rights Day is observed in India every year on December 18 since 1992.
- Who has been appointed as the MD&CEO of IDFC Capital Bank?
A) Kishore Biyani
B) Malvinder Mohan Singh
C) V Vaidyanathan
D) Venugopal Dhoot
View answer
Option C
Explanation: After the merger, V Vaidyanathan has been appointed as the Managing Director and Chief Executive Officer IDFC First Bank. He is the Founder and Chairman of Capital First. Rajiv Lall, Founder MD and CEO of IDFC Bank has been appointed as Part-Time Non-Executive Chairman of IDFC First Bank.
- NITI Aayog’s “Strategy for New India @75” aims to achieve an average economic growth rate of ___________ percent of India’s GDP during 2018-23
A) 10%
B) 7%
C) 9%
D) 8%
View answer
Option D
Explanation: Steadily accelerate the economy to achieve a GDP growth rate of about 8% on average during 2018-23.
- According to the new rule of the Employees’ Provident Fund (EPF), a subscriber who is jobless for a period of _________ will be allowed to withdraw the deposit made under EPF Fund
A) 1 month
B) 2 months
C) 3 months
D) 6 months
View answer
Option A
Explanation: A subscriber without a job for a month will be eligible to withdraw the deposits. Earlier, pre-retirement withdrawal of EPF funds required the subscriber to be without job for a continuous period of two months.
