Current Affairs Quiz 29 August 2018
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- O-SMART scheme has been launched by which ministry?
A) Ministry of Human Resource Development
B) Ministry of Electronics and Information Technology
C) Ministry of Earth Sciences
D) Ministry of Skill Development
View answer
Option C
Explanation: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for the umbrella scheme “Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)”, for implementation during the period from 2017-18 to 2019-20. The overall cost of the project is Rs.1623 crore. The scheme encompasses a total of 16 sub-projects.
- According to the annual report of RBI for 2017-18, __________percent of demonetized bank note of Rs 500 and Rs 1,000 have been returned to the banking system.
A) 99.3%
B) 87.2%
C) 90.9%
D) 89.6%
View answer
Option A
Explanation: The Reserve Bank of India (RBI) in its annual report for the year 2017-18 stated that 99.3 per cent of the demonetized Rs 500 and Rs 1,000 notes have returned to the banking system. According to the report, the total value of Specified Bank Notes (SBNs) in circulation as on November 08, 2016, post verification and reconciliation, was Rs 15,417.93 lakh crore, out of which currency worth Rs 15,310.73 lakh crore was returned.
- All the Indian post offices in India would be linked to India Post Payments Bank (IPPB) system by___________
A) November 1, 2018
B) October 31, 2018
C) September 1, 2018
D) December 31, 2018
View answer
Option D
Explanation: All the 1.55 lakh post offices in the country would be linked to the India Post Payments Bank (IPPB) system by December 31, 2018. The India Post Payments Bank is scheduled to be launched nation-wide on September 1. The Union cabinet has approved for revision of the project outlay for setting up of the payments bank from Rs 800 crore to Rs 1,435 crore.
- NMCG has approved projects for cleaning River and its banks under Namami Gange programme in how many states during its 5th Executive Committee meeting in New Delhi?
A) 6
B) 7
C) 4
D) 5
View answer
Option C
Explanation: The National Mission for Clean Ganga (NMCG) has approved projects worth nearly Rs 150 crores (149.83 crores) for cleaning rivers and its banks under the Namami Gange programme in Uttarakhand, Uttar Pradesh, Bihar and West Bengal during its 5th Executive Committee meeting held in New Delhi.
- The 1st SAARC Agri Cooperative Business Forum was held in which city?
A) New Delhi
B) Kathmandu
C) Thimphu
D) Dhaka
View answer
Option B
Explanation: The First South Asian Association for Regional Cooperation (SAARC) Agri Cooperative Business Forum began in Kathmandu on August 28. The theme of the Forum is the ‘Organizing and Strengthening Family Farmers’ Cooperatives to attain the Sustainable-Development-Goals-1 and 2 in South Asia’.
- Who is the head of the 21 member advisory committee ‘PM-STIAC’ on science, technology and innovation set up the Government?
A) K Vijay Raghavan
B) Satyajit Mayor
C) Maharaj Kishan Bhan
D) Raghavendra Gadagkar
View answer
Option A
Explanation: The central government constituted a new 21-member advisory panel on science, technology and innovation named PM-STIAC under the chairmanship of Principal Scientific Advisor, K Vijay Raghavan. It will also co-ordinate the implementation of programmes through various bodies. The council will advise the PM on science, technology, as well as innovation, but also coordinate the implementation of the PMs vision.
- When is the National Sports Day observed?
A) August 26
B) August 27
C) August 28
D) August 29
View answer
Option D
Explanation: The National Sports Day is celebrated annually in India on 29 August to mark the birth anniversary of Indian hockey legend Major Dhyan Chand.
- Which company has been included in the benchmark Nifty 50 index to replace pharma company Lupin w.e.f September 28, 2018?
A) Vedanta Ltd.
B) JSW Steel
C) Hero MotoCorp Ltd.
D) Reliance Industries Ltd.
View answer
Option B
Explanation: Stock exchange services provider NSE Indices included JSW Steel in its benchmark Nifty 50 index after the exclusion of pharma firm Lupin. JSW Steel will replace pharma firm Lupin in the benchmark Nifty, with effect from September 28, 2018.
- Which Ministry has launched the Smart India Hackathon 2019?
A) Ministry of Human Resource Development
B) Ministry of Electronics and Information Technology
C) Ministry of Skill Development and Entrepreneurship
D) Ministry of Information and Broadcasting
View answer
Option A
Explanation: The third edition of World’s Biggest Open Innovation Model – Smart India Hackathon 2019 was launched by the Union Minister for Human Resource Development, Shri Prakash Javadekar in New Delhi.
- The Union cabinet has approved an additional _____ percent DA for Central Government employees and DR to pensioners w.e.f July 1, 2018.
A) 1%
B) 1.5%
C) 2%
D) 2.5%
View answer
Option C
Explanation: Cabinet has approved additional 2 percent Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1st July, 2018 over the existing rate of 7% of the Basic Pay/Pension, to compensate for price rise.
