Current Affairs Quiz – 31 January 2019

Current Affairs Quiz 31 January 2019: Based on the Current Affairs and Important News of 31 January 2019 we have framed important current affairs questions for banking and competitive exams. These current affairs quiz questions will be helpful for upcoming competitive exams. Give our online current affairs test everyday to be prepared for any exam. We try to prepare the best and most expected current affairs questions with answers. Attempt our daily current affairs quiz on our mobile app too.

Current Affairs Quiz 31 January 2019

  1. Under the Ombudsman Scheme for Digital Transactions, 2019, what will be the maximum compensation for the loss suffered due to issues in payment system?
    A) Rs 20 lakh

    B) Rs 10 lakh
    C) Rs 5 lakh
    D) Rs 15 lakh
    View answer
    Option A
    Explanation: 
    Maximum compensation under this scheme is Rs 20 lakh. (This is for the actual loss suffered due to issues in payment system). Note: The compensation that one will get is the amount of loss suffered or Rs 20 lakh whichever is lower. 
  2. What is the total amount of agreement signed between Israel Aerospace Industries (IAI) with India to provide Naval Medium Range Surface-to-Air Missile systems?
    A) $97 million 
    B) $93 million 
    C) $90 million 
    D) $95 million 
    View answer
    Option B
    Explanation:
     Israel Aerospace Industries (IAI) has entered into $93 million agreements with India for providing Naval Medium Range Surface-to-Air Missile systems to India.  The contracts were entered with the Indian Navy and the Cochin Shipyard by IAI. 
  3. Who has been appointed as the interim MD & CEO of the Yes Bank?
    A) Naveen Srivastava

    B) Sandeep Goyal
    C) Ajai Kumar
    D) Dharmesh Shah
    View answer
    Option C
    Explanation: 
    Ajai Kumar has been apponited as the interim MD, CEO of Yes Bank, till the time when Ravneet Singh Gill assumes office as full time MD, CEO from March 01, 2019. Ajai Kumar will act as the interim MD and CEO of the bank from February 1, 2019 for one month or till Ravneet Gill assumes office as MD and CEO, whichever is earlier.
  4. When is the World Leprosy Day observed?
    A) Last Sunday of January

    B) January 30
    C) January 27
    D) Last Wednesday of January
    View answer
    Option A
    Explanation: 
    The World Leprosy Day is observed annually on the last Sunday of January globally to increase the public awareness of the Leprosy or Hansen’s Disease. While, World Leprosy Day was observed globally on January 27, 2019 (the last Sunday of January), India marked the day on January 30, 2019 (M K Gandhi’s death anniversary).
  5. The Africa Centre for Climate and Sustainable Development has been newly setup in which city?
    A) Dubai

    B) Rome
    C) Paris
    D) New York
    View answer
    Option B
    Explanation: 
    The Italian government has established the Africa Centre for Climate and Sustainable Development in partnership with the United Nations Development Programme (UNDP) and Food and Agriculture Organisation (FAO) in Rome. 
  6. As per the data of the CSO, what is the revised GDP growth rate of Indian Economy for the fiscal 2017-18?
    A) 7.5%

    B) 7.1%
    C) 7.2%
    D) 7.8%
    View answer
    Option C
    Explanation: 
    Central Statistics Office (CSO) has revised the economic growth rate for India for 2017-18 upwards to 7.2%. 
  7. Who has taken over as the new Flag Officer Commanding-in-Chief of the Western Naval Command?
    A) Vice Admiral Ajit Kumar P

    B) Vice Admiral Girish Luthra
    C) Vice Admiral Karambir Singh
    D) Vice Admiral G Ashok Kumar 
    View answer
    Option A
    Explanation: 
    Vice Admiral Ajit Kumar P, took over as the Flag Officer Commanding-in-Chief of the Western Naval Command on 31 January 2019 at Mumbai. He succeeds Vice Admiral Girish Luthra. 
  8. RBI has recently freed how many banks from the restrictions of prompt corrective action plan (PCA)?
    A) 7

    B) 2
    C) 5
    D) 3
    View answer
    Option D
    Explanation: 
    The Reserve Bank of India (RBI) has removed the restrictions of prompt corrective action plan (PCA) onthree banks namely Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce. Now there are total 8 banks under the PCA framework. 
  9. The common digital currency project ‘Aber’ has been launched by the Central Banks of which countries?
    A) UAE and Syria

    B) Iran and Syria
    C) UAE and Saudi Arabia
    D) Iran and Saudi Arabia
    View answer
    Option C
    Explanation: 
    The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (Sama)have issued a joint statement to launch the common digital currency project ‘Aber’. Aber will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies.
  10. Name the committee which has accused Chandra Kochhar of violating ICICI bank’s code of conduct while dealing with Videocon loan case?
    A) Aruna Sundararajan Committee

    B) B.N. Srikrishna Committee
    C) Ajay Bhushan Pandey Committee
    D) Gopalakrishnan S Committee
    View answer
    Option B
    Explanation: 
    The Justice B.N. Srikrishna Committee that probed allegations against Chanda Kochhar (former MD, CEO of ICICI Bank) in the Videocon loan case, has found that she violated the bank’s code of conduct in dealing with conflict of interest and fiduciary duties in the case of loans to Videocon and had routed a part of the money to a company owned by her husband Deepak. 
  11. Pravin Kumar Purwar has been named as the next Chairman and Managing Director of which company?
    A) BSNL

    B) TCS
    C) HCL
    D) Tata Group
    View answer
    Option A
    Explanation: 
    Pravin Kumar Purwar has been selected for the post of Chairman and Managing Director of Bharat Sanchar Nigam Ltd (BSNL), who will take office from July 1, 2019. 
  12. The Special Purpose Vehicle “INSTEX” has been launched by the European countries for trading with which country?
    A) Israel

    B) Turkey
    C) Syria
    D) Iran
    View answer
    Option D
    Explanation: 
    Germany, France and the UK have setup a transaction channel named INSTEX — short for “Instrument in Support of Trade Exchanges.” that allows non-dollar trade with Iran. This will help the European countries to trade with Iran despite the sanctions imposed on Iran by US. INSTEX is Headquartered in Paris, France and will be headed by German banker Per Fischer, a former director of Commerzbank. 
  13. What will be the maximum compensation for mental agony and harassment under Ombudsman Scheme for Digital Transactions, 2019?
    A) Rs 2 lakh

    B) Rs 1 lakh
    C) Rs 3 lakh
    D) Rs 5 lakh
    View answer
    Option B
    Explanation: 
    Maximum compensation for for mental agony and harassment: Rs 1 lakh.As on date, 21 Ombudsman for Digital Transactions have been appointed. 
  14. Who has been appointed as the new Director General of the National Cadet Corps?
    A) Lt Gen Rajeev Chopra

    B) Lt. Gen. P.P Malhotra
    C) Lt. Gen. MS Pawar
    D) Lt. Gen. Ashok Kumar
    View answer
    Option A
    Explanation: 
    Lt Gen Rajeev Chopra assumed the appointment of Director General of National Cadet Corps (NCC)(DGNCC) in New Delhi on January 31. 
  15. What is the theme of the 2019 World Leprosy Day?
    A) Zero Disabilities in Girls and Boys

    B) Changing Society’s Views About the Disease
    C) Ending Discrimination, Stigma and Prejudice
    D) Leprosy: A Global Crisis
    View answer
    Option C
    Explanation: 
    The theme for 2019 is Ending Discrimination, Stigma and Prejudice. 

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