Current Affairs Quiz – 31 March 2019

Current Affairs Quiz 31 March 2019: Based on the Current Affairs and Important News of 31 March 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 every day to be prepared for all exams. 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.

1. The new accounting standard Ind AS 116, announced by the Government of India will be effective from _________
   A) December 1
   B) July 1
   C) April 1
   D) October 1
   
   View answer

   Option C
   Explanation: The Government of India has notified a new accounting standard Ind AS 116 which aims to bring in more transparency in recognition and disclosures about leases in companies’ balance sheets. Ind AS 116 will be effective from April 01, 2019 and it sets out the principles for recognition, presentation and the disclosure of leases.
2. With the amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda, the number of branches of the new entity will be over _________
   A) 9500
   B) 8500
   C) 7500
   D) 6500
   
   View answer

   Option A
   
3. Kidambi Srikanth lost to which player in the finals of 2019 India Open Badminton Tournament?
   A) Shi Yuqi
   B) Parupalli Kashyap
   C) Huang Yuxiang
   D) Viktor Axelsen
   
   View answer

   Option D
   Explanation: The former World Number 1, Kidambi Srikanth lost in straight games to former world champion Viktor Axelsen of Denmark at the Yonex-Sunrise India Open badminton tournament 2019 in New Delhi on March 31, 2019. 
4. Name the Indian shipyard to become the first such entity in India to develop and deliver 100 warships?
   A) Mazagon Dock Limited, Mumbai
   B) Garden Reach Shipbuilders & Engineers Limited, Kolkata
   C) Hindustan Shipyard Limited, Visakhapatnam
   D) Goa Shipyard Limited
   
   View answer

   Option B
   Explanation: Kolkata based Garden Reach Shipbuilders & Engineers Limited (GRSE) has become the first Indian Shipyard to make and deliver 100 warships to the Indian Navy, Indian Coast Guard and Mauritius Coast Guard. GRSE formally delivered its 100th Warship, a Landing Craft Utility (LCU), L-56, to the Indian Navy on March 30, 2019. 
5. Vijay Chandok has been named to be the next MD and CEO of which of the following entities?
   A) ICICI Securities
   B) Kotak Securities
   C) Reliance Capital
   D) CRISIL
   
   View answer

   Option A
   Explanation: ICICI Securities has appointed Vijay Chandok as its MD and CEO with effect from May 07, 2019. Presently Vijay Chandok is the Executive Director of ICICI Bank. 
6. Name the first ever female politician of Slovakia to be elected as the President of the country?
   A) Bohumila Tauchmannova
   B) Martina Lubyova
   C) Zuzana Caputova
   D) Denisa Sakova
   
   View answer

   Option C
   Explanation: Slovak politician and anti-corruption activist , Zuzana Caputova, has won Slovakia’s presidential election and is set to become the country’s first female head of state. Caputova got over 58 percent of the ballot after results from 91 percent of polling stations were counted.
7. The combined business after amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda will be Rs _______
   A) Rs 25 lakh crore
   B) Rs 10 lakh crore
   C) Rs 20 lakh crore
   D) Rs 15 lakh crore
   
   View answer

   Option D
   Explanation: After the amalgamation, the bank will have a business mix of Rs 15 lakh crore of balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively. 
8. The newly notified Ind AS 116 will be equivalent to IFRS 116. What does IFRS stands for?
   A) Independent Financial Refinance Securities
   B) International Financial Reporting Standards
   C) Interbank Financial Remittance Scheme
   D) Immediate Financial Receipt System
   
   View answer

   Option B
   Explanation: Ind AS 116 is the equivalent of IFRS (International Financial Reporting Standards) 116. 
9. What is the capital of Slovakia?
   A) Bratislava
   B) Ljubljana
   C) Prague
   D) Vilnius
   
   View answer

   Option A
   Explanation: Currency – Euro
10. The shareholders of Vijaya Bank will get ________equity shares of BoB for every 1,000 shares held
    A) 110
    B) 205
    C) 402
    D) 306
    
    View answer

    Option C
    Explanation: According to the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held, while the shareholders of Dena Bank will get 110 shares of BoB for every 1,000 shares held.

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Tags: March 2019; Questions based on daily Current Affairs; Current Affairs Multiple Choice Quiz; Current Affairs Questions and Answers