Current Affairs Quiz – 4 October 2018

Current Affairs Quiz 4 October 2018

Current Affairs forms an important part of all Bank exams. Practice Current Affairs Questions everyday from ByScoop to gain confidence and cover all important questions for upcoming exams. Update yourself with our Daily Current Affairs Quiz 04 October 2018

  1. World Animal Day is observed every year on____________
    A) October 2

    B) September 30
    C) October 4
    D) October 3
    View answer
    Option C
    Explanation: The World Animal Day is observed annually on October 4 since 1929. The day aims to raise the status of animals in order to improve welfare standards around the globe. The event was moved to 4 October for the first time in 1929
    .
  2. Who has been sworn in as the new MD & CEO of ICICI Bank after Chanda Kochhar quit the post?
    A) Girish Chandra Chaturvedi

    B) Anup Bagchi
    C) Radhakrishnan Nair
    D) Sandeep Bakhshi
    View answer
    Option D
    Explanation: Chanda Kochhar has quit as the ICICI Bank’s Chief Executive Officer and Managing Director over allegations of conflict of interest over a loan to Videocon Group that had in turn lent to a company part-owned by her husband.The bank has appointed its Chief Operating Officer Sandeep Bakhshi as the new CEO and MD with immediate effect.
  3. How many Indian companies/individuals have been barred by the World Bank in 2018 from its various global projects for fraudulent and corrupt practices?
    A) 15

    B) 9
    C) 4
    D) 21
    View answer
    Option B
    Explanation: The World Bank has released the World Bank Group Sanctions System Annual Report FY18. As per the report, nine Indian companies and individuals have been barred by the World Bank from its various projects across the globe. A total of 78 firms/individuals are debarred from World Bank in FY18. The report also stated that 40 firms and individuals have been suspended temporarily this year compared to 22 firms/individuals in FY17
    ..
  4. Name the institution which has signed $100 Million Loan Agreement for Sewerage and Drainage Coverage in Kolkata
    A) Asian Infrastructure Investment Bank
    B) New Development Bank
    C) Asian Development Bank
    D) International Monetary Fund
    View answer
    Option C
    Explanation: The Asian Development Bank (ADB) and the Government of India has signed a $100 Million Loan Agreement to expand sewerage and drainage coverage, provide sewage treatment and strengthen capacity of Kolkata Municipal Corporation (KMC) for resilient urban services.This loan is the Third and Final Tranche of $400 Million Multi Tranche Kolkata Environmental Improvement Investment Program approved in 2014.
  5. RBI has permitted 3 state owned oil companies to borrow long term working capital from overseas to meet their respective capital needs. What is the maximum amount that can be raised through this platform?
    A) USD 10 billion

    B) USD 15 billion
    C) USD 20 billion
    D) USD 5 billion
    View answer
    Option A
    Explanation: The Reserve Bank of India (RBI) has allowed state-owned oil companies namely Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd to borrow long term working capital from overseas. These companies will be allowed to raise up to USD 10 billion external debt for working capital needs with a minimum average maturity period of 3 or 5 years under the automatic route.
     
  6. Which Indian state has achieved the award for being the best state in Swachh Survekshan Grameen 2018 ranking?
    A) Himachal Pradesh

    B) Maharashtra
    C) Gujarat
    D) Haryana
    View answer
    Option D
    Explanation: The Ministry of Drinking Water and Sanitation had commissioned “Swachh Survekshan Grameen-2018” (SSG 2018) to develop ranking of all districts of India on the basis of quantitative and qualitative sanitation (Swachhata) parameters. Top 3 states are Haryana, Gujarat and Maharashtra respectively
    .
  7. Recently the founder of GITAM University passed away in an accident. He was former MP of which political party?
    A) Telangana Rashtra Samithi

    B) Telugu Desam Party
    C) YSR Congress Party
    D) Communist Party Of India Marxist
    View answer
    Option B
    Explanation: Well known industrialist, founder of GITAM University, and ex MP of the Telugu Desam Party, MVVS Murthydied in a car accident in the US. He was 78 years
    .
  8. Who has been emerged as the richest Indian as per the ‘Forbes India Rich List 2018’?
    A) Mukesh Ambani

    B) Lakshmi Mittal
    C) Azim Premji
    D) Dilip Shanghvi
    View answer
    Option A
    Explanation: Reliance Industries’ Chairman Mukesh Ambani has emerged as the richest Indian for the 11th consecutive year as per the ‘Forbes India Rich List 2018’. With a net worth of 47.3 billion USD, Ambani is also the year’s biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service
  9. The Minimum Support Price of Wheat has been increased by____________ for 2018-19
    A) 845

    B) 30
    C) 105
    D) 200
    View answer
    Option C
    Explanation: The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all Rabi crops for 2018-19 to be marketed in 2019-20 season.  
  10. Name the Indian district to receive the Swachh Survekshan Grameen Awards 2018 for being the top district as per the ranking
    A) Rewari, Haryana

    B) Nashik, Maharashtra
    C) Chittorgarh, Rajasthan
    D) Satara, Maharashtra
    View answer
    Option D
  11. Justice Surya Kant has been appointed as the Chief Justice of which High Court?
    A) Himachal Pradesh

    B) Gujarat
    C) Punjab
    D) West Bengal
    View answer
    Option A
    Explanation: 
    Justice Surya Kant has been appointed as the Chief Justice of the Himachal Pradesh High Court.

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