Current Affairs Quiz 6 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 06 October 2018
- India has been named as the Guest of Honour country in the 2018 Cervantino International Festival. The festival is an annual event taking place in which country?
A) Mexico
B) United States
C) Argentina
D) Canada
View answer
Option A
Explanation: India will be participating as a guest of honour in the 46th edition of the annual Cervantino International Festival held in Mexico.
- According to the UNCTAD, India’s GDP is projected to grow at___________ percent in 2018
A) 7.5%
B) 7.0%
C) 7.7%
D) 6.9%
View answer
Option B
Explanation: The United Nations Conference on Trade and Development (UNCTAD) expects India’s economy to grow 7% in calendar year 2018 compared with 6.2% in 2017.
- RBI has introduced VRR as a new medium of attracting long term investment by FPIs. What does VRR stands for?
A) Variation Respond Route
B) Virtual Reserve Route
C) Voluntary Retention Route
D) Violating Resource Route
View answer
Option C
Explanation: The Reserve Bank of India (RBI) has proposed to introduce a special route, called the ‘Voluntary Retention Route’ (VRR), to enable Foreign Portfolio Investments (FPIs) to invest in debt markets in India. Under the proposed Route, FPIs will have more operational flexibility in terms of instrument choices as well as exemptions from regulatory provisions. In return, FPIs would need to voluntarily commit to retain in India a minimum required percentage of their investments for a period of their choice.
- Who has been sworn in as the new Chief Executive Officer (CEO) of PepsiCo?
A) Daniel Vasella
B) William R Johnson
C) Richard W Fisher
D) Ramon Laguarta
View answer
Option D
Explanation: Ramon Laguarta has assumed the role of Chief Executive Officer of global beverage giant PepsiCo with effect from October 3, 2018. He succeeds India-born Indra Nooyi. However, Nooyi will remain Chairman of the company until early 2019 to ensure a smooth and seamless transition.
- Which among the following has recently received final approval R3 from IRDAI to start operations?
A) Reliance Health Insurance
B) Tata AIG Health Insurance
C) HDFC Health Insurance
D) ICICI Lombard Heath Insurance
View answer
Option A
Explanation: Anil Ambani-led Reliance Health Insurance, a wholly owned subsidiary of Reliance Capital, has received final approval R3 (Certificate of Registration) from the insurance regulator IRDAI to start operations.
- Which state has launched the scheme named Nirman Kusuma to provide financial help to the children of construction workers?
A) West Bangal
B) Odisha
C) Telangana
D) Bihar
View answer
Option B
Explanation: Odisha CM Naveen Patnaik launched the ‘Nirman Kusuma’ scheme to provide financial assistance to children of construction workers in the state for pursuing technical education. Under the scheme the children of the construction workers in the state pursuing their ITI education will now get a sum of Rs 23,600. Rs 26.300 will be given to those who are pursuing diploma education in state-run technical institutions under the scheme.
- Who is the President of World Chess federation (FIDE)?
A) Kirsan Ilyumzhinov
B) Alexander Novak
C) Arkady Dvorkovich
D) Igor Shuvalov
View answer
Option C
Explanation: Arkady Dvorkovich was elected new President of FIDE (World Chess Federation). He is taking over from fellow Russian Kirsan Ilyumzhinov, who was ousted in July.
- Which of the given initiatives of India has inked pact with Russia’s SIRIUS to promote innovative cooperation between students of India and Russia?
A) NITI Aayog: Transforming India’s Development Agenda
B) Atal Innovation Mission (AIM)
C) Make in India
D) National Skill Development Mission
View answer
Option B
Explanation: India’s Atal Innovation Mission (AIM) has exchanged a Memorandum of Understanding with the Russian Federation’s SIRIUS Educational Foundation to promote innovative cooperation between students of India and Russia.
- The Headquarter of UNCTAD is located at_____________
A) Paris, France
B) London, UK
C) New York, US
D) Geneva, Switzerland
- Renowned western classical singer Montserrat Caballe passed away recently. She hailed from which country?
A) Spain
B) Netherlands
C) Singapore
D) United States
View answer
Option A
Explanation: World-renowned Spanish soprano Montserrat Caballe passed away at the age of 85. She was one of the great lyrical voices of the 20th century and the most universal of Spanish opera singers.
