Current Affairs Quiz – 03 July 2018

Current Affairs Quiz 03 July 2018

Current Affairs forms an important part of all Bank exams. Practise 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. 03 July 2018

  1. The Securities and Exchange Board of India has raised the investment limit of Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) to USD _____ million from the current USD 500 million.
    A) USD 550 million

    B) USD 600 million
    C) USD 750 million
    D) USD 700 million
    View answer
      Option C
    Explanation: Markets regulator SEBI has increased the overseas investment limit of alternative investment funds (AIFs) and venture capital funds(VCFs) to USD 750 million from the current USD 500 million. In order to monitor the utilisation of overseas investment limits, Sebi has asked AIFs and VCFs to mandatorily disclose the utilisation of the such limits within 5 working days of such usage on the regulator’s intermediary portal. 
  2. Name the winner of the 2018 Austrian Grand Prix
    A) Sebastian Vettel

    B) Max Verstappen
    C) Valtteri Bottas
    D) Lewis Hamilton
    View answer
      Option B
    Explanation: Red Bull’s Max Verstappen won the Austrian GP after Mercedes suffered a day of double disaster following car failures for Lewis Hamilton and Valtteri Bottas. 
  3. India’s first ever Global Mobility Summit “MOVE” is scheduled to be held in which city in September 2018 by NITI Aayog?
    A) New Delhi

    B) Hyderabad
    C) Guwahati
    D) Bengaluru
    View answer
    Option A
    Explanation: Niti Aayog will organise ‘MOVE: Global Mobility Summit’ on September 7-8 in New Delhi. It will be inaugurated by PM Narendra Modi. The six tracks or themes for the Summit will focus on:  Asset Utilization and Services; Comprehensive Electrification ; Alternative Energy; Reinventing Public Transit;  Logistics and Goods Transport; Data Analytics and Mobility.
  4. The Fifth Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting was held in which city?
    A) New Delhi

    B) Jakarta
    C) Beijing
    D) Tokyo
    View answer
    Option D
    Explanation: The Fifth Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting was held in Tokyo, Japan.
  5. The 19th World Congress of Food Science and Technology will be held in which Indian city?
    A) New Delhi

    B) Mumbai
    C) Pune
    D) Hyderabad
    View answer
    Option B
    Explanation: 19th World Congress of Food Science and Technology (19th IUFoST World Congress) will be held in Mumbai, India from October 23-27, 2018. The event is organised by International Union of Food Science and Technology (IUFoST) in association with Indian National Science Academy (INSA). Theme: “25 Billion Meals a Day by 2025 with Healthy, Nutritious, Safe and Diverse Foods”.
  6. The 2018 Jakarta Asian Games will feature how many Indian participants in various sports events?
    A) 582

    B) 542
    C) 500
    D) 524
    View answer
    Option D
    Explanation: The Indian Olympic Association (IOA) has announced the 524-member contingent for the upcoming 18th Asian Games to be held in  Jakarta and Palembang, Indonesia. (18 Aug 2018 – 2 Sep 2018). The contingent features 277 men and 247 women athletes from a total of 36 sports disciplines. Athletics will have the highest number of representation with a total of 52 members participating.
  7. Name the App launched by the Election Commission for voters to report any violation of the Model Code of Conduct (MCC) during elections.
    A) eVIGIL

    B) ecVIGIL
    C) cVIGIL
    D) vVIGIL
    View answer
    Option C
    Explanation: The Election Commission launched an Android-based app named ‘cVIGIL’ using which a person can secretly send to it geo-tagged videos and photos of illegal money being distributed or a hate speech being made during polls.  ‘cVIGIL’, stands for “citizens’ vigil”. The app will work only during the time the model code of conduct (MCC) is in place in a poll-bound state. 
  8. What is the Moto of the Asian Games 2018?
    A) Thrilling Games, Harmonious Asia

    B) Energy of Asia
    C) Diversity Shines Here
    D) The Games of Your Life
    View answer
    Option B
  9. Name the free online school on investment launched by 5Paisa.com.
    A) 5P School

    B) 4P School
    C) 6P School
    D) 7P School
    View answer
    Option A
    Explanation: 5Paisa.com, India’s only e-commerce player in financial products space, has launched the country’s largest free online school on investment. The new initiative – 5P School – is available both on its website 5Paisa.comand 5Paisa Mobile App.
  10. Recently the Rajmata of Marwar (Jodhpur) __________died at the age of 92.
    A) Vasundhara Kumari

    B) Krishna Kumari
    C) Devyani Kumari
    D) Padmavati Kumari
    View answer
    Option B
    Explanation: Rajmata of the erstwhile Marwar principality and former MP, Krishna Kumari, passed away at 92.
  11. Andres Manuel Lopez Obrador has been appointed as the new President of which country?
    A) Singapore

    B) Argentina
    C) Mexico
    D) Jordan
    View answer
    Option C
    Explanation:
    Andres Manuel Lopez Obrador has won Mexico’s presidential election with around 53 percent of the vote. He is Mexico’s first leftist president in decades. The 64-year-old former mayor of Mexico City, also known as AMLO, will replace President Enrique Pena Nieto. He will take office on December 1.
  12. Chiribiquete National Natural Park which has been inducted into the UNESCO World Heritage Sites List is situated in which country?
    A) Peru

    B) Venezuela
    C) Brazil
    D) Colombia
    View answer
    Option D
    Explanation: The United Nations has placed Colombia’s Chiribiquete national park on its list of world heritage sites. Chiribiquete National Natural Park is the largest national park in Colombia and the largest tropical rainforest national park in the world.
  13. The National Stock Exchange of India (NSE) has signed an agreement with which of the following for customised real-time clearing, risk management and settlement technology?
    A) NASDAQ

    B) NYSE
    C) Tokyo Stock Exchange (TYO)
    D) London Stock Exchange (LSE)
    View answer
    Option A
    Explanation: The National Stock Exchange of India (NSE) has entered into an agreement with US bourse Nasdaq, to bring the latter’s clearing, risk management and settlement technologies in India. The new post-trade technology will replace NSE’s current clearing and settlement system National Securities Clearing Corporation Limited (NSCCL). NSCCL is a wholly owned subsidiary of the NSE.
  14. Who has been appointed as the new President of the Delhi and Districts Cricket Association (DDCA)?
    A) Shekhar Gupta

    B) Rajat Sharma
    C) Navjot Singh Sindhu
    D) Madan Lal
    View answer
    Option B
    Explanation: Senior journalist Rajat Sharma beat World Cup winning Indian cricketer Madan Lal by 517 votes to become the new president of Delhi and Districts Cricket Association (DDCA).
  15. Which Indian state has been conferred with the Best Performance award under the Pradhan Mantri Surakshit Matritav Abhiyan (PMSMA)?
    A) Maharashtra

    B) Haryana
    C) Gujarat
    D) Himachal Pradesh
    View answer
    Option D
    Explanation: Himachal Pradesh has been adjudged first for its performance under Pradhan Mantri Surakshit Matritav Abhiyan (PMSMA) in the country. Union Health Minister Jagat Prakash Nadda conferred the Award upon the State which was received by Additional Chief Secretary, Health B. K. Agarwal to the Government of Himachal Pradesh in the PMSMA ‘IPledgefor9’ACHIEVERS Awards Ceremony held at New Delhi.
  16. The International Cricket Council ( ICC) has announced stricter ball-tampering sanctions from level 2 to level__________
    A) 5

    B) 4
    C) 3
    D) 5
    View answer
    Option C
    Explanation: The world cricket governing body, International Cricket Council ( ICC) has introduced stricter sanctions for ball-tampering. It upgraded ball-tampering from a level 2 to a level 3 offence. Tampering with the ball could now lead to a ban of up to six Tests or 12 ODIs. 
  17. Name the Indian Army Officer who has become world’s first Major General to complete Ironman Triathalon Competition?
    A) VD Dogra

    B) Abhay Krishna
    C) Rajiv Bhatia
    D) Sanjiv Talwar
    View answer
    Option A
    Explanation: Major General VD Dogra has become the first Army Officer from the Indian Army and also the only General across the globe to complete a full Ironman Triathalon Competition held at Klagenfurt in Austria. Maj Gen Dogra completed the event in 14 hours and 21 minutes. Under this competition, the participants are required to complete the events in sequence within 17 hours to earn the title of ‘Ironman’.

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