Current Affairs Quiz 05 July 2018

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1. Name the Prime Minister of Bhutan who is on 3 days visit to India to strengthen bilateral ties.
   A) Dasho Tshering Tobgay
   B) Jigme Khesar Namgyel Wangchuck
   C) Aung San Suu Kyi
   D) Mangala Samaraweera
   
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   Option A
   Explanation: Prime Minister of Bhutan Dasho Tshering Tobgay arrived in New Delhi on a three day visit to India. India and Bhutan enjoy unique bilateral ties of friendship and cooperation, which are characterized by utmost trust and mutual understanding. This year both countries are commemorating the Golden Jubilee of the establishment of formal diplomatic relations.
2. How many sites have been inscribed to the World Heritage List during 42nd World Heritage meeting?
   A) 14
   B) 21
   C) 19
   D) 29
   
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   Option C
   Explanation: The 42nd World Heritage Committee meeting closed on July 04, 2018 in Bahrain’s capital Manama, with 19 new sites inscribed to the World Heritage List. The World Heritage List now numbers 1092 sites in 167 countries.
3. The World’s first all-digital art museum is being set up in which country?
   A) Japan
   B) China
   C) United Arab Emirates
   D) France
   
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   Option A
   Explanation: The world’s first all-digital art museum has opened at the MORI Building Digital Art Museum in Japan’s Tokyo. It features around 50 kaleidoscopic installations triggered by motion sensors, which are projected across every surface of the 100,000-square-foot exhibit space with the help of lights. 
4. The Karnataka government as announced a farm loan waiver of how much amount in the annual budget 2018-19?
   A) Rs 30,000 crore
   B) Rs 34,000 crore
   C) Rs 24,000 crore
   D) Rs 20,000 crore
   
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   Option B
   Explanation: While presenting the 2018-19 Budget, the Karnataka government has announced a farm loan waiver of up to Rs 34,000 crore, giving relief to lakhs of farmers across the state. In the first phase of the crop loan waiver, all defaulted crop loans up to 31 December, 2017 will be waived. For this purpose, Rs 6,500 crore is earmarked in 2018-19 budget.
5. What is the enhanced capital base for the Higher Education Financing Agency (HEFA) as announced by the Union Cabinet to meet the financial needs of educational sector?
   A) Rs 20,000 crore 
   B) Rs 5,000 crore 
   C) Rs 15,000 crore 
   D) Rs 10,000 crore 
   
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   Option D
   Explanation: The Union Cabinet has approved a proposal for expanding the scope of Higher Education Financing Agency (HEFA) by expanding its capital base to Rs 10,000 crore to meet the rising financial requirements of educational infrastructure in the country.
6. The Centre has set up 4 member committee to take final decision regarding allocation of fund from CRIF Fund for infrastructure projects. Who will head the committee?
   A) Vice-President 
   B) Prime Minister
   C) Finance Minister
   D) Minister of Road Transport and Highways
   
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   Option C
   Explanation: The government has constituted four-member ministerial panel headed by the Finance Minister to decide about fund allocation for infrastructure projects from the Central Road and Infrastructure Fund (CRIF). The committee would approve recommendations made by the sub-committee headed by the Economic Affairs Secretary on list of infrastructure projects to be financed from the CIRF.
7. The first of its kind “ARTH – ART FOR EARTH” exhibition has been organised in which city?
   A) Mumbai
   B) New Delhi
   C) Bhopal
   D) Jaipur
   
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   Option B
   Explanation: The Union Minister of State for Culture(I/C), Dr. Mahesh Sharma, inaugurated exhibition titled “ARTH – ART FOR EARTH”at IGNCA, New Delhi. The exhibition which is up for display until October 22 is the first its kind public art project on the environment by one of India’s leading contemporary artists Manav Gupta.
8. The 42nd World Heritage meeting was held in which country?
   A) Saudi Arabia
   B) Japan
   C) Indonesia
   D) Bahrain
   
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   Option D
   Explanation:The 42nd World Heritage Committee meeting closed on July 04, 2018 in Bahrain’s capital Manama. 
9. UNESCO is set to establish a Design University for Gaming in which of the following Indian cities?
   A) Visakhapatnam
   B) Hyderabad
   C) Bengaluru
   D) Chennai
   
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   Option A
   Explanation: United Nations Educational, Scientific and Cultural Organisation (UNESCO) will be setting up a ‘Design University for Gaming’ in Visakhapatnam. UNESCO delegation entered into an agreement with Andhra Pradesh Economic Development Board (APEDB) for the establishment of ‘Gaming Digital Learning Hub’. 
10. Which state has proposed to introduce “Compete with China” programme to reduce import of Chinese products in the state?
    A) Gujarat
    B) Maharashtra
    C) Telangana
    D) Karnataka
    
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    Option D
    Explanation: The state government of Karnataka under Chief Minister H.D. Kumaraswamy presented the Congress-JD(S) coalition government’s maiden budget for fiscal 2018-19 on July 5, announcing a unique scheme to compete with China-made goods. In a bid to reduce dependence on Chinese made products and encourage in-house production,  Karnataka Government has proposed to introduce a scheme named ‘Compete with China’.The scheme envisages setting up a “Program Mission Unit” under the leadership of successful entrepreneurs of the state. 
11. The budget 2018 amended which Act to rename the Central Road Fund as Central Road and Infrastructure Fund (CRIF)?
    A) Central Road Fund Act, 2007
    B) Central Road Fund Act, 2000
    C) Central Road Fund Act, 2014
    D) Central Road Fund Act, 2004
    
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    Option B
12. Which state has launched an outstanding power bill waiver scheme and subsidised power scheme ‘Sambal’ for BPL families?
    A) Haryana
    B) Gujarat
    C) Madhya Pradesh
    D) Rajasthan
    
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    Option C
    Explanation: The Madhya Pradesh government has launched an outstanding power bill waiver scheme and subsidised power scheme ‘Sambal’ for labourers and poor families. Under the scheme, the Below Poverty Line (BPL) families would be provided electricity at a cost of 200 rupees per month. 
13. Electronic Live Assistant (ELA), an AI powered virtual assistance has been launched by which entity for customers support?
    A) SBI Card
    B) SBI Funds Management Pvt Ltd
    C) SBI Life Insurance
    D) SBI Capital Markets
    
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    Option A
    Explanation: SBI Card has announced the launch of ‘ELA’ (Electronic Live Assistant), a virtual assistant for customer support and services. The virtual assistant is currently hosted on the SBI Card website and will soon be integrated on the mobile app as well. 
14. Name the App launched by CBIC to protect the consumers from GST collection fraud?
    A) GST Support
    B) GST Verify
    C) GST Confirm
    D) GST Certify
    
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    Option B
    Explanation: The Central Board of Indirect Taxes and Customs (CBIC) has developed a mobile app ‘GST Verify’ to protect the interest of consumers.It is an android app to verify if the person collecting GST from the consumer is eligible to collect it or not. It also provides the details of the person/ company collecting GST.A Composition Tax Payer should not collect the tax from his consumer. This app, developed by B Raghu Kiran joint commissioner GST Hyderabad.
15. The High Court of which state has recently passed verdict declaring animals of the state as legal person or entity.
    A) West Bengal
    B) Maharshtra
    C) Jammu & Kashmir
    D) Uttarakhand
    
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    Option D
    Explanation: The Uttarakhand High Court accorded the status of “legal person or entity” to animals in the State. A Division Bench of Justices Rajiv Sharma and Lokpal Singh bestowed the unique status on animal kingdom. 
16. Name the Internet Telephony (VOIP) Service scheme unveiled by BSNL to make calls using internet.
    A) WINGS
    B) ZENITH
    C) SPEED
    D) SKY
    
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    Option A
    Explanation: Bharat Sanchar Nigam Ltd (BSNL) has announced the launch of its Internet Telephony (VOIP) Service “WINGS”. The roll out will begin from August 1, 2018. The subscriber will be able to make calls using any internet connection including broadband, WiFi, 3G or 4G data network of any operator. 
17. Name the Indian wrestler to win the 2018 Tbilisi Grand Prix in the 65kg category event.
    A) Deepak Punia
    B) Sushil Kumar
    C) Bajrang Punia
    D) Yogeshwar Dutt
    
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    Option C
    Explanation: Bajrang Punia emerged champion at the Tbilisi Grand Prix in the 65kg category after defeating Iranian wrestler Mehran Nasiri in the final in Georgia. 
18. YAMIL is the newly launched Mutual Fund Unit of which Bank?
    A) YES Bank
    B) AXIS Bank
    C) HDFC Bank
    D) Kotak Mahindra Bank
    
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    Option A
    Explanation: YES BANK has received the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its Mutual Fund business. Yes Asset Management (India) Limited (YAMIL), a wholly owned subsidiary of YES BANK, will launch fund offerings across the spectrum of both debt and equity markets over the next 6-12 months.