Current Affairs Quiz 1 September 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 1 September 2018
- The India Post Payments Bank (IPPB) became operational on__________
A) August 31, 2018
B) September 01, 2018
C) July 1, 2018
D) April 30, 2018
View answer
Option B
Explanation: The Prime Minister, Shri Narendra Modi, launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi on September 01, 2018. No. of branches launched: 650 branches and 3,250 access points.
- The IPPB can accept deposit upto Rs ____________
A) Rs 1 lakh
B) Rs 25 lakh
C) Rs 50 lakh
D) Rs 1 crore
View answer
Option A
Explanation:The payments bank will accept deposits of up to Rs 1 lakh, offer remittance services, mobile payments/transfers/purchases and other banking services like ATM/debit cards, net banking and third-party fund transfers. It cannot offer loans.
- What is the equity share of the government of India in IPPB?
A) 40%
B) 50%
C) 75%
D) 100%
View answer
Option D
Explanation: The government owns 100 per cent in the IPPB.
- Who is the MD & CEO of IPPB?
A) Suresh Kumar Sethi
B) Dinabandhu Mohapatra
C) Sanjay Agarwal
D) Pawan Kumar Bajaj
View answer
Option A
Explanation: Managing Director & CEO: Shri Suresh Kumar Sethi; Tag Line: Aapka Bank, Aapke Dwaar
- IPPB will have __________ many post offices in the country by December 31, 2018.
A) 1.15 lakh
B) 1.25 lakh
C) 1.55 lakh
D) 1.75 lakh
View answer
Option C
Explanation: All the 1.55 lakh post offices in the country will be linked to the IPPB system by December 31, 2018. IPPB has permission to link around 17 crore postal savings bank (PSB) account with its account. The IPPB will not offer any ATM debit card. Instead, it will provide its customers a QR Code-based biometric card.
- The Singphan Wildlife Sanctuary is located in which state?
A) Assam
B) Nagaland
C) Mizoram
D) Sikkim
View answer
Option B
Explanation: The Nagaland government has declared the Singphan Wildlife Sanctuary as an elephant reserve making it the 30th reserve for elephants in the country.
- The 4th International Ayurveda Congress (IAvC) was held in which country?
A) Norway
B) Singapore
C) Netherlands
D) Switzerland
View answer
Option C
Explanation:Minister of State, (IC), for AYUSH Shri Shripad Yesso Naik inaugurated the Fourth International Ayurveda Congress (IAvC) at Netherlands on September 1, 2018. The Minister is in Netherlands from September 1-4, 2018 to participate in the Congress.
- India has Nepal has tied up to conduct joint survey of Broad Gauge Rail Line connecting which division?
A) Nepalgunj – Gonda
B) Sonauli – Lumbini
C) Jogbani – Biratnagar city
D) Raxaul – Kathmandu
View answer
Option D
Explanation: India and Nepal have signed an MoU on Preliminary Engineering-cum-Traffic Survey on Broad Gauge Rail Line between Raxaul and Kathmandu. Konkan Railway Corporation will conduct the survey for the electrified railway line in consultation with the Nepal government.
- Who has been appointed as the new Chairman and Managing Director of Hindustan Aeronautics Limited (HAL)?
A) R. Madhavan
B) T Suvarna Raju
C) Ajai Shukla
D) Ashok Nayak
View answer
Option A
Explanation: R. Madhavan took charge as the new chairman and managing director of state-run Hindustan Aeronautics Limited (HAL). He took charge following the retirement of T Suvarna Raju.
- Binoy Kumar has been appointed as the Secretary of which Union Ministry?
A) Ministry of Civil Aviation
B) Ministry of Steel
C) Ministry of Earth Science
D) Ministry of Panchayati Raj
View answer
Option B
Explanation: Binoy Kumar, IAS (TG:83) has taken over as Secretary, Ministry of Steel, Government of India on September 1, 2018.
- Who among the following has been named for 2018 Dr B C Roy National Award in the category of ‘Eminent Medical Person’ of the year?
A) Dr N. K. Venkataramana
B) Dr Basant Kumar Misra
C) Dr. Mahesh Chaudhari
D) Dr Keki Turel
View answer
Option B
Explanation: Dr Basant Kumar Misra will be awarded with the Dr B C Roy National Award in the category of ‘Eminent Medical Person’ of the year. It is the highest award in the field of medicine in India. He is the head, Department of Surgery, Neurosurgery & Gamma Knife Radiosurgery at P D Hinduja Hospital.
- Who among the given is not the recipient of the Legends of India Lifetime Achievement Award 2018 presented by M. Venkaiah Naidu?
A) Shri T.N. Krishnan
B) Lalgudi Jayaraman
C) Shri Satish Gujral
D) Shri Ratan Thiyam
View answer
Option B
Explanation: The Vice President of India, Shri M. Venkaiah Naidu presented Legends of India Lifetime Achievement Award to three persons: Shri Satish Gujral (Painter and Sculptor)Shri T.N. Krishnan (Violinist)Shri Ratan Thiyam (Theatre personality)
- Tarun Sagar who passed away recently was a renowned monk belonging to which community?
A) Buddhists
B) Jains
C) Zoroastrians
D) Sikhs
View answer
Option B
Explanation: Popular Jain monk Tarun Sagar passed away at Radhapuri Jain Temple in east Delhi after a prolonged illness of jaundice. He was 51.
- The total number of Income Tax Returns(ITRs) filed during FY 2018 upto August 31, 2018 registered a growth of________ percent as compared to previous year.
A) 68.10%
B) 70.86%
C) 75.28%
D) 79.12%
View answer
Option B
Explanation: There has been a marked improvement in the number of Income Tax Returns(ITRs) filed during FY 2018 (upto 31/08/2018, the extended due date of filing) compared to the corresponding period in the preceding year. The total number of ITRs e-filed upto August 31, 2018 was 5.42 crore as against 3.17 crore upto August 31, 2017, marking an increase of 70.86%.
- Identify the wrong statement regarding IPPB.
I. IPPB has permission to link around 17 crore postal savings bank (PSB) account with its account.
II. The IPPB will not offer any ATM debit card.
III. It will provide its customers a QR Code-based biometric card.
A) Only I & II
B) Only I & III
C) Only II & III
D) All are correct
