Current Affairs Quiz 17 January 2019
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- Under whose Chairmanship, has the Central government formed a committee to draft guidelines for setting up of Domestic Council to streamline the gems and jewelry industry?
A) Suresh Prabhu
B) C R Chaudhary
C) Pramod Agrawal
D) Santosh Kumar Sarangi
View answer
Option C
Explanation: The Union Ministry of Commerce has announced a committee to draft guidelines for forming a domestic council to streamline the Rs 5-trillion gems and jewellery industry. The five-member committee is headed by Pramod Agrawal, Chairman, Gems and Jewellery Export Promotion Council. It has members from the India Bullion and Jewellers Association, AIGJF and other trade bodies.
- What is the current Statutory Liquidity Ratio (SLR)?
A) 19.50%
B) 19.00%
C) 19.75%
D) 19.25%
View answer
Option D
Explanation: The Reserve Bank of India has reduced the statutory liquidity ratio (SLR) to 19.25% from 19.50% as announced in the 5th Bi-monthly Monetary Policy Meeting.
- Which city is hosting the India Rubber Expo 2019?
A) New Delhi
B) Mumbai
C) Hyderabad
D) Bengauru
View answer
Option B
Explanation: Union minister for commerce and Industry and Civil Aviation Suresh Prabhu inaugurated the 10th edition of the India Rubber Expo 2019 in Mumbai at the Bombay Convention & Exhibition Centre on January 17, 2019. India Rubber Expo (IRE) is currently Asia’s largest Rubber Exhibition and offers a unique opportunity for Indian companies to meet and collaborate with overseas companies.
- What is the estimated growth rate of Indian economy for the financial year 2019-20 according to the latest prediction of India Ratings and Research (Ind-Ra)?
A) 7.7%
B) 7.3%
C) 7.5%
D) 7.8%
View answer
Option C
Explanation: India Ratings and Research (Ind-Ra) has predicted India’s GDP growth rate in 2019-20 at 7.5% on account of steady improvement in major sectors — industry and services. For 2018-19, Ind-Ra has predicted the GDP growth rate for India at 7.2%
- Name the first ever Indian who has become the world’s youngest mountaineer to climb all the 7 highest mountain peaks as well as 7 Volcanic Summits of each continents?
A) Satyarup Siddhanta
B) Harish Kapadia
C) Mohan Singh Gunjyal
D) Asim Mukhopadhyay
View answer
Option A
Explanation: Renowned Indian mountaineer Satyarup Siddhanta conquered, Antarctica’s highest point, Mount Sidley, on January 17, 2019. With this feat, Kolkata based software engineer has become the first Indian as well as the youngest man in the world to have climbed all the seven highest mountain peaks and seven volcanic summits across each continents.
- The UNNATI programme was launched by ISRO in which city to provide training on Nanosatellite development?
A) New Delhi
B) Mumbai
C) Hyderabad
D) Bengaluru
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Option D
Explanation: Union Minister of State for Atomic Energy and Space, Dr. Jitendra Singh inaugurated the UNNATI programme of Indian Space Research Organisation (ISRO) in Bengaluru on January 17, 2019. UNNATI (Unispace Nanosatellite Assembly & Training) is a capacity building programme on Nanosatellite development organised by ISRO to commemorate the 50th anniversary of the first United Nations conference on the exploration and peaceful uses of outer space (UNISPACE-50).
- According to the recent decisions of the RBI, all eligible borrowers can now raise External Commercial Borrowings (ECB) up to USD __________million or equivalent per financial year under the automatic route
A) USD 550 million
B) USD 850 million
C) USD 750 million
D) USD 650 million
View answer
Option C
Explanation: The Reserve Bank of India has rationalisation in the New External Commercial Borrowings (ECB) Framework and Rupee denominated bonds to further improve the ease of doing business. Some major changes are: All eligible borrowers can now raise ECBs up to USD 750 million or equivalent per financial year under the automatic route replacing the existing sector wise limits.
- Vishnu Hari Dalmia who passed away recently at the age of 91 was the former President of which organisation?
A) Shiv Sena
B) Vishwa Hindu Parishad
C) Akhil Bharatiya Vidyarthi Parishad
D) Hindu Janajagruti Samiti
View answer
Option B
Explanation: Former International President of the Vishwa Hindu Parishad (VHP), Vishnu Hari Dalmia passed away. He was 91 year old. Dalmia contributed in giving a befitting renovation to Sri Krishna Janmasthan temples along with his father Jai Dayal Dalmia.
- The 25th edition of the International conference and exhibition on terrestrial and satellite broadcasting (BES EXPO 2019) has been organised in which city?
A) New Delhi
B) Mumbai
C) Hyderabad
D) Bengaluru
View answer
Option A
Explanation: Information and Broadcasting Secretary Amit Khare and TRAI Chairman R S Sharma jointly inaugurated the 25th edition of the International conference and exhibition on terrestrial and satellite broadcasting, BES EXPO 2019, in New Delhi on January 17, 2019. The three days conference been organised by the Broadcast Engineering Society (BES-India) and is rated as the biggest broadcast technology show in India. Theme: Next Gen Broadcasting in the IT World.
- What will be the Minimum Average Maturity Period (MAMP) for all ECBs under the New External Commercial Borrowings (ECB) Framework of RBI?
A) 5 years
B) 10 years
C) 1 years
D) 3 years
View answer
Option D
Explanation: MAMP will be 3 years for all ECBs. However, for ECB raised from foreign equity holder and utilised for specific purposes, the MAMP would be 5 years.Similarly, for ECB up to USD 50 million per financial year raised by manufacturing sector, which has been given a special dispensation, the MAMP would be 1 year.
