Current Affairs Quiz – 28 December 2018

Current Affairs Quiz 28 December 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 28 December 2018

  1. What is the maximum monthly limit that any Nepali citizen can spend in India as per Nepal’s recent orders?
    A) Rs 1 lakh

    B) Rs 2 lakh
    C) Rs 1.5 lakh
    D) Rs 2.5 lakh
    View answer
    Option A
    Explanation: 
    Nepal has imposed a monthly limit on the amount of Indian currency its citizen can spend in India. Nepali citizen would be unable to spend more than ₹1 lakh per month while paying for goods and services in India. 
  2. How much amount will be contributed by Indian government to Bhutan’s 12th Five-Year Plan spanning 2018-23
    A) Rs 4, 000 crore
    B) Rs 3,500 crore
    C) Rs 4,500 crore
    D) Rs 3,000 crore
    View answer
    Option C
    Explanation: 
    India has announced that it will contribute Rs 4,500 crore to Bhutan’s 12th Five-Year Plan following a delegation-level talks headed by Prime Minister Narendra Modi and his Bhutanese counterpart Lotay Tshering.
  3. Name the first Public Sector Bank which will receive fresh cash injection from the government under the laters capital infusion plan?
    A) Punjab National Bank
    B) United Bank of India
    C) Bank of Maharashtra
    D) Bank of India
    View answer
    Option B
    Explanation: 
    United Bank of India became the first of the country’s ailing state-run banks to announce a new cash injection from the government. The bank has disclosed in a filing that it will receive 21.6 billion rupees ($308 million) to improve its capital ratios. 
  4. The National Children’s Science Congress (NCSC) 2018 has been organised in which city?
    A) Mumbai

    B) New Delhi
    C) Chennai
    D) Bhubaneswar
    View answer
    Option D
    Explanation: 
    The 26th edition of National Children’s Science Congress (NCSC) was inaugurated by the Odisha Chief Minister Naveen Patnaik in Bhubaneswar. The theme of the 5 days long programme (27-31 Dec) is ‘Science, Technology and Innovations: For clean, green and healthy nation’. 
  5. According to the RBI report, the recovery rate under the Insolvency and Bankruptcy Code (IBC) in 2017-18 stands at ___________%
    A) 35.8%

    B) 52.2%
    C) 49.6%
    D) 61.9%
    View answer
    Option C
    Explanation: 
    As per the latest “Report on Trend and Progress of Banking in India 2017-18” by Reserve Bank of India, the recovery rate under the Insolvency and Bankruptcy Code (IBC) in 2017-18 stands at 49.6%
  6. In the Cabinet approval on December 28, how many Central Public Sector Enterprises has been selected to be listed on the Stock Exchange through Initial Public Offering (IPO) /Further Public Offer (FPO)?
    A) 7

    B) 5
    C) 8
    D) 9
    View answer
    Option A
    Explanation:
    Approved to list the following seven Central Public Sector Enterprises(CPSE) on the Stock Exchange through Initial Public Offering (IPO) /Further Public Offer (FPO):

    • Telecommunication Consultants (India) Ltd.[TCIL]- IPO
    • RailTel Corporation India Ltd. – IPO
    • National Seed Corporation India Ltd. (NSC) – IPO
    • Tehri Hydro Development Corporation Limited (THDC) – IPO
    • Water & Power Consultancy Services (India) Limited [WAPCOS Ltd.] – IPO
    • FCI Aravali Gypsum and Minerals (India) Limited [FAGMIL]- IPO
    • Kudremukh Iron Ore Company Limited (KIOCL) – FPO

  7. Name the winner of the 2018 Mrs India beauty pageant?
    A) Yamini Sinha

    B) Divya Patidar Joshi
    C) Shaveta Athwal
    D) Deepali Phadnis
    View answer
    Option B
    Explanation: 
    Divya Patidar Joshi has been crowned with Mrs India: My Identity Beauty Pageant 2018 held in New Delhi surpassing 24 participants. 
  8. The Reserve Bank of India has approved the proposal allowing SIBDI to utilize Rs ________ for funding the microfinance sector
    A) Rs 100 crore

    B) Rs 500 crore
    C) Rs 2000 crore
    D) Rs 1000 crore
    View answer
    Option D
    Explanation: 
    Reserve Bank of India has cleared a proposal allowing SIDBI to use an existing Rs 1000-crore corpus for funding micro lenders. Small Industries Development Bank of India had kept this money for some other purposes and had recently sought RBI’s approval for using it for microfinance sector 
  9. The Cabinet committee has approved the first manned spaceflight – Gaganyaan Programme- under which _______ member crew will be send to the space
    A) 3

    B) 5
    C) 2
    D) 4
    View answer
    Option A
    Explanation: 
    The Union Cabinet has approved the Gaganyaan Programme, India’s first human spaceflight programme, under which 3-member crew will spend a minimum of 7 days in space at an overall cost of Rs 10,000 crore. With this space programme, India will become the fourth country in the world to send a human to space. The GSLV Mk III will be the launch vehicle for this mission.
  10. Which city will host the 1st International Conference on Aluminium (INCAL) to be held in 2019?
    A) New Delhi

    B) Mumbai
    C) Bhubaneswar
    D) Hyderabad
    View answer
    Option C
    Explanation: 
    Bhubaneswar, Odisha will host the 1st International Conference on Aluminium (INCAL) and will be held from January 31 to February 3. Theme of the event is ‘Driving Growth and Development’. 

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