Current Affairs Quiz 5 December 2018

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1. Name the winner of the 2018 Turner Prize
   A)  Luke Willis Thompson
   B) Charlotte Prodger
   C) Naeem Mohaiemen
   D)  Kunsthalle Basel
   
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   Option B
   Explanation: Glasgow-based British artist Charlotte Prodger has won the prestigious Turner Prize for 2018, awarded for “an outstanding exhibition or other presentation of their work in the preceding year”.
2. Which bank will be removed as the fund manager of the Employees’ Provident Fund Organisation (EPFO) with effect from March 2019 end?
   A) State Bank of India
   B) Bank of Maharashtra
   C) Allahabad Bank
   D) United Bank of India
   
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   Option A
   Explanation: State Bank of India (SBI) will cease to be a fund manager of retirement fund body EPFO by March-end,as a bank cannot function as an asset management company under the RBI norms. Currently, SBI, ICICI Securities Primary Dealership, Reliance Capital, HSBC AMC and UTI AMC are fund managers of the EPFO. However SBI’s fund managing arm – SBI Mutual (Fund) can engage in the business if it wants. 
3. What is the current Repo rate based on the 5th bi-monthly policy review for 2018-19?
   A) 6.00
   B) 6.25
   C) 6.50
   D) 6.75
   
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   Option C
   Explanation: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the benchmark Repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5% in its fifth bi-monthly monetary policy review for the current financial year 2018-19 on December 5, 2018.
4. India’s longest railroad bridge Bogibeel has been built in which state?
   A) Himachal Pradesh
   B) Odisha
   C) West Bengal
   D) Assam
   
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   Option D
   Explanation: Prime Minister Narendra Modi will inaugurate India’s longest railroad bridge on December 25. The overpass, called Bogibeel Bridge, is in Assam and is a combined road and rail bridge over the River Brahmaputra – precisely between the districts of Dhemaji and Dibrugarh. The cost of the Bogibeel Bridge is Rs 4,857 crores
5. Name the player who has won the IAAF Athlete of the Year Male 2018 title?
   A) Eliud Kipchoge
   B) Ashton Eaton
   C) Mutaz Essa Barshim
   D) Usain Bolt
   
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   Option A
   Explanation: International Association of Athletics Federations (IAAF) has announced the Athlete of the year award. IAAF Athlete of the Year 2018 (Male): Eliud Kipchoge (Kenyan marathon runner). IAAF Athlete of the Year 2018 (Female): Caterine Ibarguen (Colombian long jumper).
6. India’s heaviest communication satellite GSAT-11 was recently launched successfully from Kourou Launch Base in French Guiana on-board which launch vehicle?
   A) Atlas V
   B) Soyuz 3
   C) Ariane 5
   D) Falcon 9
   
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   Option C
   Explanation: Indian Space Research Organisation’s (ISRO) heaviest and most-advanced high throughput communication satellite GSAT-11 was successfully launched from the Spaceport in French Guiana on December 5. India’s GSAT-11 was launched onboard launch vehicle Ariane 5 VA-246 from Kourou Launch Base. Ariane 5, a heavyweight rocket of Arianespace, also carried South Korea’s GEO-KOMPSAT-2A satellites along with GSAT-11. 
7. Who is the author of the book on Indian Navy’s history titled ‘Blue Waters Ahoy!’
   A) Vice Admiral G. Ashok Kumar
   B) Vice Admiral Anup Singh
   C) Vice Admiral R Hari Kumar
   D) Vice Admiral Ajit Kumar
   
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   Option B
   Explanation: Admiral Sunil Lanba, Chief of the Naval Staff, released a book titled ‘Blue Waters Ahoy!’ on December 4 to celebrate the Indian Navy Day. The book chronicles around the Indian Navy’s History from 2001-10.  The book has been authored by Vice Admiral Anup Singh, who retired as the Flag Officer Commanding-in-Chief of Eastern Naval Command in 2011. 
8. The Government of India has approved SCord Centre to tackle  _______________
   A) Tax Evasion
   B) Money Laundering
   C) Smuggling
   D) Bribery
   
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   Option C
   Explanation: The Central government has approved Anti-Smuggling National Coordination Centre (SCord) under the Directorate of Revenue Intelligence (DRI) in order tackle smuggling. All the border agencies like BSF, ITBP, Assam Rifles, SSB and Coast Guards would be the members of SCord. 
9. The World Soil Day is held annually on which date?
   A) December 2
   B) December 3
   C) December 4
   D) December 5
   
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   Option D
   Explanation: World Soil Day: December 5. Theme 2018:  ‘Be the Solution to Soil Pollution’.
10. The Monetary Policy Committee of the RBI has decided to reduce the Statutory Liquidity Ratio every quarter from January 2019. It will be reduced by how many basis points?
    A) 50
    B) 25
    C) 5
    D) 75
    
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    Option B
    Explanation: The RBI has decided to reduce statutory liquidity ratio (SLR) by 0.25 per cent (25 bps) every quarter beginning January 2019. The calibrated reduction in statutory liquidity ratio (SLR) will continue till it reaches 18 per cent. The current SLR is 19.5 per cent.
11. Which city will host the 2023 IAAF World Athletics Championships?
    A) Budapest
    B) Doha
    C) Eugene
    D) Dubai
    
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    Option A
    Explanation: Budapest, Hungary will host the 2023 World Athletics Championships of IAAF. It will be the first time Budapest will host the event.
12. Which state recently organised the Industry Engagement Programme named ENGAGE jointly with FICCI to promote linkages with industry players??
    A) Maharahstra
    B) Uttar Pradesh
    C) Jharkhand
    D) Andhra Pradesh
    
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    Option C
    Explanation: The Jharkhand Skill Development Mission Society and FICCI jointly organised a day long Industry Engagement Programme “ENGAGE” in New Delhi on December 5. ‘Employers Network for Generating Aspirational and Gainful Employment’ (ENGAGE) aims to build a sustainable linkage between Jharkhand government and Industry players. The theme of the event: Skill in Jharkhand : Skilling for Future. 
13. Who has topped the 2018 Forbes India Celebrity 100 List?
    A) Amitabh Bachchan
    B) Akshay Kumar
    C) Shah Rukh Khan
    D) Salman Khan
    
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    Option D
    Explanation: Bollywood actor Salman Khan has emerged as the richest Indian celebrity for the third time in a row according to the 2018 Forbes India Celebrity 100 list.
14. Veteran cricketer Gautam Gambhir has announced his retirement from all forms of cricket after playing his last Ranji Trophy match on December 6, 2018. He represents which team in Ranji?
    A) Andhra cricket team
    B) Delhi cricket team
    C) Tamil Nadu cricket team
    D) Mumbai cricket team
    
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    Option B
    Explanation: Former India opening batsman Gautam Gambhir has announced his retirement from all forms of Cricket. The 37-year-old Delhi batsman represented India in 58 Tests,147 ODIs and 37 T20 Internationals. Gambhir has ended his career with a tally of 10,324 in international cricket. The Delhi-Andhra Ranji Trophy match beginning December 6 will be his last game.
15. Tourism ministry has recently added Parasnath under the Central scheme PRASAD to  develop it into tourism destination. It is located in which state?
    A) Jharkhand
    B) Madhya Pradesh
    C) Uttarkhand
    D) Chhatisgarh
    
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    Option A
    Explanation: The Centre has included Gangotri and Yamunotri in Uttrarakhand, Amarkantak in Madhya Pradesh and Parasnath in Jharkhand under a central scheme to develop pilgrimage and heritage destinations in the country. With the new additions, the number of sites under the Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASAD) has now become 41 in 25 states.
16. Which country has topped the WIPO’s World Intellectual Property Indicators 2018 List?
    A) Russia
    B) United States
    C) India
    D) China
    
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    Option D
    Explanation: The number of patents granted by India shot up by 50 percent in 2017, according to the UN’s World Intellectual Property Organisation (WIPO). China’s patent authority led the world in the number of patents granted with 420,144 and was followed by the US with 318,829. India was ranked 10th in the number of patents in the list.
17. When is the International Volunteer Day observed?
    A) December 6
    B) December 5
    C) December 4
    D) December 3
    
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    Option B
    Explanation: The International Volunteer Day for Economic and Social Development (International Volunteer Day (IVD)): 5 December. IVD 2018 Theme : “Volunteers build Resilient Communities”
18. What is the projected growth rate of India’s GDP for the fiscal 2018-19 as per the Reserve Bank of India?
    A) 7.5%
    B) 7.2%
    C) 7.4%
    D) 7.6%
    
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    Option C
    Explanation: The GDP growth projection for FY19 is pegged at 7.4%
19. Presently, the SBI Capital manages what percent of ETF investments of the EPFO?
    A) 75%
    B) 55%
    C) 45%
    D) 35%
    
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    Option A
    Explanation:The SBI Capital manages 75 per cent of ETF investment of the EPFO, while the UTI Mutual Funds takes care of the remaining 25 per cent.
20.  Name the first ever female celebrity to find a place in top 5 in the 2018 Forbes India Celebrity 100 list
    A) Anuskha Sharma
    B) Aishwarya Rai Bachchan
    C) Priyanka Chopra
    D) Deepika Padukone
    
    View answer

    Option D
    Explanation: Deepika Padukone with an estimated earning of Rs 112.8 crore  was placed 4th in the list

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