Current Affairs Quiz 08 January 2019
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- Name the high level committee constituted by RBI on Deepening of Digital Payments
A) K. V. Kamath committee
B) Sunil Mittal committee
C) Vishal Sikka committee
D) Nandan Nilekani committee
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Option D
Explanation: Reserve Bank of India (RBI) has constituted a High-Level Committee on Deepening of Digital Payments, with a view to encourage digitisation of payments and enhance financial inclusion through digitisation. The Committee has 5 members with Shri Nandan Nilekani (Former Chairman, Unique Identification Authority of India) as its Chairman.
- Who has been appointed as the first female Chief Economist of the International Monetary Fund (IMF)?
A) Gita Gopinath
B) Komal Mangtani
C) Neha Narkhede
D) Padmasree Warrior
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Option A
Explanation: Indian-American economist Gita Gopinath took over as the 11th Chief Economist of the International Monetary Fund (IMF) on January 1, 2019. With this appointment, she became the first woman to occupy the top IMF post while the second India-born economist after former Reserve Bank of India Governor Raghuram Rajan to hold the position.
- Name the Director of Central Bureau of Investigation (CBI) who has been reinstated to the post, three months after being forced to leave the position
A) Ranjit Sinha
B) Alok Verma
C) Vineet Narain
D) Upendra Rai
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Option B
Explanation: Alok Verma has been reinstated as the Director of Central Bureau of Investigation (CBI) by the Supreme Court.
- Who will take charge as the interim President of the World Bank after the incumbent head Jim Yong Kim steps down in February 2019?
A) Klaus Schwab
B) Christine Lagarde
C) Kristalina Georgieva
D) Roberto Azevedo
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Option C
Explanation: World Bank President Jim Yong Kim has announced that he will step down from his position on February 01, 2019. He has held the position for over six years. He is the 12th President of the World Bank. Kristalina Georgieva, World Bank CEO, will assume the role of interim President effective February 01, 2019 and the bank’s executive board would immediately start the process for selecting a permanent successor to Kim.
- Who will head the 5 judge Constitution bench of the Supreme Court to hear the Ram Janmabhoomi-Babri Masjid Ayodhya case?
A) Justice Ranjan Gogoi
B) Justice D.Y. Chandrachud
C) Justice S.A. Bobde
D) Justice N.V. Ramana
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Option A
Explanation: A five-Judge Constitution bench of the Supreme Court headed by Chief Justice Ranjan Gogoi has been constituted to hear the title suit in the Ram Janmabhoomi-Babri Masjid Ayodhya case.
- Who has been sworn in as the new Director General of Sashastra Seema Bal (SSB)?
A) Sanjay Kumar
B) Kumar Rajesh Chandra
C) Rajesh Pratap Singh
D) Prabhat Singh
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Option B
Explanation: Kumar Rajesh Chandra has been sworn in as the Director General (DG) of Sashastra Seema Bal (SSB) on 8 January 2019. He succeeds S.S. Deswal.
- Who is the author of the book ‘We are Displaced’?
A) Kailash Satyarthi
B) Michelle Obama
C) Azim Premji
D) Malala Yousafzai
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Option D
Explanation: Nobel Peace Prize winner and Pakistani activist Malala Yousafzai has come up with a new book titled “We are Displaced”.
- Under new norms on customer liability in fraudulent PPI transactions, in case of third-party breach, where it is neither the fault of PPI issuer nor the customer but lies elsewhere in the system, the customer will not lose any money if reported within ___________ days.
A) 4 days
B) 3 days
C) 7 days
D) 5 days
View answer
Option B
Explanation: Under new norms on customer liability, frauds due to third-party breach where neither the customer nor the PPI issuer is at fault, there cannot be any liability for the customer, in case the incident in reported within three days. If the fraud is reported between three and seven days, customer liability will amount to the transaction value or ₹10,000, whichever is lower.For over seven days, the liability of the customer will be according to the board-approved policy of the PPI issuer.
