Current Affairs Quiz: December 7 2018

AffairsCloud brings you the complete and important daily Current Affairs December 7 2018 Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz from our current affairs today updates.

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  1. Which state/union territory government launched a 3 day, 2 night free pilgrimage scheme, consisting of five religious circuits, for senior citizens named- the ‘Mukhyamantri Teerth Yatra Yojana’, on 6th December 2018?
    1) Manipur
    2) Delhi
    3) Andaman and Nicobar Islands
    4) Madhya Pradesh
    5) None of these
    Answer & Explanation
    Answer –  2) Delhi
    Explanation:
    On December 6, 2018, Delhi Chief Minister Arvind Kejriwal launched a 3 day, 2 night free pilgrimage scheme, consisting of five religious circuits, for senior citizens named- the ‘Mukhyamantri Teerth Yatra Yojana’. The AAP government will bear the expenses of 77,000 pilgrims every year although preference would be given to economically backward families. On an average, the scheme will incur a cost of Rs 7000 per pilgrim and would cover an insurance of Rs. 1 lakh for each pilgrim. Under this scheme, 1,100 senior citizens, above 60 years, from each of the 70 assembly constituencies in Delhi can undertake free pilgrimage. The beneficiaries above the age of 70 can take an attendant above the age of 20 years and the beneficiaries would be certified via the respective area lawmakers.
  2. The Cooperative department of Punjab decided to merge how many District Central Cooperative Banks (DCCBs) with the Punjab State Cooperative Bank (PSCB), on 3rd December 2018?
    1) 20
    2) 35
    3) 70
    4) 55
    5) None of these
    Answer & Explanation
    Answer – 1) 20
    Explanation:
    On 3rd December 2018, the Cooperative department of Punjab has decided to merge 20 District Central Cooperative Banks (DCCBs) with the Punjab State Cooperative Bank (PSCB). The aim of the merger is to strengthen the state’s rural credit system and facilitate farmers taking credit from cooperative banks. The 20 DCCBs were having 804 branches across the state and were facing a loss of Rs 700 crore. With the merger, the DCCBs would now be able to use the branches of the PSCB and function like other commercial banks. The decision was taken in view of RBI guidelines, which mandate that all DCCBs should have a Capital to Risk Weighted Assets Ratio (CRAR) of 9 per cent. At present the DCCBs are adhering to the required CRAR of 9 per cent, but there was hardly any space for majority of these DCCBs to enhance their business and to increase their profitability.
  3. Maharashtra Chief Minister Devendra Fadnavis launched SMART (State of Maharashtra’s Agribusiness and Rural Transformation) initiative, on 6th December 2018, for which World Bank has provided financial assistance of ____ dollars?
    1) $210 million
    2) $370 million
    3) $450 million
    4) $180 million
    5) None of these
    Answer & Explanation
    Answer – 1) $210 million
    Explanation:
    On December 6, 2018, Maharashtra Chief Minister Devendra Fadnavis launched a unique initiative called- State of Maharashtra’s Agribusiness and Rural Transformation or “SMART”. This will be implemented in in 10,000 villages with an objective to achieve sustainable farming within the next 3 years. This is a World Bank (WB) assisted project which has a net worth of 300 million US dollars. Of this WB has provided financial assistance of $210 million. Confederation of Indian Industry (CII) is the industry partner of the initiative. Additionally, 50 MOUs have been signed under this project involving top companies like TATA, Amazon etc.
  4. Swedish firm Spowdi and Indian firm EMVEE signed a MoU, on 3rd December 2018, to set up local manufacturing and assembly unit in which city?
    1) Bengaluru
    2) Mumbai
    3) New Delhi
    4) Chennai
    5) None of these
    Answer & Explanation
    Answer –  1) Bengaluru
    Explanation:
    On 3rd December 2018, Sweden and India signed Memorandum of Understandings (MoUs) in the Renewable Energy sector to enhance the technology and bring in power efficiency. Among the two MoUs signed, the first was signed between Swedish firm Spowdi and EMVEE for setting up local manufacturing and assembly unit in Bengaluru and the second MoU was inked between Swedish Neutral and Tata Power DDL for setting up pilot for earth fault protection in Delhi. The MoUs were signed on the sidelines of inauguration of the ‘Sustainability by Sweden – Showroom India’ by Swedish Energy, Agency Business Sweden and Embassy of Sweden under the Sweden India Nobel Memorial Programme. The showroom has been set up in India as a next step towards bi-lateral programme – India Sweden Innovations Accelerator (ISIA), in which over 20 Swedish innovative technologies would be presented. The India-Sweden Innovations’ Accelerator (ISIA) programme is a part of intergovernmental cooperation between India and Sweden in the area of new and renewable energy technology.
  5. Which museum signed a MoU with Madame Tussauds Wax Museum, New Delhi, on 4th December 2018, to provide an amazing discount offer to Delhi NCR tourists?
    1) Indira Gandhi Memorial Museum
    2) National Rail Museum
    3) National Handicrafts Museum
    4) National Science Museum
    5) None of these
    Answer & Explanation
    Answer – 2) National Rail Museum
    Explanation:
    On 4th December 2018 the Ministry of Railways’ National Rail Museum (NRM) and Madame Tussauds Wax Museum, New Delhi, signed a Memorandum of Understanding (MoU) to provide an amazing discount offer to Delhi NCR tourists. This innovative and first time ever, public-private museum collaboration, is expected to attract more tourists to both National Rail Museum and Madame Tussauds Wax Museum. A special discount of 35%on ticket prices will be offered to NRM visitors when they visit Madame Tussauds Museum, while Madame Tussauds Wax Museum visitors will be getting an attractive discount of 30% on combo packages of NRM. In order to promote railway heritage and also enable children to learn about national heroes, there will be a special provision for school children and groups. They will be able to enjoy both museums at a 45% discount.
  6. Chief Minister of Nagaland Neiphiu Rio, inaugurated the first ever Swadesh Darshan Project in Nagaland named “Development of Tribal Circuit: Peren-Kohima-Wokha Project” worth ____rupees, on 5th December 2018?
    1) Rs 97.36 crore
    2) Rs 123.56 crore
    3) Rs 67.98 crore
    4) Rs 80.55 crore
    5) None of these
    Answer & Explanation
    Answer – 1) Rs 97.36 crore
    Explanation:
    On December 5, 2018, Chief Minister of Nagaland, Shri Neiphiu Rio, inaugurated the first ever Swadesh Darshan Project in Nagaland named-“Development of Tribal Circuit: Peren-Kohima-Wokha Project”. It was sanctioned by the Ministry of Tourism in November 2015 for Rs. 97.36 Crores. It would include facilities like Tribal Tourist Village, Eco Log Huts, Open Air Theatre, Tribal Rejuvenation Centre, Cafeteria, Helipad, Tourist Interpretation Centre, Wayside Amenities, Last Mile Connectivity, Public Conveniences, Multipurpose Hall, Nature Trails, Trekking Routes etc. Additionally, the Ministry sanctioned another project in Nagaland called -“Development of Tribal circuit: Mokokchung–Tuensang-Mon” forRs.99.67 crore.
  7. HDFC ERGO General Insurance Company announced tie-up with which bank on 5th December 2018, for distribution of HDFC ERGO’s non-life insurance offerings to the customers of the bank through its network branches?
    1) Canara Bank
    2) DBS Bank
    3) Axis Bank
    4) Federal Bank
    5) None of these
    Answer & Explanation
    Answer –  4) Federal Bank
    Explanation:
    On 05th December 2018, HDFC ERGO General Insurance Company, India’s leading private sector general insurance company and Federal Bank, announced tie-up for the distribution of HDFC ERGO’s range of non-life insurance offerings to the customers of the Bank through its network branches. This Corporate Agency Tie-up offer’s comprehensive Insurance solutions to customers both digitally and physically, which benefits the customers in many ways. Federal Bank’s deep rooted presence in Southern markets allows the Company to strengthen its foothold within the region. Also, this enables Federal Bank to offer their customers’ a comprehensive solution for all their financial requirements under a single roof.
  8. Large borrowers having working capital of Rs. 150 crores and above can draw a minimum loan component of ____% of the capital, as per guidelines issued by Reserve Bank of India (RBI), with effect from April 1, 2019?
    1) 50 %
    2) 40 %
    3) 60 %
    4) 25 %
    5) None of these
    Answer & Explanation
    Answer – 2) 40 %
    Explanation:
    On December 5, 2018, Reserve Bank of India (RBI) issued guidelines for enhancing the credit discipline of large borrowers by allowing a minimum of 40% of the working capital to be drawn. According to the guidelines, large borrowers having working capital of Rs. 150 crores and above can draw a minimum loan component of 40% of the capital. Also, the drawings in excess of the minimum ‘loan component’ threshold may be allowed in the form of cash credit facility. This will be effective from April 1, 2019. Further, the 40 per cent loan component will be revised to 60 per cent, with effect from July 1, 2019.
  9. Fitch Ratings, in its Global Economic Outlook report, has lowered India’s GDP (Gross Domestic Product) growth forecast to what per cent for current fiscal?
    1) 7.4 %
    2) 7.2 %
    3) 7.1 %
    4) 7.0 %
    5) None of these
    Answer & Explanation
    Answer – 2) 7.2 %
    Explanation:
    On December 6, 2018, Fitch Ratings, in its report- Global Economic Outlook, slashed India’s GDP growth forecast to 7.2 per cent for current fiscal, even lower than RBI’s projection of 7.4%. The main reasons cited for the decline are: higher financing cost and reduced credit availability. Additionally, Fitch estimated India’s GDP growth to be 7 per cent and 7.1 per cent in financial years 2019-20 and 2020-21 respectively. It also forecasted Indian rupee to weaken to 75 to a dollar by end of 2019. For global projects, it retained its global GDP forecasts for 2018 at 3.3 per cent and 3.1 per cent for 2019. It also retained China’s growth projections at 6.6 per cent in 2018 and 6.1 per cent in 2019.
  10. Name the professor who has been awarded the Innovative Young Biotechnologist Award (IYBA) 2018?
    1) Dr. Rajanish Giri
    2) Dr. Prathiksha Patil
    3) Dr. Anuprada Biswas
    4) Dr. Kiran Rao
    5) None of these
    Answer & Explanation
    Answer – 1) Dr. Rajanish Giri
    Explanation:
    Dr. Rajanish Giri, an assistant professor from the Indian Institute of Technology-Mandi (IIT-Mandi), has been awarded the Innovative Young Biotechnologist Award (IYBA) 2018. Dr. Giri was selected for his proposed innovative idea on Zika virus Capsid Folding and inhibitor discovery. He has also proven expertise in understanding and solving the fundamental problems of protein folding in various structured and Intrinsically Disordered Proteins. The Department of Biotechnology (DBT), Ministry of Science and Technology selected Dr. Giri for the award. Along with the award he received a research grant, for three years, to delve more insight into the biophysical research on Zika Capsid protein system.
  11. Who topped Forbes India rich list 2018, released on 6th December 2018?
    1) Azim Premji
    2) Mukesh Ambani
    3) Lakshmi Mittal
    4) Pallonji Mistry
    5) None of these
    Answer & Explanation
    Answer – 2) Mukesh Ambani
    Explanation:
    Forbes India rich list 2018 consisting of 100 richest Indians was released on 6th December 2018. Mukesh Ambani topped the chart with a net worth of $47.3 billion. He is followed by Azim Premji (Wipro) and Lakshmi Mittal (Arcelor Mittal) ranking 2nd and 3rd respectively. Hinduja Brothers of Ashok Leyland and Pallonji Mistry of Shapoorji Pallonji Group closed off the top 5 ranks.
  12. Forbes India 2018 Celebrity 100, released on 6th December 2018, was topped by ____?
    1) Deepika Padukone
    2) Salman Khan
    3) Shah Rukh Khan
    4) Virat Kohli
    5) None of these
    Answer & Explanation
    Answer – 2) Salman Khan
    Explanation:
    On December 6, 2018, Forbes India released Forbes List 2018 containing ranking influencing people in various genres according to their net worth. The list is topped by actor Salman Khan with net worth of Rs. 253.25 crore. He is followed by Virat Kohli (the highest paid sportsperson with net worth of Rs. 228.09 crore) and Akshay Kumar in the 2nd and 3rd ranks. Deepika Padukone, the only female actor in the top 10, ranked 4th with net worth of Rs. 112.8 crores and is followed by MS Dhoni in the 5th rank. Virat Kohli and MS Dhoni are the only Sportspersons who made it to the top 10 list.
  13. Name the writer who has been selected for Sahitya Akademi Award 2018 under novel category in Hindi language?
    1) Inderjeet Kesar
    2) Anees Salim
    3) Chitra Mudgal
    4) Mushtaq Ahmed
    5) None of these
    Answer & Explanation
    Answer – 3) Chitra Mudgal
    Explanation:
    On December 6, 2018, the Sahitya Akademi announced its annual Sahitya Akademi Awards in 24 languages. It consists of 7 books of poetry, 6 novels, 6 short stories, 3 of literary criticism and 2 of essays.
    LanguageTitle of Work and GenreWinner
    AssameseKailoir Dinto Amar Hobo (Poetry)Sananta Tanti
    BengaliSrikrishner Sesh Kata Din (Story)Sanjib Chattopadhyay
    BodoDwngse Lama (Short Stories)Rituraj Basumatary
    DogriBhagirath (Novel)Inderjeet Kesar
    EnglishThe Blind Lady’s Descendants (Novel)Anees Salim
    GujaratiVibhajanni Vyatha (Essays)Sharifa Vijliwala
    HindiPost Box No-203-Naala Sopara (Novel)Chitra Mudgal
    KannadaAnushreni Yajamanike (Literary Criticism)K. G. Nagarajappa
    KashmiriAakh (Short Stories)Mushtaq Ahmad Mushtaq
    KonkaniChitralipi (Poetry)Paresh Narendra Kamat
    MaithiliParineeta (Short Stories)Bina Thakur
    MalayalamGurupournami (Poetry)S. Ramesan Nair
    ManipuriNgamkheigee Wangmada (Short Stories)Budhichandra Heisnamba
    MarathiSarjanprerana ani Kavitwashodh (Literary Criticism)Ma. Su. Patil.
  14. Which writer has been selected for Sahitya Akademi Award 2018 under Poetry category in Sanskrit language?
    1) Sananta Tanti
    2) Paresh Narendra Kamat
    3) S Ramesan Nair
    4) Dr Rama Kant Shukla
    5) None of these
    Answer & Explanation
    Answer – 4) Dr Rama Kant Shukla
    Explanation:
    On December 6, 2018, the Sahitya Akademi announced its annual Sahitya Akademi Awards in 24 languages. It consists of 7 books of poetry, 6 novels, 6 short stories, 3 of literary criticism and 2 of essays.
    LanguageTitle of Work and GenreWinner
    NepaliKina Royeu Upamaa (Short Stories)Loknath Upadhyay Chapagain
    OdiaPrashanga Puruna Bhabana Nua (Literary Criticism)Dasarathi Das
    PunjabiKone Da Suraj (Poetry)Mohanjit
    RajasthaniKavita Devai Deeth (Poetry)Rajesh Kumar Vyas
    SanskritMama Janani (Poetry)Rama kant Shukla
    SantaliMarom (Novel)Shyam Besra ‘Jiwi Rarec’
    SindhiJia Mein Taandaa (Poetry)Khiman U. Mulani
    TamilSanchaaram (Novel)S. Ramakrishnan
    TeleguVimarshini (Essay)Kolakaluri Enoch
    UrduRohzin (Novel)Rahman Abbas
  15. Who was elected to the Asia Pacific seat on the Committee on Economic, Social and Cultural Rights (CESCR) of the United Nations for 4 years, on 6th December 2018?
    1) Preeti Saran
    2) Chandrashekhar Dasgupta
    3) Raghuram Sivan
    4) Vinay Khosla
    5) None of these
    Answer & Explanation
    Answer –  1) Preeti Saran
    Explanation:
    On December 6, 2018, Former senior Indian diplomat Preeti Saran has been elected to the Asia Pacific seat on the Committee on Economic, Social and Cultural Rights (CESCR) of the UN for 4 years. This election was done by the UN’s Economic and Social Council (ECOSOC). Saran has been appointed as a member to the 18-member committee of experts that monitors the implementation of the International Covenant on Economic, Social and Cultural Rights (ICESR). The appointment would be effective from January 1, 2019 and she would replace 3 time elected former Indian diplomat, Chandrashekhar Dasgupta. Prior to this, she had retired as the External Affairs Ministry Secretary (East). During her 36-year diplomatic career, Ms Saran had also served as the ambassador to Vietnam and was a minister and a counsellor at India’s mission to the UN in Geneva. She has also served her term at Moscow, Dhaka, Cairo, Geneva and was the Consul General of India at Toronto.
  16. Name the Indian-origin lawyer who became the first woman to be appointed as the National Director of South Africa’s National Public Prosecutions (NDPP), on 5th December 2018?
    1) Urmila Singh
    2) Ruhi Wadia
    3) Shamila Batohi
    4) Anita Gupta
    5) None of these
    Answer & Explanation
    Answer –  3) Shamila Batohi
    Explanation:
    On 5th December 2018,Indian-origin lawyer Shamila Batohi has been appointed as the National Director of South Africa’s National Public Prosecutions (NDPP), a statutory body that investigates high-level criminal matters in the country. She is the first woman to occupy the post. Shamila Batohi will replace the previous prosecutor, Shaun Abrahams who has been accused by the opposition and rights groups of shielding former president Jacob Zuma from corruption charges during his nine years in office. She will start her new role in February 2019.
  17. Nand Kishore and ____ were appointed as Nominee Directors of (IL&FS) Infrastructure Leasing & Financial Service Investment Managers, on 6th December 2018?
    1) Randeep Singh
    2) Kaushik Modak
    3) Akash Mehra
    4) Ajit Dubey
    5) None of these
    Answer & Explanation
    Answer – 2) Kaushik Modak
    Explanation:
    On December 6, 2018, IL&FS Investment Managers board approved appointment of Nand Kishore and Kaushik Modak as additional directors in the company. They have been appointed to the board in the capacity of nominee directors of Infrastructure Leasing & Financial Service (IL&FS).
  18. Who was appointed as the new government nominee on private sector ICICI Bank, on 5th December 2018?
    1) Lalit Kumar
    2) Madhav Narayanan
    3) Akhil Pandey
    4) Sanjay Pandit
    5) None of these
    Answer & Explanation
    Answer – 1) Lalit Kumar
    Explanation:
    On December 5, 2018, the government appointed Lalit Kumar, a 1995-batch Indian Economic Service (IES) officer as the new government nominee on private sector ICICI Bank. He is currently an Economic Advisor in the department of financial services of the finance ministry. He would replace Lok Ranjan, who has been laterally transferred to Department of Personnel and Training (DOPT). Lalit Kumar had also worked with the insurance regular (Insurance Regulatory Development Authority of India) as an executive director and financial adviser.
  19. Which city has been officially confirmed as the host city of the 2023 International Association of Athletics Federations (IAAF) World Championships?
    1) Nairobi, Kenya
    2) Budapest, Hungary
    3) New Delhi, India
    4) Islamabad, Pakistan
    5) None of these
    Answer & Explanation
    Answer – 2) Budapest, Hungary
    Explanation:
    On 4th December 2018, the Hungarian capital Budapest was officially confirmed as the host city of the 2023 International Association of Athletics Federations (IAAF) World Championships. The decision in this regard was taken at the IAAF Council meeting held in Monaco. The World Championships will return to Europe after a six year hiatus following Doha, Qatar in 2019 and Eugene, USA in 2021. The 2017 IAAF World Championships was held at London, England. Beside athletics, Budapest has recently hosted, the World Wrestling Championships in 2018 and has been awarded the title of European Capital of Sport for 2019.
  20. Who became the fastest cricketer to take 200 Test wickets breaking an 82-year-old record, on 6th December 2018?
    1) Rohit Sharma
    2) Yasir Shah
    3) Rashid Khan
    4) Will Somerville
    5) None of these
    Answer & Explanation
    Answer – 2) Yasir Shah
    Explanation:
    On 06th December 2018, Pakistan’s leg-spinner Yasir Shah became the fastest cricketer to take 200 Test wickets breaking an 82-year-old record, beating Australian leg-spinner Clarrie Grimmett’s record of 36 Tests set against South Africa in Johannesburg in 1936. Yasir achieved this by taking New Zealand’s batsman Will Somerville wicket in Abu Dhabi.
  21. Jayaraman passed away in Chennai, Tamil Nadu, on 6th December 2018. He was a renowned ____?
    1) Pianist
    2) Agriculturalist
    3) Singer
    4) Actor
    5) None of these
    Answer & Explanation
    Answer – 2) Agriculturalist
    Explanation:
    On 06th December 2018, noted agriculturalist Jayaraman, who pioneered the protection and propagation of indigenous paddy varieties in Tamilnadu, passed away in Chennai. Hailing from Thiruthuraipoondi, in the heart of Tamil Nadu’s delta rice bowl, Jayaraman has been credited with documenting and protecting more than 170 paddy varieties. His diligent work in the field of protecting the gene prototypes of indigenous paddy varieties won him the National Award in 2015 and a state award in 2011.

STATIC GK based on Current Affairs

  1. Where is Tadoba Andheri Tiger Reserve located?
    Answer
      Maharashtra
  2. Name the MD & CEO and headquarters of Federal Bank?
    Answer
      MD & CEO – Shyam Srinivasan; Headquarters – Aluva, Kerala
  3. President of Sahitya Akademi is _____?
    Answer
      Chandrashekhar Kambar
  4. What is the tagline of ICICI Bank?
    Answer
      Hum Hain Na!
  5. Name the Chairman and headquarters of HDFC ERGO General Insurance Company?
    Answer
     Chairman – Mr. Deepak S. Parekh; Headquarters – Mumbai
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