Current Affairs Quiz: October 1 2018

AffairsCloud brings you the complete and important daily Current Affairs October 1 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. Where did Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship, Dharmendra Pradhan inaugurate the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative to promote Compressed Bio-Gas usage, on 1st October 2018?
    1) Kolkata
    2) Mumbai
    3) Hyderabad
    4) New Delhi
    5) None of these
    Answer & Explanation
    Answer – 4) New Delhi
    Explanation:
    On October 1, 2018, Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship, Shri Dharmendra Pradhan inaugurated the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative. Its objective is to boost availability of more affordable transport fuels with better usage of agricultural residue, cattle dung and municipal solid waste. It was launched as a part of Swachhta Hi Seva movement. During this launch, the PSU Oil Marketing Companies (OMCs ,i.e. IOC, BPCL and HPCL) invited Expression of Interest (EoI) from potential entrepreneurs to set up Compressed Bio-Gas (CBG) production plant. These plants would provide available CBG for use in automotive fuels.
  2. Where was the 9th IBSA Trilateral Ministerial Commission held on 27th September 2018?
    1) New York, United States
    2) New Delhi, India
    3) Johannesburg, South Africa
    4) London, United Kingdom
    5) None of these
    Answer & Explanation
    Answer – 1) New York, United States
    Explanation:
    On September 27, 2018, External Affairs Minister Sushma Swaraj attended the 9th IBSA Trilateral Ministerial Commission in New York, United States. It was convened by Minister of Foreign Affairs Aloysio Nunes Ferreira Filho. Another participant of the meeting was Minister of International Relations and Cooperation of the Republic of South Africa, Ms. Lindiwe Sisulu. This was the third meeting in the last one year among the nations. The Ministers exchanged views on various issues of global significance, including peace, security, countering terrorism, Development Cooperation and South-South Cooperation. They agreed to continue to coordinate on South-South Cooperation in the run up to BAPA+40 events.
  3. Reserve Bank of India announced injection of _____ rupees into the system through purchase of government bonds, on 1st October 2018?
    1) Rs 36,000 crore
    2) Rs 24,000 crore
    3) Rs 42,000 crore
    4) Rs 52,000 crore
    5) None of these
    Answer & Explanation
    Answer – 1) Rs 36,000 crore
    Explanation:
    On October 1, 2018, Reserve Bank of India announced injection of Rs.36,000 crore into the system through purchase of government bonds. Its objective is to meet the festival season demand for funds. The auctions to purchase government bonds will be as part of the Open Market Operations (OMO) to help manage liquidity. It would take place in the second, third and fourth week of October.
  4. Punjab National Bank (PNB) has increased its Marginal Cost of funds based Lending rate (MCLR) for the short-term loans by up to ____ % with effect from 1st October 2018?
    1) 0.2 %
    2) 0.5 %
    3) 1.5 %
    4) 2.5 %
    5) None of these
    Answer & Explanation
    Answer – 1) 0.2 %
    Explanation:
    On October 1, 2018, Punjab National Bank (PNB) increased its benchmark lending rates or MCLR for the short-term loans by up to 0.2 per cent. The rate hike comes ahead of monetary policy review announcement on October 5. The changes are effective from October 1. The new changes are:
    Tenors Previous rate in per cent Increased rate in percent
    Overnight 7.9 8.2
    One Month 8.05 8.10
  5. International Finance Corporation (IFC) the finance arm of World Bank approved investment of _____ dollars in India Resurgence Fund (IRF), on 1st October 2018?
    1) $ 100 million
    2) $ 126 million
    3) $ 250 million
    4) $ 450 million
    5) None of these
    Answer & Explanation
    Answer – 1) $ 100 million
    Explanation:
    On October 1, 2018, International Finance Corporation (IFC) the finance arm of World Bank approved investment of $ 100 million in India Resurgence Fund (IRF). India Resurgence Fund (IRF) is a joint venture of Parimal Enterprise Limited and Bain Capital. The fund originally needs a total of $300 million and each of the partner organizations have invested $100 million each. This fund would help in investing in restructuring of balance sheets of important organizations linked to infrastructure and consumption. These include buying assets in cement, steel and power. It is also looking to invest in hospitals, pharma, chemicals, paper, hotels and auto components.
  6. State Bank of India (SBI) has reduced the withdrawal limit from Rs. 40,000 to ____ rupees per day with effect from October 31, 2018?
    1) Rs 10,000
    2) Rs 20,000
    3) Rs 15,000
    4) Rs 30,000
    5) None of these
    Answer & Explanation
    Answer – 2) Rs 20,000
    Explanation:
    On October 1, 2018, SBI halved the withdrawal limit from Rs. 40,000 to Rs. 20,000 per day. This was targeted for debit cards of the ‘Classic’ and ‘Maestro’ platfroms. The main objective in doing so was to reduce the number of fraudulent transactions and promote cashless transactions. This move would be effective form October 31, 2018 as according to Banking Codes & Standards Board of India (BCSBI) guidelines, at least 30 days’ notice has to be given to customers for any change in terms and conditions or charges.
  7. _____ approved micro-insurance disbursal through point-of-sales (PoS) on 1st October 2018?
    1) Reserve Bank of India (RBI)
    2) Life Insurance Corporation of India (LIC)
    3) General Insurance Company (GIC)
    4) Insurance Regulatory and Development Authority of India (IRDAI)
    5) None of these
    Answer & Explanation
    Answer – 4)  Insurance Regulatory and Development Authority of India (IRDAI)
    Explanation:
    On October 1, 2018, Insurance regulator Insurance Regulatory and Development Authority of India(IRDAI) approved micro-insurance disbursal through point-of-sales (PoS). IRDAI created a special category of insurance policies called micro-insurance policies which would be disbursed via the POS terminals. These would help in promoting insurance coverage among economically vulnerable sections of society. The products would include: Life, General and Health insurance.
  8. Which stock exchange has launched 2 dynamic asset allocation indices namely Nifty 50 & short duration debt –Dynamic P/E index and Nifty 50 & short duration debt – Dynamic P/B index?
    1) National Stock Exchange (NSE)
    2) Bombay Stock Exchange (BSE)
    3) Calcutta Stock Exchange (CSE)
    4) Indian Stock Exchange (ISE)
    5) None of these
    Answer & Explanation
    Answer – 1) National Stock Exchange (NSE)
    Explanation:
    On October 1, 2018, National Stock Exchange (NSE) launched 2 dynamic asset allocation indices designed to combine equity and debt. These indices are:
    • Nifty 50 & short duration debt –Dynamic P/E index and
    • Nifty 50 & short duration debt – Dynamic P/B index.
    The indices compare the current price-earnings ratio (P/E) or price-book ratio (P/B) with historical P/E or P/B ratio of Nifty 50 in the previous seven years. In these indices, the maximum allocation to equity is 80 per cent and minimum allocation is 65 per cent. This will help fill the gap due to the absence of a relevant benchmark for performance comparison of the popular dynamic asset allocation category offered by mutual funds in the country.
  9. Name the hockey player who has been selected for the Ekalabya Puraskar 2018?
    1) Lilima Minz
    2) Akash Sharma
    3) Pavithra Ranjan
    4) Sindhu Turadi
    5) None of these
    Answer & Explanation
    Answer – 1) Lilima Minz
    Explanation:
    On October 1, 2018, the Ekalabya committee selected Odia hockey player Lilima Minz for the prestigious Ekalabya Puraskar, 2018. The annual award comprises of a cash prize of Rs 5 lakh along with a citation. She represented the Indian senior team for the first time in 2011 during a four-nation tournament in Argentina. She also participated in the 2016 Summer Olympics and also won the gold medal Womens Hockey Asia Cup after a gap of 13 years in Japan on November 5, 2017. Apart from her, 2 other sportswomen would felicitated with the award. They are: weight lifter Jhili Dalabehera and Badminton player Rutuparna Panda.
  10. Name the Managing Director of Max Life Insurance who resigned from the company, on 1st October 2018?
    1) Rajesh Sud
    2) Karnam Agrawal
    3) Aman Mittal
    4) Suresh Wadwani
    5) None of these
    Answer & Explanation
    Answer – 1) Rajesh Sud
    Explanation:
    On October 1, 2018, the Managing Director of Max Life Insurance, Rajesh Sud resigned from the company. He will be replaced by CFO Prashant Tripathy with effect from January 1, 2019. He has spent 18 years in Max Life and completed his second five-year term as executive vice chairman and managing director of the company. He will continue to be the non-executive chairman Max Bupa and Max Skill-First till March 31, 2019. Also the current senior director and chief operations officer V Viswanand has been appointed the Deputy Managing Director of the company.
  11. Name the head of the new board of the Infrastructure Leasing & Financial Services (IL&FS) formed by National Company Law Tribunal (NCLT) to appoint chairman of IL&FS?
    1) Uday Kotak
    2) G.N. Bajpai
    3) G.C. Chaturvedi
    4) Malini Shankar
    5) None of these
    Answer & Explanation
    Answer – 1) Uday Kotak
    Explanation:
    On October 1, 2018, Ministry of Corporate Affairs appealed the National Company Law Tribunal (NCLT) to change of the board and management control of Infrastructure Leasing & Financial Services (IL&FS). The NCLT has changed and appointed 6 members in its place in the board of the company. It is headed by Uday Kotak, MD of Kotak Mahindra Bank. Other members are: G.N. Bajpai, former Sebi chairman, G.C. Chaturvedi, chairman of ICICI Bank, Malini Shankar and Vineet Nayyar, retired IAS officers, and Nandkishore, veteran auditor. These new directors would decide on the chairman by 8 October. The new board would submit the response in the NCLT by 15 October and the tribunal would hear the matter further on 31 October.
  12. Who was elected the new President of Hockey India (HI), on 1st October 2018?
    1) Mohd Mushtaque Ahmad
    2) Gyanendro Ningombam
    3) Asima Ali, Bhola Nath Singh
    4) Rajinder Singh
    5) None of these
    Answer & Explanation
    Answer – 1) Mohd Mushtaque Ahmad
    Explanation:
    On 1st October 2018, Mohd Mushtaque Ahmad was elected the new President of Hockey India (HI). Earlier, Mohd Mushtaque Ahmad was the Secretary General of HI. He replaces Rajinder Singh. Other appointments:
    • Gyanendro Ningombam – Senior Vice President
    • Asima Ali, Bhola Nath Singh – Vice Presidents
    • Rajinder Singh – Secretary General
    • Tapan Kumar Das – Treasurer
    • Firoz Ansari, Asunta Lakra – Joint Secretary
  13. Who was appointed Director-General of the Railway Protection Force (RPF) on 29th September 2018?
    1) Dharmendra Kumar
    2) Arun Kumar
    3) Ganga Prasad
    4) Varun Kumar
    5) None of these
    Answer & Explanation
    Answer – 2) Arun Kumar
    Explanation:
    On 29th September 2018, Arun Kumar was appointed Director-General of the Railway Protection Force (RPF). Arun Kumar replaces Dharmendra Kumar. Arun Kumar is a 1985 batch IPS (Indian Police Service) officer of the Uttar Pradesh cadre. He is Special Director-General of the Border Security Force (BSF). He has served as Joint Director of the Central Bureau of Investigation (CBI).
  14. Who took charge as the new Member (Rolling Stock), Railway Board and ex-officio Secretary to the Government of India, on 28th September 2018?
    1) Pawan Kumar
    2) Rajesh Agrawal
    3) Anwesh Kumar
    4) Sanjay Bhattacharya
    5) None of these
    Answer & Explanation
    Answer – 2) Rajesh Agrawal
    Explanation:
    On 28th September 2018, Rajesh Agrawal took charge as the new Member (Rolling Stock), Railway Board and ex-officio Secretary to the Government of India. Rajesh Agrawal belongs to the 1980 batch of Indian Railways Services of Mechanical Engineering (IRSME). Earlier, he was General Manager of Modern Coach Factory at Raebarely. He is an author of All Indian Railways World Heritage Sites Inscriptions. He has received awards like Gold Medals in IE (India)’81, NAIR’85, GM’95, Hindi-Board’s Award’88, UNESCO Best Project ’07 Barker Robbins Prize etc.
  15. Who has resigned as Managing Director (MD) and Chief Executive Officer (CEO) of IDBI Bank?
    1) Mahesh Kumar Jain
    2) B Sriram
    3) Prathik Chawla
    4) Rangaraj Pandey
    5) None of these
    Answer & Explanation
    Answer – 2) B Sriram
    Explanation:
    B Sriram has resigned as Chief Executive Officer (CEO) and Managing Director (MD) of IDBI Bank. He became MD and CEO of IDBI bank in June 2018 replacing Mahesh Kumar Jain. B Sriram, was previously the Managing Director at State Bank of India. IDBI Bank is yet to select its new MD and CEO.
  16. Minerva-II-1 rovers of which country have sent first video images from the surface of asteroid Ryugu?
    1) China
    2) United States
    3) Japan
    4) Russia
    5) None of these
    Answer & Explanation
    Answer – 3) Japan
    Explanation:
    Japan’s two Minerva-II-1 rovers have sent first video images from the surface of asteroid Ryugu. Japan Aerospace Exploration Agency (JAXA) has released a 15-frame clip and new photographs taken by the two Minerva-II-1 rovers. The rovers were deployed by unmanned spacecraft Hayabusa2 about 60 metres on to Ryugu’s surface after a 3.5 year journey. Ryugu is 280 million km away from Earth. This is the world’s first moving, robotic observation of an asteroid surface. The rovers can jump upto 15 m across the asteroid’s surface and stay airborne for 15 minutes.
  17. Which country launched its Centispace-1-s1 satellite on a Kuaizhou-1A low-cost solid-fuel carrier rocket, on 29thSeptember 2018?
    1) India
    2) Japan
    3) China
    4) United States
    5) None of these
    Answer & Explanation
    Answer – 3) China
    Explanation:
    On 29th September 2018, China launched its Centispace-1-s1 satellite on a Kuaizhou-1A low-cost solid-fuel carrier rocket from Jiuquan Satellite Launch Centre in China. This is the second commercial launch by the Kuaizhou-1A rocket. The Kuaizhou-1A rocket is a low-cost solid-fuel carrier rocket. It has high reliability and a short preparation period. It has been designed to launch low-orbit satellites upto 300 kg of weight. Kuaizhou-1A’s first launch was carried out in January 2017. It had sent 3 satellites into space. Kuaizhou-1A was developed by a rocket technology company under the China Aerospace Science and Industry Corporation (CASIC).
  18. Where was 2018 Hyundai Archery World Cup Final held on 29th and 30th September 2018?
    1) Cairo, Egypt
    2) Istanbul, Turkey
    3) Samsun, Turkey
    4) Seoul, South Korea
    5) None of these
    Answer & Explanation
    Answer – 3) Samsun, Turkey
    Explanation:
    On 29th and 30th September 2018, Samsun 2018 Hyundai Archery World Cup Final was held in Samsun, Turkey. South Korea topped the medal tally with: 3 gold, 1 silver and 1 bronze medals. Turkey came second with: 1 gold and 2 silver medals. India won 3 medals: 1 silver and 2 bronze. Indian medal winners are listed below:

    MedalWinnersEvent
    SilverAbhishek Verma, Jyothi SurekhaCompound’s Mixed Team event
    BronzeAbhishek VermaMen’s Compound individual event
    BronzeDeepika KumariRecurve Women’s Individual event
  19. Who won the Russian Grand Prix on 30th September 2018?
    1) Lewis Hamilton
    2) Valtteri Bottas
    3) Sebastian Vettel
    4) Daniel Riccardio
    5) None of these
    Answer & Explanation
    Answer – 1) Lewis Hamilton
    Explanation:
    On 30th September 2018, Mercedes’ Lewis Hamilton won the Russian Grand Prix in Russia. This was Lewis Hamilton’s 70th career win. Mercedes’ Valtteri Bottas finished in second position. He was followed by Ferrari’s Sebastian Vettel in third place.
  20. Who won the men’s singles title of the 2018 ATP Shenzhen Open (Tennis) that was held in Shenzhen, China, from 24 to 30 September 2018?
    1) Ben McLachlan
    2) Joe Salisbury
    3) Novac Djokovic
    4) Yoshihito Nishioka
    5) None of these
    Answer & Explanation
    Answer – 4) Yoshihito Nishioka
    Explanation:
    From 24 to 30 September 2018, 2018 ATP Shenzhen Open (Tennis) was held in Shenzhen, China. The 2018 ATP Shenzhen Open was a professional men’s tennis tournament. It was the 5th edition of the tournament. It was played on hard courts. Winners of the tournament are listed below:

    EventWinners
    SinglesYoshihito Nishioka (Japan)
    DoublesBen McLachlan (Japan), Joe Salisbury (United Kingdom)
  21. Malti Sharma passed away following a short term illness. What was her profession?
    1) Violinist
    2) Dancer
    3) Politician
    4) Scientist
    5) None of these
    Answer & Explanation
    Answer – 3) Politician
    Explanation:
    Former Uttar Pradesh minister and parliamentarian Malti Sharma passed away following a short term illness. She was 89 years old. She belonged to the BJP party. In 1977, she was elected to the Uttar Pradesh Assembly from Muzaffarnagar constituency. In 1994, she was elected to Rajya Sabha. She was a former junior minister in Uttar Pradesh.
  22. What was the theme of World Habitat Day celebrated on 1st October 2018?
    1) Respect your land
    2) Municipal Solid Waste Management
    3) Environmental Education: Importance and Role
    4) Fight against Deforestation
    5) None of these
    Answer & Explanation
    Answer – 2) Municipal Solid Waste Management
    Explanation:
    On 1st October 2018, World Habitat Day was observed all over the world. In 1985 United Nations General Assembly declared the first Monday of October as World Habitat Day. It was first celebrated in 1986. This day aims to highlight the state of our towns and cities, and on the fundamental right to adequate shelter. Theme for World Habitat Day 2018 is “Municipal Solid Waste Management”.
  23. When was World Vegetarian Day 2018 celebrated all over the world?
    1) September 29
    2) September 30
    3) October 1
    4) October 2
    5) None of these
    Answer & Explanation
    Answer – 3) October 1
    Explanation:
    On 1st October 2018, World Vegetarian Day was celebrated all over the world. In 1977, World Vegetarian Day was founded by the North American Vegetarian Society (NAVS). In 1978, it was endorsed by the International Vegetarian Union. This day aims to promote vegetarianism and highlights the ethical, environmental, health, and humanitarian benefits of a vegetarian lifestyle.
  24. What was the theme of International Day of Older Persons celebrated on 1st October 2018?
    1) Celebrating Older Human Rights Champions
    2) Older Champions: Moral Strength of the society
    3) Tribute to the older champions
    4) Older Champions: Pillars of the society
    5) None of these
    Answer & Explanation
    Answer – 1) Celebrating Older Human Rights Champions
    Explanation:
    On 1st October 2018, International Day of Older Persons was observed throughout the world. In 1990, the United Nations General Assembly declared 1st October as the International Day of Older Persons. It was first observed in 1991. It creates awareness on issues that affect the older persons like health issues and elder abuse. It is also appreciates the contributions of older people to the society. Theme: for International Day of Older Persons 2018 is “Celebrating Older Human Rights Champions.”

STATIC GK based on Current Affairs

  1. Where is Anshi National Park located?
    Answer
      Karnataka
  2. What is the tag line of State Bank of India (SBI)?
    Answer
      With you all the way, Pure Banking Nothing Else, The Nation’s banks on us
  3. Name the Chairman and headquarters of Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI)?
    Answer
      Chairman – Subhash Chandra Khuntia; Headquarters – Hyderabad
  4. Name the secretary general and headquarters of SAARC (South Asian Association for Regional Cooperation)?
    Answer
      Secretary-General – Amjad Hussain B. Sial; Headquarters – Kathmandu, Nepal
  5. Who is the governor of Himachal Pradesh?
    Answer
      Acharya Devvrat