Current Affairs Quiz: October 4 2018

AffairsCloud brings you the complete and important daily Current Affairs October 4 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. Union Cabinet approved the Second Protocol amending the Comprehensive Economic Cooperation Agreement (CECA) between India and which country, on 4th October 2018?
    1) Malaysia
    2) Qatar
    3) Singapore
    4) Germany
    5) None of these
    Answer & Explanation
    Answer – 3) Singapore
    Explanation:
    On October 4, 2018, the Union Cabinet chaired by Prime Minister Shri Narendra Modi approved to the Second Protocol amending the Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore. The CECA was signed on 24th August 2018. It will enhance bilateral trade and will deepen the Economic Cooperation between India and Singapore.
  2. Government cut excise duty on petrol and diesel by _____ rupees, on 4th October 2018?
    1) Rs. 1.50
    2) Rs. 2.50
    3) Rs. 3.00
    4) Rs. 5.00
    5) None of these
    Answer & Explanation
    Answer – 2) Rs. 2.50
    Explanation:
    On 4th October 2018, the Government cut excise duty on petrol and diesel by Rs 2.50. The government and oil companies will absorb the price cut by Rs 1.50 and Rs 1 respectively. Union Finance Minister Arun Jaitley has also urged the state governments to reduce Value Added Tax (VAT) on fuel by another Rs 2.50.
  3. What is India’s rank in the 2018 Government E-Payments Adoption Ranking (GEAR), compiled by The Economist Intelligence Unit commissioned by payments company Visa?
    1) 12
    2) 15
    3) 28
    4) 56
    5) None of these
    Answer & Explanation
    Answer – 3) 28
    Explanation:
    On October 4, 2018, in the 2018 Government E-Payments Adoption Ranking (GEAR), compiled by The Economist Intelligence Unit commissioned by payments company Visa ranked India as 28th country to progress in the digital transformation journey. The survey is a 73-country ranking survey with Norway leading the pack followed by France and Denmark. India moved up to 28th in 2018, from 36th in 2011. It holds the top ranking on B2G and G2B, and comes third on C2G jointly with Argentina. India leads the B2G category, along with other countries like Australia, Singapore and South Korea.
  4. World Health Organization (WHO) has launched its first Global Guidelines on Sanitation and Health to bring successful changes in sanitation by which year?
    1) 2020
    2) 2030
    3) 2025
    4) 2035
    5) None of these
    Answer & Explanation
    Answer – 2) 2030
    Explanation:
    On October 1, 2018, to bring successful changes in sanitation by 2030, World Health Organization (WHO) launched its first Global Guidelines on Sanitation and Health. According to estimation, for every US$ 1 invested in sanitation a nearly six-fold return can be expected. Thus, by adopting the guidelines, countries can reduce the 829 000 annual diarrhoeal deaths due to unsafe water, sanitation and hygiene.
  5. Asian Development Bank (ADB) signed a _____ dollar loan agreement with India for continuation of sewage and water treatment in Kolkata, on 3rd October 2018?
    1) $100 million
    2) $ 200 million
    3) $ 150 million
    4) $ 250 million
    5) None of these
    Answer & Explanation
    Answer – 1) $100 million
    Explanation:
    On October 3, 2018, Asian Development Bank (ADB) signed a $100 million loan agreement with India for continuation of sewage and water treatment in Kolkata. This was a 3rd and final tranche loan under the $400 Million Multi Tranche facility, Kolkata Environmental Improvement Investment Program. This will be implemented under Kolkata Municipal Corporation (KMC).
  6. Name the instant loan approval and disbursal product launched by MobiKwik, on 3rd October 2018?
    1) Insta Loan
    2) Boost
    3) Quick Loan
    4) Express
    5) None of these
    Answer & Explanation
    Answer – 2) Boost
    Explanation:
    On October 3, 2018, MobiKwik launched an instant loan approval and disbursal product called ‘Boost’. As per the offer, loans of upto Rs 60,000 can be sanctioned as well as disbursed in a matter of 90 seconds. The approval time for the loan would be 30 seconds based on an innovative risk scoring model called ‘Mobiscore’. The minimum amount of loans that can be approved is for Rs. 5000 and the users will have the option to transfer the amount in their bank accounts. They can pay the loan in easy monthly installments of 6-9 months.
  7. George Smith, Gregory Winter and _____ won the Nobel Chemistry Prize, on 3rd October 2018?
    1) Smitha George
    2) Fiona Prentice
    3) Frances Arnold
    4) Michelle Gallaghar
    5) None of these
    Answer & Explanation
    Answer – 3) Frances Arnold
    Explanation:
    On 3rd October 2018, US scientists Frances Arnold and George Smith and British researcher Gregory Winter won the Nobel Chemistry Prize. They were awarded the Nobel Chemistry Prize for applying the principles of evolution to develop enzymes used to make various items from biofuels to pharmaceuticals. Frances Arnold is the 5th woman to win the Nobel Chemistry Prize. She received half of the 9 million Swedish kronor (nearly USD 1.01 million) award. George Smith and Gregory Winter shared the other half. The three scientists used the same principles of evolution: genetic change and selection, to develop proteins.
  8. Who has been named the richest Indian for the 11th consecutive year, as per the ‘Forbes India Rich List 2018’?
    1) Lakshmi Mittal
    2) Mukesh Ambani
    3) Kumar Mangalam Birla
    4) Shiv Nadar
    5) None of these
    Answer & Explanation
    Answer – 2) Mukesh Ambani
    Explanation:
    Mukesh Ambani has been named the richest Indian for the 11th consecutive year with a net worth of $47.3 billion, as per the ‘Forbes India Rich List 2018’. Reliance Industries’ Chairman Mukesh Ambani is also the biggest gainer of the year, with a gain of $9.3 billion to his wealth. Wipro Chairman Azim Premji has secured the 2nd position, with a wealth of $21 billion. ArcelorMittal Chairman and CEO Lakshmi Mittal is in 3rd spot with a net worth of $18.3 billion. Hinduja brothers occupy 4th position with net worth of $18 billion and Pallonji Mistry is at 5th spot with $15.7 billion.
  9. Which ministry was named the best department for its contribution to “Swachchta Pakhwada” under the “Swachchta Hi Seva” category of awards, on 2nd October 2018?
    1) Ministry of Finance
    2) Ministry of Agriculture and Farmers Welfare
    3) Ministry of Railways
    4) Ministry of Human Resource Development
    5) None of these
    Answer & Explanation
    Answer – 3) Ministry of Railways
    Explanation:
    On 2nd October 2018, Ministry of Railways was named the best department for its contribution to “Swachchta Pakhwada” under the “Swachchta Hi Seva” category of awards. This was declared in an inter-ministry initiative organised by the Ministry of Drinking Water and Sanitation to encourage cleanliness in government offices and health facilities. The award was presented to the Railway Ministry on the 4th anniversary of the Swachh Bharat Mission (October 2). ‘Swachchta Hi Seva’ campaign was launched in 2017 to promote the public to involve in building toilets and cleaning public places.
  10. Who took charge as the Executive Chairman of the National Legal Services Authority of India (NALSA), on 3rdOctober 2018?
    1) Madan Bhimarao Lokur
    2) Shivam Sircar
    3) Manjit Kaur
    4) Ramanathan S
    5) None of these
    Answer & Explanation
    Answer – 1) Madan Bhimarao Lokur
    Explanation:
    On 3rd October 2018, Madan Bhimarao Lokur took charge as the Executive Chairman of the National Legal Services Authority of India (NALSA). Madan Bhimarao Lokur was appointed to the post by President Ram Nath Kovind. He replaces Justice Ranjan Gogoi. Madan Bhimarao Lokur is a senior judge of the Supreme Court. He is 64 years old. He was the Additional Solicitor General of India from July 1998 to February 1999. He became an Additional Judge of Delhi High Court in February 1999. He was also Chief Justice of Gauhati High Court and Andhra Pradesh High Court. He became a Judge of the Supreme Court in 2012.
  11. Who took charge as the chief executive officer (CEO) of PepsiCo, on 3rd October 2018?
    1) Edward Collins
    2) Maria Roberts
    3) Ramon Laguarta
    4) Simon Wellington
    5) None of these
    Answer & Explanation
    Answer – 3) Ramon Laguarta
    Explanation:
    On 3rd October 2018, Ramon Laguarta took charge as the chief executive officer (CEO) of PepsiCo. Ramon Laguarta succeeds India-born Indra Nooyi, who was the CEO of PepsiCo for 12 years. Indra Nooyi will be chairman of PepsiCo till early 2019. Ramon Laguarta has served as President of PepsiCo since 2017. He has also been elected to PepsiCo’s Board of Directors with effect from October 3, 2018.
  12. Name the person who was appointed as the Chief Justice of Himachal Pradesh High Court, on 3rd October 2018?
    1) Justice Uma Shankar
    2) Justice Surya Kant
    3) Justice Gurjit Singh
    4) Justice Navya Sudeep
    5) None of these
    Answer & Explanation
    Answer – 2) Justice Surya Kant
    Explanation:
    On 3rd October 2018, Justice Surya Kant was appointed as the Chief Justice of Himachal Pradesh High Court. Justice Surya Kant was a judge in the Punjab and Haryana High Court. The post of Chief Justice in Himachal Pradesh High Court has been vacant since April 2017.
  13. Who resigned as MD and CEO (Managing Director & Chief Executive Officer) of ICICI Bank on 4th October 2018?
    1) Sandeep Bakshi
    2) Shikha Sharma
    3) Chanda Kochhar
    4) R Gandhi
    5) None of these
    Answer & Explanation
    Answer – 3) Chanda Kochhar
    Explanation:
    On 4th October 2018, ICICI Bank MD and CEO (Managing Director & Chief Executive Officer) Chanda Kochhar resigned from the post. Sandeep Bakhshi has been appointed as the new MD and CEO of ICICI Bank for a period of 5 years till October 3, 2023. Chanda Kochhar was on leave and is being investigated over alleged conflict of interest in deals with several customers of the bank including the Videocon Group. She joined ICICI Limited in 1984. In 2006-07, she led ICICI Bank’s corporate and international banking businesses.
  14. Which company acquired artificial intelligence (AI) service provider AuthMe ID Services, on 3rd October 2018?
    1) Wipro
    2) TCS
    3) Bharti Airtel
    4) Reliance Industries Ltd
    5) None of these
    Answer & Explanation
    Answer – 3) Bharti Airtel
    Explanation:
    On 3rd October 2018, Bharti Airtel acquired artificial intelligence (AI) service provider AuthMe ID Services. Bharti Airtel has not revealed the size of the deal. As part of the acquihire deal, the core team of AuthMe will join Airtel and will be part of Airtel X Labs in Bengaluru. Airtel has also acquired the intellectual property rights for two flagship solutions developed by AuthMe named “Callup AI” and “Fintech Optical Character Recognition”. Airtel X Labs were developed by Airtel to encourage innovation in AI, Internet of Things, Augmented Reality and Virtual Reality.

STATIC GK based on Current Affairs

  1. What is the tag line of ICICI Bank?
    Answer
       Hum Hai Na, Khyal Apka
  2. Where is Gorumara National Park located?
    Answer
      West Bengal
  3. Who is the governor of Assam?
    Answer
       Jagdish Mukhi
  4. Who is the CEO of MobiKwik?
    Answer
      Bipin Preet Singh
  5. Name the capital and currency of Russia?
    Answer
      Capital – Moscow; Currency – Russian Ruble