October 10, 2017 - Current Affairs Quiz - Current Affairs MCQ

Answer – 2. Gujarat
Explanation
Gujarat state government announced a 4 per cent reduction in VAT (Value Added Tax) on petrol and diesel. It has thereby become the first state to cut VAT on fuel. On account of this decision, petrol will get cheaper by Rs 2.93 and diesel by Rs 2.72 across Gujarat from the midnight of Oct11th and 12th .

Answer – 5. Water and Energy for Inclusive Growth
Explanation
Theme of India Water Week 2017 is ‘Water and Energy for Inclusive Growth’. It is held from 10thto 14thOctober, 2017. India Water Week 2017 is a platform to discuss ideas with global-level decision makers, politicians, researchers and entrepreneurs in the field of water resources for mutual benefit.

Answer – 1. Himachal Pradesh
Explanation
Himachal Pradesh government implemented the Senior Citizen Health Insurance Scheme (SCHIS), in Shimla. SCHIS has been introduced to provide easy access to curative old age related health care services through additional cover. The scheme would increase coverage of Rs.30,000 per senior citizen to all existing Rashtriya Swasthya Bima Yojna (RSBY) smart card holders.This would be in addition to the basic coverage of Rs.30,000 in Trust and Society mode.

Answer – 5. Yoga for Wellness
Explanation
Vice President, Mr.M.Venkaiah Naidu inaugurated the two days ‘International Conference on Yoga for Wellness’ at Pravasi Bharatiya Kendra, Chanakyapuri, New Delhi. This is the 3rdInternational Conference on Yoga organized by the Ministry of AYUSH. About 500 delegates, including 69 from overseas countries attended the conference.

Answer – 1. Vishakhapatnam
Explanation
Andhra Pradesh Chief Minister Mr.N.Chandrababu Naidu inaugurated a two days International Blockchain Business Conference, at Fintech Valley Vizag, in Vishakapatnam. The International Blockchain Business Conference is hosted by Fintech Valley Vizag. It is hosted with the support from Ministry of Electronic and IT. This will connect government bodies, startups and corporates working on Blockchain technologies to create more business and investment opportunities. It will have sessions on Blockchain in banking, insurance and capital markets.

Answer – 5. 2 &3
Explanation
Reserve Bank of India (RBI) panel on an external benchmark rate for banks headed by Janak Raj, Principal adviser of Monetary Policy Department has submitted its report. As per the report, several disconcerting banking practices, including violation of the RBI guidelines, inflating of base rate and arbitrary adjustment of spreads are prevalent among major banks in India.

Answer – 3. ICICI bank
Explanation
As a part of its Corporate Social Responsibility initiative, ICICI Bank has committed a financial assistance of Rs 10 crore to the Indian Armed Forces, which will be utilised for welfare activities and betterment of the families of ex-servicemen who have lost their lives on duty.

Answer – 3. Vinay Mohan Kwatra
Explanation
Vinay Mohan Kwatra is an Indian Foreign Service (IFS) Officer of the batch 1988.He is presently Ambassador of India to France. He has been concurrently (at the same time) appointed as the next Ambassador of India to the Principality of Monaco. His residence is in Paris. He is expected to take up the assignment shortly.

Answer –1. Vinit Kumar
Explanation
Indian Railway Service of Electrical Engineers (IRSEE) officer, Vinit Kumar, took over as full-time Chairman of Kolkata Port Trust. For almost 18 months, Vizag Port Trust chairman M T Krishna Babu was in charge of Kolkata Port Trust (KoPT) in an interim arrangement. Kumar is an IRSEE officer of 1993 batch. Before taking up his new role, Kumar was Chief Electrical Engineer in Mumbai Railway Vikas Corporation Ltd and was looking after the World Bank-funded Mumbai Urban Transport Project.

Answer – 4. 10
Explanation
SpaceX launches 10 satellites for Iridium mobile network. These 10 satellites are part of Iridium satellite constellation which provides voice and data coverage to satellite phones, pagers and integrated transceivers over the Earth’s entire surface. The Iridium constellation is spread around the globe in six orbital planes, and thereby provides worldwide coverage.

Answer – 5. Russia
Explanation
The Indian pair Ningthoujam and Bhakat, defeated their Russian opponents by 6-2 in the finals.Jemson Ningthoujam and Ankita Bhakat pair won the recurve team gold medal. This mixed team gold is India’s fourth World Archery Champion title across all disciplines. Ningthoujam also won a silver medal along with Shukmani Gajanan Babrekar and Atul Verma at the recurve junior men’s team event.

Answer – 3. YO-YO
Explanation
In a bid to make India Cricket team one of the fittest sides in world cricket, the Board of Control for Cricket in India (BCCI) has made it mandatory for cricketers to pass the ‘yo-yo’ endurance test. In a yo-yo test, players have to pace themselves to and fro between two rows of cones kept 20 metres apart. For every round the player has to sync his sprint with the beeps that are played. Duration between beeps progressively shorten as the test proceeds.

Answer – 4.golf player
Explanation
Indian golfer 28-year-old Ajeetesh Sandhu won Asian Tour title at the USD 500,000 Yeangder Tournament Players Championship (TPC) at Taipei.

Answer – 3. Lewis Hamilton
Explanation
Lewis Hamilton of Mercedes finished the race 1.2 seconds ahead of Red Bull’s Max Verstappen.Another motorist from Red Bull, Daniel Ricciardo finished third.

Answer – 2. Union Ministry of Science and Technology
Explanation
Central Government has received 260 applications from foreign scientists for Visiting Advanced Joint Research (VAJRA) Faculty scheme. Out of these 260 applications, 70 will be shortlisted for this year. VAJRA Faculty scheme is a pilot project by the Department of Science and Technology (Under Union Ministry of Science and Technology) which was launched in May 2017.

Answer – 2. Post offices
Explanation
Government approved Rs 2,000 crore to set up Aadhaar units in post offices, with an aim to gradually phase out private contractors from the data collection process in Aadhaar enrolment. This decision has been taken as Government received several complaints against private vendors such as petty corruption and attempted frauds. Moreover Supreme Court too had highlighted reports of alleged leakage of Aadhaar data.

Answer – 5. Shashi Tharoor
Explanation
The Standing Committee on External Affairs headed by Shashi Tharoor, Congress member of the Lok Sabha, was formed to examine the India-China relations.
This committee will examine the issue of cooperation between India and China in international organisations. This move has been made after Congress Vice-President Rahul Gandhi demanded Prime Minister Narendra Modi to explain the resumed road-construction by the Chinese near the Doklam plateau.

Answer – 4. Bangalore
Explanation
The Bangalore International Airport Limited (BIAL) has planned to make Kempegowda International Airport (KIA) as India’s first airport to have complete Aadhaar-enabled entry and biometric boarding system. The process would verify a passenger within 5 seconds at every checkpoint, completing the screening process in 10 minutes compared to the average 25 minutes.

Answer – 3. Maharashtra
Explanation
Maharashtra ranks as the leading Indian tourism source market for Australia. According to the data compiled by Tourism Australia, Maharashtra contributed to a growth of 18 % in tourist entries and 41 % in spend for the year ended in June 2017. Maharashtra was followed by Delhi with 32,000 travelers, then by Karnataka (30,000), Tamil Nadu (20,000), Punjab (18,000) and Gujarat (17,000).

Answer – 1. Marginal Cost of Funds Based Lending Rate
Explanation
Marginal Cost of Funds Based Lending Rate (MCLR), introduced by RBI from April 1, 2016 is the minimum interest rate of a bank below which it cannot lend. MCLR was introduced to replace the base rate mechanism. However only around 40 per cent of the corporate portfolio and one-fourth of retail portfolio are currently under the MCLR regime.

Answer – 5. Less cashExplanation
Digital Dhan Sankalp project, is an initiative to develop Visakhapatnam into India’s first ‘less cash’ city. The range of digital payment services included under the project are payment of water and property tax at Greater Visakhapatnam Municipal Corporation (GVMC), bus services run by Andhra Pradesh State Road Transport Corporation (APSRTC), iconic tourist locations at Visakhapatnam Urban Development Authority (VUDA), and utility services of Eastern Power Distribution Company of AP Ltd (EPDCL). These services are now accessible to 90% of population in Visakhapatnam.

Answer – 5. Ahmed El Sheikh
Explanation
Shivakumar, the former CEO has been replaced by Ahmed El Sheikh, Senior Vice President and General Manager for PepsiCo Egypt and Jordan. Ahmed will take charge as PepsiCo Chairman on 1st November, 2017. Shivakumar will stay with PepsiCo till 31stDecember 2017 as part of the transition process. Ahmed, who held leadership roles in both foods and beverages businesses, led the Egypt business previously.

Answer – 2. Mumbai
Explanation
Headquarters – Mumbai. Rural financial institution National Bank for Agriculture and Rural Development (NABARD) has bought an additional 7% stake in Small Industries Development Bank of India (SIDBI) for Rs900 crore from IDBI Bank Ltd. This is the largest investment made by NABARD so far.

Answer – 1. China
Explanation
China launched a remote sensing VRSS-2 satellite for Venezuela from the Jiuquan Satellite Launch Center in Gobi desert. VRSS -2 Satellite was launched by China’s Long March-2D carrier rocket. Venezuela will use this satellite for environmental protection and disaster monitoring, as well as land resources inspection, crop yield estimation and city planning.

Answer – 3. Iceland
Explanation
Iceland, the smallest county, has qualified to participate in FIFA World Cup 2018 by defeating Kosovo by 2-0 in the finals. Iceland finished the group with 22 points from their 10 games. Iceland would participate in its first finals of FIFA World Cup 2018, in Russia. It was a remarkable achievement for a country which has a population of about 3,50,000. Iceland team is coached by part-time dentist Heimir Hallgrimsson. Iceland’s seven wins in the group included all five of their home matches. It has defeated previous World Cup semi-finalists Croatia and Turkey.

Answer – 1. 10th oct
Explanation
On 10th October 2017, the World Day against the Death Penalty is observed all over the world. The theme for World Day against the Death Penalty 2017 is ‘the death penalty and poverty’. The World Day against the Death Penalty aims at raising awareness about the reasons why people living in poverty are at a greater risk of being sentenced to death and executed.

Answer – ‘Mental health in the workplace’
Explanation
On 10th October 2017, World Mental Health Day is observed all over the world. Mental health in the workplace’ is the theme of World Mental Health Day 2017. Its objective is to raise awareness of mental health issues and mobilize efforts in support of better mental health. World Mental Health Day was first celebrated in 1992. It is observed on 10 October every year.