Current Affairs Quiz – January 6 2016

Current Affairs Quiz

1. The government of India has reduced export duty on________.
a) Aluminium
b) Iron ore pellets
c) Wheat
d) Kerosene

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Answer b) Iron ore pellets. The government of India has reduced export duty on iron ore pellets to zero from 5 percent, a move that will make the commodity more competitive amid subdued demand and weakening prices. In 2014, the government had levied a 5 percent export duty on iron ore pellets, which are value-added products of leftover material or low-grade iron ore and are used in steel-making.

2.Tata Trusts has joined hands for agri development with_________.
a) Global foods
b) Agri business and food industries
c) Bamboo food
d) Mars

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Answer d) Mars. Tata Trusts, India’s oldest philanthropic organisation, along with the $33 billion foods giant Mars Inc will invest in the country’s agri-food sector. The two will work together on agriculture development, malnutrition reduction and food safety improvement in Asia’s third-largest economy.

3. Ratan Tata recently invested in a startup_________.
a) Freshdesk
b) Shopexn
c) cube 26
d) Tracxn

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Answer d) Tracxn. Top industrialist Ratan Tata has invested an undisclosed amount in startup research platform Tracxn. Tracxn was started in 2013 by ex-investors Neha Singh and Abhishek Goyal.

4. Which state Government launched e-Vahan Bima Insurance scheme?
a) Telangana
b) Tamil Nadu
c) Karnataka
d) Mahrashtra

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Answer a) Telangana. Government of Telangana has launched e-Vahan Bima Scheme to issue motor insurance policy in digital form. The scheme was launched by Information Technology Minister K T Rama Rao in the presence of T S Vijayan, Chairman of Insurance Regulatory Development Authority (IRDA).

5. India has signed an MoU with which country in the field of Civil Aviation?
a) Singapore
b) China
c) Malaysia
d) Pakistan

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Answer a) Singapore. The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its ex-post facto approval for signing a Memorandum of Understanding (MoU), which was signed in November, 2015 between Airports Authority of India (On behalf of Government of India) and Singapore Cooperation Enterprise (On behalf of Government of Singapore) in Civil Aviation during Prime Minister’s visit to Singapore.

6. Nitin Gadkari inaugurates the first River Information System of India in________.
a) Hyderabad
b) New Delhi
c) Mumbai
d) Assam

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Answer b) New Delhi. Union Minister of Shipping, Road Transport and Highways Nitin Gadkari inaugurated the River Information System (RIS) System in New Delhi. The first of its kind in India, the new system will facilitate safe and accurate navigation on National Waterway 1 on the Ganges River. RIS is being implemented under the overall responsibility of Inland Waterway Authority of India, a statutory body administered by the Ministry of Shipping.

7. GOI approves closure of________ Watches.
a) Casio
b) Maxima
c) HMT
d) None

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Answer c) HMT. The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for offering attractive VRS/VSS packages at 2007 pay scales to mitigate the hardships being faced by the employees of HMT Watches Ltd., HMT Chinar Watches Ltd. and HMT Bearings Ltd. and close their operations.

8.Sri Lanka and which country has agreed to expand FTA?
a) China
b) Nepal
c) India
d) Pakistan

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Answer d) Pakistan. Sri Lanka and Pakistan have agreed on the inclusion of services and investment in the bilateral free trade agreement. This would help companies of the two nations to form joint ventures for exports to other nations.

9. __________conducted ‘successful’ hydrogen bomb test.
a) South Korea
b) North Korea
c) USA
d) America

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Answer b) North Korea. North Korea has announced that it had successfully carried out its first hydrogen bomb test, a development that, if confirmed, would marking a stunning step forward in its nuclear development. The surprise test was personally ordered by North Korean leader Kim Jong-Un and came just two days before his birthday. Only last month, during remarks made during an inspection tour, Kim had suggested Pyongyang had already developed a hydrogen bomb.

10. Saudi Arabia cut off diplomatic ties with which Country?
a) Iran
b) Iraq
c) Syria
d) Afghanistan

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Answer a) Iran. Saudi Arabia has cut off diplomatic ties with Iran following the storming of its embassy in Tehran. Iran’s envoy has been given 48 hours to quit the Saudi kingdom. The escalating row between the rival Middle East powers over Saudi Arabia’s execution of a Muslim Shia cleric has caused alarm in the US and triggered a jump in the price of oil. It’s feared the diplomatic rupture between Sunni-ruled Saudi Arabia and Shia-ruled Iran may snowball across the Middle East where the two powers back opposing sides in many destructive wars.

11. India has recently signed an MoU with which Country?
a) Iran
b) Bangladesh
c) Syria
d) Afghanistan

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Answer b) Bangladesh. The Union Cabinet, chaired by the Prime Minister Narendra Modi has given its ex-post-facto approval for the Memorandum of Understanding (MoU) between India and Bangladesh.

12. Which city in India is to Get India’s First Space Park?
a) Mumbai
b) Bengaluru
c) Delhi
d) Indore

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Answer b) Bengaluru. The Indian space agency is soon opening a 100-acre Space Park in Bengaluru where private industry players would be allowed to set up facilities to make subsystems and components for satellites.

13. Five Minor planets named after __________scientists.
a) American
b) Indian
c) Chinese
d) None of these

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Answer c) Chinese. A total of five minor planets have been named after top Chinese scientists, including the country’s first Nobel laureate scientist Tu Youyou. The naming was suggested by the National Astronomical Observatories of the Chinese Academy of Sciences (CAS) and approved by the International Astronomical Union (IAU) Minor Planet Center (MPC). Chinese vice premier Liu Yandong awarded scientists certificates at the ceremony.

14.Which Company gets CCI nod to acquire Goldman Sach’s fund arm?
a) Golden Capital
b) Geetanjali Gold
c) Muthoot finance
d) Reliance Capital

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Answer d) Reliance Capital.Reliance Capital Asset Management, part of the Anil Ambani-led group, said it has got the Competition Commission of India’s (CCI) nod for acquiring Goldman Sachs’s onshore business in India like mutual funds and exchange-traded funds. In October 2015, Reliance Capital Asset Management had said it is acquiring Goldman Sachs’s onshore asset management business for Rs 243 crore ($37.5 million) in an all-cash deal.

15.Andhra Bank launches ________ for money transfer.
a) IMPS
b) Paytm
c) Mobiwiki
d) None

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Answer a) IMPS.Andhra Bank has launched Immediate Payment Service (IMPS) at all its branches in association with the National Payments Corporation of India (NPCI). A multi-channel, multi-dimensional platform, IMPS makes payments possible within fraction of seconds with all the standards and integrity maintained for security.

16. Cabinet approves creation of a Credit Guarantee Fund for_____loans/
a) MUDRA
b) Gold
c) House
d) None

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Answer a) MUDRA. The Union Cabinet, chaired by the Prime Minister Narendra Modi has given its approval for the creation of a Credit Guarantee Fund for Micro  Units  Development  Refinance  Agency  (MUDRA)  loans and to convert MUDRA Ltd. into MUDRA Small  Industries  Development  Bank  of  India (SIDBI)  Bank as a wholly owned subsidiary of SIDBI. The Fund is expected to guarantee more than Rs 1,00,000 crore worth of loans to micro and small units in the first instance.

17. Which cricketer’s 281 voted the best Test knock in last 50 years?
a) Kapil Dev
b) Saurav Ganguly
c) Rahul Dravid
d) VVS Laxman

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Answer d) VVS Laxman. VVS Laxman’s historical innings of 281 against Australia at the Eden Gardens in Kolkata has been rated as the greatest Test performance of the last 50 years. The honour was accorded to the Hyderabad stylist’s fabulous series-turning knock after India trailed by 274 runs on the first innings, by his fellow-players, commentators and journalists in a poll published in the January issue of ESPN’s digital magazine the Cricket Monthly.

18. _________to receive prestigious Four Freedoms Award?
a) Michelle Obama
b) Angela Merkel
c) Vladmir Putin
d) Sonia Gandhi

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Answer b) Angela Merkel. German Chancellor Angela Merkel has been named as this year’s recipient of a prestigious international award, with organizers lauding her “great moral leadership” in Germany and pivotal role in tackling the crises buffeting Europe. The Dutch-based Roosevelt Foundation says Merkel will receive the International Four Freedoms Medal at a ceremony in April.

19.Who took over as Director General Border Roads (DGBR)?
a) Lieutenant General Suresh Rana
b) Lieutenant General Suresh Sharma
c) Lieutenant General Manish Sharma
d) Lieutenant General Samay Sharma

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Answer b) Lieutenant General Suresh Sharma. Lieutenant General Suresh Sharma has taken over as the 24th Director General Border Roads (DGBR). Before taking over as Director General Border Roads, he was holding the appointment of Director General Combat Engineers at Army HQ.

20. Name the Mumbai Cricketer who  has become the first batsman to score 1000-plus runs in an innings in any form of cricket.
a) Pranav Dhanawade
b) Praveen Gupta
c) Paras Sharma
d) Salil Dhananjay

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Answer a) Pranav Dhanawade. Pranav Dhanawade, a Mumbai Cricketer, has become the first batsman to score 1000-plus runs in an innings in any form of cricket. Batting against Arya Gurukul School in a Bhandari Cup match, Pranav reached 1000 runs in just 323 balls.

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