AffairsCloud brings you the complete and important daily current affairs April 12 2018 Quiz to achieve more marks in Banking , Insurance, UPSC, SSC, CLAT , Railway and all other competitive Exams. We have prepared the current affairs quiz from our current affairs today updates.
- Union Ministry of Corporate Affairs has set up a 12-member panel to review the enforcement of Corporate Social Responsibility (CSR) provisions under the Companies law and to recommend a uniform approach for its enforcement. Who is the head of this panel?
5.None of theseAnswer – 1.Manmohan Juneja
Union Ministry of Corporate Affairs has set up a 12-member panel to review the enforcement of Corporate Social Responsibility (CSR) provisions under the Companies law and to recommend a uniform approach for its enforcement. The panel is headed by Manmohan Juneja – Regional Director (Western Region) while Seema Rath – Deputy Director (CSR) will be the convener. Other members include Sanjay Shorey – Joint Director (Legal) and N K Dua – Joint Director (Policy) N K Dua. Representatives from apex bodies of chartered accountants, cost accountants and company secretaries will also be a part of this panel. Besides, there will be two sub-committees — legal and technical – which will examine various aspects of compliance with CSR provisions. It is to be noted that Under the Companies Act, 2013, profitable entities falling under specified categories are required to spend at least two per cent of their three-year annual average net profit towards CSR activities. This norm came into force on April 1, 2014.
- On April 12, 2018, Indian Space Research Organisation (ISRO) successfully launched the ____ navigation satellite aboard the Polar Satellite Launch Vehicle (PSLV)-C41?
5.None of theseAnswer – 3.IRNSS-1I
On April 12, 2018, Indian Space Research Organisation (ISRO) successfully launched the IRNSS-1I navigation satellite aboard the Polar Satellite Launch Vehicle (PSLV)-C41. PSLV-C4 carrying IRNSS-1I was launched from Satish Dhawan Space Centre located at Sriharikota in Andhra Pradesh. IRNSS-1I is part of Indian satellite navigation system ‘Navigation with Indian Constellation’ (NavIC) that was earlier known as Indian Regional Navigation Satellite System (IRNSS). NavIC is an independent regional navigation satellite system designed to provide position information in the Indian region and 1500 km around the Indian mainland. It is being referred to as Indian ‘GPS’. Till now, 52 Indian satellites and 237 customer satellites from abroad have been successfully launched aboard PSLV.
- Where did the tenth edition of India’s mega defence exhibition, DefExpo 2018 begin on April 11, 2018?
3.Vishakapatnam, Andhra Pradesh
5.None of theseAnswer – 2.Thiruvidanthai, Chennai
Tenth edition of India’s mega defence exhibition, DefExpo 2018 began at Thiruvidanthai (on the outskirts of Chennai) on April 11, 2018. DefExpo 2018 was formally inaugurated by Prime Minister Narendra Modi on April 12, 2018. This exhibition of weapons and military hardware showcases India’s defence manufacturing capabilities to the world. Live demonstrations, flying display and seminars on weapons and military hardware will be held during the course of this four-day event. 670 defence firms, including 154 foreign manufacturers and delegations from US, UK, Russia, France, Israel, Korea, Sweden, are participating in DefExpo 2018. Indian Navy’s warships like INS Kamorta and INS Sahyadri will dock at Chennai harbour as a part of Defence Expo 2018. These ships will be open to the general public for visiting on 13th & 15th of April, 2018. Theme of DefExpo 2018 is “India: The Emerging Defence Manufacturing Hub”. It has been organised over 2.90 lakh square feet space at Thiruvidanthai and is thus described as the “largest” to be conducted so far.
- Massive Multiple-Input Multiple-Output (MIMO) technology lab, India’s first-of-its-kind 5G radio laboratory will be inaugurated at Indian Institute of Technology (IIT) ____ on April 13, 2018?
5.None of theseAnswer – 3.Delhi
Massive Multiple-Input Multiple-Output (MIMO) technology lab, India’s first-of-its-kind 5G radio laboratory will be inaugurated at Indian Institute of Technology (IIT) Delhi on April 13, 2018. The Massive MIMO Technology Lab has been set up at the Bharti School of Telecommunication Technology and Management, at IIT Delhi. This 5G base station prototype will be used for developing a complete 5G base station, which can lead to the manufacturing of 5G base stations in India in near future. Most important feature of Massive MIMO is the deployment of several antennas as compared to only a few antennas in 3G/4G. Having several antennas improves system power efficiency, as the mobile terminals would be required to radiate ten times lesser power than in 3G/4G systems. This consequentially reduces interference to other radio systems and also reduces possible effects of exposure to radiation on human health.
- Where was the 16th International Energy Forum Ministerial (IEF16) Meeting held on 10th -12th April 2018?
4.Riyadh, Saudi Arabia
5.None of theseAnswer – 5.None of these; New Delhi, India
16th International Energy Forum Ministerial (IEF16) Meeting was held on 10th -12th April 2018 in New Delhi. This meeting was hosted by India and co-hosted by China and South Korea. IEF16 was the largest gathering of Energy Ministers from across the globe. From the Indian side, the ministerial was attended by Union Petroleum and Natural Gas Minister Dharmendra Pradhan. Along with Energy Ministers from across the globe, the event also brought together, industry leaders and heads of key international organizations to debate the future of global energy. Discussions at this meeting revolved around how global shifts, transition policies and new technologies influence market stability and future investment in the energy sector.
- What rank has India secured out of 180 countries on 2018 Index of Economic Freedom published by the Heritage Foundation, an American think-tank?
5.None of theseAnswer – 2.130
India has ranked 130th out of 180 countries on 2018 Index of Economic Freedom published by the Heritage Foundation, an American think-tank. Economic Freedom in the context of this index, refers to a free society, wherein individuals are free to work, produce, consume and invest in any way they please and governments allows free movement of labour, capital, and goods. Index of Economic Freedom is an annual index and ranking which was first created in 1995. The economic freedom is measured by assessing the countries of on 12 quantitative and qualitative factors placed under four broad categories/pillars of economic freedom viz. Rule of Law (property rights, government integrity, judicial effectiveness), Government Size (government spending, tax burden, fiscal health), Regulatory Efficiency (business freedom, labour freedom, monetary freedom) Open Markets (trade freedom, investment freedom, financial freedom). Data considered for 2018 Index of Economic Freedom covers the second half of 2016 through the first half of 2017.
Highlights of 2018 Index of Economic Freedom:
India’s 130th rank on 2018 Index of Economic Freedom marks a jump of 13 spots as compared to 143rd rank in 2017. For 2018 edition, India’s economic freedom score was 54.5, registering an improvement of 1.9 points as compared to previous year. The year-on-year improvement has been largely attributed to business freedom, judicial effectiveness, government integrity and fiscal health. India ranked 30th among the 43 countries in the Asia-Pacific region and its overall score was below the regional and world averages. Heritage Foundation has outlined that India is perceived to be moving into an open-market economy. Despite of high economic growth, corruption, a restrictive and burdensome regulatory environment, underdeveloped infrastructure and poor financial and budget management continue to undermine overall development. Among India’s prominent neighbours, China ranked 110th while Pakistan ranked 131st. Hong Kong topped the index with Economic Freedom Score of 90.2.
2018 Index of Economic Freedom – Top 10:
1 Hong Kong
3 New Zealand
- India has signed a MoU with Timor-Leste (East Timor) in which of the following fields recently?
5.None of theseAnswer – 1.Public Health
India has signed a memorandum of understanding (MoU) with Timor-Leste (East Timor) in the field of public health to extend affordable healthcare to its people. This MoU was signed during India’s Minister of State for Social Justice and Empowerment, Krishan Pal Gurjar’s four-day visit to Timor Leste from 7th– 10th April 2018. This MoU between India and Timor-Leste was being discussed for more than five years. India has even offered to share its expertise with Timor-Leste in matching information technology with healthcare through Tele-medicine.
- India and Morocco have signed a MoU in the field of ____ for a period of 5 years?
1.Metals and Infrastructure
2.Mining and Geology
5.None of theseAnswer – 2.Mining and Geology
India and Morocco have signed a MoU (Memorandum of Understanding) in the field of Mining and Geology for a period of 5 years. The MoU envisages strengthening geological research and evaluation of the potential of mineral resources, development of the geological infrastructure for Geoscience Maps and geochemical maps and promoting exploration and mining through participation of both public & private sector. On April 11, 2018, Aziz Rabbah, Minister of Energy, Mines and Sustainable Development of Kingdom of Morocco held discussions in this regard with Union Mines Minister, Narendra Singh Tomar in New Delhi. Mr. Singh informed Aziz Rabbah that Geological Survey of India is willing to assist Morocco in geological mapping and mineral exploration.
- Which country recently approved a bill guaranteeing equal pay for men and women with a vision to bring more females into its workforce?
4.United Arab Emirates
5.None of theseAnswer – 4.United Arab Emirates
With a vision to bring more females into its workforce, United Arab Emirates’ cabinet approved a bill guaranteeing equal pay for men and women. This decision is a part of UAE Government efforts to narrow the gender gap. In context of this news, it is important to note that UAE ranked 120 out of 144 countries overall in the 2017 World Economic Forum’s Global Gender Gap Report. Once this bill gets final approval from UAE’s Federal National Council, it will be instrumental in empowerment of Emirati Women, ensure the protection of their rights and support their role in the national development process.
- Where was the world’s first long-distance electric bus line service started on April 12, 2018?
4.California, United States
5.None of theseAnswer – 3.Paris, France
World’s first long-distance electric bus line began service on April 12, 2018 in Paris, France. This bus line has been presented by Flixbus, a brand which offers intercity bus service in Europe. It will link Paris to France’s northern city of Amiens, undertaking a 160 kilometres journeywithin two hours. This 49-seater bus has a maximum travel range of 250 kilometres. Its batteries can be fully charged in 5 hours.
- On 11th April 2018, NABARD (National Bank for Agriculture and Rural Development) announced that, it has aimed to raise its long-term on-lending or refinance portfolio to ____ in the current fiscal year in a move to improve rural economy?
1.Rs 40,000 crore
2.Rs 80,000 crore
3.Rs 90,000 crore
4.Rs 70,000 crore
5.None of theseAnswer – 2.Rs 80,000 crore
On 11th April 2018, NABARD (National Bank for Agriculture and Rural Development) announced that, it has aimed to raise its long-term on-lending or refinance portfolio to nearly Rs 80,000 crore in the current fiscal year in a move to improve rural economy. NABARD’s on-lending in 2017-18 was Rs 65,000 crore. NABARD earned a surplus of Rs 2,951 crore for the fiscal year that ended in March 2018. It has planned to raise Rs 40,000 crore from the bond borrowing. Its borrowing was Rs 33,000 crore in 2017-18. It has been one of the top three borrowers in the market. NABARD’s balance sheet grew 17 % to Rs 4.06 lakh crore in the fiscal year that ended in March 2018, against Rs 3.48 lakh crore in FY17. Loans and advances increased 15 % to Rs 3.54 lakh crore in the period compared to Rs 3.08 lakh crore in the same period that ended in March 2017. Its long-term refinance was Rs 1,22,688 crore, up 17 per cent in the fiscal 2018, compared to Rs 1,05,209 crore.
- Reserve Bank of India (RBI) has imposed a penalty of ____ on IDBI Bank for non-compliance with the outlined norms related to reporting of bad loans?
1.Rs. 3 crore
2.Rs. 2 crore
3.Rs. 5 crore
4.Rs. 4 crore
5.None of theseAnswer – 1.Rs. 3 crore
Reserve Bank of India (RBI) has imposed a penalty of Rs. 3 crore on IDBI Bank for non-compliance with the outlined norms related to reporting of bad loans. RBI said that, the penalty was imposed on account of non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms. Notification regarding this stated that, this penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the aforesaid directions issued by the RBI. RBI said that, this action is based on deficiencies in regulatory compliance, and not intended to affect validity of any transaction or agreement entered into by the bank with its customers.
- Asian Infrastructure Investment Bank (AIIB) has approved USD $ 140-Million loan to improve the rural road connectivity and management for residents in which state of India?
5.None of theseAnswer – 2.Madhya Pradesh
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) have approved USD $ 140-Million loan to improve the rural road connectivity and management for residents in Madhya Pradesh, India, at a Meeting held recently in Beijing, China. Nearly, 1.5 Million rural people of Madhya Pradesh will be benefited from improved livelihoods, education and mobility offered through this project. This project is co-financed by the World Bank. It aims to improve the rural road connectivity and management for residents of nearly 5,640 villages. Activities planned under this project are:
• Upgrading the gravel surfaced roads to a sealed surface standard
• Creating additional linkages to villages with potential for high growth
• Improving institutional capacity through implementing/upgrading a rural road asset management system and strengthening design and research and quality assurance capacity of the implementation agency
• Developing road safety management capacity with road accident data management system and piloting a comprehensive road safety program
• Supporting design, implementation and management
AIIB Director General of Investment Operations SupeeTeravaninthorn said that this Project will ensure sustainable and safe last-mile connectivity to small villages and enhance mobility of rural Madhya Pradesh. He added that the project will improve economic development in Madhya Pradesh and enhance the livelihoods of especially rural women and girls.
- Who has been appointed as the new Flag Officer, Indian Coast Guard (West Region)?
5.None of theseAnswer – 2.Vijay Chafekar
On 10th April 2018, Inspector General Vijay Chafekar took charge as the new Flag Officer, Indian Coast Guard (West Region) from IG K.R. Nautiyal. K.R. Nautiyal has been promoted as Additional Director General and ICG Commander, Eastern Seaboard. The Indian Coast Guard (ICG) – West consists of an important area that stretches to the outer limits of Exclusive Economic Zone from the coasts of Maharashtra, Goa, Karnataka, Kerala, Daman and Diu and Lakshadweep. Vijay Chafekar has an M.Phil. in Defence and Strategic Studies. Earlier, he was Deputy Director (Policy and Plans) at the ICG Headquarters, New Delhi. He has received Tatrakshak Medal and the President’s Tatrakshak Medal.
- Name the person who has been re-appointed as MD & CEO of Bandhan Bank?
3.Chandra Shekhar Ghosh
5.None of theseAnswer – 3.Chandra Shekhar Ghosh
Chandra Shekhar Ghosh has been re-appointed as managing director and CEO of Bandhan Bank for a three year term from 10thJuly 2018. Chandra Shekhar Ghosh’s re-appointment is subject to regulatory clearances. It was approved by Bandhan Bank board recently. Bandhan Bank was listed on 27 March 2018. Mr. Chandra Shekhar Ghosh was appointed to this post in July 2015. Bandhan Bank had recently announced the resignation of its part-time, non-executive chairman Ashoke Kumar Lahiri.
- Former deputy governor at Reserve Bank of India (RBI) ____ has joined Bandhan Bank board?
1.Harun Rasid Khan
2. Harun Amir Khan
5.None of theseAnswer – 1.Harun Rasid Khan
Former deputy governor at Reserve Bank of India (RBI), Harun Rasid Khan, has joined Bandhan Bank board. Harun Rasid Khan joined the board of Bandhan Bank two weeks ago. He has replaced PK Saha in Bandhan Bank board. He had headed RBI’s vision on payment system. He had handled financial market, foreign exchange, financial inclusion, etc. in RBI. He served as deputy governor of RBI from 2011 to 2016.
- Who has been appointed as the next Ambassador of India to the Republic of Korea?
5.None of theseAnswer – 2.Sripriya Ranganathan
On 11th April 2018, Sripriya Ranganathan was appointed as the next Ambassador of India to the Republic of Korea. Sripriya Ranganathan is an Indian Foreign Service Officer (IFS) of 1994 batch. She is at present Joint Secretary in the Ministry of External Affairs. She has been appointed as the next Ambassador of India to the Republic of Korea. She will take up the new assignment soon.
- On 12th April 2018, former DoPT (Department of Personnel and Training) Secretary ____ was appointed the Chairman of Banks Board Bureau (BBB) by the government?
1.Bhanu Pratap Sharma
2.Himanta Biswa Sharma
3.Sajan Kumar Singh
5.None of theseAnswer – 1.Bhanu Pratap Sharma
On 12th April 2018, former DoPT (Department of Personnel and Training) Secretary Bhanu Pratap Sharma was appointed the Chairman of Banks Board Bureau (BBB) by the government. Bhanu Pratap Sharma succeeds Vinod Rai. Vinod Rai was appointed as the first chairman of BBB for a period of two years. Financial Services Secretary Rajiv Kumar said that, Bhanu Pratap Sharma will be given the same mandate as that of Vinod Rai. Bhanu Pratap Sharma has been appointed for a two year term. Other members of the BBB are:
• Vedika Bhandarkar (former MD Credit Suisse India)
• P Pradeep Kumar (former MD SBI)
• Pradip P Shah (founder MD Crisil)
- On 9th April 2018, scientists said that, a jawbone fossil found at a beach in southwestern England, belongs to ____, one of the biggest marine animals on record?
5.None of theseAnswer – 2.Ichthyosaur
On 9th April 2018, scientists said that, a jawbone fossil found at a beach in southwestern England, belongs to “Ichthyosaur”, one of the biggest marine animals on record. Ichthyosaur appears to be the largest marine reptile discovered so far. It had lived 205 million years ago at the end of the Triassic Period. The bone named surangular was part of its lower jaw. Scientists have estimated the length of new ichthyosaur to be around 66 to 85 feet (20 to 26 meters). Fossil collector Paul de la Salle found the bone in 2016 at Lilstock on England’s Somerset coast along the Bristol Channel. Only today’s filter-feeding baleen whales are considered to be larger than the Ichthyosaur. Ichthyosaur is believed to have belonged to an ichthyosaur group called shastasaurids. The research has been published in the journal PLOS ONE.
- When was the International Day of Human Space Flight & World Aviation and Cosmonautics Day celebrated in various places of the world?
5.None of theseAnswer – 1.April 12
On 12th April 2018, International Day of Human Space Flight & World Aviation and Cosmonautics Day was celebrated in various places of the world.
World Aviation & Cosmonautics Day:
On 12th April 1961 Yuri Gagarin of the Soviet Union, performed the first manned flight to the space on a “Vostok-1” spaceship. Russia and some other former USSR countries celebrate 12th April as Cosmonautics Day since 1962.
International Day of Human Space Flight:
In 2011, the UN general assembly declared 12 April as the International Day of Human Space Flight commemorating Yuri Gagarin’s first manned flight to the space on a “Vostok-1” spaceship. This day is celebrated to remember the important contribution of space science and technology in achieving sustainable development goals.
STATIC GK based on Current Affairs
- Name the MD & CEO and headquarters of Federal Bank?MD & CEO – Shyam Srinivasan, Headquarters – Aluva, Kerala
- Where is Birla Science Museum located?Hyderabad, Telangana
- What is the tagline of Bank of India?Relationship beyond banking
- Which state houses the Panambur Port?Karnataka
- Who is the President of Asian Infrastructure Investment Bank (AIIB) headquartered in Beijing, China?Jin Liqun