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Daily Current Affairs Quiz: 1ST March 2018

Daily Current Affairs Quiz: 1ST March 2018

Daily Current Affairs Quiz: 1ST March 2018

The AchieversRule Team has brought a new set of questions on Daily Current Affairs Quiz: 1ST March 2018. The questions are from different sections of National Affairs, International Affairs, Schemes, Ranking, Banking and other kinds of sections. Candidates should go through the Current Affairs and Quiz questions for better knowledge of the subject. All the answers and proper explanation has been provided along with each question. You may also like the Current Affairs Updates.

Q1.Which bank has partnered with Ripple for global payments solutions?

[A] HDFC Bank
[B] IndusInd Bank
[C] SBI
[D] Canara Bank
[E] None of these

Show Answer

Correct Answer: B [ IndusInd Bank ]
Explanation:

IndusInd Bank announced its partnership with Ripple, the enterprise blockchain solution for global payments, to facilitate payments into and out of India..

Q2. What will be the growth of India according to Moody's ratings?

[A] 7.5%
[B] 7.9%
[C] 7.6%
[D] 7.2%
[E] None of these

Show Answer

Correct Answer: C [7.6%]
Explanation:

Moody's Investors Service today estimated that India will grow 7.6 per cent in calendar year 2018 and 7.5 per cent in 2019, amid signs of economic recovery from impact of demonetisation and GST.

Q3. How much did Cabinet approve for 'champion sectors'?

[A] 5,000-crore
[B] 6,000-crore
[C] 4,000-crore
[D] 3,000-crore
[E] None of these

Show Answer

Correct Answer: A [ 5,000-crore ]
Explanation:

An action plan for 12 champion services sector identified by the ministry of commerce and industry for special focus has received Cabinet approval. A Rs 5,000-crore fund is proposed to be established to activate the plan for realising their full potential.

Q4. Where has the first Mega Food Park in the state of Maharashtra come up?

[A] Village Degaon
[B] Village Degar
[C] Village Deogar
[D] Village Dewan
[E] None of these

Show Answer

Correct Answer: A [Village Degaon]
Explanation:

The first Mega Food Park in the state of Maharashtra at Village Degaon, District Satara will be inaugurated tomorrow the 1st March, 2018 by Smt. Harsimrat Kaur Badal.

Q5. What is the Core sector growth in January 2018?

[A] 6.5%
[B] 6.7%
[C] 6.4%
[D] 6.2%
[E] None of these

Show Answer

Correct Answer: B [ 6.7%]
Explanation:

According to index of eight core industries released by Ministry of Commerce and Industry, Core sector growth has grown at faster pace of 6.7% in January 2018 against 3.4% in January 2017.

Q6. Which country has been added to the (Grey List) of the Financial Action Task Force

[A] Afghanistan
[B] Bangladesh
[C] Pakistan
[D] India
[E] None of these

Show Answer

Correct Answer: C [Pakistan]
Explanation:

Pakistan has confirmed that it will be added on ‘grey list’ of the Financial Action Task Force (FATF) in June 2018.

Q7. Where has India’s first Aviation Multi Skill Development Centre established?

[A] Chandigarh
[B] Delhi
[C] Kolkata
[D] Bangalore
[E] None of these

Show Answer

Correct Answer: A [Chandigarh ]
Explanation:

India’s first Aviation Multi Skill Development Centre (MSDC) was launched at Chandigarh Airport’s old terminal.

Q8. RBI raises currency derivative trading limit to __________

[A] 100 million dollar
[B] 200 million dollar
[C] 300 million dollar
[D] 10 million dollar
[E] None of these

Show Answer

Correct Answer: A [100 million dollar]
Explanation:

Currency futures trading received a boost on Monday after the Reserve Bank of India raised the position limit for trading in currency derivatives on stock exchanges, for both resident and non-resident Indians, to $100 million across all currency pairs involving the rupee.

Q9. Name the Indigenously developed Anti-Tank Guided Missile in desert conditions.

[A] Hath
[B] Prithvi
[C] Nag
[D] Druv
[E] None of these

Show Answer

Correct Answer: C [ Nag]
Explanation:

Indigenously developed Anti-Tank Guided Missiles (ATGM) Nag was successfully test-fired in desert conditions against two tank targets at different range

Q10. Who is the chairman of the Defence Acquisition Council (DAC)?

[A] Radha Mohan Singh
[B] Nirmala Sitharaman
[C] Jairam Gadkari
[D] Ramvilas Paswan
[E] None of these

Show Answer

Correct Answer: B [Nirmala Sitharaman ]
Explanation:

The Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman has approved various procurement proposals for LMGs and CQB carbines, High-capacity radio relay (HCRR), Pollution control vessels (PCV) estimated at about Rs. 9,435 crore.

Q11. A MOU has been signed between India and _______ cooperation in the field of Health & Medical Science.

[A] UK
[B] Jordan
[C] U.S.
[D] Japan
[E] None of these

Show Answer

Correct Answer: B [Jordan]
Explanation:

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for signing of a Memorandum of Understanding (MoU) between India and Jordan on cooperation in the field of Health & Medical Science.

Q12. Which bank has partnered with Celebrus Capital Ltd to offer CSB’s customers online trading and demat services?

[A] Catholic Syrian Bank Ltd
[B] HSBC
[C] Bank of America
[D] IndusInd Bank
[E] None of these

Show Answer

Correct Answer: A [Catholic Syrian Bank Ltd]
Explanation:

Catholic Syrian Bank ties up with Celebrus Capital for online trading services. With this partnership, CSB’s customers can open a Celebrus trading account free of cost and also enjoy preferred rates on brokerage charges/ AMC fees on the demat account.

Q13. The 27th Technological Conference of Indian Jute Industries' Research Association on Shaping the Future of Jute has been held in ___________

[A] Kolkata
[B] Delhi
[C] Jaipur
[D] Chennai
[E] None of these

Show Answer

Correct Answer: A [Kolkata]
Explanation:

Union Textile Minister Smriti Irani today attended the 27th Technological Conference of Indian Jute Industries' Research Association on Shaping the Future of Jute in Kolkata..

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