Current Affairs Quiz , 27 Aug 2019

1) Mitra is an impact-based crater named after noted Indian physicist Sisir Kumar Mitra. It is located in

a) Moon
b) Venus
c) Titan
d) Venus

Answer: a
• On 23 August, Chandrayaan-2 captured images of various craters on the moon while passing over its north polar region. Of the various craters, it spotted one called ‘Mitra’.

2) 45th Annual G7 Summit is being held in the French town of Biarritz. Which among the following countries is/are not a member of G7?

a) Australia
b) China
c) Russia
d) All of the above

Answer: d
• Members are Canada, France, Germany, Italy, Japan, the United Kingdom, the United States

3) Recently formed, Advisory Board for Banking Frauds is constituted by

a) Reserve Bank of India
b) Central Vigilance Commission
c) Enforcement Directorate
d) Ministry of Finance

Answer: b
• It is constituted by Central Vigilance Commission (CVC)
• It would also periodically carry out frauds analysis in the financial system and give inputs for policy formulation related to the fraud to the RBI.

4) Which among the following are not one of the features of Hydrocarbon Exploration and Licensing Policy (HELP)?

a) Revenue Sharing Contract
b) Single Licence for exploration and production
c) Single Licence for conventional & unconventional Hydrocarbon resources
d) None of the above

Answer: d
• All of them are features of HELP

5) Reserve Bank of India (RBI) has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government. This is in accordance with recommendations of panel headed by

a) Bimal Jalan
b) Shanta Kumar
c) N K Singh
d) None of the above

Answer: a
• The excess reserve transfer is in line with the recommendation of former RBI governor Bimal Jalan-led panel constituted to decide size of capital reserves that the central bank should hold. The government was represented by Finance Secretary Rajiv Kumar in the panel which finalised its report on August 14 by consensus.