1. The Union Cabinet has approved the establishment of NFRA to oversee auditors. What does ‘NFRA’ stands for?
Correct Answer: B [National Financial Reporting Authority]
Notes:
The Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). The NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013. The jurisdiction of NFRA for investigation of Chartered Accountants and their firms will be extended to the listed companies and large unlisted public companies. The Cabinet also gave nod to the Fugitive Economic Offenders Bill – 2018 to deal with those escaping overseas to avoid getting caught. The Bill will help in laying down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian Courts. According to Union Finance ministry, the economic offences worth Rs 100 crore or more will come under the purview of the Bill.
The Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). The NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013. The jurisdiction of NFRA for investigation of Chartered Accountants and their firms will be extended to the listed companies and large unlisted public companies. The Cabinet also gave nod to the Fugitive Economic Offenders Bill – 2018 to deal with those escaping overseas to avoid getting caught. The Bill will help in laying down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian Courts. According to Union Finance ministry, the economic offences worth Rs 100 crore or more will come under the purview of the Bill.
2. Vinesh Phogat has bagged silver in which freestyle category at the 2018 Asian Wrestling Championship in Kyrgyzstan?
Correct Answer: C [50kg]
Notes:
India’s star wrestler Vinesh Phogat has settled for Silver Medal in the 50kg Freestyle competition at the Asian Wrestling Championship in Kyrgyzstan on March 1. In the final of the event at Bishkek, she lost to China’s Chun Lei. Another Indian, Sangeeta claimed Bronze in 59kg division.
India’s star wrestler Vinesh Phogat has settled for Silver Medal in the 50kg Freestyle competition at the Asian Wrestling Championship in Kyrgyzstan on March 1. In the final of the event at Bishkek, she lost to China’s Chun Lei. Another Indian, Sangeeta claimed Bronze in 59kg division.
3. Khagendra Jamataia, who passed away recently, was associated with which political party?
Correct Answer: D [CPI (M)]
Notes:
Khagendra Jamataia (64), the Tripura Fisheries and Cooperation minister, has passed away in New Delhi on March 2, 2018. Jamataia was a CPI (M) candidate from the Krishnapur constituency in the February 18 assembly election. Jamatia had joined CPI (M) in 1983 and had been winning from Krishnapur constituency since 1988. This is the second setback for CPI (M) after the death of Ramendra Narayan Debbarma who was contesting from Charilam (ST) constituency.
Khagendra Jamataia (64), the Tripura Fisheries and Cooperation minister, has passed away in New Delhi on March 2, 2018. Jamataia was a CPI (M) candidate from the Krishnapur constituency in the February 18 assembly election. Jamatia had joined CPI (M) in 1983 and had been winning from Krishnapur constituency since 1988. This is the second setback for CPI (M) after the death of Ramendra Narayan Debbarma who was contesting from Charilam (ST) constituency.
4. Justice S. Ratnavel Pandian, the former Supreme Court judge has passed away. He headed which Central Pay Commission?
Correct Answer: A [5th]
Notes:
Justice S. Ratnavel Pandian (89), the former Supreme Court judge, has passed away at Chennai, Tamil Nadu on February 28, 2018. He was a multi-faceted personality who tried his hands in politics before entering the legal profession. In the apex court, he was part of a Bench that decided the famous Indra Sawhney case, in which the constitutionality of reservations to Backward Classes was upheld in 1992. After his retirement in 1994, Justice Pandian headed the 5th Central Pay Commission and submitted its final report in April 1997. He took over as chairperson of the National Commission for Backward Classes on August 14, 2006 and was given the status of Union Cabinet Minister for the duration of the term of his office, which lasted till 2009.
Justice S. Ratnavel Pandian (89), the former Supreme Court judge, has passed away at Chennai, Tamil Nadu on February 28, 2018. He was a multi-faceted personality who tried his hands in politics before entering the legal profession. In the apex court, he was part of a Bench that decided the famous Indra Sawhney case, in which the constitutionality of reservations to Backward Classes was upheld in 1992. After his retirement in 1994, Justice Pandian headed the 5th Central Pay Commission and submitted its final report in April 1997. He took over as chairperson of the National Commission for Backward Classes on August 14, 2006 and was given the status of Union Cabinet Minister for the duration of the term of his office, which lasted till 2009.
5. The world’s largest solar park has launched in which state?
Correct Answer: D [Karnataka]
Notes:
The Karnataka government has launched the world’s largest solar park ‘Shakti Sthalaon’ at Pavagada in Tumakuru district, about 180km from Bengaluru. The solar park has a capacity of 2,000 MW and has set up at an investment of Rs16,500 crore. The first phase of the park will generate 600MW, while the balance 1,400MW is expected to be commissioned by the end of 2018. The park will create employment and act as an incentive for natives and farmers to explore new opportunities of socio-economic growth in the region.
The Karnataka government has launched the world’s largest solar park ‘Shakti Sthalaon’ at Pavagada in Tumakuru district, about 180km from Bengaluru. The solar park has a capacity of 2,000 MW and has set up at an investment of Rs16,500 crore. The first phase of the park will generate 600MW, while the balance 1,400MW is expected to be commissioned by the end of 2018. The park will create employment and act as an incentive for natives and farmers to explore new opportunities of socio-economic growth in the region.
6. Which country’s team has won the 2018 IBSF Snooker Team World Cup?
Correct Answer: B [India]
Notes:
The Indian Snooker team has lifted the first edition of IBSF Snooker Team World Cup title and won the prize money of $15,000. The Indian duo of Pankaj Advani and Manan Chandra defeated Pakistan (Muhammad Asif, Babar Masih) in the best-of-five final played in Doha on March 2.
The Indian Snooker team has lifted the first edition of IBSF Snooker Team World Cup title and won the prize money of $15,000. The Indian duo of Pankaj Advani and Manan Chandra defeated Pakistan (Muhammad Asif, Babar Masih) in the best-of-five final played in Doha on March 2.
7. Which Bollywood personality has won the lifetime achievement award at the 2018 ‘Political and Public Life Awards’ in UK?
Correct Answer: D [Shatrughan Sinha]
Notes:
Actor-politician Shatrughan Sinha has been honoured with a lifetime achievement award for his contribution to the fields of arts and politics at a ceremony in the UK’s Parliament complex on March 2, 2018. The annual ‘Political and Public Life Awards’ presented by Britain’s Asian Voice weekly newspaper, recognises individuals who have made a significant impact on public life or made a difference in their local communities. Sinha, who started his career as an actor in late 1960s, has to his credit over 225 Hindi feature films besides several in other Indian languages. A member of the ruling BJP, he represents Bihar state’s Patna Sahib constituency in the Lok Sabha, the lower house of Parliament.
Actor-politician Shatrughan Sinha has been honoured with a lifetime achievement award for his contribution to the fields of arts and politics at a ceremony in the UK’s Parliament complex on March 2, 2018. The annual ‘Political and Public Life Awards’ presented by Britain’s Asian Voice weekly newspaper, recognises individuals who have made a significant impact on public life or made a difference in their local communities. Sinha, who started his career as an actor in late 1960s, has to his credit over 225 Hindi feature films besides several in other Indian languages. A member of the ruling BJP, he represents Bihar state’s Patna Sahib constituency in the Lok Sabha, the lower house of Parliament.
8. The 2018 cultural festival ‘India by the Nile’ will be held in which country?
Correct Answer: C [Egypt ]
Notes:
The mega annual cultural festival ‘India by the Nile’ will be held in Cairo, Egypt from March 6, 2018 with main focus on classical culture. The 12-day event will host a wide range of events to celebrate Indian culture and its diversity. It is the biggest foreign festival in Egypt which provides audiences an Indian cultural experience and encourages artistic collaborations between India and Egypt will be held in several cities such as Cairo. The festival, which is organised by the Embassy of India in Egypt and the Maulana Azad Centre for Indian Culture in collaboration with entertainment company Teamwork Arts, is a celebration of contemporary and classical music, dance, theatre, visual arts, film, food and literature.
The mega annual cultural festival ‘India by the Nile’ will be held in Cairo, Egypt from March 6, 2018 with main focus on classical culture. The 12-day event will host a wide range of events to celebrate Indian culture and its diversity. It is the biggest foreign festival in Egypt which provides audiences an Indian cultural experience and encourages artistic collaborations between India and Egypt will be held in several cities such as Cairo. The festival, which is organised by the Embassy of India in Egypt and the Maulana Azad Centre for Indian Culture in collaboration with entertainment company Teamwork Arts, is a celebration of contemporary and classical music, dance, theatre, visual arts, film, food and literature.
9. Which Indian woman wrestler has clinched India’s first gold at the 2018 Senior Asian Wrestling Championships?
Correct Answer: A [Navjot Kaur]
Notes:
Navjot Kaur has scripted history by becoming the first Indian woman to win a Gold medal at the Senior Asian Wrestling Championships. She clinched the coveted yellow metal in the 65 kg freestyle category at the tournament held at Bishkek in Kyrgyzstan on March 2, 2018. Navjot defeated Japan’s Miya Imai, 9-1 in a one-sided final bout yesterday to give India’s its first Gold of the ongoing Championships. Rio Olympics Bronze medallist Sakshi Malik won a bronze in the 62 kg division after getting the better of Kazakhstan’s Ayaulym Kassymova, 10-7.The two medals took India’s medals tally to six – 1 Gold, 1 Silver and 4 Bronze.
Navjot Kaur has scripted history by becoming the first Indian woman to win a Gold medal at the Senior Asian Wrestling Championships. She clinched the coveted yellow metal in the 65 kg freestyle category at the tournament held at Bishkek in Kyrgyzstan on March 2, 2018. Navjot defeated Japan’s Miya Imai, 9-1 in a one-sided final bout yesterday to give India’s its first Gold of the ongoing Championships. Rio Olympics Bronze medallist Sakshi Malik won a bronze in the 62 kg division after getting the better of Kazakhstan’s Ayaulym Kassymova, 10-7.The two medals took India’s medals tally to six – 1 Gold, 1 Silver and 4 Bronze.
10. Who has been elected as the new president of Republic of Armenia?
Correct Answer: B [Armen Sarkisian]
Notes:
Armen Vardani Sarkissian has been elected as the new president of Republic of Armenia on March 2, 2018. Sarkissian will succeed Serzh Sarkisian and will assume the presidency in April 9, 2018. This was the first time in Armenia’s history when the president was elected by the National Assembly instead of popular vote. Sarkissian served as Prime minister of Armenia from November 1996 to March 1997. Previously, he had been Armenia’s ambassador in London. He has also served as the Armenian ambassador to the European Union, Belgium, the Netherlands, Luxembourg, and the Holy See.
Armen Vardani Sarkissian has been elected as the new president of Republic of Armenia on March 2, 2018. Sarkissian will succeed Serzh Sarkisian and will assume the presidency in April 9, 2018. This was the first time in Armenia’s history when the president was elected by the National Assembly instead of popular vote. Sarkissian served as Prime minister of Armenia from November 1996 to March 1997. Previously, he had been Armenia’s ambassador in London. He has also served as the Armenian ambassador to the European Union, Belgium, the Netherlands, Luxembourg, and the Holy See.