Current Affairs MCQ 16th December 2017

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We are here with Multiple choice Questions based on Current affairs MCQ 16th December 2017

1) 14th Inclusive Finance India Summit Begins in__________
a) New Delhi
b) Mumbai
c) Assam
d) Lucknow
e) None of the above
Answer: a)
Explanation: The 14th Inclusive Finance India Summit began in New Delhi to build consensus on strategies and a unified vision for achieving universal financial inclusion in India.

2) 4th India-Australia-Japan Trilateral Dialogue Held in_________
a) New Delhi
b) Mumbai
c) Assam
d) Lucknow
e) None of the above
Answer: a)
Explanation: Foreign Secretary S. Jaishankar hosted the 4th India-Australia-Japan Trilateral Dialogue with Secretary of Department of Foreign Affairs and Trade of Australia Ms. Frances Adamson and Vice Minister of Foreign Affairs of Japan Mr. Shinsuke J. Sugiyama, in New Delhi.

3) ___________Jitesh Singh Deo Named Mr. India 2017
a) New Delhi
b) Mumbai
c) Assam
d) Lucknow
e) None of the above
Answer: (d)
Explanation: Jitesh Singh Deo from Lucknow was declared the winner of the 2017 Mr. India pageant which was held in Mumbai. Indian footballer Prathamesh Maulingkar won the title of Mr. India Supranational and will compete at Mr. Supranational 2018.

4) _______ is the World’s Highest-Paid Athlete of All Time
a) Michael Jordan
b) Michael Johny
c) Virat Kohli
d) R Aswin
e) None of the above
Answer: a) In the latest list released by Forbes, Michael Jordan has been named as the highest-paid athletes of all time. The 54-year-old has a whopping $1.7 billion in the bank.

5) 11th WTO Ministerial Conference Held in _______
a) Italy
b) Argentina
c) Morocco
d) Iran
e) None of the above
Answer: c)
Explanation: The Eleventh World Trade Organization (WTO) Ministerial Conference (MC11) took place in Buenos Aires, Argentina. The Conference was chaired by Minister Susana Malcorra of Argentina. Indian Delegation was led by Minister of Commerce and Industry Suresh Prabhu.

6). RBI Imposes Restrictions on _________ as its Bad Loans Crosses 10%
a) Corporation bank
b) SBI
c) ICICI Bank
d) Axis Bank
e) None of the above
Answer: a)
Explanation: The Reserve Bank of India (RBI) has imposed certain restrictions on Corporation Bank on carrying out banking activities as its share of bad loans rose sharply. The RBI has triggered prompt corrective action (PCA) against it in view of high non-performing loans and requirement to raise capital.

7) RBI Imposes Rs 3 crore Penalty on ________
a) IndusInd bank
b) SIDBI
c) DBS
d) ICICI bank
e) None of the above
Answer: a)
Explanation: The Reserve Bank of India (RBI) has imposed Rs 3 crore penalty on IndusInd Bank for breaching rules on income classification norms.

8) WPI Inflation at 8-month High of _________ in November
a) 3.93%
b) 3.83%
c) 2.93%
d) 3.73%
e) None of the above
Explanation: (a) Inflation based on the Wholesale Price Index (WPI) accelerated to an eight-month high of 3.93% in November, from 3.59% in October. Data released showed that retail inflation unexpectedly jumped to a 15-month high of 4.88% in November, and industrial production slowed to 2.2% in October.

9) Google Opens 1st Machine Learning Research Lab in ______ with ‘Google AI China Center’
a) Argentina
b) Asia
c) India
d) Denmark
e) None of the above
Answer: (b)
Explanation : In an apparent move to rebuild its presence in China, Google announced that it will open a research lab focused on Artificial Intelligence (AI) in Beijing, China. It will be its first such center in Asia.

10) ________Starts State Bank Rewardz Scheme
a) Axis Bank
b) PNB
c) ICICI
d) SBI
e) None of the above
Answer: d) The State Bank of India has introduced a loyalty program for its valued customers. This program is called as State Bank Rewardz, the program gives the customers several opportunities to earn reward points and earn many times faster at Max Get More partner outlets.

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