Monthly Current Affairs Quiz - October, 2017

Notes:
President Ram Nath Kovind has recently appointed Governors in five states and Lieutenant Governor in one Union Territory. These are as follows: Brigadier (Retd) B D Mishra has been appointed as the new Governor of Arunachal Pradesh and former member of Bihar Legislative Council Ganga Prasad as new Governor of Meghalaya. Satya Pal Malik, the former Union Minister, has been appointed as the new Governor of Bihar while Assam Governor Banwarilal Purohit will now be the new Governor of Tamil Nadu. Admiral (Retd) Devendra Kumar Joshi will be the Lieutenant Governor of Andaman and Nicobar while Prof. Jagdish Mukhi will be the new Governor of Assam. The above appointments will take effect from the dates the incumbents assume charge of their respective offices.

Notes:
In Libya, the Port of Benghazi has officially reopened for the first time in three years on September 30, 2017 after being forced to cease operations because of clashes in the cradle of the 2011 revolution. After long-time dictator Muammar Kadhafi was ousted and killed in the 2011 revolution, the country descended into political and military chaos. Commercial operations at the port had ended in 2014 when armed movements, including the Islamic State terror group, occupied the North African country’s second city. In a bid to boost business at the facility, port officials announced a temporary customs exemption for all imports through Benghazi. The port is situated in the eastern part of the country.

Notes:
The Karlapat Wildlife Sanctuary (KWS) is located in Kalahandi district of Odisha and covers an area of 75 square kilometres. This sanctuary is home to many wildlife species like tiger, leopard, sambar, nilgai, barking deer, mouse deer, a wide variety of birds like green munia, Great Eared-nightjar and various reptiles.

Notes:
President Ram Nath Kovind has recently appointed a Commission to examine the sub-categorisation of the Other Backward Classes (OBCs). Justice (Retd.) G. Rohini will be the chairperson of the Commission which will present its report to the President within 12 weeks. The Commission will examine the extent of inequitable distribution of benefits of reservation among the castes or communities included in the broad category of OBCs with reference to such classes included in the Central List. It will work out the mechanism, criteria, norms and parameters in a scientific approach for sub-categorisation within such OBCs. On receipt of the report, the Central Government will consider ways and means for equitable distribution of the benefits of the reservation in Central Government jobs and admission in Central Government Institutions amongst all strata of the OBC.

Notes:
The Nobel Prize in Chemistry 2017 was awarded to Jacques Dubochet, Joachim Frank and Richard Henderson for developing cryo-electron microscopy for the high-resolution structure determination of biomolecules in solution. It’s a method of simplifying and improving the imaging of biomolecules.

Notes:
Rajnish Kumar, the Managing Director of SBI, has been appointed as the new chairman of the State Bank of India (SBI) for a period of three years. He will succeed Arundhati Bhattacharya, whose tern is going to end on October 6, 2017.

Notes:
The 2017 Nobel Prize in Physics has been jointly awarded to three US scientists – Rainer Weiss, Kip S. Thorne and Barry C. Barish – for the detection of gravitational waves. The ripples were predicted by Albert Einstein and are a fundamental consequence of his General Theory of Relativity. The winners are members of the Ligo-Virgo observatories, which were responsible for the breakthrough. The winners join a prestigious list of 204 other Physics laureates recognised since 1901. The trio will share the prize sum of nine million kronor prize. Prof Weiss gets half of the prize money, while Barish and Thorne will share the other half. Gravitational waves describe the stretching and squeezing of space-time that occurs when massive objects accelerate.

Notes:
Prime Minister Narendra Modi has inaugurated the Golden Jubilee Year Celebrations of the Institute of Company Secretaries of India (ICSI) in New Delhi on October 4, 2017. The event assumes significance as it comes close on the heels of the government action of de-registering over 2.1 lakh dormant, shell companies and disqualifying over one lakh directors as part of a clean up of the corporate system and tackling the menace of shell companies. Originally, the ICSI was set up as not-for-profit organisation on 4th October 1968. In 1980, the institute was converted into a statutory professional body under an Act of Parliament, ‘The Company Secretaries Act 1980’. The headquarters of ICSI is located in New Delhi. 

Notes:
Bangladesh has signed $4.5 billion third line of credit (LoC) agreement with India for its infrastructure and social sector development on October 4, 2017. The new Indian line of credit will be used to fund 17 major projects in Bangladesh, which include electricity, railroads, roads, shipping and ports. As with previous LoC agreements, Bangladesh will pay an interest rate of 1 % a year. It will have 20 years to pay back the loans, with a grace period of five years. Under the agreement, Bangladesh would have to purchase 65 to 75% of the services, goods or works from the Indian market with the money to be provided under the third LoC following the precedence of the previous two nearly identical agreements. Bangladesh has two other LoCs open with India: the first one was signed in 2010, and the second one in 2016. These LOCs are collectively worth Tk3.06 billion, but till last year, Bangladesh government has been able to use only USD 576 million.

Notes:
The European Investment Bank (EIB) has signed the Finance Contract with India to € 300 million for Bangalore Metro Rail Project Phase II Line R6. The objective of the project is to bring in a quantum improvement in the transportation sector in the city in tandem with the Bangalore Metropolitan Transport Corporation (BMTC) and other modes of urban transport. This project will be jointly financed by the European Investment Bank (€500 million) and Asian Infrastructure Investment Bank (€300 million). The agreement signed recently was for first tranche of €300 million. The project implementation period is five years from date of commencement of the work.