January 2019 Week 1 CA Q/A PDF www.aspirantszone.

com

A2Z CA Q/A PDF

for upcoming exams
January 2019 - Week 1

www.aspirantszone.com

1 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Q1. Who is the author of “Early Indians:The Story of our Ancestors and where we came from”?
Answer: Tony Joseph
Explanation: The book titled “Early Indians:The Story of our Ancestors and where we came from” has been
authored by journalist Tony Joseph, which unravels our history using the results of genetics and other research.

Q2. Recently, Norman Gimbel passed away. He was related to which field?
Answer: Composer
Explanation: Oscar and Grammy winning composer Norman Gimbel has passed away.

Q3. Who was appointed as new new Chief Information Commissioner?

Answer: Sudhir Bhargava
Explanation: The government has appointed Sudhir Bhargava as the new Chief Information Commissioner.

Q4. Who was appointed as new chairman of Railway Board?

Answer: VK Yadav
Explanation: The Appoinments Committee of the Cabinet has approved the appointment of VK Yadav as railway
board Chairman on the superannuation of Ashwani Lohani on December 31

Q5. Who was crowned as women’s cricketer of the year by the sport’s world governing body ICC?
Answer: Smriti Mandhana
Explanation: India’s Smriti Mandhana was crowned women’s cricketer of the year by the sport’s world governing
body, capping off a prolific run-scoring season for the opener.

Q6. Who was named as T20 captain of the year by International Cricket Council(ICC)?
Answer: Harmanpreet Kaur
Explanation: International Cricket Council announced the women’s ODI and T20I teams of the year with senior
New Zealand all-rounder, Suzie Bates named ODI skipper while as Indian batting star Harmanpreet Kaur
nominated as T20I captain.

Q7. Who took over as new Axis Bank MD and CEO after Shikha Sharma retired?
Answer: Amitabh Chaudhary
Explanation: Lending major Axis Bank’s MD and CEO Shikha Sharma retired. She will be succeeded by Amitabh
Chaudhary, effective January 1, 2019.

Q8. SBI Life Insurance signed a “bancassurance” pact with which bank to offer a financial planning solution to
consumers?
Answer: Allahabad Bank
Explanation: Leading private insurer SBI Life Insurance said it has signed a “bancassurance” pact, with state-run
Allahabad Bank to offer a financial planning solution to consumers. This will empower the consumer to address
their complete financial needs under one roof.

Q9. By which date, RBI has extended relaxation offered to banks for offering liquidity support to NBFCs?
Answer: March 31, 2019
Explanation: RBI has extended the relaxation offered to banks for offering liquidity support to NBFCs up to March
31.

Q10. How much percentage of Provision Coverage ratio of Public Sector Banks has crossed as of September
2018?

2 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Answer: 66.85 %
Explanation: Public Sector Banks provision coverage ratio which measures the provisioning for bad loans has gone
up from less than 50 per cent in 2015 to 66.85 percent as of September 2018, reflecting improvement in their
financial health.

Q11. According to RBI data, banks have recovered how much amount from defaulters in FY 18?
Answer: Rs 40400 cr
Explanation: Banks have seen a significant improvement in recovery of stressed assets helped by the Insolvency
and Bankruptcy Code(IBC) and amendments in the SARFAESI Act, during FY18, according to the RBI data.In the
fiscal ended March 2018,banks recovered Rs 40,400 crore worth of bad loans as against Rs 38,500 crore recovered
in FY17.

Q12. Which bank received approval from RBI to operate as scheduled bank making it the 5th scheduled bank
from Kerala?
Answer: ESAF Small Finance Bank
Explanation: ESAF Small Finance Bank which received the first banking license in Kerala since independence has
got RBI approval to operate as scheduled bank. This makes Thrissur-based ESAF small finance bank (SFB) the 5th
scheduled bank from Kerala.

Q13. Indian Railways will build the country’s first vertical lift bridge connecting which town in Arabian Sea to
mainland India?
Answer: Rameshwaram
Explanation: Railways will build the country’s first vertical lift bridge connecting Rameshwaram in Arabian Sea to
mainland India that will allow ships and steamers to pass through without any hindrance, replacing the existing
104-year-old Pamban bridge.

Q14. Which state’s government hospital has entered the Guinness Book of World Records for organising the
largest men’s Health Awareness programme on prostate cancer on a single day?
Answer: Telangana
Explanation: The State-run MNJ Institute of Oncology and Regional Cancer Centre in Hyderabad has entered the
Guinness Book of World Records for organising the largest men’s Health Awareness programme on prostate
cancer on a single day.

Q15. In how many states, 100 percent households have been electrified under Saubhagya Yojana by the end of
2018?
Answer: Maharashtra
Explanation: India achieved electrification in 100 percent households in 25 states at the end of 2018. Now, only
about 10.48 lakh households are left to be electrified in 4 states – Assam, Rajasthan, Meghalaya, and Chhattisgarh.

Q16. How many total free LPG connections have been released by the government under PMUY as of Jan 2,
2019?
Answer: 6 croreth
Explanation: The government on Jan 2, 2019 gave out the 6 croreth free cooking gas connection as the scheme to
make available cleaner fuel in every household kitchens runs ahead of schedule.

Q17. Who will head the committee that has been setup for effective implementation of real estate law RERA?
Answer: Shiv Das Meena
Explanation: The government has constituted a committee to suggest recommendations to strengthen the real

3 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

estate law RERA and to remove difficulties in its implementation.The decision to form the committee, to be
headed by Union Housing and Urban Affairs Joint Secretary Shiv Das Meena.

Q18. According to space officials, India is planning to launch how many space missions in 2019?
Answer: 32
Explanation: According to a top space official, India is planning to launch 32 space missions in 2019. The missions
include the second lunar mission Chandrayaan-2 to land on the moon with lander and rover.

Q19. Which two countries recently officially quit the U.N.’s educational, scientific and cultural agency
(UNESCO)?
Answer: USA and Israel
Explanation: The United States and Israel officially quit the U.N.’s educational, scientific and cultural agency
(UNESCO) at the stroke of midnight, the culmination of a process triggered more than a year ago amid concerns
that the organization fosters anti-Israel bias.

Q20. Which country recently introduced GAFA tax?

Answer: France
Explanation: France will introduce its own tax on large internet and technology companies from January 1. It has
been pushing hard for a new so-called “GAFA tax-named after Google,Apple,Facebook and Amazon” — to ensure
the global giants pay a fair share of taxes on their massive business operations in Europe.

Q21. According to RBI, banks gross non performing assets ratio improved to how much percent in September
2018?
Answer: 10.8 percent
Explanation: The asset quality of banks showed improvement with gross non performing assets ratio declining to
10.8 percent in September 2018 from 11.5 per cent in March 2018, according to Financial Stability Report by
Reserve Bank of India (RBI).

Q22. According to Financial Stability Report by Reserve Bank of India (RBI),the balance sheet size of NBFCs grew
by how much percent as of September 2018?
Answer: 17.2%
Explanation: The balance sheet size of NBFCs grew by 17.2 percent to Rs 26 trillion in September 2018 from Rs
22.2 trillion in September 2017, according to Financial Stability Report by Reserve Bank of India (RBI).

Q23. According to Finance Ministry, what percent of direct tax to GDP ratio achieved during 2017-18 was best in
last 10 years?
Answer: 5.98%
Explanation: The direct tax to GDP ratio of 5.98 % achieved during 2017-18 fiscal is the best in the last 10 years,
according to the finance ministry. It was 5.57 per cent in 2016-17 and 5.47 per cent in 2015-16.

Q24. Recently, RBI allowed restructuring of defaulting MSME loans upto how much amount?
Answer: Rs 25 cr
Explanation: In a measure of relief for the troubled micro and small industries segment,the RBI permitted a one
time restructuring of existing loans to MSMEs that are in default but “standard” as on January 1, 2019, without an
asset classification downgrade. The restructuring has to be implemented by March 31,2020.

Q25. The Union Cabinet recently approved merger of public sector lenders Dena Bank, Vijaya Bank with which
bank?
Answer: Bank of Baroda

4 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Explanation: The Union cabinet has approved the merger of public sector lenders Dena Bank, Vijaya Bank with
Bank of Baroda.

Q26. According to Confederation of Indian Industry “Growth Outlook for 2019” report, what will be India’s GDP
growth in 2019?
Answer: 7.5%
Explanation: In its ‘Growth Outlook for 2019’, Confederation of Indian Industry stated that the GDP growth will be
in the range of 7.5 % in 2019.

Q27. Which bowler became the highest wicket taker in International cricket in 2018?
Answer: Jasprit Bumrah
Explanation: India fast bowler Jasprit Bumrah has become the highest wicket taker in International cricket in 2018
after picking up 9 wickets in the Melbourne Test against Australia

Q28. Which Indian keeper became the first keeper to complete 20 catches in a test series?
Answer: Rishabh Pant
Explanation: Indian wicket-keeper batsman Rishabh Pant became the country’s first keeper to complete twenty
catches in a test series, during the final day of the ‘Boxing Day Test’.

Q29. Who was appointed as acting chairman of LIC?

Answer: Hemant Bhargava
Explanation: The government has appointed hemant Bhargava Managing Director, Life Insurance Corporation of
India, as the Acting chairman.

Q30. Recently, CH Loknath passed away. He was related to which field?

Answer: Actor
Explanation: Veteran Kannada actor CH Loknath passed away at a private hospital in Bengaluru. He was 91.

Q31. Veteran coach Ramakant Achrekar passed away recently. He was the coach of which sports?
Answer: Cricket
Explanation: Veteran cricket coach Ramakant Achrekar, who trained Bharat Ratna Sachin Tendulkar and his friend
Vinod Kambli, among others, passed away following a heart attack.

Q32. Who was appointed as new Competition Commission of India (CCI) Secretary?
Answer: Praveen Kumar Singh
Explanation: The Competition Commission of India (CCI) appointed Pramod Kumar Singh as its secretary.

Q33. Who will head the committee that has been formed to rejuvenate Micro, Small and Medium Enterprises?
Answer: Upendra Kumar Sinha
Explanation: The Reserve Bank of India (RBI) constituted an expert committee, which will review the ‘current
institutional framework in place to support MSMEs along with examining the factors affecting timely and
adequate availability of finance to them.’The new 8-member committee would be chaired by Upendra Kumar
Sinha.

Q34. How much funding has been allocated for athletes under the Target Olympic Podium Scheme ahead of
2020 Olympics in Tokyo by the Sports Ministry?
Answer: Rs 100 cr
Explanation: Sports ministry has earmarked Rs 100 crore for funding the athletes under the Target Olympic
Podium Scheme ahead of 2020 Olympics in Tokyo.

5 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Q35. Which city was the guest of honour in 27th edition of the New Delhi World Book Fair (NDWBF)?
Answer: Sharjah
Explanation: The 27th edition of the New Delhi World Book Fair (NDWBF), which has the UAE’s third largest
emirate Sharjah as its 2019 guest of honour, is set to enthrall book lovers from January 5 to 13 at Pragati Maidan
in New Delhi.

Q36. Which web based single window system will be rolled out at state levels by January 15, bringing an end to
the clearance nightmare for entrepreneurs?
Answer: Parivesh
Explanation: An ambitious web based single window system “Parivesh” will be rolled out at state levels by January
15, bringing an end to the clearance nightmare for entrepreneurs.

Q37. PM Narendra Modi added which slogan to the slogan “Jai Jawan, Jai Kisan” given by the late Prime
Minister Lal Bahadur Shastri?
Answer: Jai Anusandhan
Explanation: Prime Minister Narendra Modi added “Jai Anusandhan” to the slogan “Jai Jawan,Jai Kisan” given by
the late Prime Minister Lal Bahadur Shastri, hailing the power of research to propel the nation into the top league.

Q38. During 2014-16, according to the cabinet, Maternal Mortality Ratio (MMR) declined to how much percent?
Answer: 2.7%
Explanation: The Cabinet was apprised of the progress and new initiatives under National Health Mission (NHM)
such as a decline by 2.7 per cent in the Maternal Mortality Ratio (MMR) to 130 during 2014-16 from 178 during
2010-12.

Q39. Which company acquired startup “Supernod” to boost assistant’s answering liabilities?
Answer: Google
Explanation: Google has acquired a start up named Supernod that built an app allowing users to post questions
and receive answers from experts quickly — a move that will help boost Google Assistant’s ability to accurately
answer users’ questions.

Q40. Which bank joined hands with Small Business FinCredit India Pvt Ltd to provide loans to MSMEs?
Answer: ICICI Bank
Explanation: ICICI Bank and Small Business FinCredit India Pvt Ltd will jointly provide loans worth up to Rs 1 crore
to the small and medium enterprises.

Q41. By which date, food businesses need to comply with new packaging regulations as said by FSSAI?
Answer: July 1
Explanation: Food Safety and Standards Authority of India (FSSAI) said that food businesses need to comply with
new packaging regulations that bar the use of recycled plastics and newspapers to wrap food articles by July 1.

Q42. Which state topped in Singapore’s 2018 Ease of Doing Business Index ABC rankings for economies?
Answer: Andhra Pradesh
Explanation: Andhra Pradesh emerged on top of Asia Competitiveness Institute (National University of Singapore),
Singapore’s 2018 Ease of Doing Business Index ABC rankings for economies of 21 states of India, while
Maharashtra and Delhi came in second and third place, respectively.

Q43. Who has become the first women amputee to climb Mount Vinson(Highest peak of Antarctica)?
Answer: Arunima Sinha

6 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Explanation: Arunima Sinha, the Indian mountaineer who became the world’s first woman amputee to climb
Mount Everest in 2013, has now become the first women amputee to climb Mount Vinson(Highest peak of
Antarctica).

Q44. Who is the author of the book “Assalamalaikum Watan”?

Answer: Sanjay Khan
Explanation: On the occasion of his 78th birthday, veteran actor-producer Sanjay Khan announce his second book
“Assalamalaikum Watan”.

Q45. Recently, Dibyendu Palit passed away.He was related to which field?
Answer: Literature
Explanation: Eminenet Bengali literature and Sahitya Akademi awardee Dibyendu Palit has passed away following
old age complications. He was 79.

Q46. Under new norms of unauthorised electronic payment transactions in Prepaid Payment Instruments (PPIs),
if a fraud is reported between three and seven days, customer liability will amount to how much?
Answer: Rs 10,000
Explanation: The Reserve Bank of India has decided to limit the liability of customers in case of unauthorised
electronic payment transactions in Prepaid Payment Instruments (PPIs) issued by non-banks. If the fraud is
reported between three and seven days, customer liability will amount to the transaction value or Rs
10,000,whichever is lower.

Q47. Who will head the nine-member high-level committee constituted by the Union government to look into
the implementation of Clause 6 of the Assam accord of 1985?
Answer: M.P. Bezbaruah
Explanation: Former bureaucrat M.P. Bezbaruah will head a nine-member high-level committee constituted by the
Union government to look into the implementation of Clause 6 of the Assam accord of 1985 that provides for
constitutional guaranttes to protect the state’s indegenous communities.

Q48. Who won men’s 2019 Brisbane International title?

Answer: Kei Nishikori
Explanation: World number nine Kei Nishikori defeated Daniil Medvedev of Russia in the summit clash to clinch
the 2019 Brisbane International title (men).

Q49. Who is the author of the book “A Crusade against Corruption”?

Answer: Manohar Manoj
Explanation: Vice-Chairman of Rajya Sabha, Harivansh Narayan Singh launched Manohar Manoj’s book “A Crusade
Against corruption”.

Q50. Who was awarded with the Kabi Samrat Upendra Bhanja National Award for Lifetime Achievement in
Literature?
Answer: Manoj Das
Explanation: Manoj Das, an eminent English and Odia writer, received the Kabi Samrat Upendra Bhanja National
Award for Lifetime Achievement in Literature.

Q51. How much amount was allocated by the government to ISRO for the development of 40 satellite launch
vehicles in next 4 years?

7 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Answer: Rs 10900 cr
Explanation: Indian Space Research Organisation (ISRO) Chairman Dr K Sivan said that the Union Government has
allocated 10,900 crore rupees for the development of 40 satellite launch vehicles in the next four years.

Q52. Recently, Prime Minister Erna Solberg visited India. She is the current PM of which country?
Answer: Norway
Explanation: Prime Minister of Norway Erna Solberg has arrived in New Delhi on a three-day state visit to India.
She was accompanied by senior officials from her government and a large business delegation. She will participate
in the Indo-Norwegian Business Conference.

Q53. As per Ravi Shankar Prasad, the total value of BHIM UPI transactions crossed how much in December
2018?
Answer: 1 lakh crore rupees
Explanation: The total value of BHIM UPI transactions crosses 1 lakh crore rupess in December 2018.Union
Minister Ravi Shankar Prasad informed via tweet that the app-based payments touched 1 lakh, two thousand five
hundred and ninety-four crore rupees mark in December last year.

Q54. Which country became the first Asian team to win a Test series in Australia?
Answer: India
Explanation: india scripted history after winning their first-ever Test series in Australia as the fourth Test at the
Sydney Cricket Ground (SCG) concluded in a draw.

Q55. Who won Maharashtra Open ATP 250 Doubles Tournament title?
Answer: Rohan Bopanna and Divij Sharan
Explanation: India’s top-ranked doubles players Rohan Bopanna and Divij Sharan won the Tata Open Maharashtra
ATP 250 Tournament in Pune after beating a British pairing of Luke Bambridge and Jonny O’Mara in straight sets.

8 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Static GK Questions Based on Current Affairs

Q1. What is the capital of Australia?
Answer: Canberra

Q2. Where is the HQ of North Central Railway?

Answer: Allahabad

Q3. What is the currency of Norway?

Answer: Krone

Q4. When was ISRO founded?

Answer: 1969

Q5. Where is the HQ of ISRO?

Answer: Bengaluru

Q6. Where is the city of Brisbane situated?

Answer: Australia

Q7. Where is the HQ of Archaeological Survey of India?

Answer: New Delhi

Q8. When was RBI founded?

Answer: April 1, 1935

Q9. Where is the HQ of Central Board of Irrigation and Power?

Answer: New Delhi

Q10. What is the tagline of ICICI Bank?

Answer: Hum Hain Na

Q11. Where is the HQ of Food Safety and Standards Authority of India?

Answer: New Delhi

Q12. What is the currency of Singapore?

Answer: Dollar

Q13. Where is the HQ of Ordnance Factories Board?

Answer: Kolkata

Q14. Where is the HQ of HDFC asset management company?

Answer: Mumbai

Q15. When was SEBI founded?

Answer: 12 April 1992

Q16. In which country is Panj Tirath located?

Answer: Pakistan
Pakistan govt. has declared the ancient Hindu religious site of Panj Tirath in Peshawar as national heritage.

9 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

Q17. In which state is Indrakeeladri Temple located?

Answer: Andhra Pradesh
Indrakeeladri Temple (Vijayawada (Andhra Pradesh)) authorities declared that devotees including women will now
have to follow a new dress code which will be soon put in place for getting entry into the temple premises.

Q18. Where is Jaystambh located?

Answer: Pune
In Maharashtra, thousands of people visited the ‘Jaystambh’ – memorial of victory – in Koregaon Bhima village, about
30 km northeast of Pune.

Q19. Where is the HQ of Life Insurance Corporation of India?

Answer: Mumbai

Q20. Where is the HQ of Paytm Payments Bank?

Answer: Noida

Q21. Where is the HQ of Confederation of Indian Industry?

Answer: New Delhi

Q22. What is the currency of Bangladesh?

Answer: Taka

Q23. Where is the HQ of Allahabad Bank?

Answer: Kokata

Q24. Where is the HQ of UCO Bank?

Answer: Kolkata

Q25. Where is the HQ of Bank of India?

Answer: Mumbai

Q26. Where is the HQ of Allahabad Bank?

Answer: Kokata

Q27. Where is the HQ of ESAF Small Finance Bank?

Answer: Thrissur
Thrissur (Corp.)
Chennai (Reg.)

10 www.aspirantszone.com | Like us on Facebook

January 2019 Week 1 CA Q/A PDF www.aspirantszone.com

VISIT www.aspirantszone.com for New Pattern Questions in each section.

QUIZ ZONE:
 Quantitative Aptitude
 Reasoning
 English
 Computer
 Weekly CA Quiz
 Daily Current Affairs Quiz
 Static GK
 Banking Awareness
 Union Budget 2018-19 Quiz

For any queries, contact us freely at aspirantszone@gmail.com

11 www.aspirantszone.com | Like us on Facebook