1. Who won the Croatia Grand Chess Tour 2019?
A. Boris Spassky
B. Magnus Carlsen
C. Anatoly Karpov
D. Sergey Karjakin
2. Consider the following statements:
1. Industrial production grew at 3.1 per cent in May, mainly on account of improvement in power generation, according to official data released. The Index of Industrial Production (IIP) had expanded by 3.8 per cent in May 2018.
2. India’s industrial growth rate was 3.8 per cent in May, 2019.
Which of the above statement/statements are correct?
A. Only 1
B. only 2
C. Both 1 and 2
D. Neither 1 nor 2.
3. Who has been on top of the list of the 100 most celebrated celebrities for the most recent earnings?
A. Akshay Kumar
B. Tom Cruise
C. Tailor Swift
D. Sharukh khan
4. Consider the following statements:
1. Retail inflation based on Consumer Price Index was 3.18 percent in June, 2019.
2. In India, inflation is measured on two price indices, viz, wholesale price index (WPI) and consumer price index (CPI).
5. Prasar Bharati has entered into an agreement with which to collaborate for research?
A. IIT Mumbai
B. IIT Delhi
C. IIT Madras
D. IIT Kanpur
6. Consider the following statements:
1. Kerala will host Women Startup Summit 2019.
2. Successful women leaders, startup founders, policy makers and women entrepreneurs will participate in the summit.
3. About 20 women startups shortlisted from the “She Loves Tech” national grand challenge will be showcased in the summit.
Which of the statements given above is/are correct?
A. 1 and 2 are correct
B. 1 and 3 are correct
C. 2 and 3 are correct
D. All of the above
7. Who has declared KevinCare as his brand ambassador?
A. Katrina Kaif
D. Alia Bhatt
8. Consider the following statements:
1. Kerala becomes 1st state to ensure water conservation.
2. It also aims at ensuring the protection and conservation of catchment areas of all water sources to prevent degradation of the quantity and quality of water sources.
9. Scientist from which institute has developed a new material called ‘black gold’ which can absorb light and carbon dioxide ?
A. University of Oxford
B. Tata Institute of Fundamental Research (TIFR)
C. Massachusetts Institute of Technology
D. University of Cambridge
10. Who won World Cup 2019 ?
A. Sri Lanka
C. New Zealand
Answer: 1) B
Magnus Carlsen of Norway, the world champion, won the Croatia Grand Chess Tour 2019 title against Maxime Vachier Lagrav of France. It was his eighth straight win in the tournament. He earned $90,000 and 20 Grand Chess Tour (GCT) points. The tournament was held from June 26 – July 8, 2019 at Mimara Museum (Opening Ceremony) & Novinarski Dom (Tournament Games), Croatia.Magnus CarlsenViswanathan Anand of India lost to Shakhriyar Mamedyarov of Azerbaijan and suffered his second defeat in the Croatia Grand Chess Tour.
Answer: 2) A
Industrial production grew at 3.1 per cent in May, mainly on account of improvement in power generation, according to official data released. The Index of Industrial Production (IIP) had expanded by 3.8 per cent in May 2018. The expansion in power generation sector stood at 7.4 per cent compared to 4.2 per cent in the year-ago month. Mining growth was at 3.2 per cent in May as against 5.8 per cent in the corresponding month of the last fiscal. However, there was a slowdown in the manufacturing sector, which grew at 2.5 per cent in May compared to 3.6 per cent a year ago. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2019 stand at 111.0, 133.3 and 176.9 respectively, with the corresponding growth rates of 3.2 percent, 2.5 percent and 7.4 percent as compared to May 2018 (Statement I). The cumulative growth in these three sectors during April-May 2019 over the corresponding period of 2018 has been 4.1 percent, 3.2 percent and 6.7 percent respectively.
Answer: 3) C
Singer Taylor Swift has topped the Forbes’ Celebrity 100 list and emerged as the highest-paid celebrity with her 2019 estimated earnings of over USD 185 million. Taylor Swift replaced Kylie Jenner. Jenner is now 2nd in the list. India’s Akshay kumar is placed 33rd in the list. Top 20 included Roger Federer, Howard Stern (No. 12, with $93 million), J.K. Rowling (No. 13, with $92 million), Russell Wilson, Aaron Rodgers, LeBron James, Rush Limbaugh, Elton John (No. 19, with $84 million), and Jay-Z and Beyonce (tied at No. 20 through marriage and business alliances, with an estimated $81 million each).
Answer: 4) C
Industrial growth remained stuck in low single digits in May, highlighting the challenge faced by the government in reviving growth. But inflation stayed in the comfort zone, albeit at an eight-month high in June, giving the RBI opportunity to cut rates again to help stimulate demand.
What is Inflation
The simplest definition is Inflation is “a rise in the general level of prices”. By the term general, we mean if the price of one good has gone up it is not inflation, it is inflation only if the prices of most goods have gone up. The opposite of inflation is deflation which means a fall in the general level of prices.
How is Inflation Measured in India
In India, inflation is measured on two price indices, viz, wholesale price index (WPI) and consumer price index (CPI).
Wholesale Price Index (WPI)
WPI is measured on weekly basis. The first index of wholesale prices commenced in India for the week January 10, 1942. The base year of WPI is revised periodically. Till date, 5 revisions have take place. The current WPI base year is 2011-12 based on prices of 670 commodities.
For determining WPI, commodities are divided into three categories – Primary Articles (102 items), Fuel & Power (19 items), and Manufactured Products (555 items). As you can see, the weight assigned to manufacturing is highest at 82% followed by primary articles like fruits and vegetables.
Consumer Price Index (CPI)
Unlike WPI, there is not a single measure of CPI. In India, four CPI indices are used to determine inflation at the consumer level. These are: CPI-IW (Industrial Worker), CPI-UNME (Urban Non-Manual Employees), CPI-AL (Agricultural Labourers), and CPI-RL (Rural Labourers).
Unlike the WPI, the new series of CPI based on recommendations of Abhijit Sen committee assigns the highest weight to primary articles like food, beverages and tobacco (49%).
Answer: 5) D
Prasar Bharati and IIT Kanpur signed an MoU for research collaboration in newly emerging technologies and broadcasting-related areas in New Delhi. The move is likely to boost research activities in the broadcasting field.
Answer: 6) D
The Kerala Startup Mission (KSUM) is hosting the Women Startup Summit on August 1.The summit will be hosted in association with the Indian Women Network floated by Confederation of Indian Industry (CII), at the Integrated Startup Complex, Kochi. Successful women leaders, startup founders, policy makers and women entrepreneurs will participate in the summit. The theme of this summit is ‘Developing an Inclusive Entrepreneurship Ecosystem’. About 20 women startups shortlisted from the “She Loves Tech” national grand challenge will be showcased in the summit. She Loves Tech is a global competition which was launched in 2015 to provide a platform for women entrepreneurs and startups dedicated to improving the lives of women globally.
Answer: 7) A
Fitness brand Reebok appointed Bollywood actor Katrina Kaif as its new brand ambassador in India. This will enhance Reebok’s commitment to be the best fitness brand in India.
Answer: 8) B
Meghalaya became the first state in India to ensure the conservation of water and have own water policy following a nod given by the State Cabinet. The draft policy was approved by the State Cabinet in a meeting chaired by Meghalaya Chief Minister Conrad K. Sangma. The objective of the policy is to recognize water resources as a common pool resource, to provide safe and hygienic water for drinking, domestic and sanitation and livelihood development to all residents of the state. It also aims at ensuring the protection and conservation of catchment areas of all water sources to prevent degradation of the quantity and quality of water sources. Water conservation includes all the policies, strategies and activities to sustainably manage the natural resource of fresh water, to protect the hydrosphere, and to meet the current and future human demand.
Answer: 9) B
Indian Scientists from Tata Institute of Fundamental Research (TIFR), Mumbai have developed a new material called ‘black gold’, which can potentially be used for applications that range from harvesting solar energy to desalinating seawater. Black gold can potentially be used for applications ranging from solar energy harvesting to desalinating seawater. Black gold has the ability to absorb the entire visible and near-infrared region of solar light. It does so because of inter-particle plasmonic coupling as well as heterogeneity in nano particle size. Black gold could also act as a catalyst and could convert CO2 into methane at atmospheric pressure and temperature using solar energy.The material can also be used as a nano-heater to convert seawater into potable water with good efficiency.
Answer: 10) D
In the grand finale of ICC Cricket World Cup 2019 (CWC 19), England cricket team defeated New Zealand cricket team in the Super Over thriller to lift their maiden World Cup title at The Lord’s cricket stadium in London. Batting first after winning the toss, New Zealand had postd 241/8 in 50 overs in reply to which, England ended at the same score leading to the one-over eliminator at the Lord’s.In the Super Over, England batted first and the duo of Ben Stokes and Jos Buttler made 15 runs, and New Zealand also ended at the same score but for the loss of one wicket, paving the way for an English victory on boundary count.England became the sixth country to win the World Cup.
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