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Current Affairs October 5th 2018

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Current Affairs October 5th 2018

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Current Affairs is a type of broadcast journalism where the emphasis is on detailed analysis and discussion of news stories that have recently occurred or ongoing at the time of broadcast. The article Current Affairs October 5th 2018 includes News summary on current events of International, National, Banking, Awards, Appointments, Science and Quiz importance of October 5th 2018.

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World Teachers' Day: 5 October

Source: Cick Here

Key Highlights:

  • World Teachers’ Day is celebrated globally on 5th October.

  • The WTD 2018 will mark the 70th anniversary of the Universal Declaration of Human Rights (1948) that recognizes education as a key fundamental right and establishes an entitlement to free compulsory education, ensuring inclusive and equitable access for all children.

  • The theme for this year's WTD is “The right to education means the right to a qualified teacher”.

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Defence Minister Nirmala Sitharaman’s 3-day visit to Kazakhstan

Source: Cick Here

Key Highlights:

  • On October 5, 2018, Defence Minister Nirmala Sitharaman completed her 3-day visit to Astana, Kazakhstan. She visited Kazakhstan at the invitation of Minister of Defence of the Republic of Kazakhstan Mr. Nurlan Yermekbayev.

  • She held bilateral talks with her Kazakh counterpart and Minister of Defence and Aerospace Industry Mr. Beibut Atamkulov.

  • She inspected a Tri-Services Guard of Honour at the Ministry of Defence.

  • She visited the National Defence University to witness the Indian Military Art Room (IMAR) made with Indian assistance.

  • She invited the Minister of Defence, Mr. Nurlan Yermekbayev and Minister of Defence and Aerospace Industry, Mr Beibut Atamkulov to visit India and to attend Aero India 2019 to be held in Bengaluru in February 2019.

Apple world’s top brand, Facebook slips to 9th spot

Source: Cick Here

Key Highlights:

  • On October 5, 2018, according to a report called – “Best 100 Global Brands 2018” by global brand consultancy Interbrand, Apple topped the chart as the best brand of 2018.

  • Apple is valued at $1 trillion and is followed by Google, Amazon, Microsoft and Coca Cola.

  • Samsung ranked 6th and Facebook was ranked 9th.

  • Spotify and Subaru made it to the global top 100 brand list for the first time.

  • Tesla couldn’t get a spot despite being there in top 100 in the previous list of 2017.

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Alphonso Mango from Konkan, Maharashtra got GI tagged

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Key Highlights:

  • On October 5, 2018, Alphonso from Ratnagiri, Sindhudurg, Palghar, Thane and Raigad districts of Maharashtra, got registered as Geographical Indication (GI).

  • The king of mangoes, Alphonso, better known as ‘Hapus’ in Maharashtra.

  • It is one of the world’s most popular fruit and is exported to various countries including Japan, Korea and Europe.

  • Other similar GI tagged products include: Darjeeling Tea, Mahabaleshwar Strawberry, Blue Pottery of Jaipur, Banarasi Sarees and Tirupati Laddus.

Policy on Biometric based Digital processing of passengers at airport released by Civil aviation Ministry

Source: Cick Here

Key Highlights:

  • On October 5, 2018, he Union Minister of Commerce and Industry and Civil Aviation, Shri Suresh Prabhu released “Digi Yatra”, a policy on Biometric based digital processing of passengers at airports.

  • DigiYatra Central Platform will be operational by end of February, 2019.

  • Bangalore & Hyderabad International Airports are the first 2 to implement it by the end of February 2019.

  • Airport Authority of India (AAI) will roll out the programme initially at Kolkata, Varanasi, Pune & Vijayawada by April, 2019.

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India and ADB signed $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh

Source: Cick Here

Key Highlights:

  • On October 5, 2018, Government of India and Asian Development Bank (ADB) signed a $110 million loan for development projects in Madhya Pradesh.

  • It aims to upgrade 2,800 kilometers all-weather rural roads in the State of Madhya Pradesh under the Prime Minister’s Rural Roads Program (PMGSY).

  • It is the 2nd tranche loan and is a part of the $500 million Second Rural Connectivity investment Program for India. It was approved in 2017.

  • Under the Second Rural Connectivity investment Program for India, improvements of 12,000 kilometers rural roads across the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal will take place.

  • Tranche 1 loan of $250 million is currently under implementation in the 5 project states, upgrading over 6,000 km of rural roads.
CRISIL Upgrades AU Bank’s Long Term Debt Instruments Rating to AA- With Stable Outlook

Source: Cick Here

Key Highlights:

  • On October 5, 2018, CRISIL upgraded AU Small Finance Bank’s Long Term Debt Instruments Rating to CRISIL AA– with Stable Outlook from previousCRISIL A+.

  • Thus, AU Bank’s long-term instruments have got a rating of AA- from all four rating agencies including CARE Ratings, India Ratings and ICRA Ratings.

  • The short term ratings on its deposits programme were reaffirmed at CRISIL A1+.

  • It was due to the recent capital infusion by Temasek Holdings that has supported the bank’s scale of operations and the sustainable above average asset quality over the past few years.

Fourth Bi-monthly Monetary Policy announced; RBI keeps policy rates unchanged

Source: Cick Here

Key Highlights:

  • On October 5, 2018, Reserve Bank of India, the central bank of India, released its 4th bi-monthly monetary policy.

  • The next meeting of the MPC is scheduled from December 3 to 5, 2018.

  • The Repo rate has been kept unchanged at 6.5%.

  • The Reverse Repo rate is 6.25%, Marginal Standing Facility (MSF) and Bank rate is 6.75% also remaining unchanged.

  • CRR remains at 4% and SLR at 19.5%.
PayPal launched merchant App for business in India; targeting SMEs

Source: Cick Here

Key Highlights:

  • On October 5, 2018, PayPal announced launch of its first merchant-focused App in India called PayPal for Business.

  • This will help small/medium merchants and freelancers conduct their domestic and cross border business.

  • It will allow merchants to track sales insights, invoicing, multi -currency balance and will also allow them to issue instant refunds.

  • PayPal aims to tackle the entire backend of small businesses through technology.

IRDAI gave final approval to Reliance Health Insurance to start operations

Source: Cick Here

Key Highlights:

  • On October 5, 2018, IRDAI approved Reliance Health Insurance, a wholly owned subsidiary of Reliance Capital, to begin operations.

  • It will commence operations by December 2018.

  • Ravi Viswanath has been designated as the CEO of the firm.

  • Health insurance in India has been amongst the Fastest-growing insurance sectors, rising at 20 per cent annually and is expected to double to over Rs 1,00,000 crore by 2021.

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Nick Compton, former England batsman, retires from cricket

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Key Highlights:

  • On October 5, 2018, 35-year-old Former England batsman Compton announced his retirement from cricket. He made his first-class debut for Middlesex in 2004.

  • He was a part of the series win in 2012 against India which made England win for the first time in 28 years.

  • He has played 16 Tests for England, scoring two hundred.

  • He is the grandson of cricket player Denis Compton.

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Nobel Prize in Peace Goes To Denis Mukwege and Nadia Murad

Source: Cick Here

Key Highlights:

  • The Norwegian Nobel Committee has decided to award the 2018 Nobel Peace Prize to Denis Mukwege and Nadia Murad “for their efforts to end the use of sexual violence as a weapon of war and armed conflict”.

  • Denis Mukwege is the helper who has devoted his life to defending the victims. Nadia Murad is the witness who tells of the abuses perpetrated against herself and others.
Swachh Survekshan Grameen Awards 2018

Source: Cick Here

Key Highlights:

  • Swachh Survekshan Grameen Awards 2018 (SSG 2018) were awarded by Prime Minister Narendra Modi and Union Minister for Drinking Water and Sanitation Uma Bharti, in New Delhi.

  • Awards were presented to top ranked states, districts and states & districts with maximum citizen participation based on the National Swachh Survekshan Grameen 2018 commissioned by Ministry of Drinking Water and Sanitation.

  • An independent survey agency developed ranking of all districts in India based on quantitative and qualitative sanitation (Swachhata) parameters.

  • 6786 villages in 685 Districts were covered and 182,531 citizens were interviewed for the survey.

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IL&FS appoints Vineet Nayyar as Vice-chairman and Managing Director

Source: Cick Here

Key Highlights:

  • On 4th October 2018, Vineet Nayyar has been appointed as the Vice-chairman and Managing Director (MD) of the Infrastructure Leasing & Financial Services (IL&FS).

  • Nand Kishore was appointed as the chairman of the audit committee and GC Chaturvedi as the chairperson of the Remuneration Committee.

  • The appointments were made by the new board of IL&FS that was formed on 1st October 2018, following allegations on the IL&FS group regarding defaults in loan payment and corporate governance issues.

  • The control of IL&FS was given to the six-member board headed by Uday Kotak as non-executive chairman of IL&FS.
Government’s Naga talks interlocutor R N Ravi appointed Deputy National Security Advisor (internal affairs)

Source: Cick Here

Key Highlights:

  • On 4th October 2018, government re designated RN Ravi as Deputy National Security Advisor (internal affairs) from his post as the chief of the Joint Intelligence Committee (JIC).

  • R N Ravi will also continue to be the central government’s interlocutor for Nagaland.

  • He is a 1976-batch Indian Police Service officer (retired) of the Kerala cadre. In August 2018, he was given an extension as the government’s representative for the talks with National Socialist Council of Nagaland (NSCN-IM).

  • In 2012, he retired as the Special Director in the Intelligence Bureau. In September 2014, he was appointed as the chairman of the JIC which functions under the National Security Council Secretariat (NSCS).

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Development trials of Astra Beyond Visual Range Air-to-Air Missile (BVR-AAM) Completed Successfully

Source: Cick Here

Key Highlights:

  • Flight trials of Astra Beyond Visual Range Air-to-Air Missile (BVR-AAM) were conducted successfully by the Indian Air Force (IAF) between September 26 and October 3, 2018, at Integrated Test Range (ITR), Balasore, Odisha.

  • The trials included complex tests for engagement of pilot less target in various modes of manoeuvring, off-boresight, medium and long ranges.

  • Astra has been tested 6 times under various launch conditions and ranges as part of the final development trial.

  • It had active participation from IAF. Defence Research & Development Organisation (DRDO) has developed the missile and integrated the weapon on Su-30 and other air platforms.

  • Hindustan Aeronautics Limited (HAL), Nasik, played a major role in modifying Su-30 aircrafts for Astra weapon integration and support during trials.

  • Over 50 private and public sector industries are involved in the development of sub-systems of the missile. The missile would be inducted into IAF in 2019.

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Q1. The Reserve Bank of India (RBI) eased foreign exchange rules for which sector?
    A. Oil Marketing Companies B. Financing Institutions C. Micro, Small and Medium Enterprises D. Travel and Tourism Answer: A

Q2. Which state was awarded as the best state under the Swachh Survekshan Grameen Awards 2018?
    A. Telangana B. Haryana C. Karnataka D. Gujarat Answer: B

Q3. India’s first Global Skills Park will be set up in which state?
    A. Andhra Pradesh B. Maharashtra C. Madhya Pradesh D. Rajasthan Answer: C

Q4. Who was appointed as the Executive Chairman of National Legal Services Authority of India (NALSA)?
    A. Justice Ranjan Gogoi B. Justice Indu Malhotra C. Justice Suresh Kumar D. Justice Madan Bhimarao Lokur Answer: D

Q5. Who won the 2018 Nobel Peace Prize?
    A. Nadia Murad B. George P Smith C. Oprah Winfrey D. Sir Gregory P Winter Answer: A

Q6. When the Worlds Teachers’ Day is celebrated every year?
    A. 4 October B. 5 October C. 6 October D. 7 October Answer: B

Q7. India recently signed a USD 5.43 billion deal to procure the S-400 Triumf missile system from which country?
    A. USA B. Japan C. Russia D. South Korea Answer: C

Q8. In its fourth Bi-monthly Monetary Policy Statement for 2018-19, the RBI fixed the Repo Rate at what percent?
    A. 7.5 percent B. 5.5 percent C. 6.0 percent D. 6.5 percent Answer: D

Q9. National Institute of Mental Health Rehabilitation will be established in District instead of Bhopal.
    A. Indore B. Panaji C. Gwalior D. Sehore Answer: D

Q10. The National Khadi Festival 2018 is being organised in.
    A. New Delhi B. Mumbai C. Ahmedabad D. Hyderabad Answer: A

Q11. World Animal Day is celebrated on.
    A. 4th October B. 1st October C. 7th October D. 7th September Answer: A

Q12. The First ever Regional Conference on 'Women in Detention and Access to Justice' took place at.
    A. Lucknow B. New Delhi C. Dehradun D. Shimla Answer: D

Q13. The Supreme Court has constituted a three-member committee headed by to look into the aspect of jail reforms.
    A. Nachiket Mor B. Deepak Mohanty C. Amitava Roy D. A Ghosh Answer: C

Q14. Which of the following state was ranked as the best State in Swachh Survekshan Grameen Awards 2018?
    A. Uttarakhand B. Haryana C. Punjab D. Himachal Pradesh Answer: B

Q15. India’s first Global Skills Park will be established in?
    A. Maharashtra B. Punjab C. Madhya Pradesh D. Karnataka Answer: C

Q16. National Mission for Clean Ganga (NMCG) has partnered with to launch a month-long rafting expedition "Mission Ganga"?
    A. Tata Steel Adventure Foundation B. Wipro Adventure Foundation C. Uttarakhand government D. ITBP Adventure Unit Answer: A

Q17. Who has become the youngest Indian to score a century on Test debut?
    A. Lokesh Rahul B. Prithvi Shaw C. Karun Nair D. Rishabh Pant Answer: B

Q18. The private lender ICICI has appointed as managing director and chief executive officer for five years?
    A. Arundhati Bhattacharya B. Rana Kapoor C. Sunil Mehta D. Sandeep Bakhshi Answer: D

Q19. Russian President Vladimir Putin is in India on a two-day visit. He will attend the 19th India-Russia Annual Bilateral Summit, which is taking place at?
    A. New Delhi B. Hyderabad C. Kochi D. Mumbai Answer: A

Q20. Has emerged as the richest Indian for the year 2018 according to 'Forbes India Rich List 2018'?
    A. Jeff bezos B. Hinduja brothers C. Mukesh Ambani D. Azim Premji Answer: C

Q21. The Reserve Bank of India (RBI) has allowed state-owned oil companies to borrow long-term working capital from overseas. RBI relaxed the policy on borrowing up to from the overseas by the state-owned fuel retailers?
    A. 1 billion USD B. 10 billion USD C. 100 million USD D. 500 million USD Answer: B

Q22. Chanda Kochhar has quit as CEO of with immediate effect?
    A. Axis Bank B. ICICI Bank C. HDFC Bank D. IDBI Bank Answer: B

Q23. Asian Development Bank (ADB) and the Government of India signed a Loan Agreement in New Delhi to establish a Global Skills Park (GSP) in India?
    A. $330 million B. $240 million C. $100 million D. $150 million Answer: D

Q24. Denis Mukwege and Nadia Murad have won the Nobel Prize 2018 in which field?
    A. Literature B. Physics C. Chemistry D. Peace Answer: D

Q25. With whom has India signed a $5.43 billion deal for five S-400 missile system on 5 October 2018?
    A. Russia B. Japan C. Germany D. USA Answer: A

Q26. As per the report, a loss of around Rs crores has been incurred by the Indian Railways over the last three fiscals.
    A. 1,000 B. 2,000 C. 3,000 D. 4,000 Answer: D

Q27. Which of the following has been awarded the 'National Safety Award' by Ministry of Labour and Employment?
    A. Tata Motors B. Mahindra & Mahindra C. ​Maruti Suzuki D. Hero MotoCorp Answer: C

Q28. Justice Surya Kant has been appointed the Chief Justice of which High Court in October 2018?
    A. Allahabad B. Himachal Pradesh C. Patna D. Delhi Answer: B

Q29. Who has been designated as the deputy national security advisor (internal affairs) on 4 October 2018?
    A. Jyotindra Nath Dixit B. M. K. Narayanan C. Shivshankar Menon D. RN Ravi Answer: D

Q30. When is the World Teachers' Day, also known as International Teachers Day, held annually?
    A. 5 September B. 5 October C. 5 November D. 5 December Answer: B