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GK & Current Affairs Quiz: June 1, 2017 First Published: June 1, 2017 | Last Updated:June
2, 2017 1. India has signed how much amount of loan agreement with the World Bank

(WB) for Himachal Pradesh Public Financial Management Capacity Building Programme?
[A] $68 million [B] $56 million [C] $36 million [D] $45 million Hide Answer Correct Answer:
C [$36 million] Answer Explanation: India has recently signed a loan agreement of $36
million with the World Bank (WB) for Himachal Pradesh Public Financial Management

Capacity Building Programme. The purpose of the project is to improve the efficiency of
public expenditure management and tax administration in Himachal Pradesh. The
programme size is $45 million, of which $36 million will be financed by the Bank, and the
remaining amount will be funded out of State Budget. The programme duration is 5 years.

2. Who has been appointed as the new Economic Affairs Secretary? [A] Arvind Mayaram
[B] Shaktikanta Das [C] Vijay Kelkar [D] Tapan Ray Hide Answer Correct Answer: D
[Tapan Ray] Answer Explanation: Tapan Ray, the 1982 batch Gujarat cadre IAS officer
and currently the corporate affairs secretary, has taken additional charge as the new

Economic Affairs Secretary. He succeeded Shaktikanta Das, who retired on May 31, 2017
after serving the government for 37 years in various capacities. 3. Which country to host
2017 board of governors meeting of Asian Infrastructure Investment Bank (AIIB)? [A]
South Korea [B] China [C] India [D] South Africa Hide Answer Correct Answer: A [South

Korea ] Answer Explanation: The 2nd annual meeting of the board of governors of the
Asian Infrastructure Investment Bank (AIIB) will be held in Jeju, South Korea from June
14-15, 2017. The purpose of the AIIB is to promote economic development of the region
by supporting major infrastructure projects. From India, Finance Minister Arun Jaitley

will attend the meeting. AIIB is headed by Jin Liqun, the former Assistant Chinese
Finance Minister. D J Pandian from India is the Vice President and Chief Investment
Officer of the organization. 4. Who has been appointed as the new chairman of National
Commission for Scheduled Castes (NCSC)? [A] Keshav Prasad Maurya [B] Ram Shankar

Katheria [C] P M Kamalamma [D] PL Poonia Hide Answer Correct Answer: B [Ram
Shankar Katheria] Answer Explanation: Ram Shankar Katheria, a BJP MP from Agra, has
been appointed as the new chairman of National Commission for Scheduled Castes
(NCSC) for a period of three years. The post has been lying vacant since the retirement

of the previous chairman PL Poonia in 2016. Beside this, L. Murugan has appointed as
Vice-Chairman of the NCSC and K. Ramulu, Dr. Yogendra Paswan and Dr. Swaraj Vidwan
as its Members. The commission is a constitutional body to safeguard interests of the
dalits. 5. India’s first freight village will be set up in which of the following cities? [A] New

Delhi [B] Udaipur [C] Varanasi [D] Chennai Hide Answer Correct Answer: C [Varanasi]
Answer Explanation: India’s first ‘freight village’ will be developed by the Inland Water-
ways Authority of India (IWAI) in Varanasi, Uttar Pradesh. The freight village, a one-of-
its-kind infrastructure platform, will attract companies that require logistics services and

can cluster to improve their competitiveness. This will allow relocation of retailers, ware-
house operators and logistics service providers supplying the regional FMCG market.