9-11 June 2018 Current Affairs

2018 French Open | Rafael Nadal | Simona Halep | Bayer-Monsanto | Sunil Mehta Committee | national disaster risk index |

Posted on Jun 11, 2018 00:17 IST in Current Affairs.

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1) Spanish tennis great Rafael Nadal defeated which player to win his record 11th French Open men’s singles title on 10 June 2018? - Dominic Thiem (Austria)

Explanation: Nadal won another French Open men’s singles title on 10 June 2018 as he defeated Dominic Thiem by 6-4, 6-3 and 6-2 on 10 June 2018. This was his 11th French Open title in 14 years.

- He moves alongside Margaret Court for the most titles at the same slam, 11. His total of 17 majors edges him closer to the 23 owned by 36-year-old Roger Federer.

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2) Who won the women’s singles title of French Open 2018 to win her first ever tennis grand slam singles title on 9 June 2018? - Simona Halep (Romania)

Explanation: World number one Simona Halep finally won her first Grand Slam title with a gutsy comeback victory over American 10th seed Sloane Stephens in the French Open final played on Roland Garros on 9 June 2018.

- The 26-year old Romanian player battled back to take a see-saw second set against the US Open champion to win 3-6, 6-4, 6-1.

- Halep had lost in two previous French Open finals - to Maria Sharapova in 2014 and Jelena Ostapenko in 2017 - and against Caroline Wozniacki in this year's Australian Open final.

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3) Which 117-year-old US agribusiness brand-name is poised to be dropped as German conglomerate Bayer on 7 June 2018 closed the $63 billion merger with this company? – Monsanto

Explanation: German conglomerate Bayer on 7 June 2018 closed its $63 billion merger with U.S.-based seeds maker Monsanto after getting the required nod from U.S. and EU regulators. After completion of the merger Bayer announced that Bayer will remain the company name. Monsanto will no longer be a company name. The acquired products will retain their brand names and become part of the Bayer portfolio.

- However, the companies' separately listed Indian units, Bayer CropScience Ltd. and Monsanto India Ltd., will continue to operate independently for the time being.

- Monsanto, which was established in 1901 in Missouri, has been the largest maker of genetically modified seeds and thus has been a lightning rod for environmentalists' opposition to the technology. The company has also drawn criticism for pursuing its intellectual property rights with farmers, many of which depend on its seeds, more aggressively than its peers.

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4) Union Government on 8 June 2018 constituted a bankers’ committee to study setting up of asset reconstruction firms (ARCs) for clean-up of non-performing assets (NPAs). This committee was set-up in the backdrop of the state-owned banks reeling under bad loans and losses. Who is heading this committee? - Sunil Mehta (PNB)

Explanation: Sunil Mehta, non-executive chairman, Punjab National Bank (PNB) is heading the bankers’ committee setup on 8 June 2018 to study setting up of asset reconstruction firms (ARCs) for clean-up of NPAs. The committee will come out with its recommendations in two weeks.

- The committee was constituted in the backdrop of the state-owned banks reeling under bad loans and losses, and conservatism setting in among bankers vis-a-vis lending. It will consider whether such an arrangement will be good for the banking system; it will also consider the modalities by which such an ARC should be set up.

- ARCs or asset management companies (AMCs) are floated primarily for faster resolution of stressed assets.

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5) Which state topped the first ever national disaster risk index to map hazards and vulnerabilities across 640 districts that was released by the Union Government on 9 June 2018? - Maharashtra

Explanation: A national disaster risk index mapping hazards and vulnerabilities across 640 districts puts Maharashtra at the top of the chart followed by West Bengal, Uttar Pradesh and Madhya Pradesh, while Delhi is most at risk among Union territories (UTs).

- The index factors in exposure of population, agriculture and livestock and environmental risk in drawing up the rankings. The top states are followed by Rajasthan, Karnataka, Assam, Andhra Pradesh, Gujarat and Bihar while those vulnerable to disasters like cyclones, landslides and earthquakes, like Andhra Pradesh and hill states, are relatively lower in the index.

- The index is currently in the form of a draft report prepared by the Union home ministry with support from the United Nations Development Programme (UNDP).

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