Sunday 3 July 2011

Current Affairs



1. Which among the following body promoted securities Trading Corporation of India Limited (STCI) jointly with the Public sector Banks?

(a) SEBI
(b) Reserve bank Of India
© IDBI Ltd.
(d) ICICI Ltd
2. The state bank of India (Amendment) Bill-2010, which was passed in the parliament in the latter half of 2010, apart from other things, reduces the statutory minimum shareholding of the Central Government in the bank from ________ to ______ %, which among the following set of figures fills the blank correctly?
(a) 59, 52
(b) 55, 51
(c) 59, 55
(d) 62, 51
3. What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents?
(a) Bill of exchange
(b) Letter of Exchange
(c) Letter of Credit
(d) Bill of entry
4. Mutual funds are regulated in India by which among the following?
(a) RBI
(b) SEBI
(c) Stock exchanges
(d) RBI and SEBI both
5. Which of the following country was the host of First Asian Yoga Championship held recently?
(a) Thailand
(b) Cambodia
(c) Vietnam
(d) Laos
6. Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?
(a) RBI
(b) Department of Agriculture
(c) NABARD
(d) Department of Finance
7. Which among the following duties is applied by a government to control the exports of a commodity, so that the commodity can be used by the local markets than in foreign countries?
(a) Custom duty
(b) Excise Duty
(c) Anti dumping duty
(d) Dumping Duty
8. We read in the newspapers that the foreign direct Investments are preferred over the Capital Inflow. In this context, please consider the following.
1. FDI brings in latest technology
2. FDI does not involve large outflow
3. FDI improves efficiency of the economy
Which among the above is/are most suitable reason/reasons for the given statement?
(a) Only 1
(b) Only 1 & 3
© Only 1 & 2
(d) All 1, 2 & 3
9. Which among the following body finalizes the market-borrowing programmers of State Governments in India?
(a) State Governments
(b) RBI
(Union Ministry of Finance
(d) Planning Commission
10. Which among the following is the only correct statement?
(a) Money market meets long term financing needs
(b) Recession in industrial sector in India is normally due to fall in exports
© Ways and means advances is given by RBI are nowhere related to state’s revenue
(d) Exchange rate is fixed by RBI
11. Which among the following is the top dividend paying company of India, as per a study done by economic Times?
(a) ONGC
(b)TCS
© ITC
(d) IOC
12. Many a times we read in the newspapers hat the Government of India signs DTAA to broaden the scope of article of exchange of information to include exchange of banking information. What does the DTSS refers to here?
(a) DTAA taxation article agreement
(b) Double taxation avoidance agreement
© Double taxation avoidance arrangements
(d) Dual tax agreement arrangement
13. What does the Canada India Research U.S. refer to?
(a) A business forum
(b) A nuclear reactor
© A scientific research group
(d) A proposed space research organization.
14. Which among the following decides the oil Prices in India?
(a) Government of India
(b) Government of Respective states
© Ministry of Petroleum
(d) Oil Companies
15. Consider the following statements in context with Treasury Bulls?
1. They are issued by Government of India on behalf of RBI
2. They are mostly for short term borrowings
3. Treasury Bills cannot be purchased by any person resident of India
Which among the above is/are correct?
(a) All are correct
(b) 2 & 3 are correct
(c) Only 2 is correct
(d) Only 3 is correct
16. Which among the following is India’s largest indigenous Research and Production Nuclear Reactor?
(a) Apsara
(b) Dhurva
© Kamini
(d) CIRUS
17. Bring out the only incorrect statement:
(a) Reserve Repo operation by RBI aims are injecting/increasing liquidity
(b) SDR refers to special drawing
© Rupee appreciation results in decrease in imports
(d) Increase in inflation rate leads to decline in real interest rate
18. Which among the following is headed by Justice Lokeshwar Singh Panta?
(a) Arms forces Tribunal
(b) National Green Tribunal
© Debt Recovery tribunal
(d) Central Administrative tribunal
19. Christine Lagarde, who recently headed the G-20 meeting of Finance Ministers and Governors of Central Banks, Is the Finance minister of which among the following countries?
(a) Australia
(b) France
© Italy
(d) Germany
20. Consider the following statements:
1. Increase in deposit rate results in higher savings
2. Increase in deposit rate results in fall in credit off takes
3. Increase in deposit rate results in increase in investment which among the above statement/statements is /are correct?
(a) 1 &2
(b) 1 & 3
© 1, 2, 3
(d) Only 1
21. Which among the following is not a feature of the proposed Companies Bill 2009?
(a) Limit on the number of the subsidiary companies
(b) Rotation of the auditors
© Reduction in the types of the companies’ categories
(d) Proposal Of national company law tribunal;
22. The universal service obligation fund (USOF) has been established under which among the following departments of Government of India?
(a) Department of Consumer Affairs
(b) Department of Industrial policy and Promotion
© Department of Telecommunication
(d) Department of Economic Affairs
23. Kuno Palpur Wildlife Sanctuary, which is being proposed as a new home for some relocated Gir lions from Gujarat, is located in which among the following states.
(a) Maharashtra
(b) Madhya Pradesh
© Orissa
(d) Rajasthan
24. Which among the following sports is NOT a part of the London Olympics?
(a) Tackwondo
(b) Baseball
© Table Tennis
(d) Triathlon
25. We read the various newspapers that during the period from June, 2009 to September 2010, the Ministry of Road transport and Highways have achieved a target of constructing on an average 12.01 km of National Highways per day. However, this achievement if shorter compared to the target of constructing 20 km of Highways per day. To achieve this target, it is time approximately ________ of works are under way. Which among the following fills the blank correctly?
(a) 10000 km
(b) 15000 km
© 20000 km
(d) 25000 km
26. Who among the following has been defeated by Saina Nehwal, who has won the Swiss open grand Prix Gold title recently, becoming the First Indian to do so?
(a) Ji Hyun Sung
(b) Wang Lin
© Kamila Rytter Juhl
(d) Shinta Mulia Juhl
27. Which among the following correctly defines the Net Interest Income?
(a) Interest earned on advances
(b) Interest earned on investments
© Total interest earned on advances on advances and investment
(d) Difference between interest earned and interest paid
28. Where is going to be established the Mahatma Gandhi Institute of education fro Peace and Sustainable development (MGIEP), the latest & first category-I institute of UNECO in South Asia?
(a) New Delhi
(b) Ahmadabad
© Mumbai
(d) Pune
29. Anant Pai, better known as ‘Uncle Pai’, who recently died was the creator of which among the following comic series?
(a) Chacha Choudhary
(b) Amar Chitra katha
© Chandamama
(d) Indrajaal
30. Which among the following is not a Nonpermanent member of United Nations Security Council for the Period of 1 January 2011 -31 December 2012?
(a) Nigeria
(b) Germany
© Portugal
(d) Columbia
31. In which among the following types comes the Interest Rate Risk?
(a) Credit risk
(b) Market risk
© Operational risk
(d) All the above categories
32. Where was held the 98th Indian Science Congress in early 2011?
(a) Hyderabad
(b) Chennai
© Kochi
(d) Kolkata
33. Which among the following international sports body had unveiled an anti-corruption committee to enhance credibility and increase transparency?
(a) International Cricket Council
(b) International Olympic Committee
© FIFA
(d) Commonwealth Games Federation.
34. E.S. L. Narasimhan is the Governor of which among the following states?
(a) Karnataka
(b) Andhra Pradesh
© Tamil Nadu
(d) Kerala
35. When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products?
(a) Increasing trend
(b) Decreasing trend
© Constant trend
(d) There is no relevance of the inflation in pricing of the Banking Products
36. In which among the following courts, Chennai open is played?
(a) Clay court
(b) Grass court
(c) Hard court
(d) Carpet court
37. Which of the following countries is located the temple of Preah Vihear, one of the famous world Heritage sites?
(a) Thailand
(b) Myanmar
© Cambodia
(d) Vietnam
38. Which among the following body gives the Pritzker Prize, the Nobel of Architecture every year?
(a) Wolf foundation
(b) Hyatt Foundation
© Royal Institute of British architects
(d) Leading European Architects Forum
39. Which among the following is the correct character of the Foreign Exchange Markets?
(a) Foreign Exchange markets are localized markets
(b) Foreign exchange markets operate within a country’s time zone
© Foreign exchange markets are dynamic and round the clock markets
(d) Foreign exchange markets are used only for trade related transactions
40. Who among the following headed the forest Rights Act review Committee that submitted its report in the first half of 2010?
(a) Syeda hameed
(b) Narender Jadhav
© Arun Maira
(d) N C Saxena
41. Who among the following is the chairman of National Knowledge Commission?
(a) Sam Pitroda
(b) Deepak Nayyar
© Nandan Nilkeni
(d) Dr. Pushp Bhargav
42. Suchitra Mitra, who died recently, was an artist of which among the following types of Music?
(a) Hindustani classical
(b) Carnatric Music
© Rabindra sangeet
(d) Pakistani Classical
43. After Uttar Pradesh, which among the following states has the maximum share in the total Route Km of Indian Railways?
(a) Rajasthan
(b) Maharashtra
© Andhra Pradesh
(d) Gujrat
44. In which of the following states of India is located a tiger reserve, which is also a World Heritage site?
(a) Rajasthan
(b) Asom
© Madhya Pradesh
(d) Uttar Pradesh
45. Which among the following Industrial Policy resolution/ statement was based upon the Mahalanobis Model of growth?
(a) Industrial Policy resolution – 1956
(b) Industry Policy statement – 1973
© Industrial Policy statement -1977
(d) Banking Policy 1969
46. in which of the following states, maximum Coast Guard stations have been established in India?
(a) Foreign Trade promotion Board
(b) Department of Commerce
© RBI
(d) SEBI
48. In which of the following states of India, world’s first Global Center for Nuclear energy Partnership was started a few months back?
(a) Rajasthan
(b) Kerala
© Haryana
(d) Uttar Pradesh
49. In which of the following states of India, there is no petroleum chemicals and Petrochemicals Investment region (PCPIR)?
(a) Asom
(b) Andhra Pradesh
© Gujrat
(d) West Bengal
50. Which among the following is correct about the Vostro Account? 
(a) It is an account maintained by a foreign bank with a bank in India in Indian Rupees.
(b) It is an account maintained by an Indian bank with a bank in foreign country in foreign currency
© It is an account maintained by a Indian Bank Branch with a Foreign Bank in Foreign currency.
(d) It is an account maintained by a Foreign bank Branch with a Indian bank in foreign currency.

Answers:

1. (b) 2. (b) 3. (c) 4. (b) 5. (a) 6. (c) 7. (a) 8. (a) 9. (d) 10. (c) 11. (a) 12. (b) 13. (d) 14. (d) 15. (c) 16. (b) 17. (c) 18. (b) 19. (b) 20. (b) 21. (c) 22. (c) 23. (b) 24. (b) 25. (c) 26. (a) 27. (d) 28. (a) 29. (b) 30. (a) 31. (b) 32. (b) 33. (c) 34. (b) 35. (a) 36. (c) 37. (c) 38. (b) 39. (c) 40. (d) 41. (a) 42. (a) 43. (a) 44. (b) 45. (a) 46. (c) 47. (c) 48. (c) 49. (a) 50. (a) 

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