Daily Current Affairs 2012 Quiz : August 1, 2012

August 9th, 2012

1. Consider the following Statements:
1.Indian Navy has commissioned its new air station INS Baaz to counter China's moves in Indian Ocean.
2.INS Baaz is the southernmost air station of the Indian armed forces, and overlooks the crucial Malacca Strait.
Which among the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

Both 1 and 2

2. Recently the RBI has slashed the Statutory Liquidity Ratio (SLR) from :
[A]25% to 23%
[B]25% to 24%
[C]24% to 22%
[D]24% to 23%

24% to 23%
The Reserve Bank of India (RBI), has kept the key indicative policy rates unchanged while it cut the gross domestic product (GDP) forecast for the current financial year from 7.3 per cent to 6.5 per cent and raised the inflation forecast from 6.5 per cent to 7 per cent. However, the RBI cut the Statutory Liquidity Ratio (SLR) by one percentage point from 24 per cent to 23 per cent which is expected to provide liquidity of around Rs.60,000 crore. The RBI kept the Repo rate unchanged at 8 per cent, and the Cash Reserve Ratio (CRR) at 4.75 per cent. Repo rate is the rate at which banks borrow money from the central bank. CRR is the portion of deposits banks have to keep with the central bank in cash.

3. In London Olympics 2012, swimming champion Michael Phelps has created history by claiming 19th Olympic medal beating Soviet gymnast ________'s record of 18 Olympic medals.
[A]Larisa Latynina
[B]Svetlana Khorkina
[C]Maria Paseka
[D]Olga Korbut

Larisa Latynina

4. Consider the following Statements regarding the targets set under priority sector lending for domestic and foreign banks operating in India:
1.The local banks, both the public and private sectors have to lend 40 % of their net bank credit (NBC) to the priority sector as defined by RBI.
2.Foreign banks have to lend 32% of their NBC to the priority sector.
Which among the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

Both 1 and 2

5. Consider the following Statements regarding the Delhi Mumbai Industrial Corridor Project:
1.It is an ambitious project aimed at developing an Industrial Zone spanning across six states in India.
2.It be will be funded through private-public partnership and foreign investment from Japan.
Which among the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

Both 1 and 2
The corridor would include six mega investment regions of 200 square kilometers each and will run through six states Delhi, Western Uttar Pradesh, Southern Haryana, Eastern Rajasthan, Eastern Gujarat and Western Maharashtra. The corridor, spread across 2,700 km with an additional 5,000 km of feeder lines connecting Mumbai to West Bengal.

6. Which among the following has/have been identified as the basin(s) of Shale Gas by the Directorate General of Hydrocarbons (DGH) ?
[A]Cauvery onshore
[B]KG onshore
[C]Indo-Gangetic basin
[D]All of the above

All of the above

7. Which among the following Indian States has made unmarried daughters of retired government employees entitled to a share in the family pension?
[A]Rajasthan
[B]Gujarat
[C]Bihar
[D]Uttar Pradesh

Rajasthan
Unmarried daughters of retired government employees in Rajasthan will be entitled to a share in the family pension even after attaining the age of 25. The Rajasthan Civil Services (Pension) Rules, 1996, will be amended to facilitate this decision taken by the State Cabinet. According to the proposal, a government employee’s son or daughter suffering from any disorder or challenged mentally or physically and not able to earn a livelihood will be eligible for family pension beyond the age of 25 years. The monthly income limit for eligibility in such cases has also been increased from Rs.2,550 to Rs.6,000

8. Which country has developed the first bio-inspired water striding microbot (robot) which is capable of not just walking on water but jumping up and down on the water’s surface?
[A]China
[B]US
[C]Japan
[D]India

China

9. Benjamin Netanyahu is the Prime Minister of ______ :
[A]Maldives
[B]Seychelles
[C]Israel
[D]Indonesia

Israel

10. Consider the following African countries:
1.Somalia
2.Ethiopia
3.Eritrea
4.Djibouti
Which among the above form the 'Horn of Africa':
[A]1, 2 and 3
[B]1, 2 and 4
[C]1, 3 and 4
[D]1, 2, 3 and 4

1, 2, 3 and 4