Quiz 247 : Business and Banking Current Affairs for Bank Examinations

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1.Which among the following statement is correct regarding the defense procurement policy (DPP) 2009?
(A)Request for proposal (RFP) for Defense Procurement will be issued to foreign companies only
(B)Request for proposal (RFP) for Defense Procurement will be issued to foreign as well as domestic companies
(C)Request for proposal (RFP) for Defense Procurement will be issued to domestic companies only
(D)Request for proposal (RFP) for Defense Procurement will not be issued
(E)None of the above

2.Ahead of G20 finance ministers meeting in Scotland next month, which of the following 3 countries have pooled in their collective economic weight to push for greater voting power of developing and emerging countries in global economic bodies?
(A)India, Russia & China
(B)India, Brazil & Russia
(C)Brazil, China & Russia
(D)India, China & Brazil
(E)China, India & Brazil

3.In the second quarterly review of the credit policy, which among the following has been changed by RBI ?
(A)Repo Rate
(B)Reverse Repo Rate
(C)Cash Reserve Ratio
(D)Statutory liquidity ratio
(E)None of the above has been changed

4.As per the half-yearly review of India's monetary policy for 2009-10 conducted by Reserve Bank of India, futures trading to be also allowed which of the following currencies?
(A)Euro & Yen
(B)Euro, Yen & Pound-Sterling
(C)Euro, Yen, Pound-Sterling & Swiss franc
(D)Euro, Yen, Pound-Sterling & Ruble
(E)None of the above

5.At which of the following places ninth trilateral meeting between Russia, India and China (RIC) was held recently to explore business opportunities in key sectors, including infrastructure and energy?
(A)New Delhi
(B)Hyderabad
(C)Mumbai
(D)Bangalore
(E)Chennai

6.Recently three states Punjab, Haryana & Uttar Pradesh have raised the state advised price (SAP) for sugarcane for the coming crushing season. Which among the following is correct combination of the hiked rates?
(A)Haryana Rs. 10, Punjab Rs. 20, Uttar Pradesh Rs. 25
(B)Haryana Rs. 15, Punjab Rs. 25, Uttar Pradesh Rs. 30
(C)Haryana Rs. 10, Punjab Rs. 15, Uttar Pradesh Rs. 25
(D)Haryana Rs. 15, Punjab Rs. 25, Uttar Pradesh Rs. 30
(E)Haryana Rs. 10, Punjab Rs. 20, Uttar Pradesh Rs. 30

7.What are the RBI's bank rate, repo rate, reverse repo rate and CRR respectively?
(A)5.5%, 5.75%, 3.25% and 5%,
(B)6%, 4.75%, 3% and 5%,
(C)6%, 4.75%, 3.25% and 5%,
(D)6%, 4.75%, 3.25% and 4.5%,
(E)6.5%, 4.75%, 3.25% and 5%,

8.To facilitate flow of credit to various sectors of state economy including the micro, small and medium enterprises, ancillary and downstream industries, Industrial Promotion and Investment Corporation of Orissa Ltd (Ipicol) has recently entered into a pact with which of the following banks?
(A)State Bank of India
(B)Union Bank of India
(C)Bank of India Ltd
(D)Central Bank of India
(E)Corporation Bank

9.Recently we read in the newspapers that the benchmark prime lending rate (BPLR) also called Base Rate by a Panel constituted by RBI to review the system of lending rates could serve as the benchmark for floating rate loans.Who among the following headed this panel?
(A)Deepak Mohanty
(B)Usha Thorat
(C)P Vijay Bhaskar Rao
(D)Dr. Rakesh Mohan
(E)None of the above

10.What is India's position in the World Economic Forum's 'The Global Gender Gap Index 2009 rankings'?
(A)111
(B)134
(C)114
(D)125
(E)102

11.As per the recent news published in various newspapers, what has been the China's GDP growth rate in the third quarter of 2009?
(A)7.8 %
(B)8.9%
(C)8.2%
(D)8.6%
(E)9.2 %

12. Recently the Information Technology (Amendment) Act, 2008, has become effective from September 28, 2009. Apart from monitoring and interception this act also deals with the appointment of ICERT that deals with computer security and situations arising from cyber attacks.What is the full form of ICERT?
(A)Indian Cyber Emergency Review Team
(B)Indian Cyber crime Emergency Response Team
(C)Indian Computer Entrepreneurs Response Team
(D)Indian Computer Emergency Response Team
(E)None of the above

13.Who among the following is called guru of Micro finance in India?
(A)Vijay Mahajan
(B)Vikram Akula
(C)M. S. Swaminathan
(D)Muhammad Yunus
(E)Amartya Sen

14.Which of the following Micro Finance Institution (MFI) has recently won the ‘institution of the year’ award recently in the Microfinance India awards, instituted by NGO Access Development Services and HSBC?
(A)Micro credit Foundation of India
(B)Bandhan
(C)Grameen Koota
(D)Sharada's Women's Association for Weaker Section
(E)Asmitha Microfin Ltd.

15. The Department of Posts will roll out a new service called Money Order Videsh which would enable the postal customers to send money overseas and also receive money from abroad. This service is to be launched in association with which of the following core banking / network systems?
(A)An Post
(B)Eurogiro (British Post)
(C)Canada Post
(D)PostEurop
(E)UK Mail

16.Recently the government of India's Cabinet Committee on Economic Affairs (CCEA) has approved the competitive bidding process for setting up large-scale biogas plants. The bidding will be conducted under the National Biogas and Manure Management Programme (NBMMP). In which year this Programme was launched?
(A)1992-93
(B)1981-82
(C)1967-97
(D)1999-2000
(E)2001-02

17.Recently, India and China have signed an agreement to jointly fight climate change and negotiate international climate deals part from a decision to set up a Joint Working Group (JWG) that will hold annual meetings alternately in China and India to discuss respective domestic policies and measures and implementation of related cooperative projects. This agreement is for a period of ___?
(A)2 years
(B)3 years
(C)5 years
(D)4 years
(E)7 years

18.Recently Software giant Microsoft has launched how many editions of Windows 7 ?
(A)3
(B)4
(C)5
(D)6
(E)2

19.In the recent second quarterly review of the monetary policy what is the GDP growth target for FY10?
(A)6.5% with upwardly bias
(B)6% with upwardly bias
(C)6.9% with upwardly bias
(D)5.8 % with upwardly bias
(E)7% with upwardly bias

20.What is the RBI's projection of inflation by the end of March 2010 ?
(A)5%
(B)5.5%
(C)5.75%
(D)6.00 %
(E)6.5 %