Current Affairs Quiz : August -3 For Banking Officers Examinations

1.To whom among the following, a Judge of a High court would tender his / her resignation?
(A)Chief Justice of High Court
(B)Chief Justice of Supreme Court
(C)Governor of the state in question
(D)President of India

2.Which among the following is the correct definition of a Flea Market ?
(A)A flea Market is another name for a near perfect competitive market such as a vegetable market
(B)A Flea Market is a market where stolen goods are sold and purchased
(C)A Flea market is a market where used and old goods are sold and bartered
(D)A Flea Market is a market for insecticides

3.The following picture shows three frames of animation from George W. Bush to Arnold Schwarzenegger.

The technique used producing animation in which one image changes into another is called?
(B)Miniature effect
(D)Digital compositing

4.Around which of the following planets a mega ring was discovered recently?

5.As of march 2010, Reserve bank of India held 557.75 tons of Gold. This amount of gold makes what fraction of Total Foreign Exchange Reserves of India?

6.We known that since 1991, India’s Foreign Exchange reserves have grown significantly. In recent years India has been successful in accumulate large foreign exchange reserves which are now a days considered an important parameter in gauging the ability to absorb external shocks. In
this context, in which of the following financial years, India’s foreign exchange reserves decreased for entire year rather than increasing?
(A)March 2006-March 2007
(B)March 2007-March 2008
(C)March 2008-March 2009
(D)March 2009-March 2010

7.consider the following statements:
1. Foreign Currency Assets are maintained only by RBI
2. Foreign Currency Assets are maintained only in US Dollars
Which among the above statement is / are correct?
(A)1 only
(B)2 only
(C)Both 1 & 2
(D)neither 1 nor 2

8.Who among the following was the Chairman of the Committee on Fuller Capital Account Convertibility (July 2006)?
(A)SS Tarapore
(B)Abid Hussain
(C)Usha Thorat
(D)C Rangarajan

9.How often the RBI releases Reserve Bank of India’s Reference Rate for the US dollar?

10.In which of the following years, India was appointed by the International Monetary Fund, as a creditor under its Financial Transaction Plan (FTP)?

11.The Foreign exchange reserves are viewed as a market stabilizing force in an uncertain International economic environment. Keeping this in view, which among the following approach is warranted in management of Market Risk by the Reserve Bank of India?
(A)Currency Risk
(B)Interest Rate Risk
(C)Liquidity Risk
(D)Operational Risk

12.”Department of External Investments and Operations” falls within the ambit of which of the following?
(A)Reserve Bank of India
(B)Ministry of External Affairs
(C)Ministry of Commerce & Industry
(D)Ministry of Finance

13.Which among the following is an Information Security Management System (ISMS) standard ?
(A)ISO 9201
(B)ISO 27001
(C)ISO 14001
(D)ISO 9000

14.68 Central banks across the world have adopted the Special Data Dissemination Standards and India’s RBI is one of them. What kind of data is to be published under the Special Data Dissemination Standards?
(A)Liabilities and Assets Data
(B)Quarterly Banking Data
(C)Foreign Exchange Reserves Data
(D)Payment and settlement Systems Data

15.Gopal Das is the CMD of which of the following PSUs ?



  1. pooja mishra

    August 6, 2010 at 9:34 am

    very informative .thanks for help

  2. Swathi

    August 6, 2010 at 11:21 pm

    thanx alot

  3. Anonymous

    August 7, 2010 at 6:04 am


    The total number of commercial banks nationalised so far is————–

    A 7
    B 14
    C 20
    D 24
    E None of these

    hey friend plz give me correct answer of this

  4. Admin

    August 7, 2010 at 6:39 am

    1. SBI was taken over by the Government in 1955.
    2. 14 banks nationalised in July 1969
    3. 6 more banks nationalised in 1980
    Total =21
    New bank of India later merged with Punjab National Bank
    Total 21-1 = 20 is the correct answer

  5. Anonymous

    August 7, 2010 at 7:55 am


  6. Anonymous

    August 9, 2010 at 9:20 am

    i m interest and very halp me the gk today site


    August 9, 2010 at 9:24 am


  8. Anonymous

    August 12, 2010 at 11:50 am

    very useful thanks

  9. Mohak

    August 13, 2010 at 11:35 pm

    Q. Which actress was appointed UNICEF"s national

    Ans. Priyanka Chopra

  10. Anonymous

    August 17, 2010 at 6:03 am

    very very helpful thanksssssssssss

  11. Anonymous

    October 15, 2010 at 4:13 am

    good information about banking exams

  12. Anonymous

    October 19, 2010 at 8:21 am

    no doubt that gktoday is a useful site but it should be more user friendly

  13. Anonymous

    November 6, 2010 at 11:09 am

    a very useful site indeed.

  14. Anonymous

    January 27, 2011 at 11:50 pm

    good info
    very helpful

  15. Anonymous

    May 17, 2018 at 8:34 pm

    The State Bank of India was founded as the Imperial Bank of India in January 1921 through the merger of Bank of Calcutta, Bank of Bombay and Bank of Madras. In 1955, the Reserve Bank of India bought a 60-percent stake in the bank and renamed it State Bank of India (SBI Act, 1955). During the nationalisation of banks in 1969, and again in 1980, SBI was not added to the list of the ‘nationalised banks’ since it was already a state-owned financial institution. In 2008, the Government of India took over the RBI’s stake in the bank to avoid any conflict of interests within the RBI (which both owned and regulated the SBI). Now though the SBI and its subsidiaries are often referred to as a nationalised bank, it is a Public Sector Undertaking (PSU) and not one of the nationalised banks of India. It is India’s largest banking and financial services enterprise as of now.


Leave a Reply

Your email address will not be published. Required fields are marked *