GK & Current Affairs: August 22, 2013

1. Who among the following benefit in the short term by the steep depreciation in Rupee?
1. Small traders at tech hubs
2. Exporters
3. Importers
4. Indian Tourists who visit USA
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 4
[C]Only 2
[D]Only 1 & 3

Only 2


2. As per the latest Census report, the sex ratio in India is ___ females per thousand males in 2011.
[A]931
[B]938
[C]943
[D]954

943


3. As per the recent data, India’s tax-to-gross domestic product (GDP) ratio stands at ?
[A]6.3%
[B]7.8%
[C]8.9%
[D]9.3%

7.8%
There are about 35 million taxpayers in the country. In 2012-13, the Centre’s tax to-GDP ratio stood at 7.8 per cent. India’s tax-to-gross domestic product (GDP) ratio is among the lowest in the world.


4. The Forward Market Commission comes under the purview of which among the following ministries at present?
[A]Minister of Consumer Affairs
[B]Ministry of Finance
[C]Ministry of Agriculture
[D]Ministry of Commerce

Minister of Consumer Affairs
In recent times, the finance ministry is pitching for bringing the Forward Market Commission under its purview from the consumer affairs ministry at present. Consumer Affairs Ministry has agreed to the proposal in the wake of deepening payment crisis at NSEL.


5. According to the Companies Bill 2013, which among the following companies have to shell out some amount towards Corporate Social Responsibility (CSR) and sustainability activities?
1. Government Companies with profit after tax (PAT) of Rs 500 crore and above
2. Government Companies with profit after tax (PAT) of Rs 100 crore and above
3. Private Companies with turn over of Rs. 500 Crore or more
4. Private Companies with net worth of Rs 200 crore or more
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1, 2 & 3
[D]1, 2, 3 & 4

Only 1 & 2
State-run firms, having less than Rs 100 crore Profit After Tax (PAT), are required to shell out 3 to 5% of that amount towards CSR and sustainability activities. In the case of companies having PAT of Rs 100 to 500 crore, the limit is 2 to 3%. For entities having PAT of Rs 500 crore and above, the spending level is fixed at 1 to 2%. Meanwhile, the CSR norms would be applicable for private companies having either net worth of Rs 500 crore or more; turnover of Rs 1,000 crore or more; or net profit of Rs 5 crore or more.


6. The funds from which among the following are known to be highly concessional or interest-free loans and grants?
[A]International Bank for Reconstruction and Development
[B]International Development Association
[C]International Finance Corporation
[D]Asian Development Bank

International Development Association


7. Which among the following can help in bridging the current account deficit?
1. Improving domestic production of coal
2. Exporting more software
3. Rising Minimum Support Prices
4. Attracting more foreign tourists
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 1, 2 & 4
[C]Only 2, 3 & 4
[D]1, 2, 3 & 4

Only 1, 2 & 4


8. The headquarters of the proposed Bhartiya Mahila Bank is ___?
[A]New Delhi
[B]Mumbai
[C]Kolkata
[D]Chennai

New Delhi
The Bharatiya Mahila Bank proposes to complete the first six branches at Mumbai, Delhi, Kolkata, Chennai, Indore and Guwahati by October 15 and take the total to 25 by March 31, 2014. Its headquarters will be at New Delhi.


9. In the recently amended Direct Tax Code, a new slab has been created 35% Income Tax liability for those who earn more than __?
[A]Rs. 1 Crore
[B]Rs. 5 Crore
[C]Rs. 10 Crore
[D]Rs. 20 Crore

Rs. 10 Crore


10. Which among the following is NOT a major handicraft hub of India catering to global markets.?
[A]Moradabad
[B]Jaipur
[C]Jodhpur
[D]Patna

Patna
The handicraft sector employs one million people. Moradabad, Jaipur, Saharanpur and Jodhpur are the major handicraft hubs in the country catering to global markets.

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Comments

  • sonia
    Reply

    tanx for this notes…kindly plsssssss upload more notes about gk related with upcoming ibps clerks exam

  • Zerogravity
    Reply

    wndrful…

  • Varun
    Reply

    As per the latest Census report, the sex ratio in India is 940 females per thousand males in 2011.
    You have given 943….

  • Varun
    Reply

    According to the Companies Bill 2013, which among the following companies have to shell out some amount towards Corporate Social Responsibility (CSR) and sustainability activities?
    1. Government Companies with profit after tax (PAT) of Rs 500 crore and above
    2. Government Companies with profit after tax (PAT) of Rs 100 crore and above
    3. Private Companies with turn over of Rs. 500 Crore or more
    4. Private Companies with net worth of Rs 200 crore or more

    The explanation given below this question shows that in place of option 1, option 3 is correct because 1,2 and 3 all three are correct.

  • dhan
    Reply

    Sir, plz some general studies related question answers include

  • kiran
    Reply

    Reply to commts of varun

    Hey guy check the options properly as u said option 3 is correct, see the turnover must be 1000 crore and net worth 500 crore, so the answers are statements 1 and 2 only. Hope u understood..!

    Great going by Gktoday an awesome work that simplifies our work, Thanks friends