GK & Current Affairs Questions: September 14, 2013

September 16, 2013 October 27, 2017

1. Which of the following entities constitute the system of Shadow Banking in India?
1.Hedge fund
2.Structured investment vehicles
3.Money market funds
4.Special purpose entity conduits
Chose the correct answer from the codes given below?
[A]Only 1 & 2
[B]Only 1 & 3
[C]Only 1, 2 & 3
[D]1, 2, 3 & 4

1, 2, 3 & 4
The Shadow banking system is the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. It is sometimes said to be include entities such as hedge funds, structured investment vehicles, money market funds, special purpose entity conduits, credit insurance providers and finance companies.

2. Which of the following planets is called as “Lord of Heaven”?
[A]Jupiter
[B]Saturn
[C]Mars
[D]Neptune

Jupiter
Jupiter is called Lord of Heaven.

3. Name the Indian woman, who has been declared as the world’s tallest woman recently?
[A]Jyoti Amge
[B]Siddiqa Parveen
[C]Rupa Amte
[D]Meena Sundar

Siddiqa Parveen
Siddiqa Parveen from South Dinajpur in West Bengal was declared the world’s tallest woman. Parveen received the title from the Guinness World Records. This was announced in the new record book launched in the second week of 2013 in London. The entry said the tallest woman living is Siddiqa Parveen, who was measured to be at least 7 feet 3.5 inches.

4. As per the latest report, which one of the followings has become the world’s second most populous mega city?
[A]New Delhi
[B]Mumbai
[C]Kolkata
[D]Bangalore

New Delhi
The urban agglomerations of Mumbai and Delhi, which barely matched up to global cities in size in 1950, are now counted among the seven most populous mega-cities in the world, reveals the 2013 World Population Data sheet released by the US’s Population Reference Bureau. Delhi and its extended suburbs, with its population of 22.7 million as of 2011, is the second most populous urban sprawl in the world after Tokyo, out sizing the traditionally populous Shangai and New York.

5. As per the Prime Minister’s economic advisory panel India’s economy growth for 2013-14 is ___ ?
[A]5.9 percent
[B]6 percent
[C]5.3 percent
[D]5 percent

5.3 percent
The Economic Advisory council to Prime Minister slashed its growth forecast for 2013-14 but signalled that the economy may pick up pace in the second half on the back of a rebound in the farm sector and impact of reform measures. The council headed by former RBI governor C Rangarajan said the economy is expected to grow 5.3% in 2013-14.

6. Which of the following country has launched a deep ultraviolet (DUV) solid state laser device, making the country first ever in the world to posses such technology?
[A]Japan
[B]China
[C]Russia
[D]USA

China
The Chinese Academy of Science has launched a deep ultraviolet (DUV) solid state laser device, making the country first ever in the world to posses such technology.

7. As per the latest decision by SEBI, who among the followings can now invest in government securities without any auction mechanism?
1.Foreign institutional investors
2.Qualified foreign investors
3.Overseas Indian citizens
4.Non resident Indians
Chose the correct answer from the codes given below?
[A]Only 1 & 3
[B]Only 1 & 2
[C]Only 2 & 3
[D]Only 2 & 4

Only 1 & 2
To boost foreign fund inflows into the capital markets, regulator SEBI allowed overseas entities to invest in government securities without any auction mechanism. It has been decided that Foreign institutional investors/Qualified foreign investors can now invest in government debt without purchasing debt limits till the overall investment reaches 90% after which the auction mechanism shall be initiated for the allocation of the remaining limits.

8. The Sakharov Prize for Freedom of Thought was established by __ ?
[A]European Parliament
[B]United Nation
[C]World Bank
[D]UNICEF

European Parliament
The Sakharov Prize for Freedom of Thought, named after Soviet scientist and dissident Andrei Sakharov was established in December 1988 by the European Parliament as a means to honour individuals or organisations who have dedicated their lives to the defence of human rights and freedom of thought.

9. Who among the following is the current Director General of World Trade Organisation (WTO)?
[A]Pascal Lami
[B]Roberto Azevedo
[C]William Rappard
[D]Harry White

Roberto Azevedo
Roberto Azevedo is the current Director-General of World Trade Organisation.

10. In which of the following country the Kashagan oil field is located?
[A]Pakistan
[B]Russia
[C]Kazakhstan
[D]Argentina

Kazakhstan
Kashagan field is an offshore oil field in the Kazakhstan’s zone of the Caspian Sea.

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