Quiz 372: General Awareness on Recent Developments for Bank Officers Grade-I and Civil Services Examinations

1.Which among the following country has been frequently in news now a days for armed conflict taking place between rival drug cartels and government forces ?
(A)Thailand
(B)Mexico
(C)Peru
(D)North Korea
(E)Afghanistan

2.As per the Union Budget 2010-11, the government of India will receive a maximum amount of money from which of the following?
(A)Corporation tax
(B)Income tax
(C)Customs
(D)Service Tax
(E)Union Excise Duties

3.In which of the following heads, the government of India has decided to reduce its expenditures in the Union Budget 2010-11?
(A)Interest Payments
(B)Defense Services
(C)Subsidies
(D)Pensions
(E)None of the above

4.As we know that Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the Reserve Bank of India. Consider the following consequences , if Reserve Bank of India decides to increase the CRR substantially in its monetary policy:
1. The banks will have to keep more money with RBI and this dries up the liquidity.
2.The Banks will have to increase the Interest rates on their Home Loan products
3. The banks will be able to earn more money due to increased interest rates.
Which among the above statements hold true?
(A)all 1,2 3
(B)1 & 2 only
(C)2 & 3 only
(D)1 & 3 only
(E)3 only

Read Explanation
5.Many a times we read in the newspapers that government has hiked cess or duty on certain “demerit good”. Which among the following is an example of demerit good?
(A)Wheat Flour
(B)Rice Husk
(C)Molasses
(D)Tobacco
(E)Paracetamol

6.Which among the following has two regulators in India at present?
(A)Mutual Funds
(B)Capital markets
(C)Term Insurance Plans
(D)Unit Linked Insurance products
(E)All of above

7.Where are located the secretariat of SAARC Development Fund?
(A)New Delhi
(B)Colombo
(C)Dhaka
(D)Thimpu
(E)Kathmandu

8.In which country is located Eyjafjallajökull, where a volcano erupted in 2010?
(A)Ireland
(B)Iceland
(C)Norway
(D)Switzerland
(E)Italy

9.In which of the following states is located KG-D6 oil & gas field of Reliance Industries?
(A)Gujarat
(B)Maharastra
(C)Andhra Pradesh
(D)Karnataka
(E)Assam

10.Recently Petronet LNG Limited (a Government of India enterprise which imports (LNG) and sets up LNG Terminals in the country) has set up its first LNG Terminal at Dahej in Gujarat. Petronet LNG Limited is a joint venture between which of the following?
(A)Gas Authority of India Limited (GAIL) and Oil and Natural Gas Corporation Limited (ONGC)
(B)Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC) and Indian Oil Corporation Limited (IOC)
(C)Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL)
(D)Oil and Natural Gas Corporation Limited (ONGC) and Indian Oil Corporation Limited (IOC)
(E)None of the above

11.Which among the following administers Dr Manmohan Singh Scholarship?
(A)Cambridge University
(B)British Council
(C)Columbia University
(D)Swedish Institute
(E)Japan foundation

12.Which among the following is not an important payment and settlement systems in India?
(A)Clearing House Automated Payment System
(B)Real Time Gross Settlement System
(C)National Electronic Clearing System
(D)Regional Electronic Clearing System
(E)All of above

13.Which among the following body runs the International Radon Project ?
(A)United Nations Development Programme
(B)World Health Organization
(C)World Bank
(D)United Nations Environment Programme
(E)World Meteorological Organization

14.Carlos Slim, who is currently the wealthiest person in the world (Forbes Richest List 2010) with a net worth of around US$53.5 billion through his holdings is a businessman of ______?
(A)United States
(B)Mexico
(C)France
(D)Spain
(E)Germany

15.What fraction of all government purchases for the Micro, Small and Medium Enterprises (MSMEs) has been decided by the central Government recently?
(A)10%
(B)15%
(C)20%
(D)25%
(E)30%

16.Which among the following is not correct:
(A)India’s Richest Person: Mukesh Ambani
(B)America’s Richest Person : Warren Buffet
(C)Spain’s Richest Person: Amancio Ortega Gaona
(D)Germany’s richest person : Karl Albrecht
(E)Brazil’s richet person: Eike Batista

17.Which among the following shares the largest chunk of investment in the eleventh plan’s target investments of $ 514 Billion?
(A)Roads & Bridges
(B)Railways
(C)Electricity
(D)Telecom
(E)irrigation

18.How many years ago had occurred the K-T extinction event,(Recently 41 scientists published a paper in “Science” affirming that it was a consequence of asteroid impact).?
(A)65.5 million years ago
(B)6.55 million years ago
(C)655 million years ago
(D)65.5 Billion years ago
(E)None of the above

19.In context with Russia, what are Kommersant, Vedomosti, Vremya Novostei, Nezavisimaya Gazeta?
(A)Russia’s Defense Companies
(B)Russia’s TV Channels
(C)Russia’s Newspapers
(D)Russia’s Tourist Places
(E)Russia’s Satellite Launch centers

20.Which of the following former heads of the Federal Reserve Bank of United States had pointed out in in March 2008 that the 2008 financial crisis in the United States is likely to be judged as the harshest since the end of World War II?
(A)Ben Bernanke
(B)Alan Greenspan
(C)Paul Volcker
(D)G. William Miller
(E)None of the above

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