Quiz 504 : Current Affairs March 2011 and GK for Bank PO Examinations

1. Many a times we read in the newspapers that Banks in India partially implement the Narrow banking. In this context, consider the following statements:
1. In Narrow Banking, Banks just accept deposits and provide loans.
2. In Narrow Banking, there is rarely Asset Liability Mismatch.
Which among the above statements is / are correct ?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 is correct

2. At which among the following places, Asia’s first EPZ (Export Processing Zone) was set up in 1965?
(A)Surat
(B)Cochin
(C)Kandla
(D)Chennai

3.Which among the following is the closest figure to the share of SEZ Exports in India’s Exports in the fiscal year 2010-11?
(A)8.52%
(B)17.68%
(C)25.54%
(D)29.7%

4. In recent times, India has been pushing for free trade agreements with ASEAN, South Korea, Individual countries of South East Asia and Japan etc. Why the country is looking for the bilateral agreements when there is a multilateral trading system is existance under the WTO?
(A)The multilateral trading system does not allow reduction of tariff beyond a set level
(B)There is uncertain progress on the Doha global trade talks and it is the need of the hour to try to get bilateral agreements
(C)The bilateral agreements are as per the look east policy of India which is more important that the MTS
(D)All of above

5. In which state is located the Wheeler Island , which is used to test various missiles and other defense equipments of India?
(A)Tamil Nadu
(B)Odisha
(C)Gujarat
(D)Andhra Pradesh

6. The “Decision Review System” which is making news now a days in relation to the ICC World Cup was first used in a Test between which among the following countries ?
(A)Australia – England
(B)India – Australia
(C)New Zealand – Pakistan
(D)India – Pakistan

7. Which among the following is the closest explanation to the ‘Opex London 2012’?
(A)Its a new programme of Union Sports Ministry to prepare Indian athletes for 2012 London Olympics
(B)It is a programme of Ministry of Environment and Forests for promoting India’s stand for the upcoming summit in London in 2012
(C)It’s a Mega exhibition that is planned in London in 2012 and is going to be world’s largest exhibition
(D)None of the above

8. Recently, in a seminar, RBI Governor D Subbarao said that Banks need to raise deposit rates in order to encourage savings, and lower lending rates to help the country achieve double-digit growth. In banking terms, which among the following Mr. Subbarao was referring to?
(A)The Net Interest Margin of Banks should go up
(B)The Net Interest Margin of Banks should come down
(C)The Banks should control NPA
(D)Non-interest expenses of the Banks should go down

9. A company wishes to establish a Multi Product Special Economic Zone in Manipur. What is the minimum area requirement for this company to fulfill for getting approval for that SEZ ?
(A)5000 Hectare
(B)1000 Hectare
(C)500 Hectare
(D)200 Hectare

10. Who among the following is heading the task force that has been set up by the Government to work out the modalities for the proposed system of direct transfer of subsidy for kerosene, LPG and fertilizers?
(A)Suresh Tendulkar
(B)Ashok Chawla
(C)Nandan Nilkeni
(D)C Rangrajan

11. Consider the following statements :
1. Serious Fraud Investigation Office played an active role in investigating the accounts bungling at Satyam Computer Services
2. Serious Fraud Investigation Office is set up as a statutory body in India
Which among the above statements is / are correct ?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 are correct

12. Consider the following statements:
1. Direct Tax Code (DTC) will replace the Income Tax Act and is proposed to be implemented from 1st April, 2012
2. Direct Tax Code (DTC) implementation can take place only by Constitutional Amendment
Which among the above statements is/ are correct ?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both are correct statements
(D)Neither is a correct statement

13. Which among the following state has highest number of Export Oriented Units in India?
(A)Tamil Nadu
(B)Maharastra
(C)Karnataka
(D)Andhra Pradesh

14.What Kind of Business been referred by C Rangarajan , chairman of the Prime Minister’s Economic Advisory Council as a ‘flawed business model’ in which the companies / Banks primarily leverage on the existing social ties to engage in multiple lending, that too for consumption?
(A)Regional Rural Banks
(B)Micro Finance Companies
(C)Primary Agriculture Credit Societies
(D)District Cooperative Banks

15. The world famous global InfoTech and communications fair CeBIT 2011 is organized at which among the following cities?
(A)Shanghai, China
(B)Hanover, Germany
(C)Paris, France
(D)Geneva, Switzerland

© www.gktoday.in

Tags: , ,

Comments

  • Anonymous
    Reply

    It seems that the anwser for Q12 is incorrect. The reason for thia can be found at
    http://www.thehindubusinessline.com/features/mentor/article1514907.ece

  • Admin
    Reply

    The article you mention says
    GST calls for Constitution amendment which is not possible unless the BJP-ruled States, opposed to GST in its current form, cooperate"

    Actually a Constitutional Amendment is required to implement GST and the Government is planning to forward a bill for that purpose. So answer is correct

  • Anonymous
    Reply

    post mega quizzes also.

  • Anup Manchalwar
    Reply

    What a dedicated work! Very helpful. God bless you for all this work that you are doing…

    -Anup,
    Nagpur

  • Anonymous
    Reply

    itzzz simply waoo…thankzzz..:)

  • kishan
    Reply

    Sir please explain Q.9

  • Nari
    Reply

    Please post some questions related to general awareness with special reference to banking industry….

  • Anonymous
    Reply

    thanks a lot

  • Anonymous
    Reply

    It is very useful

  • raghav
    Reply

    no word to say thank ur dedicated efforts may god give u every good thing u desire

  • rohini
    Reply

    its very useful for all competative exams.
    thanks.

  • sabarmathi
    Reply

    hello sir..
    your work is awesome..if u dont mind i have a thought…you can also add the important points of the famous personalities in quiz format..it will be quite helpful for upsc students..thank you sir..

  • abhi
    Reply

    very useful for bank exams thnq..lots

  • sujit
    Reply

    I have read these 15 questions and think these are very helpful for banking oriented examinations. Could you please send me some more questions specially bank industry related for IOB exam on 29th may 2011.

  • Bhagirath ahirwal
    Reply

    It gives us valuable information easily.

  • preeti
    Reply

    this is very helpful for bank aspirants.please do mail me other such questions for common entrance exam.

  • TRILOK ANAND DAS
    Reply

    please send me some marketing aptitude questions

  • munish binjola
    Reply

    pls send me the releted question with the special reference to banking industry for ibps po examin

  • munish
    Reply

    pls send me some ibps bank po question.

  • vasanth
    Reply

    pls send all general awareness question related to ibps exam…

  • tanuj kakkar
    Reply

    plz send all general awareness question paper or material related to ibps exams.

    plzzzzzzzzzzzzzzzzzzzzzz

  • richa
    Reply

    plz send all general awareness questions related to ibps clerk exam.

  • avinash kaur
    Reply

    please send me all the banking related awareness related to ibps PO & CLERK exams plz sir/mam……

  • muhu lakshmi
    Reply

    Dear Sir,
    Kindly Send the All the Banking Related ,and GA notes.
    Kindly Send To me
    Thanking you

  • muthu lakshmi
    Reply

    Dear Sir,
    Kindly Send the All the Banking Related notes ,and current affairs.
    Kindly Send To me
    Thanking you

  • muthu lakshmi
    Reply

    Dear Sir,
    Kindly Send the All the Banking Related notes ,and current affairs.
    Kindly Send To me,This 15 quest very useful
    Thanking you

  • saurabh
    Reply

    pllz send all gk for ibps urgent

  • ashok
    Reply

    dear sir kindly send general knowledge papers for preperation…i am not able to get it…

  • geetapawar
    Reply

    very use full this site for upsc and mpsc student….

  • Tinky
    Reply

    dear sir,
    please send me all the general knowledge information related to ibps clerk exam as soon as possible..
    thanking you

  • Pallabi Panja
    Reply

    plz send me all banking related current affairs for ibps clerical exam.
    thanking you!

  • meenakshi suri
    Reply

    plz send me some bank related questions.

    thank u

  • suresh kumar sharma
    Reply

    good page

  • prabhat kumar choubey
    Reply

    very useful 4 all competitive exams.
    Plz send general awareness with special reference to banking industrie model question papers. It’s very necessay 4 me…
    Thanks

  • Arijit Shaw
    Reply

    plz Send me Banking awareness question

  • ankita
    Reply

    please send me some banking industry related questions and what kind computer knowldge question asked?

  • raju
    Reply

    dear sir,i need better information from english&computers&general awareness with regardings to bank exams. plz make it possible.

  • mehak
    Reply

    Thanks a lot sir..
    Please send me banking awareness questions.. I mean GK questions with special reference to banking industry..

  • shronu
    Reply

    PLz send examples of General Awareness with special
    reference to the Banking Industry. IM giving exam of IBPS…

  • swati thkur
    Reply

    please send me important general knoledge question paper and banking awereness qustion

  • sanjay
    Reply

    very good collection.Thanks