Quiz 529: GK Questions for Competitions

1. In which year, Corporate Debt Restructuring (CDR) scheme was launched in India with an objective of ensuring timely and transparent mechanism for restructuring the corporate debts of viable entities facing problems?

[A] 2001
[B] 2002
[C] 2003
[D] 2004

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2. Who among the following in India can borrow using the facility of “cash management bills”?

[A] Government
[C] Commercial banks
[D] Corporate

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3. In India, which among the following decides the savings bank rate?

[A] Central Government
[B] Banks themselves
[C] Reserve Bank of India
[D] Commercial Banks

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4. Which among the following authority appoints a Deputy Governor in Reserve Bank of India?

[A] Governor of RBI
[B] Central Board of Directors
[C] Central Government
[D] Committee of the Central Board

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5. Murugappa Gold Cup is related to which among the following sports?

[A] Football
[B] Hockey
[C] Cricket
[D] Table Tennis

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6. Who among the following was the President of Indian National Congress at the time of Independence?

[A] Dr. Rajendra Prasad
[B] J B Kriplani
[C] Dr. Bhimrao Amedkar
[D] Jawahar Lal Nehru

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7. In which year Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act ?

[A] 1974
[B] 1986
[C] 1990
[D] 2000

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8. As we know that India has adopted policy of convergence with IFRSs keeping in view the requirements of change and transition necessary to be followed by Indian companies and regulatory bodies. In this context, consider the following:

  1. Insurance companies
  2. Banking companies
  3. Non-banking finance companies

Which among the following is the correct order in which they have been mandated to start following the converged Indian Accounting Standards?

[A] 1 2 3
[B] 3 1 2
[C] 2 3 1
[D] 1 3 2

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9. Consider the following statements in context with the Capital to Risk Assets Ratio (CRAR) Phase-I implemented by RBI in India:

  1. CRAR Phase-I was implemented by RBI during 1992-93
  2. It takes into account the risk on account of Balance Sheets assets, non-funded items.
  3. All aspects of management of a banking organization were incorporated in it

Which among the above statements is/ are correct?

[A] Only 1 is correct
[B] Only 1 & 2 are correct
[C] Only 2 & 3 are correct
[D] All are correct

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10. Consider the following statements:

  1. Educational Loan Scheme evolved by Reserve Bank of India if only for students in Private Professional Colleges.
  2. Over The Counter Exchange of India (OTCEI) is non-corporate body
  3. The Securities Trading Corporation of India (STCI) was promoted by SEBI jointly with the Public Sector Banks

Which among the above statements is / are correct ?

[A] Only 1 is correct
[B] Only 1 & 2 are correct
[C] Only 1 & 3 are correct
[D] Only 2 & 3 are correct

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  • shashi dwivedi

    dear sir in question no 4 i confused saving bank rate is decided by commercial bank
    because different banks have different fixed deposit rate

    • admin

      Saving Banks are not decided by the Commerical Banks as of now. Interest rates on FDs is different from the saving bank account.

  • Tejash

    very useful

  • prakash jajoo

    i am satfication good