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Quiz 548: Current Affairs for Bank PO

1. What is India’s current rank as a shareholder in the World Bank ?
[A]5th
[B]6th
[C]7th
[D]8th

Explanation
2. As per the new guidelines of the Reserve Bank of India, the interest on savings bank accounts is done on which among the following rates per day on daily balance in the customer’s savings account?
[A]0.0085%
[B]0.0095%
[C]0.010%
[D]0.0075%

Explanation
3. Which among the following states in India was recently under some controversy regarding launching an Islamic Bank?
[A]Tamil Nadu
[B]Uttar Pradesh
[C]Jammu & Kashmir
[D]Kerala

4. Consider the following about RIDF (Rural Infrastructure Development Fund):
1. Funds are disbursed to Panchayats
2. Operated by Ministry of Rural Development
3. Funds raised from Cooperative Banks
Which among the above statements is/ are correct?
[A]Only 1
[B]Only 1 & 2
[C]Only 2 & 3
[D]None of them

Explanation
5. Consider the following :
1. Telecom sector
2. Services Sector
3. Automobile Sector
4. Housing and Real Estate
Which among the following is the correct decreasing order of foreign Direct Investment in India in the above sectors?
[A]1 2 3 4
[B]2 1 3 4
[C]2 1 4 3
[D]1 2 4 3

6. Consider the following statements about International Development Association:
1. It provides interest free loans
2. It provides loans to poorest countries of world
3. India is its largest borrower
Which among the above statements is / are correct ?
[A]Only 1
[B]Only 1 & 2
[C]Only 2 & 3
[D]All 1, 2 & 3

7. Consider the following:
1. Provide Soft loans to Least Developed Countries fighting poverty
2. Foster economic growth in developing countries in Africa, Asia and Latin America
3. Reconstruction of countries after World War II
Which among the above were the original objectives of International Bank for Reconstruction and Development?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3

8. From time to time, which among the following organizations releases “The Global Enabling Trade Report”?
[A]World Bank
[B]World Trade Organization
[C]World Economic Forum
[D]UNCTAD

9. A Maharatna company can invest up to which among the following amounts in a project independently?
[A]Rs. 1000 Crore
[B]Rs. 5000 Crore
[C]Rs. 10000 Crore
[D]Rs. 15000 Crore

10. Consider the following:
1. Providing credit
2. Open new accounts
3. Provide remittance facilities
4. Provide Cheap Insurance
Which among the above are objectives of Swabhiman Scheme?
[A]1
[B]1, 2
[C]1, 2, 3
[D]1, 2, 3, 4

11. The recent economic survey notes:
“The year 2010-11 has been a year of more than one such “skewflationary” episode”
What is skewflation?
[A]Sharp rise in Inflation rate in uneven percentages
[B]High Inflation coupled with Stagflation
[C]Inflation in some commodities , deflation in others
[D]Inflation in some commodities despite of very low demand

Explanation
12. Recently, CIRUS, the 50 year old research reactor, and India’s symbol of the civil and military nuclear programme was shut down permanently. Where was located CIRUS?
[A]Tarapur
[B]Kalpakkam
[C]Rawatbhata
[D]Mumbai

13. Which among the following states is building the Bharat Bangladesh Moitree Udyan?
[A]Nagaland
[B]Tripura
[C]Meghalaya
[D]West Bengal

14. Who among the following has written the book “Growth & Finance”?
[A]Bimal Jalan
[B]K Subba Rao
[C]C Rangrajan
[D]Amartya Sen

15. Consider the following:
1. Uttar Pradesh
2. Madhya Pradesh
3. Rajasthan
Chambal river flows through which among the above states?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3