Quiz 589: Current Affairs 2012 for Bank PO Exams

1. Consider the following:
1. Post Offices
2. Commercial Banks
3. Cooperative Banks
Which among the above can accept both time and demand deposits from public in India?
[A]Only 2
[B]Only 1 & 2
[C]Only 2 & 3
[D]1, 2 & 3

2. Interests payable on savings bank accounts in India is ___
[A]Not regulated
[B]Regulated by RBI
[C]Regulated by Central Government
[D]Regulated by State Governments

3. All the following were outcomes of G20 Cannes summit held recently except one. Identify that one__
[A]Agreement to ramp up the IMF’s warchest to help stop euro zone contagion plunging the world back into recession.
[B]Agreement to move “more rapidly” toward market-determined exchange rate systems and enhance forex flexibility to reflect underlying fundamentals and avoid competitive devaluations.
[C]Agreement on guidance for the management of capital flows with the aim of preventing and controlling risks that could undermine financial stability and sustainable growth.
[D]Agreement on the creation of a global tax on financial transactions

4. Which of the following statement about the Mars500 experiment is /are correct?
1. It was an experiment simulated 520-day mission to Mars
2. It was conducted by Russia, Europe and China
3. It was conducted at Mars Science Laboratory, Moscow
Choose the correct option:
[A]Only 1
[B]Only 1 & 2
[C]1, 2 & 3
[D]Only 2 & 3

5. In recent times, the FARC rebels have been making news in context with which among the following countries?

6. Consider the following statements:
1. Normally no interests are paid on Current Accounts
2. Normally no payments are made on demand in time deposits
Which among the above statements is/ are correct ?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2

7. At which among the following places, Brahamputra takes a U-turn at the time of entering into India?
[A]Kula Kangri
[B]Lunpo Gangri
[C]Namcha Barwa
[D]Noijin Kangsang

8. Consider the following:
1. Sale of a credit card to a regular customer
2. Sale of Insurance to a regular customer
3. Opening a saving account for a customer of another bank
Which among the above is / are examples of “Cross Selling”?
[A]Only 1
[B]Only 1 & 2
[C]Only 2 & 3
[D]1, 2 & 3

9. Which among the following is also known as a Pacific Rim trade group?

10. Which among the following parliament passed laws recently that will force the top 500 polluting companies in that country to pay a A$24 ($22.90) a tonne price for carbon emissions from mid 2012?
[A]United States
[D]New Zealand

11. Consider the following personalities:
1. Felipe Calderon
2. Sebastian Pinera
3. Ollanta Humala
The countries which are led by these personalities are__:
[A]Mexico, Chile, Peru
[B]Chile, Peru, Mexico
[C]Peru, Mexico, Chile
[D]Chile, Mexico, Peru

12. Jugnu, one of the world’s tiniest nanosatellites, weighing only three kg, designed and fabricated by the mechanical engineering department of the__?
[A]IIT Bombay
[B]IIT Kanpur
[C]IIT Bangalore
[D]IIT Lucknow

13. Apple co-founder Steve Jobs has been posthumously honored with which among the following awards for his contribution to music technology?
[A]Grammy Award
[B]Telly Award
[C]UNESCO Mozart Medal
[D]MTV Award

14. Which of the following Constitution Amendment Bill grant citizens a fundamental right to form cooperative societies?

15. What is the upper limit of RTGS transaction in India?
[A]Rs. 5 Lakh
[B]Rs. 10 Lakh
[C]Rs. 50 Lakh
[D]No limit

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  • Rishi Raj Khandelwal

    ans of question 4 will be statement 3,because in this question statement 1 & 2 is correct
    And,u r asking which statement regarding mars500 experiment is NOT CORRECT
    -R R Khandelwal,

  • Rishi Raj Khandelwal

    in question 15,ur ans is WRONG..
    In RTGS transaction,there is a upper limit for it in india,go to SBI site,it is 5 lakh in general case,in special cases the upper limit is 50 lakh to 500 crore
    And if u go to HDFC site,u will find the upper limit for it is 10 lakh
    Bt ur ans is there is no upper limit,which seems WRONG..

    • GKToday

      Is there any minimum / maximum amount stipulation for RTGS transactions?

      Ans. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is ` 2 lakh. There is no upper ceiling for RTGS transactions.
      Source: RBI

  • ranvir

    @rishi raj, once again see the question

  • Rishi Raj Khandelwal

    dear ranvir,yesterday in question 4,the question was,”which statement regarding mars 500 experiment was NOT CORRECT,bt after my msg admin. Of this site changed it and nw asking which statement is/are CORRECT,now ans of question 4 is correct..
    I read Q/A properly :)

  • ritu shukla

    min limit of RTGS is 2 lakh and there is no upper limit……..i agree.i had read

  • anand dogra

    sir i am confuse wt is upper limit of RTGS. Pls Clear my confusion.

  • Sudama Kumar

    I am also confused about the limit of RTGS. Because i read differents limit in different magazines.

  • rajeev kumar

    sir, what is the full form of RTGS.

  • mohitverma

    there is no upper limit on RTGS

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  • randhir

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