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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?
[A]Mexico
[B]Argentina
[C]Colombia
[D]Brazil

Explanation
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?
[A]Mercosur
[B]ASEAN
[C]APEC
[D]OPEC

Explanation
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
[B]Canada
[C]Australia
[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?
[A]110th
[B]111th
[C]112th
[D]113th

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