Current Affairs - Quiz -6
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- 1.
Which of the following key rates, stipulated by the Reserve Bank of India (RBI), is not correct as on April 17, 2012?
- A.
1) Cash Reserve Ratio – 4.75%
- B.
2) Repo Rate – 8.5%
- C.
3) Reverse Repo Rate – 7%
- D.
4) Bank Rate – 9%
- E.
5) Statutory Liquidity Ratio – 24%
Correct Answer
B. 2) Repo Rate – 8.5%Explanation
The correct answer is 2) Repo Rate – 8.5%. This is not correct as on April 17, 2012, because the repo rate set by the Reserve Bank of India on that date was different.Rate this question:
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- 2.
Which of the following schemes is launched by the Government of India to improve the health of pregnant and lactating mothers?
- A.
1) Matritva Sahayog Yojana
- B.
2) Dhan Lakhsmi Yojana
- C.
3) ASHA
- D.
4) Health for All scheme
- E.
5) None of these
Correct Answer
A. 1) Matritva Sahayog YojanaExplanation
The correct answer is Matritva Sahayog Yojana. This scheme is launched by the Government of India to improve the health of pregnant and lactating mothers.Rate this question:
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- 3.
Recently we read in newspaper that the Central Bureau of Investigation (CBI) has been investigating some companies for alleged violations of FCRA, 2000. What is FCRA, 2000?
- A.
1) Foreign Countries Regulation Act, 2010
- B.
2) Fiscal Control & Regulation Act, 2010
- C.
3) Foreign Commercial Representation Act, 2010
- D.
4) Foreign Contribution Regulation Act, 2010
- E.
5) None of these
Correct Answer
D. 4) Foreign Contribution Regulation Act, 2010Explanation
The correct answer is 4) Foreign Contribution Regulation Act, 2010. This act is a law passed by the Indian government to regulate the acceptance and utilization of foreign contributions and foreign hospitality by individuals, associations, and companies in India. It aims to ensure that such contributions and hospitality do not adversely affect the political and public life of India. The CBI is investigating companies for alleged violations of this act, suggesting that these companies may have received or used foreign contributions in a manner that violates the regulations outlined in the FCRA, 2000.Rate this question:
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- 4.
The Reserve Bank of India (RBI) reviews its credit and monetary policy at which of the following intervals/occasions?
- A.
1) Once in every five years
- B.
2) Every year
- C.
3) Every quarter
- D.
4) When the new Union Budget is announced
- E.
5) None of these
Correct Answer
C. 3) Every quarterExplanation
The correct answer is 3) Every quarter. The Reserve Bank of India reviews its credit and monetary policy every quarter. This allows the central bank to assess the current economic conditions and make necessary adjustments to interest rates, liquidity measures, and other policy tools to maintain price stability and support economic growth. Quarterly reviews provide more frequent opportunities for the RBI to respond to changing economic circumstances compared to longer intervals such as once in every five years or annually.Rate this question:
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- 5.
The working group constituted by the RBI has suggested the setting up of the Emergency Fund Facility Scheme for banks. The Scheme will help which of the following types of banks?
- A.
1) Public sector banks
- B.
2) Small banks
- C.
3) Urban Cooperative Banks
- D.
4) Private banks
- E.
5) Foreign banks
Correct Answer
C. 3) Urban Cooperative BanksExplanation
The Emergency Fund Facility Scheme is specifically designed to help Urban Cooperative Banks. This suggests that the scheme is not applicable to other types of banks such as public sector banks, small banks, private banks, or foreign banks.Rate this question:
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- 6.
India’s largest steel maker the Steel Authority of India Limited (SAIL) has signed the final pact with Japan’s Kobe Steel to set up a 500,000-tonne plant in which of the following states?
- A.
1) Orissa
- B.
2) Bihar
- C.
3) Uttar Pradesh
- D.
4) West Bengal
- E.
5) Karnataka
Correct Answer
D. 4) West BengalExplanation
SAIL, India's largest steel maker, has signed a final agreement with Japan's Kobe Steel to establish a 500,000-tonne plant in West Bengal.Rate this question:
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- 7.
Name the former Israeli Prime Minister who has been cleared of charges in a multi-case corruption trial that forced him out of power, by an Israeli court?
- A.
1) Ehud Olmrt
- B.
2) Ariel Sharon
- C.
3) Benjamin Netanyahu
- D.
4) Ehud Barak
- E.
5) Shimon Peres
Correct Answer
A. 1) Ehud Olmrt -
- 8.
In which city the Delhi Metro Rail Corporation (DMRC) is to implement the proposed Metro system?
- A.
1) Jaipur
- B.
2) Lucknow
- C.
3) Kochi
- D.
4) Chennai
- E.
5) Mumbai
Correct Answer
C. 3) Kochi -
- 9.
For setting up of the Mahatma Gandhi Institute of Education for Peace and Sustainable Development in which Indian city, the United Nations Educational, Scientific and Cultural Organisation (UNESCO) has signed an agreement with India?
- A.
1) Bangalore
- B.
2) Rajkot
- C.
3) New Delhi
- D.
4) Kolkata
- E.
5) Lucknow
Correct Answer
C. 3) New DelhiExplanation
UNESCO has signed an agreement with India to set up the Mahatma Gandhi Institute of Education for Peace and Sustainable Development in New Delhi.Rate this question:
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- 10.
Which of the following financial institutions has decided to extend loans to the North-Eastern region to develop road connectivity and Bihar for boosting agri-business?
- A.
1) World Bank
- B.
2) Asian Development Bank
- C.
3) International Monetary Fund
- D.
4) International Donors’ Group
- E.
5) Reserve Bank of India
Correct Answer
B. 2) Asian Development BankExplanation
The Asian Development Bank has decided to extend loans to the North-Eastern region to develop road connectivity and Bihar for boosting agri-business. This shows that the Asian Development Bank recognizes the importance of infrastructure development and agricultural growth in these regions and is willing to provide financial support to facilitate their development.Rate this question:
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Current Version
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Mar 20, 2023Quiz Edited by
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Mar 10, 2013Quiz Created by
Bankexamsportal
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