Current Affairs - Quiz -8

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  • 1/10 Questions

    In India the Foreign Exchange Reserves are kept in the custody of which of the following institutions?      

    • 1) Ministry of Finance
    • 2) EXIM bank
    • 3) Reserve Bank of India
    • 4) Select public sector banks
    • 5) Treasury offices
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About This Quiz

Current Affairs - Quiz -8 assesses knowledge on various geopolitical and economic events. It includes questions on partnerships in banking, stock exchange regulations, media restrictions, international collaborations, legal extraditions, and constitutional challenges in different countries.

Current Affairs - Quiz -8 - Quiz

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  • 2. 

    Pakistan Electronic Media Regulatory Authority (PEMRA) has asked television networks to refrain from promoting which Hindi film till it is cleared by the Central Board of Film Censors, because the film carries a negative reference to the ISI?      

    • 1) Agent Vinod

    • 2) Once Upon a Time in Mumbai

    • 3) Ek Tha Tiger

    • 4) Bol Bachchan

    • 5) Gangs of Wasepur

    Correct Answer
    A. 3) Ek Tha Tiger
    Explanation
    PEMRA has asked television networks to refrain from promoting the film "Ek Tha Tiger" until it is cleared by the Central Board of Film Censors because the film carries a negative reference to the ISI.

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  • 3. 

    Bridge loans refer to:      

    • 1) Loans granted to construction companies for construction bridges

    • 2) Loan granted to PWD for construction of bridges over rivers

    • 3) Interim finance allowed by banks to their customers pending disbursement of term loans by financial institutions

    • 4) Loan granted to Railways for construction of bridges

    • 5) None of these

    Correct Answer
    A. 3) Interim finance allowed by banks to their customers pending disbursement of term loans by financial institutions
    Explanation
    Bridge loans refer to interim finance allowed by banks to their customers pending disbursement of term loans by financial institutions. This means that bridge loans are short-term loans provided to bridge the gap between the immediate need for funds and the availability of long-term financing. These loans are typically used by individuals or businesses to cover expenses until they can secure more permanent financing.

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  • 4. 

    In the partnership of which of the following public sector banks, the Bihar government has launched e-payment facility for commercial vehicle owners?      

    • 1) State Bank of India

    • 2) Punjab National Bank

    • 3) Central Bank

    • 4) Syndicate Bank

    • 5) Corporation Bank

    Correct Answer
    A. 1) State Bank of India
    Explanation
    The Bihar government has launched an e-payment facility for commercial vehicle owners in partnership with the State Bank of India. This means that commercial vehicle owners in Bihar can now make electronic payments for various services related to their vehicles, such as road tax, fines, and fees. The partnership with State Bank of India allows for a seamless and convenient digital payment process, benefiting both the vehicle owners and the government in terms of efficiency and transparency.

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  • 5. 

    Which of the following stock exchange has been granted permission by the Security and Exchange Board of India (SEBI) to operate as full-fledged stock exchange?      

    • 1) National Stock Exchange

    • 2) MCX Stock Exchange

    • 3) Financial Technologies Ltd

    • 4) Kolkata Stock Exchange

    • 5) Mumbai Stock Exchange

    Correct Answer
    A. 2) MCX Stock Exchange
    Explanation
    MCX Stock Exchange has been granted permission by SEBI to operate as a full-fledged stock exchange.

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  • 6. 

    Which of the following country has cancelled the extradition of the underworld don Abu Salem, who was extradited from that country some years back?      

    • 1) Denmark

    • 2) Portugal

    • 3) Britain

    • 4) Norway

    • 5) Saudi Arabia

    Correct Answer
    A. 2) Portugal
    Explanation
    Portugal has cancelled the extradition of the underworld don Abu Salem. This means that Portugal has reversed its decision to send Abu Salem back to his home country. It is unclear why Portugal made this decision, but it could be due to legal or political reasons.

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  • 7. 

     Which of the following is the short name of the highest authority in India for Indirect Taxes?      

    • 1) CBED

    • 2) CBDT

    • 3) CBEC

    • 4) CBIT

    • 5) None of these

    Correct Answer
    A. 3) CBEC
    Explanation
    CBEC stands for Central Board of Excise and Customs. It is the highest authority in India for Indirect Taxes. The CBEC is responsible for formulating policies regarding customs, central excise, service tax, and other indirect taxes in India. It also ensures the implementation and administration of these tax laws and regulations. Therefore, CBEC is the correct answer as the short name of the highest authority in India for Indirect Taxes.

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  • 8. 

    In which country recently the Constituent Assembly expired without drafting a Constitution?      

    • 1) Myanmar

    • 2) Syria

    • 3) Egypt

    • 4) Libya

    • 5) Nepal

    Correct Answer
    A. 5) Nepal
    Explanation
    The Constituent Assembly in Nepal recently expired without drafting a Constitution. This means that the assembly, which was responsible for creating a new constitution for the country, did not complete its task within the designated time frame. This could have been due to various reasons such as political disagreements, conflicts, or other challenges faced by the assembly members. It is important for a country to have a constitution as it serves as a fundamental legal document that outlines the structure of the government and guarantees the rights and freedoms of its citizens.

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  • 9. 

    Which of the following countries is taking help of India to design a programme based on the Mahatma Gandhi National Rural Employment Guarantee Scheme?      

    • 1) Bangladesh

    • 2) Nigeria

    • 3) South Africa

    • 4) Sri Lanka

    • 5) Brazil

    Correct Answer
    A. 4) Sri Lanka
    Explanation
    Sri Lanka is taking help from India to design a programme based on the Mahatma Gandhi National Rural Employment Guarantee Scheme.

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  • 10. 

     Which among the following ministries has launched a new “Skill Development Initiative Scheme” so that the employability of the young people can be increased?      

    • 1) Ministry of Finance

    • 2) Ministry of Agriculture

    • 3) Ministry of Heavy Industry

    • 4) Ministry of Home Affairs

    • 5) Ministry of Labour and Employment

    Correct Answer
    A. 1) Ministry of Finance

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  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 10, 2013
    Quiz Created by
    Bankexamsportal
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