Current Affairs - Quiz- 9

1. Which of the following is NOT a banking related term?

1) Creditor

2) Outstanding amount

3) Benchmark Prime Lending Rate

4) Explicit Guarantee

5) Centre Pass

The term "Centre Pass" is not a banking related term. It is a term used in netball, which is a popular sport played in many countries. The other options, such as "Creditor," "Outstanding amount," "Benchmark Prime Lending Rate," and "Explicit Guarantee," are all commonly used in the banking industry to refer to various financial concepts and practices.

Explanation

The term "Centre Pass" is not a banking related term. It is a term used in netball, which is a popular sport played in many countries. The other options, such as "Creditor," "Outstanding amount," "Benchmark Prime Lending Rate," and "Explicit Guarantee," are all commonly used in the banking industry to refer to various financial concepts and practices.

2. The World Bank has barred which of the following firms from doing any business with it or the projects funded by it for six months, after finding that a senior executive of the conglomerate has indulged in fraud?

1) Microsoft

2) Larsen & Toubro (L&T)

3) Google

4) SAP

5) Apple

The World Bank has barred Larsen & Toubro (L&T) from doing any business with it or the projects funded by it for six months. This action was taken after the World Bank found that a senior executive of L&T had engaged in fraud.

Explanation

The World Bank has barred Larsen & Toubro (L&T) from doing any business with it or the projects funded by it for six months. This action was taken after the World Bank found that a senior executive of L&T had engaged in fraud.

3. The President of India, Pranab Mukherjee on 8 March 2013 released the Commemorative Postage Stamp on Sahir Ludhianvi on occasion of his birth anniversary. Sahir Ludhianvi was an eminent-

1) Poet

2) Industrialist

3) Musician

4) Writer

5) None of these

The President of India released a commemorative postage stamp on Sahir Ludhianvi on his birth anniversary. This suggests that Sahir Ludhianvi was a notable figure in the field of poetry, as commemorative stamps are usually released to honor individuals who have made significant contributions in their respective fields. Therefore, the correct answer is 1) Poet.

Explanation

The President of India released a commemorative postage stamp on Sahir Ludhianvi on his birth anniversary. This suggests that Sahir Ludhianvi was a notable figure in the field of poetry, as commemorative stamps are usually released to honor individuals who have made significant contributions in their respective fields. Therefore, the correct answer is 1) Poet.

4. Irda on March 8 tweaked norms for insurance companies to invest their funds in different market instruments .According to new guideline, Life insurance companies can now invest in central government securities which should not be less than how much per cent of the total corpus?

1) 25 per cent

2) 15 per cent

3) 50 per cent

4) 40 per cent

5) None of these

Life insurance companies are now allowed to invest in central government securities, but the new guidelines specify that this investment should not be less than 25% of their total corpus. This means that at least a quarter of the funds held by life insurance companies must be invested in central government securities.

Explanation

Life insurance companies are now allowed to invest in central government securities, but the new guidelines specify that this investment should not be less than 25% of their total corpus. This means that at least a quarter of the funds held by life insurance companies must be invested in central government securities.

5. What is the full form 'CBS' in banking?

1) Core Banking Solution

2) Core Banking System

3) Core Banking Service

4) Core Banking Statistics

5) None of these

The correct answer is 1) Core Banking Solution. CBS stands for Core Banking Solution, which refers to a centralized platform used by banks to perform various banking operations such as account management, transactions, and customer service. It allows banks to streamline their processes, improve efficiency, and provide seamless banking services to customers across multiple channels.

Explanation

The correct answer is 1) Core Banking Solution. CBS stands for Core Banking Solution, which refers to a centralized platform used by banks to perform various banking operations such as account management, transactions, and customer service. It allows banks to streamline their processes, improve efficiency, and provide seamless banking services to customers across multiple channels.

6. The government on March 8 has set up a committee of experts to prepare the blueprint of India's first women's bank. The bank is expected to start functioning from November. The committee is headed by

1) V R Iyer

2) M B N Rao

3) S A Panse

4) B A Prabhakar

5) Pratip Chaudhuri

The correct answer is M B N Rao. This is because the question asks for the head of the committee that has been set up to prepare the blueprint of India's first women's bank. The government has appointed M B N Rao as the head of this committee.

Explanation

The correct answer is M B N Rao. This is because the question asks for the head of the committee that has been set up to prepare the blueprint of India's first women's bank. The government has appointed M B N Rao as the head of this committee.

7. Who among the following has been newly elected the President of Kenya?

1) Raila Odinga

2) Mwai Kibaki

3) Daniel arap Moi

4) Jomo Kenyatta

5) Uhuru Kenyatta

Uhuru Kenyatta has been newly elected as the President of Kenya.

Explanation

Uhuru Kenyatta has been newly elected as the President of Kenya.

8. Who among the following has been selected for the Outstanding Parliamentarian Award for the year 2011?

1) Karan Singh

2) Arun Jaitley

3) Sharad Yadav

4) Ajay Makan

5) Pakistan

Karan Singh has been selected for the Outstanding Parliamentarian Award for the year 2011.

Explanation

Karan Singh has been selected for the Outstanding Parliamentarian Award for the year 2011.

9. UPA Chairperson Sonia Gandhi on March 8 laid the foundation stone of a residential, educational-cum- vocational training centre for persons with autism spectrum disorders at village Gairatpur Bass. The village is situated in

1) UP

2) Bihar

3) Jharkhand

4) Haryana

5) Chhatisgarh

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Explanation

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10. With which country has India signed a currency swap agreement for up to $100 million to further economic co-operation?

1) Bhutan

2) Sri Lanka

3) Nepal

4) Myanmar

5) Bangladesh

India has signed a currency swap agreement with Bhutan for up to $100 million to further economic co-operation. This agreement allows both countries to exchange their currencies at a predetermined exchange rate, which helps in promoting bilateral trade and investment. The currency swap agreement will also contribute to strengthening the economic ties between India and Bhutan and facilitate smooth trade transactions between the two countries.

Explanation

India has signed a currency swap agreement with Bhutan for up to $100 million to further economic co-operation. This agreement allows both countries to exchange their currencies at a predetermined exchange rate, which helps in promoting bilateral trade and investment. The currency swap agreement will also contribute to strengthening the economic ties between India and Bhutan and facilitate smooth trade transactions between the two countries.