Current Affairs July 2010(Short Answers)

·        Head of the Committee instituted by RBI to look into the interest rates and bank fees, charges & services – M Damodaran.

·        Which committee recommended 15-20% variable component in the salary package for PSB employees, instituted by Finance minister – A K Khandelwal.

·        RBI has revised the norms for __________ for giving loans to the housing and real estate segment – Urban Cooperative Banks(UCBs).

·        SEBI has announced that MF distributors and agents will now need a NISM certificate to sell policies. What is the full form of NISM - National Institute of Securities Market.

·        RBI has advised all banks to print IFSC on cheque leaves issued to customers. IFSC stands for- Indian Financial System Code.

·        India has emerged as the ___ most preferred destination for retailers in the world - 39^th.

·        India’s first Anti-submarine warfare Corvette – INS Kamorta.

·        _____ banks are recently allowed by the RBI to open ATM’s at places other than their branches without prior approval – Urban Cooperative banks.

·        National Florence Nightingale Award 2010 was given to – A P Subhadra.

·        Government has fixed FRP of Sugarcane for the year 2010-11 at Rs. 139.12 per quintal. FRP stands for - Fair and Remunerative Price.

·        India’s trade deficit during 2009-10 - $102.1 billions.

·        Asian Banker Achievement award given to – SBI.

·        Who is the head of the committee for comprehensive review of National  Small Savings Fund(NSSF) structure , interest rates, tenor and other administrative matters – Shyamala Gopinath.

·        ____ company offered  to provide cloud computing solutions t Rural Banks – Polaris.

·        Chairman of RBI working group on BPLR on the basis of which Base Rate System is slated to switch over by the banks – Deepak Mohanty.

Current Affairs Quiz 2010 - 71

1.      Which is the first country in Europe to ban full-face veils worn by Muslim women?

a)France     b)Belgium    c)Denmark      d)Italy    e)none

2.      India's first 3 MW solar power plant is inaugurated in Kolar district. It is in which state?

a)Andhra Pradesh    b)Karnataka     c)Gujarat    d)Tamilnadu    e)none

3.      Who has been re-elected as the Prime Minister of Mauritius?

a)Seewoosagur Ramgoolam    )Anerood Jugnauth     c)Navinchandra Ramgoolam    d)Paul Bérenger    e)none

4.      Which Organization has asked mutual fund houses to disclose the details of investor complaints, annual reports on websites, to enable clients to make more informed decisions?

a)RBI      b)IRDA      c)SEBI     d)NABARD    e)none

5.      Which is the first country in the world to mandate plain packaging of cigarettes?

a)Australia      b)Canada    c)India     d)US     e)Japan

6.      Which is the first country to broadcast 3DTV on terrestrial channels?

a)Japan     b)China      c)South Korea     d)India     e)none

7.      The Country's first privately-funded metro project will be started in which of the following cities?

a)Pune     b)Chennai     c)Hyderabad     d)Chandigarh    e)Gurgaon

8.      Who is the author of the book “Troubles”?

a)J G Farell     b)Nina Bawden    c)Patrick White     d)Mary Renault    e)none

9.      Recently which state affected by the Cyclonic Storm ‘Laila’?

a)Maharashtra     b)Andhra Pradesh      c)Tamilnadu     d)Gujarat    e)none

10. Who is the first Indian to qualify for the men's singles main draw at the French Open in 13 years?

a)Sashi Menon     b)Syed Asif  Quadri   c)Somdev Dewarmen   d)Leander Paes     e)none

11. Jordan Romero has became the youngest ever climber to conquer Mount Everest, the world's highest mountain. He belongs to which country?

a)US     b)Canada      c)UK    d)Germany    e)none

12. Recently which country has rejected visa applications to the retired employees of Border Security Force?

a)US     b)China     c)Pakistan    d)Canada     e)none

13. The worlds' first women’s' magic festival Maya 2010 held at ___________?

a)Chennai     b)Uttar Pradesh      c)Pune    d)Jaipur    e)Thiruvananthapuram

14. Who has been named as ‘England cricketer of the year’?

a)Paul Collingwood    b)Graeme Swann     c)Kevin Petersen    d)Andrew Strauss    e)none

15. To which country President Prathiba Patil recently visited and signed three bilateral pacts?

a)China    b)Japan     c)Russia   d)Spain    e)none

16. John Shepherd-Barron recently passed away. He invented the world’s first _____ in London?

a)Bank     b)Credit Card       c)Debit Card    d)ATM    e)none

17. Which country topped the list of people who acquired British citizenship in 2009?

a)China      b)US    c)India   d)France    e)none

18. Jeev Milkha Singh, Gaganjeet Bhullar are associated to which sport?

a)Foot ball     b)Tennis     c)Chess    d)Golf   e)none

19. Who has been ranked as the best CEO in the country, a/c to FinanceAsia magazine?

a)Gopalakrishnan     b)Natarajan Chandrasekaran    c)Sunil Mittal    d)Ratan Tata    e)none

20. Which of the following is not a sport playing in the Commonwealth Games 2010?

a)Kabaddi    b)Hockey    c)Tennis    d)Cricket    e)All of these

Indian Bank General Awareness Paper 2010

1.      Winner of ICC Champions Trophy – Australia.

2.      Winner of Men’s US Open 2009 - J M Del Potro.

3.      Foreign Trade Policy - 2009 to 2014.

4.      Mumbai Gold Cup is related to – Hockey.

5.      Largest Exporter of Cotton – US.

6.      2016 Olympics – Rio De Janeiro.

7.      FTA – Free Trade Agreement.

8.      India won the Compaq Series 2009 by defeating – Srilanka

9.      First to start Mutual Fund trading on BSE – UTI Mutual Fund.

10. IIP (Index of Industrial Production) was released by – Central Statistical Organization (CSO).

11. UNEP – United Nation Environment Programme.

12. World Investment Report released by – UNCTAD.

13. “Write off” in banking terminology – Bad debt that is declared uncollectable such as loans, removing it from balance sheet.

14. RBI Bench mark Prime Lending rate – 8.55%.

15. Oceansat-2 launched by – India.

16. Worlds Billiards Championship 2009 – Pankaj Advani

17. Angela Merkel elected as chancellor for the second time – Germany

18. Recently India signed nuclear agreement with – Argentina

19. US Dollar fell to its lowest in 14 years against – Yen

20. Percentage to priority sector by domestics banks – 40%.

21. Which country critised India for a road network connecting some states including Arunachal Pradesh – China.

22. Author of the book “Listening to Grasshoppers “ – Arundathi Roy.

23. Which Organization asked all non-member countries to join NPT – UNSC.

24. Which country has asked its investors that there will be delay in debt repayment as a result of global crisis – Dubai.

25. Which state has approved 50% reservation in Municipalities and Panchayat election for Women – Gujarat (not sure)

26. CRY foundation is working for – Disadvantaged of Children Welfare.

27. Author of Two Woman/ Good Woman – Martina Cole/Danielle Steel.

28. Reliance bid to acquire LyondellBasell belongs to which country – Netherlands.

29. Question on Committee formed by RBI – Usha Thorat(not sure)

30. Author of Maximum City – Suketu Mehta.

31.  Who is Retail Investor – Individual Investor.

32. Why RBI is supposed to raise SLR ration - ?

33. Question related to Confederation of Indian Industry (CII) - ?

34. Question about RBI policy change - ?

35. Question regarding 3G spectrum - ?

36. Question on L&T and NPCIL project in which city - ?

37. Question on Interest Rate Futures - ?

38. Question regarding G-20 summit declaration - ?

39.  Question whose answer is - IAEA.

40. Question regarding Rules for ATM use - ?

Note: Questions are incomplete. If you know more questions or correct questions/answers post in a comment box. These questions are submitted by our followers Vasuki, Krishna, Abhinav and others.Half of the questions were from this blog of previous posts.