Thursday 21 November 2013

50 Expected Economy/Banking Current Affairs MCQs


1) The Reserve Bank set up a three-member committee headed by whom to scrutinise applications for new bank licences in Oct 2013?
(A) Arvind Mayaram
(B) Urijit Patel
(C) Bimal Jalan
(D) B. Sambamurthy
Ans. (C) Bimal Jalan

2) Which state Government launched Video Chat in Prisons in July 2013?
(A) Gujarat
(B) Haryana
(C) Himachal Pradesh
(D) Uttar Pradesh
Ans. (C) Himachal Pradesh

3) Who took over as the new Chairman and Managing Director of Corporation Bank in Oct 2013?
(A) Ashok Reddy Nukala
(B) S.R. Bansal
(C) Rajendra Kumar Saraf
(D) Umesh Chand Asawa
Ans. (B) S.R. Bansal

4) Which Indian City become the first city of North India where ATM facility will be available for people maintaining accounts in co-operative banks recently?
(A) Allahabad
(B) Lukhnow
(C) Rampur
(D) Kanpur
Ans. (C) Rampur

5) Who has been awarded the Asian Business Leaders Award 2013 for his “impressive business credentials” and service to society by London-based Asia House in July 2013?
(A) Azim Premji
(B) Ratan Tata
(C) Adi Godrej
(D) N R Narayana Murthy
Ans. (A) Azim Premji

6) India and _________ have launched major co-operation in power sector with the launch of two projects – a 500 MW grid and 1320 megawatt Maitri MW Thermal station in Oct 2013.
(A) Nepal
(B) Bhutan
(C) Bangladesh
(D) Myanmar
Ans. (C) Bangladesh

7) Who was formally inducted into the prestigious National Academy of Engineering in the US for his “outstanding contributions” to industrial development in India and the world over as announced in Oct 2013?
(A) N R Narayana Mutrhy
(B) Ratan Tata
(C) Azim Premji
(D) Adi Godrej
Ans. (B) Ratan Tata

The Supreme Court has proposed a three-member panel headed by whom to examine and probe the IPL spot-fixing scandal in Oct 2013?
(A) Arvind Mayaram
(B) Bimal Jalan
(C) Mukul Mudgal
(D) A.P. Shah
Ans. (C) Mukul Mudgal

9) The Supreme Court has directed Central and the state governments to provide _________ jobs to the disabled persons in Oct 2013.
(A) 3%
(B) 4%
(C) 5%
(D) 6%
Ans. (A) 3%

10) Which Indian Airport was renamed as “Kempegowda” International Airport in July 2013?
(A) Mangalore
(B) Bengaluru
(C) Mysore
(D) Kochin
Ans. (B) Bengaluru

11) Who has been appointed as the Chairman and Managing Director of Power Finance Corporation Ltd (PFC) by the Government of Indian in Sep 2013?
(A) Satnam Singh
(B) BN Talukdar
(C) M.K. Goel
(D) Nishi Vasudeva
Ans. (C) M.K. Goel

12) Who has been selected to head Hindustan Petroleum Corp Ltd (HPCL) in August 2013 and with this she becomes the first woman ever to head a Navranta PSU?
(A) Nishi Vasudeva
(B) Shubhalakshmi Panse
(C) Arundhati Bhattacharya
(D) Archana Bhargava
Ans. (A) Nishi Vasudeva

13) Who has been appointed as Chairman & Managing Director of India Infrastructure Finance Company Ltd (IIFCL) in Oct 2013?
(A) S Varadarajan
(B) SB Nayar
(C) R K Singhon
(D) B Ashok
Ans. (B) SB Nayar

14) China and the _________ have signed a currency swap agreement worth 350 bn yuan (USD 57 billion) in oct 2013.
(A) Bank of England
(B) European Central Bank
(C) Federal Reserve
(D) None of These
Ans. (B) European Central Bank

15) Who has been appointed as the next Secretary, Ministry of Labour and Employment in Oct 2013?
(A) Jaimini Bhagwati
(B) Arunendra Kumar
(C) Ranjan Mathai
(D) Gauri Kumar
Ans. (D) Gauri Kumar

16) Japan-based Line Corporation, a provider of instant messaging service, has roped in which Bollywood actress as its brand ambassador for India in Oct 2013?
(A) Kareena Kapoor
(B) Katrina Kaif
(C) Deepika Padukone
(D) Parineeti Chopra
Ans. (B) Katrina Kaif

17) The International Monetary Fund (IMF) has lowered the growth projection for India to _______ for financial year 2013-14 as announced in Oct 2013?
(A) 4.5%
(B) 5.6%
(C) 3.8%
(D) 4.2%
Ans.(C) 3.8%

18) Which Indian PSU Bank has entered into a bancassurance tie-up with Apollo Munich Health Insurance (AMHI) in Oct 2013?
(A) Canara Bank
(B) Bank of Baroda
(C) Punjab National Bank
(D) IDBI Bank
Ans. (A) Canara Bank

19) Which PSU bank has bagged the Golden Peacock Award for excellence in corporate governance 2013 in Oct 2013?
(A) Punjab National Bank
(B) Canara Bank
(C) Dena Bank
(D) Bank of Baroda
Ans. (B) Canara Bank

20) The Reserve Bank of India has formed a technical committee to examine the feasibility of encrypted SMS-based fund transfers in Oct 2013. Who will head the committee?
(A) Arvind Mayaram
(B) Urijit Patel
(C) Bimal Jalan
(D) B. Sambamurthy
Ans. (D) B. Sambamurthy 

21) The Reserve Bank set up a three-member committee headed by whom to scrutinise applications for new bank licences in Oct 2013?
(A) Arvind Mayaram
(B) Urijit Patel
(C) Bimal Jalan
(D) B. Sambamurthy
Ans. (C) Bimal Jalan

22) Which state Government launched Video Chat in Prisons in July 2013?
(A) Gujarat
(B) Haryana
(C) Himachal Pradesh
(D) Uttar Pradesh
Ans. (C) Himachal Pradesh

23) Who took over as the new Chairman and Managing Director of Corporation Bank in Oct 2013?
(A) Ashok Reddy Nukala
(B) S.R. Bansal
(C) Rajendra Kumar Saraf
(D) Umesh Chand Asawa
Ans. (B) S.R. Bansal

24) Which Indian City become the first city of North India where ATM facility will be available for people maintaining accounts in co-operative banks recently?
(A) Allahabad
(B) Lukhnow
(C) Rampur
(D) Kanpur
Ans. (C) Rampur

25) Who has been awarded the Asian Business Leaders Award 2013 for his “impressive business credentials” and service to society by London-based Asia House in July 2013?
(A) Azim Premji
(B) Ratan Tata
(C) Adi Godrej
(D) N R Narayana Murthy
Ans. (A) Azim Premji

26) India and _________ have launched major co-operation in power sector with the launch of two projects – a 500 MW grid and 1320 megawatt Maitri MW Thermal station in Oct 2013.
(A) Nepal
(B) Bhutan
(C) Bangladesh
(D) Myanmar
Ans. (C) Bangladesh

27) Who was formally inducted into the prestigious National Academy of Engineering in the US for his “outstanding contributions” to industrial development in India and the world over as announced in Oct 2013?
(A) N R Narayana Mutrhy
(B) Ratan Tata
(C) Azim Premji
(D) Adi Godrej
Ans. (B) Ratan Tata

28) The Supreme Court has proposed a three-member panel headed by whom to examine and probe the IPL spot-fixing scandal in Oct 2013?
(A) Arvind Mayaram
(B) Bimal Jalan
(C) Mukul Mudgal
(D) A.P. Shah
Ans. (C) Mukul Mudgal

29) The Supreme Court has directed Central and the state governments to provide _________ jobs to the disabled persons in Oct 2013.
(A) 3%
(B) 4%
(C) 5%
(D) 6%
Ans. (A) 3%

30) Which Indian Airport was renamed as “Kempegowda” International Airport in July 2013?
(A) Mangalore
(B) Bengaluru
(C) Mysore
(D) Kochin
Ans. (B) Bengaluru

31. Which bank(the biggest US bank by assets) said 15 Nov 2013, it has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the US housing market?
(A)JPMorgan Chase & Co
(B) Lehman Brothers
(C) Goldman Sachs
(D) Bank of America
Ans. (A) JPMorgan Chase & Co

32. President Pranab Mukherjee released a postal stamp to commemorate which anniversary of The Times of India in an elegant ceremony at the Rashtrapati Bhawan on 14th Nov 2013?
(A) 50th
(B) 100th
(C) 150th
(D) 175th
Ans. (D) 175th

33. Headline inflation at a high percent and rising food prices are definitely not a good sign for the economy. October WPI inflation figure released on 14th November 2013 stands at 8-month high. What is WPI (Wholesale Price Index) for October 2013?
(A) 6.2 %
(B) 6.6 %
(C) 6.9 %
(D) 7 %
Ans. (D) 7 %

34. Global professional services firm Ernst & Young has appointed whom as its new Global Chairman and CEO in July 2013?
(A) Gary Kenneth Toomey
(B) Mark Weinberger
(C) Joe Kaeser
(D) Etienne Benet
Ans. (B) Mark Weinberger

35. India has been ranked _______ among 142 countries in the Global Innovation Index 2013 published in July 2013?
(A) 61st
(B) 66th
(C) 68th
(D) 70th
Ans. (B) 66th

36. The Inter-ministerial body Telecom Commission has approved to raise foreign direct investment limit in the telecom sector from current 74% to _________ in July 2013.
(A) 95%
(B) 90%
(C) 100%
(D) 91%
Ans. (C) 100%

37. Which Indian state was declared as the first Smoke-free state of the country in July 2013?
(A) Haryana
(B) Punjab
(C) Himachal Pradesh
(D) Gujarat
Ans. (C) Himachal Pradesh

38. Which country joined the European Union as the 28th member of the Union in July 2013?
(A) Norway
(B) Latvia
(C) Croatia
(D) Turkey
Ans. (C) Croatia

39. Who has been appointed as Director General of Bureau of Indian Standards (BIS) in July 2013?
(A) Sujata Singh
(B) Sunil Soni
(C) K K Paul
(D) Sharad Gupta
Ans. (B) Sunil Soni

40. Who has been appointed as Managing Director of UTI Mutual Fund in July 2013?
(A) Leo Puri
(B) Deepak Parekh
(C) Rana Kapoor
(D) None of These

Ans. (A) Leo Puri 

41. India’s core sector growth stood at ___________ in August as published in Oct 2013)?
(A) 3.7%
(B) 3.1%
(C) 6.5%
(D) 2.3%
Ans. (A) 3.7%

42. Who took over charge as Chairman and Managing Director of Bharat Petroleum Corporation Limited (BPCL) in Oct 2013?
(A) SB Nayar
(B) S Varadarajan
(C) R K Singhon
(D) B Ashok
Ans. (B) S Varadarajan

43. Which IT Services Company acquired the Equinox Consulting, a financial services consulting firm based in France, in Oct 2013?
(A) Cognizant
(B) TCS
(C) Infosys
(D) Wipro
Ans. (A) Cognizant

44. Which country has topped the global chart of remittances with a whopping USD 71 billion in remittances in 2013?
(A) China
(B) Philippines
(C) Mexico
(D) India
Ans. (D) India

45. ECB has kept its benchmark interest rate on hold at ________ in Oct 2013.
(A) 0.5%
(B) 0.25%
(C) 0.75%
(D) 1%
Ans. (A) 0.5%

46. Who has been appointed chairman of Karnataka Vikas Grameena Bank (KVGB), a regional rural bank sponsored by Syndicate Bank, in Oct 2013?
(A) Ashok Reddy Nukala
(B) S.R. Bansal
(C) Rajendra Kumar Saraf
(D) Umesh Chand Asawa
Ans. (A) Ashok Reddy Nukala

47. Which IT Company acquire ValueSource NV, a subsidiary of Belgium-based integrated bank insurance group KBC, as part of a five-year contract with the group in Oct 2013?
(A) Cognizant
(B) TCS
(C) Infosys
(D) Wipro
Ans. (A) Cognizant

48. India has been ranked at ______ position out of 122 countries on global Human Capital Index published by the World Economic Forum in Oct 2013.
(A) 78th
(B) 85th
(C) 88th
(D) 66th
Ans. (A) 78th

49. Government of India has appointed a four member committee headed by whom to clear the ambiguity between Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII) terms in Oct 2013?
(A) Bimal Jalan
(B) Mukul Mudgal
(C) Arvind Mayaram
(D) A.P. Shah
Ans. (C) Arvind Mayaram

50. The Government of India launched a unique project to put 100 most important Indian heritage sites online in collaboration with which IT/Internet giant in Oct 2013?
(A) Google
(B) Yahoo
(C) Microsoft
(D) Amazon
Ans. (A) Google

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