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Quiz 3 - Current Affairs & Economic Issues



1)Which government initiated to set up rain harvesting system in the Schools under Mahatma Gandhi National Rural Employment Guarantee Scheme?

a) Andhra Pradesh
b) West Bengal
c) Haryana
d) Goa





2)Which committee was appointed by Indian Banks' Association( IBA) on restructure
and analyzing Rural credit?

a) Thakkar
b) Rajmannar
c) Samal
d) Narasimham





3)..........committee appointed on securities transactions of banks and financial institutions?

a) Malhotra
b) Subba rao
c) Janakiraman
d) Khanna





4) To review the 'system of lending under consortium arrangements and to suggest improvement therein' .......... committee was appointed?

a) Kohli
b) Eradi
c) J.V.Shetty
d) Subhir Gokarn





5) To study on 'Bank Frauds and the consequences' ..........Committee was appointed?

a) Dave
b) Pillai
c) Dandekar
d) Ghosh





6) Which committee was appointed on technology issues (EFT, DVS, NICNET, MICR, SWIFT) in the banking industry?

a) Sodhani
b) Kailash
c) Saraf
d) Purushottam Das





7) Highest rate of interest fetch by ..........?

a) Savings Deposit
b) Current Account
c) Fixed Deposit
d) Recurring Account




8) Reserve Bank of India manages the circulation of Currency. Who decides the Currency denominations?

a) Reserve Bank of India itself
b) Finance Commission
c) Government of India
d) Planning Commission




9) The country's first-ever socio-economic and caste Census to identify people living below poverty line (BPL) started on June 29, 2011 at tribal village of Sankhola of ..........?

a) Maharashtra
b) Andhra Pradesh
c) Jammu
d) Tripura





10) Urban-Rural population details are given. Pick the correct option?
a.) Registrar General of India and Census Commissioner C. Chandramouli had revealed the details on 15 July 2011.
b.) Of the 121 crore Indians, 83.3 crore live in rural areas (70% of the population) while 37.7 crore live in the Urban areas
c.) The level of urbanization increased from 27.81 percent in the 2001 Census to 31.16 percent in the 2011Census
d.) The proportion of rural population declined from 72.19 percent to 68.84 percent
e.) More rural people live in Uttarpradesh (15.5 crore), Mumbai tops the list having the maximum number of people in urban areas at five crore.
f.) Meghalaya (27 per cent), Bihar (24 percent) shown more growth in population in the last decade.
g.) Four States that recorded a decline in the rural population during 2001-11 are Kerala (by 26 percent), Goa (19 percent), Nagaland (15 percent) and Sikkim (5 percent).

1) a b c d e f g
2) b c d e f
3) a c d e f g
4) c d e f g





11. Floating / Variable-rate Loan means..........?

a) the interest rate will change according to the increasing and decreasing movement
of interest rates.
b) the interest rate depends on the moment of foreign exchange rates fixed by RBI.
c) the interest rate fixed by RBI regarding Repo Rate.
d) the interest rate varied by RBI in the giving of loans to USA Companies alone.





12. The fifth meeting of the Conference of the Parties ( COP 5) held in ....... to discuss about the harmful use of Pesticides and Fertilizers on 20 June -24 June 2011?

a) Rome
b) New York
c) Washington
d) Geneva





13)..........received the Raman Megassasay Award-2011 to lit the Solar lights in Karnataka?

a) Arundhathi Roy
b) Baba Ramdev
c) Harish Handey
d) Sheila Dikshit




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