GK Quiz: Current Affairs for Competitive Exams

Ques.1. Indian hockey team crashed out of FIH World League Round 3 recently losing to

Australian team and hence failed to qualify directly for the 2014 World Cup to be played in

1) Berlin

2) Hague

3) Seoul

4) Canberra

5) None of these

Hague

Ques.2.Which of the following is not a function of the Reserve Bank of India (RBI)?        

1) Issuance of currency

2) Banker of the Govt

3) Controller of banks

4) Controller of credit

5) All are functions of the RBI

All are functions of RBI

Ques.3. Consider the following with respect to Commodity Transaction Tax (CTT) and choose the correct statement(s):

1) The CTT will come into effect from July 1, 2013.

 2) The CTT will be charged at 0.01 per cent on the transactions of various non-agricultural commodities,

including gold, sugar and edible oils.

3) The tax would be levied on futures trading and not on spot trading in the commodities.

4) All the above

5) None of these

All of above

Ques.4. The NSSO under the Ministry of Statistics and Programme Implementation has released the key indicators of employment and unemployment in India recently. NSSO stands for

1) National Statistics Survey Office

2) National Sample Survey Office

3) National Specific Survey Office

4) National Systematic Survey Office

5) None of these

National Sample Survey Office

Ques.5.  Name the university which has become the country’s first-ever technical university for women?

1) Indira Gandhi Delhi Technical University

2) Bharati Vidyapeeth's Technical University

3) Indraprastha Institute of Information Technology

4) National Institute of Technology, Delhi

5) None of these

Indira Gandhi Delhi Technical University

Ques.6 The Rangachary Committee is associated with which of the following?

1) Taxation of foreign investors

2) Taxation of development centres and IT sector

3) Taxation of export oriented textile companies

4) Taxation of agriculture based companies

5) None of these

Taxation of Development cntres and IT sectors

Ques.7.  Name the novel written by Amitav Ghosh which is in race to win Warwick Prize for Writing, the biennial prize run by the University of Warwick, England?

1) River of Smoke

2) Sea of Poppies

3) Life after Life

4) Shoes of the Dead

5) None of these

River of Smoke

Ques.8.  As per the provisions of RBI Act, what is the highest denomination bank note that RBI can issue?

1) Rs 1,000       2) Rs 2,000

3) Rs 5,000       4) Rs 10,000

5) None of these

Rs. 10,000

Ques.9. Whose approval is required for appointment of a foreign exchange dealer by a bank?

1) RBI  

2) IBA

3) The Ministry Finance 

4) Discretion of the bank

5) None of these

Discretion of the Banks

Ques.10.  As per the news published in financial newspapers, the govt of India is planning to do away with the Special Economic Zones (SEZ). SEZ programme was launched in

1) 1998

2) 2002

3) 2004

4) 2006

5) None of these

2006

Ques.11. The Arvind Mayaram Committee has recommended nine sectors as those where Indian ownership and control will be mandatory. These sectors include

1) Broadcasting

2) Insurance

3) Print Media   

4) Defence production

5) All the above

All the above

Ques.12.  The finance ministry is considering a proposal to make LTUs mandatory for some categories of taxpayers. Expand the term LTU.

1) Limited Taxpayer Units

2) Local Taxpayer Units

3) Least Taxpayer Units

4) Large Taxpayer Units

5) None of these

Large Taxpayer Units

Ques.13 The headquarters of European Union is situated in which of the following countries?

1) UK

2) Germany

3) France

4) Belgium

5) Netherlands

Belgium

Ques.14. The name 'Bluetooth' gets its name from a 10th century king of?

1) China

2) Denmark

3) Greece

4) Thailand

5) Spain

Denmark

Ques.15. Baglihar Dam is constructed on the river?

1) Chenab

2) Raavi

3) Indus

4) Sutlej

5) Beas

Chenab