Current Affairs(With Reference to Banking Industry)

1. Which among the following organization compiles the Global Hunger Index (GHI)?

(A)United Nations World Food Programme

(B)United Nations Development Programme

(C)International Food Policy Research Institute (IFPRI)

(D)Food and Agriculture Organization of United Nations

2. As per reports published in several business newspapers, which among the

following is the largest regional emerging market in the world?

[A]ASEAN–China Free Trade Area

[B]ASEAN–India Free Trade Area

[C]Mercosur

[D]Asia-Pacific Trade Agreement

3. Which among the following is the main industry of MENA region of the World?

[A]Manufacturing

[B]Petroleum

[C]Mines and Minerals

[D]Tourism & Hospitality

4. If the government chooses to spend money freshly printed by the RBI against

government securities, it should be kept in which among the following?

[A]Fiscal adjustment

[B]Deficit Financing

[C]Mandatory spending

[D]Retrenchment

5. Lending rates are expected to rise further in the coming months because the

Reserve Bank of India (RBI) is likely to ………………….. Which among the following

would fill the space correctly?

(A)Increase policy rates

(B)Decrease Policy Rates

(C)Conduct Open Market Operations

(D)Conduct Repo Auctions

6. Recently we read in the newspapers that in the country , there are undoubtedly,

negative risks to the fiscal deficit target of 4.6 per cent for 2011-12. Which among the

following does not poses such risk to the fiscal deficit targets?

(A)The higher Fuels, Food and Fertilizers prices

(B)Burden of Subsidy

(C)Low collection of Tax Revenue

(D)Lower external commercial borrowings

7. Recently, Kaushik Basu said that “Short-term growth can be compromised to

contain higher inflation rate as the country needs to retain long-term growth

prospects of the economy”. Who is Kaushik Basu?

(A)Deputy Governor of RBI

(B)Member of Planning Commission

(C)Chief economic advisor to the Finance Ministry

(D)Chairman of Prime Minister’s Economic Advisory Council

 8. Consider the following statements:

1. The bank loans to all MFIs including NBFCs working as MFIs are deemed to be the priority sector loans

2. The highest loan amount for an individual borrower, is Rs 25,000 with an interest rate cap of 24 per cent as recommended by Malegam Committee

Which among the above statements is / are correct?

[A]1 Only

[B]2 Only

[C]Both 1 & 2

[D]Neither 1 nor 2

9. Which among the following international bodies have established the Poverty

Reduction Growth Facility to help the low income countries?

[A]International Monetary Fund

[B]World Bank

[C]Asian Development Bank

[D]International Development Association

10. For how many days, a MNREGA beneficiary must have worked during the

preceding financial year , to get eligible for Rashtriya Swasthya Bima Yojana (RSBY)?

[A]15 days

[B]30 days

[C]45 days

[D]60 days