Current Affairs Questions and Answers - Mar 24, 2015

Q. : 1 Name the veteran Hindi film actor who has been named for the prestigious Dada Saheb Phalke Award recently.

1) Manoj Kumar 

2) Dharmendra

3) Amitabh Bachchan 

4) Shashi Kapoor

5) Rishi Kapoor 

Q. : 2 _________won the 35th Petroleum Sports Promotion Board (PSPB) Inter Unit T20 cricket tournament in Pune recently.

1) Oil India 

2) Hindustan Petroleum

3) Bharat Petroleum 

4) IOC

5) ONGC 

Q. : 3 The Union Cabinet on 20 Mar cleared what per cent reservation for women in the direct recruitment for non-gazetted posts in the police forces of all Union Territories, including Delhi?

1) 10 per cent 

2) 25 per cent

3) 33 per cent 

4) 49 per cent

5) 50 per cent 

Q. : 4 Which of the following is NOT a major Bill cleared by Parliament in the first part of the Budget session in 2015 (Feb 23-Mar 20)?

1) Coal Mines (Special Provisions) Bill 

2) Motor Vehicles (Amendment) Bill

3) Citizenship (Amendment) Bill 

4) Mines and Minerals (Development and Regulation) Amendment Bill

5) None of these 

Q. : 5 In Nov 2014, RBI had asked banks to follow from Apr 1 some new norms. Which of the following is one of them?

1) Imposing a penalty proportionate to the shortfall in minimum balance in the account. 

2) Informing the accountholder through email/SMS of imminent charges when the balance requirement is breached.

3) Banks are barred from creating negative balances by imposing charges on the grounds that charges will be deducted from future deposits. 

4) All the above

5) None of these 

Q. : 6 What is the full form of CDR as used in banking and financial world?

1) Composite Debt Restructuring 

2) Corporate Debt Restoration

3) Corporate Debt Restructuring 

4) Cumulative Debt Restructuring

5) None of these 

Q. : 7 The Asian Development Bank (ADB) on 24 Mar projected India's economy to grow by what per cent for 2015-16?

1) 7.8 per cent 

2) 8.1 per cent

3) 8.5 per cent 

4) 7.2 per cent

5) 6.8 per cent 

Q. : 8 The foreign ministers of South Korea, China and Japan met for the first time in nearly three years in ____________on 21 Mar.

1) Seoul 

2) Tokyo

3) New York 

4) Beijing

5) Shanghai 

Q. : 9 Malcolm Fraser, who died recently, was the former Prime Minister of

1) England 

2) Australia

3) Spain 

4) Norway

5) Sweden 

Q. : 10 As announced by the Minister for Chemicals and Fertilisers Ananth Kumar, the Centre plans to start how many pharmaceutical clusters with an outlay of Rs 120 cr in the next one year?

1) 5 

2) 7

3) 10 

4) 12

5) 20 

Answer:-

1. (4) Shashi Kapoor
2. (5) ONGC
3. (3) 33 per cent
4. (5) None of these
5. (4) All the above
6. (3) Corporate Debt Restructuring
7. (1) 7.8 per cent
8. (1) Seoul
9. (2) Australia
10. (3) 10

Banking Awareness-I

1. RBI’s open market operation transactions are carried out with a view to regulate—

(A) Liquidity in the economy

(B) Prices of essential commodities

(C) Inflation

(D) Borrowing power of the banks

(E) All the above

2. When more than one banks are allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as—

(A) Participation

(B) Consortium

(C) Syndication

(D) Multiple banking

(E) None of these

3. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means —

(A) Sale or purchase of Govt. securities

(B) Issuance of different types of bonds

(C) Auction of gold

(D) To make available direct finance to borrowers

(E) None of these

4. The bank rate means—

(A) Rate of interest charged by commercial banks from borrowers

(B) Rate of interest at which commercial banks discounted bills of their borrowers

(C) Rate of interest allowed by commercial banks on their deposits

(D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks

(E) None of these

5. What is an Indian Depository Receipt ?

(A) A deposit account with a Public Sector Bank

(B) A depository account with any of Depositories in India

(C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

(D) An instrument in the form of deposit receipt issued by Indian depositories

(E) None of these

6. An instrument that derives its value from a specified underlying (currency, gold, stocks etc.) is known as—

(A) Derivative

(B) Securitisation Receipts

(C) Hedge Fund

(D) Factoring

(E) Venture Capital Funding

7. Fiscal deficit is—

(A) total income less Govt. borrowing

(B) total payments less total receipts

(C) total payments less capital receipts

(D) total expenditure less total receipts excluding borrowing

(E) None of these

8. In the Capital Market, the term arbitrage is used with reference to—

(A) purchase of securities to cover the sale

(B) sale of securities to reduce the loss on purchase

(C) simultaneous purchase and sale of securities to make profits from price

(D) variation in different markets

(E) Any of the above

9. Reverse repo means—

(A) Injecting liquidity by the Central Bank of a country through purchase of Govt. securities

(B) Absorption of liquidity from the market by sale of Govt. securities

(C) Balancing liquidity with a view to enhancing economic growth rate

(D) Improving the position of availability of the securities in the market

(E) Any of the above

10. The stance of RBI monetary policy is—

(A) inflation control with adequate liquidity for growth

(B) improving credit quality of the Banks

(C) strengthening credit delivery mechanism

(D) supporting investment demand in the economy

(E) Any of the above

Answer:-

Q. 1 (E)	Q. 2 (B)	Q. 3 (A)	Q. 4 (D)	Q. 5 (C)
Q. 6 (C)	Q. 7 (D)	Q. 8 (C)	Q. 9 (A)	Q. 10 (E)

Reasoning Quiz

Directions (Q.  1-5): Study the following information carefully and answer the given questions:

There are six cars P, Q, R, S, T and U parked in two rows. Each car has a different colour, viz Red, Yellow, Blue, Green, Orange and White. All the cars are of different prices. T is the most expensive car and is parked exactly opposite the Red car. The lowest priced car is parked exactly opposite the Green car. U, the Orange car, is parked between P and S. R, a Yellow car, is parked opposite P. Q is of Green colour and is parked opposite U. P is not of Blue colour and is more expensive than R, but not more expensive than S or Q.

1.  What is the colour of the most expensive car?

1) White 2) Blue 3) Red 4) Yellow 5) None of these

2.  What is the colour of the car which is diagonally opposite the White car?

1) Blue 2) Yellow 3) Green 4) Orange 5) None of these

3.  Which of the following cars is the second most expensive car?

1) S 2) T 3) Q 4) P 5) Can’t be determined

4.  Which of the following cars is parked opposite S?

1) P 2) Q 3) T 4) R 5) None of these

5.  What is the colour of the car which is parked exactly opposite the Yellow car?

1) Green 2) Orange 3) Red 4) White 5) None of these

Directions (Q. 6-10): In the questions given below, the relationship between different elements is shown in the statements. These statements are followed by two conclusions. Mark answer

1) if only conclusion I follows.

2) if only conclusion II follows.

3) if either conclusion I or II follows.

4) if neither conclusion I nor II follows.

5) if both conclusions I and II follow.

6.    Statements: M < J, J <= R, R = K, K < B

      Conclusions: I. K = J II. B > M

7.   Statements: P = W, V >= U, W < C, C > V

     Conclusions: I. C > P II. U < C

8.   Statements: Q >= R, N > M, N <= R

     Conclusions: I. Q >= N II. R >= M

(9-10):

Statements: U > X, Y <= Z, C = D, Y <= X, D > Z

9.    Conclusions: I. U > Y II. Z >= X

10.  Conclusions: I. C > Z II. Y < C

Answer :-
There are two possibilities:
Possibility (i)

 

Possibility (ii)

 

There are two possibilities to arrange the cars according to their prices:

Possibility (i) T > S > Q > P > R > U 
Possibility (ii) T > Q > S > P > R > U

1. 2        2. 1        3.5        4. 3        5. 4

6. (2) Given statements :

M < J ... (i)

J <= R ... (ii)

R = K  ... (iii)

K < B ... (iv)

Combining all these statements, we get

Hence, conclusion II is true.

7. (5) Given statements :

P = W  ... (i)

V >= U ... (ii)

W < C ... (iii)

C > V ... (iv)

Combining all these statements, we get

Again, C > U or U < C is true.

Hence, both conclusions I and II are true.

8. (1) Given statements :

Q >= R ... (i)

N > M ... (ii)

N <= R ... (iii)

Combining all these statements, we get

Hence, conclusion I is true. But conclusion II (R >= M) is not true.

(9 -10 ):

Given statements:

U > X ... (i)

Y <= Z ... (ii)

C = D ... (iii)

Y <= X ... (iv)

D > Z ... (v)

Combining all these statements, we get

U > X >= Y <= Z < D = C

9. (1)

Hence, conclusion I is true.

10. (5)

T hu s,  Z  <  C  or  C  >  Z  is  true.  Hence, conclusion I is true. Again, Y < C is true. Hence, conclusion II is true.

Percentage-I

1. A batsman scored 110 runs which included 3 boundaries and 8 sixes. What percent of his total score did he make by running between the wickets?
A. 45%               B. 45(5/11)%
C. 54(6/11)%      D. 55%

2. Two students appeared at an examination. One of them secured 9 marks more than the other
and his marks was 56% of the sum of their marks. The marks obtained by them are:
A. 39, 30      B. 41, 32
C. 42, 33      D. 43, 34

3. A fruit seller had some apples. He sells 40% apples and still has 420 apples. Originally, he
had:
A. 588 apples      B. 600 apples
C. 672 apples      D. 700 apples

4. What percentage of numbers from 1 to 70 have 1 or 9 in the unit's digit?
A. 1     B. 14
C. 20   D. 21

5. If A = x% of y and B = y% of x, then which of the following is true?
A. A is smaller than B.
B. A is greater than B
C.Relationship between A and B cannot be determined.
D.If x is smaller than y, then A is greater than B.
E. None of these

6. If 20% of a = b, then b% of 20 is the same as:
A. 4% of a       B. 5% of a
C. 20% of a     D. None of these

7. In a certain school, 20% of students are below 8 years of age. The number of students above
8 years of age is (2/3) of the number of students of 8 years of age which is 48. What is the total
number of students in the school?
A. 72 B. 80 C. 120 D. 150 E. 100

8. Two numbers A and B are such that the sum of 5% of A and 4% of B is two-third of the sum
of 6% of A and 8% of B. Find the ratio of A : B.
A. 2 : 3 B. 1 : 1 C. 3 : 4 D. 4 : 3

9. In an election between two candidates, one got 55% of the total valid votes, 20% of the votes
were invalid. If the total number of votes was 7500, the number of valid votes that the other
candidate got, was:
A. 2700 B. 2900 C. 3000 D. 3100

22 & 23 March, 2015 Current Affairs Question and Answers

Current Affairs Questions and Answers - Mar 22 & 23, 2015

Q1. Whom did PM Narendra Modi address in the March 2015 edition of Mann Ki Baat on All India Radio?

A. Students
B. Farmers
C. Army Personnel
D. Teachers

ANSWER: B. Farmers.

Prime Minister addressed the Land Acquisition Bill in this edition.

Q2. 84th Martyrdom Day is being observed on ____.

A. 21st March 2015
B. 22nd March 2015 
C. 23rd March 2015 
D. 24th March 2015 

ANSWER:C. 23rd March 2015.

A national level function is being organised at the National Martyrs Memorial at Hussainiwala in Ferozepur district of Punjab. It was on this day in 1931, Bhagat Singh, Rajguru and Sukhdev was hanged in Lahore central jail and were cremated on the banks of the river Satluj at Hussainiwala where the memorial exists.

Q3.In which state, the Union Minister M. Venkaiah Naidu laid the foundation stone for National Kamadhenu Animal Breeding Centre on 21st Mar’15?

A. Karnataka 
B. Uttar Pradesh
C. Madhya Pradesh
D. Andhra Pradesh

ANSWER: D. Andhra Pradesh.

The foundation stone laid in National Kamadhenu Animal Breeding Centre at Chintaladeevi of Kondapur Mandal in Nellore district of Andhra Pradesh. The Centre has already released 25 crore rupees for the 250 crore rupee project.

4. In the fight against which diseases did Mary Kom urge the people to come forward on 21st Mar’15 in Shillong?

A. HIV/AIDS
B. Hepatitis B
C. Cancer
D. Cardiac

ANSWER: C. Cancer and D. Cardiac.

She was addressing a press conference at Don Bosco Technical School in Shillong, in connection with an awareness campaign to combat cancer and cardiac diseases amongst women in Meghalaya.

5. On 21st Mar’15, renowned poet Yusuf Ali Kechery passed away in Kochi. He was a ____ poet.

A. Malayalam 
B. Kannada
C. Urdu
D. Hindi

ANSWER: A. Malayalam. 

He was known for his mystic lyrics on Hindu gods. He also dominated Malayalam films, along with ONV Kurup and P Bhaskaran as a top-notch lyricist and had penned hundreds of songs known for their mystic and romantic charm with a semi-classical touch.

6. In which state, the first Indian Open Paralympics will be organised between 2nd -9th May 2015?

A. Assam
B. Kerala
C. Delhi
D. Haryana

ANSWER: C. Delhi.

7. World Water Day was observed on ___.

A. 21st March 
B. 22nd March
C. 23rd March
D. 24th March

ANSWER: B. 22nd March.

Under the theme ‘Water and Sustainable Development', this year provides an important opportunity to highlight water's role in the sustainable development agenda. Countries all around the world launched events to echo the United Nation's call for the preservation of water. A UNESCO water report shows that about 884 million people still have no access to clean water, and around 3.5 million die each year due to an insufficient or unsanitary supply.

8. Name the aircraft carrier decommission by Indian Navy in Feb 2016?

A. INS Viraat
B. INS Vikramaditya
C. INS Tejas
D. INS Vikrant

ANSWER: A. INS Viraat

It was initially commissioned in the Royal British Navy in 1957 and inducted in Indian Navy in 1987.

Q9. Who became the highest run scorer in an ICC World Cup match surpassing the record of Chris Gayle?

A. Rohit Sharma
B. Martin Guptill
C. AB De Villers
D. David Warner

ANSWER: B. Martin Guptill. 

He scored 237 not out against the West Indies at Wellington in the 4th quarter-final of the ICC World Cup 2015 to make highest runs in a World Cup innings. Chris Gayle scored 215 runs against Zimbabwe in World Cup 2015.

Q10. In which state the two open-cast coal mines – Makardhokra and Bhanegaon were dedicated to the nation on 21st Mar’15?

A. Chhattisgarh
B. Jharkhand
C. Maharashtra
D. Andhra Pradesh

ANSWER: C. Maharashtra.

The two open-cast coal mines at Makardhokra and Bhanegaon, having a capacity of 2-million tonne and one million tonne respectively, were formally dedicated to the nation on 21 March by Union Power Minister Piyush Goyal.