CURRENT AFFAIRS MCQs

1) Which of the following is true about infrastructure output of India?
1. The country’s infrastructure sector output grew to a seven-month high at 5.1 per cent in September
2. This is due to double-digit growth
in the production of coal, petroleum refinery products and cement.
3. The eight core industries have a com bined weight of 37.90 percent in the Index of Industrial Production (IIP).
4. Coal production registered a grow th of 21.4 per cent in September 2012 compared to negative growth of 18.2 per cent in the same month last year
 5. All the above

2) Which of the following is true about World Economic Forum report?
1. India’s ranking went down 4 places to 40th in 2012 compared to the previous year in an index
2.The break-up of Financial Develop ment Index showed that India ranked 9th in non-banking financial services and capital markets tracked by the index
3.But India lost out in in terms of banking financial services standing at 45th place.
4.Hong Kong topped the index for the second consecutive year, followed by the US, the UK, Singapore,Australia, Canada
5.None f these

3)Which of the following in going to acquire 100% stake in Stock holding Corporation of India?
1. Indian Bank
2. Bank of India
3. IDBI
4. Bank of Baroda
5. State Bank of India

4) Which of the following bank has started special branches in the name of Pragati which would have a well-laid service area equipped with passbook printing terminal, cash deposit machine, cheque deposit machine and an ATM to take care of the basic requirem ents of customers?
1. State Bank of India
2. Punjab National Bank
3. Allahabad Bank
4. Bank of Maharashtra
5. None of these

5)Which of the following is true about RBI’s recent data regarding Banks credit?
1. Non-food bank credit growth slowed to 15.9 per cent in September 2012 against 18.7%
2. Including food credit, there was slowdown in credit growth at 16.3 percent in September against 18.9 percent, a year ago.
3. Credit growth to industry also slowed to 15.6 per cent from 22.9 percent last year.
4. Credit growth to the services sector slowed to 16.5 per cent. However, credit growth to agriculture increased 21.3 percent (7.9 per cent).
5. All the above

6)Which of the following is true about new Minimum Support Price for food grains
1. The government approved upto 20 percent hike in the minimum supp- ort price (MSP) for five rabi crops for 2013-14
2. The MSP of gram has been hiked to Rs 3,000 per quintal for 2013-14 from Rs 2,800 this year
3. Support price of masur has been raised by Rs 100 per quintal to Rs 2,900.
4. Among oilseeds, the MSP of must- ard seed has been raised to Rs 3,000 per quintal from Rs 2,500 in 2012-13 and safflower MSP from Rs 2,500 to Rs 2,800 in the review period
5. All the above

7)The Cabinet Committee on Econo- mic Affaris has lifted ban on export of milk products, it will be appli-cable till March 
1. 2013
2. 2014
3. 2015
4. 2016
5. 2017

8)Which of the following is true abo ut RBI’s decision regarding sick micro and small enterprises?
1. These guide lines made on recom- mendations of the working group chaired by Deputy Governor K. C. Chakrabarty
2. RBI has suggested that an MSE is considered ‘sick’ when: any of the borrowal a8ount of the enterprise remains a non-performing asset (NPA) for three months or more
3. RBI also suggested if there is eros- ion in the net worth due to a8um- ulated losses to the extent of 50 percent of its net worth during the previous a8ounting year 4. The stipulation that the unit should have been in commercial produc- tion for at least two years has been removed.
5. All the above true

9) Which of the following Bank’s House journal bagged Champions of Champions trophy?
1. Bank of India
2. Syndicate Bank
3. Union Bank of India
4. State Bank of Hyderabad
5. Indian Bank

10) Malayalam entertainment channel Asianet proposed to merge with.?
1. Vijay Channel
2. Gemini
3. Jaya Channel
4. N-direct
5. None of these

ANSWERS:

1. 5,   2. 5,   3. 3,   4. 2,    5. 5,   6. 5,   7. 1,   8. 5,   9. 3,   10. 1