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CURRENT AFFAIRS QUIZ WITH ANSWER for UPSC BANKING PSC EXAMS 10

CURRENT AFFAIRS QUIZ WITH ANSWER for UPSC BANKING PSC EXAMS 10

Q1. Government has fixed an export quota of ten thousand tonnes of white sugar to the __________ under a certain provision for the one-year period.
(a) G-20
(b) ASEAN
(c) EU
(d) OPEC
(e) WTO
Government has fixed an export quota of ten thousand tonnes of white sugar to the European Union under a certain provision for the one-year period. The Director General of Foreign Trade said that it has allocated white sugar under concessions to European Union for the period October 2016 to September next year (2017).

Q2. The government has announced a total cash reward of how much Rupees for the medal winners of Rio Paralympics? 
(a) 90 lakh Rupees
(b) 15 lakh Rupees 
(c) 30 lakh Rupees 
(d) 75 lakh Rupees 
(e) 46 lakh Rupees
The government announced a total cash reward of 90 lakh Rupees for the medal winners of Rio Paralympics. According to an official statement, Gold medal winners, paralympic high jumper Mariyappan Thangavelu and Javelin thrower Devendra Jhajharia will be rewarded with 30 lakh Rupees each. Deepa Malik, who won a silver medal in shotput, will be rewarded 20 lakh Rupees and high jumper Varun Singh Bhati, who won a bronze medal at the Rio games, will be given 10 lakh Rupees.

Q3. OPEC nations reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago, pushing up prices that had sunk over the past two years and weakened the economies of oil-producing nations. OPEC stands for?
(a) Organization of the Patent Exporting Commission
(b) Organization of the Petroleum External Countries
(c) Organization of the Petroleum Exporting Council
(d) Organization of the Payment Exercise Countries 
(e) Organization of the Petroleum Exporting Countries
OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, pushing up prices that had sunk over the past two years and weakened the economies of oil-producing nations. Mohammed Bin Saleh Al-Sada, Qatar's energy minister and president of OPEC, announced the deal after several hours of talks in the Algerian capital. The levels must still be finalized at an OPEC meeting in Vienna in November. OPEC pumps 40 percent of the world's oil.

Q4. Which among the follwing countries and Vietnamese navies have begun the 7th annual Naval Engagement Activity (NEA) Vietnam 2016 at Tien Sa Port in Da Nang, Vietnam?
(a) India
(b) Canada
(c) UAE
(d) USA
(e) UK
The USA and Vietnamese navies have begun the 7th annual Naval Engagement Activity (NEA) Vietnam 2016 at Tien Sa Port in Da Nang, Vietnam. The exercise will focus on non-combatant events and include seminars in military medicine and maritime law as well as subject matter expert exchanges in navigation, shipboard medicine and damage control.

Q5. Who has been awarded the 'Lata Mangeshkar Award for Lifetime Achievement' instituted by the Maharashtra government? 
(a) AR Rahman
(b) Uttam Singh 
(c) Srikant Nirala 
(d) Pritam Chakraborty
(e) None of the above
Music director Uttam Singh has been awarded the 'Lata Mangeshkar Award for Lifetime Achievement' instituted by the Maharashtra government. The award carries a citation, a trophy and 500000 rupees in cash. 

Q6. Name the former Australian cricketer, whose awkward and unorthodox bowling action earned him the nickname 'Tangles', had passed away?
(a) Jason Gillespie
(b) Glenn McGrath
(c) Andrew Symonds
(d) Greg Chappell
(e) Max Walker
Former Australian cricketer Max Walker, whose awkward and unorthodox bowling action earned him the nickname 'Tangles', passed away. He had authored several books out of which "How To Hypnotise Chooks And Other Great Yarns" is one of the best-selling book.

Q7. World Maritime Day is being observed annually on 29th September 2016 across the world. The World Maritime Day theme for 2016 is.............?
(a) Raise awareness of the relevance 
(b) Global society gives IMO's work
(c) Critical link between shipping 
(d) Shipping: indispensable to the world 
(e) None of the above
The theme for World Maritime Day 2016 is "Shipping: indispensable to the world". The theme was chosen to focus on the critical link between shipping and global society and to raise awareness of the relevance of the role of IMO as the global regulatory body for international shipping. The importance of shipping to support and sustain today's global society gives IMO's work a significance that reaches far beyond the industry itself. 

Q8. Which among the following hospitals and Italy's KOS group have jointly launched a medical rehabilitation hospital in Hyderabad recently?
(a) Fortis Healthcare
(b) Tata Memorial Hospital
(c) Apollo Hospitals
(d) Max Hospital
(e) AIIMS
Apollo Hospitals and Italy's KOS group have jointly launched a medical rehabilitation hospital in Hyderabad. The joint venture, ApoKOS, is the first integrated and complete medical rehabilitation hospital in the country.

Q9. Which among the following banks has inked a memorandum of understanding with Birla Sun Life Asset Management Company for distribution of mutual fund products?
(a) State Bank of India
(b) Karnataka Bank Ltd
(c) Bank of Baroda
(d) ICICI Bank
(e) Indian Overseas Bank
Karnataka Bank Ltd has inked a memorandum of understanding with Birla Sun Life Asset Management Company for distribution of mutual fund products. Quoting the Managing Director of the bank, P Jayarama Bhat, a press release said the bank is committed to becoming a one-stop financial supermarket for its customers. In this background, the bank is expanding its scope with the distribution of mutual fund business by joining hands with Birla Sun Life MF.

Q10. The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 launched on 14th July, 2003 and Varistha Pension Bima Yojana (VPBY) 2014 launched on 14th August, 2014. The Schemes are implemented through...............?
(a) Life Insurance Corporation (LIC)
(b) ICICI Prudential Life Insurance
(c) United India Insurance Company (UIIC)
(d) General Insurance Corporation of India (GIC)
(e) National Insurance Company Limited (NICL)
The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 launched on 14th July, 2003 and Varistha Pension Bima Yojana (VPBY) 2014 launched on 14th August, 2014. The Cabinet also granted approval for expenditure incurred on subsidy amount released to LIC during the period of 2003-04 to 2014-15 for VPBY, 2003 and approval to incur expenditure on VPBY, 2003 and 2014 from the financial year 2015-16 onwards. The Schemes are implemented through Life Insurance Corporation (LIC) of India, and the difference between the actual yield earned by LIC on the funds invested under the Scheme and the assured return committed by the Government is paid as subsidy to LIC. 

Q11. Name the fisherman, who got the award for his active involvement in open sea cage farming, guided by the Veraval Regional Centre of CMFRI, off the Veraval coast?
(a) Hasanbhai Musangara Jumabhai
(b) Babubhai Bokhiria
(c) Anshraj Patel
(d) Shridhar Jain
(e) None of the above
The Central Marine Fisheries Research Institute's (CMFRI) open sea cage farming model in Gujarat has received national recognition, with a fisherman associated with the institute bagging the Pandit Deen Dayal Upadhyay Antoyodaya Krishi Puraskar instituted by ICAR this year (2016). Hasanbhai Musangara Jumabhai, a tribal fisherman of the Siddi community, got the award for his active involvement in open sea cage farming, guided by the Veraval Regional Centre of CMFRI, off the Veraval coast. Hasanbhai is the leader of the fishermen co-operative society Bharat Admjuth Matsyodyog Mandali-Talala, in Gujarat.

Q12. Asian Development Bank(ADB) retained India's GDP growth forecast at ________ for the current fiscal and forecast the economy would grow at _________ in 2017-18.
(a) 8.2 per cent and 8.8 per cent
(b) 7.4 per cent and 7.8 per cent
(c) 8.4 per cent and 8.6 per cent
(d) 7.9 per cent and 8.1 per cent
(e) 7.2 per cent and 7.8 per cent
Terming the passage of the Constitutional Amendment Bill for the goods and services tax (GST) as a "milestone reform", the Asian Development Bank on Tuesday said the Indian economy will remain on a strong growth path in the current and next fiscal. In an update to its Asian Development Outlook 2016, the ADB retained India's GDP growth forecast at 7.4 per cent for the current fiscal and forecast the economy would grow at 7.8 per cent in 2017-18.

Q13. The Cabinet Committee on Economic Affairs has given its approval for Oil India, Indian Oil Corporation and Bharat Petro Resources Ltd to acquire 23.9 per cent in JSC Vankorneft for $2.020 billion and 29.9 per cent stake in LLC Taas-Yuryakh for $1.242 billion from national oil company Rosneft. Rosneft is an integrated oil company majority owned by the Government of..............?
(a) USA
(b) France
(c) Russia
(d) Japan
(e) Germany
The Cabinet Committee on Economic Affairs has given its approval for Oil India, Indian Oil Corporation and Bharat Petro Resources Ltd to acquire 23.9 per cent in JSC Vankorneft for $2.020 billion and 29.9 per cent stake in LLC Taas-Yuryakh for $1.242 billion from Russia's national oil company Rosneft. The acquisition in Vankorneft, which operates the Vankor oil fields in Siberia, will give the Indian consortium 6.56 million tonne of oil equivalent annually. Further, the acquisition of 29.9 per cent stake in Taas-Yuryakh will provide the consortium 0.5 mt of oil equivalent initially and 1.5 mt of oil equivalent annually from 2019.

Q14. Defence Minister has inaugurated the 35th Coast Guard Commanders Conference at Coast Guard Headquarters, New Delhi. Who is the present union defence Minister of India?
(a) Suresh Prabhakar Prabhu
(b) Prakash Javadekar
(c) Sushma Swaraj
(d) Manohar Parrikar
(e) Arun Jaitley
Defence Minister Manohar Parrikar inaugurated the 35th Coast Guard Commanders Conference at Coast Guard Headquarter, New Delhi. Parrikar appreciated the efforts of the Indian Coast Guard (ICG) in augmenting maritime and coastal security not only by deployment of assets but also by efficient exploitation of Coastal Security Network Phase I and expressed hope that CSN Phase II would also be implemented on time.

Q15. The World Health Organisation, a specialised agency of UN has declared the Region of _______  as Measles free. 
(a) Indonesia
(b) Nigeria
(c) Cuba
(d) Bulgaria
(e) Americas
The World Health Organisation, a specialised agency of UN has declared the Region of the Americas as Measles free. The declaration came during the 55th Directing Council of the Pan American Health Organization/World Health Organization (PAHO/WHO). With this, the Americas became the first in the world to have eliminated measles, a viral disease that can cause severe health problems, including pneumonia, blindness, brain swelling and even death.


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