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CURRENT AFFAIRS QUIZ WITH ANSWER for UPSC BANKING PSC EXAMS 15


CURRENT AFFAIRS QUIZ WITH ANSWER for UPSC BANKING PSC EXAMS 15

Q1. The Cabinet Committee on Economic Affairs, CCEA gave nod to acquisition of how much per cent stake in Russian oil company JSC Vankorneft, by ONGC Videsh Limited, OVL for 930 million dollars?
(a) 11 per cent
(b) 25 per cent
(c) 05 per cent
(d) 15 per cent
(e) 19 per cent
The Cabinet Committee on Economic Affairs, CCEA gave nod to acquisition of 11 per cent stake in Russian oil company JSC Vankorneft, by ONGC Videsh Limited, OVL for 930 million dollars. This will provide 3.2 Million Metric Ton of Oil Equivalent to OVL by 2017. It will also enable Indian PSUs to acquire new technologies. It is in line with ONGC's goal of adding high quality international exploration and production assets and augmenting India's energy security.

Q2. Which of the following country and India signed three agreements, including two in the area of skill development, following delegation-level talks headed by Prime Minister Narendra Modi and it's Premier Lee Hsien Loong, who is on a visit to India?
(a) Brazil
(b) Singapore
(c) Germany
(d) Sri Lanka
(e) Russia
India and Singapore signed three agreements, including two in the area of skill development, following delegation-level talks headed by Prime Minister Narendra Modi and Singapore Premier Lee Hsien Loong, now on visit to Delhi. "Strengthening a Strategic Partnership. The two leaders witness the signing of 3 agreements in skill development and industrial property.

Q3. Name the Malayali Sculptor artist, who passed away recently?
(a) Nalinidhar Bhattacharyya
(b) S K Mahajan
(c) Yusuf Arakkal
(d) Syed Shamsul Haq
(e) K Madhavan
Eminent contemporary artist Yusuf Arakkal passed away in Bengaluru, Karnataka. He was 71. Arakkal had recently released a book called Faces of Creativity, which is a comprehensive collection of portraits of fellow artists.  It was the first time that an Indian artist had done portraits of other artists. Yusuf Arakkal was a Malayali painter based in Bengaluru.

Q4. Who has resigned as the Chief Executive Officer (CEO) of Prasar Bharati Corporation? 
(a) Rajeev Sharma
(b) MS Sahoo
(c) R Ravindra
(d) Jawhar Sircar
(e) Ashish Vohra
Jawhar Sircar has resigned as the Chief Executive Officer of Prasar Bharati Corporation. His resignation came 4 months ahead of the end of his tenure which was about to end in February 2017. Prasar Bharati is India's largest public broadcasting agency.

Q5. The Goods and Services Tax (GST) Council has decided that businesses in rest of India (excluding those in Northeastern and hill states) with annual turnover below _______ would be out of the GST net.
(a) Rs 10 lakh
(b) Rs 15 lakh
(c) Rs 30 lakh
(d) Rs 25 lakh
(e) Rs 20 lakh
The Goods & Services Tax (GST) Council has decided that businesses in the Northeastern and hill states with annual turnover below Rs.10 lakh would be out of the GST net, while the threshold for the exemption in the rest of India would be an annual turnover of Rs.20 lakh.

Q6. As decided by the RBI, the statutory liquidity ratio (SLR) of banks will come down 0.25 per cent every quarter till Jan 2017. What is the present SLR?
(a) 20.50 per cent
(b) 20.75 per cent
(c) 21.25 per cent
(d) 21.50 per cent
(e) 21.75 per cent
The Reserve Bank of India said the statutory liquidity ratio (SLR) of banks will come down 0.25 per cent every quarter, from 21.5 per cent of their deposits now to 20.50 per cent in the March 2017 quarter, as announced in the fourth bi-monetary policy in September, 2015.

Q7. Who among the following has/have received the Nobel Prize in Physics for 2016 for their discovery of a mathematical framework in the field of topography?
(a) David J Thouless
(b) Duncan M Haldane
(c) J Michael Kosterlitz
(d) All of the above
(e) Only (b) and (c)
Three British physicists working at US universities have won the Nobel Prize in Physics for revealing the secrets of exotic matter. The 8 million Swedish Krona prize (more than US $931,000) was divided between the three laureates according to their contributions one half awarded to David Thouless of the University of Washington, and the other half jointly to Duncan Haldane of Princeton University and Michael Kosterlitz of Brown University.

Q8. Who has been appointed Chevalier de l'Ordre National du Mérite (Knight in the National Order of Merit), one of the highest civilian recognitions of the French govt.
(a) Rajendra Singh
(b) Medha Patkar
(c) Irom Chanu Sharmila
(d) Arundhati Roy
(e) Prajna Chowta
Film-maker and elephant researcher Prajna Chowta has been appointed Chevalier de l'Ordre National du Mérite (Knight in the National Order of Merit), one of the highest civilian recognitions of the French government. The appointment of Chowta by the President of the French Republic comes in recognition of a life devoted to caring for wild Asian elephants.

Q9. Fiscal deficit in the first five months of the current fiscal stood at Rs 4.08 lakh cr, which was _______ of Budget estimates for 2016-17.
(a) 76.4 per cent
(b) 65.6 per cent
(c) 72.6 per cent
(d) 55.3 per cent
(e) 87.2 per cent
The Centre's fiscal deficit in the first five months touched 76.4 per cent of the Budget estimates for 2016-17, nearly 10 percentage points higher than 66.5 per cent in the corresponding period of the previous financial year. An encouraging factor was that the government's capital expenditure rose in August (year-on-year) but cumulatively it was still down due to a contraction in the first four months.

Q10. Who has been awarded the 2016 John F. Richards Prize for her book Ashoka in Ancient India?
(a) Prajna Chowta 
(b) Katyayan Shivpuri
(c) Nayanjot Lahiri
(d) Kolakaluri Enoch
(e) Kiara Nirghin
Nayanjot Lahiri, Professor of History at the Ashoka University, has been awarded the 2016 John F. Richards Prize for her book Ashoka in Ancient India. The Richards Prize is awarded annually by the American Historical Association (AHA) to the best book in South Asian history.

Q11. Who has been appointed as the next chairman of the Central Board of Direct Taxes (CBDT)?
(a) Mohit Kampani
(b) R Ravindra
(c) Vinod Sawhny
(d) Rani Singh Nair
(e) Sushil Chandra
The Government has appointed Indian Revenue Service officer Sushil Chandra as the next chairman of the Central Board of Direct Taxes. "The Appointments Committee of the Cabinet has approved the appointment of Shri Sushil Chandra. He will take over from the current CBDT Chairperson Rani Singh Nair, who will retire on October 31. Chandra is currently posted as Member, CBDT.

Q12. The Union Ministry of Road Transport and Highways has launched the Indian Bridge Management System (IBMS). It was launched by Union Minister of Road Transport and Highways. Who is present Union Road Transport and Highways Minister in India?
(a) Dharmendra Pradhan
(b) Arun Jaitley
(c) Suresh Prabhu
(d) Nitin Gadkari
(e) Sushma Swaraj
The Union Ministry of Road Transport and Highways has launched the Indian Bridge Management System (IBMS). It was launched by Union Minister of Road Transport and Highways Nitin Gadkari in New Delhi as a major step towards ensuring safety of bridges in the country.

Q13. The Union Cabinet gave its approval for the signing of MoU between India and ______ in the field of water resources.
(a) Nepal
(b) USA
(c) European Union 
(d) Russia
(e) Germany
The Union Cabinet gave its approval for the signing of MoU between India and European Union in the field of water resources. The MoU envisages strengthening the technological, scientific and management capabilities of India and the European Union in the field of water management on the basis of equality, reciprocity and mutual benefit.

Q14. Who among the following has/have received the Nobel Prize in Chemistry for 2016 for developing molecular machine?
(a) Jean-Pierre Sauvage
(b) Sir J Fraser Stoddart
(c) Bernard L Feringa
(d) Both (a) and (b)
(e) All of the above
The Nobel Prize in Chemistry for 2016 has been awarded to Jean-Pierre Sauvage, Sir J. Fraser Stoddart and Bernard L. Feringa for developing molecular machine. Announcing the Prize in Stockholm, Sweden a statement from the Royal Swedish Academy of Sciences said,"The development of computing demonstrates how the miniaturisation of technology can lead to a revolution. The 2016 Nobel laureates in Chemistry have miniaturised machines and taken chemistry to a new dimension."

Q15. Ranil Wickramasinghe is the present Prime Minister of Which country?
(a) Sri Lanka
(b) Myanmar
(c) Singapore
(d) Nepal
(e) Thailand
Sri Lankan Prime Minister Ranil Wickramasinghe arrived in New Delhi today (04th October 2016) on a three-day visit during which he will hold talks with the top leadership including Prime Minister Narendra Modi.

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