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CURRENT AFFAIRS QUIZ WITH ANSWER for UPSC BANKING PSC EXAMS 6

CURRENT AFFAIRS QUIZ WITH ANSWER for UPSC BANKING PSC EXAMS  6

Q1. India inked with which among the following countries to deal for 36 Rafale fighter jets?
(a) Germany
(b) Taiban
(c) Russia
(d) France
(e) USA
India and France inked the deal for 36 Rafale fighter jets. The deal was signed in New Delhi in the presence of Defence Minister Manohar Parrikar and his French counterpart Jean Yves Le Drian. The aircraft will be equipped with latest missiles and weapon system. The 7.8 billion Euro deal is crucial for the Indian Air Force and is expected to give India the dominant status in the air.

Q2. The Government has set a target of doubling food processing levels in the country to 20 per cent by...........?
(a) 2021
(b) 2019
(c) 2030
(d) 2022
(e) 2025
The Government has set a target of doubling food processing levels in the country to 20 per cent by 2019. Inaugurating the World of Food 2016 International Expo in Mumbai, Union Food Processing Minister Harsimrat Kaur Badal said, despite all odds, the food processing sector has been able to register a 7.6 per cent growth, much higher than the agricultural and manufacturing sector growth. 

Q3. Which among the following countries is set to host India Week celebrations from 24th September 2016 with a business and investment meeting to be attended by CEOs of top Indian firms?
(a) Rome, Italy
(b) Berlin, Germany
(c) Moscow, Russia
(d) Bangkok, Thailand
(e) Yangzhou, China
China's Yangzhou city is set to host India Week celebrations from 24th September 2016 with a business and investment meeting to be attended by CEOs of top Indian firms. The city in coastal Jiangsu province has been an important business partner for India in the Eastern China Region. Consulate General of India in Shanghai, Prakash Gupta, said companies in Yangzhou have shown keen interest in investing in India as part of the projects available under the 'Make in India' initiative. 

Q4. Who was conferred the 10th Annual Clinton Global Citizen Award for leadership in business and philanthropy?
(a) Adi Godrej
(b) Ratan Tata
(c) Shiv Nadar
(d) Azim Premji
(e) Mukesh Ambani
Industrialist Adi Godrej, the Chairman of Mumbai-based Godrej Group, was conferred the 10th Annual Clinton Global Citizen Award for leadership in business and philanthropy. The award recognises Godrej's "leadership in transforming the intersection of business and philanthropy and making the Godrej Group a global example of what can be achieved through inclusive, sustainable business strategies". It was presented by Hikmet Ersek, CEO and President Western Union.

Q5. How many members were appointed by central government to the monetary policy committee?
(a) One
(b) Two
(c) Three
(d) Four
(e) Five
The Union government has named 3 outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), moving to a model followed in the developed world. The 6 member MPC - the other 3 members are from RBI—will conduct its first monetary policy review on 4 October, Urjit Patel's first as RBI governor. The Appointments Committee of the Cabinet has approved the names of Chetan Ghate, a professor at Indian Statistical Institute; Pami Dua, director at Delhi School of Economics (DSE); and Ravindra Dholakia, professor at Indian Institute of Management, Ahmedabad, as MPC members.

Q6. Name the former Indian women's hockey captain, who has announced her retirement from international hockey recently? 
(a) Sushila Chanu
(b) Renuka Yadav
(c) Sunita Lakra
(d) Vandana Kataria
(e) Ritu Rani
Former Indian women's hockey captain Ritu Rani has announced her retirement from international hockey. Ritu, who was controversially dropped from the team for the Rio Olympics citing "attitude" issues. The 24-year-old midfielder, it seems, hasn't been able to come to terms with her axing from the Olympics squad and hence decided to call time on her international career. under her captaincy the team qualified for the Olympics after 36 years after finishing fifth in the 2014–15 Women's FIH Hockey World League Semifinals.

Q7. President Pranab Mukherjee and Prime Minister Narendra Modi launched Vice President Mohd Hamid Ansari's book titled __________________  at Rashtrapati Bhawan in New Delhi. 
(a) We live in India
(b) Indian or India
(c) Good Behaviour
(d) Citizen and Society
(e) Honour and Guard
President Pranab Mukherjee and Prime Minister Narendra Modi launched Vice President Mohd Hamid Ansari's book titled "Citizen and Society" at Rashtrapati Bhawan in New Delhi. Describing Mr Ansari's life as that of a perfect citizen, the President said, the theme of the book is that a citizen cannot be apolitical and has to take part in politics to build the society. Speaking on the occasion, Prime Minister Narendra Modi said, it is a matter of pride that India has hundreds of languages,various religions and beliefs.

Q8. Who has appointed as chairperson of Insolvency and Bankruptcy Board of India?
(a) Mohan M Shantanagoudar
(b) Anandi Ramalingam
(c) Madhusudan Sahoo 
(d) Junaid Ahmad
(e) None of the above
The Centre has appointed Madhusudan Sahoo as chairperson of Insolvency and Bankruptcy Board of India. According to an official order, his appointment has been approved for a period of five years by the Appointments Committee of Cabinet.
Sahoo is at present a member of the Competition Commission of India. The board will regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities.

Q9. The Union Cabinet approved an agreement between India and ________ for exchange of tax related information.
(a) Myanmar
(b) Samoa
(c) Croatia
(d) Yemen
(e) Egypt
The Union Cabinet approved an agreement between India and Samoa for exchange of tax related information. The proposal to sign and ratify the agreement between India and Samoa was approved by the Union Cabinet. The agreement will stimulate the flow of exchange of information between India and Samoa for tax purposes which will help curb tax evasion and tax avoidance.

Q10. Cabinet approves Rs 1,102 crore submarine cable link to which among the following Union  territories?
(a) Andaman and Nicobar
(b) Dadra and Nagar Haveli
(c) Daman and Diu
(d) Puducherry
(e) Chandigarh
The Union Cabinet approved a Rs 1,102.38 crore project for a direct communication link through a dedicated submarine Optical Fibre Cable (OFC) between the mainland and Andaman and Nicobar Islands. The project to be completed by December 2018, will link Chennai with Port Blair and five other islands of Little Andaman, Car Nicobar, Havelock, Kamorta and Great Nicobar.

Q11. Banks and auto brands dominate the list of top 10 of the 50 most valuable brands in India. Which Bank/auto brand held on to the top spot?
(a) State Bank of India 
(b) Airtel
(c) HDFC Bank
(d) Tata Consultancy Services
(e) Reliance Industries Limited
Banks and auto brands dominate the list of top 10 of the 50 most valuable brands in India. HDFC Bank held on to the top spot, three years in a row and improved its value by 15% to become the most valued brand at around Rs 84,000 crore. It is also among the top 10 risers for 2016. Airtel and State Bank of India too kept their second and third spots although valuations dropped by 10 and 32% respectively. The 3rd annual BrandZ Top 50 Most Valuable Indian Brands report released by WPP and Kantar Millward Brown puts the overall value of the top 50 brands at $90.5 billion.

Q12. Name the person, who was appointed as Ambassador to the USA?
(a) Anand Chandrasekaran
(b) Madhusudan Sahoo
(c) Ajay Kaul
(d) Navtej Sarna
(e) None of the above

Q13. Which among the following Banks has entered into partnership with two insurance companies for distributing their products recently? 
(a) State Bank of India
(b) Andhra Bank
(c) Dena Bank
(d) ICICI Bank
(e) Bandhan
Andhra Bank has entered into partnership with two insurance companies for distributing their products. It has entered into two separate corporate agency agreements with Cigna TTK Company Ltd, a standalone health insurer, and Reliance General Insurance Company Ltd.

Q14. India is negotiating with ____________ Export-Import Bank for an $8-9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress.
(a) USA
(b) UK
(c) UAE
(d) Canada
(e) Germany
India is negotiating with US Export-Import Bank for an $8-9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming US-India ties in recent years, could open up billions of dollars of further investment in India's nuclear power sector, which was for decades shut out of the global market.

Q15. The Delhi's Race Course Road, which houses PM Narendra Modi's residence, has now been renamed as.........?
(a) Lakshmibai Marg
(b) Lokmanya Marg
(c) Atal Marg
(d) Maharana Pratap Marg
(e) Lok Kalyan Marg
7RCR is now 7 LKM! Delhi's famous Race Course Road, on which the Prime Minister's residence is situated, has been renamed to Lok Kalyan Marg. This means that PM Narendra Modi's address would now read 7, Lok Kalyan Marg, instead of 7 Race Course Road. Race Course Road was named after the Delhi race course, part of Delhi Race Club, established in 1940.


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