General Awareness Quiz - 1

1.    What is the name of the pre-paid/remittance provider associated with the m-Pesa platform, which during March 2014 started a pan-India inter-bank money transfer service by joining hands with the Immediate Payment Service (IMPS) of the National Payments Corporation of India (NPCI)?
(1) Mobile Commerce Solutions Ltd
(2) Mobile Solutions Ltd
(3) Prepaid Mobile Solutions Ltd.
(4) M- Pesa Mobile Solutions Ltd.
(5) None of these

2.    Which state scored the highest in monthly per capita consumer expenditure (MPCE) for urban areas in the recently released ranking by the by the National Sample Survey Organisation (NSSO)? 
(1) Gujarat
(2) Haryana
(3) Uttar Pradesh
(4) Maharashtra
(5) None of these

3.    The Cabinet Committee on Economic Affairs (CCEA) during February 2014 gave its approval for foreign equity participation up to 74% of the paid-up capital of which private bank based in Kerala?
(1) Citi Bank
(2) Federal Bank
(3) HDFC Bank
(4) Yes Bank
(5) HSBC Bank

4.    Who among the following is the Chairman of Tax Administration Reform Commission (TARC)?
(1) Parthasarathy Shome
(2) C Rangarajan
(3) S Mahalingam
(4) Rajiv Takru
(5) None of these

5.    Union Ministry of Minority Affairs launched which new initiative for the welfare of minorities on 4 March 2014?
(1) Rajeev Swasthaya Yozna
(2) Indira Swasthaya Yozna
(3) Maulana Azad Sehat Scheme
(4) Nehru Swasthaya Yozna
(5) None of these

6.    The inaugural World Test Cricket Championship will take place in 2017 in -
(1) England & Wales
(2) West Indies
(3) Australia
(4) India
(5) None of these

7.    Bihari Puraskar is a literary award given for outstanding work published in ___?
(1) Hindi/Maithili
(2) Hindi
(3) Hindi/Gujarati
(4) Hindi/Rajasthani
(5) None of these

8.    On which date the United Nation celebrated the first ever “International day of Happiness”?
(1) 20th march                 
(2) 21 Feb
(3) 20 April                                   
(4) 20May
(5) None of these

9.    Hilderaldo Luiz Bellini, who passed away on 20 March 2014, was the captain of which Football World Cup winning team?
(1) Argentina
(2) Brazil
(3) Portugal
(4) Germnany
(5) None of these

10.  What is the name of the Deputy Governor of the RBI who resigned on 20 March 2014?
(1) Anand Sinha
(2) HR Khan
(3) KC Chakraborty
(4) Urjit Patel
(5) None of these

11) The central banking functions in India are performed by the
I. Central Bank of India
II. Reserve Bank of India
III. State Bank of India
IV. Punjab National Bank
A. I, II
C. I

12) Development expenditure of the Central government does not include
A. defence expenditure
B. expenditure on economic services
C. expenditure on social and community services
D. grant to states

13. ICICI is the name of a
A. chemical industry
B. bureau
C. corporation
D. financial institution

14. Gilt-edged market means
A. bullion market
B. market of government securities
C. market of guns
D. market of pure metals

15. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
A. Chemicals other than fertilizers
B. Services sector
C. Food processing
D. Telecommunication

16. Devaluation of a currency means
A. reduction in the value of a currency vis-a-vis major internationally traded currencies
B. permitting the currency to seek its worth in the international market
C. fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
D. fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

17. In the second nationalization of commercial banks, ___ banks were nationalized.
A. 4
B. 5
C. 6
D. 8

18. Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
I. interest payments
II. subsidies
III. defence
IV. irrigation

A. I, II
B. I

19. Depreciation means
A. closure of a plant due to lock out
B. closure of a plant due to labour trouble
C. loss of equipment over time due to wear and tear
D. destruction of a plant in a fire accident

20. Deficit financing leads to inflation in general, but it can be checked if
A. government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
B. only aggregate demand is increased
C. all the expenditure is denoted national debt payment only
D. All of the above


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