Wednesday, July 9, 2014

Quiz 648: Finance, Business and Economy Current Affairs for Bank PO Examinations

1.
Recently, a financial newspaper read: “India is set for a record food grain output in the current crop year“. The Crop Year in India runs from which month to which month?
[A]April to March
[B]June to July
[C]July to June
[D]October to September
July to June
India is world’s second biggest rice and wheat grower, produced 255.36 million tonne of food grains in 2012/13. It had produced a record 259.29 million tonne in 2011-12. In India, the Crop year runs from July to June.
2.
The 3960 MW Tilaiya Ultra Mega Power Project (UMPP) is located in which state?
[A]Bihar
[B]Jharkhand
[C]Uttar Pradesh
[D]West Bengal
Jharkhand
Tilaiya project is a 3,960 Megawatt (Mw) Ultra Mega Power Project (UMPP) in Jharkhand. It was to be commissioned in 2012 but got late due to array of reasons.
3.
A financial newspaper recently read:”The Indian government’s policy measures are helping the power sector as green shoots have started to emerge“. In this statement the appropriate meaning of green shoots is __?
[A]New projects
[B]Economic recovery
[C]Increased FDI
[D]Environment friendly power production
Economic recovery
Green shoots refers to indicate signs of economic recovery during an economic downturn.
4.
A person travels from Kakinada to Vallarpadam Container Terminal via sea route. This means that he would travel from ?
[A]Andhra Pradesh to Tamil Nadu
[B]Karnataka to Kerala
[C]Andhra Pradesh to Kerala
[D]Maharashtra to Kerala
Andhra Pradesh to Kerala
5.
At present (2014), which among the following projects is the biggest foreign direct investment into India?
[A]Reliance-BP Project
[B]Posco Project
[C]Hindalco Project
[D]Delhi Mumbai Industrial Corridor
Posco Project
The integrated steel plant by South Korean firm Posco is the biggest foreign direct investment into India. The project had hung fire since 2005, as it was entangled in several regulatory and environmental hurdles.
6.
What is the population norm for cities that would be covered under the National Urban Health Mission (NUHM)?
[A]50,000 and above
[B]100,000 and above
[C]200,000 and above
[D]300,000 and above
50,000 and above
On May 1, 2013, the Union Cabinet had cleared the NUHM. It will cover all cities and towns with a population of over 50,000, apart from covering all the state capitals and district headquarters, irrespective of the population size. It is estimated that the NUHM will cover a population of over 220 million people, of which an estimated 77.5 million are poor and vulnerable.
7.
Recently, the Public-Private Partnership Appraisal Committee (PPPAC) recommended that five road transport and highway projects worth Rs 7,595 crore should be taken up in PPP (Public Private Partnerhship) Mode. The PPPAC is headed by __?
[A]Arvind Mayaram
[B]Pulok Chatterji
[C]Prabeer Kumar Basu
[D]Rahul Khullar
Arvind Mayaram
The Public-Private Partnership Appraisal Committee (PPPAC), headed by Economic Affairs Secretary Arvind Mayaram in January 2014.
8.
Recently, we read in the newspapers that the negotiations for the free trade agreement between India and EFTA was stuck on the issue of intellectual property regime (IPR). Which among the following countries is not among the EFTA members?
[A]Switzerland
[B]Norway
[C]Liechtenstein
[D]Portugal
Portugal
The EFTA is a grouping of four countries — Switzerland, Iceland, Norway and Liechtenstein.
9.
A recent news in a business newspapers read: “Indirect tax collections grew by 6.2% in the April-December period of this fiscal“. Which among the following is / are indirect taxes?
1. Excise
2. Custom
3. Service Tax
4. Property Tax
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 1, 2 & 3
[C]Only 3 & 4
[D]1, 2, 3 & 4
Only 1, 2 & 3
10.
As of 2014, the number of public sector banks in India is__?
[A]25
[B]22
[C]27
[D]29
As of 2014 (January) India has 27 public sector banks, 22 private sector banks and 56 regional rural banks.

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