We posted 7 questions in 10 PM Daily Quiz on 21st May, 2016. Thanks for the amazing response. These questions will help you polish concepts based on current affairs. In case you have not attempted them, please attempt them by clicking below.
Q.1) Which of the following is true about NPA?
- A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 60 days.
- For short duration crop if the loan (installment / interest) is not paid for one crop seasons , it would be termed as a NPA.
Select the correct statements from the codes given below
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer d
Explanation:-
A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.
For short duration crop if the loan (installment / interest) is not paid for 2 crop seasons , it would be termed as a NPA.
Q.2) Which of the following is true about Bank Board Bureau?
- The bureau will recommend for selection the heads of public sector banks and financial institutions.
- It will help banks in developing strategies and capital raising plans.
- It will advise them on how to go ahead with mergers and acquisitions.
Select the correct statements from the codes given below
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All of the above
Answer d
Explanation:-
With a view to improve the governance of public sector banks, the government had decided to set up an autonomous Bank Board Bureau. The bureau will recommend for selection the heads of public sector banks and financial institutions and help banks in developing strategies and capital raising plans and how to go ahead with mergers and acquisitions.
Q.3) Consider the statements:
- Sagar Mala project is a strategic and customer oriented initiative of the Government of India to modernize India’s Ports so that port development can be augmented and coastlines can be developed to contribute in India’s growth
- In collaboration with Bangladesh, Myanmar and Thailand India is building waterways and ports.
Select the correct statement/s using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct
Answer a
Explanation:- Sagar Mala project is a strategic and customer oriented initiative of the Government of India to modernize India’s Ports so that port development can be augmented and coastlines can be developed to contribute in India’s growth. In collaboration with Bangladesh and Myanmar, India is building waterways and ports.
Q.4) Consider the statement regarding BRICS:
- All BRICS members are G 20 members.
- The BRIC grouping first formal summit, held in Brazil.
- India will be the BRICS 2016 8th summit host. Summit will commence in october in Goa.
- “Building responsive, inclusive and collective solutions for the grouping” will be the core theme of the summit and external ministry announced logo and a website of the summit.
Select the correct statements using the codes given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1, 2 and 3 only
d) 1, 3 and 4 only
Answer d
Explanation
The BRIC grouping first formal summit, held in Russia.
Q.5) Consider the following statements regarding ‘Global Environmental Outlook (GEO-6): Regional Assessments’
- It said that the worst impacts of climate change are projected to occur in the Atlantic and South and South-East Asia.
- India tops the chart with nearly 40 million people in the country projected to be at risk from rising sea levels.
Select the correct statement/s using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct
Answer b
Explanation:– It said that the the worst impacts of climate change are projected to occur in the Pacific and South and South-East Asia.India tops the chart with nearly 40 million people in the country projected to be at risk from rising sea levels, followed by more than 25 million in Bangladesh, over 20 million in China and nearly 15 million in the Philippines.
Q.6) Salma Dam, which is built by India is located in
a) Nepal
b) Sri Lanka
c) Afghanistan
d) Iran
Answer-c
Q.7) India is negotiating the Logistics Exchange Memorandum of Agreement with which of the following country?
a) Israel
b) UK
c) France
d) USA
Answer-d
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