Current Affairs : December quiz 2015 (Multiple choice questions) - 15

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Arvind Subramanian

Ques. : 1 The United Nations (UN) annually observes the International Volunteer Day for Economic and Social Development on
1) 1 Dec
2) 2 Dec
3) 3 Dec
4) 4 Dec
5) 5 Dec
Answer:- 5) 5 Dec

Ques. : 2 The 44th Navy Day was observed recently on which day? It commemorates the start of Operation Trident during the India-Pakistan War of 1971.
1) 2 Dec
2) 4 Dec
3) 5 Dec
4) 6 Dec
5) 7 Dec
Answer:- 2) 4 Dec

Ques. : 3 The committee on the goods and services tax (GST) has recommended a revenue neutral rate range of 17-18 per cent for the proposed GST. The committee was headed by Chief Economic Advisor
1) Arvind Subramanian
2) Arvind Mayaram
3) Rajiv Mehrishi
4) Arvind Panagariya
5) None of these
Answer:- 1) Arvind Subramanian

Ques. : 4 Who among the following is the current Union Minister of Environment, Forests and Climate Change?
1) Venkaiah Naidu
2) Nirmala Sitharaman
3) Ravi Shankar Prasad
4) Piyush Goyal
5) Prakash Javadekar
Answer:- 5) Prakash Javadekar

Ques. : 5 The RBI revised priority sector lending (PSL) for Regional Rural Banks (RRBs) recently. Now, what per cent of RRBs’ outstanding advances should be for PSL?
1) 25 per cent
2) 40 per cent
3) 50 per cent
4) 70 per cent
5) 75 per cent
Answer:- 5) 75 per cent

Ques. : 6 Which of the following is NOT an associated bank of the State Bank of India (SBI) at present?
1) State Bank of Bikaner & Jaipur
2) State Bank of Hyderabad
3) State Bank of Mysore
4) State Bank of Patiala
5) None of these
Answer:- 5) None of these

Ques. : 7 Ashwani Kumar is the present CMD of which of the following public sector banks? The bank is likely to issue 65 cr shares to bring down govt’s stake to 52 per cent.
1) Canara Bank
2) Punjab National Bank
3) Corporation Bank
4) Bank of India
5) Dena Bank
Answer:- 5) Dena Bank

Ques. : 8 Chinese President Xi Jinping announced what amount of assistance and loans for Africa at a summit in Johannesburg recently?
1) $20-bn
2) $40-bn
3) $50-bn
4) $60-bn
5) $80-bn
Answer:- 4) $60-bn

Ques. : 9 A general decline in prices, often caused by a reduction in the supply of money or credit is termed as
1) inflation
2) deflation
3) recession
4) stagflation
5) retardation
Answer:- 2) deflation

Ques. : 10 In a landmark change, the central govt is set to begin direct transfer of cash into farmers’ accounts, instead of physical procurement of ________ from wholesale markets.
1) pulse
2) wheat
3) cotton
4) maize
5) paddy
Answer:- 3) cotton