CURRENT AFFAIRS 2011 PART-9

1. As per the target for the 11th Five Year Plan, educated unemployment is to be reduced to

which of the following levels?

(1) 9%

(2) 6%

(3) 7%

(4) 8%

(5) 5%

2. Which of the following Acts was framed specially to deal more effectively with the problem

of Non-Performing Assets in banking system?

(1) Companies Act

(2) Banking Regulation Act

(3) Foreign Exchange Management Act

(4) Industrial Dispute Act

(5) SARFAESI Act

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3. Very often we read in newspapers/magazines about ‘Sovereign Wealth Funds’. Which of the

following is/ are the correct description of the same?

(A) These are the funds or the reserves of a government or central bank of a country which are

invested further to earn profitable returns.

(B) These are the funds which were accumulated by some people over the years but were not put

in active circulation as they retain them as black money for several years.

(C) The funds which are created to be used as relief funds or bailout packages.

(1) Both (B) and (C) only

(2) Only (B)

(3) Only(C)

(4) Only (A)

(5) None of these

4. Credit Rating

(1) is used to rate the borrowers while giving advances.

(2) is used to work out performance of the employees.

(3) is used to calculate the number of excellent auditrated branches.

(4) is not used in any bank.

(5) is necessary before giving promotion to employees.

5. The names of which of the following rates/ratios cannot be seen in financial newspapers?

(1) Bank Rate

(2) Repo Rate

(3) Statutory Liquidity Ratio

(4) Cash Reserve Ratio

(5) Pulse Rate

6. Invisible Export means export of

(1) Perishable goods

(2) Prohibited goods

(3) Unrecorded goods

(4) Goods through smuggling

(5) Services

7. Ten-rupee notes contain the signature of

(1) Finance Secretary, GOI

(2) Chairman, State Bank of India

(3) Governor, Reserve Bank of India

(4) Finance Minister, GOI

(5) Prime Minister

8. In Banking terminology, NPA means

(1) No-Promise Account

(2) Non-Personal Account

(3) Non-Performing Asset

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(4) Net Performing Asset

(5) New Promising Ambience

9. Who is the present RBI Governor?

(1) Dr Y V Reddy

(2) Dr Ravi Mohan

(3) Dr Smt Usha Thorat

(4) Shri M V Nair

(5) Dr D Subbarao

10. The wheat based nutrition programme is being implemented by which of the following

ministries/departments of the Govt. of India?

(1) Ministry of Labour Welfare

(2) Department of Women and Child Development

(3) Department of Consumer Affairs

(4) Ministry of Agriculture

(5) Ministry of Planning

Answers

1.(5)

2.(5)

3.(4)

4.(1)

5.(5)

6.(5)

7.(3)

8.(3)

9.(5)

10.(2)