Wednesday, 1 March 2017

QUIZ-1



Q1. India has signed an agreement with Japan on enhancing railway safety in the Indian Railways with focus on the railway track and rolling stock safety. Who is the present chairman of Railway Board?
(a) AK Mittal
(b) Bharti Pradhan
(c) Arunendra Kumar
(d) JS Reddy
(e) Suresh Prabhu

Q2. The Central Board of Excise and Customs (CBEC) has celebrated the Central Excise Day across the country on-
(a) 23rd February
(b) 24th February
(c) 25th February
(d) 26th February
(e) 27th February

Q3. Global payments network Visa has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to help transform ____________ into India's first 'less cash' city.
(a) Machilipatnam
(b) Nellore
(c) Vishakhapatnam
(d) Guntur
(e) Kakinada

Q4. Name the Nobel-winning economist, mathematician, who has passed away in the USA recently?
(a) Jan Tinbergen
(b) Paul Samuelson
(c) Ragnar Frisch
(d) Kenneth J Arrow
(e) None of the given options is true

Q5. Which among the following countries has became Germany’s most important trading partner in 2016, overtaking the United States?
(a) France
(b) Russia
(c) India
(d) Japan
(e) China

Q6. Which among the following public sector bank has signed a corporate agency agreement with Chennai-based general insurance provider Cholamandalam General Insurance Company for distribution of insurance products?
(a) Central Bank of India (CBI)
(b) Indian Overseas Bank (IOB)
(c) Punjab National Bank (PNB)
(d) State Bank of India (SBI)
(e) Oriental Bank of Commerce (OBC)

Q7. An Rs 17,000 crore deal has been cleared by the Indian government for jointly developing with _________ a medium-range surface-to-air missile (MR-SAM) for the Indian Army. 
(a) Canada
(b) South Africa
(c) Germany
(d) Israel
(e) Brazil

Q8. India and Germany have ratified the SSA, which will come into force from 01st May 2017, to help promote more investment flows between the two countries. SSA stands for-
(a) Social Security Association
(b) Social Security Agency
(c) Social Security Agreement
(d) Social Security Assistance
(e) Social Security Assembly

Q9. Name the State, which has became the second largest crude oil producer in the country after the offshore field Bombay High.
(a) Punjab
(b) Rajasthan
(c) Uttar Pradesh
(d) Gujarat
(e) Kerala

Q10. Which among the following bank has introduced Radio Frequency Identification Card (RFID) enabled banking cards, recently?
(a) Dena Bank
(b) Uco Bank
(c) Syndicate Bank
(d) Canara Bank
(e) Indian Bank

Q11. United Bank of India (UBI) has launched a railway ticket booking facility by having a direct tie-up IRCTC. United Bank of India (UBI) based in-
(a) Kolkata
(b) Gurugram
(c) Manipal
(d) Pune
(e) Mumbai

Q12. Name the Bollywood actress, who has been roped as brand ambassador for Indian government's cleanliness initiative Swachh Bharat Mission, recently?
(a) Kiara Advani
(b) Shilpa Shetty
(c) Alia Bhatt
(d) Kriti Sanon
(e) Sonakshi Sinha

Q13. India and Bangladesh have signed a Memorandum of Understanding (MoU) for the sustainable development of ------------- with financial aid from India.
(a) Khulna
(b) Chittagong
(c) Sylhet city
(d) Dhaka
(e) Rangpur City

Q14. Which among the following international organisation has signed USD 375 million pact for loans and grants to develop 800 km Visakhapatnam—Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor?
(a) Asian Infrastructure Investment Bank (AIIB) 
(b) International Monetary Fund (IMF)
(c) New Development Bank (NDB
(d) Asian Development Bank (ADB)
(e) World Bank

Q15. FDI in India has grown 18% during 2016 to touch $46 billion, data released by the Department of Industrial Policy and Promotion (DIPP). What is the meaning of "I" in FDI?
(a) Indian
(b) Installment
(c) International
(d) Infrastructure
(e) Investment

Solutions

S1. Ans.(a)
Sol. India has signed an agreement with Japan on enhancing railway safety in the Indian Railways with focus on railway track and rolling stock safety. The Memorandum of Cooperation was signed between Railway Board Chairman A.K.Mittal and Ministry of Land, Infrastructure, Transport and Tourism of Japan Vice-Minister Hiroshi Tabata.

S2. Ans.(b)
Sol. The Central Board of Excise and Customs (CBEC) has celebrated 74th Central Excise Day on 24th February 2017 in New Delhi. CBEC is the single largest contributor to the national exchequer with the collection of Rs 8,50,000 crore a year.

S3. Ans.(c)
Sol. Global payments network Visa has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to help transform Vishakhapatnam into India's first 'less cash' city. This initiative is designed to provide the foundation for the city to emerge as India's 'Fintech Valley'.

S4. Ans.(d)
Sol. Nobel-winning economist, mathematician Kenneth J Arrow has passed away in USA. He was 95. Kenneth J. Arrow. Kenneth  received the Nobel memorial prize in economic science for their pioneering mathematical work on general equilibrium theory in 1972.

S5. Ans.(e)
Sol. China for the first time became Germany’s most important trading partner in 2016, overtaking the United States. The USA fell back to third place behind France in the data shown recently. German imports from and exports to China rose to 170 billion euros ($180 billion) in 2016, Federal Statistics Office figures reviewed by Reuters showed.

S6. Ans.(e)
Sol. Haryana based Oriental Bank of Commerce has signed an corporate agency agreement with Chennai based general insurance provider Cholamandalam General Insurance Company for distribution of insurance products. The insurance products includes motor, health, home and travel.

S7. Ans.(d)
Sol. A Rs 17,000 crore deal has been cleared by the Indian government for jointly developing with Israel a medium-range surface-to-air missile (MR-SAM) for the Indian Army. The project will be implemented by the Defense Research and Development Organisation (DRDO) and Israeli Aircraft Industry (IAI).

S8. Ans.(c)
Sol. India and Germany have ratified the Social Security Agreement (SSA), which will come into force from 01st May 2017, to help promote more investment flows between the two countries. The SSA will also integrate the provisions of the 2008 social insurance pact that exempts detached workers of the two country from making social security contributions in either countries so long as they were making such contributions in their respective countries.

S9. Ans.(b)
Sol. Rajasthan has become the second largest crude oil producer in the country after the offshore field Bombay High, Governor Kalyan Singh said in the Assembly by highlighting the achievements of the state government. Mr. Singh has stated that oilfields in the state were producing nearly 90 lakh tones oil annually, which is 24% of the total domestic crude oil production.

S10. Ans.(a)
Sol. Dena Bank has introduced Radio Frequency Identification Card, (RFID) enabled banking cards. With the help of this card a branch/relationship manager can identify a valued client entering a branch with the card. Once the client enters the branch, complete information about the customers will pop up on the manager’s desktop.

S11. Ans.(a)
Sol. Kolkata-based United Bank of India (UBI) has launched a railway ticket booking facility by having a direct tie-up IRCTC. Post the introduction of this facility, UBI customers can now book railway tickets seamlessly through IRCTC website using the bank’s debit card.

S12. Ans.(b)
Sol. The government has roped in actress Shilpa Shetty as a brand ambassador for the Indian government cleanliness initiative 'Swachh Bharat Mission'. She will feature in TV and radio campaigns aimed at discouraging people from littering on roads. Soon, campaign posters featuring her will be displayed at various places across the country. 

S13. Ans.(c)
Sol. India and Bangladesh has signed a Memorandum of Understanding (MoU) for the sustainable development of Sylhet city with financial aid from India. Indian High Commissioner Harsh Vardhan Shringla and Sylhet City Corporation CEO Enamul Habib signed the tripartite agreement in Sylhet, a metropolitan city in northeastern Bangladesh. 

S14. Ans.(d)
Sol. India and Asian Development Bank (ADB) have signed USD 375 million pact for loans and grants to develop 800 km Visakhapatnam—Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor. ADB had last September 2016 has approved USD 631 million in loans and grants for the industrial corridor.

S15. Ans.(e)
Sol. Foreign direct investment (FDI) in India has grew 18% during 2016 to touch $46 billion, data released by the Department of Industrial Policy and Promotion (DIPP). The country attracted FDI of $39.32 billion in 2015. The main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile. Bulk of the FDI came in from Singapore, Mauritius, the Netherlands and Japan.

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