GENERAL AWARENESS
APRIL & MAY
1. In India, the Chit funds are
governed / Regulated by ___?
[A]RBI
[B]Central Government
[C]State Governments
[D]Local Bodies
[A]RBI
[B]Central Government
[C]State Governments
[D]Local Bodies
State Governments
Chit funds in India are governed by the Chit Funds Act, 1982. Under this Act, the chit fund businesses can be registered and regulated only by the respective State Governments. Regulator of chit funds is the Registrar of Chits appointed by respective state governments under Section 61 of Chit Funds Act. Powers of adjudication vest in the Registrar and the state government concerned is the Appellate authority. In case of failure of a chit fund business, the responsibility for winding up such a business also vests with the respective State Governments. Moreover, the Prize chits and money circulation schemes are illegal and are banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Powers of investigation under this Act are vested with the concerned state police authorities.
Chit funds in India are governed by the Chit Funds Act, 1982. Under this Act, the chit fund businesses can be registered and regulated only by the respective State Governments. Regulator of chit funds is the Registrar of Chits appointed by respective state governments under Section 61 of Chit Funds Act. Powers of adjudication vest in the Registrar and the state government concerned is the Appellate authority. In case of failure of a chit fund business, the responsibility for winding up such a business also vests with the respective State Governments. Moreover, the Prize chits and money circulation schemes are illegal and are banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Powers of investigation under this Act are vested with the concerned state police authorities.
2. Which among the following panels have recently recommended the pricing of natural gas by a complex methodology of arriving at an average of international gas hub prices?
[A]B K Chaturvedi Panel
[B]C Rangrajan Panel
[C]Raghuram Rajan
[D]Parliamentary Panel headed by Yashwant Sinha
C Rangrajan Panel
The panel headed by C Rangarajan, Chairman of Prime Minister's Economic Advisory Council, had suggested a complex methodology to replace current gas prices. In first step, weighted average of prices prevailing at US Henry Hub, National Balancing Point of UK and netback wellhead of price of supplies into Japan was to be derived. This was to then be averaged out with actual cost of imported LNG into India. This formula has not found favour with user ministries of power and fertiliser as well as the finance ministry.
The panel headed by C Rangarajan, Chairman of Prime Minister's Economic Advisory Council, had suggested a complex methodology to replace current gas prices. In first step, weighted average of prices prevailing at US Henry Hub, National Balancing Point of UK and netback wellhead of price of supplies into Japan was to be derived. This was to then be averaged out with actual cost of imported LNG into India. This formula has not found favour with user ministries of power and fertiliser as well as the finance ministry.
3. As of April 2013, which among the following carriers has the largest market share in Domestic air passenger traffic ?
[A]IndiGo
[B]SpiceJet
[C]Air India
[D]Jet Airways
IndiGo
On a standalone basis, IndiGo had the largest market share of 27.4 percent, followed by SpiceJet (20.4 percent), Air India's domestic operations (20.2), Jet Airways (17.7 percent), Go Air (8.1 percent) and Jetlite (6.1 percent).
On a standalone basis, IndiGo had the largest market share of 27.4 percent, followed by SpiceJet (20.4 percent), Air India's domestic operations (20.2), Jet Airways (17.7 percent), Go Air (8.1 percent) and Jetlite (6.1 percent).
4. Approximately, what fraction of India's total exports is contributed by the Micro, Small and Medium Enterprises (MSME) sector ?
[A]20%
[B]30%
[C]40%
[D]45%
40%
Micro, Small and Medium Enterprises (MSME) sector contributes about 40 percent in the country's total exports and over 8 percent to India's Gross Domestic Product (GDP).
Micro, Small and Medium Enterprises (MSME) sector contributes about 40 percent in the country's total exports and over 8 percent to India's Gross Domestic Product (GDP).
5. Approximately, how many Foreign Institutional Investors are registered in India as of April 2013?
[A]1100
[B]1300
[C]1700
[D]2200
1700
As on April 26, the number of registered FIIs in the country stood at 1,766 and total number of sub-accounts were 6,372.
As on April 26, the number of registered FIIs in the country stood at 1,766 and total number of sub-accounts were 6,372.
6. Who among the following is heading the Standing Parliamentary Committee on Coal and Steel?
[A]Sharad Yadav
[B]Kalyan Bannerjee
[C]Yashwant Sinha
[D]Susheel Modi
Kalyan Bannerjee
7. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
[A]30 Days
[B]60 Days
[C]75 Days
[D]90 Days
75 Days
As per rules, government has to get all money bills related to the union budget passed within 75 days of the presentation of the budget.
As per rules, government has to get all money bills related to the union budget passed within 75 days of the presentation of the budget.
8. The Chameli Devi Jain Award is given for an outstanding woman ____?
[A]Scientist
[B]Reporter
[C]Player
[D]Teacher
Reporter
Alka Dhupkar, a journalist with Marathi-language TV news channel IBN-Lokmat, has won the prestigious Chameli Devi Jain Award for an outstanding woman media person this year.
Alka Dhupkar, a journalist with Marathi-language TV news channel IBN-Lokmat, has won the prestigious Chameli Devi Jain Award for an outstanding woman media person this year.
9. 100 years ago, the Hindustan Gadar Party was launched in which among the following cities in United States?
[A]Chicago
[B]San Francisco
[C]Oregon City
[D]New York
San Francisco
To mark the centenary of the Gadar movement, the Indian Government is planning to fund the conversion of the Gadar Memorial in San Francisco into a museum and library. The Hindustan Gadar Party, when founded in 1913, begun its operation from 436 Hill Street of the northern Californian city. It came to be known as ‘Yugantar Ashram’ and it was from here that the freedom fighters were active from 1913 to 1917. From this place they published a weekly magazine called Gadar to propagate the cause of Indian independence.
To mark the centenary of the Gadar movement, the Indian Government is planning to fund the conversion of the Gadar Memorial in San Francisco into a museum and library. The Hindustan Gadar Party, when founded in 1913, begun its operation from 436 Hill Street of the northern Californian city. It came to be known as ‘Yugantar Ashram’ and it was from here that the freedom fighters were active from 1913 to 1917. From this place they published a weekly magazine called Gadar to propagate the cause of Indian independence.
10. With reference to China, BeiDou is a ___?
[A]Search Engine
[B]Navigation System
[C]Space Station
[D]Ballistic Missile System
Navigation System
China’s home grown navigation system ‘BeiDou’ will be achieving full-scale global coverage by around 2020. With the aid of a constellation of 35 satellites, the BeiDou navigation system will pose a stiff challenge to America’s Global Positioning System (GPS). China started to build up its own space—based Positioning, Navigation and Timing system in 2000 by launching the first satellite for an experimental version of the BeiDou.
China’s home grown navigation system ‘BeiDou’ will be achieving full-scale global coverage by around 2020. With the aid of a constellation of 35 satellites, the BeiDou navigation system will pose a stiff challenge to America’s Global Positioning System (GPS). China started to build up its own space—based Positioning, Navigation and Timing system in 2000 by launching the first satellite for an experimental version of the BeiDou.
11. With reference to Domestic
Savings in India, the savings come from three sources, viz. households, the
private corporate sector, and the public sector. Which among them holds the
maximum share?
[A]Households
[B]Private Corporate Sector
[C]Public Sector
[D]Private Corporate Sector & Public Sector Combined
[A]Households
[B]Private Corporate Sector
[C]Public Sector
[D]Private Corporate Sector & Public Sector Combined
Households
On average, households accounted for nearly 75% of gross domestic savings during the period 1980-81 to 2011-12. Savings of the private corporate sector accounted for 15 per cent of total savings on an average between 1980-81 and 2011-12. The public sector accounted for 10 per cent of total savings on average between 1980-81 and 2011-12.
On average, households accounted for nearly 75% of gross domestic savings during the period 1980-81 to 2011-12. Savings of the private corporate sector accounted for 15 per cent of total savings on an average between 1980-81 and 2011-12. The public sector accounted for 10 per cent of total savings on average between 1980-81 and 2011-12.
12. The government has recently launched the Modified Special Incentive Package Scheme (M-SIPS) for __:
[A]Electronic System Design and Manufacturing
[B]Micro, Small and Medium Enterprises
[C]Hotel and Tourism Sector Investments
[D]Textile Industry
Electronic System Design and
Manufacturing
M-SIPS is a special incentive package to promote large-scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector.
M-SIPS is a special incentive package to promote large-scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector.
13. The Cabinet Committee on Investment (CCI) has been established to approve the investment projects which are larger than __?
[A]Rs. 500 Crore
[B]Rs. 1000 Crore
[C]Rs. 1500 Crore
[D]Rs. 2000 Crore
Rs. 1000 Crore
14. Which among the following commodities has been in news recently with respect to the controversial proposal to pool prices?
[A]LPG
[B]Coal
[C]Crude Oil
[D]Gasoline
Coal
15. In April 2013, a Bill has been introduced in
the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs
500 crore. What is the current authorised bill of RRBs?
[A]Rs. 5 Crore
[B]Rs. 10 Crore
[C]Rs. 50 Crore
[D]Rs. 100 Crore
[A]Rs. 5 Crore
[B]Rs. 10 Crore
[C]Rs. 50 Crore
[D]Rs. 100 Crore
Rs. 5 Crore
with an aim to strengthen Regional Rural Banks (RRBs), the government in last week of April introduced a Bill in the Lok Sabha to raise their authorised capital by 100 times to Rs 500 crore.
with an aim to strengthen Regional Rural Banks (RRBs), the government in last week of April introduced a Bill in the Lok Sabha to raise their authorised capital by 100 times to Rs 500 crore.
16. Recently, a Mini Indian Rupee
Futures Contract (DINRM) has been launched by a Commodities Exchange at ___:
[A]Singapore
[B]Dubai
[C]London
[D]Hong Kong
[A]Singapore
[B]Dubai
[C]London
[D]Hong Kong
Dubai
The Dubai Gold and Commodities Exchange (DGCX) has launched a Mini Indian Rupee Futures Contract (DINRM). The first of its kind to be introduced in the region and outside of India, the mini contract is one-tenth the size of the existing DGCX Indian Rupee futures contract. The smaller size of the contract will support retail remitters, individual investors and small and medium-sized businesses (SMEs) in cost-effectively managing currency risk exposure to the Indian Rupee.
The Dubai Gold and Commodities Exchange (DGCX) has launched a Mini Indian Rupee Futures Contract (DINRM). The first of its kind to be introduced in the region and outside of India, the mini contract is one-tenth the size of the existing DGCX Indian Rupee futures contract. The smaller size of the contract will support retail remitters, individual investors and small and medium-sized businesses (SMEs) in cost-effectively managing currency risk exposure to the Indian Rupee.
17. Recently, we read in the
newspapers that TCS overtook state-owned ONGC to become the India's most-valued
company on the basis of market capitalization. Which among the following
statements is / are correct with reference to the market capitalization? 1.
Market capitalisation is the product of total number of shares and stock price
2. Market capitalisation changes daily Choose the correct option from the codes
given below:
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
Both 1 & 2
Market capitalisation or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time. This figure changes daily with the change in the stock price.
Market capitalisation or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time. This figure changes daily with the change in the stock price.
18. How many drugs have been listed
in the National List of Essential Medicines (NLEM)?
[A]245
[B]348
[C]423
[D]367
[A]245
[B]348
[C]423
[D]367
348
There are 348 drugs listed under National List of Essential Medicines (NLEM).
There are 348 drugs listed under National List of Essential Medicines (NLEM).
9. At present India is world's
biggest exporter of which among the following commodities?
1. Tea
2. Coffee
3. Sugar
4. Guar gum
Choose the correct option from the codes given below:
[A]Only 1
[B]Only 1 & 3
[C]Only 3 & 4
[D]Only 4
1. Tea
2. Coffee
3. Sugar
4. Guar gum
Choose the correct option from the codes given below:
[A]Only 1
[B]Only 1 & 3
[C]Only 3 & 4
[D]Only 4
Only 4
Guar gum is extracted from guar seed, production of which is expected to be 14 lakh tonne in 2012-13, slightly lower than 17 lakh tonnes in 2011-12. India is the world's biggest exporter of the commodity.
Guar gum is extracted from guar seed, production of which is expected to be 14 lakh tonne in 2012-13, slightly lower than 17 lakh tonnes in 2011-12. India is the world's biggest exporter of the commodity.
10. To make recommendations on the
devolution of taxes, the 14th Finance Commission has been directed to use the
Census figures of __:
[A]1971
[B]1981
[C]1991
[D]2001
[A]1971
[B]1981
[C]1991
[D]2001
1971
Population base will be figures as of 1971 in all cases where population is a factor for determination of devolution of taxes and duties and grants-in-aid; however, the Commission may also take into account the demographic changes that have taken place subsequent to 1971.
Population base will be figures as of 1971 in all cases where population is a factor for determination of devolution of taxes and duties and grants-in-aid; however, the Commission may also take into account the demographic changes that have taken place subsequent to 1971.
Its really helpful for us. Thanku sir
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