Objective Type Q & A -Public Debt etc

1. Seeking to boost manufacturing sector, Govt. has extended the benefits of the NMP throughout the country wherever industry can organise itself into clusters and adopt a self-regulatory model. What does NMP stand for?

1) National Marketing Policy

2) National Manufacturing Policy

3) National Maintenance Policy

4) National Manufacturing Practice

5) National Manufacturing Promotion

ANSWER:2

2. Which combined military training exercise "Yudh Abhyas 2014" has been conducted in the foothills of Himalayas of

Chaubattia in Uttarakhand from September 17 to 30, under the aegis of Garud Division/ Surya Command?

1) Indo-US

2) USA-USSR

3) Indo-Pak

4) Indo-UAE

5) Indo-Aus

ANSWER:1

3. As per the new rules formed by the Govt. aimed at checking political interference, officers of the three premier services IAS,

IPS and IFS will now spend at least what time in each posting?

1) One year

2) Two years

3) Three years

4) Four years

5) Five years

ANSWER:2

4. In a step towards better management of its borrowings, the central govt. has prepared PDMA Bill. Consider the following

with respect to PDMA:

(A) PDMA is acronym for Public Debt Management Agency.

(B) The proposed agency will be established as a statutory body.

(C) It is expected to take away the borrowing task from the RBI.

Which of the above statements is/ are correct?

1) Only (A)

2) Only (B)

3) Only (C)

4) Only (A) and (B)

5) Only (A) and (C)

ANSWER:5

5. According to the Sixth Economic Census 2013 released on 9 September 2014, the highest percentage of hired workers in

India is present in which State?

1) AP

2) MP

3) Arunachal Pradesh

4) Odisha

5) Assam

ANSWER:3

6. The Union Cabinet approved the creation of India Inclusive Innovation Fund (IIIF) recently. Consider the following in this regard and choose the correct statement(s):

1) The National Innovation Council and the Ministry of Micro, Small and Medium Enterprises (MSME) have jointly created the fund.

2) IIIF seeks to leverage the model of venture capital to transform the lives of the less privileged

in the country.

3) The fund will be registered with the SEBI with an initial corpus of Rs.5,000 cr.

4) All the above

5) Only (1) and (2)

ANSWER:5

7. The central bank of which of the following countries has approved domestic trading in the Chinese Yuan, Japanese Yen,

Australian Dollar as well as Indian Rupee in a move that will effectively make those currencies legal tender in the country?

1) Azerbaijan

2) Mogadishu

3) Zimbabwe

4) Nigeria

5) Bhutan

ANSWER:3

8. In the recently concluded 17th Asian games India won 57 medals. India placed in ........ position

1) 11th

2) 8th

3) 6th

4) 13th

5) 7th

ANSWER:2

9. The high-level committee that was constituted by Supreme Court in January 2014 in its report on 8 September 2014

revealed that most of the deemed universities are unfit for the status. Which is that high-level committee?

1) H Devaraja Committee

2) V Seneghal Committee

3) Tandon Committee

4) Mudgal Committee

5) Sri Krishna Committee

ANSWER:1

10. Which of the following is the first country, Narendra Modi visited as Prime Minister of India?

1) Malaysia

2) Japan

3) USA

4) Bangladesh

5) Bhutan

ANSWER:5

11. In the recently concluded Asian games, with which of the following partner India's Sania Mirza won the gold medal in the

mixed doubles?

1) Horia Tecau

2) Mahesh Bhupathi

3) Saketh Myneni

4) Rohan Bopanna

5) None of these

ANSWER:3

12. President Pranab Mukherjee conferred Ashok Chakra upon K Prasad Babu posthumously on 65th Republic Day. He was a

Sub- Inspector in Greyhounds in the state of...

1) Odisha

2) Jharkhand

3) Bihar

4) West Bengal

5) Andhra Pradesh

ANSWER:5

13. In which of the following states, Wildlife Trust of India (WTI) and Tata Chemicals Limited (TCL) in first week of September

2014 signed a Memorandum of Understanding (MoU) to setup India's first of its kind Coral Garden?

1) Gujarat

2) Odisha

3) Telangana

4) Andhra Pradesh

5) Madhya Pradesh

ANSWER:1

14. Parliament of Iraq on 8 September 2014 approved a new government headed by a person as Prime Minister. Who is that

person to head the government as Prime Minister?

1) Haider-al-abadi

2) Osama − al− Zuferi

3) Abdul Kjader

4) Hoshyar Zubedi

5) None

ANSWER:1

15. McKinsey India Chairman 'Adil Zainulbhai' has been appointed as the Chairman of Quality Council of India (QCI) for a

period of...

1) 5 years

2) 2 years

3) 4 years

4) 3 years

5) 6 years

ANSWER:4

16. World observed "International Day for the preservation of the Ozone Layer 2014" on..

1) September 16

2) September 12

3) September 17

4) September 20

5) September 22

ANSWER:1

17. Central Board of Direct Taxes (CBDT) exempts winners of which of the following awards/ games from paying income tax on

cash or other rewards given by the govt?

1) Ramon Magsaysay award

2) Olympics

3) Commonwealth games

4) All the above

5) None of these

ANSWER:4

18. The Supreme Court has laid down 12 guidelines for authorities in dealing with death-row prisoners recently. Which of the

following is NOT true in this regard?

1) All the required documents/ records should be sent to the Ministry of Home Affairs (MHA) in one stroke.

2) The rejection of mercy plea by the President should be communicated to prisoners in

writing.

3) There should be a gap of 30 days between receipt of communication of rejection of

mercy petition and execution date.

4) The post-mortem of death convicts after their hanging has been made obligatory.

5) None of these

ANSWER:3

19. Kaushik Basu is going to be the second Indian after Amartya Sen to head?

1) Indian Economic Association

2) Indian Civics Association

3) Indian Economic Council

4) Economic association of India

5) None

ANSWER:1

20. The Arvind Mayaram panel is considering redefining overseas inflow. As per the proposal, any individual investment above

10 percent of the paid-up capital in a listed company will be treated as which of the following?

1) Foreign Direct Investment

2) Foreign Portfolio Investment

3) Qualified Foreign Investors

4) Foreign Institutional Investment

5) None

ANSWER:1

21. Which of the following is NOT correct about India's strategic missile Agni-IV?

1) It is a nuclear-capable strategic missile and has a strike range of about 4,000 km

2) The missile cannot be launched from a roadmobile launcher.

3) It has two stages of solid propulsion

4) It has a re-entry heat shield which can withstand temperature of more than 3000 degrees Celsius.

5) It carries state-of-the-art Ring Laser Gyros based high accuracy INS and Micro Navigation System (MINGS).

ANSWER:2

22. Which of the following cricket teams lost its one-day international status recently after it failed to win the final super six

game in New Zealand in the World Cup qualifiers?

1) Kenya

2) Zimbabwe

3) Scotland

4) UAE

5) None of these

ANSWER:1

23. Mission Mangalam, an integrated poverty alleviation and rural woman empowerment initiative of which among the following

states?

1) West Bengal

2) Rajasthan

3) Gujarat

4) Kerala

5) Arunachal Pradesh

ANSWER:3

24. As per currently prevailing norms, 49 percent FDI is allowed under automatic route in private sector banks in India.

However, under the govt route FDI limit is up to...

1) 64%

2) 74%

3) 84%

4) 94%

5) 100%

ANSWER:2

25. The RBI announced to conduct open market operations, aimed to adjust the rupee liquidity conditions in the market by

selling or purchasing which of the following?

1) Govt. securities

2) Public Sector Banks (PSB's) shares

3) Shares of blue chip PSUs

4) Gold

5) None of these

ANSWER:1

26. The Govt. had set up a six-member committee to address concerns of people from the Northeast following outrage over the

death of a 19-year-old student in Delhi from Arunachal Pradesh. The Committee was headed by...

1) P Bharat Singh

2) Tape Bagra

3) Allen Temshi Jamir

4) HWT Syeim

5) MP Bezbaruah

ANSWER:5

27. After the direct benefit transfer project, the Govt. is now planning to usher in a DTH scheme. Which of the following is

correct with respect to this scheme?

1) DTH is the acronym for Direct-To-Home.

2) The scheme has already been initiated in Andhra Pradesh and will now be implemented across the country.

3) All wages, pensions, maternity benefits and subsidy schemes meant for the people will actually be delivered directly to the

family through Micro ATMs and other means.

4) All the above

5) Only (1) and (3)

ANSWER:4

28. Which of the following has been appointed as India's permanent representative to International Renewable Energy

Agency?

1) Anil Nair

2) T.R. Chandrasekhar

3) Kushal Singh

4) Arvind Nair

5) T.P. Seetharam

ANSWER:5

29. Which of the following is/ are correctly matched with respect to bank's classification of their non-performing assets (NPAs)?

(A) Sub-standard asset: an asset which has remained NPA for a period not exceeding 12 months

(B) Doubtful Asset: an asset which has remained NPA for a period exceeding 12 months

(C) Loss asset: an asset which cannot be recovered

1) All the above

2) Only (A)

3) Only (B)

4) Only (C)

5) Only (A) and (B)

ANSWER:1

30. Any tangible assets that an organisation uses to produce goods or services such as office buildings, equipment and

machinery, is termed as which of the following?

1) Fast moving consumer goods

2) White goods

3) Capital goods

4) Brown goods

5) None of these

ANSWER:3

31. In the latest Railway budget, the government has announced the first bullet train in which of the following corridor?

1) Mumbai-Ahmedabad

2) Delhi-Kanpur

3) Delhi-Kolkata

4) Varanasi-Chennai

5) Mumbai - Pune

ANSWER:1

32. Susie Wolff becomes the first woman to take part in a Formula1 racing weekend race in 22 years during the British Grand

Prix. Who was the last woman to enter the F1 world Championship?

1) Christiana Amati

2) Lella Lombardi

3) Susi Headen

4) Giovanna Amati

5) None

ANSWER:4

33. Super Typhoon Neoguri, the strongest typhoon so far in 2014 Western Pacific season smashed which of the following

countries?

1) China

2) Japan

3) Canada

4) USA

5) UAE

ANSWER:2

34. NABARD has sanctioned loans worth over Rs 19,100 cr under RIDF to states for agriculture and allied activities. Expand

RIDF....

1) Rural Industries Development Fund

2) Rural Infrastructure Development Facility

3) Rural Innovation and Development Fund

4) Rural Irrigation Development Fund

5) Rural Infrastructure Development Fund

ANSWER:5

35. The Reserve Bank of India has suggested the use of PKI in payment system application. PKI, enables internet users to

securely and privately exchange data and money, stands for...

1) Public Key Initiative

2) Public Key Information

3) Public Key Interference

4) Public Key Introduction

5) Public Key Infrastructure

ANSWER:5

36. The Sant Kabir award is given for the personalities who have given outstanding contribution in which field among these?

1) Handicrafts and Handlooms

2) Agriculture

3) Cultural Heritage

4) Environmental Studies

5) Peace and Harmony

ANSWER:1

37. Who among the following has been elected as the new president of the Indian Olympic Association (IOA)? India returned to

the Olympic fold after a 14-month suspension following his election:

1) Lalit Bhanot

2) Abhay Singh Chautala

3) Anil Khanna

4) Rajeev Mehta

5) N. Ramachandran

ANSWER:5

38. The "Golden Pen of Freedom Award" is an annual international journalism award given by which organisation?

1) World Association of the News papers

2) UNESCO

3) Times Group

4) SAARC

5) None of these

ANSWER:1

39. The Penguin publications announced to withdraw a book, The Hindus: An Alternative History after some Hindu activists

opposed the book. Who is the author of the book?

1) Sheldon Pollock

2) Sudhir Kakar

3) Rajiv Malhotra

4) Marjorie Garber

5) Wendy Dongier

ANSWER:5

40. Indian Air Force has launched its first 3D mobile game to encourage youths to join the Air Force. What is the name of that

Game?

1) Guardian of the Sky

2) Sky Protectors

3) Protectors & Scrappers

4) Sky Guardians

5) None of these

ANSWER:1