Current Affairs Quiz : August -3 For Banking Officers Examinations

1.To whom among the following, a Judge of a High court would tender his / her resignation?
(A)Chief Justice of High Court
(B)Chief Justice of Supreme Court
(C)Governor of the state in question
(D)President of India

2.Which among the following is the correct definition of a Flea Market ?
(A)A flea Market is another name for a near perfect competitive market such as a vegetable market
(B)A Flea Market is a market where stolen goods are sold and purchased
(C)A Flea market is a market where used and old goods are sold and bartered
(D)A Flea Market is a market for insecticides

3.The following picture shows three frames of animation from George W. Bush to Arnold Schwarzenegger.

The technique used producing animation in which one image changes into another is called?
(A)Lifecasting
(B)Miniature effect
(C)Morphing
(D)Digital compositing

4.Around which of the following planets a mega ring was discovered recently?
(A)Mars
(B)Saturn
(C)Jupiter
(D)Uranus

5.As of march 2010, Reserve bank of India held 557.75 tons of Gold. This amount of gold makes what fraction of Total Foreign Exchange Reserves of India?
(A)3%
(B)6%
(C)9%
(D)12%

6.We known that since 1991, India’s Foreign Exchange reserves have grown significantly. In recent years India has been successful in accumulate large foreign exchange reserves which are now a days considered an important parameter in gauging the ability to absorb external shocks. In
this context, in which of the following financial years, India’s foreign exchange reserves decreased for entire year rather than increasing?
(A)March 2006-March 2007
(B)March 2007-March 2008
(C)March 2008-March 2009
(D)March 2009-March 2010

7.consider the following statements:
1. Foreign Currency Assets are maintained only by RBI
2. Foreign Currency Assets are maintained only in US Dollars
Which among the above statement is / are correct?
(A)1 only
(B)2 only
(C)Both 1 & 2
(D)neither 1 nor 2

8.Who among the following was the Chairman of the Committee on Fuller Capital Account Convertibility (July 2006)?
(A)SS Tarapore
(B)Abid Hussain
(C)Usha Thorat
(D)C Rangarajan

9.How often the RBI releases Reserve Bank of India’s Reference Rate for the US dollar?
(A)Daily
(B)weekly
(C)Biweekly
(D)Monthly

10.In which of the following years, India was appointed by the International Monetary Fund, as a creditor under its Financial Transaction Plan (FTP)?
(A)2001
(B)2002
(C)2003
(D)2004

11.The Foreign exchange reserves are viewed as a market stabilizing force in an uncertain International economic environment. Keeping this in view, which among the following approach is warranted in management of Market Risk by the Reserve Bank of India?
(A)Currency Risk
(B)Interest Rate Risk
(C)Liquidity Risk
(D)Operational Risk

12.”Department of External Investments and Operations” falls within the ambit of which of the following?
(A)Reserve Bank of India
(B)Ministry of External Affairs
(C)Ministry of Commerce & Industry
(D)Ministry of Finance

13.Which among the following is an Information Security Management System (ISMS) standard ?
(A)ISO 9201
(B)ISO 27001
(C)ISO 14001
(D)ISO 9000

14.68 Central banks across the world have adopted the Special Data Dissemination Standards and India’s RBI is one of them. What kind of data is to be published under the Special Data Dissemination Standards?
(A)Liabilities and Assets Data
(B)Quarterly Banking Data
(C)Foreign Exchange Reserves Data
(D)Payment and settlement Systems Data

15.Gopal Das is the CMD of which of the following PSUs ?
(A)MTNL
(B)BSNL
(C)SAIL
(D)BHEL

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