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FORTNIGHTLY CURRENT GK TEST TEST - 1 TEST - 2 ARCHIVES

Q1. The Repo rate w.e.f. January 2, 2009 stands at –

1. 5.5% (Correct) 2. 5.0% (Incorrect)

3. 4.5% (Incorrect) 4. 4.0% (Incorrect)

Q2. As per RBI released data; India’s foreign exchange reserves on January 2, 2009 stands at –

1. $247.68 billion (Incorrect) 2. $254.64 billion (Incorrect)

3. $255.24 billion (Correct) 4. $258.34 billion (Incorrect)

Q3. In Forbes’ list “Billionaire Blowup of 2008”, which of the following has been identified as the biggest loser of 2008 in the world ?

1. Bill Gates (Incorrect) 2. Anil Ambani (Correct)

3. Laxmi Mittal (Incorrect) 4. Mukesh Ambani (Incorrect)

Q4. During the second quarter of 2008-09, i.e., July-September 2008, India’s current account deficit stood at –

1. $4.297 billion (Incorrect) 2. $6.297 billion (Incorrect)

3. $9.538 billion (Incorrect) 4. $12.538 billion (Correct)

Q5. In Rashtriya Madhyamik Shiksha Abhiyan (RMSA) Scheme, government ahs targeted to ensure universal access to secondary level education by the year –

1. 2012 (Incorrect) 2. 2015 (Incorrect)

3. 2017 (Correct) 4. 2020 (Incorrect)

Q6. At the end of September 2008, India’s foreign debt stood at $ 222.61 billion in which share of long term debt and short term debt stands at –

1. 80 : 20 (Incorrect) 2. 20 : 80 (Incorrect)

3. 77.5 : 22.5 (Correct) 4. 22.5 : 77.5 (Incorrect)

Q7. On January 2, 2009 RBI has announced a cut CRR, Repo Rate and Reverse Repo. As per this declaration which of the following stands at the lowest ?

1. Bank Rate (Incorrect) 2. Cash Reserve Ratio (Incorrect)

3. Repo Rate (Incorrect) 4. Reverse Repo Rate (Correct)

Q8. In mid-term Economic Survey 2008-09 which was presented in Parliament on December 23, 2008, the projected growth rate of the economy for the year 2008-09 stands at –

1. 6.5%   (Incorrect) 2. 6.75% (Incorrect)

3. 7.0%. (Correct) 4. 7.5% (Incorrect)

Q9. CCEA (Cabinet Committee on Economic Affairs) has decided to allow ‘Navratna’ and ‘Mini Ratna’ companies to invest in mutual funds upto …… per cent of their cash balances.

1. 25% (Incorrect) 2. 30% (Correct)

3. 40% (Incorrect) 4. 50% (Incorrect)

Q10. Govt. has decided to provide interest subsidy on housing loan upto Rs. one lakh to the urban poor during 11th five year plan. The granted interest subsidy is of –

1. 5% (Correct) 2. 7.5% (Incorrect)

3. 10% (Incorrect) 4. 12.5% (Incorrect)

Q11. SAARC University will have its head office in –

1. Dhaka (Bangladesh) (Incorrect) 2. New Delhi (India) (Correct)

3. Colombo (Sri Lanka) (Incorrect) 4. Male (Maldives) (Incorrect)

Q12. As per the latest data released by Internet Governance Forum (IGE), India stands at …. place in the listof largest internet users in the world.

1. Second (Incorrect) 2. Fourth (Correct)

3. Sixth (Incorrect) 4. Tenth (Incorrect)

Q13. The rate at which banks lend to RBI is known as –

1. Bank Rate (Incorrect) 2. Repo Rate (Incorrect)

3. Reverse Repo Rate (Correct) 4. Interest Rate (Incorrect)

Q14. In its fiscal stimulus package to minimize the impact of depression on the economy, the government has reduced CENVAT rate from 14% to –

1. 12% (Incorrect) 2. 10% (Correct)

3. 8% (Incorrect) 4. No change (Incorrect)

Q15. The new Chairman of PHD Chamber of Commerce and Industries (PHDCCI) is –

1. R. Sridharan (Incorrect) 2. Ashok Kajaria (Incorrect)

3. Satish Bagrodia (Incorrect) 4. V. Leeladhar (Correct)

Q16. Pradhanmantri Bharat Jodo Pariyojana is related to –

1. Communication (Incorrect) 2. Social Integration (Incorrect)

3. Linking of Rivers (Incorrect) 4. Development of Highways (Correct)

Q17. Aam Admi Bima Yojana provides social security to –

1. All labours in rural areas (Incorrect) 2. All landless labours living below poverty line in rural areas (Correct)

3. All labours in urban areas (Incorrect) 4. All labours in both rural as well as urban areas (Incorrect)

Q18. The basis of determining dearness allowance to employees in India is –

1. National Income (Incorrect) 2. Consumer Price Index (Correct)

3. Standard of Living (Incorrect) 4. Per Capita Income (Incorrect)

Q19. The newly elected Chairman of FIEO (Federation of Indian Export Organisation) is –

1. S. K. Sarraf (Incorrect) 2. A. Sakthivel (Correct)

3. Aditya Puri (Incorrect) 4. N. Baghul (Incorrect)

Q20. BCCI is –

1. An International Terrorist Organisation (Incorrect) 2. An International Industrial Organisation (Incorrect)

3. A Movement for International Peace (Incorrect) 4. An International Banking Organisation (Correct)

Q21. The objective of ‘Sangam Yojana’ is –

1. To make Ganga water pollution free (Incorrect) 2. To make Sangam region of Allahabad more attractive for tourists (Incorrect)

3. To ensure welfare of handicapped     (Correct) 4. To unite various groups of Hindus (Incorrect)

Q22. The process of budget making after re-evaluating every item of expenditure in every financial year is known as –

1. Performance Budgeting (Incorrect) 2. Deficit Budgeting (Incorrect)

3. Zero Based budgeting (Correct) 4. Fresh Budgeting (Incorrect)

Q23. Project ‘Sankalp’ is associated with the elimination of –

1. Illiteracy (Incorrect) 2. Polio (Incorrect)

3. Unemployment (Incorrect) 4. AIDS/HIV (Correct)

Q24. I‘Focus Product’ and ‘Focus Market’ are the two schemes introduced related to –

1. Industrial Diversification (Incorrect) 2. Technology Upgradation (Incorrect)

3. Export Promotion (Correct) 4. Control of Inflation (Incorrect)

Q25. Who was the Chairman of the Working Group of Planning Commission which suggested the shifting of base year of Wholesale price Index from 1993-94 to 1999-2000 ?

1. Dr. C. Rangarajan (Incorrect) 2. Prof. Abhijit Sen (Correct)

3. Prof. A.R. Khusro (Incorrect) 4. Prof. Janakiraman (Incorrect)

Q26. CONCORD of 8 states of Northern region is a scheme of –

1. FICCI (Incorrect) 2. ASSOCHAM (Incorrect)

3. CII (Correct) 4. A Joint scheme of all the above (Incorrect)

Q27. The weight of mining sector in Industrial production index is –

1. 10.169% (Correct) 2. 22.42% (Incorrect)

3. 11.46% (Incorrect) 4. 44.44% (Incorrect)

Q28. The Oil Refinery established at Panipat belongs to –

1. Public Sector (Correct) 2. Private Sector (Incorrect)

3. Joint Sector (Incorrect) 4. Cooperative Sector (Incorrect)

Q29. The new Share Price Index (in dollar value) of Mumbai Share Market is –

1. Dolex (Correct) 2. Urex (Incorrect)

3. Forex (Incorrect) 4. Sensex (Incorrect)

Q30. Index ‘Residex’ is associated with –

1. Share Prices (Incorrect) 2. Mutual Fund Prices (Incorrect)

3. Price Inflation Index (Incorrect) 4. Land Prices (Correct)

Q31. Delimitation Commission has made a recommendation that next Census should be Panchayat-wise. When is the next Census due ?

1. 2010 (Incorrect) 2. 2011 (Correct)

3. 2012 (Incorrect) 4. 2013 (Incorrect)

5. 2015 (Incorrect)

Q32. What was the staple food of the Indus people ?

1. Wheat and Barley (Correct) 2. Alcoholic drinks (Incorrect)

3. Junk Food (Incorrect) 4. Soft drinks with chemical preservatives (Incorrect)

5 None of these (Incorrect)

Q33. Which of the following countries has allocated a huge amount of US $10 billion to provide relief to its earthquake victims ?

1. Japan (Incorrect) 2. South Korea (Incorrect)

3. China (Correct) 4. South Africa (Incorrect)

5 None of these (Incorrect)

Q34. India and Nepal have many agreements on sharing of the water of various rivers. Which of the following rivers is not covered under these agreements ?

1. Kosi (Incorrect) 2. Gandak (Incorrect)

3. Ganga (Correct) 4. South Africa (Incorrect)

5 All these rivers are covered (Incorrect)

Q35. Which of the following names is not closely associated with space programme of India or any other country ?

1. CARTOSAT (Incorrect) 2. NLS -5 (Incorrect)

3. RUBIN-8 (Incorrect) 4. GSLV (Incorrect)

5 SCOPE (Correct)

Q36. Vijay Hazare Trophy is associated with the game of –

1. Hockey (Incorrect) 2. Cricket (Correct)

3. Badminton (Incorrect) 4. Football (Incorrect)

3. Golf (Incorrect)

Q37. Which of the following was the theme of the Olympic Torch ?

1. Journey of Harmony      (Correct) 2. Green World Clean World (Incorrect)

3. Journey of Peace (Incorrect) 4. Journey for Hunger-free World (Incorrect)

5. None of these (Incorrect)

Q38. Which of the following schemes is not a social development Scheme ?

1. Indira Awas Yojana (Incorrect) 2. Mid Day Meal (Incorrect)

3. Bharat Nirman Yojana (Correct) 4. Sarva Shiksha Abhiayan (Incorrect)

5. All are social schemes (Incorrect)

Q39. Which of the following is not a member of the ASEAN ?

1. Malaysia (Incorrect) 2. Indonesia (Incorrect)

3. Vietnam (Incorrect) 4. Britain (Correct)

5. Singapore (Incorrect)

Q40. Which of the following Awards are given for excellence in the field of Sports ?

1. Kalinga Prize (Incorrect) 2. Shanti Swarup Bhatnagar Award (Incorrect)

3. Arjun Award (Correct) 4. Pulitzer Award (Incorrect)

5. None of these (Incorrect)



Correct : 1 Incorrect : 1 Unattempted : 1

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