f 9 objective questions current affairs - 10x10...

F 9 Objective Questions Current Affairs 2016

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649. Demonetisation of 8th November 2016 impacted not only the markets in

India but also the trade and commerce in Bhutan, Nepal, and

Bangladesh.

650. Which of the following is NOT a characteristic of ‘financial markets’:

a) Liquidity: as they provide holders of assets with a chance to

liquidate the assets.

b) Risk sharing: as they allow a transfer of risk from those who

undertake investments to those who provide the funds.

c) Efficiency : as they reduce transaction costs and information costs

d) They provide short term debt financing and investments.

651. Which of the following is correct in respect of ‘money markets’:

a) Money market refers to the market where borrowers and lenders

exchange short term funds to solve their liquidity needs.

b) Money markets provide short term debt financing and investment.

c) Money market instruments are generally financial claims that have

low default risk, maturities under one year and high marketability.

d) All the above

652. Bharat Interface for Mobile , which is an application common across

all banks and financial institutions, is called :

a) UPI

b) USSD



c) BHIM

d) DIGIDHAN

653. The sitting President of which of the following countries was impeached

in 2016:

a) South Korea

b) Philippines

c) Peru

d) Chile

654. With which of the following countries has India amended the double

taxation avoidance agreement( DTAA), on taxing of capital gains on

investments :

a) Singapore

b) Cyprus

c) Mauritius

d) All the three above

655. Which of the following Long Range Ballistic Missile can hit targets at

over 5,000 km covering all of China:

a) Agni V

b) Agni III

c) Agni II

d) Agni I

656. On the matter of allocation of party symbol which of the following is

correct:

a) The decision of the Election Commission on the matter is binding

b) The decision in (a) is not binding

c) The aggrieved party may decide not to accept the decision

d) None of the above

657. Which of the following is / are correct?

a) The Congress Party split in 1968

b) AIADMK split in 1988

c) Samajwadi Party split in 2016-17

d) All the above are correct



658. From 1st January 2017 London, over 12000 km away from China

became the 15th

city in Europe to be added to the China European

freight train services. The freight train will take 18 days to reach

London, and will pass through Kazakhstan, Russia, Belarus, Poland

Germany Belgium and France.

659.

660. Which of the following countries has the highest ratio of population

living in Urban agglomerations ( having population of one million or

more):

a) Japan

b) United States of America

c) Brazil

d) Egypt



661. RuPay cards along with UPI, AEPS and USSD payments and QR-code

based payment mechanisms have gained ground, due to Government

incentives for adopting online payments

662. The total number of States Legislative Assembly elections in February

and March 2017 is :

a) 5 ( Goa, Punjab, Manipur, Uttar Khand, Uttar Pradesh )

b) 4

c) 6

d) 3

663. Soft Bank Vision Fund, the new $100-billion technology-focussed

primary fund, and the largest pool of private capital investment in India

will now be the primary investment vehicle for investors from which of

the following countries:



a) Japan

b) European Union

c) United States of America

d) United Kingdom

664. Which of the following is part of the “technologies of the

future“

a) Internet of things,

b) artificial intelligence and robotics

c) machine learning,

d) satellites

e) All the above.

665. The Governor of the Reserve Bank of India is appointed by

a) The President of India

b) The Prime Minister of India

c) The Banks Control Board

d) Ministry of Finance

666. As in November and December 2016 the number of ATMs across

India were

a) 2.02 lakh

b) 2.20 lakh

c) 22 lakh

d) 2.04 lakh

667. Money supply status in January 2017



668. Rise in VAT collection

669. RuPay, a Debit Card, issued by all Public Sector Banks, has been

launched by :

a) The National Payment Corporation of India (NPCI)

b) The Reserve Bank of India (RBI)

c) The National Pensions and Insurance Authority of India (NPIA)

d) The National Banking Board of India

670. The Chief Guest at the Republic Day Parade, 2017 will be:

a) Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al

Nahyan.

b) President of Brazil

c) President of South Africa

d) Prime Minister of Japan

671. Carnegie Endowment for International Peace that has recommended

putting in place a formal doctrine or emergency plan and developing

standard operating procedures to facilitate evacuation of expatriates

from conflict zones is :

a) A global think tank

b) A special unit of the United Nations

c) An independent international organisation



d) A body under the World Bank

672. Evacuation of expatriates from conflict zones involves an emergency

plan and standard operating procedures plus preparatory work as

follows:

673. Atal Pension Yojana (APY) is managed by Pension Fund Regulatory

and Development Authority (PFRDA), which has suggested extending

capital gains regime applicable to mutual funds to National Pension

System Tier II accounts. The pension regulator has also demanded the

EEE-status (Exempt, Exempt, Exempt) for NPS on the lines of EPF and

the Public Provident Fund (PPF), where maturity amount is not taxed at

withdrawal either.



674. According the United Nations' International Migration Report, 16

million people born in India now live elsewhere. The World Bank

estimated that remittance flow to India in 2015 was $72 billion.

675. The Global Trends Report is prepared once every four years, by

a) The US National Intelligence Council

b) The United Nations

c) The World Bank

d) International Monetary Fund

676. In the next twenty years, major trends expected to shape the world

include:

a) a more interconnected world will increase differences over ideas

and identities, leading to rising identity politics.

b) India's will be a key factor in global trends that include

authoritarian control in China and Russia.

c) “How New Delhi treats Hindu nationalist tendencies and Israel

balances ultra-orthodox religious extremes will be key

determinants of future tensions,“

d) “Militant Christianity and Islam in central Africa, militant

Buddhism in Burma and violent Hindutva in India, will all

continue to fuel terror and conflict.

e) while violent extremism, terrorism and instability will continue to

hang over Pakistan and Afghanistan, India will offer smaller

South Asian nations a stake in its economic growth with

development assistance.

f) India will face a Pakistan that will look at rapidly expanding its

nuclear arsenal and delivery platforms, including tactical nuclear

weapons missiles.

g) The deployment of nuclear weapons in sea has been identified as

a major security risk factor for the region.

h) An assertive India shall further involve itself into East and

Southeast Asian economic and security matters.



677.

678. Industry’s Status after demonetisation



679. Currently only 13 Indian states offer lottery, six states allow horse

racing, and two states (Sikkim and Goa) allow and offer some sort of

casino-based gaming. All India Gaming Federation (AIGF), The Union

Territory of Daman and Diu also permits casino gaming; however, its

first casino is still awaiting its gaming license. Most gamblers in India

prefer to visit locations like US (Las Vegas), Singapore, Malaysia and

Macau.

680. The oldest College in India, that celebrated its 200th establishment day

on 20th

January, 2017 is:

a) Hindoo or Presidency College , now a University, in Kolkata

b) Elphinstone College, Mumbai

c) Santo Tomas University


681. Who among the following is / was an alumnus of Presidency College ,

Kolkata:

a) Satyendra Nath Bose

b) Nobel laureate, Amartya Sen.

c) Nobel laureate C V Raman

d) Prasanta Chandra Mahalanobis

e) All the above

682.



683. A letter that one bank writes to another bank (particularly in another

country) to ensure payment to the supplier of goods when certain

conditions are met, is called a :

a) Letter of Credit

b) Promissory Note

c) IOU

d) P Note

684. A new form of cyber attack on Banks is about downloading trade

related documents for creating fake versions. It does not involve any

immediate loss of money, and is therefore, difficult to notice. The Bank

suffers only when claims for payment are received from the overseas

bank.

685. Which of the following Acts has received President’s assent but is yet to

be brought into force:

a) The Lokpal Act, 2014

b) Whistle blowers' Act

c) Genetically modified foods Act

d) Anti corruption ombudsman

686. Which of the following explosives is considered more suitable for

middle and long range weapon systems:

a) only plutonium based

b) only uranium based

c) only highly enriched uranium

d) only enriched uranium



687. GST from 1st July 2017

688. New Social Sector schemes on the anvil in January 2017

689.



690. Wholesale Price Index after demonetisation

691. Which of the following countries has the highest inequality as in 2016:

a) India

b) US

c) Russia

d) China

e) Brazil

692. About Single Family Office as a safe conduit for black money abroad



693. Growth economies in 2017 and 2018 :



694. Which of the following Acts / Rules does NOT have any provision for

arrest for non payment / cheating and forgery up to or beyond a certain

limit :

a) Value Added Tax

b) The Indian Penal Code

c) Service Tax and Central Excise



d) GST offences above Rs 2 crore will be non bail able.

695. Which of the following have a limit of Rs 2 crore beyond which non

payment / forgery or cheating becomes a non bailable offence:

a) GST offences above Rs 2 crore

b) Service Tax non payment above Rs 2 crore

c) Excise Duty non payment above Rs 50 lakh

d) The Indian Penal Code under Section 420 all offences

Answer is: both (a) and (b)



696. Agreement on Goods and Services Tax as in January 2017.

697. Measure taken to encourage digital payments by small traders and

businesses with a turnover of up to Rs 2 crore include all the following:

a) Reduction in existing rate of deemed profit of 8% under section

44AD of the I T Act, to 6% for total turnover or gross receipts

received through banking or digital channel for the financial year

2016-17.

b) This means that portion of sales for which payment is received in

digital means, the profit will be considered at 6% for purposes of

tax during 2016-17. The portion for which cash is used, will

continue to be at 8% in section 44AD.

c) Legislative amendment in this regard would be carried out

through the Finance Bill, 2017.

d) Under the current tax law, profit is deemed to be 8% of turnover

for assesses such as individuals.



698. Accrual system of accounting introduced in Indian Railways. For

details see short note nos. 134 in Part 4 of Short Notes

699. The president and the secretary of the Board of Control for Cricket in

India (BCCI) were sacked by the Supreme Court in 2017

a) For wilful perjury

b) For not complying with its orders

c) For not implementing the recommendations of Justice

Lodha.


700. RuPay, a domestic plastic card launched by National Payment

Corporation of India (NPCI), can be used by:

a) All Indians having an account in any Public Sector Bank

b) Only by those holding accounts under Pradhan Mantri Jan Dhan

Yojna

c) Only those having BPL cards

d) Only those who are eligible for special PM schemes introduced.

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