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Current Affairs Quiz (17-Feb-2017)

Quiz (Feb-17-2017)

1. Name the agency proposed by government in the Economic Survey 2016-17 which will be set up to buy bad loans from state-run banks?

a) TARA
b) CARA
c) PARA
d) QARA

A) a is the correct answer
B) c is the correct answer
C) b is the correct answer
D) d is correct answer


2. What is the new scheme proposed by government in the Economic Survey 2016-17 that ensures citizens to have a right to a minimum income to cover their basic needs as a long-term solution to reduce poverty in the country?

a) FBI
b) IIP
c) SIP
d) UBI

A) a is the correct answer
B) d is the correct answer
C) b is the correct answer
D) c is the correct answer


3. Which are the top 3 states that get most of the internal migration as per the Economic Survey 2017?

a) Delhi
b) Maharashtra
c) Tamil Nadu
d) Karnataka

A) a & b is the correct answer
B) a, b & c is the correct answer
C) a & c is the correct answer
D) d is the correct answer


4. What is the amount above which the cash transaction ban has been proposed in the Budget for 2017-18?

a) Rs.1 lakh
b) Rs.2 lakh
c) Rs.3 lakh
d) Rs.4 lakh

A) a is the correct answer
B) b is the correct answer
C) c is the correct answer
D) None of the above


5. What are the major recommendations made recently to the Motor Vehicles Act by the Parliamentary Committee?

a) Mandatory test of competence for new driving licence
b) Exemption of permits for commercial vehicle used for last-mile connectivity & rural transport
c) Freedom to state to have their own taxi policy
d) Protective gear/helmet for all above 4 years

A) a, c & d is the correct answer
B) a, b, c & d is the correct answer
C) a & c is the correct answer
D) a, b & c is the correct answer


6. What are the major functions suggested for the inter department Standing Committee on Cyber Security constituted by Reserve Bank of India?

a) Review threats inherent in innovations in fin-tech space
b) Adoption of security protocols
c) Check interfaces with stakeholders and suggest policy
d) Issue banking license to Payment banks

A) a & b is the correct answer
B) a, b & c is the correct answer
C) a & c is the correct answer
D) d is the correct answer


7. What were the major highlights of the interest rates announced by the Reserve bank of India in its latest Monetary Policy?

a) Repo rate at 6.25 percent
b) Repo rate at 6.00 percent
c) Reverse Repo rate at 5.75 percent
d) Reverse Repo rate at 5.50 percent

A) a & b is the correct answer
B) a, b & c is the correct answer
C) a & c is the correct answer
D) a, c & d is the correct answer


8. Who was recently appointed as the new Chairman of Securities and Exchange Board of India (SEBI)?

a) Ajay Rajhans
b) Varun Vidhyarthi
c) Sanjay Sabarwal
d) Ajay Tyagi

A) d is the correct answer
B) c is the correct answer
C) b is the correct answer
D) a is the correct answer


9. Which are the features of Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 are which is open up to 31st March 2017?

a) Declaration by any person of the undisclosed income in the form of cash or deposits in an account with bank or post office
b) Tax, surcharge and penalty totaling to 49.90% of the undisclosed income
c) Non Declaration of such undisclosed income to be liable to tax, surcharge and cess @77.25% along with penalty and prosecution
d) Mandatory deposit of 25% of the undisclosed income

A) a, b & c is the correct answer
B) a & b is the correct answer
C) a & c is the correct answer
D) a, b, c & d is the correct answer


10. Name the states except which the Food Security Scheme will now be mandatory linked with Aadhaar?

a) Assam
b) Meghalaya
c) Jammu & Kashmir
d) Manipur

A) a & b is the correct answer
B) b is the correct answer
C) a, b & c is the correct answer
D) a, b & d is the correct answer