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2008 India Current Affairs & Banking

Test your knowledge of Indian government policies, banking sector developments, and current events from 2008, including budgets, financial schemes, and major news stories.

22 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is not a major highlight of the Union Budget 2008-09 ?

  1. A target of Rs. 2·80 lakhs crore is fixed for providing credit to agriculture sector.
  2. Limit of the Banking Cash Transaction Tax is raised from present 1% to 1·5%.
  3. PAN requirement is not mandatory for financial transactions. Other Ids are also acceptable.
  1. Only 1
  2. Only 2
  3. Only 3
  4. Both 2 and 3
  5. All 1, 2 and 3
Question 2 Multiple Choice (Single Answer)

As per the news in major financial newspapers a 'Rashtriya Swasthya Bima Yojana' is launched in Delhi and Haryana States for members of unorganized sectors. Under the scheme each family is likely to get the benefit of Rs.………

  1. 15,000
  2. 20,000
  3. 25,000
  4. 30,000
Question 3 Multiple Choice (Single Answer)

What is the maximum stake the Govt. of India has in any public sector bank at present ?

  1. 40%
  2. 49%
  3. 50%
  4. 64%
  5. 74%
Question 4 Multiple Choice (Single Answer)

As per the Economic Survey 2007-08 presented in the Lok Sabha in February 2008, what has been the percentage growth in Bank credit? About-

  1. 10%
  2. 15%
  3. 18%
  4. 21%
  5. 26%
Question 5 Multiple Choice (Single Answer)

As proposed in the Union Budget 2008-09 a 'Risk Capital Fund' is set up by the Govt. of India. Who amongst the following will maintain and operate that fund ?

  1. NABARD
  2. SIDBI
  3. ECGC
  4. RBI
Question 6 Multiple Choice (Single Answer)

As per the budget of the Indian Railways for 2008-09 the operating ratio of the railways has

  1. improved only by 0·5%
  2. decreased by 0·5%
  3. remained at the same level on which it was in 2007-08
  4. reached at the level of 81%
Question 7 Multiple Choice (Single Answer)

As per the new policy the number of Judges in the Supreme Court would be now-

  1. 21
  2. 25
  3. 26
  4. 30
  5. 31
Question 8 Multiple Choice (Single Answer)

The government of India has launched a new scheme for the 'Girl Child'. What is the name of the scheme ?

  1. Raj Lakshmi
  2. Rani Bitia
  3. Dhan Lakshmi
  4. Aanandita
Question 9 Multiple Choice (Single Answer)

As per the reports published in the newspapers the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/are such credit rating agencies in India ?

  1. CARE
  2. CRISIL
  3. ULIP
  1. Only 1
  2. Only 2
  3. 1 and 2 only
  4. Only 3
  5. All 1, 2 and 3
Question 10 Multiple Choice (Single Answer)

The President of India recently signed the much-awaited notification for the implementation of the suggestions made by the 'Delimitation Commission'.
What will be the effect of this notification ?

  1. Parliamentary and Assembly constituencies will be redefined
  2. Candidates from SC/ST categories will get all benefits for another 15 years' time
  3. The boundaries of the National Capital, New Delhi will be extended further
  4. Operations of the Cooperative Banks and Societies will not be limited to the state of their origin. They will also be like Public Sector Banks
Question 11 Multiple Choice (Single Answer)

'Sub Prime Lending' is a term applied to the loans made to-

  1. those borrowers who do not have a good credit history
  2. those who wish to take loan against the mortgage of tangible assets
  3. those who have a good credit history and are known to bank since 10 years
  4. those borrowers who are most preferred customers of the Bank
Question 12 Multiple Choice (Single Answer)

As per the reports published in the newspapers/journals how much amount the Govt. of India is planning to infuse in Public Sector Banks to make them competitive and strong globally?
About-

  1. Rs. 10,000 crore
  2. Rs. 15,000 crore
  3. Rs. 20,000 crore
  4. Rs. 25,000 crore
  5. Rs. 30,000 crore
Question 13 Multiple Choice (Single Answer)

Basel-II norms are associated with which of the following aspects of the banking industry ?

  1. Risk management
  2. Manpower planning
  3. Retirement benefits for the employees
  4. Corporate Governance
  5. None of these
Question 14 Multiple Choice (Single Answer)

What is meant by 'Underwriting' the term frequently used in financial sector?

  1. Under valuation of the assets
  2. The Act of taking on a risk for a fee
  3. Giving a Guarantee that a loan will not become a bad loan
  4. The act of permission to float an IPO
Question 15 Multiple Choice (Single Answer)

Who amongst the following was the Captain of the Indian cricket team which registered its victory in tri-series ODI matches against Australia played in March 2008?

  1. M.S. Dhoni
  2. Anil Kumble
  3. Rahul Dravid
  4. Saurav Ganguly
  5. Sachin Tendulkar
Question 16 Multiple Choice (Single Answer)

Mr. Nicolas Sarkozy who was the chief guest during the Republic Day Function 2008 is the-

  1. President of Brazil
  2. Prime Minister of Brazil
  3. President of France
  4. Prime Minister of France
  5. Foreign Secretary of USA
Question 17 Multiple Choice (Single Answer)

The Planning Commission of India has set up a 12 member committee on financial sector reforms. Who is the Chairman of the Committee?

  1. Janki Raman
  2. Raghuram Rajan
  3. Rakesh Mohan
  4. K. V. Kamath
  5. None of these
Question 18 Multiple Choice (Single Answer)

The government of India constituted the New Finance Commission (13th). What is/are its major function(s)? 1. To decide the salary structure of the employees of the Central Government.
2. To decide the distribution of the net proceeds of taxes between states and Central Govt.
3. To decide the rate of Income Tax and other taxes collected by the Union Govt.

  1. Only 1
  2. Only 2
  3. Only 3
  4. All 1, 2 and 3
  5. None of these
Question 19 Multiple Choice (Single Answer)

Who amongst the following has taken over as the President of Serbia after the General elections held there in February 2008?

  1. Boris Tadic
  2. Tomislav Nicolic
  3. Samak Sundaravej
  4. Novak Djokovic
  5. None of these
Question 20 Multiple Choice (Single Answer)

Indra K. Nooyi who was elected as the Chairperson of the US-India Business Council is the CEO of which of the following Companies?

  1. Pepsi Co.
  2. Infosys
  3. Tata Consultancy Services
  4. NIIT
  5. None of these
Question 21 Multiple Choice (Single Answer)

As per the reports published in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector ?

  1. Credit cards
  2. Loan against gold from financial institute
  3. Debit cards
  4. Money lender
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