Current Affairs Jan 2011 For FCI MT Exam

1.Consider the following facts about a country in Africa:

1. This country was once known as Economic Power House of West Africa
2. It is world's largest producer of cocoa and third largest producer of coffee.
3. In recent times, there is a political turmoil in this country following the presidential election
leading to widespread coverage in media all over world.
Identify this country from the given options:
(A)Liberia
(B)Ghana
(C)Mali
(D)Côte d'Ivoire

 2.Hashim Thaci, who is facing charges of Human Trafficking is prime minister of which among
the following countries / territories ?
(A)Serbia
(B)Kosovo
(C)Bulgaria
(D)Bosnia and Herzegovina

 3.Indian Navy and which among the following Navies have regularly conducted joint exercises
named 'INDRA' since 2003?
(A)Russian
(B)UK
(C)US
(D)Australia

 4.In which state are located the Integrated Kashang Hydroelectric Project & Sainj
Hydroelectric Project which are being supported by Asian Development Bank ?
(A)Jammu & Kashmir
(B)Himachal Pradesh
(C)Uttarakhand
(D)Punjab

 5.Consider the following:

1. Near Infrared
2. Mid Infrared
3. Far Infrared
Which among the following is the correct order of increasing wavelength of the above?
(A)1 2 3
(B)3 2 1
(C)2 1 3
(D)3 1 2

6.Where are the headquarters of National Cadet Corps ?

(A)Pune
(B)New Delhi
(C)Chandigarh
(D)Bhopal

7.The Indo-UK Task Force has been created for which among the following ?
(A)Military Affairs
(B)Corporate Affairs
(C)Social Affairs
(D)Bilateral Issues

8.In the 11th plan the share of which among the following kinds of electricity has decreased from
2007-2010 period?
(A)Nuclear Power Capacity
(B)Thermal Power Capacity
(C)Hydro Power Capacity
(D)Solar Power Capacity

9.Consider the following statements:

1. Government of India is planning to invest one trillion US dollar on infrastructure in 12th five
Year Plan
2. Half of this investment is envisaged to be financed through private sources
Which among the above statements is / are correct?
(A)Only 1
(B)Only 2
(C)Both 1 & 2
(D)Neither 1 nor 2
10.Container Corporation of India Limited (CONCOR) comes in which among the following
categories?
(A)Mini Ratna
(B)Navratna
(C)Maharatna
(D)None of them

11.The Union Cabinet has recently approved declaration of which among the following dates to
be celebrated every year as the "National Voters' Day"?
(A)24 January
(B)25 January
(C)27 January
(D)28 January

12.Consider the following statements related to India's First Defense Procurement Policy
released recently:
1. The Government puts emphasis on Indigenous manufacturers and vendors
2. The Foreign Vendors are required to source at least 30% of spare parts from the Domestic
vendors
Which among the above statements is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 is correct

13.Consider the following statements:

1. Coastal Regulation Zone 2011 regulates the Islands of Andaman and Nicobar Islands
2. Coastal Regulation Zone 2011 has been enacted by an act of parliament
3. Coastal Regulation Zone 2011 replaces the 1991 notification
Which among the above statements is / are correct?
(A)Only 1 & 3
(B)All 1, 2 & 3
(C)Only 2 & 3
(D)Only 3

14.Recently a Central team was sent to Ahamadabad and Pune to investigate the outbreak of
"Crimean–Congo hemorrhagic fever (CCHF). This disease caused by which among the
following?
(A)Virus
(B) Bacteria
(C)Protozoa
(D)Insects

15.Who among the following appoints a Judge in the High Court of Indian state?
(A)President with advice of Chief Justice of India
(B)President with Advice of Prime Minister
(C)Law Ministry
(D)President with Advice of a collegium of Judges

Frequently Asked SBI PO Interview Questions and Hints

1.    What is SLR?

The ratio of liquid assets to demand and time liabilities is known as Statutory Liquidity Ratio
(SLR).

2.    What are Repo rate and Reverse Repo rate?

Repo (Repurchase) rate is the rate at which the RBI lends shot-term money to the banks.

Reverse repo rate signifies the rate at which the central bank absorbs liquidity from the banks

3.    What is the difference between Bank Rate and Repo Rate?

Bank Rate is the rate at which RBI allows finance to commercial banks in India

Repo is a money market instrument, which enables short term borrowing and lending.

4.    What is a bank?

A bank is a financial institution whose primary activity is to act as a payment agent for   
customers and to borrow and lend money.

5.    What is Banking Business?

Banking Business is the business of receiving money on current or deposit account, paying and
collecting cheques drawn by or paid in by customers.

6.    What is Accounting for Bank Accounts?

There are two types of accounts Debit and Credit.

7.    What are the Economic functions of Banks?

 Issue of money
 Netting and settlement of payments
 Credit Intermediation
 Credit quality improvement
 Maturity transformation

8.    What is relation between Inflation and Bank interest Rates?

The major factor affecting Bank interest rate is inflation. An increase in inflation leads to an
increase of interest rate.

9.    What are the different channels of Banking you use in your daily life?

A branch, ATM, Mail, Telephone, Online Banking

10.   How many types of banks are there?

Banks’ activities can be divided into Retail Banking, Corporate banking, Business banking,
Investment banking.

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