Friday 9 October 2015

GK Update 07/10/15 to 08/10/15

Q.1. Which among the following entities did not get license to start the small finance banks?
a) ESAF Microfinance and Investments Private Ltd - Chennai
b) Janalakshmi Financial Services Private Limited - Bengaluru
c) Suryoday Micro Finance Private Ltd - Navi Mumbai
d) Ujjivan Financial Services Private Ltd - Bengaluru
e) All of the above entities got permission to start small finance banks

Q.2. Small Finance Banks minimum paid-up capital would be .........
a) Rs.200 cr
b) Rs.50 cr
c) Rs.10 cr
d) Rs.100 cr
e) Rs.1000 cr

Q.3. India put off its negotiations for a free trade agreement (FTA) with __________ on 5 Aug, following an import ban imposed by the latter on 700 drugs tested by Hyderabad-based GVK Biosciences.
a) EU
b) Australia
c) UK
d) US
e) China

Q.4. The Legislative Assembly of which of the following states on 5 Aug passed a legislation making it mandatory for candidates contesting all level of panchayat raj elections to have toilets at their individual home by Jan 31, 2016? 
a) Uttar Pradesh
b) Madhya Pradesh
c) Bihar
d) Gujarat
e) Karnataka

Q.5. On 16 September 2015, RBI in-principle granted licenses to how many applicants among 72 applicants to set up small finances banks that are all mainly microfinance and small finance companies?
a) 27
b) 19
c) 14
d)  6
e) 10

Q.6. The Asia’s largest telescope, the Multi Application Solar Telescope (MAST), was recently inaugurated in India in
a) Bengaluru, Karnataka
b) Chennai, Tamil Nadu
c) Indore, Madhya Prasad
d) Udaipur, Rajasthan
e) None of these

Q.7. Who among the following has been honoured with the Ramanujan Prize for 2015? He has been honoured for his contributions in the area of algebraic K-theory, algebraic cycles and theory of motive.
a) Sujatha Ramadorai
b) Amalendu Krishna
c) Kannan Soundararajan
d) Manjul Bhargava
e) James Maynard

Q.8. Which of the following countries is to inaugurate the new Suez Canal dubbed as the Suez Canal Axis on 6 Aug? The 72-km project is aimed at speeding up traffic.
a) Syria
b) Egypt
c) Turkey
d) Iran
e) Greece

Q.9. The National Highways Authority of India has released an index of prices pertaining to the sector for public comment. The length of National Highways in the country is about
a) 70,000 km
b) 74,000 km
c) 83,000 km
d) 96,000 km
e) None of these

Q.10. Which of the following activity the Small Finance Bank cannot do?
a) They can't lend to big corporate houses.
b) They can't lend to big groups.
c) Cannot set up subsidiaries to undertake non-banking financial services activities.
d) Other financial activities of the promoter must not mingle with the bank.
e) All of the above activities cannot be done by Small Finance Banks.

Answers:

Q.1. e) All of the above entities got permission to start small finance banks
Q.2. d) Rs.100 cr
Q.3. a) EU 
Q.4. c) Bihar 
Q.5. e) 10
Q.6. d) Udaipur, Rajasthan
Q.7. b) Amalendu Krishna
Q.8. b) Egypt
Q.9. d) 96,000 km
Q.10. e) All of the above activities cannot be done by Small Finance Banks.

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