GK Quiz - 5th May 2015

Q. : 1 The Reserve Bank of India (RBI) lowered its policy repo rate on 4 Mar. What is the new repo rate?

1) 6.5 per cent 

2) 7 per cent

3) 7.25 per cent 

4) 7.5 per cent

5) 7.75 per cent 

Q. : 2 As proposed in the general budget for FY16, the implementation of GAAR has been deferred till

1) Apr 1, 2016 

2) Apr 1, 2017

3) Apr 1, 2018 

4) Apr 1, 2019

5) None of these 

Q. : 3 The IRDA of India on 2 Mar released its final guidelines on insurance marketing firms. Which of the following is NOT correct regarding the guidelines issued?

1) It can be set up with a minimum capital requirement of Rs 25 lakh. 

2) It can distribute products of two life insurers at any point in time.

3) It can distribute products of two general insurers at any point in time. 

4) It can distribute products of two health insurers at any point in time.

5) The initial grant of registration will be valid for three years. 

Q. : 4 Both the houses of the Parliament have passed the bill merging PIO, OCI schemes. OCI stands for Overseas Citizenship of India while PIO stands for

1) Person of India Overseas 

2) Person of Indigenous Origin

3) Pertaining to Indian Origin 

4) Person of Indian Origin

5) None of these 

Q. : 5 Who among the following is the new chairman of the National Book Trust (NBT)?

1) MA Sikandar 

2) Baldev Sharma

3) A Sethumadhavan 

4) M Mukundan

5) Sarah Joseph 

Q. : 6 The Economic Survey estimates capital account deficit (CAD) to fall below _______in the fiscal year 2015-16.

1) 0.5 per cent 

2) 1 per cent

3) 1.5 per cent 

4) 2 per cent

5) 2.5 per cent 

Q. : 7 The Finance Minister Arun Jaitley on 28 Feb announced an initial allocation of ___________for the MGNREGA programme.

1) Rs 32,464 cr 

2) Rs 34,699 cr

3) Rs 68,204 cr 

4) Rs 71,695 cr

5) Rs 83,699 cr 

Q. : 8 The govt has proposed to merge commodities regulator with SEBI. As of now, the commodity market is regulated by

1) MCX 

2) CARE

3) NSE 

4) FMC

5) None of these 

Q. : 9 As per the proposals of the general budget for 2015-16, the exemption on health insurance premium has been hiked to __________. For senior citizens it is hiked to Rs 30,000.

1) Rs 15,000 

2) Rs 18,000

3) Rs 20,000 

4) Rs 25,000

5) Rs 28,000 

Q. : 10 The govt has announced Fiscal Deficit targets for different years in the general budget for 2015-16. Which of the following is correct in this regard?

1) FY15-16: 3.9 per cent 

2) FY16-17: 3.5 per cent

3) FY 17-18: 3 per cent 

4) All the above

5) Only 2) and 3) 

Answer:- 

1. (4) 7.5 per cent
2. (2) Apr 1, 2017
   
3. (1) It can be set up with a minimum capital requirement of Rs 25 lakh.
4. (4) Person of Indian Origin
5. (2) Baldev Sharma
6. (2) 1 per cent
7. (2) Rs 34,699 cr
8. (4) FMC
9. (4) Rs 25,000
10. (4) All the above