Current Affairs Current Affairs - 14 September 2014 - Vikalp Education

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Current Affairs - 14 September 2014

Islamic State video shows beheading of British aid worker David Haines, David Cameron vows action

  • LONDON: The Islamic State claimed responsibility for the beheading of a British aid worker on Saturday, an act slammed as "pure evil" by Prime Minister David Cameron who vowed Britain would do all it could to catch the killers.

    President Barack Obama offered US support for its "ally in grief", while Cameron faced growing calls to allow Britain's military to help in Washington's planned assault against the rampaging jihadist group.

    The British premier will chair a meeting of the government's emergency Cobra committee early on Sunday in response to the online video purportedly showing a masked IS militant killing hostage David Haines in retribution for the US and British campaign against the group.

    Cameron called the attack "a despicable and appalling murder of an innocent aid worker" and "an act of pure evil".

    "We will do everything in our power to hunt down these murderers and ensure they face justice, however long it takes," he said in a statement.

    Two US journalists have been murdered in similar circumstances in recent weeks.

    Obama slammed the latest attack as "barbaric" and said the US "stands shoulder to shoulder tonight with our close friend and ally in grief and resolve".

Disaster averted? Pilot turns Malaysia Airlines flight to India around after defect

  • KUALA LUMPUR: An India-bound flight of Malaysia Airlines was forced to return due to an auto-pilot defect, landing safely in Kuala Lumpur, said the carrier already hit by the twin tragedies this year.

    Flight MH198 from Kuala Lumpur to Hyderabad departed at 10.20pm on Saturday night but the Boeing 737-800 turned back due to an auto-pilot defect and landed safely at the Kuala Lumpur International Airport at 2.01am on Sunday, it said in a statement.

    "The defect did not have any impact on the safety of the aircraft or passengers, however, as a precautionary measure, the operating captain decided to turn back," the airline said.

Jumping a red light may soon cost you Rs 5,000; cellphone use Rs 4,000

  • NEW DELHI: If you jump a traffic light, drive on the wrong side of the road, refuse to snap on the seat belt or obstruct emergency vehicles, you may soon have to cough up a fine of Rs 5,000. And if you repeat these offences, the penalty could climb to Rs 10,000 and even Rs 15,000, your licence could be suspended and you may be packed off to a refresher driving course. 

    As was first reported in TOI, the draft Road Transport and Safety Bill, which seeks to tame traffic violators and habitual offenders, has proposed manifold jump in fines and jail term. 

    If a child is killed by a speeding vehicle, the driver will have to pay a fine of Rs 3 lakh and face seven years' imprisonment. Those caught driving "dangerously" with children on board would lose their licence, be slapped with a fine of Rs 15,000 and even face imprisonment. Being caught without a helmet may leave your purse lighter by Rs 2,500 and using a mobile phone while driving, anything from Rs 4,000 to Rs 10,000 depending on the frequency of violations. 

    The draft Bill, which was posted online on Saturday for public comments, also proposes high penalty of Rs 5 lakh on automobile companies who release faulty vehicles into the market. Auto dealers who deliver a vehicle without a registration number may end up paying a fine of Rs 1 lakh. To check drunken driving, the draft Bill proposes fines between Rs 15,000 and Rs 50,000 depending on the percentage of alcohol detected in the blood. These offences would also invite imprisonment for six months to two years. In the case of school bus drivers, the fine would be as high as Rs 50,000 with a jail term up to three years.

Jammu & Kashmir floods: Rain lashes valley, rescue operations affected

  • SRINAGAR: After few clear days, rain returned to the Kashmir valley on Sunday in bad news for flood victims as it could hamper rescue operations in the submerged areas.

    It is already being reported that rescue operations being conducted by the Indian Air Force in Srinagar have been affected due to rainfall.

    Rainfall accompanied by thunder and lightning lashed Srinagar and other parts of the valley. The weather had been clear for the past five days after incessant rain led to unprecedented floods in the valley.

China on ‘track’ to develop Indian railways as Xi Jinping heads to meet PM Modi

  • NEW DELHI/BEIJING: China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbours' first summit since Narendra Modi became Prime Minister in May. 

    The leaders of Asia's three biggest economies — China, India and Japan — have crisscrossed the region this month, lobbying for strategic influence, building defence ties, and seeking new business opportunities. 

    Beijing's bid to ramp up commercial ties in India comes despite a territorial dispute that has flared anew in recent years, raising concerns in New Delhi, where memories of a humiliating border war defeat in 1962 run deep.

GENERAL AWARENESS PRACTICE QUESTIONS FOR SBI P.O. EXAM


  • 1. What is the full form of the term 'NPA' as used in banking environment ?
    a. Not profitable Assets
    b. New potential Accounts
    c. Non-Performing Assets     
    d. Net performing Assets
    e. None of the above

  • 2. The National Rural Employment Guarantee Act is now known by which of the following names?
    a. Indira Gandhi Rural Employment Guarantee Act       
    b. Rajiv Gandhi Rural Employment Guarantee Act
    c. Jawaharlal Nehru Rural Employment Guarantee Act     
    d. Mahatma Gandhi Rural Employment Guarantee Act      
    e. None of these

  • 3. The Food and Agriculture Organization (FAO) is wing/agency of the
    a. World Bank       
    b. United Nations Organization 
    c. Asian Development Bank  
    d. Ministry of Agriculture Government of India 
    e. None of these

  • 4. Planning commission started in _____________ year ?
    a. 1950      
    b. 1951        
    c. 1952      
    d. 1953       
    e. 1954

  • 5. NDC started in ___________ year?
    a. 1950      
    b. 1951      
    c. 1952     
    d. 1953        
    e. 1954


  • 6. Which of the following states has the maximum number of Sugar mills?
    a. Bihar      
    b. Rajasthan       
    c. Gujarat
    d. Haryana       
    e. Uttar Pradesh

  • 7. Expand the term NREGA
    a. National Rural Employment Guara ntee Agency       
    b. National Rural Electrification Gover ning Agency
    c. National Rural Employment Guara ntee Act       
    d. New Rural Employment Guarantee Agency
    e. None of these

  • 8. The organization of the South East Asian countries is known as …..
    a. OPEC      
    b. ASEAN      
     c. NATO    
    d. UNCTAD      
    e. SAARC


  • 9. A bank normally does not have to deal with an issue related to
    a. Payments and settlement systems       
    b. Contractual right of creditors
    c. Intellectual property rights    
    d. Cases of insolvency
    e. Coordination between regulators acti ve in banking/ financial sectors

  • 10. Transport of goods by which of the following is free levy of the Service Tax?
    a. Indian Railways     
    b. Shipping Companies owned by NIRs 
    c. All private road transport companies    
    d. By the transport corporation of India in its own special containers
    e. None of the above

  • 11. The rate of interest, banks charge to its main/major and prime customers is popularly called as
    a. Risk premium     
    b. Prime Lending Rate 
    c. Repo Rate 
    d. Reverse Repo Rate 
    e. Cost of fund

  • 12.Which of the following is NOT considered as a parameter for defining the Below Poverty Line (BPL) status of persons?
    a. Food security     
    b. Marital Status 
    c. Debt  
    d. Literacy 
    e. Land holdings

  • 13.Which of the following is/are NOT called the types of Inflation?
    (1) Cost push     
    (2) Real wages     
    (3) Demand pull
    a. Only 1      
    b. Only 2       
    c.Only 3     
    d.Only 1 and 2       
    e. Only 2 and 3


  • 14. Which of the following is the full form of the term SLR as used in the banking sector?
    a. Social Lending Ratio     
    b. Statutory Liquidity Ratio
    c. Scheduled Liqui8dity Rate
    d. Separate Lending Rate
    e. None of the above

  • 15. Which of the following schemes of the Govt. of India is associated which the health sector?
    a. NRDP     
    b. IRDP       
    c. ASHA        
    d. Bharat Nirman       
    e. All of these

  • 16. Which of the following is NOT the abbreviated name of the scheme launched for watershed development in India?
    a. DPAP      
    b. DDP       
    c. VHNDs      
    d. IWDP       
    e. Hariyali

  • 17. Which of the following is NOT a function of Bank?
    a. Providing project finance      
    b. Selling Mutual Funds  
    c. Deciding policy rates like CRR, Repo rate/SLR etc
    d. Settlement of payments on behalf of the customers          
    e. All of these are functions of bank

  • 18. Which of the following is a form of "Small Savings Bank" popular among the poor or children?
    a. Core Banking       
    b. Credit Banking      
    c. Debit Card       
    d.Merchant Banking  
    e. Piggy Banking

  • 19. Which of the following is a Horticulture Crop?
    a. Paddy     
    b. Wheat       
    c. Mango      
    d. Bajara       
    e. None of these

  • 20. Which of the following nations is considered the originator of the concept of Micro finance?
    a. India       
    b. Bangladesh     
    c. South Africa      
    d. USA       
    e. None of these

  • 21. India's first transgenic crop was
    a. Potato     
    b. Brinjal      
    c. Sugarcane       
    d. Bt cotton      
    e. None of these

  • 22. Government normally does not announce the Minimum Support Price (MSP) of
    a. Wheat      
    b. Paddy     
    c. Sugarcane      
    d. Jute      
    e. All of these

  • 23. Banks borrow money from the RBI on which of the following rates?
    a. Bank rate      
     b. CRR        
    c. SLR     
    d. Reverse Repo Rate       
    e. Repo Rate

  • 24. What is the abbreviation of 'PPP'?
    a. Perfect, Preferred and Protected        
    b. Point to Point Protocol  
    c. Power Point Presentation
    d. Purchasing Power Parity  
    e. None of above


  • 25. Which of the following is one of the most successful programmes under Bharat Nirman?
    a. PradhanMantri Gram SadakYojana      
    b. Watershed Development Sheme
    c. Rajiv Gandhi Grammen Vidyutikaran Yojana
    d. Indira AwasYojana      
    e. None of the above

  • 26. The letter 'D' stands for which of the following in the abbreviated name OECD? (Organization of Economic Cooperation and ……)
    a. Defence     
    b. Directions    
    c. Dominance     
    d. Development    
    e. Devaluation

  • 27. The "World Economic Outlook" is published by which of the following organizations regularly?
    a. World Bank    
    b. International Monetary Fund
    c. Asian Development Bank
    d. World Trade Organization      
    e.None of above

  • 28. The New India Assurance Company was established in 1919 by
    a. Dorab Tata     
    b. GD Birla    
    c. Jamunalal Bajaj      
    d. KamlapatSinghania      
    e. None of these

  • 29. "No Tobacco Day" is observed every year on
    a. 1st May      
    b. 1st June       
    c. 31st May   
    d. 30th June       
    e. None of these

  • 30. Which of the following schemes was launched recently to make Indian cities free from slums?
    a. Bharat Nirman     
    b. Indira VikashYojana     
    c. Indira AwasYojana    
    d. Rajiv AwasYojana       
    e. None of these

  • 31. The sex ratio in India is higher in which of the following states ? (Females 1084) are more than per thousand males)
    a. Maharashtra      
    b. Kerala         
    c. Manipur        
    d. Assame        
    e. Karnataka

  • 32. Which of the following countries is NOT a member of ASEAN?
    a. Myanmar       
    b. Singapore       
    c. China        
    d. Vietnam        
    e. Malaysia

  • 33. Which is the meant by "Under writing" the term frequently used in financial sector?
    a. Under valuation of the assets    
    b. The Act of taking on a risk for a fee     
    c. Giving a guarantee that a loan will not become a bad loan
    d.The act of permission to float an IPO       
    e. None of the above

  • 34. 'Yen' is the currency of
    a. China     
    b. France       
    c. Britain      
    d. Italy       
    e. Japan


  • 35. SDR stands
    a. Special Drawing Rights    
    b. Special Development Rights 
    c. Supreme Court Development Rights
    d. Supreme Court Drawing Rights    
    e. None of these

  • 36. Headquarters of the United Nations Organization is located in
    a. New York      
    b. Tokyo      
    c. London       
    d. Kathmandu      
    e. Moscow


  • 37. Many a times we come across a term in field of banking operation which reads 'ECS'. What is the full form of the same?
    a. Electronic Coding System
    b. Extra Coding System
    c. Electronic Clearing Service
    d. Elementary Clearing System
    e. None of these

  • 38. Union Budget is always presented first in the
    a. RajyaSabha      
    b. LokSabha     
    c. Joint Session of the Parliament     
    d. Meeting of the Union Cabinet      
    e. None of the above

  • 39. What is the full form of LAF?
    a. Legal adjustment Facility     
    b. Liquidity Adjustment Facility
    c. Long term Achievement Facility
    d. Legal Adjustment Formality
    e. None of these

  • 40. Many a times we read a term in financial newspapers 'SEPA'. What is the full form of the term?
    a. Single Exchange Processing Agency     
    b. Single Euro Payments Area
    c. Single Electronic Processing Agency
    d. Super Electronic Purchase Agency
    e. None of the above

  • 41. Service Tax was introduced in India for the first time in the year
    a. 1990-91      
    b. 1991-92       
    c. 1994-95      
    d. 1980-81     
    e. 2000-01

  • 42. Which of the following has now became the Third Largest Economy of the World?
    a. Brazil      
    b. India      
    c. China     
    d. Japan      
    e. Russia

  • 43. Which of the following is/are the components of the Fiscal Deficit?
    A. Budgetary Deficit      
    B. Market Borrowings      
    C. Expenditure made from Pradhan Mantri Raha Kosha
    a. Only (A) 
    b. Only (B) 
    c. Only (C)
    d. all (A),(B) and (C) 
    e.None of these

  • 44. What is a Repo Rate?
    a. It is a rate at which RBI sell Govt. Securities to banks 
    b. It is rate at which RBI buys Govt. securities 
    c. It is a rate at which RBI allows small loans in the market 
    d. It is a rate at which offered by Banks to their most valued customers or prime customers 
    e. None of these

  • 45. The agricultural census is done at which of the following intervals?
    a. There is no fixed term      
    b. Every year 
    c. Once in three years     
    d. Once in ten years      
    e. Once in five years


  • 46. The maximum amount of total Revenue earned by the Govt. of the India comes from
    a. Income tax       
    b. Customs duty       
    c. Excise duty      
    d. Value added tax     
    e. Corporate tax

  • 47. Bharat Nirman does not cover which of the following areas?
    a. Rural employment       
    b. Rural Housing    
    c. Rural Water Supply        
    d. Irrigation Facilities
    e. It covers all the above areas

  • 48. Who amongst the following gave the concept of PURA (Providing Urban Facilities in Rural Areas)?
    a. Rajiv Gandhi       
    b. Manmohan Singh
    c. APJ Abdul Kalam       
    d. Narendhra Modi 
    e. None of these

  • 49. A customer wishes to purchase some US dollars in India. He/She should go to
    a. Public Debt Division of the RBI only    
    b. American Express Bank Only   
    c. RBI or any branch of the bank which is authorized for such business     
    d. Ministry of Foreign Affairs
    e. None of these

  • Answers:
    1) c 2) d 3) b 4) a 5) c 6) e 7) c 8) b 9)c 10) a 
    11) b 12) b 13) b 14) b 15) c 16) b 17) e 18) e 19) c 20) b 
    21) d 22) d 23) e 24) d 25) a 26) d 27) b 28) a 29) c 30) d 
    31) b 32) c 33) b 34) e 35) a 36) a 37) c 38) b 39) b 40) b 
    41) c 42) b 43) d 44) a 45) e 46) e 47) a 48) c 49) c

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