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Jigyasa: Daily Current Affairs Quiz of Oct 8, 2015

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Dear Aspirant ,

Here is the Jigyasa: Daily Current Affairs Quiz of Oct.8, 2015 for you!

  1. Name the first indigenously-designed and built torpedo launch and recovery vessel commissioned on 6th October, 2015 by Indian Navy.
  • INS Vikrant
  • INS Virat
  • INS Kalvari
  • INS Astradharini

Answer: 4

  1. The Sagarmala Project, aimed at the development of…
  • Ports*
  • Railways
  • Airways
  • Roadways

Answer: 1

  1. With which of the following countries Government of India has recently Signed Loan Agreements Worth Euro 125 Millions for financing two projects under the Green Energy Projects (GEC) programme- Himachal Pradesh (Euro 57 million) and Andhra Pradesh (Euro 68 million).
  • UK
  • US
  • Germany*
  • Russia

Answer:3

  1. ISIS militants have recently destroyed the iconic Arch of Triumph in Palmyra, Name the country where the Palmyra is situated in.
  • Iraq
  • Iran
  • Libya
  • Syria

Answer: 4

  1. As per the report of IMF in October, 2015, India will grow at 7.5% in FY17, faster than one of the following countries. Identify the countries from the given options.

 

  • US
  • UK
  • China
  • Japan

Answer:3

  1. Which among the following countries is the world’s third largest emitter of greenhouse gases?
  • China
  • Russia
  • India
  • USA

Answer:3

 

  1. Which of the following organizations has reported that for the first time less than 10% of the world’s population will be living in extreme poverty by the end of 2015?
    • IMF
    • World Bank
    • WTO
    • UNO

Answer:2

  1. Who among the following is the present chancellor of Germany?
  • Gerhard Fritz Kurt Schröder
  • Angela Dorothea Merkel
  • Helmut Josef Michael Kohl
  • Hillary Clinton

Answer:2

  1. The Nobel Prize in physics (2015) for discovering the elusive subatomic particles called neutrinos weigh something more than nothing has/have been awarded to…
  • Takaaki Kajita and Arthur McDonald
  • Wilhelm Conrad Röntge
  • Isamu Akasaki and Hiroshi Amano
  • Peter Ware Higgs

Answer:1

  1. Name the youngest ever chess player who won the World Cup Chess Championship on 06 October 2015.
  • Manuel Aaron
  • Tatev Abrahamyan
  • Magnus Carlsen
  • GM Sergey Karjakin

Answer:4

Happy Reading!!

TEAM CL

 

 

 

 

Jigyasa: Daily Current Affairs Quiz of Oct 6,2015

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Dear Aspirants,

Here is the Jigyasa: Daily Current Affairs Quiz of Oct.6,2015 for you!

  1. The government on 5th October, 2015, launched second phase of the ‘Mission Indradhanush’ focussing on 352 districts. It aims at-
  • Immunising children
  • Educating Children
  • Cleanness in districts
  • All of the above

Answer: 1

 

  1. Which of the following states has launched a special Khadi Utsav in Ahmedabad to promote khadi on the occasion of Mahatma Gandhiâ’s 146th birth anniversary on 2nd October, 2015?
  • Bihar
  • Kolkata
  • Gujarat
  • Chhattisgarh

Answer: 3

 

  1. Which of the following states has inaugurated a state police-citizen portal in October, 2015?
  • Odisha
  • Gujarat
  • New Delhi
  • Maharashtra

Answer: 1

 

  1. To fasten payment of crop insurance claims to farmers, the Union Government on 5th October, 2015 launched a pilot programme. It is called…
  • Krishak
  • Krisi
  • Kisan
  • Crop

Answer: 3

 

  1. Who among the following has won the Nobel prize in medicine in 2015?
  • Youyou Tu
  • Satoshi ÅŒmura
  • William Campbell
  • All of the above

Answer: 4

 

  1. With which of the following conglomerate Adani Ports (Adani) has entered into a non-binding Memorandum of Understanding on 3rd October, 2015, for evaluating the operations of the port at Kattupalli, Tamil Nadu.
  • K. Industries Ltd
  • L&T Shipbuilding
  • Mahindra Group
  • Essar Group

Answer: 2

 

  1. Who among the following has been appointed as the new Managing Director of Mahindra Intertrade Ltd (MIL), a wholly-owned subsidiary of Mahindra & Mahindra, on 5th September, 2015.
  • Yoshihisa Miyamoto
  • Dr S Christopher
  • Sumit Issar
  • Harsh Kumar

Answer: 3

  1. Every year World Habitat Day is celebrated on the ……Monday of October.
  • First
  • Second
  • Third
  • Fourth

Answer: 1

 

  1. The World Teachers’ Day was celebrated on ….
  • 2nd October
  • 3rd October
  • 4th October
  • 5th October

Answer: 4

 

  1. Name the mountain pass in Ladakh where the Defence Research and Development Organisation established the world’s highest terrestrial centre at 17,600 feet above sea level.
  • Zoji La
  • Chang La
  • Khardung La
  • Namika La

Answer: 2

Happy Reading!

TEAM CL

NBFCs Explained!

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Dear Aspirants,

Let us understand and explore the much in news term ‘NBFC’, in detail through this article.

According to RBI website, “A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).”

Let us understand NBFC in detail.

  1. NBFC is a company (registered under Indian Companies Act 2013 now!) and NOT a Bank
  2. The main business is giving loans and advances.
  3. It cannot be a company whose principle business is
  • agriculture activity
  • industrial activity
  • purchase or sale of any goods (other than securities) or
  • providing any services and sale/purchase/construction of immovable property

1.Differences between NBFCs and Banks

  • NBFC cannot accept demand deposits;
  • NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
  • Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.

2.Different types of NBFCs registered with RBI

  1. Asset Finance Company (AFC) :Finances physical assets supporting productive/economic activity.
  2. Investment Company (IC) :  Principle business is the acquisition of securities.
  3. Loan Company (LC): Principal business the providing of finance whether by making loans or advances.
  4. Infrastructure Finance Company (IFC): Principle business is providing finance to infrastructure business.
  5. Systemically Important Core Investment Company (CIC-ND-SI): Business of acquisition of shares and securities(based on certain criteria fulfilment).
  6. Infrastructure Debt Fund: Non- Banking Financial Company (IDF-NBFC): Facilitate the flow of long term debt into infrastructure projects.
  7. Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI): Non-deposit taking NBFC mainly into financing.
  8. Non-Banking Financial Company – Factors (NBFC-Factors): Engaged in the principal business of factoring.
  9. Mortgage Guarantee Companies (MGC) – Financial institutions for which at least 90% of the business turnover is mortgage guarantee business.
  10. NBFC- Non-Operative Financial Holding Company (NOFHC)– Financial institution through which promoter / promoter groups will be permitted to set up a new bank.

Some examples of NBFCs are L& T Finance , Muthoot Finance etc.

  1. Regulation of NBFCs
S.No. Type of  NBFC Institutions Regulating Authority
1 NBFCs registered with RBI Reserve Bank  of India
2 Housing Finance Institutions National Housing Bank
3 Merchant Banking Company , Venture Capital Fund,Stock Broking , Colective Investment Schemes SEBI
4 Nidhi Companies , Mutual Benefit Companies Ministry of Corporate Affairs
5 Chit Fund Companies State Governments
6 Insurance Companies IRDA
7 Non Banking Non Financial Companies Ministry of Corporate Affairs but Enforcement aganecy are State Governments

We hope and believe that this article will surely deepen your understanding of NBFCs.

Happy Reading!!

Compiled by Kandarp Rai

( Courtesy: RBI website)

Jigyasa: Daily Current Affairs Quiz of Oct 5th, 2015

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Dear Aspirants ,

Here is the Jigyasa: Daily Current Affairs Quiz of Oct.5, 2015 for you!

1.According to the Andhra Pradesh state government the Work of construction for  Capital  Amaravati will begin by the year:

1)2016

2) 2017

3) 2018

4) 2019

Answer: 2

  1. According to an international survey of Metro systems conducted by Railway and Transport Strategic Centre (RTSC) the top most ranking Metro in India in terms of ‘information during travel’ is:

1) Kolkata

2) Delhi

3) Lucknow

4) Jaipur

Answer: 2

  1. Which state government started online registration of Hindu marriages in October 2015?

1) Bihar

2) Madhya Pradesh

3) Uttar Pradesh

4) Chhattisgarh

Answer: 3

  1. Which country is to publish first list of dormant assets in December 2015?

1) France

2) UK

3) US

4) Switzerland

Answer: 4

  1. According to World Bank in 2015 World ‘extremely poor’ is to fall below:

1) 22%

2) 20%

3) 18%

4) 10%

Answer: 4

  1. In October 2015 which state head was for maiden trip here under the Modi government for the third Inter Governmental Consultations (IGC)?

1) Francois Hollande

2) Angela Merkel

3) David Cameroon

4) Nawaz Sharif

Answer: 2

  1. Which country population poverty rate is lowest among nations with poor population according to World Bank in year 2015?

1) Bangladesh

2) Sri Lanka

3) Nigeria

4) India

Answer: 4

  1. Who among the following won the Men’s Malaysian Open 2015?

1) Roger Federer

2) David Ferrer

3) Rafael Nadal

4) Andy Murray

Answer:2

  1. Who is the newly elected BCCI President in October 2015?

1) N Srinivasan

2) Sharad Pawar

3) Shashank Manohar

4) Saurav Ganguly

Answer: 3

  1. Which Indian state is set to form the state’s first all-women police band in October 2015?

1) Uttar Pradesh

2) Gujarat

3) Rajasthan

4) Chattisgarh

Answer: 2

 

 

Happy Reading!!

TEAM CL

RBI’s unexpected rate cut:Push for economic growth

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In a quite surprising development, The Bank in its 4th bi- monthly Monetary policy statement for 2015-2016  on September 29, 2015,cut down the key policy rate , the repo rate, by 50 basis points, lowering it down to 6.75% ( lowest since May, 2011) from the existing 7.25%.

 rbi logo

The RBI governor Raghuram Govind Rajan also revised the GDP growth rate for the current year, to a lower of 7.4% from the earlier projected 7.6%.

RBI GOVERNOR

 

The Governor indirectly sited the following reasons for the rate cut:

  • Sustained decline in exports
  • Rainfall deficiency
  • Weaker than expected industrial production/growth and investment
  • Declining business sentiment in the recent quarters.

On the slightly positive side he said “In India, a tentative economic recovery is underway, but it is still far from robust.”He also said that the inflation target of 6% by January 2016 agreed by the Modi government in the monetary policy will be achievable; in fact it will be a shade lower to 5.8%.

Interpretation of the RBI move

This cut in the key policy rate has very clear interpretations which are as follows:

  1. The inflation is under the comfort zone as per Reserve Bank of India.
  2. This cut in the interest rates will be transferred through banks to the consumers and this will effectively push economic growth through increased demand and supply of goods and services.
  3. It is expected that it will also push the business sentiment and will lead to stabilization of the uncertain stock market so far, since Chinese devaluation of its currency and will lead to the increased confidence of the investor in the Indian market.

At this moment it looks as these are steps in right direction and Indian economy should grow in future.

Happy Reading !!

TEAM CL

 

 

 

 

Jigyasa: Daily Current Affairs of 3rd Oct ’15

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Dear Aspirants,

Here is the Jigyasa: Daily Current Affairs of Oct.3,2015 for you!

  1. Which of the following organisations has launched its biggest military exercise since 2002?
  • Collective Security Treaty Organization
  • The North Atlantic Treaty Organization
  • South Asian Association for Regional Cooperation
  • The Southeast Asia Treaty Organization

Answer: 2

  1. In which of the following city the Indian students ages six to 14 have created a world record for “the largest gathering of people dressed as Mohandas Gandhi”?
  • Bangalore
  • Chennai
  • Mumbai
  • Gujarat

Answer:1

 

  1. Commemorating Mahatama Gandhi’s 146th birth anniversary, the BCCI have launched a specially-minted toss coin for the India-South Africa cricket series on 2nd September, 2015. The coin has the images of the Father of the Nation and ….

 

  • Martin Luther King Junior
  • Nelson Mandela
  • Lal Bahadur Shastri
  • Jan van Riebeeck

Answer:2

  1. Who Said, “Cleanliness was very close to Mahatma Gandhi’s heart”?
  • Pranab Mukherjee
  • Rahul Gandhi
  • Mayank Gandhi
  • Narendra Modi

Answer:4

  1. The 111th birth anniversary of Freedom fighter, Lal Bahadur Shastri was celebrated on 2nd October, 2015.He was the ….. Prime Minister of India?

 

  • 1st
  • 2nd
  • 3rd
  • 4th

Answer:2

 

  1. A recent Study (October, 2015) claims that mummification may have been a common funerary practise in the UK. It reveals that Ancient Britons may have mummified their dead during ……Age
  • Stone Age
  • Bronze Age
  • Iron Age
  • Mesolithic Age

Answer:2

 

  1. Scientists from MIPT and the RAS Geosphere Dynamics Institute have discovered that water reserves found on the moon are the result of……

 

  • Influence of solar radiation
  • Moisture in the atmosphere
  • Asteroids acting as delivery vehicles
  • Presence of dissolved bicarbonate minerals

Answer:3

 

  1. According to WTO, 2015 Report the global trade will grow by …. percentage in 2015?
  • 5
  • 6
  • 7
  • 8

Answer:4

  1. On the occasion of Gandhi Jayanti the world’s largest platform for social change in a move to designed “open up the digital campaigning space to crores of Indian citizens, has launched its website in Hindi. It is called as….
  • changenet.in
  • change.org
  • be the change .in
  • be change.org

Answer:2

  1. The United Nations Human Rights Council asked one of the following countries to probe ‘rights abuses’. Identify the country from the given option.
  • Pakistan
  • India
  • Sri Lanka
  • Syria

Answer:3

Happy Reading!!

TEAM CL

Jigyasa: Daily Current Affairs Quiz of Oct.2, 2015

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Dear Aspirants,

Here is the Jigyasa: Daily Current Affairs Quiz of Oct.2, 2015 for you!

  1. Name the 91-year-old woman who has been given the iconic mother award for successfully bringing-up her children despite great odds at ‘National Awards for Senior Citizens 2015’.
  • Bhargavi Gajjar
  • Keki Daruwalla
  • Tulip Joshi
  • Leelaben Chhabildas Gurjar

Answer: 4

2.Name the 104-year-old Man who was given ‘award for centenarian’ at ‘National Awards for Senior Citizens 2015’ for having rendered exemplary services for the betterment of the community and the society at large.

  • Uday Maan Singh
  • Uday Pratap Singh
  • Uday Singh Mann
  • Uday Pratap Joshi

Answer: 3

  1. Name the First Indian to get top Shanghai award in October, 2015.
  • Rangarajan Vellamore
  • Mahesh Rangarajan
  • Pasupati Rajan
  • Rajan Mahesh

Answer: 1

  1. Right Livelihood Awards is given in October, 2015 to Human rights and global crisis activists. This Award is also called as-
  • Alternative Award
  • Nobel Prize
  • Alternative Nobels
  • Galaxy Award

Answer: 3

  1. India has moved up 16 positions on global competitiveness index and ended the five years of decline. What is the present rank of India on global index of the world’s most competitive economies.
  • 51st
  • 52nd
  • 55th
  • 57th

Answer: 3

  1. Who among the following Indian industrialist has been felicitated by the city of Coventry with its highest award in recognition of his contributions to the West Midlands region of central England.
  • Ratan Tata
  • Azim Premji
  • Dhirubhai Ambani
  • Aditya Vikram Birla

Answer: 1

  1. Who among the following business tycoon has been honoured with the lifetime achievement award at the Forbes India Leadership Awards (FILA), 2015 on1st October, 2015?
  • Kenichi Ayukawa
  • RC Bhargava
  • Toshiaki Hasuike
  • Osamu Suzuki

Answer: 2

  1. Neyveli Lignite Corporation has set up its first 10 MW solar power plant in October, 2015 to explore renewable energy sources. Who is the present Chairman and MD of the NLC?
  • B Surender Mohan
  • V Surender Mohan
  • Mohan
  • Mohan

Answer: 1

 

 

  1. The International Day of Older Persons is celebrated on…
  • 30th September
  • 1st October
  • 2nd October
  • 5th October

Answer: 2

  1. Which among the following countries has emerged on top of the foreign direct investment league table in the first half of 2015?
  • China
  • UK
  • United States
  • India

Answer: 4

 

  1. Which of the following represents the present strength of World Trade Organization(WTO)?
  • 160
  • 161
  • 162
  • 163

Answer:3.

 

TEAM CL

 

Jigyasa: Daily Current Affairs Quiz of 1st OCT, 2015

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Jigyasa GK Quiz 1stOCT
Jigyasa GK Quiz 1stOCT
 

Dear Aspirants ,

Here is the Jigyasa: Daily Current Affairs Quiz of October 1, 2015 for you!

  1. Which of the following Countries has successfully launched 20th new generation satellite for its BeiDou Navigation system?
  • UK
  • India
  • USA
  • China

Answer: 4

 

  1. Name the Indian American academic has been named a 2015 MacArthur Fellow in September 2015?
  • Kartik Chandran
  • Vinay Chandran
  • Pranay Chandran
  • None of the above

Answer: 1

 

  1. Government on 30th September, 2015 released a commemorative postal stamp on the name of one of the following personalities. Identify him.
  • Ashoka
  • Mahatma Gnadhi
  • Dr BR Ambedkar
  • Lal Bahdur Shastri

Answer: 3

  1. Which among the following countries is set to host the G20 Chair in 2018?
  • China
  • India
  • Germany
  • Japan

Answer: 2

  1. Name the present MD & CEO of IDFC Bank
  • Anil Baijal
  • Rajiv Lall
  • Ashok Gulati
  • Gautam Kaji

Answer: 2

  1. At what percent the Reserve Bank on 30th September, 2015 fixed the applicable rate of interest charged by NBFC-MFIs for the quarter starting from 1st October, 2015.
  • 82 per cent
  • 92 per cent
  • 28 per cent
  • 82 per cent

Answer: 4

  1. Foreign owned assets in India rose to which value in April-June quarter of 2015-2016 as against the last three months of the previous fiscal, according to RBI data?

 

  • 1 billion
  • 2 billion
  • 4 billion
  • 5 billion

Answer: 4

 

  1. Which of the following states has imposed a surcharge of Rs 2 on petrol and diesel while VAT on liquor, cigarettes and beverages have also been raised by 5 per cent to raise more funds for tackling drought in the state on 30th September, 2015?
  • Rajasthan
  • Madhya Pradesh
  • Maharashtra
  • Gujarat

Answer: 3

 

  1. Which of the following State-run lenders has trimmed their base or minimum lending rates by up to 0.40 per cent in response to RBI’s policy rate cut?
  • Punjab National Bank
  • Bank of Baroda
  • Oriental Bank of Commerce
  • IDBI Bank

Answer: 1

  1. Who among the following has clinched the gold medal in women’s 10m air pistol at the 8th Asian Air Gun Championship in September, 2015
  • Shweta Singh
  • Seon A Kim
  • Heena Sidhu
  • None of the above

Answer: 3

Happy Reading!

TEAM CL

Jigyasa: Daily Current Affairs Quiz of 30th Sept, 2015

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GK Quiz
GK Quiz
 

Dear Aspirants, 

Here is the  Jigyasa: Daily Current Affairs Quiz of September 30, 2015 for you!

 

  1. The Union government launched the national institutional ranking framework in the country on 30th September, 2015. This is related to which of the following sectors?
  • Agriculture
  • Business
  • Industry
  • Education

Answer: 4

 

  1. What per cent of a project’s total cost has to earmark for planting of trees and shrubs along national highways under Green Highways Policy-2015?
  • 1%
  • 2%
  • 5%
  • 7%

Answer: 1

 

  1. Which of the following Cities of Afghanistan has been captured by Taliban on 28th September, 2015?
  • Kabul
  • Herat
  • Kandahar
  • Kunduz

Answer: 4

 

 

  1. Who is the present President of Afghanistan?
  • Hamid Karzai
  • Ashraf Ghani
  • Hamid Karzai
  • Abdul Qadir

Answer: 2

  1. Name the present Chief Executive of Microsoft.
    • Sundar Pichai
    • Sergey Brin
    • Satya Nadella
    • Marissa Mayer

Answer: 3

  1. Name the campaign launched by Union Finance Minister Arun Jaitley under Pradhan Mantri Mudra Yojana on 27th September, 2015.
  • Mega Debit Campaigns
  • Mega Credit Campaigns
  • Mega Service Campaigns
  • Credit Card Campaigns

Answer: 2

  1. Which among the following Indian companies has been selected as a member of the global Dow Jones Sustainability Index (DJSI) – 2015 on 29th September, 2015?
  • Infosys
  • HCL
  • Wipro
  • Cognizant

Answer: 3

 

 

  1. Which of the following Indian companies has been bond with UK’s Nationwide Building Society for providing a neural automation system?
  • TCS
  • HCL
  • Reliance
  • Carnival

Answer: 1

  1. Who among the following athletics has been conferred Arjuna Award, 2015 on 29th September, 2015
  • Babita Kumari
  • R. Poovamma
  • Krishna Poonia
  • Jwala Gutta

Answer: 2

  1. Which among the following sports shooter has clinched the silver in men’s 10m air pistol event at the 8th Asian Air Gun Championship on 29th September, 2015?
  • Jitu Rai
  • Sepehr Boroujeni Safari
  • Gagan Narang
  • Gurpreet Singh

 

Answer: 4

Happy Reading!!

TEAM CL

Jigyasa: Daily Current Affairs Quiz of September 29, 2015

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Dear Aspirants,

Here is the Jigysa: Daily Current Affairs Quiz of September 29, 2015 for you!

  1. Suresh Prabhu has launched the Indian Railway Knowledge Portal in September, 2015. Name the portal.
  • R-Portal
  • E-Portal
  • K-Portal
  • Rail-Portal

Answer: 3

  1. Which of the following Indian companies has signed a strategic Memorandum of Understanding (MOU) with Emirates Defence Industries Co. in September 2015?
  • JSW Group
  • DHL
  • Tata Power
  • Reliance

Answer: 4

  1. India’s first dedicated space observatory, was launched on 28th September, 2015 at 10 am from the spaceport of Sriharikota in Andhra Pradesh. Name the satellite.

 

  • ASTROSTAT
  • PSLV-01
  • MITRA SHAKTI
  • ASTRONAUT

Answer: 1

  1. Which of the following internet companies has announced a proposal for introduction of broadband connectivity, through Wi-Fi hotspots, at 100 railway stations on 28th September, 2015?
  • Yahoo
  • Google
  • Facebook
  • Netflix

Answer: 2

  1. V Shanmuganathan has been given an additional charge of Manipur after the demise of incumbent Syed Ahmed Khan who was the governor of Manipur. V Shanmuganathan is the present Governor of which of the following states?
  • Mizoram
  • Maharashtra
  • Meghalaya
  • Tripura

Answer: 3

  1. RBI governor Raghuram Rajan cut repo rate by 50 basis points to ……percent on 28th September, 2015
  • 70%
  • 75%
  • 20%
  • 25%

Answer: 2

  1. “Fighting poverty in Asia and the Pacific” is the motto of which of the following banks.
  • NIC Asia Bank
  • Advanced Bank of Asia
  • Asian Development Bank
  • Asian Housing Finance Limited

Answer: 2

  1. World Heart Day is celebrated on…..
  • 20th September
  • 25th September
  • 27th September
  • 29th September

Answer: 4

  1. Which of the following Cricketer has lent his voice to Swachh Bharat anthem?
  • Harbajan Singh
  • Sachin Tendulker
  • Virat Kohili
  • Kapil Dev

Answer: 2

 

 

  1. Exercise MITRA SHAKTI-2015 has been conducted from 29th September, 2015 at Pune. It is in continuation with the series of Joint Military Exercise between India and ……
  • Sri Lanka
  • China
  • Bangladesh
  • Nepal

Answer: 1

Happy Reading!!

TEAM CL

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