Current Affairs Questions and Answers - Feb 04, 2015

Current Affairs Questions and Answers - Feb 04, 2015


Q1. 67th Anniversary of Independence of the Democratic Socialist Republic of Sri Lanka is being observed on ____.

A. February 4, 2015
B. February 5, 2015
C. February 3, 2015
D. February 6, 2015

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ANSWER: A. February 4, 2015.



Q2. The 52nd General Council Meeting of NCERT will be held in which city?

A. New Delhi
B. Odisha
C. Bhopal
D. Bangalore

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ANSWER: A. New Delhi



Q3. Who has been appointed as new Urban Development Secretary on 3rd Feb’15?

A. Aradhna Jouhari
B. Jitendra Kumar
C. Jayant Sinha
D. Madhusudan Prasad

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ANSWER: D. Madhusudan Prasad.

He is an IAS Officer of 1981 batch belonging to Haryana cadre was Special Secretary in the Ministry of Commerce before moving over to new ministry.



Q4. As per the sixth bi-monthly monetary policy statement made by RBI in Mumbai on 3rd Feb’15, by what basis points Statutory Liquidity Ratio has been slashed?

A. 25 basis points
B. 35 basis points
C. 50 basis points
D. Unchanged

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ANSWER: C. 50 basis points.

The RBI has decreased SLR of scheduled commercial banks by 50 bps to 21.5% to improve the liquidity in the market.



Q5. As per the sixth bi-monthly monetary policy statement made by RBI in Mumbai on 3rd Feb’15, by what basis points Repo Rate has been changed?

A. 25 basis points
B. 35 basis points
C. 50 basis points
D. Unchanged

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ANSWER: D. Unchanged.



Q6. Reserve Bank of India has estimated the Current Account Deficit (CAD) for 2014-15 at ___ percent of the GDP on 3rd Feb’15.

A. 2.3%
B. 1.3%
C. 6.9%
D. 6.5%

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ANSWER: B. 1.3%



Q7. The first bi-monthly monetary policy statement for fiscal year 2015-16 is scheduled on which month?

A. March
B. May
C. April
D. August

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ANSWER: C. April.

The first bi-monthly monetary policy statement for fiscal year 2015-16 is scheduled on 7th April, 2015.



Q8. Name the head of the committee constituted by the Reserve Bank of India on 3 February 2015 to evaluate applications received for the proposed small finance banks?

A. R Gandhi
B. Usha Thorat
C. Dr. Nachiket Mor
D. None of these

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ANSWER: B. Usha Thorat.

She is a former Deputy Governor of RBI.



Q9. Name the head of the committee constituted by the Reserve Bank of India on 3rd Feb’15 to evaluate applications received for payment banks?

A. Dr. Nachiket Mor
B. Dr. Urjit Patel
C. S Mundra
D. Raghuram Rajan

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ANSWER: A. Dr. Nachiket Mor.

He is a Director of Central Board, RBI.



Q10. What is the new Eligibility limit for Foreign Exchange Remittances under Liberalized Remittance Scheme announced by the RBI on 3rd Feb’15?

A. $ 2,00,000
B. $1,25,000
C. $3,00,000
D. $2,50,000

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ANSWER: D. $2,50,000.

Earlier the limit was $1,25,000 per year per person. Now it has increased to $2,50,000.



Q11. Name the first country to Introduce Law for the Creation of Baby from Two Women and One Man?

A. China
B. United Kingdom
C. France
D. Russia

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ANSWER: B. United Kingdom.

This process will reduce genetic diseases from mother to Child. This proposal was accepted by 382 MPs and 128 MPs were against this.



Q12. Cash on Delivery (COD) scheme has been launched by IRCTC for the purpose of ______.

A. Booking of Waiting Room Tickets
B. Booking of Tatqal Quota Tickets
C. Booking of Train Tickets
D. Booking of IRCTC Food

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ANSWER: C. Booking of Train Tickets.

This facility is available in more than 200 cities. Main aim is to make the bookings faster. New Website launched for this purpose is www.bookmytrain.com.



Q13. As per the Hurun Global Rich List of billionaire released on 3rd Feb’15, which country has maximum billionaires in the year 2014?

A. India
B. China
C. Switzerland
D. United States

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ANSWER: D. United States.

The United States led this list with as many as 537 billionaires. US was followed by China with 430 billionaires. India was third in the list with 97 billionaires.



Q14. Which state government has decided to provide free education to Scheduled Castes, Scheduled Tribes and girl students till Post Graduation level in the state?

A. Bihar
B. Uttar Pradesh
C. Kerala
D. Assam

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ANSWER: A. Bihar.

The government would reimburse the financial loss to such universities/colleges after gathering the actual information about it. This will cost the state exchequer Rs 29 crore annually.


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    Discussion

  • RE: Current Affairs Questions and Answers - Feb 04, 2015 -Vivek Dwivedi (04/28/15)
  • Dear Reader,

    First of all thanks for you feedback...With regards to your query of Ques, No 5 the SLR has been reduced to 50 basis points and below is the statement and link of RBI from which you can get better clarifications. Hence the answer mentioned is correct.

    Monetary and Liquidity Measures
    On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to:
    keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.75 per cent;
    keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL);
    reduce the statutory liquidity ratio (SLR) of scheduled commercial banks by 50 basis points from 22.0 per cent to 21.5 per cent of their NDTL with effect from the fortnight beginning February 7, 2015.

    https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=33144
  • A Confusion?? -AYUSH (04/27/15)
  • Is not the answer to question no.5 wrong????
    I read it was 25 points.....
    I just want to confirm if I am getting confused between two different reports....???????
  • RE: Current Affairs Questions and Answers - Feb 04, 2015 -abhimanyu (02/05/15)
  • thanku careerride
  • RE: Current Affairs Questions and Answers - Feb 04, 2015 -Gaurav Pal (02/04/15)
  • Thank u so much sir

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