GK Eduwrap – 28th Oct 2015

Questions for Practice:

Ques:1. Georgia is older than her cousin Marsha. Marsha’s brother Bart is older than Georgia. When Marsha and Bart are visiting with Georgia, all three like to play a game of Monopoly. Marsha wins more often than Georgia does.

  1. When he plays Monopoly with Marsha and Georgia, Bart often loses.
  2. Of the three, Georgia is the oldest.
  3. Georgia hates to lose at Monopoly.
  4. Of the three, Marsha is the youngest.

Ques:2. In a two-digit, if it is known that its unit’s digit exceeds its ten’s digit by 2 and that the product of the given number and the sum of its digits is equal to 144, then the number is:

  1. 24
  2. 26
  3. 42
  4. 46

Ques:3. 8, 7, 11, 12, 14, 17, 17, 22, (….)

  1. 27
  2. 20
  3. 22
  4. 24

Ques:4. The central banking functions in India are performed by the

  1. Central Bank of India
  2. Reserve Bank of India
  3. State Bank of India
  4. Punjab National Bank

Choose the Correct Option

  1. I, II
  2. II
  3. I
  4. II, III

Ques:5. Revenue of the state governments are raised from the following sources, except

  1. entertainment tax
  2. expenditure tax
  3. agricultural income tax
  4. land revenue

Ques:6. Fiscal deficit in the Union Budget means

  1. the difference between current expenditure and current revenue
  2. net increase in Union Governments borrowings from the Reserve Bank of India
  3. the sum of budgetary deficit and net increase in internal and external borrowings
  4. the sum of monetized deficit and budgetary deficit

Ques:7. In the following the questions choose the word which best expresses the meaning of the given word.

RESTRAINT

  1. Hindrance
  2. Repression
  3. Obstacle
  4. Restriction

Ques:8. Running at the same constant rate, 6 identical machines can produce a total of 270 bottles per minute. At this rate, how many bottles could 10 such machines produce in 4 minutes?

  1. 648
  2. 1800
  3. 2700
  4. 10800.

Current Affairs & GK:

National:

1. Union Government has constituted a committee to simplify the provisions of the Income Tax Act (IT), 1961 under the Chairmanship of former Delhi High Court Judge, Justice R.V. Easwar.

2. The Eighth edition of National Seed Congress (NSC) has begun in Hyderabad to deliberate on advanced seed development technologies and regulatory measures.

3. The Union Finance Minister Arun Jaitley launched the e-Sahyog pilot project of the Income-Tax Department to facilitate taxpayers by reducing their need to physically appear before tax authorities.

4. Government of Andhra Pradesh declared 196 mandals (blocks) in seven districts as drought-hit out of the total 664 mandals spread across 13 districts of the state.

International:

1. Exim Bank announced that it will set up a development firm, the Kukuza Project Development Company (KPDC), in Africa to facilitate Indian participation in infrastructure projects across the continent.

2. The Russian Federal Space Agency, commonly called as Roscosmos, plans to launch a manned flight to the moon and the lunar landing is planned for 2029.

Sports:

1. Jammu and Kashmir Minister for Youth Services and Sports Molvi Imran Raza Ansari announced that Kashmir Valley will host South Asian Rugby 7’S Championship in 2016.

2. The International Olympic Committee (IOC) chief Thomas Bach announced that all the highly qualified athletes who are refugees will be allowed to compete in the Olympic Games.

This is for the first time that refugee athletes will be competing in any Olympic Games.

Awards & Recognition:

1. India has been placed at 130th position among the 189 countries in the recently released World Bank’s 2016 rankings of Ease of Doing Business Report.

Ranking of country in this list is based on index averages the country’s percentile rankings on 10 indicators each having equal weightage.

A higher ranking of country in this list means that its regulatory environment is more conducive and favorable for the starting and operation of firms.

Appointments:

1. Samiran Chakraborty has been appointed as Chief Economist of global banking major Citibank for India.

2. Luxembourg envoy to the United Nations (UN) Sylvie Lucas has been appointed as the next chair of the Inter-Governmental Negotiations (IGN) of UN Security Council Reforms.

Science & Technology:

1. Bengaluru-based Saankhya Labs Pvt Ltd. announced that it developed a chip, named as Pruthvi, to augment capacities of White-Fi devices.

Death:

1. Lord Gulam Kaderbhoy Noon, one of Britain’s most prominent Indian-origin peers and Curry King passed away in London. He was 79.

2. Irish-American actress Maureen O’Hara passed away peacefully in her sleep on 25 October 2015 in Boise, US. She was 95.

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