1. Microcredit or microfinance is a novel approach to banking with the poor throughSelf Help Groups or SHGs. However, the Microfinance Institutions or MFI’s have nowreplaced the SHGs with JLGs. What does the JLG most commonly stands for?[A]Joint Lending Groups[B]Joint Liability Groups[C]Joint Local Groups[D]Joint Lenders Groups

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2. Which among the following service does not belong to Google?[A]Youtube[B]Blogger[C]Picnik[D]Xbox

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3. Consider the following:1. Repo Rate2. Reverse Repo Rate3. Cash Reserve Ratio4. Statutory Liquidity RatioWhich among the above are called Statutory Pre-emptions?[A]1 & 2[B]2 & 3[C]3 & 4[D]1 & 4

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4. Which among the following was the main objective of the Fiscal Responsibility andBudget Management Act, 2003?[A]Achieve Fiscal Surplus[B]Eliminate Revenue deficit[C]Eliminate Fiscal Deficit[D]Stop Money Laundering

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5. Which among the following body regulates Mutual Funds in India?[A]RBI[B]SEBI[C]NABARD[D]AMFI

Quiz 572: Current Affairs for IBPS Clerical Exam 20112011-10-27 11:10:04 GKToday

www.gktoday.in

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6. Which among the following is the venue of the recent (October 2011)Commonwealth Heads of Government meeting (CHOGM)?[A]Venice[B]Perth[C]Ottawa[D]Canberra

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7. Rajat Gupta, a prominent Indian-Americans recently surrendered before the FBI inNew York in the case of insider trading scam. He belongs to which among thefollowing companies?[A]Credit Suisse[B]Goldman Sachs[C]BNP Paribas[D]J.P. Morgan & Co.

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8. Cristina Fernández de Kirchner has been recently reelected for a second term asPresident of which among the following countries?[A]Brazil[B]Peru[C]Argentina[D]Chile

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9. NATO’s Operation Unified Protector was conducted in which among the followingcountries recently?[A]Egypt[B]Libya[C]Syria[D]Pakistan

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10. Recently, the Government has decided to launch a Dam Rehabilitation andImprovement Project (DRIP) for rehabilitation of 223 Dams in the States of Kerala,Madhya Pradesh, Orissa and Tamil Nadu with the assistance of which among thefollowing bodies?[A]World Bank[B]International Monetary Fund[C]Asian Development Bank[D]International Bank for Reconstruction and Development

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11. The Government has recently decided to augment the capital base of which

among the following institutions by infusing 3000 crore rupees as government’sequity?[A]SIDBI[B]EXIM Bank[C]NABARD[D]LIC

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Explanation12. Recently, the Government has decided to raise its quota in the InternationalMonetary Fund, IMF from 2.44 to which among the following fractions so that Indiawill be among the 10 largest quota share holders at the IMF?[A]2.75%[B]2.95%[C]3.15%[D]3.25%

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13. Recently, the Government has approved a new Manufacturing policy, which aimsto create one hundred million jobs in next 10 years. Government wants to lift theshare of manufacturing sector in the GDP to 25 per cent in the next decade. What isthe current (approximate) share of manufacturing sector in the GDP?[A]12%[B]16%[C]19%[D]21%

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14. National Optical Fiber Network will be providing broadband connectivity to whichamong the following?[A]Municipalities[B]Gram Panchayats[C]Panchayat Samitis[D]Nagarpalikas

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15. India has been providing assistance to which among the following neighbors forstrengthening and extension of embankments along Lalbakeya, Bagmati and Kamlarivers?[A]Bangladesh[B]Nepal[C]Pakistan[D]Myanmar

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