Econom and  Polic

India second largest importer of Swiss gold: As much as threefifths of Indias total gold
 imports in 2014 came from Switzerland reflecting a significant jump in just a couple of
 years India imported 4719 tonnes of gold from Switzerland in 2014 according to precious
 metals consultancy GFMS Thomson Reuters that quoted a countrybycountry breakdown of
 gold imports and exports released by the Alpine country for the first time since 1980
This represents 61% of Indias total gold imports of 769 tonnes last year as per World
Gold Council data  According to GFMS Thomson Reuters India was the secondlargest
 importer of gold from Switzerland in 2014 after Greater China (Hong Kong and Mainland
 China) that imported 5966 tonnes of Swiss gold India Mauritius to work to avoid
 abuse of DTAT: India and Mauritius in March 2015 announced to work together to
avoid the abuse of double taxation avoidance convention as the two countries agreed to
 push negotiations for a long pending revision of the treaty FDI in services sector
up 44% during AprilDecember: According to the Department of Industrial Policy and
Promotion (DIPP) data released on 8 March 2015 FDI inflows into the services sector
grew by 44 per cent to $ 229 billion in the AprilDecember period of the current fiscal
 The sector which includes banking insurance outsourcing RD courier and technology
testing had received foreign direct investment (FDI) worth $ 159 billion during
AprilDecember 201314 Per capita income rises to Rs 88533 in FY15: Minister of State
 for Statistics and Programme Implementation V K Singh informed the Parliament on
 26 February 2015 that Indias per capita income rose by 376 per cent to Rs 88533
in the last four years to 201415 Compared with 201314 national income and per capita
 income at current prices during 201415 are estimated to have grown by 115 per cent and
101 per cent respectively   The per capita income was at Rs 64316 in 201112;
 Rs 71593 in 201213; Rs 80388 in 201314 and Rs 88533 in the year 201415 Singh
 said in a written reply to a question in the Rajya Sabha  The national income in
 201415 stood at Rs 11217079 crore; Rs 10056523 crore in 201314; Rs 8841733
crore in 201213 and Rs 7846531 crore in 201112 Finance Commission suggests dedicated
panel on Government support for DFIs: The 14th Finance Commission in February 2015
recommended setting up of a dedicated committee for the financial sector to prepare the
framework for financial support to domestic financial institutions (DFIs) such as public
sector banks This suggestion came at a time when these banks need around Its 284 lakh
crore additional capital to meet the BASELIII requirement WTO farm talks: India China
say no to US differentiation concept: The US wants to introduce the concept of
differentiation of developing countries in the WTO negotiations on agriculture a move
that has been rejected by countries like India and China in February 2015  The concept
of differentiation makes a distinction between developing countries that have existing
domestic support programmes in agriculture that could influence global trends and other
 developing countries which do not have such schemes Insurance Bill passed by Lok Sabha:
The longpending Insurance bill a key economic reform legislation providing for raising
 foreign investment cap to 49 per cent was on 4 March 2015 passed by Lok Sabha The
controversial Insurance Laws (Amendment) Bill which seeks to replace an ordinance also
 provides for imprisonment of up to 10 years for selling policies without registration
with the regulator IRDA The proposed legislation will also allow PSU general insurers to
 raise funds from the capital market and provides for increased penalty to deter
multilevel marketing of insurance products The bill one of the key reform legislations
 has been pending since 2008  FDI of up to 49 per cent in the insurance sector includes
 foreign investment in the
forms of foreign portfolio investors foreign institutional investors qualified foreign
 investors foreign venture capital investor and nonresident Indians   A foreign player
can invest in insurance company insurance brokers third party administrators surveyors
 and loss assessors and other insurance intermediaries appointed under the provisions of
 IRDA Act 1999 DIP? clarifies rules for FDI in construction: To bring greater clarity to
 the foreign direct investment (FDI) norms for the construction sector the Department of
Industrial Policy  Promotion (DIPP) on 13 March 2015 defined the existing rules related
 to minimum capitalisation and exit clause with greater precision
Highlights of DIPP clarifications  DIPP specified that the minimum capitalisation norm
 for FDI in construction was project specific and not company specific This means that
the norm specifying that new FDI will be allowed only if the minimum cap of $5 million is
 achieved within six months refers to a particular project and not the company making the
 investment After the minimum capitalisation norms are met FDI can be brought in for a
 period of 10 years or till the project is completed  DIPP also specified details
related to the exit clause It stated that exit is permitted even before completion of
the project or development of trunk infrastructure with the approval of the Foreign
Investment Promotion Board on a case to case basis After the completion of the project
exit is permitted on an automatic basis  The government allows up to 100 per cent FDI in
 construction projects including townships housing and builtup infrastructure subject to
specific conditions
Sri Lanka India to partner on oil storage project: Sri Lankas staterun Ceylon Petroleum
Corporation (CPC) and the local subsidiary of Indian Oil Corp in March 2015 agreed to
develop a strategic oil storage facility in Trincomalee This agreement was
May2015
Banking  Current Affairs Update


Economy  Policy
r
signed during Prime Minister Narendra Moths visit to Sri Lankathe first visit to the
island nation by an Indian leader in nearly three decades Coal auction Round 1 set to
fetch over Rs 2lakh crore: The first round of auctions for 31 coal blocks has surpassed
the Centres expectations with proceeds set to cross Rs 2lakh crore including the
royalty amounts The sale of blocks belonging to two categories those already producing
(18) and those readytoproduce (13) which started on February 14 2015 ended on 9 March
2015  The Aditya Birla Group cornered the most number of blocks five bidding through
Hindalco and UltraTech  Naveen Jindals Jindal Power Ltd Anil Agarwals Vedanta Group
 and GMR won two blocks each
 Gautam Adanis Adani Power managed only one readytoproduce CCEA gives nod to extend
PDS Kerosene Domestic LPG Subsidy Scheme: The Cabinet Committee on Economic Affairs
 (CCEA) on 4 March 2015 gave its nod to extend the PDS Kerosene and Domestic LPG Subsidy
 Scheme 2002 for a period of one year that is up to 31 March 2015 It also approved
 extension of the Freight Subsidy Scheme 2002 for farflung areas till 31 March 2015 The Freight Subsidy Scheme 2002 provides for freight subsidy to PDS Kerosene and Domestic
LPG consumers in farflung areas These _ approvals will help in reducing the
underrecovery of the Oil Marketing Companies (OMCs)  Till date government was providing
a subsidy of 22 rupees 58 paise per 142 kg on LPG cylinder and 82 paise per litre on PDS
 Kerosene and Domestic LPG Subsidy Scheme Government cuts import tariff on gold sliver:
The Government on 14 March 2015 slashed the import tariff value on gold to $375 per
10 grams and silver to $512 per kg following a weak global price trend The decrease in
tariff value on imported gold was notified by the Central Board of Excise and Customs
block despite submitting bids for all the power sector blocks  Monnet Power Company won
the UtkalC coal block in Odisha for a bid price of Rs 770 a tonne CII signs agreement
with NUS to improve Indias rating on ease of doing business:The Confederation of Indian
 Industry (CII) signed a MoU with Lee Kuan Yew School of Public Policy National University
 of Singapore (NUS) on 19 March 2015 to improve Indias rating on ease of doing business
 The MoU aimed to enhance the ease of doing business and bring the rating of India amongst
 the top 50 countries from the present 142nd slot as per World Bank Report India among 5
 nations accounting for half of worlds hungry: According to a report released by the
 International Food Policy Research Institute (IFPRI) on 18 March 2015 Five middleincome

countries (MICs) which displayed strong economic growth in 2014 India Brazil China
Mexico and Indonesia account for 363 million or a half of the worlds hungry Of the
five countries highlighted in the IFPRI study India measured poorest in terms of stunted
 children at 479 per cent as compared to 356 per cent in Indonesia 14 per cent in
 Mexico 94 per cent in China and 71 per cent in Brazil KVIC RSETIS sign MoU to
provide vocational training to unemployed youth: The Khadi  Village Industries Commission
(KVIC) on 20 February 2015 signed a Memorandum of Understanding (MoU) with the Monitoring
Cell for Rural Self Employment Training Institutes (RSETIs) KVIC is under the Union
Ministry of Micro Small  Medium Enterprises and RSETI is under the Union Ministry of
Rural Development
Union Cabinet approves the implementation of 15000 MW Gridconnected SPV Projects under
NSM: The Union Cabinet on 25 February 2015 approved the implementation of the scheme for
setting up of 15000 Mega Watt (MW) Gridconnected Solar Photo Voltaic (SPV) Power projects
 under the National Solar Mission (NSM) The scheme will be implemented through National
Thermal Power Corporation (NTPC) and NTPC Vidyut Vyapar Nigam Limited (VVNL) in three
tranches
3 tranches  Tranche 1: 3000 MW of SPV plants will be completed under mechanism of Bundling
 of solar power (3000 MW) with Unallocated Coal based Thermal Power (1500 MW) in the
ration of 2:1  Tranche 2: 5000 MW will be completed with some support from Government to
 be decided after getting some experience while implementing TrancheI  Tranche 3
 remaining 7000 MW will be completed without any financial support from the Government
 The bundled power will be allotted to various States that come forward to:  Provide land
 for setting up the solar power projects and  Purchase a major portion of the bundled
solar power for consumption within the State  Ensure connectivity to the solar power
project
Government to revisit Jan Aushadhi scheme to expand reach: Health and Family Welfare
Minister J P Nadda informed the Rajya Sabha in March 2015 that the Jan Aushadhi scheme
 which seeks to provide quality medicine at affordable price is being revisited to expand
its reach across the country Under the scheme medicine stores were opened across the
country but only 96 are functioning as on date
 The aim of Jan Aushadhi scheme is to make available quality medicines at affordable
 prices for all especially the poor and the disadvantaged  Under this campaign less
 priced quality unbranded generic medicines will be made available through Jan Aushadhi
stores which inherently are priced low but of equivalent quality efficacy and safety as
 compared to branded generic medicines
mAmN
Banking  Current Affairs Update
May2015 31



Economy  Policy
Twelve smart cities to come up at ports with Rs 50kcrore investment: Minister for Road
Transport Highways and Shipping Nitin Gadkari on 22 February 2015 announced that the
 government is working on an ambitious plan to build one smart city each at the countrys
 12 major ports at an estimated total investment of Rs 50000 crore
Smart Cities • These cities will be built as per international standards and have wide
roads green energy advanced townships and greenery • In addition these smart cities
and ports will have egovernance links international standard facilities special
 economic zones ship breaking and ship building centres besides allied things he said
 • The 12 major ports in the country Kandla Mumbai JNPT Mormugao New Mangalore
Cochin Chennai Ennore V 0 Chidambarnar Visakhapatnam Paradip and Kollcata
(including Haldia)  handle approximately 61 per cent of cargo traffic • The Ministry has
 plans to encourage setting up of some bio diesel plants at these ports including Haldia
 where bio diesel will be made from palm oil residue • As part of its plan to revamp the
countrys top 12 ports the Centre has already asked the ports to prepare land data base
and development plans to achieve international operating standards • The ports have also
 been asked to come up with a shelf of projects to augment their capacity to 1600 million
tonnes from the present about 800 million tonnes
Maharashtra Cabinet okays plan to issue Aadharlinked ration cards: Maharashtra Cabinet
on 3 March 2015 approved the proposal to issue Aadharlinked ration cards in a bid to
curb fake beneficiaries and bring in transparency in the public distribution system (PDS)
 Under this Rs 17372 croreworth twophased programme Aadharlinked ration cards will be
 distributed and all PDS outlets across the state will be connected with a mobile terminal
 IV1011111
32 May2015
technologyenabled biometric network • With the commencement of this initiative
 Maharashtra will be the third state in the country after Punjab and Gujarat where the
 Centreinitiated scheme of Aadharlinked ration cards is being implemented to strictly
monitor the benefits under the National Food Security Act 2013 GAAR to incorporate OECD
 initiatives norms on tax avoidance: The Government proposes to come out with a modified
 General AntiAvoidance Rules by incorporating provisions of the OECDs BEPS project so as
to effectively deal with the problem of tax avoidance by MNCsThe BEPS initiative aims to
 ensure that taxes are paid where profits are made Multinational companies use a wide
range of cross border tax planning techniques that result in little or tax liability and
such results are referred to as Base Erosion and Profit Shifting • The G20 countries
include Argentina Australia Brazil Canada China France Germany India Indonesia
Italy Japan Republic of Korea Mexico Russian Federation Saudi Arabia South Africa
Turkey United Kingdom United States and the European Union Governments STEP scheme
benefits over 24000 women this fiscal: Union Minister of Women and Child Development
Maneka Gandhi on 27 February 2015 informed the Lok Sabha that the Governments STEP
scheme aimed at providing employability skills to women has covered over 24000
beneficiaries so far in the current fiscal • The Support to Training and Employment
Programme (STEP) scheme aims to provide employability skills to women as well as provide
 competencies to enable them to become selfemployed • Assistance under the scheme would
be available in any sector including agriculture horticulture food processing handlooms
 and tailoring • Financial assistance to meet up to 90 per cent of the project cost is
sanctioned by the government and the remaining portion borne by the implementing agencies
 Land acquisition Bill gets Lok Sabha nod: The Lok Sabha on 10 March 2015 passed
 farreaching amendments to the Right to Fair Compensation and Transparency in Land
 Acquisition lawThe amendments include doing away with consent clause and also the
requirement of social impact assessments before notification of the acquisitionln another
significant move the Centre dropped an earlier proposal that talked about government
 being required to acquire land for private hospitals and private educational institutions
 • The 2013 law stipulates land acquisition for government projects and private companies
 only after securing 80 percent consent from farmers (70 percent in case of public private
 partnerships) 211 SEZ developers get more time to execute projects: The Board of Approval
 (BoA) in February 2015 gave more time to 211 special economic zone (SEZ) developers
 during the last three years to execute their projects The BoA a 19member
interministerial body headed by Commerce Secretary Rajeev Kher deals with SEZ related
 issues It provides single window clearance mechanism to developers and units in these
 zones Rajya Sabha passes Bill to ease eviction from public land: The Rajya Sabha on 24
 February 2015 passed the Public Premises (Eviction of Unauthorised Occupants) Amendment
 Bill The Bill will help public transport companies to evict unauthorised occupants from
 public land without procedural delays It will empower Delhi Metro Rail Corporation
other Metros Public Transport Companies Companies of Delhi Government New Delhi
Municipal Council and successors to Major Port Trusts to get their properties and premises
evicted of unauthorised companies in a speedy manner Clean energy share will rise to
15% of energy mix in 7 yrs: Addressing the joint sitting of Parliament President Pranab
 Mukherjee on 23 February 2015 said that the share of renewable power generation will be
 enhanced to 15 per cent of the total
Banking  Current Affairs Update



energy mix in the next seven years The Power sector has achieved 76 per cent capacity
addition by January 2015 against the 201415 target of 17830 MW
•    In order to provide 24x7 quality power in rural and urban areas the Deendayal
Upadhyaya Gram Jyoti Yojana with an outlay of more than Rs 43000 crore and the Integrated
 Power Development Scheme with an outlay of Rs 32600 crore have been launched
Black Money Bill gets Cabinet approval: The Union Cabinet on 17 March 2015 approved a
landmark Bill to squarely deal with unaccounted money stashed away by Indians in banks
abroad The Bill will seek to amend the antimoney laundering law to enable attachment
 and confiscation of equivalent assets in India in cases where the ones located abroad
 cannot be forfeited As per the Bill
•    The offence of concealment of income or evasion of tax in relation to a foreign
asset will be made a predicate offence under the Prevention of Money Laundering law
 Enforcement agencies can then attach and confiscate unaccounted assets and launch
prosecution against persons indulging in money laundering
•    Concealment of income and assets and evasion of tax on foreign assets will be
prosecutable with punishment of rigorous imprisonment up to ten years
vThis offence will be made noncompoundable and penalty for such concealment of income and
 assets at 300 per cent tax would be levied The offenders will not be permitted to
approach the Settlement Commission
•    The foreign exchange management Act (FEMA) will be amended to the effect that if
 any foreign exchange foreign security or immovable property situated outside India is
 held in contravention of this law action may be taken for seizure and eventual
confiscation of assets of equivalent value situated in India
•    Such contraventions will be liable for levy of penalty and prosecution with
imprisonment up to five years
Union Cabinet approves Pradhan
Mantri Kaushal Vikas Yojana: The
Union Cabinet approved the Pradhan
 
Mantri Kaushal Vikas Yojana (PMKVY) on 19 March 2015 with an outlay of 1500 crore rupees
 The programme aims to impart skill training to youth with focus on first time entrants to
 the labour market and class 10 and class 12 drop outs
•     The scheme will cover 24 lakh persons and skill training would be based on the
 National Skill Qualification Framework (NSQF) and industry led standards
vThe programme will be implemented by the Union Ministry of Skill Development and
Entrepreneurship through the National Skill Development Corporation (NSDC) training
partners
RBI to issue Rs 5 coins to mark 125th Nehru anniversary:RBI will shortly put into
circulation Rs 5 coins minted by the Government of India to commemorate 125th birth
anniversary of Pandit Jawaharlal Nehru
•    Observe of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre
with Satyamev Jayate inscribed below along with the word Bharat in Devanagari script and
 INDIA in English
•    It will also bear the Rupee symbol and denominational value Rs 125 in the
 international numerals below the Lion Capitol
vThe reverse of the coin shall bear the portrait of Jawaharlal Nehru and bear the
 inscription 125 the birth anniversary of Jawaharlal Nehru in English with the years
figure 18892014 written below the portrait in international numeral
Ratan Tata to head Kayakalp Council for transforming Railways: In keeping with his
Budget announcement Railway Minister Suresh Prabhu in March 2015 constituted the
Kayakalp Council and appointed industrialist Ratan Tata as its head In perhaps a
first the Minister also included two key employee representatives in the council The
purpose of the council is to recommend innovative methods and processes for the
improvement betterment and transformation of the Indian Railways
Government launches Rs 200 crore scheme for innovation in agroindustry: The government
 in March 2015 launched a Rs 200 crore scheme to set up a network of technology and
incubation centres to accelerate entrepreneurship and promote startups for innovation
and entrepreneurship in agroindustry
Union Cabinet approves the Undisclosed Foreign Income and Assets Bill: The Union Cabinet
on 17 March 2015 approved the Undisclosed Foreign Income and Assets (Imposition of Tax)
 Bill 2015 to deal with cases relating to black money stashed away in other countries
 The highlights of the Bill are:
•    Concealment of income and assets and evasion of tax in relation to foreign assets
 will be prosecutable with punishment of rigorous imprisonment up to 10 years
•    Penalty for such concealment of income and assets at the rate of 300% of tax shall
 be levied
•    The government will give a short window to those stashing black money abroad to
declare their wealth pay taxes and penalty and escape prosecution under the proposed law

•    Non filing of return or filing of return with inadequate disclosure of foreign
assets will be liable for prosecution with punishment of rigorous imprisonment up
to 7 years    01t OF coisto    •••
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Model Solved Paper        
        NIACL Assistant Exam 18012015
       

 
GENERAL AWARENESS
1 The maiden flight of Vistara Airlines the newly formed joint venture of the Tata group
 with Singapore Airlines recently flew between
(1)    Mumbai and Ahmedabad
(2)    New Delhi and Ahmedabad
(3)    Chennai and Bengaluru
(4)    Bengaluru and Mumbai
(5)    New Delhi and Mumbai
2 Which of the following is the principal financial institution for the promotion
financing and development of the MSME sector in India?
(1) EXIM Bank    (2) SIDBI
(3) NABARD    (4) DICGC (5) BCSBI
3 The UN climate summit 2014 was recently held in —
(1) Lima Peru    (2) Paris France
(3) Geneva Switzerland    (4) Ottawa Canada
(5) Vienna Austria
4 The Government of India plans to reduce stakes in stateowned banks to 52 percent by
the year —
(1) 2018    (2) 2017
(3) 2016    (4) 2015    (5) 2019
5 The Central Bank of Canada is named as the
(1) Federal Reserve of Canada
(2) Reserve Bank of Canada    (3) National Bank of Canada
(4) Bank of Canada    (5) Royal Bank of Canada
6 As per a recent report on Trends in Global CO emissions released by Netherlands
Environmental Assessment Agency (PBL) the highest contributor to the global CO emissions
 is
(1) Russia    (2) China
(3) European Union    (4) USA    (5) India
7 The Bank for International Settlements (BIS) is an international organisation
 It fosters international monetary and financial cooperation and serves as a bank for
Central banks BIS is headquartered in
(1) Geneva Switzerland    (2) Basel Switzerland
(3) New York USA    (4) Vienna Austria
(5) Rome Italy
8 The official currency of the Kingdom of Spain is (1) Dinar    (2) Rial
(3) Ruble    (4) Euro    (5) Krone
9 Santiago is the capital and largest city of
(1)    Republic of Chile
(2)    other than those given as options
(3)    Republic of Brazil    (4) Republic of Poland
(5) Republic of Austria
10 Which of the following institutions is not a regulatory authority?
(1)    Forward market Commission (FMC)
(2)    Indian Banks Association (IBA)
(3)    Reserve Bank of India
(4)    Securities and Exchange Board of India (SEBI)    (3)
(5)    Insurance Regulatory and Development Authority of 21 India (IRDA)
11 The Cabinet Minister for Steel and Mines in the revamped Union Council of Ministers
is
(1) Shri Ram Vilas Paswan    (2) Shri J P Nadda
(3) Shri Anant Geete    (4) Shri Anant Kumar
34 May2015


(5) Shri Narendra Singh Tomar
12 According to the Companies Act 2013 the minimum paidup share capital requirement for
 a public company to commerce business in India is
(1) Rs 25 lakh    (2) Rs 10 lakh
(3) Rs 201akh    (4) Rs 151akh (5) Rs 5 lakh
13 The Reserve Bank of India has recently raised the card limit for issuance of Prepaid
 Payment Instruments (PPI) from Rs 50000 to
(1) Rs 150000    (2) Rs 100000
(3) Rs 125000    (4) Rs 60000
(5) Rs 75000
14 El Captain considered to be the largest monolith of granite in the world which
rises more than 3000 feet (914 metres) above the Yosemite Valley Boor is located in
(1) Virginia USA    (2) Texas USA
(3) California USA    (4) Colorado USA
(5) Washington USA
15 The book One Life is Not enough is an autobiography by
(1) Shri Dilip Kumar    (2) Shri Yashwant Sinha
(3) Shri Naseeruddin Shah    (4) Shri Jaswant Singh
(5) Shri K Natwar Singh
16 As per the guidelines issued by the Reserve Bank of India the proposed
Payments Banks will be allowed to open small savings accounts primarily from the
 unbanked and underbanked population upto a maximum of
(1)    Rupees Ten Thousand per individual customer
(2)    Rupees One lakh per individual customer
(3)    Rupees One Thousand per individual customer
(4)    Rupees Ten lakh per individual customer
(5)    Rupees Fifty Thousand per individual customer
17 Which of the following is the term used to describe the process by which a
policyholder can transfer all rights title and interest under a life insurance
policy ?
(1) Pledge    (2) Securitization
(3) Assignment    (4) Nomination
(5) Hypothecation
18 The index `TOPIX is a benchmark stock market index for
(1) Toronto stock market    (2) Singapore stock market
(3) American stock market    (4) Shanghai stock market
(5) Tokyo stock market
19 Who amongst the following is the youngest IBSF World Snooker Champion ?
(1) Aamir Sarkhosh of Iran    (2) Yan Bingtao of China
(3) Pankaj Advani of India    (4) Zhao Xintong of China
(5) Mohammad Sajjad of Pakistan
20 The sportsmans Anirban Lahiri is associated with the
game of
Golf    (2) Athletics
Tennis    (4) Hockey    (5) Football
Which of the following is the largest Indian company in terms of revenue?
Indian Oil Corporation Limited
Bharat Petroleum corporation Limited
State Bank of India
Reliance Industries Limited


Model Solved Paper Go NIACL Assistant Exam 18012015


(5) Hindustan Petroleum Corporation Limited
22 Vishwanathan Anand recently won his maiden London
Classic (2014) title after defeating British Grandmaster
(1) Anis h Giri    (2) Magnus Carlsen
(3) Michael Adams    (4) Vladimir Kramnik
(5) Fabian° Caruana
23 Who amongst the following has recently been appointed as the first ViceChairman of
the newly formed NTTIAayog?
(1) Montek Singh Ahluwalia (2) Arvind Panagariya (3) Bibek Debroy    (4) Sindhushree
Khullar
(5) V K Saraswat
24 The minimum paid up capital required to set up a health insurance company in India
is
(1) Rs 50 crore    (2) Rs 250 crore
(3) Rs 500 crore    (4) Rs 300 crore
(5) Rs 100 crore
25 Accepting the long pending demand of the overseas citizens of India the Government of
 India has recently withdrawn the notification relating to the
(1) PIO cards    (2) OCI cards
(3) GCC cards    (4) Aadhaar cards
(5) NPR cards
26 In the global financial market CP is a money market instrument issued as an
unsecured promissory note with a fixed maturity of not more than 270 days The alphabet
C in the abbreviation `CP stands for
(1) Certificate    (2) Capital
(3) Commercial    (4) Commodity
(5) Convertible
27 Which of the following is the name of the typhoon that hit the central Philippines
 east coast in the first week of December 2014?
(1) Helen    (2) Hudhud
(3) Lehar    (4) Nilofar
(5) Hagupit
28 The 19th National Youth Festival 2015 was recently held in (1) Guwahati Assam   
(2) Kolkata West Bengal
(3)    Jaipur Rajasthan
(4)    Gandhinagar Gujrat
(5)    Mumbai Maharashtra
29 Which of the following committees that has recently submitted its report was setup
 to suggest ways and means to raise the revenue of Indian Railways?
(1)    Y V Reddy Committee
(2)    D K Mittal Committee
(3)    Bezbaruah Committee
(4)    Madhav Menon Committee
(5)    Bimal Jalan Committee
30 Which of the following institution is responsible for protection of the interests of
 investors in securities and to promote the development of the securities market in India?

(1) PFRDA    (2) RB1
(3) FMC    (4) IRDA
(5) SEBI
31 The Direct Benefit Transfer of LPG (DBTL) scheme has now been modified and renamed as



(1) Badta    (2) Pahal
(3) Paras    (4) Prayas    (5) Pushpak
32 The Central government plans to launch a Rashtriya Avishkar Abhiyan or National
Innovation Mission to inculcate a desire for
(1) Society oriented learning    (2) Enquirybased learning
(3)    Job oriented learning
(4)    Employment oriented learning
(5)    Academics oriented learning
33 Which of the following shareholder category has a majority stake in the capital of
United India Insurance Company Limited?
(1)    Mutual Funds/Life Insurance Corporation of India
(2)    NRI/ Foreign Institutional Investors
(3)    Central Government
(4)    Individuals/ Corporates
(5)    Public sector Banks/Financial Institutions
34 BHEL has recently commissioned the 28 MW Nyaborongo Hydro Electric Project (214 MW)
in
(1) Lisbon Portugal    (2) Kabul Afghanistan
(3) Angola Africa    (4) Sudan Africa
(5) Rwanda Africa
35 The Government has decided to decriminalise attempt to suicide by deleting
(1)    Section 309 of the Indian Penal Code
(2)    Section 319 of the Indian Penal Code
(3)    Section 319 of the Criminal Procedure Code
(4)    Article 309 of the Constitution of India
(5)    Section 390 of the Criminal Procedure Code
36 The Salim Ali Bird sanctuary is located in the Indian state of
(1) Madhya Pradesh    (2) Assam    (3) Gujarat
(4) Maharashtra    (5) Goa
37 John OKeefe has been awarded the 2014 Nobel Prize for (1) Medicine    (2) Economics
(3) Chemistry    (4) Physics    (5) Literature
38 The chief regulator of the Index Futures market in India is
(1)    Securities and Exchange Board of India (SEBI)
(2)    Clearing Corporation of India (CCI)
(3)    Insurance Regulatory and Development Authority of India (IRDA)
(4)    Forward markets Commission (FMC)
(5)    Reserve Bank of India (RBI)
39 The United Nations Environment Programme (UNEP) is an agency of the United Nations
It has its headquarters in
(1) Paris France    (2) Vienna Austria
(3) New York USA    (4) Nairobi Kenya
(5) Rome Italy