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Daily Quiz - 16 Aug 2015

Daily Quiz - 16 Aug 2015



Q 1089. The Wholesale inflation registered in July 2015 is _____.

A. -2.04%
B. -1.14%
C. -4.05%
D. -5.1%

ANSWER: C. -4.05%

Deflationary trends continued for the ninth month in a row in July with wholesale inflation plunging to a low of minus 4.05 per cent on cheaper vegetable and fuel. The WPI number follows retail inflation (CPI) data, which had slipped to a record low of 3.78 per cent in July. The overall wholesale price index-based (WPI) inflation was minus 2.40 per cent in June. It has been in the negative zone since November 2014. A year ago in July 2014, inflation was 5.41 per cent. During the month, pulses, milk, edible oil, egg, meat and fish turned dearer.

Q 1090. Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15?

A. Seven Plan
B. Maulik Niti
C. BankNiti
D. Indradhanush

ANSWER: D. Indradhanush

Indradhanush is a seven pronged plan that includes appointments, capitalisation, de-stressing PSBs, empowerment, framework of accountability and governance reforms.

Q 1091. Name the body of 'eminent' professionals and officials, which will replace the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairmen of PSBs?

A. NITI Aayog
B. NIYATAM
C. Bank Board Bureau
D. Bureau of Banking Standards

ANSWER: C. Bank Board Bureau

The government decided to set up a Bank Board Bureau, BBB through which two dozen state-run banks would be monitored for key performance indicators. The BBB will start the functioning from the 1st of April next year and the selection of its member will start in the next six months.

Q 1092. Who has allowed banks to tie up with insurers, to sell three products each from life, non-life and standalone health insurance segment?

A. RBI
B. SIDBI
C. NABARD
D. IRDAI

ANSWER: D. IRDAI

The Insurance Regulatory and Development Authority of India Member Nilesh Sathe announced that the decision will not be binding on banks who are free to take their call.

Q 1093. The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year.

A. 5%
B. 19%
C. 25%
D. 33%

ANSWER: C. 25%

Last year, the apex bank had transferred 52,679 crore rupees of its surplus profit to the Government.

Q 1094. The 2015 US-India Cyber Dialogue was held on 11-12th Aug’15 in which city?

A. New Delhi
B. Geneva
C. Washington DC
D. Berlin

ANSWER: C. Washington DC

The dialogue was held with an aim to increase global cyber security and promote the digital economy.


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