Important Current Affairs GK Quiz for IBPS PO Exams 2016

Important Current Affairs GK Quiz for IBPS PO Exams (17th August 2016):

Dear Readers, Here we have given the Current Affairs GK questions based on the previous days Daily Current Affairs updates. Candidates those who are preparing for IBPS PO/RRB exam and all other Banking exams can use these questions.

1). Which is the Third state to ratify the GST Bill?

a) Uttarakhand

b) Andhra Pradesh

c) Jharkhand

Answer: c)
Explanation: A day-long session of Jharkhand Assembly has been convened to ratify Goods and Services Tax (GST) Bill passed by both Houses of Parliament recently.

2). National Green Highways Mission (NGHM) under NHAI has collaborated with which company for plantations work on NH 7 in Nagpur region?

a) Tata Power Company Ltd

b) Power Finance Corporation Ltd. (PFC)

c) Reliance Power Limited

d) Nuclear Power Corporation of India Limited

e) None of the above

Answer: b)
Explanation: National Green Highways Mission (NGHM) under NHAI has collaborated with Power Finance Corporation Ltd. (PFC) for plantations work on NH 7 in Nagpur region. PFC Ltd. has provided financial assistance of Rs. 13 crore for plantation and five year maintenance under their CSR funds.

3). Name the state which has approved the implementation of the recommendations of 7th Pay Commission, raising salaries of over 8.5 lakh state employees and pensioners, in a move that would cost Rs 8,513 crore annually to the exchequer.

a) Gujarat

b) Rajasthan

c) Maharashtra

d) Telangana

e) Tamil Nadu

Answer: a)
Explanation: Gujarat government has approved the implementation of the recommendations of 7th Pay Commission, raising salaries of over 8.5 lakh state employees and pensioners. The hike will cost 8,513 crore rupees annually to the exchequer.

4). Name the country which has joined the ranks of the world’s 25 most-innovative economies, while Switzerland, Sweden, the United Kingdom, the United States of America, Finland and Singapore lead the 2016 rankings in the Global Innovation Index.

b) South Korea

Answer: e)
Explanation: China has joined the ranks of the world’s 25 most-innovative economies, while Switzerland, Sweden, the United Kingdom, the United States of America, Finland and Singapore lead the 2016 rankings in the Global Innovation Index..

5). Theme of Global Innovation Index (GII) 2016 is

a) Human Factor in Innovation

b) Winning with Global Innovation

c) Effective Innovation Policies for Development

d) The Local Dynamics of Innovation

e) None of these

Answer: b)
Explanation: The Global Innovation Index (GII) has been released jointly by World Intellectual Property Organization (WIPO), Cornell University, INSEAD and the 2016 GII Knowledge Partners, the Confederation of Indian Industry (CII), du and A.T. Kearney.GII 2016 Theme: “Winning with Global Innovation”.

6). Indian Overseas Bank will be conducting an Extraordinary General Meeting (EGM) of shareholders of the Bank to issue equity shares to the Government of India to raise_______, as part of Centre's plans to infuse funds into the public sector lender.

a) Rs 5,551 crore

b) Rs 3,551 crore

c) Rs 1,351 crore

d) Rs 2,551 crore

e) Rs 1,551 crore

Answer: e)
Explanation: Indian Overseas Bank will be conducting an Extraordinary General Meeting (EGM) of shareholders of the Bank on September 15 to issue equity shares to the Government of India to raise Rs 1,551 crore, as part of Centre's plans to infuse funds into the public sector lender.

7). The Reserve Bank has imposed penalties of up to Rs ___ lakh on four cooperative banks for violation of various norms.

Answer: b)
Explanation: RBI said it has imposed a monetary penalty of Rs 5 lakh on The Cooperative City Bank, Guwahati, for flouting KYC norms and non-adherence to requirements relating to identification and reporting of suspicious transactions.

8). Tata Power Solar commissions 100 MW project for NTPC in which among the following states?

a) Karnataka

b) Madhya Pradesh

c) Andhra Pradesh

d) Telangana

e) None of these

Answer: c)
Explanation: Tata Power Solar, one of the country’s largest integrated solar companies, on Tuesday announced that it had successfully commissioned a 100 MW solar project for NTPC in Anantapur, Andhra Pradesh. This is the biggest solar project commissioned using domestically manufactured solar cells and modules, the company said in a release

9). Who among the following has been appointed as the Governor of Manipur recently?

a) Najma A. Heptulla

b) V. Shanmuganthan

c) Banwarilal Purohit

d) Balakrishna Acharya

e) Kaptan Singh Solanki

Answer: a)
Explanation: Najma A. Heptulla who resigned last month from the Union Cabinet, has been appointed as the Governor of Manipur, replacing V. Shanmuganthan

10). Which country launched the first-ever quantum satellite to help develop an unhackable communications system?

Answer: d)
Explanation: China launched the first-ever quantum satellite on Aug. 15 to help develop an unshakable communications system. The nation's Quantum Experiments at Space Scale (QUESS) spacecraft lifted off atop a Long March-2D rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert.

11). Who won against world number two Wang Yihan of China in the badminton women’s singles quarter-finals to enter the semi-finals of the Rio 2016 Olympics?

a) Carolina Marin

b) Saina Nehwal

c) Li Xuerui

d) PV Sindhu

e) Jwala Gutta

Answer: d)
Explanation: India’s PV Sindhu showed remarkable skills to upset world number two Wang Yihan of China in the badminton women’s singles quarter-finals to enter the semi-finals of the Rio 2016 Olympics.

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