Current Affairs for NIACL AO Main Exam: 6th February 2019

Dear Aspirants,

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Current Affairs for NIACL AO Main 2018-19:

The General Awareness Section of Banking Exams covers numerous sections in it like Banking Awareness, Static GK, and Current Affairs. Most of the questions in GA appear from Current Affairs section. So it becomes important for you all to cover this particular section with sincerity and seriousness. The questions on Static and Banking Awareness are related to the countries, events or anything that has been in news for a while. Knowledge of current news also helps you deal with the PI (Personal Interview) more efficiently so you do not give a mumble jumble answer to the interviewee's simple questions. Here is a quiz on Current Affairs to let you assess your Current Affairs Knowledge.

Q1. Fitch Solutions, the research arm of Fitch Group, projected the government’s fiscal deficit to overshoot the budgeted target by 0.2% to ______of GDP in 2019-20 fiscal.

3.4%

3.5%

3.2%

3.8%

3.6%

Solution:

Fitch Solutions, the research arm of Fitch Group, projected the government’s fiscal deficit to overshoot the budgeted target by 0.2% to 3.6% of GDP in 2019-20 fiscal. It stated that 2019-20 Budget appears to show a strong populist bent in the run-up to the General election due by May 2019.

Q2. Which of the following state has occupied the top slot in the ranking of best practices followed by states in the Budget formulation, as per a survey by Transparency International?

Haryana

Gujarat

Assam

Sikkim

Uttarakhand

Solution:

Assam occupied the top slot in the ranking of best practices followed by states in the Budget formulation, followed by Andhra Pradesh and Odisha, as per a survey by Transparency International.

Q3. Which of the following state has become the first State to set up a Price Monitoring and Research Unit (PMRU) to track violation of prices of essential drugs and medical devices?

Delhi

Kerala

Odisha

Manipur

Assam

Solution:

Kerala has become the first State to set up a Price Monitoring and Research Unit (PMRU) to track violation of prices of essential drugs and medical devices under the Drugs Price Control Order (DPCO).

Q4. In which of the following city, a 6-day long music and dance festival ‘Sopan 2019’, to encourage young artists to take up traditional art took place?

Mumbai

Pune

Panaji

New Delhi

Bangalore

Solution:

The 6-day long music and dance festival ‘Sopan 2019’, to encourage young artists to take up traditional art took place in New Delhi. It was Organised by Sahitya Kala Parishad and the New Delhi government, in partnership with New Delhi Municipal Council (NDMC).

Q5. Which of the following city hosted the Kala Ghoda festival 2019, India’s largest multi-cultural street festival?

Mumbai

Visakhapatnam

Imphal

Dispur

Chennai

Solution:

The Kala Ghoda festival, India’s largest multi-cultural street festival begins in Mumbai to celebrate its 20 years of art and culture through cinema, theatre, dance, literature, and sculpture. Maneck Davar is Chairman of Kala Ghoda Association.

Q6. How many regional rural banks will be merged to form the Tamil Nadu Grama Bank as per the Finance Ministry notification?

Solution:

Two regional rural banks (RRBs) – Pallavan Grama Bank and Pandyan Grama Bank – will be merged to form the Tamil Nadu Grama Bank as per the Finance Ministry notification. The integration will be effective from April 1.

Q7. NBHC has released Kharif Crop estimation for the year 2018-2019. The pulses production is projected to __________.

10 million tonnes

9.10 million tonnes

9.60 million tonnes

12.50 million tonnes

7.75 million tonnes

Solution:

National Bulk Handling Corporation (NBHC) has released Kharif Crop estimation for the year 2018-2019. The total oilseeds production is estimated to be 19.87 million metric tonne which is 5.36 % lower as compared to the year 2018. The pulses production is projected to be dropped to 9.10 million tonnes.

Q8. Who has been appointed as the Chief Executive Officer (CEO) of the Corporation Bank?

P V Bharathi

Shikha Sharma

Pallav Mohapatra

J Packirisamy

Karnam Shekhar

Solution:

The former executive director of Canara Bank, P V Bharathi assumed charge as Chief Executive Officer (CEO) of the Corporation Bank. P V Bharati became the first woman CEO of the bank.

Q9. The Asian Development Bank (ADB) has bought a 14% stake in micro-financier ___________for Rs 137 crore.

Equitas Microfinance Pvt Ltd

Grameen Koota Financial Services Pvt Ltd

Grama Vidiyal Micro Finance Pvt Ltd

Annapurna Finance

Swadhaar FinServe Pvt Ltd

Solution:

The Asian Development Bank (ADB) has bought a 14% stake in micro-financier Annapurna Finance for Rs 137 crore, reinforcing the belief that India’s microfinance sector is on course to attract long-term funds from global lenders and investors.

Q10. In which of the following state the Indian Space Research Organisation (ISRO) unveiled its Human Space Flight Centre (HSFC) for its maiden manned space mission ‘Gaganyaan’?

Maharashtra

Gujarat

Karnataka

Tamil Nadu

Uttar Pradesh

Solution:

The Indian Space Research Organisation (ISRO) unveiled its Human Space Flight Centre (HSFC) at ISRO Headquarter campus in Bengaluru, Karnataka for its maiden manned space mission ‘Gaganyaan’. The space flight centre was inaugurated by K Kasturirangan, former ISRO Chairman.

Q11. Bengaluru-based AI startup Kint.io was acquihired by _________.

Paytm

Swiggy

Flipkart

Ola

Uber

Solution:

Food delivery startup Swiggy has acquihired Bengaluru-based AI startup Kint.io for an undisclosed amount.

Q12. Ministry of Coal of India entered into an MoU with the Ministry of Energy, _________.

Norway

Finland

Germany

Poland

Solution:

Ministry of Coal of India entered into an MoU with the Ministry of Energy, Poland. The objective of this MoU is to foster relations in the field of coal mining and clean coal technologies through the already established Joint Coal Working Group as well as research institutes and academia between the two countries.

Q13. At which of the following city Indo-Monaco Business Forum recently took place?

New Delhi

Fontvieille

Monte Carlo

La Condamine

Mumbai

Solution:

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu has inaugurated the Indo-Monaco Business Forum in New Delhi.

Q14. Who among the following has become the top-ranked batter in women’s ODI cricket, as per the latest rankings released by the ICC in February 2019?

Mithali Raj

Amy Jones

Sarah Taylor

Smriti Mandhana

Mihir Jain

Solution:

Indian women’s cricket team opener Smriti Mandhana has become the top-ranked batter in women’s ODI cricket, as per the latest rankings released by the ICC.

Q15. Monaco is ranked _______ among foreign direct investor in India (since April 2000 to June 2018) with USD 2.51 million FDI equity inflow.

90th

76th

21st

106th

101st

Solution:

Bilateral trade between India and Monaco in 2017-18 was USD 3.01 million, and there is immense potential to scale up the bilateral trade between the two nations. Monaco is ranked 106th among foreign direct investor in India (since April 2000 to June 2018) with USD 2.51 million FDI equity inflow.