Current Affairs and Gk -April 2013 Part-1
Current Affairs and Gk -April 2013
25. Which of the following flag symbolizes of the Tibetan independence movement?
[A]Snow Lion flag
[B]Red Dragon flag
[C]White Dog flag
[D]White Dragon flag
Snow Lion flag
The ‘Snow Lion flag’ or ‘Free Tibet flag’ or ‘Tibetan flag’, was a flag of the military of Tibet introduced in 1912 by the 13th Dalai Lama and was then used until 1959. The flag was designed symbolizes motif of Japanese military’s Rising Sun Flag. Since the 1960s, the flag symbolizes of the Tibetan independence movement.
26. If there is a steep fall in gold and oil prices, which among the following should be expected on macroeconomic level?
[A]Decrease in current account deficit
[B]Increase in current account deficit
[C]Increase in capital account deficit
[D]Decrease in capital account deficit
Decrease in current account deficit
When there is a steep fall in gold and oil prices, it would provide a relief to India’s external sector in the form of a decrease in current account deficit. This is because fall in prices in these sectors would ease the pressure on payments in foreign currency. However, it is not true for all economies of the world. While India is positively affected, the same can cause negative impact on few economies in the world such as Oil and Gold exporters. The rise and fall in these two commodities also has profound implications on balance of payments, inflation, monetary policy and interest rates, Forex rates, fiscal position, and consumption and savings, etc.
27. Recently, Vodafone India and which among the following banks have launched the “M-Pesa”, a mobile money transfer and payment service, in West Bengal, Bihar and Jharkhand?
[A]State Bank of India
[B]ICICI Bank
[C]HDFC Bank
[D]Axis Bank
ICICI Bank
Vodafone India and ICICI Bank have launched M-Pesa, a mobile money transfer and payment service, in West Bengal, Bihar and Jharkhand on 17.4.2013. They want to roll out this M-pesa on pan India level within one and half years. Using M-Pesa, a mobile wallet service, customers can transfer money to any mobile phone in India and remit money to any bank account in the country.
28. While promoting India as an investment destination, recently India’s Finance Minister said that the “financial protectionism” by the industrial countries is an issue of concerns. Which among the following best defines the Financial Protectionism?
[A]Imposing Tariffs and other barriers to trade
[B]Providing direct and indirect subsidies to farmers
[C]Imposing barriers to inward or outward capital flows
[D]Manipulating the foreign exchange rates
Imposing barriers to inward or outward capital flows
29. Which among the following cars is the fastest car of the world, as confirmed by the Guinness Book of World Records?
[A]Bugatti Veyron Super Sport
[B]McLaren F1
[C]Ferrari F40
[D]Porsche 959
Bugatti Veyron Super Sport
Bugatti Veyron Super Sport with a top speed of 431.072 km per hour is the world’s fastest car as per Guinness.
30. . Which among the following state is not a part of the Eastern Zonal Council?
[A]West Bengal
[B]Bihar
[C]Odisha
[D]Assam
Assam
Eastern Zonal Council comprises States of West Bengal, Odisha, Bihar and Jharkhand. Read about the Zonal Councils here:
31. It was recently reported in media that the National Pension Scheme (NPS) funds for government workers have not been able to beat the debt-based Employees’ Provident Fund (EPF) by a significant margin in last few years. Which among the following is the Fund manager for NPS?
[A]Kotak Pension Fund
[B]SBI Pension Fund
[C]UTI Retirement Solutions
[D]Kotak Pension Fund
UTI Retirement Solutions
32. Recently, the Income-Tax Department has found that several resident individuals in India have been floating companies in the British Virgin Islands (BVI), a tax haven, to evade taxes. Which among the following is / are also known as Tax havens?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1, 2 & 3
[D]1, 2, 3 & 4
1, 2, 3 & 4
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