Current Affairs July 2010

1. With reference to bank rate,consider the following statements:

1) Bank rate is the rate at which RBI lends money to the commercial banks.

2) Whenever RBI increases its rates,the effect willial banks.In this case be shown on the comer, the commercial banks have to increase the interest rates for their profits.

3) Bank rate is also called as the discount rate.

4) The present bank rate is 6%.

Which of the statements given above is/are correct?

a) 1 & 2 only

b) 2 & 3 only

c) 3 & 4 only

d) All of the above

e) None of these

2. The new president of Philippines?

a) Gloria Macapagal-Arroyo

b) Benigno Aquino

c) Alvaro Uribe

d) Lee Myung-bak

e) Naoto Kan

3. The first women President of Kyrgyzstan?

a) Roza otunbayeva

b) Julia Gillard

c) Kamla Persad-Bissessar

d) Ellen Johnson Sirleaf

e) Cristina Fernandez de Kirchner

4. The International Finance Corporation(IFC) is the private lending arm of_______

a) International Monetary Fund(IMF)

b) International Labour Organization(ILO)

c) World Trade Organization(WTO)

d) United Nations Organization(UNO)

e) World Bank(IBRD)

5. Which one of the following is the United Nations Entity for Gender Equality and the Empowerment of Women,created by the United Nations General Asembly in July 2010?

a) UNICEF

b) UNESCO

c) UNDP

d) UN Women

e) None of These

6. 2010 SCO summit was held at _____in June 2010.

a) Beijing

b) Tashkent

c) Astana

d) Shanghai

e) Moscow

7. Where is Davos?

a) Sweden

b) Norway

c) Switzerland

d) Spain

e) None of These

8. State Bank of India(Subsidiary Banks) Act was Passed in_____

a) 1935

b) 1949

c) 1955

d) 1959

e) None of These

9. Which Country has the largest foreign exchange (forex) reserves in the World?

a) China

b) Japan

c) Russia

d) Taiwan

e) None of These

10. Where is the Head Quarters of the World Economic Forum(WEF)?

a) Basel

b) Davos

c) Zurich

d) Cologny, Geneva

e) None of These

11. Herman Van Rompuy is the Current President of ______

a) European commission

b) European Central Bank

c) European Parliament

d) European Council

e) None of These