Quiz Questions on Budget 2015-16: Part 1

1) On which date Union Budget 2015-16 was presented in Parliament? - 28 February 2015

2) Name the Union Finance Minister who presented the Union Budget 2015-16 in Parliament? - Arun Jaitley

3) Personal Income Tax limit was not changed in Union Budget 2015-16. What is the present Personal I-T exemption limit? - Rs 2.5 lakh

4) Health Insurance Premium deduction hiked from Rs. 15,000 to? - Rs. 25,000 (for senior citizens to Rs. 30,000)

5) Transport allowance exemption hiked to Rs. 1,600, from ____ per month? - Rs. 800

6) PAN card is must for all purchase above ____ rupees as proposed in Budget 2015-16? - Rs. 1 lakh

7) An additional ___% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16? - 2%

8) Wht change was made in the Wealth tax? - Wealth tax abolished

9) DTC was dropped in the Budget 2015-16. Expand DTC? - Direct Taxes Code

10) Corporate tax to be reduced from 30% to ___ over next four years? - 25%

11) Mudra banks to be established with capital of Rs.___ crore? - 20000

12) Rs. ____ deduction for contribution to New Pension Scheme? - Rs. 50,000

13) GAAR implementation deferred by 2 years to? - April 2017

14) Service Tax rate hiked to ___% from 12.36%? - 14%

15) Tax free bonds were proposed in budget for? - Roads, railways, irrigation projects
Read Part 2: Click Here

Read More

Current Affairs MCQ: 2 March 2015

1) Growth forecast of 8.1 to ___% for fiscal year 2015-16 was disclosed in the Economic Survey for 2015-16 presented in the Parliament on 27 February 2015 by Union Finance Minister Arun Jaitley?

(A) 8.2%

(B) 8.3%

(C) 8.4%

(D) 8.5%

2) Name the Britain’s largest state-owned bank, which recently decided to shut down its banking operations in India?

(A) Royal Bank of Scotland

(B) Lloyds Banking Group

(C) Barclays

(D) Standard Chartered 

3) Arun Kumar Singh, a 1979 batch Indian Foreign Service officer, has been recently named India’s next ambassador to the United States. He is presently India's ambassador to?

(A) China

(B) Japan

(C) Australia

(D) France

4) Corporate tax was proposed to be reduced from 30% to ___over next four years, in the Union Budget presented in Parliament on 28 February 2015?

(A) 15%

(B) 28%

(C) 25%

(D) 20%

5) Which dictionary has recently added words "Ride-share" and "unboxing" in the new list released recently?

(A) Cambridge dictionary

(B) Oxford Dictionary

(C) Merriam-Webster Dictionary

(D) None of these

6) Senior Counsel Kannan Ramesh (a 49-year-old Indian-origin lawyer) was recently appointed as a Judicial Commissioner to which country's Supreme Court bench?

(A) Singapore

(B) Malaysia

(C) Indonesia

(D) Bangladesh

7) In the Union Budget 2015-16 presented recently, finance minister has proposed merger of Forwards Markets Commission (FMC) with?

(A) TRAI

(B) PFRDA

(C) RBI

(D) SEBI

8) University of Disability Studies announced in Union Budget 2015-16 will be set up in which state?

(A) Jammu and Kashmir

(B) Andhra Pradesh

(C) Kerala

(D) Tamil Nadu

9) Martin Crowe was on 28 February 2015 inducted into the International Cricket Council’s Cricket Hall of Fame. Martin Crowe was the former cricketer from?

(A) West Indies

(B) New Zealand

(C) Australia

(D) England

10) Jitan Ram Manjhi and his supporters on 28 February 2015 floated a political front named 'Hindustani Awam Morcha' (HAM). Jitan Ram Manjhi was the former Chief Minister of?

(A) Bihar

(B) Haryana

(C) Odisha

(D) Jharkhand

Answers

1) Ans. (D) 8.5%

2) Ans. (A) Royal Bank of Scotland

3) Ans. (D) France

4) Ans. (C) 25%

5) Ans. (B) Oxford Dictionary

6) Ans. (A) Singapore

7) Ans. (D) SEBI

8) Ans. (C) Kerala

9) Ans. (B) New Zealand

10) Ans.  (A) Bihar

Read More

Daily Current Affairs: 1 March 2015

1) Mufti Mohammad Sayeed sworn-in as J&K chief minister:

--> Peoples Democratic Party (PDP) leader Mufti Mohammad Sayeed on 1 March 2015 took oath as the Chief Minister of Jammu and Kashmir in a ceremony that was attended by Prime Minister Narendra Modi, Bharatiya Janata Party leaders L.K. Advani, M.M. Joshi, Amit Shah.

--> BJP leader Nirmal Singh  took over as state’s Deputy Chief Minister.

--> While the PDP has eleven Cabinet Ministers, including Mr. Sayeed himself, the BJP has six, including separatist-turned mainstream politician Sajjad Lone.

--> With this BJP became part of the government in the State for the first time.

--> Sayeed became J&K Chief Minister for the second time. In 2002, he led a PDP-Congress alliance and was Chief Minister for three years.

2) Martin Crowe inducted into the ICC Cricket Hall of Fame:

--> Martin Crowe, former New Zealand captain and player of the ICC Cricket World Cup 1992, was on 28 February 2015 inducted into the ICC Cricket Hall of Fame.

--> Crowe became the third New Zealander, after Sir Richard Hadlee and Debbie Hockley, and the 79th overall to be inducted into the ICC Cricket Hall of Fame when he received his commemorative cap from Mr Wally Edwards, ICC Director and Chairman of Cricket Australia.

--> The induction ceremony was held during the innings break of the New Zealand-Australia match in the ICC Cricket World Cup 2015 at Eden Park, and was also attended by Mr Stephen Boock, New Zealand Cricket President.

3) Federer won seventh Dubai Crown:

--> Roger Federer of Switzerland won the ATP Tennis Championship Men’s single title held in Dubai.

--> In the final match, he defeated Novak Djokovic of Serbia by score of 6–3, 7–5.

--> It was Roger Federer’s seventh win in Dubai ATP Tennis men’s single’s title.

--> Earlier, he had won in 2003, 2004, 2005, 2007, 2012 and 2014.

--> Romanian professional tennis player Simona Halep won the ATP Tennis Championship women’s single title

4) Foreign Secretary visited Bhutan on 1st leg of SAARC Yatra:

--> Foreign Secretary S. Jaishankar began his 4-nation SAARC Yatra with a visit to Bhutan on 1 March 2015.

--> The Foreign Secretary called on Bhutanese Prime Minister Tshering Tobgay as he began his Yatra to firm up India's ties with members of the grouping while reviewing regional and bilateral cooperation.

--> Jaishankar also called on King Jigme Khesar Namgyel Wangchuck.

-->  S. Jaishankar will be visiting Bhutan, Bangladesh, Pakistan and Afghanistan under this visit, which has been given the name “SAARC Yatra”

5) Jitan Ram Manjhi launched Hindustani Awam Morcha:

--> Former Bihar chief minister Jitan Ram Manjhi and his supporters on 28 February 2015 floated 'Hindustani Awam Morcha' (HAM), a political front to work for the public.

--> The Hindustani Awam Morcha (HAM) is being seen as the first step to counter Nitish Kumar and his Janata Dal-United ahead of state elections to be held this year.

--> Manjhi, who was made chief minister in May 2014, resigned 20 Feb 2015  after a leadership row involving Nitish Kumar.

6) Durban to host 2022 Commonwealth Games:

--> South African city Durban is set to be the host city of the 2022 Commonwealth Games (CWG) as the lone contender for the quadrennial, 71-member multisport event.

--> South Africa has proposed a 12-day Games starting from July 18, birthday of late president Nelson Mandela.

--> Canadian city Edmonton also wanted to play host to the 2022 Games, but withdrew due to financial constraints.

--> Glasgow hosted the 2014 Commonwealth Games and the 2018 edition is scheduled for the Australian Gold Coast.

7) PM Narendra Modi addressed Nasscom’s foundation day:

--> Prime Minister Narendra Modi on 1 March 2015 emphasized the need for finding innovative solution to tackle cyber threat.

--> Speaking at the silver jubilee celebration of NASSCOM, he said, cyber security is the current challenge faced by the world and asked Indian IT giants to develop technology to deal with the challenge.

--> Highlighting importance of IT, the Prime Minister said, IT changed the way the world looked at India.

--> NASSCOM full form: National Association of Software and Services Companies.

8) Zero Discrimination Day observed:

--> March 1 is observed as Zero Discrimination Day to create awareness to people from all corners of the world, about the evil consequences of discrimination, to celebrate diversity, and to reject discrimination.

--> The theme for 2015 Zero Discrimination Day is Open Up, Reach Out.

Read More

Current Affairs Quiz Questions: 1 March 2015

1) South African cricketer AB De Villiers has recently hit the fastest 150 in one-day internationals, in just 64 balls, against which country?

(A) Pakistan

(B) Ireland

(C) West Indies

(D) Srilanka

2) Which Indian was recently honoured with Doctorate of Automotive Engineering by Clemson University?

(A) APJ Abdul Kalam

(B) Ratan Tata

(C) Amartya Sen

(D) Manmohan Singh 

3) Kshatrapati Shivaji has recently taken over as the Chairman and Managing Director of?

(A) National Bank for Agriculture and Rural Development (NABARD)

(B) Industrial Development Bank of India (IDBI)

(C) Kerala Gramin Bank

(D) Small Industries Development Bank of India (SIDBI)

4) Boris Nemtsov who was shot dead in Moscow on 27 February 2015 was the opposition leader of which country?

(A) Russia

(B) Canada

(C) France

(D) Italy

5) Every year February 28 is celebrated as the National Science Day. What was the theme for the day in 2015?

(A) Science for Nation Building

(B) Fostering Scientific Temper

(C) Genetically Modified Crops and Food Security

(D) Chemistry in Daily Life

6) Which state government has recently decided to increase the cash reward under the inter-caste marriage scheme from 50,000 to 1 lakh rupees?

(A) Gujarat

(B) Andhra Pradesh

(C) Karnataka

(D) Haryana

7) Name the Indian Navy’s Theatre Level Readiness and Operational Exercise exercise which concluded on 27 February 2015?

(A) Yudh Abhyas

(B) TROPEX

(C) Surya Kiran

(D) None of these

8) Zoological Society of London (ZSL) and Forest Department of which state on 26 February 2015 have inked a memorandum of understanding (MoU) for conservation of Asiatic lion and its habitat?

(A) Karnataka

(B) Goa

(C) Gujarat

(D) Maharashtra

9) Xi Jinping has recently unveiled a new political theory, grouped into four slogans also known as the four comprehensives. Xi Jinping is the President of?

(A) Japan

(B) South Korea

(C) Singapore

(D) China

10) Researchers from Monash University have recently created world’s first 3 Dimensional (3D) printed jet engine. Monash University is in which country?

(A) Australia

(B) USA

(C) Japan

(D) France

Answers

1) Ans. (C) West Indies

2) Ans. (B) Ratan Tata

3) Ans. (D) Small Industries Development Bank of India (SIDBI)

4) Ans. (A) Russia

5) Ans. (A) Science for Nation Building

6) Ans. (D) Haryana

7) Ans. (B) TROPEX

8) Ans. (C) Gujarat

9) Ans. (D) China

10) Ans. (A) Australia

Read More

Current Affairs February 2015 (First Week) PDF

Download as PDF- Click Here

1) Who won the Australian Open 2015 men’s single title? - Novak Djokovic of Serbia

2) Who won the Australian Open 2015 women’s single title? - Serena Williams of the USA

3) NASA on 31 January 2015 successfully launched its first Earth satellite named? - Soil Moisture Active Passive (SMAP)

Note: The satellite is designed to collect global observations of the vital soil moisture.

4) Union Government on 4 February 2015 appointed whom as Union Home Secretary? - LC Goyal

5) World Cancer Day (WCD) 2015 was observed across the world on? - 4 February

Note: The tagline for the WCD 2015 was Not beyond Us.

6) Mrinalini Mukherjee who passed away on 2 February 2015 was a famous? - Sculptor and artist

7) Twitter and which search engine on 5 February 2015 have signed a deal to make tweets searchable? – Google

8) Which handset maker recently took over Korean electronics giant Samsung and became India’s biggest smartphone vendor and third largest in the world? -

Micromax 

9) Madras High Court on 6 February 2015 directed the which state government to issue a circular banning beauty contests in colleges and other educational institutions of the state? - Tamil Nadu

10) Which department won Gold at National Awards for e-Governance which was announced on 31 January 2015? - Directorate of Income Tax

Note: It was awarded for TDS Reconciliation Analysis & Correction Enabling System (TRACES).

11) Which country on 2 February 2015 successfully test-fired indigenously developed Air Launched Cruise Missile (ALCM) Ra’ad? – Pakistan

12) Who became youngest medal winner in National Games 2015 on 3 February 2015? - Saloni Dalal

Note: The 12-year-old, Saloni won a Bronze medal in the 200 meter breast stroke swimming event.

13) Which state Government on 3 February 2015 decided to provide free education to the Scheduled Castes (SC), Scheduled Tribes (ST) and girl students till Post Graduation (PG) level in the State? – Bihar

14) Which state won the 10th National Award for excellent work in MGNREGA recently? - Madhya Pradesh

15) Union Government on 3 February 2015 constituted a High Level Panel to suggest a framework to assess Corporate Social Responsibility (CSR) activities undertaken by companies under the Companies Act, 2013. The panel will be headed by? - Anil Baijal

16) Who was appointed as General Manager of Southern Railway on 1 February 2015? - Ashok K Agarwal

17) Who was sworn-in as the President of Italy on 3 February 2015? - Sergio Mattarella

18) Who won King Faisal International Prize for the year 2015 recently? - Dr. Zakir A. Naik

19) Who was on 5 February 2015 appointed as the Director General of the Council of Scientific & Industrial Research (CSIR)? - MO Garg

20) Who was awarded with Shrilal Shukla Sahitya IFFCO Award 2014 on 31 January 2015? - Hindi novelist Mithileshwar 

Read More

28th February 2015 Important Current Affairs

1) Arun K Singh to be India’s next ambassador to the US:

--> Arun Kumar Singh, a 1979 batch Indian Foreign Service officer, has been named ambassador to the United States in place of S Jaishankar, who took over as foreign secretary on January 28.

--> Fifty-nine-year-old Singh is India’s ambassador to France now.

--> India has already sent an agrement to the US government naming Singh as its next Ambassador and was awaiting a response from the Obama administration.

2) Oxford Dictionary adds 'Ride-share', 'unboxing' in word list:

--> Oxford dictionary has added words "Ride-share" and "unboxing" in the new list.

--> Other additions included "Bioprinting", defined as as "the use of 3D printing technology with materials that incorporate viable living cells, e.g. to produce tissue for reconstructive surgery."

--> And "unboxing", a favorite past time for Apple enthusiasts especially: "An act or instance of removing a newly purchased product from its packaging and examining its features, typically when filmed and shared on a social media site."

--> Oxford also added "vishing", which is like phishing, but using phone calls or voice messages instead of emails to trick people in revealing sensitive information.

3) Indian-origin counsel appointed as Judicial Commissioner to Singapore Supreme Court:

--> A 49-year-old Indian-origin lawyer has been appointed as a Judicial Commissioner to Singapore’s Supreme Court bench for two years.

--> Senior Counsel Kannan Ramesh, who was appointed to the bench, will assume the position from May 22, according to a statement by the Prime Minister’s Office. 

4) National Science Day observed:

--> Every year February 28 is celebrated as the National Science Day i.e. Rashtriya Vigyan Diwas.

--> In 2015, the theme of the day is “Science for Nation Building”.

--> This year’s theme has been chosen for the purpose of raising public appreciation on scientific issues for the development of nation.

5) Union Budget 2015-16 presented in Parliament:

--> Union Finance Minister Arun Jaitley presented Union Budget 2015-16 in the Parliament.

--> It was the first full year Budget of the NDA government under leadership of Prime Minister of Narendra Modi and the second budget of Arun Jaitley as Finance Minister.

--> Click Here for highlights of Union Budget 2015-16

6) FMC to be merged with SEBI:

--> The finance minister has announced a decision to merge the commodities market regulator, Forward Markets Commission (FMC), with the capital markets regulator, Securities and Exchange Board of India (Sebi).

--> To give effect to this, amendments in the respective Acts governing these markets have been introduced.

Read More

NABARD Assistant Managers Exam (1 March 2015) Questions: Morning Shift

Friends..here we are sharing with you the questions asked in today's (1 Mar 2015) NABARD Assistant Manager Exam. We are highly thankful to Lovely Kumari and Krishna Deep for sharing these questions with us & wish him all success in the exam. These questions will be useful for those having exam in coming days. If anybody would like to share more questions, you can add it here as comment or can mail us at currentaffairs4examz@gmail.com. 

1) Who is the chairman of 7th pay commission? - Ashok Kumar Mathur

2) Who is the Chairman of External Advisory Committee for Payments Banks? - Nachiket M Mor

3) State with highest GDP? - Maharashtra

4) Player who got highest value in IPL auction recently? - Yuvraj Singh

5) Per capita milk production highest in which state? - Punjab

6) SWIFT started in? - Brussels

7) Head of Expenditure Management committee? - Bimal Jalan

8) Name the Foreign secretary of India? - S Jayasankar

9) Headquarters of unicef? - New York City

10) World Cup 2015 venue? - Australia & Newzealand

11) Contactless card was recently launched by which bank? - ICICI Bank

12) Largest stock exchange?

13) Baba Ramdev was recently appointed brand ambassador by which state? - Haryana

14) Samsung belongs to which country? - South Korea

15) Tagline of Vistara airlines? - 'Fly the new Feeling'

16) Paulina Vega who was crowned Miss Universe recently is from which country? - Colombia

17) First lady officer to lead the Inter-Service Guard of Honour? - Pooja Thakur

18) Pravasi Bhartiya Diwas 2015 was hosted by? - Gujarat

19) RBI extended deadline to exchange pre-2005 currency notes to? - June 30, 2015

20) Who will sign in the new one rupee notes? - Finance Secretary

21) Minimum capital required for small bank? - Rs.100 crore

22) First post office ATM was inaugurated at? - Chennai Head Post Office

23) Who launched digital india project in gujarat akodara village? - Narendra Modi

24) NITI Aayog is headed by? - Prime Minister

25) Name of scheme for direct benefit transfer? - PAHAL

26) Rate at which banks borrow money from RBI? - Repo Rate

27) First humanoid robot staffed hotel in which country? - Japan

28) Name of bank account for beti bachao beti padhao? - Sukanya Samriddhi

29) Extension of word file? - .doc

Read More