Through current affairs online test series, currentaffairsindia.info presents the most relevant model questions on Indian Current Affairs. These questions are applicable to Civil Service Prelims(CSAT 2013), Railway Recruitment Exams, Bank PO and clerical exams and various other competitive exams. The questions are framed from Government releases, various major news papers etc. Any comments/doubts are welcomed!!

1. Which among the following are correct about KYC?. Compliance with KYC norms are needed for

1. Opening a bank account

2. Opening a demat account

3. For a new Gas connection

4. Buying a mutual fund.

Select the correct answer using the codes given below:

(a) 1, 2 and 4 Only

(b) 2 and 4 Only

(c) 1 and 3 Only

(d) 1, 2, 3 and 4

D is the right answer.
KYC is an acronym for “Know your Customer”, a term used for customer identification process. It involves making reasonable efforts to determine true identity and beneficial ownership of accounts, source of funds, the nature of customer’s business, reasonableness of operations in the account in relation to the customer’s business, etc which in turn helps the banks to manage their risks prudently. The objective of the KYC guidelines is to prevent banks being used, intentionally or unintentionally by criminal elements for money laundering. KYC has two components - Identity and Address. While identity remains the same, the address may change and hence the banks are required to periodically update their records.

2. Which country declared a national emergency Friday over the spread of coffee rust?

a) Guatemala

b) Brazil

c) Italy

d) Belgium

A is the right answer.
Guatemala's president declared a national emergency Friday over the spread of coffee rust, saying the fungus that has hit other Central American countries is affecting 70 percent of this nation's crop. President Otto Molina Perez ordered the release of more than $14 million to aid coffee growers. He said the funds would help 60,000 small farmers buy pesticides and also finance instruction to teach them how to prevent the disease and stop it from spreading. Coffee rust, which can kill plants by withering their leaves, also is affecting plantations in El Salvador, Honduras, Panama and Costa Rica. Mexico's agriculture authorities said the fungus has been detected there but so far has not damaged plants.

3. Who is the new solicitor general of india?

a) Mukal Rohatgi

b) Goolam E Vahanvati

c) Rohinton Nariman

d) Mohan Parasaran

D is the right answer.
Senior Advocate and former Additional Solicitor General, Mohan Parasaran has taken charge as the Solicitor General of India (SG) on February 13, 2013 replacing Senior Advocate Rohinton Nariman who resigned from the post.

4. Which among the following are true about India-France relationship?

1. France has been one of India’s oldest, closest and most reliable partners.

2. As of today, more than 700 French enterprises have invested in India.

3. France is today the 9th largest foreign investor in India.

4. France supports Indias claim to a permanent seat at the United Nations Security Council.

Select the correct answer using the codes given below:

(a) 1, 2 and 4 Only

(b) 2 and 4 Only

(c) 1 and 3 Only

(d) 1, 2, 3 and 4

D is the right answer.
The President of India, Shri Pranab Mukherjee hosted a banquet in honour of the President of the French Republic, Mr. Francois Hollande on February 14th. The President said the enduring friendship, marked by bilateral co-operation in diverse sectors has had rewarding outcomes to mutual benefit. As a result, today, more than 700 French enterprises have invested in India; and Indian companies are increasingly exploring opportunities in France. Bilateral trade has grown to almost 9 billion US Dollars in 2011-12 and France is today the 9th largest foreign investor in India. Joint initiatives which include technology transfer and collaborative development in the strategic areas of space, defence production and civil nuclear co-operation have been particularly successful. France has been one of India’s oldest, closest and most reliable partners. Both countries agreed on the need to work bilaterally and multilaterally to shape a new global agenda for inclusive growth and revitalise global governance including the reform of its principal organs. The President reiterated that India appreciates the support consistently extended by France to India’s rightful claim to a permanent seat at the United Nations Security Council. The President expressed hope that under the French President’s leadership, India-France strategic partnership will continue to progress and mature in the years to come.

5. Which among the following are true about national e-governance Gold Award for Sparsh Abhiyan

1. Madhya Pradesh has been conferred the latest Sparsh Abhiyan award.

2. Sparsh Abhiyan launched for uplifting the disabled.

3. Sparsh Abhiyan is a special programme for rehabilitation and empowerment of disabled, aged and destitute persons.

4. Madhya Pradesh has been given this award in 'Focus Sector' category

Select the correct answer using the codes given below:

(a) 1, 3 and 4 Only

(b) 2 and 4 Only

(c) 1 and 3 Only

(d) 1, 2, 3 and 4

D is the right answer.
Madhya Pradesh has been conferred with national e-governance Gold Award for Sparsh Abhiyan launched for uplifting the disabled. The award was received by commissioner of disabled welfare VK Batham and National Informatics Centre (NIC) director Vinayak Rao at Jaipur during the 16th National e-governance conference on Monday. Union minister Narayan Sami and Rajasthan chief minister Ashok Gehlot were present on the occasion, a government spokesman said. Sparsh Abhiyan is a special programme for rehabilitation and empowerment of disabled, aged and destitute persons. Madhya Pradesh has been given this award in 'Focus Sector' category for this innovative programme.

6. Wadhwa committee was appionted for checking the proper functioning of ?

a) CBI

b) Lokpal

c) PDS

d) Boder alligations

C is the right answer.
The Hon’ble Supreme Court of India, in a Writ Petition No. (C). 196 of 2001, passed an order constituting a Committee to be headed by Hon’ble Mr. Justice D. P. Wadhwa, Former Judge, Supreme Court of India, to look into the maladies affecting the proper functioning of the public distribution system (“PDS") and to suggest remedial measures.

7. Which is the new stock exchange commenced operations in India?

a) MCX-SX

b) MCX-CX

c) MCX-MX

d) Kerala Stock Exchange

A is the right answer.
MCX Stock Exchange Limited (MCX-SX), India’s new stock exchange, commenced operations in the Currency Derivatives (CD) segment on October 7, 2008 under the regulatory framework of Securities & Exchange Board of India (SEBI) and Reserve Bank of India (RBI). A new generation stock exchange, MCX-SX currently offers a world-class electronic trading platform in currency futures contracts. MCX-SX has been a market leader in this segment, witnessing a steady and significant growth in average daily turnover and open interest ever since its inception. The average daily turnover (ADT) of MCX-SX currency futures stood at Rs 12,927.83 crore at the end of June 2012, a significant rise from an ADT of Rs 324.78 crore in the first month of operations.

8. Who won the Indira Gandhi Prize for Peace, Disarmament and Development for the year 2011? a) Sugathakumari

b) Ela Bhatt

c) Sonia Ghandhi

d) Prathiba Patel

B is the right answer.
The President of India, Shri Pranab Mukherjee presented the Indira Gandhi Prize for Peace, Disarmament and Development for the year 2011 to Ms. Ela Ramesh Bhatt of Self Employed Women’s Association (SEWA) at Rashtrapati Bhavan on February 18, 2013. Congratulating Ms. Ela Bhatt, the President said her life and work is truly reflective of the philosophy and ideals espoused by Late Prime Minister Shrimati Indira Gandhi. The prize bestowed upon Ms. Bhatt is a tribute to her unflinching zeal towards the betterment of women in society and progress of humanity. The President said Ms. Bhatt’s example would spur many more initiatives in our country and elsewhere, aimed at renewal of society and all-round development of people.

9. Pilatus PC-7 Turbo Trainer owned by Indian Airforce is manufactured by

a) Switzerland

b) United States

c) UK

d) South Africa

A is the right answer.
The Pilatus PC-7 Turbo Trainer is a low-wing tandem-seat training aircraft, manufactured by Pilatus Aircraft of Switzerland. The aircraft is capable of all basic training functions including aerobatics, instrument, tactical and night flying. It has been selected by more than 20 air forces as their ab initio trainer. Pilatus has signed a contract with India for 75 PC-7 MkII basic trainers in a deal worth more than Swiss francs 500 million.

10. Currently which is the biggest trading nation?

a) China

b) United States

c) India

d) England

A is the right answer.
China has passed the US as the world’s biggest trading nation as measured by the sum of exports and imports in 2012. It’s a position the US has held for over six decades. US exports and imports of goods last year amounted to $3.82 trillion, the US Commerce Department said last week. China’s trade in goods was $3.87 trillion, according to the country’s customs administration report in January. While the US recorded a surplus in services of $195.3 billion last year and a goods deficit of more than $700 billion, according to Bureau Economic Analysis, China’s 2012 trade surplus, measured in goods, totalled $231.1 billion.

If you are able to answer 7 questions, your preparation is satisfactory

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