Current Affairs

Question 1

First bio-fuel bus become operational in ____.

a) United States

b) United Kingdom

c) Germany

d) South Africa

Answer : b) United Kingdom

Question 2

The first Indian footballer to receive AFC Hall of Fame Award is _____.

a) Sunil Chhetri

b) Baichung Bhutia

c) Savio Medeira

d) India G S Srinivas Murthy

Answer : b) Baichung Bhutia

Question 3

India has won Blind Cricket World Cup 2014 by defeating _____.

a) Australia

b) United Kingdom

c) Pakistan

d) South Africa

Answer : c) Pakistan

Question 4

Indian Communication Satellite which was launched on 7th Dec in French Guiana is ____.

a) GSAT - 14

b) IRNSS - 1B

c) IRNSS - 1C

d) GSAT - 16

Answer : d) GSAT - 16

Bank Awareness

Question 1

In banking, CORE stands for _____ .

a) Centralized Online Real-Time Exchange

b) Centre for Online Real Exchange

c) Centralized Online Real Time Express

d) Centre for Online Real Express

Answer : a) Centralized Online Real-Time Exchange

Question 2

NABARD was established in the year _____ .

a) 1978

b) 1985

c) 1982

d) 1974

Answer : c) 1982

Question 3

The Chairperson of National Advisory Council (NAC) is ______.

a) Manmohan Singh

b) Sonia Gandhi

c) Chidambaram

d) None of these

Answer : b) Sonia Gandhi

Question 4

The headquarter of World Bank is in _______ .

a) Canada

b) London

c) Italy

d) Washington

Answer : d) Washington

Measures of National Income

GDP - Gross domestic Product

Sum of money value of all final goods and services produced within the domestic territories of a country during an accounting year.

GDP = Factor Cost + Market Price

GNP - Gross National Product

It is the aggregate final output of citizen and business of an economy in a year

GNP = GDP+NFIA(Net Factor Income From Abroad)

NFIA = Income Received from abroad for rendering factor services - Income paid towards services rendered by foreign nationals in the domestic territory

NDP & NNP

Net Domestic  & Net National Product

NDP = GDP - Depreciation

NNP = GNP - Depreciation

Depreciation is the reduction in value due to wear & tear

National Income  = NNP at the factor Cost