Current Affairs Questions-Answers for August 2011– Descriptive Questions

Questions-Answers for August 2011 will guide Civil Services Aspirants as well as those candidates who are preparing for Bank PO & Other Competitive exams in their preparation process. The blend of objective and subjective approach is needed to be adopted in writing the answers. It will help the candidates to equip themselves with facts & figures on one hand and in depth analysis on the other.

1.  The Scientists from France and Uganda on 18 July 2011 discovered in Uganda the oldest known fossil of an African ape. What is the significance of this discovery? Provide details about the African Ape whose fossil was found.

2.  Italy approved a draft law banning women from wearing veils in public. Do you agree that this decision has undermined the religious freedom of minorities in Europe?  Support your answer with reasons.

3.  Union cabinet of India approved National Social Security Fund (NSSF). Bring out the salient features of the NSSF.

4.  Write brief notes on the following not exceeding 50 words:
a) CH65
b)Bt Brinjal
c) NATGRID
d) India-Georgia DTAA

5.  Critically discuss the Indo-Bangladesh relations in the last2 years. What is the importance of Bangladesh for India?

6.   The Scientists found the origin of El Tor in the Bay of Bengal. Explain what is El Tor.  How it is harmful for human beings?

7.   Haryana government passed the ceiling on land holdings (Amendment) Bill, 2011. Comment on the features of the bill.

8. Critically analyse the impact of the guidelines on non-banking finance company (NBFC) provided by the Usha Thorat headed RBI panel on capital market.

9. The Reserve Bank of India released its Annual Report for 2010-11 on 25 August 2011. Point out the central bank’s measures adopted during the the period under supervision to battle the economic challenges.

10. Mention the Highlights of the Annual Report for 2010-11 released by the Reserve bank of india on 25 August 2011.

11. According to a study Private Cloud Landscape in India released by EMC Corporation and Zinnov Management Consulting, total cloud market in India will reach a market value of $ 4.5 billion by 2015. How will the development of cloud computing impacr and further the growth of IT sector in India?

12.    Describe the challenges faced by the Indian banking industry as mentioned in the study titled Being five star in productivity — road map for excellence in Indian banking released FICCI-IBA-BCG on 22 August 2011, the eve of IBA-FICCI annual banking conference.

13.    The All-India Consumer Price Index Numbers for Agricultural Labourers (AL)and Rural Labourers (RL)(Base: 1986-87=100) for July2011 increased by 6 and 7  points respectively . Give reasons for the same.

14.    With reference to India’s public debt, fiscal deficit, total internal debt discuss the Union government’s public debt management mechanism.

15.    The Union Cabinet approved the proposal of Ministry of Agriculture, Department of Agricultural Research & Education (DARE) for setting up of a new company, called AGRlNDIA. Discuss the projects/activities to be undertaken by AGRIINDIA.

16.    In not more than 50 words mention the Union government’s intention behind permitting a new category of qualified foreign investors (QFIs) to invest up to $13 billion in equity and debt schemes of mutual funds (MFs).

17.    Critically analyse Reserve bank of India’s fresh guidelines with regard to the derivative deals by banks in India.

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