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Current Affairs Quiz/Questions-Answers April 2013, April 15-April 21

Apr 22, 2013 10:27 IST

This week of April Show deals between Finland and India, approval of new rules on bankers’, IMF assessment of world Economic Growth and more. Solve the quizzes that follows to test your knowledge about the events of the week.

1. A fourteen member Delegation from Finland led by Marja Rislakki, State Secretary Ministry of Employment & Economy of Finland met with an Indian delegation led by Lakshmi Panabaka, Minister of State, MoPNG Government of India on 15 April 2013. Both the sides had discussions on identified areas during the meet. Which of the following statements on the identified areas mentioned below for the same are true
I. Projects on Solar Energy applications for Oil & Gas Projects
II. Projects on Solar Energy applications for Biofuels & Algae based biofuels research and water and waste water management
III. Carbon capture & reformation
IV. Finland`s Green Growth & Groove programme for suitable application to Indian Scenario and Academic Institutions/Universities for collaborative R&D projects in areas of low carbon growth technologies and sustainable development.
a) Statements I, and III are true
b) Statements II, III and IV are true
c) Statements I, II and IV are true
d) All the four statements are true
Answer: (b) All the four statements are true

2. European Parliament approved new rules on bankers’ bonuses and the amount of capital that banks must hold as a buffer by a big majority. What is the name of the New Rule?
a) Capital Requirements Directive (CRD4)
b) Capital Reimbursement Directions (CRD4)
c) Capital Requirements Directions (CRD4)
d) Capital Reimbursement Directives (CRD4)
Answer: (a) Capital Requirements Directive (CRD4)

3. Which of the followings statements in relation to the CRD4 are true?
I. Banks will not have to provide more data about their profits and taxes, on a country-by-country basis.
II. CRD4 will oblige banks to increase the portion of best-quality core capital to 4.5 percent, from the present 2 percent.
III. They have to hold a minimum total capital of 12% of risk-weighted assets - that is, capital held to back the loans that they make.
IV. The credit crunch was a liquidity crisis, so in future; banks will have to be able to meet their liabilities for a period of at least 30 days during financial stress.
a) Statements I, and III are true
b) Statements II and IV are true
c) Statements I, II and IV are true
d) All the four statements are true
Answer: (b) Statements II and IV are true

4. International Monetary Fund (IMF) in its latest assessment of the global economy released on 16 April 2013 revised its world growth forecast for 2013 and slashed it to _____________ percent from previous forecast of ______________ percent predicted in January 2013.
a) 3.2 percent from 3.4 percent
b) 3.3 percent from 3.5 percent
c) 3.3 percent from 3.6 percent
d) 3.5 percent from 3.8 percent
Answer: (b) 3.3 percent from 3.5 percent

5. Who is the chief Economist of IMF?
a) Raghuram Rajan
b) Olivier Blanchard
c) Kenneth Rogoff     
d) Simon Johnson
Answer: (b) Olivier Blanchard


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