Jul 24, 2014

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Union Budget 2014-15 MCQ Questions for Bank Exams: Part 3


41)  Govt provides ..... crore for rehabilitation of displaced Kashmiri migrants as announced in Union Budget 2014-15?
Ans. Rs 500

42) How much fund has been provided for “Pradhan Mantri Krishi Sinchayee Yojna” for assured irrigation?
Ans. 1000 crore

43) Agriculture University announced in Budget will be set up at?
Ans. Andhra Pradesh & Rajasthan

44) Crisis Management Center for women will be open at?
Ans. Delhi

45) What is the targeted fiscal deficit for 2016 (year 2015-16) as announced in the Union Budget 2014-15?
Ans. 3.6% of GDP

46) How much fund was set aside for the proposed National Rural Internet and Technology Mission (NRITM)?
Ans. Rs. 500 crore

47) What special feature has been proposed for currency notes in the Union Budget 2014-15?
Ans. Currency notes will henceforth integrate Braille-features to benefit the visually-disabled people.

48) The National Industrial Corridor (NIC) that was proposed to be established in the Union Budget of 2014-15 will be at?
Ans. Pune

49) Plan expenditure pegged at ..... lakh crore?
Ans. Rs 5.75

50) Non-plan expenditure pegged at ...... crore?

Ans. Rs 12.19 lakh
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Quiz Questions on Union Budget 2014-15 for Exams: Part 2


21) Kisan Vikas Patra was reintroduced in Union Budget 2014. What is Kisan Vikas Patra?
Ans. Kisan Vikas Patra is a saving scheme that was announced by the Government of India that doubles the money invested in eight years and seven months. The Directorate of Small Savings Government of India, sells these saving bonds through all Post Offices in the country so that the scheme can be accessed by citizens from all over the country. A KVP can be encashed after two and a half years from the date of issue at the value it has been bought and the interest accrued for the period.

22) Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to .........?
Ans. Rs 15,000

23) Minimum pension increased to ...... per month in Budget 2014?
Ans. Rs 1,000

24) How many new IIMs have been announced in Union Budget 2014?
Ans. 5
Note: In HP, Punjab, Bihar, Odisha and Rajasthan

25) How many new IITs have been announced in Union Budget 2014?
Ans. 5
Note: To come up in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala.

26) How many new AIIMs have been announced in Union Budget 2014?
Ans. 4
Note: To come up in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in Uttar Pradesh.

27) Govt proposed to launch which programme to ensure broad band connectivity at village level as announced in Union Budget 2014?
Ans. 'Digital India’

28) Name the TV channel announced for farmers in Union Budget 2014-15?
Ans. KISAN TV

29) Name the TV channel announced for North East in Union Budget 2014-15?
Ans. Arun Prabha TV

30) Name the project on the river Ganga for inland waterways between Allahabad and Haldia announced in Union Budget 2014-15?
Ans. Jal Marg Vikas
Note: Rs 4,200 crore set aside for the purpose.

31) EPFO to launch which Service for contributing members?
Ans. Uniform Account Number

32) Name the new programme announced to give impetus to watershed development in the country with an initial outlay of Rs. 2142 crores?
Ans. Neeranchal

33) Name the scheme announced in Budget to generate awareness and help in improving the efficiency of delivery of welfare services meant for women?
Ans. Beti Bachao, Beti Padhao Yojana

34) Two National Institutes of Ageing announced to be set up in Union Budget will be at?
Ans. AIIMS, New Delhi and Madras Medical College, Chennai.

35) How much fund has been allotted to support about 600 new and existing Community Radio Stations?
Ans. Rs 100 crore

36) Swachh Bharat Abhiyan to cover every household with sanitation facility by the year?
Ans. 2019

37) Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called?
Ans. Namami Gange

38) Fund allocated for increasing safety of women in large cities?
Ans.  Rs 150 crore

39) Amount allotted for the project of developing 100 Smart Cities?
Ans. Rs. 7,060 crore

40) Fund set aside for PSU banks capitalisation?

Ans. Rs 11,200 crore
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Questions on Glasgow Common Wealth Games 2014 for competitive Exams

1) The 2014 Commonwealth Games is being held in?
Ans. Glasgow, Scotland

2) The 2014 Commonwealth Games will be held from?
Ans. 23 July to 3 August 2014

3) Scotland had previously hosted Commonwealth Games in?
Ans.  1970 and 1986 at  Edinburgh

4) How many sports are proposed for the 2014 Commonwealth Games?
Ans. 18

5) How many participating nations are at the 2014 Commonwealth Games?
Ans. 71

6) Which country has withdrawn from the Commonwealth Games on 7 October 2013?
Ans.  The Gambia

7) How many medal events will be held in CWG 2014?
Ans.  261

8) Which events will be held for the very first time at Commonwealth Games 2014?
Ans. Women's boxing, Triathlon mixed relay event and Para Cycling

9) Which event will be held for the first time since 2006 in CWG 2014?
Ans.  Triathlon

10) Which event will be held for the first time since 2002 in CWG 2014?
Ans.  Judo

11) Which events from the 2010 games were replaced with triathlon and Judo this year?
Ans.  Archery and tennis

12) What does 2014 Common Wealth Games logo depicts?
Ans. Two Sprinters woven into a tartan motif, representing Scotland.

13) 2014 CWG is the .............. edition of the Commonwealth Games?
Ans. 20th

14) When is Commonwealth Day observed?
Ans. Second Monday in March

15) Which will be the official mascot of the 2014 Commonwealth Games?
Ans. Clyde, a thistle named after the river which flows through the centre of Glasgow

16) When was the first Commonwealth Games held?
Ans. 1930

17) Who federation oversee the Commonwealth Games?
Ans.  Commonwealth Games Federation (CGF)

18) How many members are there in the Commonwealth of Nations?
Ans. 53
Note: Although there are 53 members of the Commonwealth of Nations, 71 teams participate in the Commonwealth Games, as a number of dependent territories compete under their own flag. The four Home Nations of the United Kingdom—England, Scotland, Wales, and Northern Ireland—also send separate teams.

19) Name the nations which attended every Commonwealth Games?
Ans. Australia, Canada, England, New Zealand, Scotland and Wales.

20) Which nations are called Commonwealth Nations?
Ans. Nations which were territories of the former British Empire.


21) Where was the last Common Wealth Games held in 2010?
Ans. New Delhi, India

22) Which country finished first in Commonwealth Games 2010 with a medal tally of 177?
Ans. Australia

23) What was India's position in Common Wealth Games 2010?
Ans. Second. With 101 medals.

24) How many events were played in 2010 edition against 17 this time?
Ans. 21

25) India will be participating in 14 of those 17 events at Glasgow. Which are the other 03 events India is not participating?

Ans. Netball, Rugby Sevens and Triathlon.
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Union Budget Question and Answer for Competitive Exams

1) Union Budget of India is referred to as the Annual Financial Statement in which article of the Constitution of India?
Ans. Article 112

2) On which day Union budget is presented in Lok Sabha normally?
Ans. Last working day of February by the Finance Minister of India

3) Which will the Budget come to effect every financial year?
Ans. April 1

4) What does 'Vote on Account' deals with?
Ans. Expenditure side of the government's budget

5) Which Finance Minister presented the budget ten times, the most by any in Parliament?
Ans. Morarji Desai

6) Name the Finance Minister of India who has presented the Union Budget 2014 in Parliament on 10 July 2014?
Ans. Arun Jaitley

7) Who has presented the first Union budget of independent India on November 26, 1947?
Ans.  R. K. Shanmukham Chetty

8) On February 29 in 1964 and 1968 who became the only finance minister to present the Union budget on his birthday?
Ans. Moraji Desai

9) Who were the three Prime Ministers who presented the Budget in Parliament as they were holding the Finance Ministry portfolio?
Ans. Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi

10) Until the year 2000, at which time Union Budget was presented in Lok Sabha?
Ans. 5.00 PM
Note: This practice was inherited from the Colonial Era, when the British Parliament would pass the budget in the noon followed by India in the evening of the day.

11) From 2001 Union Budget was announced at 11 am. Who presented first budget at 11 am in 2001?
Ans. Yashwant Sinha

12) In Union budget 2014 FDI cap in Defense and Insurance sector has been increased to ......... % from 26%?
Ans. 49%

13) The tax exemption limit has been increased to ........ lakhs from existing 2 lakhs in Budget 2014?
Ans. 2.5 lakhs

14) Income tax exemption limit for senior citizens has been raised to ...... in Budget 2014?
Ans. 3 lakhs

15) Investment limit under Section 80C has also been increased to ....... from existing 1 lakhs in Budget 2014?
Ans. 1.5 lakhs

16) Housing loan interest rate deduction limit has been increased to?
Ans. 2 lakhs

17) Finance Minsiter has put forth aim to achieve ....... per cent economic growth rate in next 3-4 years?
Ans. 7-8 %

18) Which scheme will be introduced at 9 airports in the country as announced in Budget 2014?
Ans. E-visa

19) Govt proposed to set up how many smart cities in Union Budget 2014?
Ans. 100

20) Total sanitation in India is expected by which year as announced in Budget 2014?

Ans. 2019
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Daily Current Affairs: 22nd July 2014

1) Google Maps now available in Hindi: Search giant Google on Tuesday launched its Google Maps in Hindi seeking to make its navigation service more useful for users locally. Google Maps in Hindi will be available for desktop and android mobile phone users, who will be able to see Hindi names for cities, localities, important roads and routes as well as popular points of interest such as public parks and schools.


2) Six entities get permission to start airline operations: The Civil Aviation Ministry has issued No Objection Certificates (NOCs) to six entities whose applications to start airlines in India were pending for long. These six — Air One, Premier Air, Zexus Air (all national), Turbo Megha, Air Carnival and Zav Airways (all regional) — are in addition to the Tata-Singapore Airlines joint venture that is likely to start operations by this year-end. The grant of NOC was confirmed by officials but Director-General of Civil Aviation (DGCA) Prabhat Kumar was not available for comment. Another new airline, AirAsia India, commenced domestic operations last month. Air Pegasus is also likely to get Air Operators Permit, the final nod to start operations, soon.

3) James Rodriguez volley vs. Uruguay voted best goal of World Cup: James Rodriguez's first strike in Colombia's 2-0 World Cup win over Uruguay has been voted goal of the tournament, ahead of Robin van Persie's headed equalizer for the Netherlands in its 5-1 win over Spain. The Monaco star — who is expected to complete his 88 million-euro move to Real Madrid this week — controlled a looped header from Juan Cuadrado with his chest before turning and volleying home via the underside of the crossbar from 20 yards out to give Jose Pekerman's men the lead after 28 minutes of play.

4) Carlos Dunga appointed Brazil coach: Dunga has been appointed as the new coach of Brazil in what will be his second stint with the national team. The 1994 winning captain has already had a four year stint as Brazil’s coach, which came to an end after Brazil was eliminated at the quarterfinal stage of 2010 World Cup. Luiz Felipe Scolari was earlier sacked after Brazil faced a humiliating 7-1 defeat against Germany in semi-finals of the World Cup in Brazil. After being appointed, the former Brazilian defensive midfielder said, “I am immensely happy – thank you for your confidence in me.” Dunga has an uphill task to recover from Brazil’s World Cup defeat on home soil but feels he is ready for the challenge.

5) Jokowi wins Indonesian presidential election with 53%: Indonesia's Election Commission (KPU) declared Jakarta governor Joko Widodo as the winner of the July 9 presidential election, with 53.15 per cent of the vote to his rival Prabowo Subianto's 46.85 per cent. Mr Joko got 70.6 million votes, a clear 8.3 million more than Mr Prabowo's 62.3 million, according to official results that confirm what eight reputable polling agencies had projected hours after polls closed two weeks ago.  


6) Sania Mirza Appointed Brand Ambassador of Telangana: Indian tennis star Sania Mirza was on Tuesday appointed 'Brand Ambassador' of Telangana. She will promote the new "state's interests" in India and abroad, according to industrial infrastructure corporation managing director Jayesh Rajan. Chief minister K Chandrasekhar Rao handed over a letter of appointment and also a cheque of Rs one crore to 27-year-old Sania at an interaction session with industrialists here.

Jul 23, 2014

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Daily Current Affairs Updates: 21 July 2014

1) India claims historic test win at Lord’s against England: Ishant Sharma claimed seven wickets to bowl India to a 95-run victory over England in the second test at Lord’s on Monday, their first overseas win since 2011. Ravindra Jadeja ran out James Anderson in the 89th over of the innings to seal the win. India’s second victory at home of cricket and first since 1986 continued England’s miserable year after series defeats by Australia and Sri Lanka. The third test will start at Southampton on Sunday.

2) Katju sparks controversy, Congress says why rake up issue now: Press Council of India chairman Justice Markandey Katju's allegations of corruption in judiciary snowballed into a major controversy Monday with parties demanding a probe into the matter as well as questioning the timing of the disclosure. The issue also rocked both houses of parliament. The Congress tried to distance itself from the controversy, asking why the issue was being raised now, but former law minister H.R. Bhardwaj admitted that UPA-I was under pressure from DMK to grant extension to a Madras High Court additional judge, Justice Ashok Kumar.Katju in his blog had said that an additional judge of the Madras High Court was appointed during the UPA regime despite an Intelligence Bureau report revealing charges of corruption against him.

3) Centre notified rules for govt. staff under Lokpal Act: The Centre has notified new rules on declaration of assets and liabilities of its employees under the Lokpal Act. As per the new rules, government employees have to file returns with details of cash in hand, bank deposits, investment in bonds, debentures, shares and units in companies or mutual funds, insurance policies, provident fund, personal loans and advance given to a person or any entity, among others. The employees also to have to give details of their immovable properties along with statement of debts and other liabilities on first appointment or as on March 31 of every financial year.

4) Steven Gerrard announced retirment from International Football: Steven Gerrard has announced his retirement from international football following the dismal World Cup campaign in Brazil that saw England knocked out at the group stages in their worst ever performance in the prestigious tournament. The FA confirmed the news via their website, with Gerrard bringing the curtain down on an international career that saw him amass 114 caps and 21 goals for the Three Lions.

5) Shooter Vijay Kumar to be India’s flag-bearer at CWG opening ceremony: London 2012 silver medallist Vijay Kumar will be the Indian flag-bearer at the opening ceremony of the 20th Commonwealth Games at Glascow, Scotland on Wednesday. It was a toss-up between Vijay Kumar and wrestler Yogeshwar Dutt after Beijing 2008 gold medallist Abhinav Bindra declined to do the honours as his event was to take place on Thursday. Vijay Kumar was the best shooter at the London Olympics, winning silver in the rapid-fire pistol event. The Indian team for the Games will comprise of 221 athletes, including 101 women, besides 83 officials. In all, the effective strength of the contingent in Glasgow will be 304. India will be participating in 14 of the 17 disciplines in which competitions are to be held. The events left out are netball, rugby sevens and triathlon.

6) TRAI recommends sharing of all telecom spectrum: In a move that could help companies significantly reduce cost of mobile services, telecom regulator TRAI on Monday recommended allowing sharing of all categories of airwaves held by operators including spectrum allocated at old price of Rs 1,658 crore or assigned without auction. At present, telecom operators have been allocated airwaves frequency in 800 megahertz (CDMA), 900 Mhz, 1800 Mhz, 2100 Mhz (3G), 2300 Mhz and 2500 Mhz (4G) for wireless telecom services.
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Tamilnadu Postal Circle - Declaration of Select List in r/o DR Examination for MTS, 2014

MTS Result 2014 Tamil Nadu Circle

Select List of candidates appeared in Direct Recruitment examination for the MTS, 2014 held on 01/06/2014 in Tamilnadu Circle is being uploaded in www.tamilnadupost.nic.in divisionwise from 22/07/2014. The selection is provisional and subject to satisfactory verification of relevant documents and certificates & the following clause, “Any further action and appointment will be subject to the outcome of the OA no. 310/00729/2014 filed by Shri V. Kumaresan Vs UOI rep. by DG Posts and 2 others.” This is only a selection and not an offer of appointment. The appointment of the candidate is subject to the completion of formalities like verification of all records, medical examination and verification of Character and antecedents. Call letters will be sent to the selected candidates by the respective appointing authorities. No correspondence will be entertained with Circle Office. 

Click to View the Result


Jul 22, 2014

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Daily Current Affairs from 20 July 2014

Daily Current Affairs from 20 July 2014

1) Congress, National Conference end alliance in J&K: The Congress and the National Conference have decided to part ways in Jammu and Kashmir and contest separately the Assembly election due later this year. The coalition government in the State will, however, complete its full term. The Congress made the decision a day after party leader Ghulam Nabi Azad, Pradesh Congress Committee chief Saifuddin Soz and general secretary in charge of the State Ambika Soni attended a party convention in Jammu. “After extensive talks with Congress leaders and workers, the party has come to the conclusion that we are going to fight the election on our own strength,” Ms. Soni said.

2) Rory McIlroy clinches 2014 British Open Golf Championship: Rory McIlroy clinched his first Open Championship and third major title with a two-shot victory over Sergio Garcia and Rickie Fowler on a thrilling final day at Hoylake. The Northern Irishman joined Tiger Woods and Jack Nicklaus as the only players to win three of golf's modern majors by the age of 25. McIlroy, 25, now just has the Masters left to complete a career Grand Slam.


3) Nico Rosberg wins F1's German Grand Prix: Mercedes' Nico Rosberg coasted to his first home German Grand Prix win at Hockenheim on Sunday to extend his lead over teammate Lewis Hamilton in the Formula One championship. The pole sitter, cheered on by Germany World Cup winner Lukas Podolski in the Mercedes pits, extended his lead to 14 points over teammate Lewis Hamilton, who charged up to finish third from 20th on the grid.

4) T V Gopalakrishnan gets Sangita Kalanidhi award: Eminent Carnatic musician and acclaimed mridangam exponent T V Gopalakrishnan has been chosen for the Sangita Kalanidhi award of the Music Academy for 2014. N Murali, president of Music Academy, said all the members in the awards committee were unanimous in their decision to felicitate the veteran. "We had quite a few names in our list, but Gopalakrishnan was clearly at the top of the list. He is multi-faceted. He is a singer and is adept at playing various instruments," he said.

5) Sanjeev Kumar Singla appointed Private Secretary to PM Narendra Modi: IFS officer Sanjeev Kumar Singla has been appointed as Private Secretary to Prime Minister Narendra Modi, succeeding Vikram Misri, who is going to Spain as Ambassador. Singla, a 1997 batch officer, is returning home to serve in the PMO, after a posting in Indian Embassy in Israel's Tel Aviv.

6) Canara Bank signs Rs. 1,170-cr loan pact for Kochi Metro: Canara Bank signed an agreement with the Kochi Metro Rail Ltd on Sunday for a loan of Rs. 1,170 crore to the Rs. 5,200-crore Kochi Metro project. This is the largest loan offered by Canara Bank, which is Kerala’s lead bank, to a single entity in the State. RK Dubey, CMD of Canara Bank, who signed the agreement with KMRL Managing Director Elias George, said the bank was willing to support the project further.
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