Current Affairs Questions for SBI & IBPS Exam

1. The Coal India Limited (CIL) has announced to invest around $ 20-25 billion in the next five years in order to achieve an output of ________ by 2019-20.
  • 1) 1 billion tonnes
  • 2) 1.5 billion tonnes
  • 3) 2 billion tonnes
  • 4) 2.5 billion tonnes
  • 5) None of these
Ans: (1)

2. The Central Board of Direct Taxes (CBDT) has said the new service tax would be applicable from Jun 1 which will be levied at
  • 1) 12.5 per cent
  • 2) 13 per cent
  • 3) 13.5 per cent
  • 4) 14 per cent
  • 5) 14.5 per cent
Ans: (4)

3. The govt on 12 May named new governors for six states. Which of the following is NOT correct in this regard?
  • 1) JP Rajkhowa: Arunachal Pradesh 
  • 2) Lt Gen (retd) Nirbhay Sharma: Mizoram
  • 3) Syed Ahmed: Manipur 
  • 4) V Shanmuganathan: Meghalaya
  • 5) None of these
Ans: (5)

4. SK Kalra has been given additional charge of the managing director and chief executive officer of which of the following Public Sector Banks for a period of three months, or till the date of appointment of a regular MD and CEO?
  • 1) Andhra Bank
  • 2) Bank of India
  • 3) Indian Bank
  • 4) Allahabad Bank
  • 5) None of these
Ans: (1)

5. The govt released draft gold monetisation scheme on 19 May. As per the draft, the minimum gold that can be deposited has been fixed at
  • 1) 500g
  • 2) 250g
  • 3) 100g
  • 4) 50g
  • 5) 30g
Ans: (5)

6. During the recent visit by PM Narendra Modi to China, the two countries announced to establish provincial ties between China’s Sichuan and India’s
  • 1) Kerala
  • 2) Andhra Pradesh
  • 3) Karnataka
  • 4) Maharashtra
  • 5) Gujarat
Ans: (3)

7. As per a new Bill cleared by the Union Cabinet, a transaction in which the real beneficiary is not the one in whose name a property has been purchased is defined as
  • 1) Insider trading
  • 2) Fraud
  • 3) Proprietary
  • 4) Benami
  • 5) None of these
Ans: (4)

8. The 78-year old stock exchange which has been permitted to exit by the market regulator Securities and Exchange Board of India (SEBI) under its exit policy recently is
  • 1) United Stock Exchange
  • 2) Calcutta Stock Exchange
  • 3) Ahmedabad Stock Exchange
  • 4) Madras Stock Exchange
  • 5) None of these
Ans: (4)

9. India’ space agency ISRO will launch its first indigenous multi-object tracking radar (MOTR) in 3-5 months. Which of the following is NOT correct about MOTR?
  • 1) It has been prepared with and investment of Rs 245 cr, the least in the world for such radar.
  • 2) It is capable to track 10 different objects at a time.
  • 3) It will help in space capsule recovery, reusable launch vehicle and human space programmes.
  • 4) It will help in tracking space debris to protect the space assets of the country.
  • 5) None of these
Ans: (5)

10. Tsakhiagiin Elbegdorj is the present President of which of the following countries?
  • 1) Malaysia
  • 2) Mongolia
  • 3) Argentina
  • 4) Kazakhstan
  • 5) None of these
Ans: (2)

11. DBS Bank has applied to the Reserve Bank of India (RBI) to convert its branches into a wholly-owned subsidiary (WOS). The bank is based in
  • 1) Switzerland 
  • 2) Singapore
  • 3) UK 
  • 4) Sweden
  • 5) Germany 
Ans: (2)

12. The Supreme Court on 13 May restrained the Centre and state govts from publishing pictures of ministers, CMs and presidents of ruling parties in govt advertisements. Only pictures of the ________ would be published in govt advertisements.
  • 1) Chief Justice of India 
  • 2) PM
  • 3) President 
  • 4) All the above
  • 5) Only 2) and 3) 
Ans: (4)

13. PM Narendra Modi began his three-day China sojourn from which of the following Chinese cities on 14 May?
  • 1) Nanjing 
  • 2) Xining
  • 3) Xian 
  • 4) Taiyuan
  • 5) Jinan 
Ans: (3)

14. The SBI and ICICI Bank have launched contactless cards in the country. Which of the following statement is NOT correct about these contactless cards?
  • 1) They work faster than the regular debit/credit cards or cash payments since they work on a wireless network.
  • 2) Payments above Rs 2,000 are not eligible for contactless transactions as per RBI norms.
  • 3) These cards work on the Near Field Technology (NFC).
  • 4) These cards cannot be used in the traditional way of swipe or dip.
  • 5) None of these
Ans: (4)

15. The cabinet on 13 May cleared a proposal for 10 per cent and 5 per cent disinvestment in _________ and _______ respectively.
  • 1) Indian Oil Corp, NTPC 
  • 2) ONGC, NTPC
  • 3) SAIL, Indian Oil Corp 
  • 4) SAIL, NTPC
  • 5) None of these
Ans: (1)