Current Affairs MCQs for Bank & all other competitive exams 2012-13

Dear Bank Aspirants,


This is the set of 50 Current Affairs MCQs for IBPS PO/Clerk, SBI, RBI & all other Competitive exams. so read these quizzes carefully for you preparation. Don't forget to share this with your friends.


1. Among the following sentences about the suggestions made by Parliamentary panel, pick out the wrong one:
(A) It has recently suggested to the government to build capabilities to face any challenge.
(B) It has suggested allocating funds towards the modernization of Indian army.
(C) It also underscored the need to fast-track procurement of ammunition for the Army considering that the situation is critical.
(D) It has suggested to restart India’s IGMDP.
See Answer:

2. Who among the following leaders was re-elected General Secretary of the CPI (M) for the third consecutive term at the party's 20th Congress, which took place at Kozhikode?
(A) Brinda Karat
(B) Prakash Karat
(C) Sitaram Yechury
(D) (A) (B) Bardhan
See Answer:

3. The Union Cabinet, on April 26, 2012 decided to retain the voting rights in the private sector banks at 10 percent and felt it could be raised progressively to
(A) 26 percent
(B) 11 percent
(C) 33 percent
(D) 42 percent
See Answer:
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SBI Associates Clerk/PO General Awareness Practice Paper

1. Which of the following is one of the major functions of the RBI ?
(A) Maintain India Investment Fund created by the Govt. of India
(B) Act as custodian of the foreign exchange reserves of the country
(C) Appoint (CEOs) of the foreign banks in India
(D) Appoint Finance Secretary to the Govt. of India
(E) Decide exchange rates of currencies like Yen, Yuan and Dollars
Ans : (B)

2. Who among the following is a regulator of financial/banking institutes / organizations in India ?
(A) Indian Bureau of Standards, (B) Life Insurance Corporation of India (LIC)
(C) Central Bureau of Investigation, (D) Institute of Chartered Accountants of India
(E) Reserve Bank of India (RBI)
Ans : (E)

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