IBPS CWE Specialist Officer Economy Current Affairs Capsule 2015 - Part 1

IBPS CWE Competitive Examination - Specialist Officer Economy Current Affairs Capsule

Question 1 - The 14th Finance Commission on December 2014 submitted its report to the President, specifying a new set of formulae for distribution of tax revenues & grants between states & the centre. Who headed the Commission ?
a. Vijay Kelkar
b. Y.V. Reddy
c. A.N. Jha
d. Abhijit Sen

Question 2. "India is on track to reach the growth forecast of ......... percent in financial year ending March 31, 2015 ," said the Asian Development Bank recently in its update to the 2014 outlook.
a. 5.2 % 

b. 15.5 %
c. 5.7 %
d. 5.9 %

Question 3 - During December 2015, the Union Cabinet gave its approval to the Constitution Amendment Bill on the Goods & Service Tax (GST).
a. 120th
b. 121st
c. 122th
d. 123rd

Question 4 - According to the date released on December 15,2014, wholesale inflation dropped to the six-year low of ....... percent in November 2014.
a. 0 %
b. 1 %
c. 1.5 %
d. 2 %

Question 5 - Which bank has recently launched "Smart Stars", accounts for minors ?
a. Bank of Baroda
b. ICICI Bank
c. State Bank of India
d. Punjab National Bank

Question 6 - At which of the following cities was the Asia Pacific Economic Cooperation (APEC) Summit, 2014 organized ?
a. Beijing (China)
b. New York (USA)
c. Tokyo (Japan)
d. Sochi (Russia)

Question 7 - In the biggest deal in India's multiplex Space Anil Ambani-led Reliance Media Works has recently sold its Big Cinemas unit to which of the following companies for about Rs 700 Crores ?
a. PVR
b. INOX
c. Carnival
d. None of these

Question 8 - On December 23, 2014, GAIL (India) Limited, Coal India Limited, Rashtriya Chemicals & Fertilizers (RCF) & Fertilizer Corporation of India (FCI) signed joint venture agreement to set up an integrated coal gasification-cum-fertilizer & ammonium nitrate complex in ...... .
a. Talcher, Odisha
b. Bhopal, M.P.
c. Cuttak, Odisha
d. Sindri, Jharkhand

Question 9 - Which of the following is the new name of the Insurance Regulatory & Development Authority (IRDA) ?
a. Insurance Regulatory & Development Authority
b. Insurance Regulatory & Development Authority of India
c. Insurance Regulatory Department
d. Insurance Regulatory & Development Organization 

Question 10 - On November 11, 2014, RBI tightened norms for Non Banking Financial Companies (NBFCs). As per the latest directives, the RBI has raised the limit for NBFCs to maintain the NET Owned Fund (NOF) requirement to four times by 2017 i.e. to .......... .
a. 2 Crores
b. 3 Crores
c. 4 Crores
d. 5 Crores

Answers - (1-b), (2-b), (3-c), (4-a), (5-b),  (6-a), (7-c), (8-a), (9-b), (10-a)