Current Affairs Updates 02.02.2015

1. Reliance teams up with State Bank of India for payments bank

1. Looking to foray into banking business, Reliance Industries has teamed up with state-run behemoth SBI to apply for a payments bank licence.
2. RIL and SBI put in a joint application to the Reserve Bank of India (RBI) to set up a payment bank that can offer services such as remittances and deposits but not loans.
3. The nation's largest lender SBI, which being a commercial bank could not apply for a payment bank license, will hold 30% in the joint venture. RIL will be the promoter and hold the balance 70%.
4. RIL and SBI partnership comes close on the heels of the recently-announced Airtel-Kotak joint venture.

2.  India, China launch Visit India Year in China

1. External Affairs Minister Sushma Swaraj and Chinese Vice-Premier Wang Yang jointly launched the Visit India Year in China at a function in Beijing.
2. The initiative is aimed at enhancing the flow of tourists from China to India and strengthen the people to people bond.
3. It is agreed to designate 2015 as Visit India Year in China and 2016 as Visit China Year in India. 
4. Under this, the two sides will carry out a series of promotional activities to boost two-way tourism inflow and strengthen people to people bonds.

3. 5-day conference on wildlife poaching begins in Nepal

1. Officials from 13 countries across Asia are beginning a five-day conference in Nepal to discuss wildlife poaching.
2. Conservationists in the region are battling to save several endangered species including tigers, rhinos, elephants and snow leopards. 
3. The focus of this regional conference is to explore ways of ending poaching altogether.

4. Bharat Rang Mahotsav begins in Delhi

1. The 17th edition of Bharat Rang Mahotsav begins in the national capital. 
2. Organised annually by the National School of Drama, NSD, the theatre festival was inaugurated by Culture Minister Dr Mahesh Sharma and National Award-winning actor and NSD alumnus Om Puri.
3. Both national and international performances including those from Poland, Israel, USA, France, Bangladesh will figure in the Festival which will continue upto the 18th of this month.

5. SIT likely to reinvestigate 1984 anti-Sikh riots cases

1. The government is likely to accept the recommendation of a committee led by former Supreme Court judge G.P. Mathur to set up a Special Investigation Team (SIT) to probe the 1984 anti-Sikh riots.
2. The riots, which followed assassination of Prime Minister Indira Gandhi on October 31, 1984, claimed over 3,000 lives, of which 2,000 fell prey to violence in Delhi.

6. Kanagasabapathy Sripavan appointed as Chief Justice of Sri Lanka

1. The new president of Sri lanka Maithripala Sirisena has appointed Kanagasabapathy Sripavan  as the country's top lawyer. Sripavan sworn in as Sri Lanka's 44th chief justice.
2. Justice Sripavan succeeded Shirani Bandaranayake who resigned on 29 January 2015.
3. Sripavan is the second Tamil to be the Chief Justice of the Sri Lankan Supreme Court. The first Tamil to hold this highest judicial post in Sri Lanka was Suppiah Sharvananda, who served between 1984 and 1988.

English Quiz For Practice Test

Directions(1-10): In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

In economics, the term recession generally describes the reduction of a country’s Gross Domestic Product (GDP) for at least two quarters. A recession is ___(1)___ by rising unemployment, increase in government borrowing, ___(2)___, of share and stock prices, and falling investment. All of these characteristics have effects on people. Some recessions have been anticipated by stock market declines. The real – estate market also usually ___(3)___ before a recession. During an economic decline, high ___(4)___ stocks such as financial services, pharmaceuticals and tobacco ___(5)___ to hold up better. However, when the economy starts to recover growth, stocks tend to recover faster. There is significant disagreement about how health care and utilities tend to ___(6)___

In 2008, an economic recession was suggested by several important indicators of economic downturn. These ___(7)___ high oil prices, which led to ___(8)___ high food prices due to a dependence of food production on petroleum, as well as using food crop products such as ethanol and biodiesel as an ___(9)___ to petroleum; and global inflation; a substantial credit crisis investment banks as well ___(10)___ as commercial banks in various, and signs of contemporaneous economic downturns in major economics of the world, a global recession.

1. 

(1) imagined 

(2)depict 

(3) shown

(4) visualized 

(5) characterized

2. 

(1) Increase 

(2) variance 

(3) more

(4) decrease 

(5) abundance

3. 

(1) weakens 

(2) intiates 

(3) awakens

(4) strengthens 

(5) volatile

4. 

(1) maintained 

(2) yield 

(3) heavy

(4) result  

(5) payment

5. 

(1) are  

(2) want 

(3)tend

(4) yearn 

(5) made

6. 

(1) distribute 

(2) recover 

(3) wait

(4) increased 

(5) fight

7. 

(1) meant  

(2) show 

(3) numbered

(4) included 

(5) encompass

8. 

(1) fearful  

(2) dangerous 

(3) abnormally

(4) healthy  

(5) nutritious

9. 

(1) alternative 

(2) variant 

(3) substitute

(4) element  

(5) integral

10. 

(1) wealthy 

(2) costly 

(3) stand

(4) created  

(5) established

Answers Key:

1. 5
2. 4
3. 1
4. 2
5. 3
6. 2
7. 4
8. 3
9. 1
10. 5

You may like this:

1. English Grammar Tips 

Partnership Questions With Explanation

1. X and Y invest Rs.21000 and Rs.17500 respectively in a business. At the end of the year, they make a profit of Rs.26400. What is the share of X in the profit?

A. Rs.14400

B. Rs.26400

C. Rs.12000

D. Rs.12500

2. A starts a business with Rs.40,000. After 2 months, B joined him with Rs.60,000. C joined them after some more time with Rs.1,20,000. At the end of the year, out of a total profit of Rs.3,75,000, C gets Rs.1,50,000 as his share. How many months after B joined the business, did C join?

A. 4 months

B. 5 months

C. 6 months

D. 7 months

3. A and B invest in a business in the ratio 3: 2. Assume that 5% of the total profit goes to charity. If A's share is Rs. 855, what is the total profit?

A. 1400

B. 1500

C. 1600

D. 1200

4. A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. What is the share of B in the profit.

A. 2660

B. 1000

C. 2300

D. 4000

5. A and B entered into partnership with capitals in the ratio 4 : 5. After 3 months, A withdrew ¼ of his capital and B withdrew 1/5 of his capital. At the end of 10 months, the gain was Rs. 760. What is A's share in the profit?

A. 310

B. 330

C. 370

D. 350

6. A , B , C started a partnership business by investing Rs 27000 , 72000 , 81000 respectively. At the end of the year , the profit were distributed among them. If C's share of profit is 36000, What is the total profit?

A. 80000

B. 90000

C. 70000

D. 120000

7. A , B , C start a business each investing Rs 20,000 . After 5 month A withdraws Rs 5000, B withdraws Rs 4000 & C invests Rs 6000 more . At the end of the year, a total profit of Rs 69900 was recorded . Find the share of A

A. 20600

B. 20700

C. 20500

D. 20400

8. A invested Rs 76000 in a business. After few months, B joined him with Rs 57000. The total profit was divided between them in the ratio 2 : 1 at the end of the year. After how many months did B join?

A. 2

B. 3

C. 4

D. 5

9. P , Q and R started a business by investing Rs 120000 , Rs 135000 & Rs 150000 respectively. Find the share of each, out of the annual profit of Rs 56700

A. 16800 , 18900 , 21000

B. 17850 , 18900 , 21000

C. 16800 , 18900 , 22000

D. 17850, 18500 , 22000

10. P, Q, R enter into a partnership. P initially invests 25 lakh & adds another 10 lakhs after one year. Q initially invests 35 lakh & withdrawal 10 lakh after 2 years and R invests Rs 30 Lakhs . In what ratio should the profit be divided at the end of 3 years?

A. 18:19:19

B. 18:18:19

C. 19:19:18

D. 18:19:19

You might like this:

1. Quantitative Quiz With Solution
2. Quantitative Quiz With Explanation

Reasoning Questions With Explanation

Directions (1-5): Study the following information carefully and answer the questions given below.

L, M, N, O, P and Q are six members of a Committee. They are sitting around a circular table.

(i)     O sits to the second left of red chair, which is not near to L and yellow chair.

(ii)   Q neither sits on pink chair nor opposite to L.

(iii)  M is not near to black and red chair but opposite to pink chairs.

(iv)  N sits second left of white chair but not near to Q.

1. Who is sitting opposite to N?

(1) Q     

(2) L                     

(3) P

(4) M    

(5) None of these

2. What is the colour of P’s chair?

(1) Red

(2) Pink                               

(3) Yellow

(4) White            

(5) None of these

3. Who is sitting second to the left of white chair?

(1) Q     

(2) P                     

(3) O

(4) N     

(5) None of these

4. What is the position of ‘O’ with respect to the yellow chair?

(1) immediate right                       

(2) second right                               

(3) immediate left

(4) Can’t be determined                               

(5) None of these

5. Who is sitting opposite to the red chair?

(1) M                    

(2) L                    

(3) O                     

(4) Q                     

(5) None of these

Directions (6-10): In each of the questions below are given four statements followed by four conclusions numbered I, II, III and IV. You have to take the given statements to be true even if they seem to be at variance from commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.

6. Statements: 

Some trains are cars.

All cars are branches.

All branches are nets.

Some nets are dresses.

Conclusions:

I. Some dresses are cars.

II. Some nets are trains.

III. Some branches are trains.

IV. Some dresses are trains.

(1)    Only I and III follow

(2)    Only II and III follow

(3)    Only I and IV follow

(4)    Only II, III and IV follow

(5)    None of these

7. Statements: 

Some pencils are kites.

Some kites are desks.

All desks are jungles.

All jungles are mountains.

Conclusions:

I. Some mountains are pencils.

II. Some jungles are pencils.

III. Some mountains are desks.

IV. Some jungles are kites.

(1)    Only I and III follow

(2)    Only I, II and III follow

(3)    Only III and IV follow

(4)    Only II, III and IV follow

(5)    None of these

8. Statements: 

All papers are clips.

Some clips are boards.

Some boards are lanes.

All lanes are roads.

Conclusions:

I. Some roads are boards.

II. Some lanes are clips.

III. Some boards are papers.

IV. Some roads are clips.

(1)    Only I and II follow

(2)    Only I and III follow

(3)    Only I, II and III follow

(4)    Only II, III and IV follow

(5)    None of these

9. Statements:

All pens are clocks.

Some clocks are tyres.

Some tyres are wheels.

Some wheels are buses.

Conclusions:

I. Some buses are tyres.

II. Some wheels are clocks.

III. Some wheel are pens.

IV. Some buses are clocks.

(1)    None follows

(2)    Only I follows

(3)    Only II follows

(4)    Only III follows

(5)    Only IV follows

10. Statements:

All stones are hammers.

No hammer is ring.

Some rings are doors.

All doors are windows.

Conclusions:

I. Some windows are stones.

II. Some windows are rings.

III. No window is stone

IV. Some rings are stones.

(1)    Only I follows

(2)    Only II follows

(3)    Only III follows

(4)    Only either I or III follows

(5)    Only either I or III and II follow

Solutions (1-5):

1. (4)

2. (1)

3. (4)

4. (4)

5. (2)

Solutions (6-10):

6. (2):

7. (3):

8. (5):

9. (1):

10. (5):

Quiz Questions on Current Affairs: 31 January 2015

1) Who among the following was appointed as the new chairman of Sangeet Natak Akademi on 29 January 2015?

(A) Shekhar Sen

(B) N Gopalaswami

(C) Leela Samson

(D) S Jayasankar

2) Which country was confirmed as the host for the 2016 Twenty20 World Cup recently?

(A) Bangladesh

(B) West Indies

(C) Australia

(D) India

3) On 28 January 2015, nation paid tributes to which national martyr of freedom movement on his 150th birth anniversary?

(A) Mangal Panday

(B) Lala Lajpat Rai

(C) Subhash Chandra Bose

(D) Bhagath Singh

4) Shirani Bandaranayake, who was reinstated by the new government led by President Maithripala Sirisena on 28 January 2015, was the first woman Chief Justice of which country?

(A) Bangladesh

(B) Pakistan

(C) Srilanka

(D) Nepal

5) Who has assumed charge as the new Chairman and Managing Director of National Research Development Corporation (NRDC) recently?

(A) Rehman Khan

(B) Hanumanthu Purushotham

(C) DP Sinha

(D) Rohit Upadhyaya

6) Nation on 29 January 2015 paid rich tributes to ______, who was martyred in an encounter with militants a day after he got his gallantry award on Republic Day?

(A) Col. MN Rai

(B) Major Mukund Varadarajan

(C) Major Naik Neeraj Kumar Singh

(D) None of these

7) Which Messenger service has recently rolled out free voice-calling, a month after its first acquisition of a free calling app - Zip Phone?

(A) Whatsapp

(B) We Chat

(C) Hike

(D) Viber

8) Kalyan Singh took additional charge as Himachal Governor on 28 January 2015. He was originally the Governor of which state?

(A) Goa

(B) West Bengal

(C) Punjab

(D) Rajasthan

9) Which company reported quarterly profits of $18 billion on 27 January 2015 which is the largest profit in global corporate history?

(A) Microsoft

(B) Facebook

(C) Apple

(D) Google

10) Veteran actor Mala Aravindan who passed away on 28 January 2015 is from which industry?

(A) Malayalam

(B) Telugu

(C) Tamil

(D) Kannada

Answers Key:

1) Ans. (A) Shekhar Sen

2) Ans. (D) India

3) Ans. (B) Lala Lajpat Rai

4) Ans. (C) Srilanka

5) Ans. (B) Hanumanthu Purushotham

6) Ans. (A) Col. MN Rai

7) Ans. (C) Hike

8) Ans. (D) Rajasthan

9) Ans. (C) Apple

10) Ans. (A) Malayalam