Current Affairs MCQ for UPSC Exams - 19 October 2014

National

Q.1

1. In an important decision the Union Government on 18 October 2014 completely de-regulated the prices of retail diesel. This was the first price cut in diesel in India Since January 2009
2. Public sector oil marketing companies had been making a profit of Rs. 3.56 a litre (over-recovery) on diesel between 2 October and 16 October 2014 according to the Petroleum Planning and Analysis Cell.
3. This was due to the falling price of crude oil internationally, which had brought down the Indian basket to $83.85 a barrel as on 15 October.

Which of the following statements is/are true-?

a. Only 1
b. 2 & 3
c. All of the above
d. None of these

Q. 2

1. The Union Cabinet on 18 October 2014 approved a proposal to develop Chahbahar Port in Iran wherein an Indian joint venture company will undertake this project.
2. A leasing agreement will be signed to operate the port for 10 years, two Indian companies Jawaharlal Nehru Port Trust (JNPT) and Kandla Port Trust (KPT) would comprise this venture.

Which of the following statements is/are true-?

a. Only 1
b. Only 2
c. Neither 1 nor 2
d. Both 1 & 2

Business & Economy

Q. 3

Which bank won the IDRBT Banking Technology Excellence award for 2013-14 in four out of total five categories in the mid-sized lenders segment?

a. Federal Bank
b. Bank of India
c. Karur Vysya Bank
d. Indian bank

Science & Technology

Q. 4

1. More than 20 per cent of frogs and toads — 78 of the 340 species — found in India are under threat, according recent findings of the Zoological Survey of India.
2. According to the ZSI, of the 17 critically-endangered species —one particular species of frog, known as Resplendent Bush Frog (Raorchestes resplendens), can only be found in a 3 sq km area atop the Anamudi Peak in Kerala’s Idukki district.