Important current affairs and Gk questions of May month for IAS, RAS, SSC CGL, UPSC, BANK PO, UPSC,RPSC, Bank exams and all other exams.If you like the post kindly give rating.
This questions are useful for any competitive exam like IAS, bank PO, SSC CGL, RAS, CDS, UPSC exams and all state related exams.
1. In India, the Chit funds are governed / Regulated by ___?
[A]RBI
[B]Central Government
[C]State Governments
[D]Local Bodies
State Governments
Chit funds in India are governed by the Chit Funds Act, 1982. Under this Act, the chit fund businesses can be registered and regulated only by the respective State Governments. Regulator of chit funds is the Registrar of Chits appointed by respective state governments under Section 61 of Chit Funds Act. Powers of adjudication vest in the Registrar and the state government concerned is the Appellate authority. In case of failure of a chit fund business, the responsibility for winding up such a business also vests with the respective State Governments. Moreover, the Prize chits and money circulation schemes are illegal and are banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Powers of investigation under this Act are vested with the concerned state police authorities.
2. Under this Act, the chit fund businesses can be registered and regulated only by the respective State Governments. Regulator of chit funds is the Registrar of Chits appointed by respective state governments under Section 61 of Chit Funds Act. Powers of adjudication vest in the Registrar and the state government concerned is the Appellate authority. In case of failure of a chit fund business, the responsibility for winding up such a business also vests with the respective State Governments. Moreover, the Prize chits and money circulation schemes are illegal and are banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Powers of investigation under this Act are vested with the concerned state police authorities.
[A]B K Chaturvedi Panel
[B]C Rangrajan Panel
[C]Raghuram Rajan
[D]Parliamentary Panel headed by Yashwant Sinha
C Rangrajan Panel
The panel headed by C Rangarajan, Chairman of Prime Minister’s Economic Advisory Council, had suggested a complex methodology to replace current gas prices. In first step, weighted average of prices prevailing at US Henry Hub, National Balancing Point of UK and netback wellhead of price of supplies into Japan was to be derived. This was to then be averaged out with actual cost of imported LNG into India. This formula has not found favour with user ministries of power and fertiliser as well as the finance ministry.
3. As of April 2013, which among the following carriers has the largest market share in Domestic air passenger traffic ?
[A]IndiGo
[B]SpiceJet
[C]Air India
[D]Jet Airways
IndiGo
On a standalone basis, IndiGo had the largest market share of 27.4 percent, followed by SpiceJet (20.4 percent), Air India’s domestic operations (20.2), Jet Airways (17.7 percent), Go Air (8.1 percent) and Jetlite (6.1 percent).
4. Approximately, what fraction of India’s total exports is contributed by the Micro, Small and Medium Enterprises (MSME) sector ?
[A]20%
[B]30%
[C]40%
[D]45%
40%
Micro, Small and Medium Enterprises (MSME) sector contributes about 40 percent in the country’s total exports and over 8 percent to India’s Gross Domestic Product (GDP).
5. Approximately, how many Foreign Institutional Investors are registered in India as of April 2013?
[A]1100
[B]1300
[C]1700
[D]2200
1700
As on April 26, the number of registered FIIs in the country stood at 1,766 and total number of sub-accounts were 6,372.
6. Who among the following is heading the Standing Parliamentary Committee on Coal and Steel?
7. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
[A]30 Days
[B]60 Days
[C]75 Days
[D]90 Days
75 Days
As per rules, government has to get all money bills related to the union budget passed within 75 days of the presentation of the budget.
8. The Chameli Devi Jain Award is given for an outstanding woman ____?
[A]Scientist
[B]Reporter
[C]Player
[D]Teacher
Reporter
Alka Dhupkar, a journalist with Marathi-language TV news channel IBN-Lokmat, has won the prestigious Chameli Devi Jain Award for an outstanding woman media person this year.
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