1. We read in the newspapers about the deregulation of the pricing of petroleum products by the Government of India. Consider the following outcomes of the above step:
A This will make petroleum products prices cheaper and the pricing system will become more transparent.
B. This will improve the financial health of the country's Oil Marketing Companies (OMCs) and contribute to fiscal consolidation
C. This will end the subsidy on petroleum products.
Which of the above statements holds correct?
a. Only A
b. Only B
c. Only B and C
d. Only A and C
e. None of these
2. Which of the following committees has given its recommendations on "Financial inclusion"?
a. Vaghul Committee
b. Raghuram Rajan Committee
c. Rakesh Mohan Committee
d. Kelkar Committee
e. None of these
3. The agricultural census is done at which of the following intervals?
a. There is no fixed term
b. Every year
c. Once in 3 years
d. Once in 10 years
e. Once in 5 years
4. Development of watershed and dry land farming is the part of which of the following points of the Twenty point Programe of the Government of India?
a. Kisan Mitra
b. Khadya Suraksha
c. Garibi Hatao
d. Jan Shakti
e. None of these
5. The high rate growth of economy certainly reduces
a. Gender inequalities
b. Poverty
c. Population of a county
d. Flow of foreign investment
e. None of these
6. In economic, it is generally believed that the main objective of a public sector financial company, like bank is to
a. Employ more and more people
b. Maximise total profits
c. Maximise total production
d. Provide financial services to the people across the country
e. Sell goods at subsidized
7. Whenever the RBI does some Open Market Operation transaction, it actually wishes to regulate which of the following?
a. Inflation only
b. Liquidity in economy
c. Borrowing powers of the banks
d. Flow of foreign direct investment
e. None of these
8. What is Repo Rate?
a. It is the rate at which RBI sells government securities to banks.
b. It is the rate at which banks borrow rupees from RBI.
c. It is the rate at which RBI allows small loans in the market
d. It is the rate which is offered by banks to their most valued customers or prime customers
e. None of these
9. In a company, the use of price-sensitive corporate information by the company people to make gains or cover losses is known as
a. Insider trading
b. Future trading
c. Foreign trading
d. Stock trading
e. None of these
10. As per the instructions of the RBI, banks are required to give what percentage of their priority sector lending to weaker sections of the society?
a.15%
b.25% .
c. 30%
d. 35%
e. 40%
11. The process of the total valuation of the financial assets of a company is technically known as ' :
a. Market capitalization
b. Gross Domestic Product
c. Net wealth of the country
d. Gross Domestic Resources
e. None of these
12. Many a time, we read about rural indebtedness in various newspapers and magazines. What are the main causes of the rural indebtedness?
A Poverty
B. Inability to repay loans
C. Zamindari System, which prevented farmers from owning the land
a. Only A
b. Only B
c. Both A and B
d. Only C
e. All of these
13. Very often we read about Special Economic Zones (SEZs) in newspapers. What is the purpose of promoting SEZs in India?
A. They are established to promote exports.
B. They are established to attract investments from foreign countries.
C They are established to help the poorest of the poor in India as the activities of these zones are reserved only for the poor and those living below the poverty line.
a. Only A
b. Only B
c. Only C
d. Only A and B
e. None of these
14. Which of the following is the percentage up to which FDI in defence sector is allowed?
a. 26%
b.41%
c. 31%
d.49%
e. None of these
15. The maximum amount of the total revenue earned by the Government of India comes from
a. Income Tax
b. Customs Duty
c. Excise Duty
d. Value Added Tax
e. Corporate Tax
16. Which public sector bank celebrated its Platinum Jubilee in late 2010?
a. Dena Bank
b. Bank of Maharashtra
c. Bank of Baroda
d. Canara Bank
e. None of these
17. Which of the following is not among the six infrastructure industries that comprise the "Core Sector"?
a. Crude oil
b. Petroleum refinery products
c. Chemicals and fertilizers
d. Coal
e. All the above
18. Who among the following will the chairperson of the committee set up by the RBI on "Customer Services in Banks"?
a. YV Reddy
b. Deepak Prakash
c. M Damodaran
d. Subbarao
e. None of these
19. Which of the following is the full form of 'BRA" as used in banking industry?
a. Brazilian and Russian Association
b. Banking Restructuring Act
c. Borrowing Risk Assessment
d. Banking Regulation Act
e. None of these
20. The Securities and Exchange Board of India has decided to allow _____ to visit SEBI Bhavan to help them learn about the capital market regulator. .
a. Students
b. Foreign investors
c. Tourists d. Press
d. Press
e. None of these
21. Which state government has announced to undertake a detailed census of cancer patients in the state?
a. Delhi
b. Haryana
c. Punjab
d. Orissa
e. None of these
22. The Central Government has revised wages of agricultural labourers under the Mahatma Gandhi National Rural Employment. The basic wage is revised once in
a. 2 Years
b. 3 Years
c. 4 Years
d. 5 Years
e. None of these
23. Which of the following cannot be called a Debt Instrument as referred in financial transactions?
a. Certificate of Deposits
b. Bonds
c. Stocks
d. Commercial Papers
e. Loans
24. Which of the following correctly describes sub-prime lending?
A. Lending to people with less than ideal credit status
B. Lending to people who are valued customers of the banks
C. Lending to those who are not regular customers of a bank
a. Only A
b. Only B
c. Only C
d. Only A and B
e. None of these
25. Which of the following services provided by a bank in India is not liable for taxation for Service Tax as per existing laws?
a. Safe Deposit Lockers
b. Merchant Banking Services
c. Credit cards
d. Discount earned on certain discounted bills
e. None of these
26. For the revival of which of the following fertilizer units of the Fertilizer Corporation of India has the Steel Authority of India Limited been the given the go-ahead by the Cabinet Committee on Economic Affairs (CCEA) recently?
a. Burnpur
b. Sindri
c. Rourkela
d. Bhilai
e. None of these
27. According to the latest figures released by the Commerce Ministry. What Is the percentage growth of India's exports durina 2010 -11?
a.46.%
b.45.7 %
c. 52 %
d. 56.9 %
e. None of these
28. Telecom Commission, the apex decision-making body of the Department of Telecom has permitted Imposition of a uniform licence fee of _______ on all telecom operators.
a. 6%
b. 6.6%
c. 8.5%
d.10%
e. None of these
29. Securities and Exchange Board of India (SEBI) has proposed to create regulations for alternative investment funds under the title 'SEBI (Alternative Investment Fund) Regulations'. With regard to this proposal, which of the following is/are not true?
a. SEBI made it optional for all types of private pools of capital or investment funds to seek registration with SEBI.
b. For PE funds, investments would be mainly in unlisted companies or companies proposed to be listed.
c. For infrastructure equity funds, minimum half of the investment would, have to be in equity of infrastructure projects/companies.
d. Only 1 and 2
e. None of these
30. Name the sports channel that has acquired the exclusive broadcast rights for Euro 2012 in the Indian subcontinent (India, Pakistan, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives) for `100 crore.
a. ESPN
b. DD Sports
c. Neo Sports
d. Ten Sports
e. None of these
31. NASA scientists have recently announced that they have found the first evidence of flowing water on which of the following planets.
a. Mars
b. Jupiter
c. Mercury
d. Venus
e. None of these
32. Italy approved a draft law banning women from wearing veils in public. Besides Italy which of the following nations have banned women from wearing veil in public?
a. India and Pakistan
b. China and Afghanistan
c. Belgium and France
d. Bangladesh and Bhutan
e. None of these
33. The Prime Ministers Economic Advisory Council headed by C Rangarajan has submitted its report on economy-"The Economic Outlook and the Review". Who among the following is not a member of it?
a. Suman K Bery
b. Dr Sumitra Chaudhary
c. M Govinda Rao
d. BB Bhattacharya
e. Dr KP Krishnan
34. Which of the following departments of the Government of India has initiated the Public Bicycle Scheme for 10 cities under the Mission for Sustainable Habitat?
a. Rural Development Ministry
b. Urban Development Ministry
c. Environment Ministry
d. Surface Transport Ministry
e. None of these
35. After allegations of bio-piracy complaints against US based multinational Monsanto with regard to Bt brinjal, for the hybrid research of which of the folio wing vegetable products is the National Biodiversity Authority of India (NBA) processing Monsanto's application?
a. Cauliflower
b. Bittergourd
c. Cabbage
d. Potato
e. Onion
36. Consider the following negative impacts on the Indian economy in the context of the ongoing US debt crisis:
A. Adverse impact on Indian exports
B. RBI will be forced to cut down interest rates
C. FDI flow will slow down.
a. Only A
b. Only A and B
c. Only A and C
d. All A, B and C
e. None of the above
37. Name the Indian executive in the global credit rating agency Standard and Poor's under whose leadership the decision of the historic credit downgrade of the United States was taken and later he was forced to step down.
a. Sanjay Saini
b. Karan Bhagat
c. Rajat Gupta
d. Devesh Sharma
e. None of these
38. Who has written the book The Financial inclusion: Imperative and Sustainable Approaches?'
a. Deepali Pant Joshi
b. C Rangarajan
c. M Damodaran
d. Amartya Sen.
e. None of these
39. Who is the author of the book Last Man In Tower?
a. Jhumpa Lahiri
b. Samit Basu
c. Aravind Adiga
d. Amit Chaudhary
e. None of these
40. Goldman Sachs; citing improvement in macroeconomic situation, has recently upgraded India's rating from 'underweight' to
a. Overweight
b. Market weight
c. In-line
d. Underperformer
e. Market outperformer
41. In which of the following states did the Sadar Hills District hood Demand Committee (SHDDC) recently impose an economic blockade in pursuance of their demand for a separate district?
a. Manipur
b. Meghalaya
c. Tripura
d. Assam
e. Arunachal Pradesh
42. In which of the following public sector companies has the government recently offloaded its stake to mop up revenue to the tune of Rs.1,144 crores?
a. Indian Oil Corporation
b. Rashtriya Ispat Nigam Limited
c. Power Finance Corporation
d. Hindustan Copper
e. None of these
43. What is the revenue target from disinvestment in Central public sector enterprises set in the Union Budget 2011-12?
a. Rs. 40,000 crore
b. Rs. 50,000 crore
c. Rs. 70,000 crore
d. Rs. 90,000 crore
e. None of these
44. In which of the following Western countries did large scale rioting take place in predominantly African and Caribbean neighbourhoods recently?
a. France
b. Germany
c. Italy
d. England
e. None of these
45. PC Alexander, who died recently, was a veteran
a. Bureaucrat
b. Nuclear scientist
c. Educationist
d. Environmentalist
e. None of these
46. Who is the chairman of the National Commission for Scheduled Castes?
a. Justice KG Balakrishnan
b. Wajahat Habibullah
c. Justice MN Rao
d. PL Punia
e. None of these
47. Justice Soumitra Sen, against whom impeachment proceedings have been initiated in the Parliament, is the judge of
a. Sikkim High Court
b. Kamataka High Court
c. Calcutta High Court
d. Guwahati High Court
e. None of these
48. Name the chief of the three-member interlocution team on Kashmir which is to submit its report to the government shortly.
a. NM Ansari
b. Rdha Kumar
c. Dileep Padgaonkar
d. Karan Singh
e. None of these
49. Who is the author of the book Through the Corridors of Power: Insider Story?
a. HNHaksar
b. Brijesh Mishra
c..CP Bhambhri
d. Kuldip Nayar
e. PC Alexander
50 Which of the following states provides the Vishwakarma Contributory Pension Scheme to the labourers of 20 trades of the unorganized sector?
a. Uttar Pradesh
b. Punjab
c. Madhya Pradesh
d. Bihar
e..Rajasthan
ANSWERS:
1. b 2. b 3. e 4. a 5. b 6. d 7. b 8. b 9. a 10. a
11. a 12. e 13. d 14. a 15. c 16. b 17. c 18. c 19. d 20. a
21. c 22. d 23. c 24. a 25. c 26. b 27. d 28. c 29. c 30. c
31. a 32. c 33. d 34. b 35. e 36. c 37. d 38. a 39. c 40. b
41. a 42. c 43. a 44. d 45. a 46. d 47. c 48. c 49. e 50. e 
Thanx for posting...
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