Showing posts with label PRACTICE QUESTIONS. Show all posts
Showing posts with label PRACTICE QUESTIONS. Show all posts

Sunday 20 November 2011

IBPS BANKING AWARENESS PRACTICE MODEL PAPER

1.    From which state was the Janani 0 Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?
1) Kerala
2) Maharashtra
3) Haryana
4) Rajasthan
5) None of these

2.    RBI has decided to release a Rs. 5 coin mark 1000 years of which temple recently ?
1) Sabarimala Temple
2) Kashi Vishwanath Temple, Varanasi
3) Brihadeeswara Temple, Thanjavur
4) Vaishno Devi Temple
5) None of these

3.    Which of the following approved $ 1 billion loan for the National Ganga River Basin Project recently ?
1) UNEP
2) ADB
3) World Bank
4) All above jointly
5) None of these

4.    The revised estimates of national income for the financial year 2010-11 were released by the Central Statistical Organisation (CSO) on May 31, 2011. Which of the following statements is / are correct ?
 I) Gross Domestic Product (GDP) at factor cost at 2004-05 prices is Rs. 4877842 crore
 II) Per Capita GDP at factor cost at 2004-05 prices is Rs. 38,247
 III) Per Capita Net National Incoem (NNI) at factor cost at 2004-05 prices is Rs. 35,917
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these

5.    The government has set up ......... Vidyut Vyapar Nigam' as the Central Agency to purchase solar power from the developers and sell it to distribution companies such as state electricity boards.
1) BHEL
2) NHPC
3) REC
4) NTPC
5) None of these

6.    The Reserve Bank of India (RBI) announced a change in its overseas direct investment guidelines to give Indian companies more flexibility in managing international joint ventures (JVs) and wholly-owned subsidiaries. Which of the following statements is / are correct ?
I) Listed companies will be allowed to write off 25 per cent capital, loans and other receivables such as royalty and management fee of their JVs and wholly-owned subsidiaries without seeking RBI permission
II) These guidelines will be applicable for JVs in which Indian promoters own at least 51 per cent
III) Existing regulations allow restructuring of balance sheets only for winding - up of JVs and wholly - owned subsidiaries abroad
1) II only
2) I and II only
3) III and I only
4) I, II and III
5) None of these

7.    Which public sector bank is associated witht he launch of India's first Gramin Bank (Rural Bank) ATM Card in asociation with Vranasi - based Kashi Gomti Samyut Gramin Bank and National Payments Corporation of India (NPCI) recently ?
1) Allahabad Bank
2) SBI
3) Canara Bank
4) UBI
5) None of these

8.    The government announced the setting up of a special wing - Directorate of Income Tax (Criminal Investigation) - to investigate criminal offences under direct tax laws recently. Which of the following statements is / are correct ?
I) It will work under the purview of Enforcement Directorat
II) It will cover evasion of income tax and corporate tax
III) It will cover evasion of excise and customs duties
1) I only
2) I and II only
3) II only
4) III only
5) None of these

9.    Which of the following is not among the five-fold strategy adopted by the government to tackle the menace of illicit funds ?
1) Joining global crusade against 'black money'
2) Creating an appropriate legislative framework
3) Setting up institutions for dealing with Illicit Funds
4) Offering amnesty schemes to bring back black money
5) None of these

10.    The National Food Security Mission (NFSM) does not cover :
1) Rice
2) Coarse Cereals
3) Pulses
4) All the above
5) None of these

11.    Which of the following statements about rules governing the New Pension Scheme (NPS) is / are correct ?
I) Fund managers under NPS can be from public sector as well as private sector
II) NPS funds cannot be invested in equity markets
III) Both government and private sector employees can invest in NPS
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these

12.    SCORES is a complaints redressal system launched by :
1) SEBI
2) IBA
3) CBDT
4) CCI
5) None of these

13.    Direct tax collections account for what share of GDP in India ?
1) 9.26 per cent
2) 7.62 per cent
3) 5.66 per cent
4) 4.72 per cent
5) None of these

14.    The government has increased the duty - free import quota for garments from which neighbouring country by two million pieces to 10 million recently ?
1) Nepal
2) Bangladesh
3) Myanmar
4) Bhutan
5) None of these

15.    The Committee set up to review the functioning of the National Small Savings Fund (NSSF) submitted its report to the Finance Ministry recently. Which of the following statements is / are correct ?
I) It has recommended an increase in the ceiling on annual subscriptions in Public Provident Fund (PPF).
II) It has recommended an upward revision of the rate of interest in Post Office Saving Account from 3.5% to 4%.
III) It has recommended in increae in the compulsory investment of net small savings collections in State Government Securities
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these

16.    Which of the following statements regarding recent changes in the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is / are correct ?
I) Age limit for identification of beneficiaries has been lowered
II) 60 years is the new age limit for identification of beneficiaries
III) Monthly pension has been increased for al beneficiaries
1) I only
2) I and II only
3) II only
4) I, II and III
5) None of these

17.    The draft National Manufacturing Policy was given in - principle approval by a High Level Committee on Manufacturing, held under the Chairmanship of the Prime Minister recently. Which of the following statements is / are correct ?
I) The objective is to generat 100 million additional jobs by 2025
II) The objective is to raise the share of manufacturing in GDP to 30% by 2025
III) Manufacturing Industry Promotion Board (MIPB) should be set up to facilitate overseas investments by Indian companies
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

18.    The government announced certain changes in the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) recently. Which of the following statements is / are correct ?
I) More than 3 crore persons are covered under the IGNOAPS currently
II) Total additional requirement of funds for implementing the changes will be Rs. 2,770 crore in 2011-12
II) Age limits for windows and disabled covered under the scheme has been lowered
1) I only
2) I and II only
3) II only
4) II and III only
5) None of these

19.    The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than ...... people.
1) 500
2) 1000
3) 1500
4) 2000
5) None of these

20.    The new series of the Index of Industrial Production (IIP) was unveiled recently. Which of the following statements is / are correct ?
 I) 2004-05 will be the base year
 II) The weight of manufacturing in the new IIP has been increased
 III) The weight of mining and electricity has been reduced in the new IIP
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

21. The government replaced the Duty Entitlement Pass Book [DEP(2)] scheme of export promotion replaced with Duty Drawback scheme on September 30. Which of the following statements is / are correct?
 I) DEPB was a reimbursement of Customs duty paid by an exporter on an imported input used in the export product
 II) DEPB was a cashless export promotion scheme
III) DEPB was administered by the revenue department of Finance Ministry
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these

22.    What is the interest rate in 2011-12 on fresh loans for farmers who have repaid their previous short - term loans on time ?
1) 3%
2) 4%
3) 5%
4) 6%
5) None of these

23.    Which of the following indexes was coined by economist Arthur Okun ?
1) Corruption Perception Index
2) Network Readiness Index
3) Terrorism Risk Index
4) Misery Index
5) None of these

24.    Which of the following category of workers were included under the Rashtriya Swasthya Bima yojana (RSBY) recently ?
1) Railway porters
2) Beedi workers
3) Carpenters
4) Masons
5) None of these

25.    Which of the following have been disallowed from opening branches abroad by the RBI recently ?
1) Private sector banks   
2) Pension Funds
3) Cooperative banks
4) NBFCs
5) None of these

26.    Which of the following is the power excahnge being set up by NPTC ?
1) Bharat Power Exchange Ltd
2) National Power Exchange Ltd
3) Power Exchange India Ltd
4) None of the above
5) None of these

27.    India has filed an application for an extension of its Exclusive Economic Zone (EEZ) from ...... nautical miles to ............. nautical miles with the United Nations Commission on the Law fo the Sea
1) 100, 300
2) 200, 250
3) 100, 250
4) 200, 350
5) None of these

28.    Which was India's best performing state during 1980-2004 in terms of productivity of the organised manufacturng sector, according to a RBI sponsored study unveiled recently ?
1) Bihar
2) Tamil Nadu
3) Karnataka
4) Haryana
5) None of these

29.    What was the insurance penetration (percentage of insurance premium to Gross Domestic Product) in India in 2009 according to figures released by the Finance Ministry in August 2011 ?
1) 3.14
2) 4.80
3) 4.70
4) 5.39
5) None of these

30.    Indian - mining companies have bid for a stake in Hajigak ..... ore mines in Afghanistan
1) Bauxite
2) Copper
3) Iron
4) Coal
5) None of these

31.    India and ir Lanka signed a MoU to develop the ....... port in July 2011
1) Kankesanthurai
2) Hambantota
3) Trincomalee
4) Galle
5) None of these

32.    The establishment of Serious Fraud Investigation Office to tackle white collar crimes is based on the recommendations of :
1) Vepa kamesam committee
2) J. Venkateswarlu committee
3) Jaydeep N. Shah committee
4) Nilesh S. Vikamsey committee

33.    'Sukhi Griha Parikalpana' is a housing welfare scheme for rehabilitation of slum dwellers launched by which central government ministry?
1) Railway   
2) Rural Development
3) Urban Development
4) Labour & Employment
5) None of these

34.    A draft policy on foreign direct investment (FDI) in multi-brand retail was unveiled by a committee of secretaries (CoS) in July 2011. Which of the following statements regarding current FDI policy in retail is / are correct ?
I) FDI upto 10% is permitted in multi-brand retail.
II) 100% FDI is permitted in cash & carry wholesale trade
III) FDI upto 51% is permitted in single - brand retail
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

35.    The government approved the acquisition of ...... Commercial and International Bank Ltd.' by ........ was approved by the government in July 2011.
1) State Bank of India
2) Bank of India
3) Axis Bank
4) ICICI
5) None of these

36.    What is the base year of the new series of Consumer Price Indices (CPI) for rural, urban and combined introduced by the govenment in January, 2011 ?
1) 2005
2) 2007
3) 2008
4) 2010
5) None of these

37.    Which of the following was imposed a penalty of Rs. 55.5 crore for abusing its dominant position in the currency derivative (CD) market in June 2011 ?
1) National Stock Exchange
2) MCX-SX
3) Bombay Stock Exchange
4) OTCEI
5) None of these

38.    Use of the which of the following softwares in reporting financial results of companies was made compulsory by the government recently?
1) XBRL
2) Tally
3) HTML
4) COBOL
5) None of these

39.    What is the minimum time of operation an insurance company is required to launch an initial public offer (IPO) ?
1) 3 years
2) 5 years
3) 7 years
4) 10 years
5) None of these

40.    The Finance Ministry recently unveiled the structure of the infrastructure debt funds (IDFs) proposed in Budget 2011-12. Which of the following statements is / are correct ?
I) IDF can be set up as a mututal fund (MF)
II) IDF can be set up as a non - banking finance company (NBFC)
III) IDF can be regulated by RBI or SEBI
1) I and II only
2) II only
3) II and III only
4) I, II and III
5) None of these

41.    The securities and Exchange Board of India (SEBI) announced key changes int he Takeover Code governing mergers and acquisitions of companies in the country in July 2011. According to the new rules an investor whose shareholding in a company exceeds a certain limit will have to make an open offer to acquire a further ..... of the shareholding of the company
1) 18%
2) 20%
3) 24%
4) 26%
5) None of these

42.    The comprehensive economic partnership agreement (CEPA) between India and Japan came into effect on August 1, 2011. This is India's third CEPA after .......
1) USA and United Kingdom
2) Singapore and South Korea
3) Malaysia and Thailand
4) China and Hong Kong
5) None of these

43.    The European Union has decided to lift restrictions on India's export of which of the following passing through European ports ?
1) Processed food   
2) Cheap medicines
3) Arms and Ammunition   
4) Radioactive waster
5) None of these

44.    Which state has the highest slum population in India according to Housing and Urban Poverty Alleviation Ministry ?
1) Maharashtra
2) Andhra Pradesh
3) Uttar Pradesh
4) West Bengal
5) None of these

45.    What is India's Per Capita Income at current prices in 2010-11 ?
1) Rs. 41,532
2) Rs. 45,278
3) Rs. 49,294
4) 54.835
5) None of these

46.    What is the share of Micro, Small and Medium Enterprises (MSMEs) in India's industrial production ?
 1) 8.72%
2) 16.18%
3) 24.67%
4) 44.86%
5) None of these

47.    The M. Damodaran committee on customer services by banks has suggested sweeping changes in banking practices in its report submitted to the Reserve Bank of India (RBI) in August 2011. Which of the following statements regarding its recommendations is / are correct ?
I) There should be a common customer service call centre for all banks
 II) Insurance cover for deposits should be raised to Rs 500, 000 from Rs 100,000 now
 III) Banks should offer savings accounts with facilities like cheque facility, ATM card, etc without prescribing a minimum balance requirement
1) I only
2) I and II only
3) II and III only
4) I, II and III

48.    The State Bank of India (Subsidiary Banks Laws) Amendment Bill 2009 was passed by the Lok Sabha on August 11, 2011. Which of the following statements is / are correct ?
I) It allows subsidiary banks of State Bank of India (SBI) to raise capital through public issue route or through preferential allotment of equity shares
II) It authorises the Centre  to approve increase in or reduction of the authorised capital of a subsidiary bank
III) It permits the SBI Chairman to nominate an official of the State Bank or the subsidiary bank as the Chairman of the Board of a subsidiary bank
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

49.    Which of the following is / are sold below market price to consumers in India ?
1) Kero sene
2) Diesel
3) LPG
4) All the above
5) None of these

50.    The Standing Committee on Petroleum and Natural Gas in its report submitted on August 3, 2011 has called for an end to sale of subsidised domestic cooking gas (LPG) for people with income of more than ....... per annum.
1) Rs 2 lakh
2) Rs 3 lakh
3) Rs 4 lakh
4) Rs 6 lakh
5) None of these

ANSWERS:
    1) 3    2) 3    3) 3    4) 4    5) 4    6) 4        7) 4    8) 3    9) 4    10) 2
11) 4    12) 1        13) 3    14) 2    15) 2    16) 2    17) 1    18) 4        19) 1  20) 1  
21) 2    22) 3    23) 4    24) 2        25) 4    26) 2    27) 4    28) 1    29) 4  30) 3      
31) 1    32) 1    33) 1    34) 4    35) 1    36) 4  37) 1    38) 1    39) 4    40) 4
41) 4    42) 2    43) 2    44) 1    45) 4    46) 4    47) 4    48) 4        49) 4    50) 4

Saturday 12 November 2011

IBPS GENERAL AWARENESS PRACTICE MODEL QUESTIONS

1.Michael D.Higgins replaced Mary McAleese as the President of which of the following countries?
1) Colombia
2) Ireland
3) Switzerland
4) Zimbabwe
5) Sweden

Answer: (2)

2.Who is the author of the book 'I was There-Memoirs of a Cricket Administrator'?

1) Ajit Wadekar
2)Chandu Borde
3) Jaywant Lele 

4) Kirti Azad
5) Sharad Pawar

Answer: (3)


3.Devinder Pal Singh became the Chairman and Managing Director of which of the following banks in November 2011?

1) BOB
2) IOB
3) OBC
4) Punjab & Sind Bank
5) Punjab National Bank

Answer: (4)

4.Irom Sharmila Chanu's fast entered 12th year in November 2011. She is demanding the repeal of the Armed Forces (Special Powers) Act, 1958 in which of the following states?

1) Manipur
2) Nagaland
3) Tripura
4) West Bengal
5) Jammu & Kashmir

Answer: (1)

5.Bhupen Hazarika, Dada Saheb Phalke award winner, passed away recently. He was a music legend from which of the following states?

1) Orissa
2) Assam
3) Bihar
4) Jharkhand
5) West Bengal

Answer: (2)

6.Which city hosted the G20 Summit in November 2011?

1) Beijing
2) Toronto
3)Cannes
4) London
5) Seoul

Answer: (3)

7.India signed an agreement to promote oil exploration in South China Sea with which of the following countries during its President Troung Tan Sang's visit to New Delhi in October 2011?

1) Myanmar
2) China
3) Cambodia
4) Vietnam
5) Thailand

Answer: (4)

8.India's Polar Satellite Launch Vehicle(PSLV-C18)put VesselSat in orbit recently. Which country has built this satellite that will help in locating ships?

1) France
2) Luxembourg
3) USA
4) Germany
5) Russia

Answer: (2)

9.Which of the following statements about the HDI is/are correct?

1)The Human Development Report (HDR) 2011, released by the United Nations Development Programme (UNDP), has ranked India at 134th among 187 countries in the Human Development Index (HDI).
2)Norway topped the list for the second consecutive year. Democratic Republic of the Congo is ranked the last.
3)The HDI is a comparative measure of life expectancy, literacy and standards of living for countries worldwide.
4)The index was developed in 1990 by economists Mahbub ul Haq (Pakistan) and Amartya Sen (India).
5) All the above statements are correct.

Answer: (5)

10.The Special Protection Group (SPG) is responsible for the protection of the Prime Minister of India. Who was appointed the new Director of the SPG in November 2011?

1) B.V.Wanchoo
2) K.Durga Prasad
3) S.Subramaniam
4) K.Aravind Rao
5) None of these

Answer: (2)

11.The President of Myanmar visited India recently. His name?

1) U Thein Sein
2) U Aye Myint
3) Than Shwe
4) U Thant
5) None of these

Answer: (1)

12.Which country will host the World Steel Conference in October 2012?

1) China
2) India
3) Japan
4) USA
5) Australia

Answer: (2)

13.The American computer scientist who created the C programming language passed away recently. His name?

1) Steve Jobs
2) Dennis Ritchie
3) Ken Thompson
4) Patrick Fischer
5) None of these

Answer: (2)

14.Two former Presidents were awarded the 2011 World Food Prize for their success in tackling chronic hunger in their countries. One is Luiz Inacio Lula da Silva (Brazil) and the other is John Ag-yekum Kufuor. John Kufuor is the former President of which of the following African countries?

1) Sudan
2) Angola
3) Nigeria
4) Ghana
5) Ethiopia

Answer: (4)

15.Which team won the Durand Cup football tournament in October 2011? (It is the oldest football tournament in India)

1) Churchill Brothers
2) Prayag United
3) Mohun Bagan
4) Chirag United Kerala
5) None of these

Answer: (1)

16.Indian-American Bobby Jindal has been re-elected to a second term as the Governor of which of the following states in the USA?

1) Texas
2) Louisiana
3) Alaska
4) California
5) South Carolina

Answer: (2)

17.World Diabetes Day is observed every year on which of the following days?

1) October 31
2) November 19
3) November 21
4) November 14
5) November 9

Answer: (4)

18.Queen Elizabeth is the constitutional monarch of how many sovereign nations in the world?

1) 9
2) 16
3) 25
4) 8
5) 11

Answer: (2)

19.Which country has test -fired nuclear capable Hatf-7 or Babur cruise missile with a range of 700 km?

1) Afghanistan
2) Pakistan
3) Iran
4) Syria
5) Iraq

Answer: (2)

20.In the October 2011 Tunisian Constituent Assembly election, the first elections since the Tuni-sian Revolution, which party won 91 of the 217 assembly sea-ts, far more than any other party?

1) Ennahda
2) PDP
3) Ettakatol
4) Al Aridha
5) Congress for the Republic

Answer: (1)

21.November 11 is celebrated as the National Education Day. It commemorates the birthday of which of the following eminent personalities?

1) S.Radhakrishnan
2) C.V.Raman
3) B.C.Roy
4) A.P.J Abdul Kalam
5) Maulana Abul Kalam Azad

Answer: (5)

22.Which country has unveiled the world's biggest and heaviest gold coin, weighing 1,012 kilograms?

1) USA
2) UK
3) Qatar
4) Australia
5) Saudi Arabia

Answer: (4)

23.Which country has the world's largest uranium reserves (24% of the planet's known reserves)?

1) Australia
2) Russia
3) Namibia
4) Ukraine
5) Mongolia

Answer: (1)

24.According to the latest Forbes India 100 richest persons list who is the world's richest Indian with a net worth of $ 22.60 billion?

1) Mukesh Ambani
2) Lakshmi Mittal
3) Azim Premji
4) Shashi Ruia & Ravi Ruia
5) Savitri Jindal

Answer: (1)

25.Whose autobiography is titled "A Shot at History"?

1) Gagan Narang
2) Abhinav Bindra
3) Rahul Dravid
4) Manavjit Singh Sandhu
5) None of these

Answer: (2)

26.Megha Tropiques, the satellite that studies the patterns and dynamics of the monsoon was launched from Sriharikota in October 2011. It is a joint venture between India and which of the following countries?

1) Spain
2) Greece
3) France
4) Portugal
5) USA

Answer: (3)

27.Who was crowned the Miss World 2011 at the 61st edition of the Miss World pageant that was held in London in November 2011?

1) Ivian Sarcos (Venezuela)
2)Gwendoline Ruais (Philippines)
3) Amanda Perez (Puerto Rico)
4) Kanishtha Dhankhar (India)
5) None of these

Answer: (1)

28.Fed Cup is the premier team competition in women's tennis. Which country won the Fed Cup in November 2011?

1) Czech Republic
2) Russia
3) USA
4) Spain
5) Italy

Answer: (1)

29.Which of the following statements is not true with regard to Census 2011?

1)Census 2011 is the 15th Natio-nal Census since 1872 and the 7th after indePendence.
2)The population of India is 121.01 crores compared to the 2001 population of 102.87 crores. (An increase by 181 million)
3)Uttar Pradesh is the most populous state with 19.95 crores while Sikkim is the least populated state (6.07 lakhs)
4)India is now home to 17.5 percent of the world's population-compared to China which hosts 19.4 percent.
5)The literacy rate has increased from 64.83 percent in 2001 to 70.04 percent in 2011.

Answer: (5)
 
30. The Order of St. Andrew, Russia’s top medal was conferred on which of the following given personality recently?
1) Vladimir Putin 
2) Dmitry Medvedev 
3) Mikhail Gorbachev 
4) Boris Yeltsin
5) None 
Answer: (3)

Sunday 6 November 2011

IBPS CLERKS EXAM GENERAL STUDIES PRACTICE QUESTIONS

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         

Saturday 5 November 2011

GENERAL AWARENESS MCQs FOR BANK EXAMS


1. Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?
(A) Nil Accounting Variation
(B) Net Accounting Venture
(C) Net Asset Value
(D) New Asset Venture
(D) None of these
Ans : (C)

2. As per reports published in various news papers, mutual fund companies showed 94 per cent growth in their total profits during 2009-10. This means the profits earned by these companies were 94 percent—
(A) Of the total investments they made collectively during the year
(B) More than their profits during previous year
(C) Of the total capital of the company
(D) Less than the total expenditure of the companies
(D) None of these
Ans : (B)

3. As per the news published in various news papers Pakistan has imposed 15 per cent regulatory duty on exports of cotton yarn. Why countries are required to impose regulatory duties on exports of some of their commodities while in the eyes of the layman more exports means more foreign exchange and more revenue for the Govt. ?
1. It is done to control the exports of a commodity as it may be needed more in local markets than in foreign countries.
2. It is done to control the general inflation in the country as the inordinate exports of various commodities create imbalance and also cost push inflation.
3. It is a good short time measure to collect more revenue from the exports of the commodity which is in high demand in overseas markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

4. As per the reports published in some major news papers 'ADAG companies' made good profits during the year. ADAG companies are popularly known as—
(A) Companies owned by Tata Group
(B) Aditya Birla Companies
(C) Reliance companies
(D) Companies owned by Aptech
(E) None of these
Ans : (C)

5. ONGC – Mittal Energy finds hydrocarbons in two blocks OPL-279 & OPL-285 in Nigerian sea was the news in some major news papers. what is the full form of the term OPL as used in the above head line ?
(A) Oil Prospecting License
(B) Ownership and Partnership Lease
(C) Overseas Private Line
(D) ONGC Petroleum Ltd.
(E) None of these
Ans : (A)

6. "Mutual Funds reported exceptional performance in 2009-10" was the news in major financial news papers recently. What is a mutual fund ?
1. A type of collective investment scheme that pools money from many investors and invest it in stocks, bonds or other money market instruments.
2. It is a subsidiary of a bank or financial company created specially to ralse money to be invested in a particular industry i.e. housing or insurance etc. The money raised thus cannot be invested anywhere else.
3. When several banks and financial companies come together and create a common pool of money to fund
mega infrastructural project like bridges, roads, power plants etc. the common pool is known as Mutual Fund.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (B)

7. As we all know the Bank Rate at present is fixed at 6%. What does it mean in context to the banking operations ?
(A) No bank will be able to give loan to any party on a rate lower than the Bank Rate
(B) Bank should give loan to their priority sector customers/borrowers at the rate of 6% only. They cannot charge less or more than this from their priority sector clients
(C) Banks are required to invest 6% of their total capital on financial inclusion and inclusive banking operations
(D) Banks will be required to give 6% of their total deposits to the Govt. of India for meeting its Balance of Trade requirements
(E) None of these
Ans : (A)

8. As per the reports in various news papers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organizations/agencies issue the licence for the same ?
(A) Securities & Exchange Board of India (SEBI)
(B) Indian Institute of Banking & Finance (IIBF)
(C) Indian Bank Association
(D) Registrar of Companies
(E) None of these
Ans : (E)

9. We very frequently read about Europe's Sovereign—debt crisis these day. Which of the following statement/s is/are true about the same ?
1. In early 2010 the Euro crisis developed in some countries like Greece, Spain and Portugal.
2. This created a credit default swap between the countries of the European Union.
3. SAARC countries have offered some assistance to some of severely affected countries like Portugal, Spain & Greece.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

10. As we all know the RBI has raised the Cash Reserve Ratio (CRR) by 25 bps. in April 2010. What action banks will have to take to implement the same ?
1. They will have to deposit some more money with the RBI as a reserved money.
2. Banks will be required to give some more loan to projects of the priority sector.
3. Banks will be required to give loan equivalent to the CRR to the Govt. of India for its day to day expenditure as and when required.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (A)

11. As per estimates given by the RBI the Economic Growth during the year 2010-11 will be at which of the following levels ?
(A) 6.5%
(B) 7%
(C) 7.5%
(D) 8%
(E) None of these
Ans : (D)

12. Which of the following is/are correct about the RBI's credit policy announced in April 2010 ?
1. Repo rate raised by 25 bps.
2. A new reporting platform was introduced for secondary market transactions in Certificate of Deposits (CDs) and Commercial Papers (CPs).
3. Core Investment Companies (CICs) having an asset size of Rs. 100 crore are required to register also with the RBI.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

13. As per the announcement made by the RBI some Stock Exchanges in India are allowed to introduce Plain Vanilla Currency Options. The term Plain Vanilla Currency Options is associated with which of the following activities / operations ?
(A) Dollar – Rupee Exchange Rate
(B) Floating of Commercial Papers
(C) Launch of new mutual funds
(D) Deciding the opening price of a share on a particular business day
(E) None of these
Ans : (A)

14. Which of the following is not a term related to banking/finance operations ?
(A) Provision Coverage Ratio
(B) Securitization
(C) Consolidation
(D) Commodification
(E) Derivatives
Ans : (C)

15. The process of "Artificial Application of Water to the soil usually for assisting in growing crops", is technically known as—
(A) water harvesting
(B) irrigation
(C) water recharging
(D) percolation
(E) None of these
Ans : (B)

16. As per the news published in major news papers/journals henceforth the Credit Card holders will be able to access their credit card information though automated interactive voice response system over the phone instead of speaking to the staff. This decision ofthe banks/credit card companies will provide—
1. an additional hurdle to the customers as people feel comfortable in talking to the staff instead of talking to a machine.
2. an additional security to the customers as this does not allow any staff to handle any transaction directly.
3. some comfort to the banks as they will be able to reduce their staff strength.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) Only 1 and 3
Ans : (B)

17. The 34th National Game which were postponed several times are scheduled to be held in which of the following states ?
(A) Gujarat
(B) Kerala
(C) Tamil Nadu
(D) Uttar Pradesh
(E) Jharkhand
Ans : (E)

18. Waste Water generates which of the following gases which is more powerful and dangerous than CO2 ?
(A) Nitrogen
(B) Sulphur di-oxide
(C) Hydrogen
(D) Methane
(E) None of these
Ans : (D)

19. Which of the following days was observed as World Water Day 2010 ?
(A) 20th June
(B) 22nd July
(C) 22nd March
(D) 20th May
(E) None of these
Ans : (C)

20. Late Vinda Karandikar who died a few months back was a famous—
(A) Author
(B) Cine-Actor
(C) Sportsman
(D) Classical Singer
(E) Social Worker
Ans : (A)

21. As per the reports published recently the Govt. of India has decided to create a separate agency/body scrutinize all Foreign Direct Investments (FDIs) officially. Up till now the security screening was
being done by the—
(A) Ministry of Foreign Affairs Govt. of India
(B) Reserve Bank of India
(C) Securities & Exchange Board of India
(D) Ministry of Finance, Govt. of India
(E) Ministry of Home Affairs Govt. of India
Ans : (E)

22. As per the news reports in various news papers the USA has outlined some major policy goals to prevent the danger of nuclear terrorism. Which of the following is/are included in those policy goals ?
1. Convene a nuclear security summit within a year's time under the leadership of the USA.
2. A new agreement/pact should be introduced in place of present Nuclear Non Proliferation Treaty (NPT).
3. Call for a global effort to secure all nuclear weapons at all vulnerable sites all over the world.
(A) Only 1
(B) Only 2
(C) Only 1 and 3
(D) Only 2 and 3
(E) All 1, 2 and 3
Ans : (E)

23. 'Indira Gandhi Canal' which is around 450 km long provide irrigation facility mainly to which of the following states ?
(A) Punjab
(B) Haryana
(C) Madhya Pradesh
(D) Gujarat
(E) Rajasthan
Ans : (E)

24. Former caption of the Indian Cricket team, Ajit Wadekar is conferred which of the following awards for the year 2010 ?
(A) Bharat Ratna
(B) Khel Shri Award
(C) Dronacharya Award
(D) Rajiv Gandhi Khel Ratna Award
(E) None of these
Ans : (E)

25. Who amongst the following is the director of the popular Hindi film "Oye Lucky ! Lucky Oye" ?
(A) Mani Ratnam
(B) David Dhavan
(C) Dibankar Banerjee
(D) R. Balakrishnan
(E) None of these
Ans : (C)

26. India recently signed an agreement to import Liquified Natural Gas (LNG) from a country which is the largest LNG producer and supplier of the world. Which is that country ?
(A) Kuwait
(B) Qatar
(C) Iran
(D) Saudi Arabia
(E) None of these
Ans : (B)

27. As a measure to help countries hit by global financial meltdown the RBI has purchased notes worth US $ 10 billion in terms of Special Drawing Rights from a World Organisation/agency. Which is this agency/organization ?
(A) Federal Reserve of U.S.A.
(B) Asian Development Bank
(C) World Bank
(D) International Monetary Fund
(E) None of these
Ans : (D)

28. Which of the following is not a public sector undertaking under the Ministry of Defence, Govt. of India ?
(A) Mazagaon Dock Ltd.
(B) Garden Reach Shipbuilders and Engineers Ltd.
(C) Bharat Heavy Electricals Ltd.
(D) Hindustan Aeronautics Ltd.
(E) Bharat Earth Movers Ltd.
Ans : (C)

29. Which of the following states won the senior National Women's Football Tournament 2010 ?
(A) Manipur
(B) Assam
(C) Tamil Nadu
(D) Kerala
(E) Delhi
Ans : (A)

30. Which of the following is not a missile developed by the Defence Research and Development Organisation (DRDO) ?
(A) Shaurya
(B) Pinaka
(C) Brahmos
(D) Agni
(E) Nag
Ans : (A)

31. Which of the following declarations/treaties was adopted by the BRIC countries recently to promote Global Food Security ?
(A) Moscow Declaration
(B) Doha Treaty
(C) Delhi Declaration
(D) Kabul Treaty
(E) None of these
Ans : (A)

32. Which of the following statements represent(s) the main objective(s) of the revised National Health Policy–2002 of the Govt. of India ?
1. Increase Public expenditure from 0•9 per cent to 2 per cent of the GDP.
2. Setting up of Medical Grants Commission for funding new Govt. Medical & Dental colleges.
3. Mandatory two years rural posting before awarding the degree to Medical Graduates.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)

33. Which of the following metals is used for genration of nuclear Energy by most of the Nuclear Power Plants ?
(A) Zinc
(B) Platinum
(C) Uranium
(D) Nickel
(E) None of these
Ans : (C)


34. Indus Water Treaty is a pact on sharing of river water between India and—
(A) Bangladesh
(B) Pakistan
(C) Nepal
(D) Afghanistan
(E) Myanmar
Ans : (B)

35. The Union Cabinet recently cleared Prohibition of unfair Practices in Technical Medical Educational Institutes and Universities Bill 2010. As per the bill which of the following will now be treated as a cognizable offence ?
(A) Accepting capitation fee from the students
(B) Running a private college
(C) Not allowing students to change their course in between
(D) Running a college without proper facilities
(E) None of these
Ans : (A)

36. Which of the following is/are considered a Renewable Source of Energy ?
1. Wind Energy
2. Solar Energy
3. Nuclear Energy
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (D)

37. Which of the following countries is not amongst the top ten in industrial production in the world during 2010 ?
(A) India
(B) Iran
(C) China
(D) France
(E) U.S.A.
Ans : (B)

38. Commonwealth Games 2010 are being organized in which of the following countries ?
(A) Australia
(B) South Africa
(C) Canada
(D) New Zealand
(E) India
Ans : (E)

39. Which of the following is not a banking related term ?
(A) Radiation
(B) Outstanding amount
(C) Benchmark Prime Lending Rate
(D) Explicit Guarantee
(E) Creditor
Ans : (A)

40. Insurance service provided by various banks is commonly known as—
(A) Investment Banking
(B) Portfolio Management
(C) Merchant Banking
(D) Bancassurance
(E) Micro Finance
Ans : (D)

41. Who amongst the following has recently taken over as the Chairman of the 19th Law Commission ?
(A) Mr. A. R. Lakshmanan
(B) Mr. P. V. Reddy
(C) Mr. Yashwant Sinha
(D) Mr. Ranjan Bharti Mittal
(E) None of these
Ans : (B)

42. Moortidevi Award is given for excellence in the field of—
(A) Classical dance
(B) Literature
(C) Classical music
(D) Cinematography
(E) Social service
Ans : (B)

43. Which of the following terms is used in the game of Cricket ?
(A) Love
(B) Tee
(C) Penalty stroke
(D) No Ball
(E) None of these
Ans : (D)

44. Which of the following awards is given by an agency of the United Nations Organization ?
(A) Normon Borloug Award
(B) Kalinga Prize
(C) Ramon Magsaysay Award
(D) Pulitzer Prize
(E) None of these
Ans : (B)

45. Which of the following countries won the Hockey World Cup 2010 ?
(A) Spain
(B) England
(C) India
(D) Australia
(E) None of these
Ans : (D)

46. Who amongst the following is the author of the English novel 'solo', which was given Common Wealth Writers' Prize 2010 ?
(A) Aamer Hussain
(B) Jonathan Tel
(C) Rana Dasgupta
(D) John Torrence Tate
(E) None of these
Ans : (C)

47. Mr. Surjit Patar who was awarded Saraswati Samman recently is a well known poet of—
(A) Hindi
(B) English
(C) Punjabi
(D) Urdu
(E) Bengali
Ans : (C)

48. Which of the following is the book written by Kiran Desai ?
(A) Higher than Everest
(B) A Passage to England
(C) Affluent Society
(D) All my Yester Years
(E) The Inheritance of Loss
Ans : (E)

49. Which of the following Trophies/cups is associated with the game of Hockey ?
(A) Durand Cup
(B) Santosh Trophy
(C) Rangaswami Cup
(D) Ranji Trophy
(E) K. D. Singh Babu Trophy
Ans : (C)

50. Sandra Bullock who was awarded Oscar recently is a famous—
(A) Actress
(B) Director
(C) Music Composer
(D) Screen play writer
(E) None of these
Ans : (A)

Wednesday 26 October 2011

IBPS GENERAL AWARENESS PRACTICE QUESTIONS

 
1. Which of the following teams won this season’s Indian Premier League (IPL) cricket cup?
a) Royal Challengers Bengalore          
b) Mumbai Indians
c) Kolkata Knight Riders        
d) Deccan Chargers    
e) Chennai Super Kings 
 
2. In the run-up to the free trade agreement between India and the European Union (EU), which of the following subjects has the EU taken up with the World Trade Organisation (WTO) pressing for its inclusion much to India’s discomfort?
a) Farm goods                         
b) Defence articles      
c) Intellectual Property Rights
d) Visa norms              
e) Industrial goods 
 
3. Which of the following cities has been declared as the costliest city in the world?
a) Kobe           
b) Paris            
c) Zurich          
d) Oslo                        
e) Tokyo 
 
4. What is the Minimum Support Price (MSP) per quintal fixed by the Centre for wheat for the season 2010-11?
 a) Rs. 1,000        
b) Rs.1,100        
c) Rs.1,200         
d) Rs.1,300         
e) Rs.1,250 
5.Who is to take over as non-executive chairman of India’s second larges IT company, Infosys, when the incumbent chairman NR Narayana Murthy retires in August this year?
 a) KV Kamath                        
b) Amit Mitra 
c) Renuka Ramnath    
d) Samidha Sharma
e) Vinita Bali 
 
6 In which of the following countries has Tata Motors launched its Nano cars, touted to be the cheapest car of the world, for the first time outside India?
 A) Sri Lanka   
B) Nepal          
C) Malaysia     
D) Indonesia
a) Only (B)                  
b) Only (A) Indonesia             
c) Only (C)
d) Only (A), (B) and (D)
e) None of these 

7. Which f the following business ownership structure companies has been given green signal by the stock market regulator, SEBI, to get membership of stock exchanges and make brokers?
a) Sole proprietorship companies        
b) Limited liability companies
c) Non-profit organizations                 
d) Cooperative companies
e) None of these 

8.Which of the following teams has won the Santosh Trophy football tournament?
a) Manipur       
b) Delhi           
c) Haryana       
d) West Bengal                      
e) Madhya Pradesh 
 
9.With which of the trading partners do Indian farm goods face market access problems on the grounds of arbitrary SPS (Sanitary and Phyto-Sanitary) standards and CCC (chemical residues)?
a) US               
b) ASEAN      
c) SAARC      
d) EU              
e) Japan 
 
10.Indian Railways is to construct the longest tunnel (11km long) on its network in the under-construction railway segments of
a) Indo-Burma rail project                  
b) West Coast Railways of India
c) Katra-Qazigund Pir Panjal Tunnel 
d) Arunachal railway project
e) Gangtok - Siliguri railway project 
 
11. There has been stalemate in the drafting committee of Lokpal Bill between the civil activists and political leader over the contents of he Bill. Which of the following are the major bones of contention between the two sides?
 I. Inclusion of the office of the Prime Minister under anti-corruption watchdog
II. Bringing higher judiciary under the purview of Lokpal
 III. Bringing the office of the Chief Ministers under Lokpal.
IV. In camera monitoring of the activities of MPs in Parliament.
a) Only I and II                       
b) Only IV      
c) Only I, II and IV    
d) All the above
e) None of these 
 
12. Which of the following teams has recently won the Champions Leagues final at Wembley in London?
 a) Manchester United             
b) Barcelona    
c) Real Madrid                        
d) AC Milan
e) Chelsea FC 
 
13.Which of the following countries has recently decided to phase out all it nuclear power plants by 2022?
  a) Japan           
b) Italy                        
c) Ukraine       
d) Germany     
e) Spain 
 
14.Who has been honoured with the prestigious Jawaharlal Nehru Award for International Understanding for 2009?
a) Angela Merkel                    
b) Hillary Clinton        
c) Aung San Suu Kyi
d) Lula da Silva                                  
e) Sheikh Hasina 
 
15.G-4 is an alliance of four countries for the purpose of supporting each other’s bid for permanent seat in the United Nations Security Council. Apart from India, which are the other three countries constitution G4?
a) Brazil, Germany and Japan                         
b) Brazil, South Africa and Japan
c) Mexico, Brazil and South Africa    
d) Japan, Brazil and Mexico
e) None of these 
 
16.In which of the following international universities has a chair been instituted in the memory of India’s pioneering development economist, Sanjay Lall?
a) Cambridge University         
b) Stanford University            
c) Oxford University
d) Moscow University                        
e) San Carlos University 
 
17.Name the new non-linked health insurance plan of the Life Insurance Corporation (LIC) of India which offers comprehensive hospitalization benefits for the whole family and parents-in-law of the principal insured?
a) Rishtey        
b) Jeevan Sathi            
c) Anmol Jeevan         
d) Health Plus
e) Jeevan Arogya 
 
18.Who has been nominated for the CK Naidu Lifetime Achievement award?
a) Lala Amarnath                    
b) Salim Durrani          
c) Syed Mushtaq Ali
d) KN Prabhu                                     
e) Syed Kirmani 
 
19. British - born Sierra Leonean novelist Aminatta Forma won the 2011 Commonwealth Writers’ Prize for which of the following novels?
a) The Devil that Danced on the Water                      
b) Ancestor Stones
c) The Memory of Love 
d) Ancestor  Love                                          
e) All for Love 
 
20. Which of the following rules has/have not been scrapped by the insurance regulator IRDA?
 a) Commission on the sale of ULIP
b) Profitability clause of three years for floating initial public offer (IPOs)
c) Traditional insurance plans have to make 50% investment in government bonds
d) Only a  and b                      
e) Only a and c
 
21.Small Industries Development Bank of India (SIDBI) has been operating under SWS. What is the full form of SWS?
a) Small Welfare Scheme                    
b) Single Window Scheme
c) Small Window Service                   
d) Single Window Service
e) None of these 
 
22.  Which of the following is the target fixed by the 11th five-year plan pertaining to increase literacy, level by the 2012 The level should be increased to
a) 50%                         
b) 60%             
c) 70%             
d) 85%                        
e) 90%
 
23.‘Blue Revolution’ is related to
a) Space Research                   
b) Fisheries      
c) Drinking Water       
d) Poultry
e) Milk     
                               
24.Normally two types of factors are responsible for industrial sickness - external and internal. Which of the following is not an internal factor of industrial sickness?
a) Shortage of power              
b) Mismanagement      
c) Diversion of funds
d) Excessive overheads           
e) Overestimation of demand 
 
25.Which of the following is an employment - generating scheme?
a) Ganga Kalyan Yojana                                 
b) IRDA         
c) Swarnjayanti Shahri Rozgar Yojana                       
d) Mid-Day Meal Scheme
e) All of the above. 
 
26.Ethanol - mixed petrol is being sold in various states wef January 1, 2003. The percentage of ethanol in petrol is
a) 10%                         
b) 7%               
c) 6%               
d) 5.5%           
e) 5% 
 
27. Which of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?
a) Services - Industry - Agriculture    
b) Services - Agriculture - Industry
c) Industry - Services - Agriculture    
d) Industry - Agriculture - Services
e) None of these 
 
28.Which of the following agencies recently laid down guidelines for foreign companies who wish to raise money from the Indian capital markets?
a) RBI                         
b) IRDA          
c) Registrar of companies       
d) SEBI
e) None of these 
 
29. Consider the following statements:
A) The repo rate is the rate at which other banks borrow money from the Reserve Bank of India.
B) A value of one for Gini co-efficient in a country implies that there is perfectly equal income for everyone in its population.
 C) Higher interest rates can make EMIs costly. Which of the statements given above is/are correct?
a) Only A        
b) Only A and C        
c) Only B and C          
d) All the above
e) None of these 
 
30. These days, more and more banks in Indian are setting up their ATMs and discouraging people to visit their branches for transaction. Which of the following is/are the limitations of the ATMs which force people to go to branch for transactions?
A) Lack of human interface                
B) Communication gap
C) Limited cash - dispensing ability  
a) Only A                    
b) Only B       
c) Only C        
d) Both A and B
e) A, B, and C All 
 
31.Which of the following countries has the largest stock of foreign exchange reserves in the world?
a) USA                        
b) China          
c) Japan           
d) India                       
e) None of these 
 
32.Which of the following taxes is exclusively and totally assigned to the state government by the Constitutions?
 a) Estate duty              
b) Sales Tax     
c) Taxes on Railway fares and freights
 d) Corporation tax      
e) Entertainment 
 
33. The tax on import and export is known as
a) Income tax 
b) Trade tax     
c) Customs duty          
d) Commercial tax
e) None of the above 
 
34.Which of the following is not an objective of fiscal policy of Indian government?
a) Full employment     
b) Price stability          
c) Regulation of inter-state trade
d) Equitable distribution of wealth and income         
e) None of these 
 
35. In India, national income is estimated by
a) Planning Commission         
b) Central Statistical Organisation
c) Indian Statistical Institute 
d) National Sample Survey Organisation
e) None of these 
 
36.Bharat Nirman Scheme of the UPA government does not include
a) Rural water supply project 
b) Irrigation  benefit programme        
c) Rural electrification                        
d) Sarva Shiksha Abhiyan      
e) None of these 
 
37. Invisible export means export of
a) Services                               
b) Prohibited goods    
c) Unrecorded goods
d) Goods through smuggling 
e) Illegal export through a third county 
 
38.A labour-intensive industry is one that
 a) requires hard manual labour                       
b) pays adequate wages to the labour
c) employs more hands                                   
d) provides facilities to labour
e) None of these 
 
39.In the law of demand, the statement ‘other things remain constant’ means.
 a) income of consumer should not change     
b) prices of other goods should not change   
c) taste of consumer should not change                      
d) All the above
e) None of these 
 
40.A firm is in equilibrium when its
a) Marginal cost equals the marginal revenue             
b) Total cost is minimum
c) Total revenue is maximum                         
d) Average revenue and marginal revenue are equal              
e) None of these 
 
41.Bhagyam oil fields which are being explored by Carins India, is located in
a) Assam         
b) Gujarat        
c) Rajasthan    
d) Karnataka  
e) None of the above
 
42.In which of the following regions of India has the Archaeological Survey of India (ASI) found evidences of hearths built by cutting natural mountains belonging to periods 3,000 to 4,000 years ago, for the first time?
a) Garo Hills, Meghalaya        
b) Mishmi Hills, Arunachal Pradesh
c) Western Ghats                    
d) Ladakh Valley                   
e) Satpura Range, Madhya Pradesh 
 
43.Which of the following famous tabloids of Britain recently ceased its operations after its 168year - long history of scoops and scandals?
a) The Sun       
b) Daily Mirror            
c) The Morning Star    
d) News of the World
 e) None of these
 
44.Which of the following mobile operators has launched its mobile newspaper, Newswrap, for its customers in Hyderabad?
a) Airtel           
b) Reliance      
c) Idea                        
d) Vodafone   
e) Aircel 
 
45.Which of the following countries has taken over the rotational presidency of the European Union (EU) on July 1, 2011?
a) Denmark                 
b) Britain         
c) Germany     
d) Poland
e) Netherlands 
 
46.Which of the following is the youngest country of the world that has joined the community of nations on July 9, 2011?
a) South Sudan           
b) Maldova      
c) Estonia        
d) East Timor
e) None of these 
 
47. Name the Indian woman athlete who has clinched gold medal in high jump in the Asian Athletic Championship in Kobe, Japan.
a) Shiny Wilson                       
b) Mayookha Johny    
c) Soma Biswas
d) Neelam Jaswant Singh       
e) None of these 
 
48.As on June 30, 2011, which of the following rates stipulated by the Reserve Bank of India (RBI) is the lowest?
a) Bank Rate               
b) Repo Rate               
c) Savings Bank Rate
d) Cash Reserve Ratio            
e) Statutory Liquidity Ratio
 
49.Consider the following statements about the contentious issues in the upcoming India-EU free trade agreement.
A) Intellectual property should be included in the investment chapter
B) Government procurement policy in agriculture should be kept out of the purview of the agreement.
C) Greater mutual market access for products such as automobiles, liquor, textile and liquor.
 Which of the above statements is/are true?
a) Only A        
b) Only A and B                    
c) Only A and C         
d) All the above
e) None of these 
 
50.Which of the following states has unveiled “Vision 2025” containing clear-cut policies for promoting investments in infrastructure such as power, ports, and ship building?
a) Andhra Pradesh                  
b) Tamil Nadu                        
c) Gujarat
 d) Karnataka                          
e) None of these 
 
ANSWERS:

1.e       2.c      3.e       4.b      5.a      6.d      7.b      8.d      9.b      10.c

11.c    12.b    13.d    14.a    15.a    16.c    17.e     18.d    19.c    20.d

21.d    22.d    23.b    24.a    25.c    26.e     27.a    28.d    29.d    30.c

31.b    32.b    33.c    34.c    35.b    36.d    37.a    38.c    39.d    40.a

41.c    42.d    43.d    44.d    45.d    46.a    47.b    48.c    49.d    50.b