1.Which of the following statements about new RBi policy on bank loans to non-banking finance companies (NBFCs) is / are correct ?
I) Bank loans to NBFCs will not come under 'priority sector' lending
II) NBFCs cannot charge a rate of interest higher than the RBI prescribed rate in lending funds borrowed from banks
III) The interest margin earned by NBFCs in lending funds borrowed from banks cannot exceed the ceiling prescribed by the RBI
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these
2.Which of the following has proposed the setting up of a National Knowledge Functional Hub (NKFH) to facilitate interaction between the industry and institutions of higher education to produce better quality manpower recently ?
1) National Knowledge Commission
2) CII
3) ASSOCHAM
4) FICCI
5) None of these
3.The Reserve bank of India has increased the amount of money that can be loaded on mobile phones (mobile - wallet) to ..... from the existing limit of Rs. 5,000 recently
1) Rs. 10,000
2) Rs. 15,000
3) Rs. 25,000
4) Rs. 50,000
5) None of these
4.What are 'structural adjustment programmes'?
1) Programmes to increase the spread of financial services in developing countries
2) Programmes to improve road safety in developing countries
3) Requirements to qualify for World Bank and IMF loans
4) UN building regulations for disaster preparedness
5) None of these
5.Nuclear plants in India have an 'Exclusion Zone' of .... surrounding the power station, in which no habitation is permitted.
1) 1.6 km
2) 4.2 km
3) 8.4 km
4) 11.6 km
5) None of these
6.Improving regulation of which of the following was the subject of the Finance Ministry appointed KP Krishnan Committee ?
1) Microfinance institutions
2) Mutual funds
3) General insurance companies
4) Credit rating agencies
5) None of these
7. 'Asha' is a low - priced milk food drink introduced for rural consumers by which of the following ?
1) Nestle
2) Cadbury
3) Heinz
4) GlaxoSmithKline
5) None of these
8.ONGC Videsh Ltd (OVL) signed an agreeemtn to acquire 25% stake in the Satpayev oil block in Central Asia recentlyh. Which of the following statements is / are correct ?
I) Satpayev s in Turkmenistan
II) Satpayev is in Black Sea
III) Satpayev is believed to hold 1.75 billion barrels of oil reserves
1) I only
2) I and II only
3) II only
4) III only
5) None of these
9.Which of the following is the new income tax return form for salaried employees introduced by the Finance Ministry recently ?
1) Suvidha
2) Sugam
3) Sahaj
4) Saral
5) None of these
10.The Commerce Ministry has launched 'Buyer's Credit under the National Export Insurance Account (NEIA)' to :
1) Facilitate foreign direct investment in India
2) Facilitate project exports of Indian companies
3) Facilitate acquisitions by Indian companies overseas
4) Facilitate employment of Indian professionals abroad
5) None of these
11.Which of the following banks has launched 'Tiny Cards' with biometric identification to expand the coverage of banking services in rural parts of the country ?
1) ICICI Bank
2) NABARD
3) State Bank of India
4) Bank of India
5) None of these
12.Which of the following statements about IRDA guidelines for distance marketing of products issued recently is / are correct ?
I) Telemarketing of all Unit - Linked Insurance Products (ULIPs) has been disallowed
II) Only telemarketers trained by institutes accredited by IRDA can be employed
III) All telemarketing calls will have to be recorded
1) I only
2) I and II only
3) I and III only
4) II and III only
5) None of these
13.The Bureau of Energy Efficiency labelling is compulsory for all of the following except :
1) Laptops
2) Frost-free refrigerators
3) Tubular fluorescent lamps
4) Ceiling fans
5) None of these
14.What is the investment limit in plant and machinery for classification under Small Scale Industries ?
1) Rs. 10 lakh
2) Rs. 50 lakh
3) Rs. 1 crore
4) Rs. 10 crore
5) None of these
15.The government has recently decided to allow FIIs investment in infrastructure bonds upto ..... annually.
1) $5 billion
2) $ 10 billion
3) $ 15 billion
4) $ 25 billion
5) None of these
16.The term ASBA (Applications Supported by Blocked Amount) is used in which of the following financial services ?
1) General Insurance
2) Capital markets
3) Life Insuracne
4) Micro finance
5) None of these
17.The Government has decided to notify a provision exempting people of salary income up to ..... a year from filing returns
1) Rs. 2 lakh
2) Rs. 2.5 lakh
3) Rs. 4 lakh
4) Rs. 5 lakh
5) None of these
18.Which of the following is the largest mutual fund in India with assets under management (AUM) exceeding Rs. 100,000 crore on March 31, 2011 ?
1) UTI MF
2) HDFC MF
3) Reliance MF
4) birla Sun Life
5) None of these
19.Which of the following identifies and funds social welfare projects under its India Development Marketplace initiative ?
1) IMF
2) USAID
3) Intel
4) World Bank
5) None of these
20.Which of the following has been set up by the government to fund energy saving technologies recently ?
1) National Renewable Energy Fund
2) National Green Energy Fund
3) National Carbon Reduction Fund
4) National Clean Energy Fund
5) None of these
21.Which of the following is the new income tax return form for small businessmen and self-employed professionals introduced by the Finance Ministry recently ?
1) Suvidha
2) Sugam
3) Sahaj
4) Saral
5) None of these
22.A Committee was constituted to review the functioning fo the Central Economic Intelligence Bureau (CEIB) recently. What is the objective of CEIB ?
1) TO gie suggestions for promoting financial inclusion
2) TO compile data for calculating GDP growth and per capita income
3) To gather data on tax evasion and other financial crimes
4) To assist the RBI in formulating monetary policy
5) None of these
23.Mission Document of the National Water Mission (NWM) was approved byt he Union Cabinet recently. Which of the following statements is / are correct ?
I) NWM is one of the constituents of the National Action Plan for Climate Change
II) Improving share of hydroelectricity in country's total energy production is one of the objective of NWM
III) NWM will adjudicate in water sharing disputes involving inter-state rivers
1) I only
2) I and II only
3) I and II only
4) II and III only
5) None of these
24.Which country's 'Zero Kero' LPG programme is being considred for use in India to encourage customers to switch from kerosene to LPG recently ?
1) Thailand
2) Sri Lanka
3) Malaysia
4) Indonesia
5) None of these
25.Which of the folowing was launched by Union Ministry for Youth Affairs and SPorts in association with National Skill Development Corporation (NSDC) at Imphal, Manipur recently?
1) Sports Employability SKill Project
2) Youth Skill Development Project
3) Youth Employability Skill Project
4) Tribal Employability Skill Project
5) None of these
26. Government has decided to introduce biometric ...... to weed out duplicate and fake ones recently
1) Debit cards
2) Passports
3) Driving licenses
4) PAN cards
5) None of these
27.Which country is the single largest source for foreign direct investment to India, accounting for 40 percent of FDI flows in the last ten years, according to the Reserve bank of India ?
1) USA
2) UK
3) Singapore
4) Mauritius
5) None of these
28.The government plans to set up a Green National Accounting (GNA) system to evaluate impact of economic growth on environment. Who has been selected as the Chairperson of the expert group on GNA ?
1) Parthasarathi Shome
2) Madhav Gadgil
3) Partha Dasgupta
4) B. Ulhas Karanth
5) None of these
29.Global Assessment Report (GAR) of which of the following has complimented the Government of India for its National Rural Employment Guarantee Act (NREGA) recently ?
1) European Union
2) ILO
3) IMF
4) UN
5) None of these
30. The regulations pertaining to mergers and amalgamations (M & A) were issued by the Competition Commission of India (CCI) on May 12, 2011. Which of the following statements is / are correct ?
I) Overseas acquisitions of Indina companies with no impact on the domestic market will not come under the ambit of CCI
II) M & A deals that were initiated before June 1, 2011 will not come under the ambit of CCI
III) Scrutiny of all M & A deals will be completed by the CCI within 180 calendar days
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
31.Which of then following statements about foreign investment in Limited Liability Partnership (LLP) companies is / are correct ?
I) FDI will be allowed in LLPs in sectors like mining, power, roads and highways, manufacturing activities, drugs and pharmaceuticals
II) FDI will not be allowed in LLPs engaged in agricultural and plantation activities, print media or real estate business
III) LLPs have been allowed to access external commercial borrowings
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
32.Which is the first state to introduce e-payment system for commercial tax payers recently ?
1) Maharashtra
2) Uttarakhand
3) Karnataka
4) Madhya Pradesh
5) None of these
33.Which of the following is not among the industries / sectors given priority in natural gas supply in the country ?
1) Fertiliser
2) LPG
3) Steel
4) Power
5) None of these
34.Where was the World Spice Organisation (WSO) set up recently ?
1) Kannur
2) Kochi
3) Kollam
4) Kottayam
5) None of these
35.Which of the following submitted a report titled 'Social Protection for a Changing India' - a comprehensive review of anti-poverty schemes such as PDS, MGNREGS, RSBY and IAY recently ?
1) World Economic Forum
2) CMIE
3) World Bank
4) IMF
5) None of these
36.Which of the following not one of the objectives of setting up the Warehousing Development and Regulatory Authority ?
1) To improve farm sector yiled
2) To enable farmers to avail of loans against foodgrains stored
3) To reduce post-harvest losses in foodgrain storage
4) To prevent post-harvest distress sales by farmers
5) None of these
37.The government approved the revival of Scooters India Limited (SIL) through induction of a joint venture partner recently. SIL sells scooters under which trademark ?
1) Mayur
2) Bharat
3) Vijay
4) Vikram
5) None of these
38.The Petroleum Conservation and Research Association (PCRA) has unveiled plans to set up India's first Carbon Credit Aggregation Centre (CCA) in which state ?
1) Himachal Pradesh
2) Uttarakhand
3) Rajasthan
4) Chhattisgarh
5) None of these
39.Which sectors were added to the list of six 'core sector infrastructure industries' recently?
I) Water supply
II) Natural gas
III) Fertilisers
1) I only
2) I and II only
3) II only
4) III and II only
5) None of these
40.Bina Refinery is a joint venture of Bharat Petroleum and ........ Oil Company to set up a 6 MMTPA grass root refinery at Bina in Madhya Pradesh.
1) Shell
2) Qatar
3) Emirates
4) Oman
5) None of these
41.A high level committee of Bankers submitted its report on Rural Housing recently. Which of the following statements regarding its recommendations for Below the Poverty Line (BPL) Households is / are correct ?
I) Allocation of grants for construction of rural housing units for BPL Households should be increased to Rs. 75,000 per dwelling unit
II) Repayment period should be reduced to ten years
III) BPL households should be provided a loand of Rs. 50,000 at 4% rate of interest
1) II only
2) I and II only
3) II only
4) III and I only
5) None of these
42.'Aichi Targets' refers to which of the following?
1) Trade
2) Education
3) Nuclear safety
4) Environment
5) None of these
43.Scheduled commercial banks do not require permission from the Reserve bank of India for opening new branches in towns with population less than .........
1) 49,999
2) 99,999
3) 2,49,999
4) 4,99,999
5) None of these
44.The National Rural Livelihoods Mission (NRLM) was launched recently. Which of the following statements is / are correct ?
I) NRLM seeks to bring the rural poor under the Self Help Group (SHG) network
II) Services of Business Correspondents (BCs) will be utilised to spread the concept of NRLM
III) NLRM will facilitate access of bank credit to those covered under the Mission
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these
45.A committee headed by RBI deputy governor Shyamala Gopinath has recommended a 'holding company' structure for both banking and nonbanking financial groups recently. Which of the following statements is / are correct ?
I) Both the holding company as well as the subsidiaries can be listed on stock exchange
II) The subsidiaries will own equity stake in the holding company
1) II only
2) I and II only
3) I only
4) All of these
5) None of these
46.Which Indian corporate group has decided to enter the financial services business in a tie up with D.E. Shaw of the US ?
1) AV Birla Group
2) Wipro Ltd
3) Mahindra & Mahindra
4) RIL
5) None of these
47.The Reserve Bank of India (RBI) recently relaxed the eligibility norms for using credit default swaps (CDS) on corporate bonds. What are CDS ?
1) A form of loan that can be taken by pledging shares of a company
2) A form of credit rating that compares companies on their cash flow
3) A form of insurance that protects the lender in case of loand default
4) A form of loan that can be converted into equaity
5) None of these
48.Which of the following statements is /a re correct about Indian Depository Receipts (IDRs) ?
1) They are issued by Indian companies to raise funds from overseas stock markets
2) They are issued by foreign companies to raise funds from Indian stock markets
3) They are denominated in foreign currency
4) None of the above
5) None of these
49.Which is the first state in the country to sign an agreement with the World Bank for securing carbon credits for its 'Clean Development Mechanism' (CDM) recently ?
1) Sikkim
2) Uttarakhand
3) Jammu Kashmir
4) Himachal Pradesh
5) None of these
50. From which state was the National Rural Livelihood Mission launched recently ?
1) Kerala
2) Maharashtra
3) Haryana
4) Rajasthan
5) None of these
ANSWERS:
1) 1 2) 4 3) 4 4) 3 5) 1 6) 4 7) 4 8) 4 9) 3 10) 2
11) 3 12) 4 13) 1 14) 3 15) 4 16) 2 17) 4 18) 3 19) 4 20) 4
21) 2 22) 3 23) 1 24) 4 25) 3 26) 4 27) 4 28) 3 29) 4 30) 4
31) 2 32) 3 33) 3 34) 2 35) 3 36) 1 37) 4 38) 3 39) 4 40) 4
41) 2 42) 4 43) 1 44) 4 45) 2 46) 4 47) 3 48) 2 49) 4 50) 4
Wednesday, 23 November 2011
NABARD signed MoU with All Cooperative Banks in Punjab to Launch Core Banking Solution
National Bank for Agriculture and Rural Development today on 8 April 2011 signed MoU with all cooperative banks in Punjab to launch core banking solution (CBS). Under the pan India project NABARD sought the willingness of State Cooperative Bank (SCB) at the state level as well as District Central Cooperative Banks (DCCBs) at the district level under the Short Term Cooperative Credit Structure (STCCS) to join the project by executing a Memorandum of Understanding (MoU) with NABARD.
The project is aimed at providing application software, maintenance of data centre, disaster recovery centre, related network connection and regular maintenance and support of hardware and software. The agreement reached under the project is likely to go a long way to bring the functioning of Cooperative Banks at par with Commercial Banks and Regional Rural Banks in Punjab.
The project is aimed at providing application software, maintenance of data centre, disaster recovery centre, related network connection and regular maintenance and support of hardware and software. The agreement reached under the project is likely to go a long way to bring the functioning of Cooperative Banks at par with Commercial Banks and Regional Rural Banks in Punjab.
Indian Bank launched e-banking Lounge & Inter-bank Mobile Payment Services
Indian Bank launched its 24 hour operating e-banking lounge on 11 April 2011 in Chennai. The e-banking lounge was inaugurated by C Rangarajan, Chairman, Prime Minister's Economic Advisory Council. The new service will provide the customers of Indian Bank with the facility of cash deposit, cash withdrawal, cheque deposit with acknowledgement, internet banking, touch screen banking for all account related transactions.
Dr. Rangarajan also launched two new tech products namely maestro enabled debit card for senior citizens and inter-bank mobile payment services. The senior citizen debit card will contain details like year of birth, blood group and photo of the senior citizen.
Indian Bank has always been keen on introducing innovative, easy to use new tech products for the benefit of all types of customers and the general public. The bank also plans to introduce e-banking lounges in various metros.
Dr. Rangarajan also launched two new tech products namely maestro enabled debit card for senior citizens and inter-bank mobile payment services. The senior citizen debit card will contain details like year of birth, blood group and photo of the senior citizen.
Indian Bank has always been keen on introducing innovative, easy to use new tech products for the benefit of all types of customers and the general public. The bank also plans to introduce e-banking lounges in various metros.
K. S. Sreenivasan appointed non-official director on board of Oriental Bank of Commerce
The Ministry of Finance (Department of Financial Services) on 27 september 2011 appointed K. S. Sreenivasan as part-time, non-official director on the board of Oriental Bank of Commerce. Sreenivasan has been appointed for a period of three years. He had earlier served on the board of Union Bank of India between 2006 and 2009 and also on the board of Madras School of Economics. Sreenivasan, a practising chartered accountant with nearly 26 years of experience, is also a life member of the Indian Council of Arbitration.
Fresh Capital to be infused in SBI to help it achieve Compliance with Capital Adequacy Ratio Norms
Union Finance Minister Pranab Mukherjee on 16 October 2011 voiced the Finance Ministry’s decision to to recapitalise State Bank of India (SBI). Funds would be provided to the PSU lender to enable it to achieve compliance with capital adequacy ratio (CAR) norms. Fresh capital is to be infused in SBI. The government will inject Rs 3,000-4000 crore into SBI during the current fiscal 2011-12 to help it achieve an 8 per cent capital adequacy ratio (CAR).
Recapitalisation of banks is a continuing process and the government will continue to provide funds to PSU lenders through the Budget to ensure that they can meet solvency requirements.
According to estimates, SBI needs about Rs 20000 crore of fresh capital to maintain the pace of growth without sacrificing solvency margin norms.
Moody's had recently downgraded the credit rating of SBI, citing inadequate capital and poor asset quality as reasons. Following the downgrade, major private sector lenders like ICICI Bank, HDFC Bank and Axis Bank currently have a better standing than SBI in terms of their credit rating. The government holds a 59 per cent stake in the country's largest bank, SBI.
Recapitalisation of banks is a continuing process and the government will continue to provide funds to PSU lenders through the Budget to ensure that they can meet solvency requirements.
According to estimates, SBI needs about Rs 20000 crore of fresh capital to maintain the pace of growth without sacrificing solvency margin norms.
Moody's had recently downgraded the credit rating of SBI, citing inadequate capital and poor asset quality as reasons. Following the downgrade, major private sector lenders like ICICI Bank, HDFC Bank and Axis Bank currently have a better standing than SBI in terms of their credit rating. The government holds a 59 per cent stake in the country's largest bank, SBI.
Ratings Firm Moody's downgraded Indian Banking System's Rating outlook from Stable to Negative
Global ratings firm Moody's on 9 November 2011 downgraded the entire Indian banking system's rating outlook from stable to negative indicating a deterioration in asset quality in the months ahead. In September 2011, Standard & Poor's (S&P) downgraded the country's largest lender, the State Bank of India, by one notch.
Arguing its case for the outlook downgrade the Moody's mentioned that with asset quality was anticipated to deteriorate over the next 12-18 months, thereby causing an increase in provisioning needs for the banks in financial year 2012 and 2013.
The Moody's decision was announced at a time when the Eurozone financial system is in turmoil and a large number of European banks are in dire straits.
The government rejected it claiming that the country's lending institutions are much healthier than their global counterparts. Indian bankers termed the move unwarranted and premature at this point of time.
The market apprehended that the downgrade by the Moody's would render overseas borrowings costlier for Indian banks. The negative sentiment sparked a major sell-off in banking stocks, resulting in the banking index on the Bombay Stock Exchange tumbling by 2.62 per cent on 9 November.
Arguing its case for the outlook downgrade the Moody's mentioned that with asset quality was anticipated to deteriorate over the next 12-18 months, thereby causing an increase in provisioning needs for the banks in financial year 2012 and 2013.
The Moody's decision was announced at a time when the Eurozone financial system is in turmoil and a large number of European banks are in dire straits.
The government rejected it claiming that the country's lending institutions are much healthier than their global counterparts. Indian bankers termed the move unwarranted and premature at this point of time.
The market apprehended that the downgrade by the Moody's would render overseas borrowings costlier for Indian banks. The negative sentiment sparked a major sell-off in banking stocks, resulting in the banking index on the Bombay Stock Exchange tumbling by 2.62 per cent on 9 November.
Tuesday, 22 November 2011
IBPS CWE GENERAL AWARENESS MODEL SOLVED PAPER
1.We often come across the term Production Sharing Contract [PS(3)] in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector ?
1) Fertiliser
2) Food processing
3) Telecom
4) Petroleum
5) None of these
2.What is the meant by recent news reports saying – "Indian Rupee is appreciating"?
I) THe purchasing power of the Rupee in India has declined
II) The exchange rate of Rupee in India has gone up
III) The purchasing power of the Rupee in India has gone up
1) I only
2) II only
3) II or III only
4) III only
5) None of these
3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu
2) Bihar
3) Karnataka
4) Andhra Pradesh
5) None of these
4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?
1) Uttar Pradesh
2) Karnataka
3) Kerala
4) Tamil Nadu
5) None of these
5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?
1) It has increased the interest rate on NPS deposits
2) It has allowed premature withdrawals
3) It has increased govt. subsidy for NPS deposit holders
4) It has increased distributors' commission
5) None of these
6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors ?
1) Horticulture
2) Gems & Jewellery
3) Watch
4) Pharmaceuticals
5) None of these
7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?
1) South Africa
2) Iran
3) Iceland
4) Bolivia
5) None of these
8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?
1) Dena Bank
2) Canara Bank
3) PNB
4) Bank of India
5) None of these
9. GRIHA rating system is used for which of the following ?
1) Cement
2) NBFCs
3) Buildings
4) Gold
5) None of these
10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?
1) Coconut
2) Pepper
3) Cardamom
4) Rubber
5) None of these
11.Which of the following statements is/are correct about the distribution of Central financial assistance to states ?
I) Central financial assistance for states is calculated according to the Gadgil Formula
II) The highest weightage is given to the per capita income of the state
III) The lowest weightage is given to the population of the state
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these
12.Which of the following public sector companies sells gold coins and silver ornaments under the trademark 'Sanchi'?
1) Rare Earths Ltd
2) State Trading Corporation (STC)
3) National Mineral Development Corporation (NMDC)
4) Minerals and Metals Trading Corporation (MMTC)
5) None of these
13.Power produced from which of the following sources has the highest share in India's annual power generation capacity ?
1) Hydro
2) Coal
3) Gas
4) Nuclear
5) None of these
14.What is the share of private expenditure on health in the total health expenditure in India according to the World Health Report of the World Health Organisation released recently?
1) 12%
2) 37%
3) 46%
4) 72%
5) None of these
15.BHAVINI is a public sector company in which sector ?
1) Shipping
2) Metals trading
3) Space
4) Nuclear energy
5) None of these
16.Which of the following statements about the Indian Economy in 2050 as per a recent report by Pricewaterhouse Coopers (Pwc) is / are correct ?
I) India's GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050
II) India's GDP in Purchasing Power Parity (PPP) terms is the second highest in the world in 2050
III) Only China will be ahead of India in both MER and PPP terms in 2050
1) I only
2) I and II only
3) II only
4) II and III only
5) None of these
17.Which of the following are not listed on stock exchanges in India ?
1) Fertiliser companies
2) NBFCs
3) Insurance companies
4) Airlines
5) None of these
18.What should be the minimum share of solar energy in states' total power purchases by 2022 as per the amendment in power tariff policy recently ?
1) 1%
2) 2%
3) 3%
4) 4%
5) None of these
19.Which of the following statements about FDI in retail sector is / are correct ?
I) 100 per cent FDI is permitted in cold chain through the automatic route.
II) Up to 33 per cent FDI is permitted in single brand retail
III) 100 per cent FDI is permitted in wholesale cash and carry
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
20.Which of the following pairs of large banks and their countries of origin is / are correctly matched ?
I) JPM organ Chase - Britain
II) ING Group - Netherlands
III) Standard Bank - South Africa
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
21.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?
I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres
II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres
III) No excise duty is levied on cotton fibres
1) I only
2) II only
3) I and III only
4) III only
5) None of these
22.The Bombay Stock Exchange launched the BSE TASIS Shariah 50 - a stock index that is compliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?
I) Banking
II) Cement & Steel
III) Alcohol & tobacco products
1) I only
2) I and II only
3) III only
4) I and III only
5) None of these
23.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?
1) Bank of India
2) Bank of Baroda
3) Central Bank of India
4) SBI
5) None of these
24.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?
1) Tata Power
2) NHPC
3) Indian Oil
4) ONGC
5) None of these
25.Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?
I) Punjab National Bank - New Delhi
II) Allahabad bank – Kolkata
III) Bank of India - Mumbai
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
26.The tax on short - term capital inflows is named after which Nobel Laureate in economics ?
1) Gary Becker
2) james M. Buchanan
3) James Tobin
4) Myron Scholes
5) None of these
27. The term 'round - tripping' often appears in financial news these days. What does it mena?
1) Importing products that are not easily available in the domestic markes
2) Indian companies re-exporting imported products without any value addtion
3) Brining back illicit money hiddern aborad by Indians under a different name
4) Imposing high customs duty to discourage dumping of goods in Indian market
5) None of these
28.Infant Mortality Rate (IMR) data for high focus states (states where IMR is above national average) is collected once every five years. The Union Health Ministry has now decided to collect such data .......
1) half yearly
2) annually
3) once every two years
4) once every three years
5) None of these
29.Which country's gold output of 340.88 tonnes was the highest in the world in 2010 ?
1) Canada
2) South Africa
3) China
4) USA
5) None of these
30.Which of the following became the first oil & gas company to find shale gas deposits in India recently ?
1) Reliance Industries Ltd.
2) Cairn India
3) Essar Oil
4) ONGC
5) None of these
31.'Anushakti Vidhyut Nigam Ltd' was incorporated as a joint venture between Nuclear Power Corporation of India Ltd and which of the following recently ?
1) NMDC
2) NHPC
3) BEL
4) NTPC
5) None of these
32.Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation ?
1) National Institute of Public FInance and Policy
2) National Institute of Bank Management
3) National Institute of Findnancial Management
4) National Council of Applied Economic Research
5) None of these
33.China emerged as the world's second largest economy in 2010 overtaking ......
1) France
2) Britain
3) Germany
4) Japan
5) None of these
34.CARINGS has been launched by Ministry of Womena nd Child Development to :
1) improve gender parity
2) reduce infant mortality
3) improve child immunisation
4) facilitate adoption
5) None of these
35.The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing Acts relating to coinage recently. Which of the following Acts is the oldest ?
1) The Indian Coinage Act
2) The Small Coins (Offences) Act
3) The Metal Token Act
4) The Bronze Coin (Legal Tender) Act
5) None of these
36.Which of the following is not a hedge fund ?
1) Magellan
2) Hibhbridge
3) Gartner
4) D.E. Shaw
5) None of these
37.Preferred Provder Network (PPN) is a term used n which of the following businesses ?
1) Commodities trading
2) Retailing
3) Health insurance
4) Foreign trade
5) None of these
38.Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations?
1) IRDA
2) SEBI
3) RBI
4) TRAI
5) None of these
39.The government has introduced three new consumer price indices – CPI (Rural), CPI (Urban) & CPI (Combined) – with 2010 as the base year recently. Which of the following is not among the five major commodity groups covered in the indics ?
1) Food, beverages and tobacco
2) Fuel and light
3) Education and schooling
4) Housing
5) None of these
40.Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?
1) Stanchart Bank
2) HDFC Bank
3) SBI
4) Axis Bank
5) None of these
41.Regional Rural Banks (RRBs) are owned b :
I) Their Sponsor Bank
II) Government of the state where they are located
III) Union government
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
42.'Easy Exit Scheme 2011' floated by the Ministry of Corporate Affairs refers to which of the following ?
1) Privatisation of loss-making public sector companies
2) Removal of names of defunct companies from the Registrar of Companies
3) Closure of loss-making industries after paying off creditors
4) Removal of SEZ status for companies not fulfilling export obligations
5) None of these
43.What is the financial inclusion campaign lacunched by the government to bring banking services to vast unbanked rural areas in the country recently named ?
1) Swawlamban
2) Swatantra
3) Swadhar
4) Swabhiman
5) None of these
44.Whch of the following statements about India's population and surface area is are correct as per the provisional figures of Census 2011 ?
I) India accounts for 2.4 percent of the world surface area
II) India sustains 17.5 percent of the world population
III) Population density has increased between 2001 and 2011
1) I only
2) I and II only
3) III and I only
4) I, II and III
5) None of these
45.According to the RBI, branches serving population of ........ and above are classified as Metropolitan branches
1) 5 lakh
2) 10 lakh
3) 25 lakh
4) 50 lakh
5) None of these
46.Which state government has announced introduction of 'Vanita Family Card' for below poverty line families that will enable them travel in road transport corporation buses at concessional fares recently ?
1) Karnataka
2) Tamil Nadu
3) Maharashtra
4) Andhra Pradesh
5) None of these
47.'French Auction' is a term used in which of the following sectors of financial services ?
1) Banking
2) Insurance
3) Capital markets
4) Micro-finance
5) None of these
48.The department of industrial policy and promotion (DPP) is promoting NMIZs to improve the spread of industrilisation in the country. NMIZ refers to which of the following ?
1) New Manufacturing and Investment Zones
2) National Medium Industry Zones
3) National Manufacturing Industry Zones
4) National Manufacturing and Investment Zones
5) None of these
49.Which state / union territory has the lowest literacy rate as per provisional figures of Census 2011 ?
1) Orissa
2) Mizoram
3) Bihar
4) Rajasthan
5) None of these
50.The Department of Industrial Poliyc and Promotion announced changes in FDi policy recently. Which of the following statements is / are correct ?
I) Indian companies have been allowe to convert foreign debt into equity
II) Indian companies have been allowed to issue equity to fund imports of machinery and capital goods
III) 51 per cent FDI is currently allowed in multi-branch retail trade
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
ANSWERS:
1) 4 2) 2 3) 4 4) 2 5) 4 6) 3 7) 3 8) 3 9) 3 10) 4
11) 1 12) 4 13) 2 14) 4 15) 4 16) 4 17) 3 18) 3 19) 4 20) 3
21) 3 22) 4 23) 4 24) 3 25) 4 26) 3 27) 3 28) 2 29) 3 30) 4
31) 4 32) 4 33) 4 34) 4 35) 3 36) 3 37) 3 38) 2 39) 3 40) 4
41) 4 42) 2 43) 4 44) 4 45) 2 46) 4 47) 3 48) 4 49) 3 50) 2
1) Fertiliser
2) Food processing
3) Telecom
4) Petroleum
5) None of these
2.What is the meant by recent news reports saying – "Indian Rupee is appreciating"?
I) THe purchasing power of the Rupee in India has declined
II) The exchange rate of Rupee in India has gone up
III) The purchasing power of the Rupee in India has gone up
1) I only
2) II only
3) II or III only
4) III only
5) None of these
3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu
2) Bihar
3) Karnataka
4) Andhra Pradesh
5) None of these
4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?
1) Uttar Pradesh
2) Karnataka
3) Kerala
4) Tamil Nadu
5) None of these
5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?
1) It has increased the interest rate on NPS deposits
2) It has allowed premature withdrawals
3) It has increased govt. subsidy for NPS deposit holders
4) It has increased distributors' commission
5) None of these
6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors ?
1) Horticulture
2) Gems & Jewellery
3) Watch
4) Pharmaceuticals
5) None of these
7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?
1) South Africa
2) Iran
3) Iceland
4) Bolivia
5) None of these
8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?
1) Dena Bank
2) Canara Bank
3) PNB
4) Bank of India
5) None of these
9. GRIHA rating system is used for which of the following ?
1) Cement
2) NBFCs
3) Buildings
4) Gold
5) None of these
10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?
1) Coconut
2) Pepper
3) Cardamom
4) Rubber
5) None of these
11.Which of the following statements is/are correct about the distribution of Central financial assistance to states ?
I) Central financial assistance for states is calculated according to the Gadgil Formula
II) The highest weightage is given to the per capita income of the state
III) The lowest weightage is given to the population of the state
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these
12.Which of the following public sector companies sells gold coins and silver ornaments under the trademark 'Sanchi'?
1) Rare Earths Ltd
2) State Trading Corporation (STC)
3) National Mineral Development Corporation (NMDC)
4) Minerals and Metals Trading Corporation (MMTC)
5) None of these
13.Power produced from which of the following sources has the highest share in India's annual power generation capacity ?
1) Hydro
2) Coal
3) Gas
4) Nuclear
5) None of these
14.What is the share of private expenditure on health in the total health expenditure in India according to the World Health Report of the World Health Organisation released recently?
1) 12%
2) 37%
3) 46%
4) 72%
5) None of these
15.BHAVINI is a public sector company in which sector ?
1) Shipping
2) Metals trading
3) Space
4) Nuclear energy
5) None of these
16.Which of the following statements about the Indian Economy in 2050 as per a recent report by Pricewaterhouse Coopers (Pwc) is / are correct ?
I) India's GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050
II) India's GDP in Purchasing Power Parity (PPP) terms is the second highest in the world in 2050
III) Only China will be ahead of India in both MER and PPP terms in 2050
1) I only
2) I and II only
3) II only
4) II and III only
5) None of these
17.Which of the following are not listed on stock exchanges in India ?
1) Fertiliser companies
2) NBFCs
3) Insurance companies
4) Airlines
5) None of these
18.What should be the minimum share of solar energy in states' total power purchases by 2022 as per the amendment in power tariff policy recently ?
1) 1%
2) 2%
3) 3%
4) 4%
5) None of these
19.Which of the following statements about FDI in retail sector is / are correct ?
I) 100 per cent FDI is permitted in cold chain through the automatic route.
II) Up to 33 per cent FDI is permitted in single brand retail
III) 100 per cent FDI is permitted in wholesale cash and carry
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
20.Which of the following pairs of large banks and their countries of origin is / are correctly matched ?
I) JPM organ Chase - Britain
II) ING Group - Netherlands
III) Standard Bank - South Africa
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
21.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?
I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres
II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres
III) No excise duty is levied on cotton fibres
1) I only
2) II only
3) I and III only
4) III only
5) None of these
22.The Bombay Stock Exchange launched the BSE TASIS Shariah 50 - a stock index that is compliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?
I) Banking
II) Cement & Steel
III) Alcohol & tobacco products
1) I only
2) I and II only
3) III only
4) I and III only
5) None of these
23.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?
1) Bank of India
2) Bank of Baroda
3) Central Bank of India
4) SBI
5) None of these
24.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?
1) Tata Power
2) NHPC
3) Indian Oil
4) ONGC
5) None of these
25.Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?
I) Punjab National Bank - New Delhi
II) Allahabad bank – Kolkata
III) Bank of India - Mumbai
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
26.The tax on short - term capital inflows is named after which Nobel Laureate in economics ?
1) Gary Becker
2) james M. Buchanan
3) James Tobin
4) Myron Scholes
5) None of these
27. The term 'round - tripping' often appears in financial news these days. What does it mena?
1) Importing products that are not easily available in the domestic markes
2) Indian companies re-exporting imported products without any value addtion
3) Brining back illicit money hiddern aborad by Indians under a different name
4) Imposing high customs duty to discourage dumping of goods in Indian market
5) None of these
28.Infant Mortality Rate (IMR) data for high focus states (states where IMR is above national average) is collected once every five years. The Union Health Ministry has now decided to collect such data .......
1) half yearly
2) annually
3) once every two years
4) once every three years
5) None of these
29.Which country's gold output of 340.88 tonnes was the highest in the world in 2010 ?
1) Canada
2) South Africa
3) China
4) USA
5) None of these
30.Which of the following became the first oil & gas company to find shale gas deposits in India recently ?
1) Reliance Industries Ltd.
2) Cairn India
3) Essar Oil
4) ONGC
5) None of these
31.'Anushakti Vidhyut Nigam Ltd' was incorporated as a joint venture between Nuclear Power Corporation of India Ltd and which of the following recently ?
1) NMDC
2) NHPC
3) BEL
4) NTPC
5) None of these
32.Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation ?
1) National Institute of Public FInance and Policy
2) National Institute of Bank Management
3) National Institute of Findnancial Management
4) National Council of Applied Economic Research
5) None of these
33.China emerged as the world's second largest economy in 2010 overtaking ......
1) France
2) Britain
3) Germany
4) Japan
5) None of these
34.CARINGS has been launched by Ministry of Womena nd Child Development to :
1) improve gender parity
2) reduce infant mortality
3) improve child immunisation
4) facilitate adoption
5) None of these
35.The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing Acts relating to coinage recently. Which of the following Acts is the oldest ?
1) The Indian Coinage Act
2) The Small Coins (Offences) Act
3) The Metal Token Act
4) The Bronze Coin (Legal Tender) Act
5) None of these
36.Which of the following is not a hedge fund ?
1) Magellan
2) Hibhbridge
3) Gartner
4) D.E. Shaw
5) None of these
37.Preferred Provder Network (PPN) is a term used n which of the following businesses ?
1) Commodities trading
2) Retailing
3) Health insurance
4) Foreign trade
5) None of these
38.Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations?
1) IRDA
2) SEBI
3) RBI
4) TRAI
5) None of these
39.The government has introduced three new consumer price indices – CPI (Rural), CPI (Urban) & CPI (Combined) – with 2010 as the base year recently. Which of the following is not among the five major commodity groups covered in the indics ?
1) Food, beverages and tobacco
2) Fuel and light
3) Education and schooling
4) Housing
5) None of these
40.Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?
1) Stanchart Bank
2) HDFC Bank
3) SBI
4) Axis Bank
5) None of these
41.Regional Rural Banks (RRBs) are owned b :
I) Their Sponsor Bank
II) Government of the state where they are located
III) Union government
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
42.'Easy Exit Scheme 2011' floated by the Ministry of Corporate Affairs refers to which of the following ?
1) Privatisation of loss-making public sector companies
2) Removal of names of defunct companies from the Registrar of Companies
3) Closure of loss-making industries after paying off creditors
4) Removal of SEZ status for companies not fulfilling export obligations
5) None of these
43.What is the financial inclusion campaign lacunched by the government to bring banking services to vast unbanked rural areas in the country recently named ?
1) Swawlamban
2) Swatantra
3) Swadhar
4) Swabhiman
5) None of these
44.Whch of the following statements about India's population and surface area is are correct as per the provisional figures of Census 2011 ?
I) India accounts for 2.4 percent of the world surface area
II) India sustains 17.5 percent of the world population
III) Population density has increased between 2001 and 2011
1) I only
2) I and II only
3) III and I only
4) I, II and III
5) None of these
45.According to the RBI, branches serving population of ........ and above are classified as Metropolitan branches
1) 5 lakh
2) 10 lakh
3) 25 lakh
4) 50 lakh
5) None of these
46.Which state government has announced introduction of 'Vanita Family Card' for below poverty line families that will enable them travel in road transport corporation buses at concessional fares recently ?
1) Karnataka
2) Tamil Nadu
3) Maharashtra
4) Andhra Pradesh
5) None of these
47.'French Auction' is a term used in which of the following sectors of financial services ?
1) Banking
2) Insurance
3) Capital markets
4) Micro-finance
5) None of these
48.The department of industrial policy and promotion (DPP) is promoting NMIZs to improve the spread of industrilisation in the country. NMIZ refers to which of the following ?
1) New Manufacturing and Investment Zones
2) National Medium Industry Zones
3) National Manufacturing Industry Zones
4) National Manufacturing and Investment Zones
5) None of these
49.Which state / union territory has the lowest literacy rate as per provisional figures of Census 2011 ?
1) Orissa
2) Mizoram
3) Bihar
4) Rajasthan
5) None of these
50.The Department of Industrial Poliyc and Promotion announced changes in FDi policy recently. Which of the following statements is / are correct ?
I) Indian companies have been allowe to convert foreign debt into equity
II) Indian companies have been allowed to issue equity to fund imports of machinery and capital goods
III) 51 per cent FDI is currently allowed in multi-branch retail trade
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
ANSWERS:
1) 4 2) 2 3) 4 4) 2 5) 4 6) 3 7) 3 8) 3 9) 3 10) 4
11) 1 12) 4 13) 2 14) 4 15) 4 16) 4 17) 3 18) 3 19) 4 20) 3
21) 3 22) 4 23) 4 24) 3 25) 4 26) 3 27) 3 28) 2 29) 3 30) 4
31) 4 32) 4 33) 4 34) 4 35) 3 36) 3 37) 3 38) 2 39) 3 40) 4
41) 4 42) 2 43) 4 44) 4 45) 2 46) 4 47) 3 48) 4 49) 3 50) 2
Monday, 21 November 2011
IBPS CWE GENERAL AWARENESS MODEL SOLVED PAPER
1. We often come across the term Production Sharing Contract [PS(3)] in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector ?
1) Fertiliser
2) Food processing
3) Telecom
4) Petroleum
5) None of these
2.What is the meant by recent news reports saying – "Indian Rupee is appreciating"?
I) THe purchasing power of the Rupee in India has declined
II) The exchange rate of Rupee in India has gone up
III) The purchasing power of the Rupee in India has gone up
1) I only
2) II only
3) II or III only
4) III only
5) None of these
3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu
2) Bihar
3) Karnataka
4) Andhra Pradesh
5) None of these
4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?
1) Uttar Pradesh
2) Karnataka
3) Kerala
4) Tamil Nadu
5) None of these
5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?
1) It has increased the interest rate on NPS deposits
2) It has allowed premature withdrawals
3) It has increased govt. subsidy for NPS deposit holders
4) It has increased distributors' commission
5) None of these
6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors ?
1) Horticulture
2) Gems & Jewellery
3) Watch
4) Pharmaceuticals
5) None of these
7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?
1) South Africa
2) Iran
3) Iceland
4) Bolivia
5) None of these
8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?
1) Dena Bank
2) Canara Bank
3) PNB
4) Bank of India
5) None of these
9.GRIHA rating system is used for which of the following ?
1) Cement
2) NBFCs
3) Buildings
4) Gold
5) None of these
10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?
1) Coconut
2) Pepper
3) Cardamom
4) Rubber
5) None of these
11.Which of the following statements is/are correct about the distribution of Central financial assistance to states ?
I) Central financial assistance for states is calculated according to the Gadgil Formula
II) The highest weightage is given to the per capita income of the state
III) The lowest weightage is given to the population of the state
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these
12.Which of the following public sector companies sells gold coins and silver ornaments under the trademark 'Sanchi'?
1) Rare Earths Ltd
2) State Trading Corporation (STC)
3) National Mineral Development Corporation (NMDC)
4) Minerals and Metals Trading Corporation (MMTC)
5) None of these
13.Power produced from which of the following sources has the highest share in India's annual power generation capacity ?
1) Hydro
2) Coal
3) Gas
4) Nuclear
5) None of these
14.What is the share of private expenditure on health in the total health expenditure in India according to the World Health Report of the World Health Organisation released recently?
1) 12%
2) 37%
3) 46%
4) 72%
5) None of these
15.BHAVINI is a public sector company in which sector ?
1) Shipping
2) Metals trading
3) Space
4) Nuclear energy
5) None of these
16.Which of the following statements about the Indian Economy in 2050 as per a recent report by Pricewaterhouse Coopers (Pwc) is / are correct ?
I) India's GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050
II) India's GDP in Purchasing Power Parity (PPP) terms is the second highest in the world in 2050
III) Only China will be ahead of India in both MER and PPP terms in 2050
1) I only
2) I and II only
3) II only
4) II and III only
5) None of these
17.Which of the following are not listed on stock exchanges in India ?
1) Fertiliser companies
2) NBFCs
3) Insurance companies
4) Airlines
5) None of these
18.What should be the minimum share of solar energy in states' total power purchases by 2022 as per the amendment in power tariff policy recently ?
1) 1%
2) 2%
3) 3%
4) 4%
5) None of these
19.Which of the following statements about FDI in retail sector is / are correct ?
I) 100 per cent FDI is permitted in cold chain through the automatic route.
II) Up to 33 per cent FDI is permitted in single brand retail
III) 100 per cent FDI is permitted in wholesale cash and carry
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
20.Which of the following pairs of large banks and their countries of origin is / are correctly matched ?
I) JPM organ Chase - Britain
II) ING Group - Netherlands
III) Standard Bank - South Africa
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
21.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?
I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres
II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres
III) No excise duty is levied on cotton fibres
1) I only
2) II only
3) I and III only
4) III only
5) None of these
22.The Bombay Stock Exchange launched the BSE TASIS Shariah 50 - a stock index that is compliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?
I) Banking
II) Cement & Steel
III) Alcohol & tobacco products
1) I only
2) I and II only
3) III only
4) I and III only
5) None of these
23.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?
1) Bank of India
2) Bank of Baroda
3) Central Bank of India
4) SBI
5) None of these
24.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?
1) Tata Power
2) NHPC
3) Indian Oil
4) ONGC
5) None of these
25. Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?
I) Punjab National Bank - New Delhi
II) Allahabad bank – Kolkata
III) Bank of India - Mumbai
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
26.The tax on short - term capital inflows is named after which Nobel Laureate in economics ?
1) Gary Becker
2) james M. Buchanan
3) James Tobin
4) Myron Scholes
5) None of these
27.The term 'round - tripping' often appears in financial news these days. What does it mena?
1) Importing products that are not easily available in the domestic markes
2) Indian companies re-exporting imported products without any value addtion
3) Brining back illicit money hiddern aborad by Indians under a different name
4) Imposing high customs duty to discourage dumping of goods in Indian market
5) None of these
28.Infant Mortality Rate (IMR) data for high focus states (states where IMR is above national average) is collected once every five years. The Union Health Ministry has now decided to collect such data .......
1) half yearly
2) annually
3) once every two years
4) once every three years
5) None of these
29.Which country's gold output of 340.88 tonnes was the highest in the world in 2010 ?
1) Canada
2) South Africa
3) China
4) USA
5) None of these
30.Which of the following became the first oil & gas company to find shale gas deposits in India recently ?
1) Reliance Industries Ltd.
2) Cairn India
3) Essar Oil
4) ONGC
5) None of these
31.'Anushakti Vidhyut Nigam Ltd' was incorporated as a joint venture between Nuclear Power Corporation of India Ltd and which of the following recently ?
1) NMDC
2) NHPC
3) BEL
4) NTPC
5) None of these
32.Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation ?
1) National Institute of Public FInance and Policy
2) National Institute of Bank Management
3) National Institute of Findnancial Management
4) National Council of Applied Economic Research
5) None of these
33.China emerged as the world's second largest economy in 2010 overtaking ......
1) France
2) Britain
3) Germany
4) Japan
5) None of these
34.CARINGS has been launched by Ministry of Womena nd Child Development to :
1) improve gender parity
2) reduce infant mortality
3) improve child immunisation
4) facilitate adoption
5) None of these
35.The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing Acts relating to coinage recently. Which of the following Acts is the oldest ?
1) The Indian Coinage Act
2) The Small Coins (Offences) Act
3) The Metal Token Act
4) The Bronze Coin (Legal Tender) Act
5) None of these
36.Which of the following is not a hedge fund ?
1) Magellan
2) Hibhbridge
3) Gartner
4) D.E. Shaw
5) None of these
37.Preferred Provder Network (PPN) is a term used n which of the following businesses ?
1) Commodities trading
2) Retailing
3) Health insurance
4) Foreign trade
5) None of these
38.Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations?
1) IRDA
2) SEBI
3) RBI
4) TRAI
5) None of these
39.The government has introduced three new consumer price indices – CPI (Rural), CPI (Urban) & CPI (Combined) – with 2010 as the base year recently. Which of the following is not among the five major commodity groups covered in the indics ?
1) Food, beverages and tobacco
2) Fuel and light
3) Education and schooling
4) Housing
5) None of these
40.Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?
1) Stanchart Bank
2) HDFC Bank
3) SBI
4) Axis Bank
5) None of these
41.Regional Rural Banks (RRBs) are owned b :
I) Their Sponsor Bank
II) Government of the state where they are located
III) Union government
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
42.'Easy Exit Scheme 2011' floated by the Ministry of Corporate Affairs refers to which of the following ?
1) Privatisation of loss-making public sector companies
2) Removal of names of defunct companies from the Registrar of Companies
3) Closure of loss-making industries after paying off creditors
4) Removal of SEZ status for companies not fulfilling export obligations
5) None of these
43.What is the financial inclusion campaign lacunched by the government to bring banking services to vast unbanked rural areas in the country recently named ?
1) Swawlamban
2) Swatantra
3) Swadhar
4) Swabhiman
5) None of these
44.Whch of the following statements about India's population and surface area is are correct as per the provisional figures of Census 2011 ?
I) India accounts for 2.4 percent of the world surface area
II) India sustains 17.5 percent of the world population
III) Population density has increased between 2001 and 2011
1) I only
2) I and II only
3) III and I only
4) I, II and III
5) None of these
45.According to the RBI, branches serving population of ........ and above are classified as Metropolitan branches
1) 5 lakh
2) 10 lakh
3) 25 lakh
5) 50 lakh
5) None of these
46.Which state government has announced introduction of 'Vanita Family Card' for below poverty line families that will enable them travel in road transport corporation buses at concessional fares recently ?
1) Karnataka
2) Tamil Nadu
3) Maharashtra
4) Andhra Pradesh
5) None of these
47.'French Auction' is a term used in which of the following sectors of financial services ?
1) Banking
2) Insurance
3) Capital markets
4) Micro-finance
5) None of these
48.The department of industrial policy and promotion (DPP) is promoting NMIZs to improve the spread of industrilisation in the country. NMIZ refers to which of the following ?
1) New Manufacturing and Investment Zones
2) National Medium Industry Zones
3) National Manufacturing Industry Zones
4) National Manufacturing and Investment Zones
5) None of these
49.Which state / union territory has the lowest literacy rate as per provisional figures of Census 2011 ?
1) Orissa
2) Mizoram
3) Bihar
4) Rajasthan
5) None of these
50.The Department of Industrial Poliyc and Promotion announced changes in FDi policy recently. Which of the following statements is / are correct ?
I) Indian companies have been allowe to convert foreign debt into equity
II) Indian companies have been allowed to issue equity to fund imports of machinery and capital goods
III) 51 per cent FDI is currently allowed in multi-branch retail trade
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
ANSWERS:
1) 4 2) 2 3) 4 4) 2 5) 4 6) 3 7) 3 8) 3 9) 3 10) 4
11) 1 12) 4 13) 2 14) 4 15) 4 16) 4 17) 3 18) 3 19) 4
20) 3 21) 3 22) 4 23) 4 24) 3 25) 4 26) 3 27) 3 28) 2 29) 3
30) 4 31) 4 32) 4 33) 4 34) 4 35) 3 36) 3 37) 3 38) 2 39) 3 40) 4
41) 4 42) 2 43) 4 44) 4 45) 2 46) 4 47) 3 48) 4 49) 3 50) 2
1) Fertiliser
2) Food processing
3) Telecom
4) Petroleum
5) None of these
2.What is the meant by recent news reports saying – "Indian Rupee is appreciating"?
I) THe purchasing power of the Rupee in India has declined
II) The exchange rate of Rupee in India has gone up
III) The purchasing power of the Rupee in India has gone up
1) I only
2) II only
3) II or III only
4) III only
5) None of these
3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu
2) Bihar
3) Karnataka
4) Andhra Pradesh
5) None of these
4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?
1) Uttar Pradesh
2) Karnataka
3) Kerala
4) Tamil Nadu
5) None of these
5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?
1) It has increased the interest rate on NPS deposits
2) It has allowed premature withdrawals
3) It has increased govt. subsidy for NPS deposit holders
4) It has increased distributors' commission
5) None of these
6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors ?
1) Horticulture
2) Gems & Jewellery
3) Watch
4) Pharmaceuticals
5) None of these
7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?
1) South Africa
2) Iran
3) Iceland
4) Bolivia
5) None of these
8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?
1) Dena Bank
2) Canara Bank
3) PNB
4) Bank of India
5) None of these
9.GRIHA rating system is used for which of the following ?
1) Cement
2) NBFCs
3) Buildings
4) Gold
5) None of these
10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?
1) Coconut
2) Pepper
3) Cardamom
4) Rubber
5) None of these
11.Which of the following statements is/are correct about the distribution of Central financial assistance to states ?
I) Central financial assistance for states is calculated according to the Gadgil Formula
II) The highest weightage is given to the per capita income of the state
III) The lowest weightage is given to the population of the state
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these
12.Which of the following public sector companies sells gold coins and silver ornaments under the trademark 'Sanchi'?
1) Rare Earths Ltd
2) State Trading Corporation (STC)
3) National Mineral Development Corporation (NMDC)
4) Minerals and Metals Trading Corporation (MMTC)
5) None of these
13.Power produced from which of the following sources has the highest share in India's annual power generation capacity ?
1) Hydro
2) Coal
3) Gas
4) Nuclear
5) None of these
14.What is the share of private expenditure on health in the total health expenditure in India according to the World Health Report of the World Health Organisation released recently?
1) 12%
2) 37%
3) 46%
4) 72%
5) None of these
15.BHAVINI is a public sector company in which sector ?
1) Shipping
2) Metals trading
3) Space
4) Nuclear energy
5) None of these
16.Which of the following statements about the Indian Economy in 2050 as per a recent report by Pricewaterhouse Coopers (Pwc) is / are correct ?
I) India's GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050
II) India's GDP in Purchasing Power Parity (PPP) terms is the second highest in the world in 2050
III) Only China will be ahead of India in both MER and PPP terms in 2050
1) I only
2) I and II only
3) II only
4) II and III only
5) None of these
17.Which of the following are not listed on stock exchanges in India ?
1) Fertiliser companies
2) NBFCs
3) Insurance companies
4) Airlines
5) None of these
18.What should be the minimum share of solar energy in states' total power purchases by 2022 as per the amendment in power tariff policy recently ?
1) 1%
2) 2%
3) 3%
4) 4%
5) None of these
19.Which of the following statements about FDI in retail sector is / are correct ?
I) 100 per cent FDI is permitted in cold chain through the automatic route.
II) Up to 33 per cent FDI is permitted in single brand retail
III) 100 per cent FDI is permitted in wholesale cash and carry
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
20.Which of the following pairs of large banks and their countries of origin is / are correctly matched ?
I) JPM organ Chase - Britain
II) ING Group - Netherlands
III) Standard Bank - South Africa
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
21.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?
I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres
II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres
III) No excise duty is levied on cotton fibres
1) I only
2) II only
3) I and III only
4) III only
5) None of these
22.The Bombay Stock Exchange launched the BSE TASIS Shariah 50 - a stock index that is compliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?
I) Banking
II) Cement & Steel
III) Alcohol & tobacco products
1) I only
2) I and II only
3) III only
4) I and III only
5) None of these
23.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?
1) Bank of India
2) Bank of Baroda
3) Central Bank of India
4) SBI
5) None of these
24.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?
1) Tata Power
2) NHPC
3) Indian Oil
4) ONGC
5) None of these
25. Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?
I) Punjab National Bank - New Delhi
II) Allahabad bank – Kolkata
III) Bank of India - Mumbai
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
26.The tax on short - term capital inflows is named after which Nobel Laureate in economics ?
1) Gary Becker
2) james M. Buchanan
3) James Tobin
4) Myron Scholes
5) None of these
27.The term 'round - tripping' often appears in financial news these days. What does it mena?
1) Importing products that are not easily available in the domestic markes
2) Indian companies re-exporting imported products without any value addtion
3) Brining back illicit money hiddern aborad by Indians under a different name
4) Imposing high customs duty to discourage dumping of goods in Indian market
5) None of these
28.Infant Mortality Rate (IMR) data for high focus states (states where IMR is above national average) is collected once every five years. The Union Health Ministry has now decided to collect such data .......
1) half yearly
2) annually
3) once every two years
4) once every three years
5) None of these
29.Which country's gold output of 340.88 tonnes was the highest in the world in 2010 ?
1) Canada
2) South Africa
3) China
4) USA
5) None of these
30.Which of the following became the first oil & gas company to find shale gas deposits in India recently ?
1) Reliance Industries Ltd.
2) Cairn India
3) Essar Oil
4) ONGC
5) None of these
31.'Anushakti Vidhyut Nigam Ltd' was incorporated as a joint venture between Nuclear Power Corporation of India Ltd and which of the following recently ?
1) NMDC
2) NHPC
3) BEL
4) NTPC
5) None of these
32.Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation ?
1) National Institute of Public FInance and Policy
2) National Institute of Bank Management
3) National Institute of Findnancial Management
4) National Council of Applied Economic Research
5) None of these
33.China emerged as the world's second largest economy in 2010 overtaking ......
1) France
2) Britain
3) Germany
4) Japan
5) None of these
34.CARINGS has been launched by Ministry of Womena nd Child Development to :
1) improve gender parity
2) reduce infant mortality
3) improve child immunisation
4) facilitate adoption
5) None of these
35.The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing Acts relating to coinage recently. Which of the following Acts is the oldest ?
1) The Indian Coinage Act
2) The Small Coins (Offences) Act
3) The Metal Token Act
4) The Bronze Coin (Legal Tender) Act
5) None of these
36.Which of the following is not a hedge fund ?
1) Magellan
2) Hibhbridge
3) Gartner
4) D.E. Shaw
5) None of these
37.Preferred Provder Network (PPN) is a term used n which of the following businesses ?
1) Commodities trading
2) Retailing
3) Health insurance
4) Foreign trade
5) None of these
38.Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations?
1) IRDA
2) SEBI
3) RBI
4) TRAI
5) None of these
39.The government has introduced three new consumer price indices – CPI (Rural), CPI (Urban) & CPI (Combined) – with 2010 as the base year recently. Which of the following is not among the five major commodity groups covered in the indics ?
1) Food, beverages and tobacco
2) Fuel and light
3) Education and schooling
4) Housing
5) None of these
40.Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?
1) Stanchart Bank
2) HDFC Bank
3) SBI
4) Axis Bank
5) None of these
41.Regional Rural Banks (RRBs) are owned b :
I) Their Sponsor Bank
II) Government of the state where they are located
III) Union government
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
42.'Easy Exit Scheme 2011' floated by the Ministry of Corporate Affairs refers to which of the following ?
1) Privatisation of loss-making public sector companies
2) Removal of names of defunct companies from the Registrar of Companies
3) Closure of loss-making industries after paying off creditors
4) Removal of SEZ status for companies not fulfilling export obligations
5) None of these
43.What is the financial inclusion campaign lacunched by the government to bring banking services to vast unbanked rural areas in the country recently named ?
1) Swawlamban
2) Swatantra
3) Swadhar
4) Swabhiman
5) None of these
44.Whch of the following statements about India's population and surface area is are correct as per the provisional figures of Census 2011 ?
I) India accounts for 2.4 percent of the world surface area
II) India sustains 17.5 percent of the world population
III) Population density has increased between 2001 and 2011
1) I only
2) I and II only
3) III and I only
4) I, II and III
5) None of these
45.According to the RBI, branches serving population of ........ and above are classified as Metropolitan branches
1) 5 lakh
2) 10 lakh
3) 25 lakh
5) 50 lakh
5) None of these
46.Which state government has announced introduction of 'Vanita Family Card' for below poverty line families that will enable them travel in road transport corporation buses at concessional fares recently ?
1) Karnataka
2) Tamil Nadu
3) Maharashtra
4) Andhra Pradesh
5) None of these
47.'French Auction' is a term used in which of the following sectors of financial services ?
1) Banking
2) Insurance
3) Capital markets
4) Micro-finance
5) None of these
48.The department of industrial policy and promotion (DPP) is promoting NMIZs to improve the spread of industrilisation in the country. NMIZ refers to which of the following ?
1) New Manufacturing and Investment Zones
2) National Medium Industry Zones
3) National Manufacturing Industry Zones
4) National Manufacturing and Investment Zones
5) None of these
49.Which state / union territory has the lowest literacy rate as per provisional figures of Census 2011 ?
1) Orissa
2) Mizoram
3) Bihar
4) Rajasthan
5) None of these
50.The Department of Industrial Poliyc and Promotion announced changes in FDi policy recently. Which of the following statements is / are correct ?
I) Indian companies have been allowe to convert foreign debt into equity
II) Indian companies have been allowed to issue equity to fund imports of machinery and capital goods
III) 51 per cent FDI is currently allowed in multi-branch retail trade
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
ANSWERS:
1) 4 2) 2 3) 4 4) 2 5) 4 6) 3 7) 3 8) 3 9) 3 10) 4
11) 1 12) 4 13) 2 14) 4 15) 4 16) 4 17) 3 18) 3 19) 4
20) 3 21) 3 22) 4 23) 4 24) 3 25) 4 26) 3 27) 3 28) 2 29) 3
30) 4 31) 4 32) 4 33) 4 34) 4 35) 3 36) 3 37) 3 38) 2 39) 3 40) 4
41) 4 42) 2 43) 4 44) 4 45) 2 46) 4 47) 3 48) 4 49) 3 50) 2
IBPS CLERKS GENREAL AWARENESS MODEL PAPER
1.Cairo Programme of Action (POA) refers to which of the following ?
1) Vaccination
2) Adult literacy
3) Food security
4) Population control
5) None of these
2.Justice Wadhwa Committee is reviewing the functioning of which of the following ?
1) Mid-day meal programme
2) Rashtriya Swasthaya Bima Yojna
3) Public Distribution System
4) Public Distribution System
5) None of these
3.What is the objective of the Central Registry launched under the provisions of the SARFAESI Act 2002, recently ?
1) To preent leakage of funds in delivery of central government sponsored rural emloyment sches
2) To prevent tax evasion by Indians by keeping track of large transactions in the banking system
3) To prevent frauds in loan cases involving multiple lending from different banks on the same asset
4) To ensure timely delivery of agricultural credit under priority sector norms by public sector banks
5) None of these
4. What is the objective of the National Mission for Electric Mobility launched recently ?
1) Promoting the use of energy saving devices
2) Promoting the replaement of diesel by electric locomotives in Indian Railways
3) Promoting spread of mob ile services in rural areas
4) Promoting the use of battery operated vehicles
5) None of these
5.What is the objective of India Smart Grid Forum (ISGF) ?
1) To promote R 7 D collaboration between universities and industry
2) To promote the use of non - renewable sources of energy
3) To promote higher education using broadband
4) TO promote energy effeciency in power sector
5) None of these
6.Which of the following became India's first bank to facilitate payment of income tax using ATMs recently ?
1) State Bank of India
2) Punjab National Bank
3) Canara Bank
4) Union Bank of India
5) None of these
7.Which of the following has / have been selected as the sole fund manager by the Employees Provident Fund Organisation (EPFO) to manage its corpus of about Rs 3.5 lakh crore recetly ?
1) State bank of India
2) ICICI Prudential
3) HSBC
4) Reliance Capital
5) None of these
8.Rabobank has received the Reserve Bank of India approval to set up its first branch in India recently. It is a bank headquartered in which country ?
1) France
2) Belgium
3) Britain
4) Netherlands
5) None of these
9.The government has approved the creation of posts of 'Indirect Tax Ombudsmen' in several cities recently. Which of the following statements about is / are correct ?
I) It will be set up in seven cities
II) It will examine public complaints on income tax matters
III) It will have the powers to give settle claims and give awards" to the aggrieved parties
1) I only
2) II and III only
3) II only
4) III and I only
5) None of these
10.What does 'remittances', a word we often come across in articles on foreign exchange reserves in newspapers, refer to ?
1) Postponement of paymnets to the IMF
2) Money transfer by amigrant worker to their home country
3) Donation by individuals to a chartiy
4) Taxation obligation of developing countries
5) None of these
11.Which state has launched the 'Jeevandhara' programme to provide quality medicines at affordable prices to the poor recently ?
1) Andhra Pradesh
2) Maharashtra
3) Rajasthan
4) Gujarat
5) None of these
12.The abbreviation 'EAG states' mentioned in the Census 2011 refers to which of the following?
1) Eligible Action Group States
2) Economically Advancing Group States
3) Empowered Action Group States
4) Empowered Advancing Group States
5) None of these
13. Which of the following had the highest share of bank credit (occupation - wise) as on March 31, 2009 according to a RBI report released recently ?
1) Agriculture
2) Industry
3) Trade
4) Transport Operators
5) None of these
14.Which of the following statements is / are correct about the Pension Fund Regulatory and Development Authority (PFRD) (1) Bill introduced in Lok Sabha ?
I) The Bill gives statutory status to interim pension regulator
II) The Bill was supported by Left Parties
III) The Bill was supported by the BJP
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
15.The Banking Laws (amendment) Bill 2011 was tabled in Parliament recently. Which of the following statements is / are correct as per current policy ?
I) Nationalised banks cannot issue bonus shares
II) Nationalised banks can raise capital through rights issues
III) Nationalised banks cannot issue preference shares
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
16.The government has tabled a Constitution Amendment Bill on the Goods and Services Tax (GST) in Parliament recently. WHich of the following statements is /a re correct ?
I) GST will replace many taxes levived at the Centre, including excise duty and service tax
II) GST will replace many taxes levied at the state level, including sales tax and entertainment tax
III) Currently states are not allowed to tax sale of goods, while the Centre cannot tax services
1) I only
2) I and II only
3) II only
4) III and II only
5) None of these
17. The Banking Laws (amendment) Bill 2011 was tabled in Parliaent recently. Which of the following statements is / are correct as per current policy ?
1) At present promoters and shareholders of private banks cannot exercise voting rights in proportion to their shareholding
II) Voting rights of a non - governments shareholder in nationalised banks cannot exceed 5% irrespective of the size of his shareholding
III) Voting rights of a shareholder in private sector banks cannot exceed 10% irrespective of the size of his shareholding
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
18.What is the FDi limit in the insurance sector in India ?
1) 11%
2) 26%
3) 49%
4) 51%
5) None of these
19.Which of the following is launchign 'Rupay' as a domestic alternative to the global real-time payment processing firms like Visa, MasterCard?
1) CCA venue Payment Gateway
2) PayPal Corporation of India
3) Industrial Financial Corporation of India
4) National Payments Corporation of India
5) None of these
20. Export of which of the following crop is / are allowed currently ?
1) Wheat
2) Non-Basmati rice
3) Sugar
4) Pulses
5) None of these
21.Which of the following is the oil exploration & production company operating in Siberia and owned by the ONGC ?
1) Venture Production
2) Regarl Petroleum
3) Enterprise Oil
4) Imperial Energy
5) None of these
22. The government has decided provide equity support to public sector banks (PSBs) to raise its holding to .........
1) 55%
2) 58%
3) 62%
4) 68%
5) None of these
23.Which of the following is / are not covered under the compulsory labelling programme of the Bureau of Energy Efficiency (BEE) ?
1) Air conditioners
2) Refrigerators
3) Geysers
4) Distribution transformers
5) None of these
24. Which foreign bank publishes the monthly Purchasing Managers' Index (PMI) that measures the health of manufacturing sector in India and is based on a survey of top 500 companies ?
1) Barclays
2) HSBC
3) Stanchart Bank
4) Citi Bank
5) None of these
25. Which of the following has become the first state in the country to announce a monthly allowance to unemployed under-graduates recently ?
1) Karnataka
2) Rajasthan
3) Goa
4) Maharashtra
5) None of these
26. How many commercial banks are functioning in India as per the 'Statistical Tables Relating To Banks in India 2009-10 unveiled by the RBI in March 2011 ?
1) 135
2) 167
3) 193
4) 256
5) None of these
27.The Rashtriya Krishi Vikas Yojana (RKVY) will be implemented in the coming year (2011 - 12) with a budget of Rs. 7860 crore and nine sub - schemes. Which of the following sub-scheme refers to livestock development, dairy farming and fisheries ?
1) Rainfed Area Development Programme
2) National Mission for Protein Supplements
3) Promotion of Oil Palm
4) Accelerated Fodder Development Programme
5) None of these
28. What was the share of priority sector lending in lending by commercial banks as on March 31, 2010 as per the 'Statistical Tables Relating to Banks in India 2009-10' report univeiled by the RBI recently ?
1) 16%
2) 24%
3) 31%
4) 36%
5) None of these
29. Under the current merger & acquisition policy, any deal involving acquisition of ..... or more in a listed company requires the acquirer to make an open offer for buying at least ....... stake from public shareholders.
1) 5 per cent, 10 per cent
2) 10 per cent, 15 per cent
3) 15 per cent, 20 per cent
4) 20 per cent, 25 per cent
5) None of these
30.Pradhan Mantri Adarsh Gram Yojana (PMAGY) is for the integrated development of which of the following category of villages ?
1) Villages where SCs comprise more than 25% of population
2) Villages where SCs & STs comprise more than 50% of population
3) Villages where STs comprise more than 25% of population
4) Villages where SCs comprise more than 50% of population
5) None of these
31. How much as the requirement of water for irrigation in India as per a recent assessment by the National Commission for Integrated Water Resources Development (NCIWRD) ?
1) 4000 billion cubic meters (BCM)
2) 1869 BCM
3) 1123 BCM
4) 557 BCM
5) None of these
32.Which foreign bank has the highest number of employees in India ?
1) HSBC
2) Royal Bank of Scotland (RBS)
3) Standard Chartered Bank
4) Citibank
5) None of these
33.Which of the following statements about solvency ratio in the insurance sector is /are correct?
I) IRDA has directed general insurance companies to increase their solvency ratios for vehicle insurance
II) A high solvency ratio indicats lower probability of default
III) A higher solvency ratio indicates better financial health of the insurance company
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
34. Which of the following regions had the highest number of bank branches in the country as per the 'Statistical Tables Relating to Banks in India 2009-10' unveiled by the RBI recently?
1) Rural
2) Semi-Urban
3) Urban
4) Metropolitan
5) None of these
35.Which state has the highest number of commercial bank branches in India as on March 31, 2010 as per the 'Statistical Tables Relating to Banks in India 2009-10' report unveiled by the RBI recently ?
1) UP
2) Maharashtra
3) Andhra Pradesh
4) Tamil nadu
5) None of these
36. Which of the following does not come under the definition of Scheduled Commercial Banks in India ?
1) Scheduled State Co - operative Banks
2) cheduled Urban Co - operative Banks
3) REgional Rural Banks
4) None of the above
5) None of these
37.Which of the following is / are implementing the Traditional Knowledge Digital Library (TKDL) project ?
I) Ministry of Science and Technology
II) Council of Scientific and Industrial Research
III) Ministry of Health and Family Welfare
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
38. What ws the poverty rate in 2009-10 according to recent estimates by Planning Commission ?
1) 28%
2) 30%
3) 32%
4) 34%
5) None of these
39.Which of the following statements about demand and supply of petroleum products in India is / are correct ?
I) India's current petroleum refining capacity is 240 million tonnes per annum (MTPa)
II) India's demand for the petroleum products is less than its refining capacity
III) Further addition in refining capacity is likely to boost country's exports of petroleum products
1) I only
2) I and II ony
3) II and III only
4) III and I only
5) None of these
40. Which of the following has launched the 'Trans Union Score' that will indicate credit worthiness of consumers applying for loans from banks ?
1) Experian Credit Information Co
2) Indian Credit Rating Agency
3) Credit Information Bureau Ltd
4) Euifax Information Services
5) None of these
41. Which bank has announced an end to its 'teaser' home loan scheme recently ?
1) Bank of India
2) HDFC Bank
3) Union Bank
4) State Bank of India
5) None of these
42.The government has decided to set up an inter-ministerial group chaired by Planning Commission member Arun Maira to examine the ssue of imposing restrictions on FDI in pharmaceutical industry. How much FDI is permitted currently ?
1) 33%
2) 49%
3) 51%
4) 100%
5) None of these
43. Which of the following is the criterion for allocation of foodgrains under the Public Distribution System (PDS) to below poverty line (BPL) families ?
1) Same quantity of foodgrains is given to every BPL family
2) The quantity of foodgrains given depends on the number of members in the BPL family
3) The quantty of foodgrains given depends on the annual income of the BPL family
4) Both (2) & (3)
5) None of these
44.How much was the net Foreign Institutional Investor (FII) investment in Indian stock markets in 2010-11 acording to SEBI ?
1) Rs. 0.76 lakh crores
2) Rs. 0.95 lakh crore
3) Rs. 1.17 lakh crore
4) Rs. 1.46 lakh crore
5) None of these
45.The government has launched 'Service Discharge Benefit Scheme' for over 2.7 lakh employees of which organisation recently ?
1) Department of Telecom
2) Indian Army
3) Department of Posts
4) Indian Railways
5) None of these
46. Accredited Social Health Activists (ASHAs) In which state are known as 'Mitanins' ?
1) Jharkhand
2) Rajasthan
3) Orissa
4) Chhattisgarh
5) None of these
47. 'Health and Wellness Tourism – Advantage India', a study that offers a 10 - point prescription to boost health and wellness tourism in India, is a joint initiative of YES Bank and ....
1) MCI
2) IMA
3) FICCI
4) CII
5) None of these
48. Kimberley Process certificates are compulsory for for trade in which of the following ?
1) Gold
2) Diamonds
3) Radioactive materials
4) All the above
5) None of these
49. The Ministry of Statistics 7 Programme Implementation recently decided to allow MPs to spend a maximum of Rs. 10.00 lakhs per year from their MPLAD funds for :
1) creating awareness about social welfare schemes of the government
2) building sports facilites in their constitutencies
3) rehabilitation of those affected by natural calamities
4) giving assistance to the physically challenged in their constitutencies
5) None of these
50. The Foreign Contribution Regulation Act (FCRa) 2010 came into effect from May 1, 2011. Which of the following statements is / are correct ?
I) 'Organisations of political nature' can receive foreign funds only after prior clearances from the government
II) Organisations that receive foreign funds will have to renew their registration once every three years
III) Banks will have to immediately report to the government about all foreign funds exceeding Rs. 10 lakh
1) I only
2) I and II only
3) II only
4) III only
5) None of these
ANSWERS:
1) 4 2) 4 3) 3 4) 4 5) 4 6) 4 7) 1 8) 4 9) 4 10) 1
11) 1 12) 3 13) 2 14) 4 15) 4 16) 2 17) 4 18) 2 19) 4 20) 3
21) 4 22) 2 23) 3 24) 2 25) 3 26) 2 27) 2 28) 3 29) 3 30) 4
31) 4 32) 3 33) 4 34) 1 35) 1 36) 4 37) 4 38) 3 39) 3 40) 3
41) 4 42) 4 43) 1 44) 4 45) 3 46) 4 47) 3 48) 2 49) 4 50) 4
1) Vaccination
2) Adult literacy
3) Food security
4) Population control
5) None of these
2.Justice Wadhwa Committee is reviewing the functioning of which of the following ?
1) Mid-day meal programme
2) Rashtriya Swasthaya Bima Yojna
3) Public Distribution System
4) Public Distribution System
5) None of these
3.What is the objective of the Central Registry launched under the provisions of the SARFAESI Act 2002, recently ?
1) To preent leakage of funds in delivery of central government sponsored rural emloyment sches
2) To prevent tax evasion by Indians by keeping track of large transactions in the banking system
3) To prevent frauds in loan cases involving multiple lending from different banks on the same asset
4) To ensure timely delivery of agricultural credit under priority sector norms by public sector banks
5) None of these
4. What is the objective of the National Mission for Electric Mobility launched recently ?
1) Promoting the use of energy saving devices
2) Promoting the replaement of diesel by electric locomotives in Indian Railways
3) Promoting spread of mob ile services in rural areas
4) Promoting the use of battery operated vehicles
5) None of these
5.What is the objective of India Smart Grid Forum (ISGF) ?
1) To promote R 7 D collaboration between universities and industry
2) To promote the use of non - renewable sources of energy
3) To promote higher education using broadband
4) TO promote energy effeciency in power sector
5) None of these
6.Which of the following became India's first bank to facilitate payment of income tax using ATMs recently ?
1) State Bank of India
2) Punjab National Bank
3) Canara Bank
4) Union Bank of India
5) None of these
7.Which of the following has / have been selected as the sole fund manager by the Employees Provident Fund Organisation (EPFO) to manage its corpus of about Rs 3.5 lakh crore recetly ?
1) State bank of India
2) ICICI Prudential
3) HSBC
4) Reliance Capital
5) None of these
8.Rabobank has received the Reserve Bank of India approval to set up its first branch in India recently. It is a bank headquartered in which country ?
1) France
2) Belgium
3) Britain
4) Netherlands
5) None of these
9.The government has approved the creation of posts of 'Indirect Tax Ombudsmen' in several cities recently. Which of the following statements about is / are correct ?
I) It will be set up in seven cities
II) It will examine public complaints on income tax matters
III) It will have the powers to give settle claims and give awards" to the aggrieved parties
1) I only
2) II and III only
3) II only
4) III and I only
5) None of these
10.What does 'remittances', a word we often come across in articles on foreign exchange reserves in newspapers, refer to ?
1) Postponement of paymnets to the IMF
2) Money transfer by amigrant worker to their home country
3) Donation by individuals to a chartiy
4) Taxation obligation of developing countries
5) None of these
11.Which state has launched the 'Jeevandhara' programme to provide quality medicines at affordable prices to the poor recently ?
1) Andhra Pradesh
2) Maharashtra
3) Rajasthan
4) Gujarat
5) None of these
12.The abbreviation 'EAG states' mentioned in the Census 2011 refers to which of the following?
1) Eligible Action Group States
2) Economically Advancing Group States
3) Empowered Action Group States
4) Empowered Advancing Group States
5) None of these
13. Which of the following had the highest share of bank credit (occupation - wise) as on March 31, 2009 according to a RBI report released recently ?
1) Agriculture
2) Industry
3) Trade
4) Transport Operators
5) None of these
14.Which of the following statements is / are correct about the Pension Fund Regulatory and Development Authority (PFRD) (1) Bill introduced in Lok Sabha ?
I) The Bill gives statutory status to interim pension regulator
II) The Bill was supported by Left Parties
III) The Bill was supported by the BJP
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
15.The Banking Laws (amendment) Bill 2011 was tabled in Parliament recently. Which of the following statements is / are correct as per current policy ?
I) Nationalised banks cannot issue bonus shares
II) Nationalised banks can raise capital through rights issues
III) Nationalised banks cannot issue preference shares
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
16.The government has tabled a Constitution Amendment Bill on the Goods and Services Tax (GST) in Parliament recently. WHich of the following statements is /a re correct ?
I) GST will replace many taxes levived at the Centre, including excise duty and service tax
II) GST will replace many taxes levied at the state level, including sales tax and entertainment tax
III) Currently states are not allowed to tax sale of goods, while the Centre cannot tax services
1) I only
2) I and II only
3) II only
4) III and II only
5) None of these
17. The Banking Laws (amendment) Bill 2011 was tabled in Parliaent recently. Which of the following statements is / are correct as per current policy ?
1) At present promoters and shareholders of private banks cannot exercise voting rights in proportion to their shareholding
II) Voting rights of a non - governments shareholder in nationalised banks cannot exceed 5% irrespective of the size of his shareholding
III) Voting rights of a shareholder in private sector banks cannot exceed 10% irrespective of the size of his shareholding
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
18.What is the FDi limit in the insurance sector in India ?
1) 11%
2) 26%
3) 49%
4) 51%
5) None of these
19.Which of the following is launchign 'Rupay' as a domestic alternative to the global real-time payment processing firms like Visa, MasterCard?
1) CCA venue Payment Gateway
2) PayPal Corporation of India
3) Industrial Financial Corporation of India
4) National Payments Corporation of India
5) None of these
20. Export of which of the following crop is / are allowed currently ?
1) Wheat
2) Non-Basmati rice
3) Sugar
4) Pulses
5) None of these
21.Which of the following is the oil exploration & production company operating in Siberia and owned by the ONGC ?
1) Venture Production
2) Regarl Petroleum
3) Enterprise Oil
4) Imperial Energy
5) None of these
22. The government has decided provide equity support to public sector banks (PSBs) to raise its holding to .........
1) 55%
2) 58%
3) 62%
4) 68%
5) None of these
23.Which of the following is / are not covered under the compulsory labelling programme of the Bureau of Energy Efficiency (BEE) ?
1) Air conditioners
2) Refrigerators
3) Geysers
4) Distribution transformers
5) None of these
24. Which foreign bank publishes the monthly Purchasing Managers' Index (PMI) that measures the health of manufacturing sector in India and is based on a survey of top 500 companies ?
1) Barclays
2) HSBC
3) Stanchart Bank
4) Citi Bank
5) None of these
25. Which of the following has become the first state in the country to announce a monthly allowance to unemployed under-graduates recently ?
1) Karnataka
2) Rajasthan
3) Goa
4) Maharashtra
5) None of these
26. How many commercial banks are functioning in India as per the 'Statistical Tables Relating To Banks in India 2009-10 unveiled by the RBI in March 2011 ?
1) 135
2) 167
3) 193
4) 256
5) None of these
27.The Rashtriya Krishi Vikas Yojana (RKVY) will be implemented in the coming year (2011 - 12) with a budget of Rs. 7860 crore and nine sub - schemes. Which of the following sub-scheme refers to livestock development, dairy farming and fisheries ?
1) Rainfed Area Development Programme
2) National Mission for Protein Supplements
3) Promotion of Oil Palm
4) Accelerated Fodder Development Programme
5) None of these
28. What was the share of priority sector lending in lending by commercial banks as on March 31, 2010 as per the 'Statistical Tables Relating to Banks in India 2009-10' report univeiled by the RBI recently ?
1) 16%
2) 24%
3) 31%
4) 36%
5) None of these
29. Under the current merger & acquisition policy, any deal involving acquisition of ..... or more in a listed company requires the acquirer to make an open offer for buying at least ....... stake from public shareholders.
1) 5 per cent, 10 per cent
2) 10 per cent, 15 per cent
3) 15 per cent, 20 per cent
4) 20 per cent, 25 per cent
5) None of these
30.Pradhan Mantri Adarsh Gram Yojana (PMAGY) is for the integrated development of which of the following category of villages ?
1) Villages where SCs comprise more than 25% of population
2) Villages where SCs & STs comprise more than 50% of population
3) Villages where STs comprise more than 25% of population
4) Villages where SCs comprise more than 50% of population
5) None of these
31. How much as the requirement of water for irrigation in India as per a recent assessment by the National Commission for Integrated Water Resources Development (NCIWRD) ?
1) 4000 billion cubic meters (BCM)
2) 1869 BCM
3) 1123 BCM
4) 557 BCM
5) None of these
32.Which foreign bank has the highest number of employees in India ?
1) HSBC
2) Royal Bank of Scotland (RBS)
3) Standard Chartered Bank
4) Citibank
5) None of these
33.Which of the following statements about solvency ratio in the insurance sector is /are correct?
I) IRDA has directed general insurance companies to increase their solvency ratios for vehicle insurance
II) A high solvency ratio indicats lower probability of default
III) A higher solvency ratio indicates better financial health of the insurance company
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
34. Which of the following regions had the highest number of bank branches in the country as per the 'Statistical Tables Relating to Banks in India 2009-10' unveiled by the RBI recently?
1) Rural
2) Semi-Urban
3) Urban
4) Metropolitan
5) None of these
35.Which state has the highest number of commercial bank branches in India as on March 31, 2010 as per the 'Statistical Tables Relating to Banks in India 2009-10' report unveiled by the RBI recently ?
1) UP
2) Maharashtra
3) Andhra Pradesh
4) Tamil nadu
5) None of these
36. Which of the following does not come under the definition of Scheduled Commercial Banks in India ?
1) Scheduled State Co - operative Banks
2) cheduled Urban Co - operative Banks
3) REgional Rural Banks
4) None of the above
5) None of these
37.Which of the following is / are implementing the Traditional Knowledge Digital Library (TKDL) project ?
I) Ministry of Science and Technology
II) Council of Scientific and Industrial Research
III) Ministry of Health and Family Welfare
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
38. What ws the poverty rate in 2009-10 according to recent estimates by Planning Commission ?
1) 28%
2) 30%
3) 32%
4) 34%
5) None of these
39.Which of the following statements about demand and supply of petroleum products in India is / are correct ?
I) India's current petroleum refining capacity is 240 million tonnes per annum (MTPa)
II) India's demand for the petroleum products is less than its refining capacity
III) Further addition in refining capacity is likely to boost country's exports of petroleum products
1) I only
2) I and II ony
3) II and III only
4) III and I only
5) None of these
40. Which of the following has launched the 'Trans Union Score' that will indicate credit worthiness of consumers applying for loans from banks ?
1) Experian Credit Information Co
2) Indian Credit Rating Agency
3) Credit Information Bureau Ltd
4) Euifax Information Services
5) None of these
41. Which bank has announced an end to its 'teaser' home loan scheme recently ?
1) Bank of India
2) HDFC Bank
3) Union Bank
4) State Bank of India
5) None of these
42.The government has decided to set up an inter-ministerial group chaired by Planning Commission member Arun Maira to examine the ssue of imposing restrictions on FDI in pharmaceutical industry. How much FDI is permitted currently ?
1) 33%
2) 49%
3) 51%
4) 100%
5) None of these
43. Which of the following is the criterion for allocation of foodgrains under the Public Distribution System (PDS) to below poverty line (BPL) families ?
1) Same quantity of foodgrains is given to every BPL family
2) The quantity of foodgrains given depends on the number of members in the BPL family
3) The quantty of foodgrains given depends on the annual income of the BPL family
4) Both (2) & (3)
5) None of these
44.How much was the net Foreign Institutional Investor (FII) investment in Indian stock markets in 2010-11 acording to SEBI ?
1) Rs. 0.76 lakh crores
2) Rs. 0.95 lakh crore
3) Rs. 1.17 lakh crore
4) Rs. 1.46 lakh crore
5) None of these
45.The government has launched 'Service Discharge Benefit Scheme' for over 2.7 lakh employees of which organisation recently ?
1) Department of Telecom
2) Indian Army
3) Department of Posts
4) Indian Railways
5) None of these
46. Accredited Social Health Activists (ASHAs) In which state are known as 'Mitanins' ?
1) Jharkhand
2) Rajasthan
3) Orissa
4) Chhattisgarh
5) None of these
47. 'Health and Wellness Tourism – Advantage India', a study that offers a 10 - point prescription to boost health and wellness tourism in India, is a joint initiative of YES Bank and ....
1) MCI
2) IMA
3) FICCI
4) CII
5) None of these
48. Kimberley Process certificates are compulsory for for trade in which of the following ?
1) Gold
2) Diamonds
3) Radioactive materials
4) All the above
5) None of these
49. The Ministry of Statistics 7 Programme Implementation recently decided to allow MPs to spend a maximum of Rs. 10.00 lakhs per year from their MPLAD funds for :
1) creating awareness about social welfare schemes of the government
2) building sports facilites in their constitutencies
3) rehabilitation of those affected by natural calamities
4) giving assistance to the physically challenged in their constitutencies
5) None of these
50. The Foreign Contribution Regulation Act (FCRa) 2010 came into effect from May 1, 2011. Which of the following statements is / are correct ?
I) 'Organisations of political nature' can receive foreign funds only after prior clearances from the government
II) Organisations that receive foreign funds will have to renew their registration once every three years
III) Banks will have to immediately report to the government about all foreign funds exceeding Rs. 10 lakh
1) I only
2) I and II only
3) II only
4) III only
5) None of these
ANSWERS:
1) 4 2) 4 3) 3 4) 4 5) 4 6) 4 7) 1 8) 4 9) 4 10) 1
11) 1 12) 3 13) 2 14) 4 15) 4 16) 2 17) 4 18) 2 19) 4 20) 3
21) 4 22) 2 23) 3 24) 2 25) 3 26) 2 27) 2 28) 3 29) 3 30) 4
31) 4 32) 3 33) 4 34) 1 35) 1 36) 4 37) 4 38) 3 39) 3 40) 3
41) 4 42) 4 43) 1 44) 4 45) 3 46) 4 47) 3 48) 2 49) 4 50) 4
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
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
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