SOCIO ECONOMIC AWARENESS PRACTICE MCQs

1. Under Microfinance, SHG stands for—
(A) Self High Group
(B) Self Help Group
(C) Saving High Group
(D) Self Help Goods
Answer: Self Help Group

2. What is the target of the Government of India for the year 2012-13 to the agriculture sector ?
(A) Rs. 575000 crore
(B) Rs. 4050000 crore
(C) Rs. 18500 crore
(D) Rs. 16390 crore
Answer: Rs. 575000 crore

3. The government has put a target of disbursing Rs. 575000 crore institutional credit to agriculture sector during—
(A) 2012-13
(B) 2013-14
(C) 2014-15
(D) 2016-17
Answer: 2012-13

4. The Banking Regulation (Amendment) Bill 2004 was introduced for—
(A) Privatisation of Bank
(B) Credit Control
(C) For removing 10% cup on voting rights and also encouraging foreign banks to set up subsidiaries and attract foreign investment
(D) Bank Rate
Answer: (C)

5. India Millennium Deposit (IMD) scheme was launched by the—
(A) SBI
(B) RBI
(C) UTI
(D) UBI
Answer: SBI

6. RBI announced its Monetary & credit policy 2012-13 on—
(A) January 1, 2012 
(B) March 17, 2012
(C) April 17, 2012 
(D) May 4, 2012
Answer: April 17, 2012

7. What is the base year of newly introduced Consumer Price Index (CPI) ?
(A) 2004-05 
(B) 2010
(C) 2011 
(D) 2012
Answer: 2010

8. Planning Commission has lowered the poverty line from `32 per day to—
(A) Rs. 28 
(B) Rs.29
(C) Rs.30 
(D) Rs.31
Answer: Rs.28

9. In Monetary and Credit Policy 2012-13, Cash Reserve ratio kept—
(A) At 7% 
(B) At 8%
(C) At 4•75% 
(D) At 9%
Answer: At 4•75%

10. In RBI's Monetary and Credit Policy 2012-13 (Announced on April 17, 2012)—
(A) GDP growth projection maintained at 10%
(B) Credit growth projection for 2012-13 cut to 8%.
(C) Money supply growth target reduced to 10%
(D) Repo rate reduced from 8•5% to 8•0%
Answer: Repo rate reduced from 8•5% to 8•0%

11. SLR refers to—
(A) That portion of total deposit of a commercial bank which it has to keep with itself in the form of case reserves
(B) Interest Rate
(C) Bank Rate
(D) Repo Rate
Answer: (A)

12. When RBI reduced SLR from 25% to 24% ?
(A) December 16, 2010 
(B) July 1, 2011
(C) July 16, 2011 
(D) October 1, 2011
Answer: December 16, 2010

13. Which is more closed to Base Rate of the Banks?
(A) Repo Rate 
(B) Reverse Repo Rate
(C) PLR 
(D) CRR
Answer: PLR

14. What is Bank Rate (As on April 17, 2012) ?
(A) 9•0% (B) 7 %
(C) 8% (D) 6%
Answer: 9•0%

15. On April 17, 2012 Repo Rate fixed at—
(A) 8•75% 
(B) 8•25%
(C) 8•0% 
(D) 8•50%
Answer: 8•0%

16. Which is not correct ?
(A) Bank Rate : 9•0 % 
(B) Reverse Repo Rate : 7•0 %
(C) Repo Rate : 8•0 % 
(D) SLR : 40%
Answer: SLR : 40%

17. At present how many commercial banks in Public Sector are working in the country ?
(A) 27 
(B) 30
(C) 35 
(D) 18
Answer: 27

18. Which bank is the largest Public Sector bank in the country ?
(A) Union Bank of India 
(B) HDFC
(C) RBI 
(D) SBI
Answer: SBI

19. Which is the largest Private Sector Bank in the country ?
(A) HDFC Bank 
(B) ICICI Bank
(C) Kotak Mahindra Bank 
(D) AXIS Bank
Answer: ICICI Bank

20. On June 30, 2011 how many branches of SBI and Group were working in the country ?
(A) 17976 
(B) 18200
(C) 67300 
(D) 62650
Answer: 17976