Bank of India Probationary Officers Exam., 2010

General Awareness on Current Developments 

 
(Exam Held on 24-1-2010)

 1. The President of the Palestine recently emphasized that his country will not resume peace talks until Israel fully halts settlement building in the—

(A) West Bank
(B) Haifa
(C) Gaza
(D) Tel-Aviv-Yafo
(E) Jerusalem
Ans : (A)

2. All the major world leaders gathered in Berlin in Nov. 2009 to mark the 20th anniversary of—
(A) European Union
(B) NATO
(C) Fall of Berlin Wall
(D) G-20
(E) None of these
Ans : (C)

3. Now almost all major newspaper journals and magazines are printing research reports giving the analysis and/or the causes of the sub-prime crisis which gripped America and the world a few months back. Which of the following was/were amongst the common cause(s) of the same ?
(They were present in almost all the economies)
(1) The problem was that investors erroneously believed property prices were quite predictable and built a whole edifice of financial planning on the back of the American housing market.
(2) Credit rating agencies all over the world were not equipped to forecast the effect of sub-prime crisis on world economy. Agencies were over-confident and did not react in time.
(3) Neither USA nor other countries took a note of the crisis in time. In fact they ignored it for quite some time.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) Only 1 and 2
Ans : (A)

4. If you see a big hoarding at a prominent public place, the punch line of which says ‘We All Were Born Free’; ‘We All Have Equal Rights’, in all probability, the hoarding is put up by—
(A) National Commission for Farmers
(B) National Human Rights Commission
(C) Directorate of Income Tax
(D) Ministry of Foreign Affairs
(E) Union Public Service Commission
Ans : (B)

5. Nowadays we frequently read news items about ‘Derivatives’ as used in the world of finance and money market. Which of the following statement(s) correctly describes what a derivative is and how it affects money/finance markets ?
(1) Derivatives enable individuals and companies to insure themselves against financial risk.
(2) Derivatives are like fixed deposits in a bank and are the safest way to invest one’s idle money lying in a bank.
(3) Derivatives are the financial instruments which were used in India even during the British Raj.
(A) Only 3
(B) Only 2
(C) Only 1
(D) All 1, 2 and 3
(E) None of these
Ans : (B)


6. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point ?
(A) Ten per cent of one hundredth point
(B) One hundredth of 1%
(C) One hundredth of 10%
(D) Ten per cent of 1000
(E) None of these
Ans : (B)

7. Which of the following issues cannot come under the purview of the functioning of the Human Rights Commission of a country ?
(A) Racial Discrimination
(B) Treatment to Prisoners of War
(C) Human Trafficking
(D) Child Abuse
(E) Climate Migration
Ans : (E)

8. A prominent international weekly sometime ago printed a caption on its cover page which read ‘Brazil Takes Off’. Other major newspapers/magazines also printed similar stories/articles in their publications at that time. Why have magazines/newspapers decided to talk about Brazil these days ?
(1) All major economies of the world have been taking time to recover from the recession but Brazil was one of those which was ‘Last in and First out’.
(2) Brazil is a member of BRIC but unlike China it is a democracy, unlike India, it has no hostile neighbours, no insurgents and unlike Russia it exports more oil and arms and treats foreign investors with more respect.
(3) Brazil is the world’s second largest booming economy.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) Only 1 and 2
Ans : (A)

9. Which of the following countries has conferred the honour of ‘Legion d’ honneur’ on Bharat Ratna Lata Mangeshkar ?
(A) Germany
(B) Norway
(C) Japan
(D) U.K.
(E) France
Ans : (E)

10. Expand the term NREGA—
(A) National Rural Employment Guarantee Agency
(B) National Rural Electrification Governing Agency
(C) National Rural Employment Guarantee Act
(D) New Rural Employment Guarantee Agency
(E) None of these
Ans : (C)

11. The Rajya Sabha has recently cleared the new poll bill. Which one of the following amendment(s) is/are made in this bill ?
It has proposed—
(A) Increasing the security deposits to more than double
(B) Restricting the publication of exit polls
(C) Ensuring speedy disposal of electoral disputes
(D) Only (A) and (B)
(E) All (A), (B) and (C)
Ans : (D)

12. The market in which long term securities such as stocks and bonds are bought and sold is commonly known as—
(A) Commodities Exchange
(B) Capital Market
(C) Bull Market
(D) Bullion Market
(E) None of these
Ans : (B)

13. Which one of the following was India’s top destination for exports during 2009 ?
(A) UAE
(B) USA
(C) Russia
(D) China
(E) Bangladesh
Ans : (A)

14. Which one of the following will be the first High Court in India, to implement the concept of ‘ecourts’ ?
(A) Delhi
(B) A.P.
(C) Chennai
(D) Kolkata
(E) None of these
Ans : (A)

15. Amongst the following, which one of the following sectors provides the highest contribution in Industrial Production Index ?
(A) Crude Oil
(B) Petro Refinery Products
(C) Electricity
(D) Coal
(E) None of these
Ans : (C)

16. Amongst the following sectors, which sector/segment has shown the highest per cent growth in the current fiscal ?
(A) Mining
(B) Manufacturing
(C) Electricity, gas and water supply
(D) Banking and Finance
(E) None of these
Ans : (B)

17. As per the reports published in newspapers, India purchased around 200 tonnes of gold (almost half the quantity of gold put up for sale) in Sept. 2009. India purchased this gold from which of the following organizations ?
(A) World Bank
(B) Asian Development Bank
(C) International Monetary Fund
(D) International Gold Council
(E) None of these
Ans : (C)

18. World Trade Organisation (WTO)’s ministerial meeting was organized in which of the following cities recently ?
(A) Geneva
(B) Washington
(C) Paris
(D) Port of Spain
(E) None of these
Ans : (A)

19. In which one of the following countries, was the recent Commonwealth Meet (CHOGAM) held ?
(A) Trinidad
(B) Canada
(C) Australia
(D) Jamaica
(E) U.K.
Ans : (A)

20. Which of the following decisions taken by the RBI will promote the concept of financial inclusion in the country ?
(A) To appoint some additional entities as business correspondents
(B) To collect reasonable service charges from the customer in a transparent manner for providing the services.
(C) To ask the banks to open at least 50 new accounts daily in non serviced areas.
(D) Only (A) and (B)
(E) None of these
Ans : (E)

21. For recapitalization of Public Sector Banks, the World Bank has decided to provide funds to India. These funds will be made available in the form of—
(A) Soft Loan
(B) Term Loan
(C) Emergency aid
(D) Grants
(E) None of these
Ans : (A)

22. Citizens of which one of he following age-groups (in years) are covered under the New Pension System (NPS) ?
(A) 18–50
(B) 21–55
(C) 25–55
(D) 18–60
(E) None of these
Ans : (D)

23. Which one of the following is the objective of the flagship scheme ‘Rashtriya Swasthya Bima Yojana’ (RSBY) ?
(A) To provide life insurance cover to rural households
(B) To provide health insurance cover to rural households
(C) To provide both life and health insurance cover to rural household
(D) To provide life and health insurance covers only to people living below poverty line
(E) None of these
Ans : (D)

24. Which one of the following had set up the N. R. Narayana Murthy Committee on issues relating to Corporate Governance ?
(A) SEBI
(B) RBI
(C) CII
(D) Ministry of Finance, GOI
(E) None of these
Ans : (A)

25. The proceeds of the disinvestment of profitable public sector units will be used for which of the following purposes ?
(A) Expansion of existing capacity of PSEs
(B) Modernisation of PSEs
(C) Opening of new PSEs
(D) Meeting the expenditure for various social sector schemes
(E) None of these
Ans : (D)

26. Which one of the following is the target fixed for fiscal deficit in the year 2010-2011 ?
(A) 3•5%
(B) 4•0%
(C) 5•5%
(D) 5•0%
(E) None of these
Ans : (C)

27. Which one of the following companies is the largest producer of natural gas in the country ?
(A) ONGC
(B) OIL
(C) Cairn India
(D) RIL
(E) None of these
Ans : (A)

28. Which one of the following states has sought a package of Rs. 500 crores ($ 100 million) for its Rural Poverty Reduction Programme ?
(A) M.P.
(B) Tamil Nadu
(C) A.P.
(D) Karnataka
(E) None of these
Ans : (C)

29. Chinese objections have stalled the road work at the village of Demchok, on the Indian side of the line of control. In which one of the following states is this village located ?
(A) Arunachal Pradesh
(B) Assam
(C) Himachal Pradesh
(D) Rajasthan
(E) None of these
Ans : (E)

30. Constitutionally, which one of the following can levy Service Tax ?
(A) Union Govt. only
(B) State Govt. only
(C) Union Territory Govt. only
(D) All of these
(E) None of these
Ans : (D)

31. In the proposed low cost pension scheme, which one of the following has been made responsible for maintaining of the records of pension account of an individual ?
(A) SIDBI
(B) National Securities Depositories Ltd. (NSDL)
(C) Stock Holding Corporation of India
(D) RBI
(E) None of these
Ans : (B)

32. Which one of the following is/are implication(s) of large inflow of foreign exchange into the country ?
1. It makes monetary management difficult for RBI.
2. It creates money supply, asset bubbles and inflation.
3. It weakens the competitiveness of Indian exports.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (B)

33. The Central Banks of which one of the following countries has offered $ 115 billion emergency credit to support its economy hit by falling prices and also to strengthen its currency ?
(A) South Korea
(B) Japan
(C) U.K.
(D) USA
(E) None of these
Ans : (B)

34. Which of the following books is written by Chetan Bhagat ?
(A) The Golden Gate
(B) A House for Mr. Biswas
(C) 2 States
(D) White Tiger
(E) None of these
Ans : (C)

35. NTPC Ltd. is in the process of exploring opportunities to source coal from overseas. In which one of the following countries has the NTPC identified two new coal mines ?
(A) Bhutan
(B) Australia
(C) South Korea
(D) Indonesia
(E) None of these
Ans : (D)

36. Which of the following organizations has raised its loan amount to India to make it US $ 7 billion in 2009-10 fiscal ?
(A) Asian Development Bank
(B) International Monetary Fund
(C) World Bank
(D) European Union
(E) None of these
Ans : (C)

37. Who amongst the following cricket players became the first to score 17000 runs in One Day Internationals ?
(A) Rahul Dravid
(B) Stephen Fleming
(C) Ricky Ponting
(D) Sachin Tendulkar
(E) None of these
Ans : (D)

38. The Govt. of India has decided to use the Core Banking System of banks to ensure proper usage of funds provided for which of its following programmes ?
(A) Literacy Mission
(B) Pradhanmantri Gram Sadak Yojana
(C) National Health Mission
(D) All of these
(E) None of these
Ans : (A)

39. Famous Dada Saheb Phalke Award is given for exemplary work in the field of—
(A) Sports
(B) Literature
(C) Science & Technology
(D) Social Service
(E) None of these
Ans : (E)

40. The Reverse Mortgage Scheme was launched by some organizations a few years back. This was done to help which of the following sections of society ?
(A) Beneficiaries of the NREGA
(B) People living Below Poverty Line
(C) Youngsters
(D) Senior Citizens
(E) None of these
Ans : (D)

41. The organization of the South East Asian countries is known as—
(A) OPEC
(B) ASEAN
(C) NATO
(D) UNCTAD
(E) SAARC
Ans : (B)

42. ‘Miss Earth 2009’ title has been conferred upon—
(A) Alejandra Pedrajas
(B) Sandra Saifert
(C) Jessica Barboza
(D) Larissa Ramos
(E) None of these
Ans : (D)

43. Which of the following countries became the third largest producer of Steel in the world in 2009 ?
(A) China
(B) India
(C) USA
(D) Japan
(E) None of these
Ans : (B)

44. The Foreign Trade policy is announced recently by the Govt. of India. Which of the following ministries/agencies announce the same ?
(A) Reserve Bank of India
(B) Export Import Bank of India (EXIM Bank)
(C) Ministry of Foreign Affairs
(D) Ministry of Commerce & Industry
(E) None of these
Ans : (D)

45. Irina Bokova has taken over as the Chief of the—
(A) ILO
(B) UNICEF
(C) OPEC
(D) UNO
(E) UNESCO
Ans : (E)

46. Dorjee Khandu has taken over as the Chief Minister of—
(A) Meghalaya
(B) Uttarakhand
(C) Arunachal Pradesh
(D) Assam
(E) None of these
Ans : (C)

47. Which of the following terms is used in the game of Football ?
(A) Caddy
(B) Cutback
(C) Mid-on
(D) Love
(E) None of these
Ans : (B)

48. Which of the following is considered a Non Food Crop ?
(A) Wheat
(B) Maize
(C) Bajra
(D) Rice
(E) Jute
Ans : (E)

49. Who amongst the following was the Prime Minister of Nepal immediately prior to Madhav Kumar Nepal ?
(A) Ram Baran Yadav
(B) Pushpakamal Dahal
(C) Girija Prasad Koirala
(D) Mahendra Kumar Suryavanshi
(E) None of these
Ans : (B)

50. The 10th India-European Summit was held in New Delhi in November 2009. Who amongst the following represented India and also chaired the same ?
(A) S. M. Krishna
(B) Pratibha Patil
(C) Pranab Mukherjee
(D) Manmohan Singh
(E) None of these
Ans : (D)

Allahabad Bank Agriculture Officers Exam., 2009

 General Awareness

(Exam Held on 1-3-2009)

 1. According to the World Economic Forum which of the following groups of countries have the most developed financial system in the world ?

(A) USA–France
(B) France–Britain
(C) India–USA
(D) Britain–Australia
(E) USA–Britain
Ans : (E)

2. Which of the following sectors of US economy were passing through a phase of slow down recently and wanted US Govt. to provide bail out packages to them ?
1. Agricultural sector
2. Auto sector
3. Banking and Financial Services Sector
(A) Only 1
(B) Only 2
(C) Only 3
(D) 2 and 3 only
(E) All 1, 2 and 3
Ans : (C)

3. Which of the following statement(s) is/are true about the buy back of the Foreign Convertible Bonds (FCBs), which were in news recently ?
1. Govt. has put a ban on the buy back of the Foreign convertible Bonds.
2. Govt. has now allowed the buy back of the Foreign convertible Bonds.
3. Companies can now pre pay the foreign convertible bonds from their Indian rupee resources and/or through their foreign currency accruals.
(A) Only 1
(B) Only 2
(C) Only 3
(D) 2 and 3 only
(E) None of these
Ans : (D)

4. Which of the following countries has decided to issue a currency note equivalent to that of US$ 200 million as it is struggling with the world's highest inflation rate of 231 million per cent ?
(A) Somalia
(B) Ethiopea
(C) Sudan
(D) Uganda
(E) Zimbabwe
Ans : (E)
5. The Reserve Bank of India in its mid term review of the monetary policy in October 2008 had said that the inflation would be around 7% by the year-end.
Which of the following is/are indications on the basis of which RBI gave this statement ?
1. Headline inflation as measured by the wholesale price index has started declining
2. Commodity prices are coming down
3. Domestic Demand is also slowing down
4. Fuel prices are lowered down recently
(A) 1 and 2 only
(B) 1 and 4 only
(C) All 1, 2, 3 and 4
(D) Only 4
(E) None of these
Ans : (B)

6. As we all noticed in the recent past almost all major banks were offering loans at cheaper rates. Which was/were the major event(s) that took place in the financial sector, which prompted banks to do so ?
1. RBI frequently announced a cut in various rates and ratios
2. Govt. provided Rs. 7000 crore refinance to SIDBI to help SSIs
3. Housing loans upto Rs. 20 lakhs will now be treated as loan to priority sector
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 & 3
(E) None of these
Ans : (D)
7. Which of the following statements is/are TRUE about the Lehman Brothers Holdings Inc.
which was in news sometimes back ?
1. The US Govt. provided a US $ 7000 million bail out package to the company
2. The company filed for bankruptcy in a court in New York
3. The company is now out of financial crisis and is busy in its restructuring so that it can start afresh.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (B)

8. Which of the following States became the first State in India to reserve a Govt. job for HIV + candidates ?
(A) Maharashtra
(B) Kerala
(C) Karnataka
(D) Delhi
(E) None of these
Ans : (B)

9. The Govt. of India recently decided to allow Currency Futures in India. In addition to Ministry of Finance which is/are the other organization(s) whose permission/approval is needed for such operations in India ?
1. International Monetary Fund (IMF)
2. Reserve Bank of India (RBI)
3. Securities and Exchange Board of India (SEBI)
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) Only 2 and 3
Ans : (E)
10. The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF ?
(A) Loan Adjustment Fund
(B) Liquidity Adjustment Facility
(C) Long Awaited Funds
(D) Loan Against Funds
(E) None of these
Ans : (B)

11. As per the report being published in media now the economy of Asia is fast approaching at the saturation point while the growth prospects for Europe and US appear to be bleak. Hence Chinese, Americans and others are now looking towards—
(A) Africa
(B) South East Asia
(C) Latin America
(D) Gulf countries
(E) None of these
Ans : (B)

12. The formal or institutional credit delivery system in rural India comprises of which of the following ?
1. Cooperative Credit Institutions
2. Commercial Banks
3. Regional Rural Banks
4. Self Help Groups
(A) Only 1 and 2
(B) Only 3 and 4
(C) Only 1, 2 and 3
(D) All 1, 2, 3 and 4
(E) None of these
Ans : (C)
13. As per the reports published recently in the newspapers/magazines the Current Account Deficit of India's Balance of Payment during 2007-08 was at a very high level. When compared to the Gross Domestic Product (GDP) the percentage of the Current Account Deficit of 2007-08 was about what per cent of the GDP at that time ?
(A) 0•5%
(B) 0•75%
(C) 1%
(D) 1•25%
(E) 1•5%
Ans : (E)
14. The FDIC a USA based financial sector organization's name was in news recently. What is the full form of FDIC ?
(A) Federal Insurance Deposit Corporation
(B) Financial Insurance and Deposits Company
(C) Federal Income and Deposits Corporation
(D) Financial Instruments and Development Company
(E) None of these
Ans : (A)

15. The Reserve Bank of India has recently issued guidelines to banks on Pillar 2 of Basel II framework. Pillar 2 deals with which of the following ?
1. Better human resource management
2. Adequate capital to support risks
3. Better profitability with minimum number of employees
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (B)
16. Which of the following countries recently signed the Comprehensive Test Ban Treaty (CTBT) and became the 179th country to do the same ?
(A) India
(B) Pakistan
(C) Sudan
(D) Iraq
(E) None of these
Ans : (E)

17. A State Mission on Urban Poverty is formed by which of the following States in India ?
(A) Gujarat
(B) Maharashtra
(C) Rajasthan
(D) Kerala
(E) Tamil Nadu
Ans : (D)
18. The Govt. of India these days is trying to implement new projects/schemes for the development of North Eastern Region (NER) of our country. Which of the following statement (s) is/are True about the North Eastern Region of our country ?
1. The NE Region comprising eight States has a high literacy level and is rich in ethnic cultural heritage with linguistic diversity.
2. The region has very good educational institutions and facilities as each and every district has a very good school/college and one or two institutes for higher learning.
3. The Govt. of India is trying to open few model central schools in the Region so that children of the Region can compete with the children of other zones/regions as entire education in the NE Region is given in local languages at present.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (E)

19. India has recently signed an agreement with which of the following to form a Free Trade Area from January, 2009 ?
(A) ASEAN
(B) SAARC
(C) EU
(D) Latin America
(E) None of these
Ans : (A)
20. Which of the following States has decided to modernize Godavari Delta by investing a huge sum of Rs. 3,361 crores ?
(A) Tamil Nadu
(B) Maharashtra
(C) Kerala
(D) Andhra Pradesh
(E) None of these
Ans : (D)

21. Which of the following State Govts. has decided to request the Govt. of India to provide 33.3% reservation for the backward classes in State Assemblies and in the Lok Sabha ?
(A) Gujarat
(B) Uttar Pradesh
(C) Bihar
(D) Tamil Nadu
(E) Andhra Pradesh
Ans : (D)
22. Which of the following is not a department of the Ministry of Finance, Govt. of India ?
(A) Department of Economic Affairs
(B) Department of Expenditure
(C) Department of Revenue
(D) Department of Foreign Investments
(E) Department of Disinvestments
Ans : (D)

23. Which of the following countries recently signed a security cooperation agreement with India when our Prime Minister visited that country recently ?
(A) North Korea
(B) South Korea
(C) China
(D) Japan
(E) Nepal
Ans : (D)
24. Which of the following two countries decided to approach International Monetary Fund (IMF) to support them in their efforts to avoid financial turmoil which engulfed some big nations ?
(A) Hungary and Ukrain
(B) Croatia and Russia
(C) Russia and China
(D) USA and Russia
(E) Australia and China
Ans : (A)

25. As we all know a B. K. Chaturvedi Committee was set up by the Govt. of India to give recommendations on oil and natural gas sector. Which of the following is/are not amongst its recommendations ?
1. Special taxes to be imposed on all oil products in the country
2. Excise duties on petrol to be reduced to Rs. 10 per litre till March 2009
3. Subsidy on LPG should be increased from present 25% to 40%
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) Only 1 and 2
Ans : (D)
26. Which of the following is not a social sector programme being run by the Govt. of India ?
(A) Jawaharlal Nehru National Urban Renewal Mission
(B) National Rural Health Mission
(C) National Agricultural Insurance Scheme
(D) Sarva Shiksha Abhiyan
(E) Mid Day Meal Scheme
Ans : (C)
27. Under the Agricultural Debt Waiver and Debt Relief Scheme, the Govt. of India recently gave the first instalment of credit to the banks. What was the amount of the1st instalment ?
(A) Rs. 10,000 crore
(B) Rs. 15,000 crore
(C) Rs. 20,000 crore
(D) Rs. 25,000 crore
(E) None of these
Ans : (D)
28. As per the newspaper reports how many bank branches India has at present ? (all the banks put together) About—
(A) 25,000
(B) 30,000
(C) 50,000
(D) 60,000
(E) 70,000
Ans : (C)
29. As per the reports published in various newspapers/magazines in several nations of Asia, Africa and Latin America more people have mobile phones than bank accounts. What is the position in India in regard to these two facilities ? [Pick up the correct statement(s)]
1. In India about 260 million people have mobile phones.
2. At present about 34% of Indian population is enjoying the formal banking facilities.
3. RBI has recently approved mobile Banking (m–Banking) and favours SMS based small ticket payments upto Rs. 15,000.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)
30. The World Investment Report 2008 was released in September 2008. This report is published every year by—
(A) Govt. of India
(B) World Trade Organization (WTO)
(C) Asian Development Bank (ADB)
(D) World Bank
(E) United Nations Conference on Trade and Development (UNCTAD)
Ans : (E)

31. The National Illness Assistance Fund (NIAF) which was set up in 1997 is now known with a new name as—
(A) Rastriya Arogya Nidhi (RAN)
(B) National Health Mission (NHM)
(C) Pulse Polio Abhiyan (PPA)
(D) Integrated Disease Surveillance Project (IDSP)
(E) None of these
Ans : (A)
32. Bhimsen Joshi who was chosen for India's highest civilian award ‘Bharat Ratna’ is a famous—
(A) Sitarist
(B) Tabla Player
(C) Classical Singer
(D) Classical Dancer
(E) Cine Actor
Ans : (C)
33. As we all know the UN Security Council and IAEA want Iran to stop enrichment of Uranium as they fear that Iran may produce nuclear armaments. What is Irans’ view on the issue ?
1. Iran says it is doing enrichment for civilian purposes only
2. Iran is of the view that in the present scenario of the building tension in gulf region it needs a nuclear bomb to protect its interests.
3. Iran has signed Nuclear Proliferation Treaty (NPT) and it is doing whatever is allowed to do under NPT's terms and conditions
(A) Only 1
(B) Only 2
(C) Only 1 and 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

34. As we all know some new initiatives were introduced in the area of Fiscal Management by the Govt. of India. Which of the following acts was passed a few years back to keep a check on the fiscal indiscipline on macro economic parameters ?
(A) FERA
(B) FRBMA
(C) FEMA
(D) Public Debt Act
(E) None of these
Ans : (B)
35. As we all know the Govt. of India has launched a massive infrastructure development programme known as Bharat Nirman. What is/are the goal(s) of this programme ?
1. To bring at least one crore hectares additional land under assured irrigation
2. To provide internet connections to all 1,25,000 villages by 2012.
3. To provide road connectivity to all villages with a population of 1000 in plains and 500 in hilly areas.
(A) Only 1
(B) Only 2
(C) 1 and 3 only
(D) 2 and 3 only
(E) All 1, 2 and 3
Ans : (C)

36. Some members of the World Trade Organization (WTO) have raised objections on India's decision to give export subsidies on which of the following commodities ?
(A) Wheat
(B) Sugar
(C) Rice
(D) Steel
(E) Cement
Ans : (C)
37. Who among the following is the author of the book entitled, “To a Hunger-free World” ?
(A) A.P.J. Abdul Kalam
(B) M. S. Swaminathan
(C) Jaswant Singh
(D) Nelson Mandela
(E) None of these
Ans : (B)

38. National Games and Sports 2011 will be organised in which of the following states ?
(A) Goa
(B) Maharashtra
(C) Delhi
(D) Rajasthan
(E) None of these
Ans : (A)

39. ‘Jakumi’ is the mascot of which of the following events ?
(A) Commonwealth Games 2009
(B) SAARC Games 2010
(C) National Games 2009
(D) European Union Games 2012
(E) FIFA World Cup 2010
Ans : (E)
40. Nobel Laureate (2008) Jean-Marie Gustave le Clezio writes in which of the following languages ?
(A) French
(B) Spanish
(C) Japanese
(D) German
(E) None of these
Ans : (A)

41. Shiva Narayan Chandrapol, who was honoured with “Cricketer of the Year, 2008” by ICC, belongs to—
(A) India
(B) South Africa
(C) West Indies
(D) Sri Lanka
(E) None of these
Ans : (C)
42. ……… was the only Indian to win a gold medal in Olympic 2008.
(A) Saina Nehwal
(B) Sudesh Kumar
(C) Pankaj Advani
(D) Mahesh Bhupati
(E) Abhinav Bindra
Ans : (E)

43. The name of Jigme Khesar N. Wangchuk was in news, since he was enthroned as the…… of the following country.
(A) President of Bhutan
(B) King of Bhutan
(C) Prime Minister of Thailand
(D) King of Cambodia
(E) Prime Minister of Cambodia
Ans : (B)
44. Irani Cup is associated with which of the following games ?
(A) Hockey
(B) Cricket
(C) Badminton
(D) Golf
(E) Lawn Tennis
Ans : (B)

45. Recently Govt. of India has decided to increase the direct foreign investment, from present 26 per cent to—
(A) 40%
(B) 45%
(C) 49%
(D) 74%
(E) 100%
Ans : (C)
46. Third summit of IBSA was organised in October 2008 in—
(A) New Delhi
(B) Salvador
(C) Durban
(D) Mumbai
(E) None of these
Ans : (A)
47. Recently, who of the following was awarded National Amity Prize 2008 ?
(A) Shekhar Gupta
(B) Kiran Desai
(C) Vikram Seth
(D) Anita Desai
(E) Khushwant Singh
Ans : (E)
48. As per news in the newspapers, the President of country is Mr. Mugabo who has signed an agreement with the opposition leader Morgan Swanariroy to share to rule the country. What is the name of the country ?
(A) Zimbabwe
(B) Croatia
(C) Sudan
(D) Ethiopia
(E) Egypt
Ans : (A)
49. Dronacharya Prize is awarded in the field of…… for excellence in coaching.
(A) Literature
(B) Games and Sports
(C) Cinema
(D) Classical Dance
(E) None of these
Ans : (B)

50. Which of the following rate/ratio is not fixed by Reserve Bank of India ?
(A) Rapo rate
(B) SLR
(C) CRR
(D) Inflation
(E) RBI fixes all the above
Ans : (D) 

SBI ASSOCIATE BANKS CLERKS EXAM 2011

GENERAL AWARENESS

Q:1 What is financial inclusion ?

(1) To provide a permanent employment to the unemployed

(2) To provide a 100 days job to all those who are in need of a job

(3) To provide banking services to all those living in remote areas

(4) To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks.

(5) To provide finances for all.

Q: 2 Recently the term 3G was very much in news and even a conference on it was organized in India. What is the letter 'G' denotes in 3G ?

(1) Grade

(2) Group

(3) Global

(4) Guild

(5) Generation

Q: 3 Some major banks and financial institutions in various Western countries were to wind up their business and/ or declare themselves in financial problems during last few years. This trend is technically known as _

(1) Devaluation

(2) Deformation

(4) Political backdrop

(5) Globalisation

Q: 4 Which of the following International sports events was organized in Delhi in October 2010 in which several countries participated ?

(1) Asian Games

(2) World Cup Cricket Tournament

(3) Asian Hockey Tournament

(4) Commonwealth Games

(5) None of these

Q: 5 Exporters in India get insurance cover and risk cover from which of the following organizations?

(1) SIOBI

(2) NABARD

(3) ECGC

(4) RBI

(5) None of these

Q: 6 Which of the following places in India does not have a Stock Exchange ?

(1) Kolkata

(2) Ahmedabad

(3) Mumbai

(4) Delhi

(5) Udaipur

Q.7 Hillary Clinton who was in India recently is the U.S. Secretary of--

(1) Commerce

(2) State

(3) Treasury

(4) Defence

(5) None of these

Q.8 If Indian Banking industry had demonstrated its resilience to external shocks in 2008-09, the credit  goes to --

(A) Policies of the RBI & the Govt. of India

(C) Foreign aid/investments to Indian companies

(1) Only (A) (2j Only (B) (3) Only (C)

Q: 9 Tembhli village which was in news is in ---

(1) Bihar

(2) Rajasthan

(3) Orissa

(4) West Bengal

(5) Maharashtra

Q:10 Rohan Bopanna who represented Indian in an international event is a----

(1) Billiards Player

(2) Golf Player

(3) Chess Player

(4) Table Tennis Player

(5) Lawn Tennis Player

Q:11 AlBA Women's World Boxing Championship was organized in September 2010 in ---

(I) Rome

(2) New Delhi

(3) London

(4) Vienna

(5) Barbados

Q: 12 Mr. A. K. Antony a Union Minister in the Indian Cabinet recently signed an agreement with South Korea. This means the agreement is for the Cooperation in the field of--

(1) Agriculture

(2) Rural Development

(3) Defence

(4) Steel & Iron

(5) None of these

Q: 13 Sir Mota Singh who was Knighte by the Queen Elizabeth II earlier this year is---

(1) First Sikh Judge in UK

(2) first Sikh Minister in UK

(3) First Indian to become Vice Chancellor in Cambridge

(4) First Indian to become Governor of a State in USA

(5) None of these

Q.14 'Ayodhya' which was in news recently is a place in---

(1) Madhya Pradesh

(2) Bihar

(3) Rajasthan

(4) Jharkhand

(5) Uttar Pradesh

Q.15 Which of the following is the name of a private sector Bank in India?

(1) IDBI Bank

(2) Axis Bank

(3) Corporation Bank

(4) UCO Bank

(5) All are Private Banks

Q.16. The Govt. of India does no! provide any direct financial assistance to which of the following schemes?

(1) Mahatma Gandhi National Rural Employment Guarantee scheme

(2) Rural Health Mission

(3) Indira Aawas Yojana

(4) Jeevan Sathi Yojana

(5) Rajiv Gandhi Grameen Vidyutikaran Yojana

Q.17. What does the letter'S' denotes in 'AFSPA' ar abbreviation we very often see in newspapers?

(1) Slow

(2) Special

(3) State

(4) Solid

(5) Sovereign

Q.18. Which of the following terms is used in banking and finance?

(1) Abiotic

(2) Demand Deposit

(3) Fat scales

(4) A diabetic

(5) Cathode

Q.19. Which of the following is a food crop?

(1) Maize

(2) Cotton

(3) Palm

(4) Jute

(5) Jatropha

Q.20. Vedanta Alumina is a company operating in the area of ----

(1) Shipping

(2) Mining

(3) Cement

(4) Textiles

(5) Banking

Q.21. Names of which of the following rates/ratios cannot be seen in financial newspapers?

(1) Bank Rate

(2) Repo Rate

(3) Cash Reserve Ratio

(4) Pulse Rate

(5) Statutory Liquidity Ratio

Q.22. An individual visiting UAE will have to make his/her payments in which of the following currencies?

(1) Dirham

(2) Taka

(3) Baht

(4) Peso

(5) Dinar

Q.23. Who, amongst the following is NOT a famous writer?

(1) Sania Mirza

(2) V. S. Naipaul

(3) Chetan Bhagat

(4) Khushwant Singh

(5) Namita Gokhale

Q.24. 'Peepli Live' is a film directed by ---

(I) Anusha Rizvi

(2) Aamir Khan

(3) Kiran Rao

(4) David Dhawan

(5) None of these

Q.25. Which of the following is the Chemical name of the salt we use in our kitchen?

(1) Calcium Carbonate

(2) Calcium Chloride

(3) Sodium Carbonate

(4) Sodium Chloride

(5) Ammonium Sulphate

Q.26. The judges of the Supreme Court of India now retire at the age of---

(1) 58 years

(2) 60 years

(3) 62 years

(4) 65 years

(5) 68 years

Q.27. Operation New Dawn is the beginning of stability in---

(1) Afghanistan

(2) Iran

(3) Sudan

(4) Sri Lanka

(5) Iraq

Q.28. Which of the following books' is written by Kiran Desai ?

(1) A house for Mr. Biswas

(2) 3 Mistakes of My Life

(3) A Tale of Two Sisters

(4) The Inheritance of Loss

(5) Tale of Two Cities

Q.29. Jimena Na";'arrete who was crowned Miss Universe 2010 is from ---

(I) Mexico

(2) Venezuela

(3) Brazil

(4) New Zealand

(5) Italy

Q.30. India has an agreement with USA for producing energy in the form of---

(1) Hydraulic

(2) Thermal

(3) Nuclear

(4) Solar

(5) All of these forms

Q. 31 Which of the following is an economic term?

(1) Plaintiff

(2) Bunker Blaster

(3) Deflation

(4) Lampoon

(5) Zero Hour

Q.32. Which of the following awards is given to sports persons in India?

(1) Shantiswarup Bhatnagar Awards

(2) Arjuna Award

(3) Kalidas Samman

(4) Saraswati Samman

(5) None of these

Q.33. Which of the following is the trophy/cup associated with the game of cricket?

(1) Derby

(2) Merdeka Cup

(3) Santosh Trophy

(4) Duleep Trophy

(5) Durand Cup

Q.34. Who amongst the following can take benefit of the Social Security Fund established by the Govt. ofIndia for unorganized workers? .

(1) Primary school teacher

(2) Employee of Sugar Factory

(3) Textile Mazdoor

(4) Rickshaw Puller

(5) Clerk in a factory

Q.35. Shushil Kumar who won a Gold Medal at an international event is a famous---

(1) Wrestling champion

(2) Golf player

(3) Table Tennis Player

(4) Weight lifter

(5) None of these

Q.36. In case a major war breaks out between two nations, which of the following organizations/agencies will be seen in the battle field, in addition to the armies of the fighting parties?

(1) WTO

(2) Red Cross

(3) CARE

(4) OPEC

(5) All of these

Q.37. Which of the following is the abbreviated name associated with food security?

(1) ASHA

(2) PDS

(3) WTO

(4) OPEC

(5) NPA

Q.38. Which of the following is a good and rich source of vitamin 'C' ?

(1) Milk

(2) Radish

(3) Mango

(4) Lemon Juice

(5) Banana

Q.39. Who amongst the following Indian Prime Ministers was honoured Posthumously by the Govt. of Bangladesh for his/her contributions to the independence of the nation?

(1) Rajiv Gandhi

(2) Jawaharlal Nehru

(3) Indira Gandhi

(4) Lai Bahadur Shastri

(5) None of these          

Q.40. Who amongst the following was never a Governor of the RBI?

(1) Bimal Jalan

(2) Y. V. Reddy

(3) Arup Roy Choudhury

(4) C. Rangarajan

(5) D. Subbarao

 Answer:

(1) 3 (2) 5 (3) 3 (4) 10 (5) 5 (6) 5 (7) 4 (8) 1 (9) 5 (10) 5 (11) 5 (12) 3 (13) 1 (14) 5 (15) 2 (16) 1 (17) 2 (18) 2 (19) 4 (20) 2 (21) 4 (22) 1 (23) 1 (24) 1 (25) 4 (26) 4 (27) 1 (28) 4 (29) 1 (30)  (31) 3 (32) 2 (33) 4 (34) 4 (35) 5 (36) 2 (37) 2 (38) 4 (39) 3 (40) 3

Indian Overseas Bank PO 2009 Solved Paper

1. As we all know rise of the ‘BRICs’ has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of ‘Rise of the BRICs’ on global/other powerful economy/economies ?
1. Countries like China wish to learn more about outsourcing from India.
2. It has made countries to suffer from Sub-prime Crisis.
3. EURO has become a powerful currency and many non-Euro countries are in ‘Swap Agreement’ with various nations.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
2. As per the reports published in the newspapers/journals how much amount the Govt. of India is planning to infuse in Public Sector Banks to make them competitive and strong globally ?
About—
(A) Rs. 10,000 crore
(B) Rs. 15,000 crore
(C) Rs. 20,000 crore
(D) Rs. 25,000 crore
(E) Rs. 30,000 crore
3. What is the maximum stake the Govt. of India has in any public sector bank at present ?
(A) 40%
(B) 49%
(C) 50%
(D) 64%
(E) 74%
4. Which of the following is not a major highlight of the Union Budget 2008-09 ?
1. A target of Rs. 2•80 lakhs crore is fixed for providing credit to agriculture sector.
2. Limit of the Banking Cash Transaction Tax is raised from present 1% to 1•5%.
3. PAN requirement is not mandatory for financial transactions. Other Ids are also acceptable.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 2 and 3
(E) All 1, 2 and 3
5. As per the news in major financial newspapers a ‘Rashtriya Swasthya Bima Yojana’ is launched in Delhi and Haryana States for members of unorganized sectors. Under the scheme each family is likely to get the benefit of Rs.………
(A) 15,000
(B) 20,000
(C) 25,000
(D) 30,000
(E) 50,000
6. As proposed in the Union Budget 2008-09 a ‘Risk Capital Fund’ is set up by the Govt. of India. Who amongst the following will maintain and operate that fund ?
(A) NABARD
(B) SIDBI
(C) ECGC
(D) RBI
(E) None of these
7. As per the Economic Survey 2007-08 presented in the Lok Sabha in February 2008, what has been the percentage growth in Bank credit ? About—
(A) 10%
(B) 15%
(C) 18%
(D) 21%
(E) 26%
8. As per the budget of the Indian Railways for 2008-09 the operating ratio of the railways has—
(A) Improved only by 0•5%
(B) Decreased by 0•5%
(C) Remained at the same level on which it was in 2007-08
(D) Reached at the level of 81%
(E) Reduced to the level of 63% which was the level of 2000-01
9. The government of India has launched a new scheme for the ‘Girl Child’. What is the name of the scheme ?
(A) Raj Lakshmi
(B) Rani Bitia
(C) Dhan Lakshmi
(D) Aanandita
(E) None of these
10. The President of India recently signed the much-awaited notification for the implementation of the suggestions made by the ‘Delimitation Commission’.
What will be the effect of this notification ?
(A) Parliamentary and Assembly constituencies will be redefined
(B) Candidates from SC/ST categories will get all benefits for another 15 years’ time
(C) The boundaries of the National Capital, New Delhi will be extended further
(D) Operations of the Cooperative Banks and Societies will not be limited to the state of their origin. They will also be like Public Sector Banks
(E) None of these
11. As per the new policy the number of Judges in the Supreme Court would be now—
(A) 21
(B) 25
(C) 26
(D) 30
(E) 31
12. As per the reports published in the newspapers the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/are such credit rating agencies in India ?
1. CARE
2. CRISIL
3. ULIP
(A) Only 1
(B) Only 2
(C) 1 and 2 only
(D) Only 3
(E) All 1, 2 and 3
13. As per the newspaper reports the RBI is planning to introduce ‘Plastic Currency Notes’. What is/are the benefits of ‘Plastic Notes’ ?
1. Their Shelf life will be longer.
2. It will replace plastic money or credit, debit cards which are giving birth to many fraudulent practices.
3. Printing will be cheaper.
(A) Only 3
(B) Only 2
(C) Only 1
(D) All 1, 2 and 3
(E) None of these
14. ‘Sub Prime Lending’ is a term applied to the loans made to—
(A) Those borrowers who do not have a good credit history
(B) Those who wish to take loan against the mortgage of tangible assets
(C) Those who have a good credit history and are known to bank since 10 years
(D) Those borrowers who are most preferred customers of the Bank
(E) None of these
15. As per the reports published in various journals and newspapers the ‘small borrowers’ in rural areas still prefer to take informal route for their credit needs. Which of the following is the ‘informal route’ of credit in financial sector ?
(A) Credit cards
(B) Loan against gold from financial institute
(C) Debit cards
(D) Money lender
(E) None of these
16. The Planning Commission of India has set up a 12 member committee on financial sector reforms. Who is the Chairman of the Committee ?
(A) Janki Raman
(B) Raghuram Rajan
(C) Rakesh Mohan
(D) K. V. Kamath
(E) None of these
17. Basel-II norms are associated with which of the following aspects of the banking industry ?
(A) Risk management
(B) Manpower planning
(C) Retirement benefits for the employees
(D) Corporate Governance
(E) None of these
18. What is meant by ‘Underwriting’ the term frequently used in financial sector ?
(A) Under valuation of the assets
(B) The Act of taking on a risk for a fee
(C) Giving a Guarantee that a loan will not become a bad loan
(D) The act of permission to float an IPO
(E) None of these
19. The government of India recently constituted the New Finance Commission (13th). What are its major functions ? To decide—
1. The salary structure of the employees of the Central Government.
2. The distribution of the net proceeds of taxes between states and Central Govt.
3. Rate of Income Tax and other taxes collected by the Union Govt.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
20. Who amongst the following was the Captain of the Indian cricket team which registered its victory in tri-series ODI matches against Australia played in March 2008 ?
(A) M.S. Dhoni
(B) Anil Kumble
(C) Rahul Dravid
(D) Saurav Ganguly
(E) Sachin Tendulkar
21. Mr. Nicolas Sarkozy who was the chief guest during the Republic Day Function 2008 is the—
(A) President of Brazil
(B) Prime Minister of Brazil
(C) President of France
(D) Prime Minister of France
(E) Foreign Secretary of USA
22. Who amongst the following has taken over as the President of Serbia after the General elections held there in February 2008 ?
(A) Boris Tadic
(B) Tomislav Nicolic
(C) Samak Sundaravej
(D) Novak Djokovic
(E) None of these
23. Indra K. Nooyi who was elected as the Chairperson of the US-India Business Council is the CEO of which of the following Companies ?
(A) Pepsi Co.
(B) Infosys
(C) Tata Consultancy Services
(D) NIIT
(E) None of these
24. Maria Sharapova won the Australian Open 2008 Women’s singles by defeating—
(A) Shahar Peer
(B) Kateryna Bondarenko
(C) Sania Mirza
(D) Victoria Azarenka
(E) Ana Ivanovic
25. Saina Nehwal won the Seniors’ Championship match of which of the following games held in Goa in January 2008 ?
(A) Golf
(B) Tennis
(C) Table tennis
(D) Archery
(E) Badminton
26. As per the news published in some newspapers magazines two PSUs National Thermal Power Corporation and Coal India Ltd. are going to float a joint venture ‘SPV’. What is the full form of ‘SPV’ ?
(A) Small Power Venture
(B) Special Purpose Vehicle
(C) Special Power Venture
(D) Small Purpose Vehicle
(E) None of these
27. The Telecom Regulatory Authority of India (TRAI) recently agreed to allow foreign direct investment in the field of mobile television services. Upto what extent FDI is allowed in this field ?
(A) 50%
(B) 60%
(C) 64%
(D) 70%
(E) 74%
28. As per the performance assessment data released by the Economic Advisory Council (EAC) in January 2008. Which of the following sectors registered a growth of 3•6 per cent ?
(A) Agriculture Sector
(B) Banking Sector
(C) Tourism Sector
(D) Aviation Services Sector
(E) None of these
29. Which of the following is the name of very violent and serious types of winds which bring lot of disaster ?
(A) Trade winds
(B) Hurricane
(C) Cirrus
(D) Stratus
(E) None of these
30. The Global Employment Trends Report 2008 published by the International Labour Organization has indicated that there may be increase in global unemployment. What according to them is/are the major reasons of this possibility ?
1. Turmoil in Credit Markets all over the world.
2. Rise in oil prices in international market.
3. Civil unrest in some under and undeveloped nations.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) None of these
31. As we have noticed many banks of Indian origin are opening offices/branches in foreign countries. Why is this trend emerging at a very fast pace ?
1. These Banks wish to provide banking facilities to foreigners as banking facilities are not plenty in many foreign countries. India wants to take an advantage of the situation.
2. These banks wish to help Indian firms to acquire funds at internationally competitive rates.
3. These banks wish to promote trade and investment between India and other countries.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) Only 2 and 3
32. Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms ?
1. As Indian economy is getting increasingly integrated with the rest of the world the demand of the Corporate banking is likely to change in terms of size, composition of services and also the quality.
2. The growing foreign trade in India will have to be financed by the local banks.
3. Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this reference.
(A) Only 1 is correct
(B) Only 2 is correct
(C) Only 3 is correct
(D) All 1, 2 and 3 are correct
(E) None of these
33. As per the reports published in the newspapers Indian Rupee is now fully accepted in Asian countries like, Singapore, Hong Kong, Malaysia etc. What does it really mean ?
1. Anybody from Asian country can purchase Indian Rupee and keep it in his/her bank account in his/her country without any restrictions.
2. Now people in these nations are not required to go for a double conversion first in dollar and then in rupee.
3. People travelling European/Asian countries can make their payments in rupee anywhere without any problem.
(A) Only 1 is correct
(B) Only 2 is correct
(C) Only 3 is correct
(D) All 1, 2 and 3 are correct
(E) None of these
34. Which of the following is not a banking/finance related term ?
(A) Credit wrap
(B) EMI
(C) Held to Maturity
(D) Exposure limit
(E) Diffusion
35. Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions ?
1. Providing subsidy to agriculture.
2. Export of patented drugs/medicines by developed nations.
3. Restriction on natural movement of people from one nation to other.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) None of these
36. The Technology Mission on Cotton was launched during Xth plan. The scheme was designed to get increase in production of cotton by which of the following levels by the end of the plan ?
(A) 100 lakh bales
(B) 150 lakh bales
(C) 175 lakh bales
(D) 200 lakh bales
(E) None of these
37. A National Development Fund was created by the Government of India a few years ago. What was the purpose of the fund ?
1. Boost investment in social sector projects to promote education, healthcare and
employment.
2. Capital investments in selected profitable PSEs to yield adequate returns.
3. To fund revision in pay structure of Central Government employees.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) None of these
38. Olympic 2008 are scheduled to be held in—
(A) Paris
(B) Tokyo
(C) London
(D) Moscow
(E) None of these
39. The general elections took place in which of the following countries in March 2008 ?
(A) Iran
(B) Iraq
(C) Afghanistan
(D) Myanmar
(E) Sri Lanka
40. Who amongst the following is the author of the book ‘Economic Nightmare of India’ ?
(A) Morarji Desai
(B) K. Rajeshwar Rao
(C) Charan Singh
(D) Jyoti Basu
(E) None of these
41. As per the targets for 11th plan educated unemployment is to be reduced to which of the following levels ?
(A) 5%
(B) 6%
(C) 7%
(D) 8%
(E) 9%
42. ‘Long Walk’ to Freedom’ is a book written by—
(A) Sonia Gandhi
(B) L. K. Advani
(C) Nelson Mandela
(D) Benazir Bhutto
(E) Nawaz Sheriff
43. India recently signed a pact with which of the following countries on solving the problems of Indian labour in that country ?
(A) Iran
(B) UAE
(C) Malaysia
(D) Kuwait
(E) None of these
44. Which of the following countries is trying to launch a Satellite to study the sun ?
(A) USA
(B) India
(C) Russia
(D) China
(E) None of these
45. Jang Hyun Jong who was adjudged as the ‘Asian Hockey Player of the year’ is from—
(A) China
(B) Singapore
(C) South Korea
(D) India
(E) None of these
46. Who amongst the following is the winner of Padma Vibhushan Awards given away recently ?
(A) Rahul Gandhi
(B) Priya Dutt
(C) Vinod Dua
(D) Ratan Tata
(E) None of these
47. Which of the following films was adjudged ‘Best Film’ in 14th Star Screen Awards given away in January 2008 ?
(A) Om Shanti Om
(B) Guru
(C) Taare Zameen Par
(D) Jab We Met
(E) Chak De India
48. A meeting of the European Leaders was held in January 2008 at which of the following places to discuss ‘Global Economic Turmoil’ ?
(A) London
(B) New Delhi
(C) New York
(D) Tokyo
(E) Milan
49. Castro Sibling is the new President of—
(A) Romania
(B) Cuba
(C) Israel
(D) Venezuela
(E) None of these
50. Kosovo declared itself independent from which of the following countries ?
(A) Ukraine
(B) Croatia
(C) Serbia
(D) Russia
(E) None of these

Answers:

1. (B) 2. (C) 3. (E) 4. (A) 5. (D) 6. (B)
7. (D) According to Economic Survey 2007-08, the percentage growth in bank credit is 21•5%.
8. (D) 9. (C) 10. (A) 11. (E) 12. (A)
13. (C) 14. (A) 15. (D) 16. (B) 17. (A)
18. (A) 19. (B) 20. (A) 21. (C) 22. (A)
23. (A) 24. (E) 25. (E) 26. (B) 27. (E)
28. (A) 29. (B) 30. (D) 31. (E) 32. (A)
33. (D) 34. (E) 35. (A) 36. (D) 37. (A)
38. (E) 39. (A) 40. (C) 41. (A) 42. (C)
43. (D) 44. (A) 45. (C) 46. (D) 47. (E)
48. (A) 49. (E) 50. (E)

Vijaya Bank PO Exam, 2008 Solved Paper

General Awareness on Socio-Economic Developments 

(Exam Held on 2–3–2008)

1. The Foreign Exchange Reserve of India are kept in the custody of……
(A) World Bank
(B) International Monetary Fund
(C) Prime Minister Rahat Kosh
(D) Reserve Bank of India
(E) None of these
Ans. (D) Reserve Bank of India
2. The Reserve Bank of India issues coins and notes of various denominations. At present RBI does not issue coins of which of the following denominations ?
(A) 10 paise
(B) 20 paise
(C) 25 paise
(D) 50 paise
(E) 1·00 Rupee
Ans. (B) 20 paise
3. The European Union has adopted which of the following as a common currency ?
(A) Dollar
(B) Dinar
(C) Yen
(D) Peso
(E) Euro
Ans. (E) Euro
4. Various Banks in the country have installed machines which disburse money to general public. These machines are called……
(A) Coin dispensing machines
(B) ATMs
(C) Debit Card Machines
(D) Ledger Machines
(E) None of these
Ans. (B) ATMs
5. Which of the following names is not associated with the insurance business in India ?
(A) Bajaj Allianz
(B) LIC
(C) GIC
(D) Tata AIG
(E) GE Money
Ans. (E) GE Money
6. Commodity Exchanges at various places in India are trading in many metals like gold, silver, etc. Many times we read in newspapers that gold no more has emained the highest trading option and has been replaced by a non-traditional metal known as……
(A) copper
(B) steel
(C) zinc
(D) white gold
(E) None of these
Ans. (D) white gold
7. Which of the following is known as Plastic money ?
1. Demand Draft
2. Credit Card
3. Debit Card
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 2 and 3
(E) All 1, 2 and 3
Ans. (D) Both 2 and 3
8. Many a time we see a term in newspapers ‘IPO’. What is the full form of the same ?
(A) Indian Public Offer
(B) Institutional Purchase
(C) Industrial Purchase Order
(D) Indian Purchase Offer
(E) Initial Public Offer
Ans. (E) Initial Public Offer
9. Many a times we read in financial newspapers a term/name NMCEX. What is the full form of the same ?
(A) New Multi Capital Exchange
(B) National Medium Commodity Exchange
(C) National Multi Commodity Exchange
(D) Net Marketable Commodity Exchange
(E) None of these
Ans. (C) National Multi Commodity Exchange
10. Many Banks these days are entering into business of offering loans against property. This business of the banks can be categorized under which of the following heads of banking ?
(A) Corporate Banking
(B) Personal Banking
(C) Merchant Banking
(D) Portfolio Management Service
(E) None of these
Ans. (B) Personal Banking
11. Which of the following organizations/banks has done a commendable work in the field of micro finance and was awarded Nobel Prize also in the past ?
(A) Gramin Bank of Bangladesh
(B) CRY
(C) ASHA
(D) NABARD
(E) None of these
Ans. (A) Gramin Bank of Bangladesh
12. Nobel Prizes are not given for the performance in the area of…
(A) Literature
(B) Physics
(C) Chemistry
(D) Music
(E) Medical Science
Ans. (D) Music
13. In which of the following Hindi films has actor Shahrukh Khan played the role of a Hockey Coach ?
(A) Guru
(B) Chak De India
(C) Om Shanti Om
(D) Jab We Met
(E) None of these
Ans. (B) Chak De India
14. Which of the following countries has not made any significant investment in India ?
(A) Japan
(B) USA
(C) Nepal
(D) Britain
(E) France
Ans. (C) Nepal
15. Which of the following is considered an informal method of getting credit/finance ?
(A) Internet Banking
(B) Branch visits
(C) Going to money lenders
(D) Tele Banking
(E) All of these
Ans. (C) Going to money lenders
16. Which amongst the following nations is not a member of the SAARC ?
(A) Bangladesh
(B) Bhutan
(C) Nepal
(D) Maldives
(E) South Africa
Ans. (E) South Africa
17. Which of the following indexes is developed to measure life expectancy, level of literacy, education and standard of living of people in a country ?
(A) Inflation
(B) Sensex
(C) Human Development Index
(D) SLR
(E) None of these
Ans. (C) Human Development Index
18. Which of the following is not a Public Sector Unit/Undertaking/Agency ?
(A) ECGC
(B) SEBI
(C) SIDBI
(D) Axis Bank
(E) BHEL
Ans. (B) SEBI
19. Which of the countries represent letter ‘C’ in the category known as BRIC countries ?
(A) Canada
(B) Chile
(C) Cuba
(D) Croatia
(E) China
Ans. (E) China
20. Who amongst the following addresses the nation on the Independence Day from the ramparts of the Red Fort, Delhi ?
(A) President of India
(B) UPA Chairperson
(C) Speaker of the Lok Sabha
(D) Prime Minister of India
(E) None of these
Ans. (D) Prime Minister of India
21. Which of the following awards is given for excellence in the field of sports ?
(A) Kalidas Samman
(B) Dhyanchand Award
(C) Shram Vir Award
(D) Shanti Swarup Bhatnagar Award
(E) None of these
Ans. (B) Dhyanchand Award
22. Which of the following does not represent the name of a bank working in India ?
(A) YES
(B) HDFC
(C) TATA
(D) Kotak Mahindra
(E) Axis
Ans. (C) TATA
23. Twenty-20 matches are played in the game of……
(A) Hockey
(B) Football
(C) Badminton
(D) Tennis
(E) Cricket
Ans. (E) Cricket
24. Which of the following deals between India and one major country was put on a hold for some time as India is finding difficult to implement it ?
(A) 123 Pact with USA
(B) Fifth generation fighter plane deal with Russia
(C) Heavy Water deal with Iran
(D) Border talks with China
(E) None of these
Ans. (A) 123 Pact with USA
25. Which of the following is a type of tax levied by the Govt. on goods and services ?
(A) SAT
(B) NET
(C) PAN
(D) VAT
(E) None of these
Ans. (D) VAT
26. As per the news appeared in some major newspapers India is number two in getting ‘PE’. What is the full form of ‘PE’ as used in the financial world ?
(A) Professional and Ecofriendly
(B) Profitable Equity
(C) Profitable and Economical
(D) Private and Economical
(E) Private Equity
Ans. (E) Private Equity
27. Many a times we read in newspapers about ‘Financial Inclusion’. What does it really mean ? [Pick up correct statement(s)]
1. Allow the merger and acquisition of banks so that only few big banks exist and continue to cater to the need of corporate sector.
2. Expending the network of banks in such a way that people from lower strata of society also get the benefit of services provided by banks.
3. Providing Insurance cover to each and every citizen so that he/she can live a healthy and long life.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1, 2 and 3
Ans. (B) Only 2
28. Which of the following organizations recently issued some guidelines related to ‘Participatory Notes’ as used in financial world ?
(A) RBI
(B) IRDA
(C) SEBI
(D) AMFI
(E) None of these
Ans. (C) SEBI
29. Heavy Water is normally used by which of the following industries ?
(A) Nuclear Power generation plants
(B) Pharma Industry
(C) Paper Industry
(D) Sugar plants
(E) None of these
Ans. (A) Nuclear Power generation plants
30. As per news items published in various newspapers, Italy has offered its help in developing ‘SMEs’ in India. What is the full form of ‘SME’ ?
(A) Small and Monopolistic Economy
(B) Small and Medium Enterprises
(C) Speedy and Mechanical
(D) Small and Medium Level Economy
(E) None of these
Ans. (B) Small and Medium Enterprises
31. Which of the following statements about the ‘exports’ from India is true ?
1. Exports are showing good rate of growth.
2. Exports are growing in volume but still they are poorer than imports in terms of value.
3. Exports are not improving the way they were growing two years back.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3 are correct
(E) None of these
Ans. (C) Only 3
32. Which of the following countries for the first time elected a lady as its President recently ?
(A) Argentina
(B) China
(C) New Zealand
(D) Russia
(E) None of these
Ans. (A) Argentina
33. The Govt. of India keeps on clearing the proposal of setting up new SEZs at several places. What does the letter ‘S’ represent in the ‘SEZ’ ?
(A) Soft
(B) Small
(C) Special
(D) Supportive
(E) None of these
Ans. (C) Special
34. Which of the following is not a foodgrain ?
(A) Wheat
(B) Rice
(C) Maize
(D) Jowar
(E) Cotton
Ans. (E) Cotton
35. Who amongst the following was made the Chairman of the National Land Reforms Council ?
(A) Smt. Sonia Gandhi
(B) Arjun Singh
(C) Pranav Mukherjee
(D) Kamal Nath
(E) Manmohan Singh
Ans. (E) Manmohan Singh
36. Various Govt. agencies/organizations are given responsibilities for implementing various policies/decisions of the Govt. of India. Policies about credit flow to the agricultural/priority sector are framed/implemented through which of the following apex bodies ?
(A) ECGC
(B) NABARD
(C) UTI
(D) IDBI Bank
(E) None of these
Ans. (B) NABARD
37. As we read every then and now the Monetary and Credit Policy is reviewed and changes/corrections are made frequently. Who amongst the following exactly takes this decision in India ?
(A) Deputy Chairman, Planning Commission
(B) Prime Minister
(C) Finance Minister
(D) Chairman Finance Commission
(E) None of these
Ans. (E) None of these
38. The World Bank sanctioned Rs. 18,000 crores to which of the following states for its Poverty Alleviation Programme ?
(A) Karnataka
(B) Gujarat
(C) Maharashtra
(D) Uttar Pradesh
(E) None of these
Ans. (D) Uttar Pradesh
39. The UNO has declared year 2008 as the year of……
(A) AIDS Prevention
(B) Potato
(C) Water Harvesting
(D) Social Justice to Children
(E) None of these
Ans. (B) Potato
40. Who amongst the following is the author of the book ‘Pakistan– The Gathering Storms’ ?
(A) Benazir Bhutto
(B) Parvez Musharraf
(C) Arun Shourie
(D) Arun Gandhi
(E) None of these
Ans. (A) Benazir Bhutto
41. Which of the following is not a gallantry Award ?
(A) Vir Chakra
(B) Jeevan Raksha Padak
(C) Ashok Chakra
(D) Mahavir Chakra
(E) Saraswati Samman
Ans. (E) Saraswati Samman
42. Which of the following states has approved sharing Neyyar Irrigation Project water with Tamil Nadu ?
(A) Karnataka
(B) Andhra Pradesh
(C) Kerala
(D) Maharashtra and Karnataka
(E) None of these
Ans. (C) Kerala
43. Which of the following is not a foreign bank working in India ?
(A) HSBC
(B) Barclays
(C) Standard Chartered
(D) Yes Bank
(E) All are foreign banks
Ans. (D) Yes Bank
44. Who amongst the following is the Chairman of the 13th Finance Commission ?
(A) Bimal Jalan
(B) Y. V. Reddy
(C) C. Rangarajan
(D) Vijay Kelkar
(E) None of these
Ans. (D) Vijay Kelkar
45. India has the least or negligible trade relations with …………
(A) Japan
(B) Britain
(C) South Africa
(D) Uganda
(E) Iran
Ans. (D) Uganda
46. Your friend has received a sum of Rs. 10000 from his grandparents. He wants to deposit this sum in a bank under a condition of not to withdraw fully or partially for at least two years. He will be needed to open which type of account in the bank ?
(A) Small savings account
(B) Current account
(C) Fixed deposit account
(D) Demat account
(E) None of these
Ans. (C) Fixed deposit account
47. Recently, this was in news that ASEAN is an association of ……
(A) Commonwealth nations
(B) SAARC nations
(C) South-Eastern Asian nations
(D) Oil-exporting nations
(E) African nations
Ans. (C) South-Eastern Asian nations
48. Names of two important persons are often visible in newspapers/magazines/electronic media. These names are Dr. C. Rangarajan and Dr. Bimal Jalan. Which of the following facts are identical in the life of both these two persons ?
(A) Both are principal economic advisors to the Prime Minister
(B) Both are the Members of the Lok Sabha
(C) Both are the former Governors of RBI
(D) Both were the Finance Ministers of India
(E) There is nothing similar in both
Ans. (C) Both are the former Governors of RBI
49. Which of the following places of West Bengal was in news recently, since some violent incidences took place due to an attempt of agricultural land aquisition for industrial purposes ?
(A) Khadakpur
(B) Nandigram
(C) Howrah
(D) Bolepur
(E) None of these
Ans. (B) Nandigram
50. In accordance with the reports published in the papers/magazines, the Government of India and some NGOs have declared/started some projects to help/ to provide relief to the farmers in general and specially to perplexed farmers. Which of the following is not such a plan ?
(A) Crop insurance plan
(B) E-Chaupal
(C) Subsidy for chemical fertilizers
(D) Reconstruction of watershade/water-bodies
(E) Mid-day meal
Ans. (E) Mid-day meal

ECONOMY TERMS

Bretton Woods: An international monetary system operating from 1946-1973. The value of the dollar was fixed in terms of gold, and every other country held its currency at a fixed exchange rate against the dollar; when trade deficits occurred, the central bank of the deficit country financed the deficit with its reserves of international currencies. The Bretton Woods system collapsed in 1971 when the US abandoned the gold standard.

Balance of Payment is the summation of imports and exports made between one country and the other countries that it trades with.

Balance of trade: The difference in value over a period of time between a country's imports and exports.

Base year: In the construction of an index, the year from which the weights assigned to the different components of the index is drawn. It is conventional to set the value of an index in its base year equal to 100.

Bill of exchange: A written, dated, and signed three-party instrument containing an unconditional order by a drawer that directs a drawee to pay a definite sum of money to a payee on demand or at a specified future date. Also known as a draft. It is the most commonly used financial instrument in international trade.

Call money: Price paid by an investor for a call option. There is no fixed rate for call money. It depends on the type of stock, its performance prior to the purchase of the call option, and the period of the contract. It is an interest bearing band deposits that can be withdrawn on 24 hours notice.

Capital account; Part of a nation's balance of payments that includes purchases and sales of assets, such as stocks, bonds, and land. A nation has a capital account surplus when receipts from asset sales exceed payments for the country's purchases of foreign assets. The sum of the capital and current accounts is the overall balance of payments.

Current account: Part of a nation's balance of payments which includes the value of all goods and services imported and exported, as well as the payment and receipt of dividends and interest. A nation has a current account surplus if exports exceed imports plus net transfers to foreigners. The sum of the current and capital accounts is the overall balance of payments.

Currency appreciation: An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates; a unit of one currency buys more units of another currency. Opposite is the case with currency depreciation.

Fiscal deficit is the gap between the government's total spending and the sum of its revenue receipts and non-debt capital receipts. The fiscal deficit represents the total amount of borrowed funds required by the government to completely meet its expenditure

Foreign exchange reserves: The stock of liquid assets denominated in foreign currencies held by a government's monetary authorities (typically, the finance ministry or central bank). Reserves enable the monetary authorities to intervene in foreign exchange markets to affect the exchange value of their domestic currency in the market. Reserves are invested in low-risk and liquid assets, often in foreign government securities.

Gross domestic product (GDP): Gross Domestic Product: The total of goods and services produced by a nation over a given period, usually 1 year. Gross Domestic Product measures the total output from all the resources located in a country, wherever the owners of the resources live.

Gross national product (GNP) is the value of all final goods and services produced within a nation in a given year, plus income earned by its citizens abroad, minus income earned by foreigners from domestic production. The Fact book, following current practice, uses GDP rather than GNP to measure national production. However, the user must realize that in certain countries net remittances from citizens working abroad may be important to national well being. GNP equals GDP plus net property income from abroad.

Inflation: In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation is also erosion in the purchasing power of money a loss of real value in the internal medium of exchange and unit of account in the economy.

International Monetary Fund (IMF) An autonomous international financial institution that originated in the Bretton Woods Conference of 1944. Its main purpose is to regulate the international monetary exchange system, which also stems from that conference but has since been modified. In particular, one of the central tasks of the IMF is to control fluctuations in exchange rates of world currencies in a bid to alleviate severe balance of payments problems.

Monetary policy: The regulation of the money supply and interest rates by a central bank in order to control inflation and stabilize currency. If the economy is heating up, the central bank (such as RBI in India) can withdraw money from the banking system, raise the reserve requirement or raise the discount rate to make it cool down. If growth is slowing, it can reverse the process - increase the money supply, lower the reserve requirement and decrease the discount rate. The monetary policy influences interest rates and money supply.

Subsidy: A payment by the government to producers or distributors in an industry to prevent the decline of that industry (e.g., as a result of continuous unprofitable operations) or an increase in the prices of its products or simply to encourage it to hire more labor (as in the case of a wage subsidy). Examples are export subsidies to encourage the sale of exports; subsidies on some foodstuffs to keep down the cost of living, especially in urban areas; and farm subsidies to encourage expansion of farm production and achieve self-reliance in food production.

Treasury bill: A short-term debt issued by a national government with a maximum maturity of one year. Treasury bills are sold at discount, such that the difference between purchase price and the value at maturity is the amount of interest.

Central Bank of India Probationary Officers Exam., 2010

 

General Awareness
(Exam Held on 25-7-2010)

1. Equity schemes managed strong NAV gains, which boost their assets’ was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?
(A) Nil Accounting Variation
(B) Net Accounting Venture
(C) Net Asset Value
(D) New Asset Venture
(D) None of these
Ans : (C)
2. As per reports published in various news papers, mutual fund companies showed 94 per cent growth in their total profits during 2009-10. This means the profits earned by these companies were 94 per cent—
(A) Of the total investments they made collectively during the year
(B) More than their profits during previous year
(C) Of the total capital of the company
(D) Less than the total expenditure of the companies
(D) None of these
Ans : (B)
3. As per the news published in various news papers Pakistan has imposed 15 per cent regulatory duty on exports of cotton yarn. Why countries are required to impose regulatory duties on exports of some of their commodities while in the eyes of the layman more exports means more foreign exchange and more revenue for the Govt. ?
1. It is done to control the exports of a commodity as it may be needed more in local markets than in foreign countries.
2. It is done to control the general inflation in the country as the inordinate exports of various commodities create imbalance and also cost push inflation.
3. It is a good short time measure to collect more revenue from the exports of the commodity which is in high demand in overseas markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)
4. As per the reports published in some major news papers ‘ADAG companies’ made good profits during the year. ADAG companies are popularly known as—
(A) Companies owned by Tata Group
(B) Aditya Birla Companies
(C) Reliance companies
(D) Companies owned by Aptech
(E) None of these
Ans : (C)
5. ONGC – Mittal Energy finds hydrocarbons in two blocks OPL-279 & OPL -285 in Nigerian sea was the news in some major news papers. what is the full form of the term OPL as used in the above head line ?
(A) Oil Prospecting License
(B) Ownership and Partnership Lease
(C) Overseas Private Line
(D) ONGC Petroleum Ltd.
(E) None of these
Ans : (A)
6. “Mutual Funds reported exceptional performance in 2009-10” was the news in major financial news papers recently. What is a mutual fund ?
1. A type of collective investment scheme that pools money from many investors and invest it in stocks, bonds or other money market instruments.
2. It is a subsidiary of a bank or financial company created specially to ralse money to be invested in a particular industry i.e. housing or insurance etc. The money raised thus cannot be invested anywhere else.
3. When several banks and financial companies come together and create a common pool of money to fund
mega infrastructural project like bridges, roads, power plants etc. the common pool is known as Mutual Fund.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (B)
7. As we all know the Bank Rate at present is fixed at 6%. What does it mean in context to the banking operations ?
(A) No bank will be able to give loan to any party on a rate lower than the Bank Rate
(B) Bank should give loan to their priority sector customers/borrowers at the rate of 6% only. They cannot charge less or more than this from their priority sector clients
(C) Banks are required to invest 6% of their total capital on financial inclusion and inclusive banking operations
(D) Banks will be required to give 6% of their total deposits to the Govt. of India for meeting its Balance of Trade requirements
(E) None of these
Ans : (A)
8. As per the reports in various news papers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organizations/agencies issue the licence for the same ?
(A) Securities & Exchange Board of India (SEBI)
(B) Indian Institute of Banking & Finance (IIBF)
(C) Indian Bank Association
(D) Registrar of Companies
(E) None of these
Ans : (E)
9. We very frequently read about Europe’s Sovereign—debt crisis these day. Which of the following statement/s is/are true about the same ?
1. In early 2010 the Euro crisis developed in some countries like Greece, Spain and Portugal.
2. This created a credit default swap between the countries of the European Union.
3. SAARC countries have offered some assistance to some of severely affected countries like Portugal, Spain & Greece.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (A)
10. As we all know the RBI has raised the Cash Reserve Ratio (CRR) by 25 bps. in April 2010. What action banks will have to take to implement the same ?
1. They will have to deposit some more money with the RBI as a reserved money.
2. Banks will be required to give some more loan to projects of the priority sector.
3. Banks will be required to give loan equivalent to the CRR to the Govt. of India for its day to day expenditure as and when required.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (A)
11. As per estimates given by the RBI the Economic Growth during the year 2010-11 will be at which of the following levels ?
(A) 6•5%
(B) 7%
(C) 7•5%
(D) 8%
(E) None of these
Ans : (D)
12. Which of the following is/are correct about the RBI’s credit policy announced in April 2010 ?
1. Repo rate raised by 25 bps.
2. A new reporting platform was introduced for secondary market transactions in Certificate of Deposits (CDs) and Commercial Papers (CPs).
3. Core Investment Companies (CICs) having an asset size of Rs. 100 crore are required to register also with the RBI.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)
13. As per the announcement made by the RBI some Stock Exchanges in India are allowed to introduce Plain Vanilla Currency Options. The term Plain Vanilla Currency Options is associated with which of the following activities / operations ?
(A) Dollar – Rupee Exchange Rate
(B) Floating of Commercial Papers
(C) Launch of new mutual funds
(D) Deciding the opening price of a share on a particular business day
(E) None of these
Ans : (A)
14. Which of the following is not a term related to banking/finance operations ?
(A) Provision Coverage Ratio
(B) Securitization
(C) Consolidation
(D) Commodification
(E) Derivatives
Ans : (C)
15. The process of “Artificial Application of Water to the soil usually for assisting in growing crops”, is technically known as—
(A) water harvesting
(B) irrigation
(C) water recharging
(D) percolation
(E) None of these
Ans : (B)
16. As per the news published in major news papers/journals henceforth the Credit Card holders will be able to access their credit card information though automated interactive voice response system over the phone instead of speaking to the staff. This decision ofthe banks/credit card companies will provide—
1. an additional hurdle to the customers as people feel comfortable in talking to the staff instead of talking to a machine.
2. an additional security to the customers as this does not allow any staff to handle any transaction directly.
3. some comfort to the banks as they will be able to reduce their staff strength.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) Only 1 and 3
Ans : (B)
17. The 34th National Game which were postponed several times are scheduled to be held in which of the following states ?
(A) Gujarat
(B) Kerala
(C) Tamil Nadu
(D) Uttar Pradesh
(E) Jharkhand
Ans : (E)
18. Waste Water generates which of the following gases which is more powerful and dangerous than CO2 ?
(A) Nitrogen
(B) Sulphur di-oxide
(C) Hydrogen
(D) Methane
(E) None of these
Ans : (D)
19. Which of the following days was observed as World Water Day 2010 ?
(A) 20th June
(B) 22nd July
(C) 22nd March
(D) 20th May
(E) None of these
Ans : (C)
20. Late Vinda Karandikar who died a few months back was a famous—
(A) Author
(B) Cine-Actor
(C) Sportsman
(D) Classical Singer
(E) Social Worker
Ans : (A)
21. As per the reports published recently the Govt. of India has decided to create a separate agency/body scrutinize all Foreign Direct Investments (FDIs) officially. Up till now the security screening was being done by the—
(A) Ministry of Foreign Affairs Govt. of India
(B) Reserve Bank of India
(C) Securities & Exchange Board of India
(D) Ministry of Finance, Govt. of India
(E) Ministry of Home Affairs Govt. of India
Ans : (E)
22. As per the news reports in various news papers the USA has outlined some major policy goals to prevent the danger of nuclear terrorism. Which of the following is/are included in those policy goals ?
1. Convene a nuclear security summit within a year’s time under the leadership of the USA.
2. A new agreement/pact should be introduced in place of present Nuclear Non Proliferation Treaty (NPT).
3. Call for a global effort to secure all nuclear weapons at all vulnerable sites all over the world.
(A) Only 1
(B) Only 2
(C) Only 1 and 3
(D) Only 2 and 3
(E) All 1, 2 and 3
Ans : (E)
23. ‘Indira Gandhi Canal’ which is around 450 km long provide irrigation facility mainly to which of the following states ?
(A) Punjab
(B) Haryana
(C) Madhya Pradesh
(D) Gujarat
(E) Rajasthan
Ans : (E)
24. Former caption of the Indian Cricket team, Ajit Wadekar is conferred which of the following awards for the year 2010 ?
(A) Bharat Ratna
(B) Khel Shri Award
(C) Dronacharya Award
(D) Rajiv Gandhi Khel Ratna Award
(E) None of these
Ans : (E)
25. Who amongst the following is the director of the popular Hindi film “Oye Lucky ! Lucky Oye” ?
(A) Mani Ratnam
(B) David Dhavan
(C) Dibankar Banerjee
(D) R. Balakrishnan
(E) None of these
Ans : (C)
26. India recently signed an agreement to import Liquified Natural Gas (LNG) from a country which is the largest LNG producer and supplier of the world. Which is that country ?
(A) Kuwait
(B) Qatar
(C) Iran
(D) Saudi Arabia
(E) None of these
Ans : (B)
27. As a measure to help countries hit by global financial meltdown the RBI has purchased notes worth US $ 10 billion in terms of Special Drawing Rights from a World Organisation/agency. Which is this agency/organization ?
(A) Federal Reserve of U.S.A.
(B) Asian Development Bank
(C) World Bank
(D) International Monetary Fund
(E) None of these
Ans : (D)
28. Which of the following is not a public sector undertaking under the Ministry of Defence, Govt. of India ?
(A) Mazagaon Dock Ltd.
(B) Garden Reach Shipbuilders and Engineers Ltd.
(C) Bharat Heavy Electricals Ltd.
(D) Hindustan Aeronautics Ltd.
(E) Bharat Earth Movers Ltd.
Ans : (C)
29. Which of the following states won the senior National Women’s Football Tournament 2010 ?
(A) Manipur
(B) Assam
(C) Tamil Nadu
(D) Kerala
(E) Delhi
Ans : (A)
30. Which of the following is not a missile developed by the Defence Research and Development Organisation (DRDO) ?
(A) Shaurya
(B) Pinaka
(C) Brahmos
(D) Agni
(E) Nag
Ans : (A)
31. Which of the following declarations/treaties was adopted by the BRIC countries recently to promote Global Food Security ?
(A) Moscow Declaration
(B) Doha Treaty
(C) Delhi Declaration
(D) Kabul Treaty
(E) None of these
Ans : (A)
32. Which of the following statements represent(s) the main objective(s) of the revised National Health Policy–2002 of the Govt. of India ?
1. Increase Public expenditure from 0•9 per cent to 2 per cent of the GDP.
2. Setting up of Medical Grants Commission for funding new Govt. Medical & Dental colleges.
3. Mandatory two years rural posting before awarding the degree to Medical Graduates.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)
33. Which of the following metals is used for genration of nuclear Energy by most of the Nuclear Power Plants ?
(A) Zinc
(B) Platinum
(C) Uranium
(D) Nickel
(E) None of these
Ans : (C)
34. Indus Water Treaty is a pact on sharing of river water between India and—
(A) Bangladesh
(B) Pakistan
(C) Nepal
(D) Afghanistan
(E) Myanmar
Ans : (B)
35. The Union Cabinet recently cleared Prohibition of unfair Practices in Technical Medical Educational Institutes and Universities Bill 2010. As per the bill which of the following will now be treated as a cognizable offence ?
(A) Accepting capitation fee from the students
(B) Running a private college
(C) Not allowing students to change their course in between
(D) Running a college without proper facilities
(E) None of these
Ans : (A)
36. Which of the following is/are considered a Renewable Source of Energy ?
1. Wind Energy
2. Solar Energy
3. Nuclear Energy
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (D)
37. Which of the following countries is not amongst the top ten in industrial production in the world during 2010 ?
(A) India
(B) Iran
(C) China
(D) France
(E) U.S.A.
Ans : (B)
38. Commonwealth Games 2010 are being organized in which of the following countries ?
(A) Australia
(B) South Africa
(C) Canada
(D) New Zealand
(E) India
Ans : (E)
39. Which of the following is not a banking related term ?
(A) Radiation
(B) Outstanding amount
(C) Benchmark Prime Lending Rate
(D) Explicit Guarantee
(E) Creditor
Ans : (A)
40. Insurance service provided by various banks is commonly known as—
(A) Investment Banking
(B) Portfolio Management
(C) Merchant Banking
(D) Bancassurance
(E) Micro Finance
Ans : (D)
41. Who amongst the following has recently taken over as the Chairman of the 19th Law Commission ?
(A) Mr. A. R. Lakshmanan
(B) Mr. P. V. Reddy
(C) Mr. Yashwant Sinha
(D) Mr. Ranjan Bharti Mittal
(E) None of these
Ans : (B)
42. Moortidevi Award is given for excellence in the field of—
(A) Classical dance
(B) Literature
(C) Classical music
(D) Cinematography
(E) Social service
Ans : (B)
43. Which of the following terms is used in the game of Cricket ?
(A) Love
(B) Tee
(C) Penalty stroke
(D) No Ball
(E) None of these
Ans : (D)
44. Which of the following awards is given by an agency of the United Nations Organization ?
(A) Normon Borloug Award
(B) Kalinga Prize
(C) Ramon Magsaysay Award
(D) Pulitzer Prize
(E) None of these
Ans : (B)
45. Which of the following countries won the Hockey World Cup 2010 ?
(A) Spain
(B) England
(C) India
(D) Australia
(E) None of these
Ans : (D)
46. Who amongst the following is the author of the English novel ‘solo’, which was given Common Wealth Writers’ Prize 2010 ?
(A) Aamer Hussain
(B) Jonathan Tel
(C) Rana Dasgupta
(D) John Torrence Tate
(E) None of these
Ans : (C)
47. Mr. Surjit Patar who was awarded Saraswati Samman recently is a well known poet of—
(A) Hindi
(B) English
(C) Punjabi
(D) Urdu
(E) Bengali
Ans : (C)
48. Which of the following is the book written by Kiran Desai ?
(A) Higher than Everest
(B) A Passage to England
(C) Affluent Society
(D) All my Yester Years
(E) The Inheritance of Loss
Ans : (E)
49. Which of the following Trophies/cups is associated with the game of Hockey ?
(A) Durand Cup
(B) Santosh Trophy
(C) Rangaswami Cup
(D) Ranji Trophy
(E) K. D. Singh Babu Trophy
Ans : (C)
50. Sandra Bullock who was awarded Oscar recently is a famous—
(A) Actress
(B) Director
(C) Music Composer
(D) Screen play writer
(E) None of these
Ans : (A)