IBPS CLERKS CWE GENERAL AWARENESS MCQs

1) This agency issued guidelines on distance marketing of products on 6 April 2011 to protect the interest of people who buy policies over phone or Internet. Identify the agency.
a. SEBI
b. IRDA
c. TRAI
d. DoT
2) In India’s first sale of rupee perpetual bonds by a non-finance company Rs 1500 crore ($332 million) was raised. Name the non-finance company.
a. Tata Steel
b. Pantallons Retail
c. RIL
d. Maruti Suzuki
3) Which of the following Indian cricket players took the highest number of wickets in the recently concluded ICC World Cup 2011 along with Pakistan’s Shahid Afridi?
a. Yuvraj Singh
b. Zaheer Khan
c. Munaf Patel
d. Harbhajan Singh
4) Union Sports Ministry on 6 April 2011 formed a committee to fine-tune the draft National Sports Development Bill. Who is heading the committee?
a. Justice Mukul Mudgal
b. Justice Tej Pratap Singh Mann
c. Justice Gurdev Singh
d. Justice Jaswant Singh Phogat
5) Name the cricketer who beat Michael Clarke by a comfortable 15-vote margin to bag the Allan Border Medal besides being named Australia’s ODI Player of the Year in Feb 2010?
a. Shane Watson
b. Simon Katich
c. Mitchell Johnson
d. Sachin Tendulkar
6) Record food grain production helped to reduce food inflation to a four month low for the week ending 26 March 2011. What was the inflation percentage for the week?
a. 9.18%
b. 9.25%
c. 9.21%
d. 9.36%
7) Praveen Kumar Tripathi took over as the Chief Secretary of which of the following governments on 4 April 2011?
a. Delhi Government
b. Haryana Government
c. Uttar Pradesh Government
d. Uttarakhand Government
8) The Union Government gifted a Kendriya Vidyalaya to a nondescript village Indrapura to which of the following Indian states?
a. Bihar
b. Odisha
c. Rajasthan
d. Madhya Pradesh
9) The Supreme Court on 5 April 2011 passed an order to lift iron export ban imposed by which of the following Indian states on 26 July 2010 and also ordered it to implement the new rules for regulating iron ore mining and transportation?
a. Tamil Nadu
b. Andhra Pradesh
c. Karnataka
d. Odisha
10) To enhance credit worthiness of economically weaker sections and LIG households, a Mortgage Risk Guarantee Fund was announced to be created under which of the following scheme or Yojana?
a. Rajiv Awas Yojana
b. Rajiv Gandhi Grameen Vidyutikaran Yojana
c. Indira Awas Yojana
d. Mahatama Gandhi NREGA
11) Which agency issued guidelines on distance marketing of products on 6 April 2011 to protect the interest of people who buy policies over phone or Internet?
a. SEBI
b. IRDA
c. TRAI
d. DoT
12) Buyer's Credit was launched by the Commerce and Industry Minister, Anand Sharma, on 6 April 2011 to boost project exports from India. Under which of the following was Buyer’s Credit launched?
a. National Export Insurance Account
b. Export-Import Bank of India
c. Export Credit Guarantee Corporation of India
d. Reserve Bank of India
13) Read the two statements mentioned with regard to the budgetary allocations for addressing environmental concerns.
1. The budget proposed that the solar lantern used in far-flung villages will attract no duty from 10 per cent charged earlier.
2. To provide green and clean transportation for the masses, National Mission for Hybrid and Electric Vehicles will be launched in the year 2011 in collaboration with all stakeholders. Which of them is true?
a. Only 1
b. Only 2
c. Both 1 & 2
d. None of the above
14) 21 year old Marjan Kalhor is the first Iranian woman to have entered an Olympic event. She is a participant in the 2010 Winter Olympics that began in Vancouver on 12 Feb 2010. Which sport is she associated with?
a. Ski
b. Shot put
c. Cycling
d. Bobsleigh
15) With his victory in the men’s large hill ski jump on 20 Feb 2010 at the Vancouver Olympics, he became the first person to win four individual gold ski jumping medals. Name this sportsperson.
a. Simon Ammann (Switzerland)
b. Ahonen Janne (Finland)
c. Alexander Nicholas (USA)
d. Bardal Anders (Norway)
16) The Indian Government in April 2011 issued a notice to which of the following companies to terminate licences for Kerala, West Bengal and Assam for delay in roll- out of services in these three circles?
a. Sistema Shyam Teleservices
b. Tata Teleservices
c. Reliance
d. BSNL
17) Which Italian luxury sports car makers on 6 April 2011 announced its entry into the Indian market where it will sell its high-performance cars priced between Rs1.20 crore and Rs1.43 crore?
a. Maserati
b. Bentley
c. Aston Martin
d. Maybach
18) Who did HDFC Bank, the country's second-largest private sector lender appoint in March 2011 to head its investment banking division?
a. Rakesh Singh
b. Charul Madan
c. Gaurav Khungar
d. Atul Singh
19) Gangaur, a festival which marks the union of Lord Shiva and his consort, Goddess Parvati is celebrated for 18 days from the day after Holi in which of the following Indian states?
a. Rajasthan
b. Karnataka
c. Tamil Nadu
d. Uttaranchal
20) Read the following statements with regard to the allocation in the Educational sector as proposed by Union Budget 2011-12.
1. For Sarva Siksha Abhiyan the allocation was increased by 40 percent to 21000 crore rupees.
2. All institutions of higher learning will be connected through optical fibers by March 2012.
3. 500 crore rupees was proposed to be provided for national skill development fund.
4. For the needy scheduled castes ad scheduled tribe candidates studying in class-IX and Xth pre-matric scholarship scheme was proposed to be introduced. Which of the above mentioned statements is not true?
a. 1
b. 2
c. 3 & 4
d. 4
21) Scientists recently developed a computer that could be controlled by the power of thought. It would help people unable to speak or move. What is the name of the technology which they used to develop this kind of computer?
a. electrocortiography
b. symbian C++
c. java
d. flash lite
22) Which of the following companies bought the Pringles brand from Procter & Gamble Co for $1.5 billion?
a. Diamond Foods Inc
b. PepsiCo's Frito-Lay
c. Emerald Nuts
d. Kettle Potato Chips
23) Online marketplace eBay India, in association with leading apparel brand Reebok auctioned a bat autographed by Indian cricketer Mahendra Singh Dhoni. The proceeds of the auction will go to which of the following NGOs?
a. Oxfem
b. CRY
c. All Bengal Women’s Union
d. UNEM
24) Which Indian hockey player was in April 2011 named captain of the Indian Hockey team the upcoming Sultan Azlan Shah Cup scheduled to be played in Malaysia from 5-15 May 2011?
a. Arjun Halappa
b. Rajpal Singh
c. Bharat Kumar Chetri
d. Mohd. Amir Khan
25) Under the Godfrey Phillips Zonal Bravery Awards given away by the former ruler of Jodhpur, Gaj Singh in Jaipur on 5 April 2011, which of the following NGOs was honoured with the Amodhini Award of Rs.1 lakh?
a. Udyogini
b. Charities Aid Foundation
c. CRY
d. Akhil Bharatiya Vanavasi Kalyan Ashram
26) The Basic Customs Duty exemption was proposed to be extended to which of the following sectors?
a. art and antiquities for exhibition or display in private art galleries
b. Cinematographic film, factory-built ambulances
c. syringes and needles
d. agricultural machinery
27) A massive Tsunami caused by a devastating earthquake of the 8.9 magnitude hit about 400 km north-east of Tokyo, capital of Japan. Where is the Pacific Tsunami Warning System headquartered? 
a. Hawai
b. Tokyo
c. Manila
d. Jakarta
28) Which of the following companies announced on 6 April 2011 that it won contract to provide broadband internet connectivity to Indian Railways through state-run RailTel Corp of India Ltd?
a. DEL
b. IBM
c. Infosys
d. HCL Infosystems
29) Which super luxury carmaker on 7 April 2011 unveiled Continental GT sedan in India?
a. Ferrati
b. Bentley
c. Maybach
d. Maserati
30) What amount of money was allocated for Bharat Nirman?
a. 1000 crore
b. 58000 crore
c. 55438 crore
d. 14362 crore
31) Who defeated Tamarine Tanasugarn on 15 Feb 2010 to retain the Pattaya Open title?
a. Vera Zvonareva of Russia
b. Sabine Lisicki of Germany,
c. Ayumi Morita of Japan
d. Kimiko Date Krumm of Japan
32) A massive Tsunami caused by a devastating earthquake of the 8.9 magnitude hit about 400 km north-east of Tokyo, capital of japan. What are the possible factors which can cause Tsunami?
i)An Earthquake
ii) A landslide
iii) A volcanic eruption or explosion
iv) Impact by a meteorite
Please choose the right option
a. i, ii, iii and iv
b. i and ii only
c. ii and iii only
d. i and iv only
33) Which of the following Indian cricket is the most heavily insured player for the forthcoming Indian Premier League (IPL) 4 T-20 tournament which begins on 8 April 2011?
a. Sachin Tendulkar
b. Yuvraj Singh
c. M S Dhoni
d. Virender Sehwag
34) The Union Budget for 2011-12 proposed lowering of qualifying age for tax relief for senior citizens from 65 years to _?
a. 55
b. 58
c. 60
d. 62
35) Finance Minister Pranab Mukherjee proposed to increase the Income Tax Exemption Limit for individual tax payers from 1 lakh 60 to _?
a. 1 lakh 80 thousand
b. 1 lakh 90 thousand
c. 2 lakh
d. 2 lakh 20 thousand
36) Noted Social worker Anna Hazare on 5 April 2011 started his hunger strike  at Jantar Mantar in New Delhi to protest against the reported delay in bringing in which of the following bills to effectively deal with corruption?
a. Lokpal Bill
b. The Competition (Amendment) Bill
c. The Airports Economic Regulatory Authority of India Bill
d. The Appropriation (No.3 ) Bill
37) Who became the world number one badminton player?
a. Saina Nehwal
b. Wang Xin
c. Sania Mirza
d. Wang Shixian
38) When is the National Youth Day observed?
a. January 14
b. February 14
c. August 31
d. January 12
39) What is Tejas?
a. Spacecraft
b. Missile
c. Submarine
d. Light combat aircraft
40) Who is the Chairperson of the Central Board Film Certification?
a. Sharmila Tagore
b. Karan Johar
c. Nafisa Ali
d. Om Puri
e. None of these
41) Ali Akbar Salehi is the foreign minister of
a. Israel
b. Iran
c. Afghanistan
d. Indonesia
42) Who is the new chief of Research and Analysis Wing (RAW)?
a. AP Singh
b. Arun Shourie
c. Sanjeev Tripathi
d. BK Gupta
43) According to an extensive genetic study on modern humans, two conclusions were drawn out.
i) There is an enormous amount of diversity in the African hunter-gatherer populations.
ii) The genetic diversity among 27 present-day African populations originated in southern Africa and progressed to northern Africa.
Which of the above statements is/are correct?
a. Both i and ii
b. Neither I and ii
c. Only i
d. Only ii
44) Which one of the following Indian states recently released a Braille version of the RTI (Right to Information) Act and its rules for the benefit of visually challenged?
a. Gujarat
b. Bihar
c. Haryana
d. Madhya Pradesh
45) Roger Federer won his fourth Australian Open Tennis Championship and 16th Grand Slam on 31 Jan 2010. Who did he defeat in the final of the Australian Open 2010?
a. Rafael Nadal
b. Andy Murray
c. Fred Perry
d. Rod Laver
46) Which of the following Bollywood Actress won the Best Actress trophy at the 13th London Asian Film Festival for her performance in Onir’s I AM?
a. Nandita Das
b. Juhi Chawla
c. Tabu
d. Konkona Sen Sharma
47) In tiger census 2010, 
i) Pugmarks were used as the only indicator of tiger numbers.
ii) An advanced Scientific process was adopted which included video trapping and use of satellite data. Which of the above statements is/are incorrect?
Choose the right option:
a. Only i is incorrect
b. Only ii is incorrect
c. Both i and ii are incorrect
d. Both i and ii are not incorrect
48) India defeated Pakistan by 29 runs in the semi finals of the ICC World Cup 2011 played at Mohali. Who was declared man of the match of the high powered game?
a. Saeed Ajmal
b. Sachin Tendulkar
c. Munaf Patel
d. Wahab Riaz
49) Which of the following bodies put off indefinitely the new rules governing unwanted telemarketing calls which were supposed to be implemented from 21 March 2011?
a. Department of Telecommunication (DoT)
b. Telecom Regulatory Authority of India (TRAI)
c. Indian Ministry of communication & Technology
d. HRD Ministry
50) The Indian government in March 2011 conferred the Miniratna status on which of the following PSUs?
a. National Small Industries Corporation (NSIC)
b. Air India Charters Ltd
c. Cement Corporation of India
d. HMT Machine Tools Ltd

Answers: 

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

GENERAL AWARENESS MCQs

1. In the absence of both the President and the Vice-President, who shall act as the President of India?
(a)Prime Minister
(b)Speaker of the Lok Sabha
(c)Chief Justice of India
(d)Deputy Chairman of Rajya Sabha
ANS (c)

2. Who among the following advocated Scientific Socialism?
(a) Robert
(b)Proudhon Pierre Joseph
(c)Karl Marx
(d)Saint Simon Henri Claude
ANS (c)

3. During the Mughal period, which one of the following trades were the first to come to India?
(a) Portuguese
(b) Dutch
(c) Danish
(d) English
ANS (a)

4. Among the following States, which one sends the highest number of members to the Lok Sabha?
(a) Andhra Pradesh
(b) Bihar
(c) Karnataka
(d) Madhya Pradesh
ANS (ca)

5. With reference to the Indian Parliament, consider the following statements :
1. A member of the Lok Sabha cannot be arrested by the police under any case when the Parliament is in session.
2. Members of the Indian Parliament have the privilege of exemption from attendance as witnesses in the law courts.
Which of these statement is/are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
ANS (b)

6. Who among the following was appointed by Ashoka to administer justice in his empire?
(a) Shramana
(b) Uparika
(c) Rajuka
(d) Kumaramaya
ANS (c)

7. Consider the following statement :
1. Jainism in ancient India condemned the varna system.
2. Jain religious literature was written in Ardhamgadhi.
3. Mahavira admitted women into the order of his follows.
Which if these statement is/are correct ?
(a) G. G. Agarkar
(b) M. G. Ranade
(c) R. G. Bhandarkar
(d) G. H. Deshmukh
ANS (b)

8. Who among the following was the author of Rajtarangini, commonly regarded as the first genuine history of India written by an Indian?
(a) Banbhatta
(b) Ravikirti
(c) Pushpananda
(d) Kalhana
ANS (d)

9. Who among the following was the first economist to hold the office of Secretary, Department of Economic Affairs in the Union Finance Ministry?
(a) Dr. I.G. Patel
(b) Dr. Manmohan Singh
(c) Rakesh Mohan
(d) Dr. M.S. Ahluwalia
ANS (a)

10.What does the abbreviation ATR stand for?
(a) Action Taken Result
(b) Actually True Report
(c) Action Taken Report
(d) Action Taken Rejoinder
ANS (c)

11. Which of the following cities will host 2012 Olympics Games?
(a) Paris
(b) New York
(c) London
(d) Madrid
ANS (c)

12. Why among the following was the founder of the Nyay Darshan, on of the six, major schools of ancient Indian philosophy?
(a) Patanjali
(b) Panini
(c) Kapil
(d) Gautam
ANS (d)

13. Which of the following companies has started a rural marketing network called "e-chaupal"?
(a) ITC
(b)Dabur
(c) Hindustan Lever
(d) Procter & Gamble
ANS (a)

14. Th e decision to from the Indian National Army (Azad Hind Fauj) was taken at :
(a) Rangoon
(b) Bangkok
(c) Kuala Lumpur
(d) Tokyo
ANS (d)

15. Th e decision to from the Indian National Army (Azad Hind Fauj) was taken at :
(a) Rangoon
(b) Bangkok
(c) Kuala Lumpur
(d) Tokyo
ANS (d)

16. Give the correct chronological sequence of the following :
1. Russian Revolution
2. American War of Independence
3. Spanish Revolution
4. The French Revolution
(a) 1 2 4 3
(b) 2 4 3 1
(c) 2 1 4 3
(d) 4 2 3 1
ANS (b)

17. Which of the following States has the highest female literacy rate, according to 2001 Census?
(a) Mizoram
(b) Kerala
(c) Tamil Nadu
(d) Meghalaya
ANS (b)

18. Who among the following has been choosen the FDI Personality of the Year 2007 in Asia?
(a) P. Chidambaram
(b) Kamal Nath
(c) Ratish Nayaar
(d) Kaushik Rai
ANS (b)

19. At which of the following places India's fist Net Route Server has been set up?
(a) Mumbai
(b) Noida
(c) Chennai
(d) Hyderabad
ANS (c)

20. Which of the following Fortune 500 Indian companies has suffered loss for the first time in the first quarter of 2005-06? (a) Indian Oil Corporation
(b) ONGC
(c) Reliance Industries
(d) Bharat Petroleum Corporation
ANS (a)

21. Answers Correct Answer User Answer
(a) V.K. Duggal
(b) Jairam Ramesh
(c) Dr. I.G. Patel
(d) Jagmohan
ANS (d)

22. Which one of the following is not a land-locked country?
(a) Afghanistan
(b ) Nepal
(c) Bhutan
(d) Thailand
ANS (d)

23. Who invented polio vaccine (oral)?
(a) Albert Sabin
(b) Burkholder
(c) Luise Pasture
(d) Jonas Salk
ANS (a)

24. Which one of the following processes is not related with chemical weathering?
(a) Exfoliation
(b) Carbonation
(c) Hydration
(d) Oxidation
ANS (a)

25. Mist is caused by :
(a) Dry ice
(b) Ice at low temperature
(c) Water vapours at low temperature
(d) Carbon-monoxide in solid form
ANS (c)

GENERAL AWARENESS MCQs

1. Nav Krishi is a programme by—
(1) Door Darshan
(2) All India Radio
(3) NIC
(4) ICRISAT
(5) MANAGE

2. One Acre is equal to…………..hectare.
(1) 0.0541
(2) 0.8032
(3) 0.1082
(4) 0.2514
(5) 0.4047

3. SRI technology is practiced for the cultivation of—
(1) Fruits
(2) Vegetables
(3) Flowers
(4) Rice
(5) Wheat

4. If the soil pH 9.2, then the soil is—
(1) Acidic
(2) Neutral
(3) Alkaline
(4) Saline
(5) Sodic

5. …………..is used for the reclamation of acidic soil—
(1) Lime
(2) Gypsum
(3) Sulphur
(4) Calcium Chloride
(5) Ferrous Sulphate

6. 2008 is declared as International Year of—
(1) Rice
(2) Wheat
(3) Sugarcane
(4) Potato
(5) Apple

7. Golden revolution refers to the development of—
(1) Oilseeds
(2) Pulses
(3) Horticulture
(4) Cereals
(5) Fodder

8. The most important rabi pulse crop in India is—
(1) Chickpea
(2) Soyabean
(3) Pigeon pea
(4) Green gram
(5) Black gram

9. RFLP (Restriction Fragment Length Polymorphism) is—
(1) Growth promoter
(2) Molecular marker
(3) Growth retardent
(4) Herbicide
(5) Germicide

10. National Commission on Farmers was chaired by—
(1) Sri Som Pal
(2) Sri Y.C. Nanda
(3) Dr C. Rangarajan
(4) Dr M.S. Swaminathan
(5) Sri Sharad Pawar

11. Global Positioning Systems are useful for—
(1) Determining precise location (latitude and longitude) based on radio signal
(2) Determining precise distance based on radio signal
(3) Determining general pest system
(4) Determining disease forecast
(5) Determining area of farm

12. Commission for Agricultural Costs and Prices (CACP) recommends—
(1) Comfort Price
(2) State Advised Price
(3) Minimum Support Price
(4) Minimum Export Price
(5) Statutory Minimum Price

13. NPV (Nuclear Polyhedrosis Virus) is—
(1) Pest
(2) Pathogen
(3) Bio pesticide
(4) Bio fungicide
(5) Bio control agent

14. National Agricultural Cooperative Marketing Federation is known as—
(1) NIAM
(2) NAFED
(3) MARKFED
(4) NACMF
(5) NACOM

15. Which insect is known as farmers' enemy No.1?
(1) Bollworm
(2) Desert locust
(3) Aphids
(4) Stem borer
(5) Fruit fly

16. Indian Institute of Forest management is located at—
(1) Chennai
(2) Bhopal
(3) Hissar
(4) Dehradun
(5) Imphal

17. In India forests account for about …………..of land surface.
(1) 11%
(2) 22%
(3) 33%
(4) 14%
(5) 25%

18. VAM is an alternative to inorganic fertilizer. VAM is—
(1) Azospirillum
(2) Mycorrhiza
(3) Phosphate solubilising bacteria
(4) Nitrogen fixing bacteria
(5) Azotobacter

19. An example of Single Cell Protein is—
(1) agar agar
(2) spirulina
(3) rhizobium
(4) acetobacter
(5) salmonella

20. Major producer of mulberry silk in India—
(1) Karnataka
(2) Jammu and Kashmir
(3) Jharkhand
(4) Assam
(5) Himachal Pradesh

21. Bird flu affects—
(1) Cattle
(2) Poultry
(3) Sheep
(4) Prawn
(5) Silkworm

22. Minor irrigation scheme comprises several types of works with capacities to irrigate upto—
(1) 2000 acre
(2) 2000 ha
(3) 1000 ha
(4) 1000 acre
(5) 2500 ha

23. Ideal NPK ratio for Indian soils is—
(1) 8 : 4 : 2
(2) 4 : 2 : 1
(3) 9 : 5 : 3
(4) 2 : 1 : 0.5
(5) 10 : 4 : 2

24. Which of the following is a bio diesel plant?
(1) Jatropha
(2) Rose
(3) Pepper
(4) Noni
(5) Teak

25. National Research Centre on Plant Biotechnology is situated at—
(1) Nagpur
(2) New Delhi
(3) Mumbai
(4) Kolkata
(5) Chennai

Answers :
1. (1) 2. (5) 3. (4) 4. (3) 5. (1) 6. (4) 7. (3)8. (1) 9. (2) 10. (4)
11. (1) 12. (3) 13. (3) 14. (2) 15. (3) 16. (4) 17. (2) 18. (2) 19. (2) 20. (1)
21. (2) 22. (3) 23. (2) 24. (1) 25. (2)

GURGAON GRAMIN BANK PO EXAM 2010 SOLVED PAPER

GENERAL AWARENESS


1. Which of the following is a programme to provide electric connections to those living below poverty line ?
(A) MPLADS
(B) Kutir Jyoti
(C) Ganga Kalyan Yojana
(D) Sangam Yojana
(E) None of these
Ans : (B)


2. As per the guidelines issued by the SEBI the Permanent Account Number (PAN) is a must for which of the following ?
(A) Demat Accounts
(B) All Saving Banks Accounts
(C) All Housing Loan Accounts
(D) All Current Accounts
(E) None of these
Ans : (A)


3. For getting National Old Age Pension the age of the person should not be less than—
(A) 50 years
(B) 55 years
(C) 58 years
(D) 60 years
(E) 65 years
Ans : (E)


4. Many a times we read about the priority sector in newspapers. Which of the following is/are considered segment(s) of Priority Sector in India ?
1. Agriculture
2. Small Scale Industry
3. Textile Industry
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)


5. The average size of holdings in India is about 2 hectares or 5 acres. What problems do farmers normally face due to this ?
1. Proper irrigation facilities are not possible for these farms.
2. Scientific and advanced techniques are very expensive for these farms.
3. It does not pose a problem for them. These farms are ideal in size. Hence all sorts of advanced methods can easily be used for them.
(A) Only 1
(B) Only 2 is correct
(C) Only 3 is correct
(D) Both 1 and 2 are correct
(E) None is correct
Ans : (B)


6. Which of the following is considered a technological factor in the productivity of agricultural land ?
(A) Inadequate irrigation facilities
(B) Size of holding
(C) Pattern of Land Tenure
(D) Type of marketing facilities in the area
(E) All the above
Ans : (A)


7. Many times we read a term ‘Free Market’ in newspapers. What does it mean ?
[Pick up the correct statement(s)]
1. It is a market where pricing is driven by the laws of supply and demand.
2. In free market things are available without restraints of the government
3. In such markets goods are free from extraneous influences such as tariff or quotas.
(A) Only 1
(B) Only 2
(C) Only 3
(D) 1 and 2 both
(E) 1, 2 and 3 all
Ans : (E)


8. Earlier it was thought safe to allow each financial institution to carry out only one type of financial service. But now banks are selling shares, insurance companies can sell banking services.
These new financial conglomerates are colloquially referred to as—
(A) Multinationals
(B) Financial supermarkets
(C) Market regulators
(D) Brand Promoters
(E) None of these
Ans : (B)


9. Marketing of agro products and also of the cottage industry is most important for economic development. Which of the following should be the major consideration for the marketing of rural products ?
(A) Proper storing facility only
(B) Proper holding capacity only
(C) Adequate and cheap transport facility only
(D) Small number of intermediaries only
(E) All the above are needed
Ans : (E)


10. Many people travel to different parts of India to work as agricultural labour as the wages given to them are different in different parts. Which of the following is/are determining factor(s) in deciding the structure of agricultural wages in India ?
1. Land to Labour ratio i.e. The number of people employed on a land holding of a particular size.
2. Nature of crop sown on the land. Food crops do not attract good wages whereas commercial crops do.
3. Nature of the area as a high productivity area will have higher wages and vice-versa.
(A) Both 1 and 2
(B) Both 1 and 3
(C) Only 2
(D) All 1, 2 and 3
(E) None of these
Ans : (D)


11. The structure of the financial system in India can be divided into many segments. Which of the following is not one of these segments ?
(A) Industrial Finance
(B) Agriculture Finance
(C) Developmental Finance
(D) Government Finance
(E) Personal Finance
Ans : (E)


12. Which of the following statements about the changes in cropping patterns is/are correct ?
1. The Govt. of India can influence crop pattern through legislative and administrative measures.
2. The Cropping pattern normally depends upon the climatic conditions of the area.
3. As 80% of the agro products are being exported from India the cropping pattern depends upon the WTO stipulations in the field.
(A) Only 1
(B) Only 2
(C) Both 1 and 2 are correct
(D) Only 2 and 3 are correct
(E) All 1, 2 and 3 are correct
Ans : (E)


13. The Head of the Hindu Undivided Family (HUF) is called—
(A) Swami
(B) Karta
(C) Bharta
(D) Agraj
(E) Jyeshthi
Ans : (B)


14. The Banking Industry and financial sector in India has come a long way in the past few years. Which of the following were the major drawbacks of the banks in India, inherited from the British Raj owing to which the Govt. of India decided to nationalize them in 1969 and put them through a series of reforms again ?
1. Interlocking of directorship of big business houses.
2. Paucity of credit to socially and economically important sectors of the economy.
3. Shortage of trained manpower to handle the major task of economic development.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1, 2 and 3
Ans : (D)


15. A national policy to provide rural credit was launched by the Govt. of India in general and by RBI and NABARD in particular. Which of the following cannot be considered as one of the objectives of this National Policy ?
1. To ensure timely and increased flow of credit to the rural sector.
2. To make available credit facilities to every region of the country so that there are no regional imbalances.
3. To establish a well organized network of informal/non institutional credit system in the country.
(A) Only 1
(B) Both 1 and 2
(C) Only 3
(D) Both 1 and 3
(E) All 1, 2 and 3
Ans : (C)


16. Under Bharat Nirman Programme of the Govt. of India action is proposed in various areas. Which of the following is not one of these areas ?
(A) Irrigation
(B) Rural Roads
(C) Rural Housing
(D) Rural Water Supply
(E) Rural Employment
Ans : (E)


17. Which of the following is the name of the legislation, which provides employment to the poors in remote areas of the country ?
(A) NREGA
(B) POTA
(C) FEMA
(D) COFEPOSA
(E) None of these
Ans : (A)


18. 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) 25 paise
(C) 50 paise
(D) 1•00 Rupee
(E) 5•00 Rupee
Ans : (A)


19. Many a times we come across a term ‘Know Your Customer’ in area of banking transactions. Which of the following is the main purpose of issuing Know Your Customer guidelines by the RBI ?
(A) To provide better customer service
(B) To keep a check on money laundering
(C) To bring more and more people in the Income Tax net
(D) To make high value transactions faster
(E) None of these
Ans : (B)


20. Which of the following is not correct about the various targets set for 11th Five Year Plan ?
(Whole plan period 2007-12).
(A) Farm sector growth to be increased to 8%
(B) GDP growth rate to be increased to 10%
(C) Create 7 Crore new jobs
(D) Literacy rate is to be increased to 80%
(E) Reduction in unemployment amongst the educated youth
Ans : (A)


21. Many a times we come across a term read as ‘GM’ in reference to certain crops. What is the full form of the term ‘GM’ ?
(A) Geographically Moderated
(B) Genetically Modified
(C) Globally Marketed
(D) Grown after Modifications
(E) None of these
Ans : (B)


22. Many a times we see a term in newspapers ‘IPO’. What is the full form of the same ?
(A) Indian Public Offer
(B) Institutional Purchase Offer
(C) Industrial Purchase Order
(D) Indian Purchase Offer
(E) Initial Public Offer
Ans : (E)


23. Which of the following is not the part of the Charter of the National Rural Health Mission (NRHM) ?
1. NRHM has to pay special attention to 18 States, which have weak Public Health Indicators.
2. Mission provides for appointment of Accredited Social Health Activist (ASHA) in each one of four metros so that these metros become free from Polio, Malaria, and HIV infections by 2010 ?
3. It aims at effective integration of Private Sector in health sector so that government burden can be reduced to the level of mere policy maker.
(A) Only 1
(B) Only 2
(C) Both 2 and 3
(D) Only 3
(E) Both 1 and 3
Ans : (C)


24. Who amongst the following had said ‘small aim is crime’ ?
(A) Jawaharlal Nehru
(B) Lal Bahadur Shastri
(C) Smt. Indira Gandhi
(D) Dr. A. P. J. Kalam
(E) Dr. Manmohan Singh
Ans : (D)


25. The rate on which banks lend to RBI is known as—
(A) CRR
(B) PLR
(C) Bank Rate
(D) REPO Rate
(E) SLR
Ans : (A)


26. Which of the following name is not associated with the insurance business in India ?
(A) Bajaj Allianz
(B) LIC
(C) GIC
(D) Tata AIG
(E) GE Money
Ans : (E)


27. 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)


28. 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)


29. 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 Chair person
(C) Speaker of the Lok Sabha
(D) Prime Minister of India
(E) None of these
Ans : (D)


30. 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)


31. 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)


32. 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)


33. 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)


34. Twenty-20 matches are played in the game of—
(A) Hockey
(B) Football
(C) Badminton
(D) Tennis
(E) Cricket
Ans : (E)


35. 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)


36. In which of the following Hindi films actor Shahrukh Khan has 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)


37. 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)


38. Which of the following organizations/bank 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)


39. Which of the following is not a Public Sector Unit/Undertaking/ Agency ?
(A) ECGC
(B) SEBI
(C) SIDBI
(D) Axis Bank
(E) BHEL
Ans : (D)


40. 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)


41. 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)


42. Which of the following is not a foodgrain ?
(A) Wheat
(B) Rice
(C) Maize
(D) Jowar
(E) Cotton
Ans : (E)


43. 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)


44. 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)


45. 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)


46. 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)


47. 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)


48. 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)


49. 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)


50. 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 : (E)

SOCIO ECONOMIC DEVELOPMENTS PRACTICE QUESTIONS

1.The President of India appoints the Chairman and Members of the National Human Rights Commission on whose recommendations?
(A)Prime Minister of India
(B)Speaker of Lok Sabha
(C)Home Minister
(D)Deputy Chairman of Rajya Sabha
(E)All of the Above
Ans: (E) All of the Above

2.In which year India ratified International Covenant on Economic, Social and Cultural Rights ?
(A)1966
(B)1968
(C)1976
(D)1978
(E)1979
Ans: (E) 1979

3.In which of the following cities is located the technology center of Unique Identification Authority of India?
(A)Delhi
(B)Hyderabad
(C)Ranchi
(D)Hyderabad
(E)Bangalore
Ans: (E) Bangalore

4.The Council of Scientific and Industrial Research (CSIR) links 37 constituent laboratories with diverse research portfolios as varied as drug discovery to oceanography. Recently we read in the newspapers that CSIR’s latest imitative is launching of an Open Source Drug Discovery (OSDD) Programme. What is the main purpose of Open Source Drug Discovery (OSDD) Programme?
(A)To make India a hub of drug research and development
(B)To bring the scientists of the world under one roof
(C)To bring down the costs of the new drugs and make them affordable to all
(D)To make India self reliant in Drug production
(E)All of above
Ans: (C) To bring down the costs of the new drugs and make them affordable to all

5.On the recommendation of which of the following committees the National Bank for Agriculture and Rural Development (NABARD) has been releasing money of the Centers share of recapitalization assistance to the primary agriculture credit societies (PACS) in various states to introduce
cooperative reforms ?
(A)N R Narayanmurthy Committee
(B)Prof A. Vaidyanathan Committee
(C)K Madhav Das Committee
(D)R Gandhi Committee
(E)None of them
Ans: (B)Prof A. Vaidyanathan Committee

6.Express Remit is the brand name of a remittance facility by which of the following banks?
(A)State Bank of India
(B)Punjab National Bank
(C)Bank of Baroda
(D)ICICI Bank
(E)HDFC Bank
Ans: (A) State Bank of India

7.Which among the following is the most important source region of NRI remittances to India ?
(A)North America
(B)Europe
(C)Middle East
(D)Asia Pacific
(E)South America
Ans: (A) North America

8.As per the guidelines issued by Department of Industrial Policy and Promotion (DIPP) in February 2009, any company with more than what fraction of foreign equity should be considered as a foreign company?
(A)51%
(B)59%
(C)61%
(D)71%
(E)75%
Ans: (A) 51%

9.To achieve 100% financial Inclusion in India, Reserve Bank of India had had issued a circular in July 2009 permitting cash withdrawals of up to Rs 1,000 per day from PoS (Point of sale) terminals at merchant establishments. Recently which of the following bank has become first Bank of India to offer this facility?
(A)State Bank of India
(B)Punjab National Bank
(C)Bank of India
(D)Union Bank of India
(E)UCO Bank
Ans: (D) Union Bank of India

10.Which among the following sector of Indian Economy is maximum dependent on economic developments in advanced nations?
(A)Manufacturing Sector
(B)Agricultural Sector
(C)Mining Sector
(D)Textile Sector
(E)Services Sector
Ans: (E) Services Sector

11.Many a times we read in the newspapers that Government of India is promoting private investment in the country through PPP mode that is Public private partnership. What is the target of the private sector investment in the country by 2012 ?
(A)$ 150 Billion
(B)$ 200 Billion
(C)$ 300 Billion
(D)$ 400 Billion
(E)None of them
Ans: (B) $ 200 Billion

12.Which among the following country has been consistently on the top slot for last four years and this year too in the latest version of World Bank’s annual report “Doing Business 2010″?
(A)Sweden
(B)New Zea Land
(C)Singapore
(D)China
(E)South Korea
Ans: (C) Singapore

13.What is Doing Business 2010 rank of India?
(A)129
(B)131
(C)132
(D)133
(E)135
Ans: (D) 133, last year it was 132 and it has gone down by 1

14.As per the World Bank Report, which among the following in India is comparatively easy for outsiders planning to do business here?
(A)Dealing with Construction Permits
(B)Registering Property
(C)Getting Credit
(D)Enforcing Contracts
(E)Employing Workers
Ans: (C) Getting Credit

15.Which among the following cities ranks first in ease of doing business in India?
(A)Gurgaon
(B)Chandigarh
(C)Hyderabad
(D)Ludhiana
(E)Bangalore
Ans: (D) Ludhiana

16.For the first time in India, in which of the following Budgets “basic reforms in the international financial and trading system ” was stressed in India?
(A)1969
(B)1975
(C)1983
(D)1991
(E)1992
Ans: (C) 1983

17.The recently presented Economic Survey says ” India’s unpardonably large bureaucratic costs are like a valuable resource buried under the ground, waiting to be excavated and used” . The unpardonably large bureaucratic costs refer here to which of the following?
(A)Cost incurred in recruitment and training of bureaucrats
(B)Costs incurred in getting a project cleared in government offices as bribes
(C)Hidden Costs due to unwanted delay in projects approval
(D)Low efficiency of the bureaucracy of the country due to political instability
(E)All of the above
Ans: (C) Hidden Costs due to unwanted delay in projects approval

18.Bring out the incorrect statement regarding India’s textile sector:
(A)India’s textile and clothing sector currently employs 35 million people
(B)After agriculture it is second largest provider of employment
(C)Textile sector has a tendency to shrink as the GDP and Economy grows
(D)Textile sector is a major absorber of low-skilled labor
(E)All of above are correct statements
Ans: (C) statement C is incorrect. This natural tendency has been seen in agriculture sector and not in textile sector

19.Year 2009-10 was a time of inflationary concerns for our country witnessing unusual double digit inflation. In the history of Independent India, which among the following decades had shown 3 consecutive years of double-digit, food price inflation?
(A)1970s
(B)1980s
(C)1990s
(D)2000s
(E)1960s
Ans: (A) 1970s. 1972-73-74

20.Who among the following is the chairman of the Technology Advisory Group which has the mandate to fix the framework for large and transformational IT projects of the government?
(A)Kaushik Basu
(B)C Rangrajan
(C)Nandan Nilkeni
(D)Ashowk Chawla
(E)None of them
Ans: (C) Nandan Nilkeni

21.The following options A to E are news headlines related to Union Budget 2010 , taken from some financial newspapers. Among them bring out the one that deals with Transfer Payments ?
(A)Government projects Rs. 248664 crore for Interest payments
(B)Government projects Rs. 301331 as corporation tax in 2010-11
(C)Government will spend Rs. 60000 Crore on Defense in 2010-11
(D)The Subsidy has been Reduced from Rs. 131025 crore to 116224 crore in Union Budget 2010
(E)The government pitches for Rs. 40000 crore for Disinvestment
Ans: (D) The Subsidy has been Reduced from Rs. 131025 crore to 116224 crore in Union Budget 2010

22.In which of the following example the marginal productivity is close to zero?
(A)7 people working in a bank branch and 3 more join them after a massive recruitment drive of the bank
(B)7 people from a family working in a farm and 3 more join to them because they lost their jobs due to poor markets
(C)7 teachers teaching in a school and 3 more join them to teach 3 different subjects to a class of 100 students
(D)7 people are recruited by a company in unreserved category and 3 more recruited one of them was a physically disabled person
(E)None of them
Ans: (B) Option B is an example of Hidden Unemployment

23.As we all know that economic liberalization began in true sense in July 1991 in India. Which among the following was the first step of the government while taking the country towards Economic Liberalization?
(A)Substantial changes in industrial license policy were made
(B)The Rupee was made convertible
(C)Procedural formalities for Foreign direct Investment were removed
(D)The government significantly reduced the taxes
(E)The Government launched a highly focused Foreign Trade Policy
Ans: (A) Substantial changes in industrial license policy were made

24.Who among the following is not a member of National Development Council?
(A)The Prime Minister of India
(B)The President of India
(C)The members of Planning Commission
(D)The Chief Minister of states
(E)All of above are members
Ans: (B) The President of India

25.Bhoodan Yojna which was a measure of gifting land by the rich landlords to the poor laborers was initiated by whom among the following?
(A)Acharya Narendra Dev
(B)Acharya Vinoba Bhave
(C)Raj Naraina
(D)Medha patkar
(E)Swami Sundaranand
Ans: (B) Acharya Vinoba Bhave

26.As per 2001 census, which among the following states had lowest density of population per sq. kms?
(A)Mizoram
(B)Sikkim
(C)Nagaland
(D)Manipur
(E)Arunachal Pradesh
Ans: (E) Arunachal Pradesh

27.In a condition of monopoly, the monopolist has a control over the price he charges for his product. In which of the following conditions he will be able to maximize his profits?
(A)Lowering the prices if the demand curve is elastic
(B)Lowering the price, if the demand curve is inelastic
(C)Raising the price, if the demand curve is elastic
(D)In all of above situation
(E)in none of the above situations
Ans: (A) Lowering the prices if the demand curve is elastic

28.A competitive firm maximizes its profit when _______?
(A)MR=AR
(B)MR=MC
(C)MC=AC
(D)MC=AR
(E)None of the above
Ans: (B) MR=MC

29.Rs. 10000 are realized after selling 100 units and Rs. 14000 are realized after selling 120 Units. In this example, Rs. 200 is ________?
(A)Price per unit
(B)marginal cost
(C)marginal profit
(D)marginal revenue
(E)maximum profit
Ans: (D) Marginal Revenue

30.Who among the following is India’s current Minister of State (Expenditure & Financial Services)?
(A)S S Palanimanickam
(B)Namo Narain Meena
(C)Dinsha J. Patel
(D)Jitin Prasada
(E)None of them
Ans: (B) Namo Narian Meena

31.What is the current limit for collateral free loansto micro and small enterprises (MSEs) sector in India?
(A)Rs. 5 Lakh
(B)Rs. 10 Lakh
(C)Rs. 15 Lakh
(D)Rs. 8 Lakh
(E)None of them
Ans: (A) Rs. 5 Lakh

32.As we read in the newspapers that Reserve bank of India is introducing Base rate System which shall be the new reference rate for determining lending rates for banks. The Base Rate System would bring in more transparency to loan pricing for customers. On which date is being introduced in India?
(A)April 1, 2010
(B)June 1, 2010
(C)July 1, 2010
(D)January 1, 2011
(E)April 1, 2011
Ans: (C) July 1, 2011

33.Recently RBI has released on its website, the report of the Committee on Comprehensive Regulation of Credit Rating Agencies. Who among the following is the chairman of this committee?
(A)Dr. K.P. Krishnan
(B)Subir Gokarn
(C)Ashok Chawla
(D)Shri Vipin Malik
(E)Dr A.Vasudevan
Ans: (A) Dr. K. P. Krishnan

34.”On-line Electric Vehicle,”(OELV) is world ‘ s first commercial wireless electric vehicle. It was launched on March 9, 2010 in which of the following countries?
(A)Japan
(B)United States
(C)South Korea
(D)China
(E)India
Ans: (C) South Korea

35.With traded over 161 million contracts in 2009 , MCX has in February 2010 became word’s ______largest commodity Exchange?
(A)Second
(B)Third
(C)Fourth
(D)Fifth
(E)Sixth
Ans: (E) Sixth

36.Recently we read in the newspapers that attorney generals of seven states of United States are investigating over the charges over world’s largest seed producer that it has abused its market power to lock out competitors and raise prices. Which of the following companies is this world’s largest seed producer?
(A)Asgrow
(B)McKenzie Seeds
(C)Burpee Seeds
(D)Monsanto
(E)Unwins Seeds
Ans: (D) Monsanto

37.Recently Bt varieties Bollgard-I and Bollgard-II were amid news as the reports in various news papers say that Bollgard-I has been phased out in many countries and Bolgard-II are preferred. These verities are of ________?
(A)Bt Cotton
(B)Bt Brinjal
(C)Bt Tomato
(D)Bt Potato
(E)None of them
Ans: (A) Bt Cotton

38.Which among the following is the largest importer of Indian marine products as we read in the newspapers that it has decided to adopt the 20 per cent sampling method on Indian marine Products, especially shrimp, from April 2010 which shall lead to difficulty in exports?
(A)China
(B)Japan
(C)United States
(D)European Union
(E)Australia
Ans: (D) European Union

39.Which among the following organizations holds the largest stake in India’s top depository, National Securities Depository Limited (NSDL)?
(A)National Stock Exchange
(B)IDBI Bank
(C)Specified Undertaking of the Unit Trust of India (SUUTI)
(D)Bombay Stock Exchange
(E)None of them
Ans: (B) IDBI Bank

40.What is Amfis related to in India?
(A)Banking
(B)Mutual Funds
(C)Marketing & Finance
(D)Power Industry
(E)Information Technology
Ans: (B)Mutual Funds Association of Mutual Funds of India (Amfis)