Punjab and Sind Bank Probationary Officers Exam., 2010

General Awareness
(Held on 16-5-2010)

1. The Rate on which Banks borrow from the RBI is called—
(A) SLR
(B) CRR
(C) Interest Rate
(D) Bank Rate
(E) Repo Rate
Ans : (D)

2. M. K. Narayan has taken over as the Governor of—
(A) Gujarat
(B) Assam
(C) Meghalaya
(D) West Bengal
(E) None of these
Ans : (D)

3. Which of the following will be the venue of the India-ASEAN Summit to be held in 2012 ?
(A) Tokyo
(B) Jakarta
(C) Beijing
(D) New Delhi
(E) None of these
Ans : (D)

4. As we know the RBI is the apex Bank of India, similarly the apex Bank of USA is called—
(A) Federal Reserve
(B) The Central Bank of USA
(C) Bank of America
(D) Central National Bank of USA
(E) None of these
Ans : (A)

5. As per the newspaper reports the Standards and Poors (S&P) has changed India’s sovereign rating from ‘Negative’ to ‘Stable’. This means—
1. India’s economic condition has improved a lot.
2. There is no pressure of inflation of the economy as it is well under control.
3. India’s economic condition has further gone down as it has failed to control the fiscal deficit.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) None of these
Ans : (C)


6. As per the Foreign Trade Policy (FTP) unveiled by the UPA Govt. in August 2009, India will try to capture new markets for its exports in Asia, Latin America, Africa and Oceania etc. Earlier amongst the following were India’s biggest export markets ?
1. USA
2. Europe
3. SAARC Nations
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

7. As per the recent reports published in various newspapers, the core infrastructure industries registered a 4.5% growth in the month of February 2010. This figure does not include the performance of which one of the following industries; as it is not a core industry ?
(A) Coal
(B) Power
(C) Paper
(D) Cement
(E) All are core industries
Ans : (C)

8. Who amongst the following has taken over as the new Chief of the Armed Forces ?
(A) Pradeep V. Naik
(B) V. K. Singh
(C) Suresh Mehta
(D) Deepak Kapoor
(E) None of these
Ans : (B)

9. As per the provisions made in the Union Budget 2010-11, Govt. will infuse Rs. 16,500 crores in banks to make their capital base strong. This money will be infused in which of the following types of banks ?
(A) Gramin Banks
(B) Cooperative Banks
(C) National Housing Banks
(D) Public Sector Banks
(E) None of these
Ans : (D)

10. Who amongst the following is the recipient of the Nobel Prize for Peace in 2009 ?
(A) Herta Mulber
(B) Barack Obama
(C) Martli Ahtisaari
(D) Paul Krugman
(E) None of these
Ans : (B)

11. As reported in various financial newspapers the Govt. of India is planning to link the prices of diesel and petrol to market prices and may also introduce a graded system of sharing subsidy. If it is done this will be in order to implement the recommendation of which of the following committees ?
(A) Murli Deora Committee
(B) C. Rangarajan Committee
(C) Kirit Parikh Committee
(D) S. Sundareshan Committee
(E) None of these
Ans : (C)

12. Which of the following schemes of the Govt. of India is planned to help farmers by providing a competitive price to their produce ?
1. Minimum support price of agro products
2. Creating buffer stock of food grains
3. Making loans available to them on special and subsidized rates of interest
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)

13. Which of the following norms/practices adopted by the banks is/are launched to ensure that the money from illegal activities/sources does/do not come to banks and therefore, the economic health of the nation does not get affected ?
1. Know your Customer
2. Financial Inclusion
3. Branchless Banking
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (A)

14. As a practice, all banks now deduct some amount from their pre tax income and set aside in a separate account to create a cushion for the loans which may go bad. This is called—
(A) CRR
(B) SLR
(C) Provisioning
(D) PLR
(E) None of these
Ans : (D)

15. As we know many Indian Banks are opening their branches in foreign countries these days. What in your opinion is/are the reasons owing to which these banks are willing to open branches in foreign countries ?
1. India has the largest network of bank branches in the world. Hence other nations also wish to take advantage of their services.
2. Indian Banks get an opportunity to raise foreign currency funds and also the experience funding joint ventures of multinationals. This prompts them to open their branches in foreign nations.
3. As many foreign banks are functioning in India, India in turn is also required to open equal number of branches in foreign countries. Hence Indian Banks are opening branches in these countries.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) None of these
Ans : (B)

16. Who amongst the following was recently nominated as the ‘Member of the Rajya Sabha’ ?
(A) Amitabh Bachchan
(B) Manoj Kumar
(C) Aamir Khan
(D) Javed Akhtar
(E) None of these
Ans : (D)

17. The 97th annual session of the Indian Science Congress was held in which of the following cities in January 2010 ?
(A) Mumbai
(B) Kolkata
(C) New Delhi
(D) Thiruvananthapuram
(E) Hyderabad
Ans : (D)

18. Which of the following crops need plenty of water to grow ?
(A) Jowar
(B) Cotton
(C) Paddy
(D) Bajra
(E) All these need plenty of water
Ans : (C)

19. Which of the following is/are true about the National Rural Employment Guarantee Act ?
1. The Act is now known as Indira Gandhi National Rural Employment Guarantee Act.
2. The Act is now applicable to all the districts of the country.
3. Minimum wage fixed under this Act is now Rs. 250 per day.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (B)

20. Who amongst the following was recently awarded the prestigious “Order of Merit of the Italian Republic” ?
(A) Sunil Mittal
(B) Ratan Tata
(C) Harshpati Singhania
(D) Rahul Bajaj
(E) None of these
Ans : (B)

21. Govt. of India recently approved the national policy on Bio fuels. Which of the following crops is one which is used to make biofuels ?
(A) Onion
(B) Sugarcane
(C) Wheat
(D) Coconut
(E) None of these
Ans : (B)

22. Which of the following countries is the largest producer of milk in the world ?
(A) China
(B) India
(C) Denmark
(D) USA
(E) None of these
Ans : (B)

23. Which of the following terms is not associated with the game of Hockey ?
(A) Bouncer
(B) Bully
(C) Short Corner
(D) Goal
(E) Penalty Corner
Ans : (A)

24. Saina Nehwal is a famous—
(A) Lawn Tennis Player
(B) Golf Player
(C) Table Tennis Player
(D) Badminton Player
(E) None of these
Ans : (D)

25. Who amongst the following is associated with music and is a maestro of international repute ?
(A) Vikram Seth
(B) Steve Waugh
(C) Salman Rushdie
(D) Ritu Beri
(E) A. R. Rahman
Ans : (E)

26. India is providing help to which of the following nations in setting up a Medical College there on the lines of the AIIMS ?
(A) Nepal
(B) Bhutan
(C) Bangladesh
(D) Myanmar
(E) None of these
Ans : (B)

27. Which of the following is the abbreviated name of the company which produces chemical fertilizers in India ?
(A) IASRI
(B) BHEL
(C) IFFCO
(D) FICCI
(E) FERA
Ans : (C)

28. Which of the following is not a food grain ?
(A) Paddy
(B) Jatropha
(C) Bajra
(D) Jowar
(E) Wheat
Ans : (B)

29. As we know Govt. is paying much attention towards the development of watersheds and water bodies in all the areas of the country. What is/are the reasons owing to which Govt. has to take these special efforts to develop/recharge watersheds and water bodies ?
1. The one single biggest problem of the agricuture in the country is inappropriate irrigation facilities and farmers’ overdependence on the monsoon. Govt. wants farmers to come out of it.
2. The water table in some of the areas in the country is going down. This is a matter of great concern for all of us as this may result in severe water problem in days to come. Govt. is serious about it.
3. Around 30 to 35 per cent watersheds/water bodies in the country are not being utilized as the quality of the water in these has deteriorated over the years.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

30. Which of the following is/are true about the Indira Awas Yojana ?
1. The scheme provides financial assistance to people living below poverty line for construction of housing units.
2. Every family gets an assistance of Rs. 3 lakhs for construction of new housing unit and upto Rs. 2 lakhs for upgradation of old/existing units.
3. Scheme is available only to those who are staying in any village or urban areas having a population of 50000 or more.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (E)

31. The head office of the World Trade Organisation is located in—
(A) Nepal
(B) India
(C) Japan
(D) Australia
(E) None of these
Ans : (E)

32. Who amongst the following is/was not a famous writer of English Language ?
(A) V. S. Naipaul
(B) Anita Desai
(C) Harivansh Rai Bachchan
(D) Kiran Desai
(E) Chetan Bhagat
Ans : (C)

33. Which of the following awards is given for excellence in the field of Sports ?
(A) Kalidas Samman
(B) Shanti Swarup Bhatnagar Award
(C) Jananpith Award
(D) Arjun Award
(E) Bharat Ratna
Ans : (D)

34. Which of the following trophies/cups is associated with the game of Cricket ?
(A) Davis Cup
(B) Agha Khan Cup
(C) Nehru Trophy
(D) Durand Cup
(E) Duleep Trophy
Ans : (E)

35. Who amongst the following is NOT a recipient of the Padma Vibhushan Award given away recently ?
(A) Y. V. Reddy
(B) Zora Segal
(C) V. Ramakrishnan
(D) Pratap C. Reddy
(E) Shreya Ghosal
Ans : (E)

36. The conference of the Speakers and presiding officers of the commonwealth countries was organized recently in—
(A) New Delhi
(B) London
(C) Pretoria
(D) Kuala Lumpur
(E) None of these
Ans : (A)

37. Which of the following films was adjudged as the ‘Best Feature Film’ in 56th National Film Awards, announced recently ?
(A) Antaheen
(B) Fashion
(C) Jogva
(D) Bioscope
(E) None of these
Ans : (A)

38. Who amongst the following Indian Players won the Mixed Doubles of the Australian Open Tennis 2010 ?
(A) Mahesh Bhupati
(B) Leanders Paes
(C) Sania Mirza
(D) Rohan Bopanna
(E) None of these
Ans : (B)

39. As per the “Education for All Global Monitoring Report”, released by the UNO, over half of the total illiterate population of the world lives in just four countries. Which of the following is not one of these four ?
(A) China
(B) India
(C) South Africa
(D) Pakistan
(E) Bangladesh
Ans : (C)

40. Which of the following is/are correct about the Rajiv Gandhi LPG Vitrak Yojana ?
1. Women/men in the age group of 21-45 years will be stakeholders.
2. All stackeholders will earn Rs. 15,000 to Rs. 20,000 per month as their income.
3. LPG will be supplied through a pipeline from the nearest depot to the filling station which will be common for a constellation of 4 to 5 villages.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (A)

41. An individual going to Bangladesh will be required to make all his/her payments in which of the following currencies ?
(A) Rial
(B) Dinar
(C) Taka
(D) Rupee
(E) Dollar
Ans : (C)

42. Mr. Najib Tun Razak, who was on a visit to India a few months back, is the—
(A) President of Iran
(B) Prime Minister of Iran
(C) President of Malaysia
(D) Prime Minister of Malaysia
(E) None of these
Ans : (D)

43. The construction of a dam on which of the following rivers in Arunachal Pradesh has become a matter of concern as some people feel that it will damage the socio cultural environment of the State ?
(A) Brahmaputra
(B) Teesta
(C) Gandak
(D) Padma
(E) None of these
Ans : (A)

44. India recently provided a US $ 1 billion credit to which of the following countries in its neighbourhood so that bilateral trade with it can be improved ?
(A) China
(B) Pakistan
(C) Bangladesh
(D) Myanmar
(E) None of these
Ans : (C)

45. Which of the following regulatory fiscal bodies is celebrating its Platinum Jubilee this year ?
(A) NABARD
(B) SEBI
(C) IRDA
(D) AMFI
(E) RBI
Ans : (E)

46. As we all know the Govt. of India had launched ‘Look East Policy’ a few years ago so that it can have better relations and trade with South East Asian counties. Which of the following nations is considered or called the “Door of South East Nations” ?
(A) Bangladesh
(B) Myanmar
(C) China
(D) Afghanistan
(E) None of these
Ans : (C)

47. Which of the following countries is going to host SAARC summit next year ?
(A) Bangladesh
(B) India
(C) Pakistan
(D) Nepal
(E) Maldives
Ans : (E)

48. As per the reports published in various newspapers, the Union Minister of Corporate Affairs is planning to introduce a system where two firms may audit accounts of every company. Which of the following may be the impact of this dual audit system, when implemented ?
1. This will bring transparent, independent and objective assessments of the functioning of the companies.
2. This will create a warning or alarming system so that Satyam like episodes can be averted.
3. This will give an opportunity to auditors to learn more about the ‘inside activities’ of the companies and also a better understanding of the business tactics, the companies adopt to beat their competitors.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

49. Some financial experts and business leaders feel that the present policies of the RBI may result in hardening of the interest rates further. Besides this hardening of the ‘rupee in international markets is also possible. If it happens, what will be its impact on the market ?
1. More and more Indian firms would like to borrow from global markets instead of domestic ones.
2. Companies may have to suspend their plans of raising capital needed for extension of business for sometime.
3. More and more Indian companies would like to open their offices/branches in foreign nations so that they can approach foreign investors easily.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) Only 2 and 3
(E) None of these
Ans : (D)

50. Which of the following is/are true about the “Gram Nyayalayas” ?
1. These courts will be mobile courts and will function at Panchayat level.
2. The Magistrate of these courts will go to the villages in their area of coverage and will dispose off cases of the villages there itself.
3. Only civil suits related to the property of Rs. 5,00,000 and above will be disposed off in this way.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (D)

Bank Of India (BOI) PO EXAM SOLVED PAPER

 General Awareness

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)

I.D.B.I. Assistant Manager Exam., 2010

General and Financial Awareness

(Exam Held on 14-11-2010)

1. The present Cash Reserve Ratio is—
(A) 5%
(B) 5•5%
(C) 6%
(D) 6•5%
(E) None of these
Ans : (C)

2. One of the objectives of KYC (Know Your Customer) norms is—
(A) to give boost to bank deposits
(B) to safeguard banks advances
(C) to monitor transactions of suspicious nature
(D) to help income tax authorities to collect income tax
(E) None of these
Ans : (C)

3. Contribution to Prime Minister's relief fund enjoys Income Tax benefit up to—
(A) 50% under section 80G
(B) 75% under section 80G
(C) 100% under section 80 G
(D) 100% under section 88
(E) No exemption is available
Ans : (C)

4. Which of the following activities are expected to be performed by the Business correspondents ?
(A) Disbursal of small value credit
(B) Collection of small value deposits
(C) Sale of micro insurance /mutual fund products
(D) All the three above
(E) Only (B) and (C) above
Ans : (E)

5. Tax at source by banks is deducted on interest paid on term deposits in the interest amount in a financial year exceeds—
(A) Rs. 3,000
(B) Rs. 5,000
(C) Rs. 10,000
(D) Rs. 15,000
(E) There is no such provision
Ans : (B)


6. Securitisation and Reconstruction of Financial Assets and Enforcement of security Interest Act relates to—
(A) Sanction of loans
(B) Enhancement of loan limits
(C) Recovery of loans
(D) All the above
(E) None of above
Ans : (C)

7. MSMED Act is applicable to—
(A) Smalls enterprises only
(B) Medium enterprises only
(C) Micro enterprises only
(D) Micro, Small and Medium enterprises
(E) All enterprises irrespective of their size engaged in manufacturing activity
Ans : (D)

8. Money Laundering refers to—
(A) Conversion of assets into cash
(B) Conversion of Money which is illegally obtained
(C) Conversion of cash into gold
(D) Conversion of gold into cash
(E) None of the above
Ans : (B)

9. The Monetary and Credit Policy is reviewed by the RBI after a gap of—
(A) one year
(B) one month
(C) two years
(D) five years
(E) None of these
Ans : (E)

10. PPF account is opened for a period of—
(A) 5 years
(B) 10 years
(C) 15 years
(D) 20 years
(E) None of these
Ans : (C)

11. Yuan is the currency of—
(A) Japan
(B) China
(C) Indonesia
(D) Myanmar
(E) None of these
Ans : (B)

12. National savings certificate matures at the end of—
(A) Six years
(B) Three years
(C) Six and half years
(D) Five years
(E) Five and half years
Ans : (A)

13. Normally Bank accept Fixed Deposits for a maximum period of—
(A) 5 years
(B) 3 years
(C) 10 years
(D) 20 years
(E) Any number of years
Ans : (E)

14. Code of banks commitment to Micro and Small enterprises is prepared by—
(A) RBI
(B) SEBI
(C) FEDAI
(D) BCSBI
(E) Ministry of Small and Medium Enterprises
Ans : (E)

15. Which one of the following is not a salient feature of debit card ?
(A) No bad debts to banks and no suits for recovery
(B) No interest earning for banks
(C) Works like a normal withdrawal
(D) All the above
(E) 45 dayes credit is given to the card holder
Ans : (E)

16. IFRS stands for—
(A) International Financial Reporting standards
(B) Indian Financial Rating Standards
(C) International Financial Rating Standards
(D) All the three above
(E) None of the above
Ans : (A)

17. What is the present Repo Rate ?
(A) 5%
(B) 5•5%
(C) 6%
(D) 6•5%
(E) None of these
Ans : (E)

18. There are certain financial instruments whose prices are derived from the price of the underlying currency of interest rate or stocks etc. These are known as—
(A) Derivatives
(B) Securitisation
(C) Leasing
(D) Factoring
(E) Venture Capital Funding
Ans : (A)

19. What is the full form of ASBA ?
(A) Allotment supported by Blocked Amount
(B) Application supported by Blocked Amount
(C) Application supported by Bank Amount
(D) Allotment supported by Bank Account
(E) None of the above
Ans : (B)

20. Reverse Repo is used by RBI to—
(A) Inject liquidity
(B) Absorb liquidity
(C) Increase the liquidity with banking system
(D) Keep the liquidity at one level
(E) None of the above
Ans : (D)

21. Which of the following is not considered as lending under infrastructure sector ?
(A) A Highway project
(B) Construction of Educational Institution
(C) Construction of Hospital
(D) Laying down of petroleum pipelines
(E) None of the above
Ans : (E)

22. KYC guidelines have been framed on the recommendations/as per guidelines of—
(A) Reserve Bank of India
(B) Ministry of Finance
(C) Indian Banks Association
(D) Financial Action Task Force
(E) Ministry of Home affairs
Ans : (A)

23. The term ‘Power of Attorney’ refers to—
(A) Power of a person
(B) An authority to operate a Bank account
(C) An instrument by which a person is empowered to act for another person
(D) All of the above
(E) None of the above
Ans : (C)

24. What is the amount of compensation to be paid per day, as per RBI directives in case of failed ATM transactions ?
(A) Rs. 50
(B) Rs. 100
(C) Rs. 200
(D) Rs. 500
(E) It is at the discretion of each Bank
Ans : (B)

25. Financial Action Task Force has an office in India at which place ?
(A) Mumbai
(B) Chennai
(C) Kolkata
(D) New Delhi
(E) All the above places
Ans : (D)

26. Bridge loans refer to—
(A) Loans granted to contruction companies for construction of bridges
(B) Loan granted to PWD for construction of bridges over Rivers
(C) Interim finance allowed by banks to their customers pending disbursement of term loans by financial institutions
(D) All of the above
(E) None of the above
Ans : (C)

27. Payment of Demand Draft can be stopped by—
(A) Payee
(B) Holder
(C) Purchaser
(D) All of these
(E) None of these
Ans : (A)

28. Can any one file an appeal against the order passed by the Banking Ombudsman ? If so who is the Appellate Authority ?
(A) The Chairman of concerned Bank
(B) The Deputy Governor RBI
(C) Governor of RBI
(D) Finance Minister
(E) None of the above
Ans : (B)

29. For which one of the following reasons, the Government has approved a plan to infuse Rs. 15,000 crore capital into PSBs ?
(A) To boost their lending capacity
(B) To maintain minimum CRAR as per Basel II norms
(C) To maintain NPA provision coverage ratio
(D) To strengthen the Balance Sheet of banks
(E) None of these
Ans : (A)

30. What is monetary policy transmission ?
(A) It refers to monetary policy of Central Bank
(B) It refers to fiscal policy of Government
(C) It refers to various channels through which the monetary policy of a Central Bank alters prices or output in the real economy
(D) It refers to various channels through which the fiscal policy of the Government alters prices or output in the real economy
(E) None of these
Ans : (C)

31. On which one of the following issue IMF has supported monetary policy of India ?
(A) Tightening of monetary policy
(B) Stimulus for agriculture sector
(C) Concessions for foreign investment
(D) Introduction of GST
(E) None of these
Ans : (A)

32. The advantage of convenience in credit card operations is for—
(A) Customer
(B) Members Establishments
(C) Banks
(D) All the above
(E) None of the above
Ans : (D)

33. Under provisions of which one of the following Acts, CAs/CS have been told to report all suspicious fund trasnfers ?
(A) RBI Act
(B) Banking Regulation Act
(C) Indian Companies Act
(D) Unlawful Activities (Prevention) Act
(E) None of these
Ans : (D)

34. Bancassurance is—
(A) an insurance scheme to insure bank deposits
(B) an insurance scheme exclusively for the employees of banks
(C) a composite financial service offering both bank and insurance product
(D) a bank deposits scheme exclusively for employees of insurance companies
(E) None of the above
Ans : (C)

35. In the term STRIPS, the first letter ‘S’ denotes—
(A) Separate
(B) Small
(C) Special
(D) Savings
(E) None of these
Ans : (A)

36. Which of the following organizations, provide credit history of the borrowers ?
(A) CIBIL
(B) SEBI
(C) RBI
(D) CRISIL
(E) IBA
Ans : (A)

37. Loans/advances to farmers is treated as—
(A) Personal Loans
(B) Priority Sector Loan
(C) Business Loan
(D) Corporate Loan
(E) None of these
Ans : (B)

38. Which one of the following Organisations maintains CRR ?
(A) RBI
(B) SEBI
(C) NABARD
(D) IBA
(E) None of these
Ans : (A)

39. When the loan is granted for purchase of white goods it is called—
(A) Consumption loan
(B) White goods loan
(C) Consumer durable loan
(D) All the above
(E) None of the above
Ans : (C)

40. Which one of the following is the objective of Mahatma Gandhi National Rural Employment Guarantee Act ?
(A) To provide 100 days employment to people in rural areas
(B) To provide employment to educated youth
(C) To provide employment under KVIC schemes
(D) To create more valuable rural assets
(E) None of these
Ans : (A)

41. Structure of Basel II is based on how many pillars ?
(A) Two
(B) Three
(C) Four
(D) Eight
(E) Six
Ans : (B)

42. With which one of the following ‘Channel Financing’ is associated ?
(A) Retail Lending
(B) Corporate Lending
(C) SME Lending
(D) Supply Chain Finance
(E) None of these
Ans : (D)

43. Expand the term FRBM—
(A) Financial Responsibility and Business Management
(B) Fiscal Responsibility and Business Management
(C) Financial Responsibility and Budget Management
(D) Fiscal Responsibility and Budget Management
(E) None of these
Ans : (D)

44. A customer can approach Banking ombudsman if he does not get satisfactory response to his grievance from the bank within how many days ?
(A) 10 days
(B) 20 days
(C) 8 days
(D) 30 days
(E) 60 days
Ans : (D)

45. Which one of the following country is in talks with EU and International Monetary Fund, to exit from debt crisis ?
(A) Spain
(B) Turkey
(C) Portugal
(D) Greece
(E) Finland
Ans : (D)

46. For achieving 8•5 percent GDP growth in fiscal 2010-11, which one of the following should be percent growth in farm sector ?
(A) 2•0
(B) 2•5
(C) 3•0
(D) 4•0
(E) None of these
Ans : (C)

47. According to a report submitted by IMF in its World Economic Outlook, which one of the following countries will have highest percent GDP growth rate in 2011 ?
(A) China
(B) India
(C) Brazil
(D) Russia
(E) None of these
Ans : (A)

48. Which one of the following has given ‘Aadhaar’ as its new brand name ?
(A) UIDAI
(B) Sports Ministry, GOI
(C) Ministry of Tourism, GOI
(D) NHAI
(E) None of these
Ans : (A)

49. Which of the following will help poor to come out of their poverty ?
1. Good Health Service
2. Freedom from illiteracy
3. Optimum Sex Ratio
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) Only 3
(E) All 1, 2 and 3
Ans : (E)

50. Which one of the following is per cent Bank Rate ?
(A) 4.0
(B) 4.5
(C) 5
(D) 3.33
(E) None of these
Ans : (E)

Bank of India Probationary Officers Exam 2010

General Awareness (Held on 31-10-2010)
 
1. The Business Correspondence Model being adopted by the banks provides Banking facilities to which of the following ?
(A) Only Corporate borrowers
(B) Only Weaker sections the society and people of small villages
(C) Only those who are taking housing loans
(D) All (A), (B) and (C) above
(E) None of these
Ans : (B)

2. The concept of ‘Carbon Credit’ is associated with which of the following areas ?
(A) Protection of environment
(B) Women empowerment
(C) Development of rural infrastructure
(D) Development of coal mines
(E) None of these
Ans : (A)

3. As we all know Government is paying much attention to improve Public Distribution System (PDS) in our country. Which of the following have been the achievements of the PDS uptill now, owing to which Government wants to further improve it ?
[Pick up correct statement(s).]
1. After implementing PDS in India, no famine was reported. PDS was always there to give people at least the bare minimum to survive.
2. A drought of 1987 was worst in this century but PDS played a vital role in overcoming the drought.
3. Now PDS is feeding the poorest of the poor in this country.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3 are correct
(E) None of these
Ans : (B)


4. Global Micro Credit Summit-2011 will be organized in which of the following countries ?
(A) Britain
(B) South Africa
(C) Spain
(D) Italy
(E) None of these
Ans : (C)

5. Many times we read about SHGs in financial newspapers. What is the full form of the term ?
(A) Small Help Groups
(B) Self Help Groups
(C) Small Hope in Growths
(D) Self Hope Groups
(E) None of these
Ans : (B)

6. Whenever newspapers talk about the performance of core industries, which of the following is not considered among them ?
(A) Petroleum
(B) Automobile
(C) Mining
(D) Steel
(E) Cement
Ans : (B)

7. Which of the following agencies/organizations in India maintains the Micro Finance Development and Equity Fund which was in news recently ?
(A) Confederation of Industries in India (CII)
(B) Indian Bank’s Association (IBA)
(C) Small Industries Development Bank of India (SIDBI)
(D) Reserve Bank of India (RBI)
(E) National Bank for Agriculture and Rural Development (NABARD)
Ans : (D)

8. As per recent newspaper reports UK based Cairn Energy is in the process of selling its stake to which one of the following companies of Indian base ?
(A) ONGC Videsh
(B) Hindustan Petroleum Corporation Ltd.
(C) Vedanta Resources
(D) Posco India
(E) None of these
Ans : (C)

9. Which of the following bills presented in the Parliament will bring some changes in existing tax regime ?
(A) Direct Taxes Code (DTC) Bill
(B) Foreign Exchange Management Regulatory Bill
(C) Companies Act Bill
(D) Salaries and Perks for MPs Bill
(E) Finance Bill 2010-11
Ans : (A)

10. Under Indira Gandhi National Old Age Pension Scheme (IGNOAPS), the benefits are available to the people having minimum age of …….
(A) 50 years
(B) 55 years
(C) 65 years
(D) 60 years
(E) 70 years
Ans : (C)

11. Mr. Katsuya Okada who was on a visit to India few months back is the Foreign Minister of—
(A) South Korea
(B) Myanmar
(C) Japan
(D) Thailand
(E) None of these
Ans : (C)

12. Govt. of India has decided to review its Foreign Direct Investment Rules twice in a year. This will be done from—
(A) 2015
(B) 2012
(C) 2014
(D) 2011
(E) None of these
Ans : (E)

13. Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts ?
(A) Fiscal Responsibility and Budget Management Act
(B) Banking Regulation Act
(C) Financial action Task Force Act
(D) Foreign Exchange Management Act
(E) None of these
Ans : (D)

14. India recently reviewed its trade relation policy with Russia. What are the main exports from India to Russia ?
1. Pharmaceuticals
2. Apparel and Clothing
3. Tea and Coffee
(A) Only 1
(B) Only 2
(C) All 1, 2 and 3
(D) Only 2 and 3
(E) Only 1 and 2
Ans : (A)

15. As we all know DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP ?
(A) Department of Industrial Policy and Promotion
(B) Department of Industrial Procedures and Promotions
(C) Directorate of Industrial Procedures and Promotions
(D) Directorate of Industrial Policy and Publicity
(E) None of these
Ans : (A)

16. ‘Israel and Palestinians open talks’ was the headline in some major newspapers. As we all know both the nations were not coming for the talks since 2008. Which of the following is the main dispute between these two nations ?
(A) Membership of World Trade Organisation
(B) Membership of G-20
(C) Selecting Syria, one of the major trade partners by Israel. Palestine is dead against it
(D) Redefining the boundaries as a major glacier between them has erased the same
(E) None of these
Ans : (E)

17. Many times we read about the performance of Asian Markets in various financial newspapers. Which of the following is not included in Asian Market ?
(A) Japan
(B) China
(C) Hong Kong
(D) South Korea
(E) Brazil
Ans : (E)

18. As per the figures released by the World Bank, which of the following countries was the largest recipient of loans from the World Bank during 2009-10 ?
(A) Bangladesh
(B) Pakistan
(C) Brazil
(D) China
(E) India
Ans : (E)

19. Which of the following has been fixed as the target for fiscal deficit 2010-11 ?
(In terms of percentage of GDP)
(A) 3%
(B) 3•5%
(C) 4%
(D) 5%
(E) 5•5%
Ans : (D)

20. As per news in various newspapers ‘kfw’ Group released another instalment of its financial aid to India. kfw is an organization/bank based in—
(A) France
(B) Japan
(C) Italy
(D) China
(E) Germany
Ans : (E)

21. Which of the following countries has become the main supplier of Defence goods to India and has replaced Russia ?
(A) Canada
(B) USA
(C) Israel
(D) France
(E) None of these
Ans : (C)

22. As per existing policy, new foreign investments in manufacturing of which of the following is not allowed ?
(A) White cement
(B) Plastic goods
(C) Cigarette and Cigars
(D) Polythene bags
(E) Pesticides
Ans : (C)

23. The Mixed Double of which of the following Lawn Tennis tournaments was won by Leander Paes along with Cara Black in 2010 ?
(A) Wimbledon
(B) US Open
(C) Australia Open
(D) Dubai Open
(E) None of these
Ans : (C)

24. Which of the following is not amongst the Prime Minister’s new 15 point programme ?
(A) Enhanced Credit Support for economic activities
(B) Modernizing Madarsa Education
(C) Improvement in condition of slums inhabited by minorities
(D) Free train journey for unemployed youths
(E) Rehabilitation of victims of communal riots
Ans : (D)

25. The Summit of Shanghai Cooperation Organisation was held in June in which of the following places ?
(A) Shanghai
(B) Moscow
(C) Tashkent
(D) Astana
(E) None of these
Ans : (C)

26. India’s political relations with its neighbouring countries are a critical part of its …….
(A) Industrial policy
(B) Trade policy
(C) Foreign policy
(D) Development policy
(E) None of these
Ans : (C)

27. Which of the following organizations of Indian Origin is helping Sri Lanka in rehabilitation of its war widows ?
(A) Khadi and Village Commission
(B) SEWA
(C) Action for Food Production
(D) Adhar
(E) Aasha
Ans : (B)

28. Who amongst the following became the first Cricketer to take 800 wickets in Test Cricket ?
(A) Kumar Sangakkara
(B) Saqlain Mustaq
(C) Anil Kumble
(D) Muttiah Murlitharan
(E) None of these
Ans : (D)

29. Which of the following agencies/organizations has decided to make major changes for ULIPs ?
(A) IRDA
(B) RBI
(C) AMFI
(D) FRBI
(E) None of these
Ans : (A)

30. The 16th SAARC Summit was organized in Thimpu. The declaration of the Summit was named as—
(A) Towards Green and Happy South Asia
(B) Silver Jubilee of SAARC
(C) Let us meet again in Delhi
(D) SAARC : The Future of South Asia
(E) None of these
Ans : (B)

31. Which of the following is the name of the programme launched by the Govt. of India to help lonely women by providing vocational training to make them self dependent ?
(A) Apnalaya
(B) Prayas
(C) Abhiyogyata
(D) Swadhar
(E) Swawlamban
Ans : (D)

32. Which of the following terms is not used in the game of Cricket ?
(A) Doosra
(B) Century
(C) Bouncer
(D) Love
(E) Ashes
Ans : (D)

33. Which of the following countries won the Asia Cup Cricket Tournament 2010 held in Sri Lanka ?
(A) Sri Lanka
(B) India
(C) Pakistan
(D) Bangladesh
(E) None of these
Ans : (B)

34. Mr. James Alix Michael who was on a visit to India recently is the President of ……
(A) Australia
(B) New Zealand
(C) Colombia
(D) Seychelles
(E) None of these
Ans : (D)

35. Trupti Murgunde whose name was in news recently is a—
(A) Badminton player
(B) Golf player
(C) Lawn Tennis player
(D) Table Tennis player
(E) Cricket player
Ans : (A)

36. Which of the following is not a financial term ?
(A) Acid Test
(B) Double Fault
(C) Gross Profit
(D) Depreciation
(E) Cash flow
Ans : (A)

37. In the terms of economics, the recession occurring two times with a small gap in between is known as—
(A) Double Deflation
(B) Deflation
(C) Deep Recession
(D) Double Dip Recession
(E) None of these
Ans : (A)

38. Saina Nehwal was in Paris recently to play in World Championship. She lost her match against whom amongst the following players ?
(A) Le Chong Wei
(B) Shixian Wang
(C) Taufik Hidayut
(D) Jung Eun
(E) None of these
Ans : (E)

39. Union Cabinet recently cleared 15000 crore Sukhoi deal. Sukhoi is—
(A) Battle tank
(B) Fighter plane
(C) Submarine
(D) Radar system
(E) None of these
Ans : (B)

40. Who amongst the following is the recipient of the Rajiv Gandhi Khel Ratna Award-2010 announced recently ?
(A) Pankaj Adwani
(B) Leander Paes
(C) Sania Mirza
(D) M. S. Dhoni
(E) None of these
Ans : (C)

41. Which of the following terms is not used in Economics ?
(A) Balance of Payment
(B) Call Money
(C) National Debt
(D) Elasticity of Demand
(E) Boyle’s law
Ans : (E)

42. Which of the following ministries /departments operates the ‘Village Grain Bank’s Schemes’ ?
(A) Ministry of Tribal Welfare
(B) Department of Food and Public Distribution
(C) Department of Social Welfare
(D) Ministry of Forest
(E) None of these
Ans : (B)

43. Which of the following countries recently conducted general election and became the first Parliamentary Democracy of Central Asia ?
(A) Turkmenistan
(B) Uzbekistan
(C) Kyrgyzstan
(D) Kazakhstan
(E) None of these
Ans : (C)

44. Which of the following books is written by Chetan Bhagat ?
(A) The Golden Gate
(B) Journey to Ithaca
(C) Fore on the Mountain
(D) The inheritance of Loss
(E) 2 States : The Story of My Marriage
Ans : (E)

45. Which of the following nations is the recent one to join Non-Aligned Movement (NAM) ?
(A) Fiji
(B) Cuba
(C) Sri Lanka
(D) Colombia
(E) Egypt
Ans : (A)

46. Hiroshima Day is observed on which of the following dates ?
(A) 6th August
(B) 16th August
(C) 6th September
(D) 16th September
(E) 26th July
Ans : (A)

47. Who amongst the following is the Chairperson of the Human Right’s Commission of India at present ?
(A) Prof. M. S. Swaminathan
(B) Justice K. G. Balakrishnan
(C) Justice A. R. Lakshmanan
(D) Justice P. V. Reddi
(E) None of these
Ans : (B)

48. ‘Booker Prize’ is given in the field of ……
(A) Literature
(B) Social service
(C) Films
(D) Science
(E) Sports
Ans : (A)

49. Which of the following games/sports is not included in the list of Commonwealth Games 2010 ?
(A) Table Tennis
(B) Hockey
(C) Weight lifting
(D) Golf
(E) Boxing
Ans : (D)

50. Dronacharya Awards are given to a person associated with—
(A) Education
(B) Social service
(C) Journalism
(D) Sports
(E) Films
Ans : (D)

Maharashtra Gramin Bank Officers 2009 Solved Paper

GENERAL AWARENESS

1. The Govt. of India has taken a decision to open more IITs during the year 2008-09. These IITs will be in which of the following groups of States?
(A) Bihar,Rajasthan,Andhra Pradesh
(B) Andhra Pradesh,Orissa,Karnataka
(C) Karnataka,Tamilnadu,Kerala
(D) Uttar Pradesh,Madhya Pradesh,Bihar
(E) None of these
ANS (A)
2. Which of the following is /are NOT the highlights of the Union Budget 2008-09 ?
(1) A risk Capital fund is to be set up and maintained by one of the financial Institutes.
(2) Allocation for defence is reduced by 10% to make it Rs. 10,000 Crore.
(3) Several new scheme to be introduced for providing social security to the people in unorganized sectors.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) Both (1) & (2)
(E) All 1,2 & 3
ANS (B) The amount allocated for for defence in the budget 2008-09 is Rs. 105600 Crore which is higher than that in the Budget 2007-08.
3. To help farming community the Govt. of India has decided to raise the minimum support price of Paddy for current Kharif marketing season. What is that Price ?
(A) Rs. 800/quintal
(B) Rs. 900/quintal
(C) Rs. 950/quintal
(D) Rs. 1200/quintal
(E) none of these
ANS (D) The purchase price recommended by the CACP fOR The Crop Year 2008-09 for general category Rice is Rs. 1000 per quintal and for A- Grade is Rs. 1050 per quintal.
4. Wchich of the following is the correct definition of the term commercial paper ?
(1) It is nothing but the popular name of the judicial stamp papers used to register financial transactions.
(2) It is one of the instrument through which corporate raise debt from the market.
(3) It is the name of the “Certificate of Deposits” provided by the banks to its retail customers.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) Both (1) & (2)
(E) All (1),(2) & (3)
ANS (B)
5. As per the Railway Budget 2008-09 the operating ratio of Railways is pitched at which of the following levels? Approximately—
(A) 70%
(B) 75%
(C) 98%
(D) 90%
(E) 81%
ANS (E) As per the Railway Budget 2008-09 the operating ratio of Railways is pitched at 81.4% .
6. As per the new figures released in recent past what has been the ratio of taxes to gross domestic product (Tax-GDP)in 2007-08 ? Approximately —
(A) 8%
(B) 9%
(C) 10-%
(D) 11.5%
(E) 12.5%
ANS (E)
7. Which of the following companies has got “Navratna Status” recently ?
(A) National Mineral Development Corporation (NMDC)
(B) National Textile Corporation (NTC)
(C) Maruti Udyog Ltd.
(D) IDBI Bnak Ltd.
(E) None of these
ANS (A)
8. Who amongst the following established the “Anandvan” a rehabilitation centre for Leprocy patients in Maharashtra ?
(A) Baba Amte
(B) Pandurang Shashtri Athawle
(C) Medha Patkar
(D) Asaram Bapu
(E) None of these
ANS (A)
9. Thaksin Shinawatra’s name is associated with which of the follwing countries ?
(A) Singapore
(B) Thailand
(C) North Korea
(D) Soth Korea
(E) None of these
ANS (B)
10. Who amongst the following agreed to supply aircraft carrier “Gorshkov” to India for its defense services ?
(A) Russia
(B) France
(C) Germany
(D) Italy
(E) None of these
ANS (A)
11. Bhupen Hazarika is the recipient of the life time achievement award and is provided the status of the cabinet minister . Which of the following Stae Govt. has honoured him in this manner ?
(A) Orissa
(B) Assam
(C) West Bengal
(D) Maharashtra
(E) None of these
ANS (B)
12. Who amongst the following is the recipient of the “Kishore Kumar Award” given by the Madhya Pradesh Govt. ?
(A) Shabana Azmi
(B) Amitabh Bachchan
(C) Manoj Kumar
(D) Dev Anand
(E) None of these
ANS (C)
13.The Under -19 Cricket world cup 2008 was won by which of the following contries ?
(A) Malysia
(B) India
(C) Pakistan
(D) Australia
(E) England
ANS (B) India defeated South Africa in the final match by seven runs.
14. Who amongst the following was the chief guest in India’s Republic Day Function ?
(A) Samak Sundaravej
(B) Gordon Brown
(C) Boris Tadic
(D) Nikolas Sarkozy
(E) None of these
ANS (E)
15. Who amongst the following is the recipient of Padma Vibhushan given away recently ?
(A) Anu Malik
(B) Shan
(C) Asha Bhosle
(D) Sonu Nigam
(E) None of these
ANS (C)
16. Which of the following Staes tops in primary ,upper primary education in India ?
(A) Tamilnadu
(B) Haryana
(C) Gujarat
(D) Kerala
(E) None of these
ANS (D)
17. The 11th five year paln wishes to raise the existing 2% growth in agriculture and allied activities to which of the following levels by the year 2012 ?
(A) 8%
(B) 6%
(C) 5%
(D) 4%
(E) None of these
ANS (D)
18. As a policy the Reserve Bank of India wishes to contain inflation at which of the following levels ?
(A) 5%
(B) 4.5%
(C) 4%
(D) 6%
(E) None of these
ANS (A)
19. World Day of Water is observed on which of the following days ?
(A) March 22
(B) February 22
(C) January 22
(D) May 22
(E) None of these
ANS (A)
20. Who amongst the following players has completed 16000 runs in One Day International Cricket matches recently ?
(A) Anil Kumble
(B) Rahul Dravid
(C) Saurav Ganguly
(D) Irfan Pathan
(E) Sachin Tendulkar
ANS (E)
21. Why was the name of Anatolyevic Medvedev in news recently ?
(A) He has taken over as the president of Russia
(B) He has taken over as the prime minister of Russia
(C) He is the new president of South Korea
(D) He is the new prime minister of South Korea
(E) None of these
ANS (A)
22. International Desert Festival 2008 was organized in February 2008 in —
(A) Bhuj Ganganagar
(B) Ganganagar
(C) Bikaner
(D) Jaisalmer
(E) None of these
ANS (D)
23. The first ever Youth Olympic Games are scheduled to be held in 2010. These games will be orgsnized in –
(A) Moscow
(B) New Delhi
(C) Beijing
(D) Quala Lumpur
(E) None of these
ANS (E) The first ever Youth Olympic Games are scheduled to be held in 2010 in Singapore.
24. Who amongst the following has taken over as the president of Serbia ?
(A) Raul castro
(B) Stefen Spielberg
(C) Boris Tadic
(D) Jose Manual Ramos Horta
(E) None of these
ANS (C)
25. The general election in Iran are due in 2008. Iran elects its parliament for a period of —
(A) 2 years only
(B) 3 years only
(C) 4 years only
(D) 5 years only
(E) 6 years only
ANS (C)
26. Luciana Aymar who aws adjudged the world hockey player 2007 is from which of the following countries ?
(A) Germany
(B) Argentina
(C) Italy
(D) Russia
(E) None of these
ANS (B)
27. which of the following State Government has decided to provide ownership rights to Tribal over forest land being cultivated by them since last 10 years ?
(A) Madhya Pradesh
(B) Uttar Pradesh
(C) Maharashtra
(D) Andhra Pradesh
(E) None of these
ANS (A)
28. Which of the following committees recommended the revival of Cooperative Credit Institutions in States ?
(A) Vaidyanathan Committee
(B) Rangrajan Committee
(C) Sachchar Committee
(D) Rakesh Mohan Committee
(E) None of these
ANS (A)
29. As we all know the Chinese economy is a booming economy and its export have played a significant role in it. What was the share of China’s Export as compared to its GDP in 2007 ?
(A) 20%
(B) 30
(C) 40%
(D) 50%
(E) None of these
ANS (C)
30. Delhi won the Ranji Trophy for the seventh time in January 2008 by defeating ——-
(A) Railways
(B) Haryana
(C) Mharashtra
(D) Guajarat
(E) Uttar Pradesh
ANS (E)
31. Gagan Nrang , who got a silver medal in an International Championship held in Munich,is a/an —
(A) 100 metre runner
(B) Badminton Player
(C) Chess Player
(D) Swimmer
(E) Air Fifle Shooter
ANS (E)
32. As per the decision taken by the Govt. of India two financial inclusion funds are set up with an overall corpus of Rs. 500 Crore each. These funds- financial inclusion fund and financial inclusion technology funds are to be set up by the initial contribution made by the –
(A) SIDBI,NABARD & UTI
(B) NABARD,UTI & RBI
(C) Govt. of India,NABARD & RBI
(D) SIDBI,Govt. of India & IDBI Bank
(E) None of these
ANS (C)
33. As per the Govt. Policy the provision of the subsidy for interest subvention to Coopeartive Sugar Mills is done by which of the following agencies/organizations ?
(A) Commission for Agriculture cost & price
(B) Nationa Bank for Agriculture & Rural Development
(C) Ministry of Agriculture
(D) Natioanl Commission on Farmers
(E) None of these
ANS (B)
34. Banks these days have launched a new scheme product known as “Reverse Mortage” . The scheme is designed keeping which of the following groups of society in consideration ?
(A) Youngers who have just started earning
(B) Defense personnel whose life is always at high risk
(C) Senior Citizen
(D) Women who do not have independent source of income
(E) None of these
ANS (C)
35. Which of the following countries is governed by the Norweigen-mediated ceasefire Agreement to end its dispute with a group of rebellions ?
(A) Nepal
(B) Myanmar
(C) Afghanistan
(D) Sri Lanka
(E) None of these
ANS (D)
36. As per the news report SEBI has allowed short selling by FIs/MFs from ist February,2008 . What is “Short Selling” ?
(1) Selling of shares that the seller does not own at the time of trading
(2) Selling of shares on the same day or on the day they were alloted to the trader.
(3) Selling of shares on a much lower price due to turbulent market situations
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
ANS (A)
37. Prime minister os India on his visit to China a few months back signed a detailed agreement with the sama. What is/are the major highlights of the agreement ?
(1) Both the countries agreed to continue high level exchange of views. Indian President is invited to China.
(2) India to host joint millitary exercise in 2008.
(3) India has decided to raise the issue of Tibet in UNO. China has agreed for the same.
(A) Only 1
(B) Only 2
(C) Both 1 & 2
(D) Only 3
(E) All 1,2 & 3
ANS (C)
38. As per the reports in the leading newspapers Securities & Exchange Board of India (SEBI) has asked the Mutual Fund Industry to stop “MISSELLING” their scheme to investors. What is misselling of Products ?
(1) Misselling takes place when mutual funds are sold without telling the likely returns.
(2) When agents sell the products without telling investors what are the risk involved in investing in mutual funds.
(3) When agents invest somebody’s money in mutual funds without their knowledge , it is called Misselling.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
ANS (B)
39. The sensitive Index of the Bombay Stock Exchsange keeps on changing positively and negatively both. Which of the following is/are the main reasons which contributed for his sudden change in the same ?
(1) Higher GDP growth
(2) Continuous foreign funds flow
(3) High volume of forex reserves
(4) Only 1 Recession in USA
(A) Only 1 & 2
(B) Only 2 & 3
(C) Both 3 & 4
(D) Only 2
(E) All 1,2 ,3 & 4
ANS (B)
40. The USA , as reported in the leading newspapers is proceeding towards ‘recession’. What happens when an economy goes in the grip of ‘recession’?
(1) GDP growth slow down
(2) People lose their jobs
(3) Foreign exchange reserve goes up substantially as lot of loans/grants star pouring in .
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
ANS (D)

UNION BUDGET 2011-12 RELATED QUESTIONS

1) Who presented the Union Budget 2011-12 in the Parliament on February 28, 2011?
a) Manmohan Singh b) Pratibha Devisingh Patil c) Hamid Ansari d) D.Subbarao e) Pranab Mukherjee

2) The first Union budget of independent India was presented by?
a) R.K.Shanmukham Chetty b) Jawaharlal Nehru c) Morarji Desai d) Indira Gandhi
e) Manmohan Singh

3) Disinvestment Target for 2011-12 has been placed at?
a) Rs. 10000 crore b) Rs. 20000 crore c) Rs. 30000 crore d) Rs. 40000 crore
e) None of these

4) Foreign Institutional Investor-(FII) limit for investment in Indian corporate bonds raised from $20 billion to?
a) $30 billion b) $40 billion c) $50 billion d) $60 billion e) None of these

5) As per Union Budget 2011-12, Indian Micro Finance Equity Fund of Rs.100 crore to be created with?
a) SBI b)ICICI
c) NABARD d)IDBI e) SIDBI

6) Rural Infrastructure Develo-pment Fund (RIDF) was set up by the Government in?
a) 1995-96 b) 1996-97 c) 1997-98 d)1998-99 e) None of these

7) The corpus allocated for Rural Infrastructure Development Fund (RIDF) for 2011-12 is?
a) Rs.16000 b) Rs.17000 c) Rs.18000 d) Rs.19000 e) None of these

8) The target of credit flow to farmers has been raised from Rs.3,75,000 crore of 2010-11 to ……in 2011-12?
a) Rs.4,75,000 crore b) Rs.5,75,000 crore c) Rs.6,75,000 crore d) Rs.7,75,000 crore
e) None of these

9) Rural Infrastructure Develo-pment Fund (RIDF) is maintained by?
a) RBI b) SBI c) NABARD d) IDBI Bank e) None of these

10) Eligibility for pension under Indira Gandhi National Old Age Pension Scheme for BPL beneficiaries reduced from 65 years of age to?
a) 64 years b) 63 years c) 62 years d) 61 years e) 6o years

11) Exemption limit for the general category of individual taxpa-yers enhanced from 1,60,000 to?
a) 1,70,000 b) 1,80,000 c) 1,90,000 d) 2,00,000 e) None of these

12) As per Union Budget 2011-12, standard rate of Service Tax is?
a) 10 % b) 11 % c) 12 %d) 13 % e) None of these

13) As per Union Budget 2011-12, Defence allocation is?
a) 1.64 lakh crore b) 1.74 lakh crore c) 1.84 lakh crore d) 1.94 lakh crore e) None of these
14) In the Constitution of India, the Union Budget of India referred to as the?
a) Economic Survey b) Monetary and Credit Policy c) Foreign Trade Policy
d) Annual Financial Statement
e) None of these

15) Which of the following department is not a part of Finance Ministry of India?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e) Department of Industrial Policy & Promotion

16) Which Department principal responsibility is the prep-aration of the Union Budget annually (excluding the Railway Budget)?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e)Department of Financial Servies

17) Which of the following is a government body that offers a single window clearance for proposals on foreign direct investment in the country that are not allowed access through the automatic route?
a) Securities and Exchange Board of India
b) Reserve Bank of India
c) Export-Import Bank of India
d) Foreign Investment Promo-tion Board
e) Bombay Stock Exchange

18) The first woman Finance Secretary of India?
a) Sushma Nath
b)Shyamala Gopinath
c) Chanda Kochhar
d) Shikha Sharma
e) None of these

19) The only woman to hold the post of the finance minister of India?
a) Vijaya Lakshmi Nehru Pandit b) Sarojini Naidu
c) Rajkumari Amrit Kaur d) Indira Gandhi e)None of these

20) The Union Budget is always presented first in ?
a) Lok Sabha b) Rajya Sabha c) Joint Session of the Parliament d) State Assemblies
e) None of these

21) Which of the following presents the Economic Survey in the parliament every year, just before the Union Budget?
a) RBI b) Ministry of Finance c) Ministry of Commerce d) Planning Commission
e) Finance Commission

22) The financial year in India starts on?
a) 1st January b)1stMarch c) 1st April d) 1st July e) None of these

23) A fiscal year in India ends on?
a) February 28 b) March 31
c)April1 d)July1
e)December 31

24) A. Gross Tax receipts are estimated at 9,32,440 crore.
B. Non-tax revenue receipts estimated at 1,25,435 crore.
C. Total expenditure proposed at 12,57,729 crore.
D. Increase of 18.3 per cent in total Plan allocation.
E. Increase of 10.9 per cent in the Non-plan expenditure.
Which of the statements given above is/are correct?
a) A and B b) B and C
c) C and D d) D and E e) All of the above

25) A.Gross Domestic Product (GDP) estimated to have grown at 8.6 per cent in 2010-11 in real terms.
B. Government expects econo-my to grow at 9 % in 2011-12.
C. Fiscal Deficit target at 4.6% for 2011-12, down from 5.1% estimated for 2010-11.
D. Central Government debt estimated at 44.2 per cent of GDP for 2011-12 as against 52.5 per cent recomm-ened by the 13th Finance Commission.
E. 40,000 crore to be raised through disinvestment in 2011-12.
Which of the statements given above is/are correct?
a) A and B b) B and C
c) C and D d) D and E e) All of the above

26) A. Government committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings.
B. "India Microfinance Equity Fund" of ’100 crore to be created with SIDBI. Gover-nment considering putting in place appropriate regulatory framework to protect the interest of small borrowers.
C."Women's SHG's Develo-pment Fund" to be created with a corpus of ’ 500 crore.
D. Corpus of RIDF XVII to be raised from Rs. 16,000 crore to 20,000 crore.
E. 1,000 crore to be provided to SIDBI for refinancing incre-mental lending by banks to these enterprises.
Which of the statements given above is/are correct?
a) A and D b) A, B and C c) C and D d) D and E e) None of these

27) A.Allocation under Rashtriya Krishi Vikas Yojana (RKVY) increased from Rs. 6,755 crore to 7,860 crore.
B.Rs.10,000 crore to be contributed to NABARD's Short-term R-ural Credit fund for 2011-12.
C. Allocation for Bharat Nirman programme proposed to be increased by Rs.10,000 crore from the current year to Rs. 58,000 crore in 2011-12.
D. Rs. 21,000 crores for primary education to implement Sarva Shiksha Abhiyan.
E. Defence budget hiked to Rs. 1.64 lakh crore
Which of the statements given above is/are correct?
a) A and B b) B and C c) C and D d) D and E
e) All of the above

28) Consider the following statements:
1) Finance minister Pranab Mukherjee unveiled the Union Budget 2011-12 on February 28, 2011.
2) Economic Survey 2010-11 was presented in the Parliament on Feb 25, 2011.
3) India's Railway Minister Mamta Banerjee presented the new Railway Budget for the year 2011-12 in the parliament on February 25, 2011.
Which of the statements given above is/are correct?
a) 1 only b) 2 only
c) 3 only d) All of the above e) None of these

Answers:

1) e, 2) a, 3) d, 4) a, 5) e, 6) a, 7) c, 8) a, 9) c, 10) e, 11) b, 12) a, 13) a, 14) d, 15) e, 16) a, 17) d, 18) a, 19) d, 20) a, 21) b, 22) c, 23) b, 24) e, 25) e, 26) b, 27) e, 28) d

SOCIO ECONOMIC DEVELOPMENT OBJECTIVE QUESTIONS

1. Which is not the characteristic of socialist or planned economy ?
(A) Government is the owner of resources
(B) Production decisions are determined by the government
(C) Profit motive
(D) None of the above
Ans : (C)

2. The main feature of mixed economy is—
(A) Combination of free market economy and centrally planned economy
(B) Production is carried out by private individuals and government
(C) Both of the above
(D) None of the above
Ans : (C)

3. What per cent of GDP at 2004-05 prices was contributed by agriculture and related sectors in 2009-10 ?
(A) 14.6%
(B) 17.6%
(C) 19.0%
(D) 19.8%
Ans : (A)

4. According to World Development Report 2010, Low income economies are those whose per-capita gross national income is—
(A) $ 975 or less than this
(B) Less than $ 11905
(C) Less than $ 4526
(D) None of the above
Ans : (A)

5. Which of the following country's economy is known as high income economy ?
(A) America
(B) U.K.
(C) Singapore
(D) All of the above
Ans : (D)


6. How much percentage of working population in India depends on agriculture as per economic survey 2009-10 ?
(A) 52%
(B) 70%
(C) 73%
(D) 75%
Ans : (A)

7. Which policy of economic system has been adopted by India for its economic development ?
(A) Capitalist Economy
(B) Mixed Economy
(C) Socialist Economy
(D) Centralised Planned Economy
Ans : (B)

8. A positive aspect of economic development after independence is—
(A) Creation of a large industrial base
(B) Proportion of population living below poverty line has declined
(C) Self sufficient in the production of food grains
(D) All of the above
Ans : (D)

9. The negative aspect of economic development after independence is—
(A) Problems of poverty and unemployment have not been eliminated
(B) Industrialisation did not take place as expected
(C) Many public sector enterprises started making losses
(D) All of the above
Ans : (D)

10. Reasons for the privatisation and liberalisation of public sector after 1991 are—
(A) Corruption
(B) Lack of efficiency in work
(C) Ineffective management
(D) All of the above
Ans : (D)

11. The main strategy adopted in the new economic policy of 1991 is—
(A) Liberalisation
(B) Privatisation
(C) Globalisation
(D) All of the above
Ans : (D)

12. How many industries have been reserved for government sector at present ?
(A) 03
(B) 04
(C) 05
(D) 06
Ans : (A)

13. How many industries are kept for compulsory licensing at present ?
(A) 03
(B) 06
(C) 05
(D) 07
Ans : (C)

14. Agriculture sector registered 1.6% growth in 2008-09 and what is estimated for 2009-10 ?
(A) 6%
(B) 4.3%
(C) 0.2%
(D) 0.9%
Ans : (C)

15. When was World Trade Organisation set up by the member countries of the united Nations to promote trade among countries ?
(A) 1994
(B) 1995
(C) 1999
(D) 2005
Ans : (B)

16. Where is the Headquarter of WTO located ?
(A) Newyork
(B) Washington
(C) Peris
(D) Geneva
Ans : (D)

17. The main objective of WTO is—
(A) Import and export restrictions to be abolished
(B) Instead of bilateral agreements, WTO expects the countries to follow multilateral agreements
(C) To regulate international trade of both goods and services
(D) All of the above
Ans : (D)

18. The largest source of National Income in India is—
(A) Agriculture Sector
(B) Industry Sector
(C) Service Sector
(D) Trade Sector
Ans : (C)

19. In which state the percentage of people living below poverty line is largest ?
(A) Orissa
(B) Bihar
(C) M.P.
(D) U.P.
Ans : (A)

20. Which of the following programmes is not for rural poverty eradication ?
(A) SGSY
(B) SJSRY
(C) PMGY
(D) All above programmes are for rural poverty eradication
Ans : (B)

21. The cause of rise in prices of goods, in the market is—
(A) Rise in money supply
(B) Increase in cost of production
(C) Increase in stocks of goods and blackmarketing
(D) All of the above
Ans : (D)

22. Changes in the prices of goods in India is measured by which of the following index numbers ?
(A) Wholesale Price Index (WPI)
(B) Consumer Price Index (CPI)
(C) Both of above
(D) None of these
Ans : (C)

23. Which year has been currently used as the base year to estimate national income in India by CSO ?
(A) 2004-05
(B) 1993-94
(C) 2001-02
(D) 1999-2000
Ans : (A)

24. Which of the following remedies are adopted to control price rise in the economy ?
(A) Monetary measures
(B) Fiscal measures
(C) Administered price mechanism
(D) All of the above
Ans : (D)

25. The term “Evergreen Revolution” has been used for increasing agricultural production in India by—
(A) Norman Barlogue
(B) Raj Krishna
(C) M. S. Swaminathan
(D) R. K. V. Rao
Ans : (C)

SOCIO ECONOMIC DEVELOPMENT OBJECTIVE QUESTIONS

1. “An Enquiry into the Nature and Causes of Wealth of Nations” is the book of economist—
(A) Adam Smith
(B) Marshall
(C) Robbins
(D) None of above
Ans : (A)

2. “Economics is the Science of Wealth” who gave this definition ?
(A) J. K. Mehta
(B) Marshall
(C) Adam Smith
(D) Robbins
Ans : (C)

3. “Economics is what economists do.” It has been supported by—
(A) Richard Jones
(B) Comte
(C) Gunnar Myrdal
(D) All of the above
Ans : (D)

4. “Human Welfare is the subject of Economics.” This statement is associated with the name of which of the economists ?
(A) Marshall
(B) Pigou
(C) Penson
(D) All of the above
Ans : (D)

5. Who has given scarcity definition of economics ?
(A) Adam Smith
(B) Marshall
(C) Robbins
(D) Robertson
Ans : (C)


6. “Economics is a science” the basis of this statement is—
(A) Relation between cause and effect
(B) Use of deductive method and inductive method for the formations of laws
(C) Experiments
(D) All of the above
Ans : (D)

7. Characteristics of economic laws are—
(A) Mere statements of economic tendencies
(B) Less certain
(C) Hypothetical
(D) All of the above
Ans : (D)

8. Which theory is generally included under micro economics ?
(A) Price Theory
(B) Income Theory
(C) Employment Theory
(D) None of the above
Ans : (A)

9. Whose opinions have revolutionised the scope of macro economics ?
(A) Adam Smith
(B) J.B. Say
(C) J.M. Keynes
(D) All of the above
Ans : (C)

10. Which of the following is an economic activity ?
(A) Teaching of a teacher in the school
(B) To teach son at home
(C) To serve her child by mother
(D) To play football by a student
Ans : (A)

11. Passive factor of production is—
(A) Only land
(B) Only capital
(C) Both land and capital
(D) Neither land nor capital
Ans : (C)

12. Under law of demand—
(A) Price of commodity is an independent variable
(B) Quantity demanded is a dependent variable
(C) Reciprocal relationship is found between price and quantity demanded
(D) All of the above
Ans : (D)

13. For inferior commodities, income effect is—
(A) Zero
(B) Negative
(C) Infinite
(D) Positive
Ans : (B)

14. When total utility becomes maximum, then marginal utility will be—
(A) Minimum
(B) Average
(C) Zero
(D) Negative
Ans : (C)

15. Utility means—
(A) Power to satisfy a want
(B) Usefulness
(C) Willingness of a person
(D) Harmfulness
Ans : (A)

16. Marginal utility is equal to average utility at that time when average utility is—
(A) Increasing
(B) Maximum
(C) Falling
(D) Minimum
Ans : (B)

17. At point of satiety, marginal utility is—
(A) Zero
(B) Positive
(C) Maximum
(D) Negative
Ans : (A)

18. Which of the following is the second law of Gossen ?
(A) Law of equi-marginal utility
(B) Law of equi-product
(C) Theory of indifference curve
(D) Law of diminishing marginal utility
Ans : (A)

19. Total utility of a commodity is measured by which price of that commodity ?
(A) Value in use
(B) Value in exchange
(C) Both of above
(D) None of above
Ans : (A)

20. According to Marshall, the basis of consumer surplus is—
(A) Law of diminishing marginal utility
(B) Law of equi-marginal utility
(C) Law of proportions
(D) All of the above
Ans : (A)

21. Which commodity can be called as Giffen commodity ?
(A) Inferior commodity
(B) Superior commodity
(C) Any of above
(D) None of the above
Ans : (A)

22. The price of a commodity is determined where—
(A) Demand supply
(B) Demand supply
(C) Demand = supply
(D) None of the above
Ans : (C)

23. In perfect competition, the demand for a commodity is—
(A) Elastic
(B) Perfectly elastic
(C) Inelastic
(D) Perfectly inelastic
Ans : (B)

24. Which condition is not found in perfect competition ?
(A) Many buyers and sellers
(B) Perfect knowledge about market conditions
(C) Product differentiation
(D) Perfect factor-mobility
Ans : (C)

25. In which market, a firm cannot determine price ?
(A) Perfect competition
(B) Monopoly
(C) Monopolistic competition
(D) Oligopoly
Ans : (A)

SOCIO ECONOMIC DEVELOPMENT OBJECTIVE QUESTIONS

1. When was Consumer Protection Act enacted ?
(A) 1980
(B) 1985
(C) 1986
(D) 1991
Ans : (C)

2. When was Planning Commission formed ?
(A) March 15, 1950
(B) March 15, 1951
(C) August 15, 1947
(D) January 26, 1950
Ans : (A)

3. Planning Commission is—
(A) A statutory body
(B) A consultative body
(C) Both of above
(D) None of these
Ans : (B)


4. Who is the Chairman of Planning Commission ?
(A) President
(B) Prime Minister
(C) Finance Minister
(D) Home Minister
Ans : (B)

5. Who is the Deputy Chairman of Planning Commission ?
(A) Montek Singh Ahluwalia
(B) C. Rangrajan
(C) K. C. Pant
(D) None of the above
Ans : (A)


6. Who was the first Chairman of Planning Commission ?
(A) Jawahar Lal Nehru
(B) Raja Gopala Chari
(C) Mahatma Gandhi
(D) None of the above
Ans : (A)

7. Which of the following is the function of Planning Commission ?
(A) To estimate various resources of the country
(B) To prepare plan for the balanced and effective use of resources
(C) To review plan
(D) All of the above
Ans : (D)

8. When was National Development Council formed ?
(A) 15th March, 1950
(B) 6th August, 1951
(C) 6th August, 1952
(D) 26th January, 1950
Ans : (C)

9. Who becomes the Chairman of National Development Council ?
(A) President
(B) Prime Minister
(C) Finance Minister
(D) Minister of Planning
Ans : (B)

10. Final shape is given to plan by—
(A) Planning Commission
(B) Finance Minister
(C) National Development Council
(D) None of the above
Ans : (C)

11. When was first five year plan introduced ?
(A) 1st April, 1950
(B) 1st April, 1951
(C) 1st April, 1952
(D) 31st March, 1950
Ans : (B)


12. When was 10th five year plan introduced ?
(A) 1st April, 2002
(B) 1st April, 2003
(C) 1st April, 2004
(D) None of the above
Ans : (A)

13. Eleventh Five Year Plan Size (Centre Plus States) as percentage of GDP is—
(A) 9.46%
(B) 13.54%
(C) 15.25%
(D) 14.76%
Ans : (B)

14. What is the period of 11th five year plan ?
(A) 2006-2011
(B) 2007-2012
(C) 2008-2013
(D) 2009-2014
Ans : (B)

15. What is the revised target fixed for annual rate of growth of GDP during 11th five year plan ?
(A) 9%
(B) 8.1%
(C) 10%
(D) 10.5%
Ans : (B)

16. For which year the latest census is being conducted in India ?
(A) 2001
(B) 2010
(C) 2012
(D) 2011
Ans : (D)

17. How many censuses (including the 2011 census) have been carried out since independence ?
(A) 05
(B) 06
(C) 07
(D) 08
Ans : (C)

18. At what interval of years population census is conducted in India ?
(A) 05 years
(B) 06 years
(C) 10 years
(D) 15 years
Ans : (C)

19. When was first human development report of India issued ?
(A) March 2000
(B) April 2002
(C) June 2002
(D) April 2001
Ans : (B)

20. In which religion largest population growth was noticed during 1991-2001 ?
(A) Hindu
(B) Muslim
(C) Christian
(D) Sikhs
Ans : (B)

21. According to population census 2001, population of India as on March 1, 2001 was—
(A) 102•87 crore
(B) 100•20 crore
(C) 99 crore
(D) 98 crore
Ans : (A)

22. In which of the following states the percentage of scheduled caste population is maximum as per final figures of population census 2001 ?
(A) Uttar Pradesh
(B) Madhya Pradesh
(C) Kerala
(D) Punjab
Ans : (D)

23. In which state the literacy rate of women is highest ?
(A) Tamil Nadu
(B) Kerala
(C) Mizoram
(D) West Bengal
Ans : (B)

24. According to population census 2001, which of the following states shows largest growth of population during 1991-2001 ?
(A) M.P.
(B) Manipur
(C) Rajasthan
(D) Nagaland
Ans : (D)

25. According to population census 2001, what is the number of women per 1000 men in India ?
(A) 939
(B) 959
(C) 933
(D) 927
Ans : (C)