a. IRDA
b. SEBI
c. RBI
d. PFO
Answer: (a)
2. Propelled by higher crude petroleum and steel production, the index of the six ‘core' infrastructure industries registered 6.8 per cent higher growth in March 2011 compared to March 2011. What percentage growth did the index record?
a. 7.4%
b. 7.1%
c. 7.5%
d. 7.34%
Answer: (a)
3. The Annual Monetary Policy for 2011-12 was presented by RBI Governor D.Subbarao on 3 May 2011. With regard to the monetary policies mention which of the following is/are not correct?
1. RBI increased the repo rate under the liquidity adjustment facility (LAF) by 50 basis points from 6.75 per cent to 7.25 per cent with immediate effect.
2. The Marginal Standing Facility (MSF) rate, determined with a spread of 100 basis points above the repo rate, stands calibrated at 8.75 per cent.
3. The Bank Rate has been retained at 5.0 per cent.
4. Reserve Bank of India (RBI) in May 2011 decided to accept the broad framework of regulations recommended by the Malegam Committee report on micro finance institutions (MFIs)
a. 3 & 4
b. 1 & 4
c. 2 & 3
d. 1 & 3
Answer: (c)
4. The Reserve Bank of India (RBI) capped bank investments into liquid schemes to what per cent of the bank’s net worth?
a. 15%
b. 10%
c. 12%
d. 13.2%
Answer: (b)
5. Which Industry Body proposed setting up of National Knowledge Functional Hub (NKFH) to engage higher educational institutions with the industry in order to produce quality engineering graduates and meet increasing requirement of skilled hands in the market?
a. Food Corporation of India
b. Federation of Indian Chambers of Commerce and Industry
c. Biotechnology Council of India
d. Confederation of Indian Industries
e. ASSOCHAM
Answer: (b)
6. Which body in India demanded on 24 April 2011 introduction of financial support through legislation for preventing corrosion of machines, pipelines and industrial structures?
a. Confederation of Indian Industry
b. Indian Ministry of Commerce
c. Competition Commission of India
d. Indian Chamber of Commerce
Answer: (a)
7. Which of the following bodies in April 2011modified the norms for appointment of its internal auditor?
a. SEBI
b. PFRDA
c. IRDA
d. India Inc
Answer: (a)
8. According to the data released by Central Electricity Authority, India generated 811 billion units of electricity in 2010-11 fiscal marginally lower than the set target. What was the target set for electricity generation for 2010-11?
a. 830 billion units
b. 830.8 billion units
c. 815 billion units
d. 818 billion units
Answer: (b)
9. Market regulator SEBI on 25 April 2011 sought more time from the Supreme Court to give its views on the report of a high-powered committee that probed case that dates back to 2006. Name the scam being referred to.
a. IPO scam
b. Telgi Stamp Paper Scam
c. UTI Scam
d. Madhu Coda Scam
Answer: (a)
10. National Association of Software and Services Companies (NASSCOM) on 26 April 2011 announced which of the following individual’s appointment as its Chairman?
a. Rajendra S. Pawar
b. Harsh Manglik
c. N. Chandrasekaran
d. Ganesh Natarajan
Answer: (a)
11. The Reserve Bank of India on 26 April 2011 fined 19 banks, including the country's top private and foreign banks for violating its guidelines on derivatives. Which is the only public sector bank on the list of banks to be fined?
a. State bank of India
b. Punjab National Bank
c. Bank of India
d. Indian Bank
Answer: (a)
12. The Reserve Bank of India on 18 April 2011 formed a conglomerate cell within its supervisory set-up to keep a constant vigil on 12 large domestic and foreign banks. Which one of these banks will not come under the prescribed supervisory vigil?
a.State Bank of India
b. Bank of India
c. Bank of Baroda
d. Canara Bank
e. Punjab National Bank
Answer: (d)
13. Power equipment maker Bharat Heavy Electricals (BHEL) on 19 April 2011 announced that its consortium with Alstom won Rs 1,600 crore contract for steam turbine generators for which nuclear power station in India?
a. Kakrapur Nuclear Power Station
b. Kalpakkam Nuclear Power Station
c. Kudankulam Nuclear Power Plant
d. Jaitapur Nuclear Power Project
Answer: (a)
14. Oil regulator Directorate General of Hydrocarbons (DGH) refused to which companies’ spending on KG-D6 gas fields?
a. Reliance Industries
b. ONGC Videsh
c. Essar Oil
d. Mangalore Refinery and Petrochemicals Limited
Answer: (a)
15. Which of the following PSUs was honoured with the Outstanding PSU of the Year award by All India Management Association on 21 April 2011?
a. GAIL India
b. ONGC
c. Bharat Heavy Electricals Ltd.
d. Indian Oil Corporation Ltd.
Answer: (a)
16. Which public sector bank decided to do away with the teaser home loan scheme beginning 30 April 2011?
a. State Bank of India
b. Bank of India
c. Union Bank
d. Punjab National Bank
Answer: (a)
17. Read the sentences with respect to the Telecom Policy 2011.
1. Telecom Policy 2011 was unveiled by the Communications and IT Minister, Kapil Sibal on 11 April 2011.
2. The decision to move to a uniform licence fee in the telecom sector was also pronounced in the policy.
3. The norms concerning merger and acquisition (M&A) mentioned that the minimum number of operators will not be allowed to fall below eight at any point in time in each circle.
4. The policy highlighted formation of a committee, under the chairmanship of retired Supreme Court judge Shivraj Patil to draft the Telecom Act.
Which of the above mentioned facts are not true about Telecom Policy 2011?
a. 1,2 & 3
b. 3 & 4
c. 1 & 2
d. 2 & 3
Answer: (b)
18. Indian Finance Ministry on 11 April decided to issue biometric PAN cards to taxpayers across the country to erase the problem of duplicate and fake ones. Which Indian Finance Minister has first proposed the biometric PAN card?
a. Pranab Mukherjee
b. P Chidambaram
c. Jaswant Singh
d. Yashwant Sinha
Answer: (b)
19. Which industry body representing GSM players announced in April 2011 its decision to combine forces with the government to ensure wide scale spread of mobile broadband?
a. Cellular Operators Association of India
b. Cellular Rights Association
c. TRAI’s Cellular Arm
d. DIT
Answer: (a)
20. The 218-km Chainsa-Sultanpur-Neemrana pipeline was commissioned on 9 April 2011. Which of the following built the pipeline?
a. RIGZONE
b. GAIL (India)
c. High - Tech Group of Companies
d. Max Engineering
Answer: (b)
21. According to global research group Gartner, the Indian domestic BPO market is projected to grow by 23% and reach which of the following figures in the current financial year 2011?
a. $1.69 billion
b. $1.4 billion
c. $2.47 billion
d. $1.1 billion
Answer: (b)
22. Which are the two Gujarat-based cooperative sector lenders on which Reserve bank of India imposed a financial penalty of Rs 1 lakh each for violation of various rules, including anti-money laundering guidelines?
1. Shree MahalaxmiMercantile Co-operative Bank
2. Rander People's Co-operative Bank
3. Abad District Co Op Bank
4. Ahd Mercantile Co-Op Bank Ltd
a. 1 & 2
b. 2 & 3
c. 1 & 4
d. 3 & 4
Answer: (a)
23. In view of the Intelligence Bureau’s report, Department of Telecommunications in April 2011requested to advice the Telecom Service Providers not to launch proposed pushmail/powermail service of which of the following?
a. HTC
b. Blackberry
c. Nokia
d. Apple’s iphone
Answer: (c)
24. Which of the following steel plants in India achieved record production of 5.71 million tonnes (mt) of hot metal (a 6.3 per cent growth over 2009-10), 5.33 mt of crude steel (4.3 per cent) and 4.57 mt of saleable steel (4.3 per cent)?
a. Bhillai Steel Plant
b. Rourkela Steel Plant
c. Bokaro Steel Plant
d. Salem Steel Plant
Answer: (a)
25. The Department of Information Technology (DIT) on 5 April 2011 published a draft policy on which of the following to enable the government departments to provide services, including payment of utility bills and filing of tax with the use of a medium?
a. Mobile governance
b. E-governance
c. Service Delivery Gateway
d. Applications Inter-operability
Answer: (a)
26. Engineering and construction major L&T announced that it has achieved financial closure for which of the following with the help of 10-bank consortium led by SBI pitching in with Rs 11478 crore debt?
a. Kolkata Metro Rail Project
b. Pune Metro Project
c. Delhi Metro project
d. Hyderabad Metro Rail project
Answer: (d)
27. At the National Conference on Kharif Strategies, Agriculture Minister Sharad Pawar on 6 April 2011 mentioned that India has achieved an all-time high production of foodgrains. What was the estimation regarding foodgain production in 2010-11?
a. 235.88 million tonnes
b. 215 million tonnes
c. 261.34 million tonnes
d. 222.66 million tonnes
Answer: (a)
28. 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
Answer: (b)
29. 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
Answer: (a)
30. Record food grain production helped to reduce to 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%
Answer: (a)
31. Read the following statements regarding FSLRC
1. Indian government on 24 March 2011 constituted 11member Financial Sector Legislative Reforms Commission (FSLRC).
2. The 11-member commission will be headed by former PFRDA Chairman D Swarup.
3. The commission will examine the architecture of the legislative and regulatory system governing the financial sector in India.
4. It will study the interplay of exchange controls under SEBI and IRDA Policy with other regulatory regimes within the financial sector.
Which of the above mentioned statements are not true?
a. Only 4
b. 2 & 4
c. 3 & 4
d. Only 3
Answer: (b)
32. The Indian government in end March 2011 announced its decision to create Rs 2,500-crore corpus for technology modernisation of which of the following by 2012?
a. Handloom sector
b. Micro, small and medium units
c. Horticulture sector
d. Dairy
Answer: (b)
33. National Thermal Power Corporation (NTPC Ltd) and Indian Ministry of Power signed Memorandum of Understanding (MOU) for the year 2011-12 on 27 March in New Delhi. What is the current total installed capacity of NTPC?
a. 33694 MW
b. 31684 MW
c. 35321 MW
d. 46099 MW
Answer: (a)
34. The Cabinet Committee on Economic Affairs cleared two major foreign direct investment (FDI) proposals including that of Hero Investments Pvt. Ltd. (HIPL), a part of the Hero Group, and Reckitt Benckiser's plan. What is the total worth of the FDI proposals cleared by the government?
a. Rs 7800 crore
b. Rs 7850 crore
c. Rs 8100 crore
d. Rs 8800 crore
Answer: (a)
35. Commodity exchange regulator Forward Markets Commission (FMC) in March end 2011 finally agreed to give six more months to which of the following bourses to resurrect its equity structure?
a. MCX
b. NCDEX
c. NMCE
d. NSE
Answer: (c)
36. Tehri Hydro Development Corporation (THDC) India Ltd commissioned the first unit of its 400-Mw Koteshwar hydel project in March 2011.Koteshwar Hydro-Electric Project is located 22 Km downstream of Tehri Dam on which of the following rivers?
a. Bhagirathi
b. Alaknanda River
c. Mandakini River
d. Dhauliganga River
Answer: (a)
37. According to the Engineering Export Promotion Council (EEPC) data by what percentage did engineering export grow in month of February 2011?
a. 72.3%
b. 75%
c. 75.7%
d. 77.4%
Answer: (b)
38. Based on the recommendations of FIPB the Indian Government on 23 March 2011 approved 14 Foreign Direct Investment proposals and 27 proposals. What is the total worth of the FDI proposals accepted by the government?
a. Rs 1289 crore
b. Rs 1500 crore
c. Rs 1342 crore
d. Rs 1100 crore
Answer: (a)
39. The finance ministry has opposed the Reserve Bank of India’s suggestion to restrict foreign direct investment in new banks. RBI had restricted foreign direct investment in new banks to what percentage?
a. 43%
b. 43.22%
c. 45.7%
d. 49%
Answer: (d)
40. Consider the following statements-
1. CAG in March 2011 sent a questionnaire consisting 40 questions to the telecom ministry on 2G spectrum allocation scam and other developments in the sector.
2. The department of telecom (DoT) was asked as to why the spectrum (radio waves) allocation was not delinked from the licence as it was known that spectrum was scarce vis-a-vis the demand.
3. The Parliamentary panel wanted to know whether DoT consulted telecom regulator TRAI regarding the “No Cap” recommendation on number of operators in a circle.
4. The loss incurred by the exchequer as a result of the 2G scam is estimated to be Rs 185379 crore
Which of the above mentioned statements related to the 2G scam is true?
a. All of the above statements
b. 1 & 4
c. 2 & 3
d. 2 & 4
Answer: (c)
41. Which of the following bodies ordered restriction on transmitting unauthenticated news by brokers and wealth managers on blogs and mobile phones in an effort to prevent stock manipulation through rumours?
a. RBI
b. IRDA
c. FIPB
d. SEBI
Answer: (d)
42. 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
Answer: (b)
43. 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
Answer: (a)
44. Union Finance Minister Pranab Mukherjee on 11 March 2011 announced in Lok Sabha an increase in the allocation under the Members of Parliament Local Area Development Scheme (MPLAD) Scheme from Rs.2 crore to Rs.5 crore per Member. When was the MPLAD scheme introduced?
a. 1990
b. 1991
c. 1992
d. 1993
Answer: (d)
45. Union Minister of Finance Pranab Mukherjee declared in the Lok Sabha on 11 March 2011 the extension of the existing Interest Subvention Scheme of providing short term loans to farmers at 7% interest with additional interest subvention for timely repayment to which of the following group?
a. Small scale entrepreneurs
b. Cottage industries & handicraft professionals
c. Fishermen
d. Horticulturists
Answer: (c)
46. Indian agriculture needs Rs 108000 crore to fight climate change in the next five years to ensure food for all at a reasonable price by 2020. National Mission for Sustainable Agriculture is implemented under which of the following?
a. NABARD
b. Bharat Nirman
c. Prime Minister's National Action Plan on Climate Change
d. Accelerated Fodder Development Programme
Answer: (c)
47. Read the following sentences with regard to NSIC.
1. National Small Industries Corporation (NSIC) is a public sector undertaking under the ministry of micro, small and medium enterprises (MSME).
2. NSIC was awarded the Mini Ratna status by the Indian Governmnet on 3 March 2011.
3. NSIC has a marked presence both in the service as well as the manufacturing sectors.
4. NSIC acts as a facilitator to promote small industries through various user-friendly and demand-driven schemes
Which of the following sentence/sentences is/are not true with regards to NSIC?
a. Only 3
b. 1 & 3
c. Only 2
d. 2 & 4
Answer: (a)
48. In February 2011 imports rose to $31.70 billion, up 21.2 per cent over the same period in 2010 while exports rose 49.8 per cent to $23.60 billion. What was the trade deficit in February 2011?
a. (-)8.1 billion
b. (-)8 billion
c. (-)8.3 billion
d. (-)8.8 billion
Answer: (a)
496. The Reserve of India on 17 March 2011 increased the interest rate at which it injects liquidity into the banking system by 25 basis points to 6.75 per cent (repo rate). It also revised its inflation projection for March-end 2011 from 7 % to _?
a. 7.3
b. 7.5
c. 7.5
d. 8
Answer: (d)
50. As per the official data released by TRAI on 9 March 2011, which state in MNP Zone-2 recorded the maximum number of request for mobile number portability by end of February 2011?
a. Tamil Nadu
b. Karnataka
c. West Bengal
d. Assam
Answer: (b) Karnataka
51. The Enforcement Directorate has booked Pune-based real estate agent and stud farm owner Hasan Ali Khan under section 3 of the Prevention of Money Laundering Act (PMLA), 2002. When did PMLA come into existence?
a. 2000
b. 2002
c. 2005
d. 1999
Answer: (c) 2005
52. The e-commerce portal of India Post, was launched by Union Minister Kapil Sibal on 9 March 2011 provide postal services online. Which among the following is the correct name of the portal?
a. e-post office
b. e-post service
c. e-postal services
d. India Post e-commerce
Answer: (a) e-post office
53. Steel tycoon Lakshmi Mittal overtook Mukesh Ambani to become the wealthiest Indian as per the annual Forbes list of World Billionaires for 2011. What is Lakshmi Mittal’s ranking in the list?
a. Fourth
b. Sixth
c. Ninth
d. Eleventh
Answer: (b) Sixth
54. According to the Economic Survey of India 2010-11, Forex Reserves estimated at __ US dollars.
a) 297.3 billion US dollars
b) 245.6 billion US dollars
c) 285.4 billion US dollars
d) 113.2 billion US dollars
Answer: (a) 297.3 billion US dollars
55. Consider the following statements regarding the Economic Survey of India 2010-11.
i) Agriculture likely to grow at 5.4% in 2010-11
ii) Trade Gap narrowed to 82.01 billion US dollars in April-December 2010
iii) 59% rise in Bank Credit
Please choose the right option:
a) All the three statements i, ii and iii are correct ; b) only I and ii are correctb) All three statements are wrong ; d) only i) is correct
Answer: (a) All three Statements i, ii and iii are correct
56. India’s External debt stood at 295.8 billion US dollars at the end of September 2010, recording an increase of 33.5 billion US dollars ove the level of end-March 2010. The rise in debt was largely due to
i) Higher Commercial borrowings; ii) Short-term trade credits
iii) Multilateral government borrowings
Please choose the right option:
a) Only i b) only i and iib) Only i and iii ; d) All I,ii and iii
Answer: (d) All i, ii and iii
57. Consider the following statements:
1. India’s exports crossed the USD 200 billion mark in the first eleven months of the 2010-11 fiscal.
2. The trade gap for the first 11 months of the financial year 2010-11 stood at USD 97.1 billion.
3. African countries and Japan were the traditional markets for Indian exporters during the 2010-11.
4. The current forecast for the 2011-12 is USD 230-235 billion.
Which of the statement given above is not correct?
a.1
b. 2
c. 3
d.4
Answer: (c) 3
58. According to the Economic survey 2010-11 what percentage growth was recorded by the manufacturing sector in 2010?
a. 9.1%
b. 8.6%
c. 7.3&
d. 8%
Answer: (a)
59. As per the economic Survey of India 2010-11, the production of food grains is estimated at over 232 million tonnes with record production of which food crop?
a. Rice
b. Wheat
c. Bajra
d. Maize
Answer: (b)
60. What is the percentage growth of GDP predicted by The Economic Survey for the financial year 2010-11?
a. 8.6%
b. 8.3%
c. 8%
d. 9.1%
Answer: (a)
61. The Economic Survey estimated the Forex reserves of India at over 297 billion US dollars. The surge in Forex is attributed to growth in which of the following sector?
a. Export sector
b. Foreign Direct Investments
c. Agricultural output
d. Industrial output
Answer: (a)
62. Gross Fiscal Deficit stands at 4.8% of GDP. What was the percentage of Gross Fiscal Deficit in 2010?
a. 6.3%
b. 5.8%
c. 5%
d. 7.1%
Answer: (a)
63. Agriculture is expected to grow by what percentage in 2010-11 as per the Economic Survey?
a. 5%
b. 5.1%
c. 5.4%
d. 5.5%
Answer: (c)
64. What percentage of GDP growth at market prices was estimated by the Economic Survey 2010-11?
a. 9%
b. 9.5%
c. 9.7%
d. 10%
Answer: (c)
65. Exports surged by what percentage in the period between April to December 2010?
a. 25%
b. 29.5%
c. 18.1%
d. 33%
Answer: (b)
66. 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
Answer: (a)
67. Which of the following was not proposed in the Union Budget 2011-12 presented by pranab Mukherjee?
1. Special vehicles were proposed to be created in the form of Infrastructure Debt Funds to attract foreign funds.
2. Rs. 300 crore expenditure was proposed to promote horticulture centres in rain fed areas for increasing crop productivity.
3. For the manufacturing sector, the budget proposed reduction of basic customs duty on raw silk from 30 to 5 per cent.
4. Concessional 10 per cent Excise Duty was also proposed for fuel cell or Hydrogen cell-technology-based vehicles.
a. 1 & 3
b. Only 2
c. Only 4
d. 3 & 4
Answer: (b)
68. In the Budget it was proposed to provide sum of money for implementation of vegetable initiative to set in motion a virtuous cycle of higher production and incomes for the farmers. What was the proposed amount?
a. Rs 500 crore
b. Rs 300 crore
c. Rs 10000 crore
d. Rs 650 crore
Answer: (b)
69. Rashtriya Swasthya Bima Yojana was proposed to be being extended to the beneficiaries of which of the following Union Government schemes?
a. Mahatma Gandhi NREGA beneficiaries
b. Beneficiaries of Swavlamban pension scheme
c. Indira Gandhi National old Age Pension scheme beneficiaries
d. Beneficiaries of Rajiv Gandhi Grameen Vidyutikaran Yojana
Answer: (a)
70. 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
Answer: (b)
71. 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
Answer: (a)
72. 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
Answer: (b)
73. 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
Answer: (a)
74. What amount of money was allocated for Bharat Nirman?
a. 1000 crore
b. 58000 crore
c. 55438 crore
d. 14362 crore
Answer: (b)
75. 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
Answer: (c)
76. Which of the following statement/statements is/are true with reference to the Railway Budget 2011?
1. Railway Minister Mamata Banerjee proposed Annual Plan for the year 2011-12 at Rs 57630 cr which is the highest ever plan investment by the railways in a single year.
2. Under the proposed Pradhan Mantri Rail Vikas Yojana the pending socially desirable lines would be completed and other similar new line projects would also be taken up.
3. Mamata Banerjee declared 2010-11 as the Year of Green Energy.
4. 2 AC Double Decker Trains in the Jaipur-Delhi and Delhi-Ahmedabad routes were proposed.
Choose Answers:
a. 1,2 & 3
b. 1 & 4
c. 2 & 3
d. 1 & 2
Answer: (d)
77. Acknowledging the need for development of J&K and North-east, Mamata Banerjee introduced in the Railway Budget 2011 a number measures for these two regions. In which of the following North-eastern cities did the budget propose to set up a diesel locomotive centre?
a. Imphal
b. Manipur
c. Guwahati
d. Tripura
Answer: (b)
78. Read the two statements with regard to the passenger benefit plans proposed in the Railway Budget 2011.
1. The budget proposed extension of Train Management System to New Delhi, Bangalore, Secunderabad, Ahmedabad and Lucknow stations to provide information on running of trains.
2. Mamta Banerjee introduced a new concept of Smart Card - Go India for long distance travel by Indian railways.
Which of the two statements are true?
a. Only 1
b. Only 2
c. Both 1 & 2
d. None of the above
Answer: (c)
79. According to Railway Budget 2011, railway card passes would be extended to the parents of the unmarried posthumous winners of which of the following Awards?
1. Param Vir Chakra
2. Bharat Ratna
3. Ashok Chakra gallantry award
4. Padma Shri
a. 1 & 2
b. 2 & 3
c. 1, 2 & 3
d. 1 & 3
Answer: (d)
80. Which of the following schemes proposed in the Railway Budget 2011 is/are not meant for Railway Employees?
1. Expansion of Liberalized Active Retirement Scheme for Guaranteed Employment
2. Railway Vidyalaya Prabandhan Board
3. Sukhi Griha Scheme
4. Pradhan Mantri Rail Vikas Yojana
a. 1 & 3
b. 3 & 4
c. 2 & 4
d. 1 & 4
Answer: (b)
81. The electrical energy requirement of railways is growing rapidly with the expansion of the rail infrastructure and traffic. Considering the rising demand the Ministry of Railways proposed to set up 700 MW power plant at Thakurli in Maharashtra. The power plant is proposed to be based on what form of energy?
a. gas-based
b. coal-based
c. solar power
d. nuclear energy based
Answer: (a)
82. Ministry of Railways proposed to extend Anti Collision Device (ACD) to which of the following Railway zones in India
1. Eastern zone
2. East Central
3. North Eastern
4. South Central
a. 1 & 4
b. 2 & 4
c. 1 & 2
d. 1 & 3
Answer: (c)
83. With regard to the infrastructure development of Railways as proposed in Railway Budget 2011 which statement/statements is/are false?
1. The budget proposed to lay 40 new lines, covering 1075 km.
2. The Ministry has allocated Rs 5406 crore for doubling of 867 km of lines
3. A greater thrust was given to the expansion of the rail network with a larger allocation of Rs 9583 cr for new lines.
4. for gauge conversion over 1017 km. Rs 13820 crore was proposed
a. Only 1
b. 1 & 2
c. Only 4
d. 2 & 4
Answer: (c)
84. To raise money, the Railways was allowed for the first time, to issue tax-free bonds worth what sum of money?
a. Rs 10000 crore
b. Rs 5500 crore
c. Rs 1000 crore
d. Rs 5000 crore
Answer: (a)
85. For rural development allocation Union Budget 2011-12 is—
(A) Rs. 16,000 crore
(B) Rs. 46,000 crore
(C) Rs. 56,000 crore
(D) Rs. 87,800 crore
Answer: (d)
86. What is true for the service tax in Union Budget 2011-12 ?
(A) It is raised from 10 to 12%
(B) It is left unchanged at 11%
(C) It is left unchanged at 10%
(D) It is reduced from 14% to 12%
Answer: (c)
87. The target for exports in 2013-14 has been fixed at—
(A) $ 300 billion
(B) $ 275 billion
(C) $ 250 billion
(D) $ 450 billion
Answer: (d)
88. Global Hunger Index released by IFPRI in October 2010 places India at—
(A) 58th rank
(B) 64th rank
(C) 67th rank
(D) 74th rank
Answer: (c)
89. ‘Aam Admi Bima Yojana’ is an insurance scheme for rural landless households executed by the nodal agency—
(A) National Insurance Co.
(B) State Government
(C) LIC
(D) Central Government
Answer: (b)
90. Revenue Deficit as a per cent of GDP in Budget 2011-12 has been estimated at—
(A) 4.2%
(B) 6.8%
(C) 6.0%
(D) 4.6%
Answer: (d)
91. GST would be introduced from—
(A) January 1, 2012
(B) August 1, 2011
(C) April 1, 2012
(D) August 15, 2011
Answer: (c)
92. The rate of Minimum Alternate Tax (MAT) proposed in the budget 2011-12 is—
(A) 15%
(B) 18.5%
(C) 20%
(D) 22%Answer: (b)
93. Which of the following is not a financial regulator ?
(A) IRDA
(B) AMFI
(C) PFRDA
(D) SEBI
Answer: (b)
94. Inflation in India is measured on which of the following indexes/indicators ?
(A) Cost of Living Index
(B) Consumer Price Index
(C) Wholesale Price Index
(D) Gross Domestic Product
Answer: (c)
95. As per 13th Finance Commission Recommendations during 2010-15, transfers to the states from the central tax pool are expected to be—
(A) Rs. 44000 crore
(B) Rs. 164832 crore
(C) Rs. 318581 crore
(D) Rs. 107552 crore
Answer: (c)
96. From which of the following taxes, the Central Government will get the maximum revenue in 2011-12 ?
(A) Custom Duties
(B) Income Tax
(C) Excise Duties
(D) Corporation Tax
Answer: (d)
97. As per quick estimates for the year 2010-11, Indian economy’s GDP at factor cost (at current prices) stood at—
(A) Rs. 3790063 crore
(B) Rs. 4713000 crore
(C) Rs. 4879232 crore
(D) Rs. 6426277 crore
Answer: (c)
98. What is the theme of World Development Report 2010 ?
(A) Poverty and Next Generation
(B) The Real Wealth of Nations : Path Ways to Human Development
(C) Incidence of Rural Poverty
(D) Development and the Next Generation
Answer: (b)
99. In New Direct Tax Code for senior citizens, income tax exemption slab has been raised to—
(A) Rs. 2.00 lakh
(B) Rs. 2.00 lakh
(C) Rs. 2.50 lakh
(D) Rs. 3.00 lakh
Answer: (c)
100. As per revised estimates for 2010-11 released by CSO, the growth rate for Indian economy has been estimated to be—
(A) 9.5%
(B) 8.6%
(C) 9.8%
(D) 6.7%
Answer: (b)
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