1. Paying for facilities like issuance of demand drafts, cheque books, credit or
debit cards and ATM interchange may soon become pass as public sector lender
____ waived all service charges on current and savings accounts (CASA), the
first by any bank. The move is aimed at increasing the bank’s below-industry
average CASA deposits and the bank expects to double its retail account to 1
crore in the next 12 months.
a) SBI
b) PNB
c) Canara Bank
d) IDBI Bank
e) None of these
2. At present, how many families are categorized as BPL?
a) 5.10 cr
b) 6.52 cr
c) 7.81 cr
d) 10.40 cr
e) None of these
3. DTC stands for
a) Direct Tax Code
b) Disinvestment Tax Code
c) Derivative Trade Code
d) Distinct Tax Code
e) Delhi Tax Code
4. In a surprise move and to the disappointment of taxpayers, the government on
Aug 30 deferred the implementation of the Direct Taxes Code (DTC) by a year to
___, 2012 and sough to waive the preferential treatment to woman in tax payment
in the name of gender equity.
a) Jan 1
b) Mar 31
c) Apr 1
d) Dec 31
e) None of these
5. Which of the following statement is/are true about Direct Taxes Code (DTC)?
A) Under the Direct Taxes Code Bill, 2010 – tabled in the Lok Sabha by finance
minister Pranab Mukherjee and referred to the Select Committee of Parliament for
scrutiny – the government has sought to raise the income tax exemption limit
from Rs.1.6 Lakh to Rs.2 Lakh while retaining a host of incentives for
individuals.
B) While senior citizens (above 65 years) will enjoy a higher exemption of
Rs.2.5 Lakh, woman taxpayers will have no additional relief as they have not
been categorized separately.
C) As for corporate taxes, the levy will be at a flat rate of 30 per cent with
no surcharges or cesses. The minimum alternate tax (MAT)will be levied on book
profits at 20 per cent.
a) Only A
b) Only A& B
c) Only B&C
d) All the above
e) None of these
6. Name the country with India has signed a protocol to the Double Taxation
Avoidance Agreement that would the wealth illegally stashed away in banks.
a) Britain
b) US
c) Switzerland
d) France
e) None of these
7. In a major step to alleviate delays in wage payments under the Mahatma Gandhi
National Rural Employment Guarantee Scheme (MGNREGS), which state govt has
launched an “e-Shakti Financial Inclusion” scheme, the first of its kind in the
country?
a) UP
b) MP
c) Bihar
d) Maharashtra
e) None of these
8. Name the bank whose chairman Stephan K Green will be appointed as the
minister of state for trade and investment.
a) HSBC Holdings
b) Standard Chartered Bank
c) Barclays Bank
d) Royal Bank of Scotland
e) None of these
9. In a big boost to the disinvestment programme of the UPA-II Government, the
Petroleum and Natural Gas Ministry gave its green signal to the sale of
government’s stake in Oil and Natural Gas Corporation (ONGC) and Indian Oil
Corporation (IOC), a move aimed at raising around __________ this fiscal.
a) Rs. 14,000 cr
b) Rs.18,000 cr
c) Rs.24,000 cr
d) Rs. 30,000 cr
e) None of these
10. With a net worth of US$62 billion, Mukesh Ambani would be the richest man of
earth in ___________, going past the current claimant, Mexican businessman
Carlos Slim, according to a forecast by Forbes.
a) 2012
b) 2014
c) 2016
d) 2018
e) None of these
11. In one of his speeches Pranab Mukherjee said that the Govt had no plans to
dilute the roles of market regulators. This means the role of which of the
following will not be diluted?
a) Life Insurance Corporation of India (LIC)
b) Confederation of Indian Industry (CII)
c) Federation of Chambers of Commerce & Industry (FICCI)
d) Bureau of Indian Standards
e) Securities & Exchange Board of India (SEBI)
12. What is the full form of “ULIP’, the term which was in the news recently?
a) Universal Life & Investment Plan
b) Unit Loan & Insurance Plan
c) Universal Loan & Investment Plan
d) Uniformly Loaded Investment Plan
e) Unit Linked Insurance Plan
13. As per the news published in some major financial news papers, the
Maharashtra Govt is planning to introduce “Green Tax” on Vehicles. What is the
Purpose of Green Tax?
a) It has been introduced with the aim of discouraging high consumption of
petroleum products.
b) It is a tax levied by the Govt in place of VAT as VAT is not very profitable
for State Govts.
c) It is just like a toll tax which will be charges from all the vehicles
whenever they enter green areas of a city like hospitals, schools, and old-age
homes.
d) This is a tax levied on big commercial vehicles only with the aim of
prohibiting them from entering residential areas and non-commercial areas.
e) None of these
14. Very often we read in newspapers about 3 G Third Generation Technology. This
is a set of standards used by which of the following?
a) To Combat climatic changes
b) Production of nuclear energy
c) Film production
d) Mobile telecommunications
e) All of these
15. Which of the following companies is NOT in the field of insurance business?
a) ICICI Prudential
b) Bajaj Allianz
c) Tata AIG
d) Aegon Religare
e) Royal Orchild
16. Many times we read that a corporate entity is in the process of raising its
capital base. Why is a company required to raise money to strengthen its capital
base?
A) To finance its diversification Plans
B) To finance its diversification plans
C) To repay its loans and borrowings
a) Only A
b) Only B
c) Only C
d) Only A & B
e) All A, B&C
17. Many times we read in newspapers that a company is planning to bring a
public issue. What does it mean?
A) Shares of the company will be issued only through public sector
organizations like banks/Central financial institutions etc.
B) Shares of the company will be issued to general public only through primary
market.
C) This means some stakeholders/ promoters are willing to leave the company.
Hence they wish to sell their stock to the general public.
a) Only A
b) Only B
c) Only C
d) All A,B&C
e) None of these
18. Whenever some people wish to enter into the business world, it is a must for
them to approach a bank. What services do banks provide them in this regard?
A) Banks act as payment agents by operating current accounts, paying cheques
and receiving payments for them.
B) Maintaining account books for them for their day-to- day activities so that
they are not required to appoint account/finance personnel on a regular basis.
C) Lending money by way of overdraft, installment loan, credit or advance for
business activities
a) Only A
b) Only B
c) Only C
d) Only A&C
e) All of these
19. As we all have noticed, banks these days are giving more emphasis on
“Branchless Banking”. What does this really mean?
A) Banks will not have many branches as used to be in the good old days.
Instead, the number of branches will be restricted and will conduct only a
specified core business.
B) Banks will launch/operate many delivery channels like ATMs, Mobile Banking/
Internet Banking etc sot that people are not required to visit a branch for
their usual banking needs.
C) This means banks will issue only debit or credit cards for all types of
day-to-day financial transactions. Cheques/cash payments will not be allowed.
a) Only A
b) Only B
c) Only A&B
d) Only B&C
e) All A, B&C
20. Which of the following is NOT a function of a bank?
a) Providing project finance
b) Selling Mutual Funds
c) Deciding policy rates like CRR, Repo Rate / SLR etc
d) Settlement of payments of behalf of the customers
e) All of these are functions of a bank
21. Which of the following is a form of “savings Bank” popular among the poor or
children?
a) Core Banking
b) Credit Banking
c) Debit Card
d) Merchant Banking
e) Piggy Banking
22. Dr. Amartya Sen is a famous
a) Physicist
b) Chemical Engineer
c) Psychologist
e) Economist
e) None of these
23. Which of the following nations is considered the originator of the concept
of Micro Finance?
a) India
b) Bangladesh
c) South Africa
d) USA
e) None of these
24. Govt normally does not announce the Minimum Support Price (MSP) of
a) Wheat
b) Paddy
c) Sugarcane
d) Jute
e) All of these
25. At present Dr.D Subbarao is the
a) Governor of Orissa
b) Deputy Chairman of the Planning Commission
c) Chairman of the FICCI
d) India’s Representative in IMF
e) None of these
26. Banks borrow money from the RBI on which of the following rates?
a) Bank rate
b) CRR
c) SLR
d) Reverse Repo Rate
e) Repo Rate
27. Which of the following is NOT a part of India’s Money Market?
a) Bill Market
b) Call Money Market
c) Banks
d) Mutual Funds
e) Indian Gold Council
28. Which of the following is/are NOT the feature(s) of India’s Foreign Trade
Policy (2004 to 2009)?
A) To double India’s percent age share of global trade from present 0.7 per
cent to 1.5 per cent by 2009
B) Simplifying the procedures and bringing down the cost
C) Make SAARC countries India’s most preferred foreign trade partners by 2009
a) Only I
b) Only II
c) Only III
d) All I, II and III
e) Only I and III
29. Which of the following is /are the measure(s) taken by the Reserve Bank of
India (RBI) to ease the liquidity crunch in the country?
A) Cut in Cash Reserve Ratio and Statutory Liquidity Ratio.
B) Increase the flow of foreign direct investment
C) Supply of additional currency notes in the market.
a) Only I
b) Only II
c) Only III
d) All I, II and III
e) None of these
30. Which of the following services is NOT provided by the post offices of
India?
a) Savings Bank Scheme
b) Retailing of Mutual Funds
c) Sale of Stamp Papers (Judicial)
d) Issuance of Demand Drafts
e) Life Insurance Cover
31. Which of the following is true of New Lending Rate System in Banks?
a) For existing loans, the base rate would be applicable once they matured.
b) For new loans, the base rate would be levied immediately.
c) Banks can not charge customers any fee for such switch-over.
d) All of these
e) None of these
32. According to recently released RBI data on the Balance of Payment, net
portfolio investments into country during April- December amounted to
a) $ 23.6 billion
b) $ 30.4 billion
c) $ 32.8 billion
d) $ 36.6 billion
e) $ 40.4 billion
33. Which of the following is NOT a Government sponsored organization?
a) Small Industries Development Bank of India
b) NABARD
c) National Housing Bank
d) ICICI Bank
e) All are government sponsored
34. The Reserve Bank has constituted a working group to review the current
operating procedure of monetary policy, as transmission of the policy to the
rest of the system remains imperfect. The group, to be headed by RBI executive
director ___________, will also review the liquidity adjustment facility (LAF),
through which the central bank manages money supply in the system on a
day-to-day basis.
a) Usha Thorat
b) Deepak Mohanty
c) Rakesh Mohan
d) Naresh Chandra
e) None of these
35. SEBI was established in
a) 1993
b) 1992
c) 1988
d) 1990
e) None of these
36. The working of SEBI includes:
a) To regulate the dealings of share market
b) To check the foul dealings in share market
c) To control the inside trading of shares
d) All of these
e) None of these
37. The ‘Ad hoc Treasury Bill a system’ of meeting budget deficit in India was
replaced by a system which came into force on
a) March 31,1997
b) April 1,1996
c) April 1,1997
d) March 31, 1996
e) None of these
38. The recommendations of the 13th Finance Commission has become/will be
operational during the period
a) 2009-14
b) 2010 – 15
c) 2011 – 16
d) 2012 – 2017
e) None of these
39. Rural Woman can avail the benefit of Mahila Samriddhi Yojana if they open
their account in
a) Rural Pot Offices
b) Commercial Banks
c) Rural Development Bank
d) Any of the above
e) None of these
40. The rate at which banks lend to RBI is known as
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Interest Rate
e) None of these
41. The cause of deflation is
a) Lack of goods and services as compared to money supply
b) Lack of imports as compared to exports
c) Lack of money supply as compared to supply of goods and services
d) Lack of money supply and goods
e) None of these
42. Which bank in India performs the duties of the central bank?
a) Central Bank of India
b) State Bank of India
c) Reserve Bank of India
d) Bank of India
e) None of these
43. Mixed Economy means
a) Co-existence of small and large industries
b) Promoting both Agriculture and Industries in the economy
c) Co-existence of public and private sectors
d) Co-existence of the rich and the poor
e) None of these
44. ‘Pure Banking, Northing Else’ is a slogan raised by
a) ICICI Bank
b) HDFC Bank
c) SBI
d) UTI Bank
e) None of these
45. Which of the following is true about Swavalamban Scheme?
A) Finance minister Pranab Mukherjee will launch the Swavalamban scheme in
Murshidabad district of West Bengal.
B) As per the scheme, the Centre will contribute Rs.1,000 a year to each New
Pension Scheme (NPS) account opened in the current year.
C) The contribution will be made till 2013 – 14
D) To be eligible, a person will have to make a minimum contribution of
Rs.1,000 and maximum contribution of Rs.12,000 per annum.
a) Only A,B & C
b) Only A, C & D
c) Only A & D
d) All the above
e) None of these
46. The axe finally fell on Asia’s first cooperative bank, ___________, when the
Reserve Bank of India (RBI) cancelled its licence and asked it not to continue
any banking – related transactions until further directions.
a) Saraswat Co-operative Bank Ltd
b) Cosmos Co-operative Bank Ltd
c) Nadar Co-operative Bank Ltd
d) Anyonya Cooperative Bank Ltd
e) None of these
47. 13th Finance Commission was constituted under the Chairmanship of
a) YSP Thorat
b) Vijai L Kelkar
c) TS Vijayan
d) Laxmi Narayan
e) None of these
48. SEBI is a
a) Statutory body
b) Advisory body
c) Constitutional body
d) Non-statutory body
e) None of these
49. Bank Cash Transaction Tax (BCTT) was withdrawn with effect from
a) January 1, 2009
b) March 1, 2009
c) March 31, 2009
d) April 1, 2009
e) None of these
50. Which committee recommended abolition of tax rebates under Section 88?
a) Chelliah Committee
b) Kelkar Committee
c) Shome Committee
d) Naresh Chandra Committee
e) None of these
38. Tarapore Committee submitted its report on “Full Convertibility on Rupee” in
a) Current account
b) Capital account
c) Both on current as well as on capital account
d) Special Drawing Rights (SDRs)
e) None of these
39. CENVAT is related to
a) Sales Tax
b) Excise Duty
c) Custom Duty
d) Service Tax
e) None of these
45. NABARD was established on the recommendation of
a) Public Accounts Committee
b) Shivaraman Committee
c) Narasimham Committee
d) Khandelwal Committee
e) None of these
46. Sampurna Gramin Rozgar Yojana has been launched from
a) 1 Apr 2001
b) 25 Sep 2001
c) 30 Sep 2001
d) No scheme of such title has yet been launched
e) None of these
47. VAT is imposed
a) Directly on the consumer
b) On the final stage of production
c) On the first stage of production
d) On all stages between production and final sale
e) None of these
48. Kutir Jyoti scheme is associate with
a) Promoting cottage industry in villages
b) Promoting employment among rural unemployed youth
c) Providing electricity to rural families living below the poverty line
d) All of these
e) None of these
49. CAPART is related with
a) Assisting and evaluating rural welfare programmes
b) Computer hardware
c) Consultant service of export promotion.
d) Controlling pollution in big industries
e) None of these
50. The note issuing dept of RBI should always possess a minimum gold stock
worth
a) Rs.85 crore
b) Rs.115 crore
c) Rs.200 crore
e) Rs.215 crore
f) None of these
ANSWERS :
1.D 2.B 3.A 4.C 5.D 6.C 7.C 8.A 9.C 10.B
11.E 12.E 13.E 14.D 15.E 16.A 17.B 18.D 19.E 20.C
21.E 22.D 23.B 24.D 25.E 26.E 27.E 28.D 29.A 30.E
31.D 32.C 33.D 34.B 35.C 36.D 37.C 38.B 39.A 40.C
41.C 42.C 43.C 44.C 45.D 46.D 47.B 48.A 49.D 50.B
debit cards and ATM interchange may soon become pass as public sector lender
____ waived all service charges on current and savings accounts (CASA), the
first by any bank. The move is aimed at increasing the bank’s below-industry
average CASA deposits and the bank expects to double its retail account to 1
crore in the next 12 months.
a) SBI
b) PNB
c) Canara Bank
d) IDBI Bank
e) None of these
2. At present, how many families are categorized as BPL?
a) 5.10 cr
b) 6.52 cr
c) 7.81 cr
d) 10.40 cr
e) None of these
3. DTC stands for
a) Direct Tax Code
b) Disinvestment Tax Code
c) Derivative Trade Code
d) Distinct Tax Code
e) Delhi Tax Code
4. In a surprise move and to the disappointment of taxpayers, the government on
Aug 30 deferred the implementation of the Direct Taxes Code (DTC) by a year to
___, 2012 and sough to waive the preferential treatment to woman in tax payment
in the name of gender equity.
a) Jan 1
b) Mar 31
c) Apr 1
d) Dec 31
e) None of these
5. Which of the following statement is/are true about Direct Taxes Code (DTC)?
A) Under the Direct Taxes Code Bill, 2010 – tabled in the Lok Sabha by finance
minister Pranab Mukherjee and referred to the Select Committee of Parliament for
scrutiny – the government has sought to raise the income tax exemption limit
from Rs.1.6 Lakh to Rs.2 Lakh while retaining a host of incentives for
individuals.
B) While senior citizens (above 65 years) will enjoy a higher exemption of
Rs.2.5 Lakh, woman taxpayers will have no additional relief as they have not
been categorized separately.
C) As for corporate taxes, the levy will be at a flat rate of 30 per cent with
no surcharges or cesses. The minimum alternate tax (MAT)will be levied on book
profits at 20 per cent.
a) Only A
b) Only A& B
c) Only B&C
d) All the above
e) None of these
6. Name the country with India has signed a protocol to the Double Taxation
Avoidance Agreement that would the wealth illegally stashed away in banks.
a) Britain
b) US
c) Switzerland
d) France
e) None of these
7. In a major step to alleviate delays in wage payments under the Mahatma Gandhi
National Rural Employment Guarantee Scheme (MGNREGS), which state govt has
launched an “e-Shakti Financial Inclusion” scheme, the first of its kind in the
country?
a) UP
b) MP
c) Bihar
d) Maharashtra
e) None of these
8. Name the bank whose chairman Stephan K Green will be appointed as the
minister of state for trade and investment.
a) HSBC Holdings
b) Standard Chartered Bank
c) Barclays Bank
d) Royal Bank of Scotland
e) None of these
9. In a big boost to the disinvestment programme of the UPA-II Government, the
Petroleum and Natural Gas Ministry gave its green signal to the sale of
government’s stake in Oil and Natural Gas Corporation (ONGC) and Indian Oil
Corporation (IOC), a move aimed at raising around __________ this fiscal.
a) Rs. 14,000 cr
b) Rs.18,000 cr
c) Rs.24,000 cr
d) Rs. 30,000 cr
e) None of these
10. With a net worth of US$62 billion, Mukesh Ambani would be the richest man of
earth in ___________, going past the current claimant, Mexican businessman
Carlos Slim, according to a forecast by Forbes.
a) 2012
b) 2014
c) 2016
d) 2018
e) None of these
11. In one of his speeches Pranab Mukherjee said that the Govt had no plans to
dilute the roles of market regulators. This means the role of which of the
following will not be diluted?
a) Life Insurance Corporation of India (LIC)
b) Confederation of Indian Industry (CII)
c) Federation of Chambers of Commerce & Industry (FICCI)
d) Bureau of Indian Standards
e) Securities & Exchange Board of India (SEBI)
12. What is the full form of “ULIP’, the term which was in the news recently?
a) Universal Life & Investment Plan
b) Unit Loan & Insurance Plan
c) Universal Loan & Investment Plan
d) Uniformly Loaded Investment Plan
e) Unit Linked Insurance Plan
13. As per the news published in some major financial news papers, the
Maharashtra Govt is planning to introduce “Green Tax” on Vehicles. What is the
Purpose of Green Tax?
a) It has been introduced with the aim of discouraging high consumption of
petroleum products.
b) It is a tax levied by the Govt in place of VAT as VAT is not very profitable
for State Govts.
c) It is just like a toll tax which will be charges from all the vehicles
whenever they enter green areas of a city like hospitals, schools, and old-age
homes.
d) This is a tax levied on big commercial vehicles only with the aim of
prohibiting them from entering residential areas and non-commercial areas.
e) None of these
14. Very often we read in newspapers about 3 G Third Generation Technology. This
is a set of standards used by which of the following?
a) To Combat climatic changes
b) Production of nuclear energy
c) Film production
d) Mobile telecommunications
e) All of these
15. Which of the following companies is NOT in the field of insurance business?
a) ICICI Prudential
b) Bajaj Allianz
c) Tata AIG
d) Aegon Religare
e) Royal Orchild
16. Many times we read that a corporate entity is in the process of raising its
capital base. Why is a company required to raise money to strengthen its capital
base?
A) To finance its diversification Plans
B) To finance its diversification plans
C) To repay its loans and borrowings
a) Only A
b) Only B
c) Only C
d) Only A & B
e) All A, B&C
17. Many times we read in newspapers that a company is planning to bring a
public issue. What does it mean?
A) Shares of the company will be issued only through public sector
organizations like banks/Central financial institutions etc.
B) Shares of the company will be issued to general public only through primary
market.
C) This means some stakeholders/ promoters are willing to leave the company.
Hence they wish to sell their stock to the general public.
a) Only A
b) Only B
c) Only C
d) All A,B&C
e) None of these
18. Whenever some people wish to enter into the business world, it is a must for
them to approach a bank. What services do banks provide them in this regard?
A) Banks act as payment agents by operating current accounts, paying cheques
and receiving payments for them.
B) Maintaining account books for them for their day-to- day activities so that
they are not required to appoint account/finance personnel on a regular basis.
C) Lending money by way of overdraft, installment loan, credit or advance for
business activities
a) Only A
b) Only B
c) Only C
d) Only A&C
e) All of these
19. As we all have noticed, banks these days are giving more emphasis on
“Branchless Banking”. What does this really mean?
A) Banks will not have many branches as used to be in the good old days.
Instead, the number of branches will be restricted and will conduct only a
specified core business.
B) Banks will launch/operate many delivery channels like ATMs, Mobile Banking/
Internet Banking etc sot that people are not required to visit a branch for
their usual banking needs.
C) This means banks will issue only debit or credit cards for all types of
day-to-day financial transactions. Cheques/cash payments will not be allowed.
a) Only A
b) Only B
c) Only A&B
d) Only B&C
e) All A, B&C
20. Which of the following is NOT a function of a bank?
a) Providing project finance
b) Selling Mutual Funds
c) Deciding policy rates like CRR, Repo Rate / SLR etc
d) Settlement of payments of behalf of the customers
e) All of these are functions of a bank
21. Which of the following is a form of “savings Bank” popular among the poor or
children?
a) Core Banking
b) Credit Banking
c) Debit Card
d) Merchant Banking
e) Piggy Banking
22. Dr. Amartya Sen is a famous
a) Physicist
b) Chemical Engineer
c) Psychologist
e) Economist
e) None of these
23. Which of the following nations is considered the originator of the concept
of Micro Finance?
a) India
b) Bangladesh
c) South Africa
d) USA
e) None of these
24. Govt normally does not announce the Minimum Support Price (MSP) of
a) Wheat
b) Paddy
c) Sugarcane
d) Jute
e) All of these
25. At present Dr.D Subbarao is the
a) Governor of Orissa
b) Deputy Chairman of the Planning Commission
c) Chairman of the FICCI
d) India’s Representative in IMF
e) None of these
26. Banks borrow money from the RBI on which of the following rates?
a) Bank rate
b) CRR
c) SLR
d) Reverse Repo Rate
e) Repo Rate
27. Which of the following is NOT a part of India’s Money Market?
a) Bill Market
b) Call Money Market
c) Banks
d) Mutual Funds
e) Indian Gold Council
28. Which of the following is/are NOT the feature(s) of India’s Foreign Trade
Policy (2004 to 2009)?
A) To double India’s percent age share of global trade from present 0.7 per
cent to 1.5 per cent by 2009
B) Simplifying the procedures and bringing down the cost
C) Make SAARC countries India’s most preferred foreign trade partners by 2009
a) Only I
b) Only II
c) Only III
d) All I, II and III
e) Only I and III
29. Which of the following is /are the measure(s) taken by the Reserve Bank of
India (RBI) to ease the liquidity crunch in the country?
A) Cut in Cash Reserve Ratio and Statutory Liquidity Ratio.
B) Increase the flow of foreign direct investment
C) Supply of additional currency notes in the market.
a) Only I
b) Only II
c) Only III
d) All I, II and III
e) None of these
30. Which of the following services is NOT provided by the post offices of
India?
a) Savings Bank Scheme
b) Retailing of Mutual Funds
c) Sale of Stamp Papers (Judicial)
d) Issuance of Demand Drafts
e) Life Insurance Cover
31. Which of the following is true of New Lending Rate System in Banks?
a) For existing loans, the base rate would be applicable once they matured.
b) For new loans, the base rate would be levied immediately.
c) Banks can not charge customers any fee for such switch-over.
d) All of these
e) None of these
32. According to recently released RBI data on the Balance of Payment, net
portfolio investments into country during April- December amounted to
a) $ 23.6 billion
b) $ 30.4 billion
c) $ 32.8 billion
d) $ 36.6 billion
e) $ 40.4 billion
33. Which of the following is NOT a Government sponsored organization?
a) Small Industries Development Bank of India
b) NABARD
c) National Housing Bank
d) ICICI Bank
e) All are government sponsored
34. The Reserve Bank has constituted a working group to review the current
operating procedure of monetary policy, as transmission of the policy to the
rest of the system remains imperfect. The group, to be headed by RBI executive
director ___________, will also review the liquidity adjustment facility (LAF),
through which the central bank manages money supply in the system on a
day-to-day basis.
a) Usha Thorat
b) Deepak Mohanty
c) Rakesh Mohan
d) Naresh Chandra
e) None of these
35. SEBI was established in
a) 1993
b) 1992
c) 1988
d) 1990
e) None of these
36. The working of SEBI includes:
a) To regulate the dealings of share market
b) To check the foul dealings in share market
c) To control the inside trading of shares
d) All of these
e) None of these
37. The ‘Ad hoc Treasury Bill a system’ of meeting budget deficit in India was
replaced by a system which came into force on
a) March 31,1997
b) April 1,1996
c) April 1,1997
d) March 31, 1996
e) None of these
38. The recommendations of the 13th Finance Commission has become/will be
operational during the period
a) 2009-14
b) 2010 – 15
c) 2011 – 16
d) 2012 – 2017
e) None of these
39. Rural Woman can avail the benefit of Mahila Samriddhi Yojana if they open
their account in
a) Rural Pot Offices
b) Commercial Banks
c) Rural Development Bank
d) Any of the above
e) None of these
40. The rate at which banks lend to RBI is known as
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Interest Rate
e) None of these
41. The cause of deflation is
a) Lack of goods and services as compared to money supply
b) Lack of imports as compared to exports
c) Lack of money supply as compared to supply of goods and services
d) Lack of money supply and goods
e) None of these
42. Which bank in India performs the duties of the central bank?
a) Central Bank of India
b) State Bank of India
c) Reserve Bank of India
d) Bank of India
e) None of these
43. Mixed Economy means
a) Co-existence of small and large industries
b) Promoting both Agriculture and Industries in the economy
c) Co-existence of public and private sectors
d) Co-existence of the rich and the poor
e) None of these
44. ‘Pure Banking, Northing Else’ is a slogan raised by
a) ICICI Bank
b) HDFC Bank
c) SBI
d) UTI Bank
e) None of these
45. Which of the following is true about Swavalamban Scheme?
A) Finance minister Pranab Mukherjee will launch the Swavalamban scheme in
Murshidabad district of West Bengal.
B) As per the scheme, the Centre will contribute Rs.1,000 a year to each New
Pension Scheme (NPS) account opened in the current year.
C) The contribution will be made till 2013 – 14
D) To be eligible, a person will have to make a minimum contribution of
Rs.1,000 and maximum contribution of Rs.12,000 per annum.
a) Only A,B & C
b) Only A, C & D
c) Only A & D
d) All the above
e) None of these
46. The axe finally fell on Asia’s first cooperative bank, ___________, when the
Reserve Bank of India (RBI) cancelled its licence and asked it not to continue
any banking – related transactions until further directions.
a) Saraswat Co-operative Bank Ltd
b) Cosmos Co-operative Bank Ltd
c) Nadar Co-operative Bank Ltd
d) Anyonya Cooperative Bank Ltd
e) None of these
47. 13th Finance Commission was constituted under the Chairmanship of
a) YSP Thorat
b) Vijai L Kelkar
c) TS Vijayan
d) Laxmi Narayan
e) None of these
48. SEBI is a
a) Statutory body
b) Advisory body
c) Constitutional body
d) Non-statutory body
e) None of these
49. Bank Cash Transaction Tax (BCTT) was withdrawn with effect from
a) January 1, 2009
b) March 1, 2009
c) March 31, 2009
d) April 1, 2009
e) None of these
50. Which committee recommended abolition of tax rebates under Section 88?
a) Chelliah Committee
b) Kelkar Committee
c) Shome Committee
d) Naresh Chandra Committee
e) None of these
38. Tarapore Committee submitted its report on “Full Convertibility on Rupee” in
a) Current account
b) Capital account
c) Both on current as well as on capital account
d) Special Drawing Rights (SDRs)
e) None of these
39. CENVAT is related to
a) Sales Tax
b) Excise Duty
c) Custom Duty
d) Service Tax
e) None of these
45. NABARD was established on the recommendation of
a) Public Accounts Committee
b) Shivaraman Committee
c) Narasimham Committee
d) Khandelwal Committee
e) None of these
46. Sampurna Gramin Rozgar Yojana has been launched from
a) 1 Apr 2001
b) 25 Sep 2001
c) 30 Sep 2001
d) No scheme of such title has yet been launched
e) None of these
47. VAT is imposed
a) Directly on the consumer
b) On the final stage of production
c) On the first stage of production
d) On all stages between production and final sale
e) None of these
48. Kutir Jyoti scheme is associate with
a) Promoting cottage industry in villages
b) Promoting employment among rural unemployed youth
c) Providing electricity to rural families living below the poverty line
d) All of these
e) None of these
49. CAPART is related with
a) Assisting and evaluating rural welfare programmes
b) Computer hardware
c) Consultant service of export promotion.
d) Controlling pollution in big industries
e) None of these
50. The note issuing dept of RBI should always possess a minimum gold stock
worth
a) Rs.85 crore
b) Rs.115 crore
c) Rs.200 crore
e) Rs.215 crore
f) None of these
ANSWERS :
1.D 2.B 3.A 4.C 5.D 6.C 7.C 8.A 9.C 10.B
11.E 12.E 13.E 14.D 15.E 16.A 17.B 18.D 19.E 20.C
21.E 22.D 23.B 24.D 25.E 26.E 27.E 28.D 29.A 30.E
31.D 32.C 33.D 34.B 35.C 36.D 37.C 38.B 39.A 40.C
41.C 42.C 43.C 44.C 45.D 46.D 47.B 48.A 49.D 50.B
- N A K Browne
Kishore Kumar
79. Parts of which African country is hit by Famine according to United Nations?
Somalia
80. Which model has Harley-Davidson launched in India priced at Rs.19.7 lakh?
Fat Boy Special
81. Which service did Vodafone roll out in Bangalore recently?
3G services
82. Where is the Hockey Asian Champions Trophy is to be held?
Ordos, China
83. Name the ex-PM of Ukraine who was arrested recently.
Yulia Tymoshenko
84. Who has become first female prime minister of Thailand?
Yingluck Shinawatra
85. Where is the Folksam Grand Prix meet being held?
Karlstad, Sweden
What is the downgraded credit rating given by S&P to USA?
AA+
86. Which cricketer has been recalled to One-Day match against England after 2 years?
Rahul Dravid
87. Whose maiden century in Twenty20 cricket against Australia set Sri Lanka a 35 run victory?
Tilakaratne Dilshan
88. Which South African fast bowler cricketer celebrated his 100th birthday recently?
Norman Gordon
89. Which Taiwan company has recently launched tablet PCs priced at Rs.15,000?
Micro-Star International (MSI)
90. What is the food inflation as on July 30th 2011?
9.90 per cent
91. Name the Indo-Canadian who has been appointed the president and CEO of the Information Technology Association of Canada (ITAC)?
Karna Gupta
92. Which car model has Maruti Suzuki set to unveil in the Indian market?
Maruti 800 cc
93. Which three banks are planning a Joint Venture commercial bank in Malaysia?
Bank of Baroda, Andhra Bank and Indian Overseas Bank
94. Who is to replace Arvind Jadhav as Air India chief?
Rohit Nandan
95. Which bollywood actor passed away recently?
Shammi Kapoor
96. Which Bank’s net profit dip to about 45% as it disclosed its Q1 earnings?
State Bank of India
97. Who won the ATP Montreal Masters title?
Novak Djokovic
98. Who won the bronze medal at the World Badminton Championship after a gap of 28 years?
Jwala Gutta and Ashwini Ponappa
99. Name the former NASDAQ MD who has been sentenced to 42 months in prison and has been ordered to forfeit over $700,000 illegal profits made during his role in an insider trading scheme.
Donald Johnson
100. Which country’s President has called for national government by August 21st 2011?
Nepal, President Dr.Ram Baran
101. Which telecom company increased call tariffs by 20% recently?
Reliance Communications
102. Which section of education is to be made Universal unlike elementary education in India?
Secondary Education
103. What is the West Bengal government planning to setup for medical benefits to remote corner people?
Health Bank
104. Who won his first World Golf Championship title?
Adam Scott
105. Who became the first bowler to clinch 6 wickets in a Twenty20 International Cricket?
Ajantha Mendis
106. What is the maximum amount that can be withdrawn from a third-party ATM per transaction?
Rs.10,000
107. Which Indian University recently signed pact with university of Sydney?
Anna University
108. For which programme an Indian student pursuing her Ph.D in chemical biology from Tata Institute of Fundamental Research chosen?
Sci-finder Academic Exchange Program
109. Which company has launched 3G Tablet priced at Rs.12,999 with special data plans in India?
RCom
110. What is the extension period given to RBI Governor D.Subbarao?
2 years (untill Spetember 4th 2013)
111. Which Insurance company is set to sue Bank of America to recover about $10 billion?
AIG (American International Group Inc)
112. Which company has collaborated with Singapore Management University for a R&D facility for cloud-based IT solutions?
TCS
113. Which Bank has launced Debit Card with credit limit? Name the card.
IDBI Bank. IDBI Magic Card
114. Who has been appointed as CEO for Bharti Airtel’s broadband and DTH services?
Rajiv Rajagopal for Broadband and data services and Shashi Arora for DTH and media services
115. Who has entered the 2nd round of the World Badminton Championships defeating Germany’s Domke Dieter?
P.Kashyap
116. Which Indian women cricketer has been suspended from bowling in international cricket for illegal action?
Snehal Pradhan
117. Name the project under which all post offices in India are to be provided with Internet connectivity.
India Post Technology Project 2012
118. Which two districts in Karnataka is set to get RAHI airports?
Shimoga and Gulbarga
119. Who is all set to introduce Jan Lokpall Bill as a private member’s bill in LokSabha?
BJP MP Varun Gandhi
120. Who has been appointed as joint Managing Director of Hero MotoCorp (formerly Hero Honda)?
Sunil Kant Munjal
121. Which film director eyes for stake in Indian Premier League team Kochi Tuskers?
Priyadarshan
122. Expand Infosys. Who logged out as Chief Mentor and Chairman from the IT giant Infosys on Friday 19th August 2011?
Information System. N.R. Narayana Murthy
123. Which company has launched Android tablet priced at Rs.6,250?
LACS (Lakshmi Access Communications Systems)
124. Which consumer major has launched online game and mobile app to promote corporate awareness?
Reckitt Benckiser
125. Who won the Cincinnati Masters title held at Ohio recently?
Andy Murray
126. Who won his first US PGA Tour title at the Wyndham Championship?
Webb Simpson
127. Which Bank has sought support of Rs.300 crore from the Government to fund business growth?
Corporation Bank
128. Who surpassed Sunil Gavaskar’s record of 34 hundreds in Test Cricket recently?
Rahul Dravid
129. Where and at which event was Jon ‘Eggman’ Egging a British pilot killed recently?
Near Bournemouth Airport in Dorset. At an Airshow in Britain
130. Which Indian city turns 372 today (22nd August 2011)?
Chennai
131. Name the Marxist historian and Indologist who passed away recently.
Ram Sharan Sharma
132. Which feature has Google launched as music blog for users of Google Music Beta?
Google Magnifier
133. Name the deposit scheme that Indian Bank has launched for people under the financial inclusion plan.
Variable Recurring Deposit Scheme
134. Who won the Test series against India by an Innings and 8 runs, termed to be as worst performance since 1959?
England
135. Who became the first bowler to take three hatricks in one-day cricket?
Latish Malinga
136. Who was honoured with Degree of Doctor of Science (Honoris Causa) from IIT – Kharagpur?
Sunil Bharti Mittal
137. Who won the woman’s Cincinnati WTA Title?
Maria Sharapova
138. Who won the mens doubles Cincinnati WTA Title?
Leander Peas and Mahesh Bhupathi
139. Name the President of Standard and Poor chief who quit recently.
Deven Sharma
140. Who becomes the first woman to conquer 14,800 metre summit (K2) without artificial oxygen?
Austrian climber Gerlinde Kaltenbrunner
141. Which Hollywood studio has made some of its film available online as rentals at social networking site Facebook?
Miramax
142. Name the new variant car launched by Tata motors.
Tata Vista
143. Name the mouse launched by LG recently. Mention its additional feature.
Mouse Scanner
144. Who has been named as CEO of Apple post Steve Jobs resignation?
Tim Cook
145. Who has been appointed as chairman of the Board of Directors of Press Trust of India?
M.P.Veerendrakumar
146. Which ace Indian football player retired recently?
Bhaichung Bhutia
