SET 14 1. RBI has asked banks to make a plan to provide banking services to all villages having a population up to 2000. This directive issued by the RBI will fall in which of the following categories a. Plan for financial inclusion b. Efforts to meet the targets of Priority Sector Lending c. Extension of Relief Packages to the Farmers d. Plan for opening more rural branches 2. Which of the following is not a part of the scheduled banking structure in India a. Money lenders b. Public sector banks c. Private sector banks d. Regional Rural Banks e. State Co-operative Banks 3. The rate of interest on Savings Bank Account is stipulated by a. The Concerned Bank b. RBI c. Indian Banks Association d. Government of India e. Banking Codes and Standards Board of India 4. Many times we read a term CBS used in banking operation. What is the full form of the letter C in the term CBS a. Core b. Credit c. Continuous d. Complete 5. Which of the following metals is used for generation of Nuclear Energy by most of the Nuclear Power Plants a. Zinc b. Platinum c. Uranium d. Nickel 6. Many a time we read a term PPP in financial dailies/magazines. What is the full form of the same as used in financial world a. Public Per Capita Power b. Per Capita Potential Purchases c. Purchasing Power Parity d. Present Purchasing Power 7. Which of the following villages has received the first lot of UID numbers a. Vaijapur in Maharashtra
b. Bedkihal in Karnataka c. Tembhli in Maharashtra d. Navagam in Gujarat 8. Which one of the following is a driving force influencing the industrial growth of an economy? a. Economic factors only b. Investment only c. Innovation/market base only d. Only A & B e. All A, B & C 9. What do you understand by Community Development Programme? a. Villages participation in the programme b. A movement to promote better living for the whole community c. A movement to promote better living for the whole community with the assistance of local Government d. A movement designed to promote better living for the whole community with the active participation and on the initiative of the community 10. In which one of the following activities percentage share of cooperative sector is the highest? a. Agricultural credit disbursement b. Sugar production c. Wheat procurement d. Fertilizer distribution e. Handlooms 11. The Govt. of India allowed the Income Tax Department to set up its centralized IT processing centre in a. Bangalore b. Chennai c. Mumbai d. Kolkata e. Hyderabad 12. Which of the following is/are the highlights of the Project Snow Leopard launched in the recent past? a. It has been launched to safeguard and conserve India s unique natural heritage and high altitude wide life b. The project has been launched to make another hitech permanent lab on the South Pole c. It is nothing but a project to protect snow leopards found in the Himalayan region which are facing the fear of extinction
iv. Both A & C 13. Govt. of India has decided to set up two more All India Institutes of Medical Sciences (AIIMS) like institutes in near future. These new institutions would be established in a. West Bengal & Uttar Pradesh b. Haryana & Punjab c. Punjab & Tamil Nadu d. Tamil Nadu & Andhra Pradesh e. Gujarat & Maharashtra 14. Which of the following countries launched the world s first satellite for monitoring greenhouse gases? a. USA b. Britain c. Japan d. China e. India 15. Which of the following has now became the third largest economy of the world? a. Brazil b. India c. China d. Japan e. Russia 16. Which of the following taxes is not levied by the Union Government? a. Customs b. Corporate Tax c. Land Revenue d. Income Tax e. Surcharge on Income Tax 17. Service Tax was introduced in India for the first time in the year? a. 1990-91 b. 1991-92 c. 1994-95 d. 1980-81 e. 2000-01 18. Which of the following commissions set up by the President of India decides the distribution of tax incomes between the Central and State Governments? a. Central Law Commission b. Pay Commission for Govt. Employees c. Administrative Reforms Commission
d. Planning Commission 19. Who amongst the following is the author of the book termites in the Trading System a. MS Swaminathan b. Jagdish Bhagwati c. Jaswant Singh d. M Chelapati Rao 20. Duleep Trophy is associated with the game of --- a. Hockey b. Badminton c. Football d. Lawn Tennis e. Cricket 21. We very frequently read about the activities of the Foreign exchange Market in newspapers/magazines. Which of the following is/are the major functions of the same? a. Transfer of purchasing power from domestic to foreign market b. Providing credit for financing foreign trade c. Power to purchase gold from foreign countries as most of the nations still work on gold standards iv. Both A & B v. Both B & C 22. Which of the following are the instruments of Credit Control in the hands of the RBI? a. Lowering or raising the discount and interest rates b. Raising the minimum support price of the major agro products c. Lowering or raising the minimum cash reserves maintained by the commercial banks iv. Both A & C v. Both B & C 23. Which of the following is not a welfare scheme launched by the Govt. of India? a. Village Grain Bank Scheme b. Sampoorna Gramin Rozgar Yojana c. Annaoorna Scheme d. Midday Meal Scheme e. Bharat Nirman Yojana
24. Which of the following programmes was launched to further improve the facilities of irrigation in rural India? a. National Social Assistance Programme b. Construction of Kiosks for the poor c. Sampoorna Grameen Rozgar Yojana d. Annapoorna Scheme e. National Watershed Development Programme 25. Who amongst the following is the author of the book Dreams from My Father: A story of Race and Inheritance? a. Barrack Obama b. John Evans Aatta Mills c. Nelson Mandela d. Danny Boyle 26. Which of the following is/are the components of the Fiscal Deficit? a. Budgetary Deficit b. Market Borrowings c. Expenditure made from Pradhan Mantri Rabat Kosh iv. All A, B, C 27. Which of the following is the Trophy/Cup associated with the game of Hockey? a. Derby b. Agha Khan Cup c. Merdeka d. Vizzy Trophy e. Rovers Cup 28. As per the reports in the financial newspapers, CCEA cleared many FDI proposals recently. What is the full form of CCEA? a. Cabinet Committee on Economic Affairs b. Congress Committee on Economic Affairs c. Cabinet Committee on Emergency Accounts d. Clearance Committee on Export Accounts 29. The Vishnugad Pipalkoti Hydel Power Project is being developed on which of the following rivers a. Ganga b. Alaknanda c. Yamuna d. Sabarmati
30. The facility which allows mobile subscribers to switch from one service provider to another without changing their mobile number is known as Mobile Number a. Protectability b. Portability c. Promotability d. Permeability 31. Which of the following is not among the top 10 economics of the world? a. USA b. Japan c. Germany d. China e. South Africa 32. Many time we read in newspapers that the RBI has revised certain rates/rations under LAF. What is the full form of LAF a. Legal Adjustment Facility b. Liquidity Adjustment Facility c. Long term Achievement Facility d. Legal Adjustment Formality 33. Which of the following statements is/are correct about the Aam Aadmi Bima Yojana (AABY) launched by the Union Government? a. The scheme is drawn to include another one crore beneficiaries in the scheme by he end of September 2009 b. The scheme was announced to provide insurance cover to those women workers who came for job under the National Rural Employment Guarantee Act c. Under the scheme, the Central Govt. bears the entire amount of the premium, which is around Rs.6000 per year for each beneficiary iv. All A, B, C 34. Which of the following states in India is at the top of the investment index prepared by the world Bank? a. Gujarat b. Maharashtra c. Karnataka d. Tamil Nadu 35. Which of the following is true about Value Added Tax (VAT) a. It is a consumption tax levied on value added to the product on every stage of its production b. VAT is levied by the Union Govt. and only a small part goes to State Govts.
c. The income tax on retailers is now decided on the basis of their VAT collection in a year iv. All A, B,C 36. India and Chile recently agreed to allow Free Trade between both the countries. What does it really mean a. India can sell any product to Chile and Chile can also sell any product to India b. India and Chile both will sell goods or services to each other but the payment for the same will be only in return goods. No hard cash will be paid for such transactions c. Whatever goods both of them will import or export, the payment will be made only is US dollars and only cash transactions will take place iv. Both A & B 37. Who amongst the following became the first woman pilot in the world to fly MIG-35 fighter plane? a. Suman Sharma b. Saudamini Deshmukh c. Kirsty Moore d. Nicole Malachowski 38. As per reports some state governments in India have put a ban on the sale of Ammonium Nitrate or its other combinations in the open market as the same is being used by some people as an explosive. The ban on open sale of such chemicals can be put under which of the following acts a. Explosive Substance Act b. Narcotics Act c. Trade & Merchandise Act d. Dangerous Drugs Act 39. Who amongst the following is he author of the book Flight into Fear a. Capt Devi Sharan b. Admiral Vishnu Bhagwat c. Dr Kiran Bedi d. Jaswant Singh
40. Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world? a. Basel Committee b. UN Charter on Commercial Laws c. International Board of Banks and Finance d. World Trade Organization 41. Which of the following states ranked first in the implements of the Central Government sponsored scheme Artificial Recharge of Ground Water through Dug Wells in Hard Rock Areas?? a. Madhya Pradesh b. Maharashtra c. Karnataka d. Tamil Nadu 42. Anti Tobacco Day is observed in India on which of the following days a. 11h April b. 11 th May c. 11 th June d. 31 st May e. 30 th June 43. Who amongst the following is the author of the book Cricket My Style a. Sunil Gavaskar b. Ravi Shastri c. Kapil Dev d. Sachin Tendulkar e. Saurav Ganguly 44. Many times we read about Foreign Direct Investment in the country for various project schemes. Why should government promote the idea of Foreign direct investment particularly when it can provide funds from its own resources a. It is supplement to domestic investments and is preferred to bridge the investments savings gap b. Foreign Direct Investment helps in providing better and advanced technology, which is sometimes not available domestically c. It generates new employment opportunities iv. Both A & B v. All A, B, C
45. As we all know, a lot of people from underdeveloped states migrate to various progressive states as agricultural labour. What are the major problems of agriculture in India owing to which people have to leave their own land and work as labourer on somebody else s farm/land a. Lack of irrigation facilities, low productivity of land and uncertain monsoon b. Non-availability of fertilizers etc on subscribed rates c. Single crop cultivation iv. All the above 46. As we read these days, many world economics are passing through recession at present. When can an economy be called in recession? a. When a decline occurs in almost all major economic activities b. When the inflation reaches a very high rate or becomes double-digit inflation c. When big financial scams and frauds start taking place iv. All the above 47. Vyas Samman is given for excellence in the field of a. Film b. Literature c. Dance d. Music e. Science & Technology 48. Which of the following is true about the Village Gramin Bank Scheme? a. The scheme was launched to provide safeguards against starvation during the period of natural calamities or lean season b. The grain banks are set up in food-scarce areas like drought-prone areas, hot and cold desert areas, tribal areas and inaccessible hilly areas c. Village Panchayats, who were running village grain banks earlier, are now not authorized to run the same. Instead, the authority is now given t NGOs and SHGs in the village iv. Only A & B v. All A, B & C
49. As per the reports in various newspapers, India is amongst the top five countries in Asia- Pacific region where maximum number or mergers and acquisitions have taken place. What are the main motives behind merges and acquisitions in business? a. To increase revenue or market share b. To get benefit in taxation c. To have monopoly on the market of a particular product iv. Both A & B 50. Which of the following is/are the recommendations of the committee on Financial Inclusion chaired by Dr C Rangarajan? a. Launching of a National Rural Financial Inclusion Plan (NRFIP) in mission mode b. Creation of two funds with NABARD-Financial Inclusion Promotion & Development Fund (FIPF) and Financial Inclusion Technology Fund (FITF) c. Shifting of the rural branches of all nationalized banks under the direct control of NABARD as only NABARD has the expertise in disbursement of rural credit iv. All A, B & C v. Both A & B Answer Key : 1. 1 16. 3 31. 5 46. 1 2. 1 17. 3 32. 2 47. 2 3. 2 18. 5 33. 1 48. 4 4. 1 19. 2 34. 3 49. 1 5. 3 20. 5 35. 1 50. 5 6. 3 21. 4 36. 5 7. 3 22. 4 37. 1 8. 5 23. 5 38. 1 9. 3 24. 5 39. 1 10. 4 25. 1 40. 1 11. 1 26. 4 41. 4 12. 4 27. 2 42. 4 13. 1 28. 1 43. 3 14. 3 29. 2 44. 4 15. 3 30. 2 45. 4