Pandora Box XIII

Pandora Box XIII March 2011


1. Many a times we read in the newspapers that Banks in India partially implement the Narrow banking. In this context, consider the following statements: 
1. In Narrow Banking, Banks just accept deposits and provide loans. 
2. In Narrow Banking, there is rarely Asset Liability Mismatch. 
Which among the above statements is / are correct ?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 is correct
Ans.(B)


2. At which among the following places, Asia’s first EPZ (Export Processing Zone) was set up in 1965?
(A)Surat
(B)Cochin
(C)Kandla
(D)Chennai
Ans.(C)


3.Which among the following is the closest figure to the share of SEZ Exports in India’s Exports in the fiscal year 2010-11?
(A)8.52%
(B)17.68%
(C)25.54%
(D)29.7%
Ans.(D)


4. In recent times, India has been pushing for free trade agreements with ASEAN, South Korea, Individual countries of South East Asia and Japan etc. Why the country is looking for the bilateral agreements when there is a multilateral trading system is existance under the WTO?
(A)The multilateral trading system does not allow reduction of tariff beyond a set level
(B)There is uncertain progress on the Doha global trade talks and it is the need of the hour to try to get bilateral agreements
(C)The bilateral agreements are as per the look east policy of India which is more important that the MTS
(D)All of above
Ans.(B)


5. In which state is located the Wheeler Island , which is used to test various missiles and other defense equipments of India?
(A)Tamil Nadu
(B)Odisha
(C)Gujarat
(D)Andhra Pradesh
Ans.(B)


6. The "Decision Review System" which is making news now a days in relation to the ICC World Cup was first used in a Test between which among the following countries ?
(A)Australia - England
(B)India - Australia
(C)New Zealand - Pakistan
(D)India - Pakistan
Ans.(C)


7. Which among the following is the closest explanation to the 'Opex London 2012'?
(A)Its a new programme of Union Sports Ministry to prepare Indian athletes for 2012 London Olympics
(B)It is a programme of Ministry of Environment and Forests for promoting India's stand for the upcoming summit in London in 2012
(C)It’s a Mega exhibition that is planned in London in 2012 and is going to be world's largest exhibition
(D)None of the above
Ans.(A)


8. Recently, in a seminar, RBI Governor D Subbarao said that Banks need to raise deposit rates in order to encourage savings, and lower lending rates to help the country achieve double-digit growth. In banking terms, which among the following Mr. Subbarao was referring to?
(A)The Net Interest Margin of Banks should go up
(B)The Net Interest Margin of Banks should come down
(C)The Banks should control NPA
(D)Non-interest expenses of the Banks should go down
Ans.(B)


9. A company wishes to establish a Multi Product Special Economic Zone in Manipur. What is the minimum area requirement for this company to fulfill for getting approval for that SEZ ?
(A)5000 Hectare
(B)1000 Hectare
(C)500 Hectare
(D)200 Hectare
Ans.(D)


10. Who among the following is heading the task force that has been set up by the Government to work out the modalities for the proposed system of direct transfer of subsidy for kerosene, LPG and fertilizers?
(A)Suresh Tendulkar
(B)Ashok Chawla
(C)Nandan Nilkeni
(D)C Rangrajan
Ans.(C)


11. Consider the following statements : 
1. Serious Fraud Investigation Office played an active role in investigating the accounts bungling at Satyam Computer Services
2. Serious Fraud Investigation Office is set up as a statutory body in India
Which among the above statements is / are correct ?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 are correct
Ans.(A)


12. Consider the following statements: 
1. Direct Taxes Code (DTC) will replace the Income Tax Act and is proposed to be implemented from 1st April, 2012
2. Direct Taxes Code (DTC) implementation can take place only by Constitutional Amendment 
Which among the above statements is/ are correct ?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both are correct statements
(D)Neither is a correct statement
Ans.(C)


13. Which among the following state has highest number of Export Oriented Units in India?
(A)Tamil Nadu
(B)Maharastra
(C)Karnataka
(D)Andhra Pradesh
Ans.(C)


14.What Kind of Business been referred by C Rangarajan , chairman of the Prime Minister’s Economic Advisory Council as a ‘flawed business model’ in which the companies / Banks primarily leverage on the existing social ties to engage in multiple lending, that too for consumption?
(A)Regional Rural Banks
(B)Micro Finance Companies
(C)Primary Agriculture Credit Societies
(D)District Cooperative Banks
Ans.(B)


15. The world famous global InfoTech and communications fair CeBIT 2011 is organized at which among the following cities?
(A)Shanghai, China
(B)Hanover, Germany
(C)Paris, France
(D)Geneva, Switzerland
Ans.(B)


16.Essam Sharaf has been appointed as Prime Minister of which among the following countries on March 3, 2011?
(A)Libya
(B)Egypt
(C)Tunisia
(D)Albania
Ans.(B)


17.How much amount has been earmarked in the Union Budget 2011-12 to enable Regional Rural Banks to maintain a CRAR of at least 9 per cent as on March 31, 2012?
(A)Rs. 500 Crore
(B)Rs. 600 Crore
(C)Rs. 800 Crore
(D)Rs. 1000 Crore
Ans.(A)


18.Which among the following is the correct objective of the "National Mission for Protein Supplements"?
(A)Promotion of animal based protein production through livestock development, dairy farming, piggery, goat rearing and fisheries
(B)Promotion of plant based protein production through cultivation of Soyabean and other protein rich crops
(C)Both of them
(D)None of them
Ans.(A)


19.The government of India has fixed which among the following target for farmer credits in the year 2011-12?
(A)Rs. 4,00,000 Crore
(B)Rs. 4,50,000 Crore
(C)Rs. 4,75, 000 Crore
(D)Rs. 5,00,000 Crore
Ans.(C)


20.With which of the following countries, India had signed its first Tax Information Exchange Agreements (TIEA) ?
(A)Bahamas
(B)Bermuda
(C)Virgin Islands
(D)Switzerland
Ans.(B)


21.What fraction of the Total plan allocation has been made in the Union Budget 2010-11 for social sector?
(A)29.8%
(B)32.4%
(C)36.4%
(D)37.2%
Ans.(C)


22.On which of the following ‘clean energy cess’ is levied in India?
(A)Gasoline
(B)Domestically produced Coal
(C)Imported Coal
(D)Both 2 & 3
Ans.(D)


23.To combat which among the following problems, the government has announced the Integrated Action Plan (IAP) recently?
(A)Inflation
(B)Terrorism
(C)Naxalism
(D)Natural disasters
Ans.(C)


24.What fraction of the GDP has been kept as Fiscal Deficit for 2011-12 in the recently announced budget?
(A)3.6%
(B)3.5%
(C)4.6%
(D)4.8%
Ans.(C)


25.Which among the following is the capital of Southern Sudan?
(A)Kassala
(B)Juba
(C)Bor
(D)Bentiu
Ans.(B)


26.With which among the following sports, Ian Thorpe is related to?
(A)Athletics
(B)Boxing
(C)Swimming
(D)Racing
Ans.(C)


27.Which among the following is not correctly matched?
(A)Kobe Bryant - Basketball
(B)Andres Iniesta - Tennis
(C)Manny Pacquiao - Boxing
(D)Sebastian Vettel - Formula One
Ans.(B)


28.Which among the following Government has recently signed an agreement called "Project Merlin" with 4 major banks of the country?
(A)Australia
(B)England
(C)France
(D)Germany
Ans.(B)


29.Which among the following country is the host of first International Choir Festival coming up soon?
(A)Japan
(B)Vietnam
(C)Malaysia
(D)Myanmar
Ans.(B)


30.Which among the following film was recently making news for winning 7 BAFTA Awards?
(A)The Social Network
(B)The King's Speech
(C)Black Swan
(D)Inception
Ans.(B)