Pandora Box X

Feb. 2011 Part II 
  
1. Dilma Rousseff is the President of ...
a. Brazil
b. Philippines
c. Singapore
d. None of these
2. Ram Sewak Sharma is associated with which of the following?
a. Army
b. Arts
c. Unique Identifi cation
 Authority of India
d. None of these
3. Mahatma Gandhi National Rural Employment Guarantee Act provides legal guarantee for ..................days of employment, every fi -nancial year to members of any rural household willing to do public work-related unskilled manual work at the statutory minimum wage of
a. 365 days
b. 200 days
c. 100 days
d. 30 days
4. In which Indian state was the AADHAAR program launched?
a. Jammu and Kashmir
b. Karnataka
c. Bihar
d. Maharashtra
5. Manu Joseph is associated with which magazine?
a. The Week
b. Outline
c. Outlook
d. Open
6. Identify the woman has recently been appointed as the governor of South Carolina.
a. Nikki Randhawa Haley
b. Shashi Jindal
c. Sheehan
d. None of these
7. Rajarajeswara temple is located in which state?
a. Kerala
b. Tamil Nadu
c. Karnataka
d. None of these
8. Anand Sharma is associated with …
a. RBI
b. SBI
c. IMF
d. None of these
9. Anil Agarwal is associated with which company?
a. Future Group
b. Maruti
c. Vedanta
d. None of these
10. Which of the following institutions grant the Nobel Prize in Literature?
a. Nobel Foundation
b. Swedish Academy
c. Norwegian Nobel
 Committee
d. Government of Sweden
11. Richard Fred Heck won a Nobel Prize in 2010 in which of the following subjects?
a. Physics
b. Chemistry
c. Biology
d. None of these
12. The Green House has been written by ...
a. Jitendra Lahiri
b. Khushwant Singh
c. John Miller
d. Mario Vargas Llosa
13. Who won the Stirling Prize for 2010?
a. Zaha Hadid
b. Allen John
c. Zubin
d. None of these
14. Who is the new Governor General of Canada?
a. David Lloyd Johnston
b. John Washington
c. Eric Milton
d. None of these
15. Brookside Bungalow is in which of the following Indian states?
a. Assam
b. West Bengal
c. Meghalaya
d. Bihar
16. The government organised first Pravasi Bhartiya Divas outside India in
a. New York
b. Durban
c. Hague
d. Singapore
17. How many countries have so far ratified the Convention on Supplementary Compensation for Nuclear Damage?
a. 3
b. 4
c. 6
d. 8
18. Year 2011 has been offi cially designated by the United Nations as ...
a. International Year of Biotechnology
b. International Year of Space Science
c. International Year of Chemistry
d. International Year of Physics
19. Marange Diamond fields are located in the country of … and it was recently allowed by the Kimberley Process Certification Scheme to sell the diamonds in the international markets agreeing that Marange is Conflict Free.
a. Angola
b. Liberia
c. Zimbabwe
d. Sierra Leone
20. Assam Rifles is headquartered in …
a. Delhi
b. Bangalore
c. Shillong
d. None of these
21. Who will be India's chief Guest at the Republic Day 2011?
a. Susilo Bambang Yudhoyono
b. Rafiq Tarar
c. Dmitriy Medvedev
d. None of these
22. As on december 2009, what is India's Rank in World Uranium Production as per the latest data of World Nuclear Association?
a. 10th
b. 12th
c. 13th
d. 18th
23. Who is the Prime Minister of Poland?
a. Ian Roberts
b. Donald Tusk
c. John Huggs
d. None of these
24. Who is the Union Minister for Ministry of Earth Sciences and Ministry of Science and Technology?
a. Raj Babbar
b. Manmohan Singh
c. Kapil Sibal
d. Sripati Mishra
25. Which of the following is not a Maharatna company?
a. Indian Oil Corporation
b. NTPC Limited
c. Steel Authority of India Limited
d. Bharat Electronics Limited
26. He Yaozu is associated with which of the companies?
a. Sony
b. LG Electronics
c. Samsung
d. Suzlon Energy
27. Damurey is a name of cyclone that stormed ...
a. South Korea
b. China
c. Japan
d. Indonesia
28. In the “March ceremony of 18th Commonwealth Games”, the Indian squad was led by …
a. Maj Rajyawardhan Singh Rathore
b. P. T. Usha
c. Jaspal Rana
d. Kunjarani
29. Identify the cricketer who has bagged 1000 wickets in international cricket.
a. Dennis Lillie
b. Bishan Singh Bedi
c. Chaminda Vass
d. Muthaiya Murlitharan
30. Ranthambhore Wild Life Sanctuary is famous for which of the following animals?
a. Deer
b. Rhino
c. Elephant
d. Tiger
31. What do you mean by “Illegal Tender”?
a. Black money
b. Mutilated cheque
c. Dishonoured cheque
d. None of these
32. In which of the following years was ICICI Bank established?
a. 1991
b. 1992
c. 1993
d. 1994
33. What does Blue Revolution mean?
a. Fisheries
b. Space program
c. Agriculture program
d. None of these
34. Su-30 MK is a combat aircraft from …
a. USA
b. China
c. Germany
d. Russia
35. Which of the personalities said “All animals are equal but some animals are more equal than others”?
a. Asimov
b. Grahm greene
c. George Orwell
d. Karl Marx
36. Who wrote “An Area of Darkness”?
a. Vinita Ketaki
b. Piloo Modi
c. Kiran Desai
d. V.S. Naipual
37. Name the game that started from Manipur and later became popular internationally.
a. Volleyball
b. Archery
c. Polo
d. Chess
38. Karim Masimov is the Prime Minister of which country?
a. Iran
b. Libya
c. Kazakhastan
d. Iraq
39. Who wrote “Future Shock”?
a. Bejan Daruwala
b. Linda Goodman
c. Maa Prem Usha
d. None of these
40. “Saptashava”, a name in Hindu mythology is related to which of the following Gods?
a. Indra
b. Surya
c. Yama
d. Vishnu
41. Winner of the Noble Prize 2006 for literature, Orhan Pamak, is a native of …
a. USA
b. Russia
c. Turkey
d. Egypt
42. Which of the following is not a Raga?
a. Jai Jaiwanti
b. Megh Malhar
c. Bhairavi
d. All are Ragas
43. The name “Valentina Tereshkova” is associated ...
a. Astrology
b. Astronomy
c. Woodcraft
d. Witchcraft
44. “Ramayan” is the work of …
a. Valmiki
b. Sant Tulsidas
c. Vedvyas
d. None of these
45. Which of the following is another name for Lie Detector?
a. Polydetect
b. Polygraph
c. Polyclue
d. Polybus
46. Benigno S. Aquino III is the President of ...
a. South Korea
b. Myanmar
c. Phillipines
d. None of these
47. Identify the person who is a former tennis champion and an actor too.
a. Anand Amritraj
b. Viay Amritraj
c. Roger Federer
d. Andre Aggasi
48. With which game would you associate Ronjan Sodhi?
a. Billiards
b. Swimming
c. Shooting
d. None of these
49. The CBI arrested …, the sacked treasurer of the CWG Organising Committee recently.
a. Ranjan Mullick
b. M. Jayachandran
c. Sushil Kumar
d. None of them
50. Who is the current central vigilance commissioner of India?
a. G.E. Vahanvati
b. P. J. Thomas
c. Ajay Mathur
d. None of these

ANSWERS

1. a. Brazil
2. c. Unique Identifi cation Authority of India
3. c. 100 days
4. d. Maharashtra
5. d. Open
6. a. Nikki Randhawa Haley
7. a. Kerala
8. a. RBI
9. c. Vedanta
10. b. Swedish Academy
11. b. Chemistry
12. d. Mario Vargas Llosa
13. a. Zaha Hadid
14. a. David Lloyd Johnston
15. c. Meghalaya
16. a. New York
17. b. 4
18. c. International Year of Chemistry
19. c. Zimbabwe
20. c. Shillong
21. a. Susilo Bambang Yudhoyono
22. c. 13th
23. b. Donald Tusk
24. c. Kapil Sibal
25. d. Bharat Electronics Limited
26. d. Suzlon Energy
27. a. South Korea
28. a. Maj Rajyawardhan Singh Rathore
29. d. Muthaiya Murlitharan
30. d. Tiger
31. d. None of these
32. d. 1994
33. a. Fisheries
34. d. Russia
35. c. George Orwell
36. d. V.S. Naipual
37. c. Polo
38. c. Kazakhastan
39. d. None of these
40. b. Surya
41. c. Turkey
42. d. All are Ragas
43. b. Astronomy
44. a. Valmiki
45. b. Polygraph
46. c. Phillipines
47. b. Viay Amritraj
48. c. Shooting
49. b. M. Jayachandran
50. b. P.J. Thomas

Pandora Box IX

Pandora Box IX

Feb.2011 Part I

1.Many insurance companies now a days sell the unit linked plans that safeguard the investment of the customer from market fluctuations, so that investments are protected in financially volatile times. The return in these policies are based upon the highest NAV. What does the NAV refer to ?
(A)Nil Asset Variation
(B)Net Asset Variation
(C)Net Asset Value
(D)New Asset Value

2.Which among the following duties is applied by a Government to control the exports of a commodity, so that the commodity can be used by the local markets than in foreign countries?
(A)Custom Duty
(B)Excise Duty
(C)Anti Dumping Duty
(D)Dumping Duty

3.Many a times we read in the newspapers that the Government of India signs DTAA to broaden the scope of article of exchange of information to include exchange of banking information. What does the DTAA refers to here?
(A)Double Taxation Article Agreement
(B)Double Taxation Avoidance Agreements
(C)Double Taxation Avoidance Arrangements
(D)Dual Tax Agreement Arrangement

4.Which among the following gas is used as reference to calculate "Global Warming Potential (GWP)"?
(A)Carbon Dioxide
(B)Methane
(C)Ozone
(D)Nitrogen Di-oxide

5.Many a times we read in the newspapers that in India, while rice (non-basmati) exports are banned, basmati (an aromatic premium rice variety) can be exported without quantitative limits subject to a specified MEP. What does MEP stands for here?
(A)Modified Export Provisions
(B)Maximum Export Permission
(C)Minimum Export Price
(D)Maximum Export Price

6.Which among the following correctly define Pinaka?
(A)A Multi Barrel Rocket Launcher Developed by DRDO
(B)A Missile Developed by DRDO
(C)A Missile imported from Russia
(D)A rocket launcher developed by France

7.Which among the following decides the Oil Prices in India?
(A)Government of India
(B)Government of Respective States
(C)Ministry of Petroleum
(D)Oil Companies

8.We read in the various newspapers that during the period from June, 2009 to September, 2010, the Ministry of Road Transport and Highways has achieved a target of constructing on an average 12.01 km of National Highways per day. However, this achievement is shorter compared to the target of constructing 20 km of Highways per day. To achieve this target, it is essential that at any given point of time approximately __________ of works are under way. Which among the following fills the blank correctly?
(A)10000 Kilometers
(B)15000 Kilometers
(C)20,000 Kilometers
(D)25,000 Kilometers

9.The State Bank of India (Amendment) Bill-2010, which was passed in the parliament in the later half of 2010, apart from other things, reduces the statutory minimum shareholding of the Central Government in the bank from _____to ______%. Which among the following set of figures fills the blank correctly?
(A)59, 52
(B)55, 51
(C)59, 55
(D)62, 51

10.Many a times we read in the newspapers about a term "Core inflation". The Core inflation is different from the general inflation because of the following?
(A)Core Inflation is caused by the supply Shock in certain essential commodities
(B)Core Inflation is the sudden increase in certain items of food grains
(C)Core Inflation is the inflation rate of a particular basket of commodities
(D)Core Inflation is just a misnomer

11.Mutual Funds are regulated in India by which among the following?
(A)RBI
(B)SEBI
(C)Stock Exchanges
(D)RBI and SEBI both

12.Bring out the only incorrect statement:
(A)Liquidity Adjustment Facility operates through daily repo and reverse repo auctions
(B)National Housing Bank can lend money to small scale industries towards their working capital
(C)Board for financial supervision is empowered to supervise primary dealers in India
(D)Norms for classifying assets of banks into standard and sub-standard categories are prescribed by RBI

13.Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?
(A)Reserve Bank of India
(B)Department of Agriculture
(C)NABARD
(D)Department of Finance

14.Which among the following body finalizes the market borrowing programs of State Governments in India?
(A)State Governments
(B)Reserve Bank of India
(C)Union Ministry of Finance
(D)Planning Commission

15.If there is an increase in the external commercial borrowings in India. What will be the impact on the external debt of the country?
(A)Increase
(B)Decrease
(C)Remain unaffected
(D)Either increase or decrease

16.Society for worldwide Inter-bank Financial Telecommunication or SWIFT enables member banks to send funds and statements to each other. In 1977, it was created under the law of which among the following countries?
(A)France
(B)Sweden
(C)Switzerland
(D)Belgium

17.Which among the following is correct about the Vostro Account?
(A)It is an account maintained by a foreign bank with a Bank in India in Indian Rupees.
(B)It is an account maintained by an Indian bank with a Bank in Foreign country in Foreign Currency.
(C)It is an account maintained by a Indian Bank Branch with a Foreign Bank in Foreign Currency.
(D)It is an account maintained by a Foreign Bank Branch with a Indian Bank in Foreign Currency.

18.Which among the following body promoted Securities Trading Corporation of India Limited (STCI) jointly with the Public Sector Banks?
(A)Securities Exchange Board of India
(B)Reserve Bank of India
(C)IDBI Ltd
(D)ICICI Ltd

19.Which among the following is the only correct statement?
(A)Money market meets long term financing needs
(B)Recession in industrial sector in India is normally due to fall in exports
(C)Ways and means advances is given by RBI are nowhere related to State's revenue
(D)Exchange rate is fixed by RBI

20.We read in the newspapers that the Foreign Direct Investments are preferred over the Capital Inflow. In this context, please consider the following :
1. FDI brings in latest technology
2. FDI does not involve large outflow
3. FDI Improves efficiency of the economy
Which among the above is / are most suitable reasons for the given statement?
(A)Only 1
(B)Only 1 & 3
(C)Only 1 & 2
(D)All 1, 2 & 3

21.Consider the following statements in context with Treasury Bills?
1. They are issued by Government of India on behalf of Reserve Bank of India
2. They are mostly for Short term borrowings
3. Treasury Bills can not be purchased by any person resident of India
Which among the above is / are correct ?
(A)All are correct
(B)2 & 3 are correct
(C)Only 2 is correct
(D)Only 3 is correct

22.Bring out the only incorrect statement:
(A)Reverse Repo operation by RBI aims at injecting/increasing liquidity
(B)SDR refers to special drawing rights
(C)Rupee appreciation results in decrease in imports
(D)Increase in inflation rate leads to decline in real interest rate

23.Consider the following statements:
1. Increase in deposit rate results in Higher savings
2. Increase in deposit rate results in fall in credit off takes
3. Increase in deposit rate results in increase in investment
Which among the above statements is / are correct?
(A)1 & 2
(B)1 & 3
(C)1, 2, 3
(D)Only 1

24.Which among the following correctly defines the Net Interest Income?
(A)Interest earned on advances
(B)Interest earned on investments
(C)Total interest earned on advances and investment
(D)Difference between interest earned and interest paid

25.In which among the following types comes the Interest Rate Risk?
(A)Credit risk
(B)Market risk
(C)Operational risk
(D)All the above categories

26.When there is an inflationary trend in the economy, what would be trend in the Pricing of the Bank Products?
(A)Increasing Trend
(B)Decreasing Trend
(C)Constant Trend
(D)There is no relevance of the inflation in pricing of the Banking Products

27.Which among the following is the correct character of the Foreign Exchange Markets?
(A)Foreign Exchange markets are localized markets
(B)Foreign Exchange markets operate within a country’s time zone
(C)Foreign Exchange markets are dynamic and round the clock markets
(D)Foreign Exchange markets are used only for trade related transactions

28.The currency market on a particular day is quoting USD/INR as 45.61/63. At what rate you could by USD?
(A)45.61
(B)45.62
(C)45.63
(D)45.64

29.From time to time, which among the following body publishes the "Exchange Control Manual" in context with the Foreign Exchange in India?
(A)Foreign Trade Promotion Board
(B)Department of Commerce
(C)Reserve Bank of India
(D)SEBI

30.What do we call an arrangement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?
(A)Bill of Exchange
(B)Letter of Exchange
(C)Letter of Credit
(D)Bill of Entry



Answers:
1.(C) 6.(A) 11.(B) 16.(D) 21.(C) 26.(A)
2.(A) 7.(D) 12.(B) 17.(A) 22.(C) 27.(C)
3.(B) 8.(C) 13.(C) 18.(B) 23.(B) 28.(C)
4.(A) 9.(B) 14.(D) 19.(C) 24.(D) 29.(C)
5.(C) 10.(C) 15.(A) 20.(A) 25.(B) 30.(C)