Friday, November 26, 2010

SBI-PO Exam 2008

State Bank of India PO

General Awareness & Computer Knowledge
(Held on 27-07-2008)

1. Which of the following statement(s) reflects India's stand on new World Trade Organization's
proposal on the issue of the subsidy to agro products ?
(1) India would protect the interest of its poor farmers who can not bear the burden of the cost of the
products if they have to sell them on cheaper rate.
(2) Indian industry needs more flexibility as compared to the industry in developed countries.
(3) WTO has set up a new committee under the chairmanship of Putin of Russia to look into the issue
of subsidy and find out a solution to the problem acceptable to all the parties.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
Ans : (A)
2. Which of the following statement(s) is / are true about the 11th five year plan of India ?
(1) The highest priority is given to exports ,education and development of steel sector.
(2) The plan aims at achieving the growth at 10 % level by the end of the plan.
(3) The Rashtriya Krishi Vikas Yojana is revived in such a way so that it can be achieve a growth nof 4
% for agriculture sector.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
Ans : (D)
3. As per the figures released recently the Stock markets in emerging economies made handsome
returns last year (2007-08). Which of the following stock markets amongst the BRIC nations registered
highest increased (97 %) compared to its performance in 2006-07 ?
(A) China
(B) Brazil
(C) Russia
(D) India
(E) None of these
Ans : (A)
4. Bayana which was in news recently is a place in—
(A) Uttar Pradseh
(B) Madhya Pradseh
(C) Bihar
(D) Haryana
(E) Rajasthan
Ans : (E)
5. Which of the following statement (s) is / are correct about the Indo-Russia Bilateral Defence Ties ?
(1) Both the countries have decided to produce a fifth generation fighter aircraft and a multi role cargo
plane.
(2) India has agreed to launch Russian missiles from its base at Chandipur incase some other nation
attacks on Russia
(3) India and Russia were able to sort out differences over the utilization of Rupee debt fund which is
of Rs. 8000 crore at present.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 3 only
(E) None of these
Ans : (A)
6. India has recently decided to put a wire fence on the 76 km. long border in Dhudri district in Assam.
The fence will separate India from—
(A) Nepal
(B) China
(C) Bangladesh
(D) Myanmar
(E) Pakistan
Ans : (C)
7. As we all know the Govt. of India is very keen about providing banking service to the people in rural
and remote areas . However , banks feel that the cost of providing services in these areas for financial
inclusion is quite high if services are offered through the "traditional branch channel ". What is / are the
other alternative cost effective channel(s) to fulfill this aim of the Govt. of India ?
(1) Putting biometric ATMs.
(2) Introduce mobile banking.
(3) Issue credit or debit cards
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 & 3
(E) None of these
Ans : (B)
8. The Govt. of India recently issued a notification altering constituencies in 24 States and Union
territories. This is done as per the provision of which of the following Acts?
(A) Delimitation Act
(B) Census Act
(C) Parliament Act
(D) State Reorganization Act
(E) None of these
Ans : (A)
9. As we read very frequently in the newspaper fraudulent activities in financial world is still
continuing despite various efforts made by various countries to prevent them. As an estimate by IMF,
what is the probable amount derived from such illegal activities which is laundered through the world's
formal financial systems every year? About -
(A) US$ 500 billion
(B) US$ 800 billion
(C) US$ 1000 billion
(D) US$ 1250 billion
(E) US$ 1500 billion
Ans : (A)
10. Indian Prime Minister during his visit the Arunachal Pradseh a few months back asserted that the
State is India's Land of Rising Sun. Which of the following countries did not like his statement and had
raised some objection over his visit to Arunachal Pradseh which is very much a part of India?
(A) Myanmar
(B) China
(C) Bangladseh
(D) Bhutan
(E) Nepal
Ans : (B)
11. Which of the following is the amount of insurance cover provided to the workers of the
unorganized sector under Rashtriya Swasthya Bima Yojana?
(A) Rs. 10,000/-
(B) Rs. 20,000/-
(C) Rs. 30,000/-
(D) Rs. 40,000/-
(E) Rs. 50,000/-
Ans : (C)
12. Which of the following is NOT one of the highlights Economic Survey presented in the Lok Sabha
for the year 2007-08?
(A) Economy has "moved to higher growth phase"
(B) A trend of acceleration in domestic investment and saving rate is recorded.
(C) Buoyant growth in Govt. revenue.
(D) Indian Economy at market rate of exchange crossed 1 trillion US$ in current fiscal.
(E) Net Foreign direct Investment increased by 350% .
Ans : (E)
13. Which of the following is / are correct about sub prime crisis which was in news recently?
(1) It has reduced the flow of capital coming of Indian Stock Markets.
(2) The sub prime crisis is the major financial crisis whose origin is in the Russia and Brazil.It has
adversely affected the economy of Europe and USA.
(3) The crisis started when some people started trading with false Share certificates of major blue chip
US companies in the stock markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
Ans : (D)
14. The Prime Minister Gram Sadak Yojana (PMGSY) has a target to connect all habitations of which
of the following levels with all weather roads by 2008-09?
(A) 1000+
(B) 2000+
(C) 3000+
(D) 4000+
(E) None of these
Ans : (A)
15. As we all know the value of the Indian rupee has appreciated in the recent past . The value of the
Rupee is direct dependent on which of the following?
(A) Availability of commodities in the market.
(B) VAT introduced by the Govt. on various commodities.
(C) Size of total Forex Reserve of India currently.
(D) Capital flow in the market during a given period of time.
(E) None of these
Ans : (A)
16. Which of the following banks has taken over the Centurion Bank of Punjab?
(A) ICICI Bank
(B) IDBI Bank
(C) HDFC Bank
(D) AXIS Bank
(E) None of these
Ans : (B)
17. As per provision made in Bharat Nirman Programme the pace of creation of irrigation facilities is
required to be raised from present level of 1.42 million hectare per year in such a way so that it can
achieve the target level fixed for the same?
(A) 1.50 million hectares / year
(B) 1.75 million hectares / year
(C) 2.00 million hectares / year
(D) 2.25 million hectares / year
(E) 2.50 million hectares / year
Ans : (D)
18. Inflation has become major area of concern in India these days. What measures do the Govt. of
India / RBI normally take to control the same?
(1) Fixation of Maximum Price of the Commodities
(2) System of Dual prices.
(3) Increased in supply of food grains.
(4) Control on credit and liquidity in market.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2, 3 & 4
(E) All 1, 2, 3 & 4
Ans : (D)
19. How much Education Cess is being levied on all the taxes to support elementary education for the
children of age group of 6-14 years under Sarva Shiksha Abhiyan (SSA)?
(A) 0.50%
(B) 0.75%
(C) 1.00%
(D) 1.50%
(E) 2.00%
Ans : (E)
20. Which of the following is / are correct about various concessions given in the Union Budget for
2008-09?
(1) Five years tax holidays for setting up hospitals in Tier II & Tier III regions for providing health care
in rural areas.
(2) Commodities tax transaction to be introduced.
(3) Banking cash transaction tax withdrawn.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2 & 3
(E) All 1, 2 & 3
Ans : (E)
21. Which of the following statements reflects the aim(s) Jawaharlal Nehru National Urban Renewal
Mission (JNNURM)?
(1) Give focused attention to integrated development of infrastructure in selected cities.
(2) Provide basic services to the urban poors
(3) Scale up civic amenities and provision of utilities in urban areas.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 & 3
(E) None of these
Ans : (D)
22. The Press Freedom Day is observed on which of the following days?
(A) 1st May
(B) 1st June
(C) 3rd May
(D) 3rd June
(E) 10th June
Ans : (C)
23. As per the decision taken by the Govt. of India now the National Rural Employment Guarantee Act
is extended to all the districts of India. This means : it will now be applicable to about—
(A) 200 districts
(B) 300 districts
(C) 400 districts
(D) 500 districts
(E) 600 districts
Ans : (E)
24. As per the reports published by the Ministry of Finance recently the overseas borrowings by the
Corporates and currency fluctuation has gone up by which of the following percentage points? About—
(A) 1%
(B) 2%
(C) 3%
(D) 4%
(E) 5%
Ans : (C)
25. The Govt. of India and Reserve Bank of India is planning to set up an autonomous "ATM
corporation of India" in which various banks can get together for common ATM operations. If this
happens how will we all be benefited by the same?
(1) It will be a cost effective measure as each bank can share its operational cost with others.
(2) Clients can withdrawn money from any ATM from any location. They are not required to go to their
banks' ATM only.
(3) It will indirectly help the IT business also as India has a large pool of IT skilled manpower waiting
for suitable placement.
(A) Only 1
(B) Only 2
(C) Both 1 & 2
(D) All 1, 2 & 3
(E) None of these
Ans : (C)
26. As per the news published in various newspapers the Govt. of India has decided to create a
Strategic Reserve of—
(A) Oil & Petroleum
(B) Rasoi Gas
(C) Food grains
(D) Cement & Steel
(E) None of these
Ans : (C)
27. The Govt. of India had constituted a high level committee on financial sector reforms with
Raghuram G.Rajan as its Chairman. Which of the following is / are the recommendations of the
committee?
(1) Liberalize the interest rate that banks/institution can charge to ensure credit for poors.
(2) Create an office of the Ombudsman exclusively for financial sector.
(3) Do not allow foreign investors in domestic stock markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
Ans : (E)
28. Yves Leterme has taken over as the prime minister of—
(A) Newzealand
(B) Belgium
(C) Croatia
(D) Portugal
(E) None of these
Ans : (B)
29. The State Bank of India recently opened its 10000th branch in Puduvayal (Tamil Nadu). Only a
bank in China has more branches than State Bank of India in the world. What is the name of that
Chinese bank?
(A) Shanghai Commercial Bank
(B) Bank of China
(C) China Banking Corporation
(D) Industrial and Commercial Bank of China
(E) None of these
Ans : (D)
30. Many a times we read about 'Globalization' and its impact on business practice in India. Which of
the following is NOT one of the important parameters of 'Globalization'?
(1) Reduction of trade barriers to permit free flow of goods and services amongst various nations.
(2) Developing an environment in which free flow of capital can take place.
(3) Promoting local industry to cater to the needs of the consumers in Tier II and Tier III cities. The
production from metros should be reserved only for exports.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) Both 2 & 3
Ans : (D)
31. 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
(E) None of these
Ans : (A)
32. As per news published in newspapers the Oil & Natural Gas Commission (ONGC) has purchased
some oil assets in Latin American Countries along with one other major company of India . What is the
name of that company?
(A) Hindustan Petroleum Corporation
(B) Indian Oil Corporation
(C) Reliance Industries Ltd.
(D) National Mineral Development Corporation of India
(E) None of these
Ans : (E)
33. India's First centre to monitor climate change was opened recently at—
(A) New Delhi
(B) Chennai
(C) Jaipur
(D) Bangalore
(E) Kolkata
Ans : (B)
34. Which of the following Acts was framed specially to deal more effectively with the problem of
Non-Performing Assets in banking system?
(A) SARFAESI ACT.
(B) Banking Regulation Act.
(C) Foreign Exchange Management Act.
(D) Industrial Dispute Act.
(E) None of these
Ans : (A)
35. The————shows all the websites and pages that you have visited over a period of time.
(A) status bar
(B) task bar
(C) history list
(D) tool bar
(E) None of these
Ans : (C)
36. A proxy server is used for the which of the following?
(A) To provide security against unauthorized users
(B) To process client requests for web pages
(C) To process client requests for database access
(D) To provide TCP/IP
(E) None of these
Ans : (A)
37. A repair for a known software bug,usually available at no charge on the internet, is called a(n)—
(A) version
(B) Patch
(C) Tutorial
(D) FAQ
(E) None of these
Ans : (B)
38. In the URL http://www.prenhall.com, the portion lebelled http is the—
(A) host
(B) domain name
(C) protocol
(D) top-level domain
(E) None of these
Ans : (C)
39. Which of the following organizations has recently given a US$ 600 million loan to Power Grid
Corporation of India,a Govt. run organization?
(A) Asian Development Bank
(B) World Bank
(C) International Monetary Fund
(D) Bank of America
(E) None of these
Ans : (B)
40. The ability to easily add additional users meAns : that a network is—
(A) Scalable
(B) dedicated
(C) Decentralized
(D) Secure
(E) None of these
Ans : (A)
41. In a database, a field is a—
(A) lable
(B) table of information
(C) group of related records
(D) category of information
(E) None of these
Ans : (C)
42. The number of pixels displayed on a screen is known as the screen—
(A) resolution
(B) colour depth
(C) refresh rate
(D) viewing size
(E) None of these
Ans : (A)
43. Wor processing , spreadsheet , and phoyo-editing are example of—
(A) application software
(B) system software
(C) operating system software
(D) platform software
(E) None of these
Ans : (A)
44. If you wish to extend the length of the network without having the signal degrade, you would use a

(A) repeater
(B) router
(C) gateway
(D) switch
(E) None of these
Ans : (A)
45. A————is approximately a million bytes.
(A) gigabyte
(B) kilobyte
(C) megabyte
(D) terabyte
(E) None of these
Ans : (C)
46. The time it takes a device to locate data and instructions and make them available to CPU is known
as—
(A) clock speed
(B) a processing cycle
(C) CPU speed
(D) access time
(E) None of these
Ans : (D)
47. ——————controls the way in which the computer system functions and provides a means : by
which users are interact with the computer.
(A) The platform
(B) The operating system
(C) Application software
(D) The motherboard
(E) None of these
Ans : (B)
48. ——————meAns : that the data contained in a database is accurate and reliable.
(A) Data redundancy
(B) Data integrity
(C) Data reliability
(D) Data consistency
(E) None of these
Ans : (B)
49. A(n) —————— is aprivate corporate network,used exclusively by company employees.
(A) Internet
(B) local area network
(C) peer-to-peer
(D) intranet
(E) None of these
Ans : (B)
50. A characteristic of a file server is which of the following?
(A) Manages file operations and is shared on a network
(B) Manages file operations and is limited to one PC
(C) Acts as fat client and is shared on a network
(D) Acts as fat client and is limited to one PC
(E) None of these
Ans : (A)

Wednesday, November 24, 2010

RBI Exam General Awareness

GENERAL AWARENESS
 
 
1. In economic field, very often, the term ? Price Index? is used. If the Price Index in May 1985 was 355,
then what does it mean?
A) The prices on the average were more than three and
a half times as much.
B) The prices were 255 per cent higher than what they
were in 1970-71 (the earlier base year).
C) As compared to the earlier base year, May 1985 was
full of various commodities and the supply was 300 times
better than the earlier years.
Which of these statements is/are true ?
(1) Only A
(2) Only B
(3) Only C
(4) Only A & B
(5) None of these
Ans: ( 2 ) Only B
2. Various measures are used by the State to control
the inflation. These can be
A) Price control
B) Monetary measures
C) Fiscal measures
Which of these is/are known as the suppressed inflation ?
(1) Only A
(2) Only B
(3) Only C
(4) A & B both
(5) None of these
Ans: ( 4 ) A & B both
3. The High Court of which of the following States set
aside the decision of the State Government to overturn the
creation of nine districts and four commissioner divisions
(created by the earlier Government) ?
(1) Rajasthan
(2) Orissa
(3) Himachal Pradesh
(4) Tamil Nadu
(5) Uttar Pradesh
Ans: ( 2 ) Orissa
4. The Government of India recently issued norms for
Indian Depository Receipts (IDRs). Which of the following
is NOT TRUE in this regard ?
(1) The companies would have a pre-issue paid
up capital and free reserves of at least 500 million US $.
(2) Average turnover of the company should be
500 million US $.
(3) The norm of average turnover of 500 million
US $ should be during the three preceding years of
financial performance.
(4) The company should have declared a dividend
of not less than 10% during the last five years.
(5) All such companies need prior nod of SEBI.
Ans: ( 4 ) The company should have declared a
dividend of not less than 10% during the last five years.
5. Who among the following has issued various
accounting standards to be followed by the various
companies in India?
(1) Registrar of Companies
(2) Ministry of Finance, Government of India
(3) Accounting Standards Board of ICAI
(4) Indian Bureau of Standards
(5) World Trade Organisation (WTO)
Ans: ( 4 ) Indian Bureau of Standards
6. How much amount an individual resident can now
borrow from the close relatives residing outside India (As
per new RBI norms)?
(1) US $ 100000 only or its equivalent
(2) US $ 150000 only or its equivalent
(3) US $ 200000 only or its equivalent
(4) US $ 250000 only or its equivalent
(5) None of these
Ans: ( 3 ) US $ 200000 only or its equivalent
7. Growth of credit in agriculture, despite its
priority sector status, has remained a persistent problem
in the economy. According to the RBI, domestic banks must
allocate what percent of their advances to the agricultural
sector (including direct and indirect finances)?
(1) 8%
(2) 12%
(3) 15%
(4) 18%
(5) None of these
Ans: ( 5 ) None of these
8. In July 2003, the banks were asked to reduce their
lending rate to agricultural credit to he extent of ? (for
loans below Rs. 50,000).
(1) 6.5%
(2) 7.5%
(3) 9%
(4) 10%
(5) None of these
Ans: ( 1 ) 6.5%
9. In the financial transaction of the Government, we
often hear a term ?Deficit Financing?. Deficit Financing
is
A) Practised whenever Government expenditure exceeds
the receipts from the public.
B) That part of the Government expenditure which is
met by drawing down the cash balance of the Government held
in RBI or in State treasuries.
C) That part of the Government expenditure which is
required to be compensated by printing new notes/supply of
fresh currency notes in the market.
Which of these statements is/are correct?
(1) Only A
(2) Only A & B
(3) Only C
(4) Only B
(5) None of these
Ans: ( 3 ) Only C
10. In commercial and trade world, very often, we hear
a term ?Free Trade?. What does it really mean?
A) It means no restriction on the movement of goods
between two countries or a group of countries.
B) It means no custom duty or any other tax or duty on
the goods supplied to each other by the countries.
C) It means exchange of goods between the countries to
overcome shortage of particular type of goods.
D) It means a particular nation is allowed to sell its
goods all over the world without any restriction on the
quantity.
Which of these statements is/are correct?
(1) Only A
(2) Only B & C
(3) Only C & D
(4) Only C & A
(5) Only D
Ans: ( 2 ) Only B & C
11. Which of the following statements is/are correct
pertaining to the problems with agricultural credit?
A) Private sector banks are not given any target of
agricultural lending. Hence, they do not lend anything to
farmers.
B) Majority of farmers are not able to afford the cost
of borrowing or not able to guarantee their loan from the
banks.
C) Most of the Co-operative Banks are defunct. Hence,
they are not lending to the farmers.
Which of these statements is/are true?
(1) Only A
(2) Only B
(3) Only A & B
(4) Only C
(5) Only B & C
Ans: ( 1 ) Only A
12. India?s population is likely to reach at which
level during 2026 A.D. ?
(1) 1 billion
(2) 1.2 billion
(3) 1.4 billion
(4) 1.6 billion
(5) None of these
Ans: ( 1 ) 1 billion
13. The Rural Infrastructure Development Fund (RIDF) is
established with ?
(1) NABARD
(2) RBI
(3) SBI
(4) ICICI Bank
(5) None of these
Ans: ( 3 ) SBI
14. Why was the name of B.K. Chaturvedi recently in the
news?
(1) He has taken over as the India?s High
Commissioner to U.K.
(2) He will be the new Cabinet Secretary in the
Union Government.
(3) He will be the new Deputy Speaker of the
Lok Sabha
(4) He will be our permanent representative in
the UNO
(5) None of these
Ans: ( 4 ) He will be our permanent
representative in the UNO
15. India is set to have a revised or new series of the
Index of Wholesale Price (WPI) very soon, as the base year
will now be
(1) 1990-91
(2) 1985-86
(3) 1989-90
(4) 1993-94
(5) None of these
Ans: ( 2 ) 1985-86
16. The farm income insurance scheme announced by the
Union Government is presently being run in how many
districts ?
(1) 20
(2) 50
(3) 100
(4) 150
(5) None of these
Ans: ( 1 ) 20
17. As per the reports of the Census 2001, the Prime
reason for male migration to urban areas has been
employment and business. But what has been the reason of
migration of the young females to urban areas ?
A) Marriage
B) Educational Purposes
C) Job Opportunities
Which of these is/are the correct reasons(s)?
(1) Only A
(2) Only B
(3) Only C
(4) Only A & B
(5) None of these
Ans: ( 3 ) Only C
18. As per the migratory trend seen in the recent past,
the outflow of people from which of the following States is
the maximum ?
(1) Uttar Pradesh
(2) Bihar
(3) Madhya Pradesh
(4) Kerala
(5) None of these
Ans: ( 1 ) Uttar Pradesh
19. Which of the following is likely to convert itself
into a bank ?
(1) SIDBI
(2) ECGC
(3) IDFC
(4) SEBI
(5) None of these
Ans: ( 1 ) SIDBI
20. As per the census 2001, the number of million plus
cities in India is
(1) 20
(2) 24
(3) 35
(4) 42
(5) 52
Ans: ( 2 ) 24
21. As per the reports from the Ministry of Health and
Family Welfare, the three important causes of mortality in
India are
(1) Tuberculosis, Typhoid and Malaria
(2) Malaria, Polio, Cancer
(3) Cancer, Heart ailments, Polio
(4) Polio, Malaria, Heart ailments
(5) None of these
Ans: ( 4 ) Polio, Malaria, Heart ailments
22. As per the recent decision taken by the Government
of India, now the students after passing which of the
following examinations are not required to have a
stamp ?Emigration check required? on their passports?
(1) MBA from IIMs or any other university
(2) B.E. or B.Tech. degree
(3) Class XII
(4) Medical degree in Ayurved System
(5) None of these
Ans: ( 4 ) Medical degree in Ayurved System
23. About 35 multistate Co-operative Banks are likely
to come under the Banking Regulation Act as the Government
is going to issue an ordinance to that effect in days to
come. It was required to be done as
A) Co-operative Banks are in bad shape and their
restructuring is very much needed.
B) RBI recommended that Government should issue an
ordinance to this effect.
C) The Supreme Court of India has issued an order
which says that RBI does not have authority to issue
licences to multistate Co-operative Banks.
Which of these statements is/are true?
(1) Only A
(2) Only B
(3) Only C
(4) Only A & C
(5) None of these
Ans: ( 5 ) None of these
24. Which of the following schemes/programmes is/are
now part of the ?Swarna Jayanti Shahari Rojgar Yozana?
(SJSRY) ?
A) Nehru Rozgar Yojana (NRY)
B) Urban Basic Service for the Poor (UBSP)
C) Prime Minister?s Integrated Urban Poverty
Eradication Programme (PMIUPEP)
D) India Mahila Yojana
Choose the correct alternative :
(1) Only A
(2) Only A & B
(3) Only A & D
(4) Only D
(5) Only A, B & C
Ans: ( 5 ) Only A, B & C
25. Which of the following is the aim of the ?Jan
Shree Bima Yojana? of the Union Government launched in 2000?
(1) To provide food security to the rural poor.
(2) To provide Insurance Security to the people
living below poverty line
(3) To provide Insurance cover to the women
(4) To provide Insurance cover to the children
whose parents died in the earthquake in Bhuj a few years
back
(5) None of these
Ans: ( 5 ) None of these
26. Which of the following is the objective of the
International Monetary Fund (IMF) ?
A) To minimize imbalances in quantum and duration of
the international trade.
B) To provide subsidy to the third world countries so
that they may complete with developed nations.
C) To ensure exchange rate stability.
Which of these objectives is correct ?
(1) Only A
(2) Only A & B
(3) Only B
(4) Only A & C
(5) None of these
Ans: ( 1 ) Only A
27. The performance of Public Sector Banks during the
year 2003-04 has been
A) Slightly lower than during 2002-03
B) Much better than the year 2002-03 for all PSBs
C) Same as it was in the year 2002-03
D) Slightly better for some banks like SBI and its
Associates.
(1) Only A
(2) Only B
(3) Only A & D
(4) Only D
(5) None of these
Ans: ( 5 ) None of these
28. Prime Minister Manmohan Singh recently in a meeting
expressed his desire that an early and smooth Value Added
Tax (VAT) is very much needed in the country. How the
introduction of VAT will be helpful for a country like
India?
A) VAT will avoid cascading of taxes.
B) VAT is expected to enhance revenues in the medium
term.
C) Some State Governments may have to lose a
substantial amount of Sales Tax as the Centre will have a
greater share in taxes, but the same will be compensated
later on by providing subsidies on certain items.
Which of these statements is/are true?
(1) Only A
(2) Only B
(3) Only A & B
(4) Only C
(5) A, B and C
Ans: ( 1 ) Only A
29. Which of the following statements(s) is/are true
about the Member of Parliament Local Area Development
Scheme (MPLADS) ?
A) The scheme was introduced in the year 1977.
B) Under the scheme, every MP can spend Rs. 2 crore
every year on some developmental activity in his/her area.
C) Around 6.8 lakh works were recommended by the MPs
during the past years out of which about 4.5 lakh were
completed by the year 2002.
(1) Only A
(2) Only A & B
(3) Only B
(4) Only B & C
(5) None of these
Ans: ( 3 ) Only B
30. According to the World Trade Organisation (WTO),
Anti Dumping measures can be imposed by a country in which
of the following situations ?
A) When hazardous nuclear and radioactive waste is
dumped in the sea or coastal area of a country by some
other nation.
B) When some products that have been dumped in the
market in such a way that they cause material injury to
domestic industry.
C) When some substandard agricultural products are
dispatched to a country to meet the balance of payment
requirements.
(1) Only A
(2) Only C
(3) Only B
(4) Only A & B
(5) Only B & C
Ans: ( 5 ) Only B & C
31. Which of the following is the one major function of
the finance Commission set up by the Union Government once
every five years ?
A) To determine the share of the States and the Centre
out of the Tax receipts.
B) To determine the minimum support prices of all
major agricultural commodities.
C) To introduce the new taxes to be levied by the
State and the Union governments.
(1) Only A & B
(2) Only B & C
(3) Only B
(4) Only C
(5) Only A
Ans: ( 5 ) Only A
32. Which of the following States is adjudged superior
to most State in India in human development?
(1) Tamil Nadu
(2) Gujarat
(3) Maharashtra
(4) Karnataka
(5) None of these
Ans: ( 5 ) None of these
33. Which of the following statement(s) about
industrial output of India during the recent past is/are
true (in last few months)?
A) Industrial output surges 9.4%.
B) Food production was increased by 15%.
C) Manufacturing growth was 3.33%.
(1) Only A
(2) Only B
(3) Only C
(4) Only A & B
(5) Only B & C
Ans: ( 3 ) Only C
34. What are the objectives of the Task Force, out of
A, B, C and D given below, set up to suggest the modalities
for the implementation of interlinking of rivers?
A) To augment irrigation potential.
B) To fulfill the growing need of water.
C) To generate additional power.
D) To facilitate transportation in the country through
inland waterways.
(1) Only A & B
(2) Only B & C
(3) Only C & D
(4) Only D & A
(5) All A, B, C & D
Ans: ( 5 ) All A, B, C & D
35. Which of the following statement(s) about India?s
forex kitty is/are true?
A) India?s forex kitty grows fastest in the world.
B) India?s forex reserves registered a 169% growth
during two and a half years period ended in April 04.
C) India?s forex reserves growth established a huge
lead over the economics of the countries like U.K., USA and
Japan.
(1) Only A
(2) Only B
(3) Only C
(4) Only A & B
(5) All the three
Ans: ( 1 ) Only A
36. Which of the following correctly defines what
National Income means ?
A) It is the total earning of the employees of the
Central Government, all the State governments, all MLAs,
MPs and Ministers, etc. put together.
B) It is aggregate factor income which arises from the
current production of goods and services by the economy of
a country.
C) It is the total value of the goods produced in
various production centers run by the State and Union
Governments.
(1) Only A
(2) Only B
(3) Only C
(4) Only B & C
(5) None of these
Ans: ( 5 ) None of these
37. The increase in the world population has been
accompanied by a major shift in its distribution. The
share of the developed countries in the world population is
approximately.
(1) 15%
(2) 20%
(3) 25%
(4) 33%
(5) 38%
Ans: ( 4 ) 33%
38. Which of the following statements is/are true?
A) A substantial part of the population of the South
Asian countries do not have access to the safe drinking
water.
B) The pattern of water consumption in the region is
about 95% in agriculture and remaining 5% in industries.
No water for domestic use.
C) The time is such that almost one out of the four
hospital beds is occupied by a patient who is ill because
of water pollution.
(1) A & C only
(2) Only A
(3) Only C
(4) Only A & B
(5) A, B & C
Ans: ( 2 ) Only A
39. Which of the following is not the short name of a
programme designed for the employment generation?
(1) EAS
(2) PMIUPEP
(3) TRYSEM
(4) CAPART
(5) SJGSY
Ans: ( 1 ) EAS
40. Which of the following is NOT a part of the
Annapurna Yojana?
A) Every family will be provided 10 kg of food grains
if they are a family identified as living below poverty
line.
B) All those who were getting pension as Senior
Citizens are covered under the Scheme.
C) Only women are covered under this scheme.
(1) Only a
(2) Only B
(3) Only A & B
(4) Only C
(5) All A, B & C
Ans: ( 5 ) All A, B & C
41. The RBI announces Credit Policy twice in a year.
What is the significance of the Credit Policy. Which of
the following is/are the CORRECT statement(s) in this
regard?
A) It is a measure to influence the amount of money
and credit in Indian economy.
B) Credit Policy is a control on the rate of interest
offered by the Banks on their products.
C) It is an indication to the market that how they can
plan their production decisions.
D) It is the green signal to the Union Government that
they can plan their budget and introduce new taxes if they
so desire.
(1) Only A
(2) Only A & B
(3) Only B & C
(4) Only A, B & C
(5) None of these
Ans: ( 4 ) Only A, B & C
42. The RBI has four chief weapons to control or
maintain desired equilibrium in the economy of the
country. Which of the following is NOT one of them?
(1) Open market operations
(2) Reserve requirement (banks have to keep a
part of deposits in reserve)
(3) Repo rate
(4) Bank rate
(5) Introducing new taxes/levies, etc.
Ans: ( 3 ) Repo rate
43. The Government of India is seriously thinking to
repeal which of the following acts?
(1) FERA
(2) FEMA
(3) Rent Control Act
(4) POTA
(5) None of these
Ans: ( 4 ) POTA
44. Which of the following statements is/are correct in
respect of the exports of jewellery from India (Pick up
correct statements)?
A) Last year, the export of gems and jewellery from
India reached at a level of US $ 10 billion for the first
time.
B) India got top position in exports market of gems
and jewellery because of higher unit value realization for
cut and polished diamonds in which India dominates.
C) China & South Africa are the India?s two major
competitors in the field of exports of gems and jewellery.
(1) Only A & B
(2) Only B
(3) Only B & C
(4) Only C
(5) Only A & B
Ans: ( 4 ) Only C
45. Approximately, what percent of the total oil
production of the world is produced by OPEC nations ?
(1) 33%
(2) 45%
(3) 50%
(4) 65%
(5) 75%
Ans: ( 4 ) 65%
46. Which of the following countries announced that it
will help Pakistan to build a nuclear power plant ?
(1) S. Korea
(2) China
(3) Russia
(4) France
(5) None of these
Ans: ( 1 ) S. Korea
47. Noise pollution is measured in
(1) Microns
(2) Nautical miles
(3) Ohms
(4) Amperes
(5) Decibels
Ans: ( 5 ) Decibels
48. The reservation of seats for SCs and STs in the
Parliament is extended for a period of how many years after
2000?
(1) 5 years
(2) 6 years
(3) 8 years
(4) 10 years
(5) None of these
Ans: ( 4 ) 10 years
49. Which of the following non-trade issues has taken a
dominance in WTO agenda?
(1) Patents
(2) Genetically-modified crops
(3) Free trade
(4) Environment
(5) None of these
Ans: ( 5 ) None of these
50. Which of the following cities is famous for trading
of diamonds in India?
(1) Jaipur
(2) Surat
(3) Mumbai
(4) Bangalore
(5) None of these
Ans: ( 5 ) None of these