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1.TaraporeCommitteesubmitteditsreportonFullConvertibilityonRupeein
a)Currentaccountb)Capitalaccount
c)Bothoncurrentaswellasoncapitalaccount
d)SpecialDrawingRights(SDRs)e)Noneofthese
2.CENVATisrelatedto
a)SalesTaxb)ExciseDutyc)CustomDutyd)ServiceTax
e)Noneofthese
3.NABARDwasestablishedontherecommendationof
a)PublicAccountsCommitteeb)ShivaramanCommittee
c)NarasimhamCommitteed)KhandelwalCommitteee)Noneofthese
4.SampurnaGraminRozgarYojanahasbeenlaunchedfrom
a)1Apr2001b)25Sep2001c)30Sep2001
d)Noschemeofsuchtitlehasyetbeenlaunchede)Noneofthese
5.VATisimposed
a)Directlyontheconsumerb)Onthefinalstageofproduction
c)Onthefirststageofproduction
d)Onallstagesbetweenproductionandfinalsalee)Noneofthese
6.KutirJyotischemeisassociatewith
a)Promotingcottageindustryinvillages
b)Promotingemploymentamongruralunemployedyouth
c)Providingelectricitytoruralfamilieslivingbelowthepovertyline
d)Allofthesee)Noneofthese
7.CAPARTisrelatedwith
a)Assistingandevaluatingruralwelfareprogrammesb)Computerhardware
c)Consultantserviceofexportpromotion.
d)Controllingpollutioninbigindustriese)Noneofthese
8.ThenoteissuingdeptofRBIshouldalwayspossessaminimumgoldstockworth
a)Rs.85croreb)Rs.115crorec)Rs.200crore
e)Rs.215croree)Noneofthese
9.WeveryfrequentlyreadaboutEuropessovereigndebtcrisisthesedays.Whichofthefollowingstatements/is/aretrueaboutthesame?
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A)Inearly2010theEuroCrisisdevelopedinsomecountrieslikeGreece,SpainandPortugal.
B)ThiscreatedacreditdefaultswapbetweenthecountriesoftheEuropeanUnion.
C)SAARCcountrieshaveofferedsomeassistancetosomeoftheseverelyaffectedcountrieslikePortugal,SpainandGreece.
a)OnlyAb)OnlyBc)OnlyA&Bd)AllA,B&Ce)Noneofthese
10.Aswealknow,theRBIraisedtheCashReserveRatio(CRR)by25bpsinApril2010.Whatactionwillbankswillhavetotaketoimplementthesame?
A)TheywillhavetodepositsomemoremoneywiththeRBIasreservedmoney.
B)Bankswillberequiredtogivesomemoreloantoprojectsoftheprioritysector.
C)BankswillberequiredtogiveloanequivalenttotheCRRtotheGovtofIndiaforitsday-to-dayexpenditureasandwhenrequired.
a)OnlyAb)OnlyBc)OnlyCd)OnlyA&Be)AllA,B&C
11.AsperestimatesgivenbytheRBI,theEconomicGrowthduringtheyear2010-11willbeatwhichofthefollowinglevels?
a)6.5%b)7%c)7.5%d)8%e)Noneofthese
12.Whichofthefollowingis/arecorrectabouttheRBIscreditpolicyannouncedinApril2010?
A)RepoRateraisedby25bps
B)AnewreportingplatformwasintroducedforsecondarymarkettransactionsinCertificatesofDeposits(CDs)andCommercialPapers.(CPs).
C)CoreInvestmentCompanies(CICs)havinganassetsizeofRs.100crorearerequiredtoregisteralsowiththeRBI.
a)OnlyAb)OnlyBc)OnlyCd)AllA,B&Ce)Noneofthese
13.AspertheannouncementmadebytheRBI,someStockExchangesinIndiaareallowedtointroducePlainVanillaCurrencyOptions.ThetermPlainVanillaCurrencyOptionsisassociatedwithwhichofthefollowingactivities/operations?
a)Dollar-RupeeExchangeRateb)FloatingofCommercialPapers
c)Launchofnewmutualfunds
d)Decidingtheopeningpriceofashareonaparticularbusinessday
e)Noneofthese
14.EquityschemesmanagedstrongNAVgains,whichboosttheirassetswasanewsinsomefinancialnewspapers.WhatisthefullformofthetermNAVasusedinaboveheadlines?
a)NilAccountingVariationb)NetAccountingVenturec)NetAssetValue
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d)NewAssetVenturee)Noneofthese
15.Asperreportspublishedinvariousnewspapers,mutualfundcompaniesshowed94percentgrowthintheirtotalprofitsduring2009-10.Thismeanstheprofitsearnedbythesecompanieswere94percent
a)intheirtotalinvestmentstheymadecollectivelyduringtheyear
b)morethantheirprofitsduringpreviousyearc)ofthetotalcapitalofthecompany
d)lessthanthetotalexpenditureofthecompaniese)Noneofthese
16.Asperthenewspublishedinmajornewspapers/journalshenceforththeCreditCardinformationthoughautomatedinteractivevoiceresponsesystemoverthephoneinsteadofspeakingtothestaff.Thisdecisionofthebanks/creditcardcompanieswillprovide.
A)Anadditionalhurdletothecustomersaspeoplefeelcomfortableintalkingtothestaffinsteadoftalkingtoamachine.
B)Anadditionalsecuritytothecustomersasthisdoesnotallowanystafftohandleanytransactiondirectly.
C)Somecomforttothebanksastheywillbeabletoreducetheirstaffstrength.
a)OnlyAb)OnlyBc)OnlyCd)AllA,B&Ce)OnlyA&C
17.Asperthereportspublishedrecently,theGovtofIndiahasdecidedtocreateaseparateagency/bodytoscrutinizeallForeignDirectInvestments(FDIs)officially.Uptilnowthesecurityscreeningwasbeingdonebythe
a)MinistryofForeignAffairs,GovtofIndiab)ReserveBankofIndia
c)Securities&ExchangeBoardofIndiad)MinistryofFinance,GovtofIndia
e)MinistryofHomeAffairs,GovtofIndia
18.Asameasuretohelpcountrieshitbyglobalfinancialmeltdown,theRBIhaspurchasednotesworthUS$10billionintermsofSpecialDrawingRightsfromaWorldOrganisation/agency.Whichisthisagency/organisation?
a)FederalReserveofUSAb)AsianDevelopmentBankc)WorldBank
d)InternationalMonetaryFunde)Noneofthese
19.WhichofthefollowingisNOTapublicsectorundertakingundertheMinistryofDefence,GovtofIndia?
a)ParagonDockLtd.b)GardenReachShipbuilders&EngineersLtd.
c)BharatHeavyElectricalsLtd.d)HindustanAeronauticsLtd.
e)BharatEarthMoversLtd.
20.WhichofthefollowingisNOTasbankingrelatedterm?
a)Radiationb)Outstandingamountc)BenchmarkPrimeLendingRate
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d)ExplicitGuaranteee)Noneofthese
21.Insuranceserviceprovidedbyvariousbanksiscommonlyknownas
a)InvestmentBanksb)PortfolioManagementc)MerchantBanking
d)Bancassurancee)MicroFinance
22.WhoamongstthefollowinghasrecentlytakenoverastheChairmanofthe19thLawCommission?
a)ARLakshmananb)PVReddyc)YashwantSinha
d)RanjanBhartiMittale)Noneofthese
23.NametheseniormemberontheBoardofDirectorsofRBIwhowillchairthesub-committeesetupbytheRBItostudyissuesandconcernsofthemicro-financesector,includinginterestrateschargedbythelendersinthisarea
a.SubirGokranb.YHMalegamc.DeepakMohanty4.UshaThorate.Noneofthese
24.ThemeetingoffinanceministersandcentralbankheadsofG-20inOct-Nov2010washeldin
a.Tokyob.Londonc.Seould.NewDelhie.Noneofthese
25.WhichofthefollowingisnotdecidedbyRBI?
a.BankRateb.BaseRatec.RepoRated.CashReserveRatioe.Noneofthese
26.Whichofthefollowingisnotnationalizedbank?
a.CanaraBankb.AllahabadBankc.IDBIBankd.PNBe.BoB
27.Whichofthefollowingisnotaninstrumentofmoneymarket?
a.CallMoneyb.Treasurybillc.Certificateofdepositd.Sharee.Repo
28.AsperthelatestdataonelectronictransactionsreleasedbytheReserveBankofIndia,whichofthefollowingbanksleadsinelectronictransactionsinIndia?
a.ICICIBankb.HDFCBankc.SBId.Citibanke.Noneofthese
29.WhichofthefollowinghasappointedtheRaghuramRajanCommitteetorecommendstepstomodernizethefinancialsector?
a.ReserveBankofIndiab.MinistryofFinancec.PlanningCommissiond.MinisterofHomee.Noneofthese
30.Inwhichyear,wasIDBIrestrictedandseparatedfromcontroloftheReserveBankofIndia?
a.1972b.1976c.1978d.1980e.Noneofthese
31.StateownedinfrastructurelenderIndiaInfrastructureFinanceCompanyLtd(IIDCL)hasinkedapacttobuyloansworthRs.1500crorefrom_____sothatthestate-runbankcanutilizethefundsforotherprojectsinthecrucialsector.
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a.SBIb.PNBc.BoBd.P&SBe.Noneofthese
32.TheReserveBankhasincreasedthethresholdlimitforelectronicfundtransfersusingtheRealTimeGrossSettlement(RTGS)systemfrom`1Lakhto`
a.2Lakhb.3Lakhc.4Lakhd.5Lakhe.Noneofthese
33.Whichofthefollowingbankshasrequested`1,500crcapitalinfusionfromthegovt.?
a.PunjabNationalBankb.UnionBankofIndiac.IndianOverseasBankd.DenaBanke.Noneofthese
34.Whichofthefollowingisnotassociatedwithbanking?
a.Bankrateb.Reporatec.Morbidityrated.Baseratee.Noneofthese
35.NamethebankwhichhassoughttheapprovaloftheRBItohiveoffitsIT(InformationTechnology)relatedactivitiesintoanindependentsubsidiary?
a.SBIb.PNBc.IndianOverseasBankd.BankofBarodae.Noneofthese
36.TheCentralGovernmentonNov10,2011informedParliamentthatallowingenhancedforeigndirectinvestment(FDI)inmulti-brandretailwasnowunderitsco
nsideration.Theexistingpolicyallows_____FDIinsingle-brandretailand_____incash-and-carrystores,whichcateronlytobulkbuyersandtraders.
a.26%,49%b.49%,74%c.51%,100%d.21%,51%e.Noneofthese
37.Whichofthefollowingisthebody/agencysetupbyGovt.ofIndiatoincreasetheflowofforeigninvestmentinthecountry?
a.FEMAb.FCCBc.NSDLd.FIPB
38.Whichofthefollowingisnotaninstrumentofcapitalmarket?
a)Shareb)Bondc)Debentured)Repoe)Alltheabove
39.WhatisSABLA?
a)Anti-dowrypoliceforce
b)AWomensorganisationfightingforempowerment
c)AwomanwelfareprogrammelaunchedbytheCentralgovt
d)AhelplineinstitutedbytheNationalCommissionforWomen(NCW)
e)Noneofthese
40.Whichofthefollowingisassociatedwitheconomy?
a)HinduGrowthRate(HGR)b)IslamicSavingRate(ISR)
c)SikhDepositRate(SDR)d)ChristianInvestmentRatio(CIR)
d)Noneofthese
41.Anewschemeforthehealthimprovementofexpectantmothersandensuringpropernutritionforthenewbornshasbeennamedas
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a)IndiraGandhiMatritvaSahyogYojana
b)RajivGandhiMatritvaSahyogYojana
c)MahatmaGandhiMatritvaSahyogYojana
d)KasturbaGandhiMatritvaSahyogYojanae)Noneofthese
42.ThecentralbankinIndiais
a)CentralBankofIndiab)StateBankofIndiac)BankofIndia
d)IndianBanke)ReserveBankofIndia
43.Moneysupplycouldbeincreasedwhen
a)RBIpurchasesgovtsecuritiesb)RBIsellsgovtsecurities
c)CRRofbanksisincreasedd)CARisincreased
e)Noneofthese
44.CorporationtaxinIndiais
a)Taxonproductionbycompaniesb)Taxonthesalesincomeofthecompaniesc)Taxonnetincomeofthecompaniesd)Taxonnetsavingsofthecompanies
e)Noneofthese
45.Thefunctionofmoneyis/are
a)Mediumofexchangeb)MeasureofValuec)StoreofValue
d)Allofthesee)Noneofthese
46.Whichamongthefollowingisnotatypeofinflation?
a)Creepinginflationb)Walkinginflationc)Runninginflation
d)Flyinginflatione)Alltheabove
47.InIndia,thebankers,bankis
a)IMFb)WorldBankc)IDBId)BISe)Noneofthese
48.Anappropriatemeasureofeconomicdevelopmentis
a)rateofincreaseinincomeb)improvementinHumanDevelopmentIndex
c)decreaseinpovertyrated)increaseinpovertyrate
d)increaseinlifeexpectancyrate
49.Disinflationmeans
a)increaseinpricesinthelongrunb)Thepricesincreaseduetoexport
c)Theincreaseinpricesismorethanaveraged)Increasedpricesdecrease
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e)Levelofunemploymentincreases
50.Whenrateofinflationincreases
a)Purchasingpowerofmoneyincreases
b)Purchasingpowerofmoneydecreases
c)Purchasingpowerofmoneyremainsunaffectedd)All(1),(2)and(3)
e)Foreignexchangerateincreases
1.B2.D3.B4.B5.D6.C7.A8.B9.A10.A11.D12.A13.A14.C15.B16.B17.B18.D19.C20.A21.D22.B23.B24.C25.B26.C27.D28.B29.C30.B31.E32.A33.B34.C35.C36.C37.D38.D39.C40.A41.A42.E43.A44.C45.D46.D47.E48.B49.D50.B
1.Q.Thetermpaper-goldisassociatedwith
A.SpecialDrawingRights(SDRs)fromtheIMF.
2.Q.TRAIrefersto
A.TelecommunicationResearchAuthorityofIndia.
3.Q.DisguisedUnemploymentmeans
A.Morepersonsemployedforajobthatonlyafewcouldaccomplish
4.Q.BIFRstandsfor
A.BoardofIndustrialandFinancialReconstruction
5.Q.NationalRemoteSensingAgency(NRSA)islocatedat
A.Hyderabad
6.Q.ProfessorAmartyaSenisthe_____IndiantowinaNoblePrize
A.Sixth
7.Q.OperationFlood-II,theprestigiousmilkproductsrevolutionofIndiawasinitiatedon
A.October2,1979
8.Q.OperationFloodisrelatedto_____whereasdevelopmentoffisheriesisrelatedto_____
A.Whiterevolution,BlueRevolution
9.Q.MixedFarmingrefersto
A.Agricultureanddairyfarmingclubbedtogether
10.Q.AccordingtoCensus-2001thedensityofpopulationinIndiaisaround
A.324
11.Q.NPAstandsfor
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A.NonPerformingAssets
12.Q.WhatiscommoninIRDP,JRY,DDP,DPAP?
A.Thesearetheschemesinitiatedbythecentralgovernmentforeliminatingpovertyandunemploymentintheruralareas
13.Q.TheWorldBank,alsoknownastheInternationalBankofReconstructionandDevelopmentislocatedat
A.Washington
14.Q.PerfectCompetitionissaidtoexistif
A.Everyfirmintheindustryacceptsthemarketpricebecauseithasto
15.Q.Afirmwouldbeoptimumsizeif
A.Averagetotalcostisminimum
16.Q.TheTwogapstheoryrefersto
A.Savingsgapandexchangegap
17.Q.Thecosts,whichvarywiththeoutput,aretermedas
A.Overheadcosts
18.Q.Ifthedemandandsupplyschedulesforacommodityincreasesbyanequalamount,themarketpricewouldtendto
A.Remainunchanged
19.Q.Customsduties,exportduties,corporationtaxes,taxesoncapitalvalueofassets(excludingagriculturallandofindividualsandcompanies)are
A.Taxesanddutieswhichaccruewhollytothecentralgovernment.
20.Q.Deflationmeans
A.Acontractioninthevolumeofmoneyorcreditthatresultsinadeclineofpricelevel.
1.WhichofthefollowingisratedthepoorestregionoftheWorld?
(A)TheMiddleEast
(B)Asia
(C)Sub-SaharanAfrica
(D)LatinAmerica
(E)Noneofthese
Ans:(C)
2.Whichofthefollowingtermsisnotusedintheworldofeconomics/finance?
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(A)SinkingFund
(B)ThirdWorld
(C)OpenDoorPolicy
(D)Devaluation
(E)PrivilegeMotion
Ans:(B)
3.Outofthetotalpopulationoftheworldabout80%ofitlivesin
(A)Developedcountries
(B)BRICcountries
(C)LatinAmerica
(D)Developingcountries
(E)Noneofthese
Ans:(D)
4.RashtriyaSwasthyaBimaYojana(RSBY)isaschemelaunchedbytheMinistryof
(A)Finance
(B)RuralDevelopment
(C)Commerce
(D)Industry
(E)Labour
Ans:(E)
5.WhatisthefullformoftheabbreviationASEAN?
(A)AssociationofSouthEastAgroNations
(B)AssociationofSouthEastAsianNations
(C)AllianceofSouthEastAsianNations
(D)AllianceofSouthEastAsianNeighbours
(E)Noneofthese
Ans:(B)
6.Whichofthefollowingistheschemeforprovidingelectricityconnectionstoalltheruralhouseholdinthecountry?
(A)ASHA
(B)Swadhar
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(C)KutirJyoti
(D)DeepMala
(E)Noneofthese
Ans:(C)
7.ManytimeswereadaboutPPPineconomicliterature.WhatPPPis?Itisaconceptwhich
(A)tellsusthatexchangeratesbetweencurrenciesareinequilibriumwhentheirpurchasingpoweristhesameinboththecountries
(B)tellsusthatexchangeratesbetweencurrenciesareinequilibriumwhentheirpurchasingpowerisdifferentinboththecountries
(C)PPPmeansthecurrentExchangeRateofacurrencyagainstUS$
(D)ameasureofincomeinequalityindevelopingcountries
(E)Noneofthese
Ans:(A)
8.AsweallknowtheHumanDevelopmentIndex(HDI)isanindexofsocialperformanceinasinglecompositeindex.Itisanindicationof
(A)disparityreductionrate,humanresourcedevelopmentrateandthecompositeindex.
(B)longevity,educationandlivingstandard
(C)thefacilitiesforminimumschooling,adultliteracyandeducationalattainments
(D)GDPofanationandthestatusofitsBalanceofTrade
(E)Noneofthese
Ans:(B)
9.WhichoneofthefollowingcountriesisnotconsideredaNewlyIndustrializedCountry(NIC)?
(A)SouthAfrica
(B)Mexico
(C)Brazil
(D)Turkey
(E)France
Ans:(D)
10.Whichofthefollowingstatements(s)is/arecorrectaboutNationalRuralEmploymentGuaranteeAct(NREGA)?
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1.NREGAisapplicabletoallruralareasofthecountry
2.OnlyconstructionworkshallbegiventotheworkersemployedunderthisAct
3.EveryworkerisgivenanamountofRs.250perdayforaeighthoursshift
(A)Only1
(B)Only2
(C)Only3
(D)Only1and2
(E)All1,2and3
Ans:(D)
11.WhichofthefollowingisnottrueaboutfarmersinLeastDevelopedCountries(LDCs)?
(A)Thestaplecropisthechiefsourceoffood
(B)Labourisunderutilizedexceptforplantingandharvestingseasons
(C)Onthetraditionalfarm,outputisalwaysgreaterthanconsumption
(D)Cultivatorsutiliseonlyasmallportionofland
(E)Noneofthese
Ans:(B)
12.Whichofthefollowingorganizations/agenciescontrolsthemonetarypolicyofourcountry?
(A)SEBI
(B)PlanningCommission
(C)RBI
(D)UnionMinistryofFinance
(E)Noneofthese
Ans:(C)
13.AmartyaK.Senemphasizesthathavingenoughtoeatdependsononeverycruc
ialfactor.Whichofthefollowingisthatfactor?
(A)Societyssystemofentitlement
(B)Distributionofagriculturalincome
(C)Lowpovertyrates
(D)Structureofthefamily
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(E)Noneofthese
Ans:(A)
14.TheNationalFoodforWorkschemeisnowsubmergedwithwhichofthefollowing?
(A)PradhanMantriGramSadakYojana
(B)MahatmaGandhiNationalRuralEmploymentGuaranteeAct.
(C)BharatNirman
(D)IndiraAwasYojana
(E)Noneofthese
Ans:(B)
15.ManyatimeswereadaboutFertilityRateineconomicliterature.WhatisfertilityRate?
(A)Thetotalnumberofchildrenborninacountryinagivenyeardividedbynumberofchildrendied
(B)Thenumberofchildrenborntoanaveragewomanduringherreproductiveyears
(C)Thenumberofbirthsinacountrydividedbytotalpopulationinagivenyear
(D)Thenumberofwomenintheagegroupof15-45yearsinacountrydividedbytotalnumberofwomendiedduringchildbirth
(E)Noneofthese
Ans:(B)
16.Howisdualeconomydistinguishedfromothereconomies?
Itisamixtureof
(A)industrialsectorandmanufacturingsector
(B)traditionalagriculturalsectorandamodernindustrialsector
(C)stateownershipofthemeansofproductionincooperationofforeignorganizations
(D)industrialsectorandtradingofgoodsobtainedthroughimports
(E)Noneofthese
Ans:(B)
17.WatershedDevelopmentSchemesareapartof
1.DevelopmentofRuralEconomy.
2.DevelopmentofSkilledWorkers.
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3.DevelopmentofIrrigationfacilitiesinIndia.
(A)Only1
(B)Only2
(C)Only1and3
(D)Only3
(E)All1,2and3
Ans:(C)
18.ThesecondsummitofwhichofthefollowingorganisationstookplaceinBrazilrecently?
(A)G-8
(B)G-20
(C)SAARC
(D)ASEAN
(E)BRIC
Ans:(E)
19.DuringtherecentDepressionworkersinDevelopedcountriespreferredtotakeinferiorjobsinsteadoflayoff.Thissituationisknownas
(A)Seasonalunemployment
(B)Cyclicalunemployment
(C)Disguisedunemployment
(D)Voluntaryunemployment
(E)Noneofthese
Ans:(E)
20.WhichofthefollowingtermsisnotassociatedwiththegameofFootball?
(A)Cornerkick
(B)Wideout
(C)Linemen
(D)Followon
(E)Fullback
Ans:(D)
21.Onwhichoneofthefollowingissues,therehadbeenadisputebetweenIRDA
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andSEBI?
(A)ULIPproducts
(B)ViolationofSEBIguidelinesinrespectofinvestmentbybigcompaniesinequities
(C)ViolationofSEBIguidelinesaboutdisclosurestobemadebythecompanies
(D)OverlappingofthefunctionsofIRDAandSEBI
(E)Noneofthese
Ans:(A)
22.AsperthereportspublishedinvariousnewspapersMaharashtraandGujarathavesignedanagreementonlinkingofmajorriversofthestate.Whichofthefollowingisacommonriverbetweenboththestates?
(A)Narmada
(B)Ganga
(C)Krishna
(D)Betwa
(E)Noneofthese
Ans:(A)
23.Wehavenoticedatonseveraloccasionsthatcostofpetroleumproductsfluctuatesfrequently.TheactionofOPECmembersattimestolimitoutputandfixpricesmaybeunderstoodasanactionarisingoutof
(A)instructionsfromWTO
(B)fluctuationinoutput
(C)practicesoftheoilindustry
(D)groupdynamics
(E)cartel
Ans:(B)
24.WhichofthefollowingcountrieswontheFIFAWorldCup2010?
(A)Germany
(B)Netherlands
(C)SouthAfrica
(D)Spain
(E)Brazil
Ans:(D)
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25.WhoamongstthefollowingisnotaBadmintonPlayer?
(A)AparnaPopat
(B)SainaNehwal
(C)V.V.S.Laxman
(D)P.Gopichand
(E)ChetanAnand
Ans:(C)
26.WhatisBilateralaid?
(A)ItistechnicalaidgivenbyI.M.F.tovariouscountries
(B)Itisgivendirectlybyonecountrytoanother
(C)Itisaidwiththeconditionthattherepaymentwillbeininconvertiblecurrency
(D)Itisacommercialloanmadeavailablebyvariousinstitutionsjointly
(E)Noneofthese
Ans:(B)
27.WhoamongstthefollowingistheauthorofthebookAHimalayanLoveStory?
(A)NamithaGokhale
(B)V.S.Naipaul
(C)AnitaDesai
(D)LaxmiSehgal
(E)Noneofthese
Ans:(A)
28.Whichofthefollowingisthenameoftheorganizationcreatedspecificallytodevelopsmallscaleindustrialsectorinourcountry?
(A)NAWARD
(B)SEBI
(C)SIDBI
(D)AMFI
(E)Noneofthese
Ans:(C)
29.WhoisNandanNilekani?
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(A)Chairman,UniqueIdentificationAuthorityofIndia
(B)Chairman,AirportAuthorityofIndia
(C)Member,UGC
(D)Member,PlanningCommission
(E)Noneofthese
Ans:(A)
30.WhichofthefollowingcountrieswillhostthenextSAARCSummit?
(A)India
(B)Bhutan
(C)Nepal
(D)Fiji
(E)Noneofthese
Ans:(E)
31.Whichofthefollowingorganisation/agenciesisspecificallysetuptoboostoverallruraldevelopmentinIndia.
(A)RBI
(B)SIDBI
(C)NABARD
(D)SEBI
(E)Noneofthese
Ans:(C)
32.CommonwealthGames2010aretobeorganisedinDelhiinthemonthof
(A)October
(B)November
(C)August
(D)December
(E)September
Ans:(A)
33.WhichofthefollowingcupsisassociatedwiththegameofHockey?
(A)AghaKhanCup
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(B)DCMTrophy
(C)DavisCup
(D)DerbyTrophy
(E)RoversCup
Ans:(A)
34.Whichofthefollowingisahorticulturalcrop?
(A)Urad
(B)Jowar
(C)Bajra
(D)Wheat
(E)Mango
Ans:(E)
35.AccordingtoPlanningCommission,thedegradedsoilofwhichoneofthefollowingStates,posesabigthreattofoodsecurityandcancauseseriouseconomicimplicationstothenation?
(A)Haryana
(B)U.P.
(C)M.P.
(D)Karnataka
(E)Punjab
Ans:(E)
36.WhichofthefollowingorganisationsmaintainstheRuralInfrastructureDevelopmentFund(RIDF)?
(A)RBI
(B)NABARD
(C)SIDBI
(D)LIC
(E)Noneofthese
Ans:(B)
37.Whichofthefollowingis/trueabouttheCompetitionCommissionofIndia(CCI)?
1.CCIisaregulatorybodyhavingquasi-judicialstructure.
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Ans:(E)
41.MuhammadYunusofBangladeshwhowasawardedNobelprizeafewyearsbackisafamous
(A)Author
(B)Economist
(C)Socialworker
(D)Scientist
(E)Noneofthese
Ans:(B)
42.SacredGamesisanovelwrittenby
(A)AmitaDesai
(B)ArundhatiRoy
(C)KiranDesai
(D)KhushwantSingh
(E)VikramChandra
Ans:(E)
43.Whoamongstthefollowingisafamousauthor?
(A)ChetanBhagat
(B)S.C.Jamir
(C)AnjaliBhagwat
(D)O.P.Mehra
(E)Noneofthese
Ans:(A)
44.TheG-20SummitwasorganisedinJune2010,inwhichofthefollowingcities?
(A)London
(B)Paris
(C)Tokyo
(D)Toronto
(E)Noneofthese
Ans:(D)
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45.TheGovt.ofIndiahasestablishedastrategicreserveofabout5milliontonnesofwhichofthefollowingcommodities?
(A)Steel
(B)Sugar
(C)Oil
(D)Foodgrains
(E)Noneofthese
Ans:(D)
46.MidDayMealSchemeislaunchedtoprovidecookedfoodtothe
(A)Childrenattendingschool
(B)ThosewhoaregettingNationalOldAgePension
(C)WorkersofNationalRuralEmploymentAct
(D)ResidentdoctorsofGovt.Hospitalsinruralareas
(E)Noneofthese
Ans:(A)
47.WhichofthefollowingisnotaCashCrop?
(A)Tobacco
(B)Cotton
(C)Coffee
(D)Bajara
(E)Tea
Ans:(D)
48.MembersoftheRajyaSabhaareelectedforaperiodof
(A)4years
(B)21/2years
(C)6years
(D)5years
(E)Noneofthese
Ans:(C)
49.TheICCCricketWorldCupFinal2011willbeplayedinwhichofthefollowingcitiesinIndia?
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(A)Kolkata
(B)Mumbai
(C)Delhi
(D)Chennai
(E)Noneofthese
Ans:(B)
50.WhatisthecontributionofAgriculturalSectorinthetotalGDPofIndia?About
(A)10%
(B)20%
(C)40%
(D)30%
(E)50%
Ans:(B)
POINTTOREMEMBERS
LLP:LimitedLiabilityPartnership
OrganizationsmaintainstheRuralInfrastructureDevelopmentFund(RIDF)-NABARD
TRIPSTradeRelatedIntellectualPropertyRights
TRIMSTradeRelatedInvestmentMeasures
areassociatedwith---DunkelProposal
ManyatimeswereadaterminfinancialnewspapersSEPA.Whatisthefullformoftheterm
SingleEuroPaymentsArea
MarginalPropensitytoConsume(MPC)meansWhenincomerisesconsumptionRemainsconstant
NationalAgriculturalCooperativeMarketingFederationisknownas
NAFED
NABARD(developmentbank)recentlylaunchedFarmersInformationServiceviaSMStohelpfarmersinGujaratstate
ESMA:EssentialServicesMaintenanceAct
TradecontrolinIndia:DGFT(DirectorategeneralofForeignTrade)
ANBC:AdjustedNetBankcredit
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AdjustedNetBankCreditisNetBankCreditaddedtoinvestmentsmadebybanksinnon-SLRbonds(inheld-to-maturity(HTM))oritisthecreditequivalentofoff-balance-sheetexposures,whicheverishigher.
GreenTaxonvehicles:TheMaharashtragovernmentdecidedtolevyenvironmenttaxoncommercialvehicleswhichareovereightyearsoldandprivatevehicleswhichareover15years
BranchlessBanking:
Bankswillnothavemanybranchesasusedtobeinthegoodolddays.Instead,thenumberofbrancheswillberestrictedandwillconductonlyaspecifiedcorebusiness.
Bankswilllaunch/operatemanydeliverychannelslikeATMs,MobileBanking/InternetBankingetcsotthatpeoplearenotrequiredtovisitabranchfortheirusualbankingneeds.
Thismeansbankswillissueonlydebitorcreditcardsforalltypesofday-to-dayfinancial
transactions.Cheques/cashpaymentswillnotbeallowed.
RuralWomancanavailthebenefitofMahilaSamriddhiYojanaiftheyopentheir
accountin
RuralPostoffices.
DTCstandsforDirectTaxCode
ULIP:UnitLinkedInsurancePlan
CFRA:CombinedFinanceandRevenueAccounts
CGRA:CurrenyandGoldrevalutionAccount
FullyownedbyRBI:
Fullyowned:NationalHousingBank(NHB),
DepositInsuranceandCreditGuaranteeCorporationofIndia(DICGC),
BharatiyaReserveBankNoteMudranPrivateLimited(BRBNMPL
MinimumSupportPricerecommendedbyCommissionforAgriculturalCostsandPrices(CACP)
NDS:NegotiatedDealingSystemisanelectronicplatformforfacilitatingdealinginGovernmentSecuritiesandMoneyMarketInstruments.
TwoproductsfromSIDBI
AssistanceforMSME
1.GEMS:GrowthcapitalandEquityAssistanceforMSMES.
2.FACE:FlexibleAssistanceforcapitalexpenditure
Electronicpaymentproductsviz.
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RealTimeGrossSettlement(RTGS),
NationalElectronicFundsTransfer(NEFT),
NationalElectronicClearingService(NECS)and
ElectronicClearingService(ECS)
CGTMSE:CreditguaranteeandFundTrustforMicroandSmallEnterprises
SetupbyGOI+SIDBI
IBPC:InterbankParticipationCertificate
FIRC:ForeignInwardRemmitanceCertificate
CLSS;CreditlinkedCapitalSubsidyscheme
SEPA:SingleEuroPaymentArea
ESMA:EssentialServiceMaintenanceAct
CBLO:CollateralizedBorrowingandlendingobligation(MoneyMarketinstrument)
DifferentTypesofMoneyMarketInstrument:
T-bills
RepurchaseAgreements
Commercialpapers,
CertificateofDepositusedbybanks.
IRS-Interestrateswap
FRA-ForwardRateAgreement
bothusedbyCCIL(clearingcooperationofIndiaLimited)
Whenaloangrantedforpurchaseofwhitegoodscalledconsumerdurableloan
ObjectiveofNFSM(NationalFoodSecurityMission)Toincreasetheproductionofwheat,riceandpulsesonasubstainablebasics
FNC-financialHoldingcompanyheadedbyShyimaalGopinath
NSDP:Nationalsummarydatapage
SDDS:specialDatadisseminationstandarddevelopedbyIMF.
FINO:FinancialinformationandNetworkoperations
RBIsFirstsubofficeinnortheasternstate-Tripura
Guarenteetoexporters-ECGC-ExportCreditCorporationofIndia
CreditHistoryofBorrowersbyCIBIL(creditInformationBureaindiaLimited)
BIFR:BoardforFinancialandEconomicReconstruction
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ICAAP:InternalCapitalAdequacyAssessmentProcess(donebybankitself)
STCI:SecuritiesTradingCoorporationofINDIA(RBIpromotesSTCItoPSBs)
SREP:SupervisoryReviewandEvaluation(processdonebyRBI)
CAFRAL:CenterforAdvancedFinanceReasearchandLearning
NOHC:NonOperativeHoldingCompany
ASHA:AccreditedSocialHealthActivist
COPRA:consumerProtectionACt
TRIFIED:TribalcooperativeMarketingDevelopmentfederationofIndiaLimited
COMESA:CommonMarketforEastrenandSouthernAfrica.
TERC:TradeandEconomicRelationsCommittee(headedbyPrimeMinister)
BIFR:BUreauofIndustrialandFinancialReconstruction
FLCC:FinancialLiteracyandCreditCounselling
CENVAT-CantralValueADDEDTAX,exciseduty/servicetaxispaidonlywhengoodsareconsumed.Tillthen,burdenofdutygetspassedontothenextbuyer/customer
CAPART:CouncilforAdvancementofPeople'sactionandRuralTechnology
SABLA:AwomanwelfareprogrammelaunchedbytheCentralgovt
Committies:
TaraporeCommitteesubmitteditsreportonFullConvertibilityonRupeeinCapitalaccount
committeerecommendedabolitionoftaxrebates-KelkarCommittee
TheReserveBankhasconstitutedaworkinggrouptoreviewthecurrentoperatingprocedureofmonetarypolicy,astransmissionofthepolicytotherestofthesystemremainsimperfect.Thegroup,tobeheadedbyRBIexecutivedirectorDeepakMohanthy,willalsoreviewtheliquidityadjustmentfacility(LAF),throughwhichthecentralbankmanagesmoneysupplyinthesystemonaday-to-daybasis
DeepakMahantycommittee-relatedtoBaserate
UshaThoratcommitteecommitteesugested75000villageswillhavebankingservicesbytheyearend2012
RBIGovernorheadstheSub-committieofFSDC(FinancialstabilitydevelopmentConcil)
Y.HMalegamcommittee-MFISector
Pranabsencommitte-relatedtoSlum