PRACTICE TEST

PRACTICE TEST

1. RBI has introduced Banking Ombudsman scheme in ______ to redress the grievances of banking customers?
(A) 1990
(B) 1992
(C) 1993
(D) 1994
(E) 1995
See Answer:

2. In India the auditing is compulsory for which of the following entities?
(A) Joint Stock Company
(B) Banking Company
(C) Co-operative Societies
(D) Insurance Companies
(E) None of these
See Answer:

3. Olympic games are normally held at the interval of ________?
(A) 1 year
(B) 2 years
(C) 3 years
(D) 4 years
(E) 5 years
See Answer:

4. The registration of transfer of shares is done by which organisation?
(A) Company Law Tribunal
(B) Company Law Board
(C) Registrar of Companies
(D) State Government
(E) Central Government
See Answer:

5.Who among the following has been recently appointed as the Chairman of Life Insurance Corporation (LIC) of India?
(A) D.K.Mehrotra
(B) T.S.Vijayan
(C) Thomas Matthew
(D) Sanjay Jain
(E) None of these
See Answer:

6. World Population Day is observed on which of the following dates?
(A) 7th July
(B) 11th July
(C) 28th July
(D) 30 July
(E) 15th July
See Answer:

7.What is the limit of Foreign Direct Investment (FDI) at present in the private banks?
(A) 100%
(B) 74%
(C) 50%
(D) 25%
(E) 62%
See Answer:

8. Who among the following has won the Men's single title in Wimbledon 2012?
(A) Novak Djokovic
(B) Roger Federer
(C) Rafael Nadal
(D) Andy Murray
(E) None of these
See Answer:
9. CTBT has issued a notification making e-filing compulsary for the Assessment year 2012-13 onwards for individuals & HUF if their total income exceeds________?
(A) 5 Lacs per annum
(B) 10 Lacs per annum
(C) 15 Lacs per annum
(D) 20 Lacs per annum
(E) None of these
See Answer:

10. Taka is the currency of which of the following country?
(A) Belgium
(B) America
(C) Bangladesh
(D) Qatar
(E) None of these
See Answer:

11. Which of the following is not an instrument of Monetary Policy?
(A) Changes in Import Duty
(B) Open Market Operations
(C) Changes in Bank Rate
(D) Changes in CRR
(E) None of these
See Answer:

12. Who won the European Football Championship commonly referred to as EURO 2012?
(A) Italy
(B) Spain
(C) Poland
(D) Ukraine
(E) None of these
See Answer:
13. Expand the term 'XBRL'?
(A) Exhaustive Business Reporting Language
(B) Explosive Business Reporting Language
(C) Extensible Business Reporting Language
(D) Expandible Business Reporting Language
(E) None of these
See Answer:

14. Which of the following state became the first state to issue e-stamp papers in all denominations?
(A) Madhya Pradesh
(B) Gujarat
(C) Uttar Pradesh
(D) Karnataka
(E) Delhi
See Answer:

15. Who is the author of the book 'Controversially Yours'?
(A) Shoaib Akhtar
(B) Sachin Tendulkar
(C) Ajay Jadeja
(D) Rahul Dravid
(E) V.V.S. Laxman
See Answer:

16. Which of the following instrument can be defined as a Bill of Exchange drawn in an local language in accordance with the custom of the place?
(A) Cheque
(B) Demand Draft
(C) Hundi
(D) Promissory Note
(E) None of these
See Answer:
17. Who is the present Minister for Human Resource Development and Minister of Communication and Information Technology?
(A) Kapil Sibbal
(B) A.K.Antony
(C) Pranab Mukherjee
(D) S.M.Krishna
(E) None of these
See Answer:

18. Ussain Bolt is related to which of the following sport?
(A) Badminton
(B) Football
(C) Athletics
(D) Shooting
(E) Tennis
See Answer:

19. Which of the following has became the latest category to Banks to join Electronic Payment System?
(A) Land Development Banks
(B) Local Area Banks
(C) Regional Rural Banks
(D) Co-operative Banks
(E) None of these
See Answer:

20. Which of the following entity operates the Public Distribution System in India?
(A) Central Government
(B) State Government
(C) Private Entrepreneurs
(D) Both A and B
(E) None of these
See Answer:
21. Banks consult which of the following agencies in order to ensure/verify that the property mortgaged for availing Loan is free from all encumbraces?
(A) Central Electronic Register
(B) Registrar of Company
(C) Company Law Board
(D) Reserve Bank of India
(E) None of These
See Answer:

22. Chief Minister of Karnataka has resigned recently. Who has been appointed in his place?
(A) Sadanand Gowda
(B) B.V.Wanchoo
(C) Akhilesh Yadav
(D) Manohar Parrikar
(E) Jagdish Shettar
See Answer:

23. What is the full form of 'F.C.N.R.'?
(A) Foreign Convertible Non Resident Account
(B) Fully Convertible Non Resident Account
(C) Foreign Currency Non Resident Account
(D) Fully Current Non Resident Account
(E) None of these
See Answer:

24. Micro Finance Institutions are established basically to provide financial assistance to which of the following class?
(A) To all sections of the society
(B) To upper sections of the society
(C) To middle class sections of the society
(D) To lower class sections of the society
(E) None of these
See Answer:
25. What is the meaning of Disinvestment?
(A) It is reduction by the GOI of its share in PSU's
(B) It is increasing of GOI's share in PSU's
(C) It means investment by GOI in Foreign Companies
(D) It means investment by foreigners in Indian Companies
(E) None of these
See Answer:

26. How much percentage of FDI is permissible in defence sector in India?
(A) 0%
(B) 26%
(C) 51%
(D) 74%
(E) 100%
See Answer:

27. The Headquarter of World Economic Forum is located at which of the following place?
(A) Geneva
(B) Manila
(C) Washington D.C.
(D) Paris
(E) None of these
See Answer:

28. Which is the oldest Public Sector Bank of India?
(A) Punjab National Bank
(B) Axis Bank
(C) Allahabad Bank
(D) Central Bank of India
(E) None of these
See Answer:
29. The U.N.Security Council has 5 permanent members and 10 non permanent members. The permanent members are __________________?
(A) China, Germany, Russia, U.K. and U.S.A.
(B) China, Germany, Canada, U.K. and U.S.A.
(C) China, France, Russia, U.K. and U.S.A.
(D) China, Canada, France, Germany and U.S.A.
(E) None of these
See Answer:

30. Who among the following has been awarded Padma Vibhushan in 2012?
(A) T.V.Rajeshwar
(B) Aruna Irani
(C) A.R.Rehman
(D) Shabana Azmi
(E) Anup Jalota
See Answer:

31. Which of the following cups is associated with the game of Lawn Tennis?
(A) Thomas Cup
(B) Merdeka Cup
(C) Uber Cup
(D) Durand Cup
(E) Grand Prix
See Answer:

32. Which of the following film won the best Film Award at 59th National Film Awards held in May 2012?
(A) Rockstar
(B) Deool
(C) Chillar Party
(D) Stanley ka Dibba
(E) None of these
See Answer:
33. Which of the following act regulates the foreign contribution in India?
(A) Indian Contract Act
(B) Foreign Regulation Act
(C) Foreign Contribution and Regulation Act
(D) All of these
(E) None of these
See Answer:

34. The Ministry of Railways has in March 2012 decided to increase the advance reservation period for booking train tickets from 90 days to _______ days?
(A) 100 days
(B) 120 days
(C) 130 days
(D) 140 days
(E) 200 days
See Answer:

35. The Reserve Bank of India took decision in June, 2012, to increase the limit of Foreign Investment in Government Bonds. The raised limit is _______?
(A) $5 billion
(B) $10 billion
(C) $15 billion
(D) $20 billion
(E) $25 billion
See Answer:

36. Which of the following Cricketer has announced his retirement recently from all forms of International Cricket on 12th July, 2012?
(A) Rahul Dravid
(B) Brett Lee
(C) Shane Warne
(D) Ricky Ponting
(E) V.V.S.Laxman
See Answer:
37. The term 'Syndicate Loan' is in vogue these days. What is the meaning of the term 'Syndicate Loan'?
(A) It is loan provided by group of companies
(B) It is loan provided by group of banks
(C) It is an unsecured loan
(D) It is loan provided to group of individuals
(E) None of these
See Answer:

38. Which of the following is the practice of making profit by taking advantge of a price difference between two or more markets?
(A) Hedging
(B) Arbitrage
(C) Transfer
(D) Sorting
(E) None of these
See Answer:

39. Export Import Bank of India (EXIM) is a finance institution established in 1982. Who is the owner of this institution?
(A) RBI
(B) NHB
(C) Government of India
(D) Both A and B
(E) Both A and C
See Answer:

40. Give the expanded form of SIDO?
(A) Small Industries Developement Office
(B) State Industrial Developement Organisation
(C) Sick Industries Developement Organisation
(D) Small Industries Developement Organisation
(E) None of these
See Answer:

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PRACTICE TEST

PACTICE TEST

1. Name the village in Assam's Lakhimpur district that has become the 2nd village in India to have full life insurance coverage?
(A) Pulinaharani Village
(B) Rangati Misamara Village
(C) Bada Village
(D) Bagatpura Village
(E) None of these
See Answer:

2. Antyodaya Ann Yojana is the scheme of __________ that provides economic assistance to poorest families in rural and urban areas?
(A) Assam
(B) Mizoram
(C) Rajasthan
(D) Gujarat
(E) None of These
See Answer:

3. In which year the National Fund for Rural Developement was started?
(A) 1982
(B) 1984
(C) 1980
(D) 1990
(E) 1987
See Answer:

4. For carrying out which campaign the Ministry of Tourism inked an MOU with the Railway Ministry recently?
(A) Lead India Campaign
(B) Cleaning Campaign
(C) Clean India Campaign
(D) Tourism Campaign
(E) None of these
See Answer:

5. Where were the first Winter Youth Olympics held from January 13 to January 22?
(A) America
(B) Australia
(C) London
(D) South Africa
(E) None of these
See Answer:

6. Pakistan has assumed its seat as a non permanent member of the _________ on January 1, 2012?
(A) U.N.Security Council
(B) World Health Organization
(C) United Nation Children's Fund
(D) Universal Postal Union
(E) Food and Agriculture Organization
See Answer:

7. Banks classify non-performing assets into three categories based on the period for which the assets has remained non-performing. Which of the following is not included in these three caregories?
(A) Substandard Assets
(B) Doubtful Assets
(C) Loss Assets
(D) Debt Asset
(E) None of these
See Answer:

8. 'Talking ATMs' are specially designed for which of the following?
(A) Handicapped
(B) Visually Impaired
(C) Mentally Impaired
(D) Both A & B
(E) None of these
See Answer:

9. Rate at which RBI purchases or re-discounts bills of exchange of commercial banks is called _________?
(A) SLR
(B) Reverse Repo Rate
(C) Bank Rate
(D) Base Rate
(E) None of these
See Answer:

10. What is 'Short Selling'?
(1) The sale of borrowed securities, their eventual repurchase by the short seller at a lower price and their return to the lender
(2) Wholesale changes in the number of shares
(3) The sale of securities borrowed for a short period of time but at a higher price
(A) Only A
(B) only B
(C) Both B & C
(D) All A, B, & C
(E) None of these
See Answer:

11. If the interest rates on your deposits either go up or down, then it indicates that-
(A) Rate of interest has been changed by the bank
(B) Rate of interest has been increased by the bank
(C) Rate of interest has been changed by Finance Minister
(D) Revision in the bank rates has been done by the central bank
(E) None of these
See Answer:

12. What is the maximum limit of SLR?
(A) 45%
(B) 39%
(C) 42%
(D) 43%
(E) 40%
See Answer:

13. What stands for P.F.R.D.A.?
(A) Provident Fund Regulatory and Developement Authority
(B) Pension Fund Regulatory and Developement Authority
(C) Pension Fund Revisory and Developement Authority
(D) Pension Fund Revisory and Direct Authority
(E) None of these
See Answer:

14. Which bank has introduced 'Rural Innovation Awards' recently?
(A) RBI
(B) SBI
(C) NABARD
(D) IDBI
(E) None of these
See Answer:

15. Accordin to the Monetary Policy of RBI what is teh Reverse Repo Rate w.e.f 17 April 2012?
(A) 7.00%
(B) 7.50%
(C) 8.00%
(D) 8.50%
(E) None of these
See Answer:

16. Any upward revision in bank rate by Central Bank is an indication that banks should also increase ________
(A) Deposit Rate
(B) Base Rate
(C) Benchmark Prime Lending Rate
(D) All A,B & C
(E) None of these
See Answer:

17. Recently RBI Governer Dr.D.Subbarao appealed to banks to conduct a Town Hall event in a chosen state. Which language has been recommended by him to conduct these events?
(A) Regional Language
(B) Local Language
(C) Official Language
(D) Official Classical Language
(E) None of these
See Answer:

18. Recently the Government of India launched a New Free Drug Policy. For what purpose it has been introduced?
(A) To provide free medical services to the urban population
(B) To provide free medical treatment to the neighbouring country's people residing in India
(C) To provide free medical services to country's rural population
(D) To provide medical benefits to country's 121 Crore population
(E) None of these
See Answer:

19. Which two alternative measures of money supply are known as broad money?
(A) M1 and M3
(B) M3 and M4
(C) M1 and M2
(D) M2 and M3
(E) None of these
See Answer:

20. Which of the following is the World's oldest International Financial Organization?
(A) International Monetary Fund
(B) World bank
(C) Bank for International Settlements
(D) International Finance Corporation
(E) None of these.
See Answer:

21. Which is a type of treasury bill?
(A) 14 day T-Bill
(B) 91 day T-Bill
(C) 182 day T-Bill
(D) 364 day T-Bill
(E) All of these
See Answer:

22. Seema has given a loan of Rs. 50,000 to Raju, which Raju has to return. Now, Seema also has to give some money to Imran. In this case Seema can make a document directing Raju to make payment upto Rs.50,000 to Imran on demand or after expiry of a specific period. What this document will be called ?
(A) Promissory Note
(B) Cheque
(C) Bill of Exchange
(D) Demand Draft
(E) None of these
See Answer:

23. Which is not included in tax revenue?
(A) Tax on interest receipts, dividends and profit
(B) Tax on income and expenditure
(C) Tax on assets and capital transaction
(D) Tax on goods and services
(E) None of these
See Answer:

24. __________ tax was introduces in 2005-06 budget. It is a small tax on each withdrawl from bank exceeding a particular amount in a single day
(A) Securities Transaction Tax
(B) Banking Cash Transaction Tax
(C) Cash Withdrawl Tax
(D) Money Transaction Tax
(E) None of these
See Answer:

25. __________ is commonly known as the 'Administered Price Inflation'?
(A) Wage Inflation
(B) Cost-push Inflation
(C) Pricing Power Inflation
(D) Sectoral Inflation
(E) None of these
See Answer:

26. When was Swabhimaan, a scheme of financial inclusion launched?
(A) February 28, 2010
(B) February 10, 2011
(C) February 20, 2011
(D) February 12, 2010
(E) February 15, 2011
See Answer:

27. Which state in May 2012 imposed a ban on a sale of 'Gutka'?
(A) Kerela
(B) Madhya Pradesh
(C) Sikkim
(D) Arunachal Pradesh
(E) Manipur
See Answer:

28. Who is the Director of Vikram Sarabhai Space Centreb (V.S.S.C.) at present(2012)?
(A) S.P.Rao
(B) P.S.Veeraraghavan
(C) L.M.Raghavan
(D) S.D.Verma
(E) None of these
See Answer:

29. _____________ has become the largest importer of arms surpassing China?
(A) Japan
(B) U.S.A
(C) India
(D) Saudi Arabia
(E) None of these
See Answer:

30. Bhakra Nangal project is a joint venture of Punjab, Rajasthan & ___________ state governments.
(A) Haryana
(B) West Bengal
(C) Delhi
(D) Jammu & Kashmir
(E) Uttar Pradesh
See Answer:

31. Which neighbouring country along with Nepal accepted Indian Rupee as a legal tender?
(A) Sri Lanka
(B) Myanmar
(C) Pakistan
(D) Bhutan
(E) None of these
See Answer:

32. The Government of India has announced the minimum support prices for how many major crops including paddy, wheat, oil seeds, cotton and sugarcane?
(A) 20
(B) 23
(C) 25
(D) 24
(E) 30
See Answer:

33.Who has received prestigious Templeton Prize for his contribution to confirming life's spiritual dimentions on May 14, 2012?
(A) Baba Ramdev
(B) Dalai Lama
(C) Deepak Chopra
(D) Asharam
(E) Dan Browne
See Answer:

34.Recently _______ has decided to set up a $2 Billion swap facility for SAARC member nations?
(A) RBI
(B) World Bank
(C) Asian Developement Bank
(D) United Nations
(E) None of these
See Answer:

35. The Government in May, 2012 raised the rate of General Provident Fund (G.P.F.) upto ________?
(A) 6.5%
(B) 9.2%
(C) 8.8%
(D) 9.7%
(E) 8.1%
See Answer:

36. Which among the following is a Credit Rating Agency of Indian origin
(A) IBA
(B) S&P
(C) SEBI
(D) Fitch
(E) CRISIL
See Answer:

37. In which year Basel III capital regulation will be fully implemented in India?
(A) 2013
(B) 2015
(C) 2019
(D) 2018
(E) 2020
See Answer:

38. Which among the following terms is related to the game of Volleyball?
(A) Heave
(B) Tee
(C) Love-all
(D) Smash
(E) Silly Point
See Answer:

39. Which among the following is a book written by Kiran Desai?
(A) India My Dream
(B) My Experiences With Truth
(C) The Loss of Inheritance
(D) Revolution 2020
(E) None of these
See Answer:

40. What is the capital of Equador?
(A) Luanda
(B) Quito
(C) Baku
(D) Dhaka
(E) Minsk
See Answer:

41. In which country/city will be the mini Pravasi Bhartiya divas held?
(A) Singapore
(B) Dubai
(C) Trinidad and Tobago
(D) Canada
(E) None of these
See Answer:

42. Who has been appointed as the ambassador of anti tobacco campaigne?
(A) Amitabh Bacchan
(B) Shaan
(C) Udit Narayana
(D) Abhishek Bacchan
(E) None of these
See Answer:

43. Which company has renewed its long term sponsorship deal with Indian Hockey by signing a five year agreement with Hockey India?
(A) Sahara Group
(B) WIPRO
(C) HCL
(D) TCS
(E) None of these
See Answer:

44. Recently R.D.Sharma passed away. He was famous ___________?
(A) Social Activist
(B) Science writer
(C) Veteran Director
(D) Actor
(E) None of these
See Answer:

45. Recently Emil Bloc resignes. Who was he?
(A) Social Activist
(B) Journalist
(C) Prime Minister of Romania
(D) President of Russia
(E) None of these
See Answer:

46. Foreign Exchange Reserve of India is maintained with _____________?
(A) World Bank
(B) Asian Developement Bank
(C) IMF
(D) RBI
(E) None of these
See Answer:

47. Which of the following is not a Public Sector Unit/agency Undertaking?
(A) SAIL
(B) NABARD
(C) ING VYSYA Bank
(D) ONGC
(E) None of these
See Answer:

48. National Disaster Response Force and Civil Defence comes under which ministry?
(A) Ministry of Home Affairs
(B) Ministry of Defence
(C) Ministry of External Affairs
(D) Ministry of Science and Technology
(E) None of these
See Answer:

49. What was the reason of resignation of Nasheed Anni (Former President of Maldives)?
(A) Corruption
(B) Clash between Police and Public
(C) Removal of the Chief Justice
(D) Ministry of Science and Technology
(E) None of these
See Answer:

50. The Prime Minister's Economic Advisory Council (PMEAC), has estimated the country's economy would grow by __________ in the current financial year, ending March 31, 2012?
(A) 8%
(B) 7.1%
(C) 6.9%
(D) 10%
(E) None of these
See Answer:

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PRACTICE TEST

Test Your Preparations With General Awareness

1. Recently which of the following organisations has elected K. Srinath Reddy as its first ever Indian President?
(A) United Nations
(B) World Heart Federation
(C) National Youth Council
(D) Dabur India Limited
(E) None of these
See Answer:

2. Who has been recently conferred with Pravasi Bhartiya Samman Award?
(A) Anil Kakodkar
(B) Rahul Khullar
(C) S.R.Nathan
(D) Mehboob Alam
(E) None of these
See Answer:

3. Which among the following is not a feature of primary market?
(A) It performs the crucial function of facilitating capital formation in the economy
(B) This is the market for new long term equity capital
(C) The financial assets sold can only be redeemed by the original holder
(D) It is also known as the after market
(E) None of these
See Answer:

4. Which among the following is a derivative?
(A) Forwards
(B) Futures
(C) Options
(D) Warrants
(E) All of the above
See Answer:
5.When is the International Labour Day celebrated?
(A) 1 May
(B) 2 May
(C) 10 May
(D) 1 June
(E) None of these
See Answer:

6. Recently Internet behemoth Google registered 255 instances of India requesting for online content censorship, posing a sharp increase of __________ in the second half of 2011?
(A) 33%
(B) 45%
(C) 46%
(D) 49%
(E) 50%
See Answer:

7.Recently the Government of India has started the process of 10% stake sale in National Aluminium Company Ltd. (Nalco, based in Bhubaneshwar). How it will effect the exchequer?
(A) It may enrich the exchequer with around Rs.12,000 Crore
(B) It may enrich the exchequer with around Rs.50,000 Crore
(C) It may lead to deficit of around Rs.12,000 crore in the exchequer
(D) It may enrich the exchequer with around Rs.15,000 crore
(E) None of these
See Answer:

8. Recently which global rating agency after Stanfords & poor's degraded India's Credit rating outlook to negative?
(A) Moody's
(B) Fitch
(C) DBRS
(D) A.M.Best
(E) None of these
See Answer:

9. Which state government has recently decided to allow the farmers of the state to avail loans directly from the commercial banks?
(A) Gujrat
(B) Sikkim
(C) Maharashtra
(D) Rajasthan
(E) Uttar Pradesh
See Answer:
10. Recently on which of the following recommendations the government has increased Minimum Support Price (MSP's) of primary Kharif crops?
(A) Commission for Agricultural Cost and Prices
(B) Indian Society for Agribusiness Professionals
(C) Council of Trade and Industry
(D) Commission for Agricultural Costs and Mminimum Support Price
(E) None of these
See Answer:

11. RBI has asked all the banks to generate a Unique Customer Identification Code (UCIC) for each of their customers. AS per RBI it will help Banks to__________?
(A) Identify their customers
(B) Track the facilities accessed and monitor financial transactions
(C) Empower banks with a better approach while risk prifiting their customers
(D) All of the above
(E) None of these
See Answer:

12. Rrecently the union government approved capital infusion of Rs. _______ in some RRB's.
(A) 333 Crore
(B) 600 Crore
(C) 450 Crore
(D) 632 Crore
(E) 500 Crore
See Answer:

13. Name the deputy governer of RBI who has been re-appointed on the 13th of June 2012 for a period of three months beyond 14 June 2012 or until further orders, whichever is earlier?
(A) Anand Sinha
(B) K.C.Chakraborthy
(C) Subir Gokarn
(D) H.R.Khan
(E) None of these
See Answer:

14. In the Union Budget 2012-13 the introduction of Rajiv Gandhi Equity Saving Scheme allows income tax deduction of ______ to new retail investors investing upto Rs.50,000 in equities?
(A) 45%
(B) 47%
(C) 50%
(D) 52%
(E) 50%
See Answer:

15. Weather based crop insurance scheme was announced in the Unin Budget _________?
(A) 2012-11
(B) 2000-01
(C) 2007-08
(D) 2009-10
(E) 2012-13
See Answer:
16. What is the maximum amount one can invest in National Saving Certificates (NSC) Scheme?
(A) Rs.50,000
(B) Rs.77,000
(C) Rs.81,000
(D) Rs.1,00,000
(E) No maximum limit
See Answer:

17. Who is the author of 'After Dark'?
(A) Emi Gayle
(B) Rachel Harris
(C) Corrine Jackson
(D) Lissa Price
(E) None of these
See Answer:

18. The book 'Controversially yours' is the autobiography of?
(A) Shoaib Akhtar
(B) Tasleema Nasreen
(C) Sanjay Dutt
(D) Shashi Tharoor
(E) None of these
See Answer:

19. Which UN specialized organisation is charged with facilitating the exchange of weather and climate information?
(A) World Weather Union (WWU)
(B) International Weather Union (IWU)
(C) World Metrological Organisation (WMO)
(D) United Nations Commission on Meteorological
(E) None of these
See Answer:

20. When was Rajiv Gandhi Grameen Vidyutikaran (R.G.G.Y.)?
(A) 3 January 2004
(B) 27 April 2005
(C) 2 April 2005
(D) 4 April 2005
(E) 3 April 2005
See Answer:
21. Indra Awas Yojna was launched during 1985-86 as a sub scheme of ________?
(A) Bharat Nirman Yojana (BNY)
(B) Pradhan Mantri Gram Sadak Yojna (PMGSY)
(C) Rural Landlines Employment Guarantee Programme (RLEGP)
(D) Pradhan Mantri Adarsh Gram Yojana (PMAGY)
(E) None of these
See Answer:

22. Which of the following imposes tax in India?
(1) State Government
(2) Central Government
(3) RBI
(A) Only A
(B) Both A & B
(C) Only C
(D) Both B and C
(E) None of these
See Answer:

23. __________has been recently removed from the list of polio endemic countries?
(A) Afghanistan
(B) India
(C) Pakistan
(D) South Sudan
(E) None of these
See Answer:

24. Who has been recentlyappointed as the Director of Bhabha Atomic Research Centre (BARC)?
(A) S.Sarkar
(B) D.Basu
(C) Shekhar Basu
(D) Shiva Thapa
(E) None of these
See Answer:

25. Where will be the 11th pravasi bhartiya divas hosted?
(A) Cochin
(B) Delhi
(C) Maharashtra
(D) Rajasthan
(E) None of these
See Answer:
26. Recently how much amount has been promised by India to inject into the International Monetary Fund as a bailout package to Eurozone and also triggered other BRICS members to pledge various amounts for bailing out Eurozone?
(A) $12 Billion
(B) $16 Billion
(C) $10 Billion
(D) $20 Billion
(E) $23 Billion
See Answer:

27. Recently which of the following countries has expressed its willingness to collaborate with Kerela in agro-based services and other sectors?
(A) America
(B) Australia
(C) Brazil
(D) Russia
(E) China
See Answer:

28. Which Indian state has launched 'mamoni scheme'?
(A) Rajasthan
(B) Sikkim
(C) Assam
(D) Tamil Nadu
(E) Andhra Pradesh
See Answer:

29. Which of the India's first University of Co-operative Management being set up by the Assam Government?
(A) Assam Rajiv Gandhi University of Co-operative Management
(B) Gujrat Rajiv Gandhi University of Co-operative Management
(C) Assam Janaki Ballabh Patnaik University of Co-operative Management
(D) Assam Tarun Gogoi University of Co-operative Management
(E) None of these
See Answer:

30. Vyas Samman is given annually for an outstanding literary work in __________ language?
(A) Sanskrit
(B) Hindi
(C) Urdu
(D) Bith 1 & 2
(E) None of these
See Answer:
31. Recently the Supreme Court of Pakistan has piled up pressure on new Prime Minister of Pakistan ______________ to reopen graft cases in Swizerland against President Asif Ali Zardari?
(A) Parvez Musharraf
(B) Yusuf Raza Gilani
(C) Raja Farukh Ashraf
(D) Nasir-ul-Malik
(E) None of these
See Answer:

32. Where is the 'Bird's Nest Stadium' situated?
(A) Los Angeles, California
(B) Beijing, China
(C) New Delhi, India
(D) Sydney, Australia
(E) London, United Kingdom
See Answer:

33. For the ___________ time the summer Olympics was held in London from 27 July, 2012 to 12 August, 2012?
(A) Fourth
(B) Second
(C) Third
(D) Frist
(E) Fifth
See Answer:

34. Which of the following pair of books and authors is incorrect?
(A) A Nation in Making- Surendra Nath Bandopadhyay
(B) A Suitable Boy- Vikram Seth
(C) A Pair of Blue Eyes- Thomas Hardy
(D) A Passage to India- Amrita Pritam
(E) None of these
See Answer:
35. Which of the following is/are the function(s) performed by RBI?
(A) To maintain monetary and financial stability
(B) To develop and maintain stable payment system
(C) To promote and develop financial infrastructure
(D) To regulate or control the financial institutions
(E) All of the above
See Answer:

36. Which among the following is at the top of RBI's Organizational Structure?
(A) Governer
(B) Central Board of Directors
(C) Executive Directors
(D) Principle Chief General Manager
(E) None of these
See Answer:

37. Which one of the following State Assembly has recently passed a bill seeking a seven year jail term for cow slaughter or even transporting the animal for that purpose?
(A) Uttarakhand
(B) Chattisgarh
(C) Maharashtra
(D) Gujrat
(E) West Bengal
See Answer:

38. The Government of India has recently set up Financial Stability Developement Council (FSDC). It will be headed by which of the following?
(A) Prime Minister
(B) Union Finance Minister
(C) Economic Advisor to Prime Minister
(D) Governer of RBI
(E) None of these
See Answer:

39. Recently the Union Government of India has set up NATGRID. It is related to which one of the following?
(A) Education
(B) Health
(C) Intelligence
(D) Space
(E) Ukraine
See Answer:

40. As per 2012-13 Budget the Income Tax rate of 30% will be applicable for tax payers above the income of ____________?
(A) Rs. 8 Lacs
(B) Rs. 8.5 Lacs
(C) Rs. 10 Lacs
(D) Rs. 12 Lacs
(E) None of these
See Answer:

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PRACTICE TEST

Test Your Preparations With General Awareness

1. Banks are adopting which of the following methods in order to increase the financial inclusion in the Indian Economy?
(A) Internet Banking
(B) Offshore Banking
(C) Business Correspondent
(D) Stimulus Package
(E) None of these
See Answer:

2. Recently state owned Bharat Heavy Electricals Limited bagged 380 Crore order for setting up a 160 MV gas based plant in which of the following state?
(A) Madhya Pradesh
(B) Rajasthan
(C) Uttar Pradesh
(D) Haryana
(E) None of these
See Answer:

3. Parallel Economy is also referred to as _______________?
(A) Black Economy
(B) Grey Market
(C) Market Economy
(D) Both (1) & (2)
(E) None of these
See Answer:

4. Which of the following is not used in banking sector?
(A) SLR
(B) NPA
(C) Credit Rating
(D) Fixed Deposit
(E) PURA
See Answer:
5.Aziz Qureshi has been appointed as the governer of which of the following state?
(A) Maharashtra
(B) Andhra Pradesh
(C) Goa
(D) Uttarakhand
(E) None of these
See Answer:

6. There was record foodgrain production in India in 2011-12. How much production was there in 11-12 approximately?
(A) 300 Million tonnes
(B) 252 Million tonnes
(C) 250 Million tonnes
(D) 200 Million tonnes
(E) None of these
See Answer:

7.Who among the following has been appointed as the president of Asian Organisation of Institution of Accountants General (A.S.O.A.S.I.) ?
(A) Rita Menon
(B) Vinod Rai
(C) Ajit Singh
(D) Rafeeque Ahmed
(E) None of these
See Answer:

8. The Financial Developement Index is published by which of the following organisations?
(A) United Nation Developement Organisation
(B) World Health Organisation
(C) World Economic Forum
(D) United Nation Organisation
(E) None of these
See Answer:
9. In which of the country the 2013 World Ahteletic Championship is scheduled to be held?
(A) London
(B) Moscow
(C) Delhi
(D) China
(E) None of these
See Answer:

10. Which of the following measures can be used in order to check persistent inflationary condition?
(A) Increasing Direct Taxation
(B) Curtailing Public Expenditure
(C) Surplus Budgeting
(D) All of the above
(E) None of these
See Answer:

11. The spokesperson of the ruling Congress party recently tendered his resignation. The person is ________?
(A) Sonia Gandhi
(B) Abhishek Manu Singhvi
(C) Manmohan Singh
(D) Rashid Alvi
(E) None of these
See Answer:

12. Which of the folowing states on 30th May 2012, prohibited the sale and manufacturing of all tobacco products for next one year?
(A) Bihar
(B) Uttar Pradesh
(C) Madhya Pradesh
(D) Kerela
(E) None of these
See Answer:
13. According to the recent data released by Central Statistical Organisation, India's Economic growth rate pluged to _______ percent in January-March quarter of 2011-12?
(A) 7.6
(B) 6.5
(C) 5.3
(D) 4.5
(E) None of these
See Answer:

14. In case of nationalised bank, which among the following is its target Shareholder?
(A) Government Of India
(B) RBI
(C) NABARD
(D) LIC
(E) IBA
See Answer:

15. How can we define Mortgage?
(A) Securities on movable property for a loan given by a bank.
(B) Securities on immovable property for a loan given by a bank.
(C) Securities on both movable and immovable property for a loan given by a bank.
(D) Concession on immovable property for a loan given by bank.
(E) None of these
See Answer:

16. Who among the following has taken charge as Chairman cum Managing Director of Coal India Limited?
(A) Naresh Goyal
(B) S.Narsing Rao
(C) D.Sarkar
(D) Nirmal Chandra Jha
(E) None of these
See Answer:
17. If in any company an individual used price sensitive corporate information to make profit then this activity is known as?
(A) Foreign Trading
(B) Forex Trading
(C) Stock Trading
(D) Insider Trading
(E) None of these
See Answer:

18. CVC stands for ______________?
(A) Central Visitors Commision
(B) Central Vigilance Commission
(C) Coastal Vigilence Commission
(D) Central Vigilence Committee
(E) None of these
See Answer:

19. 'Rupiah' is the currency of which of the following country?
(A) Thailand
(B) Japan
(C) UAE
(D) Indonesia
(E) None of these
See Answer:

20. Which type of agency is CRISIL?
(A) Credit Rating Agency
(B) Inverstment Bank
(C) Developement Agency
(D) Share Depository
(E) None of these
See Answer:
21. The Indian Government has in April 2012 approved 22 Foreign Direct Investment proposals, the total amount of these proposals is approximately?
(A) Rs.886 Crore
(B) Rs.686 Crore
(C) Rs.586 Crore
(D) Rs.486 Crore
(E) Rs.386 Crore
See Answer:

22. Expand the term MIGA?
(A) Multilateral Inverstment Global Agency
(B) Multilateral Investor Global Agency
(C) Multinodal Developement Guarantee Act
(D) Multilateral Developement Guarantee Agency
(E) None of these
See Answer:

23. Recently Cheif Executive Officer (C.E.O.) of Yahoo, Scott Thompson has resigned from this post. Who has been appointed as its interim C.E.O.?
(A) Fred Amaroso
(B) Carol Barz
(C) Lassey Allesion
(D) Ross Lavinsohn
(E) None of these
See Answer:

24. Presently who is the Union Minister of Health and Family Welfare?
(A) Jairam Ramesh
(B) S.M.Krishna
(C) Pranab Mukherjee
(D) Ghulam Nabi Azad
(E) None of these
See Answer:
25. Kyoto Protocol is related to which of the following?
(A) Alternate sources of energy
(B) Global Warming
(C) Biological Diversity
(D) Nuclear Energy
(E) None of these
See Answer:

26. Who among the following has been awarded the National Innovator Star Trophy by EMPI-Indian Express on 4th May 2012?
(A) Competition Commission of India
(B) Election Commission of India
(C) FICCI
(D) ASSOCHAM
(E) None of these
See Answer:

27. The minimum duration for which a term deposit can be accepted by banks is __________?
(A) 1 Day
(B) 7 Days
(C) 30 Days
(D) 1 Year
(E) None of these
See Answer:

28. Pankaj Advani who was recently in the news is related to which sport?
(A) Billiard
(B) Snooker
(C) Weight Lifting
(D) Shooting
(E) None of these
See Answer:
29. Who among the following has been recently elected as the President of Confederation of Indian Industries of the year 2012-13?
(A) Rajan Gogoi
(B) K.Srinath Reddy
(C) Ajay Bagga
(D) Adi Godrej
(E) None of these
See Answer:

30. Who is the author of the book "River of smoke"?
(A) Patrick French
(B) Amitav Ghosh
(C) Dilip Hiro
(D) Chetan Bhagat
(E) None of these
See Answer:

31. Abel Prize is awarded for excellence in which of the following fields?
(A) Literature
(B) Science and Technology
(C) Innovation
(D) Mathematics
(E) None of these
See Answer:

32. Who among the following took over the reigns of Indian Army?
(A) Gen. Bikram Singh
(B) Gen. V.K.Singh
(C) Gen. R.K.Singh
(D) Gen. Navneet singh
(E) None of these
See Answer:
33. The term "Deuce" is related to which sport?
(A) Cricket
(B) Bridge
(C) Chess
(D) Tennis
(E) Hockey
See Answer:

34. If any country's currency is devaluated then what will be its effects?
(A) The imports as well as exports will increase
(B) It will result in Trade Deficit
(C) A counntry's imports and its foreign reserves will decrease
(D) A country's export will increase and there will be improvement in its Balance Of Payments
(E) None of these
See Answer:

35. Who tops the Forbes list of "Most Powerful people 2011"?
(A) Vladimir Putin
(B) Bill Gates
(C) Angela Merkel
(D) Hu Jintao
(E) Barack Obama
See Answer:

36. The data pertaining to National Income is compiled by which of the following Institution/Organisation each year?
(A) Planning Commission
(B) National Statistical Survey Organisation
(C) Central Statistical Organisation
(D) Finance Commission
(E) None of these
See Answer:
37. POSCO has decided to set up a steel plant in Jagdishpur District of Odisha. The full form of POSCO is_____________?
(A) Public Iron and Steel Company
(B) Pohang Iron and Steel Company
(C) Pohang Iron and Steel Corporation
(D) Private Iron and Steel Corporation
(E) None of these
See Answer:

38. Who among the following has been appointed as the new Chairman of Telecom and Regulatory Authority of India (T.R.A.I.) ?
(A) Rahul Khullar
(B) J.S.Sharma
(C) Nipendra Mishra
(D) D.Sarkar
(E) None of these
See Answer:

39. The Indian Hockey team recently qualified for London Olympics 2012 by defeating which of the following country in a match held at New Delhi?
(A) Germany
(B) Pakistan
(C) China
(D) France
(E) Ukraine
See Answer:

40. Floating Exchange Rate is also referred to as ______________?
(A) Flexible Exchange Rate
(B) Fixed Exchange Rate
(C) Real Exchange Rate
(D) Controlled Exchange Rate
(E) None of these
See Answer:

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PRACTICE TEST

TEST YOUR PREPARATIONS WITH GENERAL AWARENESS 

1. Who among the following was the Indian flag bearer at the 29th Olympic Games held at London, UK in August 2012?
(A) Jaspal Rana
(B) Sushil Kumar
(C) Anju B. George
(D) Mahesh Bhupati
(E) None of these
See Answer:

2. Who has been appointed as the director in board of Reserve Bank of India?
(A) S.K.Singh
(B) D.K. Mittal
(C) Som Mittal
(D) Sunil Bharti Mittal
(E) None of These
See Answer:

3. Which country has been named on the top with highest exposure and least resillience to Global Risk?
(A) Somalia
(B) Russia
(C) China
(D) India
(E) None of these
See Answer:

4. 'Shaikel' is the currency of which country?
(A) Egypt
(B) Germany
(c) Israel
(D) Argentina
(E) None of these
See Answer:

5. Major functions of non banking financial intermediaries are-
(A) Economic basis of Financial Intermediation
(B) Investment of Funds
(C) Mobilisation of Savings
(D) All A,B and C
(E) None of these
See Answer:
6. How can the condition of deflation be controlled?
(A) Expansion of interest rates
(B) Credit Expansion
(c) Increasing in Taxation
(D) Increasing Imports
(E) None of these
See Answer:

7. What are the demerits of paper money?
(1) Over issue of paper currency results in inflanationary situation in the country
(2) Paper money has no intrinsic value of its own
(3) Since the supply of paper money is liable to quick changes, there is lack of stability in its value
(A) 1 & 2
(B) Only 2
(C) All are true
(D) Only 3
(E) None of these
See Answer:

8. The need of merchant banking was launched by Banking Commission in-
(A) 1972
(B) 1978
(C) 1989
(D) 2001
(E) 1976
See Answer:

9. Rajiv Vidya Mission is the rename of which of the following scheme?
(A) Indra Vidya Mission
(B) National Literacy Mission
(C) Sarva Shiksha Abhiyan
(D) Saakshar Bharat Mission
(E) None of these
See Answer:

10. Who took over as the President of ASSOCHAM?
(A) Rana Kapoor
(B) Raj Kumar Dhoot
(C) Sunil Kanoria
(D) Dilip Modi
(E) Narendra Modi
See Answer:
11. On which of the following date is International Mother Language Day celebrated annually by UNESCO?
(A) 3 March
(B) 22 May
(C) 21 February
(D) 26 January
(E) None of these
See Answer:

12. The Prestigious National Tansen Award for classical Indian Music was conferred to?
(A) Pandit Mani Prasad
(B) Siddheshwari Devi
(C) Pandit Dilip Chandra Vedi
(D) Savita Devi
(E) None of these
See Answer:

13. The combination of commercial banking and investment banking including securities business is called?
(A) Universal Banking
(B) Offshore Banking
(C) Retail Banking
(D) Personal Banking
(E) None of these
See Answer:

14. Who Became the first overseas player to be presented with the honorary life time membership of Sydney Cricket Ground?
(A) Ricky Ponting
(B) V V S Laxman
(C) Sachin Tendulkar
(D) Lasith Mallinga
(E) Virat Kohli
See Answer:

15. Which is the world's first major International award for the work on sustainability?
(A) Pushkin Award
(B) Ashden Award
(C) Gunnurus Sustainability Award
(D) NZI Sustainable Business of the year
(E) None of these
See Answer:
16. After the resignation of Mohd. Nasheed, who has been appointed as the new President of Maldives?
(A) Mohd. Waheed Hassan
(B) Ahmad Shamheed
(C) Gayoom
(D) Ahmad Adheeb
(E) None of these
See Answer:

17. Who has been appointed as the new chief of the Central Industrial Security Force (C.I.S.F.)?
(A) R.K.Das
(B) Rajiv Mathur
(C) N.R.Das
(D) Sudhir Chandra
(E) None of these
See Answer:

18. _________ is the monetary policy tool which allows banks to borrow money through repurchase agreements.
(A) Repo Rate
(B) Reverse Repo Rate
(C) Statutory Liquidity Ratio
(D) Liquidity Adjustment Facility
(E) None of these
See Answer:

19. In which year OLTAS (online tax accounting system) introduced?
(A) 2001
(B) 2004
(C) 2007
(D) 2011
(E) None of these
See Answer:

20. Removal of poverty for the first time was the main focus of which five year plan?
(A) 2nd
(B) 3rd
(C) 5th
(D) 6th
(E) None of these.
See Answer:
21. The 15th World Sanskrit conference was hosted by?
(A) New Delhi
(B) Kyoto
(c) Helsinki
(D) Bangaluru
(E) None of these
See Answer:

22. How many people have been conferred National Award on the occasion of National Science Day?
(A) Two
(B) Six
(c) Eight
(D) Eleven
(E) None of these
See Answer:

23. Which pilot scheme is being launched with the motto 'Adventure to the paradise unexplored'?
(A) Incredible India
(B) Himalayan Paradise
(C) Youth to the Edge
(D) Kerela Tourism
(E) None of these
See Answer:

24. Which ministry launched a web portal for the implementation of the National Scheme of Incentive to Girls for Secondary Education?
(A) Ministry of Human Resource Developement
(B) Ministry of Finance
(C) Ministry of Civil Aviation
(D) Ministry of Rural Developement
(E) None of these
See Answer:

25. Bashar-Al-Assad endorsed the country's new constitution recently. Who is Bashar-Al-Assad?
(A) Prime Minister of Lebanon
(B) President of Lebanon
(C) President of Syria
(D) Prime Minister of Syria
(E) None of these
See Answer:
26. India and ________ agreed to enhance co-operation in hydrocarbon sector, including exploitation of resources and explore investment opportunities in IT, Infrastructure and Tourism sectors?
(A) Romania
(B) Ukraine
(C) Hungary
(D) Russia
(E) None of these
See Answer:

27. Who has been appointed as the new chairman of 45 nation strong Asian Organisation of the Institution of Accountants General?
(A) Muhammad Akhtar
(B) Vijay Kelkar
(C) Vinod Rai
(D) Mohd Nassir
(E) None of these
See Answer:

28. Mallikarjuna Kharge inaugrated the International conference on the innovations in public employment programme and sustainable inclusive growth. Who is he?
(A) Environment Minister
(B) Union Labour and Employment Minister
(C) Textile and Commerce Minister
(D) Rural Developement Minister
(E) None of these
See Answer:

29. Recently Kartar Singh Duggal passed away. He was a famous ________ ?
(A) Socialist
(B) Actor
(C) Historian
(D) Writer
(E) None of these
See Answer:

30. Which country has rolled out its first home made magnetically levitated train?
(A) Germany
(B) Japan
(C) China
(D) U.S.A.
(E) None of these
See Answer:
31. The satellite named Navid-e-Elm-o Sanat was recently launched by ________?
(A) Iran
(B) Libya
(C) Pakistan
(D) Israel
(E) None of these
See Answer:

32. In world's largest steel makers what is India's rank?
(A) 5th
(B) 4th
(C) 3rd
(D) 2nd
(E) None of these
See Answer:

33.By how much percent did India's per capita income grew in 2010-2011 in comparison to the previous year?
(A) 14.8%
(B) 15.6%
(C) 16.7%
(D) 19.9%
(E) None of these
See Answer:

34.Who is named as Sri Lanka's new coach aiming at improving the standard of the National Cricket Team?
(A) Greg Chappel
(B) Geoff Marsh
(C) John Wright
(D) Graham Ford
(E) None of these
See Answer:

35. Which state won the Ranji Trophy recently held at Chennai?
(A) Madhya Pradesh
(B) Rajasthan
(C) West Bengal
(D) Tamil Nadu
(E) None of these
See Answer:
36. The main function to the financial market are :
(A) To facilitate creation and allocation of credit and liquidity
(B) To assist process of balanced economic growth
(C) To serve as intermediaries for mobilization of savings
(D) All of the above
(E) None of these
See Answer:

37. ____________ is a place where existing securities are bought and sold?
(A) Primary Market
(B) Derivative Market
(C) Secondary Market
(D) Treasury Bill Market
(E) Call Money Market
See Answer:

38. A mutual fund that comes with a sales charge or commission is a _____________
(A) Loaded Funds
(B) No-Load Funds
(C) Sinking-Charge Funds
(D) All of the above
(E) None of these
See Answer:

39. Which of following act as a store of value?
(A) Antiques
(B) Silver
(C) Real estate
(D) All of the above
(E) None of these
See Answer:

40. Rashtriya Swasthaya Bima Yojana was launched in the year ________.
(A) April 1, 2001
(B) October 1, 2007
(C) July 31, 2007
(D) December 11, 2003
(E) None of these
See Answer:
41. In which country/city will be the mini Pravasi Bhartiya divas held?
(A) Singapore
(B) Dubai
(C) Trinidad and Tobago
(D) Canada
(E) None of these
See Answer:

42. Who has been appointed as the ambassador of anti tobacco campaigne?
(A) Amitabh Bacchan
(B) Shaan
(C) Udit Narayana
(D) Abhishek Bacchan
(E) None of these
See Answer:

43. Which company has renewed its long term sponsorship deal with Indian Hockey by signing a five year agreement with Hockey India?
(A) Sahara Group
(B) WIPRO
(C) HCL
(D) TCS
(E) None of these
See Answer:

44. Recently R.D.Sharma passed away. He was famous ___________?
(A) Social Activist
(B) Science writer
(C) Veteran Director
(D) Actor
(E) None of these
See Answer:

45. Recently Emil Bloc resignes. Who was he?
(A) Social Activist
(B) Journalist
(C) Prime Minister of Romania
(D) President of Russia
(E) None of these
See Answer:
46. Foreign Exchange Reserve of India is maintained with _____________?
(A) World Bank
(B) Asian Developement Bank
(C) IMF
(D) RBI
(E) None of these
See Answer:

47. Which of the following is not a Public Sector Unit/agency Undertaking?
(A) SAIL
(B) NABARD
(C) ING VYSYA Bank
(D) ONGC
(E) None of these
See Answer:

48. National Disaster Response Force and Civil Defence comes under which ministry?
(A) Ministry of Home Affairs
(B) Ministry of Defence
(C) Ministry of External Affairs
(D) Ministry of Science and Technology
(E) None of these
See Answer:

49. What was the reason of resignation of Nasheed Anni (Former President of Maldives)?
(A) Corruption
(B) Clash between Police and Public
(C) Removal of the Chief Justice
(D) Ministry of Science and Technology
(E) None of these
See Answer:

50. The Prime Minister's Economic Advisory Council (PMEAC), has estimated the country's economy would grow by __________ in the current financial year, ending March 31, 2012?
(A) 8%
(B) 7.1%
(C) 6.9%
(D) 10%
(E) None of these
See Answer:

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