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
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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
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3. In which year the National Fund for Rural Developement was started?
(A) 1982
(B) 1984
(C) 1980
(D) 1990
(E) 1987
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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
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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
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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
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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
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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
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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
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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
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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
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12. What is the maximum limit of SLR?
(A) 45%
(B) 39%
(C) 42%
(D) 43%
(E) 40%
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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
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14. Which bank has introduced 'Rural Innovation Awards' recently?
(A) RBI
(B) SBI
(C) NABARD
(D) IDBI
(E) None of these
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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%
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36. Which among the following is a Credit Rating Agency of Indian origin
(A) IBA
(B) S&P
(C) SEBI
(D) Fitch
(E) CRISIL
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37. In which year Basel III capital regulation will be fully implemented in India?
(A) 2013
(B) 2015
(C) 2019
(D) 2018
(E) 2020
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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
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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
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40. What is the capital of Equador?
(A) Luanda
(B) Quito
(C) Baku
(D) Dhaka
(E) Minsk
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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
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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
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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
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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
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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
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46. Foreign Exchange Reserve of India is maintained with _____________?
(A) World Bank
(B) Asian Developement Bank
(C) IMF
(D) RBI
(E) None of these
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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
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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
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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
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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
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