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