1.We often come across the term Production Sharing Contract [PS(3)] in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector ?
1) Fertiliser
2) Food processing
3) Telecom
4) Petroleum
5) None of these
2.What is the meant by recent news reports saying – "Indian Rupee is appreciating"?
I) THe purchasing power of the Rupee in India has declined
II) The exchange rate of Rupee in India has gone up
III) The purchasing power of the Rupee in India has gone up
1) I only
2) II only
3) II or III only
4) III only
5) None of these
3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu
2) Bihar
3) Karnataka
4) Andhra Pradesh
5) None of these
4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?
1) Uttar Pradesh
2) Karnataka
3) Kerala
4) Tamil Nadu
5) None of these
5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?
1) It has increased the interest rate on NPS deposits
2) It has allowed premature withdrawals
3) It has increased govt. subsidy for NPS deposit holders
4) It has increased distributors' commission
5) None of these
6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors
1) Horticulture
2) Gems & Jewellery
3) Watch
4) Pharmaceuticals
5) None of these
7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?
1) South Africa
2) Iran
3) Iceland
4) Bolivia
5) None of these
8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?
1) Dena Bank
2) Canara Bank
3) PNB
4) Bank of India
5) None of these
9. GRIHA rating system is used for which of the following ?
1) Cement
2) NBFCs
3) Buildings
4) Gold
5) None of these
10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?
1) Coconut
2) Pepper
3) Cardamom
4) Rubber
5) None of these
11.Which of the following statements is/are correct about the distribution of Central financial assistance to states ?
I) Central financial assistance for states is calculated according to the Gadgil Formula
II) The highest weightage is given to the per capita income of the state
III) The lowest weightage is given to the population of the state
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these
12.Which of the following public sector companies sells gold coins and silver ornaments under the trademark 'Sanchi'?
1) Rare Earths Ltd
2) State Trading Corporation (STC)
3) National Mineral Development Corporation (NMDC)
4) Minerals and Metals Trading Corporation (MMTC)
5) None of these
13.Power produced from which of the following sources has the highest share in India's annual power generation capacity ?
1) Hydro
2) Coal
3) Gas
4) Nuclear
5) None of these
14.What is the share of private expenditure on health in the total health expenditure in India according to the World Health Report of the World Health Organisation released recently?
1) 12%
2) 37%
3) 46%
4) 72%
5) None of these
15.BHAVINI is a public sector company in which sector ?
1) Shipping
2) Metals trading
3) Space
4) Nuclear energy
5) None of these
16.Which of the following statements about the Indian Economy in 2050 as per a recent report by Pricewaterhouse Coopers (Pwc) is / are correct ?
I) India's GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050
II) India's GDP in Purchasing Power Parity (PPP) terms is the second highest in the world in 2050
III) Only China will be ahead of India in both MER and PPP terms in 2050
1) I only
2) I and II only
3) II only
4) II and III only
5) None of these
17.Which of the following are not listed on stock exchanges in India ?
1) Fertiliser companies
2) NBFCs
3) Insurance companies
4) Airlines
5) None of these
18.What should be the minimum share of solar energy in states' total power purchases by 2022 as per the amendment in power tariff policy recently ?
1) 1%
2) 2%
3) 3%
4) 4%
5) None of these
19.Which of the following statements about FDI in retail sector is / are correct ?
I) 100 per cent FDI is permitted in cold chain through the automatic route.
II) Up to 33 per cent FDI is permitted in single brand retail
III) 100 per cent FDI is permitted in wholesale cash and carry
1) I only
2) I and II only
3) II only
4) III and I only
5) None of these
20.Which of the following pairs of large banks and their countries of origin is / are correctly matched ?
I) JPM organ Chase - Britain
II) ING Group - Netherlands
III) Standard Bank - South Africa
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
21.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?
I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres
II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres
III) No excise duty is levied on cotton fibres
1) I only
2) II only
3) I and III only
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4) III only
5) None of these
22.The Bombay Stock Exchange launched the BSE TASIS Shariah 50 - a stock index that is compliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?
I) Banking
II) Cement & Steel
III) Alcohol & tobacco products
1) I only
2) I and II only
3) III only
4) I and III only
5) None of these
23.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?
1) Bank of India
2) Bank of Baroda
3) Central Bank of India
4) SBI
5) None of these
24.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?
1) Tata Power
2) NHPC
3) Indian Oil
4) ONGC
5) None of these
25.Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?
I) Punjab National Bank - New Delhi
II) Allahabad bank – Kolkata
III) Bank of India - Mumbai
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
26.The tax on short - term capital inflows is named after which Nobel Laureate in economics ?
1) Gary Becker
2) james M. Buchanan
3) James Tobin
4) Myron Scholes
5) None of these
27. The term 'round - tripping' often appears in financial news these days. What does it mena?
1) Importing products that are not easily available in the domestic markes
2) Indian companies re-exporting imported products without any value addtion
3) Brining back illicit money hiddern aborad by Indians under a different name
4) Imposing high customs duty to discourage dumping of goods in Indian market
5) None of these
28.Infant Mortality Rate (IMR) data for high focus states (states where IMR is above national average) is collected once every five years. The Union Health Ministry has now decided to collect such data .......
1) half yearly
2) annually
3) once every two years
4) once every three years
5) None of these
29.Which country's gold output of 340.88 tonnes was the highest in the world in 2010 ?
1) Canada
2) South Africa
3) China
4) USA
5) None of these
30.Which of the following became the first oil & gas company to find shale gas deposits in India recently ?
1) Reliance Industries Ltd.
2) Cairn India
3) Essar Oil
4) ONGC
5) None of these
31.'Anushakti Vidhyut Nigam Ltd' was incorporated as a joint venture between Nuclear Power Corporation of India Ltd and which of the following recently ?
1) NMDC
2) NHPC
3) BEL
4) NTPC
5) None of these
32.Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation ?
1) National Institute of Public FInance and Policy
2) National Institute of Bank Management
3) National Institute of Findnancial Management
4) National Council of Applied Economic Research
5) None of these
33.China emerged as the world's second largest economy in 2010 overtaking ......
1) France
2) Britain
3) Germany
4) Japan
5) None of these
34.CARINGS has been launched by Ministry of Womena nd Child Development to :
1) improve gender parity
2) reduce infant mortality
3) improve child immunisation
4) facilitate adoption
5) None of these
35.The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing Acts relating to coinage recently. Which of the following Acts is the oldest ?
1) The Indian Coinage Act
2) The Small Coins (Offences) Act
3) The Metal Token Act
4) The Bronze Coin (Legal Tender) Act
5) None of these
36.Which of the following is not a hedge fund ?
1) Magellan
2) Hibhbridge
3) Gartner
4) D.E. Shaw
5) None of these
37.Preferred Provder Network (PPN) is a term used n which of the following businesses ?
1) Commodities trading
2) Retailing
3) Health insurance
4) Foreign trade
5) None of these
38.Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations?
1) IRDA
2) SEBI
3) RBI
4) TRAI
5) None of these
39.The government has introduced three new consumer price indices – CPI (Rural), CPI (Urban) & CPI (Combined) – with 2010 as the base year recently. Which of the following is not among the five major commodity groups covered in the indics ?
1) Food, beverages and tobacco
2) Fuel and light
3) Education and schooling
4) Housing
5) None of these
40.Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?
1) Stanchart Bank
2) HDFC Bank
3) SBI
4) Axis Bank
5) None of these
41.Regional Rural Banks (RRBs) are owned b :
I) Their Sponsor Bank
II) Government of the state where they are located
III) Union government
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
42.'Easy Exit Scheme 2011' floated by the Ministry of Corporate Affairs refers to which of the following ?
1) Privatisation of loss-making public sector companies
2) Removal of names of defunct companies from the Registrar of Companies
3) Closure of loss-making industries after paying off creditors
4) Removal of SEZ status for companies not fulfilling export obligations
5) None of these
43.What is the financial inclusion campaign lacunched by the government to bring banking services to vast unbanked rural areas in the country recently named ?
1) Swawlamban
2) Swatantra
3) Swadhar
4) Swabhiman
5) None of these
44.Whch of the following statements about India's population and surface area is are correct as per the provisional figures of Census 2011 ?
I) India accounts for 2.4 percent of the world surface area
II) India sustains 17.5 percent of the world population
III) Population density has increased between 2001 and 2011
1) I only
2) I and II only
3) III and I only
4) I, II and III
5) None of these
45.According to the RBI, branches serving population of ........ and above are classified as Metropolitan branches
1) 5 lakh
2) 10 lakh
3) 25 lakh
4) 50 lakh
5) None of these
46.Which state government has announced introduction of 'Vanita Family Card' for below poverty line families that will enable them travel in road transport corporation buses at concessional fares
recently ?
1) Karnataka
2) Tamil Nadu
3) Maharashtra
4) Andhra Pradesh
5) None of these
47.'French Auction' is a term used in which of the following sectors of financial services ?
1) Banking
2) Insurance
3) Capital markets
4) Micro-finance
5) None of these
48.The department of industrial policy and promotion (DPP) is promoting NMIZs to improve the spread of industrilisation in the country. NMIZ refers to which of the following ?
1) New Manufacturing and Investment Zones
2) National Medium Industry Zones
3) National Manufacturing Industry Zones
4) National Manufacturing and Investment Zones
5) None of these
49.Which state / union territory has the lowest literacy rate as per provisional figures of Census 2011 ?
1) Orissa
2) Mizoram
3) Bihar
4) Rajasthan
5) None of these
50.The Department of Industrial Poliyc and Promotion announced changes in FDi policy recently. Which of the following statements is / are correct ?
I) Indian companies have been allowe to convert foreign debt into equity
II) Indian companies have been allowed to issue equity to fund imports of machinery and capital goods
III) 51 per cent FDI is currently allowed in multi-branch retail trade
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
ANSWERS:
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11) 1 12) 4 13) 2 14) 4 15) 4 16) 4 17) 3 18) 3 19) 4 20) 3
21) 3 22) 4 23) 4 24) 3 25) 4 26) 3 27) 3 28) 2 29) 3 30) 4
31) 4 32) 4 33) 4 34) 4 35) 3 36) 3 37) 3 38) 2 39) 3 40) 4
41) 4 42) 2 43) 4 44) 4 45) 2 46) 4 47) 3 48) 4 49) 3 50) 2
