GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. The Reserve Bank of India in its third bi-monthly credit policy review on 2014 August 5 decided to reduce the statutory liquidity ratio (SLR) of scheduled commercial banks. With effect from the fortnight beginning 2014 August 9 the SLR will be?
1) 23%
2) 22.5%
3) 22%
4) 23.5%
5) 24%

2.With a tally of 174 medals which country topped the medals table at the 20th Commonwealth Games in Glasgow, Scotland?
1) England
2) Australia
3) Canada
4) Scotland
5) New Zealand

3. India finished fifth in the overall medals tally at the 20th Commonwealth Games which concluded on 2014 August 3. How many gold medals did India win?
1) 19
2) 17
3) 15
4) 16
5) 18

4. Who will be presented the Rajiv Gandhi Sadbhavana Award on 2014 August 20 the birthday of
late Prime Minister Rajiv Gandhi?
1) Gulzaar
2) Muhammad Yunus
3) Javed Akhtar
4) Muzaffar Ali
5) Amjad Ali Khan

5. The Reserve Bank of India kept the Repo rate or the rate at which RBI lends money to banks for short term, unchanged at?
1) 9%
2) 9.5%
3) 8%
4) 8.5%
5) 8.75%

6. Ramon Magsaysay Awards were announced on 2014 July 31 to five individuals and one organization. Who among the following is not one of them?
1) Saur Marlina Manurung
2) Randy Halasan
3) Hu Shuli
4) Wang Canfa
5) Habiba Sarabi

7. Who took charge as the fourth Deputy Governor of the Reserve Bank of India on 2014 July 31?
1) K.R. Kamath
2) Arun Kaul
3) S.C. Bansal
4) T.M. Bhasin
5) S.S. Mundra

8. Who is the author of the book 'One Life is Not Enough'?
1) Kapil Sibal
2) Ahmed Patel
3) Mani Shankar Iyer
4) K. Natwar Singh
5) Shashi Tharoor

9. The Reserve Bank of India has permitted four non-bank entities to set up white-label ATMs in India. Which one of the following is not one of them?
1) Tata Communications Payment Solutions Ltd.
2) Prizm Payment Services Pvt. Ltd.
3) Muthoot Finance Ltd.
4) Vakrangee Ltd.
5) Bandhan Financial Services Ltd.

10. Jan Koum and Brian Acton are the co-founders of?
1) Facebook
2) Yahoo!
3) WhatsApp
4) Apple
5) BlackBerry

11. Rajasthan has become the second State, after Delhi, to withdraw approval for foreign direct
investment in?
1) Insurance
2) Banking
3) Highways
4) Multi brand retailing
5) None of these

12. Six public sector undertakings (PSUs) announced joining hands to set up the world's largest 4,000 MW ultra mega solar power project in which of the following States?
1) Gujarat
2) Rajasthan
3) Assam
4) Himachal Pradesh
5) Jharkhand

13. Agronomy is a branch of Agriculture that deals with?
1) Breeding of crop plants
2) Principles and practice of crop production
3) Protection of crops from pests
4) Protection of crops from diseases
5) None of these

14. Which of the following committees had recommended that the Reserve Bank of India monetary
policy committee meet every two months to review rates?
1) Bimal Jalan Committee
2) Khan Committee
3) Urjit Patel Committee
4) Nachiket Mor Committee
5) Y.H. Malegam Committee

15. Which of the following companies has crossed the 200 million mobile subscribers mark in India?
1) Idea cellular
2) Vodafone
3) Reliance
4) Aircel
5) Bharti Airtel

16. Which of the following Committees recommended that Prasar Bharati, India's public broadcaster, should have administrative
and financial autonomy?
1) Sam Pitroda Committee
2) Mukul Mudgal Committee
3) B.N. Srikrishna Committee
4) Kasturirangan Committee
5) None of these

17. Indian sportspersons who win medals at which of the following sports events won't have to pay
Income Tax on cash or other rewards given by the government?
1) Olympics
2) Commonwealth Games
3) Asian Games
4) Both 1 and 2
5) All 1, 2 and 3

18. The National Innovation Council (NIC) and which of the following ministries jointly announced
the creation of India Inclusive Innovation Fund (IIIF) on 2014 January 27?
1) Minority Affairs
2) Human Resources Development
3) Micro, Small and Medium Enterprises
4) Youth Affairs
5) Commerce and Industry

19. Which country has overtaken Canada to emerge as the fourth largest country to grow biotech
or genetically modified (GM) crops in 2013?
1) China
2) Thailand
3) Egypt
4) India
5) Bangladesh

20. Which of the following countries is the world's leading producer of the Genetically Modified crops?
1) USA
2) Brazil
3) Argentina
4) China
5) Paraguay

21. As per the Reserve Bank of India report titled "State Finances-A Study of Budgets of 2013-14", which State's development expenditure as percent of Gross State Domestic Product (GSDP)
was the highest in India?
1) Chhattisgarh
2) Bihar
3) Madhya Pradesh
4) Goa
5) Jharkhand

22. Which country has the highest number of people living with HIV/ AIDS?
1) Nigeria
2) South Africa
3) India
4) China
5) Kenya

23. GSAT-7 is India's first advanced and full-fledged military communications satellite. It is also
called?
1) Dhruv
2) Subhadra
3) Rukmini
4) Chitrangada
5) Indira

24. Which of the following Indian submarines met with a disaster on 2014 February 26 in which
two officers were killed?
1) INS Sindhurakshak
2) INS Sindhuvijay
3) INS Sindhughosh
4) INS Sindhuratna
5) INS Sindhukirti

25. Koraput has been adjudged as one of the best districts for the implementation of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in India. It is in?
1) Madhya Pradesh
2) Chhattisgarh
3) Jharkhand
4) West Bengal
5) Odisha

26. What is the name of India's subsonic intermediate jet trainer aircraft developed by the Hindustan Aeronautics Limited (HAL) for the Indian Air Force and the Indian Navy?
1) Lakshya
2) Akash
3) Sitara
4) Tejas
5) Astra

27. The National Centre for Space Studies (CNES) is the space agency of which of the following countries?
1) Israel
2) Japan
3) Portugal
4) France
5) Spain

28. Which of the following statements is not correct with regard to the Press Freedom Index?
1) The World Press Freedom Index is released every year by 'Reporters Without Borders' (RWB)
2) RWB was established in 1985
3) This year's index covers 180 countries
4) Netherlands topped the list
5) India is ranked 140th

29. Reporters Without Borders (RWB) or Reporters Sans Frontieres (RSF) is an international non-profit, non-governmental organization that promotes and defends freedom of the press. Its headquarters is in?
1) Lisbon, Portugal
2) Paris, France
3) London, UK
4) Madrid, Spain
5) Berne, Switzerland

30. David Johnston visited India recently. He is the Governor- General of which of the following
countries?
1) Australia
2) New Zealand
3) Canada
4) South Africa
5) Jamaica

ANSWERS:
1) 3; 2) 1; 3) 3; 4) 4; 5) 3; 6) 5; 7) 5; 8) 4; 9) 5; 10) 3;
11) 4; 12) 2; 13) 2; 14) 3; 15) 5; 16) 1; 17) 5; 18) 3; 19) 4; 20) 1;
21) 1; 22) 2; 23) 3; 24) 4; 25) 5; 26) 3; 27) 4; 28) 4; 29) 2; 30) 3;

Reserve Bank Of India Grade 'B' Officers Exam, December 2011 General Awareness Solved Paper

1. Some time we see a reference of "Least Developed Country" in the economic journals/papers etc. Which among the following is one of the parameters on the basis of which a country in economic parlance, is labelled "Least Developed"?
1) Frequent changes in monetary/fiscal policies
2) No change in the Government in last ten years as general elections did not take place
3) Low Per Capita Income of a specified level and instability in agricultural /industrial production
4) Huge losses due to natural disasters resulting in displacement of people in majority
5) Scarcity of trained/skilled manpower in the country

2. Which of the following statements about the Indian Economy in the last decade is not correct?
1) The economy of India is the fourth largest in the world with GDP of about 4 trillion US $ at Purchasing Power Parity (PPP)
2) Agriculture which was a major concern for the growth of the economy is now growing at an average of 7% per annum
3) A strong Balance of Payment (BOP) position in recent years has resulted in a comfortable stock of the foreign exchange reserves
4) India has emerged as a global leader in software and business process outsourcing
5) Indian economy has shown a remarkable average GDP growth of 6.8% during last ten years

3. Who among the following is very closely associated with the day-to-day functioning of the Reserve Bank of India?
1) Dr. Subir Gokarn
2) U.K.Sinha
3) Dr. Kaushik Basu
4) Mr. Narendra Jadhav
5) None of these

4. Census in India was conducted recently (2011). In the eyes of the economists and policy makers, India's demographics are very much favourable to growth. Which of the following statements is not in conformity with the traditional demographic characteristics of India and its relation with growth?
1) India is a young country with low dependency ratio
2) More and more Indian youth under the age of 30 are getting better health care and access to quality technical education
3) The so called middle class of India is happy as they have better housing and earning facilities
4) More employment opportunities and resultant financial freedom have made young women folk to pursue single life and delay marriage
5) Indian youth are now biggest consumers of luxurious goods, they spend discretionary income and enjoy the associated status

5. Some policy makers and thinkers are of the opinion that the notorious Satyam Scandal of 2009 has proved a blessing in disguise for India, as it intensified the call in the country for
1) Stronger police force
2) Faster legal proceedings and effective judiciary
3) Greater Accounting Transparency and Corporate Governance
4) Better employer-employee relationship and active participation of employees in managerial functions
5) All of these

6. Frequent changes in the cost of which of the following commodities at international levels, push inflation upwards?
1) Vegetables
2) Foodgrains
3) Petroleum Products
4) Milk
5) All of these

7. Indian Parliament in the year 2005 passed Special Economic Zones Bill which gave birth to hundreds of SEZs in the country. How do these SEZs help in the growth of the Indian Economy?
1) SEZs attract significant foreign direct investment from overseas and MNCs
2) SEZs give a far better price for land to the farmers and others who sell their land for the same
3) Production in SEZs is done for local consumption only and is supposed to tame inflation in the country
4) Banks in India are allowed to give loans to SEZs liberally as the interest rate on such loans is decided to be 5% higher than the normal interest rates
5) All of these

8. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as
1) GNI
2) GDP
3) Inflation
4) PPP
5) Wealth of a Nation

9. Which of the following is one of the indicators of Human Development Index (HDI)?
1) Life expectancy at birth
2) Total cost of the agricultural land with a family
3) Total area of the agricultural land with a family
4) Availability of perennial source of water for irrigation
5) Nature of employment, casual/permanent or semi-permanent

10. Which of the following is one of the measures of economic growth of a country?
1) Volume of Direct Investment made by foreign countries
2) Number of companies listed on the Stock-Exchanges
3) Gross domestic product of the Nation
4) Number of foreign nationals working in a country
5) All of these

11. What is the contribution of agricultural sector in total GDP of India? About
1) 10%
2) 24%
3) 38%
4) 40%
5) 60%

12. What is the contribution of Service Sector in total GDP of India?
1) 10%
2) 14%
3) 18%
4) 26%
5) None of these

13. In India, the National Income is measured on the basis of
1) Flow of goods only
2) Number of employed youth only
3) Volume of tax collected per annum
4) Earning of people working in PSUs and Govt. jobs
5) All of these

14. Which one of the following measures of Fiscal Reforms, has Govt. of India adopted?
1) Bringing down fiscal deficit to a particular level by an Act of Law
2) Fixing higher rate of growth
3) Allocation of more funds to job-oriented schemes
4) Allocation of more funds to provide education to children who are 6-14 years of age
5) None of these

15. 'Green House Gases' are responsible mainly for
1) Growth of livestock population
2) Volume of foreign trade
3) Quality of agro products in a country
4) Industrial Development of a nation
5) Global warming

16. Which of the following in India is implemented in all the districts of the country for providing 100 days employment to those willing to do manual jobs in rural areas?
1) Pradhan Mantri Gram Sadak Yojana
2) Bharat Nirman
3) Mahatma Gandhi National Rural Employment Guarantee Act
4) Swarn Jayanti Gram Swarojgar Yojana
5) All of these

17. Which of the following is a Social Development programme launched by the Govt. of India for school children?
1) Bharat Nirman
2) ASHA
3) Kutir Jyoti
4) Mid-Day Meal Scheme
5) Aadhar Yojana

18. Which of the following economic concept is categorised on the basis of Current Account or Capital Account or both?
1) Balance of payment
2) Value of the foodgrain stock of a country
3) Gross National Product (GNP)
4) Gross National Income (GNI)
5) Total collection of Direct Taxes in a year

19. Which of the following Acts is/was introduced for the purpose of sustainable growth?
1) Water (Prevention and Control of Pollution) Act
2) Narcotics and Psychotropic Substance Act
3) Foreign Exchange Management Act
4) Banking Regulation Act
5) Prevention of Money Laundering Act

20. 'IAEA' is an organisation which functions in the area of
1) Prevention of Money Laundering
2) Control of Foreign Direct Investment
3) Nuclear Energy
4) World Trade
5) Promoting International understanding among the nations

21. As reported in newspapers, China has raised objection on India's presence in South China Sea alongwith Vietnam. Both the nations are engaged in which of the following activities in the sea?
1) Fishing
2) Exploring minerals
3) Exploring oil fields
4) Disposal of electronic waste
5) Disposal of nuclear waste

22. Which of the following is the purpose of introducing 'Know Your Customer' norms by the banks?
1) To bring more and more people under the banking net
2) Identifying people who do not pay Income Tax
3) To ensure that the money deposited in banks has come from genuine sources
4) To ensure whether the money deposited in the bank is of an Indian or a foreign national
5) None of these

23. Which of the following organisations is established mainly to promote Micro, Small & Medium industrial sector in India?
1) NABARD
2) SIDBI
3) IDBI Bank
4) EXIM Bank
5) All of these

24. As reported in newspapers, the Market Borrowings of the Union Govt. have gone up in 2011-12 (up to September 2011). What is the main reason for the same?
1) Fixing very high target of growth
2) Lower than budgeted collection of the revenue
3) Lower than expected flow of foreign investment
4) RBI's reluctance in giving fresh loans to the Govt. of India for developmental projects
5) Consistent revision in the limit of the Ways and Means Advances given to the Govt. of India by the RBI

25. "Core Industries Witness lower growth in last few months"__ was the news in some major newspapers recently. This means the performance of which of the following is not taken into accounts for the same?
1) Steel
2) Cement
3) Coal
4) Gem & Jewellery
5) Crude oil

26. "Centre brings the curtain down on DEPB scheme"___ was the news recently. What is the full form of the term DEPB?
1) Developmental Enterprises Promotion Board
2) Duty Entitlement Pass Book
3) Duty Enforcement & Promotion Board
4) Development, Export & Procurement Bureau
5) Deportation and Enforced Prevention Bureau

27. India recently entered into an agreement to purchase LNG from some East Asian
Nations. This is the part of India's initiative in the direction of
1) Look East policy
2) Switch over to LNG
3) Business with Most Favourated Nations only
4) Convention on Supplemental Compensation (CSC)
5) New Business : New Partners Scheme

28. As per recent reports the Coal Ministry of India has allocated certain coal blocks
to four NTPC Thermal Power Plants in four states. Which of the following states
is not among these four states?
1) Uttar Pradesh
2) Karnataka
3) Odisha
4) Madhya Pradesh
5) Gujarat

29. The Meet of the Finance Chiefs of G-7 countries was held in September 2011 in
1) London
2) Tokyo
3) Paris
4) Marseille
5) Vienna

30. Which of the following organisations has given a warning to the nations of the world that there may be increased risk to global financial stability in the world?
1) World Bank
2) World Trade Organisation
3) Asian Development Bank
4) International Monetary Fund
5) United Nations Organisation

31. Which of the following is considered Non Tax Revenue of the Govt. of India as projected in the Union Budget?
1) Income Tax
2) Customs Duty
3) Service Tax
4) Corporate Tax
5) Dividends & Profits

32. What does the letter 'M' denote in the abbreviated term 'MRTP', an act which was applicable in India till recently?
1) Money
2) Moral
3) Minimum
4) Monopolies
5) Market

33. Which of the following is a popular women's Empowerment Programme in India?
1) ASHA
2) Swabhiman
3) Mid-Day Meal Scheme
4) Bharat Nirman
5) Self Help Group

34. We know that the Industrial Sector plays an important role in the development of India. Which sectror does not come under Industrial Sector?
1) Mining
2) Manufacturing
3) Banking
4) Utilities
5) Construction

35. Who among the following is one of the Deputy Governors of the RBI?
1) U.K.Sinha
2) Ranjan Mathai
3) Dr. Subir Gokarn
4) Dr. M.S. Ahluwalia
5) None of these
36. What does the term 'AAY' denote which is the short form of a Social Scheme launched by the Govt of India?
1) Anthyodaya Awas Yojana
2) Asian Awas Yojana
3) Anthyodaya Anna Yojana
4) Area Anthyodaya Yojana
5) None of these

37. Which of the following organisations of women in India will be arisen out of the confluence of three movements - labour movement cooperative movement and women's movement based on Gandhian Philosophy?
1) TISCO
2) SHG
3) AMUL
4) SEWA
5) Gramin Bank

38. The Second Green Revolution being planned in India will be launched basically in Eastern/North Eastern states and will be based on production of
1) Sugarcane
2) Jute
3) Bamboo
4) Vegetables
5) Paddy

39. Which of the following factors has now put a check on Migration of Agricultural Labourers from one place to another in India?
1) Lack of irrigation facilities
2) Low productivity of land
3) Single crop cultivation
4) Higher wages and availability of employment
5) Launch of MGNREGA and availability of employment opportunities locally

40. Which of the following Acts helps a bank in its day-to-day activities?
1) Competition Act
2) Negotiable Instruments Act
3) Hindu Marriage Act
4) Hindu Succession Act
5) NRI Act

41. Lack of access to financial services is technically known as
1) Financial instability
2) Financial inclusion
3) Financial stability
4) Financial exclusion
5) Poverty

42. Which of the following is not one of the major functions of the National Bank for Agricultural and Rural Development (NABARD)?
1) Acting as a regulator for cooperative banks and RRBs
2) Extending assistance to the government and others in matters relating to rural development
3) Providing refinance to lending institutions in rural areas
4) Acting as a coordinator in the operations of rural credit institutions
5) Review of monetary & credit policy

43. As we all know Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called
1) Statutory Liquidity Ratio
2) Cash Reserve Ratio
3) Bank Deposit
4) Reverse Repo
5) Government Securities

44. Banks in their daily business face various kinds of risks. Which of the following is one such major risk?
1) Customer risk
2) Reputation
3) Goodwill risk
4) Protection risk
5) Operational risk

45. Which of the following schemes was launched by the RBI in 2004 under which Govt. of India dated Securities/Treasury Bills could be issued to absorb surplus/ durable liquidity?
1) RTGS
2) External Commercial Borrowing
3) Market Stabilisation Scheme
4) High Value Clearing Scheme
5) Pre-paid Payment Instrument Facility

46. How much amount (in Rs. Crores) was allocated for raising credit to the farmers in the Union Budget 2011-12?
1) Rs. 4,75,000
2) Rs. 5,75,000
3) Rs. 6,75,000
4) Rs. 7,75,000
5) None of these

47. What does the letter 'M' denote in the name 'MFI' as used in financial sector?
1) Mini
2) Monetary
3) Micro
4) Mega
5) Multiple

48. The Govt. of India has created a women's Self Help Group Development fund so that it can reduce their interest burden. What is the size of the fund?
1) Rs. 100 crore
2) Rs. 200 crore
3) Rs. 250 crore
4) Rs. 400 crore
5) Rs. 500 crore

49. Which of the following is not a programme launched by the Govt. of India?
1) Sarva Shiksha Abhiyan
2) Rashtriya Krishi Vikas Yojana
3) Accelerated Irrigation Benefit Programme
4) National Rural Livelihood Mission
5) Jeevan Anand Yojana

50. Which of the following schemes is launched to provide prenatal and postnatal care to mother and child?
1) National Mission for Protein Supplements
2) Initiative on Vegetable Clusters
3) Promotion of Nutri Cereals
4) Jan Mitra Yojana
5) Janani Suraksha Yojana

51. Which of the following statements is TRUE about International Monetary Fund (IMF)?
1) IMF provides ways and means funds to member countries
2) IMF is an agency of the World Bank and is situated in Prague
3) IMF makes all the rules and regulations in relation to the world trade between the nations
4) On becoming member of the IMF, countries get finance as temporary balance of payment needs
5) IMF is an organisation floated by the members of NATO and caters to the need of those countries only

52. The bank rate is
1) Free to fluctuate according to the forces of demand and supply
2) Set by the RBI
3) Set by the RBI as directed by the Union Ministry of Finance
4) Set by RBI as advised by the Indian Banks Association
5) Set by Government of India on the recommendation of the Planning Commission

53. Which of the following terms is used in the field of Banking & Finance?
1) Special Drawing Rights
2) Affirmative Defence
3) Civil Procedure
4) Informed Consent
5) Question of Fact

54. Which of the following is one of the Millennium Development Goals fixed by the United Nations Organisation (UNO)?
1) Develop a global partnership for development
2) Develop new varieties of food grains which can ensure bumper crops
3) To ensure that population does not increase in least developed countries at an alarming rate
4) Develop measures to avert deadly Hurricanes/ Tsunamies etc., in an effective way
5) Ensure that a Global Economy is developed where all nations can participate according to their strengths

55. Which of the following countries recently got a new bailout package with the help of the Private Sector?
1) Germany
2) France
3) USA
4) Greece
5) Russia

56. By which of the following months Goods and Services Tax (GST) is to be implemented in India?
1) April 2015
2) April 2014
3) April 2013
4) April 2012
5) June 2012

57. India recently completed negotiations with 16 countries for entering into a 'TIEA'. TIEA denotes which of the following?
1) Tax India Exchange Account
2) Tax Information Exchange Agreement
3) Total Information Exchange Accord
4) Terminal Issue & Exchange Agreement
5) Tax Issues & Export Agreements

58. Famous Sardar Sarovar Dam is built across which of the following rivers?
1) Ganga
2) Tapti
3) Krishna
4) Narmada
5) Sutlej

59. Which of the following is not a Credit Rating Agency?
1) Credit Analysis & Research Ltd (CARE)
2) Lintas India Pvt. Ltd.
3) Moody's Investors Service
4) Standard & Poor's
5) Fitch Ratings

60. Who among the following is the President (Chief) of the World Bank at present?
1) Peter Thomson
2) Goran Hadzic
3) Robert B. Zoellick
4) Alan Greenspan
5) Z. Zang

61. Which of the following issues was/is an issue in World Trade Organisation on which India and few other countries were having all toghter different views than the developed countries?
1) Subsidies and Government procurement policy
2) G M varieties of certain crops
3) Making Yuan as major trade currency
4) Special treatment to NATO countries
5) All of these

62. Who among the following is the Head of the National Manufacturing Competitiveness Council, reconstituted recently?
1) Isher Ahluwalia
2) Dr. Kaushik Basu
3) V. Krishnamurthy
4) G. M. Rao
5) None of these

63. Which of the following Nations is a member of G-8?
1) New Zealand
2) Libya
3) China
4) South Sudan
5) Canada

64. Dr. Manmohan Singh recently addressed UN General Assembly. Which of the following was the major issue which he emphasised in his speech?
1) Usefulness of multilateral lending agencies like IMF and World Bank in the present context
2) WTO's efforts to introduce more and more GM crops in the market
3) Democratic rights in gulf countries
4) Mechanism to control oil prices in the world
5) Need of strong Indo China relations

65. Which of the following is called "Robinhood Tax" and was in news during recent Summit of G-20 nations?
1) Excise Duty
2) VAT
3) Goods & Services Tax
4) Tobin Tax
5) None of these
66. The Approach Paper of 12th Five-Year Plan got approval of the Union Cabinet recently. Which of the following is added for the first time in Approach Paper?
1) Growth Rate and mechanism to achieve it
2) Corruption, Transparency and Governance
3) Strengthening of Agriculture Sector
4) Periodical Review of Monetary Policy by the Govt. and not by RBI
5) All of these

67. A huge reserve of gas was explored recently in Northern Rashidpur Gas Fields of
1) Bhutan
2) Bangladesh
3) Sri Lanka
4) Pakistan
5) Afghanistan

68. Which of the following agencies recently conducted a Pollution Survey of various cities across the world and found out that cities in India, Iran, Pakistan and Mongolia are the most polluted cities in the world?
1) World Bank
2) International Monetary Fund
3) Asian Development Bank
4) World Trade Organisation
5) UNESCO

69. The Central Banks of five developed countries recently came together and decided to provide unlimited dollar loans to banks in their areas. What was the purpose of the same?
1) To prevent China from becoming a bigger lender than the world Bank
2) Ease growing tensions in the Euro zone's financial sector
3) To reinstate USA's credit rating at AAA level from the downgraded AA+ level
4) To create an emergency pool of dollars to provide instants help to any country in case of need
5) None of these

70. Which of the following is a payment and settlement system used by the banks in India?
1) Liquidity Adjustment Facility
2) Real Time Gross Settlement
3) Forward Rate Agreements
4) Central Depository Service
5) Negotiated Dealing System

71. 'Federal Reserve' is the Central Bank of which of the following countries?
1) Russia
2) Britain
3) Canada
4) Australia
5) USA

72. The Y.H. Malegam committee which submitted its report a few months back was set up to report on further improvement of functioning of
1) Micro Finance Institutions
2) Stock Exchanges in India
3) Cooperative Banks
4) Regional Rural Banks
5) Foreign Banks having offices in India

73. The Comptroller and Auditor General (CAG) of India recently got appointed as External Auditor of which of the following organisations/agencies?
1) World Bank
2) Bank of America
3) UNESCO
4) IAEA & WIPO
5) International Monetary Fund (IMF)

74. 'Special Drawing Rights' are the rights of countries provided by
1) World Bank
2) IMF
3) ADB
4) Federal Reserves
5) None of these

75. Indian citizens are allowed to invest overseas freely except in
1) Sri Lanka
2) UK
3) Bangladesh
4) Nepal
5) Pakistan

76. Who among the following represented India in the first South Asia Forum meeting held in September 2011?
1) Dr. Manmohan Singh
2) Pranab Mukherjee
3) Kamal Nath
4) Anand Sharma
5) Sonia Gandhi

77. Which of the following schemes is launched by the Govt. of India to make Indian cities free from hutments and slums?
1) Indira Awas Yojana
2) Rajiv Awas Yojana
3) Rashtriya Gram Swaraj Yojana
4) Central Rural Sanitation Programme
5) None of these

78. Which of the following is the largest producer of chemical fertilisers in the world?
1) India
2) USA
3) Mexico
4) Russia
5) China

79. Which of the following is the abbreviated name of the programme launched by the Govt. of India for developing desert areas?
1) DRDA
2) CAPART
3) DDP
4) IRDP
5) DWCRA

80. Who among the following are the two economists who got Nobel Prize in 2011 for their contribution in Economics?
1) Thomas J. Sargent & Christopher A. Sims
2) Peter A. Diamond & Thomas J. Sargent
3) Christopher A. Sims & Dale T. Mortensen
4) Olliver O. Willamson & Amartya Kumar Sen
5) None of these

ANSWERS:
1-3, 2-5, 3-1, 4-1, 5-3, 6-3, 7-1, 8-2, 9-1, 10-3,
11-1, 12-5, 13-5, 14-1, 15-5, 16-3, 17-4, 18-1, 19-1, 20-3,
21-3, 22-3, 23-2, 24-2, 25-4, 26-2, 27-1, 28-5, 29-4, 30-2,
31-5, 32-4, 33-1, 34-4, 35-3, 36-3, 37-4, 38-5, 39-5, 40-2,
41-4, 42-5, 43-1, 44-5, 45-3, 46-1, 47-3, 48-5, 49-5, 50-5,
51-4, 52-2, 53-1, 54-1, 55-4, 56-4, 57-2, 58-4, 59-2, 60-3,
61-1, 62-3, 63-5, 64-3, 65-4, 66-2, 67-2, 68-?, 69-2, 70-2,
71-5, 72-1, 73-4, 74-2, 75-5, 76-?, 77-2, 78-5, 79-3, 80-1.

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. Who took over as the Chairman, Chief of Staffs Committee (CoSC) on 2014 July 30?
1) Arup Raha
2) R.K. Dhowan
3) D.K. Joshi
4) Bikram Singh
5) None of these

2. The Citizens Foundation is one of the six winners of the Ramon Magsaysay Awards for the year 2014. It is a non-profit organization in ___
1) China
2) Pakistan
3) Indonesia
4) Philippines
5) Singapore

3. Who won the 101st edition of the Tour de France cycling championship on 2014 July 27?
1) Jean-Christophe Peraud
2) Chris Froome
3) Vincenzo Nibali
4) Alberto Contador
5) Mark Cavendish

4. The most successful all rounder of modern day Cricket Jacques Kallis has announced his retirement from all formats of international Cricket. He played for which of the following countries?
1) Australia
2) West Indies
3) New Zealand
4) South Africa
5) England

5. Who assumed office as the 7th President of Iraq on 2014 July 24?
1) Ayad al- Samarrai
2) Usama al- Nujayfi
3) Kosrat Rasul Ali
4) Barham Salih
5) Fouad Massoum

6. Who was appointed as Maharashtra's horticulture ambassador in July 2014?
1) Aamir Khan
2) Shah Rukh Khan
3) Madhuri Dixit
4) Amitabh Bachchan
5) Sachin Tendulkar

7. 'The Lives of Others' has been long listed for the prestigious Man Booker Prize 2014. It is a novel written by:
1) AmitavGhosh
2) Cyrus Mistry
3) Neel Mukherjee
4) Jeet Thayil
5) Rahul Bhattacharya

8. Who took over as the new Army Chief on 2014 July 31?
1) Philip Campose
2) Dalbir Singh Suhag
3) V.K. Singh
4) N.A.K. Browne
5) None of these

9. World Hepatitis Day is observed every year on which of the following days?
1) August 1
2) August 2
3) July 28
4) July 30
5) July 31

10. India has over 40 million Hepatitis B infected patients, second only to?
1) China
2) Pakistan
3) USA
4) Nigeria
5) Algeria

11. Which of the following financial institutions announced installing of 3,000 ATMs and 1.35 lakh micro- ATMs by September 2015?
1) Reliance Capital
2) Bajaj Finance
3) Sriram Capital
4) India Post
5) LIC Hosing Finance

12. Google India marked Sarojini Naidu's 135th birthday with a doodle on which of the following days of 2014?
1) February 13
2) February 12
3) February 14
4) February 15
5) February 17

13. Nobel Laureate Baruch Samuel Blumberg's birthday is observed as?
1) World Health Day
2) World AIDS Day
3) World Tuberculosis Day
4) World Malaria Day
5) World Hepatitis Day

14. Which of the following committees suggested financial sector reforms in India?
1) Chellaiah Committee
2) S.S. Tarapore Committee
3) Bhagwati Committee
4) Narsimham Committee
5) None of these

15. Liberalization, Privatization and Globalization are the aims of?
1) Land Reforms
2) Economic Planning
3) Economic Reforms
4) Socialism
5) None of these

16. Nhava Sheva is the largest container port in India. It is situated in which of the following States?
1) Andhra Pradesh
2) Odisha
3) Maharashtra
4) Karnataka
5) Gujarat

17. Nhava Sheva port is also known as?
1) Jawaharlal Nehru port
2) Indira Gandhi port
3) Rajiv Gandhi port
4) Mahatma Gandhi port
5) None of these

18. Which of the following is not correct?
1) MSP-Minimum Support Price
2) NGT - National Green Tribunal
3) PIL - Public Introduced Litigation
4) BSF - Border Security Force
5) CNG - Compressed Natural Gas

19. Which of the following deals with extinct organisms?
1) Archaeology
2) Palynology
3) Phylogeny
4) Paleontology
5) Philology

20. 'CEPI' stands for?
1) Council of Environmental Pollution of India
2) Comprehensive Environmental Pollution Index
3) Centre for Environmental Pollution in India
4) Centre for Environmental Pollution and Industries
5) None of these

21. The Union Public Service Commission submits its annual report to the?
1) Prime Minister
2) President
3) Vice President
4) Speaker of the Lok Sabha
5) Home Minister

22. Which of the following countries is not a member of SAARC?
1) Pakistan
2) Cambodia
3) Nepal
4) Bhutan
5) Maldives

23. The Central Rice Research Institute is located in?
1) Jhansi
2) Meerut
3) Cuttack
4) Bhopal
5) Rajahmundry

24. AGMARK, which is employed on agricultural products in India, is related to?
1) Processing
2) Quality
3) Packaging
4) Both 1 and 2
5) All 1, 2 and 3

25. The National Centre for Agricultural Economics and Policy Research is located in?
1) Hyderabad
2) Mumbai
3) Bhopal
4) Kolkata
5) New Delhi

26. The apparatus used for detecting lies is known as?
1) Pyrometer
2) Seismograph
3) Polygraph
4) Gyroscope
5) Periscope

27. The Directorate of Plant Protection, Quarantine and Storage is located in?
1) Hyderabad
2) Ahmadabad
3) Bangalore
4) Faridabad
5) Karnal

28. Which of the following is measured by the sling Psychrometer?
1) Pressure
2) Humidity
3) Temperature
4) Wind velocity
5) Wind direction

29. Which of the following crops requires water logging for its cultivation?
1) Cotton
2) Tea
3) Coffee
4) Mustard
5) Paddy

30. The International Rice Research Institute is located in which of the following countries?
1) India
2) Mexico
3) China
4) Philippines
5) Japan

31. The rate of interest at which the Reserve Bank of India lends short term funds to the commercial banks is called?
1) Repo rate
2) Reverse repo rate
3) Baserate
4) Prime lending rate
5) Marginal standing facility

32. Which of the following countries does not belong to the Balkan Peninsula?
1) Kosovo
2) Macedonia
3) Montenegro
4) Bosnia and Herzegovina
5) Ukraine

33. Kunchikal waterfall is located in which of the following States?
1) Kerala
2) Tamil Nadu
3) Karnataka
4) Goa
5) Maharashtra

34. Pench National Park is situated in which of the following States?
1) Uttar Pradesh
2) Jharkhand
3) Uttarakhand
4) Madhya Pradesh
5) Odisha

35. Which of the following terms is not used in the field of banking/ finance?
1) Hedge
2) Premium bonds
3) Commercial paper
4) Blue chip companies
5) Wobbe index

36. Identify the mismatched pair?
1) Hiroshima Day - August 6
2) World Human Rights Day - December 10
3) World Forestry Day-March21
4) International Day of Happiness - March 20
5) Nagasaki Day - August 8

37. The 2014 Lok Sabha elections were held in how many phases?
1) Seven
2) Eight
3) Nine
4) Ten
5) Six

38. Which of the following is the mascot for the 17th Asian Games to be played in September 2014?
1) Seal
2) Bear
3) Dolphin
4) Hare
5) Elephant

39. Who is the author of the book "Footlights" which was published in February 2014?
1) Khushwant Singh
2) Charlie Chaplin
3) Princess Diana
4) Ronald Reagan
5) Gabriel Garcia Marquez

40. A team of 34 foreign scientists have spotted the footprints of dinosaurs at Thaitat village in which of the following districts of Rajasthan in January 2014?
1) Kota
2) Karauli
3) Sikar
4) Jaisalmer
5) Udaipur

ANSWERS:
1) 1; 2) 2; 3) 3; 4) 4; 5) 5; 6) 4; 7) 3; 8) 2; 9) 3; 10) 1;
11) 4; 12) 1; 13) 5; 14) 4; 15) 3; 16) 3; 17) 1; 18) 3; 19) 4; 20) 2;
21) 2; 22) 2; 23) 3; 24) 2; 25) 5; 26) 3; 27) 4; 28) 2; 29) 5; 30) 4;
31) 1; 32) 5; 33) 3; 34) 4; 35) 5; 36) 5; 37) 3; 38) 1: 39) 2; 40) 4.

BANKING AWARENESS PRACTICE MCQs FOR SBI SPECIAL MANAGEMENT EXECUTIVES EXAM

1. Concept of "Service Area Approach" is now applicable only for:
a) Crop Loans
b) SHGs
c) Government Sponsored Schemes
d) NABARD refinance schemes
e) None of these

2. The rate at which banks can barrow from the central bank at an elevated rate against govt. securities during the time of tight cash is termed as ___
a) bank rate
b) base rate
c) marginal standing facility
d) repo rate
e) reserve repo rate

3. External Commercial Borrowings (ECBs) are part of?
a) Current Account
b) Capital Account
c) Balance of Payment
d) Either a or b
e) None of these

4. Which of the following term is used in the field of banking and finance?
a) Refurbished
b) Collateral
c) Corridor
d) Quintessential
e) None of these

5. The central Government has taken some significant steps to revitalize RRBs. One of the following is not such a step?
a) Made SARFAESI Act applicable to RRBs
b) Emitted RRBs for Branch Expansions
c) RRBs can undertake Insurance Business
d) Permitted RRBs to accept NRI Deposits
e) None of these

6. Government of India re-appointed Shri Harun Rashid Khan as the Deputy Governor of the Reserve Bank of India, for a further period of:
a) One year with effect from 4 July 2014 or until further orders
b) Three years with effect from 4 July 2014 or until further orders
c) Six months with effect from 4 July 2014 or until further orders
d) Two years with effect from 4 July 2014 or until further orders
e) None of these

7. KYC guidelines are framed on the basis of four core components. Which of the following is
not a core component?
a) Customer Acceptance Procedure
b) Monitoring of Transactions
c) Customer Identification procedure
d) Risk Management
e) Management of Operational Risk

8. Whose approval is required for appointment of a foreign exchange dealer by a bank?
a) RBI
b) IBA
c) The Ministry of finance
d) Discretion of the bank
e) None of the above

9. The Currency of LAOS is?
a) Rigo
b) Krona
c) Kip
d) Kyat
e) None of these

10. Bharathiya Mahila Bank first branch in Madhya Pradesh was inaugurated in Indore by the Additional Secretary Finance, Government of India. Identify him/her.
a) B P Joshi
b) Anitha Subramanyan
c) Snehlata Srivastava
d) Shikha Singh
e) None of these

11. Which one of the following is not an authorized means of banking transactions for the people in India?
a) Mobile
b) Online
c) Phone
d) Visiting Individually
e) Video Conferencing

12. What is the limit for foreign direct investment (FDI) for investment in the equity of private banks in India?
a) 25 percent
b) 49 percent
c) 51 percent
d) 74 percent
e) None of these

13. As per the RBI norms, bank's direct exposure to the capital market should not exceed ____
of the net worth of the bank.
a) 10 percent
b) 20 percent
c) 30 percent
d) 40 percent
e) None of these

14. Capitalization of Reserves is carried out by issue of _____ to the existing shareholders
a) additional shares
b) bonus shares
c) incentives
d) Both a and c
e) None of these

15. Which of the following measures is/ are being taken to ensure Financial Inclusion in India?
a) Initiation no - frills account
b) Providing banking service at doorstep through business correspondents
c) Electronic Benefits Transfer (EBT)
d) All of the above
e) None of the above

16. Which of the following in NOT a regularity authority in India?
a) SEBI
b) IRDA
c) SIDBI
d) RBI
e) None of these

17. The headquarters of the National Bank for Agriculture and Rural Development (NABARD) is
located in ____
a) Delhi
b) Mumbai
c) Ahmadabad
d) Hyderabad
e) None of these

18. Which of the following is a banking related term?
a) Creditor (Lender)
b) Base Rate (will be fixed by banks)
c) Cash credit (a running loan account sanctioned to a borrower
d) Dishonor (Cheque bouncing for any reason)
e) All of the above

19. When a bank finances international business, it is called ____
a) Retail banking
b) Core banking
c) Trade finance
d) Micro finance
e) None of these

20. Banks provide which of the following products to make instant loan facility available to the farmers?
a) Kisan Credit Card
b) Crop Loan Scheme
c) Krishi Bima Yojana
d) All of the above
e) None of the above

21. The Act enacted to help the government in managing its budgeted finance and fiscal deficit is called ____
a) Banking Regulation Act
b) Negotiable Instrument Act
c) Fiscal Responsibility and Budget Management Act
d) Foreign Exchange Management Act
e) Competition Act

22. Government and the RBI are making all efforts to extend banking facilities to all the villages in the country through which of the following programmes?
a) PURA
b) Pradhan Mantri Swaojgar Yojna
c) Pradhan Mantri Aadarsh Gram Yojna
d) Financial Inclusion
e) None of these

23. NAV (Net Asset Value) is a term generally associated with ____
a) Banks
b) Mutual Funds
c) Credit Societies
d) Merchant Bankers
e) None of these

24. Which of the following is not a private bank functioning in India?
a) HDFC Bank
b) ICICI Bank
c) Yes Bank
d) IDBI Bank
e) None of these

25. Authorized Dealers for foreign transactions are appointed by:
a) Reserve Bank of India
b) Government of India
c) Individual Banks
d) FEDAI
e) None of these

26. What is/are the reason(s) for some banks for opening their subsidiaries?
1. Home loan business
2. To sell insurance policies
3. To control online operation or Internet banking business
Choose the correct answer.
a) Only (1)
b) Only (2)
c) Only (3)
d) All of the above
e) None of the above

27. Which of the following organisations maintains the Rural Infrastructure Development Fund (RIDF) in India?
a) RBI
b) NABARD
c) SIDBI
d) LIC
e) None of these

28. Off shore Banking Unit is a ___
a) unit which is situated in Foreign Country
b) unit which is situated in Special Economic Zone and deals in foreign currency only
c) unit which is actively participating in lending foreign currency loans and in joint ventures
d) All of the above
e) None of the above

29. Teaser Rates are related to which
of the following types of loans?
a) Home loans
b) Personal loans
c) Auto loans
d) Reserve mortgage loans
e) Crop loans

30. Remittance under the Guarantee Bond Scheme can be accepted from:
a) Only Associated Banks
b) Only Nationalized Banks
c) Only Foreign Banks
d) All Scheduled Banks and Cooperative Banks
e) None of the above

ANSWERS:
1) c 2) c 3) b 4) c 5) c 6) d 7) e 8) a 9) c 10) c
11) e 12) d 13) b 14) b 15) d 16) c 17) b 18) e 19) c 20) a
21) c 22) d 23) b 24) d 25) a 26) d 27) b 28) b 29) a 30) d

GENERAL AWARENESS PRACTICE MCQs FOR SBI SPECIAL MANAGEMENT EXECUTIVES EXAM

1. Deposit Insurance and Credit Guarantee Corporation Act was passed in....
1) 1985
2) 1991
3) 2001
4) 1961
5) 2002

2. To provide insurance of deposits and guaranteeing of credit facilities, Deposit Insurance and Credit Guarantee Corporation (DICGC) was established. It’s headquarters is at......
1) Hyderabad
2) Kolkata
3) Pune
4) Bangalore
5) Mumbai

3. Authorised capital of DICGC is Rs.50 crore, which is fully issued and subscribed by ....
1) RBI
2) SBI
3) LIC
4) State government of Maharashtra
5) NABARD

4. The bank covered by the Deposit Insurance Scheme of DICGC is .....
1) Public sector banks
2) Private Sector banks
3) Foreign banks
4) Co-operative banks as defined in Section 2(gg) of the DICGC Act
5) All of the above

5. Insurance cover of Deposit Insurance and Credit Guarantee Corporation limited to.....
1) Rs.1,000
2) Rs.5,000
3) Rs.50,000
4) Rs.1,00,000
5) None

6. The deposits covered under the DICGC Act.....
1) Savings Account
2) Current Account
3) Fixed Deposit
4) Recurring Deposit
5) All of the above

7. The deposits not covered under DICGC Act is.....
1) Deposits of Central/ State governments
2) Inter-bank deposits
3) Any amount due on account of and deposit received outside India
4) Deposits of foreign governments
5) All of the above

8. Premium to be paid for insurance of bank deposits under Deposit Insurance and Credit Guarantee Corporation currently......
1) Deposits in rupees rounded to thousands X 0.05 / 100
2) Deposits in rupees rounded to thousands X 1.00 / 100
3) Deposits in rupees rounded to thousands X 0.50 / 100
4) Deposits in rupees rounded to thousandsX 02.00/ 100
5) None

9. Under DICGC Act, the insured bank is required to remit premium not later than the last day of May and each year.....
1) November
2) December
3) October
4) July
5) None

10. The concept of insuring deposits kept with banks received attention for the first time in the year 1948 after the banking crises in....
1) Karnataka
2) AP
3) Delhi
4) Ahmedabad
5) Bengal

11. Which committee supported the insuring of banking deposits in 1950?
1) Hilton-Young commission
2) C.Ranga Rajan Committee
3) Rural Banking Enquiry Committee
4) V.K.Rao committee
5) None

12. The present Chairman of DICGC  ....
1) H.R. Khan
2) R. Gandhi
3) Dr. Nachiket M. Mor
4) K.C. Chakravarthy
5) Urjith Patel

13. Insurance covered under the DICGC....
1) only principle amount deposit
2) only interest accrued on principle
3) principle and interest accrued for the first three months on principle
4) both principle and interest
5) interest accrued first year only

14. Who pay the insurance premium to cover the Rs.1 lakh bank deposits?
1) Customer
2) Guardian of the customer
3) Bank
4) Nominee of the customer
5) None

15. To which bank Arun Jaitley allocated a sum of Rs.200 crores to NABARD for setting up of mega food parks on 18 July 2014?
1) SBI
2) RBI
3) SIDBI
4) Yes Bank
5) NABARD

16. YES Bank, which international money transfer company launched an online money transfer service with instant deposits to NRI customer accounts with any bank in India....
1) Rupay
2) Instant Pay
3) Voltaire
4) Pay tell
5) Transfast

17. Which of the following option is correct?
1) RBI kicked off a pilot project on 10 June 2014 that will allow a few mobile payment providers to test cash withdrawal facilities for a small portion of their semiclosed mobile wallet users.
2) In it sender and beneficiary's wallet will be seeded with Aadhaar number.
3) When the money transfer happens, the receiver, who does not have a bank account, can walk to a mRUPEE outlet and receive the cash after authenticating his identity with the biometric (finger print scanning).
4) Tata Teleservices' mobile wallet paymentbased service mRUPEE is one of the eight participants in the RBI pilot project.
5) All of the above

18. By mid June 2014, Bank credit grew at ........ percent year-on-year to Rs.60,90,030
crore.
1) 18.25
2) 13.88
3) 11.25
4) 19.25
5) 21.25

19. The RBI granted banking licences to IDFC and microfinance institution Bandhan Micro Finance Institute. The in-principle approval granted will be valid for a period of ...... completely with the requirements.
1) 6 months
2) 9 months
3) 12 months
4) 15 months
5) 18 months

20. The debit card can be used for....
1) Make Point of Sale (POS) purchase
2) Withdraw cash at ATM
3) Online shopping
4) 1 & 3 only
5) All of the above

21. The Government of India has authorized the Reserve Bank of India (RBI) to issue debt instruments up to a ceiling of ...... under the Market Stabilization Scheme (MSS) for the fiscal 2014-15.
1) Rs.20,000 crore
2) Rs.30,000 crore
3) Rs.40,000 crore
4) Rs.70,000 crore
5) Rs.50,000 crore

22. On 16 July 2014, which company has emerged as the country's top Non- Performing Asset (NPA) after it has failed to repay loans of over Rs.4,000 crore borrowed mainly from state-owned banks?
1) India Cement
2) Morgan Stanley
3) Videocon
4) Jet Airlines
5) Kingfisher

23. On 15 June 2014, the central government said only five States had fully implemented the National Food Security Act, 2013. They are Chhattisgarh, Haryana, Maharashtra, Rajasthan and ......
1) AP
2) West Bengal
3) Tamilnadu
4) Kerala
5) Punjab

24. Which nation has third highest number of HIV - infected people as the report given on 17 July 2014 UNAIDS, the United Nations programme on HIV / AIDS?
1) South Africa
2) Nigeria
3) India
4) USA
5) None

25. Union Minister of State for Youth Affairs and Sports said on 25 July 2014 that the government till now released Rs.144 crore to Assam for updating the National Register of Citizens (NRC) following a Supreme Court directive in 2006. The minister name is....
1) Sarbananda Sonowal
2) Uma Bharathi
3) V.K.Singh
4) Nirmala Sitharaman
5) None

26. ....... became the first Indian company to exceed Rs.5 lakh crore in market capitalization
on 23 July 2014.
1) Infosys
2) TCS
3) Tech Mahindra
4) Sincom
5) None

27. Union Government constituted a core group to work out a detailed action plan to eradicate the dreaded vector-borne disease, Kala Azar by .....
1) 2015
2) 2020
3) 2019
4) 2018
5) None

28. Inter-island air service operation in Andaman and Nicobar connecting Port Blair and Car Nicobar. What is the capital of Andaman-Nicobar islands?
1) Kavaratti
2) Itanagar
3) Gangtok
4) Port Blair
5) None

29. ......... appointed as the Governor of Haryana on 25 July 2014.
1) K.S. Solanki
2) Balram Das Tandon
3) Keshari Nath Tripathi
4) E.L. Narasimhan
5) None

30. Kargil Vijay Diwas celebrated on....
1) 26 July
2) 26 June
3) 26 May
4) 26 April
5) None

31. Who has been appointed as the Chairman of International Cricket Council (ICC) on 26 June 2014?
1) Sunil Gavaskar
2) David Boon
3) N. Srinivasan
4) Jeff Boycott
5) None

32. President of International Cricket Council (ICC).....
1) Mustafa Kamal
2) David Boon
3) Sanath Jayasurya
4) Anil Kumble
5) None

33. 'Great Sport Great Spirit' is the motto of....
1) Olympic Committee
2) International Cricket Council
3) Indian Olympic Committee
4) Winter Olympic Games
5) None

34. Where is the headquarters of International Cricket Council (ICC)?
1) Kolkata
2) Durban
3) Dubai
4) Lords
5) Sydney

35. Indian Grand Prix Formula One Championship won by .......
1) Lewis Hamilton
2) Mark Weber
3) Daniel Ricciardo
4) Sebastian Vettel
5) None

ANSWERS:
1-4, 2-5, 3-1, 4-5, 5-4, 6-5, 7-5, 8-1, 9-1, 10-5
11-3, 12-5, 13-4, 14-3, 15-5, 16-5, 17-5, 18-2, 19-5, 20-5
21-5, 22-5, 23-5, 24-3, 25-1, 26-2, 27-1, 28-4, 29-1, 30-1
31-3, 32-1, 33-2, 34-3, 35-4.

GENERAL AWARENESS PRACTICE QUESTIONS FOR SBI SPECIAL MANAGEMENT EXECUTIVES EXAM

1. Which country will host the IBSA Summit in 2015?
1) India
2) Brazil
3) South Africa
4) Singapore
5) Australia

2. Who won the German Grand Prix car racing on July 20, 2014?
1) Lewis Hamilton
2) Nico Rosberg
3) Sebastian Vettel
4) Fernando Alonso
5) Daniel Ricciardo

3. The five BRICS countries agreed to set up the New Development Bank (NDB) with a capitalization of $100 billion. The headquarters of the Bank will be in?
1) Beijing
2) Hong Kong
3) Shanghai
4) New Delhi
5) Fortaleza

4. Who was declared the winner of Indonesia's Presidential election on July 22, 2014?
1) Prabowo Subianto
2) Jusuf Kalla
3) Fauzi Bowo
4) Joko Widodo
5) None of these

5. The first President of the New Development Bank (NDB) shall be from?
1) Brazil
2) Russia
3) China
4) South Africa
5) India

6. Who was appointed the Brand Ambassador of Telangana State in July 2014?
1) Saina Nehwal
2) V.V.S. Laxman
3) Sania Mirza
4) Gagan Narang
5) None of these

7. Who won his first British Open Golf title of his career on July 20, 2014?
1) RoryMcIlroy
2) Rickie Fowler
3) Sergio Garcia
4) Adam Scott
5) Marc Leishman

8. Who is the Indian flag bearer at the opening ceremony of the 20th Commonwealth Games in Glasgow on July 23, 2014?
1) Abhinav Bindra
2) Yogeshwar Dutt
3) Dipika Pallikal
4) Vijay Kumar
5) Saurav Ghosal

9. Environmentalist and social activist Chandi Prasad Bhatt is associated with which of the following movements?
1) Save Silent Valley
2) Narmada Bachao Andolan
3) Save Kudremukh
4) Chipko movement
5) Sarvodaya movement

10. The President Pranab Mukherjee awarded the International Gandhi Award for the year 2013 on February 15, 2014 to?
1) Vijaykumar Vinayak Dongre
2) Guocheng Zhang
3) Ela Gandhi
4) Both 1 and 2
5) All 1, 2 and 3

11. Eminent Hindi writer Vishwanath Tripathi has been selected for the Vyas Samman for 2013 for his book?
1) Dhool Paudho Par
2) Abhi Bilkul Abhi
3) Vyomkesh Darvesh
4) Yahan Se Dekho
5) None of these

12. Renaud Lavillenie established a new pole vault indoor world record by clearing 6.16 meters on February 15, 2014. He is a Olympic champion from?
1) Russia
2) France
3) Spain
4) Ukraine
5) Germany

13. Chandi Prasad Bhatt is the founder of which of the following organizations?
1) Barefoot College
2) Krishak Mukti Sangram Samiti
3) Mazdoor Kisan Shakti Sangathan
4) Dasholi Gram Swarajya Sangh
5) None of these

14. Who became only the second cricketer to hit a triple century and a century in the same Test match on February 7, 2014?
1) Joe Root
2) Alastair Cook
3) Mahela Jayawardane
4) Kumar Sangakkara
5) Michael Clarke

15. Who became the first captain to have participated in four one day international tied matches in January 2014?
1) George Bailey
2) Alastair Cook
3) Mahendra Singh Dhoni
4) Graeme Smith
5) AB de Villiers

16. Amar Kant, Jnanpith Award winner in 2009, passed away on February 17, 2014. He was a writer in which of the following languages?
1) Urdu
2) Hindi
3) Sanskrit
4) Odia
5) Kannada

17. Sudhir Mahato died on January 22, 2014. He was the former deputy Chief Minister of?
1) Jharkhand
2) Bihar
3) Chhattisgarh
4) Madhya Pradesh
5) Haryana

18. Telugu film actor Akkineni Nageswara Rao passed away on January 22, 2014. He won the Dada Saheb Phalke award in?
1) 1986
2) 1987
3) 1988
4) 2009
5) 1990

19. Euthanasia or mercy killing is legal in which of the following countries?
1) Netherlands
2) Belgium
3) Luxembourg
4) Both 1 and 2
5) All 1, 2 and 3

20. Who was appointed as the Chairperson of the Board of Governors of the Indian Institute of Management-Bangalore (IIMB) in February 2014?
1) Chanda Kochhar
2) Nainalal Kidwai
3) Mallika Srinivasan
4) Kiran Mazumdar-Shaw
5) Vineeta Bali

21. Yale University released the 2014 Environmental Performance Index (EPI), ranking 178 countries.
Which country topped the list?
1) Switzerland
2) Luxembourg
3) Australia
4) Singapore
5) Czech Republic

22. What is India's rank at the 2014 Environmental Performance Index?
1) 77
2) 155
3) 118
4) 73
5) 148

23. Which country finished at the bottom of the 2014 Environmental Performance Index with 178th rank?
1) Afghanistan
2) Lesotho
3) Haiti
4) Mali
5) Somalia

24. South Sudan's government and rebels signed a ceasefire agreement on January 23, 2014 in
Addis Ababa, the capital city of?
1) Somalia
2) South Sudan
3) Sudan
4) Angola
5) Ethiopia

25. Hamad bin Isa Al Khalifa visited India in February 2014. He is the King of which of the following
countries?
1) Kuwait
2) Saudi Arabia
3) United Arab Emirates
4) Oman
5) Bahrain

26. The University of Cumbria is the first public university in the world to accept the digital currency bitcoin for tuition fees. This university is in?
1) UK
2) USA
3) Australia
4) Mexico
5) Canada

27. Erlan Abdyldaev visited India in February 2014. He is the Foreign Minister of?
1) Turkmenistan
2) Kyrgyzstan
3) Kazakhstan
4) Uzbekistan
5) Ukraine

28. The Union Government has set up an expert committee to study and examine the demand of a separate Bodoland State to be carved out of?
1) Uttar Pradesh
2) West Bengal
3) Nagaland
4) Assam
5) Arunachal Pradesh

29. To study the demand of a separate Bodoland State, the government has set up a one-man expert
committee of former Union Home Secretary?
1) V.K. Duggal
2) R.K. Singh
3) Naresh Chandra
4) G.K. Pillai
5) Madhukar Gupta

30. The Andhra Pradesh Reorganization Bill, 2014 was passed by the Lok Sabha on?
1) February 13
2) February 16
3) February 15
4) February 17
5) February 18

31. The Andhra Pradesh Reorganization Bill, 2014 was passed by the Rajya Sabha on?
1) February 18
2) February 19
3) February 20
4) February 21
5) February 22

32. Which of the following committees had recommended setting up of the Equal Opportunities Commission
(EOC) for minorities?
1) Justice Sachar Committee
2) Justice Ranganath Mishra Committee
3) Justice Sri Krishna Committee
4) Justice J.S. Verma Committee
5) None of these

33. The Green India Mission aims to improve and increase India's diminishing forest cover. What is the total expenditure envisaged for this scheme in the 12th fiveyear plan period?
1) Rs 21,000 crore
2) Rs 15,000 crore
3) Rs 13,000 crore
4) Rs 46,000 crore
5) Rs 27,000 crore

34. The Union Government will provide what percent of the funds for implementing the Green India
Mission scheme in the north eastern states?
1) 50 percent
2) 75 percent
3) 100 percent
4) 90 percent
5) 60 percent

35. Who is the author of the book "Maverick Unchanged, Unrepentant"?
1) Soli Sorabjee
2) Prashant Bhushan
3) Ram Jethmalani
4) Shanti Bhushan
5) A.G.Noorani

36. The National Waqf Development Corporation Limited (NAWADCO) is a new central public sector
enterprise under the Ministry of?
1) Home Affairs
2) Overseas Indian Affairs
3) Corporate Affairs
4) Law and Justice
5) None of these

37. World Autism Awareness Day is observed every year on?
1) June 2
2) July 2
3) August 2
4) April 2
5) May 2

38. In the event of a bank failure, the Deposit Insurance and Credit Guarantee Corporation (DICGC) protects bank deposits that are payable in India. Which of the following types of deposits are insured by the DICGC?
1) Deposits of foreign governments
2) Deposits of central/state governments
3) Inter bank deposits
4) All 1, 2 and 3
5) None of the above

39. What is the currency of Colombia?
1) Colon
2) Sucre
3) Euro
4) Peso
5) Franc

40. QIP is a capital raising tool. QIP stands for?
1) Qualified Initial Proposal
2) Qualified Institutional Proposal
3) Qualified Initial Placement
4) Qualified Institutional Placement
5) None of these


ANSWERS:
1) 1; 2) 2; 3) 3; 4) 4; 5) 5; 6) 3; 7) 1; 8) 4; 9) 4; 10) 4;
11) 3; 12) 2; 13) 4; 14) 4; 15) 3; 16) 2; 17) 1; 18) 5; 19) 5; 20) 4;
21) 1; 22) 2; 23) 5; 24) 5; 25) 5; 26) 1; 27) 2; 28) 4; 29) 4; 30) 5;
31) 3; 32) 1; 33) 3; 34) 4; 35) 3; 36) 5; 37) 4; 38) 5; 39) 4; 40) 4.

GENERAL AWARENESS PRACTICE MCQs FOR SBI SPECIAL MANAGEMENT EXECUTIVES EXAM

1. Anand Kumar was given which of the following awards in 2014?
1) Saraswati Samman
2) Krishi Karman Award
3) International Gandhi Award
4) Gandhi Peace Prize
5) None of these

2. Which country became the 18th member of Eurozone on 2014 January 1?
1) Estonia
2) Lithuania
3) Latvia
4) Slovenia
5) Bulgaria

3. Who is the Chairman of the committee on Comprehensive Financial Services for Small Businesses and Low-Income Households?
1) Urjit Patel
2) Nachiket Mor
3) Anand Sinha
4) P.J. Nayak
5) R. Gandhi

4. Who among the following is not a Padma Bhushan award winner in 2014?
1) Leander Paes
2) P.Gopichand
3) K. Radhakrishnan
4) Ruskin Bond
5) B.K.S. Iyengar

5. Karnataka won the Ranji Trophy Cricket for the seventh time by defeating which of the following teams in the final in January 2014?
1) Maharashtra
2) Punjab
3) Kerala
4) Mumbai
5) Baroda

6. Which of the following global majors is headed by an Indian?
1) Google
2) Yahoo!
3) Facebook
4) Microsoft
5) WhatsApp

7. How many languages in India have got classical language status at present?
1) 3
2) 2
3) 6
4) 4
5) 5

8. Who became the youngest Prime Minister of Italy in February 2014?
1) Enrico Letta
2) Silvio Berlusconi
3) Manuel Valls
4) Matteo Renzi
5) None of these

9. Which of the following is the capital city of Poland?
1) Lisbon
2) Warsaw
3) Prague
4) Bratislava
5) Pristina

10. Which country hosted the Winter Olympics in February 2014?
1) Norway
2) Denmark
3) Ireland
4) Netherlands
5) Russia

11. Ramesh Agarwal of India won which of the following awards in 2014?
1) Goldman Environmental Prize
2) Tang Prize
3) Templeton Prize
4) Abel Prize
5) Marconi Prize

12. Which country will host the Asian Games from 2014 September 19 to October 4?
1) China
2) South Korea
3) India
4) Thailand
5) Vietnam

13. Luis Guillermo Solis became the President of which of the following countries in May 2014?
1) Colombia
2) Portugal
3) Costa Rica
4) Brazil
5) Chile

14. Dalbir Singh Suhag will become India's next?
1) Army Chief
2) Navy Chief
3) Air Force Chief
4) Attorney General
5) None of these

15. The 3rd BIMSTEC Summit was held in March 2014 in which of the following cities?
1) New Delhi
2) Bangkok
3) Colombo
4) Nay Pyi Taw
5) Kathmandu

16. Which film won the Best Film award at the 86th Oscars in March 2014?
1) The Great Beauty
2) 12 Years A Slave
3) The Hunt
4) The Broken Circle
5) American Hustle

17. Crimea was seceded from which of the following countries in March 2014?
1) Georgia
2) Belarus
3) Ukraine
4) Russia
5) Kazakhstan

18. Which of the following teams won the Santosh Trophy Football in March 2014?
1) Kerala
2) Railways
3) Karnataka
4) Sikkim
5) Mizoram

19. Arjun Bahadur Thapa is the new Secretary General of which of the following organizations?
1) BIMSTEC
2) SAARC
3) ASEAN
4) IBSA
5) None of these

20. Who is the inaugural winner of the Genesis Prize in May 2014?
1) Tomas Halik
2) BarackObama
3) Angela Merkel
4) Michael Bloomberg
5) Bill Clinton

21. Rajiv Mathur is the new?
1) CBI Director
2) IB Director
3) Chief Information Commissioner
4) Attorney General
5) Principal Secretary to the Prime Minister

22. The Finance Commission is constituted every?
1) Five years
2) Two years
3) Three years
4) Ten years
5) Four years

23. To look into the issue of black money a Special Investigation Team (SIT) is constituted which
is headed by?
1) Justice A.K. Patnaik
2) Justice M.B. Shah
3) Justice P.C. Ghose
4) Justice Kurian Joseph
5) None of these

24. What is the present Statutory Liquidity Ratio (SLR)?
1) 22%
2) 22.5%
3) 23%
4) 23.5%
5) 24%

25. The Basic Savings Bank Deposit Account (BSBDA) holders will be allowed a maximum of how many withdrawals in a month?
1) Ten
2) Two
3) Three
4) Four
5) Five

26. Jitan Ram Manjhi became the new Chief Minister of which of the following States in May 2014?
1) Jharkhand
2) Chhattisgarh
3) Bihar
4) Meghalaya
5) Manipur

27. Who is the author of the book 'Gandhi Before India'?
1) Bipan Chandra
2) Romila Thapar
3) Kushwant Singh
4) Ramachandra Guha
5) None of these

28. Which of the following States does not have a woman Chief Minister at present?
1) Rajasthan
2) Gujarat
3) Tamil Nadu
4) West Bengal
5) Himachal Pradesh

29. On 2014 May 21 the Bharatiya Mahila Bank was included in the second schedule to the Reserve bank of India Act, ___
1) 1935
2) 1937
3) 1934
4) 1949
5) 1950

30. Which of the following bowlers won the purple cap in the Indian Premier League 7 season?
1) Mohit Sharma
2) Sunil Narine
3) Ravindra Jadeja
4) Sandeep Sharma
5) Mitchell Johnson

31. World Food Day is observed every year on?
1) July 18
2) October 16
3) October 18
4) September 18
5) August 9

32. Madhuri Dixit has been appointed the brand ambassador for Mamta Abhiyaan campaign by which of the following States?
1) Maharashtra
2) Gujarat
3) Madhya Pradesh
4) Chhattisgarh
5) Bihar

33. Vishal Sikka will become the next Chief Executive Officer of which of the following IT majors?
1) Wipro
2) TCS
3) Cognizant
4) Infosys
5) HCL

34. Uma Bharati is the UnionCabinet Minister for?
1) Consumer Affairs
2) Micro, Small and Medium Enterprises
3) Women and Child Development
4) Water Resources and Ganga Rejuvenation
5) None of these

35. Who is the Solicitor General of India at present?
1) Harish Salve
2) Rohinton Nariman
3) Ranjit Kumar
4) Gopal Subramaniam
5) Ram Jethmalani

36. Who amongst the following is the founder of Amazon.com?
1) Steve Jobs
2) Steve Ballmer
3) Mark Zuckerberg
4) Bill Gates
5) Jeff Bezos

37. The 2014 Men's World Cup Hockey was won by Australia. Which team did it defeat in the final?
1) Netherlands
2) India
3) Argentina
4) Spain
5) Germany

38. The 49th Jnanpith Award was given in June 2014 to an author of which of the following languages?
1) Telugu
2) Hindi
3) Kannada
4) Malayalam
5) Tamil

39. How many countries are the members of the World Trade Organization?
1) 158
2) 159
3) 160
4) 161
5) 162

40. Novak Djokovic defeated which of the following players to win the 2014 Wimbledon men's singles title?
1) Rafael Nadal
2) Andy Murray
3) Stanislas Wawrinka
4) Roger Federer
5) David Ferrer

ANSWERS:
1) 5; 2) 3; 3) 2; 4) 5; 5) 1; 6) 4; 7) 3; 8) 4; 9) 2; 10) 5;
11) 1; 12) 2; 13) 3; 14) 1; 15) 4; 16) 2; 17) 3; 18) 5; 19) 2; 20) 4;
21) 3; 22) 1; 23) 2; 24) 2; 25) 4; 26) 3; 27) 4; 28) 5; 29) 3; 30) 1;
31) 2; 32) 3; 33) 4; 34) 4; 35) 3; 36) 5; 37) 1; 38) 2; 39) 3; 40) 4;

GENERAL AWARENESS PRACTICE MCQs FOR IBPS EXAM

1. RBI has permitted the NBFC-ND to act as Business Correspondents of banks with an aim of spreading financial inclusion on 24th June 2014. NBFC-ND stands for?
1) Non Banking Finance Company at New Delhi
2) Non Banking Finance Company Non- Drawer
3) Non-deposit Non Banking Finance Company
4) New Director Non Banking Finance Company
5) None

2. On 1st July 2014, which committee submitted the report on Data and Information Management in RBI?
1) Anand Sinha
2) H.R. Khan
3) Arundhathi Bhattacharya
4) Rakesh Mohan
5) D.K. Mohanty

3. Largest domestic issuer of overseas bond is?
1) PNB
2) SBI
3) BOI
4) IOB
5) ICICI

4. RBI was formed on the recommendations of .......... commission.
1) Kelkar
2) Curzon
3) Hilton -Young
4) Minto-morley
5) None

5. Hamara Khaata Hamara Swabhimaan (Our Account Our Pride) scheme to provide the No frill accounts to poor announced by?
1) Indian Banks Association and SBI
2) RBI and IBA
3) Indian Banks Association and Ministry of Finance
4) SBI and IDBI
5) Ministry of Finance and World Bank

6. Banks usually share the information of CIBIL at the time of giving credit to the borrowers. CIBIL stands for?
1) Core Inform Bureau (India) Limited
2) Credit Information Bureau (India) Limited
3) Consumer Information Bureau (India) Limited
4) Credit Information Board (India) Limited
5) Collective Information Bureau (India) Limited

7. In the term 'EMI'. E means ....... (This term used in loans).
1) Ebb
2) Engine
3) End
4) Equated
5) None

8. Savings account cannot be opened by?
1) Teacher
2) House Wife
3) Farmer
4) Person doing Money Laundering
5) Person doing more than two businesses

9. What is the condition for a bank to be called
a 'Scheduled Bank'?
1) Its business has crossed Rs.1000-cr mark.
2) Its branch network is over 100.
3) It is included in the second schedule of the RBI Act.
4) It complies with all the above conditions.
5) None

10. PJ Nayak Committee submitted its report to the RBI on 24th May 2014, has mention about the dual regulation of Public Sector Banks (PSBs) as they are regulated by the RBI as well as the .........
1) Ministry of Finance
2) Ministry of Commerce and Industry
3) Ministry of Law
4) Ministry of Home Affairs
5) None of above

11. Regarding Indian Currency the statements relating to RBI given. Pick the incorrect one?
1) It issues Rs.2 and above paper currency till Rs.1000 paper currency now .
2) It was given power to issue the paper currency denomination up to Rs.10,000.
3) It issues Rs.1 also .
4) Coins Mint by Government of India
5) It acts as the Government's agent for issue and distribution of coins.

12. MICR cheques are familiar these days. In MICR, first three digits say the city name or district name and next three digits say?
1) branch code
2) bank license code
3) bank name
4) bank head office name
5) None

13. Present CRR is .......
1) 4%
2) 22.5%
3) 8%
4) 7%
5) 9%

14. Union Budget for 2014-15 proposes REITS for infrastructure projects to reduce pressure on banking system. REITs stands for?
1) Real Estate Investment Trusts
2) Real Estate Innovation Trusts
3) Real Estate Infrastructure Trusts
4) Real Estate Industrial Trusts
5) None of these

15. Which scheme introduced to help in generating awareness and improving the efficiency of delivery of welfare services meant for women with an initial corpus of Rs.100 crore in the Union Budget 2014-15?
1) Beti Bachao, Beti Badhao Yojana
2) Beti Bachao, Beti Banhao Yojana
3) Beti Bachao, Beti Padhao Yojana
4) Beti Padhao, Beti Jaman Yojana
5) None

16. First indigenous Anti-Submarine Warship (ASW) joined Indian Naval Ship on 12th July 2014. It is .......
1) INS Kamorta
2) INS Sindur
3) INS Konkan
4) INS Lakor
5) None

17. FIFA suspended which nation from all international football competitions on 9th July 2014, alleging the government interference is more in that nation's food ball federation?
1) Nigeria
2) Brazil
3) Switzerland
4) Sweden
5) Norway

18. Rammasun, the strong typhoon attacked large parts of the ............ on 15th July 2014?
1) India
2) Egypt
3) Philippines
4) Italy
5) None

19. 6th BRICS Summit held on 15-16 July 2014 at .......
1) Fortaleza, Brazil
2) Ufa, Russia
3) New Delhi, India
4) Beijing, China
5) None

20. BRICS development bank will be having headquarters at?
1) New Delhi
2) Shanghai
3) Brasilia
4) Johannesburg
5) Moscow

21. India and which nation decided to launch negotiations for civil nuclear cooperation on 8 July 2014. This nation's foreign secretary of state William Hague visiting India for this purpose.
1) USA
2) Bulgaria
3) New Zealand
4) UK
5) Germany

22. In the education schemes, MDMS stands for?
1) Mid Day Maintenance Scheme
2) More Day Meal Scheme
3) Mid Dull Meal Scheme
4) Mid Day Meal Scheme
5) None

23. On 11th July, 2014, Supreme Court ordered Union Government to bring wages under MGNREGS on par with minimum wages existing under different states. MGNREGS stands for?
1) Mahatma Gandhi National Rural Employment Group Scheme.
2) Mahatma Gandhi National Rural Employment Guild Scheme.
3) Mahatma Gandhi National Rozgar Employment Guarantee Scheme.
4) Millennium Gandhi National Rural Employment Guarantee Scheme.
5) Mahatma Gandhi National Rural Employment Guarantee Scheme

24. Who was awarded with the prestigious Gandhi Peace Prize for 2013?
1) Dalia lama
2) Barack Obama
3) Chandi Prasad Bhatt
 4) Shianzo Abe
5) None

25. Keshari Nath Tripathi took oath as the Governor of?
1) West Bengal
2) UP
3) Odisha
4) Meghalaya
5) None

26. New state formed recently ........
1) Purvanchal
2) Haritha Pradesh
3) Kodagu
4) Telangana
5) Bodo land

27. Who was elected as the 10th president of Israel on 10th June 2014 succeeding Shimon Peres?
1) Benjamin Netanyahu
2) Francis Holliand
3) Reuven Ruby Rivlin
4) Joe Baden
5) None

28. FIFA 2014 foot ball cup won by ...
1) Germany
2) Italy
3) France
4) USA
5) None

29. Which Indian Ace Tennis Player and Cara Black of South Africa were ranked careerbest fifth in the latest WTA Doubles Rankings?
1) Rushmi Chakravarthi
2) Ankita Bhambri
3) Sania Mirza
4) Manisha Malhotra
5) None

30. On 10th July 2014, UNO released World Urbanization Prospects report. As per it the most populous city in the world is Tokyo having 38 million populations. Which city got second rank having 25 million population?
1) New York
2) Milan
3) Jakarta
4) Ottawa
5) New Delhi

31. 'Land Belongs to the Future - Let's Climate Proof It' is theme of World Day to Combat Desertification. The World Day to Combat Desertification observed on ........
1) 10th June
2) 17th June
3) 1st July
4) 10th May
5) 10th July

32. Who releases first Encyclopedia on Hinduism, edited by Swami Chidanand Saraswatiji of the Parmarth Niketan Rishikesh?
1) Abdul Kalam
2) Sonia Gandhi
3) Pranab Mukherjee
4) Narendra Modi
5) None

33. Thailand capital is?
1) Kuala Lumpur
2) Hanoi
3) Canberra
4) Colombo
5) Bangkok

34. Which nation allows dual citizenship for the children of immigrants on 3rd July 2014?
1) USA
2) Canada
3) Germany
4) France
5) Italy

35. Swami and His Friends, Grand Mother's Tale, A Tiger for Malgudi, The Man-eater of Malgudi, A Horse and Two Goats, The Bachelor of Arts are the books of ........
1) Mulk Raj Anand
2) Raja Rao
3) Vivekananda
4) R.K. Narayan
5) None

36. Flipkart, India's largest e-retailer, on 22 May 2014 acquired the country's biggest fashion portal?
1) Myntra
2) Snapdeal
3) Amazon
4) e-bay
5) None

37. CCEA headed by .......
1) Commerce Minister
2) Finance Minister
3) Prime Minister
4) President of India
5) None

38. Marylebone Cricket Club XI on 5th July 2014 won the match played to celebrate 200- years (bi-centenary of Lord's Cricket Ground on 5th July 2014. The team led by?
1) Steve Waugh
2) Kapil Dev
3) Sachin Tendulkar
4) Shen Warne
5) None

39. Chief Ministers combination given. Locate the wrong option.
1) Assam - Tarun Gogoi
2) Haryana - Bhupinder Singh Hooda
3) Jharkhand - Raman Singh
4) Manipur - Ibobi Singh
5) Meghalaya - Mukul Sangma

40. Pension scheme for farmers and scheme to air-lift doctors to remote areas introduced on 5th June 2014 by?
1) Uttarakhand
2) Odisha
3) HP
4) Delhi
5) Kerala

ANSWERS:

1-3, 2-5, 3-2, 4-3, 5-3, 6-2, 7-4, 8-4, 9-3, 10-1
11-3, 12-3, 13-1, 14-1, 15-3, 16-1, 17-1, 18-3, 19-1, 20-2
21-4, 22-4, 23-5, 24-3, 25-1, 26-4, 27-3, 28-1, 29-3, 30-5
31-2, 32-3, 33-5, 34-3, 35-4, 36-1, 37-3, 38-3, 39-3, 40-1

Highlights of the Union Budget 2014-15

Here are the highlights of the Budget 2014-15 presented by Finance Minister Arun Jaitley.

Fiscal deficit

● Accepts fiscal deficit target of 4.1 percent of GDP for 2014/15

● Fiscal deficit seen at 3.6 percent of GDP in 2015/16
● Finance Minister says: "We cannot spend beyond our means"
● Tax-to-GDP ratio must be raised

Growth
● Aims for sustained growth of 7-8 percent in the next 3-4 years
● Finance minister says he is bound to usher in policies for higher growth, lower inflation

Taxation

● Aims to approve goods and services tax by end of this year

● Will not change rules on retrospective taxation
● All pending cases of retrospective tax for indirect transfers to be examined by a high-level committee before action is taken
● Proposes changes in transfer pricing mechanism
● Extends 5 percent withholding tax on corporate bonds until June 30 2017
● Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh
● Government expects Rs 9.77 lakh crore revenue crore from taxes
● Long term capital gain tax for mutual funds doubled to 20 per cent; lock-in period increased to three years
● Excise duty on footwear reduced from 12 per cent to 6 per cent
● Net effect of direct tax proposals is revenue loss of Rs 22,200 crore
● Tax proposals on indirect tax front would yield Rs. 7,525 crore

Investment

● Raises limit on foreign direct investment in defence sector from 26 per cent to 49 per cent; raises FDI limit in insurance sector to 49 percent
● Earmarks Rs 7000 Crore to create 100 "smart cities"
● Will provide the necessary tax changes to introduce real estate investment trusts and infrastructure investment trusts
● Proposes Rs 4000 crore for affordable housing through national housing bank and extends tax incentives for housing loans
● Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh.
● Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh
Foreign direct investment
● Raises limit on foreign direct investment in defence sector from 26 percent to 49 percent
● Raises FDI limit in insurance sector from 26 percent to 49 percent

Spending

● Capital outlay for defence raised by 50 billion rupees over interim budget
● Earmarks Rs 7000 crore to create 100 "smart cities"
● Proposes Rs 5000 crore for warehousing capacity; 100 billion rupees of private capital for start-up companies; and 378 billion rupees of investment in national and state highways
● Rs 4000 crore for affordable housing proposed through national housing bank and extends tax incentives for housing loans
● Proposes Rs 8000 crore for rural housing scheme

Subsidies

● Plans to make food and petroleum subsidies more targeted
● Rural job-guarantee scheme, which provides 100 days of paid employment a year, will become more focused on asset creation
● Proposes Rs 8000 crore for rural housing scheme

Agriculture

● Will focus on achieving 4 growth per year in agriculture
● Proposes a long-term rural credit fund with an initial corpus of Rs 5000 crore
● Rs 100 crore for development of organic farming

Social sector

● Pension Scheme to be revived for a year (Aug 15-14) for citizens above 60
● Rs 50,548 crore for SC welfare schemes.
● Rs 32,387 crore for ST welfare schemes.

Infrastructure

● Earmarks Rs 500 crore for 24x7 uninterrupted power in all homes
● Rs 100 crore for metro projects in Lucknow and Ahmedabad
● Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called 'Namami Gange'
● Rs 200 crore for world-class sports stadium in Jammu and Kasmir
● Trade Facilitation Centre in Varanasi Handloom and Crafts Museum
● Rs 1000 crore to enhance rail connectivity in the Northeast
● Rs 2250 crore for the development and modernization of the border infrastructure
● A project on the river Ganga called 'Jal Marg Vikas' for inland waterways between Allahabad and Haldia; Rs 4,200 crore set aside for the purpose
● War memorial to be set up along with a war museum; Rs 100 crore set aside for this
● Rs 7,060 crore for setting up 100 Smart Cities

Education

● Five more IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan
● Five more IITs in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala.
● Four more AIIMS like institutions to come up in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in Uttar Pradesh

Tourism

● E-Visas to be introduced at 9 airports
● Finance Minister says tourism helps in job creation and e-visas will encourage more tourists to visit India
● A provision of Rs 500 crore for five tourism sector.

Banking

● Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh.
● Set aside Rs 11,200 crore for PSU banks capitalisation
● Government in favour of consolidation of PSU banks
● Government considering giving greater autonomy to PSU banks while making them accountable
● PSUs to invest to over Rs 2.47 lakh crore this fiscal

Others

● Earmarks Rs 200 crore for Sardar Patel statue
● Proposes Rs 150 crore for improving women safety
● LCD, LED TV become cheaper
● Cigarettes, pan masala, tobacco, aerated drinks become costlier
● Government proposes to launch Digital India' programme to ensure broad band connectivity at village level
● Rs 100 crore scheme to support about 600 new and existing Community Radio Stations
● Rs 150 crore for Communication facilities in Andaman and Nicobar Islands
● Rs 188 crore for disaster preparedness in Puducherry
● Rs 3,600 crore for providing safe drinking water
● North-stop 24-hour channel is proposed to be introduced
● Farmer TV channel will be launched for the benefit of farmers.
● Rs 200 crore to make Delhi a world class city for social welfare and Rs 500 crore for energy
● Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched
● 'Pandit Madan Mohan Malviya New Teachers Training Programme' launched with initial sum of Rs 500 crore
● Government provides Rs 500 crore for rehabilitation of displaced Kashmiri migrants
● Indian Custom Single Window Project to be taken up for facilitating trade