I) Bank loans to NBFCs will not come under 'priority sector' lending
II) NBFCs cannot charge a rate of interest higher than the RBI prescribed rate in lending funds borrowed from banks
III) The interest margin earned by NBFCs in lending funds borrowed from banks cannot exceed the ceiling prescribed by the RBI
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these
2.Which of the following has proposed the setting up of a National Knowledge Functional Hub (NKFH) to facilitate interaction between the industry and institutions of higher education to produce better quality manpower recently ?
1) National Knowledge Commission
2) CII
3) ASSOCHAM
4) FICCI
5) None of these
3.The Reserve bank of India has increased the amount of money that can be loaded on mobile phones (mobile - wallet) to ..... from the existing limit of Rs. 5,000 recently
1) Rs. 10,000
2) Rs. 15,000
3) Rs. 25,000
4) Rs. 50,000
5) None of these
4.What are 'structural adjustment programmes'?
1) Programmes to increase the spread of financial services in developing countries
2) Programmes to improve road safety in developing countries
3) Requirements to qualify for World Bank and IMF loans
4) UN building regulations for disaster preparedness
5) None of these
5.Nuclear plants in India have an 'Exclusion Zone' of .... surrounding the power station, in which no habitation is permitted.
1) 1.6 km
2) 4.2 km
3) 8.4 km
4) 11.6 km
5) None of these
6.Improving regulation of which of the following was the subject of the Finance Ministry appointed KP Krishnan Committee ?
1) Microfinance institutions
2) Mutual funds
3) General insurance companies
4) Credit rating agencies
5) None of these
7. 'Asha' is a low - priced milk food drink introduced for rural consumers by which of the following ?
1) Nestle
2) Cadbury
3) Heinz
4) GlaxoSmithKline
5) None of these
8.ONGC Videsh Ltd (OVL) signed an agreeemtn to acquire 25% stake in the Satpayev oil block in Central Asia recentlyh. Which of the following statements is / are correct ?
I) Satpayev s in Turkmenistan
II) Satpayev is in Black Sea
III) Satpayev is believed to hold 1.75 billion barrels of oil reserves
1) I only
2) I and II only
3) II only
4) III only
5) None of these
9.Which of the following is the new income tax return form for salaried employees introduced by the Finance Ministry recently ?
1) Suvidha
2) Sugam
3) Sahaj
4) Saral
5) None of these
10.The Commerce Ministry has launched 'Buyer's Credit under the National Export Insurance Account (NEIA)' to :
1) Facilitate foreign direct investment in India
2) Facilitate project exports of Indian companies
3) Facilitate acquisitions by Indian companies overseas
4) Facilitate employment of Indian professionals abroad
5) None of these
11.Which of the following banks has launched 'Tiny Cards' with biometric identification to expand the coverage of banking services in rural parts of the country ?
1) ICICI Bank
2) NABARD
3) State Bank of India
4) Bank of India
5) None of these
12.Which of the following statements about IRDA guidelines for distance marketing of products issued recently is / are correct ?
I) Telemarketing of all Unit - Linked Insurance Products (ULIPs) has been disallowed
II) Only telemarketers trained by institutes accredited by IRDA can be employed
III) All telemarketing calls will have to be recorded
1) I only
2) I and II only
3) I and III only
4) II and III only
5) None of these
13.The Bureau of Energy Efficiency labelling is compulsory for all of the following except :
1) Laptops
2) Frost-free refrigerators
3) Tubular fluorescent lamps
4) Ceiling fans
5) None of these
14.What is the investment limit in plant and machinery for classification under Small Scale Industries ?
1) Rs. 10 lakh
2) Rs. 50 lakh
3) Rs. 1 crore
4) Rs. 10 crore
5) None of these
15.The government has recently decided to allow FIIs investment in infrastructure bonds upto ..... annually.
1) $5 billion
2) $ 10 billion
3) $ 15 billion
4) $ 25 billion
5) None of these
16.The term ASBA (Applications Supported by Blocked Amount) is used in which of the following financial services ?
1) General Insurance
2) Capital markets
3) Life Insuracne
4) Micro finance
5) None of these
17.The Government has decided to notify a provision exempting people of salary income up to ..... a year from filing returns
1) Rs. 2 lakh
2) Rs. 2.5 lakh
3) Rs. 4 lakh
4) Rs. 5 lakh
5) None of these
18.Which of the following is the largest mutual fund in India with assets under management (AUM) exceeding Rs. 100,000 crore on March 31, 2011 ?
1) UTI MF
2) HDFC MF
3) Reliance MF
4) birla Sun Life
5) None of these
19.Which of the following identifies and funds social welfare projects under its India Development Marketplace initiative ?
1) IMF
2) USAID
3) Intel
4) World Bank
5) None of these
20.Which of the following has been set up by the government to fund energy saving technologies recently ?
1) National Renewable Energy Fund
2) National Green Energy Fund
3) National Carbon Reduction Fund
4) National Clean Energy Fund
5) None of these
21.Which of the following is the new income tax return form for small businessmen and self-employed professionals introduced by the Finance Ministry recently ?
1) Suvidha
2) Sugam
3) Sahaj
4) Saral
5) None of these
22.A Committee was constituted to review the functioning fo the Central Economic Intelligence Bureau (CEIB) recently. What is the objective of CEIB ?
1) TO gie suggestions for promoting financial inclusion
2) TO compile data for calculating GDP growth and per capita income
3) To gather data on tax evasion and other financial crimes
4) To assist the RBI in formulating monetary policy
5) None of these
23.Mission Document of the National Water Mission (NWM) was approved byt he Union Cabinet recently. Which of the following statements is / are correct ?
I) NWM is one of the constituents of the National Action Plan for Climate Change
II) Improving share of hydroelectricity in country's total energy production is one of the objective of NWM
III) NWM will adjudicate in water sharing disputes involving inter-state rivers
1) I only
2) I and II only
3) I and II only
4) II and III only
5) None of these
24.Which country's 'Zero Kero' LPG programme is being considred for use in India to encourage customers to switch from kerosene to LPG recently ?
1) Thailand
2) Sri Lanka
3) Malaysia
4) Indonesia
5) None of these
25.Which of the folowing was launched by Union Ministry for Youth Affairs and SPorts in association with National Skill Development Corporation (NSDC) at Imphal, Manipur recently?
1) Sports Employability SKill Project
2) Youth Skill Development Project
3) Youth Employability Skill Project
4) Tribal Employability Skill Project
5) None of these
26. Government has decided to introduce biometric ...... to weed out duplicate and fake ones recently
1) Debit cards
2) Passports
3) Driving licenses
4) PAN cards
5) None of these
27.Which country is the single largest source for foreign direct investment to India, accounting for 40 percent of FDI flows in the last ten years, according to the Reserve bank of India ?
1) USA
2) UK
3) Singapore
4) Mauritius
5) None of these
28.The government plans to set up a Green National Accounting (GNA) system to evaluate impact of economic growth on environment. Who has been selected as the Chairperson of the expert group on GNA ?
1) Parthasarathi Shome
2) Madhav Gadgil
3) Partha Dasgupta
4) B. Ulhas Karanth
5) None of these
29.Global Assessment Report (GAR) of which of the following has complimented the Government of India for its National Rural Employment Guarantee Act (NREGA) recently ?
1) European Union
2) ILO
3) IMF
4) UN
5) None of these
30. The regulations pertaining to mergers and amalgamations (M & A) were issued by the Competition Commission of India (CCI) on May 12, 2011. Which of the following statements is / are correct ?
I) Overseas acquisitions of Indina companies with no impact on the domestic market will not come under the ambit of CCI
II) M & A deals that were initiated before June 1, 2011 will not come under the ambit of CCI
III) Scrutiny of all M & A deals will be completed by the CCI within 180 calendar days
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these
31.Which of then following statements about foreign investment in Limited Liability Partnership (LLP) companies is / are correct ?
I) FDI will be allowed in LLPs in sectors like mining, power, roads and highways, manufacturing activities, drugs and pharmaceuticals
II) FDI will not be allowed in LLPs engaged in agricultural and plantation activities, print media or real estate business
III) LLPs have been allowed to access external commercial borrowings
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these
32.Which is the first state to introduce e-payment system for commercial tax payers recently ?
1) Maharashtra
2) Uttarakhand
3) Karnataka
4) Madhya Pradesh
5) None of these
33.Which of the following is not among the industries / sectors given priority in natural gas supply in the country ?
1) Fertiliser
2) LPG
3) Steel
4) Power
5) None of these
34.Where was the World Spice Organisation (WSO) set up recently ?
1) Kannur
2) Kochi
3) Kollam
4) Kottayam
5) None of these
35.Which of the following submitted a report titled 'Social Protection for a Changing India' - a comprehensive review of anti-poverty schemes such as PDS, MGNREGS, RSBY and IAY recently ?
1) World Economic Forum
2) CMIE
3) World Bank
4) IMF
5) None of these
36.Which of the following not one of the objectives of setting up the Warehousing Development and Regulatory Authority ?
1) To improve farm sector yiled
2) To enable farmers to avail of loans against foodgrains stored
3) To reduce post-harvest losses in foodgrain storage
4) To prevent post-harvest distress sales by farmers
5) None of these
37.The government approved the revival of Scooters India Limited (SIL) through induction of a joint venture partner recently. SIL sells scooters under which trademark ?
1) Mayur
2) Bharat
3) Vijay
4) Vikram
5) None of these
38.The Petroleum Conservation and Research Association (PCRA) has unveiled plans to set up India's first Carbon Credit Aggregation Centre (CCA) in which state ?
1) Himachal Pradesh
2) Uttarakhand
3) Rajasthan
4) Chhattisgarh
5) None of these
39.Which sectors were added to the list of six 'core sector infrastructure industries' recently?
I) Water supply
II) Natural gas
III) Fertilisers
1) I only
2) I and II only
3) II only
4) III and II only
5) None of these
40.Bina Refinery is a joint venture of Bharat Petroleum and ........ Oil Company to set up a 6 MMTPA grass root refinery at Bina in Madhya Pradesh.
1) Shell
2) Qatar
3) Emirates
4) Oman
5) None of these
41.A high level committee of Bankers submitted its report on Rural Housing recently. Which of the following statements regarding its recommendations for Below the Poverty Line (BPL) Households is / are correct ?
I) Allocation of grants for construction of rural housing units for BPL Households should be increased to Rs. 75,000 per dwelling unit
II) Repayment period should be reduced to ten years
III) BPL households should be provided a loand of Rs. 50,000 at 4% rate of interest
1) II only
2) I and II only
3) II only
4) III and I only
5) None of these
42.'Aichi Targets' refers to which of the following?
1) Trade
2) Education
3) Nuclear safety
4) Environment
5) None of these
43.Scheduled commercial banks do not require permission from the Reserve bank of India for opening new branches in towns with population less than .........
1) 49,999
2) 99,999
3) 2,49,999
4) 4,99,999
5) None of these
44.The National Rural Livelihoods Mission (NRLM) was launched recently. Which of the following statements is / are correct ?
I) NRLM seeks to bring the rural poor under the Self Help Group (SHG) network
II) Services of Business Correspondents (BCs) will be utilised to spread the concept of NRLM
III) NLRM will facilitate access of bank credit to those covered under the Mission
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these
45.A committee headed by RBI deputy governor Shyamala Gopinath has recommended a 'holding company' structure for both banking and nonbanking financial groups recently. Which of the following statements is / are correct ?
I) Both the holding company as well as the subsidiaries can be listed on stock exchange
II) The subsidiaries will own equity stake in the holding company
1) II only
2) I and II only
3) I only
4) All of these
5) None of these
46.Which Indian corporate group has decided to enter the financial services business in a tie up with D.E. Shaw of the US ?
1) AV Birla Group
2) Wipro Ltd
3) Mahindra & Mahindra
4) RIL
5) None of these
47.The Reserve Bank of India (RBI) recently relaxed the eligibility norms for using credit default swaps (CDS) on corporate bonds. What are CDS ?
1) A form of loan that can be taken by pledging shares of a company
2) A form of credit rating that compares companies on their cash flow
3) A form of insurance that protects the lender in case of loand default
4) A form of loan that can be converted into equaity
5) None of these
48.Which of the following statements is /a re correct about Indian Depository Receipts (IDRs) ?
1) They are issued by Indian companies to raise funds from overseas stock markets
2) They are issued by foreign companies to raise funds from Indian stock markets
3) They are denominated in foreign currency
4) None of the above
5) None of these
49.Which is the first state in the country to sign an agreement with the World Bank for securing carbon credits for its 'Clean Development Mechanism' (CDM) recently ?
1) Sikkim
2) Uttarakhand
3) Jammu Kashmir
4) Himachal Pradesh
5) None of these
50. From which state was the National Rural Livelihood Mission launched recently ?
1) Kerala
2) Maharashtra
3) Haryana
4) Rajasthan
5) None of these
ANSWERS:
1) 1 2) 4 3) 4 4) 3 5) 1 6) 4 7) 4 8) 4 9) 3 10) 2
11) 3 12) 4 13) 1 14) 3 15) 4 16) 2 17) 4 18) 3 19) 4 20) 4
21) 2 22) 3 23) 1 24) 4 25) 3 26) 4 27) 4 28) 3 29) 4 30) 4
31) 2 32) 3 33) 3 34) 2 35) 3 36) 1 37) 4 38) 3 39) 4 40) 4
41) 2 42) 4 43) 1 44) 4 45) 2 46) 4 47) 3 48) 2 49) 4 50) 4
