1. Indirect tax collections in
October 2011 dropped by 2.5 percent to Rs 30,278 crore on account of a
slowing economy. Indirect tax comprises which of the following?
(A) corporate, excise and service tax
(B) customs, excise and service tax
(C) service, excise and sales tax
(D) value added tax, sales tax and income tax
Ans: (B)
2. Former Israeli president Moshe Katsav was on 22 March 2011 sentenced to seven years in jail after being convicted for rape. To which of the following parties does he belong to?
(A) Kadima
(B) Likud
(C) United Torah Judaism
(D) Labor Party
Ans: (B)
3. Which of the following public sector banks in November 2011 froze its lending to the power sector?
(A) State Bank of India
(B) Allahabad Bank
(C) Punjab National Bank
(D) United Bank of India
Ans: (B)
(B) Allahabad Bank
(C) Punjab National Bank
(D) United Bank of India
Ans: (B)
4. According to a UN study what is India’s rank among a total of 187 countries in terms of Human Development Index?
(A) 95
(B) 134
(C) 119
(D) 73
Ans: (B)
(A) 95
(B) 134
(C) 119
(D) 73
Ans: (B)
5.
Indirect tax collections in October 2011 dropped by 2.5 percent to Rs
30,278 crore on account of a slowing economy. Indirect tax comprises
which of the following?
(A) corporate, excise and service tax
(B) customs, excise and service tax
(C) service, excise and sales tax
(D) value added tax, sales tax and income tax
Ans: (B)
6. The Indian government in March 2011 conferred the Miniratna status on which of the following PSUs?
(A) National Small Industries Corporation (NSIC)
(B) Air India Charters Ltd
(C) Cement Corporation of India
(D) HMT Machine Tools Ltd
Ans: (A)
(A) corporate, excise and service tax
(B) customs, excise and service tax
(C) service, excise and sales tax
(D) value added tax, sales tax and income tax
Ans: (B)
6. The Indian government in March 2011 conferred the Miniratna status on which of the following PSUs?
(A) National Small Industries Corporation (NSIC)
(B) Air India Charters Ltd
(C) Cement Corporation of India
(D) HMT Machine Tools Ltd
Ans: (A)
7.
Finance Minister Pranab Mukherjee on 31 October 2011 inaugurated a
fully secure government e-payment system. Which of the following facts
regarding the e-payment system is not true?
1. e-payment system will enable the Central government to directly credit dues into the accounts of beneficiaries.
1. e-payment system will enable the Central government to directly credit dues into the accounts of beneficiaries.
2. It has been developed by Comptroller & Auditor general of India.
3. It has been designed to serve as middleware between COMPACT (computerised payment and accounts) application at PAOs and the core banking solution (CBS) of the agency banks/Reserve Bank of India, to facilitate paperless transaction.
4. The e-payment system will save both time and effort in effecting payments and also facilitate the elimination of physical cheques and their manual processing.
(A) 1 & 2
(B) Only 1
(C) Only 2
(D) 1 & 3
Ans: (C)
3. It has been designed to serve as middleware between COMPACT (computerised payment and accounts) application at PAOs and the core banking solution (CBS) of the agency banks/Reserve Bank of India, to facilitate paperless transaction.
4. The e-payment system will save both time and effort in effecting payments and also facilitate the elimination of physical cheques and their manual processing.
(A) 1 & 2
(B) Only 1
(C) Only 2
(D) 1 & 3
Ans: (C)
8.
The Shunglu Committee set up to probe corruption in organising the
Commonwealth Games (CWG) on 23 March 2011 submitted its second report to
the Cabinet Secretary. Which private developer was indicted in the
second report?
(A) Emaar MGF
(B) Royale Builders and Developers
(C) Green Field Real Estate
(D) DLF
Ans: (A)
(A) Emaar MGF
(B) Royale Builders and Developers
(C) Green Field Real Estate
(D) DLF
Ans: (A)
9. According to the tiger Census 2010, the number of tigers in India increased from 1411 to__.
(A) 1706
(B) 1672
(C) 1511
(A) 1706
(B) 1672
(C) 1511
(D) 1611
Ans: (a) 1706
Ans: (a) 1706
10.
In the Sunderbans, the tiger Census took place for the first time. In
which one of the following states of India Sunderbans is located?
(A) West Bengal
(B) Orissa
(C) Andhra Pradesh
(D) Tamil Nadu
Ans: (A) West Bengal, next to the Bay of Bengal
(A) West Bengal
(B) Orissa
(C) Andhra Pradesh
(D) Tamil Nadu
Ans: (A) West Bengal, next to the Bay of Bengal
(A) USD 680 million
(B) USD 650 million
(C) USD 666 million
(D) USD 715 million
Ans: (A)
12. Indirect tax collections in October 2011 dropped by 2.5 percent to Rs 30,278 crore on account of a slowing economy. Indirect tax comprises which of the following?
(A) corporate, excise and service tax
(B) customs, excise and service tax
(C) service, excise and sales tax
(D) value added tax, sales tax and income tax
Ans: (B)
13. Which of the following rating agencies on 9 November 2011 downgraded the entire Indian banking system's rating outlook from stable to negative indicating a deterioration in asset quality in the months ahead?
(A) Standard & Poor's (S&P)
(B) Fitch Rating
(C) Moody's
(D) A.M. Best
Ans: (C)
14. Which of the following public sector banks in November 2011 froze its lending to the power sector?
(A) State Bank of India
(B) Allahabad Bank
(C) Punjab National Bank
(D) United Bank of India
Ans: (B)
15. Russia and Bangladesh on 2 November 2011 signed a deal to build a nuclear power plant. Consider the following statements on the nuclear deal.
(i) It would be Bangladesh’s first nuclear plant.
(ii) The nuclear power plant will be set up at Rooppur in Pabna district.
Choose the right option:
(A) Both i and ii are correct.
(B) Only i is correct.
(C) Only ii is correct.
(D) Neither i nor ii is correct.
Ans: (A)
16. Nabum Tuki was sworn in as the Chief Minister of Arunachal Pradesh on 1 November 2011. He is the__ Chief Minister of Arunachal Pradesh?
(A) Seventh
(B) Sixth
(C) Fith
(D) Fourth
Ans: (A)
17. A report recently stated that bluefin tuna was fished illegally during Libya conflict. Consider the following statements:
(i) Bluefin Tuna are dark blue-black on the back, and white on the lower sides and belly.
(ii) The scientific name of bluefin tuna is Thunnus thynnus.
Choose the right option:
(A) Both i and ii are correct.
(B) Neither i nor ii is correct.
(C) Only i is correct.
(D) Only ii is correct.
Ans: (A)
18. Name the top seeded tennis duo who won the Stockholm Open after outplaying Marcelo Melo and Bruno Soares 6-1, 6-4 in the summit clash in October 2011.
(A) Baghdatis of Cyprus and Del Potro of Argentina
(B) Rohan Bopanna of India and Aisam-Ul-Haq Qureshi of Pakistan
(C) Michael Kohlmann and Alexander Wask of Gremany
(D) Gael Monfils of France and Alexander Wask of Gremany
Ans: (B)
19. Finance Minister Pranab Mukherjee on 31 October 2011 inaugurated a fully secure government e-payment system. Which of the following facts regarding the e-payment system is not true?
(i) e-payment system will enable the Central government to directly credit dues into the accounts of beneficiaries.
(ii) It has been developed by Comptroller & Auditor general of India.
(iii) It has been designed to serve as middleware between COMPACT (computerised payment and accounts) application at PAOs and the core banking solution (CBS) of the agency banks/Reserve Bank of India, to facilitate paperless transaction.
(iv) The e-payment system will save both time and effort in effecting payments and also facilitate the elimination of physical cheques and their manual processing.
(A) 1 & 2
(B) Only 1
(C) Only 2
(D) 1 & 3
Ans: (C)
20. Conference of Parties to the Stockholm Convention in Geneva on 29 April 2011 approved the recommendation for elimination of production and use of which of the following?
(A) Endosulfan
(B) Neonicotinoids
(C) Organophosphates
(D) Metarhizium anisopliae
Ans: (A)
21. Which country won its first Fed Cup title in 23 years on 6 November 2011 after securing a 3-2 win over Russia in the final ? (A) Iran
(B) South Korea
(C) Greece
(D) Czech Republic
Ans: (D)
22. Which Indian city is to host the World Economic Forum's (WEF's) India Economic Summit for the first time in 26 years of the summit's history from 12-14 November 2011 ? (A) New Delhi
(B) Mumbai
(C) Ahmedabad
(D) Kolkata
Ans: (B)
23. Which of the following companies entered into a partnership with the department of information technology to provide rural population socially oriented investment options ? (A) UTI Infrastructure Technology
(B) L&T Infrastructure
(C) ICICI Mutual Fund
(D) RIL
Ans: (A)
24. Palestine won the membership of UNESCO( United Nations Educational, Scientific and Cultural Organisation). UNESCO is the ___ UN agency Palestine has joined as a full member. (A) First
(B) Second
(C) Third
(D) Fourth
Ans: (A)
25. According to a UN study what is India’s rank among a total of 187 countries in terms of Human Development Index ? (A) 95
(B) 134
(C) 119
(D) 73
Ans: (B)
26. India scientists succeeded in decoding the genome of the arhar dal, which is also known as _____. (A) Pigeon Pea
(B) Black-eyed Pea
(C) Sweet Pea
(D) Split Pea
Ans: (A)
27. Name the Indian golfer who became the first Indian golfer to shoot a spectacular round of 12-under 60 on home soil when he took a three-stroke lead on the second day of the Rs. one-crore BILT Open golf championship at the Jaypee Greens golf course on 3 November 2011. (A) Jyoti Randhawa
(B) Amandeep Johl
(C) Anirban Lahiri
(D) Rahil Gangjee
Ans: (C)
28. According to the data released by the commerce and industry ministry on 31 October 2011, the eight core infrastructure industries growth slowed down to what percentage for September 2011 as against 3.3 per cent in September 2010 ? (A) 3.1%
(B) 2.3%
(C) 2%
(D) 1.8%
Ans: (B)
29. Union Finance Minister Pranab Mukherjee on 16 October 2011 voiced the Finance Ministry’s decision to to recapitalise which of the following PSU lenders to help it achieve compliance with capital adequacy ratio (CAR) norms ? (A) State Bank of India
(B) United Bank of India
(C) Punjab National Bank
(D) Bank of Baroda
Ans: (A)
30. Which one of the following launched social security scheme for Gramin Dak Sevaks? (A) Ministry of Home Affairs
(B) Ministry of Communications and IT
(C) Ministry of Personnel and Grievance
(D) Ministry of Rural Development
Ans: (B)
31. The Reserve Bank of India panel to review facilities for individuals under FEMA (Foreign Exchange Management Act) submitted report on 10 August 2011. With regard to the following which of the following is not true
A. In the report it mentioned that the concept of non-repatriation basis or non-repatriable funds was outdated.
B. Since non-residents were given the freedom to remit $1 million annually, it was compulsory to maintain procedures under FEMA.
C. The report suggested the procedural knots in the system need to be untied to enable the present forex liberalisation to be effective.
D. Issue of take-overs underwent changes in the past and now are taken care of under the ambit of SEBI regulations and using FEMA for this purpose is superfluous and an unnecessary.
(A) 2 & 4
(B) Only 2
(C) 1 & 4
(D) Only 4
Ans: (B)
32. Name the Irish poet and human rights activist who was named Ireland’s ninth president on 30 October 2011 after winning 57% of votes in the final count of the presidential election held on 27 October 2011.
(A) Michael D Higgins
(B) Mary McAleese
(C) Douglas Hyde
(D) Mary Robinson
Ans: (A)
33. Which of the following public sector banks in November 2011 froze its lending to the power sector?
(A) State Bank of India
(B) Allahabad Bank
(C) Punjab National Bank
(D) United Bank of India
Ans: (B)
34. Who became the first Indian tennis player ever to win the Canadian U-18 ITF Junior World Ranking Championship on 17 July 2011?
(A) Ambika Pandey
(B) D Harika
(C) Koneru Humpy
(D) Chekrovolu Swuro
Ans: (A)
35. Who did the Union government appoint on 23 July 2011 as the Solicitor-General, the second senior most law officer of India?
(A) Fali S Nariman
(B) Rohinton Nariman
(C) Gopal Subramanium
(D) Harish Salve
Ans: (B)
36. India registered a __ per cent increase in tiger population in 2010, according to a report, Status of tigers, co-predators and prey in India-2010, released on 28 July 2011.
(A) 20
(B) 30
(C) 15
(D) 12
Ans: (A)
37. According to the WPI data released by the Commerce and Industry Ministry on 3 November 2011, food inflation surged to what per cent for the week ended 22 October 2011 owing to soaring prices of various edibles such as vegetables, fruits, pulses, milk and all other protein-rich items?
(A) 11.55%
(B) 12.25%
(C) 12.21%
(D) 11.12%
Ans: (C)
38. World Investment Report 2011 was released by UNCTAD on 26 July 2011. According to the report, what is India’s position among the top 20 Foreign Direct Investment (FDI) recipients?
(A) 8th
(B) 10th
(C) 14th
(D) 4th
Ans: (C)
39. The First Trojan Asteriod of earth discovered by the scientists. What is its name?
(A) 2010TK7
(B) 2010KT7
(C) 2010XY
(D) 2010YX
Ans: (1)
40. Billionaire entrepreneur Ajay Piramal purchased 5.5% stake in which of the following mobile service providers for Rs. 2900 crore, or $640 million?
(A) Idea Cellular
(B) Vodafone Essar
(C) Bharti Airtel
(D) MTNL
Ans: (B)
41. Which of the following countries topped the list of medals at the World Athletics Championships in Daegu, South Korea ? (A) USA
(B) Kenya
(C) Jamaica
(D) South Africa
Ans: (A)
42. India, on 24 August 2011 signed (Double Taxation Avoidance Agreement) with which one of the following countries ? (A) Georgia
(B) Sri Lanka
(C) Pakistan
(D) UK
Ans: (A)
43. UNCTAD's Trade and Development Report 2011 launched in New Delhi on 6 September 2011projected an economic growth of what per cent for India in 2011 ? (A) 8%
(B) 8.1%
(C) 9.2%
(D) 8.6%
Ans: (B)
44. Russian and US scientists launched an expedition to study emission of___ gas in the eastern Arctic. (A) Methane
(B) Carbon-Di-Oxide
(C) Sulfur-Di-Oxide
(D) Ozone
Ans: (A)
45. Name the Maoists Vice-Chairman who was on 28 August 2011 elected Nepal's 35th prime minister marking the country’s attempt to form a stable government after extended political uncertainty. (A) Baburam Bhattarai
(B) Sher Bahadur Deuba
(C) Surya Bahadur Thapa
(D) Jhalanath Khanal
Ans: (A)
46. Indian rupee on 7 September 2011 settled at one-year low against the US currency. What was the value of the India value vis-à-vis the US currency ? (A) 46.16/17
(B) 46
(C) 45.32/33
(D) 45
Ans: (A)
47. How many Indian companies were ranked among the top 200 Asia-Pacific corporations in Forbes Asia's 'Best Under a Billion' list for 2011 released on 31 August 2011 ? (A) 65
(B) 35
(C) 23
(D) 14
Ans: (D)
48. Reserve Bank of India (RBI) panel headed by headed by Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL) on 29 August 2011 came up with suggestion on non-banking finance company (NBFC). Which of the following related to this statement is not true ? 1. The panel suggested the central bank to insist on a minimum asset size of more than Rs.25 crore for registering any new non-banking finance company (NBFC)
2. Transfer of shareholding, direct or indirect, of 25 per cent and above, change in control, merger or acquisition of any registered NBFC will require prior approval of the Reserve Bank.
3. Tier-I capital for capital to risk weighted assets ratio (CRAR) purposes would be specified at 12 per cent to be achieved in three years for all registered deposit-taking and non-deposit-taking NBFCs.
49. NBFCs would be subject to regulations similar to banks while lending to stock brokers and merchant banks and similar to stock brokers, as specified by the Securities and Exchange Board of India (SEBI) (A) 1 & 4
(B) 2 & 4
(C) Only 4
(D) Only 1
Ans: (D)
50. North Korea agreed to start international talks on denuclearization of the Korean peninsula. This was agreed during the visit of North Korean leader Kim Jong Ii to__. (A) Russia
(B) China
(C) UK
(D) South Korea
Ans: (A)
