1.
Which of the following statement (s) reflects India’s stand on new
World Trade Organization’s proposal on the issue of the subsidy to agro
products ?
(1) India would protect the interest of its poor farmers who can not bear the burden of the cost of the products if they have to sell them on cheaper rate.
(2) Indian industry needs more flexibility as compared to the industry in developed countries.
(3) WTO has set up a new committee under the chairmanship of Putin of Russia to look into the issue of subsidy and find out a solution to the problem acceptable to all the parties.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
(1) India would protect the interest of its poor farmers who can not bear the burden of the cost of the products if they have to sell them on cheaper rate.
(2) Indian industry needs more flexibility as compared to the industry in developed countries.
(3) WTO has set up a new committee under the chairmanship of Putin of Russia to look into the issue of subsidy and find out a solution to the problem acceptable to all the parties.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
2. Which of the following statement (s) is / are true about the 11th five year plan of India ?
(1) The highest priority is given to exports , education and development of steel sector.
(2) The plan aims at achieving the growth at 10 % level by the end of the plan.
(3) The Rashtriya Krishi Vikas Yojana is revived in such a way so that it can be achieve a growth nof 4 % for agriculture sector.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
(1) The highest priority is given to exports , education and development of steel sector.
(2) The plan aims at achieving the growth at 10 % level by the end of the plan.
(3) The Rashtriya Krishi Vikas Yojana is revived in such a way so that it can be achieve a growth nof 4 % for agriculture sector.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
3. As per the figures released recently
the Stock markets in emerging economies made handsome returns last year
(2007-08). Which of the following stock markets amongst the BRIC
nations registered highest increased (97 %) compared to its performance
in 2006-07 ?
(A) Cina
(B) Brazil
(C) Russia
(D) India
(E) None of these
(A) Cina
(B) Brazil
(C) Russia
(D) India
(E) None of these
4. Bayana which was in news recently is a place in -
(A) Uttar Pradseh
(B) Madhya Pradseh
(C) Bihar
(D) Haryana
(E) Rajasthan
(A) Uttar Pradseh
(B) Madhya Pradseh
(C) Bihar
(D) Haryana
(E) Rajasthan
5. Which of the following statement (s) is / are correct about the Indo-Russia Bilateral Defence Ties ?
(1) Both the countries have decided to produce a fifth generation fighter aircraft and a multi role cargo plane.
(2) India has agreed to launch Russian missiles from its base at Chandipur incase some other nation attacks on Russia
(3) India and Russia were able to sort out differences over the utilization of Rupee debt fund which is of Rs. 8000 Crore at present.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 3 only
(E) None of these
(1) Both the countries have decided to produce a fifth generation fighter aircraft and a multi role cargo plane.
(2) India has agreed to launch Russian missiles from its base at Chandipur incase some other nation attacks on Russia
(3) India and Russia were able to sort out differences over the utilization of Rupee debt fund which is of Rs. 8000 Crore at present.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 3 only
(E) None of these
6. India has recently decided to put a
wire fence on the 76 km. long border in Dhudri district in Assam. The
fence will separate India from -
(A) Nepal
(B) China
(C) Bangladesh
(D) Myanmar
(E) Pakistan
ANS (C)
(A) Nepal
(B) China
(C) Bangladesh
(D) Myanmar
(E) Pakistan
ANS (C)
7. As we all know the Govt. of India is
very keen about providing banking service to the people in rural and
remote areas . However , banks feel that the cost of providing services
in these areas for financial inclusion is quite high if services are
offered through the “traditional branch channel “. What is / are the
other alternative cost effective channel (s) to fulfill this aim of the
Govt. of India ?
(1) Putting biometric ATMs.
(2) Introduce mobile banking.
(3) Issue credit or debit cards
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
(1) Putting biometric ATMs.
(2) Introduce mobile banking.
(3) Issue credit or debit cards
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
8. The Govt. of India recently issued a
notification altering constituencies in 24 States and Union
territories. This is done as per the provision of which of the
following Acts?
(A) Delimitation Act
(B) Census Act
(C) Parliament Act
(D) State Reorganization Act
(E) None of these
(A) Delimitation Act
(B) Census Act
(C) Parliament Act
(D) State Reorganization Act
(E) None of these
9. As we read very frequently in the
newspaper fraudulent activities in financial world is still continuing
despite various efforts made by various countries to prevent them. As an
estimate by IMF, what is the probable amount derived from such illegal
activities which is laundered through the world’s formal financial
systems every year? About -
(A) US$ 500 billion
(B) US$ 800 billion
(C) US$ 1000 billion
(D) US$ 1250 billion
(E) US$ 1500 billion
(A) US$ 500 billion
(B) US$ 800 billion
(C) US$ 1000 billion
(D) US$ 1250 billion
(E) US$ 1500 billion
10. Indian Prime Minister during his
visit the Arunachal Pradesh a few months back asserted that the State
is India’s Land of Rising Sun. Which of the following countries did not
like his statement and had raised some objection over his visit to
Arunachal Pradesh which is very much a part of India?
(A) Myanmar
(B) China
(C) Bangladesh
(D) Bhutan
(E) Nepal
(A) Myanmar
(B) China
(C) Bangladesh
(D) Bhutan
(E) Nepal
11. Which of the following is the amount
of insurance cover provided to the workers of the unorganized sector
under Rashtriya Swasthya Bima Yojana?
(A) Rs. 10,000/-
(B) Rs. 20,000/-
(C) Rs. 30,000/-
(D) Rs. 40,000/-
(E) Rs. 50,000/-
(A) Rs. 10,000/-
(B) Rs. 20,000/-
(C) Rs. 30,000/-
(D) Rs. 40,000/-
(E) Rs. 50,000/-
12. Which of the following is NOT one of the highlights Economic Survey presented in the Lok Sabha for the year 2007-08?
(A) Economy has “moved to higher growth phase”
(B) A trend of acceleration in domestic investment and saving rate is recorded.
(C) Buoyant growth in Govt. revenue.
(D) Indian Economy at market rate of exchange crossed 1 trillion US$ in current fiscal.
(E) Net Foreign direct Investment increased by 350 % .
(A) Economy has “moved to higher growth phase”
(B) A trend of acceleration in domestic investment and saving rate is recorded.
(C) Buoyant growth in Govt. revenue.
(D) Indian Economy at market rate of exchange crossed 1 trillion US$ in current fiscal.
(E) Net Foreign direct Investment increased by 350 % .
13. Which of the following is / are correct about sub prime crisis which was in news recently?
(1) It has reduced the flow of capital coming of Indian Stock Markets.
(2) The sub prime crisis is the major financial crisis whose origin is in the Russia and Brazil. It has adversely affected the economy of Europe and USA.
(3) The crisis started when some people started trading with false Share certificates of major blue chip US companies in the stock markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
ANS ()
(1) It has reduced the flow of capital coming of Indian Stock Markets.
(2) The sub prime crisis is the major financial crisis whose origin is in the Russia and Brazil. It has adversely affected the economy of Europe and USA.
(3) The crisis started when some people started trading with false Share certificates of major blue chip US companies in the stock markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
ANS ()
14. The Prime Minister Gram Sadak Yojana
(PMGSY) has a target to connect all habitations of which of the
following levels with all weather roads by 2008-09?
(A) 1000+
(B) 2000+
(C) 3000+
(D) 4000+
(E) None of these
(A) 1000+
(B) 2000+
(C) 3000+
(D) 4000+
(E) None of these
15. As we all know the value of the
Indian rupee has appreciated in the recent past . The value of the
Rupee is direct dependent on which of the following?
(A) Availability of commodities in the market.
(B) VAT introduced by the Govt. on various commodities.
(C) Size of total Forex Reserve of India currently.
(D) Capital flow in the market during a given period of time.
(E) None of these
(A) Availability of commodities in the market.
(B) VAT introduced by the Govt. on various commodities.
(C) Size of total Forex Reserve of India currently.
(D) Capital flow in the market during a given period of time.
(E) None of these
16. Which of the following banks has taken over the Centurion Bank of Punjab?
(A) ICICI Bank
(B) IDBI Bank
(C) HDFC Bank
(D) AXIS Bank
(E) None of these
(A) ICICI Bank
(B) IDBI Bank
(C) HDFC Bank
(D) AXIS Bank
(E) None of these
17. As per provision made in Bharat
Nirman programme the pace of creation of irrigation facilities is
required to be raised from present level of 1.42 million hectare per
year in such a way so that it can achieve the target level fixed for
the same?
(A) 1.50 million hectares / year
(B) 1.75 million hectares / year
(C) 2.00 million hectares / year
(D) 2.25 million hectares / year
(E) 2.50 million hectares / year
(A) 1.50 million hectares / year
(B) 1.75 million hectares / year
(C) 2.00 million hectares / year
(D) 2.25 million hectares / year
(E) 2.50 million hectares / year
18. Inflation has become major area of
concern in India these days. What measures do the Govt. pf India / RBI
normally take to control the same?
(1) Fixation of Maximum Price of the Commodities
(2) System of Dual prices.
(3) Increased in supply of food grains.
(4) Control on credit and liquidity in market.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2,3 & 4
(E) All 1,2,3 & 4
(1) Fixation of Maximum Price of the Commodities
(2) System of Dual prices.
(3) Increased in supply of food grains.
(4) Control on credit and liquidity in market.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2,3 & 4
(E) All 1,2,3 & 4
19. How much edcation cess is being
levied on all the taxes to support elementary education for the
children of age group of 6-14 years under Sarva Shiksha Abhiyan (SSA)?
(A) 0.50%
(B) 0.75%
(C) 1.00%
(D) 1.5O%
(E) 2.00%
(A) 0.50%
(B) 0.75%
(C) 1.00%
(D) 1.5O%
(E) 2.00%
20. Which of the following is / are correct about various concessions given in the Union Budget for 2008-09?
(1) Five years tax holidays for setting up hospitals in Tier II & Tier III regions for providing health care in rural areas.
(2) Commodities tax transaction to be introduced.
(3) Banking cash transaction tax withdrawn.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2 & 3
(E) All 1,2 & 3
(1) Five years tax holidays for setting up hospitals in Tier II & Tier III regions for providing health care in rural areas.
(2) Commodities tax transaction to be introduced.
(3) Banking cash transaction tax withdrawn.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2 & 3
(E) All 1,2 & 3
21. Which of the following statements reflects the aim (s) Jawaharlal Nehru National Urban Renewal Mission (JNNURM)?
(1) Give focused attention to integrated development of infrastructure in selected cities.
(2) Provide basic services to the urban poors
(3) Scale up civic amenities and provision of utilities in urban areas.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
(1) Give focused attention to integrated development of infrastructure in selected cities.
(2) Provide basic services to the urban poors
(3) Scale up civic amenities and provision of utilities in urban areas.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
22. The Press Freedom Day is observed on which of the following days?
(A) 1st May
(B) 1st June
(C) 3rd May
(D) 3rd June
(E) 10th June
(A) 1st May
(B) 1st June
(C) 3rd May
(D) 3rd June
(E) 10th June
23. As per the decision taken by the
Govt. of India now the National Rural Employment Guarantee Act is
extended to all the districts of India. This means it will now be
applicable to about-
(A) 200 districts
(B) 300 districts
(C) 400 districts
(D) 500 districts
(E) 600 districts
ANS (E)
(A) 200 districts
(B) 300 districts
(C) 400 districts
(D) 500 districts
(E) 600 districts
ANS (E)
24. As per the reports published by the
Ministry of Finance recently the overseas borrowings by the Corporates
and currency fluctuation has gone up by which of the following
percentage points? About -
(A) 1%
(B) 2%
(C) 3%
(D) 4%
(E) 5%
(A) 1%
(B) 2%
(C) 3%
(D) 4%
(E) 5%
25. The Govt. of India and Reserve Bank
of India is planning to set up an autonomous “ATM corporation of India”
in which various banks can get together for common ATM operations. If
this happens how will we all be benefited by the same?
(1) It will be a cost effective measure as each bank can share its operational cost with others.
(2) Clients can withdrawn money from any ATM from any location. They are not required to go to their banks’ ATM only.
(3) It will indirectly help the IT business also as India has a large pool of IT skilled manpower waiting for suitable placement.
(A) Only 1
(B) Only 2
(C) Both 1 & 2
(D) All 1,2 & 3
(E) None of these
(1) It will be a cost effective measure as each bank can share its operational cost with others.
(2) Clients can withdrawn money from any ATM from any location. They are not required to go to their banks’ ATM only.
(3) It will indirectly help the IT business also as India has a large pool of IT skilled manpower waiting for suitable placement.
(A) Only 1
(B) Only 2
(C) Both 1 & 2
(D) All 1,2 & 3
(E) None of these
26. As per the news published in various newspapers the Govt. of India has decided to create a Strategic Reserve of -
(A) Oil & Petroleum
(B) Rasoi Gas
(C) Food grains
(D) Cement & Steel
(E) None of these
(A) Oil & Petroleum
(B) Rasoi Gas
(C) Food grains
(D) Cement & Steel
(E) None of these
27. The Govt. of India had constituted a
high level committee on financial sector reforms with Raghuram G.
Rajan as its Chairman. Which of the following is / are the
recommendations of the committee?
(1) Liberalize the interest rate that banks/institution can charge to ensure credit for poors.
(2) Create an office of the Ombudsman exclusively for financial sector.
(3) Do not allow foreign investors in domestic stock markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
(1) Liberalize the interest rate that banks/institution can charge to ensure credit for poors.
(2) Create an office of the Ombudsman exclusively for financial sector.
(3) Do not allow foreign investors in domestic stock markets.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
28. Yves Leterme has taken over as the prime minister of -
(A) Newzealand
(B) Belgium
(C) Croatia
(D) Portugal
(E) None of these
(A) Newzealand
(B) Belgium
(C) Croatia
(D) Portugal
(E) None of these
29. The State Bank of India recently
opened its 10000th branch in Puduvayal (Tamil Nadu). Only a bank in
China has more branches than State Bank of India in the world. What is
the name of that Chinese bank?
(A) Shanghai Commercial Bank
(B) Bank of China
(C) China Banking Corporation
(D) Industrial and Commercial Bank of China
(E) None of these
(A) Shanghai Commercial Bank
(B) Bank of China
(C) China Banking Corporation
(D) Industrial and Commercial Bank of China
(E) None of these
30. Many a times we read about
‘Globalization’ and its impact on business practice in India. Which of
the following is NOT one of the important parameters of ‘Globalization’?
(1) Reduction of trade barriers to permit free flow of goods and services amongst various nations.
(2) Developing an environment in which free flow of capital can take place.
(3) Promoting local industry to cater to the needs of the consumers in Tier II and Tier III cities. The production from metros should be reserved only for exports.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) Both 2 & 3
(1) Reduction of trade barriers to permit free flow of goods and services amongst various nations.
(2) Developing an environment in which free flow of capital can take place.
(3) Promoting local industry to cater to the needs of the consumers in Tier II and Tier III cities. The production from metros should be reserved only for exports.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) Both 2 & 3
ANSWERS
1 - A 2 - D 3-D 4-E 5-A 6-C 7-B 8-A 9-D 10-B
11-C 12-E 13- 14-A 15-A 16-C 17-D 18-D 19-E
20-E 21-D 22-C 23-E 24-C 25-C 26-C 27-E 28-E
29-D 30-D
11-C 12-E 13- 14-A 15-A 16-C 17-D 18-D 19-E
20-E 21-D 22-C 23-E 24-C 25-C 26-C 27-E 28-E
29-D 30-D
