1. The provisions of SARFAESI Act, 2002 can be applied while taking possession of goods ............ to the bank and selling them without intervention of the court and after observing the required formalities :
1) Pledged
2) Hypothecated
3) Assigned
4) Mortgaged
5) None
2. RBI performs diverse functions of the monetary and banking system. Select the incorrect one.
1) Supervision
2) Control
3) Development
4) Transacting banking business with the general public
5) None of these
3. As per the reports published by the International Monetary Fund (IMF) the developing economies across the world are holding a massive stockpile of foreign exchange reserves. Which of the following is/ are the resultant consequences of this type of stock pilings by various nations?
A) A trade imbalance (vast difference in value of imports/ exports) is generated between the developing and emerging economies and the rich countries. It is not, a healthy sign.
B) Many economists are of the opinion that these imbalances created the underpinning of the current global economic crisis.
C) This stockpiling is responsible not only for problems in trade balances but has also created a problem of money laundering.
1) Only A
2) Only B
3) Only C
4) Only A and B
5) All A, B and C
4. The Government of India has set up a special group to devise a long term pricing formula, so that it can cope with the prevailing global volatility in the prices of which of the following commodities?
1) Sugar
2) Paddy
3) Crude oil and petroleum
4) Gold
5) Pulses
5. Which of the following is not included in the core sectors of Indian economy?
1) Transport
2) Coal
3) Steel
4) Cement
5) Electricity
6. As we all know India has a three tier structure of tax administration. There are taxes levied by Central Government, State Governments and Local Governments. ....... is levied by the Local Government Bodies.
1) Value Added Tax
2) Coal tax
3) Service Tax
4) Land Revenue
5) Tax on water supply and drainage etc
7. RBI was instrumental in promoting some financial institutions and providing them with continuous flow of credit. Which of the following was not benefited?
1) NABARD
2) IDBI
3) SIDBI
4) HDFC
5) None of these
8. The Basel II Accord provides a spectrum of approaches from simple to advanced methodologies for the measurement of both .... and .... in determining capital levels.
1) credit risk, operational risk
2) currency risk, forex risk
3) regulatory, reputational risk
4) only (1) and (2)
5) None of these
9. Many times we see a term ‘PPP' in financial newspapers. One full form of it is "Private Public Partnership". What is an other version of the same also used in the financial world?
1) Perfect, Preferred and Protected
2) Point to Point Protocol
3) Power Point Presentation
4) Purchasing Power Parity
5) None
10. Who among the following is a famous Badminton Player?
1) Mary Kom
2) Saina Nehwal
3) Anjali Bhagwat
4) Sania Mirza
5) Mithali Raj
11. Which of the following is one of the most successful programmes under Bharat Nirman?
1) Pradhan Mantri Gram Sadak Yojana
2) Watershed Development
3) Rajiv Gandhi Grameen Vidyutikaran Yojana
4) Indira Awas Yojana
5) None of these
12. As we all know Mobile Banking is comparatively a new mode of banking all over the world. What is its status in India?
(A) The willingness to conduct banking through mobile devices is higher in India.
(B) About 4% of total m.com mere transactions have taken place in the first few months of the current fiscal year in India.
(C) Since RBI's permission is needed for offering mobile banking only two private banks are providing this service at present.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
13. Which of the following is / are true about the Pradhan Mantri Adarsh Gram Yojana (PMAGY) to be launched soon?
A) The scheme will be launched in one village of each district in Uttar Pradesh, Bihar and Rajasthan as a pilot project.
B) The scheme is only for villages where the 50 percent population is of Scheduled Castes.
C) An amount of Rs.1,00,000 crore is provided for the scheme out of which 50% will come as grant-in-aid from the UNO.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
14. The number of self help group members, to be financed by Urban Cooperative Banks, is within a range of:
1) 5 to 10 persons
2) 4 to 10 persons
3) 10 to 20 persons
4) 10 to 25 persons
5) None of these
15. Many times we hear about the "Banking Ombudsman", what is / are the major roles of same?
(A) Banking Ombudsman is a quasi judicial authority having powers to summon, the banks and the customers both in case of dispute.
(B) The banking Ombudsman are appointed by the President of India and are retired judges of the High or Supreme Courts.
(C) The decisions / judgments given by the banking Ombudsman cannot be taken to any court of justice as their decisions are last in case of bank related problems / disputes.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
16. Who amongst the following is the Union Home Minister at present?
1) Smriti Irani
2) Venkaiah Naidu
3) P. Chidambaram
4) Arun Jaitley
5) Rajnath Singh
17. As per RBI guidelines the operating framework for tracking frauds and dealing with them should be structured along the following tracks:
A) Detection and reporting of frauds
B) Corrective Action
C) Preventive and punitive action
D) Provision for capital punishment for the offenders.
1) Only (A), (B) and (C)
2) Only (B) and (C)
3) Only (A) and (C)
4) All of the above
5) None of these
18. The Reliance Power (R-Power) is working on four Hydropower projects in Arunachal Pradesh which are "Run-of-River" (R-O-R) type of projects. What is the main characteristic of ROR projects?
1) These projects are developed only in hilly areas. They can't be developed on plains
2) In these projects there is no need of storing the water in dams which is very costly.
3) In ROR projects the only requirement is to make a big reservoir and turn the flow of river in the direction in which we need it
4) ROR projects are three to four time costlier as compared to old patterned dam type of projects.
5) None of these
19. Which of the following countries is planning to launch its first Mars probe in near future?
1) China
2) Japan
3) India
4) Russia
5) USA
20. India recently inducted Airborne Warning And Control System (AWACS) platforms in its Air force. These sophisticated machines are supplied by which of the following countries?
1) Australia
2) Germany
3) Israel
4) Russia
5) USA
21. Which of the following pairs of countries are the signatories of a Gas pipeline deal christened as Peace Pipeline ?
1) Iran-Iraq
2) Iraq-UAE
3) Pakistan-Iraq
4) Pakistan-Iran
5) Pakistan-India
22. Famous Bhakra Nangal Dam is built on which of the following rivers?
1) Ganga
2) Narmada
3) Godavari
4) Krishna
5) Sutlej
23. According to the Census of India 2011, the most densely populated state among the following is
1) Uttar Pradesh
2) Bihar
3) West Bengal
4) Madhya Pradesh
5) None of these
24. With which of the following games 'Merdeka Cup' is associated?
1) Hockey
2) Golf
3) Football
4) Badminton
5) Lawn Tennis
25. Which of the following state governments, decided to have a ‘Mahila Court’ in every district of the state?
1) Tamilnadu
2) Andhra Pradesh
3) Karnataka
4) Delhi
5) Uttar Pradesh
26. Who amongst the following is the author of the book "Faith and Compassion"?
1) Arun Gandhi
2) Kuldeep Nayyar
3) Amit Chaudhury
4) Navin Chawla
5) None of these
27. Pankaj Advani has become the world's professional champion player of
1) Badminton
2) Tennis
3) Golf
4) Chess
5) None of these
28. We hear a term "Carbon Foot Print" these days very frequently. What does it indicate?
(A) The amount of carbon dioxide released in the atmosphere every day by an electronic gadget / organization or even by an individual.
(B) The quantity of CO2 released when one ton of air recycled by an Air conditioner, during every hour of its functioning.
(C) The quantity of all green house gases put together required to maintain the temperature of the environment at a fixed level of 30°C at nodal points in a country.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
29. The letter ‘D’ stands for which of the following in the abbreviated name OECD? (Organisation of Economic Cooperation and ...... )
1) Defence
2) Direction
3) Dominance
4) Development
5) Devaluation
30. Which of the following books is NOT written by Doris Lessing?
1) The Golden Note Book
2) Memoirs of a Survivor
3) The City of Joy
4) The Summer Before the Dark
5) The Fifth Child
31. Which book is written by Dr.A.P.J. Abdul Kalam?
1) India My Dream
2) My Presidential Years
3) My Story
4) Sunny Days
5) Discovery of India
32. Who among the following is the Minister of External Affairs in India at present?
1) Dr. Murali Manohar Joshi
2) Arun Jaitley
3) Nitin Gadkari
4) Ashok Gajapathi Raju
5) Sushma Swaraj
33. Which scheme launched by the Govt. of India allows the poor open bank accounts which will come with the facility of a debit card and an insurance cover of Rs.1 lakh?
1) Swabhimaan
2) Swavalamban
3) Saral
4) Sahaj
5) Jan Dhan Yojana
34. Which of the following is the name of a country?
1) Kwanza
2) Chad
3) Krone
4) Ruble
5) Rula
35. Which of the following terms is NOT used in the game of cricket?
1) Short Leg
2) Silly Point
3) Follow on
4) Leg Before Wicket
5) Gambit
36. Which of the following is the Capital of Manipur?
1) Kohima
2) Imphal
3) Guwahati
4) Shillong
5) Puri
37. Which of the following is NOT a direct tax?
1) Income Tax
2) Sales Tax
3) Value Added Tax
4) Excise Duty
5) Education Cess
38. What is Repo Rate at present?
1) 7%
2) 7.5%
3) 8%
4) 8.5%
5) None of these
39. Which of the following is a vegetable?
1) Maize
2) Castor
3) Groundnut
4) Spinach
5) Sweet Lime
40. The World Environment Day is observed on .........
1) 5th November
2) 5th June
3) 15th August
4) 25th December
5) 12th December
ANSWERS:
1-2, 2-4, 3-5, 4-3, 5-1, 6-5, 7-4, 8-1, 9-4, 10-2,
11-1, 12-2, 13-2, 14-3, 15-1, 16-5, 17-1, 18-1, 19-3, 20-3
21-4, 22-5, 23-2, 24-3, 25-4, 26-4, 27-3, 28-3, 29-4, 30-3
31-1, 32-5, 33-5, 34-2, 35-5, 36-2, 37-2, 38-3, 39-4, 40-2
1) Pledged
2) Hypothecated
3) Assigned
4) Mortgaged
5) None
2. RBI performs diverse functions of the monetary and banking system. Select the incorrect one.
1) Supervision
2) Control
3) Development
4) Transacting banking business with the general public
5) None of these
3. As per the reports published by the International Monetary Fund (IMF) the developing economies across the world are holding a massive stockpile of foreign exchange reserves. Which of the following is/ are the resultant consequences of this type of stock pilings by various nations?
A) A trade imbalance (vast difference in value of imports/ exports) is generated between the developing and emerging economies and the rich countries. It is not, a healthy sign.
B) Many economists are of the opinion that these imbalances created the underpinning of the current global economic crisis.
C) This stockpiling is responsible not only for problems in trade balances but has also created a problem of money laundering.
1) Only A
2) Only B
3) Only C
4) Only A and B
5) All A, B and C
4. The Government of India has set up a special group to devise a long term pricing formula, so that it can cope with the prevailing global volatility in the prices of which of the following commodities?
1) Sugar
2) Paddy
3) Crude oil and petroleum
4) Gold
5) Pulses
5. Which of the following is not included in the core sectors of Indian economy?
1) Transport
2) Coal
3) Steel
4) Cement
5) Electricity
6. As we all know India has a three tier structure of tax administration. There are taxes levied by Central Government, State Governments and Local Governments. ....... is levied by the Local Government Bodies.
1) Value Added Tax
2) Coal tax
3) Service Tax
4) Land Revenue
5) Tax on water supply and drainage etc
7. RBI was instrumental in promoting some financial institutions and providing them with continuous flow of credit. Which of the following was not benefited?
1) NABARD
2) IDBI
3) SIDBI
4) HDFC
5) None of these
8. The Basel II Accord provides a spectrum of approaches from simple to advanced methodologies for the measurement of both .... and .... in determining capital levels.
1) credit risk, operational risk
2) currency risk, forex risk
3) regulatory, reputational risk
4) only (1) and (2)
5) None of these
9. Many times we see a term ‘PPP' in financial newspapers. One full form of it is "Private Public Partnership". What is an other version of the same also used in the financial world?
1) Perfect, Preferred and Protected
2) Point to Point Protocol
3) Power Point Presentation
4) Purchasing Power Parity
5) None
10. Who among the following is a famous Badminton Player?
1) Mary Kom
2) Saina Nehwal
3) Anjali Bhagwat
4) Sania Mirza
5) Mithali Raj
11. Which of the following is one of the most successful programmes under Bharat Nirman?
1) Pradhan Mantri Gram Sadak Yojana
2) Watershed Development
3) Rajiv Gandhi Grameen Vidyutikaran Yojana
4) Indira Awas Yojana
5) None of these
12. As we all know Mobile Banking is comparatively a new mode of banking all over the world. What is its status in India?
(A) The willingness to conduct banking through mobile devices is higher in India.
(B) About 4% of total m.com mere transactions have taken place in the first few months of the current fiscal year in India.
(C) Since RBI's permission is needed for offering mobile banking only two private banks are providing this service at present.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
13. Which of the following is / are true about the Pradhan Mantri Adarsh Gram Yojana (PMAGY) to be launched soon?
A) The scheme will be launched in one village of each district in Uttar Pradesh, Bihar and Rajasthan as a pilot project.
B) The scheme is only for villages where the 50 percent population is of Scheduled Castes.
C) An amount of Rs.1,00,000 crore is provided for the scheme out of which 50% will come as grant-in-aid from the UNO.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
14. The number of self help group members, to be financed by Urban Cooperative Banks, is within a range of:
1) 5 to 10 persons
2) 4 to 10 persons
3) 10 to 20 persons
4) 10 to 25 persons
5) None of these
15. Many times we hear about the "Banking Ombudsman", what is / are the major roles of same?
(A) Banking Ombudsman is a quasi judicial authority having powers to summon, the banks and the customers both in case of dispute.
(B) The banking Ombudsman are appointed by the President of India and are retired judges of the High or Supreme Courts.
(C) The decisions / judgments given by the banking Ombudsman cannot be taken to any court of justice as their decisions are last in case of bank related problems / disputes.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
16. Who amongst the following is the Union Home Minister at present?
1) Smriti Irani
2) Venkaiah Naidu
3) P. Chidambaram
4) Arun Jaitley
5) Rajnath Singh
17. As per RBI guidelines the operating framework for tracking frauds and dealing with them should be structured along the following tracks:
A) Detection and reporting of frauds
B) Corrective Action
C) Preventive and punitive action
D) Provision for capital punishment for the offenders.
1) Only (A), (B) and (C)
2) Only (B) and (C)
3) Only (A) and (C)
4) All of the above
5) None of these
18. The Reliance Power (R-Power) is working on four Hydropower projects in Arunachal Pradesh which are "Run-of-River" (R-O-R) type of projects. What is the main characteristic of ROR projects?
1) These projects are developed only in hilly areas. They can't be developed on plains
2) In these projects there is no need of storing the water in dams which is very costly.
3) In ROR projects the only requirement is to make a big reservoir and turn the flow of river in the direction in which we need it
4) ROR projects are three to four time costlier as compared to old patterned dam type of projects.
5) None of these
19. Which of the following countries is planning to launch its first Mars probe in near future?
1) China
2) Japan
3) India
4) Russia
5) USA
20. India recently inducted Airborne Warning And Control System (AWACS) platforms in its Air force. These sophisticated machines are supplied by which of the following countries?
1) Australia
2) Germany
3) Israel
4) Russia
5) USA
21. Which of the following pairs of countries are the signatories of a Gas pipeline deal christened as Peace Pipeline ?
1) Iran-Iraq
2) Iraq-UAE
3) Pakistan-Iraq
4) Pakistan-Iran
5) Pakistan-India
22. Famous Bhakra Nangal Dam is built on which of the following rivers?
1) Ganga
2) Narmada
3) Godavari
4) Krishna
5) Sutlej
23. According to the Census of India 2011, the most densely populated state among the following is
1) Uttar Pradesh
2) Bihar
3) West Bengal
4) Madhya Pradesh
5) None of these
24. With which of the following games 'Merdeka Cup' is associated?
1) Hockey
2) Golf
3) Football
4) Badminton
5) Lawn Tennis
25. Which of the following state governments, decided to have a ‘Mahila Court’ in every district of the state?
1) Tamilnadu
2) Andhra Pradesh
3) Karnataka
4) Delhi
5) Uttar Pradesh
26. Who amongst the following is the author of the book "Faith and Compassion"?
1) Arun Gandhi
2) Kuldeep Nayyar
3) Amit Chaudhury
4) Navin Chawla
5) None of these
27. Pankaj Advani has become the world's professional champion player of
1) Badminton
2) Tennis
3) Golf
4) Chess
5) None of these
28. We hear a term "Carbon Foot Print" these days very frequently. What does it indicate?
(A) The amount of carbon dioxide released in the atmosphere every day by an electronic gadget / organization or even by an individual.
(B) The quantity of CO2 released when one ton of air recycled by an Air conditioner, during every hour of its functioning.
(C) The quantity of all green house gases put together required to maintain the temperature of the environment at a fixed level of 30°C at nodal points in a country.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these
29. The letter ‘D’ stands for which of the following in the abbreviated name OECD? (Organisation of Economic Cooperation and ...... )
1) Defence
2) Direction
3) Dominance
4) Development
5) Devaluation
30. Which of the following books is NOT written by Doris Lessing?
1) The Golden Note Book
2) Memoirs of a Survivor
3) The City of Joy
4) The Summer Before the Dark
5) The Fifth Child
31. Which book is written by Dr.A.P.J. Abdul Kalam?
1) India My Dream
2) My Presidential Years
3) My Story
4) Sunny Days
5) Discovery of India
32. Who among the following is the Minister of External Affairs in India at present?
1) Dr. Murali Manohar Joshi
2) Arun Jaitley
3) Nitin Gadkari
4) Ashok Gajapathi Raju
5) Sushma Swaraj
33. Which scheme launched by the Govt. of India allows the poor open bank accounts which will come with the facility of a debit card and an insurance cover of Rs.1 lakh?
1) Swabhimaan
2) Swavalamban
3) Saral
4) Sahaj
5) Jan Dhan Yojana
34. Which of the following is the name of a country?
1) Kwanza
2) Chad
3) Krone
4) Ruble
5) Rula
35. Which of the following terms is NOT used in the game of cricket?
1) Short Leg
2) Silly Point
3) Follow on
4) Leg Before Wicket
5) Gambit
36. Which of the following is the Capital of Manipur?
1) Kohima
2) Imphal
3) Guwahati
4) Shillong
5) Puri
37. Which of the following is NOT a direct tax?
1) Income Tax
2) Sales Tax
3) Value Added Tax
4) Excise Duty
5) Education Cess
38. What is Repo Rate at present?
1) 7%
2) 7.5%
3) 8%
4) 8.5%
5) None of these
39. Which of the following is a vegetable?
1) Maize
2) Castor
3) Groundnut
4) Spinach
5) Sweet Lime
40. The World Environment Day is observed on .........
1) 5th November
2) 5th June
3) 15th August
4) 25th December
5) 12th December
ANSWERS:
1-2, 2-4, 3-5, 4-3, 5-1, 6-5, 7-4, 8-1, 9-4, 10-2,
11-1, 12-2, 13-2, 14-3, 15-1, 16-5, 17-1, 18-1, 19-3, 20-3
21-4, 22-5, 23-2, 24-3, 25-4, 26-4, 27-3, 28-3, 29-4, 30-3
31-1, 32-5, 33-5, 34-2, 35-5, 36-2, 37-2, 38-3, 39-4, 40-2
