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On which one of the following Head of Expenses the expenses of Govt. of India are highest? a. Food subsidy b. Fertilizer c. Pradhan Mantri Gram Sadak Yojana d. Oil subsidy Which one of the following foreign agencies will assist the municipal agencies to improve quality of municipal schools through its School Excellence Program (SEP)? A. IMF B. UNDP C. UNICEF D ADB Which of the following carries out open market operations? A. Finance Ministry B. External affairs ministry C. Reserve Bank of India D. Planning commission Under provisions of which one of the following acts, the RBI issues directives to the Banks in India? A. RBI act B. Banking regulation act C. Essential commodities act D. Both A & B Which one of the following tools is issued by RBI for selective credit control? A. It advises banks to lend against certain commodities B. It advises banks to recall the loans for advances against certain commodities C. It advises banks to charge higher rate of interest for advances against certain commodities D. It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable 6. For which one of the following loan products teaser loans are offered by banks? A. Educational Loans B. Consumer loans C. Loans against security of gold D. Home loans 7. Which one of the following may be the consequence of buying forex in the market by RBI?
A. It leads to inflation B. It leads to control over inflation C. It does not affect inflation D. It results into deflation 8. Under provisions of which one of the following acts, RBI has the power to regulate, supervise & control the banking sector? A. RBI act B. Banking regulation act C. Negotiable instruments act D. Both A & B 9. The regulator of the Banking system in India is: A. AMFI B. Finance Minister C. SEBI D. RBI 10. Ten rupee notes contain the signature of: C. Governor RBI A. Finance secretary, GOI B. Chairman SBI
11. Loan against the security of immovable property is by executing an arrangement of: A. Assignment 12. Credit rating: A. is issued to rate the borrowers while giving advances B. is issued to work out the performance of the employees C. is issued to calculate the number of excellent audit rated branches D. is not used in any bank 13. In corporate hedging, which one of the following types of risks can be covered? A. Liquidity risks B. Currency risks C. Credit risks 14. Bank of Rajasthan is now merged with: A. AXIS Bank B. IDBI Bank C. ICICI Bank D. HDFC Bank D. Transaction risks B. Pledge C. Transfer D. Mortgage
15. As per GDP figures on calendar year basis, according to World Bank, which one of the following economies will have highest GDP in the year 2012?
16. What is the IFRS as used in corporate / finance sector? A. Indian Financial Reconciliation Standards B. Interpretation & Formal Reporting System C. International Financial Reporting Standards D. International Financial Reporting System 17. As per the new guidelines issued by SEBI, companies are required to list shares within how many days of the closure of the Initial Public Offers (IPOs)? A. 60 days 18. RTGS stands for: A. Real Time Gross Settlements B. Reduced time Gross Settlements B. 12 days C. 30 days D. 45 days
C. Relative time Gross Settlements D. Real Total Gross Securities 19. Which period was observed as a plan holiday in our country? A. 1965-68 B. 1966-69 C. 1968-71 D. 1969-72
20. A rising per capita income will indicate a better welfare if it is accompanied by: A. Unchanged income distribution overall B. Changed income distribution overall
C. Changed income distribution in favour of poor D. Changed income distribution in favour of industrial labour 21. Indirect taxes by nature are: A. Digressive B. Regressive C. Progressive D. Proportional
22. Which one of the following is an example of optional money? A. Currency note B. Coins C. Cheque D. Bond
23. Special economic Zones (SEZ) concept was first introduced in: A. China B. Japan C. India D. Pakistan
24. Who was the chairman of thirteenth finance commission? A. Dr. Vijay L Kelkar B. Dr. C Rangarajan C. Prof. A M Khusro D. Dr D Subbarao 25. Recently CVC has launched the first newsletter named as: A. Zero tolerance B. Vigeye Vani C. Mukt samaj D. Nagarik
26. Devaluation usually causes the internal prices to: A. Fall B. Rise C. Remain unchanged D. None of the above
27. The GDP growth rate of India for the financial year 2010-11 was: A. 9% B. 8.4% C. 9.5% D. 8%
28. TRIPS (Trade Related aspects of Intellectual Property Rights) agreement is administered by:
29. The Bombay Plan drafted by G D Birla & G R D Tata emphasised: A. That the economy should be left to the dynamic investments by the private sector in heavy industries etc. B. The public sector investments in infrastructure & heavy industries C. Annual planning bill for intensive and lower return investments in the industrial sector 30. Which of the following stock exchanges is the largest in terms of daily trade volume? A. FTSE B. HANG SENG C. NIKKEI D. NSE D. that the private sector should foot the
31. When was the world statistics day first celebrated? A. 20 Oct 2010
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B. 20 Oct 2009
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C. 20 Oct 2008
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D. 20 Nov 2009
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32. Which one of the following is not correct concerning direct taxes code bill 2010? A. It replaces both Income tax act 1961 & Wealth tax act 1957 with a single legislation B. It obviates the need for an Annual Finance Bill, if no change in the tax rate is proposed C. It seeks to phase out profit linked tax incentives and replacing them by investment-linked incentives D. It does not provide for taxation of non-profit Organisations 33. Arrange the following sectors in the descending order in terms of the allocation under central plan outlay in 2012-13 Minerals 2. Social Services 3. Transport 4. Energy) A. 2-3-4-1 B. 2-3-1-4 C. 2-4-3-1 D. 2-4-1-3 (1. Industry &
34. Which defence PSU of India has supplied critical equipment (Identification friend or foe interrogator) to US aerospace major Boeing for the Indian Navys P-8i maritime patrol aircraft that will help it identify friendly and enemy planes and forces? A. Bharat Dynamics Ltd B. Bharat Earth Movers Ltd (BEML) C. Bharat Electronics Ltd (BEL) D. HAL
35. Consider the following statements about RESIDEX: 1 RESIDEX was first launched in 2007 by the National Housing Bank (NHB) to provide an index of residential prices in India across cities and overtime 2. RESIDEX has been expanded to ten more cities now Which is / are correct A. 1 only B 2 only C. Both 1 & 2 D. Neither 1 nor 2
36. Which committees / task force are not correctly matched? 1. U C Sarangi committee: Credit to Micro Finance Institutions 2. V K Sharma committee: Kisan credit 3. T K A Nair committee: Micro, Small and Medium Enterprises Choose the right combination: A. 1 & 2 B. 2 & 3 C. 1 & 3 D. All of the above
38. Consider the following statements concerning Goods and Services tax Bill 2010. 1. It provides for creation of a GST councilto be headed by the Prime Minister 2. The bill proposes a GST Dispute Settlement Authority to deal with grievances of the states with regard to GST Which is are correct? A. 1 only B. 2 only C. Both 1 & 2 D. Neither 1 nor 2
39. Assertion ( A ): In 2009-10 the ratios of direct tax and indirect tax to total tax revenue were 58.6 % and 39.5 % respectively Reason ( R ) : Increase in the levels of income has resulted in widening of tax bracket A. Both A ) and ( R ) are true but ( R ) is the correct explanation for ( A ) B. Both A ) and ( R ) are true but ( R ) is not the correct explanation for ( A ) C. ( A ) is true but ( R ) is false D. ( A ) is false but ( R ) is true 40. After the agreement on IMF reforms reached at G-20 Finance Ministers meet in Guargihou, Indias quota share in the IMF is set to increase from the present 2.44 % to: A. 2.6% B. 2.75% C. 2.8% D. 2.65%
41. After the divesting of its stake in NABARD, the only financial institution in which RBI has majority shareholding is: A. SIDBI B. NHB C. SBI D. DFHI (Discount and Finance House of India)
42. Which are the two states which are soon to have Indias first domestic emission trading scheme? A. Kerala and Tamil Nadu B. Maharashtra and Tamil Nadu D. Gujarat and Tamil Nadu 43. RBI has mooted for introduction of plastic currency notes. In this context which country has the largest circulation of plastic currency in the world? A. New Zealand B. Australia C. Canada D. France C. Maharashtra and Gujarat
44. National Innovation Commission (NIC), a body to promote new ideas for inclusive development, has announced setting up of a fund with an initial corpus of Rs. .. Croresto encourage innovation A. 200 B. 250 C. 500 D. 1000
45. Consider the following statements about new series of CPI numbers: 1. It has been complied by CSO for urban, rural and combined (rural + urban) CPI at state / UT / all India level with increased scope and coverage. 2. The consumption patterns have been derived from the results of the National Sample Surveys (NSS) 61 round of Consumer Expenditure Survey (2004-05) Which is / are correct?
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46. In the tax misery index for Asia, brought out by the Forbes magazine, India has been placed at which position? A. 21
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B. 22
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C. 23
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D. 25
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47. What is lean manufacturing scheme? A. This scheme will help micro, small & Medium enterprises (MSME) to enhance its manufacturing competitiveness both in global and domestic market B. It is a scheme for micro, small &medium enterprises (MSME) to discourage import of the capital goodsC. It is a scheme to increase the employment in the MSME sector in the next 10 years D. None of the above 48. What is the GDP growth rate of India for the year 2011-12? A. 8% B. 8.5% C. 6.5% D. 7.5%
49. The countrys first special economic zone (SEZ) dedicated to the aerospace industry was recently launched at: A. Hallargi B. West Midnapur C. Mangalore D. Thiruvananthapuram
50. Fiscal Drag expresses relationship between: A. Inflation and tax revenues under progressive taxation D. Progressive taxation and tax burden 51. The proposed all India goods and service taxes (GST) shall subsume (include, Incorporate): A VAT B. CENVAT C. Central sales tax D. Service tax B. Tax rates and tax revenues C. Inflation and tax rates
52. Liquidity Adjustment Facility (LAF) of the RBI includes use of : 1. Repo and Reverse repo ratio 2. Selective control 3. Market stabilisation 4. Statutory Liquidity Ratio
Select the correct answer from the codes given below: A. Only 1 B. 1 & 3 only C. All D. 1 & 4
53. Consider the following the statements about the Financial Action Task Force (FATF): 1. It is an intergovernmental body that devices the policies to combat money laundering and terrorist financing. 2. The FATF has a tightly defined constitution 4. There are currently 36 members of FATF Choose the correct answer: A. Only 1 & 4 B. 1,2 & 4 C. 1,3 & 4 D. All of the above 3. India is a full time member of FATF
54. The base rate of commercial banks is determined by: A. RBI B. Ministry of finance C. Market forces and cost of banks D. Indian Bankers Association
55. Consider the following regarding rural infrastructure development fund (RIDF) 1. The GOI has set up the RIDF in 1995 through contribution from commercial banks to the extent of their shortfall in Priority Sector lending. 2. The fund has continued with its corpus being announced every year in the budget
56. Consider the following: 1. India is the largest producer of milk in the world 2. The livestock and fisheries sector contributes over 4 % of the GDP present India is the third largest fertilizer producing country in the world Choose the right answer: A. Only 1 & 2 B. Only 1 & 3 C. Only 1 D. 1 , 2 & 3 3. At
57. What is the objective of Traditional Knowledge Digital Library (TKDL) A. Making ancient knowledge and wisdom of Indian civilisation available on line. B. Digitalising old books and rare manuscripts that are no longer published. C. Using traditional knowledge in finding selections to property and development problems D. Prevent the wrongful grant of patents at the international patent offices 58. Which of the following becomes the first tax heaven to sign Tax Information Exchange of Information on criminal tax matters with the Indian Government? A. British Virgin Islands 59. Consider the following: 1. To minimise the financial burden on the Public sector enterprises the govt. started Golden hand Shake Scheme 2. Golden Triangle under consideration to encourage tourism at Chennai, Bangalore and Thiruvantapuram on the lines of Delhi, Agra and Jaipur Choose the correct answer: A. Only 1 B. Only 2 C. Both 1 & 2 D. Neither 1 nor 2 B. Bermuda C. Bahamas D. Cayman Islands
60. South African Customs Union includes which of the following countries? 1. South Africa 2. Lesotho 3. Swaziland 4. Botswana 5. Namibia
Choose the correct answer: A. 1, 2, 3 and 4 B. 1,2,4 and 5 C. 1, 4, and 5 D. All the above
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25. Which among the following substances is used as a lubricant? (A) Quartz (B) Silica (C) Graphite (D) Nickel Ans : (C) 26. The weight of an object will be minimum when it is placed at (A) The North Pole (B) The South Pole (C) The Equator (D) The center of the Earth Ans : (D) 27. Earth quake waves travel fastest in (A) Soil (B) Molten rock (C) Water (D) Flexible rock Ans : (C) 28. The angle between the geographical meridian and magnetic meridian is called (A) Angle of dip (B) Angle of declination (C) Angle of inclination (D) None of the above Ans : (B) 29. What is the currency of Mexico? (A) Lira (B) Peso (C) Mexican dollars (D) Krones Ans : (B)
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34. Who is the CEO of Microsoft? (A) Bill Gates (B) Paul Allen (C) Larry Ellison (D) Steve Ballmer Ans : (D) 35. One of the following is not an Insurance Company (A) ICICI Prudential (B) HDFC Natwest (C) OM Kotak Mahindra (D) Birla Sun Life Ans : (B)
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