Direction (Qs.1-20): Study the following questions carefully and choose your answer from the given five options.
Question No : 1
The duration of India’s 11th five year plan will be____.
(1) 2006-2011
(2) 2006-2012
(3) 2007-2012
(4) 2008-2013
(5) None of these
Question No : 2
Which of the following organisations/agencies is NOT directly associated with the functioning of the financial sector in India?
(1) NABARD
(2) ECGC
(3) EXIM Bank
(4) IRDA
(5) UGC
Question No : 3
Euro Money is the official currency of ____.
(1) SAFTA
(2) NATO
(3) European Union
(4) OPEC
(5) None of these
Question No : 4
Which of the following statements about the Reserve Bank of India (RBI) is NOT CORRECT?
(A) RBI is called the Banker’s Bank.
(B) RBI announces the Credit and Monetary Policy.
(C) RBI is the custodian of the Foreign Reserves of the country.
(D) Finance Secretary in the Union Government holds the charge of the Governor of the RBI.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Only (D)
(5) Both (C) and (D)
Question No : 5
The Income Tax Assessees are required to have a multi digit alpha numeric number unique to each and every tax payer. The number is known as—
(1) PIN
(2) ATM
(3) VAT
(4) PAN
(5) None of these
Question No : 6
Which of the following terms is normally NOT used in the field of banking and financial transactions?
(1) Liquidity Position
(2) M3 Growth
(3) Repo Rate
(4) SWAP Rates
(5) Cold War
Question No : 7
Rajinder Sachar Committee was setup to report on which of the following?
(1) Godhra event
(2) Socio Economic Status of Muslims in India
(3) Demolition of Babri Masjid
(4) Administrative Reforms
(5) None of these
Question No : 8
Which of the following taxes is the major source of the income of the Union Government (Government of India)?
(1) Fringe Benefit Tax
(2) VAT
(3) Cash Withdrawal Tax
(4) Income Tax
(5) Excise Duty
Question No : 9
Many times we come across a term ‘TDS’ in the banking/financial transactions. What is the full form of the same?
(1) Total Discount Subtracted
(2) Time Duration Sequence
(3) Tax During Service
(4) Tax Due on Services
(5) None of these
Question No : 10
The Headquarters of NABARD is situated in—
(1) Delhi
(2) Mumbai
(3) Lucknow
(4) Kolkata
(5) Bangalore
Question No : 11
Which of the following is NOT the name of a Banking Organization?
(1) HDFC
(2) IDBI
(3) YES
(4) SEBI
(5) HSBC
Question No : 12
Malnutrition among children in India is measured by ___
(1) Calorie intake
(2) Per capita income level of a family
(3) Number of underweight children below one year born without hospital facility
(4) Number of underweight children below 3 years
(5) None of these
Question No : 13
Who amongst the following is a famous Economist?
(1) Arun Shourie
(2) Shashi Tharoor
(3) Amartya Sen
(4) Rupa Bajwa
(5) Habil Khorakiwala
Question No : 14
The President of India is elected for a period of _____
(1) Six years
(2) Five years
(3) Four years
(4) Three years
(5) Five years & Six years
Question No : 15
When a customer opens a Deposit account with the Bank, which one of the following is the status of the Bank?
(1) Debtor
(2) Creditor
(3) Trustee
(4) Beneficiary
(5) None of these
Question No : 16
Which of the following is/ are the component(s) of Gross Domestic Capital Formation (GDCF)?
(A) Gross Domestic savings
(B) Net Capital Inflow
(C) Direct Foreign Investment
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Both (A) and (C)
(5) Both (A) and (B)
Question No : 17
While preparing estimates it is customary to divide the economy into three sectors. Which of the following is/are considered part(s) of these sectors?
(A) The Household sector
(B) Corporate Sector
(C) Government Sector
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Both (A) and (B)
(5) All (A) (B) and (C)
Question No : 18
Which of the following terms is associated with the games of Football?
(1) Scissor Kick
(2) Follow on
(3) Slice
(4) Short Corner
(5) None of these
Question No : 19
Decline in the price of goods and services is technically known as ___
(1) Deflation
(2) Inflating
(3) Negative Growth
(4) Discount Yield
(5) None of these
Question No : 20
The most powerful tool used by the Reserve Bank of India to control inflation is______.
(1) Raise interest rates
(2) Reduce interest rates
(3) Raise Currency Supply
(4) Reduce Currency Supply
(5) Raise interest rates and reduce currency supply