Question No : 1

Amongst the following sectors, which sectors/segment has shown the highest per cent growth in the current fiscal?

(1) Mining

(2) Manufacturing

(3) Electricity, gas & water supply

(4) Banking and Finance

(5) None of these

Question No : 2

Which one of the following decisions taken by the RBI will promote the concept of financial inclusion in the country?

(1) To appoint some additional entities as business correspondents.

(2) To collect reasonable service charges from the customer in a transparent manner for providing the services.

(3) To ask the banks to open at least 50 new accounts daily in non serviced areas.

(4) Only (1) and (2)

(5) None of these

Question No : 3

Which one of the following is/are implication(s) of large inflow of foreign exchange into the country?

(A) It makes monetary management difficult for RBI.

(B) It creates money supply, asset bubbles and inflation.

(C) It weakens the competitiveness of Indian exports.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (C)

(5) All (A), (B) and (C)

Question No : 4

The process of disinvestment of profitable public sector units will be used for which of the following purposes?

(1) Expansion of existing capacity of PSEs

(2) Modernisation of PSEs

(3) Opening for new PSEs

(4) Meeting the expenditure for various social sector schemes

(5) None of these

Question No : 5

In the proposed low cost pension scheme, which one of the following has been made responsible for maintaining of the records of pension account of an individual?

(1) SIDBI

(2) National Securities Depositories Ltd. (NSDL)

(3) Reserve Bank of India

(4) Stock Holding Corporation of India

(5) None of these

Question No : 6

Constitutionally, which one of the following can levy Service Tax?

(1) Union Govt. only

(2) State Govt. only

(3) Union Territory Govt. only

(4) All of these

(5) None of these

Question No : 7

The Government of India has in 2010 announced its Foreign Trade Policy? This announcement is made by which of the following ministry/agency?

(1) Reserve Bank of India

(2) Ministry of Commerce and Industries

(3) EXIM Bank

(4) Ministry of External Affairs

(5) None of these

Question No : 8

A Committee under the Chairmanship of Sri Naresh Chandra was set up to submit a report on

(1) disinvestment of Centaur Hotel (Mumbai Airport)

(2) role of Auditors and Task they should perform

(3) reopening of disinvestment of oil PSUs

(4) reforms in direct taxation system.

(5) None of these

Question No : 9

Which of the following is TRUE about the adoption of Value Added Tax (VAT) by the State Governments?

(A) State Governments are asked to adopt VAT system from June 2003.

(B) Some State Governments are not in favour of VAT unless 100% compensation is given.

(C) VAT once adopted will phase out the Central Sales Tax.

(1) Only(A)

(2) Only (B)

(3) Only (C)

(4) Only (B) and (C)

(5) Only (A) and (C)

Question No : 10

The 13th December is observed as the ____

(1) Anti-terrorism day

(2) Birth Centenary of Dr. B.R. Ambedkar

(3) Save Mother Earth Day

(4) 50^th death anniversary of Dr. B. R. Ambedkar

(5) Terrorist attack on the Parliament House

Question No : 11

Who amongst the following is the author of the book ‘Letters from India’?

(1) Rob Young

(2) Dominique Hanssens

(3) Nani Palkhiwala

(4) Cleopetra Hanssens

(5) Catherine Young

Question No : 12

Which of the following organisations has imposed a ban on stock brokers who act as insurance brokers?

(1) RBI

(2) SEBI

(3) CII

(4) FICCI

(5) IRDA

Question No : 13

Some big banks and financial companies are planning to launch ‘Vulture Funds’ in India. What would be the effect of this launch on the financial market? (choose the most appropriate alternative amongst the given ones )

(1) These vulture funds will purchase the assets of sick companies and sell them for a profit

(2) The number of NPAs will come down substantially as borrowing will not be so easy

(3) Some provision of the securitization ordinance will have to be scrapped as takeovers etc. of sick units is not the job of banks

(4) Small investors will have another good opportunity to invest in such vulture funds as the returns by them will always be very attractive

(5) None of these

Question No : 14

Some people feel that the Higher Education System in India needs a radical surgery. Which of the following statement of facts supports this?

(A) India has nearly 12000 institutes imparting higher education, large enough to cater the need of the country.

(B) With close to nine million students, India now produces one of the largest number of graduates in the world every year.

(C) A large number of people are engaged in the jobs not at all compatible with their educational qualifications.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) All the three

(5) None of these

Question No : 15

As reported in a section of press, India has good reserves of foreign exchange. Which of the following may get least affected by this situation?

(1) Imports

(2) Market situation in the event of the out break of war

(3) Balance of Payment

(4) Exports

(5) All of these

Question No : 16

The Government of India has declared which of the following rivers a National River?

(1) Narmada

(2) Yamuna

(3) Ganga

(4) Kaveri

(5) Brahmaputra

Question No : 17

Who amongst the following economists gave the concept of “economies of scale”, which says “many goods and services can be produced more cheaply in long series”?

(1) Edward C. Prescott

(2) Amartya Sen

(3) Gary S. Becker

(4) Edmund S. Phelps

(5) Paul Krugman

Question No : 18

Very often we read in newspapers/magazines about “Sovereign Wealth Funds”. Which of the following is/are the correct description of the same?

(A) These are the funds or the reserves of a government or central bank of a country which are invested further to earn profitable returns.

(B) These are the funds, which were accumulated by some people over the years but were not put in active circulation as they retain them as Black Money for several years.

(C) The funds which are created to be used as relief funds or bailouts packages are known as sovereign funds.

(1) Only (B)

(2) Both (B) & (C) only

(3) Only (C)

(4) Only (A)

(5) None of these

Question No : 19

Very often we read about Special Economic Zones (SEZs) in newspapers. What was the purpose of promoting SEZs in India?

(A) They are established to promote exports.

(B) They are established to attract investments from foreign countries.

(C) They are established to help poorest of the doors in India as the activities of these zones are reserved only for poors and those living below poverty line.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) & (B)

(5) None of these

Question No : 20

As per the reports published in newspapers/magazines, India ranks at a lower level in Hunger Index. The Hunger Index is measured on which of the following indicators?

(A) Child Malnutrition

(B) Rate of Child Mortality

(C) Rate of Literacy

(D) No. of people who are calories deficient

(1) Only (A) & (B)

(2) Only (A), (B) and (D)

(3) Only (B) & (C)

(4) All (A) (B), (C) and (D)

(5) None of these