Direction (Qs.1-20): Read the following questions carefully and choose your answer from the given five options.
Question No : 1
If you wish to purchase some U.S. Dollars for your travel abroad, you should approach____
(1) The Ministry of Finance
(2) Any Bank Branch authorised to do such activity
(3) The Reserve Bank of India
(4) External Affairs Ministry
(5) The U.S. Embassy
Question No : 2
Which of the following organisations/ agencies has prepared a report which says that half of the world population is NOT getting enough food and is food insecure?
(1) Asian Development Bank
(2) International Labour Organisation
(3) UNO
(4) World Trade Organisation
(5) None of these
Question No : 3
In India the Inflation is calculated on the basis of the following indexes?
(1) Wholesale Price Index (WPI)
(2) Sensitive Index of Bombay Stock Exchange (Sensex)
(3) Consumer Price Index (CPI)
(4) Cash Reserve Ratio
(5) None of these
Question No : 4
The proceeds from the disinvestment of Government’s stake in various public sector units are pooled in which of the following funds?
(1) Consolidated Fund of India
(2) Contingency Fund of the Government of India
(3) National Investment Fund
(4) Pradhan Mantri Rahat Kosh
(5) None of these
Question No : 5
Which of the following is NOT the name of any fertilizer used for agricultural purposes?
(1) Urea
(2) DAP
(3) MOP
(4) SSP
(5) NPDP
Question No : 6
Which of the following is/are the goals of the Bharat Nirman Programme launched by the Government of India?
(A) To bring an additional one crore hectares of land under assured irrigation.
(B) To provide road connectivity to all the villages having a population of 1000.
(C) To construct at least 1 crore additional houses to accommodate urban poors so that slums are cleared from all the four metropolitan cities by 2012.
(1) Only (A)
(2) Only (B)
(3) Only (C
(4) Both (A) and (B)
(5) None of these
Question No : 7
Which of the following cannot be called as a main source of Tax Revenue of the Union Government?
(1) Excise Duty
(2) Custom Duty
(3) Service Tax
(4) Income Tax
(5) Employment tax
Question No : 8
Banks in their daily business face various kinds of risks. Which of the following is one such major risk?
(1) Customer risk
(2) Reputation
(3) goodwill risk
(4) Protection risk
(5) Operational risk
Question No : 9
Which of the following days is observed as ‘International Family Day’?
(1) 25th August
(2) 15th April
(3) 5th June
(4) 15th May
(5) None of these
Question No : 10
Who amongst the following has made a suggestion that marriage laws be amended to make HIV/AIDS as a ground for divorce? (The Union Government has asked states to give their views on the recommendation).
(1) Indian Medical Association
(2) Ministry of Labour & Social Welfare
(3) The Bar Council of India
(4) National Commission for Women
(5) WHO
Question No : 11
‘OPEC’ is the Organisation of
(1) the countries producing electronic goods
(2) the countries exporting paper and newsprint
(3) the countries producing ornaments and gems
(4) the countries exporting petroleum products
(5) None of these
Question No : 12
The Govt. of India established a fund known as National Investment Fund (NIF). Which of the following statement(s) is/are true in this regard?
(A) This fund is generated through the money received from the sale of equity in State run companies.
(B) The fund will help in revival of sick units of the public sector companies of the Govt. of India.
(C) The money deposited in the fund will be used for social welfare schemes.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 13
We very often come across a term ‘G-Securities’ in the financial world. What is ‘G’ in G-Securities?
(1) General
(2) Group
(3) Genuine
(4) Government
(5) None of these
Question No : 14
Which of the following taxes is collected by the Govt. on sale of goods and services in the country?
(1) NAT
(2) GET
(3) SAT
(4) VAT
(5) None of these
Question No : 15
Which of the following acts helps a bank in its day to day activities?
(1) Competition Act
(2) Negotiable Instruments Act
(3) Hindu Marriage Act
(4) NRI Act
(5) None of these
Question No : 16
Dinar is the currency of which of the following countries?
(1) Sudan
(2) Myanmar
(3) Afghanistan
(4) Pakistan
(5) None of these
Question No : 17
Lot of discussion is going on these days on the issue of ‘Participatory Note’ (P Notes) used in financial sector/money market. What is Participatory Note? [Pick up the correct statement(s)]
(A) It is nothing but another name of the banking operation by which banks exchanges Indian Rupees into US Dollars without depositing a single rupee in the account of the party who are NRIs. The entire operation is carried out by the banks solely on the basis of the credit and goodwill of the NRI party.
(B) It is an offshore derivative instrument used by overseas buyers/investors who buy shares of Indian companies listed in Indian Stock Exchanges anonymously.
(C) It is nothing but a type of undertaking given to the banks that they should continue investing money in stock markets on behalf of the NRIs and in case the market crashes NRI’s will make the losses good without delay.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Both (A) and (B)
(5) All (A), (B) and (C)
Question No : 18
As we read in the newspapers the 123 Agreement with USA will have strategic implications on India. Which of the following is/are these implications?
(A) India will get recognition as a state with advanced nuclear technology.
(B) The deal will not be offered to Pakistan.
(C) India will be free to develop nuclear weapon for its military purposes.
(1) Only (A) is correct
(2) Only (B) is correct
(3) Both (A) & (B) are correct
(4) Only (C) is correct
(5) None of these
Question No : 19
The Committee on Financial Sector Assessment (CFSA) set up by the Reserve Bank of India has also recommended several reforms in which of the following existing laws in India?
(1) Taxation Laws
(2) Commercial Laws
(3) Banking Regulation Laws
(4) Property Laws
(5) All of these
Question No : 20
A bank normally does not have to deal with an issue related to _______
(1) cases of insolvency
(2) contractual rights of creditors
(3) intellectual property rights
(4) payments and settlement systems
(5) coordination between regulators active in banking/financial sectors