Question No : 1

Which of the following is the abbreviated name of the company which produces chemical fertilizers in India?

(1) IASRI

(2) BHEL

(3) IFFCO

(4) FICCI

(5) FERA

Question No : 2

Which of the following is NOT a foodgrain?

(1) Paddy

(2) Jatropha

(3) Bajra

(4) Jowar 

(5) Wheat

Question No : 3

As we know Government is paying much attention towards the development of watersheds and water bodies in all the areas of the country.  What is/are the reasons owing to which Govt. has to take these special efforts to develop/recharge watersheds and water bodies?

(A) The one single biggest problem of the agriculture in the country is inappropriate irrigation facilities and farmers over dependence on the monsoon.  Govt. wants farmers to come out of it.

(B)The water table in some of the areas in the country is going down.  This is a matter of great concern for all of us as this may result in severe water problem in days to come, Government is serious about it.

(C) Around 30 to 35 percent watersheds/water bodies in the country are not being utilized as the quality of water in these has deteriorated over the years.

(1)  Only (A) 

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 4

Which of the following is/are true about the Indira Awas Yojana?

(A) The scheme provides financial assistance to people living below poverty line for construction of housing units.

(B)  Every family gets an assistance of Rs.3 lakhs for construction of new housing unit and upto Rs.2 lakhs for upgradation of old/existing units.

(C) Scheme is available only to those who are staying in any village or urban areas having a population of 50000 or more

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 5

Which of the following regulatory bodies is celebrating its Platinum Jubilee year this fiscal in 2010?

(1) NABARD

(2) SEBI 

(3) IRDA

(4) AMFI

(5) RBI

Question No : 6

As per the reports published in various newspapers, the Union Minister of Corporate Affairs is planning to introduce a system where two firms may audit accounts of every company. Which of the following may be the impact of this dual audit system, when implemented?

(A) This will bring transparent, independent and objective assessments of the functioning of the companies.

(B) This will create a warning or alarming system so that Satyam like episodes can be averted.

(C) This will give an opportunity to auditors to learn more about the “inside activities” of the companies and also a better understanding of the business tactics, the companies adopt to beat their competitors.

(1) Only A

(2) Only B 

(3) Only C

(4) All A, B and C

(5) None of these

Question No : 7

The reduction in the Statutory Liquidity Ratio by the Reserve Bank of India

(1) will augment of resources of scheduled commercial banks

(2) will improve the resources of banks 

(3) will not affect liquidity position

(4) All of the above

(5) None of these

Question No : 8

Some financial experts and business leaders feel that the present policies of the RBI may result in hardening of the interest rates further.  Besides this hardening of the rupee in international markets is also possible.  If it happens, what will be its impact on the market?

(A) More and more Indian firms would like to borrow from global markets instead of domestic ones.

(B)  Companies may have to suspend their plans of raising capital needed for extension of business for sometime.

(C) More and more Indian companies would like to open their offices/branches in foreign nations so that they can approach foreign investors easily.

(1) Only (A)

(2) Only (B)

(3) Only (A) and (B)

(4) Only (B) and (C)

(5) None of these

Question No : 9

Which of the following is/are true about the “Gram Nyayalayas”?

(A) These courts will be mobile courts and will function at Panchayat level

(B)  The Magistrates of these courts will go to the villages in their area of coverage and will dispose off cases of the villages there itself

(C) Only civil suits related to the property of Rs.5,00,000 (Five lakh) and above will be disposed off in this way.

(1) Only (A)

(2) Only (B)

(3) Only (C)    

(4) Only (A) and (B)

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

Question No : 10

Which of the following is NOT a Banking or Finance Company?

(1) Barclay

(2) Lufthansa

(3) BNP Paribas

(4) HSBC

(5) American Express

Question No : 11

In which one of the following countries, the rate of Income Tax is highest?

(1) US 

(2) China

(3) Japan

(4) UK 

(5) France

Question No : 12

Which of the following trophies/cups is associated with the game of Cricket?

(1) Davis Cup

(2) Agha Khan Cup

(3) Nehru Trophy

(4) Durand Cup

(5) Duleep Trophy

Question No : 13

What is Forex?

(1) It is buying of foreign currency

(2) It is selling of foreign currency

(3) It is buying of one currency and selling of another currency

(4) It is simultaneous buying of one currency and selling of another currency

(5) None of these

Question No : 14

Expand the term FLCC.

(1) Financial Literacy Call Centre

(2) Financial Literacy and Credit Counselling

(3) Financial Literacy Communication Centre

(4) Fiscal Literacy and Credit Counselling

(5) None of these

Question No : 15

What is a fiscal deficit?

(1) It is a gap between the values of the Exports and Imports

(2) It is a gap between Exports and Imports minus external borrowings

(3) It is a gap between total expenditure and total receipts of the government

(4) It is a gap between total receipts minus External Borrowing

(5) None of these

Question No : 16

‘Special Drawing Rights’ are the rights of countries provided by ____

(1) Word Bank

(2) IMF

(3) ADB

(4) RBI

(5) Federal Reserves

Question No : 17

Public Holidays are declared under____

(1) Constitution of India

(2) Right to Information Act

(3) Negotiable Instruments Act

(4) Indian Contract Act

(5) None of these

Question No : 18

Which of the following is NOT an economic empowerment scheme launched by the Government of India for the benefit of various sections of society?

(1) STEP

(2) Swayamsidha

(3) KALPANA-1

(4) Swadhar

(5) All of these

Question No : 19

The ‘No Frills Accounts’ facility provided by the banks is aimed at which of the following categories of people?

(1) Corporate world

(2) Senior citizens

(3) Poor people

(4) Current account holders 

(5) Government employees

Question No : 20

The performances of banks are evaluated annually by RBI. Which of the following parameters are considered?

(1) Asset Quality

(2) Capital adequacy

(3) Management

(4) All of the above

(5) None of these