Question No : 1

The current trend in Agricultural sector in India is a matter of concern for the policy makers these days as it is not showing the expected results. What is/are the major areas of problem(s) being faced by the farmers?

(A) Irrigation facilities are not enough.

(B) Use of chemical fertilizers has badly affected the fertility of the land.

(C) Government has reduced the subsidy in the farming sector Hence it is no more a profitable activity.

(1) Only (A)

(2) Only (B)

(3) Only (C) 

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

(5) None of these

Question No : 2

Which of the following awards is given by the Government of India?

(1) Kalinga Prize

(2) Oscar Awards

(3) Man Booker Prize

(4) Pulitzer Prize

(5) Jawaharlal Nehru Award

Question No : 3

The rate below which banks cannot generally  lend is called as_________

(1) Base rate

(2) Floor rate

(3) Repo rate

(4) Ceiling rate

(5) Call money rate

Question No : 4

In relation to banking, what do you understand by “Ever Greening of loan Account”?

(1) Full repayment of a loan account before maturity-Pre-Payment

(2) Full repayment of a loan account exactly at maturity

(3) Fresh Loan sanctioned during the tenure of account for limits

(4) Adjusting the NPA/Sticky account with fresh sanction of loans

(5) Loans Provide for new project to new customers

Question No : 5

Which of the following is the name of an autonomous organisation for rural technology?

(1) CAPART

(2) MGNREGA

(3) PURA

(4) IRDP

(5) NGAPS

Question No : 6

With a view to facilitate payment of balance in deposit account to the depositor without  any hassles  in the event of death of the account holder, the following  facility was introduced in bank accounts in our country

(1) Will 

(2) Registration

(3) Nomination

(4) Indemnity

(5) Guarantee

Question No : 7

“IRDA norms will boost online distribution ’-was the news in some major newspapers. This means online distribution of which of the following will boost up?

(1) Insurance policies/products

(2) Licenses to open new banks/branches of existing banks

(3) Permits for export of iron ore

(4) Licenses to operate 2G-3G spectrums

(5) Bank product

Question No : 8

Which of the following is NOT a fundamental right as per the Indian constitution?

(1) Right to Information 

(2) Right to Equality

(3) Right to Property

(4) Right to Freedom of religion

(5) All are fundamental rights

Question No : 9

Which of the following awards is given for showing excellence in the field of Science and Technology?

(1) Arjuna Award

(2) Dronacharya Award

(3) Swarna Kamal Award

(4) Bharat Ratna Award

(5) None of these

Question No : 10

Those who are found positive in Doping Test are the_____

(1) Patient of SARS

(2) Patient of AIDS

(3) people who take performance enhancing drugs

(4) people suffering from chronic mental depression

(5) None of these

Question No : 11

Iraq does not share its borders with _____

(1) Syria

(2) Jordan

(3) Kuwait

(4) Turkey

(5) Ethiopia

Question No : 12

As per the reports published in the newspapers, the Government of India is planning to create a ‘Knowledge Commission’. What is the purpose of the same?

(A) To strengthen the roots and sinews of our capacity and capability–building.

(B) To create application of knowledge to increase productivity.

(C) To innovate and rejuvenate knowledge institutions of India.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (B)

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

Question No : 13

For which one of the following reasons Finance Minister denied entry of NRI funds for infra bonds?

(1) It will bring more liquidity in the country

(2) NRIs can withdraw their funds any time

(3) It could lead to losses at the time of redemption because of fluctuations in the Indian currency

(4) It will bring interest burden on the country

(5) None of these

Question No : 14

What is ‘financial inclusion’?

(A) Easy access to bank accounts for safe parking of savings. 

(B) Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneurs.

(C) Availability of basic financial products like insurance.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

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

Question No : 15

Which of the following terms is used in Economics?

(1) Keynesian

(2) Adsorption

(3) Affinity Matrix

(4) Gene Flow

(5) None of these

Question No : 16

Which of the following is not a primary function of a Bank?

(1) Granting Loans

(2) Collecting Cheques/Drafts of customers

(3) Facilitating import of goods

(4) Issuing Bank Drafts

(5) Selling Gold/Silver Coins

Question No : 17

Which one of the following are key policy rates used by RBI to influence interest rates?

(A) Bank Rate/the Repo Rate   (B) Reverse Repo Rate   (C) CRR/SLR

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) Both (A) and (C)

Question No : 18

Which of the following is/are the objective(s) of Free Trade Agreement, India has done with many countries?

(A) To provide support to entrepreneurs for setting up new projects in tiny/SSI sector.

(B) For undertaking expansion of business.

(C) To support technology upgradation.

(1) Only (A) and (B)

(2) Only (B) and (C)

(3) Only (A) and (C)

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

(5) None of these

Question No : 19

Which of the following organizations issue the rules of global trade?

(1) World Bank

(2) Foreign Exchange Dealers’ Association

(3) World Trade Organisation

(4) Directorate General and Foreign Trade 

(5) None of these

Question No : 20

One single statement that depicts the financial position of a bank and/or business enterprise at a given point of time is called

(1) Statement of product details

(2) Quarterly returns submitted to RBI

(3) Reconciliation Statement 

(4) Trading and manufacturing account 

(5) Balance Sheet