Monday, August 01, 2011


1. A customer can approach banking ombudsman if he does not get satisfactory response to his grievance from the bank within how many days?  (a) 5 (b) 20 (c) 30 (d) 40 (e) None 
Ans. C
2. National Civil Services Day in India is observed on- (a) April 23 (b) April 24 (c) April 18 (d) April 21(e) None 
3. CAG was in the news recently due to 2G spectrum scam. It stands for---  (a) Commissioner and Auditor General (b) Comptroller and Auditor General (c) Chief Auditor General (d) Chairman and Auditor General (e) None of these
4. FPO stands for? (a) Follow-on public offer (b) First public offer (c) Free public offer  (d) Frequent public offer (e) None of these
Ans. A
5.  A fiscal year in India ends on? (a) February 28 (b) March 31 (c)April1 (d)July1 (e)December 31
Ans. B
6. The structure of Basel II is based on how many pillars? (a) 1 (b) 2 (c) 3 (d) 4 (e) None of these
Ans. C
7. The Monetary and Credit Policy is reviewed by RBI after a gap of :- (a) One month (b) Three months (c) Six months (d) One year (e) None of these
Ans. B
8. Consider the following statements:
1) Finance minister Pranab Mukherjee unveiled the Union Budget 2011-12 on February 28, 2011.
2) Economic Survey 2010-11 was presented in the Parliament on Feb 25, 2011.
3) India's Railway Minister Mamta Banerjee presented the new Railway Budget for the year 2011-12 in the parliament on February 25, 2011.

Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) 3 only  (d) All of the above (e) None of these
Ans. D
9. Exemption limit for the general category of individual taxpa-yers enhanced from 1,60,000 to? (a) 1,70,000 (b) 1,80,000 (c) 1,90,000 (d) 2,00,000 (e) None of these
Ans. B
10. Who has been appointed as the head of the reconstituted National Security Advisory Board (NSA(B)? (a) Shyam Saran (b) Anil Kakodkar (c) C Rajamohan (d) Naresh Chandra (e) None of these
Ans. D
11. What is India's position current FIFA rankings? (a) 120th (b) 132nd (c) 144th (d) 150th (e) None of these
Ans.  C
12. What percentage of its total crude oil is imported by India? (a) 40% (b) 50% (c) 60% (d) 80% (e) None of these
Ans. D
13. Which of the statements given above is/are correct?
A.Allocation under Rashtriya Krishi Vikas Yojana (RKVY) increased from Rs. 6,755 crore to 7,860 crore.
B. Rs.10,000 crore to be contributed to NABARD's Short-term Rural Credit fund for 2011-12.
C. Allocation for Bharat Nirman programme proposed to be increased by Rs.10,000 crore from the current year to Rs. 58,000 crore in 2011-12.
D. Rs. 21,000 crores for primary education to implement Sarva Shiksha Abhiyan.
E. Defence budget hiked to ’1.64 lakh crore

(a) A and B (b) B and C (c) C and D (d) D and E (e) All of the above
Ans. E
14. In Global Gender Gap Report, India has been ranked at? (a) 97th (b) 107th (c) 112th (d) 122nd (e) None of these
15. At present, what is RBI's share in NABARD equity? (a)100% (b)74% (C)51% (d)1% (e)None of these
Ans. D
16. As per Union Budget 2011-12, standard rate of Service Tax is? (a) 10 % (b) 11 % (c) 12 %(d) 13 % (e) None of these
Ans. A
17. Who has been appointed as the first chief of the National Green Tribunal (NGT)?
(a) Dhanendra Kumar (b) Lokeshwar Singh(c) SushmaNath (d) Sam Pitroda (e) None of these
Ans. B
18. India has finally woken up to the needs of the country's elderly. With the number of people in the 60-plus age group in India expected to increase to 100 million in 2013 and to 198 million in 2030, the health minister is all set to roll out the?
(a) National Programme for Health care for the Elderly (b) National Programme for Senior Citizens (c) National Programme for Old Aged (d) Rashtriya Vriddha Swasthya Yojana(e) None of these
Ans. A
19.Which of the statements given above is/are correct?
A. Government committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings.
B. "India Microfinance Equity Fund" of Rs.100 crore to be created with SIDBI. Gover-nment considering putting in place appropriate regulatory framework to protect the interest of small borrowers.
C."Women's SHG's Develo-pment Fund" to be created with a corpus of Rs. 500 crore.
D. Corpus of RIDF XVII to be raised from Rs.16,000 crore to 20,000 crore.
E. 1,000 crore to be provided to SIDBI for refinancing incre-mental lending by banks to these enterprises.

(a) A and D (b) A, B and C (c) C and D (d) D and E (e) None of these
Ans. B
20. In accordance with the Centre's policy to open more banks in rural areas, a target has been set to open at least one bank branch in each of the 72,000 villages in the country by?
(a) 2012 (b) 2013 (c) 2014 (d) 2015 (e) None of these
Ans. A
21. The number of Padma Vibhushan Awardees this year is? (a) 13 (b) 15 (c) 16 (d) 17 (e) None
Ans. A
22. Which of the statements given above is/are correct?
A.Gross Domestic Product (GDP) estimated to have grown at 8.6 per cent in 2010-11 in real terms.
B. Government expects economy to grow at 9 % in 2011-12.
C. Fiscal Deficit target at 4.6% for 2011-12, down from 5.1% estimated for 2010-11.
D. Central Government debt estimated at 44.2 per cent of GDP for 2011-12 as against 52.5 per cent recommended by the 13th Finance Commission.
E. 40,000 crore to be raised through disinvestment in 2011-12.

(a) A and B (b) B and C (c) C and D (d) D and E (e) All of the above
Ans. E
23. An IPO is?
(a) Initial price offered by a private limited company to its shareholders
(b) An offer by an unlisted company for sale of its shares for the first time to the public
(c) Used to increase the share capital of an unlisted company
(d) A book building process
(e) None of these

Ans. B
24. Private equity investors, invest in a company based mainly on?
(a) The age of the company (b) The location of the company (c) The activity undertaken by the company (d) The creditability and the valuation of the company (e) The existing profitability of the company
 Ans. E
25. Which of the statements given above is/are correct?
A. Gross Tax receipts are estimated at 9,32,440 crore.
B. Non-tax revenue receipts estimated at 1,25,435 crore.
C. Total expenditure proposed at 12,57,729 crore.
D. Increase of 18.3 per cent in total Plan allocation.
E. Increase of 10.9 per cent in the Non-plan expenditure.

(a) A and B (b) B and C (c) C and D (d) D and E (e) All of the above
Ans. E

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