SOCIO ECONOMIC DEVELOPMENT Questions for IBPS PO/Clerk

Q.1. As per the decision taken by the Govt. of India now the National Rural Employment Guarantee Act is extended to all the districts of India. This means it will now be applicable to about— (1) 200 districts (2) 300 districts(3) 400 districts(4) 500 districts(5) 626 districts

Q.2. Which of the following is the amount of insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ?(1) Rs. 10,000(2) Rs. 20,000(3) Rs. 30,000(4) Rs. 40,000(5) Rs. 50,000

Q.3. Which of the following banks has taken over the Centurion Bank of Punjab ? (1) ICICI Bank(2) IDBI Bank(3) HDFC Bank(4) AXIS Bank(5) None of these

Q.4. Unique Identification Authority of India will set up data base for— (1) Identity and biometrics details of Indian residents(2) Identity and biometrics details of Indian citizens(3) Identity and biometrics details of person’s residents in India or visiting India(4) All the above(5) None of these

Q.5. The biggest Public Sector undertaking in the country is—(1) Iron and steel plants(2) Roadways(3) Railways(4) Airways(5) None of these

Q.6. Which of the following schemes launched by the Govt. of India aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work ? (1) TRYSEM (2) Pradhan Mantri Gram Sadak Yojana (3) Kutir Jyoti Scheme (4) ASHA (5) MGNREGA

Q.7. In some parts of India, farmers face acute distress because of heavy burden of debt from noninstitutional lenders. Who can be called a non-institutional lender ? (1) Small Banks (2) Grameen Banks(3) Credit Cooperative Societies(4) Micro Finance Institutions(5) Money Lenders

Q.8. The South Asian Free Trade Agreement (SAFTA) was introduced with a view of levying how much custom duty for trading any product within the SAARC zone ?(1) 5%(2) 4%(3) 2%(4) 1%(5) No custom duty

Q.9. Which of the following organisation prepares rural credit plans on annual basis for all districts in India, which in turn from the base for annual credit plans of all rural financial institutions ? (1) SIDBI(2) NABARD(3) RBI(4) Indian Bank’s Association(5) AII

Q.10. Which of the following is TRUE about the current population trend(s) in India ?

1. Every year India adds more people to the world’s population than any other country.

2. Currently India has a young population which will grow somewhat older largely as a result of decline in fertility.

3. The National Family Planning Programme did not contribute much in controlling fertility rate

(1) Only 1(2) Only 2(3) Only 3(4) Only 1 and 2(5) All 1, 2 and 3

Q.11. Which one of the following has decided to give guarantee for infra loans?  (1) IDBI (2) SBI(3) IIFCL(4) SIDBI (5) None of these

Q.12. In which one of the following States is the uranium project proposed to be set up ? (1) Manipur (2) Meghalaya (3) Orissa (4) Assam     (5) Nagaland

Q.13. Amongst 169 countries on Human Development Index, which one of the following is India's rank? (1)89  (2)91 (3)119  (4)129 (5)138

Q.14. What is 'Kaveri' ? (1) India's indigeneous aircraft engine (2) India's Low Cost laptop (3) India's Air to Air Missile (4) Unmanned Aircraft acquired from Israel (5) none of These

 Q.15. An increasing finished good stock as % to sales of a manufacturing Company indicates that-

 (A) the market is getting competitive. (B) the quality of the goods is not upto the mark. (C) the production cost has increased. (D) the production has decreased.

 (1) Only (A) and (B)     (2) Only (B) and (C)     (3) Only (C) and (D) (4) Only (C)     (5) Only (D) and (A)

Q.16. Which of the following is not a part of the scheduled banking structure in India ?

(1) Money Lenders(2) Public Sector Banks(3) Private Sector Banks(4) Regional Rural Banks(5) State Cooperative Banks

Q.17. The rate of interest on Savings Bank Account is stipulated by—(1) The concerned bank (2) RBI(3) Indian Banks Association(4) Government of India(5) Banking Codes and Standards Board of India

Q.18. Many times we read a term CBS used in banking operation. What is the full form of the letter ‘C’ in the term ‘CBS’ ?

(1) Core(2) Credit(3) Continuous(4) Complete(5) None of these

Q.19. In the year 2010, Commonwealth Games were organized in which of the following countries ?(1) China(2) South Africa(3) Canada(4) Brazil(5) India

Q.20. Which of the following metals is used for generation of nuclear Energy by most of the Nuclear Power Plants ?(1) Zinc(2) Platinum(3) Uranium(4) Nickel(5) None of these

Q.21. As per existing law, what is the minimum per day wages paid to a worker from unorganised sector in India ?

(1) 50(2) 75(3) 100(4) 125(5) No such law is there

Q.22. Who amongst the following was awarded the “Indira Gandhi Peace Prize” for 2010 ?(1) Ronald Noble(2) Luiz Inacio Lula D’Silva(3) Mohammed Elbaradei(4) Aung San Su Kyi(5) None of these

Q.23. Which of the following is not a Poverty Eradication Programme launched by the Govt. of India ?(1) Swarnjayanti Gram Swarozgar Yojana(2) Jawahar Gram Samridhi Yojana(3) National Social Assistance Programme(4) ADHAR(5) National Family Benefit Scheme

Q.24. According to the World Bank estimate about 40% Indians are living below International Poverty line of US $ —

(1) 1 per day(2) 1•25 per day(3) 2 per day(4) 2•5 per day(5) 3 per day

Q.25. The 10th Trilateral Ministerial Meeting of RIC group was organized in November 2010. Who are the members of the RIC ?

(1) Russia—Iran—China(2) Russia—India—China(3) Romania—Iran—Canada(4) Romania—Israel—Chile(5) Russia—India—Croatia

Q.26. Which one of the following factors influence working capital of a unit? (1) Seasonally of operations only     (2) Production Policy only (3) Suppliers Term only     (4) Only (1) and (2)     (5) All (1), (2) & (3)

Q.27. The G-20 Summit was held in which of the following places in October 2009 ? (1) Paris     (2) Vienna     (3) Tokyo     (4) Pittsburgh     (5) London

Q.28. As per a newspaper report, only few countries are left to make Non-Proliferation Treaty (NPT), a universal treaty. Which of the following is one of them? (1) Japan         (2) Indian       (3) Italy     (4) France    (5) Russia

Q. 29. Which TV channel has been in the news for its coverage of the Bin Laden crisis, especially for having carried all broadcasts of Osama Bin Laden to. audiences in West Asia? (1) Star Asia     (2) BBC Asia     (3) Al Jazeera     (4) Khaleed Times (5) None of these

Q.30. India will host the world Tiger Summit for the first time in 2010. The Summit will be organized in _ (1) Kolkata     (2) Bharatpur     (3) .Junagarh     (4) Ranthambore (5) None of these

Q.31. In which one of the following city, 2012 Olympics are proposed to be held ?(1) Frankfurt(2) London(3) Tokyo(4) Washington(5) Dubai

Q.32. In which one of the following states, Rosa Power Plant is located ?(1) U.P.(2) M.P.(3) Orissa(4) Haryana(5) Punjab

Q.33. Which one of the following is present Saving Bank Interest Rate (in percentage terms) ?(1) 3•0(2) 3•5(3) 4•0(4) 4•5(5) 5•0

Q.34. For calculation of poverty line in rural area, which one of the following calories consumption per day per person has been stipulated by Planning Commission ?(1) 2000(2) 2100(3) 2400(4) 2500(5) None of these

Q.35. Who is Julian Assange ?(1) Founder, Googles(2) Founder, Rediffmail(3) Nominee, Nobel Prize for Literature 2010(4) Founder, WikiLeaks(5) None of these

Q.36. The performance of which of the following industries is considered performance of a core industry ?

(1) Garments(2) Leather(3) IT(4) Oil and Petroleum(5) Handicrafts

Q.37. Who amongst the following is not a recipient of Nobel Prize in economics ?(1) Peter A. Diamond(2) Dale T. Mortensen(3) Amartya Sen(4) Paul Krugman(5) Robert G. Edwards

Q.38. Basel Committee has given its recommendations on which of the following aspects of banking operations ?

(1) Marketing of bank products(2) Priority sector lending(3) Risk Management(4) Micro financing(5) All of these

Q.39. Which of the following is the rank of India in Human Development Report 2010 prepared by the UNO ?

(1) 99(2) 100(3) 115(4) 119(5) None of these

Q.40. Which of the following was/where the key objectives of the RBI’s review of Monetary and Credit Policy 2010-11 which was reviewed again on 2nd November 2010 ?

1. To sustain the anti inflationary thrust.

2. To maintain an interest rate regime consistent with price.

3. To provide extra tax incentives to exporters who were in stress due to market fluctuations.

(1) Only 1(2) Only 2(3) Only 1 and 2(4) All 1, 2 and 3(5) None of these

Q.41. Credit Rating  ….  (1) is used to rate the borrowers while giving advances. (2) is used to work out performance of the employees. (3) is used to calculate the number of excellent audit rated branches. (4) is NOT used in any Bank. (5) is necessary before giving promotion to employees

Q.42. Who amongst the following is the recipient of the 'Dadasaheb Phalke Award - 2010'? (1) Javed Akhtar     (2) Amitabh Bachchan     (3) Guizar (4) Hema Malini      (5) None of above

Q.43. In Corporate Hedging, which one of the following types of risks can be covered? (1) Liquidity risk     (2) Currency risk     (3) Credit risk (4) Transaction risk (5) None of these

 Q.44. Bank of Rajasthan is now merged with which of the following banks? (1) AXIS Bank     (2) IDBI Bank     (3) ICICI Bank     (4) HDFC Bank (5) None of these

Q.45. As per GDP figures on calendar year basis, according to World Bank, which one of the following economies will have highest GDP growth in the year 2011 ? (1) US     (2) China     (3) Japan     (4) India     (5) Brazil

Q.46. In a Poverty Pyramid index, which one of the following segments of population face highest poverty risk ?

(1) Formal wage employment(2) Informal Self Employment : Employers(3) Regular Informal Wage employment(4) Informal Self Employment : own account(5) Casual Informal Wage Employment and domestic work

Q.47. Which one of the following is a Self Employment Programme for Educated Unemployed Youth ?

(1) Prime Minister’s Rozgar Yojana(2) Swaran Jayanti Sahakari Rozgar Yojana(3) National Social Assistance Programme(4) Swaran Jayanti Gram Swarozgar Yojana(5) None of these

Q.48. In which one of the following States, Sariska Tiger Reserve is located ?(1) M. P.(2) Gujarat(3) Rajasthan(4) West Bengal(5) Orissa

Q.49. Who is Mohammed Yunus ?(1) Finance Minister, Bangladesh(2) Founder, Grameen Bank(3) Nobel Laureate for peace(4) Foreign Minister, Pakistan(5) Founder Micro Finance Institutions in India

Q.50. Which one of the following is the primary source of energy in India ?(1) Hydel Power(2) Natural Gas(3) Coal(4) Naptha(5) Non-conventional energy

ANSWER.-

(1). 5   (2) .3   (3).3   (4).4   (5).3   (6) .5   (7).5   (8).5   (90.2   (10).4   (11)3   (12). 2   (13).3   (14).1  (15).2 (16) .1   (17) .2   (18) .1   (19) .5   (20) .3   (21) .3   (22) .2    (23) .4   (24) .2  (25).2   (26).2   (27).5   (28).4   (29).3   (30).3  (31) .2   (32) .1   (33) .2   (34) .3   (35) .4   (36) .4   (37) .5   (38) .3   (39) .4   (40).1   (41).1 (42) .1   (43).5   (44).2   (45).3   (46) .1   (47) .1 (48) . 3 (49) .2 (50) .3

General Awareness & Socio Economic Development Questions For IBPS PO (18sep.) Exam.

Q.1. Which of the following carries out 'Open Market Operations? (1) Finance Ministry  (2) External Affairs Ministry (4) Planning Commission (5) Ministry of Commerce

Q. 2. Who among the folfowing Ministers will hold telecom portfolio in addition to his own portfolio till next reallotment? (1) Kamal Nath  (2) Kapil Sibal  (3) sheela Dikshit (4) Mamta Banerjee (5) None of these

Q. 3.Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India? (1) RBI Act  (2) Banking Regulation Act (3) Essential Commodities Act (4) RBI and Banking Regulation Act (5) None of these

Q.4. On which one of the following 'Head of Expenses', the expenses of the Government of India are highest? (1) Food subsidy (2) Fertilizer subsidy   (3) Pradhan Mantri Gram SadakYojana (4) Maintenance of national highways     (5) Oil subsidy

Q.5. Which one of the following foreign agencies will assist the municipal agencies to improve quality of municipal schools through its School Excellence Programmes (SEP) ? (1) IMF     (2) UNDP     (3) UNICEF     (4) ADB  (5) None of these

Q.6. Which of the following is Horticulture Crop ?(1) Paddy(2) Wheat(3) Mango(4) Bajara(5) None of these

Q.7. Which of the following nation is considered the originator of the concept of Micro Finance ?

(1) India(2) Bangladesh(3) South Africa(4) USA(5) None of these

Q.8. Very often we read in news papers about 3G or 3rd Generation technology. This is a set of standards used for which of the following purposes ?(1) To combat climatic changes(2) Production of Nuclear Energy(3) Film Production(4) Mobile Telecommunications(5) All of these

Q.9. What is the full form of ‘ULIP’, the term which was in the news recently ?

(1) Universal Life and Investment Plan(2) Unit Loan and Insurance Plan(3) Universal Loan and Investment Plan(4) Uniformly Loaded Investment Plan(5) Unit Linked Insurance Plan

Q.10. The main function of I. M. F. is to—

(A) Finance investment loans to developing countries(B) Act as a private sector lending arm of the World Bank(C) Help to solve balance of payment problems of member countries(D) Arrange international deposits from banks(E) None of these

Q.11. In economic terms, which of the following factors determine the ‘Individual’s demand’ of a product/commodity ?1. Price of a commodity.2. Income of the individual.3. Utility and quality of a commodity.(1) Only 1(2) Only 2(3) Only 3(4) Only 1 and 3(5) All 1, 2 and 3

Q.12. Which of the following terms is used in the field of economics ?(1) Adiabatic(2) Bohr Theory(3) Plasma(4) Barter System(5) Viscosity

Q.13. “Pascal Lamy calls on trade negotiators to move out of their comfort zones towards agreements”, was the headline in some major newspapers. This news is associated with which of the following organizations/agencies ?(1) World Trade Organization(2) International Monetary Fund(3) World Bank(4) United Nations Organisations(5) North Atlantic Treaty Organisation

Q.14. Which of the following is not a function of the Planning Commission of India ?

(1) Assessment of the material, capital and human resources of the country

(2) Formulation of plans for the most effective and balanced utilization of country’s resources

(3) Public cooperation in national development

(4) Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans

(5) Determination of stages in which the plan should be carried out

Q.15. Which of the following periods represents the period of the first Five Year Plan in India ?(1) 1948 – 53(2) 1947 – 52(3) 1952 – 57(4) 1950 – 55(5) 1951 – 56

Q. 16. Which one of the following has got RBI nod to issue pre-paid cards to its clients? (1) LIC (2) GIC(3) SIDBI (4) NABARD (5) None of these

Q.17. For which one of the following reasons is an amendment in Companies Bill 2009 proposed?

 (1) To provide more powers to Department of Company Affairs

 (2) To provide regulatory powers to Department of Company Affairs

 (3) To make Indian Accounting Standards applicable with effect from 1.4.2011

 (4) To ensure smooth convergence of the Indian Accounting Standards with IFRS (5) None of these

 Q.18. As per recent newspaper reports, India's public debt rises 2.8 percent to Rs. 28 lakh crores. Which one of the following is the reason that has forced commercial banks 10 buy Government securities? (1) Lack of credit growth     (2) Increase in credit growth (3) Raising of repo rate (4) Raising of reverse repo rate (5) None of these

Q.19. In which one of the following States Sariska Tiger Reserve is located? (1) M. P.    (2) U. P.  (3) Orissa   (4) Gujarat   (5) Rajasthan

Q.20. On which one of the following characters, Biometric security is based? (1) Finger prints and palm recognition only (2) Face recognition and voice recognition only (3) Hand writing and manual recognition only (4) Only(l) and (2)     (5) All (1),(2) &(3)

Q.21. Many a time we read a term ‘PPP’ in financial dailies/magazines. What is the full form of the same as used in financial world ?(1) Public Per Capita Power(2) Per Capita Potential Purchases(3) Purchasing Power Parity(4) Present Purchasing Power(5) None of these

Q.22. The recent press report indicates that one of the Economies of the world took over another Economy in GDP terms to gain nubmer Two, ranking at world level. Which one of the following country is that ?(1) Japan(2) China(3) Germany(4) Australia(5) India

Q.23. Which of the following villagers received first lot of UID numbers ?(1) Vaijapur in Maharashtra(2) Bedkihal in Karnataka(3) Tembhli in Maharashtra(4) Navagam in Gujarat(5) None of these

Q.24. The highest weight in the revised Wholesale Price Index, implemented from September 2010 is given to which of the following item ? (1) Fuel(2) Food items(3) Manufactured items(4) Primary Articles(5) All of these

Q.25. Which one of the following is a driving force influencing the industrial growth of an economy ?

(1) Economic Factors only(2) Investment only(3) Innovation/Market Base only(4) Only (A) and (B) (5) All

Q.26. India and Syria recently decided to double their trade in next 2 years. Indian Govt. has decided to export which of the following commodities to Syria ?(1) Natural gas(2) Milk(3) Oil(4) Wheat(5) All of these

Q.27. India has sanctioned a 26 million grant to which of the following countries for development of tube wells ?(1) Myanmar(2) Bangladesh(3) Nepal(4) Pakistan(5) Sri Lanka

Q.28. Which of the following is the name of the scheme launched by the Govt. of India for adolescent girls ? (Launched in November 2010)(1) Swawlamban(2) SABALA(3) Aadhar(4) ASHA(5) None of these

Q.29. Many times we see in financial journals/bulletins a term M3. What is M3 ?

(1) Currency in circulation on a particular day(2) Total value of the foreign exchange on a particular day(3) Total value of export credit on a given date(4) Total value of the tax collected in a year(5) None of these

Q.30. As per news in various newspapers, Govt. has allocated a huge sum of 31,000 crore for ‘RTE’. What is full form of RTE ?(1) Right of Education(2) Reforms in Technical Education(3) Return to Empowerment(4) Right to Empowerment(5) Renewable Technology for Energy

Q.31. Under what name is MTNL marketing its GSM based mobile telephony? (1) Swarna     (2) Dolphin     (3) Speed     (4) Vayu     (5) None of these

Q.32. Which of the following countries has been fully suspended from the Common wealth of Nations after its refusal to announce General Elections which have been due since long? (1) Pakistan     (2) Nepal     (3) Fiji     (4) Sri Lanka     (5) None of these

Q.33. What is the name of the branded petrol with cleansing additives that is being marketed by HPCL? (1) Power     (2) Premium     (3) Speed     (4) Clean X     (5) None of these

Q.34. Under what name is MTNL marketing its CDMA based WLL service in Mumbai and Delhi? (1) Dolphin     (2) Swarna     (3) Garuda     (4) Seema     (5) None of these

Q.35. Which of the following countries agreed recently to discontinuer efuelling ships in the Indian Ocean for the NATO led coalition in Afghanistan? (1) Japan     (2) Indonesia     (3) Bangladesh     (4) Pakistan     (5) None of these

Q.36. For which one of the following States, interloculators’ panel has been appointed by the Centre ?(1) Manipur(2) Arunachal Pradesh(3) Assam(4) Nagaland(5) J&K

Q.37. Expand the term BCBS. (1) Bank’s Committee on Banking Supervision(2) Basel Committee on Banking Supervision(3) Bank’s Commission on Banking Supervision(4) Basel Commission on Banking Supervision(5) None of these

Q.38. By which one of the following years, Government proposes to introduce IFRS norms ?

(1) April 2011(2) October 2011(3) April 2012(4) October 2012(5) None of these

Q.39. As per World Development Report 2009, if the poverty is measured by the international poverty line standard of below a dollar a day, approximately what per cent of people will be living in India below poverty line ?(1) 25.0(2) 27.5(3) 34.5(4) 58.5(5) 10.5

Q.40. Who is Kaushik Basu ?(1) Dy. Governor, RBI(2) Member Planning Commission(3) Chairman, Prime Ministers’ Economic Advisory Council(4) Chief Economic Advisor(5) Secretary-General FICCI

Q.41. PIIGS is the group of nations falling under—(1) Euro zone(2) Asia Pacific(3) SAARC(4) NATO(5) Commonwealth

Q.42. Which of the following is/are the preconditions, the IMF has put to provide bailout package to Ireland ?

1. It should gradually lower down unemployment benefits.

2. It should bring down the minimum wages in order to boost employment.

3. It should import some of the crucial commodities from non euro countries as an immediate measure to improve shortage of the same.(1) Only 1 and 2 (2) Only 2 and 3(3) Only 1 and 3(4) Only 1(5) All 1, 2 and 3

Q.43. India is self-sufficient in production of which of the following commodities ?(1) Edible oil (2) Milk(3) Pulses(4) Natural gas(5) All of these

Q.44. Which of the following is used as a fuel in Nuclear power stations in India ?(1) Thorium (2) Copper(3) Tin(4) Chromium(5) All of these

Q.45. Which of the following States has taken up the job of improving Dams with the help of the World Bank’s Dam Rehabilitation and Improvement project ?(1) Kerala(2) Gujarat(3) Tamil Nadu(4) Uttar Pradesh(5) Guwahati

Q.46. In respect of infrastructure bonds issued under provisions of Section 80 CCF of the Income Tax Act, what is the maximum amount (Rs. in thousands), up to which these bonds can be covered? (1) 30     (2) 20     (3) 40     (4) 5.0     (5) None of these

Q.47. Which of the following is the full form of the abbreviation 'IFRS' as used in corporate / finance Sector ?

 (1) Indian Financial Reconciliation Standards (2) Interpretation and Formal Reporting System (3) International Financial Reporting Standards (4) International Financial Reporting System     (5) None of these

Q.48. Which one of the following Corporate Groups has argued in Supreme Court that leaks of Radia Tapes has affected its reputation ?(1) RIL(2) Jindal Steels(3) Bajaj Group(4) Adani Group(5) Tata Group

Q.49. Who amongst the following is a famous economist ?(1) Richard Dawkins(2) Alan Greenspan(3) Vernon Heywood(4) Olivar Sachs(5) Stephan Hawking

Q.50. Who amongst the following has never held post of the Governor of the RBI ?(1) C. Rangarajan(2) L. K. Jha(3) Manmohan Singh(4) Bimal Jalan(5) Usha Thorat

ANSWER:-

(1) 3   (2) 2   (3) 1  (4) 1   (5) 5  (6) 3   (7) 2   (8) 4   (9) 5   (10) 3   (11) 5   (12) 4   (13) 1  (14) 4  (15) 5   (16) 1  (17) 4   (18) 4  (19) 5  (20) 5  (21) 3   (22) 1   (23) 3   (24) 5   (25) 5   (26) 5  (27) 3   (28) 2   (29) 5   (30) 1   (31) 4   (32) 2   (33) 3   (34) 1  (35) 3  (36) 5   (37) 2   (38) 1  (39) 2   (40) 4  (41) 1   (42) 2   (43) 2   (44) 1   (45) 1   (46) 2   (47) 2   (48) 5   (49) 2   (50) 5