IBPS PO General Awareness Model Question Paper
1. An instrument that derives its value from a specified underlying (currency, gold, stocks etc.) is known as—
(A) Derivative
(B) Securitisation Receipts
(C) Hedge Fund
(D) Factoring
(E) Venture Capital Funding
Ans : (C)
2. Which of the following crops cannot be called a Plantation Crop ?
(A) Wheat
(B) Oil Palm
(C) Rubber
(D) Coffee
(E) Coconut
Ans : (A)
3. Fiscal deficit is—
(A) total income less Govt. borrowing
(B) total payments less total receipts
(C) total payments less capital receipts
(D) total expenditure less total receipts excluding borrowing
(E) None of these
Ans : (D)
4. Which of the following is the name of the spacecraft launched by India as a part of Mission to Moon ?
(A) Moon-1
(B) Chandrayaan-1
(C) Kalpana
(D) RADOM
(E) None of these
Ans : (B)
5. In the Capital Market, the term arbitrage is used with reference to—
(A) purchase of securities to cover the sale
(B) sale of securities to reduce the loss on purchase
(C) simultaneous purchase and sale of securities to make profits from price
(D) variation in different markets
(E) Any of the above
Ans : (C)
6. As per the reports published by the World Bank what percentage of Indian population lives below the new International Poverty Line ?
(A) 30%
(B) 62%
(C) 52%
(D) 42%
(E) 68%
Ans : (D)
7. Reverse repo means—
(A) Injecting liquidity by the Central Bank of a country through purchase of Govt. securities
(B) Absorption of liquidity from the market by sale of Govt. securities
(C) Balancing liquidity with a view to enhancing economic growth rate
(D) Improving the position of availability of the securities in the market
(E) Any of the above
Ans : (A)
8. Which of the following is not a ‘Social Sector Programme’ run by the Govt. of India ?
(A) National Rural Health Mission
(B) Sarva Shiksha Abhiyan
(C) Mid-Day Meal Scheme
(D) Integrated Child Development Services
(E) Bharat Nirman
Ans : (A)
9. The stance of RBI monetary policy is—
(A) inflation control with adequate liquidity for growth
(B) improving credit quality of the Banks
(C) strengthening credit delivery mechanism
(D) supporting investment demand in the economy
(E) Any of the above
Ans : (E)
10. In order to augment Credit flow to small and poor borrowers, commercial banks are required to provide how much percentage of their priority sector advances to weaker sections of the society ?
(A) 15%
(B) 20%
(C) 30%
(D) 25%
(E) 35%
Ans : (D)
11. Currency Swap is an instrument to manage—
(A) Currency risk
(B) interest rate risk
(C) currency and interest rate risk
(D) cash flows in different currencies
(E) All of the above
Ans : (D)
12. As reported in some newspapers/magazines a large number of children/infants are falling sick because of the use of melamine contaminated dairy products in the world. Due to this many countries like Africa, Japan, Singapore, etc. have stopped import of these products. Which of the following countries was the main exporter of such products ?
(A) China
(B) Bangladesh
(C) Pakistan
(D) Iran
(E) None of these
Ans : (A)
13. ‘Sub-prime’ refers to—
(A) lending done by banks at rates below PLR
(B) funds raised by the banks at sub-Libor rates
(C) Group of banks which are not rated as prime banks as per Banker’s Almanac
(D) lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards
(E) All of the above
Ans : (D)
14. Which of the following is the abbreviated name of the programme launched in India for the economic empowerment of persons with severe to profound disabilities ?
(A) ARUNIM
(B) NREGA
(C) GCMMF
(D) UNCTAD
(E) SCOPE
Ans : (B)
15. Euro Bond is an instrument—
(A) issued in the European market
(B) issued in Euro Currency
(C) issued in a country other than the country of the currency of the Bond
(D) All of the above
(E) None of these
Ans : (C)
16. As per the recommendations of the 12th Finance Commission, what will be the share of the State Govts. in total shareable proceeds of Central taxes ?
(A) 15%
(B) 20·5%
(C) 22%
(D) 30·5%
(E) 35·5%
Ans : (D)
17. Money Laundering normally involves—
(A) placement of funds
(B) layering of funds
(C) integration of funds
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)
Ans : (D)
18. Which of the following is/are objective(s) of the ‘Rural Drinking water supply Programme’ launched by the Govt. of India ?
1. Supply safe drinking water to all villages.
2. Assisting local communities to maintain sources of safe drinking water in good condition.
3. Giving special attention for water supply to Scheduled Caste and Scheduled Tribes.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)
19. The IMF and the World Bank were conceived as institutions to—
(A) strengthen international economic co-operation and to help create a more stable and prosperous global economy
(B) IMF promotes international monetary cooperation
(C) The World Bank promotes long term economic development and poverty reduction
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)
Ans : (D)
20. Which of the following is not a Source of Tax Revenue collected by the Govt. of India ?
(A) Custom Duty
(B) Excise Duty
(C) Income Tax
(D) Service Tax
(E) Dividends and Profits
Ans : (E)
21. Capital Market Regulator is—
(A) RBI
(B) IRDA
(C) NSE
(D) BSE
(E) SEBI
Ans : (E)
22. Asif Ali Zardari who has taken over as the new President of Pakistan is from which of the following political Parties ?
(A) Pakistan Muslim League
(B) Awami League
(C) Pakistan People’s Party
(D) Pakistan National Congress
(E) None of these
Ans : (C)
23. In the term BRIC, R stands for—
(A) Romania
(B) Rajithan
(C) Russia
(D) Regulation
(E) None of these
Ans : (C)
24. India is now out of the nuclear sanction imposed on it about 16 years back. This sanction was imposed by which of the following organisations ?
(A) Nuclear Suppliers Group (NSG)
(B) Organisation of Petroleum Exporting Countries (OPEC)
(C) INTERPOL
(D) UN Security Council
(E) None of these
Ans : (A)
25. FDI refers to—
(A) Fixed Deposit Interest
(B) Fixed Deposit Investment
(C) Foreign Direct Investment
(D) Future Derivative Investment
(E) None of these
Ans : (C)
26. Very often we read in newspapers about the Foreign Direct Investment (FDI) Through Automatic Route. What is meant by Automatic Route ?
1. It is a process which allows foreign investors to trade shares of any Indian Company on day-to-day basis openly in stock markets.
2. It is a process by which Indian Companies are allowed to issue shares to any foreign investor as a part of their paid up Capital in the project in which they have made an investment.
3. It is a process in which all foreign investors are asked to make all their investments in Indian projects in rupee currency only and that too in cash only. Technical knowhow or any other type of participation is not allowed as a part of investment.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) All 1, 2 and 3
Ans : (A)
27. What is Call Money ?
(A) Money borrowed or lent for a day or over night
(B) Money borrowed for more than one day but upto 3 days
(C) Money borrowed for more than one day but upto 7 days
(D) Money borrowed for more than one day but upto 14 days
(E) None of these
Ans : (A)
28. The Govt. of India is planning to introduce a ‘National Security Exception Act’ in the Parliament, which will work on the lines of Exxon-Florio provision prevalent in the USA. What is the purpose of the proposed Act ?
1. The Act is a part of Indo-US Nuclear Pact as this only will allow India to start building nuclear facilities in the country.
2. The Act will empower the Govt. of India to stall any foreign Company from acquiring any local asset (FDI) if it is found to be compromising with national security.
3. The Act will empower the Govt. of India to control terrorism in a better way as all e-services will be under thorough scrutiny by security agencies.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) All 1, 2 and 3
Ans : (C)
29. Which is the first Indian company to be listed in NASDAQ ?
(A) Reliance
(B) TCS
(C) HCL
(D) Infosys
(E) None of these
Ans : (D)
30. Which of the following is not included in the list of UN Millennium Goals ?
(A) Eradicate extreme poverty and hunger
(B) Develop a global partnership for development
(C) Promote Gender equality
(D) Reduce Child Mortality
(E) Make World Nuclear free
Ans : (E)
31. Which of the following is the Regulator of the credit rating agencies in India ?
(A) RBI
(B) SBI
(C) SIDBI
(D) SEBI
(E) None of these
Ans : (D)
32. Which of the following agencies/bodies has asked all foreign funds to come forward and register itself as Foreign Institutional Investments (FIIs) prior to any investment in India ?
(A) RBI
(B) SEBI
(C) IBA
(D) Registrar of Companies
(E) None of these
Ans : (B)
33. Who is Brand Endorsing Personality of Bank of Baroda ?
(A) Juhi Chawla
(B) Kiran Bedi
(C) Amitabh Bachchan
(D) Kapil Dev
(E) None of these
Ans : (E)
34. Who amongst the following Indian players could not win any medal in Beijing Olympic 2008 ?
(A) Sushil Kumar
(B) Abhinav Bindra
(C) Anjali Bhagwat
(D) Jitendra Kumar
(E) Saina Nehwal
Ans : (C)
35. The branding line of Bank of Baroda is—
(A) International Bank of India
(B) India’s International Bank
(C) India’s Multinational Bank
(D) World’s local Bank
(E) None of these
Ans : (B)
36. India recently signed an agreement in the field of hydrocarbon with which of the following countries for which Hernan Martinez Torres, Minister of Energy of that country was in India ?
(A) Zambia
(B) Ukraine
(C) Colombia
(D) Turkey
(E) None of these
Ans : (C)
37. The logo of Bank of Baroda is known as—
(A) Sun of Bank of Baroda
(B) Baroda Sun
(C) Bank of Baroda’s Rays
(D) Sunlight of Bank of Baroda
(E) None of these
Ans : (B)
38. Which of the following countries has asked India to scrap Kosi River Pact, the river which created a havoc in Bihar recently ?
(A) Bangladesh
(B) Pakistan
(C) China
(D) Nepal
(E) Bhutan
Ans : (D)
39. Which of the following statements(s) is/are True about the exports of China which is a close competitor of India ?
(i) China’s economic success is basically on the fact that it exports cheaper goods to rich nations like the USA, etc.
(ii) In the year 2007 China’s exports became almost 40% of its GDP.
(iii) When compared to India China’s share in the World Exports is more than 30% whereas India’s share is mere 6% of the global exports.
(A) Only (i)
(B) Only (ii)
(C) Both (i) and (ii)
(D) All (i), (ii) and (iii)
(E) None of these
Ans : (C)
40. Which of the following is the amount of the relief package announced by the Prime Minister of India for Flood-hit Bihar ?
(A) Rs. 1000 crore
(B) Rs. 1010 crore
(C) Rs. 1050 crore
(D) Rs. 1100 crore
(E) Rs. 1120 crore
Ans : (B)
41. One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general ?
(A) Know Your Customer Norms
(B) Banking Regulation Act
(C) Negotiable Instrument Act
(D) Narcotics and Psychotropic Substance Act
(E) None of these
Ans : (E)
42. As reported in the newspapers some people are of the opinion that India may not be able to achieve its export targets set for the year 2008-09. Which of the following is/are the reason(s) of their worry ?
1. There was a major flood in some parts of Bihar, Orissa, Gujarat and some other States recently, owing to which fruit/horticultural crop has not reached export markets in sufficient quantity.
2. Rupee is frequently getting depreciated against US dollar.
3. Some major economies of the world are passing through the phase of economic recession. Hence many export orders are cancelled.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3 only
(E) None of these
Ans : (C)
43. Lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of ‘M’ in ‘M-Banking’ ?
(A) Money
(B) Marginal
(C) Message
(D) Mutual Fund
(E) Mobile Phone
Ans : (E)
44. While talking to the Press/Media/Group of experts in Singapore the former Governor of RBI, Dr. Y. V. Reddy, said that the impact of global financial turmoil will be less on Asia. What in opinion of the people like Dr. Reddy are the strengths of Asian Financial System which will help it to sustain the turmoil ? (Pickup correct statement(s) as your answer.)
1. Banks in Asia are better capitalized and are not much exposed to sophisticated derivatives.
2. Asian economies were in a high growth mode and hence they have better ability to withstand the crisis.
3. Most of the Asian countries used to enjoy a strong fiscal position and current account surpluses in the past. This has given them an ability to bail out a failing financial institution in case it appeared.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)
45. Which of the following is/are true about the ‘Sub-Prime Crisis’ ?
(i) It is a mortgage crisis referring to credit default by the borrowers.
(ii) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.
(iii) This crisis originated because of negligence in credit rating of the borrowers.
(A) Only (i)
(B) Only (ii)
(C) Only (iii)
(D) All (i), (ii) and (iii)
(E) None of these
Ans : (D)
46. Subsequent to the RBI’s move of reducing the CRR, the industry Chambers in India are demanding for softened interest rates. How will this demand of softened interest rates help the industry ?
1. It will give a push-up to new investments and augment the demand of new proposals for more credits.
2. The move will help in creation of many new employment opportunities.
3. It will strengthen the position of the Stock Markets in India.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (C)
47. Which of the following is not the part of the structure of the Financial System in India ?
(A) Industrial Finance
(B) Agricultural Finance
(C) Government Finance
(D) Development Finance
(E) Personal Finance
Ans : (E)
48. The recent decision of the RBI to cut Cash Reserve Ratio (CRR) by 150 basis points (October 2008) will be able to infuse how much liquidity into the market ?
(A) Rs. 10,000 crore
(B) Rs. 30,000 crore
(C) Rs. 40,000 crore
(D) Rs. 50,000 crore
(E) None of these
Ans : (E)
49. Which of the following is not the part of the scheduled banking structure in India ?
(A) Money Lenders
(B) Public Sector Banks
(C) Private Sector Banks
(D) Regional Rural Banks
(E) State Co-operative Banks
Ans : (A)
50. As per the reports published in the newspapers recently Indian Rupee was on depreciation and there was a time when the depreciation was about 17% in six months. Which of the following was/were the main cause(s) of this continuous fall ?
1. Foreign fund flow was very low.
2. There was heavy demand for the US dollar in the local forex market.
3. RBI all of a sudden decided to lower the CRR.
(A) Only 1
(B) Only 2
(C) Both 1 and 2 only
(D) Only 3
(E) All 1, 2 and 3
Ans : (C)
1. An instrument that derives its value from a specified underlying (currency, gold, stocks etc.) is known as—
(A) Derivative
(B) Securitisation Receipts
(C) Hedge Fund
(D) Factoring
(E) Venture Capital Funding
Ans : (C)
2. Which of the following crops cannot be called a Plantation Crop ?
(A) Wheat
(B) Oil Palm
(C) Rubber
(D) Coffee
(E) Coconut
Ans : (A)
3. Fiscal deficit is—
(A) total income less Govt. borrowing
(B) total payments less total receipts
(C) total payments less capital receipts
(D) total expenditure less total receipts excluding borrowing
(E) None of these
Ans : (D)
4. Which of the following is the name of the spacecraft launched by India as a part of Mission to Moon ?
(A) Moon-1
(B) Chandrayaan-1
(C) Kalpana
(D) RADOM
(E) None of these
Ans : (B)
5. In the Capital Market, the term arbitrage is used with reference to—
(A) purchase of securities to cover the sale
(B) sale of securities to reduce the loss on purchase
(C) simultaneous purchase and sale of securities to make profits from price
(D) variation in different markets
(E) Any of the above
Ans : (C)
6. As per the reports published by the World Bank what percentage of Indian population lives below the new International Poverty Line ?
(A) 30%
(B) 62%
(C) 52%
(D) 42%
(E) 68%
Ans : (D)
7. Reverse repo means—
(A) Injecting liquidity by the Central Bank of a country through purchase of Govt. securities
(B) Absorption of liquidity from the market by sale of Govt. securities
(C) Balancing liquidity with a view to enhancing economic growth rate
(D) Improving the position of availability of the securities in the market
(E) Any of the above
Ans : (A)
8. Which of the following is not a ‘Social Sector Programme’ run by the Govt. of India ?
(A) National Rural Health Mission
(B) Sarva Shiksha Abhiyan
(C) Mid-Day Meal Scheme
(D) Integrated Child Development Services
(E) Bharat Nirman
Ans : (A)
9. The stance of RBI monetary policy is—
(A) inflation control with adequate liquidity for growth
(B) improving credit quality of the Banks
(C) strengthening credit delivery mechanism
(D) supporting investment demand in the economy
(E) Any of the above
Ans : (E)
10. In order to augment Credit flow to small and poor borrowers, commercial banks are required to provide how much percentage of their priority sector advances to weaker sections of the society ?
(A) 15%
(B) 20%
(C) 30%
(D) 25%
(E) 35%
Ans : (D)
11. Currency Swap is an instrument to manage—
(A) Currency risk
(B) interest rate risk
(C) currency and interest rate risk
(D) cash flows in different currencies
(E) All of the above
Ans : (D)
12. As reported in some newspapers/magazines a large number of children/infants are falling sick because of the use of melamine contaminated dairy products in the world. Due to this many countries like Africa, Japan, Singapore, etc. have stopped import of these products. Which of the following countries was the main exporter of such products ?
(A) China
(B) Bangladesh
(C) Pakistan
(D) Iran
(E) None of these
Ans : (A)
13. ‘Sub-prime’ refers to—
(A) lending done by banks at rates below PLR
(B) funds raised by the banks at sub-Libor rates
(C) Group of banks which are not rated as prime banks as per Banker’s Almanac
(D) lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards
(E) All of the above
Ans : (D)
14. Which of the following is the abbreviated name of the programme launched in India for the economic empowerment of persons with severe to profound disabilities ?
(A) ARUNIM
(B) NREGA
(C) GCMMF
(D) UNCTAD
(E) SCOPE
Ans : (B)
15. Euro Bond is an instrument—
(A) issued in the European market
(B) issued in Euro Currency
(C) issued in a country other than the country of the currency of the Bond
(D) All of the above
(E) None of these
Ans : (C)
16. As per the recommendations of the 12th Finance Commission, what will be the share of the State Govts. in total shareable proceeds of Central taxes ?
(A) 15%
(B) 20·5%
(C) 22%
(D) 30·5%
(E) 35·5%
Ans : (D)
17. Money Laundering normally involves—
(A) placement of funds
(B) layering of funds
(C) integration of funds
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)
Ans : (D)
18. Which of the following is/are objective(s) of the ‘Rural Drinking water supply Programme’ launched by the Govt. of India ?
1. Supply safe drinking water to all villages.
2. Assisting local communities to maintain sources of safe drinking water in good condition.
3. Giving special attention for water supply to Scheduled Caste and Scheduled Tribes.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)
19. The IMF and the World Bank were conceived as institutions to—
(A) strengthen international economic co-operation and to help create a more stable and prosperous global economy
(B) IMF promotes international monetary cooperation
(C) The World Bank promotes long term economic development and poverty reduction
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)
Ans : (D)
20. Which of the following is not a Source of Tax Revenue collected by the Govt. of India ?
(A) Custom Duty
(B) Excise Duty
(C) Income Tax
(D) Service Tax
(E) Dividends and Profits
Ans : (E)
21. Capital Market Regulator is—
(A) RBI
(B) IRDA
(C) NSE
(D) BSE
(E) SEBI
Ans : (E)
22. Asif Ali Zardari who has taken over as the new President of Pakistan is from which of the following political Parties ?
(A) Pakistan Muslim League
(B) Awami League
(C) Pakistan People’s Party
(D) Pakistan National Congress
(E) None of these
Ans : (C)
23. In the term BRIC, R stands for—
(A) Romania
(B) Rajithan
(C) Russia
(D) Regulation
(E) None of these
Ans : (C)
24. India is now out of the nuclear sanction imposed on it about 16 years back. This sanction was imposed by which of the following organisations ?
(A) Nuclear Suppliers Group (NSG)
(B) Organisation of Petroleum Exporting Countries (OPEC)
(C) INTERPOL
(D) UN Security Council
(E) None of these
Ans : (A)
25. FDI refers to—
(A) Fixed Deposit Interest
(B) Fixed Deposit Investment
(C) Foreign Direct Investment
(D) Future Derivative Investment
(E) None of these
Ans : (C)
26. Very often we read in newspapers about the Foreign Direct Investment (FDI) Through Automatic Route. What is meant by Automatic Route ?
1. It is a process which allows foreign investors to trade shares of any Indian Company on day-to-day basis openly in stock markets.
2. It is a process by which Indian Companies are allowed to issue shares to any foreign investor as a part of their paid up Capital in the project in which they have made an investment.
3. It is a process in which all foreign investors are asked to make all their investments in Indian projects in rupee currency only and that too in cash only. Technical knowhow or any other type of participation is not allowed as a part of investment.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) All 1, 2 and 3
Ans : (A)
27. What is Call Money ?
(A) Money borrowed or lent for a day or over night
(B) Money borrowed for more than one day but upto 3 days
(C) Money borrowed for more than one day but upto 7 days
(D) Money borrowed for more than one day but upto 14 days
(E) None of these
Ans : (A)
28. The Govt. of India is planning to introduce a ‘National Security Exception Act’ in the Parliament, which will work on the lines of Exxon-Florio provision prevalent in the USA. What is the purpose of the proposed Act ?
1. The Act is a part of Indo-US Nuclear Pact as this only will allow India to start building nuclear facilities in the country.
2. The Act will empower the Govt. of India to stall any foreign Company from acquiring any local asset (FDI) if it is found to be compromising with national security.
3. The Act will empower the Govt. of India to control terrorism in a better way as all e-services will be under thorough scrutiny by security agencies.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) All 1, 2 and 3
Ans : (C)
29. Which is the first Indian company to be listed in NASDAQ ?
(A) Reliance
(B) TCS
(C) HCL
(D) Infosys
(E) None of these
Ans : (D)
30. Which of the following is not included in the list of UN Millennium Goals ?
(A) Eradicate extreme poverty and hunger
(B) Develop a global partnership for development
(C) Promote Gender equality
(D) Reduce Child Mortality
(E) Make World Nuclear free
Ans : (E)
31. Which of the following is the Regulator of the credit rating agencies in India ?
(A) RBI
(B) SBI
(C) SIDBI
(D) SEBI
(E) None of these
Ans : (D)
32. Which of the following agencies/bodies has asked all foreign funds to come forward and register itself as Foreign Institutional Investments (FIIs) prior to any investment in India ?
(A) RBI
(B) SEBI
(C) IBA
(D) Registrar of Companies
(E) None of these
Ans : (B)
33. Who is Brand Endorsing Personality of Bank of Baroda ?
(A) Juhi Chawla
(B) Kiran Bedi
(C) Amitabh Bachchan
(D) Kapil Dev
(E) None of these
Ans : (E)
34. Who amongst the following Indian players could not win any medal in Beijing Olympic 2008 ?
(A) Sushil Kumar
(B) Abhinav Bindra
(C) Anjali Bhagwat
(D) Jitendra Kumar
(E) Saina Nehwal
Ans : (C)
35. The branding line of Bank of Baroda is—
(A) International Bank of India
(B) India’s International Bank
(C) India’s Multinational Bank
(D) World’s local Bank
(E) None of these
Ans : (B)
36. India recently signed an agreement in the field of hydrocarbon with which of the following countries for which Hernan Martinez Torres, Minister of Energy of that country was in India ?
(A) Zambia
(B) Ukraine
(C) Colombia
(D) Turkey
(E) None of these
Ans : (C)
37. The logo of Bank of Baroda is known as—
(A) Sun of Bank of Baroda
(B) Baroda Sun
(C) Bank of Baroda’s Rays
(D) Sunlight of Bank of Baroda
(E) None of these
Ans : (B)
38. Which of the following countries has asked India to scrap Kosi River Pact, the river which created a havoc in Bihar recently ?
(A) Bangladesh
(B) Pakistan
(C) China
(D) Nepal
(E) Bhutan
Ans : (D)
39. Which of the following statements(s) is/are True about the exports of China which is a close competitor of India ?
(i) China’s economic success is basically on the fact that it exports cheaper goods to rich nations like the USA, etc.
(ii) In the year 2007 China’s exports became almost 40% of its GDP.
(iii) When compared to India China’s share in the World Exports is more than 30% whereas India’s share is mere 6% of the global exports.
(A) Only (i)
(B) Only (ii)
(C) Both (i) and (ii)
(D) All (i), (ii) and (iii)
(E) None of these
Ans : (C)
40. Which of the following is the amount of the relief package announced by the Prime Minister of India for Flood-hit Bihar ?
(A) Rs. 1000 crore
(B) Rs. 1010 crore
(C) Rs. 1050 crore
(D) Rs. 1100 crore
(E) Rs. 1120 crore
Ans : (B)
41. One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general ?
(A) Know Your Customer Norms
(B) Banking Regulation Act
(C) Negotiable Instrument Act
(D) Narcotics and Psychotropic Substance Act
(E) None of these
Ans : (E)
42. As reported in the newspapers some people are of the opinion that India may not be able to achieve its export targets set for the year 2008-09. Which of the following is/are the reason(s) of their worry ?
1. There was a major flood in some parts of Bihar, Orissa, Gujarat and some other States recently, owing to which fruit/horticultural crop has not reached export markets in sufficient quantity.
2. Rupee is frequently getting depreciated against US dollar.
3. Some major economies of the world are passing through the phase of economic recession. Hence many export orders are cancelled.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3 only
(E) None of these
Ans : (C)
43. Lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of ‘M’ in ‘M-Banking’ ?
(A) Money
(B) Marginal
(C) Message
(D) Mutual Fund
(E) Mobile Phone
Ans : (E)
44. While talking to the Press/Media/Group of experts in Singapore the former Governor of RBI, Dr. Y. V. Reddy, said that the impact of global financial turmoil will be less on Asia. What in opinion of the people like Dr. Reddy are the strengths of Asian Financial System which will help it to sustain the turmoil ? (Pickup correct statement(s) as your answer.)
1. Banks in Asia are better capitalized and are not much exposed to sophisticated derivatives.
2. Asian economies were in a high growth mode and hence they have better ability to withstand the crisis.
3. Most of the Asian countries used to enjoy a strong fiscal position and current account surpluses in the past. This has given them an ability to bail out a failing financial institution in case it appeared.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)
45. Which of the following is/are true about the ‘Sub-Prime Crisis’ ?
(i) It is a mortgage crisis referring to credit default by the borrowers.
(ii) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.
(iii) This crisis originated because of negligence in credit rating of the borrowers.
(A) Only (i)
(B) Only (ii)
(C) Only (iii)
(D) All (i), (ii) and (iii)
(E) None of these
Ans : (D)
46. Subsequent to the RBI’s move of reducing the CRR, the industry Chambers in India are demanding for softened interest rates. How will this demand of softened interest rates help the industry ?
1. It will give a push-up to new investments and augment the demand of new proposals for more credits.
2. The move will help in creation of many new employment opportunities.
3. It will strengthen the position of the Stock Markets in India.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (C)
47. Which of the following is not the part of the structure of the Financial System in India ?
(A) Industrial Finance
(B) Agricultural Finance
(C) Government Finance
(D) Development Finance
(E) Personal Finance
Ans : (E)
48. The recent decision of the RBI to cut Cash Reserve Ratio (CRR) by 150 basis points (October 2008) will be able to infuse how much liquidity into the market ?
(A) Rs. 10,000 crore
(B) Rs. 30,000 crore
(C) Rs. 40,000 crore
(D) Rs. 50,000 crore
(E) None of these
Ans : (E)
49. Which of the following is not the part of the scheduled banking structure in India ?
(A) Money Lenders
(B) Public Sector Banks
(C) Private Sector Banks
(D) Regional Rural Banks
(E) State Co-operative Banks
Ans : (A)
50. As per the reports published in the newspapers recently Indian Rupee was on depreciation and there was a time when the depreciation was about 17% in six months. Which of the following was/were the main cause(s) of this continuous fall ?
1. Foreign fund flow was very low.
2. There was heavy demand for the US dollar in the local forex market.
3. RBI all of a sudden decided to lower the CRR.
(A) Only 1
(B) Only 2
(C) Both 1 and 2 only
(D) Only 3
(E) All 1, 2 and 3
Ans : (C)
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