Sunday 20 October 2013

General Awareness Practice Questions

1. Recently who received the Mahatma Gandhi International Award for Peace and Reconciliation?
1) Angela Merkel of Germany
2) Ellen Johnson Sirleaf of Liberia
3) Brigalia Bam of South Africa
4) Azim Premji of India
5) None of above

2. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed?
1) Ponzi schemes
2) Micro Finance System
3) Money Laundering Schemes
4) Money tampering finance
5) Super vision Finance

3. The following statements are related to Micro Finance system. Locate the wrong option.
1) It provides micro credit having scope for small savings and remittance of funds
2) It based on the principle of livelihood creation
3) The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income
4) High volumes of low transactions done through this system
5) None

4. Who introduced the concept of Microfinance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of microfinance systems''.
1) C.D.Deshmuck
2) Amartya Sen
3) Muhammad Yunus
 4) Sheik Hassena
5) Muzibaer Rehman

5. The beneficiaries of Micro finance business is?
1) Land less labour
2) Marginal farmers
3) Vendors in the small markets
4) Hawkers
5) All of above

6. Salustiano Sanchez is the?
1) Highest goal maker in SAAF foot ball contest
2) First pilot of C-17 transport aircraft carrier
3) Japan prime minister visiting USA for Arms Reduction Talks
4) World oldest man recently died
5) None

7. The Micro Finance Institutions (MFI) differ from one another in terms of?
1) Product offering
2) Loan repayment structure
3) Product offerings
4) Legal structure
5) All of above

8. Indian Micro Finance Institutes (MFI) usually adopt the group-based lending models, which are of two types, SHG model and JLG model. SHG means Self Help Group and JLG means?
1) Joint Liability Game
2) Josh Liability Group
3) Joint Loan Group
4) Joint Liability Group
5) None

9. To control high rate interest rates, coercive collections and illegal insurance practices by the Micro Finance Institutes, Andhra Pradesh government passed Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Act in?
1) 2013
2) 2005
3) 2007
4) 2009
5) 2011

10. In the Not-For-profit Micro Finance Institutes, which among the following are included?
1) Societies
2) Public Trusts
3) Non-profit companies
4) All of above
5) None

11. One of the delivery channel for Micro Finance is SHG model. SHG means?
1) Soar Help Group
2) Sake Help Group
3) Self Hope Group
4) Store Help Group
5) Self Help Group

12. Co-operatives registered under state or National Acts and MACS come under Mutual benefit MFIs. MACS means?
1) Moral-Aided Co-operative Societies
2) Mint-Aided Co-operative Societies
3) Mutually-Aided Co-operative Societies
4) Mutually-Aided Co-ordinate Societies
5) None

13. Non-banking financial companies, producer companies and LAB come under the category of For-Profit -MFIs. LAB means?
1) Loan Area Banks
2) Legal Area Banks
3) Local Axis Banks
4) Local Area Banks
5) None

14. SKS Microfinance Ltd, the only listed micro lender in the country founded by?
1) Sudipa Sen
2) M.B.N.Rao
3) Kunal Ghosh
4) Vikram Akula
5) None

15. Who launched an 'India Microfinance Platform', a portal on microfinance activities across the country, with the assistance of World bank funds on 28 June 2013?
1) SBI
2) ICICI
3) SIDBI
4) Exim Bank
5) NABARD

16. SIDBI related statements are given. Pick the wrong statement.
1) SIDBI means Small Industries Development Bank of India
2) It was established on April 2, 1990
3) It is the principal financial institution for the promotion, financing and development of industry in the small scale sector
4) Its head office is in Hyderabad
5) None

17. Chairman of SIDBI is?
1) S.K.Roy
2) T.C.A. Ranganathan
3) Sushil Muhnot
4) U.K.Sinha
5) Rahul Khullar

18. Which committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs (Non-Banking Finance Company - Micro Finance Institutes)?
1) C. Ranga Rajan
2) Chandra Sekhar
3) Y. H. Malegam
4) Tarapore
5) R.K. Sundaram

19. Recommendations of Malegam committee on Micro Finance Sector do not include ...
1) MFI should not charge more than 24 % of its disbursed loans.
2) Processing fee on the loan amount must not be more than 1%.
3) margin of interest to be not more than 20 percent.
4) MFIs should lend to an individual borrower only as a member of a JLG and should have the responsibility of ensuring that the borrower is not a member of another JLG.
5) Bank advances to MFIs should continue to enjoy 'priority sector lending' status.

20. On 9 October 2013 RBI announced set up a Technical Committee under the chairman ship of ............ to examine the feasibility of encrypted SMS-based fund transfers.
1) Anand Sinha
2) Raghu Ram Rajan
3) Urjith Patel
4) Pandu Ranga
5) Sambamurthy

21. State Bank of India first woman Chair person is?
1) Shubhalakshmi Panse
2) Chanda Kocchar
3) Nainal Lal Kidwai
4) Arundhati Bhattacharya
5) None

22. In order to invite more foreign exchange, the government of India intends to allow the banks to offer ......... as declared on 30 September 2013.
1) overburdened bonds
2) roll chunk bonds
3) euro facilitation bonds
4) quasi-sovereign bonds
5) None

23. Which member of the world bank group launched the Indian rupee denominated bond, may be the first step towards internationalization of the Indian currency?
1) IBRD
2) IDA
3) IFC
4) MIGA
5) IMF

24. On 3 October 2013, CCEA approved the Rashtriya Uchchatar Shiksha Abhiyan (RUSA) for reforming .........
1) Primary education
2) Mid school education
3) Technical education
4) Distance education
5) Higher education

25. Details of current account deficit (CAD) given. Pick the wrong option.
1) CAD of first quarter of 2013-14 registered at 4.9 per cent of GDP.
2) High imports of gold and oil largely led to a worsening of the deficit.
3) 4.4 % CAD registered in the corresponding Q 1 of the previous financial year.
4) By 2014-15, CAD will be reduced to 3.0% as per the statement of FM in the Budget 2013-14.
5) None

26. On 17 September 2013, the Customs Duty on Articles of Jewellery and of Goldsmiths' or Silversmiths' Wares revised from 10 % to ...
1) 36 %
2) 24 %
3) 20%
4) 18%
5) 15%

27. FIU has begun a probe into the transactions of investors and owners of crisis-ridden National Spot Exchange Limited (NSEL). FIU means?
1) Financial Intelligence Unit
2) Financial Insurance Unit
3) First Intelligence Unit
4) Financial Inject Unit
5) None

28. National Spot Exchange Limited promoted by?
1) Rana Kapoor
2) Chanda Kochhar
3) Raja Promod
4) Jignesh Sha
5) None

29. New class of Foreign Portfolio Investor (FPI) regulations given by SEBI on 5 Oct 2013. Locate the wrong option.
1) KYC (Know Your Client) requirements and other registration procedures would be much simpler for FPIs compared to current practices.
2) SEBI grants permanent registration to them compare to current practice of granting approvals for one year or five years.
3) All existing FIIs (Foreign Institutional Investors) their Sub Accounts and QFI (Qualified Foreign Investors) will be eventually merged into this new investor class to be known as FPIs.
4) FPI not allowed from USA.
5) FPIs would be allowed to invest across a host of the capital market segments, including in shares, debentures, warrants, mutual funds, collective investment schemes, derivatives, treasury bills and government securities.

30. Who is the Chairman of Competition Commission of India?
1) K.Subramanyam
2) D.Subba Rao
3) Ashok Chawla
4) U.K.Sinha
5) Yogesh Agarwal

31. Annual Plenary Meetings of IMF and World Bank on 11th and 12th October, 2013 held at ........
1) Washington D.C
2) Rome
3) London
4) Paris
5) Manila

32. 11th India-ASEAN summit began in .......
1) Brunei
2) Indonesia
3) Japan
4) Singapore
5) Philippines

33. Which Indian Batsman was appointed as the brand ambassador of Border Security Force?
1) Sachin Tendulkar
2) Yuvraj Singh
3) Virat Kohli
4) V.V.S.Laxman
5) Sunil Gavaskar

34. Nobel Prize in Literature 2013 conferred on Alice Munro. She belongs to ........
1) Israel
2) Ireland
3) USA
4) Canada
5) UK

35. India and which country decided to observe year 2014 as the year of Friendly Exchanges?
1) Indonesia
2) Pakistan
3) France
4) China
5) Maldives

36. Which Chinese politician has been recently gets life sentence on graft charges?
1) Li Keqiang
2) Xi Jinping
3) Bo Xila
4) Zhang Dejiang
5) None

37. Which party got more seats in Northern Provincial Elections of Sri Lanka?
1) United Progressive Tamil Alliance (UPTA)
2) Liberation of Tamil Tigers Eelam (LTTE)
3) Tamil National Alliance (TNA)
4) United People's Freedom Alliance (UPFA)
5) None

38. Who is the chairman of National Integration Council?
1) Loksabha Speaker
2) Rajyasabha Deputy Chairman
3) Prime Minister
4) Supreme Court Chief Justice
5) None

ANSWERS:
1-3, 2-2, 3-5, 4-3, 5-5, 6-4, 7-5, 8-4, 9-5, 10-4
11-5, 12-3, 13-4, 14-4, 15-3, 16-4, 17-3, 18-3, 19-3, 20-5
21-4, 22-4, 23-3, 24-5, 25-4, 26-5, 27-1, 28-4, 29-4, 30-3
31-1, 32-1, 33-3, 34-4, 35-4, 36-3, 37-3, 38-3

1 comment:

  1. please provide all these in a pdf file for easy access

    ReplyDelete