Showing posts with label PRACTICE QUESTIONS. Show all posts
Showing posts with label PRACTICE QUESTIONS. Show all posts

Thursday 11 October 2012

BANKING AWARENESS PRACTICE MCQs


1. Which of the following is known as Plastic Money?
A) Demand Draft
B) Credit Card
C) Debit Card
1) Only A
2) Only B
3) Only C
4) Both B and C
5) All A, B and C

2. KYC guidelines followed by banks have been framed on the recommendations of the ...........
1) Ministry of Home Affairs
2) Ministry of Information Technology and Human Resource Development
3) Indian Banks Association
4) Ministry of Finance
5) Reserve Bank of India

3. Business Correspondents in banking are for:
1) Providing services for the Platinum Customers
2) Providing services for children
3) Serving the educational institutions
4) Serving the weaker sections of society
5) None of these

4. What is the full form of FDI?
1) Foreign Development Investment
2) Fiscal Development Investment
3) Foreign Direct Investment
4) Fiscal Direct Investment
5) None of these

5. CMD of a public sector bank is appointed by:
1) Reserve Bank of India
2) Indian Banks Association
3) Central Government
4) Respective Bank's Board of Directors
5) None of these

6. What is the current Statutory Liquidity Ratio?
1) 23 %
2) 24 %
3) 20%
4) 4.5%
5) None of these

7. Expand CTS.
1) Cheque Truncation System
2) Cash Transaction System
3) Current Transaction System
4) Credit Truncation System
5) None of the above

8. Micro finance development equity fund is managed by:
1) RBI
2) NABARD
3) Indian Banks Association
4) Asian Development Bank
5) None of these

9. What is the full form of LIBOR?
1) London Inter - Bank Offer Rate
2) Liquidity Inter - Bank Offer Rate
3) Liquidity International Bank Offer Rate
4) London International Bank Rate
5) None of these

10. Which of the following does not come under core sector?
1) Crude Oil
2) Natural Gas
3) Coal
4) Electricity
5) Automobile


Thursday 20 September 2012

GENERAL AWARENESS MCQs FOR BANK EXAMS


1. What is the revised growth rate target for the 12th Five Year Plan (2012-2017)?
1) 9%
2) 8%
3) 8.2%
4) 8.5%
5) 9.5%

2. Which Indian author has been short listed for this year's Man Booker Prize for his novel 'Narcopolis', a dark tale about the opium and heroin dens of Mumbai?
1) Aravind Adiga
2) Jeet Thayil
3) Amitav Ghosh
4) Chetan Bhagat
5) Rahul Bhattacharya

3. John Baird visited India and held talks with S.M.Krishna in September 2012. Baird is the Foreign Minister of which of the following countries?
1) France
2) Argentina
3) Canada
4) U.K.
5) Australia

4. Prince Salman bin Abdul Aziz was named the crown prince of which of the following countries on June 18, 2012?
1) Kuwait
2) Bahrain
3) Yemen
4) Oman
5) Saudi Arabia

5. Which of the following state-ments about G-20 is not true?
1) The G-20 includes 19 country members and the European Union.
2) G-20 was started in 2008 and accounts for 2/3rd of world's population and 80% of the world's GDP.
3) The seventh G-20 Summit was held at Los Cabos, Mexico on June 18-19, 2012.
4) The next G-20 Summit will be held in September 2013 in Saint Petersburg, South Africa.
5) At the Los Cabos Summit BRICS countries have pledged $75

6. Who took over as Director of the Bhabha Atomic Research Centre (BARC), Trombay from Ratan Kumar Sinha on June 19, 2012?
1) S.K.Jain
2) V.K.Saraswat
3) Srikumar Banerjee
4) Sekhar Basu
5) None of these

7. What is the new name of the former Soviet aircraft carrier Admiral Gorshkov, which has been procured by India?
1) INS Vikrant
2) INS Viraat
3) INS Vikramaditya
4) INS Chakra
5) INS Arihant

8. Which of the following Indian Institutes of Technology (IITs) will start Dr. Bidhan Chandra Roy Institute of Medical Science and Research?
1) IIT, Bombay
2) IIT, Madras
3) IIT, Hyderabad
4) IIT, Kanpur
5) IIT, Kharagpur

9. American President Barack Obama awarded the Presidential Medal of Freedom to Shimon Peres on June 13, 2012. Peres is the President of which of the following countries?
1) Poland
2) Belarus
3) Israel
4) Germany
5) Slovakia

10. The Nuclear Power Corporation of India Limited (NPCIL) will launch how many reactors during the 12th Plan period (2012-2017)?
1) 12
2) 16
3) 10
4) 11
5) 13

Tuesday 28 August 2012

GENERAL AWARENESS MCQs FOR BANK EXAMS

1. Gulab Kothari has won which of the following awards for the year 2011?
1) Saraswati Samman
2) Moorti Devi Award
3) Jnanpith Award
4) Vyas Samman
5) None of these

2. Ramadevarabetta in Ramana-garam district has been declared as a vulture sanctuary. In which state is this sanctuary located?
1) Kerala
2) Tamil Nadu
3) Karnataka
4) Maharashtra
5) None of these

3. Who was sworn in as Hong Kong’s new chief executive on July 1, 2012?
1) Leung Chun-Ying
2) Donald Tsang
3) Ronald Arculli
4) Chung Sze-Yuen
5) None of these

4. The Templeton Prize honors a living person who has made an exceptional contribution to affirming life’s spiritual dimension. Who won the 2012 Templeton Prize, the largest annual monetary award given to an individual?
1) Martin Rees
2) Michael Heller
3) The Dalai Lama
4) Charles Taylor
5) Francisco Jose Ayala

5. “No Apology: The Case for American Greatness” is a book written by?
1) Barack Obama
2) Joe Biden
3) George Bush
4) Mitt Romney
5) Bobby Jindal

6. Who received the 2011 Dadasaheb Phalke Award, the highest honour in Indian cinema given annually by the Govern-ment of India for lifetime contribution?
1) Tapan Sinha
2)Shyam Benegal
3) D.Ramanaidu
4) Mrinal Sen
5) Soumitra Chatterjee

7. Which of the following films was declared the Best Children Film at the 59th National Film Awards for the year 2011?
1) Stanley Ka Dabba
2) The Blue Umbrella
3) Keshu
4) Chillar Party
5) None of these

Tuesday 21 August 2012

GENERAL EXPECTED QUESTIONS FOR BANK EXAMS


1. Who was appointed as the Chief Economic Advisor (CEA) in the Finance Ministry in August 2012?
1) Kaushik Basu
2) C. Rangarajan
3) Y.V.Reddy
4) Raghuram Rajan
5) Ajay Chhibber

2. Which city hosted the 20th ASEAN Summit on April 3, 2012?
1) Jakarta (Indonesia)
2) Phnom Penh (Cambodia)
3) Manila (Philippines)
4) Bangkok (Thailand)
5) Hanoi (Vietnam)

3. India launched its third research station in Antarctica recently. What is its name?
1) Dakshin Gangotri
2) Maitri
3) Bharti
4) Bhuvan
5) Akash

4. Ahmed Ben Bella passed away on April 11, 2012. He was the first President of which of the following African countries from 1963 to 1965?
1) Morocco
2) Tunisia
3) Mauritania
4) Algeria
5) Egypt

5. Which of the following statements about the Nuclear Security Summit is not true?
1) The second Nuclear Security Summit was held in Seoul, South Korea on March 26-27, 2012.
2) The leaders from 53 nations called for strong steps to combat nuclear terrorism.
3) The leaders also called for safeguarding world stockpiles of Highly Enriched Uranium (HEU) and Plutonium.
4) The next Summit will be held in Washington in 2014.
5) The Prime Minister Dr. Manmohan Singh announced that India
would contribute 1 million US dollars to the IAEA's Nuclear Security Fund for 2012-13.

6. Who became the President of Germany on March 18, 2012?
1) Angela Merkel
2) Joachim Gauck
3) Christian Wulff
4) Horst Kohler
5) Sigmar Gabriel

7. Who has been appointed as the Pakistan's High Commissioner to India?
1) Sherry Rehman
2) Hina Rabbani Khar
3) Salman Bashir
4) Riaz Mohammad Khan
5) None of these

8. N.K.P.Salve passed away recently. He was the former president of which of the following sports governing bodies?
1) AIFF
2) IOA
3) BCCI
4) ICC
5) IPL

9. Who was re-elected the General Secretary of the Communist Party of India (Marxist) in April 2012?
1) V.S.Achuthanandan
2) Prakash Karat
3) A.K.Padmanabhan
4) Buddhadeb Bhattacharjee
5) Sitaram Yechury

10. The Swavalamban pension scheme is targeted to benefit which of the following workers?
1) Anganwadi workers
2) Construction workers
3) Fishermen
4) Dairy workers
5) All the above

Friday 8 June 2012

BANKING AWARENESS PRACTICE MCQs


1. When Government of India was approved SBISBS Merger ?
(A) In August 2007
(B) In August 2009
(C) In March 2011
(D) In July 2011
See Answer:(A)

2. When RBI made compulsory to the Basel II norms for Banks ?
(A) March 31, 2007
(B) March 31, 2008
(C) March 31, 2010
 (D) March 31, 2011
See Answer:(B)

3. Which bill passed for reducing the minimum level of government's shareholding in equity of SBI from 55 per cent to 51 per cent ?
(A) SBI (Amendment) Bill 2009
(B) SBI (Amendment) Bill 2010
(C) RBI (Amendment) Bill 2012
(D) None of these
See Answer:(B)

4. The Reverse Repo rate as announced by RBI on April 17, 2012 stand at—
(A) 7•0%
(B) 9•0%
(C) 8•0%
(D) 8•5%
See Answer:(A)

5. The new president of ASSOCHAM for the year 2012-13 is—
(A) Dilip Modi
(B) R. V. Kanoria
(C) Raj Kumar Dhoot
(D) N. L. Kidwai
See Answer:(C)

6. The saving-investment gap during 2010-11 has been estimated at—
(A) 2•8% of GDP 

(B) 3•0% of GDP
(C) 3•2% of GDP 

(D) 3•8% of GDP
See Answer:(A)

7. The pace of credit growth for Private Sector banks increased to 11•7 per cent during—
(A) 2010 -11 

(B) 2009 -10
(C) 2012 -13 

(D) 2008 -10
See Answer:(B)

8. According to RBI, bank loan registered a growth of 21•38 per cent in—
(A) 2010-11 

(B) 2009-10
(C) 2010-12 

(D) 2011-12
See Answer:(A)

9. As per RBI, bank deposits growth stood at....... in 2010-11.
(A) 12% 

(B) 13%
(C) 15•84% 

(D) 14•13%
See Answer:(C)

10. RBI has projected growth of 17% in bank deposits for the entire financial year—
(A) 2011-12 

(B) 2010-11
(C) 2011-13 

(D) 2012-13
See Answer:(A)

BANKING AWARENESS MCQs

1. For the development of the banking facilities in the rural areas the Imperial Bank of India was partially nationalised on—
(A) June 1, 1940
(B) June 1, 1942
(C) July 1, 1955
(D) July 1, 1949
Answer: July 1, 1955

2. The Imperial Bank of India was named as the—
(A) Reserve Bank of India
(B) State Bank of India
(C) Union Bank of India
(D) Bank of India
Answer: State Bank of India

3. Which is/are not an associated bank of SBI ?
(A) The State Bank of Hyderabad
(B) The Union Bank of India
(C) The State Bank of Bikaner and Jaipur
(D) The State Bank of Mysore
Answer: The Union Bank of India

4. In order to have more control over the banks, 14 large commercial banks whose reserves were more than Rs. 50 crore each were nationalized on—
(A) 19th July, 1969 

(B) 19th July, 1970
(C) 19th July, 1971 

(D) 19th July, 1972
Answer: 19th July, 1969

5. Which is not a nationalised bank ?
(A) Bank of India 

(B) Canara Bank
(C) AXIS Bank

 (D) Vijaya Bank
Answer: AXIS Bank

6. When the Government of India merged the New Bank of India with Punjab National Bank ?
(A) Sept. 4, 1993 

(B) July 1, 1990
(C) July 1, 1993 

(D) March 1, 1993
Answer: Sept. 4, 1993

7. Which is the Central Bank of India ?
(A) The Central Bank of India
(B) The State Bank of India
(C) The Reserve Bank of India
(D) The Union Bank of India
Answer: The Reserve Bank of India

8. The RBI was established in—
(A) 1935 

(B) 1940
(C) 1947 

(D) 1949
Answer: 1935

9. When RBI was set up, the Capital of the Bank was—
(A) 500 crore 

(B) 50 crore
(C) 15 crore 

(D) 5 crore
Answer: 5 crore

10. The general administration and direction of RBI is managed by a Central Board of Directors consisting of–
(A) 20 members 

(B) 15 members
(C) 5 members 

(D) 25 members
Answer: 20 members

Friday 25 May 2012

BANKING AWARENESS PRACTICE QUESTIONS

1. First Governor of RBI was – 
a) Hilton Young
b) Paul Samuelson
c) C.D.Deskmukh
d) O.A Smith
Ans. d) O.A Smith

2. At the time of nationalization who was the Governor of RBI-
a) O.A Smith
b) J.B Taylor
c) C.D. Deshmukh
d) K.C.Neogy
Ans. c) C.D. Deshmukh 

3. The RBI was nationalized in the year –
a)1949
b)1956
c)1959
d)1947
Ans. a)1949 

4. The general superintendence and director of the bank is entrusted to central board of directors of –
a)10 members
b) 20 members
c) 25 members
d)30 members
Ans. b) 20 members 

5. Paper currencies of our country are issued by RBI under –
a) Section- 22 of the RBI act -1934
b) Section- 24 of the RBI act -1934
c) Section- 28 of the RBI act -1934
d) None of these
Ans. a) Section- 22 of the RBI act -1934 

6. One rupee currency notes bear the signature of - 
a) PM
b) President of India
c) Governor of RBI
d) Finance Secretary of India
Ans. d) Finance Secretary of India

7. Ten rupees notes bear the signature of –
a) President
b) Finance Minister
c) Secretary of Ministry of finance
d) Governor of RBI
Ans. d) Governor of RBI

8. Which of the following is the banker of the banks –
a) IDBI
b) SBI
c) RBI
d)UTI
Ans. c) RBI 

9. In which of the following banks one can’t open a personal account –
a) Co-Operative Banks
b) Commercial banks
c) Regional Rural Banks
d) RBI
Ans. d) RBI

10. Which of the following banks is the banker to the government –
a) SBI
b) SEBI
c) RBI
d) IRDA
Ans. c) RBI 

11. Which of the followings are the function of RBI –
a) Regulation of currency and flowing of credit system
b) Maintaining exchange values of rupee
c) Formulating monetary policy of India
d) All of these
Ans. d) All of these

12. Credit rationing in India is done by –
a) SBI
b) LIC
c) UTI
d) RBI
Ans. d) RBI

13. The first bank of India was –
a) Bank of Hindusthan
b) Imperial Bank
c) Bank of Bengal
d) Oudh Commercial Bank
Ans. a) Bank of Hindusthan 

14. The first Indian fully liability and managed bank was –
a) PNB
b) Traders Bank
c) SBI
d) 0 Presidency Bank of India
Ans. a) PNB 

15. The rates at which the RBI extends credit to the commercial bank is called –
a) Bank Rate
b) Reverse Repo Rate
c)Interest Rate
d) None of these
Ans. a) Bank Rate 

16. In which of the following is not the any element of monetary policy of  RBI –
a) Bank rate
b) Open Market Operation
c) Public Expenditure
d) All of these
Ans. c) Public Expenditure 

17. 100 rupees note bears the signature of –
a) Governor of RBI
b) PM
c) Finance Secretary of India
d) Chairman of Finance Commission
Ans. a) Governor of RBI 

18. Which of the following is the last lender of the last resort of commercial bank-
a) SBI
b) Union Govt.
c) RBI
d) UTI
Ans. c) RBI 

19. The RBI is agent of central government and of all state government except –
a) Bihar
b) Goa
c) Jammu and Kashmir
d) Mizoram
Ans. c) Jammu and Kashmir 

20. Controller of credit of commercial banks in our country is –
a) RBI
b)SEBI
c) ICI
d)UTI
Ans. a) RBI 

21. The Banking Concept in India was first developed by –
a) British
b) French
c) Indian
d) None of these
Ans. a) British 

22. The rate at which RBI gives short term credit to the commercial banks against government securities with buy back provision is called –
a) Bank Rate
b) Repo Rate
c) Reverse repo rate
d) Interest rate
Ans. b) Repo Rate

23. The rate at which RBI takes loans from commercial banks is called –
a)  Repo Rate
b) Reverse Repo Rate
c) Bank Rate
d) Interest Rate
Ans. b) Reverse Repo Rate 

24. At present the Reverse Repo Rate of RBI is (As of 25th Nov) –
a) 8.25
b) 7.25
c) 7.50
d)8.50
Ans. d)8.50

25. Bank rate of RBI is also known as –
a) Interest Rate
b) Discount Rate
c) fed rate
d) bid rate
Ans. b) Discount Rate

26. Which of the following is not the any element of quantitative credit control policy of RBI –
a) CRR
b) SLR
c) Selective credit control
d) open market operation.
Ans. c) Selective credit control

27. At present CRR of RBI is –
a) 6%
b) 7.5%
c) 8.5%
d) none of these
Ans. a) 6%

28. The limitation of CRR of RBI is –
a)3-10 %
b) 3-15%
c) 15-38%
d) 10-25%
Ans. b) 3-15%

29. The apex organization of Indian money market is –
a)SBI
b) SEBI
c) RBI
d) IRDA
Ans. c) RBI

30. If the cash reserve is lowered by RBI, what will be its effect on credit creation –
a) Decrease
b) Increase
c) No Change
d) None of these
Ans. b) Increase

31. The expansion of money supply of an economy depends on –
a) The policy of CRR
b) The bank rate policy
c) Open market operation
d) All of these
Ans. d) All of these

32. Among the following who are eligible to benefit from the Mahatma Gandhi National Rural Employment Guarantee Act? –
a) Adult Members of only the scheduled caste and scheduled tribe holders
b) Adult of below poverty line household
c) Adult members of household of all backward community
d) adult members of any rural household
e) None of these
Ans. d) adult members of any rural household 

33. Which of the following banks merged with Punjab national banks in 1993 –
a) New bank of India
b) Central Bank of India
c) Imperial Bank of India
d) Common bank of India
Ans. a) New bank of India

34. A currency, the exchange values of which is expected to remain stable due to strong performance by it’s economy. This currency is –
a) Soft Currency
b) Hot currency
c) Fiat currency
d) None of these (Hard Currency)
Ans. d) None of these (Hard Currency)

35. The Reserve Bank of India issues under the following note issue method? –
a) Proportional Reserve System
b) Minimum Reserve System
c) Maximum Reserve System
d) Fixed Fiduciary System
Ans. b) Minimum Reserve System

36. What is a Scheduled Bank? –
a) A bank having Rs 10 Crore deposits
b) A bank having Rs 100 Crore deposits
c) A bank having Rs 5 Crore deposits
d) A bank included in the second schedule of RBI act 1934.
Ans. d) A bank included in the second schedule of RBI act 1934.

37. How many languages are used on a Ten Rupee note? –
a) 2
b) 7
c) 10
d) 15
e) 16
Ans. d) 15

38. The place where bankers meet and settle their mutual claims and accounts is known as –
a) Treasury
b) Clearing House
c) Dumping House
d) Collection centre
Ans. b) Clearing House

39. The largest Public sector bank in India –
a) SBI
b) PNB
c) RBI
d) ICICI
Ans. a) SBI

40. Which of the following is not the function of RBI –
a) Banker’s bank
b) Banker to public
c) custodian of foreign exchange
d) Bankers to Govt.
Ans. b) Banker to public

41. Who is responsible for the collection and publication of monetary and financial information-  
a) Finance Commission
b) Finance ministry
c) RBI
d) Auditor and Comptroller general of India
Ans. c) RBI

42. Which of the following regulatory authority  to oversee the new issues, protect the investment and investors, promote the development of Capital Market and regulate the working of Stock Exchange –
a) UTI b) IRDA
c) RBI
d) SEBI
e) None of these
Ans. d) SEBI

43. After a long span of 22 years, RBI released Rs.1000/- currency note for circulation in –
a) 2000
b) 2002
c) 2005
d) 2008
Ans. a) 2000

44. Regional Rural banks are working in all states of the country except –
a) Sikkim and Goa
b) Sikkim and Manipur
c) Manipur and Nagaland
d) Jammu and Kashmir
Ans. a) Sikkim and Goa

45. The National Housing Bank  is a subsidiary of –
a) RBI
b) NABARD
c) IDBI
d) UTI
Ans. a) RBI

46. At present the ceiling of Foreign Direct Investment (FDI) in insurance sector in India is –
a) 26%
b) 49%
c) 51%
d) 74%
Ans. a) 26%

47. Rs. 25 Paisa was ceased by the Govt of India on –
a) 30th june 2011
b) 30th July 2011
c) 1st January 2011
d) 1st July 2011
Ans. a) 30th june 2011

48. Initial Public Offering (IPO) is associated with –
a) RBI
b) Stock Exchange
c) IRDA
d) Indian Postal Service
Ans. b) Stock Exchange

49. The Basic regulatory authority for mutual funds and stock markets lies with the –
a) Government of India
b) Reserve Bank of India
c) Securities and Exchange Board of India (SEBI)
d) Stock Exchange
Ans. c) Securities and Exchange Board of India (SEBI)

50. Monetary policy Referes to the policy of –
a) Money Lenders
b) Government
c) Commercial Banks
d) RBI
Ans. d) RBI

Wednesday 23 November 2011

IBPS CWE GENERAL AWARENESS MODEL PAPER

1.Which of the following statements about new RBi policy on bank loans to non-banking finance companies (NBFCs) is / are correct ?
I) Bank loans to NBFCs will not come under 'priority sector' lending
II) NBFCs cannot charge a rate of interest higher than the RBI prescribed rate in lending funds borrowed from banks
III) The interest margin earned by NBFCs in lending funds borrowed from banks cannot exceed the ceiling prescribed by the RBI
1) I only   
2) I and II only
3) II only   
4) I and III only
5) None of these

2.Which of the following has proposed the setting up of a National Knowledge Functional Hub (NKFH) to facilitate interaction between the industry and institutions of higher education to produce better quality manpower recently ?
1) National Knowledge Commission
2) CII   
3) ASSOCHAM
4) FICCI   
5) None of these

3.The Reserve bank of India has increased the amount of money that can be loaded on mobile phones (mobile - wallet) to ..... from the existing limit of Rs. 5,000 recently
1) Rs. 10,000   
2) Rs. 15,000
3) Rs. 25,000   
4) Rs. 50,000
 5) None of these

4.What are 'structural adjustment programmes'?
1) Programmes to increase the spread of financial services in developing countries
2) Programmes to improve road safety in developing countries
3) Requirements to qualify for World Bank and IMF loans
4) UN building regulations for disaster preparedness
5) None of these

5.Nuclear plants in India have an 'Exclusion Zone' of .... surrounding the power station, in which no habitation is permitted.
1) 1.6 km   
2) 4.2 km
3) 8.4 km   
4) 11.6 km
5) None of these

6.Improving regulation of which of the following was the subject of the Finance Ministry appointed KP Krishnan Committee ?
1) Microfinance institutions
2) Mutual funds
3) General insurance companies
4) Credit rating agencies
5) None of these

7. 'Asha' is a low - priced milk food drink introduced for rural consumers by which of the following ?
1) Nestle  
2) Cadbury
3) Heinz   
4) GlaxoSmithKline
5) None of these

8.ONGC Videsh Ltd (OVL) signed an agreeemtn to acquire 25% stake in the Satpayev oil block in Central Asia recentlyh. Which of the following statements is / are correct ?
I) Satpayev s in Turkmenistan
II) Satpayev is in Black Sea
III) Satpayev is believed to hold 1.75 billion barrels of oil reserves
1) I only   
2) I and II only
3) II only   
4) III only
5) None of these

9.Which of the following is the new income tax return form for salaried employees introduced by the Finance Ministry recently ?
1) Suvidha   
2) Sugam
3) Sahaj   
4) Saral
5) None of these

10.The Commerce Ministry has launched 'Buyer's Credit under the National Export Insurance Account (NEIA)' to :
1) Facilitate foreign direct investment in India
2) Facilitate project exports of Indian companies
3) Facilitate acquisitions by Indian companies overseas
4) Facilitate employment of Indian professionals abroad
5) None of these

11.Which of the following banks has launched 'Tiny Cards' with biometric identification to expand the coverage of banking services in rural parts of the country ?
1) ICICI Bank   
2) NABARD
3) State Bank of India   
4) Bank of India   
5) None of these

12.Which of the following statements about IRDA guidelines for distance marketing of products issued recently is / are correct ?
I) Telemarketing of all Unit - Linked Insurance Products (ULIPs) has been disallowed
II) Only telemarketers trained by institutes accredited by IRDA can be employed
III) All telemarketing calls will have to be recorded
1) I only   
2) I and II only
3) I and III only  
4) II and III only
5) None of these

13.The Bureau of Energy Efficiency labelling is compulsory for all of the following except :
1) Laptops   
2) Frost-free refrigerators
3) Tubular fluorescent lamps
4) Ceiling fans  
5) None of these

14.What is the investment limit in plant and machinery for classification under Small Scale Industries ?
1) Rs. 10 lakh   
2) Rs. 50 lakh
3) Rs. 1 crore   
4) Rs. 10 crore
5) None of these

15.The government has recently decided to allow FIIs investment in infrastructure bonds upto ..... annually.
1) $5  billion   
2) $ 10 billion
3) $ 15 billion   
4) $ 25 billion
5) None of these

16.The term ASBA (Applications Supported by Blocked Amount) is used in which of the following financial services ?
1) General Insurance   
2) Capital markets
3) Life Insuracne   
4) Micro finance
5) None of these

17.The Government has decided to notify a provision exempting people of salary income up to ..... a year from filing returns
1) Rs. 2 lakh   
2) Rs. 2.5 lakh
3) Rs. 4 lakh   
4) Rs. 5 lakh
5) None of these

18.Which of the following is the largest mutual fund in India with assets under management (AUM) exceeding Rs. 100,000 crore on March 31, 2011 ?
1) UTI MF   
2) HDFC MF
3) Reliance MF   
4) birla Sun Life
5) None of these

19.Which of the following identifies and funds social welfare projects under its India Development Marketplace initiative ?
1) IMF   
2) USAID
3) Intel   
4) World Bank
5) None of these

20.Which of the following has been set up by the government to fund energy saving technologies recently ?
1) National Renewable Energy Fund
2) National Green Energy Fund
3) National Carbon Reduction Fund
4) National Clean Energy Fund
5) None of these

21.Which of the following is the new income tax return form for small businessmen and self-employed professionals introduced by the Finance Ministry recently ?
1) Suvidha   
2) Sugam
3) Sahaj   
4) Saral
5) None of these

22.A Committee was constituted to review the functioning fo the Central Economic Intelligence Bureau (CEIB) recently. What is the objective of CEIB ?
1) TO gie suggestions for promoting financial inclusion
2) TO compile data for calculating GDP growth and per capita income
3) To gather data on tax evasion and other financial crimes
4) To assist the RBI in formulating monetary policy
5) None of these

23.Mission Document of the National Water Mission (NWM) was approved byt he Union Cabinet recently. Which of the following statements is / are correct ?
I) NWM is one of the constituents of the National Action Plan for Climate Change
 II) Improving share of hydroelectricity in country's total energy production is one of the objective of NWM
III) NWM will adjudicate in water sharing disputes involving inter-state rivers
1) I only   
2) I and II only
3) I and II only   
4) II and III only
5) None of these

24.Which country's 'Zero Kero' LPG programme is being considred for use in India to encourage customers to switch from kerosene to LPG recently ?
1) Thailand   
2) Sri Lanka
3) Malaysia   
4) Indonesia
5) None of these

25.Which of the folowing was launched by Union Ministry for Youth Affairs and SPorts in association with National Skill Development Corporation (NSDC) at Imphal, Manipur recently?
1) Sports Employability SKill Project
2) Youth Skill Development Project
3) Youth Employability Skill Project
4) Tribal Employability Skill Project
5) None of these

26. Government has decided to introduce biometric ...... to weed out duplicate and fake ones recently
1) Debit cards   
2) Passports
3) Driving licenses   
4) PAN cards
5) None of these

27.Which country is the single largest source for foreign direct investment to India, accounting for 40 percent of FDI flows in the last ten years, according to the Reserve bank of India ?
1) USA   
2) UK
3) Singapore   
4) Mauritius
5) None of these

28.The government plans to set up a Green National Accounting (GNA) system to evaluate impact of economic growth on environment. Who has been selected as the Chairperson of the expert group on GNA ?
1) Parthasarathi Shome   
2) Madhav Gadgil   
3) Partha Dasgupta
4) B. Ulhas Karanth   
5) None of these

29.Global Assessment Report (GAR) of which of the following has complimented the Government of India for its National Rural Employment Guarantee Act (NREGA) recently ?
1) European Union   
2) ILO
3) IMF   
4) UN
5) None of these

30. The regulations pertaining to mergers and amalgamations (M & A) were issued by the Competition Commission of India (CCI) on May 12, 2011. Which of the following statements is / are correct ?
I) Overseas acquisitions of Indina companies with no impact on the domestic market will not come under the ambit of CCI
II) M & A deals that were initiated before June 1, 2011 will not come under the ambit of CCI
III) Scrutiny of all M & A deals will be completed by the CCI within 180 calendar days
1) I only   
2) I and II only
3) II and III only   
4) I, II and III
5) None of these

31.Which of then following statements about foreign investment in Limited Liability Partnership (LLP) companies is / are correct ?
I) FDI will be allowed in LLPs in sectors like mining, power, roads and highways, manufacturing activities, drugs and pharmaceuticals
II) FDI will not be allowed in LLPs engaged in agricultural and plantation activities, print media or real estate business
III) LLPs have been allowed to access external commercial borrowings
1) I only   
2) I and II only
3) II and III only   
4) III and I only
5) None of these

32.Which is the first state to introduce e-payment system for commercial tax payers recently ?
1) Maharashtra   
2) Uttarakhand
3) Karnataka   
4) Madhya Pradesh
5) None of these

33.Which of the following is not among the industries / sectors given priority in natural gas supply in the country ?
1) Fertiliser   
2) LPG
3) Steel   
4) Power
5) None of these

34.Where was the World Spice Organisation (WSO) set up recently ?
1) Kannur   
2) Kochi
3) Kollam   
4) Kottayam
5) None of these

35.Which of the following submitted a report titled 'Social Protection for a Changing India' - a comprehensive review of anti-poverty schemes such as PDS, MGNREGS, RSBY and IAY recently ?
1) World Economic Forum   
2) CMIE
3) World Bank       
4) IMF
5) None of these

36.Which of the following not one of the objectives of setting up the Warehousing Development and Regulatory Authority ?
1) To improve farm sector yiled
2) To enable farmers to avail of loans against foodgrains stored
3) To reduce post-harvest losses in foodgrain storage
 4) To prevent post-harvest distress sales by farmers
5) None of these

37.The government approved the revival of Scooters India Limited (SIL) through induction of a joint venture partner recently. SIL sells scooters under which trademark ?
1) Mayur   
2) Bharat
3) Vijay   
4) Vikram
5) None of these

38.The Petroleum Conservation and Research Association (PCRA) has unveiled plans to set up India's first Carbon Credit Aggregation Centre (CCA) in which state ?
1) Himachal Pradesh   
2) Uttarakhand
3) Rajasthan  
4) Chhattisgarh
5) None of these

39.Which sectors were added to the list of six 'core sector infrastructure industries' recently?
I) Water supply   
II) Natural gas
III) Fertilisers
1) I only   
2) I and II only
3) II only   
4) III and II only
5) None of these

40.Bina Refinery is a joint venture of Bharat Petroleum and ........ Oil Company to set up a 6 MMTPA grass root refinery at Bina in Madhya Pradesh.
1) Shell   
2) Qatar
3) Emirates   
4) Oman
5) None of these

41.A high level committee of Bankers submitted its report on Rural Housing recently. Which of the following statements regarding its recommendations for Below the Poverty Line (BPL) Households is / are correct ?
I) Allocation of grants for construction of rural housing units for BPL Households should be increased to Rs. 75,000 per dwelling unit
II) Repayment period should be reduced to ten years
III) BPL households should be provided a loand of Rs. 50,000 at 4% rate of interest
1) II only  
2) I and II only
3) II only   
4) III and I only
5) None of these

42.'Aichi Targets' refers to which of the following?
1) Trade   
2) Education
3) Nuclear safety   
4) Environment
5) None of these

43.Scheduled commercial banks do not require permission from the Reserve bank of India for opening new branches in towns with population less than .........
1) 49,999   
2) 99,999
3) 2,49,999   
4) 4,99,999
5) None of these

44.The National Rural Livelihoods Mission (NRLM) was launched recently. Which of the following statements is / are correct ?
 I) NRLM seeks to bring the rural poor under the Self Help Group (SHG) network
II) Services of Business Correspondents (BCs) will be utilised to spread the concept of NRLM
III) NLRM will facilitate access of bank credit to those covered under the Mission
1) I only   
2) I and II only
3) II and III only   
4) I and III only
5) None of these

45.A committee headed by RBI deputy governor Shyamala Gopinath has recommended a 'holding company' structure for both banking and nonbanking financial groups recently. Which of the following statements is / are correct ?
I) Both the holding company as well as the subsidiaries can be listed on stock exchange
II) The subsidiaries will own equity stake in the holding company
1) II only   
2) I and II only
3) I only   
4) All of these
5) None of these

46.Which Indian corporate group has decided to enter the financial services business in a tie up with D.E. Shaw of the US ?
1) AV Birla Group   
2) Wipro Ltd
3) Mahindra & Mahindra
4) RIL   
5) None of these

47.The Reserve Bank of India (RBI) recently relaxed the eligibility norms for using credit default swaps (CDS) on corporate bonds. What are CDS ?
1) A form of loan that can be taken by pledging shares of a company
2) A form of credit rating that compares companies on their cash flow
3) A form of insurance that protects the lender in case of loand default
4) A form of loan that can be converted into equaity
5) None of these

48.Which of the following statements is /a re correct about Indian Depository Receipts (IDRs) ?
1) They are issued by Indian companies to raise funds from overseas stock markets
2) They are issued by foreign companies to raise funds from Indian stock markets
3) They are denominated in foreign currency
4) None of the above
5) None of these

49.Which is the first state in the country to sign an agreement with the World Bank for securing carbon credits for its 'Clean Development Mechanism' (CDM) recently ?
1) Sikkim   
2) Uttarakhand
3) Jammu Kashmir   
4) Himachal Pradesh
5) None of these

50. From which state was the National Rural Livelihood Mission launched recently ?
1) Kerala   
2) Maharashtra
3) Haryana   
4) Rajasthan
5) None of these

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

Tuesday 22 November 2011

IBPS CWE GENERAL AWARENESS MODEL SOLVED PAPER

1.We often come across the term Production Sharing Contract [PS(3)] in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector ?
1) Fertiliser   
2) Food processing
3) Telecom   
4) Petroleum
5) None of these

2.What is the meant by recent news reports saying – "Indian Rupee is appreciating"?
I) THe purchasing power of the Rupee in India has declined
II) The exchange rate of Rupee in India has gone up
III) The purchasing power of the Rupee in India has gone up
1) I only   
2) II only
3) II or III only  
4) III only
5) None of these

3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu   
2) Bihar
3) Karnataka   
4) Andhra Pradesh
5) None of these

4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?
1) Uttar Pradesh   
2) Karnataka
3) Kerala   
4) Tamil Nadu
5) None of these

5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?
1) It has increased the interest rate on NPS deposits
2) It has allowed premature withdrawals
3) It has increased govt. subsidy for NPS deposit holders
4) It has increased distributors' commission
5) None of these

6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors ?
1) Horticulture   
2) Gems & Jewellery
3) Watch   
4) Pharmaceuticals
5) None of these

7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?
1) South Africa   
2) Iran
3) Iceland   
4) Bolivia
5) None of these

8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?
1) Dena Bank   
2) Canara Bank
3) PNB   
4) Bank of India
5) None of these

9. GRIHA rating system is used for which of the following ?
1) Cement   
2) NBFCs
3) Buildings   
4) Gold
5) None of these

10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?
1) Coconut  
2) Pepper
3) Cardamom   
4) Rubber
5) None of these

11.Which of the following statements is/are correct about the distribution of Central financial assistance to states ?
I) Central financial assistance for states is calculated according to the Gadgil Formula
II) The highest weightage is given to the per capita income of the state
III) The lowest weightage is given to the population of the state
1) I only   
2) I and II only
3) II only   
4) I and III only
5) None of these

12.Which of the following public sector companies sells gold coins and silver ornaments under the trademark 'Sanchi'?
1) Rare Earths Ltd   
2) State Trading Corporation (STC)
3) National Mineral Development Corporation (NMDC)
4) Minerals and Metals Trading Corporation (MMTC)
5) None of these

13.Power produced from which of the following sources has the highest share in India's annual power generation capacity ?
1) Hydro   
2) Coal
3) Gas   
4) Nuclear
5) None of these

14.What is the share of private expenditure on health in the total health expenditure in India according to the World Health Report of the World Health Organisation released recently?
1) 12%  
2) 37%
3) 46%   
4) 72%
5) None of these

15.BHAVINI is a public sector company in which sector ?
1) Shipping   
2) Metals trading
3) Space   
4) Nuclear energy
5) None of these

16.Which of the following statements about the Indian Economy in 2050 as per a recent report by Pricewaterhouse Coopers (Pwc) is / are correct ?
I) India's GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050
II) India's GDP in Purchasing Power Parity (PPP) terms is the second highest in the world in 2050
III) Only China will be ahead of India in both MER and PPP terms in 2050
1) I only   
2) I and II only
3) II only   
4) II and III only
5) None of these

17.Which of the following are not listed on stock exchanges in India ?
1) Fertiliser companies  
2) NBFCs
3) Insurance companies   
4) Airlines
5) None of these

18.What should be the minimum share of solar energy in states' total power purchases by 2022 as per the amendment in power tariff policy recently ?
1) 1%   
2) 2%
3) 3%   
4) 4%
5) None of these

19.Which of the following statements about FDI in retail sector is / are correct ?
I) 100 per cent FDI is permitted in cold chain through the automatic route.
II) Up to 33 per cent FDI is permitted in single brand retail
III) 100 per cent FDI is permitted in wholesale cash and carry
1) I only   
2) I and II only
3) II only   
4) III and I only
5) None of these

20.Which of the following pairs of large banks and their countries of origin is / are correctly matched ?
 I) JPM organ Chase - Britain
II) ING Group - Netherlands
III) Standard Bank - South Africa
1) I only   
2) I and II only
3) II and III only   
4) I, II and III
5) None of these

21.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?
I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres
II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres
III) No excise duty is levied on cotton fibres
1) I only   
2) II only
3) I and III only   
4) III only
5) None of these

22.The Bombay Stock Exchange launched the BSE TASIS Shariah 50  - a stock index that is compliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?
I) Banking   
II) Cement & Steel
III) Alcohol & tobacco products
1) I only   
2) I and II only
3) III only   
4) I and III only
5) None of these

23.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?
1) Bank of India    
2) Bank of Baroda
3) Central Bank of India  
4) SBI
5) None of these

24.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?
1) Tata Power   
2) NHPC
3) Indian Oil   
4) ONGC
5) None of these


25.Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?
I) Punjab National Bank - New Delhi
II) Allahabad bank – Kolkata
III) Bank of India - Mumbai
1) I only   
2) I and II only
3) II and III only   
4) I, II and III
5) None of these

26.The tax on short - term capital inflows is named after which Nobel Laureate in economics ?
1) Gary Becker   
2) james M. Buchanan
3) James Tobin   
4) Myron Scholes
5) None of these

27. The term 'round - tripping' often appears in financial news these days. What does it mena?
1) Importing products that are not easily available in the domestic markes
2) Indian companies re-exporting imported products without any value addtion
3) Brining back illicit money hiddern aborad by Indians under a different name
4) Imposing high customs duty to discourage dumping of goods in Indian market
5) None of these

28.Infant Mortality Rate (IMR) data for high focus states (states where IMR is above national average) is collected once every five years. The Union Health Ministry has now decided to collect such data .......
1) half  yearly   
2) annually
3) once every two years
4) once every three years
5) None of these

29.Which country's gold output of 340.88 tonnes was the highest in the world in 2010 ?
1) Canada   
2) South Africa
3) China   
4) USA
5) None of these

30.Which of the following became the first oil & gas company to find shale gas deposits in India recently ?
1) Reliance Industries Ltd.
2) Cairn India   
3) Essar Oil
4) ONGC   
5) None of these

31.'Anushakti Vidhyut Nigam Ltd' was incorporated as a joint venture between Nuclear Power Corporation of India Ltd and which of the following recently ?
1) NMDC   
2) NHPC
3) BEL   
4) NTPC
5) None of these

32.Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation ?
1) National Institute of Public FInance and Policy
2) National Institute of Bank Management
3) National Institute of Findnancial Management
4) National Council of Applied Economic Research
5) None of these

33.China emerged as the world's second largest economy in 2010 overtaking ......
1) France   
2) Britain
3) Germany   
4) Japan
5) None of these

34.CARINGS has been launched by Ministry of Womena nd Child Development to :
1) improve gender parity
2) reduce infant mortality
3) improve child immunisation
4) facilitate adoption
5) None of these

35.The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing Acts relating to coinage recently. Which of the following Acts is the oldest ?
1) The Indian Coinage Act
2) The Small Coins (Offences) Act
3) The Metal Token Act
4) The Bronze Coin (Legal Tender) Act
5) None of these

36.Which of the following is not a hedge fund ?
1) Magellan   
2)  Hibhbridge
3) Gartner   
4) D.E. Shaw
5) None of these

37.Preferred Provder Network (PPN) is a term used n which of the following businesses ?
1) Commodities trading  
2) Retailing
3) Health insurance   
4) Foreign trade
5) None of these

38.Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations?
1) IRDA   
2) SEBI
3) RBI   
4) TRAI
5) None of these

39.The government has introduced three new consumer price indices – CPI (Rural), CPI (Urban) & CPI (Combined) – with 2010 as the base year recently. Which of the following is not among the five major commodity groups covered in the indics ?
1) Food, beverages and tobacco
2) Fuel and light
3) Education and schooling
4) Housing
5) None of these

40.Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?
1) Stanchart Bank   
2) HDFC Bank
3) SBI   
4) Axis Bank
5) None of these

41.Regional Rural Banks (RRBs) are owned b :
I) Their Sponsor Bank
II) Government of the state where they are located
III) Union government
1) I only   
2) I and II only
3) II and III only   
4) I, II and III
5) None of these

42.'Easy Exit Scheme 2011' floated by the Ministry of Corporate Affairs refers to which of the following ?
1) Privatisation of loss-making public sector companies
2) Removal of names of defunct companies from the Registrar of Companies
3) Closure of loss-making industries after paying off creditors
4) Removal of SEZ status for companies not fulfilling export obligations
5) None of these

43.What is the financial inclusion campaign lacunched by the government to bring banking services to vast unbanked rural areas in the country recently named ?
1) Swawlamban   
2) Swatantra
3) Swadhar   
4) Swabhiman
5) None of these

44.Whch of the following statements about India's population and surface area is  are correct as per the provisional figures of Census 2011 ?
I) India accounts for 2.4 percent of the world surface area
II) India sustains 17.5 percent of the world population
III) Population density has increased between 2001 and 2011
1) I only   
2) I and II only
3) III and I only   
4) I, II and III
5) None of these

45.According to the RBI, branches serving population of ........ and above are classified as Metropolitan branches
1) 5 lakh  
2) 10 lakh
3) 25 lakh   
4) 50 lakh
5) None of these

46.Which state government has announced introduction of 'Vanita Family Card' for below poverty line families that will enable them travel in road transport corporation buses at concessional fares recently ?
1) Karnataka   
2) Tamil Nadu
3) Maharashtra   
4) Andhra Pradesh
5) None of these

47.'French Auction' is a term used in which of the following sectors of financial services ?
1) Banking   
2) Insurance
3) Capital markets   
4) Micro-finance
5) None of these

48.The department of industrial policy and promotion (DPP) is promoting NMIZs to improve the spread of industrilisation in the country. NMIZ refers to which of the following ?
1) New Manufacturing and Investment Zones
2) National Medium Industry Zones
3) National Manufacturing Industry Zones
4) National Manufacturing and Investment Zones
5) None of these

49.Which state / union territory has the lowest literacy rate as per provisional figures of Census 2011 ?
1) Orissa   
2) Mizoram
3) Bihar   
4) Rajasthan
5) None of these

50.The Department of Industrial Poliyc and Promotion announced changes in FDi policy recently. Which of the following statements is / are correct ?
I) Indian companies have been allowe to convert foreign debt into equity
II) Indian companies have been allowed to issue equity to fund imports of machinery and capital goods
III) 51 per cent FDI is currently allowed in multi-branch retail trade
1) I only   
2) I and II only
3) II and III only   
4) III and I only
5) None of these

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

Monday 21 November 2011

IBPS CWE GENERAL AWARENESS MODEL SOLVED PAPER

1. We often come across the term Production Sharing Contract [PS(3)] in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector ?
1) Fertiliser 
2) Food processing
3) Telecom 
4) Petroleum
5) None of these

2.What is the meant by recent news reports saying – "Indian Rupee is appreciating"?
I) THe purchasing power of the Rupee in India has declined
II) The exchange rate of Rupee in India has gone up
III) The purchasing power of the Rupee in India has gone up
1) I only 
2) II only
3) II or III only 
4) III only
5) None of these

3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?
1) Tamil Nadu 
2) Bihar
3) Karnataka 
4) Andhra Pradesh
5) None of these

4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?
1) Uttar Pradesh 
2) Karnataka
3) Kerala 
4) Tamil Nadu
5) None of these

5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?
1) It has increased the interest rate on NPS deposits
2) It has allowed premature withdrawals
3) It has increased govt. subsidy for NPS deposit holders
4) It has increased distributors' commission
5) None of these

6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors ?
1) Horticulture 
2) Gems & Jewellery
3) Watch 
4) Pharmaceuticals
5) None of these

7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?
1) South Africa 
2) Iran
3) Iceland 
4) Bolivia
5) None of these

8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?
1) Dena Bank 
2) Canara Bank
3) PNB 
4) Bank of India
5) None of these

9.GRIHA rating system is used for which of the following ?
1) Cement 
2) NBFCs
3) Buildings 
4) Gold
5) None of these

10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?
1) Coconut 
2) Pepper
3) Cardamom 
4) Rubber
5) None of these

11.Which of the following statements is/are correct about the distribution of Central financial assistance to states ?
I) Central financial assistance for states is calculated according to the Gadgil Formula
II) The highest weightage is given to the per capita income of the state
III) The lowest weightage is given to the population of the state
1) I only 
2) I and II only
3) II only 
4) I and III only
5) None of these

12.Which of the following public sector companies sells gold coins and silver ornaments under the trademark 'Sanchi'?
1) Rare Earths Ltd 
2) State Trading Corporation (STC)
3) National Mineral Development Corporation (NMDC)
4) Minerals and Metals Trading Corporation (MMTC)
5) None of these

13.Power produced from which of the following sources has the highest share in India's annual power generation capacity ?
 1) Hydro 
2) Coal
3) Gas 
4) Nuclear
5) None of these

14.What is the share of private expenditure on health in the total health expenditure in India according to the World Health Report of the World Health Organisation released recently?
1) 12% 
2) 37%
3) 46% 
4) 72%
5) None of these

15.BHAVINI is a public sector company in which sector ?
1) Shipping 
2) Metals trading
3) Space 
4) Nuclear energy
5) None of these

16.Which of the following statements about the Indian Economy in 2050 as per a recent report by Pricewaterhouse Coopers (Pwc) is / are correct ?
I) India's GDP in Market Exchange Rate (MER) terms will be the fourth highest in the world in 2050
II) India's GDP in Purchasing Power Parity (PPP) terms is the second highest in the world in 2050
 III) Only China will be ahead of India in both MER and PPP terms in 2050
1) I only 
2) I and II only
3) II only 
4) II and III only
5) None of these

17.Which of the following are not listed on stock exchanges in India ?
1) Fertiliser companies
2) NBFCs
3) Insurance companies 
4) Airlines
5) None of these

18.What should be the minimum share of solar energy in states' total power purchases by 2022 as per the amendment in power tariff policy recently ?
1) 1% 
2) 2%
 3) 3% 
4) 4%
5) None of these

19.Which of the following statements about FDI in retail sector is / are correct ?
I) 100 per cent FDI is permitted in cold chain through the automatic route.
II) Up to 33 per cent FDI is permitted in single brand retail
III) 100 per cent FDI is permitted in wholesale cash and carry
1) I only 
2) I and II only
3) II only 
4) III and I only
5) None of these

20.Which of the following pairs of large banks and their countries of origin is / are correctly matched ?
I) JPM organ Chase - Britain
II) ING Group - Netherlands
III) Standard Bank - South Africa
1) I only 
2) I and II only
3) II and III only 
4) I, II and III
5) None of these

21.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?
 I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres
II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres
III) No excise duty is levied on cotton fibres
1) I only 
2) II only
3) I and III only 
4) III only
5) None of these

22.The Bombay Stock Exchange launched the BSE TASIS Shariah 50  - a stock index that is compliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?
I) Banking 
II) Cement & Steel
III) Alcohol & tobacco products
1) I only 
2) I and II only
3) III only 
4) I and III only
5) None of these

23.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?
1) Bank of India 
2) Bank of Baroda
3) Central Bank of India 
4) SBI
5) None of these

24.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?
1) Tata Power 
2) NHPC
3) Indian Oil 
4) ONGC
5) None of these

25. Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?
I) Punjab National Bank - New Delhi
II) Allahabad bank – Kolkata
III) Bank of India - Mumbai
1) I only 
2) I and II only
3) II and III only 
4) I, II and III
5) None of these

26.The tax on short - term capital inflows is named after which Nobel Laureate in economics ?
1) Gary Becker 
2) james M. Buchanan
3) James Tobin 
4) Myron Scholes
5) None of these

27.The term 'round - tripping' often appears in financial news these days. What does it mena?
1) Importing products that are not easily available in the domestic markes
2) Indian companies re-exporting imported products without any value addtion
3) Brining back illicit money hiddern aborad by Indians under a different name
4) Imposing high customs duty to discourage dumping of goods in Indian market
5) None of these

28.Infant Mortality Rate (IMR) data for high focus states (states where IMR is above national average) is collected once every five years. The Union Health Ministry has now decided to collect such data .......
1) half  yearly 
2) annually
3) once every two years
4) once every three years
5) None of these

29.Which country's gold output of 340.88 tonnes was the highest in the world in 2010 ?
1) Canada 
2) South Africa
3) China 
4) USA
5) None of these

30.Which of the following became the first oil & gas company to find shale gas deposits in India recently ?
1) Reliance Industries Ltd.
2) Cairn India 
3) Essar Oil
4) ONGC 
5) None of these

31.'Anushakti Vidhyut Nigam Ltd' was incorporated as a joint venture between Nuclear Power Corporation of India Ltd and which of the following recently ?
1) NMDC 
2) NHPC
3) BEL 
4) NTPC
5) None of these

32.Which of the following was founded in 1956 by the Government of India with funding from the Ford Foundation ?
1) National Institute of Public FInance and Policy
2) National Institute of Bank Management
3) National Institute of Findnancial Management
4) National Council of Applied Economic Research
 5) None of these

33.China emerged as the world's second largest economy in 2010 overtaking ......
1) France 
2) Britain
3) Germany 
4) Japan
5) None of these

34.CARINGS has been launched by Ministry of Womena nd Child Development to :
1) improve gender parity
2) reduce infant mortality
3) improve child immunisation
4) facilitate adoption
5) None of these

35.The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate four existing Acts relating to coinage recently. Which of the following Acts is the oldest ?
1) The Indian Coinage Act
2) The Small Coins (Offences) Act
3) The Metal Token Act
4) The Bronze Coin (Legal Tender) Act
5) None of these

36.Which of the following is not a hedge fund ?
1) Magellan 
2)  Hibhbridge
3) Gartner 
4) D.E. Shaw
5) None of these

37.Preferred Provder Network (PPN) is a term used n which of the following businesses ?
1) Commodities trading 
2) Retailing
3) Health insurance 
4) Foreign trade
5) None of these

38.Which of the following has introduced a new tool named Data Ware Housing and Business Intelligence System (DWBIS) for speedy analysis of data and identification of violations?
1) IRDA 
2) SEBI
3) RBI 
4) TRAI
5) None of these

39.The government has introduced three new consumer price indices – CPI (Rural), CPI (Urban) & CPI (Combined) – with 2010 as the base year recently. Which of the following is not among the five major commodity groups covered in the indics ?
1) Food, beverages and tobacco
2) Fuel and light
3) Education and schooling
4) Housing
5) None of these

40.Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?
1) Stanchart Bank 
2) HDFC Bank
3) SBI 
4) Axis Bank
5) None of these

41.Regional Rural Banks (RRBs) are owned b :
I) Their Sponsor Bank
II) Government of the state where they are located
III) Union government
1) I only 
2) I and II only
3) II and III only 
4) I, II and III
5) None of these

42.'Easy Exit Scheme 2011' floated by the Ministry of Corporate Affairs refers to which of the following ?
1) Privatisation of loss-making public sector companies
2) Removal of names of defunct companies from the Registrar of Companies
3) Closure of loss-making industries after paying off creditors
4) Removal of SEZ status for companies not fulfilling export obligations
5) None of these

43.What is the financial inclusion campaign lacunched by the government to bring banking services to vast unbanked rural areas in the country recently named ?
1) Swawlamban 
2) Swatantra
3) Swadhar 
4) Swabhiman
5) None of these

44.Whch of the following statements about India's population and surface area is  are correct as per the provisional figures of Census 2011 ?
I) India accounts for 2.4 percent of the world surface area
II) India sustains 17.5 percent of the world population
III) Population density has increased between 2001 and 2011
1) I only 
2) I and II only
3) III and I only
4) I, II and III
5) None of these

45.According to the RBI, branches serving population of ........ and above are classified as Metropolitan branches
1) 5 lakh 
2) 10 lakh
3) 25 lakh
5) 50 lakh
5) None of these

46.Which state government has announced introduction of 'Vanita Family Card' for below poverty line families that will enable them travel in road transport corporation buses at concessional fares recently ?
1) Karnataka 
2) Tamil Nadu
3) Maharashtra 
4) Andhra Pradesh
5) None of these

47.'French Auction' is a term used in which of the following sectors of financial services ?
1) Banking 
2) Insurance
3) Capital markets 
4) Micro-finance
5) None of these

48.The department of industrial policy and promotion (DPP) is promoting NMIZs to improve the spread of industrilisation in the country. NMIZ refers to which of the following ?
1) New Manufacturing and Investment Zones
2) National Medium Industry Zones
3) National Manufacturing Industry Zones
4) National Manufacturing and Investment Zones
5) None of these

49.Which state / union territory has the lowest literacy rate as per provisional figures of Census 2011 ?
1) Orissa 
2) Mizoram
3) Bihar 
4) Rajasthan
5) None of these

50.The Department of Industrial Poliyc and Promotion announced changes in FDi policy recently. Which of the following statements is / are correct ?
I) Indian companies have been allowe to convert foreign debt into equity
II) Indian companies have been allowed to issue equity to fund imports of machinery and capital goods
III) 51 per cent FDI is currently allowed in multi-branch retail trade
1) I only 
2) I and II only
3) II and III only 
4) III and I only
5) None of these

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

IBPS CLERKS GENREAL AWARENESS MODEL PAPER

1.Cairo Programme of Action (POA) refers to which of the following ?
1) Vaccination   
2) Adult literacy
3) Food security   
4) Population control
5) None of these

2.Justice Wadhwa Committee is reviewing the functioning of which of the following ?
1) Mid-day meal programme
2) Rashtriya Swasthaya Bima Yojna
3) Public Distribution System
4) Public Distribution System
5) None of these

3.What is the objective of the Central Registry launched under the provisions of the SARFAESI Act 2002, recently ?
1) To preent leakage of funds in delivery of central government sponsored rural emloyment sches
2) To prevent tax evasion by Indians by keeping track of large transactions in the banking system
3) To prevent frauds in loan cases involving multiple lending from different banks on the same asset
4) To ensure timely delivery of agricultural credit under priority sector norms by public sector banks
5) None of these

4. What is the objective of the National Mission for Electric Mobility launched recently ?
1) Promoting the use of energy saving devices
2) Promoting the replaement of diesel by electric locomotives in Indian Railways
3) Promoting spread of mob ile services in rural areas
4) Promoting the use of battery operated vehicles
5) None of these

5.What is the objective of India Smart Grid Forum (ISGF) ?
1) To promote R 7 D collaboration between universities and industry
2) To promote the use of non - renewable sources of energy
3) To promote higher education using broadband
4) TO promote energy effeciency in power sector
5) None of these

6.Which of the following became India's first bank to facilitate payment of income tax using ATMs recently ?
1) State Bank of India   
2) Punjab National Bank
3) Canara Bank
4) Union Bank of India
5) None of these

7.Which of the following has / have been selected as the sole fund manager by the Employees Provident Fund Organisation (EPFO) to manage its corpus of about Rs 3.5 lakh crore recetly ?
1) State bank of India   
2) ICICI Prudential
3) HSBC    
4) Reliance Capital
5) None of these

8.Rabobank has received the Reserve Bank of India approval to set up its first branch in India recently. It is a bank headquartered in which country ?
1) France   
2) Belgium
3) Britain   
4) Netherlands
5) None of these

9.The government has approved the creation of posts of 'Indirect Tax Ombudsmen' in several cities recently. Which of the following statements about is / are correct ?
I) It will be set up in seven cities
II) It will examine public complaints on income tax matters
III) It will have the powers to give settle claims and give awards" to the aggrieved parties
1) I only   
2) II and III only
3) II only   
4) III and I only
5) None of these

10.What does 'remittances', a word we often come across in articles on foreign exchange reserves in newspapers, refer to ?
1) Postponement of paymnets to the IMF
2) Money transfer by amigrant worker to their home country
3) Donation by individuals to a chartiy
4) Taxation obligation of developing countries
5) None of these

11.Which state has launched the 'Jeevandhara' programme to provide quality medicines at affordable prices to the poor recently ?
1) Andhra Pradesh   
2) Maharashtra
3) Rajasthan   
4) Gujarat
5) None of these

12.The abbreviation 'EAG states' mentioned in the Census 2011 refers to which of the following?
1) Eligible Action Group States
2) Economically Advancing Group States
3) Empowered Action Group States
4) Empowered Advancing Group States
5) None of these

13.  Which of the following had the highest share of bank credit (occupation - wise) as on March 31, 2009 according to a RBI report released recently ?
1) Agriculture   
2) Industry
3) Trade   
4) Transport Operators
5) None of these

14.Which of the following statements is / are correct about the Pension Fund Regulatory and Development Authority (PFRD) (1) Bill introduced in Lok Sabha ?
I) The Bill gives statutory status to interim pension regulator
II) The Bill was supported by Left Parties
III) The Bill was supported by the BJP
1) I only   
2) I and II only
3) II and III only   
4) III and I only
5) None of these

15.The Banking Laws (amendment) Bill 2011 was tabled in Parliament recently. Which of the following statements is / are correct as per current policy ?
I) Nationalised banks cannot issue bonus shares
II) Nationalised banks can raise capital through rights issues
III) Nationalised banks cannot issue preference shares
1) I only   
2) I and II only
3) II only   
4) III and I only
5) None of these

16.The government has tabled a Constitution Amendment Bill on the Goods and Services Tax (GST) in Parliament recently. WHich of the following statements is /a re correct ?
 I) GST will replace many taxes levived at the Centre, including excise duty and service tax
 II) GST will replace many taxes levied at the state level, including sales tax and entertainment tax
 III) Currently states are not allowed to tax sale of goods, while the Centre cannot tax services
1) I only   
2) I and II only
3) II only  
4) III and II only
5) None of these

17. The Banking Laws (amendment) Bill 2011 was tabled in Parliaent recently. Which of the following statements is / are correct as per current policy ?
1) At present promoters and shareholders of private banks cannot exercise voting rights in proportion to their shareholding
II) Voting rights of a non - governments shareholder in nationalised banks cannot exceed 5% irrespective of the size of his shareholding
III) Voting rights of a shareholder in private sector banks cannot exceed 10% irrespective of the size of his shareholding
1) I only   
2) I and II only
3) II only  
4) III and I only
5) None of these

18.What is the FDi limit in the insurance sector in India ?
1) 11%    
2) 26%
3) 49%   
4) 51%
5) None of these

19.Which of the following is launchign 'Rupay' as a domestic alternative to the global real-time payment processing firms like Visa, MasterCard?
1) CCA venue Payment Gateway
2) PayPal Corporation of India
3) Industrial Financial Corporation of India
4) National Payments Corporation of India
5) None of these

20. Export of which of the following crop is / are allowed currently ?
1) Wheat   
2) Non-Basmati rice
3) Sugar   
4) Pulses
5) None of these

21.Which of the following is the oil exploration & production company operating in Siberia and owned by the ONGC ?
1) Venture Production   
2) Regarl Petroleum
3) Enterprise Oil   
4) Imperial Energy
5) None of these

22. The government has decided provide equity support to public sector banks (PSBs) to raise its holding to .........
1) 55%   
2) 58%
3) 62%   
4) 68%
5) None of these

23.Which of the following is / are not covered under the compulsory labelling programme of the Bureau of Energy Efficiency (BEE) ?
1) Air conditioners   
2) Refrigerators
3) Geysers   
4) Distribution transformers
5) None of these

24. Which foreign bank publishes the monthly Purchasing Managers' Index (PMI) that measures the health of manufacturing sector in India and is based on a survey of top 500 companies ?
1) Barclays   
2) HSBC
3) Stanchart Bank   
4) Citi Bank
5) None of these

25. Which of the following has become the first state in the country to announce a monthly allowance to unemployed under-graduates recently ?
1) Karnataka   
2) Rajasthan
3) Goa   
4) Maharashtra
5) None of these

26. How many commercial banks are functioning in India as per the 'Statistical Tables Relating To Banks in India 2009-10 unveiled by the RBI in March 2011 ?
1) 135   
2) 167
3) 193   
4) 256
5) None of these

27.The Rashtriya Krishi Vikas Yojana (RKVY) will be implemented in the coming year (2011 - 12) with a budget of Rs. 7860 crore and nine sub - schemes. Which of the following sub-scheme refers to livestock development, dairy farming and fisheries ?
1) Rainfed Area Development Programme
2) National Mission for Protein Supplements
3) Promotion of Oil Palm
4) Accelerated Fodder Development Programme
5) None of these

28. What was the share of priority sector lending in lending by commercial banks as on March 31, 2010 as per the 'Statistical Tables Relating to Banks in India 2009-10' report univeiled by the RBI recently ?
1) 16%   
2) 24%
3) 31%   
4) 36%
5) None of these

29. Under the current merger & acquisition policy, any deal involving acquisition of ..... or more in a listed company requires the acquirer to make an open offer for buying at least ....... stake from public shareholders.
1) 5 per cent, 10 per cent
2) 10 per cent, 15 per cent
3) 15 per cent, 20 per cent
4) 20 per cent, 25 per cent
5) None of these

30.Pradhan Mantri Adarsh Gram Yojana (PMAGY) is for the integrated development of which of the following category of villages ?
1) Villages where SCs comprise more than 25% of population
2) Villages where SCs & STs comprise more than 50% of population
3) Villages where STs comprise more than 25% of population
4) Villages where SCs comprise more than 50% of population
5) None of these

31. How much as the requirement of water for irrigation in India as per a recent assessment by the National Commission for Integrated Water Resources Development (NCIWRD) ?
1) 4000 billion cubic meters (BCM)
2) 1869 BCM   
3) 1123 BCM
4) 557 BCM   
5) None of these

32.Which foreign bank has the highest number of employees in India ?
1) HSBC   
2) Royal Bank of Scotland (RBS)
3) Standard Chartered Bank
4) Citibank
5) None of these

33.Which of the following statements about solvency ratio in the insurance sector is /are correct?
I) IRDA has directed general insurance companies to increase their solvency ratios for vehicle insurance
II) A high solvency ratio indicats lower probability of default
III) A higher solvency ratio indicates better financial health of the insurance company
1) I only   
2) I and II only
3) II and III only   
4) I, II and III
5) None of these

34. Which of the following regions had the highest number of bank branches in the country as per the 'Statistical Tables Relating to Banks in India 2009-10' unveiled by the RBI recently?
1) Rural   
2) Semi-Urban
3) Urban   
4) Metropolitan
5) None of these

35.Which state has the highest number of commercial bank branches in India as on March 31, 2010 as per the 'Statistical Tables Relating to Banks in India 2009-10' report unveiled by the RBI recently ?
1) UP   
2) Maharashtra
3) Andhra Pradesh   
4) Tamil nadu
5) None of these

36. Which of the following does not come under the definition of Scheduled Commercial Banks in India ?
1) Scheduled State Co - operative Banks
2) cheduled Urban Co - operative Banks
3) REgional Rural Banks
4) None of the above
5) None of these

37.Which of the following is / are implementing the Traditional Knowledge Digital Library (TKDL) project ?
I) Ministry of Science and Technology
II) Council of Scientific and Industrial Research
III) Ministry of Health and Family Welfare
1) I only   
2) I and II only
3) II and III only   
4) I, II and III
5) None of these

38. What ws the poverty rate in 2009-10 according to recent estimates by Planning Commission ?
1) 28%   
2) 30%
3) 32%   
4) 34%
5) None of these

39.Which of the following statements about demand and supply of petroleum products in India is / are correct ?
I) India's current petroleum refining capacity is 240 million tonnes per annum (MTPa)
II) India's demand for the petroleum products is less than its refining capacity
III) Further addition in refining capacity is likely to boost country's exports of petroleum products
1) I only   
2) I and II ony
3) II and III only   
4) III and I only
5) None of these

40. Which of the following has launched the 'Trans Union Score' that will indicate credit worthiness of consumers applying for loans from banks ?
1) Experian Credit Information Co
2) Indian Credit Rating Agency
3) Credit Information Bureau Ltd
4) Euifax Information Services
5) None of these

41. Which bank has announced an end to its 'teaser' home loan scheme recently ?
1) Bank of India   
2) HDFC Bank
3) Union Bank   
4) State Bank of India
5) None of these

42.The government has decided to set up an inter-ministerial group chaired by Planning Commission member Arun Maira to examine the ssue of imposing restrictions on FDI in pharmaceutical industry. How much FDI is permitted currently ?
1) 33%   
2) 49%
3) 51%   
4) 100%
5) None of these

43. Which of the following is the criterion for allocation of foodgrains under the Public Distribution System (PDS) to below poverty line (BPL) families ?
1) Same quantity of foodgrains is given to every BPL family
2) The quantity of foodgrains given depends on the number of members in the BPL family
3) The quantty of foodgrains given depends on the annual income of the BPL family
4) Both (2) & (3)
5) None of these

44.How much was the net Foreign Institutional Investor (FII) investment in Indian stock markets in 2010-11 acording to SEBI ?
1) Rs. 0.76 lakh crores   
2) Rs. 0.95 lakh crore
3) Rs. 1.17 lakh crore
4) Rs. 1.46 lakh crore
5) None of these

45.The government has launched 'Service Discharge Benefit Scheme' for over 2.7 lakh employees of which organisation recently ?
1) Department of Telecom
2) Indian Army
3) Department of Posts
4) Indian Railways
5) None of these

46. Accredited Social Health Activists (ASHAs) In which state are known as 'Mitanins' ?
1) Jharkhand   
2) Rajasthan
3) Orissa   
4) Chhattisgarh
5) None of these

47. 'Health and Wellness Tourism – Advantage India', a study that offers a 10 - point prescription to boost health and wellness tourism in India, is a joint initiative of YES Bank and ....
1) MCI   
2) IMA
3) FICCI   
4) CII
5) None of these

48. Kimberley Process certificates are compulsory for for trade in which of the following ?
1) Gold   
2) Diamonds
3) Radioactive materials
4) All the above   
5) None of these

49. The Ministry of Statistics 7 Programme Implementation recently decided to allow MPs to spend a maximum of Rs. 10.00 lakhs per year from their MPLAD funds for :
1) creating awareness about social welfare schemes of the government
2) building sports facilites in their constitutencies
3) rehabilitation of those affected by natural calamities
4) giving assistance to the physically challenged in their constitutencies
5) None of these

50. The Foreign Contribution Regulation Act (FCRa) 2010 came into effect from May 1, 2011. Which of the following statements is / are correct ?
I) 'Organisations of political nature' can receive foreign funds only after prior clearances from the government
II) Organisations that receive foreign funds will have to renew their registration once every three years
 III) Banks will have to immediately report to the government about all foreign funds exceeding Rs. 10 lakh
1) I only   
2) I and II only
3) II only   
4) III only
5) None of these

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