1. Tarapore Committee submitted its report on “Full Convertibility on Rupee” in
a) Current account b) Capital account
c) Both on current as well as on capital account
d) Special Drawing Rights (SDRs) e) None of these
2. CENVAT is related to
a) Sales Tax b) Excise Duty c) Custom Duty d) Service Tax
e) None of these
3. NABARD was established on the recommendation of
a) Public Accounts Committee b) Shivaraman Committee
c) Narasimham Committee d) Khandelwal Committee e) None of these
4. Sampurna Gramin Rozgar Yojana has been launched from
a) 1 Apr 2001 b) 25 Sep 2001 c) 30 Sep 2001
d) No scheme of such title has yet been launched e) None of these
5. VAT is imposed
a) Directly on the consumer b) On the final stage of production
c) On the first stage of production
d) On all stages between production and final sale e) None of these
6. Kutir Jyoti scheme is associate with
a) Promoting cottage industry in villages
b) Promoting employment among rural unemployed youth
c) Providing electricity to rural families living below the poverty line
d) All of these e) None of these
7. CAPART is related with
a) Assisting and evaluating rural welfare programmes b) Computer hardware
c) Consultant service of export promotion.
d) Controlling pollution in big industries e) None of these
8. The note issuing dept of RBI should always possess a minimum gold stock worth
a) Rs.85 crore b) Rs.115 crore c) Rs.200 crore
e) Rs.215 crore e) None of these
9. We very frequently read about Europe’s sovereign debt crisis these days. Which of the following statements/is/are true about the same?
A) In early 2010 the Euro Crisis developed in some countries like Greece, Spain and Portugal.
B) This created a credit default swap between the countries of the European Union.
C) SAARC countries have offered some assistance to some of the severely affected countries like Portugal, Spain and Greece.
a) Only A b) Only B c) Only A&B d) All A, B&C e) None of these
10. As we al know, the RBI raised the Cash Reserve Ratio (CRR) by 25 bps in April 2010. What action will banks will have to take to implement the same?
A) They will have to deposit some more money with the RBI as reserved money.
B) Banks will be required to give some more loan to projects of the priority sector.
C) Banks will be required to give loan equivalent to the CRR to the Govt of India for its day-to-day expenditure as and when required.
a) Only A b) Only B c) Only C d) Only A&B e) All A,B&C
11. As per estimates given by the RBI, the Economic Growth during the year 2010-11 will be at which of the following levels?
a) 6.5% b) 7% c) 7.5% d) 8% e) None of these
12. Which of the following is/are correct about the RBI’s credit policy announced in April 2010?
A) Repo Rate raised by 25 bps
B) A new reporting platform was introduced for secondary market transactions in Certificates of Deposits (CDs) and Commercial Papers. (CPs).
C) Core Investment Companies (CICs) having an asset size of Rs.100 crore are required to register also with the RBI.
a) Only A b) Only B c) Only C d) All A,B&C e) None of these
13. As per the announcement made by the RBI, some Stock Exchanges in India are allowed to introduce Plain Vanilla Currency Options. The term Plain Vanilla Currency Options is associated with which of the following activities / operations?
a) Dollar-Rupee Exchange Rate b) Floating of Commercial Papers
c) Launch of new mutual funds
d) Deciding the opening price of a share on a particular business day
e) None of these
14. ‘Equity schemes managed strong NAV gains, which boost their assets’ was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines?
a) Nil Accounting Variation b) Net Accounting Venture c) Net Asset Value
d) New Asset Venture e) None of these
15. As per reports published in various newspapers, mutual fund companies showed 94 per cent growth in their total profits during 2009-10. This means the profits earned by these companies were 94 per cent
a) in their total investments they made collectively during the year
b) more than their profits during previous year c) of the total capital of the company
d) less than the total expenditure of the companies e) None of these
16. As per the news published in major newspapers/journals henceforth the Credit Card information though automated interactive voice response system over the phone instead of speaking to the staff. This decision of the banks/credit card companies will provide.
A) An additional hurdle to the customers as people feel comfortable in talking to the staff instead of talking to a machine.
B) An additional security to the customers as this does not allow any staff to handle any transaction directly.
C) Some comfort to the banks as they will be able to reduce their staff strength.
a) Only A b) Only B c) Only C d) All A, B&C e) Only A&C
17. As per the reports published recently, the Govt of India has decided to create a separate agency/body to scrutinize all Foreign Direct Investments (FDIs) officially. Uptil now the security screening was being done by the
a) Ministry of Foreign Affairs, Govt of India b) Reserve Bank of India
c) Securities & Exchange Board of India d) Ministry of Finance, Govt of India
e) Ministry of Home Affairs, Govt of India
18. As a measure to help countries hit by global financial meltdown, the RBI has purchased notes worth US $10 billion in terms of Special Drawing Rights from a World Organisation/agency. Which is this agency / organisation?
a) Federal Reserve of USA b) Asian Development Bank c) World Bank
d) International Monetary Fund e) None of these
19. Which of the following is NOT a public sector undertaking under the Ministry of Defence, Govt of India?
a) Paragon Dock Ltd. b) Garden Reach Shipbuilders & Engineers Ltd.
c) Bharat Heavy Electricals Ltd. d) Hindustan Aeronautics Ltd.
e) Bharat Earth Movers Ltd.
20. Which of the following is NOT as banking – related term?
a) Radiation b) Outstanding amount c) Benchmark Prime Lending Rate
d) Explicit Guarantee e) None of these
21. Insurance service provided by various banks is commonly known as
a) Investment Banks b) Portfolio Management c) Merchant Banking
d) Bancassurance e) Micro Finance
22. Who amongst the following has recently taken over as the Chairman of the 19th Law Commission?
a) AR Lakshmanan b) PV Reddy c) Yashwant Sinha
d) Ranjan Bharti Mittal e) None of these
23. Name the senior member on the Board of Directors of RBI who will chair the sub-committee set up by the RBI to study issues and concerns of the micro-finance sector, including interest rates charged by the lenders in this area
a. Subir Gokran b. YH Malegam c. Deepak Mohanty 4. Usha Thorat e. None of these
24. The meeting of finance ministers and central bank heads of G-20 in Oct-Nov 2010 was held in
a. Tokyo b. London c. Seoul d. New Delhi e. None of these
25. Which of the following is not decided by RBI?
a. Bank Rate b. Base Rate c. Repo Rate d. Cash Reserve Ratio e. None of these
26. Which of the following is not nationalized bank?
a. Canara Bank b. Allahabad Bank c. IDBI Bank d. PNB e. BoB
27. Which of the following is not an instrument of money market?
a. Call Money b. Treasury bill c. Certificate of deposit d. Share e. Repo
28. As per the latest data on electronic transactions released by the Reserve Bank of India, which of the following banks leads in electronic transactions in India?
a. ICICI Bank b. HDFC Bank c. SBI d. Citibank e. None of these
29. Which of the following has appointed the Raghuram Rajan Committee to recommend steps to modernize the financial sector?
a. Reserve Bank of India b. Ministry of Finance c. Planning Commission d. Minister of Home e. None of these
30. In which year, was IDBI restricted and separated from control of the Reserve Bank of India?
a. 1972 b. 1976 c. 1978 d. 1980 e. None of these
31. State owned infrastructure lender India Infrastructure Finance Company Ltd (IIDCL) has inked a pact to buy loans worth Rs.1500 crore from _____ so that the state-run bank can utilize the funds for other projects in the crucial sector.
a. SBI b. PNB c. BoB d. P & SB e. None of these
32. The Reserve Bank has increased the threshold limit for electronic fund transfers using the Real Time Gross Settlement (RTGS) system from `1 Lakh to `
a. 2 Lakh b. 3 Lakh c. 4 Lakh d. 5 Lakh e. None of these
33. Which of the following banks has requested `1,500 cr capital infusion from the govt.?
a. Punjab National Bank b. Union Bank of India c. Indian Overseas Bank d. Dena Bank e. None of these
34. Which of the following is not associated with banking?
a. Bank rate b. Repo rate c. Morbidity rate d. Base rate e. None of these
35. Name the bank which has sought the approval of the RBI to hive off its IT (Information Technology) related activities into an independent subsidiary?
a. SBI b. PNB c. Indian Overseas Bank d. Bank of Baroda e. None of these
36. The Central Government on Nov 10, 2011 informed Parliament that allowing enhanced foreign direct investment (FDI) in multi-brand retail was now under its consideration. The existing policy allows _____ FDI in single-brand retail and _____ in cash-and-carry stores, which cater only to bulk buyers and traders.
a. 26%, 49% b. 49%, 74% c. 51%, 100% d. 21%, 51% e. None of these
37. Which of the following is the body/agency set up by Govt. of India to increase the flow of foreign investment in the country?
a. FEMA b. FCCB c. NSDL d. FIPB
38. Which of the following is not an instrument of capital market?
a) Share b) Bond c) Debenture d) Repo e) All the above
39. What is SABLA?
a) Anti-dowry police force
b) A Women’s organisation fighting for empowerment
c) A woman welfare programme launched by the Central govt
d) A helpline instituted by the National Commission for Women (NCW)
e) None of these
40. Which of the following is associated with economy?
a) Hindu Growth Rate (HGR) b) Islamic Saving Rate (ISR)
c) Sikh Deposit Rate (SDR) d) Christian Investment Ratio (CIR)
d) None of these
41. A new scheme for the health improvement of expectant mothers and ensuring proper nutrition for the newborns has been named as
a) Indira Gandhi Matritva Sahyog Yojana
b) Rajiv Gandhi Matritva Sahyog Yojana
c) Mahatma Gandhi Matritva Sahyog Yojana
d) Kasturba Gandhi Matritva Sahyog Yojana e) None of these
42. The central bank in India is
a) Central Bank of India b) State Bank of India c) Bank of India
d) Indian Bank e) Reserve Bank of India
43. Money supply could be increased when
a) RBI purchases govt securities b) RBI sells govt securities
c) CRR of banks is increased d) CAR is increased
e) None of these
44. Corporation tax in India is
a) Tax on production by companies b) Tax on the sales income of the companies c) Tax on net income of the companies d) Tax on net savings of the companies
e) None of these
45. The function of money is/are
a) Medium of exchange b) Measure of Value c) Store of Value
d) All of these e) None of these
46. Which among the following is not a type of inflation?
a) Creeping inflation b) Walking inflation c) Running inflation
d) Flying inflation e) All the above
47. In India, the bankers, bank is
a) IMF b) World Bank c) IDBI d) BIS e) None of these
48. An appropriate measure of economic development is
a) rate of increase in income b) improvement in Human Development Index
c) decrease in poverty rate d) increase in poverty rate
d) increase in life expectancy rate
49. Disinflation means
a) increase in prices in the long run b) The prices increase due to export
c) The increase in prices is more than average d) Increased prices decrease
e) Level of unemployment increases
50. When rate of inflation increases
a) Purchasing power of money increases
b) Purchasing power of money decreases
c) Purchasing power of money remains unaffected d) All (1), (2) and (3)
e) Foreign exchange rate increases
1.B 2.D 3.B 4.B 5.D 6.C 7.A 8.B 9.A 10.A 11.D 12.A 13.A 14.C 15.B 16.B 17.B 18.D 19.C 20.A 21.D 22.B 23.B 24.C 25.B 26.C 27.D 28.B 29.C 30.B 31.E 32.A 33.B 34.C 35.C 36.C 37.D 38.D 39.C 40.A 41.A 42.E 43.A 44.C 45.D 46.D 47.E 48.B 49.D 50.B
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