1. Which among the following is a correct feature of a perpetual bond?
[A]Perpetual Bonds have no fixed interest rates
[B]Perpetual Bonds have no fixed maturity
[C]Perpetual Bonds have no fixed underlying assets
[D]Perpetual Bonds don’t exist in India
2. Where is located the headquarters of the North East Zone Cultural Centre ?
[A]Guwahati
[B]Itanagar
[C]Aizawl
[D]Dimapur
3. Who among the following heads the Genetic Engineering Approvals Committee (GEAC) in India?
[A]Minister of Environment & Forests
[B]Minister of Science and Technology
[C]Minister of Agriculture
[D]None of them
4. Which among the following has the power to legislate on the matters which are neither in the Union List, nor in the State list nor in the Concurrent list of the Constitution of India?
[A]Parliament
[B]State Legislatures
[C]Both State legislatures and Parliament
[D]Neither Parliament nor State legislature
5. Which among the following would most likely follow if the Reserve Bank of India effects selling of the securities?
[A]The cash resources at the disposal of the commercial banks increase.
[B]The cash resources at the disposal of the commercial banks get diminished.
[C]The cash resources of the commercial banks remain unchanged.
[D]None of the above.
6. Consider the following:
1. Commercial Banks
2. Central Bank of India
3. Government
Which among the above can create money?
[A]Only 1
[B]Only 1 & 2
[C]Only 3
[D]All 1 2 & 3
7. Consider the following:
1. Change in the Reserve Requirements
2. Taxation
3. Government Spending
Which among the above terms are closest to the Fiscal policy ?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1
[D]Only 1 & 3
8. Which among the following is a correct definition of Fiduciary Issue of notes?
[A]The issue of currency notes without metallic backing.
[B]The issue of currency notes with metallic backing.
[C]The issue of currency notes with partial metallic backing.
[D]The issue of currency notes with proportional metallic backing.
9. Which among the following countries is currently the biggest supplier of crude oil to India?
[A]Iran
[B]Saudi Arabia
[C]UAE
[D]Nigeria
10. With which among the following countries, India is having an oil payment row?
[A]Bahrain
[B]Egypt
[C]Iran
[D]Iraq
11. The goods which are collectively consumed by the community are called which kind of goods?
[A]Public Goods
[B]Consumer Goods
[C]Non-durable Goods
[D]Durable Goods
12. In which five year plan self reliance as an object of planning was emphasized?
[A]First Five Year Plan
[B]Second Five Year Plan
[C]Third Five Year Plan
[D]Fourth Five Year Plan
13. The portion of total deposits of a commercial bank which it has to keep with itself in the form of liquid assets is called ___ ?
[A]Statutory Liquidity Ratio
[B]Cash Reserve Ration
[C]Statutory Reserve Ratio
[D]Cash Ratio
14. Which among the following bodies estimates the national income of India?
[A]Office of the Economic Advisor
[B]Ministry of Statistics
[C]Central Statistical Office
[D]Ministry of Finance
15. In which among the following regions, RBI first operationalized the Cheque Truncation System?
[A]Delhi NCR
[B]Mumbai-Navi Mumbai
[C]Hyderabad-Secundarabad
[D]Bangalore-Mysore
16. Under Indira Gandhi National Old Age Pension Scheme (IGNOAPS), the benefits
are available to the people having minimum age of …….
(A) 50 years
(B) 55 years
(C) 65 years
(D) 60 years
(E) 70 years
17. Mr. Katsuya Okada who was on a visit to India few months back is the Foreign
Minister of—
(A) South Korea
(B) Myanmar
(C) Japan
(D) Thailand
(E) None of these
18. Govt. of India has decided to review its Foreign Direct Investment Rules twice in
a year. This will be done from—
(A) 2015
(B) 2012
(C) 2014
(D) 2011
(E) None of these
19. Many times we read about 'Hawala' transactions in newspapers. Hawala in India
is prohibited under the provision of which of the following Acts ?
(A) Fiscal Responsibility and Budget Management Act
(B) Banking Regulation Act
(C) Financial action Task Force Act
(D) Foreign Exchange Management Act
(E) None of these
20. India recently reviewed its trade relation policy with Russia. What are the main
exports from India to Russia ?
1. Pharmaceuticals
2. Apparel and Clothing
3. Tea and Coffee
(A) Only 1
(B) Only 2
(C) All 1, 2 and 3
(D) Only 2 and 3
(E) Only 1 and 2
21. As we all know DIPP is the nodal agency in the field of foreign investments in
India. What is the full form of DIPP ?
(A) Department of Industrial Policy and Promotion
(B) Department of Industrial Procedures and Promotions
(C) Directorate of Industrial Procedures and Promotions
(D) Directorate of Industrial Policy and Publicity
(E) None of these
22. 'Israel and Palestinians open talks' was the headline in some major newspapers.
As we all know both the nations were not coming for the talks since 2008. Which of
the following is the main dispute between these two nations ?
(A) Membership of World Trade Organisation
(B) Membership of G-20
(C) Selecting Syria, one of the major trade partners by Israel. Palestine is dead
against it
(D) Redefining the boundaries as a major glacier between them has erased the same
(E) None of these
23. Many times we read about the performance of Asian Markets in various financial
newspapers. Which of the following is not included in Asian Market ?
(A) Japan
(B) China
(C) Hong Kong
(D) South Korea
(E) Brazil
24. As per the figures released by the World Bank, which of the following countries
was the largest recipient of loans from the World Bank during 2009-10 ?
(A) Bangladesh
(B) Pakistan
(C) Brazil
(D) China
(E) India
25. Which of the following has been fixed as the target for fiscal deficit 2010-11 ?
(In terms of percentage of GDP)
(A) 3%
(B) 3•5%
(C) 4%
(D) 5%
(E) 5•5%
20. As per news in various newspapers 'kfw' Group released another instalment of its
financial aid to India. kfw is an organization/bank based in—
(A) France
(B) Japan
(C) Italy
(D) China
(E) Germany
[A]Perpetual Bonds have no fixed interest rates
[B]Perpetual Bonds have no fixed maturity
[C]Perpetual Bonds have no fixed underlying assets
[D]Perpetual Bonds don’t exist in India
2. Where is located the headquarters of the North East Zone Cultural Centre ?
[A]Guwahati
[B]Itanagar
[C]Aizawl
[D]Dimapur
3. Who among the following heads the Genetic Engineering Approvals Committee (GEAC) in India?
[A]Minister of Environment & Forests
[B]Minister of Science and Technology
[C]Minister of Agriculture
[D]None of them
4. Which among the following has the power to legislate on the matters which are neither in the Union List, nor in the State list nor in the Concurrent list of the Constitution of India?
[A]Parliament
[B]State Legislatures
[C]Both State legislatures and Parliament
[D]Neither Parliament nor State legislature
5. Which among the following would most likely follow if the Reserve Bank of India effects selling of the securities?
[A]The cash resources at the disposal of the commercial banks increase.
[B]The cash resources at the disposal of the commercial banks get diminished.
[C]The cash resources of the commercial banks remain unchanged.
[D]None of the above.
6. Consider the following:
1. Commercial Banks
2. Central Bank of India
3. Government
Which among the above can create money?
[A]Only 1
[B]Only 1 & 2
[C]Only 3
[D]All 1 2 & 3
7. Consider the following:
1. Change in the Reserve Requirements
2. Taxation
3. Government Spending
Which among the above terms are closest to the Fiscal policy ?
[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1
[D]Only 1 & 3
8. Which among the following is a correct definition of Fiduciary Issue of notes?
[A]The issue of currency notes without metallic backing.
[B]The issue of currency notes with metallic backing.
[C]The issue of currency notes with partial metallic backing.
[D]The issue of currency notes with proportional metallic backing.
9. Which among the following countries is currently the biggest supplier of crude oil to India?
[A]Iran
[B]Saudi Arabia
[C]UAE
[D]Nigeria
10. With which among the following countries, India is having an oil payment row?
[A]Bahrain
[B]Egypt
[C]Iran
[D]Iraq
11. The goods which are collectively consumed by the community are called which kind of goods?
[A]Public Goods
[B]Consumer Goods
[C]Non-durable Goods
[D]Durable Goods
12. In which five year plan self reliance as an object of planning was emphasized?
[A]First Five Year Plan
[B]Second Five Year Plan
[C]Third Five Year Plan
[D]Fourth Five Year Plan
13. The portion of total deposits of a commercial bank which it has to keep with itself in the form of liquid assets is called ___ ?
[A]Statutory Liquidity Ratio
[B]Cash Reserve Ration
[C]Statutory Reserve Ratio
[D]Cash Ratio
14. Which among the following bodies estimates the national income of India?
[A]Office of the Economic Advisor
[B]Ministry of Statistics
[C]Central Statistical Office
[D]Ministry of Finance
15. In which among the following regions, RBI first operationalized the Cheque Truncation System?
[A]Delhi NCR
[B]Mumbai-Navi Mumbai
[C]Hyderabad-Secundarabad
[D]Bangalore-Mysore
16. Under Indira Gandhi National Old Age Pension Scheme (IGNOAPS), the benefits
are available to the people having minimum age of …….
(A) 50 years
(B) 55 years
(C) 65 years
(D) 60 years
(E) 70 years
17. Mr. Katsuya Okada who was on a visit to India few months back is the Foreign
Minister of—
(A) South Korea
(B) Myanmar
(C) Japan
(D) Thailand
(E) None of these
18. Govt. of India has decided to review its Foreign Direct Investment Rules twice in
a year. This will be done from—
(A) 2015
(B) 2012
(C) 2014
(D) 2011
(E) None of these
19. Many times we read about 'Hawala' transactions in newspapers. Hawala in India
is prohibited under the provision of which of the following Acts ?
(A) Fiscal Responsibility and Budget Management Act
(B) Banking Regulation Act
(C) Financial action Task Force Act
(D) Foreign Exchange Management Act
(E) None of these
20. India recently reviewed its trade relation policy with Russia. What are the main
exports from India to Russia ?
1. Pharmaceuticals
2. Apparel and Clothing
3. Tea and Coffee
(A) Only 1
(B) Only 2
(C) All 1, 2 and 3
(D) Only 2 and 3
(E) Only 1 and 2
21. As we all know DIPP is the nodal agency in the field of foreign investments in
India. What is the full form of DIPP ?
(A) Department of Industrial Policy and Promotion
(B) Department of Industrial Procedures and Promotions
(C) Directorate of Industrial Procedures and Promotions
(D) Directorate of Industrial Policy and Publicity
(E) None of these
22. 'Israel and Palestinians open talks' was the headline in some major newspapers.
As we all know both the nations were not coming for the talks since 2008. Which of
the following is the main dispute between these two nations ?
(A) Membership of World Trade Organisation
(B) Membership of G-20
(C) Selecting Syria, one of the major trade partners by Israel. Palestine is dead
against it
(D) Redefining the boundaries as a major glacier between them has erased the same
(E) None of these
23. Many times we read about the performance of Asian Markets in various financial
newspapers. Which of the following is not included in Asian Market ?
(A) Japan
(B) China
(C) Hong Kong
(D) South Korea
(E) Brazil
24. As per the figures released by the World Bank, which of the following countries
was the largest recipient of loans from the World Bank during 2009-10 ?
(A) Bangladesh
(B) Pakistan
(C) Brazil
(D) China
(E) India
25. Which of the following has been fixed as the target for fiscal deficit 2010-11 ?
(In terms of percentage of GDP)
(A) 3%
(B) 3•5%
(C) 4%
(D) 5%
(E) 5•5%
20. As per news in various newspapers 'kfw' Group released another instalment of its
financial aid to India. kfw is an organization/bank based in—
(A) France
(B) Japan
(C) Italy
(D) China
(E) Germany
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