General awareness Practice Test 54 for IBPS PO EXAM

1. Convertibility of the rupee implies
A. Being able to convert rupee notes into gold
B. Allowing the value of the rupee to be fixed by market forces
C. Freely permitting the conversation of rupee to other major currencies and voice-versa
D. Developing an international market for currencies in India
E. None of the above

2. Which is the most liquid measure of money supply ?
A. M
B. M2
C. M3
D. M4
E. BOTH M1 and M2

3. The Rolling plan Concept in National planning was introduced by
A. Indira Gandhi
B. The National Front Government
C. The Janata Government
D. Rajiv Gandhi
E. None of the above

4. In India ,Inflation is measured by the
A. Wholesale price index number
B. Consumer price index for urban non manual workers
C. Consumer price index for Agriculture workers
D. National income Deflation
E. None of the above

5. The National Stock Exchange of India was Established in
A. 1990
B. 1991
C. 1992
D. 1993
E. None

6. The Term ‘paper gold ‘is associated with
A. Deficit budgeting
B. Currencies still in gold standard
C. Special drawing rights of the IMF
D. Special facility to world bank
E. None

7. The modern sate is
A. Laissez faire State
B. Aristocratic sate
C. Welfare state
D. Police state
E. None of these

8. National development council is mainly concerned with
A. Approval of five years plan
B. Implementation of rural development schemes
C. Preparation of development projects
D. Centre- state financial relations
E. None of the above

9. The prevent recurrence of scams in Indian Capital Market ,the Government of India has assigned regulatory powers to
A. SEBI
B. RBI
C. SBI
D. IDBI
E. NONE OF THESE

10. Basel-II relates to which one of the following ?
A. International Standard for safety in civil aviations
B. Measures Against cyber crimes
C. Measure against drug abuse by sportspersons
D. International standard for measuring the adequacy of a banks’ capital
E. None of the above

11. Which of the following come non-plan expenditure ?
1. Subsidies
2. Interest payment
3. Defence expenditure
4. Maintenance expenditure for the infrastructure created in previous plans
A. 1 and 2
B. 1 and 3
C. 2 and 4
D. 1 and 4
E. 1,2,3,and 4

12. Which of the following is progressive tax ?
A. Income tax
B. Entertainment tax
C. Customs Duty
D. Sales tax
E. None of the above

13. Which of the following taxes is not levied by any state Government ?
A. Income Tax
B. CST
C. Exercise Duty
D. B and c
E. None of these

14. Which of the following can be classified as cash crops ?
A. Coffee
B. Tea
C. Rubber
D. Wheat
E. None of these

15. The period of ‘plan Holiday 1 in India was
A. 1962-65
B. 1966-69
C. 1969-72
D. 1972-75
E. None of these