Economic News for IBPS PO EXAM 2012 (General Awareness )

1.Revised Rate of RBI

A. Bank Rate -9% (Decreased 50 basis point in April 2012)

B. Cash Reserve Ratio - 4.75% (Decreased 75 basis point in March 2012)

C. Statutory Liquidity Ratio - 24% (Unchanged)

D. Repo Rate - 8% (Decreased 50 basis point in April 2012)

E. Reverse Repo Rate - 7% (Decreased 50 basis point in April 2012)

F. Marginal Standing Facility Rate - 9% (Decreased 50 basis point in April 2012)

G. Growth Rate of GDP (2010-11) - 8.4%

2. Growth Rate of GDP (2011-12) - 6.9%

A. Agriculture sector - 2.5% 

b. manufacturing sector - 3.9%

C. service sector - 11.2%

3. Target for Growth Rate of GDP (2012-13)

A. Budget - 7.6%

B. Monetary policy - 7.3%

C. United Nation - 7.5%

D. OECD - 7.5% in 2013

4. Inflation rate -

A. Whole price index - April - 7.23%, March - 6.89%

B. Consumer Price index - April 10.36%, March - 9.38%

5. Per capita income (2011-12) per year

A. At constant prices (2004-05) - Rs.38,005

B. At current prices - Rs. 60,972.

6. Per capita income (2010-11) per year

A. At constant prices (2004-05) - Rs. 35,993

B. At current prices - Rs. 53,331.

7. 12th Five Year Plan (2012-17)

A. Theme - Faster, sustainable and more inclusive growth

B. $ 1 trillion (50 Lakh Crore Rs.) investments in Infrastructure in which USD 500 billion will be met by private sector.

C. 9 - 9.5% GDP growth

D. 4% agriculture growth

E. Literacy rate - 100%

F. Extra Power generation capacity - 76000 MW

8. 11th Five year plan recorded 8.2% GDP Growth. Agriculture growth 3.3%

9. Power generation capacity in India now more than 2, 00,000 MW. In 11th Five year plan 54,964 MW capacities added.

10. The Micro Finance Institutions (Development and Regulation) Bill, 2012

A. RBI has regulatory power to fix the maximum interest rates that MFIs can charge and also decide on the fair and reasonable method of loan recovery.

B. MFIs have to register in RBI

C. Net worth of MFIs 5 Lac Rs

D. Micro Finance Development council will be set up e. Loan to MFIs will be consider in priority lending sector for bank 11. In 2011-12 => Import - $488.6 billion (32% Increased) Export - $303.7 billion (21% Increased) Trade deficit -$184.9 billion

Note : Some Economy Rates Topics For Upcoming IBPS PO exam on 17 June 2012.  Exam Economy Based Questions  weight age is there in General Awareness So Concentrate Above Rates and Policy it maybe Useful ..Found any Changes Comment Here To Update ..

All the Best In Advance for IBPS Aspirants  

General awareness Quiz-57 for bank po

1. The 2011-12 fourth quarter growth has been estimated at
a) 6.5 per cent
b) 5.9 per cent
c) 5.3 per cent
d) 6.7 per cent
e) None of the above


2. Based on the methodologies suggested by Tendulkar Committee, a person in
Rural areas is NOT said to be poor if he consume more than
a) Rs.22.42 per daily
b) Rs.25.65 per daily
c) Rs.27.65 per daily
d) Rs.28.65 per daily
e) None of the above


3. The threshold limit for tax collection at source (TCS) on cash purchase of jewellery
has been raised from the present Rs 2 Lakh to
a) Rs 4 lakh
b) Rs 5 lakh
c) Rs 6 lakh
d) Rs 7 lakh
e) None of the above


4. The stock position of food grains (rice and wheat) in the Central Pool as on 1.5.2012
was _____________.
a) 674.16 lakh tons
b) 687.42 lakh tons
c) 765.23 lakh tons
d) 711.17 lakh tons
e) None of the above


5. Consider the following statements about GAAR:
1. The General Anti Avoidance Rule (GAAR) was proposed in mid-March as part of the
budget for fiscal 2013.
2. GAAR aims to target tax evaders, partly by stopping Indian companies and investors
from routing investments through Mauritius or other tax havens for the sole purpose
of avoiding taxes.
3. GAAR will be rollout in the next financial year that begins in April 2013
Which of the above statements is/are correct?
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 4 only
d) All 1, 2 and 3
e) None of the above


6. To curb black money, India has recently been signed its tenth Tax Information
Exchange Agreement (TIEA) with the Government of ___________.
a) Austria
b) Bermuda
c) Bahrain
d) Bahamas
e) Argentina


7. Which of the following countries will host the Third Nuclear Security Summit in 2014?
a) France
b) Germany
c) Britain
d) Ireland
e) Netherland


8. Four-day Vajra Corps exercise ‘Ashwamedh’ concluded recently. Vajra Corps are the
defenders of
a) Assam border
b) Punjab border
c) Sikkim border
d) Rajasthan border
e) Jammu & Kashmir border


9. Which is the code name of the anti-Maoist operation launched in Latehar district of
Jharkhand recently?
a) Operation COBRA
b) Operation CACTUS
c) Operation PRAKARAM
d) Operation OCTOPUS
e) None of the above


10. Consider the following statement in concern to the criteria used for the finalization
of items included in Item basket for the new series of Index of Industrial Production
(IIP) having base year 2004-05.
1. The product/items which contributed 0.20% or more to total value of production
at 2-digit industry of NIC-2004 were considered for inclusion in the Item basket.
2. The items with single unit supplying data were excluded from Item basket.
3. New items that had entered the market with significant market share driven by
technological advancement, changed taste and preference of the consumer, improved
standard of living, etc, were included.
4. The essential products like tea, coffee, salt and sugar were included.
Which of the above statements is/are correct?
a) 1, 2 and 3
b) 1, 3 and 4
c) 1, 2 and 4
d) 2, 3 and 4
e) All 1, 2, 3 and 4


11. The Index of Industrial Production (IIP) estimate for a given month is always
released within ______ from that month.
a) four weeks
b) five weeks
c) six weeks
d) eight weeks
e) None of the above


12. The present general Index of Industrial Production (IIP) compiled in India has
in its scope
1. Mining Sector
2. Manufacturing Sector
3. Oil and Gas Sector
4. Electricity Sector
5. Construction Sector
a) 1, 2 and 3 only
b) 1, 2 and 4 only
c) 1, 2, 3 and 4 only
d) 1, 2, 3 and 5 only
e) All 1, 2 , 3, 4 and 5


13. Which state became the first in country to impose a complete ban on the
consumption and sale of gutkha and paan masala?
a) Bihar
b) Kerala
c) Haryana
d) Uttar Pradesh
e) Madhya Pradesh


14. Indian TV talk show ‘Satyamev Jayate’ is aired simultaneously on
a) Star Plus and Doordarshan
b) Star One and Doordarshan
c) Star One and Sahara One
d) Colors Channel and Star Plus
e) None of the above


15. Name the cup/trophy won by China after defeating South Korea in final held in
May 2012?
a) Uber Cup Badminton 2012
b) Thomas Cup Badminton 2012
c) World cup Badminton 2012
d) Davis Cup Tennis 2012
e) Azlan Shah Cup Hockey 2012


16. Socio-Economic and Caste Census (SECC) was started by the Rural Development
Ministry in 2011 from
a) Goa
b) Assam
c) Kerala
d) Odisha
e) Tripura


17. Who won the 2012 Scripps National Spelling Bee trophy recently?
a) Sukanaya Roy
b) Nabeel Rahman
c) Arvind Mahankali
d) Snigdha Nandipati
e) Nicholas Rushlow


18. Which of the following countries is/are official permanent member of Shanghai
Cooperation Organisation (SCO)?
1. India
2. Mongolia
3. Uzbekistan
4. Kyrgyzstan
a) 1 and 2 only
b) 3 and 4 only
c) 1 and 3 only
d) 1, 3 and 4 only
e) All 1, 2 ,3 and 4


19. Which scale is used to measure the intensity of tornadoes?
a) pH Scale
b) Richter Scale
c) Celsius Scale
d) Fujita Scale
e) Beaufort Scale


20. How many cities are covered in The Jawaharlal Nehru National Urban Renewal
Mission (JNNURM)?
a) 43
b) 57
c) 82
d) 75
e) 63


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General awareness Quiz-56 for bank po

1. The strategy of rolling plan was adopted during the prime minister ship of
A. Lal bahadur shastri
B. Indhira Gandhi
C. Morarji deasi
D. Rajiv Gandhi
E. Jawaharlal Nehru

2. The growth rate of agriculture production was negative in the
A. First plan
B. Second plan
C. Third plan
D. Fourth plan
E. Fifth plan

3. Which statement is correct for Indian Planning Commission ?
A. Is not defined in Indian Constitution
B. Members and vice-chairmen of it do not have fixed working duration
C. Member do not require any minimum education
D. All of the above
E. None of the above

4. Which committee’s recommendations are being followed for estimating poverty line in India ?
A. Dutt committee
B. Chellian committee
C. Chakaravorty committee
D. Lakdawala committee
E. Narashimhan committee

5. A serious effort to tackle the problem of poverty began with
A. First plan
B. Third plan
C. Fourth plan
D. Sixth plan
E. Seventh plan

6. The food for work programme was renamed as
A. Rural landless employment Guarantee programme (RLEGP)
B. National Rural employment programme (NREP)
C. Jawahar Rozgar Yojana (JRY)
D. Integrated rural Development progarmme (IRDP)
E. None of the above

7. ‘Mixed Economy ‘ means
A. Co-existence of small ,scale and large scale industries
B. Co-existence of rich and the poor
C. Co-existence of the private and public sector
D. Assigning equal importance to both agriculture and heavy industries
E. None of the above

8. India ‘economic planning cannot be said to be
A. Indicative
B. Imperative
C. Limited
D. Democratic
E. None of these

9. Which one of the following is the task of the planning commission ?
A. Preparation of the plan
B. Implementation of the plan
C. Financing the plan
D. Both A and B
E. None of the above

10. Globalization of Indian economy “ means
A. Stepping up external borrowings
B. Establishing Indian Business units aboard
C. Having minimum possible restrictions on economic relations with other countries
D. Giving up preogrammes of import substitution
E. None of the above

11. Which of the following bodies finales the Five year plan proposals ?
A. Planning Commission
B. Union Cabinet
C. National development Council
D. Ministry of Planning
E. None of the above

12. The national Development Council Gets its Administrative support from
A. Planning Commission
B. Finance commission
C. Administrative reforms Commission
D. Sarkaria commission
E. None of the above

General awareness Practice Test 51

1. Sixth pay commission was chaired by
A. Raghbir Dayal
B. P.N Singhal
C. B.N.Krishna
D. P. Chidamabaram
E. None of these


2. The RBI uses the following instrument for quantitative Central of Credit
A. Cash Reserve Ratio
B. Bank Rate
C. Open Market Operations
D. Margin Requirements
E. All of the above


3. Two British luxury Auto Brands Jaguar and Land Rover was acquired By
A. Mittal group
B. Laxmi Group
C. Maruti Group
D. Anil Ambani group
E. None of these


4. Which one of the following Persons occupies the top Rank in Forbes list of world’s Richest people ?
A. Bill Gates
B. Warren Baffett
C. Carlos Slim Heln
D. Laxmi mittal
E. None of above


5. The National Stock Exchange functions from
A. New Delhi
B. Mumbai
C. Nagpur
D. Kolkata
E. None of above


6. First Plan Adopted
A. Lewis-fei Model
B. Mahalanobis model
C. Harrod – dammar model
D. Keyesian Model
E. None of the above


7. India ‘s Maximum Foreign Exchange spent on
A. Import on food Grains
B. Import of Iron and steel
C. Import of Petroleum products
D. Import of cotton Garments
E. None of these


8. In which state a Luxury Train “ Golden Chariot “has been launched on the lines of place of wheels ?
A. Karnataka
B. Himachel Pradesh
C. Tamilnadu
D. Andhrapradesh
E. None of the above


9. Deflation is
A. Deficit Budjet
B. Reduction on Taxation
C. Contraction in volume of money
D. In crease in public expenditure
E. None of these


10. The Agency Estimating the National Income of India Is
A. RBI
B. Planning Commission
C. Ministry of Finance
D. Central statistical organisation
E. None of above

General awareness-Practice Test 50 in Banking Awareness

1. Bank Rate refers to
A. The rate at which banks land to its prime borrowers
B. The maximum rate that banks can pay for deposit
C. The rate at which banks rediscount bills with RBI
D. The rate of interest charged on inter –bank transactions
E. None of the above


2. On june 11,2008 RBi has Hiked one of its rate in a view to put a check on inflation .which of the following rate was changed ?
A. Repo rate
B. Cash reserve ratio
C. Reverse Repo Rate
D. All of the above
E. None of these


3. Ranbaxy company id being acquired by a company of
A. America
B. England
C. Japan
D. France
E. None of these


4. Punjab National bank has started its First ‘micro finance branch ‘in
A. New Delhi
B. Gurgaon
C. Hyderabad
D. Bangalore
E. None of the above


5. United nations world food summit was held on june 3-8,2008 in
A. New York
B. Paris
C. Rome
D. London
E. None of these


6. Which of the following is not having ‘nav Ratna ‘?
A. NHPC
B. NTPC
C. NMDC
D. MTNL
E. None of these


7. Quantitative credit controls do not include
A. Open market operations
B. Bank rate
C. Cash reserve ratio
D. RBI Directives
E. SBI principles


8. After giving the status of `Nav Ratna ‘ to three more companies ,the total number of `nav Ratna’ companies goes to
A. 12
B. 13
C. 14
D. 14
E. None


9. India’s quota in IMF has been raised from 1.916% at present to
A. 2.01%
B. 2.23 %
C. 2.38%
D. 2.41%
E. None of these


10. Foreign Trade policy 2008-09 document forecast the snare of India’s trade in world trade at
A. 1.2%
B. 1.3%
C. 1.4%
D. 1.5%
E. None of these

General awareness-Practice Test 49 in Banking Awareness

1. Where was the Asia’s first Economic processing Zone Set up in India ?
A. Surat
B. Lucknow
C. Mumbai
D. Kandla
E. None of these


2. Which of the following is not a goal of ‘bharath nirman ‘?
A. To bring an additional one crore hectares under assured irrigation
B. To provide road connectivity to all villages that have population of 1000
C. To provide drinking water to the uncovered remaining 74000 habitations
D. To give telephone connectivity to the remaining 66,822 villages
E. None of the above


3. On which date ,the Jawaharlal Nehru national urban renewal mission was launched ?
A. Dec 31,2005
B. April 3,2005
C. June 8,2005
D. Sep 8,2005
E. None of the above


4. The first bank limited liability managed by Indian ‘s was
A. PNB
B. SBI
C. Imperial bank of India
D. Oudh commercial bank
E. None of the above


5. India has fourth position in the production of wind energy ,which of the following sand at first,second,third position respectively
A. Japan ,America, Spain
B. Spain , America ,China
C. Denamrk ,America,china
D. China ,Spain, America
E. None of the above


6. The Asian Development Bank , an international partnership of 63 member countries, was established in 1966 with its Headquarters at
A. Singapore
B. Manila
C. Paris
D. Tokyo
E. None of these


7. Which of the following Years is known as the year of the Great Divide ?
A. 1921
B. 1931
C. 1941
D. 1951
E. 1961


8. which of the following is not a central Government Tax ?
A. income tax
B. customs
C. Land Revenue
D. Corporation tax
E. None of the above


9. Which one of the following Taxes is not shared by the central Government with the states ?
A. Union excise duty
B. Customs duty
C. Income tax
D. Estate duty
E. None of the above


10. NABARD primary Role is
A. To provide loans to state cooperative banks
B. To assist state government for share capital contribution
C. To act as a refinance institution
D. All of the above
E. None

General awareness-Practice Test 48 in Banking Awareness

1. NABARD provides different types of refinance to the eligible institutions namely
A. State co-operative banks
B. Regional rural Banks
C. State land development Banks
D. All of the above
E. None


2. If Regional Rural Banks and co-operative banks seek permission of the Reserve Bank for opening Branches ,it will have to obtain recommendation from
A. State bank of India
B. Icici bank
C. NABARD
D. Axis bank
E. None


3. The housing Banks has launched a Home Loan Account scheme with Affect from
A. July 1,1989
B. June 1,1990
C. August 15,1991
D. September 8,1992
E. None


4. Discount and finance House of India Ltd.DFHI a unique institution of its Kind,was set up in
A. April 1988
B. May 1989
C. May 1990
D. June 1991
E. None


5. The share capital of DFHI is
A. Rs.100 crore
B. Rs.200 crore
C. Rs.300 crore
D. Rs.500 crore
E. None


6. At present DFHI’s Activities are restricted to
A. Government Data Securities
B. Dealing in commercial papers and certificates of depos its
C. Rediscounting short term Commercial Bills
D. All of the above
E. None


7. The Small industrial development bank of India has started its operations from
A. April 2,1990
B. May 7,1991
C. June 8,1992
D. July 10, 1993
E. None


8. The authorised capital of small industrial development bank of India has been raised to
A. Rs.200 crores
B. Rs.500 crores
C. Rs.1000 crores
D. Rs .2000 crores
E. None


9. Which of the following countries has sanctioned loans for on lending to small scale units through the refinance scheme of SIDBI ?
A. Japan
B. Germany
C. France
D. America
E. None


10. The securities Trading Corporation of India has Started operations in
A. June 1994
B. July 1995
C. June 1996
D. August 1997
E. None

General awareness-Practice Test 47 in Banking Awareness

1. New bank of India merged with
A. State bank of India
B. Allahabad bank
C. Punjab national bank
D. UCO bank
E. None


2. The subsidiary banks were established under the state bank of India Subsidiary Act Of
A. 1956
B. 1959
C. 1965
D. 1969
E. None


3. During recent years State bank of India and some of the Nation alised banks have enlarged their capital by issuing shares to the public. which of the following not one of them ?
A. Oriental Bank of Commerce
B. Dena bank
C. Bank of India
D. All of the above
E. None


4. The investments of life insurance corporation are regulated by section 27A of the Insurance Act of
A. 1935
B. 1938
C. 1940
D. 1946
E. None


5. According to the guidelines issued by the Government what percent of the accretions to the funds of GIG were required to be invested in the socially oriented sectors?
A. 50%
B. 60%
C. 70%
D. 80%
E. None


6. The Unit Trust of India is a statutory public sector investment in situation set up in
A. 1956
B. 1964
C. 1966
D. 1969
E. None


7. Which of the following is not correctly Matched ?
A. The unit Linked insurance plan -1971
B. Monthly Income Unit scheme -1983
C. The Income share scheme -1982
D. Unit schemes for charitable and religious trusts and registered societies -1984
E. None


8. The Export-Import Bank of India was Setup in
A. January 1.1982
B. January 3,1983
C. March 31,1985
D. April 17,1986
E. None


9. The paid up Capital of the EXIM Bank ?
A. Rs.100 crores
B. Rs. 200 crore
C. Rs. 500 crore
D. Rs. 100 crore
E. None


10. National Bank for Agriculture and rural Development NABARD was set up in ?
A. 12th july 1982
B. 10th August 1981
C. 12th September 1982
D. 6th December ,1983
E. None

General awareness- 2012 Practice Test 46 in Banking Related

1. The Tamil nadu industrial investment corporation was set up as a joint stock company in
A. 1949
B. 1952
C. 1964
D. 1969
E. None


2. All the state financial corporations except the Tamil nadu industrial ivestment corporation ,have been setup under the state financial corporation Act of
A. 1949
B. 1951
C. 1956
D. 1960
E. None


3. Which of the following is not the function of Industrial investment Bank of India ?
A. To act an agent of central and state Governments, Reserve bank, state bank , scheduled commercial and state co-operative banks , public financial institutions ,SFCs Ects.
B. To under write stocks ,shares, bonds and debentures
C. To underwrite loans/deferred payments and performance obligations of any contacts undertaken by industrial concerns
D. To grant Loans and advances to industrial concerns.
E. None


4. The Maximum Amount That can be sanctioned to an industrial concern of SFC is
A. Rs. 50 lakhs
B. Rs. 60 lakhs
C. Rs. 75 lakhs
D. Rs. 1crore
E. None


5. When did Reserve bank of India issue guidelines for the setting up of new private sector banks in India in
A. January 1993
B. February 1994
C. March 1995
D. March 1996
E. None


6. The new bans are required to be registered as public limited companies under the companies act ,1956 ,with initial paid up capital of 1993 guidelines
A. Rs. 50 crores
B. Rs. 75 crores
C. Rs. 100 crores
D. Rs. 200 crores
E. None


7. In January 2001 ,Reserve Bank of India issued fresh guidelines for private banks Raising the share caital of banks to
A. Rs .150 crores
B. Rs. 200 crores
C. Rs. 500 crores
D. Rs. 550 crores
E. None


8. Government decided to allow new loacal area banks in
A. 1995
B. 1996
C. 1994
D. 2000
E. None


9. The minimum paid up capital for local area banks in
A. Rs. 1crore
B. Rs. 2crore
C. Rs. 3crore and the promoters contribution is 1crore
D. Rs.5 crore and the promoters contribution is 2 crore
E. None


10. National Housing Bank was set up in
A. July 1988
B. March 1989
C. March 1990
D. April 1991
E. None

General awareness- 2012 Practice Test 43 FOR IBPS PO EXAM

1. RBI issues directives to check speculation and rising prices
A. By exercising moral influence on the Banks
B. By Changing The statutory reserve Maintained by scheduled banks with the reserve Bank under section 42 of The RBI ACT
C. By Changing bank Rate and its policy of granting accommodation to the commercial banks
D. All of the above
E. None


2. Banking Institutions modelled on European lines were first established in
A. Delhi
B. Bombay
C. Bengal
D. Madras
E. None


3. The first Indian enterprise in field of banking based on joint stock limited liability principle was the
A. Oudh commercial Bank started in 1881
B. Bank of Andhra ,1882
C. Bank of India ,1883
D. All of the above
E. None


4. Punjab National Bank 1894 and people’s bank 1901 was started by
A. Lala Lajpat Rai
B. Harikishan singh
C. Harikishan Lai Gauba
D. Amajeet singh
E. None


5. A Fiscal commission under the presidentship of sir Ibrahim Rahimatullah was appointed in October
A. 1921
B. 1925
C. 1931
D. 1935
E. None


6. In 1914 foreign banks held over 70 percent of all bank deposits in India ,by 1937 their share had decreased to
A. 25%
B. 34%
C. 46%
D. 57%
E. None


7. With the enactment of the Regional Rural Banks Amendment Act 1987 ,the authorised capital of each RRB has been Raised to Rs.
A. Rs. 10 lakhs
B. Rs. 1 crore
C. Rs. 5crore
D. Rs. 10 crore
E. None


8. At the End of December 1987,the advances of RRBs to the weaker sections accounted for
A. 70 % of their total direct advances
B. 82 % of their total direct advances
C. 92 % of their total direct advances
D. 95 % of their total direct advances
E. None


9. The Regional Rural Banks avail of the refinance facilities from the
A. National Banks for Agriculture and rural Development
B. Co-operative bank
C. Commercial bank
D. Reserve Bank of India
E. None


10. How many Regional Rural Banks of the State Bank of India has ?
A. 10
B. 20
C. 30
D. 40
E. None

General awareness- 2012 Practice Test 42 FOR IBPS PO EXAM

1. Which of the following is not one of the varieties of credit cards in India ?
A. ANZ-Gold
B. BOB-Exclusive
C. Master card
D. Bol-Taj premium
E. None


2. The first International credit card was issued to a restricted number of customers in 1987by
A. Bank of India
B. Andhra bank
C. Bank of Punjab
D. Bank Of Baroda
E. None


3. A scheduled bank must be
A. A company as defined in the companies Act,1956
B. An institution notified by the central government in this behalf
C. A corporative or company in corporated by or under any law in force any place outside India
D. All of the above
E. None


4. Which of the following is true of RBI Licensing of Banking Companies ?
A. The company is or will be in a position to pay its present or future depositors in full as their claims accrue
B. That the affairs of the company are not being or are not likely to be conducted in a manner detrimental to the interests of its present or future depositors
C. That the company has adequate capital structure and earning prospects
D. All of the above
E. None


5. At Present ,all Scheduled commercial banks are required to maintain statutory liquid ratio at the rate of
A. 31.8 % on deposit liability out standing as on septmber 30, 1994
B. 25% on incremental deposits after that date
C. Both A) And B)
D. Either A) or B)
E. None


6. Which bank was formed in 1950 with the amalgamation of Bengal Central bank limited ;comilla union bank ltd;Hooghly bank ltd ,and comilla banking corporation Ltd ?
A. United bank of India
B. Central bank of India
C. Bank of India
D. Vijaya Bank
E. None


7. Cooperative Banks in India Finance Urban areas under
A. Small scale units
B. Home finance
C. Consumer Finance
D. All of the above
E. None


8. Initial authorised share capital of each rural bank was
A. Rs. 5Lakhs
B. Rs. 10 lakhs
C. Rs. 1 crore
D. Rs. 15 lakhs
E. None


9. The Commercial banks are governed by all the sections of the Banking Regulation Act 1949, but only some of the sections of this Act are applicable to
A. Regional rural banks
B. Co-operative banks
C. HDFC
D. All of the above
E. None


10. The Co-operative Banks are Organised on a
A. Three tier system
B. Two tier system
C. Unitary basis
D. All of these
E. None

General awareness- 2012 Practice Test 41 FOR IBPS PO EXAM

1. The first private bank in India to receive an in principle approval from the Reserve Bank Of India was ..
A. Indus Ind bank
B. Housing Development Finance Corporation Limited
C. United Western Bank
D. Bank of Rajasthan


2. HDFC bank Limited Commenced Operations As scheduled commercial bank in
A. January 1995
B. March 1996
C. July 1997
D. July 1998
E. None


3. ING Vysya was Incorporated in
A. 1980
B. 1960
C. 1930
D. 1950
E. None


4. According To Euro Money Magazine, which of the following is the world’s best privare bank ?
A. Switzerland’s UBS
B. Royal bank Of Scotland
C. Us based GE Capital
D. All of the above
E. None


5. Which of the following foreign banks is going to set up business in India ?
A. Royal bank of Scotland
B. Industrial and commercial Bank of china
C. Us Based GE Capital
D. All of the above
E. None


6. The Commercial banks have been organised either as public corporations under separate Acts of Parliament or as joint stock companies under the companies act Of
A. 1949
B. 1956
C. 1965
D. 1969
E. None


7. The co-operative Bank is Governed by the banking Regulation Act 1949 and Banking laws co-operative societies Act of
A. 1952
B. 1960
C. 1965
D. 1969
E. None


8. Net Inter-bank Liabilities have been exempted from the maintenance of statutory Liquid Ratio Effective from
A. April 26, 1997
B. April 29, 1998
C. May 6 ,1999
D. July 12 ,1999
E. None


9. The Reserve Bank is empowered to issue directive to the banking companies to determine the policy in relation to advances to be followed by them. these Directives may relate to
A. The margins to be maintained in respect of secured advances
B. The maximum amount of advances to any borrower
C. Either A) or B)
D. Both A) and B)
E. None


10. Co-operative Banks in India Finance Rural areas under
A. Cattle and milk
B. Farming
C. Hatchery and personal Finance
D. All of the above
E. None


11. The First among the private sector banks in Kerala to become a scheduled bank in 1946 under RBI Act was
A. South Indian Bank
B. Canara bank
C. State bank of Travancore
D. None of these
E. All of the above



12. Which bank was not set up during 1906 and 1913 ?
A. Bank of Baroda
B. Central bank of India
C. Bank of Mysore
D. Bank of Madras
E. None


13. India’s Oldest ,Largest and Most Successful Commercial Bank ,offering the widest possible range of domestic, international and NRI Products and services ,through its vast network in India and overseas is
A. Allahabad bank
B. Bank of India
C. State bank of India
D. Punjab National Bank
E. None


14. When the credit guarantee corporation was created ?
A. 1971
B. 1973
C. 1980
D. 1982
E. None


15. Regional rural banks were created in
A. 1968
B. 1970
C. 1975
D. 1980
E. None


16. When did the Nationalisation of seven Banks with deposits over 200 crore take place ?
A. 1975
B. 1980
C. 1982
D. 1985
E. None


17. Which committee worked for the liberalisation of the banking practices?
A. M Narasimham committee
B. Y Sabarwal Committee
C. S Ramanujam Committee
D. V Chellaiah Commitee
E. None


18. The State Bank of India is India’s Largest Commercial Bank and is Ranked one of the top
A. 10 banks of the world
B. 20 banks of the world
C. 5 banks of the world
D. 3 banks of the world
E. None


19. Till 1980, approximately what percent of the banking segment in India were under government ownership ?
A. 60%
B. 70%
C. 80%
D. 90%
E. None


20. Magnetic Strips in Credit cards were used for the first time in
A. 1960
B. 1970
C. 1975
D. 1980
E. None

General awareness- 2012 Practice Test 40 FOR IBPS PO EXAM

1. As on 30th june 1999,how many scheduled banks were there in India having total network of 64,918 branches ?
A. 100
B. 200
C. 300
D. 400
E. None


2. Which of the following is a scheduled Bank in Private Sector ?
A. ICICI banking Corporation bank ltd
B. HDFC Bank Limited
C. Bank Of Punjab Limited
D. All of the above
E. None


3. Which of the following is/are scheduled foreign banks in India ?
A. Bank of Tokyo Ltd
B. Dresdner Bank AG
C. Citi Bank N.C
D. All of the above
E. None


4. Under which section of the RBI Act of 1934 ,it is obligatory on the part of the RBI to appoint the SBI as its role agent at all places where the bank has no branch or office of its banking Department but where there is branch of the State bank or its Subsidiary Bank ?
A. Section 38
B. Section 45
C. Section 46
D. Section 52
E. None


5. In Which Year the Concept of credit cards was used with the launch of charge cards in USA by diners Club and American express ?
A. 1930
B. 1940
C. 1950
D. 1960
E. None


6. What is one of the plus features of credit cards in India?
A. Insurance on goods purchased
B. Waiver of payment in Case of Accidental Death
C. Lost baggage Insurance
D. All of the above
E. None


7. Assets against Which RBI issue Bank Notes is
A. Gold coin and Billions
B. Foreign securities
C. The bill of exchange and promissory notes payable in India Which are eligible for purchase by the bank
D. All of the above
E. None


8. The Reserve bank of India is authorised to make the central and state Governments ways and means advances which are repayable within
A. 3 months from the date of making of advances
B. 6 months from the date of making of advances
C. 9 months from the date of making of advances
D. 12 months from the date of making of advances
E. None


9. The first credit card was issued in India by Visa in
A. 1980
B. 1981
C. 1983
D. 1985
E. None


10. The Country’s First Gold Card Was Issued from Visa in
A. 1982
B. 1984
C. 1986
D. 1990
E. None


11. The number of Days Given to you on your cards before the card is suerstarts charging you interest is called
A. Silent period
B. Advance period
C. Grace period
D. All of the above
E. None


12. In personal Loan ,one can get a sanctioned loan amount between
A. Rs.25,000 to 10,00,000
B. Rs. 25,000 to 5,00,000
C. Rs. 25,000 to 1,00,000
D. Rs. 23,000 to 4,00,000
E. All of the above


13. Car loan /auto loan are sanctioned to the extent of
A. 75 % upon the Ex-showroom price of the car
B. 80 % upon the Ex-showroom price of the car
C. 85 % upon the Ex-showroom price of the car
D. 100 % upon the Ex-showroom price of the car
E. None


14. From 2003 to 2004,the International Money Transfer Market grew at the rate of
A. 8.5 %
B. 9%
C. 9.3%
D. 9.5%
E. None


15. Apart from Banks few Financial institutions and online portals give services of money transfer to India . which of the following is one of them ?
A. Ikobo Money transfer
B. Union money transfer
C. Money gram international
D. All of the above
E. None


16. A scheduled bank must have a paid up capital and reserves of an aggregate value of not less than Rs.
A. 5 lakhs
B. 10 lakhs
C. 1 crore
D. 5 crore
E. None


17. For Licensing a foreign bank , the RBI must be satisfied about the fact that
A. The carrying on of banking business by such bank in India will be in the public interest
B. That the government or Law of the country of its origin does not discriminate against banking companies registered in India
C. That the company complies with all the provisions of the Act Applicable to such companies
D. All of the above
E. None


18. Reserve Bank’s prior approval is necessary for appointment or reappointment or Termination of appointment of a
A. Chairman
B. Managing director
C. Manager
D. All of the above
E. None


19. Banking Regulation Act ,1949 , requires very banking company to maintain in india in cash ,gold or unencumbered approved securities , an amount which shall not, at the close business on any day , be less than 25 percent of its Net demand and time liabilities in india .this is called
A. Statutory liquid Ratio
B. Statutory Reserve ratio
C. Statutory balance
D. All of these
E. None


20. Which of the following not correctly matched ?
A. Bengal central Bank LTD -1918
B. Comilla Union bank LTD -1922
C. Hooghly Bank LTD -1932
D. Comilla banking Corporation Ltd -1926
E. None

General awareness- 2012 Practice Test 39 FOR IBPS PO EXAM

RELATED TO BANKING  AWARENESS

1. The First bank in India to be given as ISO certification is

A. Punjab national bank
B. Canara bank
C. State bank of India
D. Bank of India
E. None


2. The general bank of India was set up in
A. 1784
B. 1785
C. 1786
D. 1794
E. None


3. The first Indian bank to have been started solely with Indian capital is
A. Bank of India
B. Punjab national bank
C. State bank of India
D. Central bank
E. None


4. The east India company established bank of Bengal in
A. 1809
B. 1813
C. 1834
D. 1847
E. None


5. Bank of Bombay was established in
A. 1843
B. 1846
C. 1850
D. 1840
E. None


6. The first bank in northern India to get ISO 9002 certification for their selected branches is
A. Punjab national bank
B. Sind bank
C. State bank of Bikaner
D. Allahabad bank
E. None


7. Bank of madras was established in
A. 1840
B. 1843
C. 1846
D. 1850
E. None


8. In 1865 which bank was established exclusively by Indians?
A. Allahabad bank
B. Canara bank
C. Bank of maharashtra
D. Bank of baroda
E. None


9. The Headquarters of Punjab national bank established in 1894 was at
A. Bombay
B. Calcutta
C. Amritsar
D. Lahore
E. None


10. India’s second largest private sector bank and is now the largest scheduled commercial bank of India is
A. The Federal Bank Limited
B. Bank of India
C. Bank of baroda
D. Punjab national bank
E. None


11. Bank which started as private share holders bank ,mostly Europeans is
A. The Federal Bank Limited
B. Imperial Bank of India
C. Bank of India
D. Bank of madras
E. None


12. The Banking company Act ,1949 which was later changed to banking Regulation Act 1949 As per amending Act Of ..
A. 1960
B. 1965
C. 1970
D. 1975
E. None


13. In Which Year the Government Nationalised imperial Bank of India With extensive banking facilities on a large scale specially in Rural and semi-urban areas ?
A. 1955
B. 1960
C. 1971
D. 1973
E. None


14. Banking Regulation Act were enacted in
A. 1939
B. 1945
C. 1949
D. 1952
E. None


15. The subsidiaries of SBI was Nationalised in
A. 1959
B. 1969
C. 1979
D. 1980
E. None



16. Bank of India was founded in
A. 1907 in Madras
B. 1906 in Calcutta
C. 1907 in Calcutta
D. 1906 in Mumbai
E. None


17. Which of the following is the first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at paris in 1974 ?
A. Bank of Maharashtra
B. Bank of Allahabad
C. Bank of India
D. Bank Of Punjab
E. None


18. The oldest public sector bank in India having branches all over India and serving the Customers for the last 132 years is
A. Allahabad bank
B. State bank of India
C. Bank of Baroda
D. Canara Bank
E. None


19. The first Indian Commercial Bank which was wholly owned and managed by Indians is
A. Bank of India
B. State Bank Of India
C. Central Bank Of India
D. Allahabad bank
E. None


20. The State Bank Of India serves 90 million customers through a network of
A. 5000 branches
B. 7000 branches
C. 9000 branches
D. 10,000 branches
E. None

General awareness- 2012 practice test 30

1. Which of the following rates for banking system is NOT correctly matched with its
value announced by RBI in third quarter monetary policy review on January 24,
2012?
a) RR - 8.5%
b) RRR - 7.5%
c) CRR - 6.0%
d) MSF - 9.5%
e) None of the above

2. Which of the following is rank of India in 2012 Environmental Performance Index
released by Yale University of Davos?.
a) 134
b) 125
c) 119
d) 113
e) 108


3. Phobos-Grunt, the Russian satellite failed to reach orbit after a computer
malfunction and crashed back to Earth on Jan 15, 2012. The Phobos-Grunt
mission lifted off Nov 8, 2011 on a mission to collect samples from the ______.
a) Mars moon
b) Mars soil
c) Mars weather
d) Mars rocky mountains
e) None of the above


4. In which of the following States, Armed Forces Special Powers Act (AFSPA) term
has recently been extended by Central Government for one more year?
a) Nagaland
b) Tripura
c) Mizoram
d) Assam
e) Jammu & Kashmir


5. Recently, the government took a decision to stop releasing weekly inflation data
in a bid to curb speculative movement in prices of essential commodities. Weekly
primary articles inflation data based on Wholesale Price Index (WPI) was released
by the Ministry of Commerce and Industry mostly every ___________.
a) Monday
b) Tuesday
c) Thrusday
d) Saturday
e) None of the above


6. Which of the following aerospace companies has won the 10.4 billion dollars deal to
supply 126 Medium Multi-Role Combat Aircraft (MMRCA) to the Indian Air Force
(IAF)?
a) Saab
b) Boeing
c) Lockheed Martin
d) Dassault Rafale
e) United Aircraft Corporation


7. The National Population Register (NPR) is the biggest biometric identity database
to be maintained by which of the following institutions/agencies?
a) Planning commision of India
b) National Development Council
c) Telecom Regulatory Authority of India
d) Unique Identification Authority of India
e) None of the above


8. Special Tiger Protection Force (STPF) has recently been set up in which of the
following States to protect tigers from poachers and hunters?
a) Odisha
b) Karanatka
c) Rajasthan
d) Gujarat
e) West Bengal


9. Which of the following is the name of India’s first cloud based tablet solution for
school students launched recently?
a) Aaksah
b) Sakshat
c) e-Tutor
d) e-Guru
e) Galaxy


10. Who among the following was chief guest at India’s 63rd Republic Day?
a) Dilma Rousseff
b) Yingluck Shinawatra
c) Helle Thorning-Schmidt
d) Kamla Persad Bissessar
e) None of the above


11. Name the tennis player who has won the Australian Open Women’s title in the
final played on January 28, 2012?
a) Kim Clijsters
b) Maria Sharapova
c) Svetlana Kuznetsova
d) Martina Navratilova
e) Victoria Azarenka


12. Who among the following persons has been appointed as new chief of paramilitary
Central Industrial Security Force (CISF)?
a) Rajiv
b) Ajit M Sharan
c) Ramesh Sharma
d) Shankar Aggarwal
e) None of the above


13. Name the book authored by Salman Rushdie?
a) Revolution 2020
b) River of Smoke
c) Moth Smoke
d) The Satanic Verses
e) Last Man in Tower


14. At the State level, a Lokayukta (ombudsman) is appointed by whom?
a) President of India
b) Governor of the State
c) Chief Minister of State
d) Speaker of State Legislative Assembly
e) None of the above


15. Nirbhashan (Exile ) is the autobiography of :
a) Shobha De
b) Medha Patkar
c) Arundhati Roy
d) Leela Samson
e) Taslima Nasrin


16. Pesky message(s) is/are
a) a type of phishing e-mail
b) a spam message in mail-inbox
c) unsolicited telemarketing text messages
d) a text message for micro-blogging site
e) None of the above


17. Cloud computing allows consumers and businesses to use applications without ____.
a) remote server
b) installation
c) internet
d) authetication
e) All the above


18. Dyslexia is associated mainly with difficulties in
a) hearing
b) speaking
c) reading
d) walking
e) None of the above


19. Inflation happens when there are
a) less goods and more buyers
b) more goods and less buyers
c) less goods and less buyers
d) more goods and more buyers
e) None of the above


20. Natural gas is a gaseous fossil fuel consisting primarily of
a) Ethane
b) Methane
c) Propane
d) Butane
e) None of the above

General Awareness Practice Series-24 Ibps exam

1. Who among the following has been defeated by Saina Nehwal, who has won the Swiss open grand Prix Gold title recently, becoming the First Indian to do so?
(a) Ji Hyun Sung
(b) Wang Lin
© Kamila Rytter Juhl
(d) Shinta Mulia Juhl


2. Which among the following correctly defines the Net Interest Income?
(a) Interest earned on advances
(b) Interest earned on investments
© Total interest earned on advances on advances and investment
(d) Difference between interest earned and interest paid


3. Where is going to be established the Mahatma Gandhi Institute of education fro Peace and Sustainable development (MGIEP), the latest & first category-I institute of UNECO in South Asia?
(a) New Delhi
(b) Ahmadabad
© Mumbai
(d) Pune


4. Anant Pai, better known as ‘Uncle Pai’, who recently died was the creator of which among the following comic series?
(a) Chacha Choudhary
(b) Amar Chitra katha
© Chandamama
(d) Indrajaal


5. Which among the following is not a Nonpermanent member of United Nations Security Council for the Period of 1 January 2011 -31 December 2012?
(a) Nigeria
(b) Germany
© Portugal
(d) Columbia


6. In which among the following types comes the Interest Rate Risk?
(a) Credit risk
(b) Market risk
© Operational risk
(d) All the above categories


7. Where was held the 98th Indian Science Congress in early 2011?
(a) Hyderabad
(b) Chennai
© Kochi
(d) Kolkata


8. Which among the following international sports body had unveiled an anti-corruption committee to enhance credibility and increase transparency?
(a) International Cricket Council
(b) International Olympic Committee
© FIFA
(d) Commonwealth Games Federation.


9. E.S. L. Narasimhan is the Governor of which among the following states?
(a) Karnataka
(b) Andhra Pradesh
© Tamil Nadu
(d) Kerala


10. When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products?
(a) Increasing trend
(b) Decreasing trend
© Constant trend
(d) There is no relevance of the inflation in pricing of the Banking Products


11. In which among the following courts, Chennai open is played?
(a) Clay court
(b) Grass court
(c) Hard court
(d) Carpet court


12. Which of the following countries is located the temple of Preah Vihear, one of the famous world Heritage sites?
(a) Thailand
(b) Myanmar
© Cambodia
(d) Vietnam



13. Which among the following body gives the Pritzker Prize, the Nobel of Architecture every year?
(a) Wolf foundation
(b) Hyatt Foundation
© Royal Institute of British architects
(d) Leading European Architects Forum



14. Which among the following is the correct character of the Foreign Exchange Markets?
(a) Foreign Exchange markets are localized markets
(b) Foreign exchange markets operate within a country’s time zone
© Foreign exchange markets are dynamic and round the clock markets
(d) Foreign exchange markets are used only for trade related transactions


15. Who among the following headed the forest Rights Act review Committee that submitted its report in the first half of 2010?
(a) Syeda hameed
(b) Narender Jadhav
© Arun Maira
(d) N C Saxena


16. Who among the following is the chairman of National Knowledge Commission?
(a) Sam Pitroda
(b) Deepak Nayyar
© Nandan Nilkeni
(d) Dr. Pushp Bhargav


17. Suchitra Mitra, who died recently, was an artist of which among the following types of Music?
(a) Hindustani classical
(b) Carnatric Music
© Rabindra sangeet
(d) Pakistani Classical


18. After Uttar Pradesh, which among the following states has the maximum share in the total Route Km of Indian Railways?
(a) Rajasthan
(b) Maharashtra
© Andhra Pradesh
(d) Gujrat


19. In which of the following states of India is located a tiger reserve, which is also a World Heritage site?
(a) Rajasthan
(b) Asom
© Madhya Pradesh
(d) Uttar Pradesh


20. Which among the following Industrial Policy resolution/ statement was based upon the Mahalanobis Model of growth?
(a) Industrial Policy resolution – 1956
(b) Industry Policy statement – 1973
© Industrial Policy statement -1977
(d) Banking Policy 1969


21. in which of the following states, maximum Coast Guard stations have been established in India?
(a) Foreign Trade promotion Board
(b) Department of Commerce
© RBI
(d) SEBI


22. In which of the following states of India, world’s first Global Center for Nuclear energy Partnership was started a few months back?
(a) Rajasthan
(b) Kerala
© Haryana
(d) Uttar Pradesh

General Awareness Practice Series-23 Ibpsexam

1. Which among the following body promoted securities Trading Corporation of India Limited (STCI) jointly with the Public sector Banks?
(a) SEBI
(b) Reserve bank Of India
© IDBI Ltd.
(d) ICICI Ltd


2. The state bank of India (Amendment) Bill-2010, which was passed in the parliament in the latter half of 2010, apart from other things, reduces the statutory minimum shareholding of the Central Government in the bank from ________ to ______ %, which among the following set of figures fills the blank correctly?
(a) 59, 52
(b) 55, 51
(c) 59, 55
(d) 62, 51


3. What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents?
(a) Bill of exchange
(b) Letter of Exchange
(c) Letter of Credit
(d) Bill of entry


4. Mutual funds are regulated in India by which among the following?
(a) RBI
(b) SEBI
(c) Stock exchanges
(d) RBI and SEBI both


5. Which of the following country was the host of First Asian Yoga Championship held recently?
(a) Thailand
(b) Cambodia
(c) Vietnam
(d) Laos


6. Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?
(a) RBI
(b) Department of Agriculture
(c) NABARD
(d) Department of Finance


7. Which among the following duties is applied by a government to control the exports of a commodity, so that the commodity can be used by the local markets than in foreign countries?
(a) Custom duty
(b) Excise Duty
(c) Anti dumping duty
(d) Dumping Duty


8. We read in the newspapers that the foreign direct Investments are preferred over the Capital Inflow. In this context, please consider the following.
1. FDI brings in latest technology
2. FDI does not involve large outflow
3. FDI improves efficiency of the economy
Which among the above is/are most suitable reason/reasons for the given statement?
(a) Only 1
(b) Only 1 & 3
© Only 1 & 2
(d) All 1, 2 & 3


9. Which among the following body finalizes the market-borrowing programmers of State Governments in India?
(a) State Governments
(b) RBI
(Union Ministry of Finance
(d) Planning Commission


10. Which among the following is the only correct statement?
(a) Money market meets long term financing needs
(b) Recession in industrial sector in India is normally due to fall in exports
© Ways and means advances is given by RBI are nowhere related to state’s revenue
(d) Exchange rate is fixed by RBI



11. Which among the following is the top dividend paying company of India, as per a study done by economic Times?
(a) ONGC
(b)TCS
© ITC
(d) IOC


12. Many a times we read in the newspapers hat the Government of India signs DTAA to broaden the scope of article of exchange of information to include exchange of banking information. What does the DTSS refers to here?
(a) DTAA taxation article agreement
(b) Double taxation avoidance agreement
© Double taxation avoidance arrangements
(d) Dual tax agreement arrangement



13. What does the Canada India Research U.S. refer to?
(a) A business forum
(b) A nuclear reactor
© A scientific research group
(d) A proposed space research organization.


14. Which among the following decides the oil Prices in India?
(a) Government of India
(b) Government of Respective states
© Ministry of Petroleum
(d) Oil Companies


15. Consider the following statements in context with Treasury Bulls?
1. They are issued by Government of India on behalf of RBI
2. They are mostly for short term borrowings
3. Treasury Bills cannot be purchased by any person resident of India
Which among the above is/are correct?
(a) All are correct
(b) 2 & 3 are correct
(c) Only 2 is correct
(d) Only 3 is correct


16. Which among the following is India’s largest indigenous Research and Production Nuclear Reactor?
(a) Apsara
(b) Dhurva
© Kamini
(d) CIRUS


17. Bring out the only incorrect statement:
(a) Reserve Repo operation by RBI aims are injecting/increasing liquidity
(b) SDR refers to special drawing
© Rupee appreciation results in decrease in imports
(d) Increase in inflation rate leads to decline in real interest rate


18. Which among the following is headed by Justice Lokeshwar Singh Panta?
(a) Arms forces Tribunal
(b) National Green Tribunal
© Debt Recovery tribunal
(d) Central Administrative tribunal


19. Christine Lagarde, who recently headed the G-20 meeting of Finance Ministers and Governors of Central Banks, Is the Finance minister of which among the following countries?
(a) Australia
(b) France
© Italy
(d) Germany


20. Consider the following statements:
1. Increase in deposit rate results in higher savings
2. Increase in deposit rate results in fall in credit off takes
3. Increase in deposit rate results in increase in investment which among the above statement/statements is /are correct?
(a) 1 &2
(b) 1 & 3
© 1, 2, 3
(d) Only 1


21. Which among the following is not a feature of the proposed Companies Bill 2009?
(a) Limit on the number of the subsidiary companies
(b) Rotation of the auditors
© Reduction in the types of the companies’ categories
(d) Proposal Of national company law tribunal;


22. The universal service obligation fund (USOF) has been established under which among the following departments of Government of India?
(a) Department of Consumer Affairs
(b) Department of Industrial policy and Promotion
© Department of Telecommunication
(d) Department of Economic Affairs


23. Kuno Palpur Wildlife Sanctuary, which is being proposed as a new home for some relocated Gir lions from Gujarat, is located in which among the following states.
(a) Maharashtra
(b) Madhya Pradesh
© Orissa
(d) Rajasthan


24. Which among the following sports is NOT a part of the London Olympics?
(a) Tackwondo
(b) Baseball
© Table Tennis
(d) Triathlon


25. We read the various newspapers that during the period from June, 20009 to September 2010, the Ministry of Road transport and Highways have achieved a target of constructing on an average 12.01 km of National Highways per day. However, this achievement if shorter compared to the target of constructing 20 km of Highways per day. To achieve this target, it is time approximately ________ of works are under way. Which among the following fills the blank correctly?
(a) 10000 km
(b) 15000 km
© 20000 km
(d) 25000 km

General Awareness Practice Series-22

1). Which of the following foreign agency will assist the municipal agencies to improve quality of municipal schools through its school excellence program ?
(A) IMF (B) UNDP (C) UNICEF (D) ADB


2). Which of the following has got RBI nod to issue prepaid card to its clients
(A) LIC (B) SIDBI (C) NABARD (D) GIC


3). In deposit account `KYC` (Know Your customer) has been implemented in 2002 as per directicve of
(A) SEBI (B) RBI (C) IBA (D) IRDA


4). Which of the following intrest rate indicates towards long run viewpoint of RBI
(A) Repo Rate (B) CRR (C) Bank Rate (D) Reserve Repo Rate


5). What is cross border exchange
(A) Foreign exchange trade in India (B) Hawala trading of Indian rupee
(C) Illegal transfer of Indian rupee (D) None of the above


6). As per RBI directions, the places having population above 2000,have to be provided banking facilities positively be the end of
(A) March 2011 (B) March 2012 (C) March 2013 (D) March 2015


7). Mega food parks scheme was initiated by the Government of India with the objective:
(A) To ensure better prices products to farmers (B) To increase productivity of agriculture crops
(C) To Control food prices (D) None of the above


8). Which of the following organization provides guarantee to exporters ?
(A) EXIM Bank (B) Export Loan Guarantee Corporation (C) RBI (D) Commerce Ministry


9). The term IRR used in banking/financial sectors to
(A) Internal Rate of Return (B) Internal Revaluation Reserve (C) Investment Reserve Ratio
(D) Internal Risk Return


10). Which of the following regulates mutual funds ?
(A) Association of Mutual Funds of India (B) SEBI (C) RBI (D) IRDA


11). The share percentage of sponsor bank in the equity of Regional Rural bank is
(A) 25 % (B) 33 % (C) 49 % (D) 51 %


12). "Base Rate " is a banking term.The base term is determined by
(A) RBI (B) Commercial Bank (C) Finance Ministry (D) Import Substitution


13). DEPB Scheme which ended in September 2011 was related with
(A) Foreign Direct Investment (B) Foreign Institutional Investment
(C) Export Promotion (D) Import Substitution


14). Recently Ministry of commerce have introduced a new "Niryat Bandhu" scheme for mentoring first generation Entrepreneurs?Who among the following are the "Niryat Bandhus" ?
(A) Entrepreneurs (B) Officers (C) Agents (D) Export Assistants


15). Who among the Following is the current Managing Director of International Monetary Fund (IMF) ?
(A) Robert Zoellick (B) Christina Lagarde (C) Pascal Lamy (D) Helen clark


16). RBI on 16th September 2011 raised the Repo rate by 20 basis points which took the repo rate to -
(A) 8.00 % (B) 8.25 % (C) 8.50 % (D) 8.75 %


17). The rate at which RBI gives short term loan to commercial banks is called
(A) Repo Rate (B) Reserve Repo Rate (C) Bank Rate (D) Cash Reserve Rate


18). The Approach paper of 12th 5 year plan (2012-2017) proposes country`s average growth rate at
(A) 8.0% (B) 8.5% (C) 9.0% (D) 9.5%


19). UNCTAD had forecasted India`s growth in 2011 at 8.6 % a year ago now UNCTAD has revised this growth rate at
(A) 8.0% (B) 8.1% (C) 8.2% (D) 8.3%


20). At the end of March 2011,India`s external debt stock stood at
(A) US $ 298.6 billion (B) US $ 300.9 billion (C) US $ 305.9 billion (D) US $ 311.6 billion


21). As on end march 2011,the percentage of short term debt to total debt stands at
(A) 21.2 % (B) 20.0 % (C) 19.3 % (D) 18.9 %


22). Which of the following committee has proposed to abolish the distinction between the Plan and Non-Plan expenditure
(A) Suresh Tendulkar Committee (B) Rangarajan Committee (C) Rakesh Mohan Committee
(D) Usha Thorat committee


23). During April-July 2011 period, the core sector registered ............ growth against 6.5 growth is the same period last year
(A) 5.6 % (B) 5.7 % (C) 5.8 % (D) 6.0 %


24). NTPC has decided to set up its first overseas power plant in
(A) Mauritius (B) Sri Lanka (C) Indonesia (D) Kenya


25). During 2011,total farm exports of India stood at $ 21903 miilion which is ........ of total ountry`s export
(A) 8.68 % (B) 9.32 % (C) 9.96 % (D) 10.03 %


26). On which one of the following "Head of the Expenses", the expenses of the Govt. of India are highest ?
(A) Food Subsidy (B) Oil Subsidy (C) Fertilizer Subsidy (D) POL Subsidy


27). Under provisions of which one of the following acts the RBI issues directives to banks of India
(A) RBI Act (B) RBI Regulation Act (C) Essential Commodity Act (D) RBI and Banking Regulation Act


28. Consider the following:
1. Repo Rate 2. Reverse Repo Rate 3. Cash Reserve Ratio 4. Statutory Liquidity Ratio
Which among the above are called Statutory Pre-emptions?
(A) 1 & 2 (B) 2 & 3 (C) 3 & 4 (D) 1 & 4


29). Which among the following body regulates Mutual Funds in India?
(A) RBI (B) SEBI (C) NABARD (D) AMFI


30). Which among the following was the main objective of the Fiscal Responsibility and Budget Management Act, 2003?
(A) Achieve Fiscal Surplus (B) Eliminate Revenue deficit (C) Eliminate Fiscal Deficit (D) Stop Money Laundering