General awareness Quiz-58 for bank Exam

1. Which one of the following is the most important rabi crop in India ?
A. Rice
B. Millet
C. Sugarcane
D. Groundnut
E. Mustard

2. For continued technological up-gradation of export sector ,EPCG scheme has now been extended up to _______
A. 31st March 2013
B. 31st March 2014
C. 31st March 2015
D. 31st March 2016
E. None

3. Many times we read the term “ECB” in news papers. What is the full form of the “ ECB” ?
A. Essential Commercial Banking
B. European Credit Barrowing
C. External Credit For Business
D. External Commercial Barrowing
E. None of these

4. The Government has appointed _____as the next chief of the Naval Staff
A. P.K.JOSHI
B. N.K. JOSHI
C. D.K. JOSHI
D. L.K JOSHI
E. C.K. JOSHI

5. Major producer of mulberry silk in India is ____
A. Jammu and Kashmir
B. Jharkhand
C. Karnataka
D. Assam
E. Himachal Pradesh

6. Planning Commission has agreed to provide Rs. _____crore in the 12th five year plan for developing infrastructure in rapidly urbanizing areas known as census towns in the new version of PURA
A. 1500
B. 2500
C. 3500
D. 4500
E. 5500

7. Gold revolution refers to the development of which of the Agriculture products ?
A. Oil seeds
B. Pulses
C. Horticultural products
D. Cereals
E. Fodder

8. Which airport has been identified as a new port for the purpose of benefits under Export promotion schemes?
A. Visakhapatnam Airport
B. Mumbai Airport
C. Kolkata airport
D. Lucknow airport
E. None if these

9. Which programme was launched by Government of India improve irrigation facilities in rural India ?
A. Annapurna Scheme
B. National Social Assistance programme
C. Integrated Rural Development progarmme
D. Sampoorna Grameena rozgar yojana
E. National watershed Development Programme

10. How many new items are being added to market Linked Focus Product Scheme ?
A. 26
B. 36
C. 46
D. 56
E. 66

11. What is money laundering?
A. Conversion of Assets into cash
B. Conversion of illegally obtained money into accountable money
C. Conversion of cash into Gold
D. Conversion of gold into cash
E. None of these

12. How many new items are being added to focus product scheme (FPS) list ?
A. 110
B. 210
C. 310
D. 410
E. 510

13. Who is the regulatory authority for insurance business in India ?
A. RBI
B. IRDP
C. SEBI
D. NABARD
E. None of these

14. The annual plan for the year 2012-2013 for the state of Assam was finalized at a meeting between Deputy Chairman ,Planning Commission ,Montek Singh Ahluwalia and chief Ministar of Assam ,Tarun Gogoi. The plan size has been agreed RS. ____crore .
A. 10500
B. 20500
C. 30500
D. 40500
E. 50500

15. Montek Singh Ahluwalia is holding which of the following positions at present?
A. Chairman of planning Commission
B. Governor Of RBI
C. Secretary of UNO
D. Economic Advisor to Prime minster
E. Deputy Chairman of Planning Commission

Economic News for IBPS PO EXAM 2012 (General Awareness ) Part-3

1. The government said gross non-performing assets (GNPAs) of nationalized banks stood at Rs 59,397 crore at the end of December 2011.

2. Moody's downgraded three top private sector banks 〞 ICICI Bank, HDFC Bank and Axis Bank 〞 on growing concerns over the country's sovereign debt ratings and low level of cross-border diversification of their operations. Moody’s also downgraded Life Insurance Corporation of India (LIC) following its recent investments in the oil and gas giant Oil and Natural Gas Corporation (ONGC).

3. Seoul-headquartered Woori Bank has set up its first Indian branch in Chennai.

4. IMF lowered India's growth projection to 6.9 per cent for 2012.

5. RBI has made it mandatory for all banks to print the MICR and IFSC code on the passbook and statement of account of the customers.

6. Reserve Bank asked banks not to levy any penalty on pre-payment of loans taken on floating rate

7. Record food grain production in India 2011-12 => 252.56 million tones Wheat production => 90.23 million tones Rice production=>103.41 million tones

8. The interest rate on the Employees' Provident Fund will be increased to 8.6 per cent from 8.25 per cent for the current fiscal.

9. RBI permitted RRB and cooperative bank to participate in Centralized Payment systems. Now these banks can transfer fund through NEFT and RTGS.

10. Foreign exchange reserves in India on March 2012 - $296 billion dollar

11. Centre launched a $2 billion infrastructure debt fund (IDF) to catalyse long-term lending to coresectors. The fund, which will be set up jointly by private sector lender ICICI Bank, Bank of Baroda, Citibank and Life Insurance Corporation of India (LIC)

12. Cheque and Draft will be valid for 3 month from 1 April 2012. 54. Tele density in India in December 2011 - 76.86% 55. After SBI and NABARD ownership of National Housing Bank (Now RBI hold 100% share) will be transferred from RBI to Government

Important Organization and Summit

1. New Member

a. United Nation - Total Member - 193 (Last member- South Sudan)

b. WTO - Total Member - 157 (Last member- Russia, Samoa, Montenegro)

c. World bank and International Monetary Fund - Total Member - 188 (Last member - South Sudan)

d. European Union - Total member - 27 (Next member will be Croatia in July 2013) the

2. 38 G 8 Meeting 2012 - David camp, USA (Last meeting 2011 - Deauville, France)

3. 7th G 20 Meeting 2012 - Los Cabos, Mexico (Last Meeting 2011 - Cannes, France)

4. 7th SAARC (South Asian Association for regional cooperation) Meeting 2011 - Addu, Maldives (Next Meeting 2012 - Nepal)

5. 20th ASEAN (Association of South East Asian Nation) Meeting 2012 - Phnom penh, Cambodia (Last Meeting 2011 - Bali, Indonesia)

6. 5th IBSA (India, Brazil and South Africa) summit 2011 - Pretoria, South Africa (Next Meeting 2012 -Brazil, and in 2013 - India)

7. 4th BRICS (Brazil, Russia, India, China and South Africa) summit 2012 - New Delhi (Next Meeting 2013 - South Africa)

8. 8th WTO (World Trade Nation) ministerial conference 2011 - Geneva, Switzerland

9. 23rd APEC (Asia pacific Economic cooperation) summit 2011 - Honolulu, USA (Next Meeting 2012 - Vladivostok, Russia)

10. 16th NAM (Non aligned Movement) summit 2012 - Tehran, Iran (Last meeting 2009 - Sharm el sheikh, Egypt)

11. SCO (Shanghai cooperation organization) Meeting 2011 - Astana, Kazakhstan (Next meeting 2012 - Beijing, China)

12. 5th OPEC (organization of Petroleum Exporting countries) International seminar 2012 - Vienna, Austria

13. NATO (North Atlantic treaty organization) international conference on Afghanistan will beheld in Chicago (USA)

14. 45th annual meeting of the board of governors of the Asian Development Bank (ADB) held in Manila (Philippines) attended by Pranab mukharji. Next will be in India in 2013.

15. Exercise ＆Shoor Veer conducted by the Army, came to an end in the Thar Desert.

16. United Nations framework convention on Climate - Durban (South Africa) in 2011

17. 10th BASIC Ministerial Meeting on Climate Change - New Delhi

18. Arab summit 2012 - Baghdad (Iraq)

19. Nuclear security summit 2012 - Seoul (South Korea)

20. 12th Annual summit of European Union and India - New Delhi

21. G-20 Finance Ministers and Central Bank Governors meeting - Mexico City

22. Friends of Syria Meeting - Istanbul (Turkey)

23. 5th Ministerial level India-UK Economic Financial Dialogue - New Delhi

24. United Nation Conference on Sustainable Development 2012 - Rio de janeiro (Brazil)

25. 17th National youth Festival - Mangalore (Karnataka)

26. World Economic Forum - Davos (Switzerland)

27. World Polio Summit 2012 - New Delhi Budget (2012-13) 1. Income tax: Category/Tax Rate General Ladies Senior citizen 60-80 year’s Senior citizen More than 80 years 2. 3. 4. 5. 6. 7. 8. 9.

Economic News for IBPS PO EXAM 2012 (General Awareness ) part-2

A Special review on Economy for UP COMING IBPS PO EXAM ON 17 JUNE

1. Export Target for 2012-13 -$350 billion

2. Basel norms will be implemented in India from 1 January 2013 to 2018 (in world 2013 to 2019)

3. Indian banks would need Rs 3,90,000-5,00,000 crore capital over the next six years in the wake of Basel III capital regulations announced by the Reserve Bank of India (RBI).

4. To attract foreign capital and stabilize the rupee, the Centre has permitted residents of six-member Gulf Cooperation Council (GCC) nations and all 27-nation European Union to invest directly in stock markets and individual overseas investor’s 〞 better known as QFIs (qualified foreign investors) 〞 to bring up to $1 billion to the debt market.

5. Earlier in January, the government had permitted QFIs from 34 FATF (Financial Action Task Force) member countries to invest in the stock market.

6. The Reserve Bank is holding gold reserves of 557.75 tonne valued at USD 27.02 billion, which accounts for 9.2 percent of foreign exchange reserves of USD 294.6 billion.

7. Mauritius Prime Minister Navinchandra Ramgoolam has written to Indian prime minister requesting India not to apply the proposed GAAR (General anti avoidance rule) on companies which have been given a tax residency certificate (TRC) by Mauritius.

8. Government deferred the introduction of GAAR (General Anti Avoidance Rules) provisions on foreign investors to the next fiscal year.

9. Largest home loan provider - State Bank of India (onelakh crore Rs. to 20 lakh families)

10. The government set up Rangarajan committee to review the Tendulkar Committee methodology for estimating poverty.

11. According to Planning Commission, Poverty line for rural areas is Rs 672 (daily 22.42 Rs.) and for urban areas is Rs 859 (daily 28.65 Rs.) (2009-10) (average 26 Rs daily).

12. Based on the Tendulkar committee, Planning Commission had announced earlier this year that poverty in the country has come down from 37.2 per cent in 2004-05 to 29.8 per cent in 2009-10 and the number of poor stood effectively reduced from 40.7 crore to 35.5 crore during the period.

13. Switzerland had agreed to provide details of secret bank accounts to India.

14. The U.S. Department of Transportation (DOT) imposed penalty of $80,000 against India's national carrier Air India.

15. Oil Ministry slapped penalty of $1 billion on Reliance Industries for failing to meet gas output targets.

16. Top three according to per capita income: - Goa, Delhi, Haryana.

17. Tax collection at source (TCS) by sellerson cash purchases of jewellery - Rs 5 lakh and on bullion Rs. 2 lakh.PAN card is compulsory.

18. Finance Minister withdrew 1% excise duty on branded and unbranded precious metal jewellery.

19. Rupee plunged to its historic low of 56 against the U.S. dollar due to uncertainty in the euro zone and fresh crisis in Greece.

20. Stockholm International Peace Research Institute (SIPRI) - India has become the largest importer of arms during 2007-11 (10 per centof global arms).

21. RBI has decided to set up a $2 billion swap facility for SAARC (South-Asian Association for Regional Co-operation) member-nations. This facility will be available in foreign currency and Indian rupee.

22. The government said gross non-performing assets (GNPAs) of nationalised banks stood at Rs 59,397 crore at the end of December 2011.

23. India and Pakistan have agreed to do away with requirement of a visa to cross the border on both sides within a radius of 400 metres at the Attari-Wagah point in Punjab for Customs and other related border officials.

24. Prime Minister Manmohan Singh arrived in the Myanmar meets President Thein Sein

25. India and Myanmar expect to double their trade in three years, and despite a delay in introducing a bus link, hope to be connected not just over land and by air but also by rail. Memorandum of Understanding (MoU) singed of US$ 500 million Line of Credit.

‎26. NPAs of public sector banks stood at about 3.3 per cent of the assets in 2011-12 as against 2.3 per cent a year ago. Several companies are opting for corporate debt restructuring (CDR) to tide over the difficult financial situation in the backdrop of slowdown.

27. Bank of India re-entered the mutual fund business by forging a joint venture with AXA Investment Managers with 51 per cent stake.

28. OECD (Organization of economic cooperation and development) said India's economic growth is likely to rise to more than 7.5 percent in calendar year 2013

29.  All foreign exchange earners were permitted to retain their entire foreign exchange earnings in Exchange Earner's Foreign Currency (EEFC) Account with any authorized dealer in India. On a review of this scheme, RBI said, ※50% of the balances in the EEFC accounts should be converted forthwith into rupee balances and credited to the rupee accounts as per the directions of the account-holder

30. The Reserve Bank will shortly put in circulation new coins of Rs 5 denomination to commemorate 150th year of Comptroller and Auditor General of India (CAG). The coin will bear the logo of CAG along with year "1860-2010" on the bottom of the logo

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 for Bank Exams 2012-13

1. Which Indian-American won the Scripps National Spelling Bee competition in Maryland, USA, in June 2012? (This is the 5th consecutive win for Indian-Americans)
1) Stuti Mishra
2) Arvind Mahamkali
3) Snigdha Nandipati
4) Vanya Shivshankar
5) None of these

2. Who became the 25th Chief of the Indian Army on May 31, 2012?
1) J.J.Singh
2) Bikram Singh
3) V.K.Singh
4) Dalbir Singh Suhag
5) None of these
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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

General awareness Practice Test 53 for IBPS PO EXAM

1. Gross National product (GNP) is
A. The total output of goods and services produced by the country’s economy
B. Total domestic and foreign out put claimed by residents of the country
C. Sum of gross domestic product and investment
D. National income minus national expenditure
E. None of these

2. Indian currency was devalued ,last time ,in
A. 1955
B. 1956
C. 1991
D. 1967
E. None

3. Tarapore committee, was associated with which one of the following ?
A. Special Economical Zone
B. Fuller capital account convertibility
C. Foreign Exchange Reserves
D. Effect of oil –prices on the Indian Economy
E. None these

4. National Income is the
A. Net National product at market price
B. Net domestic product at market price
C. Net domestic product at factor cost
D. Net national product at marginal cost
E. None of these

5. The most appropriate measure of a country’s Economic growth is its
A. GDP
B. NDP
C. NNP
D. Per capital Real income
E. None

6. Which one of the following country is the largest source of FDI in India ?
A. USA
B. UK
C. Russia
D. Mauritius
E. None of these

7. Which of the following agreements of WTO mandates the member countries to provide national treatment of foreign investment ?
A. TRIPs
B. TRIMs
C. NAMA
D. ATTC
E. None of these

8. The largest item of expenditure of the Union Government is
A. Defence expenditure
B. Expenditure on social services
C. Subsidies
D. Interest payments
E. None of the above

9. Which one of the following is an additional tax which is imposed to promote a specific purpose ?
A. Surcharge
B. Cess
C. Special assessment
D. Presumptive
E. None of these

10. Inflation is caused by
A. Increase in money supply
B. Increase in production
C. Decrease in production
D. Both ‘a’and ‘b’
E. None of these

General Awareness Previous year modal paper for Bank Exams

1) This agency issued guidelines on distance marketing of products on 6 April 2011 to protect the interest of people who buy policies over phone or Internet. Identify the agency.

a. SEBI
b. IRDA
c. TRAI
d. DoT

2) In India’s first sale of rupee perpetual bonds by a non-finance company Rs 1500 crore ($332 million) was raised. Name the non-finance company.

a. Tata Steel
b. Pantallons Retail
c. RIL
d. Maruti Suzuki

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General awareness Practice Test 52 -2012

1. National Savings Certificates (NSC) are certificates issued by
a) RBI
b) SBI
c) LIC
d) NABARD
e) None of the above


2. Value of assets seized in searches conducted by Income Tax department during 2011- 12, stood at __________.
a) Rs. 745.35 crore
b) Rs. 815.63 crore
c) Rs. 877.43 crore
d) Rs. 905.61 crore
e) None of the above


3. Name the Pakistani scientist who was recently released on bail by Indian Supreme Court after having spent 20 years in Indian detention?
a) Aafia Siddiqui
b) Mohammed Ali Shah
c) Mufti Fazal Ahmed Chisti
d) Mohammed Khalil Chishti
e) None of the above


4. The source of gas for TAPI Gas Pipeline project is
a) Arash gas field
b) Asaluyeh gas field
c) Galkynysh gas field
d) Sheberghan gas field
e) None of the above


5. The maximum amount one can invest in National Savings Certificates (NSC) scheme is capped at __________.
a) Rs 50,000
b) Rs 60,000
c) Rs 70,000
d) Rs 1,00,000
e) No Maximum Limit


6. How many shares sold by World’s biggest social networking website Facebook in its trading debut to raise $16 billion through the initial public offering (IPO) of stock?
a) 377.4 million
b) 467.5 million
c) 421.2 million
d) 442.2 million
e) None of the above


7. The Parliament of India has recently passed a Bill providing for setting up of separate High Courts in which of the following North-Eastern States?
a) Tripura, Manipur and Meghalaya
b) Tripura, Sikkim and Meghalaya
c) Sikkim, Manipur and Meghalaya
d) Sikkim, Nagaland and Meghalaya
e) None of the above


8. IOC is proposing to set up LNG import terminal at Ennore Port in
a) Odisha
b) Kerala
c) Gujarat
d) Maharashtra
e) Tamilnadu


9. How much amount has been proposed by the Government of India to invest for the development of various projects in port sector during the 12th Five Year Plan?
a) Rs.73,793.95 crore
b) Rs.67,784.53 crore
c) Rs.72,863.42 crore
d) Rs.66,753.35 crore
e) None of the above


10. How many Scheduled Commercial Banks (SCBs) are functioning in rural areas of the country as on 31st March, 2012?
a) 27,133
b) 34,671
c) 36,263
d) 38,684
e) None of the above


11. Indian Finance Minister Pranab Mukherjee has recently been elected as chairman of the board of governors of the Asian Development Bank (ADB) for next ______.
a) One year
b) Two years
c) Three years
d) Five years
e) None of the above


12. Finance Minister Pranab Mukherjee has reduced the Securities Transaction Tax (STT) from 0.125 per cent to 0.1 per cent in 2012 Union Budget. STT is applicable to the purchase or sale of
A) Equity shares
B) Equity derivatives
C) Securities listed on Stock Exchanges in India
a) Only (A) b) Only (B) c) Only (C) d) Both (A) & (B) e) All (A), (B) & (C)


13. At present, which among the following items is/are fully exempted from excise duty?
a) Domestic LPG
b) PDS Kerosene
c) Branded silver jewellery
d) Both (a) & (b)
E) All (a), (b) & (c)


14. The Da Vinci Code is a famous mystery-detective novel written by
a) Philip Roth
b) Dan Brown
c) S. D. Perry
d) J.K.Rowling
e) Rudyard Kipling


15. World champion Alexander Dale Oen who died on 30th April 2012 was a famous
a) boxer
b) racer
c) golfer
d) shooter
e) swimmer


16. The Parliament of India celebrated 60 years of its existence on
a) May 5, 2012
b) May 7, 2012
c) May 11, 2012
d) May 13, 2012
e) None of the above


17. Which of the following days is declared as ‘National Girl Child Day’ by Ministry of
Women and Child Development in 2009 to create national awareness on issues
relating to girl-child ratio?
a) March 8
b) January 24
c) February 18
d) September 24
e) November 18


18. Kalinga Institute of Social Sciences (KISS) which runs world’s largest residential
school for tribal children in South Asia is located in which of following cities?
a) Ranchi
b) Bhopal
c) Chennai
d) Bhubaneswar
e) Trivandrum


19. Which Section of Indian Penal Code (IPC) deals with the cases of dowry death?
a) Sec 304B IPC
b) Sec 498A IPC
c) Sec 315 IPC
d) Sec 318 IPC
e) None of the above


20. Swavalamban Yojana seeks to provide
a) pension scheme to the unorganised sector
b) 100 days employment to youths in rural areas
c) banking facilities to rural poors
d) health facilities to semi-urban poors
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