Sunday, October 3, 2010

OBJECTIVE GENERAL KNOWLEDGE QUESTIONS

1. Equity schemes managed strong
NAV gains, which boost their
assets’ was a news in some
financial newspapers. What is
the full form of the term NAV as
used in above head lines

(A) Nil Accounting Variation
(B) Net Accounting Venture
(C) Net Asset Value
(D) New Asset Venture
(D) None of these

Answer.C

2. As per reports published in
various news papers, mutual
fund companies showed 94 per
cent growth in their total profits
during 200940. This means the
profits earned by these companies were 94 per cent——

(A) Of the total investments
they made collectively during
the year
(B) More than their profits
during previous year
(C) Of the total capital of the
company
(D) Less than the total expenditure of the companies
(D) None of these

Answer.B

3. As per the news published in
various news papers Pakistan
has imposed 15 per cent regulatory duty on exports of cotton
yarn. Why countries are required
to impose regulatory duties on
exports of some of their commodities while in the eyes of the
layman more exports means
more foreign exchange and more
revenue for the Govt. ?

1. It is done to control the
exports of a commodity as it
may be needed more in local
markets than in foreign
countries.
2. It is done to control the
general inflation in the
country as the inordinate
exports of various commodities create imbalance and
also cost push inflation.
3. It is a good short time
measure to collect more
revenue from the exports of
the commodity which is in
high demand in overseas
markets.

(A) Only 1
(B) On1y2 `
(C) Only3
(D) All 1, 2 and 3
(E) None of these

Answer.A

4. As per the reports published in
some major news papers ’ADAG
companies made good profits
during the year. ADAG companies are popularly known as-

(A) Companies owned by Tata
Group
(B) Aditya Birla Companies
(C) Reliance companies
(D) Companies owned by Aptech
(E) None of these

Answer.C

5. ONGC — Mittal Energy finds
hydrocarbons in two blocks
OPL-279 8: OPL —2B5 in Nigerian
sea was the news in some major
news papers. what is the full
form of the term OPL as used in
the above headline ?

(A) Oil Prospecting License
(B) Ownership and Partnership
Lease
(C) Overseas Private Line
(D) ON GC Petroleum Ltd.
(E) None of these

Answer.A

6. ”Mutual Funds reported exceptional performance in 2009-lO”
was the news in major financial
news papers recently. What is a
mutual fund 7

l. A type of collective investment scheme that pools
money from many investors
and invest it in stocks, bonds
or other money market
instruments.
2. It is a subsidiary of a bank or
financial company created
specially to false money to
be invested in a particular
industry i.e. housing or
insurance etc, The money
raised thus cannot be
invested anywhere else.
3. When several banks and
financial companies come
together and create a common pool of money to fund
mega infrastructural project
like bridges, roads, power
plants etc. the common pool
is known as Mutual Fund.

(A) Only 1
(B) Only 2
(C) Only3
(D) All 1, 2 and 3
(E) None of these

Answer.B

7. As we all know the Bank Rate at
present is fixed at 6%. What does
it mean in context to the banking
operations

(A) No bank will be able to give
loan to any party on a rate lower
than the Bank Rate
(B) Bank should give loan to
their priority sector customers /
borrowers at the rate of 6% only.
They cannot charge less or more
than this from their priority
sector clients
(C) Banks are required to invest
6% of their total capital on
financial inclusion and inclusive
banking operations
(D) Banks will be required to
give 6% of their total deposits to
the Govt. of India for meeting its
Balance of Trade requirements
(E) None of these

Answer.A

8. As per the reports in various
news papers many private
companies are trying to obtain
F the licenses to launch a banking
company in India. Which rot the
following organizations agencies
issue the license for the same ?

(A) Securities & Exchange Board
of India (SEBI)
(B) Indian Institute of Banking
& Finance (IIBF) `
(C) Indian Bank Association
(D) Registrar of Companies
(E) None of these

Answer.E

9. We very frequently read about
Europe’s Sovereign—debt crisis
these day. Which of the following staten1ent/ s is / are true
about the same ?

1. In early 2010 the Euro crisis
developed in some countries
like Greece, Spain and
` Portugal.
2. This created a credit default
swap between the countries
of the European Union.
3. SAARC countries have
offered some assistance to
some of severely affected
countries like Portugal,
Spain & Greece.

(A) Only 1
(B) Only2
(C) Only 1 and 2
(D) All 1, 2 and Q
(E) None of these

Answer.A

10. As we all know the RBI has
` raised the Cash Reserve Ratio
(CRR) by 25 bps. in April 2010.
What action banks will have to
take to implement the same

1. They will have to deposit
\ some more money with the
RBI as a reserved money.
2. Banks will be required to
give some more loan to projects of the priority sector.
3. Banks will be required to
give loan equivalent to the
CRR to the Govt. of India for
its day to day expenditure as
and when required.

(A) Only l
(B) Only2
(C) Only3
(D) Only 1 and 2
(E) All 1, 2 and 3

Answer.A

11. As per estimates given by the
RBI the Economic Growth during
the year 2010-11 will be at which
of the following levels ?

(A) 6•5% (B) 7%
(C) 7•5% (D) 8%
(E) None of these

Answer.D

12. Which of the following is/are
correct about the RBI’s credit
policy announced in April 2010

1. Repo rate raised by 25 bps.
2. A new reporting platform
was introduced for secondary market transactions in
Certificate of Deposits (CDs)
and Commercial Papers (CPs).
3. Core Investment Companies
(ClCs) having an asset size
of Rs. 100 crore are required
to register also with the RBI.

(A) Only 1
(B) Only2
(C) Only3
(D) All 1, 2 and 3
(E) None of these

Answer.A

13. As per the announcement made
by the RBI some Stock Exchanges
in India are allowed to introduce
Plain Vanilla Currency Options.
The term Plain Vanilla Currency
Options is associated with which
of the following activities /
operations

(A) Dollar — Rupee Exchange
Rate
(B) Floating of Commercial
Papers
(C) Launch of new mutual funds
(D) Deciding the opening price
of a share on a particular business day
(E) None of these

Answer.A

14. Which of the following is not a
term related to banking/ finance
operations 7

(A) Provision Coverage Ratio
(B) Securitization
(C) Consolidation
(D) Commodification
(E) Derivatives

Answer.C

15. The process of “Artificial
Application of Water to the soil
usually for assisting in growing
crops”, is technically known as-

(A) water harvesting
(B) irrigation
(C) water recharging
(D) percolation
(E) None of these

Answer.B

16. As per the news published in
major news papers/journals
henceforth the Credit Card
holders will be able to access
their credit card information
though automated interactive
voice response system over the
phone instead of speaking to the
staff. This decision of the banks/
credit card companies will
provide-

1. an additional hurdle to the
customers as people feel
comfortable in talking to the
staff instead of talking to a
machine.
2. an additional security to the
customers as this does not
allow any staff to handle any
transaction directly.
3. some comfort to the banks
as they will be able to reduce
their staff strength.

(A) Only 1
(B) Only2
(C) Only3
(D) All 1, 2 and 3
(E) Only 1 and 3

Answer.B

17. The 34th National Game which
were postponed several times are
V scheduled to be held in which of
the following states ?

(A) Gujarat
(B) Kerala
(C) Tamil Nadu
(D) Uttar Pradesh
(E) Jharkhand

Answer.E

18. Waste Water generates which of
the following gases which is
more powerful and dangerous
than CO2 ?

(A) Nitrogen
(B) Sulphur-di-oxide
(C) Hydrogen
(D) Methane p
(E) None of these

Answer.D

19. Which of the following days was
observed as World Water Day
2010 ?

(A) 20th June
(B) 22nd July
(C) 22nd March
(D) 20th May
(E) None of these

Answer.C

20. Late Vinda Karandikar who
died a few months back was a
famous-

(A) Author
(B) Cine-Actor
(C) Sportsman
(D) Classical Singer
(E) Social Worker

Answer.A

21. As per the reports published
recently the Govt. of India has
decided to create a separate
agency/body scrutinize all
Foreign Direct Investments
(FDIs) officially. Up till now the
security screening was being
done by the-

(A) Ministry of Foreign Affairs
Govt. of India
(B) Reserve Bank of India
(C) Securities & Exchange Board
of India
(D) Ministry of Finance, Govt. of
India
(E) Ministry of Home Affairs
Govt. of India

Answer.E

22. As per the news reports in
various news papers the USA
has outlined some major policy
goals to prevent the danger of
nuclear terrorism. Which of the
following is / are included in
those policy goals

1. Convene a nuclear security
summit within a year’s tune
under the leadership of the
USA.
2. A new agreement/pact
should be introduced in
place of present Nuclear
Non Proliferation Treaty
(NPT).
3. Call for a global effort to
secure all nuclear weapons
at all vulnerable sites all
over the world.

(A) Only 1
(B) Only2
(C) Only 1 and 3
(D) Only 2 and 3
(E) All 1, 2 and 3

Answer.E

23. ’Indira Gandhi Canal’ which is
around 450 km long provide
irrigation facility mainly to which
of the following states ?

(A) Punjab
(B) Haryana
(C) Madhya Pradesh
(D) Gujarat
(E) Rajasthan

Answer.E

24. Former caption of the Indian
Cricket team, Ajit Wadekar is
conferred which of the following
awards for the year 2010 ?

(A) Bharat Rama
(B) Khel Shri Award
(C) Dronacharya Award
(D) Rajiv Gandhi Khel Ratna
Award
(E) None of these

Answer.E

25. Who amongst the following is
the director of the popular Hindi
film “Oye Lucky ! Lucky Oye” ?

(B) David Dhavan
(C) Dibankar Banerjee
(D) R. Balakrishnan
(E) None of these

Answer.C

26. India recently signed an agreement to import Liquefied Natural
Gas (LNG) from a country which
is the largest LNG producer and
supplier of the world. Which is
that country

(A) Kuwait (B) Qatar.
(C) Iran (D) Saudi Arabia
(E) None of these A

Answer.B

27. As a measure to help countries
hit by global financial meltdown
the RBI has purchased notes
worth US $ 10 billion in terms of
Special Drawing Rights from a
World Organization/ agency.
Which is this agency/ organization ?

(A) Federal Reserve of U.S.A.
(B) Asian Development Bank
(C) World Bank
(D) International Monetary Fund
(E) None of these

Answer.D

28. Which of the following is not a I
public sector undertaking under
the Ministry of Defence, Govt. of
India ?

(A) Mazagaon Dock Ltd.
(B) Garden Reach Shipbuilders
and Engineers Ltd.
(C) Bharat Heavy Electricals Ltd.
(D) Hindustan Aeronautics Ltd.
(E) Bharat Earth Movers Ltd.

Answer.C

29. Which of the following states
won the senior National
Women’s Football Tournament
2010 ?

(A) Manipur
(B) Assam
(C) Tamil Nadu
(D) Kerala
(E) Delhi

Answer.A

30. Which of the following is not a
missile developed by the Defence
Research and Development
Organisation (DRDO) ?

(A) Shaurya (B) Pinaka
(C) Brahmos (D) Agni
(E) Nag

Answer.A

31. Which of the following declarations / treaties was adopted by
the BRIC countries recently to
promote Global Food Security ?

(A) Moscow Declaration
(B) Doha Treaty
(C) Delhi Declaration
(D) Kabul Treaty
(E) None of these

Answer.A

32. Which of the following statements represent(s) the main
objective(s) of the revised
National Health Policy—2002 of
the Govt. of India ?

1. Increase Public expenditure
from 0•9 per cent to 2 per
cent of the GDP.
2. Setting up of Medical Grants
Commission for funding
new Govt. Medical & Dental
colleges.
3. Mandatory two years rural
posting before awarding the
degree to Medical Graduates.

(A) Only 1
(B) Only 2
(C) Only3
(D) Only 1 and 3
(E) All 1, 2 and 3

Answer.E

33. Which of the following metals is
used for generation of nuclear
Energy by most of the Nuclear
Power Plants ?

(A) Zinc (B) Platinum
(C) Uranium (D) Nickel
(E) None of these

Answer.C

34, Indus Water Treaty is a pact on
sharing of river water between
India and-

(A) Bangladesh
(B) Pakistan
(C) Nepal
(D) Afghanistan
(E) Myanmar

Answer.B

35. The Union Cabinet recently
cleared Prohibition of unfair
Practices in Technical Medical
Educational Institutes and
Universities Bill 2010. As per the
bill which of the following will
now be treated as a cognizable
offence 7

(A) Accepting capitation fee
from the students
(B) Running a private college
(C) Not allowing students to
change their course in between
(D) Running a college without
proper facilities
(E) None of these

Answer.A

36. Which of the following is/are
considered a Renewable Source
of Energy ?

1. Wind Energy
2. Solar Energy
3. Nuclear Energy

(A) Only 1
(B) Only2
(C) Only3
(D) Only 1 and 2
(E) All 1, 2 and 3

Answer.D

37. Which of the following countries
is not amongst the top ten in
industrial production in the
world during 2010 ?

(A) India (B) Iran
(C) China (D) France
(E) U.S.A.

Answer.B

38. Commonwealth Games 2010 are
being organized in which of the
following countries

(A) Australia
(B) South Africa
(C) Canada
(D) New Zealand
(E) India

Answer.E

39. Which of the following is not a
banking related term ?

(A) Radiation
(B) Outstanding amount
(C) Benchmark Prime Lending
Rate
(D) Explicit Guarantee
(E) Creditor

Answer.A

40. Insurance service provided by
various banks is commonly
known as

(A) Investment Banking
(B) Portfolio Management A 4
(C) Merchant Banking
(D) Bancassurance
(E) Micro Finance

Answer.D

41. Who amongst the following has
recently taken over as the
Chairman of the 19th Law
Commission ?

(A) Mr. A. R. Lakshmanan
(B) Mr. P. V. Reddy
(C) Mr. Yashwant Sinha
(D) Mr. Ranjan Bharti Mittal
(E) None of these

Answer.B

42. Moortidevi Award is given for
excellence in the field of

(A) Classical dance
(B) Literature
(C) Classical music
(D) Cinematography
(E) Social service

Answer.B

43. Which of the following terms is
used in the game of Cricket ‘?

(A) Love
(B) Tee
(C) Penalty stroke
(D) No Ball
(E) None of these

Answer.D

44. Which of the following awards is
given by an agency of the United
Nations Organization ?

(A) Normon Borloug Award
(B) Kalinga Prize
(C) Ramonv Magsaysay Award
(D) Pulitzer Prize
(E) None of these

Answer.B

45. Which of the following countries
won the Hockey World Cup
2010 ?

(A) Spain (B) England
(C) India (D) Australia
(E) None of these

Answer.D

46. Who amongst me following is
the author of the English novel
’solo’, which was given Common
Wealth Writers’ Prize 2010 7

(A) Aainer Hussain
(B) Jonathan Tel
(C) Rana Dasgupta
(D) lohn Torrence Tate
(E) None of these

Answer.C

47. Mr. Surjit Patar who was awarded Saraswati Samman recently
is a well known poet of-

(A) Hindi (B) English
(C) Punjabi (D) Urdu
(E) Bengali

Answer.C

48. Which of the following is the
book written by Kiran Desai ?

(A) Higher than Everest
(B) A Passage to England
(C) Affluent Society
(D) All my Yester Years
(E) The Inheritance of Loss

Answer.E

49. Which of the following
Trophies/ cups is associated with
the game of Hockey ?

(A) Durand Cup ‘
(B) Santosh Trophy
(C) Rangaswarru Cup
(D) Ranji Trophy
(E) K. D. Singh Babu Trophy

Answer.C

50. Sandra Bullock who was awarded Oscar recently is a famous-

(A) Actress
(B) Director
(C) Music Composer
(D) Screen play writer
(E) None of these

Answer.A

No comments:

Post a Comment