Current Affairs - XI

1) From which year does the 11th five year plan start?
a) 2006 b) 2007 c)2008 d) 2009 e) 2010

2) The new chairman of State Bank of India (SBI)?
a) Pratip Chaudhuri b) Chanda Kochhar c) U.K.Sinha d) D.Subbarao e) Shikha Sharma

3) Which of the following pairing is not correct?
a) Vyas Samman - Literature.
b) Abel Prize - Economics.
c) Grammy Award - Music.
d) Pritzker Prize - Architecture.
e) Dadasaheb Phalke Award - Films.

4) Which of the following pairing is wrong?
a) Reserve Bank Of India(RBI) Act: 1934
b) Banking Regulations Act: 1949
c) Insurance Regulatory and Development Authority (IRDA) Act: 1999
d) Fiscal Responsibility and Budget Management (FRBM) Act : 2003
e) State Bank of India (Subsidiary Banks) Act: 1969

5) Which of the following is a biennial international literary award given to living author of any nationality for fiction published in English or generally available in English translation?
a) Orange Prize b) Pulitzer Prize c) Man Booker Prize d) Man Booker International Prize
e) Nobel Prize

6) Which one of the following is not an Indian company?
a) Essar Group b) Suzlon Energy c) L&T d) Arcelor Mittal e) DLF

7) Which one of the following is an USA company?
a) Research In Motion b) Samsung c) Nokia d) Sony Ericsson e) Motorola

8) 2011 ICC Cricket World Cup was not played in…….
a) Pakistan b) Bangladesh c) India d) Sri Lanka e) None of these

9) Who was declared the man of the tournament in 2011 ICC Cricket World Cup?
a) Mahendra Singh Dhoni b) Tillakaratne Dilshan c) Zaheer Khan d) Shahid Afridi e) Yuvraj Singh

10) 2011 ICC Cricket World Cup was won by……….
a) India b) Pakistan c) Sri Lanka d) Australia e) None of these

11) 2011 ICC Cricket World Cup final played at………….
a) M.Chinnaswamy Stadium b) M.A. Chidambaram Stadium c) Eden Gardens d) Feroz Shah Kotla
e) Wankhede Stadium

12) The official mascot for the 2011 Cricket World Cup?
a) Shera b) Zakumi c) Stumpy d) Panda e) None of these

13) Who was the man of match in 2011 Cricket World Cup final?
a) Sachin Tendulkar b) Yuvraj Singh c) Mahendra Singh Dhoni d) Tillakaratne Dilshan e) None of these

14) Who started a 'fast unto death' to exert pressure on the Government of India to enact a strong anti-corruption act as envisaged in the Jan Lokpal Bill, a law that will establish a Lokpal (ombudsman) that will have the power to deal with corruption in public offices?
a) Baba Amte b) Kiran Bedi c) Medha Patkar d) Dalai Lama e) Anna Hazare

15) Who is Chirayu Amin?
a) BCCI President b) ICC President c) IPL Chairman d) ICC Chief Executive e) IOA President

16) Who has been appointed as the first woman secretary general of SAARC?
a) Fathimath Dhiyana Saeed b) Sheikh Hasina Wazed c) Khaleda Zia d) Chandrika Kumaratunga
e) None of these

17) Consider the following statements:
A. National Bank for Agriculture and Rural Development (NABARD) is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.
B. NABARD was established on the recommendations of Shivaraman Committee, by an act of Parliament on 12th July 1982.
C. Rakesh Singh is the chairman of NABARD.
D. At Present the RBI holds one per cent of shareholding in NABARD and the Government of India 99%. Which of the statements given above is/are correct?
a) Only A b) Only B c) Only C d) Only D e) All

18) Who is the author of the book "Great Soul: Mahatma Gandhi and His Struggle With India."?
a) Joseph Lelyveld b) Dominique Lapierre c) V.S.Naipaul d) Stephen Hawking e) J.K.Rowling

19) 34th National Games 2011 was held in…
a) Ranchi b) Raipur c) Dehradun d) Thiruvananthapuram
e) None of these

20) Which of the following team has won the first place in the medal tally of 34th National Games with 70 gold medals, 50 silver medals and 42 bronze medals?
a) Services b) Manipur c) Haryana d) Maharashtra e) Jharkhand

21) Who is the author of the book "Banker to the Poor"
a) Muhammad Yunus b) A.P.J.Abdul Kalam c)Norman Borlaug d) M. S. Swaminathan
e) Aung San Suu Kyi

22) Which of the following country has emerged as the largest arms importer in the world , overtaking china, as per report by a Swedish think-tank, the Stockholm International Peace Research Institute (SIPRI).?
a) USA b) India c) Japan d) Brazil e) Russia

23) KPMG is an MNC firm and one of the Big Four auditors, along with Deloitte, Ernst & Young (EY) and PwC, is belongs to……….
a) Netherlands b) USA c) United Kingdom d) Germany e) None of these

24) Yen is currency of which country?
a) China b) Myanmar c) South Korea d) North Korea e) Japan

25) Sri Jayawardenapura Kotte is the administrative capital of which country?
a) Maldives b) Bhutan c) Nepal d) Malaysia e) Sri Lanka

26) Yousaf Gillani is the Prime Minister of which country?
a) Afghanistan b) Bangladesh c) Pakistan d) Indonesia e) Thailand

27) Hugo Chavez is the President of which country?
a) Argentina b) Brazil c) Cuba d) Bolivia e) Venezuela

28) Baseball is the national game of which country?
a) USA b) Canada c) Brazil d) China e) Pakistan

29) National People's Congress is the parliament of which country?
a)USA b) Japan c) China d) Iran e) UK

30) Federal Reserve is the central banking system of which country?
a) Japan b) Australia c) China d)UK e) USA

ANSWERS

 
1) b,

2) a,

3) b,

4) e

5) d,

6) d,

7) e,

8) a,

9) e

10) a, 

11) e, 

12) c, 

13) c, 

14) e, 

15) c, 

16) a, 

17) e,

18) a,

19) a,

20) a,

21) a,

22) b, 

23) a, 

24) e, 

25) e, 

26) c, 

27) e, 

28) a, 

29) c, 

30) e

Current Affairs - X

1) Corporation tax: (c)
a. is a direct tax and it is levied by the State Governments.
b. is a indirect tax and it is levied by the State Governments.
c. is a direct tax and it is levied by the Union Government.
d. is a indirect tax and it is levied by the Union Government.
e. is a indirect tax and it is levied by both the Union Government and State Governments.
2) Which of the following constitute the World Bank Group? (d)
A. International Bank for Recon-struction and Development (IBRD)
B.International Development Asso-ciation(IDA)
C. International Finance Corpora-tion(IFC)
D. International Centre for Settle-ment of Investment Disputes-(ICSID)
E. International Monetary Fund-(IMF)
a. A, C and E
b. C, D and E
c. D, E and A
d. A, B, C and D
e. A, B, C, D and E
3) The cause of Inflation is:
a. decrease in money supply and rise in production (b)
b. increase in money supply and fall in production
c. decrease in money supply
d. rise in production
e. None of these
4) Which of the following is an award presented by the government of India for excellence in sports coaching? (c)
a) Rajiv Gandhi Khel Ratna Award b) Arjuna Award
c) Dronacharya Award
d) Dhyan Chand Award
e) Dadasaheb Phalke Award
5) Which of the following countries co-hosting the world cup cricket 2011? (c)
a) India, Pakistan, Sri Lanka and Bangladesh
b) Pakistan, India and Bangladesh
c) India, Sri Lanka and Bangladesh
d) India, Sri Lanka and Pakistan
e) India and Pakistan
6) In which country is Dubai Located? (b)
a) Saudi Arabia
b) United Arab Emirates
c) Iran
d) Iraq
e) Oman
7) Wall Street, which is associated with stock market, is located in? (e)
a) London
b) Tokyo
c) Berlin
d) Mumbai
e) None of these
8) Which of the following is a public sector undertaking?
a) Wipro (d)
b) Reliance
c) Hindalco
d) HAL
e) HCL Technologies
9) Currently, how many countries are members of the European Union (EU)?
a) 25 (c) b) 26
c) 27
d) 28
e) 29
10) Arcelor Mittal, the largest steel producing company in the world, based in? (b)
a) London
b)Luxembourg
c) Rome
d) Mumbai
e) New York
11) Peso is currency of which country? (e)
a) Japan
b) Brazil
c) China
d) South Korea
e) Argentina
12) Which country is the largest producer of Tea? (e)
a) Sri Lanka
b) USA
c) Brazil
d) Cuba
e) India
13) "Nestle" is an MNC, deals in? (c)
a) Auto
b) Textile
c) Food processing
d) Soft Drinks
e) Pharmaceutical
14) Who declares the "Credit Policy" of India? (b)
a) Ministry of Finance
b) Reserve Bank of India
c) Planning Commission
d) Finance Commission
e) National Development Council
15) What is current rate of SLR by RBI? (b)
a) 20%
b) 24%
c) 25%
d) 26%
e) None of these
16) Gaganjeet Bhullar is associated with? (e)
a) Cricket
b) Chess
c) Football
d) Badminton
e) Golf
17) Which team won their maiden Ranji Trophy title for the first time in 77 years?
a) Baroda (b)
b) Rajasthan
c) Karnataka
d) Kerala
e) Punjab
18) Vijay Merchant Trophy is associated with? (a)
a) Cricket
b) Golf
c) Football
d) Hockey
e) None of these
19) Novak Djokovic, the winner of Australian Open 2011 Men's Singles, belongs to?
a) USA (e)
b) Germany
c) UK
d) France
e) Serbia
20) Kim Clijsters, the winner of Australian Open 2011 Women's Singles, belongs to? (d)
a) France
b) Germany
c) USA
d) Belgium
e) None of these
21) Pohang Steel Company (POSCO) is belongs to?
a) China (e)
b) Japan
c) Germany
d) USA
e) South Korea
22) The re-elected President of Tanzania? (a)
a) Jakaya Kikwete
b) Robert Mugabe
c) Morgan Tsvangirai
d) Jacob Zuma
e) Kgalema Motlanthe
23) "Makers of Modern India" is a book written by? (b)
a) Arvind Adiga
b) Ramchandra Guha
c) Vikram Seth
d) Chetan Bhagat
e) None of these
24) One-rupee currency notes bear the signature of? (d)
a) Finance Minister of India
b) Governor of RBI
c) President of India
d) Finance Secretary of India
e) Prime Minister of India
25) What is the animal on the insignia of the RBI? (e)
a) Lion
b) Tiger
c) Elephant
d) Cow
e) Panther
26) Which of the following is the Bankers Bank in India? (c)
a) SBI
b) Ministry of Finance
c) RBI
d) IDBI
e) ICICI Bank
27) National Bank for Agriculture and Rural Development (NABARD) was set-up in? (d)
a) 1935
b) 1955
c) 1964
d) 1982
e) 1994
28) Which of the following is the premier export finance institution of the country, set up in 1982? (e)
a) IDBI Bank
b) HDFC Bank
c) ICICI Bank
d) AXIS Bank
e) Exim Bank
29) Excise duties are taxes on?
a) Import of commodities (d)
b) Export of commodities
c) Sale of commodities
d)Production of commo dities
e) None of these
30) Which of the following is not a direct tax? (c)
a) Corporation tax
b) Income tax
c) Sales tax
d) Wealth tax
e) Gift tax
31) Which of the following is an international prize presented annually by the King of Norway to one or more outstanding mathe-maticians? (e)
a) Nobel Prize
b) Templeton Prize
c) Pritzker Prize
d) Ramon Magsaysay Award
e) Abel Prize
32) The winner of Abel Prize for 2011? (a)
a) John Willard Milnor
b) Robert G. Edwards
c) Mario Vargas Llosa
d) Liu Xiaobo
e) None of these
33) Which of the following is a direct tax? (e)
a) Excise Duty
b) Sales Tax
c) Custom Duty
d) Service Tax
e) Income Tax
34) Dalal Street is at? (e)
a) New Delhi
b) New York
c) Shanghai
d) London
e) Mumbai
35) The Headquarters of IMF is in? (e)
a) New York
b) Geneva
c) Manila
d) Brussels
e) Washington DC,.
36) Which one of the following pairs is not correctly matched? (e)
a) West Bengal: Buddhadeb Bhattacharjee
b)Kerala: V.S. Achuthanandan
c)Tamil Nadu: M. Karunanidhi
d) Assam: Tarun Kumar Gogoi
e) Puducherry: Ramesh Pokhriyal
37) The Finance Commission is appointed every _____ years or earlier? (a)
a) 5
b) 7
c) 8
d) 9
e) 10
38) IRDA stands for ? (c)
a)Indian Rural Develo pment Authority
b) Inter Rural Development Association
c) Insurance Regulatory and Development Authority
d)Integrated Rural Development Authority
e) None of these
39) Which among the following is Oldest? (a)
a) IDBI
b) EXIM BANK
c) NABARD
d) NHB
e) SIDBI
40) Which among the following is Oldest? (a)
a) RBI
b) SEBI
c) TRAI
d) IRDA
e) None of these
41) From which date Banks had implemented the base rate system? (a)
a) July 1, 2010
b) August 1, 2010
c) September 1, 2010
d) October 1, 2010
e) January 1, 2011
42) Which scheme was launched for the Development of rural India through irrigation, Water supply, Housing, Road, Telephone and electricity?
a) NREGS (d) b) JNNURM
c) Rajiv Awas Yojna
d) Bharat Nirman
e) None of these
43) Which of the following prize is often been described as the "Mathematician's Nobel prize"? (e)
a) Man Booker Prize
b) Pulitzer Prize
c) Grammy Award
d) Oscar Award
e) Abel Prize
44) Which of the following is an indirect tax? (e)
a) Income Tax
b) Corporate Tax
c) Gift Tax
d) Wealth Tax
e) Service Tax
45) Wall Street is at? (c)
a) Mumbai
b) Singapore
c) New York
d) Beijing
e) Tokyo
46) The headquarters of World Bank is in? (d)
a) Geneva
b) Tokyo
c) Vienna
d) Washington DC
e) None of these
47) What is the number of member countries of UNO?
a) 27 (d)
b) 28
c) 153
d) 192
e) 187
48) Which of the following is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks? (c)
a) IBRD
b) IMF
c) BIS
d) Federal Reserve
e) ADB
49) Who is Indra Nooyi? (c)
a) CEO of Arcelor Mittal
b) CEO of Coca Cola
c) CEO of Pepsico
d) Chairman of RIL
e) Chairman of Reliance Group
50) The new deputy governor of RBI? (b)
a) U.K.Sinha
b) Anand Sinha
c) C.Rangarajan
d) Vijay Kelkar
e) None of these
51) The Final match of Cricket World Cup 2011 was played in? (c)
a) Chennai
b) New Delhi
c) Mumbai
d) Kolkata
e) None of these
52) S.P.Sethuraman is asso ciated with? (b)
a) Cricket
b) Chess
c) Badminton
d) Football
e) None of these
53) The Laureus World Sportsman of the year for 2011 is ? (b)
a) Roger Federer
b) Rafael Nadal
c) Kim Clijsters
d) Sachin Tendulkar
e) None of these
54) Consider the following? (e)
A. International Cricket Council (ICC) is the international governing body of cricket.
B. Federation Internationale de Football Association (FIFA) is responsible for the organisation and governance of football's major international tournaments, most notably the FIFA World Cup.
C. International Olympic Comm-ittee (IOC) organizes the modern Olympic Games held in Summer and Winter, every four years.
D. International Hockey Federation (FIH), the global governing body for the sport of field hockey.
E. Federation Internationale des Echecs (FIDE) or World Chess Federation is an international organization that connects the various national chess federa-tions around the world and acts as the governing body of international chess competition.
Which of the above statement(s) is/are correct?
a) A & B only
b) B & C only
c) C & D only
d) D & E only
e) All of the above
55) What is the current rate of Repo Rate? (c)
a) 6 %
b) 6.5 %
c) 6.75 %
d) 7 %
e) None of these
56) The Shivraj Patil Committee is on? (a)
a) 2G Spectrum allocations b) Demolition of the Babri Masjid
c)Commonwealth Games irregula-rities
d) Gujarat Riots
e) None of these
57) The Indian Railways has inaug-urated Indian first Green Railway Station at?
a) Manwal (a)
b) Udipi
c) Mangalore
d) Baroda
e) None of these
58) Krishna Water Dispute Tribunal headed by? (b)
a) justice B.N.SriKrishna
b) Justice Brijesh Kumar
c) Justice KG Balakrishnan
d) Justice S.H. Kapadia
e) Justice P.V.Reddy
59) Al Jazeera TV channel headquartered in? (b)
a) Tehran
b) Doha
c) Riyadh
d) Dubai
e) None of these
60) Who is the chairperson of National Green Tribunal, a special court environment issues? (a)
a) Lokeshwar Singh Patna b) U.K.Sinha
c) J.Hari Narayan
d) J.S.Sarma
e) D.Subbarao
61) Bad loans in banking terminology are generally known as? (c)
a) CBS
b) PLR
c) NPAs
d) CRR
e) SLR
62) XX Commonwealth Games 2014 will be held in? (d)
a) Manchester
b) Melbourne
c) New Delhi
d) Glasgow
e) None of these
63) Asian Games-2014 will be held in? (b)
a) Guangzho
b) Incheon
c) New Delhi
d) Jakarta
e) None of these
64) Who is sworn in as Brazil's first woman president on January 1, 2011? (a)
a) Dilma Rousseff
b) Angel Merkel
c) Ellen Johnson Sirleaf
d) Kamla Persad-Bissessar e) Julia Gillard
65) The Prime Minister of Nepal? (b)
a) Ram Baran Yadav
b) Jhala Nath Khanal
c) Pushpa Kamal Dahal
d) Aung San Suu Kyi
e) Susilo Bambang Yudho yono
66) G-8 summit 2011 will be held in? (b)
a) Canada
b) France
c) Japan
d) Germany
e) India
67) United Nations declared the year 2011 as? (b)
a) International Year of Potato
b) International Year of Chemistry
c) International Year of Fresh Water
d) International Year of Astronomy
e) International Year of Mountains
68) The new chairman of Central Board of Direct Taxes (CBDT)? (a)
a) Sudhir Chandra
b) S.S.Menon
c) U.K.Sinha
d) K.V.Kamat
e) None of these
69) Which district of Kerala became the second totally electrified district in India?
a) Palakkad (b)
b) Thrissur
c)Thiruvananthapuram
d) Kottayam
e) Kozhikode
70) Who is the United States's special envoy to Afghanistan and Pakistan?
a) Richard Holbrooke (b)
b) Marc Grossman
c) Barack Obama
d) Joe Biden
e) Hillary Rodham Clinton
71) "Standing My Ground" is the auto biography of ? (b)
a) Kapil Dev
b) Mathew Hayden
c) Steve Waugh
d) Andre Agassi
e) None of these
72) The chairman of National Commission for Minorities (NCM)? (a)
a) Wajahat Habibullah
b) K G Balakrishnan
c) Girija Vyas
d) Vijay Kelkar
e) Veerappa Moily
73) Who is U.K.Sinha? (a)
a) Chairman of SEBI
b) Chairman of IRDA
c) Chairman of TRAI
d) Chairman of PFRDA
e) Chairman of SBI
74) Who are leading the "Giving Pledge" campaign that urges rich people to pledge at least half of their wealth to charity? (a)
a) Bill Gates and Warren Buffet
b) Sergey M. Brin and Lawrence E. Page
c) Mark Zuckerberg and Jack Dorsey
d) Lakshmi Mittal and Sunil Mittal
e) Mukesh Ambani and Anil Ambani
75) Which of the following pairing is wrong? (e)
a) Novak Djokoveic - Serbia b) Andy Murray - Britain
c) Kim Clijsters - Belgium
d) Daniel Nestor - Canada e) Bob Bryan - France
76) Essam Sharaf has been appointed as Prime Minister of which among the following countries? (b)
a) Afghanistan
b) Egypt
c) Maldives
d) Mauritius
e) None of these
77) Which of the following serves as an apex financing agency for the institutions providing investm-ent and production credit for promoting various develop mental activities in rural areas? (d)
a) SIDBI
b) IDBI
c) NHB
d) NABARD
e) EXIM Bank
78) Which of the following is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India?
a) EXIM Bank (e)
b) IFCI
c) HDFC
d) UTI
e) SIDBI
79) Economic Survey 2010-11 was presented by……… in Parliament on February 25, 2011? (c)
a) RBI Governor D.Subbarao
b) Prime Minister of India Manmohan Singh
c) Finance Minister Pranab Mukherjee
d)Railway Minister Mamata Banerjee
e) Loksabha Speaker Meira Kumar
80) The State Bank of India (Amendment) Bill-2010, which was passed in the parliament in the later 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? (b)
a) 59, 51
b) 55, 51
c) 51, 50
d) 50, 49
e) None of these
81) India's highest award for lifetime achievement in sports and games? (c)
a) Rajiv Gandhi Khel Ratna Award
b) Arjuna Award
c) Dhyan Chand Award
d) Dronacharya Award
e) Dadasaheb Phalke Award
82) The second highest civilian award in the country? (b)
a)Bharat Ratna b)Padma Vibhushan
c) Rajiv Gandhi Khel Ratna Award
d) Dadasaheb Phalke Award e) Param Vir Chakra
83) "Andhra Bank" was founded in? (a)
a) 1923
b) 1935
c)1955
d) 1964
e) 1994
84) The deputy chairman of Planning Commission? (a)
a) Montek Singh Ahluwalia b)Manmohan Singh
c) C.Rangarajan
d) D.Subbarao
e) S.S.Menon
85) What is Tejas? (e)
a) Anti-tank missile
b) Intercontinental range ballistic missile
c) Main battle tank
d) Supersonic cruise missile
e) Light Combat Aircraft

Indian Economy - II

41. Recently, Ministry of Human Resource Development developed a new index termed as ‘Educational Development Index’ (EDI) related to primary and upper primary education.
The state at the top of this index is—
(A) Delhi
(B) Kerala
(C) Tamil Nadu
(D) Andhra Pradesh
Ans : (B)

42. India’s mobile market has been ranked at the……largest market of the world.
(A) Second
(B) Third
(C) Fourth
(D) Fifth
Ans : (B)

43. In 2010-11, contribution of service sector in country’s GDP is estimated at about—
(A) 48•6%
(B) 50•6%
(C) 57•3%
(D) 52•6%
Ans : (C)


44. Hutch-Essar has recently been acquired by—
(A) Bharti Airtel
(B) Vodafone
(C) Reliance
(D) Tata Mobile
Ans : (B)

45. In 2010-11 budget, the allocation for National Ganga River Basin Authority has been—
(A) Rs. 100 crore
(B) Rs. 200 crore
(C) Rs. 400 crore
(D) Rs. 500 crore
Ans : (D)

46. The tax-GDP ratio in 2010-11 is estimated at—
(A) 10•12%
(B) 10•38%
(C) 12•3%
(D) 11•98%
Ans : (B)

47. In 2011-12, the maximum limit of custom duty is proposed as—
(A) 11%
(B) 10%
(C) 9%
(D) 8%
Ans : (B)

48. In Human Development Report 2010, India has HDI ranking at—
(A) 126th
(B) 119th
(C) 127th
(D) 129th
Ans : (B)

49. As per the latest available data, in September 2010, India’s total external debt stood at—
(A) $ 122•610 billion
(B) $ 192•610 billion
(C) $ 295•8 billion
(D) $ 233•610 billion
Ans : (C)

50. In New Direct Tax Code for senior citizens, income tax exemption slab has been raised to—
(A) Rs. 2•00 lakh
(B) Rs. 2•00 lakh
(C) Rs. 2•50 lakh
(D) Rs. 3•00 lakh
Ans : (C)

51. Now the latest CRR as declared by RBI w.e.f. April 24, 2010 is—
(A) 6•0%
(B) 5•5%
(C) 5•75%
(D) 6•5%
Ans : (A)

52. As per revised estimates for 2010-11 released by CSO, the growth rate for Indian economy has been estimated to be—
(A) 9•5%
(B) 8•6%
(C) 9•8%
(D) 6•7%
Ans : (B)

53. US-based “Novelis” has recently been acquired by—
(A) Tata Group
(B) Birla Group
(C) Reliance Group
(D) Jointly by Tata and Birla Group
Ans : (B)

54. When was RBI nationalised ?
(A) 1st April, 1935
(B) 1st January, 1949
(C) 1st January, 1935
(D) 1st July, 1969
Ans : (B)

55. According to the latest data published in World Trade Statistics of WTO. India’s share in world trade of goods and services in 2006 was—
(A) 1•0%
(B) 1•1%
(C) 1•2%
(D) 1•5%
Ans : (C)

56. As per quick estimates for the year 2010-11, Indian economy’s GDP at factor cost (at current prices) stood at—
(A) Rs. 3790063 crore
(B) Rs. 4713000 crore
(C) Rs. 4879232 crore
(D) Rs. 6426277 crore
Ans : (C)

57. What is the theme of World Development Report 2010 ?
(A) Poverty and Next Generation
(B) The Real Wealth of Nations : Path Ways to Human Development
(C) Incidence of Rural Poverty
(D) Development and the Next Generation
Ans : (B)

58. How many banks are there in public sector at present ?
(A) 28
(B) 27
(C) 19
(D) 20
Ans : (B)

59. What is the national minimum wage rate fixed under minimum wage legislation on November 2009 ?
(A) Rs. 56
(B) Rs. 60
(C) Rs. 100
(D) Rs. 76
Ans : (C)

60. For attaining 9% growth rate during 11th plan, investment level has been estimated to be—
(A) 31•4% of GDP
(B) 34•8% of GDP
(C) 38•7% of GDP
(D) 36•7% of GDP
Ans : (D)
61. Indian Rupee has got its symbol as This symbol has been designed by—
(A) D. Kumar Raju
(B) Udai D. Raj
(C) D. Udai Kumar
(D) D. Udai Reddy
Ans : (C)

62. Primary gold is a gold of—
(A) 20 carat
(B) 22 carat
(C) 23 carat
(D) 24 carat
Ans : (D)

63. First share market in India was established in—
(A) Delhi
(B) Kolkata
(C) Chennai
(D) Mumbai
Ans : (D)


64. ‘Aam Admi Bima Yojana’ is an insurance scheme for rural landless households executed by the nodal agency—
(A) National Insurance Co.
(B) State Government
(C) LIC
(D) Central Government
Ans : (B)

65. Revenue Deficit as a per cent of GDP in Budget 2011-12 has been estimated at—
(A) 4•2%
(B) 6•8%
(C) 6•0%
(D) 4•6%
Ans : (D)

66. GST would be introduced from—
(A) January 1, 2012
(B) August 1, 2011
(C) April 1, 2012
(D) August 15, 2011
Ans : (C)

67. The rate of Minimum Alternate Tax (MAT) proposed in the budget 2011-12 is—
(A) 15%
(B) 18•5%
(C) 20%
(D) 22%
Ans : (B)

68. Which of the following is not a financial regulator ?
(A) IRDA
(B) AMFI
(C) PFRDA
(D) SEBI
Ans : (B)

69. Inflation in India is measured on which of the following indexes/indicators ?
(A) Cost of Living Index
(B) Consumer Price Index
(C) Wholesale Price Index
(D) Gross Domestic Product
Ans : (C)

70. As per 13th Finance Commission Recommendations during 2010-15, transfers to the states from the central tax pool are expected to be—
(A) Rs. 44000 crore
(B) Rs. 164832 crore
(C) Rs. 318581 crore
(D) Rs. 107552 crore
Ans : (C)

71. From which of the following taxes, the Central Government will get the maximum revenue in 2011-12 ?
(A) Custom Duties
(B) Income Tax
(C) Excise Duties
(D) Corporation Tax
Ans : (D)

72. How many economists shared Nobel Prize in Economics for the year 2010 ?
(A) 01
(B) 02
(C) 03
(D) 04
Ans : (C)

73. The target for exports in 2013-14 has been fixed at—
(A) $ 300 billion
(B) $ 275 billion
(C) $ 250 billion
(D) $ 450 billion
Ans : (D)

74. Global Hunger Index released by IFPRI in October 2010 places India at—
(A) 58th rank
(B) 64th rank
(C) 67th rank
(D) 74th rank
Ans : (C)

75. When was the first EPZ set-up in Kandla ?
(A) 1965
(B) 1970
(C) 1975
(D) 1995
Ans : (A)

76. For rural development allocation Union Budget 2011-12 is—
(A) Rs. 16,000 crore
(B) Rs. 46,000 crore
(C) Rs. 56,000 crore
(D) Rs. 87,800 crore
Ans : (D)

77. What is true for the service tax in Union Budget 2011-12 ?
(A) It is raised from 10 to 12%
(B) It is left unchanged at 11%
(C) It is left unchanged at 10%
(D) It is reduced from 14% to 12%
Ans : (C)

78. Which part of Indian rupee has been allotted in public expenditure for repaying interest on loans in 2011-12 budget proposals ?
(A) 18 Paise
(B) 21 Paise
(C) 22 Paise
(D) 23 Paise
Ans : (A)

79. In Forbes-2000 list of the year 2010 how many Indian companies got the place ?
(A) 16
(B) 56
(C) 37
(D) 27
Ans : (B)

80. As per the latest data available (for the year 2009). Infant Mortality Rate (per thousand live births) in India is—
(A) 72
(B) 68
(C) 60
(D) 50
Ans : (D)

Indian Economy

Indian Economy

1. The number of products reserved for small scale industry till October 2008 is—
(A) 35
(B) 21
(C) 81
(D) 106
Ans : (B)

2. From 2nd November, 2010, the Repo Rate has been fixed at—
(A) 3•5%
(B) 5•5%
(C) 4•5%
(D) 6•25%
Ans : (D)

3. The target company of making ‘Cell phone’ in the world is—
(A) Samsung
(B) Panasonic
(C) Nokia
(D) Motorola
Ans : (C)


4. For 2010-11, the CSO has predicted India’s GDP growth at—
(A) below 7%
(B) 8•6%
(C) 8•5%
(D) 9•5%
Ans : (B)

5. Which Indian city has the highest population?
(A) Kolkata
(B) New Delhi
(C) Chennai
(D) Mumbai
Ans : (D)

6. National Sample Survey Organisation (NSSO) was established in—
(A) 1950
(B) 1951
(C) 1952
(D) 1947
Ans : (A)

7. Which of the following Indian company has been listed at the top in Forbes-2000 list ?
(A) RIL
(B) ONGC
(C) IOL
(D) NTPC
Ans : (A)

8. Which state stands first in the length of roads in the country ?
(A) U. P.
(B) M. P.
(C) Maharashtra
(D) Rajasthan
Ans : (C)

9. On November 2, 2010 the Reserve Bank of India has fixed Reverse Repo Rate at—
(A) 6•25%
(B) 4•25%
(C) 5•0%
(D) 5•25%
Ans : (D)

10. Total receipts from service tax during 2011-12 has been estimated at—
(A) Rs. 58000 crore
(B) Rs. 82000 crore
(C) Rs. 78000 crore
(D) Rs. 88000 crore
Ans : (B)

11. From November 7, 2009, the SLR has been fixed at—
(A) 24%
(B) 26%
(C) 25•5%
(D) 25%
Ans : (D)

12. What minimum support price (per quintal) for the rabi 2010-11. Wheat to be marketed during 2011-12 marketing season has been fixed by the Government ?
(A) Rs. 1080
(B) Rs. 1100
(C) Rs. 1120
(D) Rs. 1180
Ans : (C)

13. On 14 January, 2011 the amount of foreign exchange reserves with RBI was—
(A) $ 183 billion
(B) $ 213 billion
(C) $ 233 billion
(D) $ 268 billion
Ans : (D)

14. Three nationalised public sector banks have joined hands with India Infrastructure Finance Co. Ltd. (IIFCL) for funding large infrastructure funds. The bank not including in this race is—
(A) Canara Bank
(B) Punjab National Bank
(C) Syndicate Bank
(D) Vijaya Bank
Ans : (B)

15. When was Focus Market Scheme introduced ?
(A) 2003-04
(B) 2004-05
(C) 2005-06
(D) 2006-07
Ans : (D)

16. The government has purchased the Reserve Bank of India’s ……… per cent stake in the country’s largest bank, the State Bank of India.
(A) 56•73
(B) 59•73
(C) 61•27
(D) 69•73
Ans : (B)

17. CENVAT is associated with—
(A) Direct Tax
(B) Income Tax
(C) Indirect Tax
(D) Service Tax
Ans : (C)

18. Which of the following occupied the highest place in growth rate during the 10th Plan period 2002-2007 ?
(A) Agricultural Sector
(B) Service Sector
(C) Industrial Sector
(D) Mining
Ans : (B)

19. As per the latest estimates of Petroleum Ministry. India’s refining capacity will be increased to …… million tonne per annum by the end of coming 11th plan, i.e., 2011-12.
(A) 210
(B) 220
(C) 230
(D) 240
Ans : (D)

20. Which one has become the 8th member of SAARC ?
(A) China
(B) Afghanistan
(C) Mauritius
(D) Myanmar
Ans : (B)
21. Agriculture sector registered 1•6% growth in 2008-09 and it is estimated for year 2010-11 at—
(A) 4•00%
(B) 4•30%
(C) 5•4%
(D) 3•61%
Ans : (C)

22. After merger, Tata-Corus has become the …… largest steel producer in the World.
(A) 3rd
(B) 4th
(C) 5th
(D) 6th
Ans : (C)

23. Nirmal Bharat Abhiyan Yojana is associated with—
(A) The development of Bihar
(B) Community toilets in slum areas
(C) Construction of houses for low income groups
(D) None of the above
Ans : (B)


24. The estimated World Gross Product for 2010 as declared by the recent report of UNO is—
(A) US $ 95•1 Trillion
(B) US $ 62•22 Trillion
(C) US $ 112•0 Trillion
(D) US $ 118•2 Trillion
Ans : (B)

25. “Pure Banking, Nothing Else” is a slogan raised by—
(A) ICICI Bank
(B) HDFC Bank
(C) SBI
(D) UTI Bank
Ans : (C)

26. “Smart Money” is a term used for—
(A) Internet Banking
(B) Credit Card
(C) Cash with Bank
(D) Cash with Public
Ans : (B)

27. Which one of the following stands at first rank in the list of top 10 steel producers in the world ?
(A) Nippon Steels
(B) Tata-Corus
(C) Arcelor-Mittal
(D) Bao Steel
Ans : (C)

28. Which of the following country has decided not to print its king’s photo on national currency ?
(A) Nepal
(B) Japan
(C) Denmark
(D) None of the above
Ans : (A)

29. The rate of Gross Domestic Savings for the 11th Plan as percentage of GDP is fixed at—
(A) 36•7%
(B) 34•8%
(C) 35•8%
(D) 33•8%
Ans : (B)

30. Who is the present (Nobember 2010) Director of Central Bureau Investigation ?
(A) Jyoti Krishna Dutt
(B) Kiran Mazumdar
(C) Amar Pratap Singh
(D) Arun Balkrishnan
Ans : (C)

31. Oil Refinery at Bhatinda is being established by—
(A) IOC
(B) HPCL
(C) Reliance
(D) BPCL
Ans : (B)

32. The maximum limit of Foreign Direct Investment (FDI) in public sector banking is—
(A) 51%
(B) 50%
(C) 33%
(D) 49%
Ans : (D)

33. Which of the following plan is meant for constructing houses for rural people ?
(A) Indra Avas Yojana
(B) Ambedkar Avas Yojana
(C) PURA
(D) None of the above
Ans : (A)

34. Recently foundation stone of a new rail coach making factory has been laid at—
(A) Saharsa
(B) Rae Bareli
(C) Amethi
(D) Amritsar
Ans : (B)

35. As per the declaration made in Railway Budget 2011-12, how many new Duranto Trains are to be introduced in 2011-12 ?
(A) 15
(B) 12
(C) 11
(D) 9
Ans : (D)

36. As per quick estimate for 2009-010 what is the gross domestic savings (GDS) at market price?
(A) 30•5% of GDP
(B) 33•7% of GDP
(C) 35•5% of GDP
(D) 37•5% of GDP
Ans : (B)

37. Per capita income at factor cost at constant prices (2004-05) for 2009-10 (Revised Estimates) stands at—
(A) Rs. 22580
(B) Rs. 24295
(C) Rs. 38084
(D) Rs. 33731
Ans : (D)

38. As per the latest data released by CSO, what share Indian Agriculture accounts in country’s GDP during 2009-10 ?
(A) 17•1%
(B) 17•6%
(C) 14•1%
(D) 26•6%
Ans : (C)

39. For 11th plan period 2007–2012 savings rate has been targeted at—
(A) 30.8%
(B) 31.6%
(C) 34.8%
(D) 33.6%
Ans : (C)

40. According to Small and Medium Enterprise Development Act, the maximum limit for medium enterprise is—
(A) Rs. 25 lakhs
(B) Rs. 1 crore
(C) Rs. 5 crore
(D) Rs. 10 crore
Ans : (D)