IBPS GENERAL AWARENESS PRACTICE QUESTIONS

1. The Govt. of India has taken a decision to open more IITs during the year 2008-09. These IITs will be in which of the following groups of States?
(A) Bihar,Rajasthan,Andhra Pradesh
(B) Andhra Pradesh,Orissa,Karnataka
(C) Karnataka,Tamilnadu,Kerala
(D) Uttar Pradesh,Madhya Pradesh,Bihar
(E) None of these
ANS (A)

2. Which of the following is /are NOT the highlights of the Union Budget 2008-09 ?
(1) A risk Capital fund is to be set up and maintained by one of the financial Institutes.
(2) Allocation for defence is reduced by 10% to make it Rs. 10,000 Crore.
(3) Several new scheme to be introduced for providing social security to the people in unorganized sectors.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) Both (1) & (2)
(E) All 1,2 & 3
ANS (B) The amount allocated for for defence in the budget 2008-09 is Rs. 105600 Crore which is higher than that in the Budget 2007-08.

3. To help farming community the Govt. of India has decided to raise the minimum support price of Paddy for current Kharif marketing season. What is that Price ?
(A) Rs. 800/quintal
(B) Rs. 900/quintal
(C) Rs. 950/quintal
(D) Rs. 1200/quintal
(E) none of these
ANS (D) The purchase price recommended by the CACP fOR The Crop Year 2008-09 for general category Rice is Rs. 1000 per quintal and for A- Grade is Rs. 1050 per quintal.

4. Which of the following is the correct definition of the term commercial paper ?
(1) It is nothing but the popular name of the judicial stamp papers used to register financial transactions.
(2) It is one of the instrument through which corporate raise debt from the market.
(3) It is the name of the "Certificate of Deposits" provided by the banks to its retail customers.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) Both (1) & (2)
(E) All (1),(2) & (3)
ANS (B)

5. As per the Railway Budget 2008-09 the operating ratio of Railways is pitched at which of the following levels? Approximately---
(A) 70%
(B) 75%
(C) 98%
(D) 90%
(E) 81%
ANS (E) As per the Railway Budget 2008-09 the operating ratio of Railways is pitched at 81.4% .

6. As per the new figures released in recent past what has been the ratio of taxes to gross domestic product (Tax-GDP)in 2007-08 ? Approximately ---
(A) 8%
(B) 9%
(C) 10-%
(D) 11.5%
(E) 12.5%
ANS (E)

7. Which of the following companies has got "Navratna Status" recently ?
(A) National Mineral Development Corporation (NMDC)
(B) National Textile Corporation (NTC)
(C) Maruti Udyog Ltd.
(D) IDBI Bnak Ltd.
(E) None of these
ANS (A)

8. Who amongst the following established the "Anandvan" a rehabilitation centre for Leprocy patients in Maharashtra ?
(A) Baba Amte
(B) Pandurang Shashtri Athawle
(C) Medha Patkar
(D) Asaram Bapu
(E) None of these
ANS (A)

9. Thaksin Shinawatra's name is associated with which of the follwing countries ?
(A) Singapore
(B) Thailand
(C) North Korea
(D) Soth Korea
(E) None of these
ANS (B)

10. Who amongst the following agreed to supply aircraft carrier "Gorshkov" to India for its defense services ?
(A) Russia
(B) France
(C) Germany
(D) Italy
(E) None of these
ANS (A)

11. Bhupen Hazarika is the recipient of the life time achievement award and is provided the status of the cabinet minister . Which of the following Stae Govt. has honoured him in this manner ?
(A) Orissa
(B) Assam
(C) West Bengal
(D) Maharashtra
(E) None of these
ANS (B)

12. Who amongst the following is the recipient of the "Kishore Kumar Award" given by the Madhya Pradesh Govt. ?
(A) Shabana Azmi
(B) Amitabh Bachchan
(C) Manoj Kumar
(D) Dev Anand
(E) None of these
ANS (C)

13.The Under -19 Cricket world cup 2008 was won by which of the following contries ?
(A) Malysia
(B) India
(C) Pakistan
(D) Australia
(E) England
ANS (B) India defeated South Africa in the final match by seven runs.

14. Who amongst the following was the chief guest in India's Republic Day Function ?
(A) Samak Sundaravej
(B) Gordon Brown
(C) Boris Tadic
(D) Nikolas Sarkozy
(E) None of these
ANS (E)

15. Who amongst the following is the recipient of Padma Vibhushan given away recently ?
(A) Anu Malik
(B) Shan
(C) Asha Bhosle
(D) Sonu Nigam
(E) None of these
ANS (C)

16. Which of the following Staes tops in primary ,upper primary education in India ?
(A) Tamilnadu
(B) Haryana
(C) Gujarat
(D) Kerala
(E) None of these
ANS (D)

17. The 11th five year paln wishes to raise the existing 2% growth in agriculture and allied activities to which of the following levels by the year 2012 ?
(A) 8%
(B) 6%
(C) 5%
(D) 4%
(E) None of these
ANS (D)

18. As a policy the Reserve Bank of India wishes to contain inflation at which of the following levels ?
(A) 5%
(B) 4.5%
(C) 4%
(D) 6%
(E) None of these
ANS (A)

19. World Day of Water is observed on which of the following days ?
(A) March 22
(B) February 22
(C) January 22
(D) May 22
(E) None of these
ANS (A)

20. Who amongst the following players has completed 16000 runs in One Day International Cricket matches recently ?
(A) Anil Kumble
(B) Rahul Dravid
(C) Saurav Ganguly
(D) Irfan Pathan
(E) Sachin Tendulkar
ANS (E)

21. Why was the name of Anatolyevic Medvedev in news recently ?
(A) He has taken over as the president of Russia
(B) He has taken over as the prime minister of Russia
(C) He is the new president of South Korea
(D) He is the new prime minister of South Korea
(E) None of these
ANS (A)

22. International Desert Festival 2008 was organized in February 2008 in ---
(A) Bhuj Ganganagar
(B) Ganganagar
(C) Bikaner
(D) Jaisalmer
(E) None of these
ANS (D)

23. The first ever Youth Olympic Games are scheduled to be held in 2010. These games will be orgsnized in --
(A) Moscow
(B) New Delhi
(C) Beijing
(D) Quala Lumpur
(E) None of these
ANS (E) The first ever Youth Olympic Games are scheduled to be held in 2010 in Singapore.

24. Who amongst the following has taken over as the president of Serbia ?
(A) Raul castro
(B) Stefen Spielberg
(C) Boris Tadic
(D) Jose Manual Ramos Horta
(E) None of these
ANS (C)

25. The general election in Iran are due in 2008. Iran elects its parliament for a period of ---
(A) 2 years only
(B) 3 years only
(C) 4 years only
(D) 5 years only
(E) 6 years only
ANS (C)

26. Luciana Aymar who aws adjudged the world hockey player 2007 is from which of the following countries ?
(A) Germany
(B) Argentina
(C) Italy
(D) Russia
(E) None of these
ANS (B)

27. which of the following State Government has decided to provide ownership rights to Tribal over forest land being cultivated by them since last 10 years ?
(A) Madhya Pradesh
(B) Uttar Pradesh
(C) Maharashtra
(D) Andhra Pradesh
(E) None of these
ANS (A)

28. Which of the following committees recommended the revival of Cooperative Credit Institutions in States ?
(A) Vaidyanathan Committee
(B) Rangrajan Committee
(C) Sachchar Committee
(D) Rakesh Mohan Committee
(E) None of these
ANS (A)

29. As we all know the Chinese economy is a booming economy and its export have played a significant role in it. What was the share of China's Export as compared to its GDP in 2007 ?
(A) 20%
(B) 30
(C) 40%
(D) 50%
(E) None of these
ANS (C)

30. Delhi won the Ranji Trophy for the seventh time in January 2008 by defeating -------
(A) Railways
(B) Haryana
(C) Mharashtra
(D) Guajarat
(E) Uttar Pradesh
ANS (E)

31. Gagan Nrang , who got a silver medal in an International Championship held in Munich,is a/an ---
(A) 100 metre runner
(B) Badminton Player
(C) Chess Player
(D) Swimmer
(E) Air Fifle Shooter
ANS (E)

32. As per the decision taken by the Govt. of India two financial inclusion funds are set up with an overall corpus of Rs. 500 Crore each. These funds- financial inclusion fund and financial inclusion technology funds are to be set up by the initial contribution made by the --
(A) SIDBI,NABARD & UTI
(B) NABARD,UTI & RBI
(C) Govt. of India,NABARD & RBI
(D) SIDBI,Govt. of India & IDBI Bank
(E) None of these
ANS (C)

33. As per the Govt. Policy the provision of the subsidy for interest subvention to Coopeartive Sugar Mills is done by which of the following agencies/organizations ?
(A) Commission for Agriculture cost & price
(B) Nationa Bank for Agriculture & Rural Development
(C) Ministry of Agriculture
(D) Natioanl Commission on Farmers
(E) None of these
ANS (B)

34. Banks these days have launched a new scheme product known as "Reverse Mortage" . The scheme is designed keeping which of the following groups of society in consideration ?
(A) Youngers who have just started earning
(B) Defense personnel whose life is always at high risk
(C) Senior Citizen
(D) Women who do not have independent source of income
(E) None of these
ANS (C)

35. Which of the following countries is governed by the Norweigen-mediated ceasefire Agreement to end its dispute with a group of rebellions ?
(A) Nepal
(B) Myanmar
(C) Afghanistan
(D) Sri Lanka
(E) None of these
ANS (D)

36. As per the news report SEBI has allowed short selling by FIs/MFs from ist February,2008 . What is "Short Selling" ?
(1) Selling of shares that the seller does not own at the time of trading
(2) Selling of shares on the same day or on the day they were alloted to the trader.
(3) Selling of shares on a much lower price due to turbulent market situations
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
ANS (A)

37. Prime minister os India on his visit to China a few months back signed a detailed agreement with the sama. What is/are the major highlights of the agreement ?
(1) Both the countries agreed to continue high level exchange of views. Indian President is invited to China.
(2) India to host joint millitary exercise in 2008.
(3) India has decided to raise the issue of Tibet in UNO. China has agreed for the same.
(A) Only 1
(B) Only 2
(C) Both 1 & 2
(D) Only 3
(E) All 1,2 & 3
ANS (C)

38. As per the reports in the leading newspapers Securities & Exchange Board of India (SEBI) has asked the Mutual Fund Industry to stop "MISSELLING" their scheme to investors. What is misselling of Products ?
(1) Misselling takes place when mutual funds are sold without telling the likely returns.
(2) When agents sell the products without telling investors what are the risk involved in investing in mutual funds.
(3) When agents invest somebody's money in mutual funds without their knowledge , it is called Misselling.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these
ANS (B)

39. The sensitive Index of the Bombay Stock Exchsange keeps on changing positively and negatively both. Which of the following is/are the main reasons which contributed for his sudden change in the same ?
(1) Higher GDP growth
(2) Continuous foreign funds flow
(3) High volume of forex reserves
(4) Only 1 Recession in USA
(A) Only 1 & 2
(B) Only 2 & 3
(C) Both 3 & 4
(D) Only 2
(E) All 1,2 ,3 & 4
ANS (B)

40. The USA , as reported in the leading newspapers is proceeding towards 'recession'. What happens when an economy goes in the grip of 'recession'?
(1) GDP growth slow down
(2) People lose their jobs
(3) Foreign exchange reserve goes up substantially as lot of loans/grants star pouring in .
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
ANS (D)