BUDGET RELATED TERMINOLOGY

Union Budget
Under Article 112 of the constitution, a statement of estimated receipts and expenditure, called the ‘Annual Financial Statement’, has to be placed before Parliament for each financial year.

This Statement is the main budget document. It is an estimate of the Government’s revenue and expenditure at the end of a fiscal year, which runs from April 1 to March 31.

A Union Budget is the most comprehensive report of the Government’s finances, in which revenues from all sources and outlays to all activities are consolidated. The budget also contains estimates of the Government’s accounts for the next fiscal, called budgeted
estimates.

Capital BudgetThe capital budget consists of capital receipts and payments. Capital receipts are Government loans raised from the public, Government borrowings from the Reserve Bank and treasury bills, divestment of equity holding in public sector enterprises, loans received from foreign Governments and bodies, securities against small savings, State provident funds, and special deposits.

Capital payments refer to capital expenditures on construction of capital projects and acquisition of assets like land, buildings machinery and equipment.

It also includes investments in shares, and loans and advances granted by the Central Government to State Governments, Government companies, corporations and other parties.

Revenue Budget
The revenue budget consists of revenue receipts of the Government and its expenditure. Revenue receipts are divided into tax and non-tax revenue. Tax revenues constitute taxes like income tax, corporate tax, excise, customs, service and other duties that the Government levies.

The non-tax revenue sources include interest on loans, dividend on investments etc.

Revenue expenditure is the expenditure incurred on the day-to-day running of the Government and its various departments, and for services that it provides.

It also includes interest on its borrowings, subsidies and grants given to State Governments and other parties.

This expenditure does not result in the creation of assets. In case the difference between revenue receipts and revenue expenditure is negative, there is a revenue deficit.

It shows the shortfall of the Government’s current receipts over current expenditure. If the capital expenditure and capital receipts are taken into account too, there will be a gap between the receipts and expenditure in a year. This gap constitutes the overall budgetary deficit, and it is covered by issuing 91-day Treasury Bills, mostly held by the Reserve Bank.

Revenue surplus is the excess of revenue receipts over revenue expenditure.

Fiscal Deficit
This is the gap between the Government’s total spending and the sum of its revenue receipts and non-debt capital receipts.

It represents the total amount of borrowed funds required by the Government to completely meet its expenditure. The gap is bridged through additional borrowing from the Reserve Bank of India, issuing Government securities etc. Fiscal deficit is one of the major contributors to inflation.

Primary Deficit
The primary deficit is the fiscal deficit minus interest payments. It tells how much of the Government’s borrowings are going towards meeting expenses other than interest payments.

Finance Bill
The Government proposals for the levy of new taxes, alterations in the present tax structure, or continuance of the current tax structure are placed before the Parliament in this bill. The bill contains amendments proposed to direct and indirect taxes.

Direct and Indirect Taxes
Direct taxes are levied on the incomes of individuals and corporates. For example, income tax, corporate tax etc. Indirect taxes are paid by consumers when they buy goods and services. These include excise duty, customs duty etc.

Some Other TermsCentral plan outlay : It refers to the allocation of monetary resources among the different sectors in the economy and the ministries of the Government.

Public account : The Government acts like a banker for transactions relating to provident funds, small savings collection etc.

The funds that the Government thus receives from its bank like operations are kept in the public account, from which the related disbursements are made.

These funds do not belong to the Government and have to be paid back to the persons and authorities who have deposited them.

Ad-valorem duties : These are the duties determined as a certain percentage of the price of products.

Balance of payments : Balance of payments is the difference between the demand for, and supply of, a country’s currency on the foreign exchange market.

Budget estimates : It is an estimate of fiscal and revenue deficits for the year. The term is associated with the estimates of the Centre’s spending during the financial year and the income received through taxes.

Capital receipt : Loans raised by the Centre from the market. Government borrowings from the Reserve Bank and other parties, sale of Treasury Bills, and loans received from foreign governments form a part of capital receipt.

Other items that also fall under this category include recovery of loans granted by the Centre to State Governments and proceeds from disinvestments of Government stake in public sector undertakings.

Consolidated fund : Under this, the Government pools all its funds together.

It includes all Government revenues, loans raised, and recoveries of loans granted.

All expenditure of the Government is incurred from the consolidated fund and no amount can be withdrawn from the fund without authorisation of the Parliament.

Contingency fund : This is a fund used for meeting emergencies where the Government cannot wait for an authorisation of the Parliament. The Government subsequently obtains Parliamentary approval for the expenditure. The amount spent from the contingency fund is returned to the fund later.

Monetary policy : This comprises actions taken by the central bank to regulate the level of money or liquidity in the economy, or change the interest rates.

FINANCIAL & BANKING AWARENESS MCQs

1. Competition (Amendment) Bill, 2007 has replaced—
(A) VAT
(B) MRTPC
(C) Securities Contracts (Regulation) Bill, 2005
(D) Electricity Act, 2003

2. A bill has been introduced in the Parliament to raise SBI authorised capital from Rs. 20 crore to—
(A) Rs. 50 crore
(B) Rs. 1000 crore
(C) Rs. 2000 crore
(D) Rs. 5000 crore

3. The total Foreign Direct Investment (FDI) during 2008-09 has been targeted at—
(A) $ 25 billion
(B) $ 35 billion
(C) $ 45 billion
(D) $ 50 billion

4. National Electricity Policy envisages elimination of power shortage by 2012 through addition of …… during 10th and 11th plan periods.
(A) 50000 MW
(B) 75000 MW
(C) 100000 MW
(D) 125000 MW

5. ‘Priyadarshini Project’ is related to—
(A) Empowerment of Rural women
(B) Survival of Girl Child
(C) Free Education to all girls
(D) None of the above

6. ‘Pratibha Kiran Yojana’ is a new scheme to promote higher education among girls introduced by—
(A) Karnataka
(B) Bihar
(C) Madhya Pradesh
(D) Uttar Pradesh

7. To which service, the government has notified Service Tax Refund Scheme for exporter ?
(A) Port services
(B) Railway service
(C) Road service
(D) All of these

8. ‘Laadli Laxmi Yojana’ has been launched by………government for supporting girls of all religion and caste upto their marriage.
(A) Rajasthan
(B) Madhya Pradesh
(C) Uttar Pradesh
(D) Gujarat

9. The Contract of Expressway Project in Uttar Pradesh has been awarded to—
(A) JP Associates
(B) JM Infra
(C) Jointly to (A) and (B)
(D) None of the above

10. 13th ASEAN Summit was held between November 18 to 22, 2007 in—
(A) Thailand
(B) Malaysia
(C) Singapore
(D) Philippines

11. ‘Innovation Lab’ has been launched by—
(A) Tata Consultancy Services
(B) Infosys Tech
(C) Reliance Industries
(D) Anil’s Reliance Communications

12. Dr. Ganesh Natrajan has been appointed Chairman (2008-09) for—
(A) CII
(B) NASSCOM
(C) FICCI
(D) SEBI

13. Which country was honoured at China International Travel Mart 2007 with Best Participating and Excellent Advertisement Awards ?
(A) Singapore
(B) Thailand
(C) India
(D) Nepal

14. APEC group leaders have decided to take up new membership issue after a few years and as a result India and other ten countries have to wait for APEC membership till—
(A) 2009
(B) 2010
(C) 2011
(D) 2012

15. Government has extended Mid Day Meal Scheme to cover the students upto class—
(A) 6th
(B) 7th
(C) 8th
(D) 10th

16. Videsh Sanchar Nigam Ltd. has been renamed as—
(A) Reliance Sanchar Nigam Ltd.
(B) Tata Sanchar Nigam Ltd.
(C) Tata Communication Ltd.
(D) Bharti Communication Ltd.

17. Government is going to merge Annapurna Scheme with—
(A) Mid Day Meal Scheme
(B) National Old Age Pension Scheme
(C) National Food for Work Programme
(D) Antyodaya Anna Yojana

18. For attaining 9% growth rate during 11th plan (2007-2012), investment level has been estimated to be—
(A) 34•8% of GDP
(B) 32•4% of GDP
(C) 30•9% of GDP
(D) 36•7% of GDP

19. Government adopted the new funding pattern (Centre State Share) for Sarva Shiksha Abhiyan as—
(A) 50 : 50
(B) 55 : 45
(C) 60 : 40
(D) 65 : 35

20. National Food Security Mission targets to increase the production of wheat, rice and pulses in next four years to—
(A) 10, 8 and 2 million tonne respectively
(B) 8, 10 and 2 million tonne respectively
(C) 8, 12 and 2 million tonne respectively
(D) 8, 10 and 4 million tonne respectively

21. The most densely populated country in South Asia is—
(A) Bangladesh
(B) India
(C) Maldives
(D) Sri Lanka

22. Revenue Deficit as a per cent of GDP in Budget 2009-10 has been estimated at—
(A) 1•0%
(B) 4•0%
(C) 4•4%
(D) 4•8%

23. Which country among the following gets the highest HDI ranking in Human Development Report 2007 ?
(A) Iceland
(B) USA
(C) United Kingdom
(D) Japan

24. ‘Aam Admi Bima Yojana’ is an insurance scheme for rural landless households introduced by—
(A) National Insurance Co.
(B) Life Insurance Co.
(C) UTI
(D) ICICI Life Prudential Co.

25. NOAPS has been renamed as Indira Gandhi Old Age Pension Scheme with its extended scope. Now this scheme will include all old age persons—
(A) Living below poverty line
(B) Above 60 years age
(C) Above 65 years age
(D) Both (A) and (C)

26. The Ex-officio Secretary of NDC is—
(A) Secretary of Finance Ministry
(B) General Secretary of Lok Sabha
(C) Secretary of Planning Commission
(D) Vice Chairman of Planning Commission

27. For charters and cargo services, what is the new FDI ceiling announced by the government ?
(A) 100%
(B) 74%
(C) 26%
(D) 49%

28. In National Mineral Policy (1993) which mineral was allowed for having investment from private sector—
(A) Coal
(B) Iron
(C) Gold
(D) Platinum

29. The share of road transport in total transport of the country is—
(A) 20%
(B) 40%
(C) 60%
(D) 80%

30. Minimum Support Price is decided by—
(A) ICAR
(B) State Government
(C) Ministry of Agriculture
(D) CACP

31. Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States ?
(A) 28·5%
(B) 29·5%
(C) 30·5%
(D) 31·5%

32. Which state possesses the maximum percentage of SC population ?
(A) U.P.
(B) M.P.
(C) Kerala
(D) Punjab

33. Government has decided to cover all districts of the country in National Rural Employment Guarantee Programme (NREGP)—
(A) Upto January 1, 2008
(B) Upto March 31, 2008
(C) w.e.f. April 1, 2008
(D) w.e.f. April 1, 2009

34. What is ‘NIKKEI’ ?
(A) Share Price Index of Tokyo Share Market
(B) Name of Japanese Central Bank
(C) Japanese name of Country’s Planning Commission
(D) Foreign Exchange Market of Japan

35. Which statement is correct for Indian Planning Commission ?
(A) It is not defined in Indian Constitution
(B) Members and Vice-Chairman of it do not have fixed working duration
(C) Members do not require any minimum education
(D) All of these

36. Which State of the following has not yet adopted VAT (Value Added Tax) ?
(A) Tamil Nadu
(B) Uttar Pradesh
(C) Gujarat
(D) None of the above

37. Service Tax revenue collection for 2008–09 (Budget estimates) was proposed at—
(A) Rs. 64,460 crore
(B) Rs. 52,603 crore
(C) Rs. 50,200 crore
(D) Rs. 74,460 crore

38. NABARD was established on the recommendation of—
(A) Public Account Committee
(B) Shivaraman Committee
(C) Narsimham Committee
(D) None of these

39. Sampurna Gramin Rojgar Yojana was launched on—
(A) 1st April, 2001
(B) 25th Sept., 2001
(C) 30th Sept., 2001
(D) No scheme of such title has yet launched

40. Which company is providing mobile service with name ‘Cell One’ to the consumers ?
(A) MTNL
(B) BSNL
(C) Reliance Infocom
(D) Bharti Tele

41. VAT is imposed—
(A) Directly on consumer
(B) On final stage of production
(C) On first stage of production
(D) On all stages between production and final sale

42. The newly appointed person as Chairman of CBDT is—
(A) S. Sridhar
(B) S. S. N. Moorti
(C) Rajiv Chandrashekhar
(D) Venugopal Dhoot

43. Kutir Jyoti scheme is associated with—
(A) Promoting cottage industry in villages
(B) Promoting employment among rural unemployed youth
(C) Providing electricity to rural families living below the poverty line
(D) All of these

44. Novelis has been acquired and merged with—
(A) Tata Steels
(B) SAIL
(C) HINDALCO
(D) Jindal Steels

45. OTCEI is—
(A) Atomic Submarine of China
(B) Economic Policy of USA
(C) An Indian Share Market
(D) A Defence Research Organisation

46. Foreign Trade Policy 2009-10 document fixes the export target for 2009-10 as—
(A) $ 140 billion
(B) $ 175 billion
(C) $ 150 billion
(D) $ 200 billion

47. Gross Budgetary Support (GBS) for 2008–09 as per document of 11th plan stands at Rs. 2,28,725 crore but in budget proposals for 2008–09 it was raised to—
(A) Rs. 2,23,386 crore
(B) Rs. 2,43,386 crore
(C) Rs. 2,63,386 crore
(D) Rs. 28,456 crore

48. The base year of Industrial Production Index is being shifted from 1993-94 to—
(A) 2004-05
(B) 1999
(C) 2000-01
(D) 1999-2000

49. In Interim Budget proposals for 2009–10, which of the following gives 22% contribution in revenue collection of union government ?
(A) Income Tax
(B) Excise
(C) Corporation Tax
(D) Non-tax Revenue

50. The base year of present Consumer Price Index (CPI) for Urban Non-Manual Employees (CPI—UNME) is—
(A) 1980-81
(B) 1981-82
(C) 1982-83
(D) 1984-85

51. CAPART is related with—
(A) Assisting and evaluating rural welfare programmes
(B) Computer hardware
(C) Consultant service of export promotion
(D) Controlling pollution in big industries

52. Note issuing deptt. of RBI should always possess the minimum gold stock of worth—
(A) Rs. 85 crore
(B) Rs. 115 crore
(C) Rs. 200 crore
(D) None of these

53. Which of the following does not grant any tax rebate ?
(A) National Saving Certificate
(B) Indira Vikas Patra
(C) National Saving Scheme
(D) Public Providend Fund

54. Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on—
(A) 31 March, 1997
(B) 31 March, 1996
(C) 1 April, 1992
(D) 1 April, 1995

55. SEBI was established in—
(A) 1993
(B) 1992
(C) 1988
(D) 1990

56. The working of SEBI includes—
(A) To regulate the dealings of share market
(B) To check the foul dealings in share market
(C) To control the inside trading of shares
(D) All of these

57. The ‘Ad hoc Treasury Bill System’ of meeting budget deficit in India was replaced by ‘Ways and Means Advances System’ which has come into force on—
(A) March 31, 1997
(B) April 1, 1996
(C) April 1, 1997
(D) None of these

58. Fiscal deficit as a percentage of GDP was 4·0% in 2004–05 which increased in 2009–10 (Budget Estimates) to—
(A) 5·0%
(B) 5·1%
(C) 6·8%
(D) 6·0%

59. Which is the first Export Processing Zone declared as Free Trade Zone in India ?
(A) Kandla
(B) Noida
(C) Santacruz
(D) Falta

60. Which statement of the following is true for IMF ?
(A) It is not an agency of UNO
(B) It can grant loan to any country of the world
(C) It can grant loan to state Govt. of a country
(D) It grants loan only to member nations

61. TRAI has abolished ADC (Access Deficit Charge) on all types of calls w.e.f.—
(A) April 1, 2008
(B) April 30, 2008
(C) August 30, 2008
(D) October 30, 2008

62. Which of the following is public sector organisation ?
(1) FCI Food Corporation of India
(2) FCI Fertilizer Corporation of India
(3) Cotton Corporation of India
(4) Jute Corporation of India
(A) Only 1 and 2
(B) Only 2, 3
(C) Only 3, 4
(D) All of these

63. Which day has been declared as ‘Balika Diwas’ (Girl Day) by the Ministry of Woman and Children Development ?
(A) April 5, every year
(B) July 9, every year
(C) October 9, every year
(D) December 9, every year

64. For RIDF-XIV, allocation in Union Budget 2008-09 was—
(A) Rs. 16000 crore
(B) Rs. 12000 crore
(C) Rs. 10000 crore
(D) Rs. 14000 crore

65. The birth rate and death rate for the year 2006 have been estimated as—
(A) 26·2 and 8·1 per thousand respectively
(B) 24·8 and 8·0 per thousand respectively
(C) 23·8 and 7·6 per thousand respectively
(D) 23·5 and 7·5 per thousand respectively

66. Central Issue price of foodgrains under TPDS includes price for BPL and APL (below poverty line and above poverty line). What is the difference between the two ?
(A) Price for APL is double of BPL price
(B) Price for BPL is one-third of APL price
(C) Difference of Rs. 500 per Qt.
(D) Difference of Rs. 250 per Qt.

67. What growth target government has estimated for the domestic crude production for the 11th Plan (2007–12) ?
(A) 42%
(B) 33%
(C) 29%
(D) 26%

68. Rural women can avail the benefit of Mahila Samriddhi Yojana if they open their account in—
(A) Rural Post Offices
(B) Commercial Banks
(C) Rural Development Bank
(D) Any of the above

69. Agriculture sector registered 4·9% growth in 2007-08 and it is estimated for year 2008-09 at—
(A) Again 4·5%
(B) 4·3%
(C) 3·3%
(D) 1·6%

70. As per the third advanced estimates of Agricultural Production for the year 2008-09 released by the Ministry of Agriculture, total foodgrain’s production has been estimated at—
(A) 240·78 million tonne
(B) 230·78 million tonne
(C) 227·88 million tonne
(D) 229·85 million tonne

71. Mistry Committee in its final report recommends full capital account convertibility by—
(A) 2008 end
(B) 2009 end
(C) 2010 end
(D) 2011 end

72. Which committee recommended tax on Agriculture Holdings ?
(A) Bhootlingam Committee
(B) Wanchoo Committee
(C) Raj Committee
(D) None of these

73. The Present Service Tax rate is—
(A) 8%
(B) 15%
(C) 10%
(D) 12%

74. The cause of deflation is—
(A) Lack of goods and services as compared to money supply
(B) Lack of imports as compared to exports
(C) Lack of money supply as compared to supply of goods and services
(D) None of these

75. Which of the following is a better measure of economic development ?
(A) Employment
(B) Size of exports
(C) Rural consumption
(D) National Income

76. Which bank in India performs duties of Central Bank ?
(A) Central Bank of India
(B) State Bank of India
(C) Reserve Bank of India
(D) Above (A) and (B)

77. Out of one Rupee expenditure, how much paise have been allotted for subsidy in 2009-10 interim budget proposals ?
(A) 12 paise
(B) 10 paise
(C) 9 paise
(D) 7 paise

78. ‘India Brand Equity Fund’ was established in—
(A) 1996
(B) 1997
(C) 1995
(D) 1992

79. Mixed Economy means—
(A) Co-existence of small and large industries
(B) Promoting both Agriculture and Industries in the economy
(C) Co-existence of public and private sectors
(D) Co-existence of rich and poor

80. Ministry of HRD has announced to hike FDI limit in Education to—
(A) 65%
(B) 70%
(C) 75%
(D) 100%

81. ‘Pure Banking, Nothing Else’ is a slogan raised by—
(A) ICICI Bank
(B) HDFC Bank
(C) SBI
(D) UTI Bank

82. In the end of March 2008, External debt to GDP ratio in India stood at—
(A) 18·8%
(B) 17·4%
(C) 17·8%
(D) 15·8%

83. Indian State having the lowest Infant Mortality Rate is—
(A) Maharashtra
(B) Goa
(C) Gujarat
(D) Kerala

84. ‘Smart Money’ is a term used for—
(A) Internet Banking
(B) Credit Card
(C) Cash with Bank
(D) Cash with Public

85. Which of the following has the maximum share in GSM Mobile Phone Service Market ?
(A) Vodafone (earlier Hutch)
(B) Airtel
(C) BSNL
(D) Reliance

86. The main objective of TRYSEM was—
(A) To train rural youth for self employment
(B) To train urban youth for self employment
(C) Both of the above
(D) None of these

87. The establishment of IORARC (Indian Ocean Rim Association for Regional Cooperation) was officially declared on—
(A) March 5, 1996
(B) March 5, 1997
(C) April 1, 1997
(D) August 15, 1947

88. Inside Trading is related to—
(A) Share Market
(B) Horse racing
(C) Taxation
(D) Public Expenditure

89. The largest source of National Income in India is—
(A) Service Sector
(B) Agriculture
(C) Industrial Sector
(D) Trade Sector

90. ‘Public Sector’ means—
(A) Government ownership on commerce and trade
(B) Capitalist ownership on commerce and trade
(C) Private ownership on trade
(D) None of these

91. NABARD is—
(A) A bank
(B) A board
(C) A block
(D) A department

92. Indian Green Revolution is the most successful in—
(A) Wheat and Potato
(B) Jwar and Oil Seeds
(C) Wheat and Rice
(D) Tea and Coffee

93. The period of 10th plan in India was—
(A) 2000-2005
(B) 2001-2006
(C) 2002-2007
(D) 2003-2008

94. Economic Planning is in—
(A) Union list
(B) State list
(C) Concurrent list
(D) Not any specified list

95. Presently (from April 29, 2003) bank rate in India is—
(A) 7·0%
(B) 6·75%
(C) 6.25%
(D) 6·0%

96. Gross domestic savings as a proportion of GDP has been improving. What is the average percentage of gross domestic savings proposed during the 11th plan ?
(A) 26·4%
(B) 31·9%
(C) 34·8%
(D) 35·2%

97. 12th Finance Commission has recommended to merge and determine one single interest rate on various outstanding central loans to states having different interest rates. What is this recommended interest rate ?
(A) 7·0%
(B) 7·5%
(C) 8·0%
(D) 8·5%

98. MRTP is related to—
(A) Monopoly and trade restrictions
(B) Inflation control
(C) Transport control
(D) Foreign Exchange Regulations

99. Interest Rate Policy is a part of—
(A) Fiscal Policy
(B) Industrial Policy
(C) Monetary Policy
(D) None of these

100. The basis of determining dearness allowance to employees in India is—
(A) National Income
(B) Consumer Price Index
(C) Standard of Living
(D) Per Capita Income

Answers1. (B) 2. (D) 3. (B) 4. (C) 5. (A) 6. (C) 7. (D) 8. (B) 9. (A) 10. (C)
11. (A) 12. (B) 13. (C) 14. (B) 15. (C) 16. (C) 17. (B) 18. (D) 19. (D) 20. (B)
21. (C) 22. (D) 23. (A) 24. (B) 25. (D) 26. (C) 27. (B) 28. (A) 29. (D) 30. (D) 31. (C) 32. (D)
33. (C) 34. (A) 35. (D) 36. (D) 37. (A) 38. (B) 39. (B) 40. (B) 41. (D) 42. (B) 43. (C) 44. (C) 45. (C)
46. (D) 47. (B) 48. (D) 49. (C) 50. (D)  51. (A) 52. (B) 53. (B) 54. (A) 55. (C) 56. (D) 57. (C) 58. (C)
59. (C) 60. (D) 61. (D) 62. (D) 63. (D) 64. (D) 65. (D) 66. (A) 67. (D) 68. (A) 69. (D) 70. (D)
71. (A) 72. (D) 73. (D) 74. (C) 75. (D)  76. (C) 77. (C) 78. (A) 79. (C) 80. (D) 81. (C) 82. (A) 83. (D) 84. (B) 85. (B) 86. (A) 87. (B) 88. (A) 89. (A) 90. (A) 91. (A) 92. (C) 93. (C) 94. (C) 95. (D)
96. (C) 97. (B) 98. (A) 99. (C) 100. (B)

IBPS CLERKS EXAM COMPUTER KNOWLEDGE QUESTIONS

1. All of the following are examples of real security and privacy risks EXCEPT:
A. hackers.
B. spam.
C. viruses.
D. identity theft.
Answer: B

2. A process known as ____________ is used by large retailers to study trends.
A. data mining
B. data selection
C. POS
D. data conversion
Answer: A

3. ____________terminals (formerly known as cash registers) are often connected to complex inventory and sales computer systems.
A. Data
B. Point-of-sale (POS)
C. Sales
D. Query
Answer: B

4. A(n) ____________ system is a small, wireless handheld computer that scans an item’s tag and pulls up the current price (and any special offers) as you shop.
A. PSS
B. POS
C. inventory
D. data mining
Answer: A

5. The ability to recover and read deleted or damaged files from a criminal’s computer is an example of a law enforcement specialty called:
A. robotics.
B. simulation.
C. computer forensics.
D. animation.
Answer: C

6. Which of the following is NOT one of the four major data processing functions of a computer?
A. gathering data
B. processing data into information
C. analyzing the data or information
D. storing the data or information
Answer: C

7. ____________ tags, when placed on an animal, can be used to record and track in a database all of the animal’s movements.
A. POS
B. RFID
C. PPS
D. GPS
Answer: B

8. Surgeons can perform delicate operations by manipulating devices through computers instead of manually. This technology is known as:
A. robotics.
B. computer forensics.
C. simulation.
D. forecasting.
Answer: A

9. Technology no longer protected by copyright, available to everyone, is considered to be:
A. proprietary.
B. open.
C. experimental.
D. in the public domain.
Answer: A

10. ____________ is the study of molecules and structures whose size ranges from 1 to 100 nanometers.
A. Nanoscience
B. Microelectrodes
C. Computer forensics
D. Artificial intelligence
Answer: A
11. ____________ is the science that attempts to produce machines that display the same type of intelligence that humans do.
A. Nanoscience
B. Nanotechnology
C. Simulation
D. Artificial intelligence (AI)
Answer: D

12. ____________ is data that has been organized or presented in a meaningful fashion.
A. A process
B. Software
C. Storage
D. Information
Answer: D

13. The name for the way that computers manipulate data into information is called:
A. programming.
B. processing.
C. storing.
D. organizing.
Answer: B

14. Computers gather data, which means that they allow users to ____________ data.
A. present
B. input
C. output
D. store
Answer: B

15. After a picture has been taken with a digital camera and processed appropriately, the actual print of the picture is considered:
A. data.
B. output.
C. input.
D. the process.
Answer: B


16. Computers use the ____________ language to process data.
A. processing
B. kilobyte
C. binary
D. representational
Answer: C

17. Computers process data into information by working exclusively with:
A. multimedia.
B. words.
C. characters.
D. numbers.
Answer: D

18. In the binary language each letter of the alphabet, each number and each special character is made up of a unique combination of:
A. eight bytes.
B. eight kilobytes.
C. eight characters.
D. eight bits.
Answer: D

19. The term bit is short for:
A. megabyte.
B. binary language.
C. binary digit.
D. binary number.
Answer: C


20. A string of eight 0s and 1s is called a:
A. megabyte.
B. byte.
C. kilobyte.
D. gigabyte.
Answer: B

21. A ____________ is approximately one billion bytes.
A. kilobyte
B. bit
C. gigabyte
D. megabyte
Answer: C

22. A ____________ is approximately a million bytes.
A. gigabyte
B. kilobyte
C. megabyte
D. terabyte
Answer: C

23. ____________ is any part of the computer that you can physically touch.
A. Hardware
B. A device
C. A peripheral
D. An application
Answer: A


24. The components that process data are located in the:
A. input devices.
B. output devices.
C. system unit.
D. storage component.
Answer: C

25. All of the following are examples of input devices EXCEPT a:
A. scanner.
B. mouse.
C. keyboard.
D. printer.
Answer: D

26. Which of the following is an example of an input device?
A. scanner
B. speaker
C. CD
D. printer
Answer: A

27. All of the following are examples of storage devices EXCEPT:
A. hard disk drives.
B. printers.
C. floppy disk drives.
D. CD drives.
Answer: B

28. The ____________, also called the “brains” of the computer, is responsible for processing data.
A. motherboard
B. memory
C. RAM
D. central processing unit (CPU)
Answer: D

29. The CPU and memory are located on the:
A. expansion board.
B. motherboard.
C. storage device.
D. output device.
Answer: B

30. Word processing, spreadsheet, and photo-editing are examples of:
A. application software.
B. system software.
C. operating system software.
D. platform software.
Answer: A

31. ____________ is a set of computer programs used on a computer to help perform tasks.
A. An instruction
B. Software
C. Memory
D. A processor
Answer: B

32. System software is the set of programs that enables your computers hardware devices and ____________ software to work together.
A. management
B. processing
C. utility
D. application
Answer: D

33. The PC (personal computer) and the Apple Macintosh are examples of two different:
A. platforms.
B. applications.
C. programs.
D. storage devices.
Answer: A

34. Apple Macintoshes (Macs) and PCs use different ____________ to process data and different operating systems.
A. languages
B. methods
C. CPUs
D. storage devices
Answer: C

35. Servers are computers that provide resources to other computers connected to a:
A. network.
B. mainframe.
C. supercomputer.
D. client.
Answer: A

36. Smaller and less expensive PC-based servers are replacing ____________ in many businesses.
A. supercomputers
B. clients
C. laptops
D. mainframes
Answer: D

37. ____________ are specially designed computers that perform complex calculations extremely rapidly.
A. Servers
B. Supercomputers
C. Laptops
D. Mainframes
Answer: B

38. DSL is an example of a(n) ____________ connection.
A. network
B. wireless
C. slow
D. broadband
Answer: D

39. The difference between people with access to computers and the Internet and those without this access is known as the:
A. digital divide.
B. Internet divide.
C. Web divide.
D. broadband divide.
Answer: A

40. ____________ is the science revolving around the use of nano structures to build devices on an extremely small scale.
A. Nanotechnology
B. Micro-technology
C. Computer forensics
D. Artificial intelligence
Answer: A

41. Which of the following is the correct order of the four major functions of a computer?
A. Process à Output à Input à Storage
B. Input à Outputà Process à Storage
C. Process à Storage à Input à Output
D. Input à Process à Output à Storage
Answer: D

42. ____________ bits equal one byte.
A. Eight
B. Two
C. One thousand
D. One million
Answer: A

43. The binary language consists of ____________ digit(s).
A. 8
B. 2
C. 1,000
D. 1
Answer: B

44. A byte can hold one ____________ of data.
A. bit
B. binary digit
C. character
D. kilobyte
Answer: C

45. ____________ controls the way in which the computer system functions and provides a means by which users can interact with the computer.
A. The platform
B. The operating system
C. Application software
D. The motherboard
Answer: B

46. The operating system is the most common type of ____________ software.
A. communication
B. application
C. system
D. word-processing software
Answer: C

47. ____________ are specially designed computer chips that reside inside other devices, such as your car or your electronic thermostat.
A. Servers
B. Embedded computers
C. Robotic computers
D. Mainframes
Answer: B

48. The steps and tasks needed to process data, such as responses to questions or clicking an icon, are called:
A. instructions.
B. the operating system.
C. application software.
D. the system unit.
Answer: A

49. The two broad categories of software are:
A. word processing and spreadsheet.
B. transaction and application.
C. Windows and Mac OS.
D. system and application.
Answer: D

50. The metal or plastic case that holds all the physical parts of the computer is the:
A. system unit.
B. CPU.
C. mainframe.
D. platform.
Answer: A

IBPS CLERKS EXAM COMPUTER KNOWLEDGE PRACTICE QUESTIONS

1. A word in a web page that, when clicked, opens another document is called ?

• 01. URL
• 02. anchor
• 03. hyperlink
• 04. None of these

2. Tunk e-mail is also called ?

• 01. Spool
• 02. Spoof
• 03. sniffer script
• 04. spam

3. What is the full form of USB as used in the computer related activities ?

• 01. Universal Service Block
• 02. Universal Security Block
• 03. Universal Serial Bus
• 04. None of these

4. Microprocessor can be used to make ?

• 01. Digital Systems
• 02. Calculators
• 03. Computer
• 04. All of the above

5. When did arch rivals IBM and Apple computers Inc. decide to join hands ?

• 01. 1992
• 02. 1991
• 03. 1980
• 04. 1993

6. Which of the following is the correct order of the four major functions of a computer ?

• 01. Process --> Output --> Process --> Storage
• 02. Process --> Storage --> Process --> Output
• 03. Input --> Output -- > Process --> Storage
• 04. Input --> Process --> Output a Storage

7. Which of the following is a Web browser ?

• 01. Fire fox
• 02. Power Point
• 03. Word
• 04. All are Web browsers

8. Which out of the following is not a DBMS software ?

• 01. SyBase
• 02. ORACLE
• 03. Data base 200
• 04. FOXPRO

9. Which of the following refers to a small, single-site network ?

• 01. CPU
• 02. RAM
• 03. USB
• 04. LAN

10. A Web site address is unique name that identifies a specific _____ on the web ?

• 01. Web site
• 02. Link
• 03. Web browser
• 04. None of these

IBPS CLERKS EXAM GENERAL AWARENESS PRACTICE QUESTIONS

1) Who among the following is not the present Deputy Governor of Reserve Bank of India ?

• 1) K.C.Chakra varthy
• 2) Subhir Gokarn
• 3) D. Subba Rao
• 4) Anand Sinha
• 5) H. R.khan

2) On 4th July 2011, the Reserve Bank of India on extended the ......... % ceiling of bank investment in liquid schemes of mutual funds Z to include snort-term debt funds ?

• 1) 7
• 2) 8
• 3) 9
• 4) 11
• 5) 10

3) Fixed Deposit also called as ........ ?

• 1) Term Deposit
• 2) Steer Deposit
• 3) Validity Deposit
• 4) No Cancel Deposit
• 5) Inter Deposit

4) Expand CDSL ......... ?

• 1) Central Deposit Source Limited
• 2) Central Deposit Signal Limited
• 3) Central Depository Services Loyalty
• 4) Central Dena Services Limited
• 5) Central Depository Services Limited

5) India is set for a record food grains production in the 2010-11 crop year at ........ million tonnes as per the advance estimates released by the Agriculture Ministry ?

• 1) 222.28
• 2) 232.12
• 3) 321.25
• 4) 241.56
• 5) 201.20

6) By 31 st March 2011, the Non-performance Assets (NPA) to all banks reached about . ..,...... percent ?

• 1) One
• 2) Three
• 3) Five
• 4) Ten
• 5) Eight

7) The best alternative banking service to branch banking to be the part of Financial Inclusion ?

• 1) Establishment of small branches
• 2) Setup ATMs
• 3) Issuing of ATM cards
• 4) Giving Credit Cards
• 5) Mobile banking

8) Central Bank ol India has tie up with .......... to promote vocational training amongst the youth ?

• 1) National Skill Deemed Corporation (NSDC)
• 2) National Steamed Development Corporation (NSDC)
• 3) National Skill Development Corporation (NSDC)
• 4) Notional Skill Development Corporation (NSDC)
• 5) None

9) Banks giving the towest lending the ........ Part of india ?

• 1) Central
• 2) North Eastern
• 3) Southern
• 4) Western
• 5) Northern

10) ........ is a good step it RBI to stop the Capital Outflows and contain the currency depreciation ?

• 1) increase the bank license tee
• 2) restricting customers not to use other ATM
• 3) decrease the interest rates
• 4) increase the interest rates
• 5) None

11) Committee Of Secretaries(COS) recommend .,....... percent of FDI in the multibrand retail sector ? ( Committee headed by Ajay Kumar Seth)

• 1) 49
• 2) 74
• 3) 51
• 4) 26
• 5) 100

12) On 18 July 2011, Atripariite agreement was signed between the Centre, West Bengal government and the Gorkha Janrriukti Moroha(GJM) paving the way for the setting up of the GTA en elected body tor the Darjeeling hills. GTA means ?

• 1) Gorkhalarld Terminal Administration
• 2) Gorkhaland Territorial Authority
• 3) Gorkha 'lime Administration
• 4) Gorkha Territorial Administration
• 5) Gorkhalend Territorial Administration

13) Shanghai Cooperation Organization Summit, 2011 details are given. Pick the wrong option ?

• 1) On 15 June 2011 the summit held in Astana ( capital of Kazakhstan)
• 2) China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan are the member states
• 3) The head quarters is Shanghai. Muratbek Sansyzbayevich tmanaliyev is the secretary General
• 4) India was removed as the member of SCO recently
• 5) The internal members Cooperation is the agenda of this summit

14) The oountry's first-ever socio-economic and caste Census to identity people living below poverty line (BPL) started on June 29, 2011 at tribal village ot Sankhola of ________ ?

• 1) Maharashtra
• 2) Andhra Pradesh
• 3) Jammu
• 4) Bihar
• 5) Tripura

15) Plastic Card of the banks do not include ?

• 1) Passport issued by Indian Government
• 2) Credit Card issued by SBI
• 3) Debit Card issued by ICICI
• 4) Pre-Paid Card issued by HSBC
• 5) ATM Card issued by foreign Banks

16) On 5 July 2011, $ 200 million granted by World Bank to strengthen panchayats and municipalities in ......... ?

• 1) Tamilnadu
• 2) Andhra Pradesh
• 3) Rajasthan
• 4) Uttar Pradesh
• 5) Kerala

17) Re framed National Plural Livelihood Mission (NRLM) got $ ibillion as credit to improve livelihood prospects in the country's rural economy from ........ ?

• 1) IMF
• 2) IDA
• 3) World Bank
• 4) IFC
• 5) ODA

18) ......... allocated more administrative and financial powers to panchayats to further strengthen Panchayati FlaInstitutions recently ?

• 1) Haryana
• 2) Himachal Pradesh
• 3) Tamilnadu
• 4) Sikkim
• 5) Delhi

19. ........ was nominated to the Nobel Peace Prize from India` to recognize his initiatives to bring peace among ethnic communities ot the north east ? .

• 1) Pope Bendict XIV ?
• 2) Thome Bendict XII
• 3) Thomas Menampararripil
• 4) Bendict Louis
• 5) None

20) Authors and Books given. Pick the wrong combination ?

• 1) Straight from the Haat - Bradman
• 2) Sunny Days - Gavaskar
• 3) It Cricket is a Fieligion, Sachin is God Vijay Santhanam
• 4) Wide Angie - Anil Kumble
• 5) Standing My Ground — Mathew Hayden

IBPS CLERKS EXAM GENERAL AWARENESS QUESTIONS

1. RBI’s open market operation transactions are carried out with a view to regulate ____
(A) Liquidity in the economy
(B) Prices of essential commodities
(C) Inflation
(D) Borrowing power of the banks
(E) All the above

Ans (E) 

2. Open market operations , one of the measures taken by RBI in order to control credit expansion in the economy me
Ans ____
(A) Sale or purchase of Govt. securities
(B) Issuance of different types of bonds
(C) Auction of gold
(D) To make available direct finance to borrowers
(E) None of these

Ans (A)

3. The bank rate me
Ans ___
(A) Rate of interest charged by commercial banks from borrowers
(B) Rate of interest at which commercial banks discounted bills of their borrowers
(C) Rate of interest allowed by commercial banks on their deposits
(D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
(E) None of these

Ans (D)

4. What is an Indian Depository Receipt?
(A) A deposit account with a Public Sector Bank
(B) A deposit account with any of depositories in India
(C) An instrument in the form of depository receipt created by an Indian depository against
underlying equity shares of the issuing company
(D) An instrument in the form of deposit receipt issued by an Indian depositories
(E) None of these

Ans (C)

5. Fiscal deficit is ____
(A) total income less Govt. borrowing
(B) total payments less total receipts
(C) total payments less capital receipts
(D) total expenditure less total receipts excluding borrowing
(E) None of these

Ans (D)

6. In the capital market , the term arbitrage is used with reference to ____
(A) purchase of securities to cover the sale
(B) sale of securities to reduce the loss on purchase
(C) simultaneous purchase and sale of securities to make profits from price
(D) variation in different markets
(E) Any of the above

Ans (C)

7. The stance of RBI monetary policy is _____
(A) inflation control with adequate liquidity for growth
(B) improving credit quality of the Banks
(C) strengthening credit delivery mechanism
(D) supporting investment demand in the economy
(E) Any of the above

Ans (E)

8. Currency Swap is an instrument to manage ___
(A) currency risk
(B) interest rate risk
(C) currency and interest rate risk
(D) cash flows in different currency
(E) All of the above

Ans (D)

9. "Sub-prime" refers to_______
(A) lending done by banks at rates below PLR
(B) funds raised by the banks at sub - Libor Rates
(C) Group of banks which are not rate as prime banks as per Banker's Almanac
(D) lending done by financing institutions including banks to customers not not meeting with
normally required credit appraisal standards
(E) All of the above

Ans (D)

10. Euro Bond is an instrument _____
(A) issued in the European market
(B) issued in Euro currency
(C) issued in a country other than the country of the currency of the Bond
(D) All of the above
(E) None of these

Ans (C)

11. Money laundering normally involves _____
(A) placement of funds
(B) layering of funds
(C) integrating of funds
(D) All of (A), (B) & (C)
(E) None of (A), (B) & (C)

Ans (D)

12. The IMF and the World Bank were conceived as institutions to ____
(A) strengthening international economic co-operation and to help create a more stable and
prosperous global economy
(B) IMF promotes international monetary cooperation
(C) The World Bank promotes long term economic development and poverty reduction
(D) All of (A),(B) & (C)
(E) None of (A),(B) & (C)

Ans (D)

13. Capital Market Regulator is _____
(A) RBI
(B) IRDA
(C) NSE
(D) BSE
(E) SEBI

Ans (e)

14. In the term BRICS , R stands for ______
(A) Romania
(B) Rajithan
(C) Russia
(D) Regulation
(E) Npne of these

Ans (C)

15. FDI refers to _____
(A) Fixed Deposit Interest
(B) Fixed Deposit Investment
(C) Foreign Direct Investment
(D) Future Derivative Investment
(E) None of these

Ans (C)

16. Which is the fist Indian company to be listed in NASDAQ?
(A) Reliance
(B) TCS
(C) HCL
(D) Infosys
(E) None of these

Ans (D)

17. Which of the following is the Regulator of the credit rating agencies in India?
(A) RBI
(B) SBI
(C) SIDBI
(D) SEBI
(E) None of these

Ans (D)

18. Who is Brand Endorsing Personality of Bank of Baroda?
(A) Juhi Chawala
(B) Kiran Bedi
(C) Amitabh Bachchan
(D) Kapil Dev
(E) None of these

Ans (E)

19. The Branding Line of Bank of Baroda is ____
(A) International Bank of India
(B) India's International Bank
(C) India's Multinational Bank
(D) World's Local Bank
(E) None of these

Ans (B)

20. The logo of Bank of Baroda is known as ___
(A) Sun of Bank of Baroda
(B) Baroda Sun
(C) Bank of Baroda's Rays
(D) Sunlight of Bank of Baroda
(E) None of these

Ans (B)

21. One of the major challenges banking industries is facing these days is money laundering. Which of the following acts/ norms are launched by the banks by the banks to prevent money laundering in general ?
(A) Know your customer norms
(B) Banking Regulation Act
(C) Negotiable Instrument Act
(D) Narcotics and Psychotropic Substance Act
(E) None of these

Ans (E)

22. Lot of Banks in India these days are offering M-Banking Facility to their customers . What is the full form of 'M' in 'M-Banking'?
(A) Money
(B) Marginal
(C) Message
(D) Mutual Fund
(E) Mobile Phone

Ans (E)

23. Which of the following is/are true about the "Sub-Prime Crisis" ? (The term was very much in news recently.)
(1) It is a Mortage Crisis referring to Credit default by the borrowers
(2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers
(3) This crisis originated of negligence in credit rating of the borrowers
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these

Ans (D)

24. Which of the following is NOT the part of the structure of the financial System in India ?
(A) Industrial Finance
(B) Agricultural Finance
(C) Government Finance
(D) Development Finance
(E) Personal Finance

Ans (E)

25. Which of the following is NOT the part of the Scheduled Banking structure in India ?
(A) Money Lenders
(B) Public Sector Banks
(C) Private Sector Banks
(D) Regional Rural Banks
(E) State Co-operative Banks

Ans (A)

26. As we all know Govt. of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Govt. ?
(1) Tax on Income
(2) Tax on Expenditure
(3) Tax on property or Capital Asset
(4) Tax on Goods and Services
(A) Both 1 and 3 only
(B) Both 2 and 4 only
(C) All 1,2,3 & 4
(D) Only 2,3 and 4
(E) None of these

Ans (C)

27. We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives ?
(1) To attract foreign investment directly
(2) To protect domestic market from direct competition from multinationals
(3) To provide more capital to agriculture and allied activities
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these

Ans (A)

28. Which of the following groups of the countries has almost 50% share in Global emission of carbon every year ?
(A) US, China, India, South Africa
(B) India, china, Russia , Britain
(C) South Africa, Nepal , Myanmar
(D) US, Russia, China & India
(E) None of these

Ans (D)

29. Many times we read about Future Trading in newspapers. What is Future Trading ?
(1) It is nothing but a trade between any two stock exchanges where in it is decided to purchase the stocks of each other on a fixed price throughout the year
(2) It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price

(3) It is agreement between Stock Exchanges that they will not trade the stocks of each other under any circumstances in future or for a given period of time
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 & 3
(E) None of these

Ans (B)

30. Hillary Clinton formally suspended her campaign to ensure election of who amongst the following for the next President of USA?
(A) George Bush
(B) Barack Obama
(C) John McCain
(D) Boll Clinton
(E) None of these

Ans (B)

31. Hugo Chavez whose name was recently in news is the _____
(A) President of Cango
(B) Prime Minister of Uganda
(C) President of Venezuela
(D) Prime Minister of Brazil
(E) None of these

Ans (C)

32. The Govt. of India has raised the amount of the loan Waiver to the farmers by 20%. Now the amount is nearly _____
(A) Rs. 60,000 crores
(B) Rs. 65,000 crores
(C) Rs. 72,000 crores
(D) Rs. 76,000 crores
(E) Rs. 80,000 crores

Ans (A)

33. Delimitation Commission has made a recommendation the next Census should be Panchayat-wise. When is the next Census due ?
(A) 2010
(B) 2011
(C) 2012
(D) 2013
(E) 2015

Ans (B)

34. The world Health Organization has urged that advertisements of which of the following should be banned to protect youth from bad effects of the same ?
(A) Tobacco
(B) Alcoholic drinks
(C) Junk Food
(D) Soft drinks with chemical preservatives
(E) None of these

Ans (A)

35. Which of the following countries has allocated a huge amount of US $ 10 billion to provide relief to its earthquake victims ?
(A) Japan
(B) South Korea
(C) China
(D) South Africa
(E) None of these

Ans (C)

36. Which of the foloowing names is NOT closely associated with space Programme of India or any other country ?
(A) CARTOSAT
(B) NLS-5
(C) RUBIN-8
(D) GSLV
(E) SCOPE

Ans (E)

37. Vijay Hazare Trophy is associated with game of _____
(A) Hockey
(B) Cricket
(C) Badminton
(D) Football
(E) Golf

Ans (B)

38. Which of the following was theme of the Olympic Torch ?
(A) Journey of Harmony
(B) Green World Clean World
(C) Journey of Peace
(D) Jouney of Hunger-free World
(E) None of these

Ans (A)

39. Which of the following schemes is NOT a social development Scheme ?
(A) Indira Awas Yojana
(B) Mid Day Meal
(C) Bharat Nirman Yojana
(D) Sarva Siksha Abhiyan
(E) All are Social Schemes

Ans (C)

40. Which of the following is NOT a member of ASEAN ?
(A) Maleysia
(B) Indonesia
(C) Vietnam
(D) Britain
(E) Singapore

Ans (D)

41. Which of the following awards are given for the excellence in the field of Sports ?
(A) Kalinga Prize
(B) Shanti Swarup Bhatnagar Award
(C) Arjun Award
(D) Pulitzer Award
(E) None of these

Ans (C)

42. Inflation in India is measured on which of the following indexes/indicators ?
(A) Cost of Living Index (COLI)
(B) Consumer Price Index (CPI)
(C) Gross Domestic Product (GDP)
(D) Wholesale Price Index (WPI)
(E) None of these

Ans (D)

51. As a policy to boost the agricultural sector in the country, the Govt. of India has taken several special measures over the years. Which of the following cannot be considered a measure/ measures which will have a direct impact(s) on the agricultural sector ?
1. Setting up of a National Food Processing Bank.
2. Opening irrigation, sanitation and water projects for development under public private participation.
3. Efforts to bring down fiscal deficit to 5.5 per cent level of GDP.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3

Ans : (C) 

52. The Govt. of India is plannning to bring a Second Green Revolution. This will be launched specifically for which of the following parts of the country ?
(A) North East and Eastern Regions
(B) Central India
(C) Jammu & Kashmir
(D) Tamil Nadu, Kerala and Andhra Pradesh
(E) None of these

Ans : (A)

3. As we all know, the limit of exemption on personal income tax has been raised by Rs. 10,000. Whenever a relief in direct taxes is given, the underlying motive is always to make money available for which of the following purposes ?
1. Savings
2. Investment for High returns
3. Personal Consumption
(A) Only 1
(B) Only 2
(C) Only 1 and 3
(D) Only 2 and 3
(E) None of these

Ans : (C)

54. As we know, a special scheme ‘One Village One Project’ is in vogue in some parts of our country and has proved a good incentive to boost the rural economy and the agricultural sector. Now the Govt. has decided to develop 60,000 villages to produce which of the following single crops as a major crop ?
(A) Pulses or Oilseeds
(B) Wheat or Bajra
(C) Sugar or Jute
(D) Sunflower or Rose flower
(E) None of these

Ans : (A)

5. The Govt. of India has decided to bring down the fiscal deficit from 6.6 per cent to the level of 5.5 per cent of the GDP so that it can meet growth targets well in time. This target of 5.5 per cent is to be achieved by the end of—
(A) January 2011
(B) March 2011
(C) December 2010
(D) January 2012
(E) None of these

Ans : (D)

56. Some economists and financial experts are of the opinion that the Finance Minister of India has done a good job by allocating a fairly good share of budget to ensure that the benefits of the growth also reach the poor and unorganized sectors of the society. What amount in terms of percentage has been allocated to various schemes of the social sector in the Union Budget 2010-11 ?
(A) 5%
(B) 7.5%
(C) 10%
(D) 12.5%
(E) None of these

Ans : (E)

57. Many people talk about the roll back of stimulus packages provided last year by the Govt. of India to help certain sectors. If these stimulus packages are rolled back, this would mean that—
1. those who have availed these benefits would be required to return them to the Govt. of India.
2. no such incentive would be available henceforth to these sectors.
3. all such benefits/incentives would be available to all the people across the country and will not be
restricted to some selected few.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) Only 2 and 3

Ans : (C)

58. In order to develop infrastructure in the country at a faster pace, the Govt. of India has
fixed some targets. In order to achieve this target, at present, how many kilometers of
highway is required to be constructed per day ?
(A) 5 km
(B) 10 km
(C) 15 km
(D) 20 km
(E) None of these

Ans : (D)

59. “South India will get K-G gas by 2012” was the news in a major financial newspaper. ‘K-G’ is the abbreviated name of which of the following ?
(A) Karnataka-Goa
(B) Kaveri-Ganga
(C) Krishna-Godavari
(D) Karnataka-Gulf
(E) None of these

Ans : (C)

60. Many a times, we read in newspapers that some big banks have revised their lending rates to make them dearer or cheaper. Though the decision to raise the lending rates is always in the hands of the banks normally they announce this decision of theirs—
1. immediately after the Union Budget is presented in the Lok Sabha every year.
2. when the RBI makes changes in its policy rates.
3. when the Monetary and Credit Policy of the RBI is reviewed periodically.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2 and 3
(E) All 1, 2 and 3

Ans : (C)

61. How much amount in cash is the Govt. of India planning to infuse in public sector banks, to strengthen their capital base this year ?
(A) Rs. 10,000 crore
(B) Rs. 12,500 crore
(C) Rs. 14,000 crore
(D) Rs. 16,500 crore
(E) None of these

Ans : (E)

62. As we all know, the rate of MAT has been increased from the present 15% to 18% with
effect from April 2010. What is the full form of MAT ?
(A) Maximum Alternate Tax
(B) Minimum Alternate Tax
(C) Minimum Affordable Tax
(D) Maximum Affordable Tax
(E) None of these

Ans : (B)

63. One of the headlines in a major financial newspaper recently was “Is Spain the next Greece or Italy or Portugal ?” What is the actual meaning of this headline because of which the author has been comparing Spain with the other three countries ?
(A) All these three countries have abandoned the membership of the European Union. Spain is also planning to do so
(B) All these three countries were the first to come out of recent global recession and that too within a short span of time. Spain is next in queue to declare itself free from the trouble
(C) These three nations are badly trapped in a situation where their economy is proceeding from bad to worse condition. Spain also appears to be in the same situation
(D) Greece, Itlay and Portugal have signed some special agreements with US and are availing stimulus packages to promote their exports to US on some specific terms. Spain is also willing to do the same
(E) None of these

Ans : (C)

64. Many times we read in newspapers that several companies are adopting the FCCBs route to raise capital. What is the full form of FCCBs ?
(A) Foreign Currency Convertible Bonds
(B) Foreign Convertible Credit Bonds
(C) Financial Consortium and Credit Bureau
(D) Future Credit and Currency Bureau
(E) None of these

Ans : (A)

65. The Govt. of India has asked all big companies and corporates to create a separate fund
for their ‘Corporate Social Responsibility Activities’. What is/are the purpose(s) of this
directive issued by the Govt. ?
1. To ensure that companies spend some money on social activities.
2. To bring tr
Ansparency in matters of financial tr
Ansactions and dealings by corporates.
3. To ensure that corporate entities do not get involved in non commercial activities in the name of social activities as they are required to spend money only on the welfare of the employees and their families.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these

Ans : (B)

66. Which of the following is an innovative mechanism adopted by banks to meet the targets fixed for lending to priority sector by the Banks ?
(A) Buying & Selling of Priority Sector Lending Certification
(B) Sale of Kisan Vikas Patra
(C) Inter Bank Participation Certificates
(D) Adoption of Core Banking Solution
(E) None of these

Ans : (C)

67. The Reserve Bank of India (RBI) recently announced a hike in some policy rates and also indicated that there may be another change in near future. Which of the following is/are considered a policy rate(s) in the hands of the RBI ?
1. Repo Rate
2. SLR
3. Inflation
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3

Ans : (D)

68. Zain, which was in news recently, is a company based in which of the following nations ?
(A) Kuwait
(B) South Africa
(C) UAE
(D) China
(E) None of these

Ans : (A)

69. Who amongst the following was awarded the prestigious ‘Moortidevi Award’ recently for his literary works ? (Awardee is a Minister in the Union Cabinet)
(A) Veerappa Moily
(B) Pranab Mukherjee
(C) P. Chidambaram
(D) Kapil Sibal
(E) None of these

Ans : (A)

70. The Indian Ministry of Agriculture has decided that despite good stocks of wheat and rice, India will not export the excess stocks. Which of the following may be the reason(s) owing to which the Ministry has taken this decision ?
1. Indian wheat and rice are not in much demand in foreign countries. Hence, very few are takers for the same.
2. The National Food Security Bill has a provision to provide 25 kg of wheat or rice to the families living below poverty line. A huge stock of grains will be needed for the same in near future.
3. Since most countries are still to recover from the global recession, a formula is being worked out where imports and exports will be compensated simply by exchange of commodities available with the countries. India is planning to use its food grain stocks for the same.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these

Ans : (B)

71. As per the reports published in various newspapers, RBI has asked banks to make a plan to provide banking services to all villages having a population of 2000. This directive issued by the RBI will fall in which of the following categories ?
(A) Plan for Financial Inclusion
(B) Efforts to meet the targets of Priority Sector Lending
(C) Extension of Relief Packages to the Farmers
(D) Extensions of Internal and Branchless Banking
(E) None of these

Ans : (A)

72. Which of the following is not a bank or finance company ?
(A) Barclays
(B) BNP Paribas
(C) Lufth
Ansa
(D) HSBC
(E) All are banks/finance companies

Ans : (C)

73. The Indian Railways is in the process of purchasing Bullet Train Technology from which of the following nations ?
(A) France
(B) China
(C) Japan
(D) Russia
(E) Spain

Ans : (C)

74. Some State Govts. have started a project ‘Save Snow Leopards’. Snow Leopards are found mainly in—
(A) Jammu & Kashmir
(B) Rajasthan
(C) Kerala
(D) Punjab
(E) Tamil Nadu

Ans : (A)

75. India recently signed an agreement for an ‘Action Plan to Advance Security Cooperation’ with which of the following nations ?
(A) China
(B) Bangladesh
(C) Pakistan
(D) Nepal
(E) Japan

Ans : (E)

76. Sanya Richards who was named as the IAAF World Athlete of 2009 represents which of the following countries ?
(A) Jamaica
(B) Kenya
(C) France
(D) Britain
(E) USA

Ans : (E)

77. Who amongst the following was adjudged the European Footballer of the year 2009 ?
(A) Roberto Baggio
(B) Edger Davids
(C) Xavi Hamandez
(D) Cristiano Ronaldo
(E) Lionel Messi

Ans : (E)

78. The latest nuclear power reactor of India recently attained criticality at Rawatbhata. Rawatbhata is a place in—
(A) Uttar Pradesh
(B) Madhya Pradesh
(C) Uttarakhand
(D) Orissa
(E) Rajasthan

Ans : (E)

79. Who amongst the following has recently received the Highest Civilian Honour of France ?
(A) Kareena Kappor
(B) A. R. Rahman
(C) Javed Akhtar
(D) Lata Mangeshkar
(E) None of these

Ans : (D)

80. Who amongst the following represented India at the 15th United Nations Climate Change Conference 2009 held in Copenhagen ?
(A) Smt. Sonia Gandhi
(B) Smt. Pratibha Patil
(C) Dr. Manmohan Singh
(D) Smt. Meira Kumar
(E) None of these

Ans : (C)

81. Three Indian sportsmen, C. Raju Srither, I.R. Sanam and Ratan Singh recently went to Indonesia and won Gold Medals in one of the events. All three are associated with which of the following sports ?
(A) Weightlifting
(B) Rifle Shooting
(C) Swimming
(D) Golf
(E) Archery

Ans : (E)

82. A two-day meeting of the South Asian Association for Regional Cooperation (SAARC) was organized recently in—
(A) Thimpu
(B) Islamabad
(C) Kabul
(D) Dhaka
(E) New Delhi

Ans : (A)

83. By nominating its Ambassador to which of the following countries after a gap of five years has the USA established its diplomatic relation with it ?
(A) Syria
(B) Iran
(C) Iraq
(D) China
(E) None of these

Ans : (A)

84. Which of the following organizations/ agencies is providing a US $ 850 million loan to India for the development of its infrastructure and Khadi industry ?
(A) World Bank
(B) European Union Finance Corporation
(C) Asian Development Bank
(D) Govt. of South Africa
(E) None of these

Ans : (C)

86. The census in India is done after a gap of every—
(A) 5 years
(B) 10 years
(C) 12 years
(D) 15 years
(E) None of these

Ans : (B)

87. Pankaj Advani won which of the following titles in the year 2009 ?
(A) Asian Games Gold Medal
(B) Asian Billiards Championship
(C) WSA Challenge Tour
(D) World Professional Billiards Championship
(E) None of these

Ans : (D)

88. Which of the following awards is given for Excellence in the field of sports ?
(A) Kalinga Award
(B) Golden Pen Award
(C) Arjuna Award
(D) Bharat Ratna
(E) None of these

Ans : (C)

89. Which of the following states started ‘April Mandis’ project in all districts of the state to ensure the supply of vegetables and fruits at fair prices ?
(A) Gujarat
(B) Uttar Pradesh
(C) Haryana
(D) Delhi
(E) None of these

Ans : (C)

90. Which of the following terms is not used in Economics ?
(A) Balanace of Trade
(B) Centrifugal force
(C) Break even
(D) Fiscal Deficit
(E) Capital Account

Ans : (B)

91. The Indira Gandhi Peace Prize 2009 was given to the President of—
(A) Fiji
(B) Bhutan
(C) Nepal
(D) Bangladesh
(E) None of these

Ans : (D)

92. The Govt. of India recently launched the Jawaharlal Nehru National Solar Mission. This mission is one of the key missions on India’s National Action Plan on—
(A) Second Green Revolution
(B) Climate Change
(C) Recharging of Water bodies
(D) Electricity to all
(E) None of these

Ans : (B)

93. Voting in local bodies elections is compulsory in which one of the following states ?
(A) Delhi
(B) Maharashtra
(C) Kerala
(D) Gujarat
(E) None of these

Ans : (D)

94. India’s exports of which of the following to USA has been growing at a fast pace despite the global slowdown and recession ?
(A) Handicrafts and Carpets
(B) Textiles and Clothing
(C) Horticultural products
(D) Foodgrains
(E) Services

Ans : (E)

95. Russia recently agreed to resume import of natural gas from which of the following countries after a gap of about a month following a dispute over prices of the same ?
(A) Iran
(B) Turkmenistan
(C) China
(D) Kazakhstan
(E) N. Korea

Ans : (B)

96. India recently signed an agreement for cooperation in the field of nuclear power for civil purposes. This agreement is free from any restrictions on India. India signed this agreement with—
(A) France
(B) Germany
(C) USA
(D) Canada
(E) Russia

Ans : (E)

97. ‘Between the Assassinations’ is a book written by—
(A) Chetan Bhagat
(B) Kiran Desai
(C) Shobha De
(D) Vikram Seth
(E) Arvind Adiga

Ans : (E)

8. Which of the following prizes/ awards is not given for Excellence in the field of Literature ?
(A) Dronacharya Award
(B) Aga Khan Prize for Fiction
(C) Commonwealth Award
(D) Nobel Prize
(E) Man Booker Prize

Ans : (A)

99. Which of the following terms is not used in the game of Hockey ?
(A) Centre
(B) Downswing
(C) Drop pass
(D) Goal line
(E) Blue line

Ans : (B)

100. ‘Invisible’ is a novel written by—
(A) Vikram Seth
(B) Chetan Bhagat
(C) Anita Desai
(D) Meghnad Desai
(E) Paul Auster

Ans : (E)