1. World Trade Organization's (WTO) 9th Ministerial Conference is to be held in December, 2013. Where is it to be held?
a) Bali, Indonesia
b) Cancun, Mexico
c) Geneva, Switzerland
d) Hongkong
e) None of the above
2. In August, 2013, Govt of India set up a 7 member panel to revisit Tax laws and to recommend measures for a stable tax administration. Who heads the panel?
a) Naina Lal Kidwai
b) Bimal Jalan
c) Parthasarathi Shome
d) Dr Y V Reddy
e) None of the above
3. Which of the following is NOT a Direct Tax?
a) Income Tax
b) Corporation Tax
c) Property Tax
d) Gift Tax
e) Service Tax
4. Open Market Operations are carried out by RBI to
a) Lend money to State Governments
b) Shore up the Rupee value
c) Adjust Market Liquidity and thereby controlling money supply
d) To bring down Gold prices
e) None of the above.
5. 'Laissez-faire' in economic parlance means
a)Totally controlled market
b) Completely free market
c) Capitalistic market
d) Monopolistic market
e) None of the above
6. What is a Debt Fund?
a) Mutual Fund that invests in Fixed Income Securities like Bonds & Treasury bills
b) Mutual Fund that invests only in Shares and Equities
c) Mutual Fund that invests only in Infrastructure Bonds
d) Mutual Fund that invests only in long term Deposits
e) None of the above
7. Find the 'odd man out' of the following.
a) Certificate of Deposit
b) Term Deposit
c) Savings Bank Deposit
d) Commercial Paper
e) Capital Gains Deposit
8. What is NOT true with regard to TDS (Tax Deducted at Source) on Interest on Bank
Deposits for the Financial Year 2013-14?
a) TDS is done when interest on all the FDs of a Customer crosses Rs. 10000/- per year
b) TDS is not done for interest on Tax Saving FDs
c) TDS is done at the rate of 10% on the total Interest
d) TDS is not done on interest from Savings Bank Accounts
e) None of the above
9. Current Foreign Trade Policy (Exim Policy) covers the period
a)2013-18
b) 2012-17
c) 2010-15
d) 2011-16
e) 2009-14
10. Ben Bernanke is the Chairman of USA's Central Bank, 'Federal Reserve'. Who will
succeed him?
a) Janet Yellen
b) Christine Lagarde
c) Oliver Kahn
d) John Kerry
e) None of the above
11. While Indian Railways is the largest Public Sector Employer in India, who is the largest Private Sector Employer in India?
a) Reliance Industries
b) Infosys
c) Wipro
d) TCS
e) None of the above
12. Which State in India has the highest Per Capita Income?
a) Goa
b) Punjab
c) Karnataka
d) Tamilnadu
e) Haryana
13. As per the latest Companies Act, what is the minimum number of member's required
to form a Public Limited Company?
a) 1
b) 50
c) 7
d) 2
e) 10
14. Regional Rural Banks(RRBs) are owned by
a) Only RBI and Sponsor Bank
b) Only Govt of India and Sponsor Bank
c) Only Sponsor Bank, Govt of India and State Government concerned
d) Only Sponsor Bank and State Government concerned
e) None of the above
15. Davos in Switzerland is famous for Annual meeting of World Business leaders,Politicians and thought leaders. Which organization conducts this meeting?
a) World Economic Forum - A Swiss Non-profit Foundation
b) World Bank
c) International Monetary Fund
d) World Trade Organization
e) None of the above
16. What is 'Deficit Financing'?
a) Lending of money by Banks to companies with losses
b) Practice in which a government spends more money than it receives as revenue
c) Lending of money by RBI to State Governments
d) Lending of money by World Bank to Poor countries
e) None of the above
17. Who is the author of 'Das Kapital' which is a critical analysis of Political Economy?
a) Maxim Gorky
b) Karl Marx
c) Leo Tolstoy
d) Amartya Sen
e) None of the above
18. The 'Bharatiya Mahila Bank' the first nationalised bank for women will have a Seed
Capital of Rupees
a)500 Crores
b) 5000 Crores
c) 100 Crores
d) 1000 Crores
e) None of the above
19. JNNURM (Jawaharlal Nehru National Urban Renewal Mission) is a Govt. of India
scheme for?
a) Urban Employment
b) Urban Finance
c) Urban Education
d) Urban Development & Modernization
e) 'a', 'b' & 'c' of the above
20. Which Country is the largest producer of Wheat in the world?
a) India
b) USA
c) Peoples Republic of China
d) Russia
e) None of the above
21. The first NBFC (Non Banking Financial Company) to be converted into a Bank in
India is
a)Kotak Mahendra Finance Ltd. in 2003
b) Reliance Finance Ltd. in 2005
c) L&T Finance Ltd. in 2008
d) Shriram Finance Ltd. in 2006
e) None of the above
22. What is 'Operation Flood'?
a) Flood Control Program of Govt. of India
b) River Linking Project of Govt. of India
c) Dairy Development Project of NDDB(National Dairy Development Board)
d) Irrigation Development Plan of Govt. of India
e) None of the above
23. What is the Target set for Farm Credit in Union Budget for 2013-14?
a) Rs 7,00,000 Crore
b) Rs 5,00,000 Crore
c) Rs 5,75,000 Crore
d) Rs 3,00,000 Crore
e) None of the above
24. What is 'Financial Inclusion'?
a) Delivery of Banking Services at affordable cost
b) Providing Banking Services to the vast sections of disadvantaged and low income
groups
c) Availability of Banking and payment services to entire population without
discrimination
d) All the 3 above
e) None of the above
25. How much amount is earmarked approximately for capital infusion in to Public Sector
Banks in FY 2013-14?
a) Rs. 14,000 Crores
b) Rs. 10,000 Crores
c) Rs. 20,000 Crores
d) Rs. 18,000 Crores
e) None of the above
26. The threshold for cash transactions to be monitored by Banks as per RBI guidelines isa)
Rs. 50 Lakh
b) Rs. 10 Lakh
c) Rs. 5 Lackh
d) Rs.50,000
e)Rs. 25,000
27. On 10th October, 2013 a group member organisation of the World Bank has launched
Bonds worth US $ 1 billion linked to Rupee for boosting investments in India. Name
this organization.
a) International Monetary Fund (IMF)
b) International Finance Corporation (IFC)
c) Asian Development Bank (ADB)
d) United Nations Development Programme (UNDP)
e) None of the above
28. National Bank for Agriculture and Rural Development (NABARD) is established in
July, 1982 as per recommendations of Committee headed by
a)Narasimhan
b) Saraf
c) Rangarajan
d) Sivaraman
e) Bimal Jalan
29. What is the name of the trade Association of IT & BPO companies in India?
a) NASSCOM
b) FICCI
c) CII
d) AIMA
e) ASSOCHAM
30. Name the Bank which has recently announced 'eKYC' facility to open Savings and
Loan accounts based on just Aadhar and Finger prints scan for New Customers.
a) HDFC Bank
b) SBI
c) Axis Bank
d) IDBI Bank
e) Punjab National Bank
31. RBI guidelines require Banks to roll out more secured 'Chip+ PIN' Debit/Credit cards
to their customers. What is the deadline set by RBI for this?
a) November 30th, 2013
b) December 31st, 2013
c) March 31st, 2014
d) September 30th, 2013
e) None of the above
32. Which Sector contributed maximum to GDP of India as per Economic Survey 2012-13?
a) Industrial
b) Services
c) Agriculture
d) Infrastructure
e) None
33. What is 'Employee Attrition'?
a) Employees filing suits against their Employers
b) Employees filing suits against each other
c) Employees striking work
d) Employer loosing Employees through resignation/retirement/retrenchment
e) None of the above
34. Rs. 2058 Crore Jet-Etihad deal is the largest Foreign investment in Indian Aviation
Sector so far. Where is the Etihad headquarters is located?
a) Dubai
b) Muscat, Oman
c) Kuwait
d) Singapore
e) Abu Dhabi
35. Which company is the World's largest Steel manufacturer?
a) Nippon Steel, Japan
b) Arcelor Mittal, Luxemborg
c) POSCO, South Korea
d) Tata Steel, India
e) None of the above
ANSWERS:
1) a 2) c 3) e 4) c 5) b 6) a 7) d 8) e 9) e 10) a
11) d 12) a 13) c 14) c 15) a 16) b 17) b 18) d 19) d 20) c
21) a 22) c 23) a 24) d 25) a 26) b 27) b 28) d 29) a 30) c
31) a 32) b 33) d 34) e 35) b
a) Bali, Indonesia
b) Cancun, Mexico
c) Geneva, Switzerland
d) Hongkong
e) None of the above
2. In August, 2013, Govt of India set up a 7 member panel to revisit Tax laws and to recommend measures for a stable tax administration. Who heads the panel?
a) Naina Lal Kidwai
b) Bimal Jalan
c) Parthasarathi Shome
d) Dr Y V Reddy
e) None of the above
3. Which of the following is NOT a Direct Tax?
a) Income Tax
b) Corporation Tax
c) Property Tax
d) Gift Tax
e) Service Tax
4. Open Market Operations are carried out by RBI to
a) Lend money to State Governments
b) Shore up the Rupee value
c) Adjust Market Liquidity and thereby controlling money supply
d) To bring down Gold prices
e) None of the above.
5. 'Laissez-faire' in economic parlance means
a)Totally controlled market
b) Completely free market
c) Capitalistic market
d) Monopolistic market
e) None of the above
6. What is a Debt Fund?
a) Mutual Fund that invests in Fixed Income Securities like Bonds & Treasury bills
b) Mutual Fund that invests only in Shares and Equities
c) Mutual Fund that invests only in Infrastructure Bonds
d) Mutual Fund that invests only in long term Deposits
e) None of the above
7. Find the 'odd man out' of the following.
a) Certificate of Deposit
b) Term Deposit
c) Savings Bank Deposit
d) Commercial Paper
e) Capital Gains Deposit
8. What is NOT true with regard to TDS (Tax Deducted at Source) on Interest on Bank
Deposits for the Financial Year 2013-14?
a) TDS is done when interest on all the FDs of a Customer crosses Rs. 10000/- per year
b) TDS is not done for interest on Tax Saving FDs
c) TDS is done at the rate of 10% on the total Interest
d) TDS is not done on interest from Savings Bank Accounts
e) None of the above
9. Current Foreign Trade Policy (Exim Policy) covers the period
a)2013-18
b) 2012-17
c) 2010-15
d) 2011-16
e) 2009-14
10. Ben Bernanke is the Chairman of USA's Central Bank, 'Federal Reserve'. Who will
succeed him?
a) Janet Yellen
b) Christine Lagarde
c) Oliver Kahn
d) John Kerry
e) None of the above
11. While Indian Railways is the largest Public Sector Employer in India, who is the largest Private Sector Employer in India?
a) Reliance Industries
b) Infosys
c) Wipro
d) TCS
e) None of the above
12. Which State in India has the highest Per Capita Income?
a) Goa
b) Punjab
c) Karnataka
d) Tamilnadu
e) Haryana
13. As per the latest Companies Act, what is the minimum number of member's required
to form a Public Limited Company?
a) 1
b) 50
c) 7
d) 2
e) 10
14. Regional Rural Banks(RRBs) are owned by
a) Only RBI and Sponsor Bank
b) Only Govt of India and Sponsor Bank
c) Only Sponsor Bank, Govt of India and State Government concerned
d) Only Sponsor Bank and State Government concerned
e) None of the above
15. Davos in Switzerland is famous for Annual meeting of World Business leaders,Politicians and thought leaders. Which organization conducts this meeting?
a) World Economic Forum - A Swiss Non-profit Foundation
b) World Bank
c) International Monetary Fund
d) World Trade Organization
e) None of the above
16. What is 'Deficit Financing'?
a) Lending of money by Banks to companies with losses
b) Practice in which a government spends more money than it receives as revenue
c) Lending of money by RBI to State Governments
d) Lending of money by World Bank to Poor countries
e) None of the above
17. Who is the author of 'Das Kapital' which is a critical analysis of Political Economy?
a) Maxim Gorky
b) Karl Marx
c) Leo Tolstoy
d) Amartya Sen
e) None of the above
18. The 'Bharatiya Mahila Bank' the first nationalised bank for women will have a Seed
Capital of Rupees
a)500 Crores
b) 5000 Crores
c) 100 Crores
d) 1000 Crores
e) None of the above
19. JNNURM (Jawaharlal Nehru National Urban Renewal Mission) is a Govt. of India
scheme for?
a) Urban Employment
b) Urban Finance
c) Urban Education
d) Urban Development & Modernization
e) 'a', 'b' & 'c' of the above
20. Which Country is the largest producer of Wheat in the world?
a) India
b) USA
c) Peoples Republic of China
d) Russia
e) None of the above
21. The first NBFC (Non Banking Financial Company) to be converted into a Bank in
India is
a)Kotak Mahendra Finance Ltd. in 2003
b) Reliance Finance Ltd. in 2005
c) L&T Finance Ltd. in 2008
d) Shriram Finance Ltd. in 2006
e) None of the above
22. What is 'Operation Flood'?
a) Flood Control Program of Govt. of India
b) River Linking Project of Govt. of India
c) Dairy Development Project of NDDB(National Dairy Development Board)
d) Irrigation Development Plan of Govt. of India
e) None of the above
23. What is the Target set for Farm Credit in Union Budget for 2013-14?
a) Rs 7,00,000 Crore
b) Rs 5,00,000 Crore
c) Rs 5,75,000 Crore
d) Rs 3,00,000 Crore
e) None of the above
24. What is 'Financial Inclusion'?
a) Delivery of Banking Services at affordable cost
b) Providing Banking Services to the vast sections of disadvantaged and low income
groups
c) Availability of Banking and payment services to entire population without
discrimination
d) All the 3 above
e) None of the above
25. How much amount is earmarked approximately for capital infusion in to Public Sector
Banks in FY 2013-14?
a) Rs. 14,000 Crores
b) Rs. 10,000 Crores
c) Rs. 20,000 Crores
d) Rs. 18,000 Crores
e) None of the above
26. The threshold for cash transactions to be monitored by Banks as per RBI guidelines isa)
Rs. 50 Lakh
b) Rs. 10 Lakh
c) Rs. 5 Lackh
d) Rs.50,000
e)Rs. 25,000
27. On 10th October, 2013 a group member organisation of the World Bank has launched
Bonds worth US $ 1 billion linked to Rupee for boosting investments in India. Name
this organization.
a) International Monetary Fund (IMF)
b) International Finance Corporation (IFC)
c) Asian Development Bank (ADB)
d) United Nations Development Programme (UNDP)
e) None of the above
28. National Bank for Agriculture and Rural Development (NABARD) is established in
July, 1982 as per recommendations of Committee headed by
a)Narasimhan
b) Saraf
c) Rangarajan
d) Sivaraman
e) Bimal Jalan
29. What is the name of the trade Association of IT & BPO companies in India?
a) NASSCOM
b) FICCI
c) CII
d) AIMA
e) ASSOCHAM
30. Name the Bank which has recently announced 'eKYC' facility to open Savings and
Loan accounts based on just Aadhar and Finger prints scan for New Customers.
a) HDFC Bank
b) SBI
c) Axis Bank
d) IDBI Bank
e) Punjab National Bank
31. RBI guidelines require Banks to roll out more secured 'Chip+ PIN' Debit/Credit cards
to their customers. What is the deadline set by RBI for this?
a) November 30th, 2013
b) December 31st, 2013
c) March 31st, 2014
d) September 30th, 2013
e) None of the above
32. Which Sector contributed maximum to GDP of India as per Economic Survey 2012-13?
a) Industrial
b) Services
c) Agriculture
d) Infrastructure
e) None
33. What is 'Employee Attrition'?
a) Employees filing suits against their Employers
b) Employees filing suits against each other
c) Employees striking work
d) Employer loosing Employees through resignation/retirement/retrenchment
e) None of the above
34. Rs. 2058 Crore Jet-Etihad deal is the largest Foreign investment in Indian Aviation
Sector so far. Where is the Etihad headquarters is located?
a) Dubai
b) Muscat, Oman
c) Kuwait
d) Singapore
e) Abu Dhabi
35. Which company is the World's largest Steel manufacturer?
a) Nippon Steel, Japan
b) Arcelor Mittal, Luxemborg
c) POSCO, South Korea
d) Tata Steel, India
e) None of the above
ANSWERS:
1) a 2) c 3) e 4) c 5) b 6) a 7) d 8) e 9) e 10) a
11) d 12) a 13) c 14) c 15) a 16) b 17) b 18) d 19) d 20) c
21) a 22) c 23) a 24) d 25) a 26) b 27) b 28) d 29) a 30) c
31) a 32) b 33) d 34) e 35) b
