Note: Answers are shown in BOLD letters
1. The Indian Companies Act came into existence in:
(a)1981 (b)1956
(c)1975 (d)1991
2 Entrepreneurship is related to:
(a)a technique (b)an attitude
(c)a process (d)a person
3 Factors of production are also known as:
(a)Outputs (b) Inputs
(c)Goods (d) Services
4 The cheapest source of finance is:
(a)Debentures (b) Equity share capital
(c)Preference share (d)retained earnings
5 Which of the following does not characterize business activity?
(a)an economic activity (b) sale of goods and services
(c) Salary or wage (d) presence of risk
6 In a cooperative society, the voting principle is:
(a)One person one vote (b) There is no voting
(c)One share one vote (d) multiple votes per person
7 Engineering and business schools are monitored and accredited by the:
(a)ICSSR (b) AICTE
(c)UGC (d) AIIM
8 The minimum number of members in a public company is:
(a)Two (b) Five
(c)Seven (d) Twenty
9 ‘Agmark’ is a symbol of purity and quality of
(a)Medicines (b) Cosmetics
(c)Food products (d) Woolens
10 World bank is also known as:
(a)IBRD (b) IMF
(c)IDA (d) none of these
11 SEZ stands for:
(a)South East Zone (b) Special Economic Zone
(c) Special Electronic Zone (d) none of these
12 ASEAN stands for:
(a)Asian and south-East Asian Nations (b) Association of South - East Asian Nations
(c) Association of South and East Asian Nations (d) none of these
13 How much percentage of the total time deposits of the banks is locked as Statutory Liquidity
Reserve (SLR)?
(a)10% (b)6%
(c)25% (d)20%
14. As per the target fixed under PM’s Employment Generation Programme how many
employments are generated in Small and Medium sectors by the year 2011-12?
(a)10 lakhs (b)20 lakhs
(c) 27 lakhs (d) 37 lakhs
15. Which of the following Organizations is not associated with the financial, banking sector in
India?
(a)NABARD (b)BSE
(c)ISRO (d) ECGC
16. Which one of the following is the target fixed for fiscal deficit in the year 2010-2011?
(a)3.5% (b)4.0%
(c) 5.5% (d) 5.0%
17. Which of the following countries became the third largest producer of steel in the world in
2009?
(a)China (b) India
(c) USA (d) Japan
18. What is the minimum number of members required for the registration of a cooperative
Society?
(a)Five (b) Eight
(c) Ten (d) Twenty
19. What is the maximum number of members for a cooperative Society?
(a)20 (b)25
(c)40 (d) none of these
20. What is the maximum number of partners permissible for a firm conducting general
Business?
(a) Ten (b)Twenty
(c) Seven (d) Fifty
21. What is the maximum number of partners permissible for a firm conducting banking
Business?
(a)Ten (b) Twenty
(c) Seven (d) Fifty
22. The Indian partnership Act came in to existence in:
a)1931 (b)1956
(c)1957 (d)1932
23. The manager of Hindu Undivided Family is called the--------------
(a)Coparcener (b)Karta
(c)Member (d)Senior
24. IIP Stands for
(a)Indian Index for Production (b)Indian Industrial Production
(c)Index of Industrial Production (d)None of these
25.’Prima’ is a newly launched
(a)Car (b) tractor
(c) Truck (d)motor-cycle.
26. Currently, the shares of agriculture, industry and services sectors in India’s Gross Domestic
Product(GDP) are about:
(a)51:34:15 respectively (b)35:40:25 respectively
(c)18:28:54 respectively (d)None of these
27.Kudumbashree project for poverty reduction was launched on
(a)17th may 1998 (b) 2nd October 1998
(c)15th august 1998 (d)1st Jan 1998
28 The term ‘invisible trade’ is used in connection with:
(a)Illegal trade (b)Trade in services
(c)Trade in endangered species (d)None of these
29. Wall street, which is associated with stock market, is located in:
( a)Kolkata (b) Mumbai
(c)London (d) New York
30. Which is the largest Oil exporting country in the world?
( a)UAE (b)Saudi Arabia
(c)Iran (d)Iraq
31. A part of profits of the company that is used as capital is known as
(a)retained earnings (b)public deposits
(c)Shares (d) debentures
32. Long term loans from the public is called.
(a) retained earnings)r (b)public deposits
(c)Shares (d)debentures
33. Requirements of working capital depends upon:
(a)Size of the business (b) credit policy adopted
(c) Operating cycle involved (d)all the above
34. The Securities and Exchange Board of India was given statutory powers as on
(a)Jan 30,1991 (b)Jan.30,1992
(c)Oct.2,1991 (d)May 31,1992
35. Local Area Banks (LABs) shall be registered as:
(a)Public Limited Companies under the companies Act 1956
(b)Private Limited Companies under the RBI Act
(c) Private Limited Companies under Banking Regulation Act, 1949
(d)Section 25 Companies under the Companies Act 1956
36. Who fixes the share capital of State Financial Corporations?
(a)RBI (b) Respective State Governments
(c)Commerce Ministry of the GOI (d)Ministry of Finance of the GOI
37. LAF stands for
(a) Lending Account Facility (b)Lending and follow-up
(c)Linearly Adjustable Facility (d)Liquidity Adjustment Facility
38 Sivasamudram Hydro Electric Project is situated in
(a)Kerala (b)Tamil Nadu
(c) Karnataka (d) Orissa
39.Which of the Muslim rulers introduced the price control system for the first time in India?
(a)Qutb-ud-Din Aibak (b)Sher Shah suri
(c)Ala-ud-Din Khalji (d)Babar
40.A government company refers to one in which:
(a)The entire share capital is held by the central and/or state government.
(b)50% of the capital is held by the central government and the remaining 50% by one
or more state governments.
(c)At least 51% of the paid-up capital is held by the central and/or state governments.
(d)At least 49% of the paid-up capital is held by the central and/or state governments
41. The maximum number of members in a private limited company is-------------
(a)50 (b)20 (c) 7 (d) 10
42.In Network analysis a situation where an activity other than starting or ending which do not
have a successor event is called:-
(a)Float (b) Dangling (c) Dummy (d) Looping
43. What is PERT?
(a)Program Evaluation and Review Theory.
(b) Program Evaluation and Review Technique.
(c) Project Evaluation and Review Technique
(d) Progress Evaluation and Review Technique
44.An unbroken chain of activity arrows in a network which connects the initial event to some
Other event is called:-
(a) A node(b)A dummy activity
(c) A project (d)A path
45.Identify a state where the Hindu Undivided family belongs to the Dayabhaga School:-
(a)Bengal (b) Maharashtra
(c) Bihar (d) Uttar Pradesh
46. Which one of the following is not a banking system?
(a)Brand Banking (b) Unit Banking
(c) Chain Banking (d) Group Banking
47. Lead Bank system was introduced by:-
(a)Commercial banks (b) Nationalized banks
(c)RBI (d) Scheduled banks
48.What is D.F.H.I ?
(a)Demand and Finance House of India Limited
(b)Deposit and Finance House of India Limited
(c)Development and Financial Housing Institution
(d)Discount and Finance House of India Limited
49. Critical Path Method is a:-
(a)Planning Technique (b)Organizing Technique
(c)Budgeting Technique (d) Control Technique
50.The primary goal of a nonprofit enterprise is.
(a)Earning profit
(b) Distributing profit to shareholders
(c)Establishing religious institutions
(d)Welfare of the society
51.Disinvestment of is used to denote:
(a) Liberalization (b)Globalization
(c)Privatization (d)Industrialization
52.FDI means
(a) Financial Development of India
(b)Foreign Direct Investment
(c)Finance Department of India
(d)Futures and Derivatives in India
53.The new economic policy of India(L.P.G) was announced in-----------------
(a)1990 (b)1991
(c) 2000 (d) 2001
54.A s per the instructions given by the RBI, now all banks are required to provide which of
the
following in all its branches mandatorily?
(a)Note sorting machines
(b)Special Counters for Senior Citizen
(c) Special Counters for Women Customers
(d)Service sector
55. Which of the following countries is helping India in the construction of Nuclear power
stations across the country in a big way?
(a)USA (b)Germany
(c)Brazil (d)Iran
56. Which of the following countries is at the top of the list of nations having maximum quantity
of Gold with them?
(a)India (b)China
(c)Russia (d)USA
57.Which of the following terms is not used in the field of Banking& Finance?
a)Overdraft (b)Base Line
c)RTGS (d)GBC
58. As per the new Foreign Trade Policy the annual growth of growth of export should increase
by which of the following levels by 2011?
(a)10% ( b)15%
(c)25% (d)12%
59. The concept of sustainable development relates to
(a)Consumption level
(b)Exhaustible resources
(c)social equity
(d)Integrational equity
60. The major thrust of Jawahar Rozgar Yojna(JRY) is on
a) Removal of poverty among the Scheduled Castes in rural areas
(b) Creating additional wage employment opportunities in rural areas.
(c)Creating employment opportunities in urban areas
(d)Providing training to rural youth for self-employment.
61. The Government of India has set up a special group to devise a long term pricing formula, so
that it can cope up with the prevailing global volatility in the prices of which of the following
Commodities?
(a)sugar (b)paddy
(c)Crude oil &Petroleum (d)Gold
62. Which of the following is not included in the core sectors of Indian economy?
(a) Transport (b)Steel
(c)Coal (d)Electricity
63. Many times we see a term ‘PPP’ in financial newspapers. One full form of it is “private public
partnership”. What is another version of the same also used in the financial world?
(a)Perfect, preferred &protected. (b)Point to Point Protocol
(c)Power point Presentation (d)Purchasing Power Parity
64. Which of the following is one of the most successful programmes under Bharath Nirman ?
(a)Pradhan Mantri Gram Sadak Yojana (b)Watershed Development Scheme
(c)Indira Awas Yojana (d)Rajiv Gandhi Grameen Vidyutikaran Yojana
65 What is/are the major roles of “Banking Ombudsman”?
A)Banking Ombudsman is a quasi judicial authority having powers to summon the banks
and the customers both in case of dispute.
B)The banking Ombudsmen are appointed by the president of India and are retired
judges of the High or Supreme Courts.
C)The decisions/Judgments given by the Banking Ombudsman cannot be taken to any
court of justice as their decisions are last in case of bank related problems/disputes.
(a)Only A (b) Only B
(c) Only C (d) All A,B and C
66.Which of the following pairs of countries are the signatories of a Gas Pipeline Deal christened
as peace pipeline?
(a)Iran-Iraq (b)Iraq-UAE
(c)Kuwait-Iran (d)Pakistan-India
67. Which of the following countries is at the top of the “World Green Index” complied by the
America’s “National Geographic Society” and also through an international polling from
‘Global scan’?
(a)South Africa (b)China
(c)USA (d)India
68.The letter ‘D’ stands for which of the following in the abbreviated name OECD?(Organisation
of Economic Cooperation and----------)
(a)Defense (b)Dominance
(c)Development (d)Direction
69. Which of the following is the Bank Rate at present?
(a)6% (b)6.25%
(c)5% (d)5.25%
70. Which of the following is the Repo Rate at present?
(a)3.25% (b)6.25%
(c)5% (d)6%, answer 6.5%
71. Which of the following is the Reverse Repo Rate at present?
(a)5.25% (b)6.25% (c)6% (d)25%, answer 5.5%
72. Which of the following is the Cash Reserve Ratio(CRR) at present?
(a)3.25% (b)6.25%
(c)25% (d)6.0%
73. Which of the following is the Prime Lending Rate at present?
(a)10.25-10.5% (b)11.25-11.5%
(c)12.25-12.5% (d)13.25-13.5%
74. Global warming is expected to result in:-
(a) Increase in level of sea (b)change in crop pattern
(c) Change in coast line (d)All of the above
75.Who is the Ex-officio Chairman of the Planning Commission ?
(a)Minister for planning & Development (b) Finance minister
(c)Prime minister (d) Minister for Rural &Community Development
76. Which one of the following would not constitute an economic activity?
(a)A teacher teaching students in his class
(b)A teacher teaching students under Sarva Shiksha Abhiyan
(c) A teacher providing consultancy services from his residence
(d)A teacher teaching his own daughter at home.
77. As per the Industrial Development Report 2009 India’s rank in Industrial Development was 54
on the
Development Index. Which of the following organizations/agencies complies Industrial
Development
Index of the world?
(a)International Labour Organization
(b)United Nations’ Industrial Development Organization
(c)World Bank
(d)World Trade Organization
78.What is the minimum support price announced by the Government of India for Rabi crop of
wheat?
a)Rs 900/quintal
b)Rs 950/quintal
c)Rs 1080/quintal
d)Rs 1000/quintal
79.As per news reports MTNL recently launched its “3G Services” and became the first telecom
operator
to launch the same in India. What is the full form of ‘G’ IN 3G?
(a)Global (b) Generation
(c) Growth (d) Gravity
80. Service Tax was introduced in India for the first time in the year.
(a)1990-91 (b)1991-92
(c)1994-95 (d)2000-01
81.The first Indian state Government to start Lottery
(a)Goa (b)Sikkim
(c)Kerala (d)Manipur
82.The rate at which banks led to RBI is known as
(a)Repo rate (b)Reverse repo rate
(c)Bank rate (d)Interest rate
83.Which states of Indi have derived maximum benefits from green revolution?
(a) Punjab, Haryana and U.P (b)Bihar, West Bengal and Assam
(c)Rajasthan, Gujarat and Maharashtra (d)Tamil Nadu, Andhra Pradesh and Kerala
84.The term “Green Revolution” was given by
(a)Dr.Norman Borlaug (b)Dr.M.S Swaminathan
(c) Dr.William Gande (d)Sada shiv Rao
85.The philosophy of Laissez faire is identified with
(a)Welfare state (b)Socialist state
(c)Gandhian state (d)Industrial state
86. The concept of “Meeting the needs of present without compromising the ability of future
generation to meet their needs” , is generally known as the concept of--------------
(a)Climate migration (b)Sustainable development
(c)Structural development (d)Inclusive growth
87.Which of the following is the full form of the ‘BRA’ as used in banking field?
(a)Banking Regulation Act (b)Banking Restructuring Act
(c)Borrowing Risk Assessment (d)Brazilian and Russian Association
88.The Government of India has authorized which of the following organizations to raise Rs.
10,000
crore to refinance those banks who are lending money for infrastructural projects?
(a)IIFCIL (b)SIDBI
(c)IDBI Bank (d)LIC
89.As we all know India’s one of the major imports is oil and petroleum. Out of the total
consumption of
the oil and petroleum, how much is consumed by the transport sector ? About------------
( a)40% (b)30%
(c)60% (d)50%
90.The basic objective of business is to----------------------------
(a)Create a customer (b)Earn profit
(c)Satisfy the needs of the society (d)Selling of goods
91.An economic objective of business is------------------
(a)Welfare of employees (b)Generation of employment
(c)Innovation (d)Community services
92.Which of the following is not an economic objective of business.
(a)Earning profit (b)Market standing
(c)Innovation (d) Generation of employment
93.Professionals charge ------------------for their services.
(a)salary (b)wage
(c)commission (d)Fee
94.Which of the following is the name of the organization, created to provide full employment and
self- reliance to the women folk in India?
(a)OECD (b)ROSCA
(C)SEWA (d)USO
95.Specially Developed Economic Zones(SEZs) in India where some of the economic laws and
restrictions
of the land are relaxed with the purpose of giving incentives to investors are commonly known
as:-
(a)Preferential Zones (b)Economic corridors
(c)Industrial park (d)Special Economic Zones
96.Stock market indexes traditionally served as a benchmark to measure the performance of which
of
the following types of portfolios of the investors/promoters?
(a)Equity portfolio (b)Tax saving instruments
(c)Mutual Funds (d)Investments in Government Securities
97.Foreign trade helps each country to make -------------use of its natural resources.
(a)Optimal (b)loss
(c)better (d)none of these
98.Traders have to face move difficulties in---------trade than---------trade
(a)foreign, home (b)home, foreign
(c)local, Indian (d) none of these
99. In which year was the EXIM Bank established?
(a)1982 (b)1983
(c)1984 (d)1985
100.An agreement which in fact is a contract between the RBI and Banks for the sale and
repurchase of
Government securities and short term treasury bills at a future date and for which the RBI
indicates
the interest rate, is generally known as-------------------------
(a)Repo rate (b)Reverse repo rate
(c)Bank rate (d)Prime Lending Rate
see next post...
