Bank of Baorda Exam- banking and economic awareness

1.The President of India appoints the Chairman and Members of the National Human Rights Commission on whose recommendations?



(A)Prime Minister of India


(B)Speaker of Lok Sabha


(C)Home Minister

(D)Deputy Chairman of Rajya Sabha


(E)All of the Above


Ans. (E) All of the Above


2.In which year India ratified International Covenant on Economic, Social and Cultural Rights ?


(A)1966


(B)1968


(C)1976


(D)1978


(E)1979


Ans. (E) 1979



3.In which of the following cities is located the technology center of Unique Identification Authority of India?


(A)Delhi


(B)Hyderabad


(C)Ranchi


(D)Hyderabad


(E)Bangalore


Ans. (E) Bangalore






4.The Council of Scientific and Industrial Research (CSIR) links 37 constituent laboratories with diverse research portfolios as varied as drug discovery to oceanography. Recently we read in the newspapers that CSIR’s latest imitative is launching of an Open Source Drug Discovery (OSDD) Programme. What is the main purpose of Open Source Drug Discovery (OSDD) Programme?


(A)To make India a hub of drug research and development


(B)To bring the scientists of the world under one roof


(C)To bring down the costs of the new drugs and make them affordable to all


(D)To make India self reliant in Drug production


(E)All of above


Ans. (C) To bring down the costs of the new drugs and make them affordable to all






5.On the recommendation of which of the following committees the National Bank for Agriculture and Rural Development (NABARD) has been releasing money of the Centers share of recapitalization assistance to the primary agriculture credit societies (PACS) in various states to introduce


cooperative reforms ?


(A)N R Narayanmurthy Committee


(B)Prof A. Vaidyanathan Committee


(C)K Madhav Das Committee


(D)R Gandhi Committee


(E)None of them


Ans. (B)Prof A. Vaidyanathan Committee






6.Express Remit is the brand name of a remittance facility by which of the following banks?


(A)State Bank of India


(B)Punjab National Bank


(C)Bank of Baroda


(D)ICICI Bank


(E)HDFC Bank


Ans. (A) State Bank of India






7.Which among the following is the most important source region of NRI remittances to India ?


(A)North America


(B)Europe


(C)Middle East


(D)Asia Pacific


(E)South America


Ans. (A) North America






8.As per the guidelines issued by Department of Industrial Policy and Promotion (DIPP) in February 2009, any company with more than what fraction of foreign equity should be considered as a foreign company?


(A)51%


(B)59%


(C)61%


(D)71%


(E)75%


Ans. (A) 51%






9.To achieve 100% financial Inclusion in India, Reserve Bank of India had had issued a circular in July 2009 permitting cash withdrawals of up to Rs 1,000 per day from PoS (Point of sale) terminals at merchant establishments. Recently which of the following bank has become first Bank of India to offer this facility?


(A)State Bank of India


(B)Punjab National Bank


(C)Bank of India


(D)Union Bank of India


(E)UCO Bank


Ans. (D) Union Bank of India






10.Which among the following sector of Indian Economy is maximum dependent on economic developments in advanced nations?


(A)Manufacturing Sector


(B)Agricultural Sector


(C)Mining Sector


(D)Textile Sector


(E)Services Sector


Ans. (E) Services Sector






11.Many a times we read in the newspapers that Government of India is promoting private investment in the country through PPP mode that is Public private partnership. What is the target of the private sector investment in the country by 2012 ?


(A)$ 150 Billion


(B)$ 200 Billion


(C)$ 300 Billion


(D)$ 400 Billion


(E)None of them


Ans. (B) $ 200 Billion






12.Which among the following country has been consistently on the top slot for last four years and this year too in the latest version of World Bank’s annual report “Doing Business 2010″?


(A)Sweden


(B)New Zea Land


(C)Singapore


(D)China


(E)South Korea


Ans. (C) Singapore






13.What is Doing Business 2010 rank of India?


(A)129


(B)131


(C)132


(D)133


(E)135


Ans. (D) 133, last year it was 132 and it has gone down by 1






14.As per the World Bank Report, which among the following in India is comparatively easy for outsiders planning to do business here?


(A)Dealing with Construction Permits


(B)Registering Property


(C)Getting Credit


(D)Enforcing Contracts


(E)Employing Workers


Ans. (C) Getting Credit






15.Which among the following cities ranks first in ease of doing business in India?


(A)Gurgaon


(B)Chandigarh


(C)Hyderabad


(D)Ludhiana


(E)Bangalore


Ans. (D) Ludhiana






16.For the first time in India, in which of the following Budgets “basic reforms in the international financial and trading system ” was stressed in India?


(A)1969


(B)1975


(C)1983


(D)1991


(E)1992


Ans. (C) 1983






17.The recently presented Economic Survey says ” India’s unpardonably large bureaucratic costs are like a valuable resource buried under the ground, waiting to be excavated and used” . The unpardonably large bureaucratic costs refer here to which of the following?


(A)Cost incurred in recruitment and training of bureaucrats


(B)Costs incurred in getting a project cleared in government offices as bribes


(C)Hidden Costs due to unwanted delay in projects approval


(D)Low efficiency of the bureaucracy of the country due to political instability


(E)All of the above


Ans. (C) Hidden Costs due to unwanted delay in projects approval






18.Bring out the incorrect statement regarding India’s textile sector:


(A)India’s textile and clothing sector currently employs 35 million people


(B)After agriculture it is second largest provider of employment


(C)Textile sector has a tendency to shrink as the GDP and Economy grows


(D)Textile sector is a major absorber of low-skilled labor


(E)All of above are correct statements


Ans. (C) statement C is incorrect. This natural tendency has been seen in agriculture sector and not in textile sector






19.Year 2009-10 was a time of inflationary concerns for our country witnessing unusual double digit inflation. In the history of Independent India, which among the following decades had shown 3 consecutive years of double-digit, food price inflation?


(A)1970s


(B)1980s


(C)1990s


(D)2000s


(E)1960s


Ans. (A) 1970s. 1972-73-74






20.Who among the following is the chairman of the Technology Advisory Group which has the mandate to fix the framework for large and transformational IT projects of the government?


(A)Kaushik Basu


(B)C Rangrajan


(C)Nandan Nilkeni


(D)Ashowk Chawla


(E)None of them


Ans. (C) Nandan Nilkeni


21.The following options A to E are news headlines related to Union Budget 2010 , taken from some financial newspapers. Among them bring out the one that deals with Transfer Payments ?


(A)Government projects Rs. 248664 crore for Interest payments


(B)Government projects Rs. 301331 as corporation tax in 2010-11


(C)Government will spend Rs. 60000 Crore on Defense in 2010-11


(D)The Subsidy has been Reduced from Rs. 131025 crore to 116224 crore in Union Budget 2010


(E)The government pitches for Rs. 40000 crore for Disinvestment


Ans. (D) The Subsidy has been Reduced from Rs. 131025 crore to 116224 crore in Union Budget 2010






22.In which of the following example the marginal productivity is close to zero?


(A)7 people working in a bank branch and 3 more join them after a massive recruitment drive of the bank


(B)7 people from a family working in a farm and 3 more join to them because they lost their jobs due to poor markets


(C)7 teachers teaching in a school and 3 more join them to teach 3 different subjects to a class of 100 students


(D)7 people are recruited by a company in unreserved category and 3 more recruited one of them was a physically disabled person


(E)None of them


Ans. (B) Option B is an example of Hidden Unemployment


23.As we all know that economic liberalization began in true sense in July 1991 in India. Which among the following was the first step of the government while taking the country towards Economic Liberalization?


(A)Substantial changes in industrial license policy were made


(B)The Rupee was made convertible


(C)Procedural formalities for Foreign direct Investment were removed


(D)The government significantly reduced the taxes


(E)The Government launched a highly focused Foreign Trade Policy


Ans. (A) Substantial changes in industrial license policy were made






24.Who among the following is not a member of National Development Council?


(A)The Prime Minister of India


(B)The President of India


(C)The members of Planning Commission


(D)The Chief Minister of states


(E)All of above are members


Ans. (B) The President of India






25.Bhoodan Yojna which was a measure of gifting land by the rich landlords to the poor laborers was initiated by whom among the following?


(A)Acharya Narendra Dev


(B)Acharya Vinoba Bhave


(C)Raj Naraina


(D)Medha patkar


(E)Swami Sundaranand


Ans. (B) Acharya Vinoba Bhave