GK QUESTION

1). With which sport is Sania Nehwal Associated ?- badminton

2). With which sport is Ranji Trophy Related ?- class cricket

3). M.S Ahluwalia was recently presented with which Award ?- Padam Vibushan

4). Which country is the largest producer of Jute?- Bangladesh

5). The 2016 summer Olympics are scheduled to held in which country?- Rio de Janeiro, in Brazil

6).G-8 was created by which nation?- France

7). When is Ozone Day Celebrated ?- 16^th Sep.

8). Who has recently been appointed the PM of South Sudan ? Salva Kiir Mayardit

9). Who has recently been appointed the PM of Japan ? Yoshihiko Noda

13). In BR act,what is the meaning of term “R” ?-Regulation

14). The Ownerships of the bank is under… ?

a)wholly owned by Govt of India

b) wholly owned by RBI

c) jointly owned by Gov of India and RBI

d) jointly owned by RBI.

15). Which of the following award in music is given by Government of Madhya Pradesh?- Kalidas Samman

17). NEFT and RTGS are—? They are Electronic Fund Transfer system

18). What is the full form of EFT in banking terms ? Electronic Fund Transfer

20). Who is present Ex officio chairman ship in Rajya Sabha..?-Vice president

21). Which state is the largest producer of Iron Ore in India ?- Jharkhand

22). The major Objective of UNESCO is ?- Educating Science and Culture

23). Head Quarters of World Bank are Located at ? Washington DC

24). Which bank has the largest no of branches and ATM`s in India? SBI

25). Which currency India gave license to use for exporting the goods?- Yuan

26). What is the full form of NAV ? Net Asset Value

27. What is Repo Rate??

(a) It is the rate at which RBI gives loans to its prime customers.

(b) It is the rate at which RBI gives loans to poor people.

(c) It is the rate at which commercial banks borrows rupees from RBI.

(d) It is the rate at which RBI borrows rupees from Commercial banks.

(e) None

28. N Rangaswamy is the new CM of Puducherry, he actually belongs to which party.?

(a) BSP

(b) BJP

(c) All India NR Congress.

(d) AIADMK

(e) UDF

29. Who is Union Agriculture Minister at present.

(a) Rajiv Kumar Shukla.

(b) Sharad Pawar

(d) Shashi Tharor

(e) None

30. Define KYC in banking sector.

(a) Know Your Customer.

(b) Know Your Consumer.

(d) Knew Your Customer.

(e) None.

31. Which is the Central Bank to the Government in India.

(a) SBI (b) RBI

32. NPA stands for

(a) Non Performing Asset.

(b) Non Performing Adopt.

(d) Non Performal Asset.

(e) None.

33. Financial Inclusion means

(a) Including every Indian citizen financially.

(b) Providing banking services to metropolitan areas.

(d) Special scheme for government employees.

(e) None

34. India recently with which country sign land border dispute agreement.

(a) Nepal (b) Bangladesh

35. Who is the new president of Singapore.

(a) Tony Tane

(b) Robbert Zoellick

(d) Yoshihiko Noda (e) None

36. Bulls and Bears is related with

(a) Cricket (b) Football

(c) Shares (d) Chess (e) None

37. Gagan Narang is recently honored with

(a) Sita Puraskar

(b) Rajiv Gandhi Khel Ratna award.

38. RTGS means

(a) Money transfer from one branch to another branch of the same Bank.

(b) Money transfer from one branch to another branch of the different Bank.

(d) Does not transfer money.

(e) None

39. Who is Dipika Kumari.

(a) Famous Archer. (b) Famous Swimmer.

(d) Famous Discuss Thrower. (e) None

40. Which award is given in cinema sector.

(a) Pritkzer Prize. (b) Dada Saheb Phalke award

(e) None

41. In SEZ what does S stands for.

(a) Special (b) Simple

42. Nationalized Banks are also called as

(a) Public Sector banks. (b) Private Sector banks.

43. Where is the headquarter of International organization IAEA?

(a) Vienna (b) Washington DC

44. Which Government scheme is related to Health Services.

(a) ASHA (b) Jeevan Arogya

45. Which person is also called as a father of Green Revolution.

(a) Dr. MS Swaminanthan.

(b) Dr. Ella Bhatt.

(d) Dr. Siddartha Mukherjee

(e) None

46. Which country is NOT related with OPEC group.

(a) China (b) Kuwait

47. Nirumpama Rao is recently appointed as an Indian ambassador to__________

(a) UK (b) USA

48. Which credit rating company is recently in news.

(a) UNCTAD (b) UNDP

(c) Standard & Poor’s (d) IAEA (e) ADB

49. Teachers Day is celebrated on_____

(a) 5th of September. (b) 5th of November.

50. Currency of Iran is

(a) Real (b) Peso

Set-2

1. Which one is a private sector bank.

(a) IDBI (b) Bank of Rajasthan

(c) HDFC (d) SIDBI (e) None

2. ILO stands for

(a) International Labour Organization.

(b) International Local Organization.

(d) Italy Labour Organization.

(e) None

3. Which one of the following is not related with Hockey.

(a) Rangaswamy Cup (b) Nehru Trophy

(e) Davis Cup

4. Currency of Bangladesh?- Taka

5. Who sign on the 50 Rs note? RBI Governer

7. Foreign minister of India? Anand Sharma

8. The currency of Iraq is called –dinar

9. Lasith Malinga is associated with which game – cricket

10. BCCI is associated with which field– cricket

11. Amitabh Bachhan got the 75th national award for which film in the year 2010- paa

12. Dada Saheb Phalke award is associated with which fields- films

13. The President of Nepal is – Ram Baran Yadav

14. Which one among them is not indian writer - Gagan Narang

15. Which international bank has opened its branches in India also-yes bank

16. from the following countries which is member of SAARC? - Vietnam

17. in football which of the term is not related – maiden over

18. which of the following cups/ trophies are related with lawn tennis - Wimbledon trophy

19. which one of them is not the union cabinet minister – Kamal Nath

20. For how many days cheques are valid in india - 6 months

21. crossing is done in which of the things - cheque

22. Which of the following banks are not nationalized in 1969

23. Which state is no.1 among the following is the producer of sugar - Punjab

24. Indonesia president- Shushilo Babang

· 25. RTGS max and min limit? Min- 2Lac and Max- No Limit

26. Full form EMI is? . Equatted monthly installment

27. ISRO related to? — space

28. N in LNG?

29. Dr. Manmohan Singh visted Bangladesh for boundary resolution

30. Djokowich- lawn tennis

31. R.K. Narayan wrote the book? – Malgudi Days

32. CASA related work………….- Current Account & Savings Account

33. Housing loan provided by which bank-HDFC

34. NO-ball related to cricket?

35. Oil producer country – Iran

36. G20 summit in -France

37. ECB -external commercial borrowing

38. Gagan Narang was awarded….Rajiv Gandhi Khel Ratna award

39. Award related to literature- Gyanpith award

40. Anushka Sharma was awarded in IIFA.

41. UNSC Permanent member-France

42. IMF head Quarter-washington DC

43. Dilma Rouseff is first woman president -Brazil

44. Opposition leader in parliament-Shushma Swaraj

45. President of India Recently visited which country- Swiden and Austrai

46. Malgudi Days is written by- R.k.Narayan

47.LNG- N is Nitrogen

48.MNREGA wages are linked with- Consumer Price Index ( Agriculture abour)

49.Central Drug Research institute is located at- Lucknow

50. Tista water dam was signed with Bangladesh because of – Mamta banrjee.

DAILY GK

10/12/11 - Saturday

1. Lokpal report tabled in Parliament
The Congress' desire to give constitutional status to the institution of Lokpal — which was initially described by Team Anna as a delaying tactic — found reflection in the report of the Parliamentary Standing Committee on Personnel and Law and Justice, was tabled in Parliament.

2. Antony meets Prime Minister on dam row
Amidst mounting tension between Tamil Nadu and Kerala over the safety of the Mullaperiyar dam, Union Defence Minister A.K. Antony met Prime Minister Manmohan Singh seeking a peaceful solution to the dispute..

3. MFN status likely by next October
Pakistan may grant the Most Favoured Nation (MFN) status to India by October next
Information Minister Firdous Ashiq Awan announced recently that the Cabinet had conferred the status on India, but the government later clarified that the process was yet to be completed.

4. “Kudankulam reactors are modern and safe”
Russia has not “imposed” upon India any unsafe nuclear power reactors for the Kudankulam Nuclear Power Plant as alleged by anti-nuclear power protestors according to Consul General of the Russian Federation Nikolay A. Listopadov.

5. Kabila declared DR Congo winner
Incumbent Joseph Kabila has won a new five-year term as President of the Democratic Republic of Congo, said the Election Commission on Friday, announcing the much-delayed full poll results.

6. Iran displays downed U.S. drone
The U.S. drone which Iran said it shot down penetrated 250 km inside the Islamic republic's airspace, state television's website reported.In a letter of protest to the U.N., the government said “the American RQ-170 spy plane violated 250 km inside Iranian airspace before confronting the reaction of Iran's armed forces”, the website reported.

7. EU raises heat on India over climate deal
The European Union (EU) blamed India for blocking a new legally-binding agreement, saying New Delhi was maintaining a “relatively tough stand”, preventing countries from arriving at a conclusion in Durban.India said it was open to discussions if issues of equity — the right to grow — were taken into account.EU climate commissioner Connie Hedegaard said there were two sticking points with India — the future of the legal form of the agreement and the timeframe in which countries should make the emission cuts.

8. Centre scales down GDP growth forecast to 7.5 %
In a grim alert to the nation at large on the economic hardships that may lie ahead during the current fiscal and beyond, the government on Friday scaled down its GDP (gross domestic product) growth forecast for 2011-12 from 9 per cent to about 7.25-7.75 per cent in view of the gloomy global environment and specific negative factors at home.

12/12/11 - Monday

1. Sharing Anna's dais, Opposition vows to fight for strong Lokpal
Leaders of major Opposition parties shared the dais with anti-corruption crusader Anna Hazare during his daylong fast at Jantar Mantar here and vowed to fight in Parliament for a “strong, effective and independent” Lokpal Bill.If necessary, the winter session of Parliament should be extended, or a special session called, for a full and comprehensive discussion on the Bill, they suggested.

2. Nag test-fired with all-weather seeker
For the first time, a radio frequency seeker was successfully flight-tested in the anti-tank Nag missile on the Army ranges at Ahmednagar, Rajasthan.

3. India is SAFF champion as Afghanistan runs out of steam
The Afghan brigade ran out of steam and men when it mattered. India knocked in three goals in the span of ten minutes and claimed the SAFF Championship Football title to leave a motivated Afghanistan in a daze on a floodlit night at the Nehru Stadium here.
The final scoreline of 4-0 was a story hard to believe for the Afghans who played their hearts out. All the goals came in the second half after Afghanistan had toyed with India in the first.

4 India beat west indies to win ODI series 4-1

India beat west indies to win ODI series 4-1,Rohit Sharma is declared man of the series

5. Australia Beat Spain 1-0 to Win Champions Trophy Hockey Tournament

Australia Beat Spain 1-0 to Win Champions Trophy Hockey Tournament held in Auckland

13/12/11 - Tuesday

1. Industry output falls for first time in two years
Mirroring the overall economic slide owing to rising prices, high interest rates, slack consumer demand and the fall in corporate investment at home in the wake of an uncertain global environment, industrial growth slumped into the negative territory, contracting by 5.1 per cent in October this year, compared with a robust expansion of 11.3 per cent in the same month of 2010.

3. Rejection of FDI on security ground upheld
The Delhi High Court has dismissed an appeal against a Single Bench order upholding a decision of the Foreign Investment Promotion Board (FIPB) to withdraw approval to a proposal to provide GSM-based mobile services by a foreign company on security ground, saying that “the security angle was a crucial factor''.

4. India, U.S. discuss civil nuclear issue
India and the United States held talks on several issues, mainly the civil nuclear issue, in a follow-up to the Manmohan Singh-Barack Obama meeting in Indonesia last month.
National Security Adviser Shivshankar Menon, agreed on the need for “full implementation” of the civil nuclear agreement, during his meetings with them.
5. No Indian Ocean military base: China
China said its naval fleet would only seek supplies or recuperate in the Seychelles during anti-piracy operations, denying reports that Beijing might break with its long-standing policy on overseas military bases with a presence in the Indian Ocean archipelago.

6. Billionaire to run against Putin
Billionaire Mikhail Prokhorov has announced his decision to run for President as the political scene grows lively in the wake of mass protests against tainted parliamentary elections against Putin.

7. Rupee closes at record low of 52.85 against $
The rupee hit its lifetime low of 52.84/85 against the dollar on Monday as demand for the U.S. currency soared amid signs of foreign institutional investors pulling out money in the wake negative growth in industrial production in October.

Financial Abbreviations and Acronyms in India

Abbreviation Definition

AD Authorized Dealer

ADB Asian Development Bank

ADR American Depository Receipt

AFS Annual Financial Statement

AGM Annual General Meeting

AIRCSC All India Rural Credit Survey Committee

ARIMA Auto-Regressive Integrated Moving Average

AFS Available For Sale

ASSOCHAM Associated Chambers of Commerce and Industry of India

ATM Asynchronous Transfer Mode

ATM Automated Teller Machine

BIS Bank for International Settlements

BOI Bank of India

BoP Balance of Payments

BSE Bombay Stock Exchange

BSR Basic Statistical Returns

CAD Capital Account Deficit

CAG Controller and Auditor General of India

CBS Consolidated Banking Statistics

CC Cash Credit

CD Certificate of Deposit

CD Ratio Credit Deposit Ratio

CDBS Committee of Direction on Banking Statistics

CF Company Finance

CFRA Combined Finance and Revenue Accounts

CGRA Currency and Gold Revaluation Account

CII Confederation of Indian Industries

CO Capital Outlay

CP Commercial Paper

CPI Consumer Price Index

CPI-IW Consumer Price Index for Industrial Workers

CR Capital Receipts

CRAR Capital to Risk Weighted Asset Ratio

CRR Cash Reserve Ratio

CSIR Council of Scientific and Industrial Research

CSO Central Statistical Organisation

CVC Central Vigilance Commission

DAP Development Action Plan

DBOD Department of Banking Operations and Development

DCA Department of Companies Affairs

DCB Demand Collection and Balance

DCCB District Central Cooperative Bank

DCM Department of Currency Management

DD Demand Draft

DDS Data Dissemination Standards

DEIO Department of External Investments and Operations

DESACS Department of Statistical Analysis & Computer Services

DGBA Department of Government and Bank Accounts

DGCI&S Directorate General of Commercial Intelligence and Statistics

DI Direct Investment

DICGC Deposit Insurance and Credit Guarantee Corporation of India

DID Discharge of Internal Debt

DMA Departmentalized Ministries Account

DRI Differntial Rate of Interest Scheme

DSBB Dissemination Standards Bulletin Board

DVP Delivery versus Payment

ECB External Commercial Borrowing

ECB European Central Bank

ECGC Export Credit and Guarantee Corporation

ECS Electronic Clearing Scheme

EDMU External Debt Management Unit

EEA Exchange Equalization Account

EEC European Economic Community

EEFC Exchange Earners Foreign Currency

EFR Exchange Fluctuation Reserve

EPF Employees Provident Fund

ETF Exchange Traded Fund

EUR Euro

EXIM Bank Export Import Bank of India

FC Finance Commission

FCCB Foreign Currency Convertible Bond

FCNR(B) Foreign Currency Currency Non-Repatriable(Banks)

FCNRA Foreign Currency Currency Non-Repatriable Account

FDI Foreign Direct Investment

FEMA Foreign Exchange Management Act

FI Financial Institution

FICCI Federation of Indian Chambers of Commerce and Industry

FII Foreign Institutional Investor

FIMMDA Fixed Income Money Market and Derivatives Association of India

FISIM Financial Intermediation Services Indirectly Measured

FPI Flow Of Funds

FRA Foreign Portfolio Investment

FRBM Forward Rate Agreement

FRN Fiscal Responsibility and Budget

FWG First Working Group on Money

FX Foreign Exchange

GDP Gross Domestic Product

GDR Global Depository Receipt

GFD Gross Fiscal Deficit

GFS Government Finance Statistics

GIC General Insurance Corporation

GLS Generalized Least Squares

GNIE Government Not Included Elsewhere

GoI Government of India

GPD Gross Primary Deficit

G-Sec Government Securities

HDFC Housing Development Finance Corporation

HFT Held For Trading

HICP Harmonised Index of Consumer Prices

HO Head Office

HUDCO Housing & Urban Development Corporation

IBRD International Bank Reconstruction and Development

IBS International Banking Statistics

ICAR Indian Council of Agricultural Research

ICICI Industrial Credit and Investment Corporation of India

ICMR Indian Council of Medical Research

IDB India Development Bonds

IDBI Industrial Development Bank of India

IDD Industrial Development Department

IDFC Infrastructure Development Finance Corporation

IFAD International Fund for Agricultural Development

GK SERIES - 21

1. H- 1 (2011-2012) tax collection increased by percent leading the collection to ........... Rs.4, 25,712 crores?

1) 14.5

2) 20.6

3) 22.1

4)18.9

5) 25.6

2. The global economic growth in 2011 will be nearer to ........... percent only, compare to 4 percent in 2010?

1) Eight

2) Ten

3) Six

4) Seven

5) Three

3. ...........has introduced the nation's first petrol pump with self service refueling facility in New Delhi?

1) ONGC

2) HP

3) IOC

4) BP

5) None

4. The second highest test Century (35) maker is Dravid. He is the cricketer from ...........?

1) Andhra Pradesh

2) Mumbai

3) Delhi

4) West Bengal

5) Karnataka

5. Baichiung Bhutia retired from international events. He is the former Indian ...........captain?

1) Volley ball

2) Foot Ball

3) Cricket

4) Kho Kho

5) Kabbaddi

6. The term gully used in ...........?

1) Foot ball

2) Volley ball

3) Hand ball

4) Hockey

5) Cricket

7. The FIFA(Federation of International Football Association) world cup venues given. Pick the correct one?

1) 2010-South Africa

2) 2014-Brazil

3) 2018-Russia

4) 2022-Qatar

5) All of above

8. ...........released $ 1.5 billion aid to Libya on 27 August 2011?

1) USA

2) Russia

3) UNO

4) IBRD

5) IMF

9. Union government sanctioned Rs............crores for tracking cyclones in coastal states?

1) 1500

2) 2500

3) 2000

4) 1700

5) 900

10. Fast attack warship........... Commissioned in Indian Navy on 26 August 2011?

1) Kaurava

2) Pandava

3) Karna

4) Salya

5) None

ANSWERS: 1)3 2)5 3)3 4)5 5)2 6)5 7)5 8)3 9)1 10)1

GK SERIES – 22

1. Which of the following statements about CHOGM 2011 is/are true?

1) The Commonwealth Heads of Government Meeting 2011, commonly known as CHOGM 2011,was held in Perth, Australia in October 2011.

2) The 22nd Meeting of the Heads of Government of the Commonwealth of Nations was chaired by Julia Gillard, the Prime Minister of Australia.

3) Hamid Ansari, the Vice President, represented India at the Summit.

4) Canadian Prime Minister Stephen Harper had threatened to boycott the 2013 CHOGM, to be held in Sri Lanka, if allegations of human rights abuses against the country's Tamil minority were not investigated.

5) All the statements are correct.

2. Alain Juppe visited India in October 2011. He is the Minister for Foreign Affairs of which of the following countries?

1) Germany

2) Italy

3) United Kingdom

4) France

5) Spain

3. Who is the Chairman of the Prime Minister's Economic Advisory Council (PMEAC)?

1) Bimal Jalan

2) Suresh Tendulkar

3) C.Rangarajan

4) Y.V.Reddy

5) Montek Singh Ahluwalia

4. The National Development Council (NDC) meeting was held in New Delhi recently. Who is the Chairman of the NDC?

1) Manmohan Singh

2) P.Chidambaram

3) Pranab Mukherjee

4) Sonia Gandhi

5) Montek Singh Ahluwalia

5. Which cit\ hosted the 5th IBSA Summit in October 2011?

1) Cape Town

2) Durban

3) Pretoria

4) Johannesburg

5) Bloemfontein

6. Who among the following leaders did not attend the IBSA Summit in October 2011?

1) Dilma Rousseff

2) Jacob Zuma

3) Manmohan Singh

4) Dmitri Medvedev

5) None of these

7. Who among the following has never worked as RBI Governor?

1) C.Rangarajan

2) Bimal Jalan

3) Manmohan Singh

4) L.K.Jha

5) Yashwant Sinha

8. Which bank has taken over the Centurion Bank of Punjab?

1) ICICI Bank

2) HDFC Bank

3) IDBI Bank

4) AXIS Bank

5) OBC

9. Which country is considered as the pioneer of Micro Finance?

1) India

2) Pakistan

3) Bangladesh

4) Sri Lanka

5) China

10. Which of the following is the period of the first Five Year Plan in India?

1) 1950-55

2) 1947-52

3) 1951-56

4) 1948-53

5) None of these

ANSWERS: 1) 5 2) 4 3) 3 4) 1 5) 3 6) 4 7) 5 8) 2 9) 3 10) 3

GK SERIES – 23

1. Which among the following is not the nationalized bank?

1) Andhra Bank

2) Syndicate bank

3) Axis bank

4) Central Bank of India

5) Oriental Bank of Commerce

2. Banks cannot accept ...........

1) Cash

2) Postal Stamps

3) Drafts

4) Bill of exchange

5) pay order

3. Cheque facility is not available in ...........?

1) Savings Account

2) Current Account

3) Recurring Account

4) Savings and Current Account

5) All of above

4. The Demand Draft can be issued to ...........?

1) Farmer

2) Student

3) Government employee

4) Business man

5) All of above

5. Core banking means ...........?

1) Connectivity between all branches and RBI

2) Connectivity between all branches and the branches of other bank

3) Connectivity of branches, ATM and online systems of all branches

4) Connectivity between all RRB's and RBI

5) None

6. Which of the following rate usually not declared by RBI?

1) SLR

2) CRR

3) Base rate

4) Repo Rate

5) Reverse repo Rate

7. In private sector bank, the government may have the stake up to ........... percent?

1) 50

2) 51

3) 100

4) 49

5) 0

8. In public sector bank, the government stake must be least ...........percent?

1) 50

2) 100

3) 90

4) 51

5)1

9. NEFT rules are given. Pick the wrong one?

1) NEFT means National Electronic Fund Transfer

2) Up to 2 lakhs the amount can be transferred

3) Both in Savings and Current Account the funds can be transferred

4) The minimum charge on this type of transfer is Rs.1000

5) Many private and Public Sector banks offer this facility these days

10. RTGS rules are given. Pick the wrong one?

1) RTGS means Real Time Gross Settlement

2) Above 2 lakhs the funds can be transferred

3) RTGS facility not available in current account

4) The charges of RTGS to be paid by the customer

5) All of above

11 All savings bank accounts carry nominee name. A nominee cannot be ...........?

1) Friend

2) Mother

3) Father

4) Son

5) Daughter

12. On 19 October 2011, Pranab Mukarjee said the Union Government inject the funds in to public sector banks to maintain Tier Capital of ...........percent?

1) 5

2) 10

3) 6

4) 7

5) 8

13. The negotiable instrument is...........?

1) Cheque

2) Demand draft

3) Bill of Exchange

4) Treasury Bills

5) All of above

14. Negotialble instruments rules and regulations mentioned by ...........?

1) Negotiable cheque Act 1901

2) Negotiable instruments Act 1901

3) Negotiable instruments Act 1818

4) Negotiable instruments Act 1881 5) None

15. Usually there are three parties in the case of Cheque. The drawer is ...........?

1) One who writes cheque

2) One who receives cheque

3) One who mediates cheque

4) 1 & 3

5) None

ANSWERS: 1)3 2)2 3)3 4)5 5)3 6)3 7)4 8)4 9)4 10)3 11)1 12)5 13)5 14)4 15)1

GK SERIES - 24

1. Drawing two or three lines on the left head of cheque is called ...........?

1) Nullity

2) Paid

3) Offering

4) Crossing

5) Nothing

2. Crossing means the bank should...........?

1) Make the payment stop

2) Make the payment late

3) Make the payment to payee through account only

4) Pay the amount to anybody

5) None

3. The cheque bounce due to...........?

1) If the correct date written

2) If the Sunday date written

3) If the public holiday date written

4) If the date is the 30th of any month

5) Post date written

4. On 20th October 2011, State Bank of India declared it earned 3.5 NIM in the second quarter. NIM stands for ...........?

1) Net Interest Minimum

2) Not Interest Margin

3) Net Internal Margin

4) Net Interest Module

5) Net Interest Margin

5. ETF stands for ........... (In these days the people are buying GOLD ETF bonds)

1) Extra Trade Forum

2) Exchange Trade Finance

3) Eternal Trade Fund

4) Exchange Trade Forum

5) Exchange Traded Fund

6. Chairman of the National Advisory Committee on Accounting Standards is ?...........

1) D.Subba Rao

2) Y.V.Reddy

3) Y.H.Malegam

4) K.C.Chakravarthy

5) Montek Singh Ahluwalia

7. Which financial institute declared October month as Social Security Month?

1) SBI

2) Religare

3) LIC

4) India First

5) GIC

8. FAO conference on East Africa famine concluded in ...........?

1) Rome

2) Vienna

3) Newyork

4) Washington

5) Canberaa

9. UN AIDS ambassador ...........participated in International AIDS conference on 7 Oct 2011 at Moscow?

1) Preity Zinta

2) Sharmila Tagore

3) Leela Samson

4) Mamatha Sharma

5) Shantha Sinha

10. Two public sector enterprises applied for the status of Maharatna recently. They are ?...........

1) CIL,HCL

2) ONGC,SBI

3) IOC,NTPC

4) SAIL,BEL

5) BHEL,GAIL

ANSWERS: 1)4 2)3 3)5 4)5 5)5 6)3 7)3 8)1 9)1 10)5

GK SERIES – 25

1. Among 28 states in India, 17 states have Lokayukta. The first Lokayukta established in 1970 is ...........

1) Odisha

2) Andhra Pradesh

3) Assom

4) Tamilnadu

5) Sikkim

2. The Lokayukta who inducted Yedurappa, the chief minister of Karnataka is ...........?

1) Justice Rey

2) Justice Kania

3) Justice Panduranga

4) Justice Sudha Misra

5) Justice Santosh Hegdey

3. The Lokayukta who resigned in Karnataka on the allegations of Land Scam?

1) Justice Nanavathi

2) Justice Bhagavathi

3) Justice Chandra Chud

4) Justice Mukarjee

5) Justice Sivaraj Patil

4. Recently the inventor of iPad died. He is ?...........

1) Edwin H. Armstrong

2) Charles Babbage

3) Steve Jobs

4) William Seward Burroughs

5) George Eastman

5. On 17th August 2011, ...........topped as most valuable firm crossing RIL ( Reliance Industries Limited) in market capitalization?

1) BHEL

2) ISRO

3) Bharati Cement

4) Coco-Cola

5) Coal India Limited

6. Top three destinations of Indian exports as per e-Bay site?

1) Eurpoe,USA and UK

2) USA,UK and Germany

3) USA, Indonesia and China

4) USA,UK and Europe

5) USA,UK and Australia

7. The export promotion scheme 'Focus: LAC' applies to ...........?

1) European Union

2) North America

3) South East Asia

4) Africa

5) South America

8. 100^th International Labour Organization summit held in ...........on 13 June 2011?

1) Geneva

2) Paris

3) New York

4) Washington

5) Rome

9. National convention of Parliamentarians, Legislators, zilla parishad chairpersons and mayors on HIV/ AIDS held in...........on 4, 5 July 2011?

1) Mumbai

2) Hyderabad

3) Chennai

4) New Delhi

5) Pune

10. World Investors summit will be held in..........

1) Hyderabad

2) New Delhi

3) Bengaluru

4) Chennai

5) Kolkata

ANSWERS: 1)1 2)5 3)5 4)3 5)5 6)5 7)5 8)1 9)4 10)3

GK SERIES - 26

1. The process of the total valuation of the financial assets of a company is technically known as ' :

a. Market capitalization

b. Gross Domestic Product

c. Net wealth of the country

d. Gross Domestic Resources

e. None of these

2. Many a time, we read about rural indebtedness in various newspapers and magazines. What are the main causes of the rural indebtedness?

A Poverty

B. Inability to repay loans

C. Zamindari System, which prevented farmers from owning the land

a. Only A

b. Only B

c. Both A and B

d. Only C

e. All of these

3. Very often we read about Special Economic Zones (SEZs) in newspapers. What is the purpose of promoting SEZs in India?

A. They are established to promote exports.

B. They are established to attract investments from foreign countries.

C They are established to help the poorest of the poor in India as the activities of these zones are

reserved only for the poor and those living below the poverty line.

a. Only A

b. Only B

c. Only C

d. Only A and B

e. None of these

4. Which of the following is the percentage up to which FDI in defence sector is allowed?

a. 26%

b.41%

c. 31%

d.49%

e. None of these

5. The maximum amount of the total revenue earned by the Government of India comes from

a. Income Tax

b. Customs Duty

c. Excise Duty

d. Value Added Tax

e. Corporate Tax

6. Which public sector bank celebrated its Platinum Jubilee in late 2010?

a. Dena Bank

b. Bank of Maharashtra

c. Bank of Baroda

d. Canara Bank

e. None of these

7. Which of the following is not among the six infrastructure industries that comprise the "Cor Sector"?

a. Crude oil

b. Petroleum refinery products

c. Chemicals and fertilizers

d. Coal

e. All the above

8. Who among the following will the chairperson of the committee set up by the RBI on "Customer Services in Banks"?

a. YV Reddy

b. Deepak Prakash

c. M Damodaran

d. Subbarao

e. None of these

9. Which of the following is the full form of 'BRA" as used in banking industry?

a. Brazilian and Russian Association

b. Banking Restructuring Act

c. Borrowing Risk Assessment

d. Banking Regulation Act

e. None of these

10. The Securities and Exchange Board of India has decided to allow _____ to visit SEBI Bhavan to help them learn about the capital market regulator. .

a. Students

b. Foreign investors

c. Tourists d. Press

d. Press

e. None of these

ANSWERS: 1. A 2. E 3. D 4. A 5. C 6. B 7. C 8. C 9. D 10. A

GK SERIES - 27

1. We read in the newspapers about the deregulation of the pricing of petroleum products by the Government of India. Consider the following outcomes of the above step:

A This will make petroleum products prices cheaper and the pricing system will become more transparent.

B. This will improve the financial health of the country's Oil Marketing Companies (OMCs) and contribute to fiscal consolidation

C. This will end the subsidy on petroleum products.

Which of the above statements holds correct?

a. Only A

b. Only B

c. Only B and C

d. Only A and C

e. None of these

2. Which of the following committees has given its recommendations on "Financial inclusion"?

a. Vaghul Committee

b. Raghuram Rajan Committee

c. Rakesh Mohan Committee

d. Kelkar Committee

e. None of these

3. The agricultural census is done at which of the following intervals?

a. There is no fixed term

b. Every year

c. Once in 3 years

d. Once in 10 years

e. Once in 5 years

4. Development of watershed and dry land farming is the part of which of the following points of the Twenty point Programe of the Government of India?

a. Kisan Mitra

b. Khadya Suraksha

c. Garibi Hatao

d. Jan Shakti

e. None of these

5. The high rate growth of economy certainly reduces

a. Gender inequalities

b. Poverty

c. Population of a county

d. Flow of foreign investment

e. None of these

6. In economic, it is generally believed that the main objective of a public sector financial company, like bank is to

a. Employ more and more people

b. Maximise total profits

c. Maximise total production

d. Provide financial services to the people across the country

e. Sell goods at subsidized

7. Whenever the RBI does some Open Market Operation transaction, it actually wishes to regulate which of the following?

a. Inflation only

b. Liquidity in economy

c. Borrowing powers of the banks

d. Flow of foreign direct investment

e. None of these

8. What is Repo Rate?

a. It is the rate at which RBI sells government securities to banks.

b. It is the rate at which banks borrow rupees from RBI.

c. It is the rate at which RBI allows small loans in the market

d. It is the rate which is offered by banks to their most valued customers or prime customers

e. None of these

9. In a company, the use of price-sensitive corporate information by the company people to make gains or cover losses is known as

a. Insider trading

b. Future trading

c. Foreign trading

d. Stock trading

e. None of these

10. As per the instructions of the RBI, banks are required to give what percentage of their priority sector lending to weaker sections of the society?

a.15%

b.25% .

c. 30%

d. 35%

e. 40%

ANSWERS: 1. B 2. B 3. E 4. A 5. B 6. D 7. B 8. B 9. A 10. A

GK SERIES - 28

1.Michael D.Higgins replaced Mary McAleese as the President of which of the following countries?

1) Colombia

2) Ireland

3) Switzerland

4) Zimbabwe

5) Sweden

2.Who is the author of the book 'I was There-Memoirs of a Cricket Administrator'?

1) Ajit Wadekar

2)Chandu Borde

3) Jaywant Lele

4) Kirti Azad

5) Sharad Pawar

3.Devinder Pal Singh became the Chairman and Managing Director of which of the following banks in November 2011?

1) BOB

2) IOB

3) OBC

4) Punjab & Sind Bank

5) Punjab National Bank

4.Irom Sharmila Chanu's fast entered 12th year in November 2011. She is demanding the repeal of the Armed Forces (Special Powers) Act, 1958 in which of the following states?

1) Manipur

2) Nagaland

3) Tripura

4) West Bengal

5) Jammu & Kashmir

5.Bhupen Hazarika, Dada Saheb Phalke award winner, passed away recently. He was a music legend from which of the following states?

1) Orissa

2) Assam

3) Bihar

4) Jharkhand

5) West Bengal

6.Which city hosted the G20 Summit in November 2011?

1) Beijing

2) Toronto

3)Cannes

4) London

5) Seoul

7.India signed an agreement to promote oil exploration in South China Sea with which of the following countries during its President Troung Tan Sang's visit to New Delhi in October 2011?

1) Myanmar

2) China

3) Cambodia

4) Vietnam

5) Thailand

8.India's Polar Satellite Launch Vehicle(PSLV-C18)put VesselSat in orbit recently. Which country has built this satellite that will help in locating ships?

1) France

2) Luxembourg

3) USA

4) Germany

5) Russia

9.Which of the following statements about the HDI is/are correct?

1)The Human Development Report (HDR) 2011, released by the United Nations Development Programme (UNDP), has ranked India at 134th among 187 countries in the Human Development Index (HDI).

2)Norway topped the list for the second consecutive year. Democratic Republic of the Congo is ranked the last.

3)The HDI is a comparative measure of life expectancy, literacy and standards of living for countries worldwide.

4)The index was developed in 1990 by economists Mahbub ul Haq (Pakistan) and Amartya Sen(India).

5) All the above statements are correct.

10.The Special Protection Group (SPG) is responsible for the protection of the Prime Minister of India. Who was appointed the new Director of the SPG in November 2011?

1) B.V.Wanchoo

2) K.Durga Prasad

3) S.Subramaniam

4) K.Aravind Rao

5) None of these

11.The President of Myanmar visited India recently. His name?

1) U Thein Sein

2) U Aye Myint

3) Than Shwe

4) U Thant

5) None of these

12.Which country will host the World Steel Conference in October 2012?

1) China

2) India

3) Japan

4) USA

5) Australia

13.The American computer scientist who created the C programming language passed away recently. His name?

1) Steve Jobs

2) Dennis Ritchie

3) Ken Thompson

4) Patrick Fischer

5) None of these

14.Two former Presidents were awarded the 2011 World Food Prize for their success in tackling chronic hunger in their countries. One is Luiz Inacio Lula da Silva (Brazil) and the other is John Agyekum Kufuor. John Kufuor is the former President of which of the following African countries?

1) Sudan

2) Angola

3) Nigeria

4) Ghana

5) Ethiopia

15.Which team won the Durand Cup football tournament in October 2011? (It is the oldest football tournament in India)

1) Churchill Brothers

2) Prayag United

3) Mohun Bagan

4) Chirag United Kerala

5) None of these

ANSWERS: 1) 2 2)3 3)4 4)1 5)2 6)3 7)4 8)2 9)5 10)2 11)1

12)2 13)2 14)4 15)1

GK SERIES – 29

1. Which of the following bodies tightened the norms for foreign exchange risk cover in India mentioning that only companies with a networth of Rs 200 crore can use derivatives to hedge against risk of volatility in currency rates?

a. IMF

b. Reserve Bank of India

c. SEBI

d. Union Ministry of Finance

2. Which body in India finally provided tax exemption on the 9.5 per cent interest income on PF deposits for 2010-11?

a. Reserve Bank of India

b. Income Tax Department

c. Employees¶ Provident Fund Organisation

d. Corporate Affairs Ministry

3. (1) The report on Customer Service in Banks by a committee chaired by M. Damodaran, former Chairman of the Securities and Exchange Board of India (SEBI) that was released on 3 July 2011 recommended an increased deposit insurance cover of Rs.5 lakh so as to encourage individuals to keep all their deposits in banks.

(2) The panel also suggested blocking of lost ATM cards through SMS and immediate restoration of funds in case of non-dispensation of cash at an ATM within 5 working days. Which of the above is not true?

a. Only 1

b. Only 2

c. Both 1 & 2

d. None of the above

4. The Reserve Bank of India (RBI) in a bid to tame inflationary pressure hiked the short-term indicative policy rate (repo rate) by 50 basis points on 26 July 2011. The repo rate currently stands at what percentage?

a. 7%

b. 7.5%

c. 8%

d. 8.5%

5. Which bank posted a 99 per cent drop in net profit at Rs 21 crore for the fourth quarter ended 31 March 2011 against Rs 1867 crore during the corresponding period in 2010?

a. Indian Overseas Bank

b. State Bank of India

c. Bank of India

d. United Bank of India

6. Who did global payments processing company MasterCard appoint as the General Manager, South Asia and Country President, India?

a. T. V. Seshadri

b. Vicky Bindra

c. Tunde Lemo

d. Ajay Banga

7. Government of India on 19 July 2011 appointed Usha Ananthasubramanian, former general manager of Bank of Baroda (BoB) as executive director of which public sector lender?

a. Central Bank of India

b. Punjab National Bank

c. United Bank of India

d. Gramin Bank

8. Name the public sector lender that selected Metlife as its partner for a proposed foray into the life insurance segment.

a. Syndicate Bank

b. Punjab National Bank

c. Corporation Bank

d. United Bank of India

9. Which bank signed a memorandum of understanding with Dewan Housing Finance Corporation (DHFL) under which DHFL will distribute home loans to Yes Bank's customers?

a. Canara Bank

b. ABN Amro bank

c. Yes Bank

d. HSBC

10. Which life insurance company in India launched a new non-linked health insurance plan, Jeevan Arogya?

a. HDFC Standard Life Insurance Co. Ltd

b. Life Insurance Corporation of India

c. IDBI Fortis Life Insurance Company Ltd.

d. SBI Life Insurance Co. Ltd

ANSWERS: 1)B 2)B 3)B 4)C 5)B 6)A 7)B 8)B 9)C 10)B

GK SERIES – 30

1. We often come across the term Production Sharing Contract [PS(3)] in financial news these days. PSC refers to sharing of output with the government by companies, public sector as well private ones, in which sector ?

1) Fertiliser

2) Food processing

3) Telecom

4) Petroleum

5) None of these

2.What is the meant by recent news reports saying ± "Indian Rupee is appreciating"?

I) THe purchasing power of the Rupee in India has declined

II) The exchange rate of Rupee in India has gone up

III) The purchasing power of the Rupee in India has gone up

1) I only

2) II only

3) II or III only

4) III only

5) None of these

3.Which state was in news for passing a Bill for regulating Micro Finance Institutions recently?

1) Tamil Nadu

2) Bihar

3) Karnataka

4) Andhra Pradesh

5) None of these

4.Which of the following has become the first state to sign a MoU with the Ministry of Statistics and Programme Implementation under the state statistical strengthening project (SSSP) that will aim at building statistical capacity and infrastructure recently ?

1) Uttar Pradesh

2) Karnataka

3) Kerala

4) Tamil Nadu

5) None of these

5.The Pension Fund Regulatory and Development Authority (PFRDA) has taken which of the following decisions to popularise the New Pension System (NPS) recently ?

1) It has increased the interest rate on NPS deposits

2) It has allowed premature withdrawals

3) It has increased govt. subsidy for NPS deposit holders

4) It has increased distributors' commission

5) None of these

6.The All India Federation of Horoogical Industries represents the interests of which of the following sectors ?

1) Horticulture

2) Gems & Jewellery

3) Watch

4) Pharmaceuticals

5) None of these

7.The Ministry of New and Renewable Energy has decided to ti-up with which country to tap the latter's expertise in exploiting geo-thermal energy resources recently ?

1) South Africa

2) Iran

3) Iceland

4) Bolivia

5) None of these

8.Which public sector bank copelted the acquisition JSC Dana Bank of Kazakhstan recently?

1) Dena Bank

2) Canara Bank

3) PNB

4) Bank of India

5) None of these

9.GRIHA rating system is used for which of the following ?

1) Cement

2) NBFCs

3) Buildings

4) Gold

5) None of these

10.The Genetic Engineering Appraisal Committee (GAC) recently gave its approval for field trials of a genetically modified variety of which of the following cash crops ?

1) Coconut

2) Pepper

3) Cardamom

4) Rubber

5) None of these

11.Which of the following statements about exicise duty on cotton and man - made (synthetic) fibres is / are correct ?

I) Man - made (synthetic) fibres attract a higher excise duty than cotton fibres

II) Man-made (synthetic) fibres attract lower excise duty than cotton fibres

III) No excise duty is levied on cotton fibres

1) I only

2) II only

3) I and III only

4) III only

5) None of these

12.The Bombay Stock Exchange launched the BSE TASIS Shariah 50 - a stock index that iscompliant with Shariah - recently. The Index cannot invest in shares of companies in which of the following sectors ?

I) Banking

II) Cement & Steel

III) Alcohol & tobacco products

1) I only

2) I and II only

3) III only

4) I and III only

5) None of these

13.Which of the following has launched the 'Bank on Bike' initiative to cover villages untouched by banking facilities so far recently ?

1) Bank of India

2) Bank of Baroda

3) Central Bank of India

4) SBI

5) None of these

14.Which of the following has decided to enter the nuclear power sector following an agreement with the Nuclear Power Corporation recently ?

1) Tata Power

2) NHPC

3) Indian Oil

4) ONGC

5) None of these

15. Which of the following pairs of India's public sector banks and their headquarters are correctly matched ?

I) Punjab National Bank - New Delhi

II) Allahabad bank – Kolkata

III) Bank of India - Mumbai

1) I only

2) I and II only

3) II and III only

4) I, II and III

5) None of These

ANSWERS: 1) 4 2) 2 3) 4 4) 2 5) 4 6) 3 7) 3 8) 3 9) 3 10) 4 11) 3 12) 4 13) 4 14) 3 15) 4

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