Bank of Baroda Probationary Officers. Exam .,2008

(Held on 05-10-2008)

General Socio-Economic & Banking Awareness

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 means ____

(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 means ___

(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)

ANDHRA BANK I.T. OFFICER EXAM 2008

(HELD ON 28-09-2008)

General Awareness

1. Ashok Mankad who died recently was a famous -

(A) Journalist

(B) Cricket Player

(C) Politician

(D) Author

(E) Cine Artist

Ans (B)

2. The logo of the "Olympic Games - 2008" is named as -

(A) Dancing Beijing

(B) Race of Harmony

(C) One world one dream

(D) Beijing welcomes you

(E) None of these

Ans (A)

3. Midnight children is book written by -

(A) Kiran Desai

(B) Chetan Bhagat

(C) Salman Rusdie

(D) V.S.Naipaul

(E) None of these

Ans (C)

4. Which of the following teams won the "Asia cup cricket 2008" held in Karanchi in July 2008?

(A) India

(B) Pakistan

(C) Sri Lanka

(D) Bangladesh

(E) None of these

Ans (C)

5. The commonwealth Games 2010 are scheduled to be held in -

(A) Bnagalore

(B) Pune

(C) New Delhi

(D) Mumbai

(E) Hyderabad

Ans (C)

6. Which of the following teams won the "Champions Trophy" 2008 (of Hockey) held in June 2008?

(A) Russia

(B) England

(C) India

(D) Pakistan

(E) Australia

Ans (E)

7. The 34th G-8 Summit was organized in July 2008 in -

(A) France

(B) Germany

(C) Russia

(D) Italy

(E) Japan

Ans (E)

8. Which of the following is specifically designed to control various risk involve in Banking operations?

(A) RTGS

(B) FEMA

(C) Basel Norms

(D) EFTOPS

(E) All these

Ans (C)

9. In banking world providing credit and other financial services and products of very small amount to the poors in rural/semi-urban area is known as -

(A) NGO Finance

(B) Credit Finance

(C) Corporate Finance

(D) Micro Finance

(E) None of these

Ans (D)

10. Which of the following organizations has launched "Kick the CO2 Habit" Campaign to create awareness about "Global Warming"?

(A) ISRO

(B) WTO

(C) NASA

(D) UNO

(E) None of these

Ans (E) UNEP (United Nations Environment Programme)

11. Which of the following has been the approximate growth of India economy during 2007-08?

(A) 7 %

(B) 8 %

(C) 9 %

(D) 10 %

(E) 11 %

Ans (C)

12. Which of the following plays a very important role in farming guidelines/policies pertaining to provide credit facility to agriculculture and rural sectors?

(A) SIDBI

(B) NABARD

(C) ICICI Bank

(D) ECGE

(E) Exim Bank

Ans (B)

13. Who amongst the following was the Speaker of the Lok Sabha when Mnamohan Singh Govt. was required to go for "Vote of Confidence" on 22nd July 2008?

(A) Najma Heptulaha

(B) P.M.Sayeed

(C) Somnath Chatterjee

(D) Mohamad Hamid Ansari

(E) None of these

Ans (C)

14. Amar singh whose name was very much in news recently belongs to which of the following political parties?

(A) Bohujan Samaj Party

(B) Samajwadi Party

(C) Samta Party

(D) CPI (M)

(E) None of these

Ans (B)

15. The RBI Governor reviews the Annual Monetary and Credit Policy every time after a gap of -

(A) Two months

(B) Three months

(C) Four months

(D) Six months

(E) As and When required

Ans (B)

16. The Advertisement of which of the following banks has the punch line "Much more to do with you in focus"?

(A) State Bank of India

(B) ICICI Bank

(C) Bank of Baroda

(D) Bank of India

(E) Andhra Bank

Ans (E)

17. R.S.Gavai has taken over as the Governor of _

(A) Assam

(B)Jammu & Kashmir

(C) Biha

(D) Kerala

(E) None of these

Ans (D)

18. The unit of sound is -

(A) Dyne

(B) Joule

(C) Knot

(D) Watt

(E) Decibel

Ans (E)

19. Who amongst the following has written the book "Gandhiji's Emissary"?

(A) Arun Gandhi

(B) Abdul Sultan

(C) B.G.Varghese

(D) D.B.C.Pierre

(E) Sudhir Ghosh

Ans (E)

20. Who amongst the following has written the book "The Last Moghul"?

(A) John Banville

(B) Elfriede Jelinek

(C) Graham Green

(D) Hussain Haqqani

(E) William Darlymple

Ans (E)

SBI Probationary Officer's Exam Solved Paper 2008

(Held on 12-10-2008)

General Awareness/Computer Knowledge

1. Balmiki Prasad Singh has taken over as Governor of _____

(A) Goa

(B) Bihar

(C) Meghalaya

(D) Sikkim

(E) None of these

Ans (D)

2. The Paralympic Games in September 2008 were held at _____

(A) Tokyo

(B) New York

(C) Madrid

(D) Stckholm

(E) Beijing

Ans (E)

3. Which of the folowing is/are True about the National Rainfed Area Authority (NRAA) which was in news recently?

(1) The NRAA was set-up in 1955 at the initiative of the then Prime Minister J.L.Nehru

(2) NRAA was established to co-ordinate the work of five ministries associated with the development of rainfed areas

(3) NRAA is now converted into a Corporation of the same name

(A) Only 1

(B) Only 2

(C) Only 3

(D) All 1 , 2 & 3

(E) None of these

Ans (B)

4. Dalichi Sankyo has recently taken over which of the following Companies/Corporation of Indian base /

(A) Jet Airways

(B) Ranbaxy

(C) Bhilai Steel Plant

(D) National Textiles Corporation

(E) None of these

Ans (B)

5. The recent report on Global Development Finance released by the World Bank has projected India's GDP growth rate at which of the following levels?

(A) 5 %

(B) 6 %

(C) 7 %

(D) 8 %

(E) 9 %

Ans (C)

6. which of the following cities is placed at the top of the list of cities found suitable for "Global Commerce" compiled by the master cards? (Result of the survey were published in various financial newspaper)

(A) London

(B) New York

(C) Tokyo

(D) Beijing

(E) Mumbai

Ans (D)

7. The New Capital Adequacy Framework prescribed for banks in commonly known as ___

(A) Credit Policy

(B) Monetary Policy

(C) KYC Norms

(D) Basel Accord

(E) None of these

Ans (D)

8. As we all know Cash Reserve Ratio (CRR) in the percentage of the deposit banks keep in reserve with them . This ratio is also known as ___

(A) Repo Rate

(B) Reserve Repo Rate

(C) SLR

(D) Liquidity Ratio

(E) None of these

Ans (E)

9. The sudden turn of events in the economic environmental globally , in the last four to five month have resulted in slowing down of India's economic growth. Which of the following is/are the event(s) which has/have put their impact on Indian economy?

(1) Turmoil in US Credit market

(2) Large scale increase in the prices of crude oil and foodgrains

(3) Adoption of Basel II norms by the banks

(A) Only 1

(B) Only 2

(C) Only 3

(D) Both 1 & 2 only

(E) All 1,2 & 3

Ans (D)

10. Which of the following is India's Tax GDP ratio ?

(A) 5 %

(B) 15 %

(C) 25 %

(D) 30 %

(E) None of these

Ans (B)

11. Which of the following is known as 'Himadri' ?

(A) It is India's Space Craft launched to study the moon

(B) It is India's first Research Station in Arctic Region

(C) It is new battle tank produced by India

(D) It is new warship inducted in the Indian Navy recently

(E) None of these

Ans (B)

12. The Govt. of India recently announced a subsidized pricing policy based on nutrients in it of which of the following to protect the interest of the farmers ?

(A) Seeds

(B) Pesticides

(C) Fertilizers

(D) Organic Manure

(E) None of these

Ans (D)

13. The next Non-Aligned Movement SAummit 2009 is scheduled to be held in ___

(A) India

(B) Egypt

(C) Brazil

(D) South Africa

(E) None of these

Ans (B)

15. Ghulam Nabi Azad was in the news recently as he has resigned from the post of the ___

(A) Governor, Jammu & Kashmir

(B) Chief Minister , Jammu & Kashmir

(C) Governor , Jharkhand

(D) Chief Minister, Jharkhand

(E) Governor, Manipur

Ans (B)

15. When the growth of GDP in a country slows down suddenly,people start losing their jobs and the situation continues for several weeks,what name is given to this state of economy (A big was in this state recently.) ?

(A) Inflation

(B) Recession

(C) Deflation

(D) Economic Boom

(E) None of these

Ans (B)

16. "Lisbon Treaty" is the treaty accepted/adopted by the members of which of the following organizations recently ?

(A) NATO

(B) SAARC

(C) European Union

(D) Nuclear Supplier Group (NSG)

(E) None of these

Ans (C)

17. When a corporate entity wishes to raise money from the market it can do that by issuing ___

(A) Treasury Bill

(B) Momerandom of Association

(C) Kisan Vikas Patra

(D) National Saving Certificate

(E) Commercial Papers

Ans (E)

18. Russia has recently made a ceasefire Agreement with which of the following nations ?

(A) Ukraine

(B) Kazakhastan

(C) Croatia

(D) Georgia

(E) None of these

Ans (D)

19. The Govt. of India has decided to build a Nuclear Power Plant in which of the following North Eastern States ?

(A) Manipur

(B) Assam

(C) Meghalaya

(D) Arunachal Pradesh

(E) None of these

Ans (E)

20.India won it's individual Gold Medal in Beijing Olympic 2008 in which of the following events ?

(A) Hockey

(B) Football

(C) Lawn Tennis

(D) Swimming

(E) Rifle Shooting

Ans (E)

Indian Overseas Bank Probationary Officers Exam., 2008

(Held on 15-6-2008)

General Awareness

1. As we all know rise of the ‘BRICs’ has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of ‘Rise of the BRICs’ on global/other powerful economy/economies ?
1. Countries like China wish to learn more about outsourcing from India.
2. It has made countries to suffer from Sub-prime Crisis.
3. EURO has become a powerful currency and many non-Euro countries are in ‘Swap Agreement’ with various nations.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these

2. As per the reports published in the newspapers/journals how much amount the Govt. of India is planning to infuse in Public Sector Banks to make them competitive and strong globally ?
About—
(A) Rs. 10,000 crore
(B) Rs. 15,000 crore
(C) Rs. 20,000 crore
(D) Rs. 25,000 crore
(E) Rs. 30,000 crore

3. What is the maximum stake the Govt. of India has in any public sector bank at present ?
(A) 40%
(B) 49%
(C) 50%
(D) 64%
(E) 74%

4. Which of the following is not a major highlight of the Union Budget 2008-09 ?
1. A target of Rs. 2.80 lakhs crore is fixed for providing credit to agriculture sector.
2. Limit of the Banking Cash Transaction Tax is raised from present 1% to 1•5%.
3. PAN requirement is not mandatory for financial transactions. Other Ids are also acceptable.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 2 and 3
(E) All 1, 2 and 3

5. As per the news in major financial newspapers a ‘Rashtriya Swasthya Bima Yojana’ is launched in Delhi and Haryana States for members of unorganized sectors. Under the scheme each family is likely to get the benefit of Rs.………
(A) 15,000
(B) 20,000
(C) 25,000
(D) 30,000
(E) 50,000

6. As proposed in the Union Budget 2008-09 a ‘Risk Capital Fund’ is set up by the Govt. of India. Who amongst the following will maintain and operate that fund ?
(A) NABARD
(B) SIDBI
(C) ECGC
(D) RBI
(E) None of these

7. As per the Economic Survey 2007-08 presented in the Lok Sabha in February 2008, what has been the percentage growth in Bank credit ? About—
(A) 10%
(B) 15%
(C) 18%
(D) 21%
(E) 26%

8. As per the budget of the Indian Railways for 2008-09 the operating ratio of the railways has—
(A) Improved only by 0•5%
(B) Decreased by 0•5%
(C) Remained at the same level on which it was in 2007-08
(D) Reached at the level of 81%
(E) Reduced to the level of 63% which was the level of 2000-01

9. The government of India has launched a new scheme for the ‘Girl Child’. What is the name of the scheme ?
(A) Raj Lakshmi
(B) Rani Bitia
(C) Dhan Lakshmi
(D) Aanandita
(E) None of these

10. The President of India recently signed the much-awaited notification for the implementation of the suggestions made by the ‘Delimitation Commission’.
What will be the effect of this notification ?
(A) Parliamentary and Assembly constituencies will be redefined
(B) Candidates from SC/ST categories will get all benefits for another 15 years’ time
(C) The boundaries of the National Capital, New Delhi will be extended further
(D) Operations of the Cooperative Banks and Societies will not be limited to the state of their origin. They will also be like Public Sector Banks
(E) None of these

11. As per the new policy the number of Judges in the Supreme Court would be now—
(A) 21
(B) 25
(C) 26
(D) 30
(E) 31

12. As per the reports published in the newspapers the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/are such credit rating agencies in India ?
1. CARE
2. CRISIL
3. ULIP
(A) Only 1
(B) Only 2
(C) 1 and 2 only
(D) Only 3
(E) All 1, 2 and 3

13. As per the newspaper reports the RBI is planning to introduce ‘Plastic Currency Notes’. What is/are the benefits of ‘Plastic Notes’ ?
1. Their Shelf life will be longer.
2. It will replace plastic money or credit, debit cards which are giving birth to many fraudulent practices.
3. Printing will be cheaper.
(A) Only 3
(B) Only 2
(C) Only 1
(D) All 1, 2 and 3
(E) None of these

14. ‘Sub Prime Lending’ is a term applied to the loans made to—
(A) Those borrowers who do not have a good credit history
(B) Those who wish to take loan against the mortgage of tangible assets
(C) Those who have a good credit history and are known to bank since 10 years
(D) Those borrowers who are most preferred customers of the Bank
(E) None of these

15. As per the reports published in various journals and newspapers the ‘small borrowers’ in rural areas still prefer to take informal route for their credit needs. Which of the following is the ‘informal route’ of credit in financial sector ?
(A) Credit cards
(B) Loan against gold from financial institute
(C) Debit cards
(D) Money lender
(E) None of these

16. The Planning Commission of India has set up a 12 member committee on financial sector reforms. Who is the Chairman of the Committee ?
(A) Janki Raman
(B) Raghuram Rajan
(C) Rakesh Mohan
(D) K. V. Kamath
(E) None of these

17. Basel-II norms are associated with which of the following aspects of the banking industry ?
(A) Risk management
(B) Manpower planning
(C) Retirement benefits for the employees
(D) Corporate Governance
(E) None of these

18. What is meant by ‘Underwriting’ the term frequently used in financial sector ?
(A) Under valuation of the assets
(B) The Act of taking on a risk for a fee
(C) Giving a Guarantee that a loan will not become a bad loan
(D) The act of permission to float an IPO
(E) None of these

19. The government of India recently constituted the New Finance Commission (13th). What are its major functions ? To decide—
1. The salary structure of the employees of the Central Government.
2. The distribution of the net proceeds of taxes between states and Central Govt.
3. Rate of Income Tax and other taxes collected by the Union Govt.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these

20. Who amongst the following was the Captain of the Indian cricket team which registered its victory in tri-series ODI matches against Australia played in March 2008 ?
(A) M.S. Dhoni
(B) Anil Kumble
(C) Rahul Dravid
(D) Saurav Ganguly
(E) Sachin Tendulkar

21. Mr. Nicolas Sarkozy who was the chief guest during the Republic Day Function 2008 is the—
(A) President of Brazil
(B) Prime Minister of Brazil
(C) President of France
(D) Prime Minister of France
(E) Foreign Secretary of USA

22. Who amongst the following has taken over as the President of Serbia after the General elections held there in February 2008 ?
(A) Boris Tadic
(B) Tomislav Nicolic
(C) Samak Sundaravej
(D) Novak Djokovic
(E) None of these

23. Indra K. Nooyi who was elected as the Chairperson of the US-India Business Council is the CEO of which of the following Companies ?
(A) Pepsi Co.
(B) Infosys
(C) Tata Consultancy Services
(D) NIIT
(E) None of these

24. Maria Sharapova won the Australian Open 2008 Women’s singles by defeating—
(A) Shahar Peer
(B) Kateryna Bondarenko
(C) Sania Mirza
(D) Victoria Azarenka
(E) Ana Ivanovic

25. Saina Nehwal won the Seniors’ Championship match of which of the following games held in Goa in January 2008 ?
(A) Golf
(B) Tennis
(C) Table tennis
(D) Archery
(E) Badminton

26. As per the news published in some newspapers magazines two PSUs National Thermal Power Corporation and Coal India Ltd. are going to float a joint venture ‘SPV’. What is the full form of ‘SPV’ ?
(A) Small Power Venture
(B) Special Purpose Vehicle
(C) Special Power Venture
(D) Small Purpose Vehicle
(E) None of these

27. The Telecom Regulatory Authority of India (TRAI) recently agreed to allow foreign direct investment in the field of mobile television services. Upto what extent FDI is allowed in this field ?
(A) 50%
(B) 60%
(C) 64%
(D) 70%
(E) 74%

28. As per the performance assessment data released by the Economic Advisory Council (EAC) in January 2008. Which of the following sectors registered a growth of 3•6 per cent ?
(A) Agriculture Sector
(B) Banking Sector
(C) Tourism Sector
(D) Aviation Services Sector
(E) None of these

29. Which of the following is the name of very violent and serious types of winds which bring lot of disaster ?
(A) Trade winds
(B) Hurricane
(C) Cirrus
(D) Stratus
(E) None of these

30. The Global Employment Trends Report 2008 published by the International Labour Organization has indicated that there may be increase in global unemployment. What according to them is/are the major reasons of this possibility ?
1. Turmoil in Credit Markets all over the world.
2. Rise in oil prices in international market.
3. Civil unrest in some under and undeveloped nations.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) None of these

31. As we have noticed many banks of Indian origin are opening offices/branches in foreign countries. Why is this trend emerging at a very fast pace ?
1. These Banks wish to provide banking facilities to foreigners as banking facilities are not plenty in many foreign countries. India wants to take an advantage of the situation.
2. These banks wish to help Indian firms to acquire funds at internationally competitive rates.
3. These banks wish to promote trade and investment between India and other countries.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) Only 2 and 3

32. Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms ?
1. As Indian economy is getting increasingly integrated with the rest of the world the demand of the Corporate banking is likely to change in terms of size, composition of services and also the quality.
2. The growing foreign trade in India will have to be financed by the local banks.
3. Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this reference.
(A) Only 1 is correct
(B) Only 2 is correct
(C) Only 3 is correct
(D) All 1, 2 and 3 are correct
(E) None of these

33. As per the reports published in the newspapers Indian Rupee is now fully accepted in Asian countries like, Singapore, Hong Kong, Malaysia etc. What does it really mean ?
1. Anybody from Asian country can purchase Indian Rupee and keep it in his/her bank account in his/her country without any restrictions.
2. Now people in these nations are not required to go for a double conversion first in dollar and then in rupee.
3. People travelling European/Asian countries can make their payments in rupee anywhere without any problem.
(A) Only 1 is correct
(B) Only 2 is correct
(C) Only 3 is correct
(D) All 1, 2 and 3 are correct
(E) None of these

34. Which of the following is not a banking/finance related term ?
(A) Credit wrap
(B) EMI
(C) Held to Maturity
(D) Exposure limit
(E) Diffusion

35. Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions ?
1. Providing subsidy to agriculture.
2. Export of patented drugs/medicines by developed nations.
3. Restriction on natural movement of people from one nation to other.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) None of these

36. The Technology Mission on Cotton was launched during Xth plan. The scheme was designed to get increase in production of cotton by which of the following levels by the end of the plan ?
(A) 100 lakh bales
(B) 150 lakh bales
(C) 175 lakh bales
(D) 200 lakh bales
(E) None of these

37. A National Development Fund was created by the Government of India a few years ago. What was the purpose of the fund ?
1. Boost investment in social sector projects to promote education, healthcare and
employment.
2. Capital investments in selected profitable PSEs to yield adequate returns.
3. To fund revision in pay structure of Central Government employees.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) None of these

38. Olympic 2008 are scheduled to be held in—
(A) Paris
(B) Tokyo
(C) London
(D) Moscow
(E) None of these

39. The general elections took place in which of the following countries in March 2008 ?
(A) Iran
(B) Iraq
(C) Afghanistan
(D) Myanmar
(E) Sri Lanka

40. Who amongst the following is the author of the book ‘Economic Nightmare of India’ ?
(A) Morarji Desai
(B) K. Rajeshwar Rao
(C) Charan Singh
(D) Jyoti Basu
(E) None of these

41. As per the targets for 11th plan educated unemployment is to be reduced to which of the following levels ?
(A) 5%
(B) 6%
(C) 7%
(D) 8%
(E) 9%

42. ‘Long Walk’ to Freedom’ is a book written by—
(A) Sonia Gandhi
(B) L. K. Advani
(C) Nelson Mandela
(D) Benazir Bhutto
(E) Nawaz Sheriff

43. India recently signed a pact with which of the following countries on solving the problems of Indian labour in that country ?
(A) Iran
(B) UAE
(C) Malaysia
(D) Kuwait
(E) None of these

44. Which of the following countries is trying to launch a Satellite to study the sun ?
(A) USA
(B) India
(C) Russia
(D) China
(E) None of these

45. Jang Hyun Jong who was adjudged as the ‘Asian Hockey Player of the year’ is from—
(A) China
(B) Singapore
(C) South Korea
(D) India
(E) None of these

46. Who amongst the following is the winner of Padma Vibhushan Awards given away recently ?
(A) Rahul Gandhi
(B) Priya Dutt
(C) Vinod Dua
(D) Ratan Tata
(E) None of these

47. Which of the following films was adjudged ‘Best Film’ in 14th Star Screen Awards given away in January 2008 ?
(A) Om Shanti Om
(B) Guru
(C) Taare Zameen Par
(D) Jab We Met
(E) Chak De India

48. A meeting of the European Leaders was held in January 2008 at which of the following places to discuss ‘Global Economic Turmoil’ ?
(A) London
(B) New Delhi
(C) New York
(D) Tokyo
(E) Milan

49. Castro Sibling is the new President of—
(A) Romania
(B) Cuba
(C) Israel
(D) Venezuela
(E) None of these

50. Kosovo declared itself independent from which of the following countries ?
(A) Ukraine
(B) Croatia
(C) Serbia
(D) Russia
(E) None of these

Answers with Hint
1. (B) 2. (C) 3. (E) 4. (A) 5. (D) 6. (B)
7. (D) According to Economic Survey 2007-08, the percentage growth in bank credit is 21.5%.
8. (D) 9. (C) 10. (A) 11. (E) 12. (A)
13. (C) 14. (A) 15. (D) 16. (B) 17. (A)
18. (A) 19. (B) 20. (A) 21. (C) 22. (A)
23. (A) 24. (E) 25. (E) 26. (B) 27. (E)
28. (A) 29. (B) 30. (D) 31. (E) 32. (A)
33. (D) 34. (E) 35. (A) 36. (D) 37. (A)
38. (E) 39. (A) 40. (C) 41. (A) 42. (C)
43. (D) 44. (A) 45. (C) 46. (D) 47. (E)
48. (A) 49. (E) 50. (E)