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Banking GK-1 (2012)

Description: Test - 1 (Sept.)
Number of Questions: 25
Created by:
Tags: Test - 1 (Sept.) General Knowledge General Awareness The Reserve Bank of India General Studies Pie Chart
Attempted 0/25 Correct 0 Score 0

Special Drawing Rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the

  1. World Bank

  2. IBRD

  3. WTO

  4. IMF

  5. OECD


Correct Option: D

The Cabinet Committee on Economic Affairs on 20 July 2012 approved 10.82 per cent disinvestment in

  1. GAIL

  2. ONGC

  3. SAIL

  4. IOC

  5. NTPC


Correct Option: C

In 2012, India conducted its ________ Economic Census of commercial units.

  1. Fourth

  2. Fifth

  3. Sixth

  4. Seventh

  5. Eleventh


Correct Option: C

On August 20, 2012, Yang Jiechi met with a delegation of Indian senior diplomats headed by P.S. Raghavan to improve his country's relations with India. Yang Jiechi is the

  1. Foreign Minister of Japan

  2. Foreign Minister of China

  3. Foreign Minister of South Korea

  4. Defence Minister of Japan


Correct Option: B

Mark the odd one out:

  1. ICRA

  2. S & P

  3. CARE

  4. IRSIL


Correct Option: D

Exports from India are regulated and controlled by

  1. ECGC

  2. Ministry of Commerce

  3. EXIM Bank

  4. Ministry of Foreign Affairs

  5. CSO


Correct Option: A

Which of the following is/are covered under the Index of Industrial Production?

  1. Manufacturing
  2. Mining
  3. Electricity
  1. Only 1

  2. Only 3

  3. 1 & 3

  4. 1 & 2

  5. All of these


Correct Option: E

“Where ever you go, our network follows” is the punch line of

  1. Reliance

  2. Idea

  3. Hutch

  4. Airtel


Correct Option: C

Which of the following are covered under the Millennium Development Goals of the United Nations?

  1. Eradicating extreme poverty and hunger
  2. Achieving universal primary and secondary education
  3. Promoting gender equality and empowering women
  4. Reducing child mortality rates
  1. 1 & 3

  2. 1 & 4

  3. 1, 2 & 4

  4. 1, 3 & 4

  5. All of the above


Correct Option: D

Who is the new Chief Economic Advisor in the Finance Ministry (w.e.f 29th Aug, 2012)?

  1. Kaushik Basu

  2. Shivshankar Menon

  3. Sam Pitroda

  4. Raghuram Rajan

  5. Sukumar Sen


Correct Option: D

In India, National Income is estimated by

  1. Planning Commission

  2. NSSO

  3. CSO

  4. Ministry of Finance

  5. Finance Minister


Correct Option: C

Which of the following statements is/are true?

  1. Maharatna PSUs are the biggest Public Sector Undertakings (PSU)'s of India.
  2. Till now (Sept 2012), there are five officially declared Maharatna Companies in India.
  3. These Maharatnas are allowed to take decisions on projects independently of Govt. for values up to Rs. 5000 crores.
  1. Only 1

  2. 1 & 2

  3. 1 & 3

  4. 2 & 3

  5. 1, 2 & 3


Correct Option: E

On 6th Sept 2012, India's Plan panel has decided to lower annual average economic growth rate to _________ in the 12th Five Year Plan (2012-17) from earlier average economic growth rate of 9% due to lower economic growth and lack of appropriate policy measures.

  1. 7.4%

  2. 7.8%

  3. 8.2%

  4. 8.5%


Correct Option: C

In a major move for the aviation sector, the government on 14th Sept 2012 decided to allow foreign investment up to ____________ percent in local carriers.

  1. 26

  2. 49

  3. 51

  4. 74

  5. 85


Correct Option: B

As per RBI guidelines, what does “Sensitive Sector” mean?

  1. Money market

  2. Real estate

  3. Commodities

  4. Both (2) and (3)

  5. Capital market


Correct Option: D

As per official data, the source of maximum foreign direct investment into India (as on Sept 2012) is

  1. USA

  2. China

  3. Japan

  4. Mauritius

  5. UAE


Correct Option: D

Chahbahar port, which has been in news in Aug-Sept 2012 (in terms of India's external trade), is in

  1. India

  2. Pakistan

  3. Iran

  4. Saudi Arabia


Correct Option: C

'Drive your way' is the punch line of

  1. Hyundai

  2. Volkswagen

  3. Honda

  4. Renault


Correct Option: A

The first medal for India, in London Olympics (2012), was won by

  1. Sushil Kumar

  2. Saina Nehwal

  3. Gagan Narang

  4. Geeta Chaudhary

  5. Vijay Kumar


Correct Option: C

In April 2012, India signed six agreements (including a pact in oil and gas exploration) with

  1. Bahrain

  2. Saudi Arabia

  3. Qatar

  4. UAE

  5. Namibia


Correct Option: C

In the mid of 2012, Syria (due to its ongoing political crisis) was suspended from the membership of the _____________.

  1. African Union

  2. OECD

  3. Arab League

  4. WTO

  5. Organisation of Islamic Cooperation


Correct Option: E

In Sept 2012, the Asian Development Bank (ADB) announced that it would lend an extra $300 million to India to upgrade an additional 254 kilometres of state highways in

  1. Bihar

  2. Assam

  3. Manipur

  4. Orissa

  5. Gujarat


Correct Option: A

In Sept 2012, Schroder Singapore Holdings acquired 25% stake of a subsidiary of

  1. Yes Bank

  2. Mahindra Kotak

  3. ICICI

  4. HSBC

  5. Axis Bank


Correct Option: E

India's 'Look East Policy' is focused on

  1. Learning traditional and cultural values of Japan and South Korea

  2. Importing uranium from Australia and New Zealand

  3. Developing economic relations with Indo-China

  4. Building defence collaborations with Bangladesh and Myanmar to combat infiltration


Correct Option: C

Which of the following statements is/are true?

  1. In Sept 2012, Reserve Bank of India has raised the upper limit of external commercial borrowings by any individual company or group in order to increase foreign fund flow inside the domestic economy.
  2. As per the new regulation, a company can borrow funds through the ECB route to the tune of 75% of the average foreign exchange earnings in the immediate past three years or 50% of the highest foreign exchange earnings realized in any of those three years, whichever is higher.
  3. The maximum borrowing limit of USD 5 billion will be applicable here as well.
  1. Only 1

  2. Only 2

  3. 1 & 2

  4. 1 & 3

  5. All of these


Correct Option: C
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