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SNAP GK Test - 5

Description: GK Test for MBA Entrance Exams (SNAP, XAT, TISS)
Number of Questions: 25
Created by:
Tags: SNAP GK XAT GK TISS GK GK for MBA exams Indian Economy Sports and Cinema History of India and Freedom Struggle General Knowledge Constitution of India Banking and Finance Who`s Who Persons in News
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Quit India Resolution was passed in

  1. Calcutta Session of INC

  2. Bombay Session of INC

  3. Madras Session of INC

  4. Allahabad Session of INC


Correct Option: B

The Indian Premier League is a very popular tournament. In which year was the tournament first played?

  1. 2006

  2. 2007

  3. 2008

  4. 2009


Correct Option: C

NPA is a classification used by financial institutions. It refers to loans that are in jeopardy of default. With effect from March 31, 2004, a non-performing asset (NPA) is deemed to be a loan or an advance where the account remains ‘out of order’ for a period of more than ____, in respect of an overdraft/cash credit.

  1. 30 days

  2. 45 days

  3. 60 days

  4. 90 days


Correct Option: D
Explanation:

NPA is a classification used by financial institutions. It refers to loans that are in jeopardy of default. With effect from March 31, 2004, a non-performing asset (NPA) is deemed to be a loan or an advance where the account remains ‘out of order’ for a period of more than 90 days, in respect of an overdraft/cash credit.

Who among the following was the Minister of Economy, Trade and Industry of Japan to resign from his/her position in October 2014?

  1. Toshimitsu Motegi

  2. Yukio Edano

  3. Yuko Obuchi

  4. Yoshio Hachiro

  5. Banri Kaieda


Correct Option: C

To which sport is Durand Cup related?

  1. Tennis

  2. Cricket

  3. Hockey

  4. Football


Correct Option: D

Which of the following are the reasons for slow growth of per capita income in India?

  1. High capital output ratio
  2. High growth of population
  3. Low capital formation
  1. 2 and 3

  2. 1 and 2

  3. 1 and 3

  4. All of the above


Correct Option: D

The President of which African country was sworn in for a 7th term in the year 2013?

  1. Mozambique

  2. Senegal

  3. Zimbabwe

  4. Sudan


Correct Option: C

Who among the following has been elected the ninth President of the International Olympic Committee (IOC)?

  1. Jacques Rogge

  2. Thomas Bach

  3. David Richardson

  4. Alex Horne


Correct Option: B

Which of the following statements is/are correct in relation to the Preamble of the Indian Constitution?

  1. It is not enforceable in a court of law.

  2. The Supreme Court has ruled that it is not a part of the Constitution.

  3. It has been amended twice.

  4. All of the above


Correct Option: A

Who among the following was sworn in as the President of Indonesia in October 2014?

  1. Bambang Brodjonegoro

  2. Joko Widodo

  3. Retno Marsudi

  4. Jusuf Kalla

  5. Ryamizard Ryacudu


Correct Option: B

Who among the following is not appointed by the Governor of a State?

  1. The Chief Minister of the State

  2. The Speaker of the Vidhan Sabha

  3. The Chairman of the State Public Service Commission

  4. Other ministers of the State


Correct Option: B
Explanation:

 The Speaker of the Vidhan Sabha is not appointed by the Governor of a State.

Levying of the following taxes falls within the state jurisdiction:

(a) Professional tax (b) Stamp duty (Property transfer) (c) Service tax (d) Land revenue

Which of the above is/are incorrect?

  1. Both (a) and (b)

  2. Only (d)

  3. Only (c)

  4. Both (c) and (d)


Correct Option: C

Who among the following is the first woman to ever lead a Fortune 500 company in India?

  1. Arundhati Bhattacharya

  2. Chanda Kochhar

  3. Shikha Sharma

  4. Kalpana Morparia


Correct Option: A

Bharatiya Janta Party (BJP) won the 2014 state assembly elections of Haryana and emerged as the largest party. How many seats did it win?

  1. 45

  2. 47

  3. 49

  4. 52

  5. 50


Correct Option: B
Explanation:

 The BJP emerged with a clear mandate in Haryana, winning 47 seats in the 90-member assembly with a 33.2% vote share.

Who among the following took over as the 7th President of Iran in August 2013?

  1. Mahmoud Ahmadinejad

  2. Hassan Rouhani

  3. Mohammad Javad Zarif

  4. Mohammad Khatami


Correct Option: B

Temporary tax levied to obtain additional revenue is called

  1. FBT

  2. Duty

  3. Surcharge

  4. MAT


Correct Option: C

Which among the following cities has won the right to host the 2020 Summer Olympic Games?

  1. Buenos Aires

  2. Madrid

  3. Istanbul

  4. Tokyo


Correct Option: D

Jeffrey P. Bezos, is the founder and CEO of which of the following e-commerce giants?

  1. Amazon.com

  2. eBay

  3. Alibaba.com

  4. Google


Correct Option: A

Which of the following companies is the foreign arm of ONGC?

  1. ONGC Videsh Limited

  2. ONGC Foreign Limited

  3. Videsh ONGC Limited

  4. FORONGC


Correct Option: A

Who among the following certifies whether a “Financial Bill” is a “Money Bill”?

  1. The President

  2. The Prime Minster

  3. The Finance Minister

  4. The Speaker of the Lok Sabha


Correct Option: D

The Reserve Bank of India in 2013 decided to open a forex swap window to meet the entire daily dollar requirements of three public sector oil marketing companies. Which are those three public sector oil marketing companies?

  1. GSPC, IOC and ONGC

  2. IOC, HPCL and BPCL

  3. BPCL, GSPC and ONGC

  4. HPCL, IOC and ONGC


Correct Option: B

Which of the following bodies regulates Mutual Funds in India?

  1. RBI

  2. IRDA

  3. SEBI

  4. CRISIL


Correct Option: C

Which of the following statements is/are true in respect of Marginal Standing Facility? A. MSF rate is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities. B. The MSF came into effect from May 2011. C. Under the Marginal Standing Facility (MSF), currently banks avail funds from the RBI on overnight basis against their normal statutory liquidity ratio (SLR) holdings.

  1. Only A

  2. Only A and B

  3. Only A and C

  4. All three A, B and C are true


Correct Option: B

What is the direct effect of deficit financing?

  1. It leads to extra money supply which in turn pushes up prices.

  2. It leads to extra money supply which in turn makes market more and more competitive.

  3. The price situation comes under complete control.

  4. Demand and supply both increase.


Correct Option: A
Explanation:

Correct Answer: It leads to extra money supply which in turn pushes up prices.

Fiscal Deficit is equal to

  1. Current Expenditure - Current Income

  2. Total Budget Expenditure (-) (Revenue Receipt + Capital Receipts Excluding Borrowing)

  3. Total Expenditure - Total Income

  4. (Current Expenditure + Capital Expenditure) - Current Income


Correct Option: B
Explanation:

Correct Answer: Total Budget Expenditure (-) (Revenue Receipt + Capital Receipts Excluding Borrowing)

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