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SNAP GK Test - 2 (Year 2014)

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 Sports and Cinema Indian Economy International Trade Persons in News General Knowledge Indian Geography Awards and Honours Banking and Finance Constitution of India
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Which among the following movies has been nominated as India’s official entry to the 2014 Oscars in the Best Foreign Film category?

  1. The Good Road

  2. The Lunchbox

  3. Bhaag Milkha Bhaag

  4. Celluloid


Correct Option: A

So far in the history of Indian cinema, only three Bollywood films have made it to the nomination stage of the Oscar Awards. Which amongst the following is the movie that did not share this honour?

  1. Mother India

  2. Gandhi

  3. Salaam Bombay

  4. Lagaan


Correct Option: B

Which among the following countries is the largest supplier of crude oil to India?

  1. Iran

  2. Russia

  3. Saudi Arabia

  4. Iraq


Correct Option: C

The Omkareshwar Multipurpose Project is proposed across which of the following rivers?

  1. Narmada

  2. Chambal

  3. Tapti

  4. Godavari


Correct Option: A

Who is the 12th President of Pakistan?

  1. Mamnoon Hussain

  2. Asif Ali Zardari

  3. Wajihuddin Ahmed

  4. Raza Rabbani


Correct Option: A

Who among the following persons is the recipient of the Lal Bahadur Shastri National Award 2014?

  1. Dr. Rajendra Achyut Badwe

  2. Dr. Apathukatha Sivathanu Pillai

  3. Smt. Tessy Thomas

  4. Prof. Yash Pal

  5. Smt. Aruna Roy


Correct Option: B

Who among the following was the first Finance Minister of independent India?

  1. R. K. Shanmukham Chetty

  2. John Mathai

  3. Liaquat Ali Khan

  4. C. D. Deshmukh


Correct Option: A

Which institution awards the famous literary award, Vyas Samman, in India?

  1. Rajiv Gandhi Foundation

  2. K. K. Birla Foundation

  3. National Centre for Performing Arts

  4. Sahitya Kala Academy


Correct Option: B

The Eurozone, a monetary union of European states, was established in 1999 and came into full force in 2002. How many states currently constitute the Eurozone?

  1. 18

  2. 19

  3. 21

  4. 23


Correct Option: B

Which article of the Constitution deals with the special status of Jammu and Kashmir?

  1. 356

  2. 343

  3. 370

  4. 395


Correct Option: C

The poorest of poor households in India are entitled to receive 35 kg food grains per household per month at highly subsidised prices of Rs. 3, Rs. 2 and Re. 1 per kg for rice, wheat, and coarse grains, respectively. Under which scheme are these instituted by the government?

  1. Food Security Act

  2. National Food Security Mission

  3. Rajiv Gandhi Anna Suraksha Yojana

  4. Antyodaya Anna Yojana


Correct Option: D

Who succeeded Robert Zoellick as the President of World Bank?

  1. Barber Conable

  2. Sir James Wolfensohn

  3. Paul Wolfowitz

  4. Jim Yong Kim

  5. Lewis T. Preston


Correct Option: D
Explanation:

Correct option is (4).

What differentiates Offer for Sale (OFS) process from IPOs/FPOs in the stock markets in India? A. OFS is a single day affair compared to 3-4 or more days for IPOs/FPOs. B. Under OFS, there is no restriction on number of bids from a single buyer. This facility is not available in FPOs/IPOs. C. OFS process is more transparent as it is done on a real-time basis with a system based bidding platform and involves the least amount of paperwork.

  1. Only B

  2. Only C

  3. Only A & C

  4. All three are correct


Correct Option: D

NJDG is a judicial initiative instituted by the Supreme Court of India as a process of judicial reforms in India. What does NJDG stand for?

  1. National Judicial Directives & Goals

  2. National Judicial Directives Generation

  3. National Judicial Data Grid

  4. National Judgments & Directions Group


Correct Option: C

NPCI - National Payments Corporation of India, is the umbrella body for all retail payment systems in India. When was NPCI incorporated?

  1. 1999

  2. 2003

  3. 2008

  4. 2011


Correct Option: C

Since the commencement of business from 1st April 2003, Agriculture Insurance Company of India Ltd. (AIC), has been overseeing the implementation and administration of crop insurance schemes in India. Under which scheme is AIC undertaking crop-insurance in India?

  1. CCIS

  2. NAIS

  3. FFIS

  4. ECIS


Correct Option: B

SLR is that proportion of a bank’s Net Demand and Time Liabilities (NDTL) which it has to maintain as investments in certain specified assets. What is the maximum limit to which RBI can raise the SLR?

  1. 40%

  2. 100%

  3. 50%

  4. 33%


Correct Option: A
Explanation:

Correct answer is (1). 

Which of the following options, represents the investment limit for FIIs in government debt in India?

  1. $10 billion

  2. $20 billion

  3. $30 billion

  4. $40 billion


Correct Option: C

Tax Administration Reform Commission (TARC), set up by the Finance Ministry to suggest measures to prevent economic offences among other things, is

  1. a constitutional body

  2. a permanent body

  3. an advisory body

  4. all of the above


Correct Option: C

Which of the following is/are the aim(s) of International Monetary Fund?

  1. To promote international monetary co-operation.
  2. Expansion of international trade and ensuring exchange rate stability.
  3. To assist in the removal of exchange restrictions and establishment of a multilateral system of payment.
  1. Only 2

  2. Only 2 & 3

  3. Only 1

  4. All of the above


Correct Option: D
Explanation:

The main aims of International Monetary Fund are to promote international monetary co-operation, expansion of international trade and ensuring exchange rate stability and to assist in the removal of exchange restrictions and establishment of a multilateral system of payment. International Monetary Fund (IMF) is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement.

With which of the following countries does India share the longest border?

  1. Bangladesh

  2. China

  3. Pakistan

  4. Myanmar


Correct Option: A
Explanation:

The decreasing order of the common borders is: Bangladesh - China - Pakistan - Myanmar

Historical author Patrick Modiano won the 2014 Nobel Prize for literature. What is his nationality?

  1. Italian

  2. French

  3. Spanish

  4. English

  5. Mexican


Correct Option: B

In October 2014, which Bollywood actor was appointed as the Goodwill Ambassador for UNICEF for South Asian region?

  1. Salman Khan

  2. Aamir Khan

  3. Shah Rukh Khan

  4. Abhishek Bachchan

  5. Amitabh Bachchan


Correct Option: B
Explanation:

Correct option is (2).

Which of the following items is/are not included in a country's balance of payments?

  1. Import and export duties

  2. Shipping services

  3. Interest received from abroad

  4. Tourists' expenditure


Correct Option: A
Explanation:

Import and export duties are not included in a country's balance of payments. Balance of payments accounts are an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the country's exports and imports of goods, services, financial capital, and financial transfers.

Germany does not share border with

  1. Netherlands

  2. France

  3. Italy

  4. Poland


Correct Option: C
Explanation:

Germany does not share border with Italy.  

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