1. Consider the following statements about the 13th finance commission :
1. It was constituted to give recommendations on specified aspects of centre-state fiscal relations
during 2010-2015.
2. It will give recommendation for the cordial relation between centre & the states
Which of the statements given above is / are correct ?
(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2
Ans : (A)
2. Which among the following is the first commercial bank of limited liability managed by Indians ?
(A) Punjab National Bank
(B) Oudh Commercial Bank
(C) Imperial Bank of India
(D) Bank of Baroda
Ans : (B)
3. What is International Development Association ?
(A) A voluntary association of developing countries
(B) A federation of International lending agencies
(C) An affiliate of World Bank
(D) An organization of donor countries of European Union
Ans : (C)
4. Match list-I with list-II and select the correct answer using the codes given below the lists :
List-I (Industrialist)
(a) Nandan Nilekani
(b) B.L. Munjal
(c) Jagdish Khattar
(d) Sunil Mittal
List-II (Industrial Unit/Group)
1. Maruti Udyog
2. Bharti Telecom
3. Infosys
4. Hero Honda
5. ITC
Codes :
(a) (b) (c) (d)
(A) 2 4 1 3
(B) 3 1 5 2
(C) 2 1 5 3
(D) 3 4 1 2
Ans : (D)
5. The Small Industries Development Bank of India (SIDBI) provides refinance facilities under ARS. What is the full form of ARS ?
(A) Automatic Refinance Scheme
(B) Allocation and Refinance Solutions
(C) Automatic Refinance Solution
(D) Allocation and Refinance Scheme
(E) None of these
Ans : (A)
6. Which one of the following was the chairman of the committee on pricing and taxation of petroleum products ?
(A) Raja J. Chelliah
(B) C. Rangarajan
(C) Y. V. Reddy
(D) Abid Hussain
Ans : (B)
7. What was the limit of ARS fixed initially by the Small Industries Bank of India (SIDBI) ?
(A) Rs. 10 lakh
(B) Rs. 20 lakh
(C) Rs. 25 lakh
(D) Rs. 35 lakh
(E) Rs. 45 lakh
Ans : (A)
8. The Small Industries Development Bank of India (SIDBI) has been operating under SWS. What is the full form of SWS ?
(A) Small Welfare Scheme
(B) Single Window Scheme
(C) Small Window Service
(D) Single Window Service
(E) None of these
Ans : (D)
9. When was the Small Industries Development Bank of India (SIDBI) set up ?
(A) 1988
(B) 1990
(C) 1992
(D) 1998
(E) None of these
Ans : (B)
10. As on 31st March, 1991, paid up capital of Small Industries Development Bank of India was—
(A) Rs. 100 crore
(B) Rs. 150 crore
(C) Rs. 200 crore
(D) Rs. 450 crore
(E) Rs. 300 crore
Ans : (D)
11. The Small Industries Development Bank of India was established as a wholly owned subsidiary of—
(A) ECGC
(B) RBI
(C) NABARD
(D) IDBI
Ans : (D)
12. One of the objectives of the 11th five year plan is to reduce the poverty ratio by how much percentage points by the year 2012 ?
(A) 2%
(B) 2•5%
(C) 3•5%
(D) 10%
(E) 5•5%
Ans : (D)
13. Which of the following is the target fixed by the 11th five year plan pertaining to increase in the literacy by the year 2012 ? The level should be increased to—
(A) 50%
(B) 60%
(C) 70%
(D) 85%
(E) 90%
Ans : (D)
14. The Head Quarter of SIDBI is located at—
(A) New Delhi
(B) Mumbai
(C) Lucknow
(D) Bangaluru
Ans : (C)
15. Decline in the price of goods and services is technically known as—
(A) Deflation
(B) Inflation
(C) Negative growth
(D) Discount yield
(E) None of these
Ans : (A)
16. The Union Minister of Commerce and Industry in his announcement of Foreign Trade Policy for 2009-10 set a target to take the Foreign Trade to the level of—
(A) $ 100 billion
(B) $ 200 billion
(C) $ 180 billion
(D) $ 300 billion
(E) $ 160 billion
Ans : (B)
17. Match list-I with list-II and select the correct answer using the code given below the lists :
List-I (Company)
(a) Chevron
(b) AT &T
(c) AMD
(d) Enercon GmbH
List-II (Major Area/Product)
1. Wind energy
2. Oil
3. Telephone internet
4. Micro processor
Codes :
(a) (b) (c) (d)
(A) 2 1 4 3
(B) 4 3 2 1
(C) 2 3 4 1
(D) 4 1 2 3
Ans : (C)
18. ‘Blue Revolution’ is related to—
(A) Space Research
(B) Fisheries
(C) Drinking Water
(D) Poultry
Ans : (B)
19. Which of the following is/are the component(s) of Gross Domestic Capital Formation (GDCF) ?
(1) Gross Domestic Savings
(2) Net Capital Inflow
(3) Direct Foreign Investment
Codes :
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) Both (1) and (3)
(E) Both (1) and (2)
Ans : (E)
20. Small Scale Industry like handicraft and cottage industries account for nearly what per cent of the country’s exports ?
(A) 15%
(B) 20%
(C) 30%
(D) 35%
(E) 50%
Ans : (B)
21. Normally two types of factors are responsible for industrial sickness extrogenous and endogenous. Which of the following is not and endogenous factor of industrial sickness ?
(A) Shortage of power
(B) Mismanagement
(C) Diversion of funds
(D) Excessive overheads
(E) Overestimation of demand
Ans : (A)
22. While preparing estimates of savings it is customary to divide the economy into three sectors. Which of the following is/are considered part(s) of these sectors ?
(1) The household sector
(2) Corporate sector
(3) Government sector
Codes :
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) Both (1) and (2)
(E) All (1), (2) and (3)
Ans : (E)
23. Which of the following is an employment generating scheme ?
(A) Ganga Kalyan Yojana
(B) IRDA
(C) Swarnjayanti Shahri Rozgar Yojana
(D) Mid Day Meal Scheme
(E) All of these
Ans : (C)
24. Which of the following is the ceiling enforced by the European commission on the budget deficit in terms of the percentage of the GDP, on its member countries ?
(A) 1%
(B) 2%
(C) 3%
(D) 5%
(E) None of these
Ans : (C)
25. VAT is—
(A) Value Added Tax
(B) Value Added Temple
(C) Value Assets Total
(D) None of these
Ans : (A)
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