BANKERS ACADEMY, PALAKKAD (GK WITH SPECIAL REFERENCE TO BANKING}
1. As per revised estimates for 2010-11 released by CSO, the growth rate for Indian economy has been estimated to be—
(A) 9.5% (B) 8.6% (C) 9.8% (D) 6.7%
Answer: (b)
2. Propelled by higher crude petroleum and steel production, the index of the six ‘core' infrastructure industries registered 6.8 per cent higher growth in March 2011 compared to March 2011. What percentage growth did the index record?
a. 7.4% b. 7.1% c. 7.5% d. 7.34%
Answer: (a)
3. The Annual Monetary Policy for 2011-12 was presented by RBI Governor D.Subbarao on 3 May 2011. With regard to the monetary policies mention which of the following is/are not correct?
1. RBI increased the repo rate under the liquidity adjustment facility (LAF) by 50 basis points from 6.75 per cent to 7.25 per cent with immediate effect.
2. The Marginal Standing Facility (MSF) rate, determined with a spread of 100 basis points above the repo rate, stands calibrated at 8.75 per cent.
3. The Bank Rate has been retained at 5.0 per cent.
4. Reserve Bank of India (RBI) in May 2011 decided to accept the broad framework of regulations recommended by the Malegam Committee report on micro finance institutions (MFIs)
a. 3 & 4 b. 1 & 4 c. 2 & 3 d. 1 & 3
Answer: (c)
4. The Reserve Bank of India (RBI) capped bank investments into liquid schemes to what per cent of the bank’s net worth?
a. 15% b. 10% c. 12% d. 13.2%
Answer: (b)
5. Which Industry Body proposed setting up of National Knowledge Functional Hub (NKFH) to engage higher educational institutions with the industry in order to produce quality engineering graduates and meet increasing requirement of skilled hands in the market?
a. Food Corporation of India b. Federation of Indian Chambers of Commerce and Industry c. Biotechnology Council of India d. Confederation of Indian Industriese. ASSOCHAM
Answer: (b)
6. Which body in India demanded on 24 April 2011 introduction of financial support through legislation for preventing corrosion of machines, pipelines and industrial structures?
a. Confederation of Indian Industry b. Indian Ministry of Commerce c. Competition Commission of India d. Indian Chamber of Commerce
Answer: (a)
7. Which of the following bodies in April 2011modified the norms for appointment of its internal auditor?
a. SEBI b. PFRDA c. IRDA d. India Inc
Answer: (a)
8. According to the data released by Central Electricity Authority, India generated 811 billion units of electricity in 2010-11 fiscal marginally lower than the set target. What was the target set for electricity generation for 2010-11?
a. 830 billion units b. 830.8 billion units c. 815 billion units d. 818 billion units
Answer: (b)
9. Market regulator SEBI on 25 April 2011 sought more time from the Supreme Court to give its views on the report of a high-powered committee that probed case that dates back to 2006. Name the scam being referred to.
a. IPO scam b. Telgi Stamp Paper Scam c. UTI Scam d. Madhu Coda Scam
Answer: (a)
10. National Association of Software and Services Companies (NASSCOM) on 26 April 2011 announced which of the following individual’s appointment as its Chairman?
a. Rajendra S. Pawar b. Harsh Manglik c. N. Chandrasekaran d. Ganesh Natarajan
Answer: (a)
11. The Reserve Bank of India on 26 April 2011 fined 19 banks, including the country's top private and foreign banks for violating its guidelines on derivatives. Which is the only public sector bank on the list of banks to be fined?
a. State bank of India b. Punjab National Bank c. Bank of India d. Indian Bank
Answer: (a)
12. The Reserve Bank of India on 18 April 2011 formed a conglomerate cell within its supervisory set-up to keep a constant vigil on 12 large domestic and foreign banks. Which one of these banks will not come under the prescribed supervisory vigil?
a.State Bank of India b. Bank of India c. Bank of Baroda d. Canara Bank e. Punjab National Bank
Answer: (d)
13. Power equipment maker Bharat Heavy Electricals (BHEL) on 19 April 2011 announced that its consortium with Alstom won Rs 1,600 crore contract for steam turbine generators for which nuclear power station in India?
a. Kakrapur Nuclear Power Station b. Kalpakkam Nuclear Power Station c. Kudankulam Nuclear Power Plant d. Jaitapur Nuclear Power Project
Answer: (a)
14. Oil regulator Directorate General of Hydrocarbons (DGH) refused to which companies’ spending on KG-D6 gas fields?
a. Reliance Industries b. ONGC Videsh c. Essar Oil d. Mangalore Refinery and Petrochemicals Limited
Answer: (a)
15. Which of the following PSUs was honoured with the Outstanding PSU of the Year award by All India Management Association on 21 April 2011?
a. GAIL India b. ONGC c. Bharat Heavy Electricals Ltd. d. Indian Oil Corporation Ltd.
Answer: (a)
16. Which public sector bank decided to do away with the teaser home loan scheme beginning 30 April 2011?
a. State Bank of India b. Bank of India c. Union Bank d. Punjab National Bank
Answer: (a)
17. Read the sentences with respect to the Telecom Policy 2011.
1. Telecom Policy 2011 was unveiled by the Communications and IT Minister, Kapil Sibal on 11 April 2011.
2. The decision to move to a uniform licence fee in the telecom sector was also pronounced in the policy.
3. The norms concerning merger and acquisition (M&A) mentioned that the minimum number of operators will not be allowed to fall below eight at any point in time in each circle.
4. The policy highlighted formation of a committee, under the chairmanship of retired Supreme Court judge Shivraj Patil to draft the Telecom Act.
Which of the above mentioned facts are not true about Telecom Policy 2011?
a. 1,2 & 3 b. 3 & 4 c. 1 & 2 d. 2 & 3
Answer: (b)
18. Indian Finance Ministry on 11 April decided to issue biometric PAN cards to taxpayers across the country to erase the problem of duplicate and fake ones. Which Indian Finance Minister has first proposed the biometric PAN card?
a. Pranab Mukherjee b. P Chidambaram c. Jaswant Singh d. Yashwant Sinha
Answer: (b)
19. Which industry body representing GSM players announced in April 2011 its decision to combine forces with the government to ensure wide scale spread of mobile broadband?
a. Cellular Operators Association of India b. Cellular Rights Association c. TRAI’s Cellular Arm d. DIT
Answer: (a)
20. The 218-km Chainsa-Sultanpur-Neemrana pipeline was commissioned on 9 April 2011. Which of the following built the pipeline?
a. RIGZONE b. GAIL (India) c. High - Tech Group of Companies d. Max Engineering
Answer: (b)
(A) 9.5% (B) 8.6% (C) 9.8% (D) 6.7%
Answer: (b)
2. Propelled by higher crude petroleum and steel production, the index of the six ‘core' infrastructure industries registered 6.8 per cent higher growth in March 2011 compared to March 2011. What percentage growth did the index record?
a. 7.4% b. 7.1% c. 7.5% d. 7.34%
Answer: (a)
3. The Annual Monetary Policy for 2011-12 was presented by RBI Governor D.Subbarao on 3 May 2011. With regard to the monetary policies mention which of the following is/are not correct?
1. RBI increased the repo rate under the liquidity adjustment facility (LAF) by 50 basis points from 6.75 per cent to 7.25 per cent with immediate effect.
2. The Marginal Standing Facility (MSF) rate, determined with a spread of 100 basis points above the repo rate, stands calibrated at 8.75 per cent.
3. The Bank Rate has been retained at 5.0 per cent.
4. Reserve Bank of India (RBI) in May 2011 decided to accept the broad framework of regulations recommended by the Malegam Committee report on micro finance institutions (MFIs)
a. 3 & 4 b. 1 & 4 c. 2 & 3 d. 1 & 3
Answer: (c)
4. The Reserve Bank of India (RBI) capped bank investments into liquid schemes to what per cent of the bank’s net worth?
a. 15% b. 10% c. 12% d. 13.2%
Answer: (b)
5. Which Industry Body proposed setting up of National Knowledge Functional Hub (NKFH) to engage higher educational institutions with the industry in order to produce quality engineering graduates and meet increasing requirement of skilled hands in the market?
a. Food Corporation of India b. Federation of Indian Chambers of Commerce and Industry c. Biotechnology Council of India d. Confederation of Indian Industriese. ASSOCHAM
Answer: (b)
6. Which body in India demanded on 24 April 2011 introduction of financial support through legislation for preventing corrosion of machines, pipelines and industrial structures?
a. Confederation of Indian Industry b. Indian Ministry of Commerce c. Competition Commission of India d. Indian Chamber of Commerce
Answer: (a)
7. Which of the following bodies in April 2011modified the norms for appointment of its internal auditor?
a. SEBI b. PFRDA c. IRDA d. India Inc
Answer: (a)
8. According to the data released by Central Electricity Authority, India generated 811 billion units of electricity in 2010-11 fiscal marginally lower than the set target. What was the target set for electricity generation for 2010-11?
a. 830 billion units b. 830.8 billion units c. 815 billion units d. 818 billion units
Answer: (b)
9. Market regulator SEBI on 25 April 2011 sought more time from the Supreme Court to give its views on the report of a high-powered committee that probed case that dates back to 2006. Name the scam being referred to.
a. IPO scam b. Telgi Stamp Paper Scam c. UTI Scam d. Madhu Coda Scam
Answer: (a)
10. National Association of Software and Services Companies (NASSCOM) on 26 April 2011 announced which of the following individual’s appointment as its Chairman?
a. Rajendra S. Pawar b. Harsh Manglik c. N. Chandrasekaran d. Ganesh Natarajan
Answer: (a)
11. The Reserve Bank of India on 26 April 2011 fined 19 banks, including the country's top private and foreign banks for violating its guidelines on derivatives. Which is the only public sector bank on the list of banks to be fined?
a. State bank of India b. Punjab National Bank c. Bank of India d. Indian Bank
Answer: (a)
12. The Reserve Bank of India on 18 April 2011 formed a conglomerate cell within its supervisory set-up to keep a constant vigil on 12 large domestic and foreign banks. Which one of these banks will not come under the prescribed supervisory vigil?
a.State Bank of India b. Bank of India c. Bank of Baroda d. Canara Bank e. Punjab National Bank
Answer: (d)
13. Power equipment maker Bharat Heavy Electricals (BHEL) on 19 April 2011 announced that its consortium with Alstom won Rs 1,600 crore contract for steam turbine generators for which nuclear power station in India?
a. Kakrapur Nuclear Power Station b. Kalpakkam Nuclear Power Station c. Kudankulam Nuclear Power Plant d. Jaitapur Nuclear Power Project
Answer: (a)
14. Oil regulator Directorate General of Hydrocarbons (DGH) refused to which companies’ spending on KG-D6 gas fields?
a. Reliance Industries b. ONGC Videsh c. Essar Oil d. Mangalore Refinery and Petrochemicals Limited
Answer: (a)
15. Which of the following PSUs was honoured with the Outstanding PSU of the Year award by All India Management Association on 21 April 2011?
a. GAIL India b. ONGC c. Bharat Heavy Electricals Ltd. d. Indian Oil Corporation Ltd.
Answer: (a)
16. Which public sector bank decided to do away with the teaser home loan scheme beginning 30 April 2011?
a. State Bank of India b. Bank of India c. Union Bank d. Punjab National Bank
Answer: (a)
17. Read the sentences with respect to the Telecom Policy 2011.
1. Telecom Policy 2011 was unveiled by the Communications and IT Minister, Kapil Sibal on 11 April 2011.
2. The decision to move to a uniform licence fee in the telecom sector was also pronounced in the policy.
3. The norms concerning merger and acquisition (M&A) mentioned that the minimum number of operators will not be allowed to fall below eight at any point in time in each circle.
4. The policy highlighted formation of a committee, under the chairmanship of retired Supreme Court judge Shivraj Patil to draft the Telecom Act.
Which of the above mentioned facts are not true about Telecom Policy 2011?
a. 1,2 & 3 b. 3 & 4 c. 1 & 2 d. 2 & 3
Answer: (b)
18. Indian Finance Ministry on 11 April decided to issue biometric PAN cards to taxpayers across the country to erase the problem of duplicate and fake ones. Which Indian Finance Minister has first proposed the biometric PAN card?
a. Pranab Mukherjee b. P Chidambaram c. Jaswant Singh d. Yashwant Sinha
Answer: (b)
19. Which industry body representing GSM players announced in April 2011 its decision to combine forces with the government to ensure wide scale spread of mobile broadband?
a. Cellular Operators Association of India b. Cellular Rights Association c. TRAI’s Cellular Arm d. DIT
Answer: (a)
20. The 218-km Chainsa-Sultanpur-Neemrana pipeline was commissioned on 9 April 2011. Which of the following built the pipeline?
a. RIGZONE b. GAIL (India) c. High - Tech Group of Companies d. Max Engineering
Answer: (b)
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