Test-1
1. Which among the following organization compiles the Global Hunger Index (GHI)?
(A)United Nations World Food Programme
(B)United Nations Development Programme
(C)International Food Policy Research Institute (IFPRI)
(D)Food and Agriculture Organization of United Nations
2. Which among the following economists is best known for his concepts of New Trade
Theory and New Economic Geography?
(A)Edward C Prescot
(B)Amartya Sen
(C)Edmund S Phelps
(D)Paul Krugman
3. Which of the following country is India’s top trading partner?
(A)China
(B)UAE
(C)Saudi Arabia
(D)United States
4. Recently RBI governor D Subbarao has pointed out that “recent global macro
economic developments pose some risks to domestic growth.” What does he refer to
by using the term “domestic growth”?
(A)Per Capita Income
(B)Gross Domestic Product
(C)Net National product
(D)Net National Product per capita
5. Lending rates are expected to rise further in the coming months because the
Reserve Bank of India (RBI) is likely to ………………….. Which among the following
would fill the space correctly?
(A)Increase policy rates
(B)Decrease Policy Rates
(C)Conduct Open Market Operations
(D)Conduct Repo Auctions
6. Recently we read in the newspapers that in the country , there are undoubtedly,
negative risks to the fiscal deficit target of 4.6 per cent for 2011-12. Which among the
following does not poses such risk to the fiscal deficit targets?
(A)The higher Fuels, Food and Fertilizers prices
(B)Burden of Subsidy
(C)Low collection of Tax Revenue
(D)Lower external commercial borrowings
7. Recently, Kaushik Basu said that “Short-term growth can be compromised to
contain higher inflation rate as the country needs to retain long-term growth
prospects of the economy”. Who is Kaushik Basu?
(A)Deputy Governor of RBI
(B)Member of Planning Commission
(C)Chief economic advisor to the Finance Ministry
(D)Chairman of Prime Minister’s Economic Advisory Council
8. A news item published in a Financial News Paper in June 2011 said:
“FDI in _______________retail will increase efficiency of the supply chain management
for agri products and will ensure higher price to farmers. It will also create
opportunities for small producers to export their produce to international markets,”
Which among the following is a correct word that fits well in the blank space?
(A)Single Brand
(B)Multi Brand
(C)Agro products
(D)Engineering Products
9. Makran is located in which among the following ?
(A)Arabian Sea
(B)Indian Ocean near southern coast of Sri Lanka
(C)Bay of Bengal
(D)Mediterranean Sea
10. Who among the following had written the books “Reintegrating India with the
World Economy’ and ‘Understanding Reforms’.?
(A)C Rangrajan
(B)Amartya Sen
(C)Suresh Tendulkar
(D)C K Prahalad
Show Answer
11. What was the initial growth target of the Eleventh Plan (2007-08 to 2011-12) on
an average a year?
(A)7%
(B)8%
(C)9%
(D)10%
12. In the first four years of the Eleventh Plan, Indian economy expanded by which
among the following fractions?
(A)8.15%
(B)8.30%
(C)8.45%
(D)8.65%
13. As per the news published in several newspapers, the Government wants to spend
which among the following amounts on Infrastructure in the 12th Five-Year Plan
(2012-13 to 2016-17) ?
(A)Rs. 1 Trillion
(B)US$ 1 Trillion
(C)Rs. 500 Billion
(D)US$ 500 Billion
14. Who among the following is the head of National Skill Development Coordination
Board?
(A)Manmohan Singh
(B)Sonia Gandhi
(C)Pranab Mukherjee
(D)Montek Singh Ahluvalia
15. Recently we read in the newspapers that World Bank has now endorsed a longstanding
proposal that governments should impose a carbon levy. What is Carbon
Levy?
(A)It’s a tax levied on jet and shipping fuel to finance climate change mitigation
(B)It’s a tax levied on carbon fuel
(C)It’s a tax levied on production of fossil fuel and coal
(D)It’s a tax levied on production of coal only.
Test-2
1. What is India’s current rank as a shareholder in the World Bank ?
[A]5th
[B]6th
[C]7th
[D]8th
2. As per the new guidelines of the Reserve Bank of India, the interest on savings
bank accounts is done on which among the following rates per day on daily balance in
the customer’s savings account?
[A]0.0085%
[B]0.0095%
[C]0.010%
[D]0.0075%
3. Which among the following states in India was recently under some controversy
regarding launching an Islamic Bank?
[A]Tamil Nadu
[B]Uttar Pradesh
[C]Jammu & Kashmir
[D]Kerala
4. Consider the following about RIDF (Rural Infrastructure Development Fund):
1. Funds are disbursed to Panchayats
2. Operated by Ministry of Rural Development
3. Funds raised from Cooperative Banks
Which among the above statements is/ are correct?
[A]Only 1
[B]Only 1 & 2
[C]Only 2 & 3
[D]None of them
5. Consider the following :
1. Telecom sector
2. Services Sector
3. Automobile Sector
4. Housing and Real Estate
Which among the following is the correct decreasing order of foreign Direct
Investment in India in the above sectors?
[A]1 2 3 4
[B]2 1 3 4
[C]2 1 4 3
[D]1 2 4 3
6. Consider the following statements about International Development Association:
1. It provides interest free loans
2. It provides loans to poorest countries of world
3. India is its largest borrower
Which among the above statements is / are correct ?
[A]Only 1
[B]Only 1 & 2
[C]Only 2 & 3
[D]All 1, 2 & 3
7. Consider the following:
1. Provide Soft loans to Least Developed Countries fighting poverty
2. Foster economic growth in developing countries in Africa, Asia and Latin America
3. Reconstruction of countries after World War II
Which among the above were the original objectives of International Bank for
Reconstruction and Development?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3
8. From time to time, which among the following organizations releases “The Global
Enabling Trade Report”?
[A]World Bank
[B]World Trade Organization
[C]World Economic Forum
[D]UNCTAD
9. A Maharatna company can invest up to which among the following amounts in a
project independently?
[A]Rs. 1000 Crore
[B]Rs. 5000 Crore
[C]Rs. 10000 Crore
[D]Rs. 15000 Crore
10. Consider the following:
1. Providing credit
2. Open new accounts
3. Provide remittance facilities
4. Provide Cheap Insurance
Which among the above are objectives of Swabhiman Scheme?
[A]1
[B]1, 2
[C]1, 2, 3
[D]1, 2, 3, 4
11. The recent economic survey notes:
“The year 2010-11 has been a year of more than one such “skewflationary” episode”
What is skewflation?
[A]Sharp rise in Inflation rate in uneven percentages
[B]High Inflation coupled with Stagflation
[C]Inflation in some commodities , deflation in others
[D]Inflation in some commodities despite of very low demand
12. Recently, CIRUS, the 50 year old research reactor, and India’s symbol of the civil and military nuclear programme was shut down permanently. Where was located
CIRUS?
[A]Tarapur
[B]Kalpakkam
[C]Rawatbhata
[D]Mumbai
13. Which among the following states is building the Bharat Bangladesh Moitree
Udyan?
[A]Nagaland
[B]Tripura
[C]Meghalaya
[D]West Bengal
14. Who among the following has written the book “Growth & Finance”?
[A]Bimal Jalan
[B]K Subba Rao
[C]C Rangrajan
[D]Amartya Sen
15. Consider the following:
1. Uttar Pradesh
2. Madhya Pradesh
3. Rajasthan
Chambal river flows through which among the above states?
[A]1 & 2
[B]2 & 3
[C]1 & 3
[D]1, 2 & 3
Test-3
1. Consider the following statements in context with Bancassurance in India:
1. Currently, a bank can tie up with only one life insurer and a general insurer to sell
insurance products to its customers.
2. There has been a demand, that banks should be able to tie up with more partners.
Which among the above statements is/ are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 is correct
2. Consider the following:
1. Magnetic Strip Card
2. Chip Card
Which among the above work on the basis of EMV Technology?
(A)Only 1
(B)Only 2
(C)Both 1 & 2
(D)Neither 1 nor 2
3. What is the impact on the “Social overhead capital requirements” of an economy, if the population increases?
(A)Social overhead capital requirements fall
(B)Social overhead capital requirements remain unchanged
(C)Social overhead capital requirements increase
(D)Social overhead capital requirements fall drastically
4. Consider the following:
1. Discount Rate
2. Government Spending
3. Reserve Requirements
4. Open Market Operations
Which among the above are considered to be major instruments of monetary policy
for regulating the economy ?
(A)1, 2, 3 & 4
(B)1, 2, 3
(C)1,3, 4
(D)1, 2, 4
5. Consider the following:
1. Road and Railways
2. Schools
3. Sanitary Facilities
4. Hospitals
Which among the above are considered to be the Economic Overheads?
(A)Only 1
(B)1 & 2
(C)1, 2 & 3
(D)1, 2 , 3 & 4
Answer
6. Which among the following RBI Deputy Governors is heading a committee which
was set up to review the National Small Savings Fund (NSSF) and recommended
discontinuation of Kisan Vikas Patras (KVPs) and introduction of a 10-year National
Saving Certificate (NSC) scheme?
(A)K C Chakrabarty
(B)Subir Gokarn
(C)Anand Sinha
(D)Shaymla Gopinath
7. Many a times, we read in the newspapers about a term “contra funds”. Which
among the following is a correct statement about the contra funds?
(A)Contra funds are likely to perform well in the long run, but not in the short term
(B)Contra funds are likely to perform well in the short run, but not in the long term
(C)Contra funds are come with a guaranteed return and issued as a contract
(D)Contra funds are those funds in which ONLY corporate investors are allowed to
invest
8. Consider the following statements:
1. Gilt Funds are mutual fund schemes that invest in government securities (G-Secs),issued by the Reserve Bank of India on behalf of the government.
2. Gilt Funds are completely Risk Free and they do not expose investors to ANY kind
of risk
Which among the above statements is/ are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 is correct
9. Recently , we read in the newspapers that Floating rate term deposits (FRDs),
which are a variant of the fixed deposits offered by banks, have been now launched in India. Which among the following was the first bank that launched the FRDs in India(in September 2010)?
(A)State Bank of India
(B)ICICI Bank
(C)HDFC Bank
(D)Bank of India
10. Which among the following regulates the opening of bank accounts overseas by
Indian residents and for outward or inward remission of funds through authorized
channels?
(A)Ministry of External Affairs
(B)Ministry of Finance
(C)Ministry of Overseas Indians
(D)Reserve Bank of India
11. The General Anti Avoidance and Thin Capitalization Rules to combat illicit transfer of money and assets abroad through complex financial arrangements and
instruments, have been incorporated as a part of which among the following?
(A)Foreign Exchange Management Act, 1999 (FEMA)
(B)Prevention of Money Laundering Act, 2002 (PMLA)
(C)Direct Taxes Code Bill
(D)Income tax Act 1961
12. In context with the fight with the menace of Tax Evasion, how many countries
have started the “Peer Review Group” under the Global Forum for Transparency and Exchange of Information for Tax Purposes ?
(A)12
(B)14
(C)18
(D)22
13. Where is located the Central Institute of Indian Languages?
(A)Bangalore
(B)Mysore
(C)Bhopal
(D)Lucknow
14. The recently launched National Rural Livelihood Mission aims to ensure that at
least one member from each identified rural poor household, preferably a woman, is
brought under the which among the following networks / schemes / facilities in a time bound manner?
(A)MGNREGA
(B)Self Help Groups
(C)Financial Inclusion
(D)Food Security
15. Consider the following:
1. National Initiative on Climate Resilient Agriculture
2. National Mission of Sustainable Agriculture
Which among the above come under the Prime Minister’s National Plan on Climate
Change?
(A)Only 1
(B)Only 2
(C)Both 1 & 2
(D)Neither 1 nor 2
Test-4
1. The 110-km long Actual Ground Position Line (AGPL ), which has been a thorny
issue between India and Pakistan is located near which among the following?
(A)Siachen glacier
(B)Sir Creek
(C)Shakshgam
(D)Srinagar
2. Sandhyarani Devi Wangkhem, was a winner of a Silver Medal in the 2010 Asian
Games in Guangzhou, China. In which sports she won this medal?
(A)Shooting
(B)Taekwando
(C)Squash
(D)Wushu
3. The Saumitra Chaudhuri Panel has raised which among the following concerns in
context with the Ethanol Blending Programme of India?
(A)Issue on the high price of Ethanol
(B)Issues in availability of Ethanol
(C)Lack of Political will for this programme
(D)Mass advertising about the programme
4. Who among the following has been recently appointed as chairman of Central
Board of Direct Taxes?
(A)Prakash Chandra
(B)Sudhir Chandra
(C)Satyanand Mishra
(D)Sri Kumar
5. As per the recent Data released by the Central Statistical Organization, what is
India’s Percapita income in 2010-11?
(A)Rs. 54835
(B)Rs. 52165
(C)Rs. 56115
(D)Rs. 50143
6. Consider the following statements:
1. India’s economy expanded 7.8% in January- March 2011 (in real terms)
2. This is slowest growth of Indian Economy in Last five quarters
Which among the above statements is/ are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Neither 1 nor 2 is correct
7. Consider the following states:
1. When it became a republic, India was composed of exactly half number of the
states , than that of current numbers
2. The latest state in India were created in 2000
3. Most new states in India were created after linguistic or ethnic movements
Which among the above statements is/ are correct?
(A)1 & 2
(B)2 & 3
(C)1 & 3
(D)1, 2 & 3
8. Which among the following members of United Nations Security Council did NOT
abstain from voting on a UNSC resolution that approved a no-fly zone over Libya?
(A)India
(B)China
(C)Russia
(D)South Africa
9. In which among the following states of India, the longest tunnel on the Indian
Railways network (11 km) is under Construction?
(A)Tamil Nadu
(B)Bihar
(C)Maharastra
(D)Jammu & Kashmir
10. The tradition in southern India of using fermented flour for making ‘dosa’ is similar to the ‘Injara’ made in which among the following countries of Africa?
(A)Sudan
(B)Ethiopia
(C)Tanzania
(D)Kenya
11. “Many millennia ago, _________and India were joined as one landmass. Today we are separated by the waters of the Indian Ocean but our connections are deep…”
The blank space in the above statement which was recently made by Prime Minister
Manmohan Singh is correctly filled by which among the following?
(A)Australia
(B)Sri Lanka
(C)Africa
(D)Indonesia
12. In which among the following cities, recently Google has launched its popular but
controversial mapping service “Street View”?
(A)New Delhi
(B)Hyderabad
(C)Bangalore
(D)Mumbai
13. Which among the following is the correct objective of Government to create the
proposed NOFN?
(A)Provide Health Services in Rural Areas
(B)Provide Telecommunication Services in areas that are not connected to rest of the
world
(C)To lay down a Underground Cable in the Indian Ocean
(D)To provide Broadband Connectivity to rural areas
14. Consider the following fertilizers:
1. Phosphorous fertilizers
2. Potassium Fertilizers
3. Ammonium Fertilizers
In which among the above, the Government of India provides Subsidy under the NPS regime to local as well as imported?
(A)Only 1
(B)Only 1 & 3
(C)Only 3
(D)Only 1 & 2
15. Where is located the Export Promotion Council for Handicrafts (EPCH) ?
(A)Jaipur
(B)Delhi
(C)Kolkata
(D)Varanasi
Test-5
1. Recently, Mauritius has agreed to share information on bank accounts under its
double taxation avoidance agreement (DTAA) with India. Mauritius accounts for
approximately what fraction of foreign direct investment into India?
(A)20%
(B)30%
(C)40%
(D)55%
2. Cayman Islands are famous for which among the following?
(A)Tourism Hub
(B)Offshore Financial Centre
(C)Largest producer of Guava
(D)Population of Ethnic Indians
3. Recently we read in the newspapers, that Government is planning to issue
biometric smart cards to MNREGS beneficiaries for its flagship health insurance
scheme Rastriya Swasthya Bima Yojna, so that the misappropriation of funds under its rural employment scheme can be stopped. To make such arrangement, which among the following two ministries will have to cooperate?
(A)Ministry of Labour & Employment and Ministry of Health
(B)Ministry of Rural Development & Ministry of Health
(C)Ministry of Labour & Employment and Ministry of Rural Development
(D)Ministry of Panchayati Raj and Ministry of Health
4. What is the approximate current number of job cardholders under MGNREGS in
India?
(A)5 crore
(B)8 Crore
(C)11 Crore
(D)15 Crore
5. What is TDSAT?
(A)A satellite
(B)A Telecommunication Company
(C)A Tribunal
(D)A telecom business forum
6. Recently, Tine Mena, the 25 year old woman has become the first woman from
North East India to scale Mount Everest. Tine Mena belongs to which among the
following states?
(A)Nagaland
(B)Mizoram
(C)Arunachal Pradesh
(D)Meghalaya
7. At present, how many states of India are being served by Women Chief Ministers?
(A)Two
(B)Three
(C)Four
(D)Five
8. In which of the following Central Asian countries, the “Sharq Taronalari” film festivalis held biennially, in which many Indian artists also take part?
(A)Kazakhstan
(B)Uzbekistan
(C)Kyrgyz stan
(D)Tajikistan
9. What is the number of members in Economic Community of West African States
(Ecowas)?
(A)12
(B)16
(C)18
(D)36
10. In the last one decade, India’s trade with Africa has been overshadowed by an
aggressive trade policy by which among the following countries towards Africa ?
(A)Japan
(B)China
(C)South Korea
(D)United States
11. Recently Säteilyturvakeskus or STUK, which is a Radiation and Nuclear Safety
Authority was making news in context with the Jaitapur plant. STUK is from which
among the following countries?
(A)Finland
(A)Finland
(B)Norway
(C)Sweden
(D)Russia
12. Which among the following was steel plant of India is sometimes called India’s
First Swadeshi Steel Plant?
(A)Bengal Iron Works Company
(B)TISCO
(C)IISCO
(D)Bokaro Steel Plant
13. In context with Mobile telecommunication, what is the full form of CDMA?
(A)Code Division Multiple Access
(B)Chip Derived Multiple Access
(C)Cordless Device Multiple Access
(D)Carrier Device Multiple Access
14. Recently, the Government has given green signal to BPL Census in the country. In which year, the last BPL Census was carried out in India?
(A)1991
(B)1995
(C)1999
(D)2002
15. In which year, after independence, notes in denominations of Rs. 1,000, Rs. 5,000 and Rs. 10,000 were reintroduced in India?
(A)1950
(B)1954
(C)1958
(D)1961
