Practice Test

Q1) A major Public Sector Bank raised interest rates in loans by 25 basis points - was news in some major financial newspapers recently. This means bank has raised interest by 25 basis points of--- Show Answer

Q2) Immediately prior to change in the measure of Food Inflation, which of the following indexes was being used for measuring it ? Show Answer

Q3) What is the full form of 'FINO' a term we see frequently in financial newspaper ? Show Answer

Q4) Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as --- Show Answer

Q5) Which of the following schemes is NOT launched by the Ministry of Rural Development, Govt. of India ? Show Answer

Q6) What role do Micro, Small and Medium Enterprises (MSMEs) play in a country's economic and industrial development ?
(A) They have the capacity to absorb skilled and unskilled labour available in the country.
(B) Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
(C) They help in eradication of poverty by providing self-employment opportunities. Show Answer

Q7) Which of the following statements about the Indian Economy is correct ? Show Answer

Q8) Which of the following is / are correct about the problems of Indian Agriculture ?
(A) Large agricultural subsidies are hampering productivity enhancing investments.
(B) Irrigation Infrastructure is in bad shape and needs immediate improvement.
(C) Frequent takeovers of fertile land by private companies and multinationals to launch big business complexes. Show Answer

Q9) Which of the following statements about Agro and Allied activities in NOT correct ? Show Answer

Q10) In some parts of India, Farmers face acute distress because of heavy burden of debt from non-institutional lenders. Who can be called a non-institutional lender ? Show Answer

Q11) Which of the following organisation prepares rural credit plans on annual basis for all districts in India. Which in turn form the base for annual credit plans of all rural financial institutions ? Show Answer

Q12) Which of the following is TRUE about the current population trend(s) in India ?
(A) Every year India adds more people to the world's population than any other country.
(B) Currently India has a young population which will grow somewhat older largely as a result of decline in fertility.
(C) The National Family Planning Programme did not contribute much in controlling fertility rate Show Answer

Q13) In economic terms, which of the following factors determine the 'Individual's demand' of a product / commodity ?
(A) Price of a commodity.
(B) Income of the individual.
(C) Utility and quality of a commodity Show Answer

Q14) Which of the following terms is used in the field of economics ? Show Answer

Q15) Which of the following is NOT a function of the Planning Commission of India ? Show Answer

Q16) India's foreign policy is based on several principles, one of which is ____. Show Answer

Q17) Many times we read a term 'Tax haven' in various newspapers. What does it mean ?
(A) It is country where certain taxes are levied at a very low rate.
(B) It is a country where people can dump their illegal money without any problem.
(C) It is a place where foreigners can work without paying any tax on their income Show Answer

Q18) Which of the following is NOT a Poverty Eradication Programme launched by the Govt. of India ? Show Answer

Q19) Many times we see in financial journals / bulletins a term M3. What is M3 ? Show Answer

Q20) As per new in various newspapers, Govt. has allocated a huge sum of Rs. 31,000 crore for 'RTE'. What is full form of RTE ? Show Answer

Q21) Which of the following is NOT a major function of the RBI in India ? Show Answer

Q22) The RBI has regional officers at various places. At which of the following places it DOES NOT have an office ? Show Answer

Q23) The performance of which of the following industries is considered performance of a core industry ? Show Answer

Q24) Basel Committee has given its recommendations on which of the following aspects of banking operations ? Show Answer

Q25) PIIGS is the group of nations falling under _____. Show Answer

Q26) India is self sufficient in production of which of the following commodities ? Show Answer

Q27) Which of the following is used as a fuel in Nuclear power stations in India ? Show Answer

Q28) Who amongst the following is the author of the book "Development as Freedom" ? Show Answer

Q29) Which of the following terms is used in Finance and Banking ? Show Answer

Q30) Who amongst the following has never held post of the Governor of the RBI ? Show Answer

Q31) The Centre's Expenditure Finance Committee in August 2013 cleared the Rs. 1161 crore multi-sectoral nutrition plan to stem child malnutrition, which will be launched during 2013-14 in Show Answer

Q32) Which of the following statements is / are true about sex ratio data of different religious groups released by the National Sample Survey Office in July 2013 ? Show Answer

Q33) Which of the following state governments, in July 2013, decided to launch a new scheme, "Mythri" to provide monthly pension of 500 for transgender ? Show Answer

Q34) Which of the following countries conducted anti-terrorist military drill in the Russia's Urals region in August 2013 with Russia codenamed "Mission Peace 2013" ? Show Answer

Q35) Which of the following measures was / were taken by the Reserve bank of India (RBI) on July 22, 2013 to discourage gold imports ? Show Answer

Q36) Why the Reserve bank of India (RBI) kept the indicative policy (repo) rate unchanged at 7.25 per cent while announcement the first quarter review of Monetary Policy for 2013-14 on July 30, 2013 ? Show Answer

Q37) Who among the following were honoured with Ramon Magsaysay Awards 2013 on August 31, 2013 ? Show Answer

Q38) Virginia Johnson, sex researcher who was part of the famed Masters and Johnson team that conducted ground breaking work on human sexuality passed away on July 24, 2013. Johnson and her husband William Masters published their first work 'Human Sexual Response' in the year Show Answer

Q39) Who among the following is the author of the book titled 'The Casual Vacancy' ? Show Answer

Q40) What does the letter 'L' denotes in term 'LAF' as referred to monetary policy of the RBI ? Show Answer