OBJECTIVE QUESTIONS FOR ECONOMICS, TAXES MONEY AND BANKING
Choose the correct option from the choices given under the question.
1. The largest revenue in India is obtained from __________
1. Railways 2. Excise Duty
3. Sales Tax 4. Direct Taxes
ANSWER: 2
2. The tax levied by Central Government and collected by State Government is
________
1. Stamp Duty 2. Excise Duty
3. Income Tax 4. Gift Tax
ANSWER: 1
3. What is the major share in revenue of State Governments?
1. Stamp Duty 2. Excise Duty
3. Sales Tax 4. Income Tax
ANSWER: 3
4. The tax levied by Local Governments i.e. Municipal Corporations and
municipalities is ____________
1. Income Tax 2. Wealth Tax
3. House Tax 4. Gift Tax
ANSWER: 3
5. The tax collected by the State Governments and given to local bodies is
__________
1. Income Tax 2. Wealth Tax
3. House Tax 4. Professional Tax
ANSWER: 4
6. The period for Call Money is ________
1. 10 to 15days 2. 1 to 14 Days
3. 15 to 30 Days 4. One Month
ANSWER: 2
7. Who regulates the money circulation in India?
1. State Bank Of India 2. Reserve Bank Of India
3. NABARD 4. Commercial Banks
ANSWER: 2
8. Which of the following is not an organized sector in India?
1. Nationalised Banks 2. Regional Rural Banks
3. Cooperative Banks 4. Chits and Money lenders
ANSWER: 4
9. Who will settle the grievances of customers of banks?
1. Reserve Bank of India 2. State Bank of India
3. Local Courts 4. Ombuds Men
ANSWER: 4
10. Who introduced the Banking Ombudsmen Scheme?
1. RBI 2. SBI
3. Ministry of Finance 4. NABARD
ANSWER: 1
11. When was OMBUDS MEN SCHEME first introduced?
1. November 2006 2. October 1981
3. June 1995 4. January 1998
ANSWER: 3
12. Which was the firth Bank corporated by the Indians? (1881)
1. Imperial Bank of India 2. State Bank Of India
3. Avadh Commercial Bank 4. Reserve Bank of India
ANSWER: 3
13. When was the Avadh Commercial Bank established?
1. 1881 2. 1894
3. 1898 4. 1899
ANSWER: 1
14. When was Reserve Bank of India established?
1. 1920 2. 1925
3. 1935 4. 1948
15. When was Reserve Bank of India Nationalised?
1. 1947 2. 1948
3. 1949 4. 1950
ANSWER: 3
16. When was Indian Banking Act come into force?
1. 1948 2. 1949
3. 1950 4. 1951
ANSWER: 2
17. Imperial Banks were amalgamated and changed as _________
1. Reserve Bank of India 2. State Bank of India
3. Subsidiary Banks 4. Union Bank of India
ANSWER: 2
18. When was Imperial Bank was Changed as State Bank of India?
1. January 1st 1935 2. Feb 26 1947
3. July 1st 1955 4. July 1st 1959
ANSWER: 3
19. How many banks were first nationalised?
1. 10 2. 12
3. 14 4. 16
20. When was the second phase of nationalisation of banks done?
1. 9th July 1969 2. 10th July 1968
3. 16th August 1985 4. 15th April, 1980
ANSWER: 4
21. How many banks were in second phase of nationalisation?
1. 4 2. 5
3. 6 4. 7
ANSWER: 3
22. Who will act as the banker to the Government of India?
1. State Bank of India 2. Reserve Bank of India
3. NABARD 4. Nationalised Banks
ANSWER: 2
23. Where is the Head Quarter of Reserve Bank of India?
1. Mumbai 2. Delhi
3. Kolkotta 4. Ahmedabad
ANSWER: 1
24. Who was first governor of Reserve Bank of India?
1. K.A. Narasimham 2. Malhotra
3. A.K. Vadia 4. A.B.A Smith
ANSWER: 4
25. When was Lead Bank Scheme introduced?
1. 1967 2. 1968
3. 1969 4. 1974
ANSWER: 3
Labels: OBJECTIVE QUESTIONS FOR ECONOMICS, TAXES MONEY AND BANKING 0 comments
General Socio-Economic and Banking Awareness For Bank Probationary Officers Exam
Posted by exam Sunday, May 30, 2010 at 3:40 AM
General Socio-Economic & Banking Awareness For Bank Probationary
Officers Exam
1. India recently proposed with which of the following countries to develop
solar city ?
(A) Russia
(B) Japan
(C) U.S.A.
(D) Poland
2. Which of the following has been brought within the ambit of the Right to
Information by the recent Delhi High Court Verdict?
(A) President of India
(B) Prime Minister of India
(C) Chief Justice of the Supreme Court
(D) None of the above
3. The Jawahar Lal National Solar Mission recently launched by Prime Minister
Dr. Manmohan Singh aims at generating/adding 20,000 Megawatt of power by—
(A) 2015
(B) 2022
(C) 2018
(D) 2021
4. The full form of BVRAAM is—
(A) Beyond Visual Range Airto- Air Missile
(B) Beyond Visionary Resistence Air-to-Air Machine
(C) Beyond Vision Random Airto- Air Missile
(D) None of the above
5. As per a recent survey, which of the following Indian Institutes of
Technology has been ranked on
the top ?
(A) IIT Kanpur
(B) IIT Madras
(C) IIT Kharagpur
(D) IIT Hyderabad
6. The Cabinet Committee on Economic Affairs (CCEA) recently approved the
setting up in the country of—
(A) 375 Model Colleges
(B) 374 Model Colleges
(C) 372 Model Colleges
(D) 380 Model Colleges
7. As per the New York Times recently conducted survey the fourth best
destination in the list of 31 places to go in 2010 is—
(A) Mumbai
(B) Mysore
(C) Agra
(D) Lucknow
8. Mohd. Najib bin Tun Abdul Razak is the Prime Minister of—
(A) Indonesia
(B) Malaysia
(C) Sudan
(D) Egypt
9. Recently ISRO (Indian Space Research Organisation) tested successfully its
most powerful rocket motor. It was—
(A) S-500
(B) S-200
(C) S-700
(D) S-300
10. Lee Myung-bak is the President of—
(A) South Korea
(B) Singapore
(C) Hong Kong
(D) North Korea
11. India recently celebrated its—
(A) 60th Republic Day
(B) 61st Republic Day
(C) 59th Republic Day
(D) None of the above
12. Indian National Trust for Art and Cultural Heritage (INTACH) recently signed
a Memorandum of Understanding with—
(A) China
(B) Japan
(C) Mongolia
(D) None of the above
13. The high level panel formed in Nepal to push Peace Process in Nepal is
headed by—
(A) Pushpa Kumar Dahal
(B) Girija Prasad Koirala
(C) Jalanath Khanal
(D) None of the above
14. Sebastian Pinera has been elected the President on January 17, 2010 of which
one of the following South American Countries ?
(A) Chile
(B) Ecuador
(C) Venezuela
(D) Peru
15. Protocol 14 which recently came into news is related to—
(A) UN sanction against Iran
(B) European Human Rights
Convention
(C) UN initiative on climate
change control
(D) None of the above
16. China has recorded growht for 2009—
(A) 8·5% (B) 9·2%
(C) 8·7% (D) 7·5%
17. World Economic Forum Meeting this year was held in—
(A) Geneva (B) Davos
(C) London (D) Paris
18. World Social Forum Meeting in January 2010 was held in—
(A) Mexico
(B) Mumbai
(C) Porto Alegre
(D) Doha
19. On January 28, 2010, five persons for the murder of Sheikh Mujibur Rahman
were executed Mujibur Rahman was the first President of—
(A) Afghanistan
(B) Maldives
(C) Pakistan
(D) Bangladesh
20. Which of the following states has recently signed three agreements with
World Bank ?
(A) Orissa
(B) Andhra Pradesh
(C) Karnataka
(D) Kerala
21. Which of the following recently acquired Chocolate Bar-maker Cadbury ?
(A) Tata Industries
(B) Kraft Foods
(C) Reliance
(D) Convergys
22. Which of the following States/ UTs recently approved its new industrial
policy ?
(A) Delhi
(B) Puducherry
(C) Rajasthan
(D) Madhya Pradesh
23. SAARC International University is being set up at—
(A) Kathmandu
(B) Delhi
(C) Dhaka
(D) Colombo
24. The new National Security Advisor (NSA) is—
(A) J. N. Dixit
(B) M. K. Narayan
(C) Shiv Shankar Menon
(D) V. K. Singh
25. Who among the following is not
correctly matched ?
Governor State
(A) K. Sankarnarayanan — Maharashtra
(B) Shivraj Patil — Jharkhand
(C) E. S. L. Narsimhan — Andhra Pradesh
(D) Urmila Singh — Himachal Pradesh
26. V. K. Singh is the new Chief of—
(A) Army Staff
(B) Air Force
(C) Navy
(D) None of the above
27. The new Prasar Bharti Chief is—
(A) Urmila Singh
(B) Mrinal Pande
(C) Prabha Rao
(D) Shiv Shankar Menon
28. Reena Kaushal is the first Indian woman to reach—
(A) South Pole
(B) North Pole
(C) Mt. Everest
(D) None of the above
29. The 2008 Dada Saheb Phalke Award has been conferred on—
(A) Dilip Kumar
(B) Dev Anand
(C) V. K. Murthy
(D) None of the above
30. As per 56th National Awards recently announced, the best feature film is—
(A) A Wednesday
(B) Antaheen
(C) Oye Lucky
(D) Aai Kot Nai
31. As per 56th National Film Awards for 2008, which of the following is
incorrectly matched?
Awardee Award
(A) Bala — Best Director
(B) Arjun Rampal — Best Supporting Actor
(C) Upendra Limye — Best Actor
(D) Shreya Ghoshal — Best Supporting Actress
32. Who has won the Best Actress Award under 56th National Film Awards for 2008
?
(A) Rekha
(B) Priyanka Chopra
(C) Kangana Ranaut
(D) Kareena Kapur
33. Who among the following has not been given Padma Vibhushan Award the second
highest
civilian award of India this year ?
(A) Zohra Sehgal
(B) Prathap C. Reddy
(C) Umalayapuram Shivaraman
(D) Amir Khan
34. Antarctica recently had its first—
(A) Biggest wind farm
(B) Solar power project
(C) Observatory
(D) None of the above
35. Port-Au-Prince is the capital of—
(A) Jamaica
(B) Haiti
(C) Venezuela
(D) None of the above
36. World Consumer Rights Day is observed on—
(A) March 20 (B) March 15
(C) March 22 (D) March 23
37. The winner of Ranji Trophy this year is—
(A) Goa
(B) Mumbai
(C) Punjab
(D) West Bengal
38. The winner (men’s category) in Mumbai Marathon is—
(A) Siraj Gena
(B) Denis Ndiso
(C) Both (A) and (B)
(D) None of the above
39. The runner up in Australian Open Tennis Championship for 2010 (women’s
singles) is—
(A) Serena Williams
(B) Venus Williams
(C) Justine Henin
(D) None of the above
40. Which of the following won the National Volleyball Championship ?
(A) Tamil Nadu
(B) Punjab
(C) Karnataka
(D) Kerala
Answers with Hints
1. (B) A Japanese delegation led by Japan’s Internal Affairs and Communications
Kazuhiro Hargguchi on January 6, 2010 met the Union Minister for New and
Renewable Energy Farooq Abdullah and decided to jointly develop a solar city in
India.
2. (C) 3. (B)
4. (A) India on January 11, 2010 successfully carried out two ballistic flight
tests of Astra, Beyond Visual Range Air-to-Air Missile (BVRAAM) from the
Integrated Test Range (ITR) at Balasore, Orissa.
5. (C) 6. (B) 7. (B)
8. (B) Malaysian Prime Minister Mohd. Najib bin Tun Abdul Razak was on a five
day visit to India during January 2010.
9. (B)
10. (A) South Korean President Lee Myung-bak was the Chief Guest at the Republic
Day in India this year.
11. (B) 12. (C)
13. (B) After prolonged a stalemate, the major political parties in Nepal on
January 8, 2010 decided to form a high level mechanism–a three member panel. The
panel would focus on speeding up the peace process and writing the new
Constitution of Nepal.
Choose the correct option from the choices given under the question.
1. The largest revenue in India is obtained from __________
1. Railways 2. Excise Duty
3. Sales Tax 4. Direct Taxes
ANSWER: 2
2. The tax levied by Central Government and collected by State Government is
________
1. Stamp Duty 2. Excise Duty
3. Income Tax 4. Gift Tax
ANSWER: 1
3. What is the major share in revenue of State Governments?
1. Stamp Duty 2. Excise Duty
3. Sales Tax 4. Income Tax
ANSWER: 3
4. The tax levied by Local Governments i.e. Municipal Corporations and
municipalities is ____________
1. Income Tax 2. Wealth Tax
3. House Tax 4. Gift Tax
ANSWER: 3
5. The tax collected by the State Governments and given to local bodies is
__________
1. Income Tax 2. Wealth Tax
3. House Tax 4. Professional Tax
ANSWER: 4
6. The period for Call Money is ________
1. 10 to 15days 2. 1 to 14 Days
3. 15 to 30 Days 4. One Month
ANSWER: 2
7. Who regulates the money circulation in India?
1. State Bank Of India 2. Reserve Bank Of India
3. NABARD 4. Commercial Banks
ANSWER: 2
8. Which of the following is not an organized sector in India?
1. Nationalised Banks 2. Regional Rural Banks
3. Cooperative Banks 4. Chits and Money lenders
ANSWER: 4
9. Who will settle the grievances of customers of banks?
1. Reserve Bank of India 2. State Bank of India
3. Local Courts 4. Ombuds Men
ANSWER: 4
10. Who introduced the Banking Ombudsmen Scheme?
1. RBI 2. SBI
3. Ministry of Finance 4. NABARD
ANSWER: 1
11. When was OMBUDS MEN SCHEME first introduced?
1. November 2006 2. October 1981
3. June 1995 4. January 1998
ANSWER: 3
12. Which was the firth Bank corporated by the Indians? (1881)
1. Imperial Bank of India 2. State Bank Of India
3. Avadh Commercial Bank 4. Reserve Bank of India
ANSWER: 3
13. When was the Avadh Commercial Bank established?
1. 1881 2. 1894
3. 1898 4. 1899
ANSWER: 1
14. When was Reserve Bank of India established?
1. 1920 2. 1925
3. 1935 4. 1948
15. When was Reserve Bank of India Nationalised?
1. 1947 2. 1948
3. 1949 4. 1950
ANSWER: 3
16. When was Indian Banking Act come into force?
1. 1948 2. 1949
3. 1950 4. 1951
ANSWER: 2
17. Imperial Banks were amalgamated and changed as _________
1. Reserve Bank of India 2. State Bank of India
3. Subsidiary Banks 4. Union Bank of India
ANSWER: 2
18. When was Imperial Bank was Changed as State Bank of India?
1. January 1st 1935 2. Feb 26 1947
3. July 1st 1955 4. July 1st 1959
ANSWER: 3
19. How many banks were first nationalised?
1. 10 2. 12
3. 14 4. 16
20. When was the second phase of nationalisation of banks done?
1. 9th July 1969 2. 10th July 1968
3. 16th August 1985 4. 15th April, 1980
ANSWER: 4
21. How many banks were in second phase of nationalisation?
1. 4 2. 5
3. 6 4. 7
ANSWER: 3
22. Who will act as the banker to the Government of India?
1. State Bank of India 2. Reserve Bank of India
3. NABARD 4. Nationalised Banks
ANSWER: 2
23. Where is the Head Quarter of Reserve Bank of India?
1. Mumbai 2. Delhi
3. Kolkotta 4. Ahmedabad
ANSWER: 1
24. Who was first governor of Reserve Bank of India?
1. K.A. Narasimham 2. Malhotra
3. A.K. Vadia 4. A.B.A Smith
ANSWER: 4
25. When was Lead Bank Scheme introduced?
1. 1967 2. 1968
3. 1969 4. 1974
ANSWER: 3
Labels: OBJECTIVE QUESTIONS FOR ECONOMICS, TAXES MONEY AND BANKING 0 comments
General Socio-Economic and Banking Awareness For Bank Probationary Officers Exam
Posted by exam Sunday, May 30, 2010 at 3:40 AM
General Socio-Economic & Banking Awareness For Bank Probationary
Officers Exam
1. India recently proposed with which of the following countries to develop
solar city ?
(A) Russia
(B) Japan
(C) U.S.A.
(D) Poland
2. Which of the following has been brought within the ambit of the Right to
Information by the recent Delhi High Court Verdict?
(A) President of India
(B) Prime Minister of India
(C) Chief Justice of the Supreme Court
(D) None of the above
3. The Jawahar Lal National Solar Mission recently launched by Prime Minister
Dr. Manmohan Singh aims at generating/adding 20,000 Megawatt of power by—
(A) 2015
(B) 2022
(C) 2018
(D) 2021
4. The full form of BVRAAM is—
(A) Beyond Visual Range Airto- Air Missile
(B) Beyond Visionary Resistence Air-to-Air Machine
(C) Beyond Vision Random Airto- Air Missile
(D) None of the above
5. As per a recent survey, which of the following Indian Institutes of
Technology has been ranked on
the top ?
(A) IIT Kanpur
(B) IIT Madras
(C) IIT Kharagpur
(D) IIT Hyderabad
6. The Cabinet Committee on Economic Affairs (CCEA) recently approved the
setting up in the country of—
(A) 375 Model Colleges
(B) 374 Model Colleges
(C) 372 Model Colleges
(D) 380 Model Colleges
7. As per the New York Times recently conducted survey the fourth best
destination in the list of 31 places to go in 2010 is—
(A) Mumbai
(B) Mysore
(C) Agra
(D) Lucknow
8. Mohd. Najib bin Tun Abdul Razak is the Prime Minister of—
(A) Indonesia
(B) Malaysia
(C) Sudan
(D) Egypt
9. Recently ISRO (Indian Space Research Organisation) tested successfully its
most powerful rocket motor. It was—
(A) S-500
(B) S-200
(C) S-700
(D) S-300
10. Lee Myung-bak is the President of—
(A) South Korea
(B) Singapore
(C) Hong Kong
(D) North Korea
11. India recently celebrated its—
(A) 60th Republic Day
(B) 61st Republic Day
(C) 59th Republic Day
(D) None of the above
12. Indian National Trust for Art and Cultural Heritage (INTACH) recently signed
a Memorandum of Understanding with—
(A) China
(B) Japan
(C) Mongolia
(D) None of the above
13. The high level panel formed in Nepal to push Peace Process in Nepal is
headed by—
(A) Pushpa Kumar Dahal
(B) Girija Prasad Koirala
(C) Jalanath Khanal
(D) None of the above
14. Sebastian Pinera has been elected the President on January 17, 2010 of which
one of the following South American Countries ?
(A) Chile
(B) Ecuador
(C) Venezuela
(D) Peru
15. Protocol 14 which recently came into news is related to—
(A) UN sanction against Iran
(B) European Human Rights
Convention
(C) UN initiative on climate
change control
(D) None of the above
16. China has recorded growht for 2009—
(A) 8·5% (B) 9·2%
(C) 8·7% (D) 7·5%
17. World Economic Forum Meeting this year was held in—
(A) Geneva (B) Davos
(C) London (D) Paris
18. World Social Forum Meeting in January 2010 was held in—
(A) Mexico
(B) Mumbai
(C) Porto Alegre
(D) Doha
19. On January 28, 2010, five persons for the murder of Sheikh Mujibur Rahman
were executed Mujibur Rahman was the first President of—
(A) Afghanistan
(B) Maldives
(C) Pakistan
(D) Bangladesh
20. Which of the following states has recently signed three agreements with
World Bank ?
(A) Orissa
(B) Andhra Pradesh
(C) Karnataka
(D) Kerala
21. Which of the following recently acquired Chocolate Bar-maker Cadbury ?
(A) Tata Industries
(B) Kraft Foods
(C) Reliance
(D) Convergys
22. Which of the following States/ UTs recently approved its new industrial
policy ?
(A) Delhi
(B) Puducherry
(C) Rajasthan
(D) Madhya Pradesh
23. SAARC International University is being set up at—
(A) Kathmandu
(B) Delhi
(C) Dhaka
(D) Colombo
24. The new National Security Advisor (NSA) is—
(A) J. N. Dixit
(B) M. K. Narayan
(C) Shiv Shankar Menon
(D) V. K. Singh
25. Who among the following is not
correctly matched ?
Governor State
(A) K. Sankarnarayanan — Maharashtra
(B) Shivraj Patil — Jharkhand
(C) E. S. L. Narsimhan — Andhra Pradesh
(D) Urmila Singh — Himachal Pradesh
26. V. K. Singh is the new Chief of—
(A) Army Staff
(B) Air Force
(C) Navy
(D) None of the above
27. The new Prasar Bharti Chief is—
(A) Urmila Singh
(B) Mrinal Pande
(C) Prabha Rao
(D) Shiv Shankar Menon
28. Reena Kaushal is the first Indian woman to reach—
(A) South Pole
(B) North Pole
(C) Mt. Everest
(D) None of the above
29. The 2008 Dada Saheb Phalke Award has been conferred on—
(A) Dilip Kumar
(B) Dev Anand
(C) V. K. Murthy
(D) None of the above
30. As per 56th National Awards recently announced, the best feature film is—
(A) A Wednesday
(B) Antaheen
(C) Oye Lucky
(D) Aai Kot Nai
31. As per 56th National Film Awards for 2008, which of the following is
incorrectly matched?
Awardee Award
(A) Bala — Best Director
(B) Arjun Rampal — Best Supporting Actor
(C) Upendra Limye — Best Actor
(D) Shreya Ghoshal — Best Supporting Actress
32. Who has won the Best Actress Award under 56th National Film Awards for 2008
?
(A) Rekha
(B) Priyanka Chopra
(C) Kangana Ranaut
(D) Kareena Kapur
33. Who among the following has not been given Padma Vibhushan Award the second
highest
civilian award of India this year ?
(A) Zohra Sehgal
(B) Prathap C. Reddy
(C) Umalayapuram Shivaraman
(D) Amir Khan
34. Antarctica recently had its first—
(A) Biggest wind farm
(B) Solar power project
(C) Observatory
(D) None of the above
35. Port-Au-Prince is the capital of—
(A) Jamaica
(B) Haiti
(C) Venezuela
(D) None of the above
36. World Consumer Rights Day is observed on—
(A) March 20 (B) March 15
(C) March 22 (D) March 23
37. The winner of Ranji Trophy this year is—
(A) Goa
(B) Mumbai
(C) Punjab
(D) West Bengal
38. The winner (men’s category) in Mumbai Marathon is—
(A) Siraj Gena
(B) Denis Ndiso
(C) Both (A) and (B)
(D) None of the above
39. The runner up in Australian Open Tennis Championship for 2010 (women’s
singles) is—
(A) Serena Williams
(B) Venus Williams
(C) Justine Henin
(D) None of the above
40. Which of the following won the National Volleyball Championship ?
(A) Tamil Nadu
(B) Punjab
(C) Karnataka
(D) Kerala
Answers with Hints
1. (B) A Japanese delegation led by Japan’s Internal Affairs and Communications
Kazuhiro Hargguchi on January 6, 2010 met the Union Minister for New and
Renewable Energy Farooq Abdullah and decided to jointly develop a solar city in
India.
2. (C) 3. (B)
4. (A) India on January 11, 2010 successfully carried out two ballistic flight
tests of Astra, Beyond Visual Range Air-to-Air Missile (BVRAAM) from the
Integrated Test Range (ITR) at Balasore, Orissa.
5. (C) 6. (B) 7. (B)
8. (B) Malaysian Prime Minister Mohd. Najib bin Tun Abdul Razak was on a five
day visit to India during January 2010.
9. (B)
10. (A) South Korean President Lee Myung-bak was the Chief Guest at the Republic
Day in India this year.
11. (B) 12. (C)
13. (B) After prolonged a stalemate, the major political parties in Nepal on
January 8, 2010 decided to form a high level mechanism–a three member panel. The
panel would focus on speeding up the peace process and writing the new
Constitution of Nepal.
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