Solved paper for General Socio Economic and Banking Awareness

Tell me from where i can get General Socio Economic and Banking Awareness solved question paper???

[Arun Vats]

You are looking for General Socio Economic and Banking Awareness solved questions, i am giving here:

1.Many a times we read in the newspapers that credit creation by Banks increases the Money supply. From the following given options, bring out the one, upon which credit creation by banks does not depend?
(A)Demand & supply Conditions
(B)Financial Literacy
(C)Recession or Boom of the economy
(D)Credit control Policy of Reserve bank of India
(E)Liquidity of the banks

2.We read in the newspapers that India's per capita income has been increasing for last many years, however,even today, India is far from achieving welfare of all. Which of the following statements/ situation indicates a better welfare due to rising per capita income?
(A)The per capita income increases with no change in overall income distribution
(B)The per capita income increases with change in the income distribution in favor of the Rich
(C)The per capita income increases with change in the income distribution in favor of the Poor
(D)The per capita income increases with change in the income distribution in favor of the Industrial Labor
(E)The per capita income increases with change in the income distribution in favor of the rural people.

3.Recently, ASEAN-India Free Trade Agreement came into force. ASEAN accounts for approximately what fraction of India's Foreign Trade?
(A)5%
(B)10%
(C)15%
(D)20%
(E)25%

4.Euribor is a term associated with which of the following?
(A)An International Financial Company
(B)An association of European Financial Service providers
(C)A reference rate for Euro Money Market
(D)A credit rating agency of Europe
(E)None of the above

5.If the people prefer to keep cash with them rather than deposits, which among the following impacts will be seen on the Money Supply of the country?
(A)The money supply of the country will increase
(B)The money supply of the country will decrease
(C)The money supply of the country will not change
(D)The money supply of the country may increase or decrease
(E)The money supply will increase and interest rates will come down

6.India's all economic transactions with the outside world in a year will be known as __________?
(A)Balance of Trade
(B)Balance of Payments
(C)Foreign Trade Account
(D)Economic Equilibrium
(E)None of the above

7.In which of the following country is being carried out world’s
largest carbon credit project? (it recently got UNFCC's nod )
(A)China
(B)India
(C)Brazil
(D)Russia
(E)United States

8.The livestock census in India is done every_______?
(A)3 years
(B)5 years
(C)7 years
(D)10 years
(E)1 year

9.Consider the following:
1. Life Expectancy at Birth
2. Infant Mortality Rate
3. Adult Literacy Rate
4. Number of people below Poverty Line
5. Number of Primary School drop outs.
Which among the above are 3 elements of Human Development Index?
(A)1,2,3
(B)1,3,4
(C)1,2,4
(D)1,2,3,4
(E)1,4,5

10.Which of the following country is the host of 2014 FIFA World Cup?
(A)Mexico
(B)Argentina
(C)Brazil
(D)France
(E)Germany

11.Which of the following states of India, recently organized International Rhododendron festival recently?
(A)Manipur
(B)Nagaland
(C)Sikkim
(D)Meghalaya
(E)Uttarkhand

12.Who among the following personalities of India became Bharat ka Paryavaran Ambassador in a poll "Kaun Banega Bharat ka Paryavaran Ambassador" Programme conducted by the Centre for environment Education in partnership with Arcelor Mittal, for the Ministry of Environment and Forest
Government of India in 2009?
(A)Menaka Gandhi
(B)A P J Abdul Kalam
(C)Jairam Ramesh
(D)Shahrukh Khan
(E)Amitabh Bachchan

13.Which of the following sectors of Indian economy has received maximum FDI equity flow in 2009?
(A)Services sector
(B)Telecommunication
(C)Housing & Real estate
(D)Agriculture Services
(E)Power

14.Where are located the Headquarters of National Test House?
(A)Guwahati
(B)Kolkata
(C)Ghaziabad
(D)Jaipur
(E)Chennai

15.Under which of the following Ministries of Government of India works the Forward Markets Commission?
(A)Ministry of Corporate Affairs
(B)Ministry of Finance
(C)Ministry of Heavy Industries and Public Enterprises
(D)Ministry of Micro, Small and Medium Enterprises
(E)Ministry of Consumer Affairs, Food and Public Distribution

16.To which of the following neighbor country , India ceded Kachchatheevu island in 1974?
(A)Bangladesh
(B)Sri Lanka
(C)Myanmar
(D)Pakistan
(E)Maldives

17.Gram Sumangal a 100% central sector scheme provides_________?
(A)Electricity Connectivity
(B)Road Connectivity
(C)Postal Insurance
(D)Micro Credit
(E)Pukka Housing

18.Under which of the following departments / ministries comes the "Grant-in-aid to Universities & Research Institutions" in India?
(A)Department of Economic Affairs
(B)Department of Higher Education
(C)Planning Commission
(D)Ministry of Planning
(E)None of them

19.Who among the following will be benefited by Deflation?
(A)Salary Earners
(B)pensioners
(C)Equity Holders
(D)Debtors
(E)None of the above

20.Which among the following are two maximum revenue yielding groups of Indirect taxes in India?
(A)Custom and General Sales Tax
(B)Union Excise Duties and General Sales tax
(C)Union Excise Duties and Customs
(D)Union Excise duties and state Excise duties
(E)None of the above

hii sir, I am preparing for the bank Examinations willl you please provide me the question paper of the General Socio Economic and Banking Awareness?

[pawan]

As you asking about the question paper of the General Socio Economic and Banking Awareness the questions are as follow:


1.RBI’s open market operation transactions are carried out with a view to regulate
(A) Liquidity in the economy
(B) Prices of essential commodities
(C) Inflation
(D) Borrowing power of the banks
(E) All the above

2.When more than one banks are allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as—
(A) Participation
(B) Consortium
(C) Syndication
(D) Multiple banking
(E) None of these

3.Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means —
(A) Sale or purchase of Govt. securities
(B) Issuance of different types of bonds
(C) Auction of gold
(D) To make available direct finance to borrowers
(E) None of these

4.The bank rate means—
(A) Rate of interest charged by commercial banks from borrowers
(B) Rate of interest at which commercial banks discounted bills of their borrowers
(C) Rate of interest allowed by commercial banks on their deposits
(D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
(E) None of these

5.What is an Indian Depository Receipt?
(A) A deposit account with a Public Sector Bank
(B) A depository account with any of Depositories in India
(C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company
(D) An instrument in the form of deposit receipt issued by Indian depositories
(E) None of these

6.An instrument that derives its value from a specified underlying (currency, gold, stocks etc.) is known as—
(A) Derivative
(B) Securitisation Receipts
(C) Hedge Fund
(D) Factoring
(E) Venture Capital Funding

7.Fiscal deficit is—
(A) total income less Govt. borrowing
(B) total payments less total receipts
(C) total payments less capital receipts
(D) total expenditure less total receipts excluding borrowing
(E) None of these

8.In the Capital Market, the term arbitrage is used with reference to—
(A) purchase of securities to cover the sale
(B) sale of securities to reduce the loss on purchase
(C) simultaneous purchase and sale of securities to make profits from price
(D) variation in different markets
(E) Any of the above

9.Reverse repo means—
(A) Injecting liquidity by the Central Bank of a country through purchase of Govt. securities
(B) Absorption of liquidity from the market by sale of Govt. securities
(C) Balancing liquidity with a view to enhancing economic growth rate
(D) Improving the position of availability of the securities in the market
(E) Any of the above

10.The stance of RBI monetary policy is—
(A) inflation control with adequate liquidity for growth
(B) improving credit quality of the Banks
(C) strengthening credit delivery mechanism
(D) supporting investment demand in the economy
(E) Any of the above

11. Currency Swap is an instrument to manage—
(A) Currency risk
(B) interest rate risk
(C) currency and interest rate risk
(D) cash flows in different currencies
(E) All of the above

12.‘Sub-prime’ refers to—
(A) lending done by banks at rates below PLR
(B) funds raised by the banks at sub-Libor rates
(C) Group of banks which are not rated as prime banks as per Banker’s Almanac
(D) lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards
(E) All of the above

13. Euro Bond is an instrument—
(A) issued in the European market
(B) issued in Euro Currency
(C) issued in a country other than the country of the currency of the Bond
(D) All of the above
(E) None of these

14. Money Laundering normally involves—
(A) placement of funds
(B) layering of funds
(C) integration of funds
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)

15. The IMF and the World Bank were conceived as institutions to—
(A) strengthen international economic co-operation and to help create a more stable and prosperous global economy
(B) IMF promotes international monetary cooperation
(C) The World Bank promotes long term economic development and poverty reduction
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)

16.Capital Market Regulator is—
(A) RBI
(B) IRDA
(C) NSE
(D) BSE
(E) SEBI

17.In the term BRIC, R stands for—
(A) Romania
(B) Rajithan
(C) Russia
(D) Regulation
(E) None of these

18.FDI refers to—
(A) Fixed Deposit Interest
(B) Fixed Deposit Investment
(C) Foreign Direct Investment
(D) Future Derivative Investment
(E) None of these

19.What is Call Money?
(A) Money borrowed or lent for a day or over night
(B) Money borrowed for more than one day but upto 3 days
(C) Money borrowed for more than one day but upto 7 days
(D) Money borrowed for more than one day but upto 14 days
(E) None of these

20.Which is the first Indian company to be listed in NASDAQ?
(A) Reliance
(B) TCS
(C) HCL
(D) Infosys
(E) None of these

21.Which of the following is the Regulator of the credit rating agencies in India?
(A) RBI
(B) SBI
(C) SIDBI
(D) SEBI
(E) None of these

22.Who is Brand Endorsing Personality of Bank of Baroda?
(A) Juhi Chawla
(B) Kiran Bedi
(C) Amitabh Bachchan
(D) Kapil Dev
(E) None of these

23.The branding line of Bank of Baroda is—
(A) International Bank of India
(B) India’s International Bank
(C) India’s Multinational Bank
(D) World’s local Bank
(E) None of these

24.The logo of Bank of Baroda is known as—
(A) Sun of Bank of Baroda
(B) Baroda Sun
(C) Bank of Baroda’s Rays
(D) Sunlight of Bank of Baroda
(E) None of these

25.Which of the following statements(s) is/are True about the exports of China which is a close competitor of India?
(i) China’s economic success is basically on the fact that it exports cheaper goods to rich nations like
the USA, etc.
(ii) In the year 2007 China’s exports became almost 40% of its GDP.
(iii) When compared to India China’s share in the World Exports is more than 30% whereas India’s share is mere 6% of the global exports.
(A) Only (i)
(B) Only (ii)
(C) Both (i) and (ii)
(D) All (i), (ii) and (iii)
(E) None of these

26.One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?
(A) Know Your Customer Norms
(B) Banking Regulation Act
(C) Negotiable Instrument Act
(D) Narcotics and Psychotropic Substance Act
(E) None of these

27.Lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of ‘M’ in ‘M-Banking’?
(A) Money
(B) Marginal
(C) Message
(D) Mutual Fund
(E) Mobile Phone

28.Which of the following is/are true about the ‘Sub-Prime Crisis’ ? (The term was very much in news recently.)
(i) It is a mortgage crisis referring to credit default by the borrowers.
(ii) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.
(iii) This crisis originated because of negligence in credit rating of the borrowers.
(A) Only (i)
(B) Only (ii)
(C) Only (iii)
(D) All (i), (ii) and (iii)
(E) None of these

29.Which of the following is not the part of the structure of the Financial System in India?
(A) Industrial Finance
(B) Agricultural Finance
(C) Government Finance
(D) Development Finance
(E) Personal Finance

30.Which of the following is not the part of the scheduled banking structure in India?
(A) Money Lenders
(B) Public Sector Banks
(C) Private Sector Banks
(D) Regional Rural Banks
(E) State Co-operative Banks

Sir I am looking for the Solved paper for General Socio Economic and Banking Awareness so can you give me the same

[Pathak]

Hey buddy below I am giving you the Solved paper for General Socio Economic and Banking Awareness

1. As per the decision taken by the Govt. of India now the National Rural Employment Guarantee Act is extended to all the districts of India. This means it will now be applicable to about—
(A) 200 districts
(B) 300 districts
(C) 400 districts
(D) 500 districts
(E) 626 districts
Ans : (E)

2. Which of the following is the amount of insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ?
(A) Rs. 10,000
(B) Rs. 20,000
(C) Rs. 30,000
(D) Rs. 40,000
(E) Rs. 50,000
Ans : (C)

3. Which of the following banks has taken over the Centurion Bank of Punjab ?
(A) ICICI Bank
(B) IDBI Bank
(C) HDFC Bank
(D) AXIS Bank
(E) None of these
Ans : (C)


4. Unique Identification Authority of India will set up data base for—
(A) Identity and biometrics details of Indian residents
(B) Identity and biometrics details of Indian citizens
(C) Identity and biometrics details of person’s residents in India or visiting India
(D) All the above
(E) None of these
Ans : (D)

5. The biggest Public Sector undertaking in the country is—
(A) Iron and steel plants
(B) Roadways
(C) Railways
(D) Airways
(E) None of these
Ans : (C)

6. Which of the following is Horticulture Crop ?
(A) Paddy
(B) Wheat
(C) Mango
(D) Bajara
(E) None of these
Ans : (C)

7. Which of the following nation is considered the originator of the concept of Micro Finance ?
(A) India
(B) Bangladesh
(C) South Africa
(D) USA
(E) None of these
Ans : (B)

8. Very often we read in news papers about 3G or 3rd Generation technology. This is a set of standards used for which of the following purposes ?
(A) To combat climatic changes
(B) Production of Nuclear Energy
(C) Film Production
(D) Mobile Telecommunications
(E) All of these
Ans : (D)

9. What is the full form of ‘ULIP’, the term which was in the news recently ?
(A) Universal Life and Investment Plan
(B) Unit Loan and Insurance Plan
(C) Universal Loan and Investment Plan
(D) Uniformly Loaded Investment Plan
(E) Unit Linked Insurance Plan
Ans : (E)

10. The main function of I. M. F. is to—
(A) Finance investment loans to developing countries
(B) Act as a private sector lending arm of the World Bank
(C) Help to solve balance of payment problems of member countries
(D) Arrange international deposits from banks
(E) None of these
Ans : (C)

11. The difference between visible exports and visible imports is defined as—
(A) Balance of trade
(B) Balance of payment
(C) Balanced terms of trade
(D) Gains from trade
(E) All the above
Ans : (A)

12. Invisible Export means export—
(A) Services
(B) Prohibited goods
(C) Unrecorded goods
(D) Goods through smuggling
(E) All the above
Ans : (A)

13. ‘Indira Gandhi Canal’ which is around 450 km long provide irrigation facility mainly to which of the following states ?
(A) Punjab
(B) Haryana
(C) Madhya Pradesh
(D) Gujarat
(E) Rajasthan
Ans : (E)

14. The rate of MAT has been increased from the present 15% to 18% with effect from April 2010. What is the full form of MAT ?
(A) Maximum Alternate Tax
(B) Minimum Alternate Tax
(C) Minimum Affordable Tax
(D) Maximum Affordable Tax
(E) None of these
Ans : (B)

15. RBI has asked banks to make a plan to provide banking services to all villages having a population upto 2000. This directive issued by the RBI will fall in which of the following categories ?
(A) Plan for Financial Inclusion
(B) Efforts to meet the targets of Priority Sector Lending
(C) Extension of Relief Packages to the Farmers
(D) Plan for opening more rural branches
(E) None of these
Ans : (D)

16. Which of the following is not a part of the scheduled banking structure in India ?
(A) Money Lenders
(B) Public Sector Banks
(C) Private Sector Banks
(D) Regional Rural Banks
(E) State Cooperative Banks
Ans : (A)

17. The rate of interest on Savings Bank Account is stipulated by—
(A) The concerned bank
(B) RBI
(C) Indian Banks Association
(D) Government of India
(E) Banking Codes and Standards Board of India
Ans : (B)

18. Many times we read a term CBS used in banking operation. What is the full form of the letter ‘C’ in the term ‘CBS’ ?
(A) Core
(B) Credit
(C) Continuous
(D) Complete
(E) None of these
Ans : (A)

19. In the year 2010, Commonwealth Games were organized in which of the following countries ?
(A) China
(B) South Africa
(C) Canada
(D) Brazil
(E) India
Ans : (E)

20. Which of the following metals is used for generation of nuclear Energy by most of the Nuclear Power Plants ?
(A) Zinc
(B) Platinum
(C) Uranium
(D) Nickel
(E) None of these
Ans : (C)

21. Many a time we read a term ‘PPP’ in financial dailies/magazines. What is the full form of the same as used in financial world ?
(A) Public Per Capita Power
(B) Per Capita Potential Purchases
(C) Purchasing Power Parity
(D) Present Purchasing Power
(E) None of these
Ans : (C)

22. The recent press report indicates that one of the Economies of the world took over another Economy in GDP terms to gain nubmer Two, ranking at world level. Which one of the following country is that ?
(A) Japan
(B) China
(C) Germany
(D) Australia
(E) India
Ans : (A)

23. Which of the following villagers received first lot of UID numbers ?
(A) Vaijapur in Maharashtra
(B) Bedkihal in Karnataka
(C) Tembhli in Maharashtra
(D) Navagam in Gujarat
(E) None of these
Ans : (C)

24. The highest weight in the revised Wholesale Price Index, implemented from September 2010 is given to which of the following item ?
(A) Fuel
(B) Food items
(C) Manufactured items
(D) Primary Articles
(E) All of these
Ans : (E)

25. Which one of the following is a driving force influencing the industrial growth of an economy ?
(A) Economic Factors only
(B) Investment only
(C) Innovation/Market Base only
(D) Only (A) and (B)
(E) All (A), (B) and (C)
Ans : (E)

26. What do you understand by Community Development programmes ?
(A) Villages participation in the programme
(B) A movement to promote better living for the whole community
(C) A movement to promote better living for the whole community with the assistance of local Government
(D) A movement designed to promote better living for the whole community with the active participation and on the initiative of the community
(E) None of these
Ans : (A)

27. In which one of the following activities percentage share of cooperative sector is the highest ?
(A) Agricultural Credit disbursement
(B) Sugar production
(C) Wheat procurement
(D) Fertilizer distribution
(E) Handlooms
Ans : (E)

28. What is a Panchayati Raj ?
(A) It is a community development programme
(B) It is a cooperative movement
(C) It is a scheme of self governance
(D) It is an exercise in decentralisation of administrative authority
(E) It is an out dated system, not followed now
Ans : (D)

29. Which one of the following is the updated base for Wholesale Price Index (WPI) ?
(A) 2002-2003
(B) 2003-2004
(C) 2004-2005
(D) 2005-2006
(E) 2006-2007
Ans : (C)

30. What is a Green Index ?
(A) It measures nation’s wealth according to GNP per capita
(B) It measures nation’s wealth according to GDP per captia
(C) It measures nation’s wealth according to provisions of control on Green house gases
(D) It measures nation’s wealth in terms of coverage of forest area
(E) None of these
Ans : (D)

31. In which one of the following city, 2012 Olympics are proposed to be held ?
(A) Frankfurt
(B) London
(C) Tokyo
(D) Washington
(E) Dubai
Ans : (B)

32. In which one of the following states, Rosa Power Plant is located ?
(A) U.P.
(B) M.P.
(C) Orissa
(D) Haryana
(E) Punjab
Ans : (A)

33. Which one of the following is present Saving Bank Interest Rate (in percentage terms) ?
(A) 3•0
(B) 3•5
(C) 4•0
(D) 4•5
(E) 5•0
Ans : (B)

34. For calculation of poverty line in rural area, which one of the following calories consumption per day per person has been stipulated by Planning Commission ?
(A) 2000
(B) 2100
(C) 2400
(D) 2500
(E) None of these
Ans : (C)

35. Who is Julian Assange ?
(A) Founder, Googles
(B) Founder, Rediffmail
(C) Nominee, Nobel Prize for Literature 2010
(D) Founder, WikiLeaks
(E) None of these
Ans : (D)

36. For which one of the following States, interloculators’ panel has been appointed by the Centre ?
(A) Manipur
(B) Arunachal Pradesh
(C) Assam
(D) Nagaland
(E) J&K
Ans : (E)

37. Expand the term BCBS.
(A) Bank’s Committee on Banking Supervision
(B) Basel Committee on Banking Supervision
(C) Bank’s Commission on Banking Supervision
(D) Basel Commission on Banking Supervision
(E) None of these
Ans : (B)

38. By which one of the following years, Government proposes to introduce IFRS norms ?
(A) April 2011
(B) October 2011
(C) April 2012
(D) October 2012
(E) None of these
Ans : (A)

39. As per World Development Report 2009, if the poverty is measured by the international poverty line standard of below a dollar a day, approximately what per cent of people will be living in India below poverty line ?
(A) 25.0
(B) 27.5
(C) 34.5
(D) 58.5
(E) 10.5
Ans : (B)

40. Who is Kaushik Basu ?
(A) Dy. Governor, RBI
(B) Member Planning Commission
(C) Chairman, Prime Ministers’ Economic Advisory Council
(D) Chief Economic Advisor
(E) Secretary-General FICCI
Ans : (D)

41. In a Poverty Pyramid index, which one of the following segments of population face highest poverty risk ?
(A) Formal wage employment
(B) Informal Self Employment : Employers
(C) Regular Informal Wage employment
(D) Informal Self Employment : own account
(E) Casual Informal Wage Employment and domestic work
Ans : (A)

42. Which one of the following is a Self Employment Programme for Educated Unemployed Youth ?
(A) Prime Minister’s Rozgar Yojana
(B) Swaran Jayanti Sahakari Rozgar Yojana
(C) National Social Assistance Programme
(D) Swaran Jayanti Gram Swarozgar Yojana
(E) None of these
Ans : (A)

43. In which one of the following States, Sariska Tiger Reserve is located ?
(A) M. P.
(B) Gujarat
(C) Rajasthan
(D) West Bengal
(E) Orissa
Ans : (C)

44. Who is Mohammed Yunus ?
(A) Finance Minister, Bangladesh
(B) Founder, Grameen Bank
(C) Nobel Laureate for peace
(D) Foreign Minister, Pakistan
(E) Founder Micro Finance Institutions in India
Ans : (B)

45. Which one of the following is the primary source of energy in India ?
(A) Hydel Power
(B) Natural Gas
(C) Coal
(D) Naptha
(E) Non-conventional energy
Ans : (C)

46. At which one of the following rate, the Central Bank lends to banks against government securities ?
(A) Repo Rate
(B) Reverse Repo Rate
(C) Bank Rate
(D) SLR
(E) CRR
Ans : (E)

47. Which one of the following is not a member of BASIC ?
(A) India
(B) China
(C) South Africa
(D) Brazil
(E) Indonesia
Ans : (E)

48. Which one of the following Corporate Groups has argued in Supreme Court that leaks of Radia Tapes has affected its reputation ?
(A) RIL
(B) Jindal Steels
(C) Bajaj Group
(D) Adani Group
(E) Tata Group
Ans : (E)

49. Yuan currency belongs to which one of the following countries ?
(A) Japan
(B) Thailand
(C) South Korea
(D) China
(E) Vietnam
Ans : (D)

50. Aung San Sau Kyi, Nobel Peace Prize Winner belongs to which one of the following countries ?
(A) China
(B) North Korea
(C) South Korea
(D) Japan
(E) Myanmar
Ans : (E)