General Socio-Economic and Banking Awareness Quiz 2010

1.      The basis of determining dearness allowance to employees in India is ____?
(A) National Income
(B) Consumer Price Index(Ans)
(C) Standard of Living
(D) Per Capita Income

(E) None

2.      NABARD is _____?
(A) A bank
(B) A board
(C) A block
(D) A department

(E) None

3.      Out of one Rupee expenditure, how much paise have been allotted for subsidy in 2010-11 Union budget proposals?
(A) 12 paise
(B) 10 paise
(C) 9 paise
(D) 7 paise

(E) None

4.      The most densely populated country in South Asia is ___?
(A) Bangladesh
(B) India
(C) Maldives
(D) Sri Lanka

(E) None

5.      Interest Rate Policy is a part of ____?
(A) Fiscal Policy
(B) Industrial Policy
(C) Monetary Policy
(D) Credit Policy

(E) None of these

6.      Indian Green Revolution is the most successful in ____?
(A) Wheat and Potato
(B) Jowar and Oil Seeds
(C) Wheat and Rice
(D) Tea and Coffee

(E) All of these

7.       ‘Public Sector’ means ____?
(A) Government ownership on commerce and trade
(B) Capitalist ownership on commerce and trade
(C) Private ownership on trade
(D) Government ownership on banks

(E) None of these

8.      The largest source of National Income in India is _____?
(A) Service Sector
(B) Agriculture
(C) Industrial Sector
(D) Trade Sector

(E) None

9.      Inside Trading is related to _____?
(A) Share Market
(B) Horse racing
(C) Taxation
(D) Public Expenditure

(E) None

10. The main objective of TRYSEM was ______?
(A) To train rural youth for self employment
(B) To train urban youth for self employment
(C) Both of the above
(D) To Provide subsidy to Rural People on purchasing goods

 (E) None

11. Which bank in India performs duties of Central Bank?
(A) Central Bank of India
(B) State Bank of India
(C) Reserve Bank of India
(D) Above (A) and (B)

(E) None of these

12. . Which of the following is a better measure of economic development?
(A) Employment
(B) Size of exports
(C) Rural consumption
(D) National Income

(E) None

13. The cause of deflation is ____?
(A) Lack of goods and services as compared to money supply
(B) Lack of imports as compared to exports
(C) Lack of money supply as compared to supply of goods and services
(D) All the above

(E) None of these

14. The Present Service Tax rate is ___?
(A) 8%
(B) 15%
(C) 10%
(D) 12%

(E) None

15. The working of SEBI includes ___?
(A) To regulate the dealings of share market
(B) To check the foul dealings in share market
(C) To control the inside trading of shares
(D) All of these

(E) None of these

16. CAPART is related with ___?
(A) Assisting and evaluating rural welfare programmes
(B) Computer hardware
(C) Consultant service of export promotion
(D) Controlling pollution in big industries

(E) None of these

17. Kutir Jyoti scheme is associated with ___?
(A) Promoting cottage industry in villages
(B) Promoting employment among rural unemployed youth
(C) Providing electricity to rural families living below the poverty line
(D) All of these

(E) None of these

18. VAT is imposed ____?
(A) Directly on consumer
(B) On final stage of production
(C) On first stage of production
(D) On all stages between production and final sale

(E) All the above

19. What is ‘NIKKEI’?
(A) Share Price Index of Tokyo Share Market
(B) Name of Japanese Central Bank
(C) Japanese name of Country’s Planning Commission
(D) Foreign Exchange Market of Japan

(E) Both A & D

20. Minimum Support Price is decided by _______?
(A) ICAR
(B) Finance Minister

(C) Ministry of Agriculture
(D) CACP

(E) None of these