Indian Bank General Awareness Paper 2010

1.      Winner of ICC Champions Trophy – Australia.

2.      Winner of Men’s US Open 2009 - J M Del Potro.

3.      Foreign Trade Policy - 2009 to 2014.

4.      Mumbai Gold Cup is related to – Hockey.

5.      Largest Exporter of Cotton – US.

6.      2016 Olympics – Rio De Janeiro.

7.      FTA – Free Trade Agreement.

8.      India won the Compaq Series 2009 by defeating – Srilanka

9.      First to start Mutual Fund trading on BSE – UTI Mutual Fund.

10. IIP (Index of Industrial Production) was released by – Central Statistical Organization (CSO).

11. UNEP – United Nation Environment Programme.

12. World Investment Report released by – UNCTAD.

13. “Write off” in banking terminology – Bad debt that is declared uncollectable such as loans, removing it from balance sheet.

14. RBI Bench mark Prime Lending rate – 8.55%.

15. Oceansat-2 launched by – India.

16. Worlds Billiards Championship 2009 – Pankaj Advani

17. Angela Merkel elected as chancellor for the second time – Germany

18. Recently India signed nuclear agreement with – Argentina

19. US Dollar fell to its lowest in 14 years against – Yen

20. Percentage to priority sector by domestics banks – 40%.

21. Which country critised India for a road network connecting some states including Arunachal Pradesh – China.

22. Author of the book “Listening to Grasshoppers “ – Arundathi Roy.

23. Which Organization asked all non-member countries to join NPT – UNSC.

24. Which country has asked its investors that there will be delay in debt repayment as a result of global crisis – Dubai.

25. Which state has approved 50% reservation in Municipalities and Panchayat election for Women – Gujarat (not sure)

26. CRY foundation is working for – Disadvantaged of Children Welfare.

27. Author of Two Woman/ Good Woman – Martina Cole/Danielle Steel.

28. Reliance bid to acquire LyondellBasell belongs to which country – Netherlands.

29. Question on Committee formed by RBI – Usha Thorat(not sure)

30. Author of Maximum City – Suketu Mehta.

31.  Who is Retail Investor – Individual Investor.

32. Why RBI is supposed to raise SLR ration - ?

33. Question related to Confederation of Indian Industry (CII) - ?

34. Question about RBI policy change - ?

35. Question regarding 3G spectrum - ?

36. Question on L&T and NPCIL project in which city - ?

37. Question on Interest Rate Futures - ?

38. Question regarding G-20 summit declaration - ?

39.  Question whose answer is - IAEA.

40. Question regarding Rules for ATM use - ?

Note: Questions are incomplete. If you know more questions or correct questions/answers post in a comment box. These questions are submitted by our followers Vasuki, Krishna, Abhinav and others.Half of the questions were from this blog of previous posts.

Points to Remember 2009 - Free Trade Agreement with India

India-ASEAN Free Trade Agreement:

ü  India and the ASEAN (Association of South-East Asian Nations) signed a FTA on August 13, 2009 which took nearly six years to negotiate.

ü  Nine members of the 10-nation (ASEAN) regional trade bloc signed the pact except Vietnam. Vietnam would do so after its formal recognition by India as a ‘market economy’.

ü  Under this FTA, India & ASEAN member countries will lift import tariffs on more than 80% of traded products between 2013 and 2016.

ü  This FTA is related only to Goods.

ü  489 items from agriculture, textiles and chemicals products are kept out of duty reduction.

ü  India, ASEAN target $ 10 billion increase in trade in the first year (1^st Jan 2010 to 1^st Jan 2011) from $ 40 billion at present.

ü  ASEAN regional bloc is India’s fourth largest trading partner.

ü  At present, China is India’s Largest Trading Partner followed by US, UAE.

ü  The implementation of the FTA will take effect from Jan 1^st 2010.

India-South Korea Sign Trade Pact:

ü  India and South Korea signed a trade pact on August 7^th 2009 which took three and half years to negoiate.

ü  The pact known as the Comprehensive Economic Partnership Agreement (CEPA).

ü  The CEPA, a term adopted to stress comprehensive economic relations inclusive of merchandise and service trade, investment and economic cooperation, is a de facto free trade agreement (FTA).

ü  The pact, which will see India eliminating or reducing import duties on 85 percent of Korean exports and South Korea doing the same for 93 percent of imports from India by 2019.

ü  Bilateral trade between the two countries was worth $15.56 billion in 2008.


      Apart from these two, India have signed a FTA with Srilanka in December 1999, Thailand (Separate from recent FTA with ASEAN) in Oct 2003, Malaysia (Separate from recent FTA with ASEAN) in 2005.