1.Which among the following statement is correct regarding the defense procurement policy
(DPP) 2009?
(A)Request for proposal (RFP) for Defense Procurement will be issued to foreign companies
only
(B)Request for proposal (RFP) for Defense Procurement will be issued to foreign as well as
domestic companies
(C)Request for proposal (RFP) for Defense Procurement will be issued to domestic companies
only
(D)Request for proposal (RFP) for Defense Procurement will not be issued
(E)None of the above
Ans. (B) Request for proposal (RFP) for Defense Procurement will be issued to foreign as well as
domestic companies
2.Ahead of G20 finance ministers meeting in Scotland next month, which of the following 3
countries have pooled in their collective economic weight to push for greater voting power of
developing and emerging countries in global economic bodies?
(A)India, Russia & China
(B)India, Brazil & Russia
(C)Brazil, China & Russia
(D)India, China & Brazil
(E)China, India & Brazil
Ans. (A) India, Russia & China
3.In the second quarterly review of the credit policy, which among the following has been
changed by RBI ?
(A)Repo Rate
(B)Reverse Repo Rate
(C)Cash Reserve Ratio
(D)Statutory liquidity ratio
(E)None of the above has been changed
Ans. (D) statutory liquidity ratio SLR has been changed by 100 basis point. i.e. 24% to 25%
4.As per the half-yearly review of India’s monetary policy for 2009-10 conducted by Reserve
Bank of India, futures trading to be also allowed which of the following currencies?
(A)Euro & Yen
(B)Euro, Yen & Pound-Sterling
(C)Euro, Yen, Pound-Sterling & Swiss franc
(D)Euro, Yen, Pound-Sterling & Ruble
(E)None of the above
Ans. (B) Euro, Yen & Pound-Sterling
5.At which of the following places ninth trilateral meeting between Russia, India and China
(RIC) was held recently to explore business opportunities in key sectors, including infrastructure
and energy?
(A)New Delhi
(B)Hyderabad
(C)Mumbai
(D)Bangalore
(E)Chennai
Ans. (D) Bangalore
6.Recently three states Punjab, Haryana & Uttar Pradesh have raised the state advised price
(SAP) for sugarcane for the coming crushing season. Which among the following is correct
combination of the hiked rates?
(A)Haryana Rs. 10, Punjab Rs. 20, Uttar Pradesh Rs. 25
(B)Haryana Rs. 15, Punjab Rs. 25, Uttar Pradesh Rs. 30
(C)Haryana Rs. 10, Punjab Rs. 15, Uttar Pradesh Rs. 25
(D)Haryana Rs. 15, Punjab Rs. 25, Uttar Pradesh Rs. 30
(E)Haryana Rs. 10, Punjab Rs. 20, Uttar Pradesh Rs. 30
Ans. (A) Haryana Rs. 10, Punjab Rs. 20, Uttar Pradesh Rs. 25
7.What are the RBI’s bank rate, repo rate, reverse repo rate and CRR respectively?
(A)5.5%, 5.75%, 3.25% and 5%,
(B)6%, 4.75%, 3% and 5%,
(C)6%, 4.75%, 3.25% and 5%,
(D)6%, 4.75%, 3.25% and 4.5%,
(E)6.5%, 4.75%, 3.25% and 5%,
Ans. (C) 6%, 4.75%, 3.25% and 5%,
8.To facilitate flow of credit to various sectors of state economy including the micro, small and
medium enterprises, ancillary and downstream industries, Industrial Promotion and Investment
Corporation of Orissa Ltd (Ipicol) has recently entered into a pact with which of the following
banks?
(A)State Bank of India
(B)Union Bank of India
(C)Bank of India Ltd
(D)Central Bank of India
(E)Corporation Bank
Ans. (D) Under the agreement, the Central Bank of India will deploy additional funds of about Rs
25,000 crore in Orissa over next five years. A loan will be sanctioned within 30 days from the
date of application and it will be intimated to Ipicol..
9.Recently we read in the newspapers that the benchmark prime lending rate (BPLR) also called
Base Rate by a Panel constituted by RBI to review the system of lending rates could serve as the
benchmark for floating rate loans.Who among the following headed this panel?
(A)Deepak Mohanty
(B)Usha Thorat
(C)P Vijay Bhaskar Rao
(D)Dr. Rakesh Mohan
(E)None of the above
Ans. (A) Deepak Mohanty
10.What is India’s position in the World Economic Forum’s ‘The Global Gender Gap Index 2009
rankings’?
(A)111
(B)134
(C)114
(D)125
(E)102
Ans. (C) 114
11.As per the recent news published in various newspapers, what has been the China’s GDP
growth rate in the third quarter of 2009?
(A)7.8 %
(B)8.9%
(C)8.2%
(D)8.6%
(E)9.2 %
Ans. (B) 8.9%
12. Recently the Information Technology (Amendment) Act, 2008, has become effective from
September 28, 2009. Apart from monitoring and interception this act also deals with the
appointment of ICERT that deals with computer security and situations arising from cyber
attacks.What is the full form of ICERT?
(A)Indian Cyber Emergency Review Team
(B)Indian Cyber crime Emergency Response Team
(C)Indian Computer Entrepreneurs Response Team
(D)Indian Computer Emergency Response Team
(E)None of the above
Ans. (B) Indian Computer Emergency Response Team
13.Who among the following is called guru of Micro finance in India?
(A)Vijay Mahajan
(B)Vikram Akula
(C)M. S. Swaminathan
(D)Muhammad Yunus
(E)Amartya Sen
Ans. (A) Vijay Mahajan
14.Which of the following Micro Finance Institution (MFI) has recently won the ‘institution of
the year’ award recently in the Microfinance India awards, instituted by NGO Access
Development Services and HSBC?
(A)Micro credit Foundation of India
(B)Bandhan
(C)Grameen Koota
(D)Sharada’s Women’s Association for Weaker Section
(E)Asmitha Microfin Ltd.
Ans. (B) Bandhan It’s a West Bengal based MFI
15. The Department of Posts will roll out a new service called Money Order Videsh which would
enable the postal customers to send money overseas and also receive money from abroad. This
service is to be launched in association with which of the following core banking / network
systems?
(A)An Post
(B)Eurogiro (British Post)
(C)Canada Post
(D)PostEurop
(E)UK Mail
Ans. (B) Eurogiro (British Post)
16.Recently the government of India’s Cabinet Committee on Economic Affairs (CCEA) has
approved the competitive bidding process for setting up large-scale biogas plants. The bidding
will be conducted under the National Biogas and Manure Management Programme (NBMMP).
In which year this Programme was launched?
(A)1992-93
(B)1981-82
(C)1967-97
(D)1999-2000
(E)2001-02
Ans. (B) 1981-82
17.Recently, India and China have signed an agreement to jointly fight climate change and
negotiate international climate deals part from a decision to set up a Joint Working Group (JWG)
that will hold annual meetings alternately in China and India to discuss respective domestic
policies and measures and implementation of related cooperative projects. This agreement is for
a period of ___?
(A)2 years
(B)3 years
(C)5 years
(D)4 years
(E)7 years
Ans. (C) 5 years
18.Recently Software giant Microsoft has launched how many editions of Windows 7 ?
(A)3
(B)4
(C)5
(D)6
(E)2
Ans. (D) 6, The six editions launched Windows 7 Home Premium (for home consumers), Windows 7
Professional (for small and medium businesses), Windows 7 Starter, Windows 7 Home Basic
(for emerging markets), Windows 7 Enterprise and Windows 7 Ultimate.
19.In the recent second quarterly review of the monetary policy what is the GDP growth target
for FY10?
(A)6.5% with upwardly bias
(B)6% with upwardly bias
(C)6.9% with upwardly bias
(D)5.8 % with upwardly bias
(E)7% with upwardly bias
Ans. (B) 6% with upwardly bias
20.What is the RBI’s projection of inflation by the end of March 2010 ?
(A)5%
(B)5.5%
(C)5.75%
(D)6.00 %
(E)6.5 %
Ans. (E) 6.5% earlier target was 5%
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