Lok Sabha passes GST bill
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NEW DELHI: The Lok Sabha passed the Goods and Service Tax Constitutional Amendment Bill on Wednesday, with Union finance minister Arun Jaitley assuring the states that the Centre would compensate any tax losses suffered by them over the next five years.
Speaking in the Lok Sabha, Jaitley told the members that GST will bring a uniform tax structure across the country, adding that certain products like petroleum and alcohol have been kept out of the purview of the bill and have been kept under the domain of the states.
However, even as the voting for the bill was on, the Congress party staged a walkout. Ultimately, the bill received the two-third majority needed for it to pass.
The Congress party had earlier demanded that the GST Bill should be first referred to the Select Committee before being taken up for passage in the Parliament.
The Bharatiya Janata Party (BJP) had today issued whip to its MPs to be present during the passage of the GST bill in the Lok Sabha.
NEW DELHI: The Lok Sabha passed the Goods and Service Tax Constitutional Amendment Bill on Wednesday, with Union finance minister Arun Jaitley assuring the states that the Centre would compensate any tax losses suffered by them over the next five years. Speaking in the Lok Sabha, Jaitley told the members that GST will bring a uniform tax structure across the country, adding that certain products like petroleum and alcohol have been kept out of the purview of the bill and have been kept under the domain of the states.
However, even as the voting for the bill was on, the Congress party staged a walkout. Ultimately, the bill received the two-third majority needed for it to pass.
The Congress party had earlier demanded that the GST Bill should be first referred to the Select Committee before being taken up for passage in the Parliament.
The Bharatiya Janata Party (BJP) had today issued whip to its MPs to be present during the passage of the GST bill in the Lok Sabha.
Hindu organisation in UK under scrutiny for asking Hindus to vote for Conservative party
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LONDON: The oldest umbrella organisation for 565,000 Hindus in Britain is now under scrutiny for asking its followers to vote for the Conservative Party.
Urging people to vote as a form of "dharma", a senior functionary of the National Council of Hindu Temples - general secretary Satish Sharma said the David Cameron led party rejected an anti-caste legislation and whose members are committed to repealing the caste amendment if re-elected.
Britain's Charity Commission told TOI that electoral guidance clearly states that charities are banned from supporting any political party or candidate and that all charities have to ensure that their independence is maintained.
Hindu organisations in UK have been calling on the House of Commons not to introduce a legislation - the Equality Act that includes caste among other forms of discrimination and gives legal protection to four lakh dalits living in the UK.
Sharma wrote on the organisation website "This is not a recommendation for members of the dharmic communities to vote for a particular party, but it would be unfair not to recognise that the Conservative Party is the only principal party which has rejected the process whereby this legislation was forced through, and the Conservative Party is the only party which has consistently listened to us and voted against this legislation".
According to Sharma, both the Labour Party and the Liberal Democrats have pledged that if elected, they would immediately introduce legislation that would "effectively introduce a caste system here in the UK".
Speaking to TOI, Sarah Hitchings from the Charity Commission said "We are aware of the notice posted and we contacted the charity to establish the facts of this matter and ask them to remove the post as a matter of urgency. Guidance on campaigning and political activity makes clear that a charity must not give its support to any political party or candidate".
She added "We are aware that the post has subsequently been removed and the trustees have responded to us. We are assessing the response to decide what action, if any, is required".
A controversy had broken out last year when a Conservative Party minister-in-charge of getting the new legislation rolling was accused of trying to actually shelf it.
In a letter to Hindu groups, equalities minister Helen Grant said a safeguard has been introduced which would allow the government to remove caste discrimination from the statute book if reviews show it is not necessary. The letter also asked Hindu groups to submit evidence that will help the government junk the legislation they feel is unnecessary.
In a letter to the Alliance of Hindu Organisations on May 9, Grant had said "I made no secret of my disappointment that it has been necessary for the government to concede to making an order to include caste as an element of race in the Equality Act 2010. We remain concerned that there is insufficient evidence of caste-based discrimination to require specific legislation".
Prime minister David Cameron has gone all out to appease the Indian Hindu community and recently asked Britain to take inspiration from Hinduism if it wants to become better.
Urging people to vote as a form of "dharma", a senior functionary of the National Council of Hindu Temples - general secretary Satish Sharma said the David Cameron led party rejected an anti-caste legislation and whose members are committed to repealing the caste amendment if re-elected.
Britain's Charity Commission told TOI that electoral guidance clearly states that charities are banned from supporting any political party or candidate and that all charities have to ensure that their independence is maintained.
Hindu organisations in UK have been calling on the House of Commons not to introduce a legislation - the Equality Act that includes caste among other forms of discrimination and gives legal protection to four lakh dalits living in the UK.
Sharma wrote on the organisation website "This is not a recommendation for members of the dharmic communities to vote for a particular party, but it would be unfair not to recognise that the Conservative Party is the only principal party which has rejected the process whereby this legislation was forced through, and the Conservative Party is the only party which has consistently listened to us and voted against this legislation".
According to Sharma, both the Labour Party and the Liberal Democrats have pledged that if elected, they would immediately introduce legislation that would "effectively introduce a caste system here in the UK".
Speaking to TOI, Sarah Hitchings from the Charity Commission said "We are aware of the notice posted and we contacted the charity to establish the facts of this matter and ask them to remove the post as a matter of urgency. Guidance on campaigning and political activity makes clear that a charity must not give its support to any political party or candidate".
She added "We are aware that the post has subsequently been removed and the trustees have responded to us. We are assessing the response to decide what action, if any, is required".
A controversy had broken out last year when a Conservative Party minister-in-charge of getting the new legislation rolling was accused of trying to actually shelf it.
In a letter to Hindu groups, equalities minister Helen Grant said a safeguard has been introduced which would allow the government to remove caste discrimination from the statute book if reviews show it is not necessary. The letter also asked Hindu groups to submit evidence that will help the government junk the legislation they feel is unnecessary.
In a letter to the Alliance of Hindu Organisations on May 9, Grant had said "I made no secret of my disappointment that it has been necessary for the government to concede to making an order to include caste as an element of race in the Equality Act 2010. We remain concerned that there is insufficient evidence of caste-based discrimination to require specific legislation".
Prime minister David Cameron has gone all out to appease the Indian Hindu community and recently asked Britain to take inspiration from Hinduism if it wants to become better.
Salman Khan sentenced to 5 years in jail
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MUMBAI: A sessions court on Wednesday sentenced Bollywood superstar Salman Khan to 5 years in jail after finding him guilty of all 8 charges in a 2002 case where his car rammed into a bakery killing one and injuring four persons while he was driving under the influence of alcohol.
The court had earlier found him guilty under the stringent charge of culpable homicide not amounting to murder that carries a maximum sentence of 10 years and several other charges including rash driving, causing minor injuries; causing major injuries; negligence and driving without a licence.
The sentence in the 12-year-old case was delivered in a jam packed court room number 58 of Judge D W Deshpande where the 49-year-old actor and his family were present.
The sentencing follows the culmination of a trial that commenced in April last year.
The court relied upon judgements in Alistair Pereira and Sanjeev Nanda BMW case of Delhi while convicting Salman.
The court also asked the actor what he had to say on the verdict to which he denied charges saying he was not driving the car at the time of mishap.
MUMBAI: A sessions court on Wednesday sentenced Bollywood superstar Salman Khan to 5 years in jail after finding him guilty of all 8 charges in a 2002 case where his car rammed into a bakery killing one and injuring four persons while he was driving under the influence of alcohol. The court had earlier found him guilty under the stringent charge of culpable homicide not amounting to murder that carries a maximum sentence of 10 years and several other charges including rash driving, causing minor injuries; causing major injuries; negligence and driving without a licence.
The sentence in the 12-year-old case was delivered in a jam packed court room number 58 of Judge D W Deshpande where the 49-year-old actor and his family were present.
The sentencing follows the culmination of a trial that commenced in April last year.
The court relied upon judgements in Alistair Pereira and Sanjeev Nanda BMW case of Delhi while convicting Salman.
The court also asked the actor what he had to say on the verdict to which he denied charges saying he was not driving the car at the time of mishap.
UAE unveils Mars mission plan
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DUBAI: The UAE on Wednesday unveiled its plan to send an unmanned probe to Mars in 2021 to study the atmosphere of the Red Planet, a media report said.
The initial details of the mission named Al Amal, or "Hope", were unveiled at an official event attended by Shaikh Mohammad Bin Rashid, vice-president and Prime Minister of the United Arab Emirates and ruler of Dubai.
"Our science mission is to produce the first ever truly global picture of the Martian atmosphere. This is the first holistic study of the Martian climate and how the layers of atmosphere fit together," Gulf News quoted Omran Sharaf, Emirates Mars Mission project manager, as saying on a video.
A purely Emirati team composed of 150 engineers and scientists will work on the mission, the report added.
"We have to be ready by then (July 2020). There is no second chance. It's a race against time," Sharaf said. The spacecraft will be launched in the nose cone of a rocket. The journey to Mars will take around seven months," Sharaf said.
"Scientists on earth will use the data that will be sent by the probe to build a complete dynamic picture of the Martian climate. This is something that has never been seen before," he added.
All the data collected by the probe will be made available to 200 universities and research institutes.
A space agency has been created to plan, execute and monitor the seven to nine-month journey to Mars over the next six years. Sent at 17:28 on Wednesday
The initial details of the mission named Al Amal, or "Hope", were unveiled at an official event attended by Shaikh Mohammad Bin Rashid, vice-president and Prime Minister of the United Arab Emirates and ruler of Dubai.
"Our science mission is to produce the first ever truly global picture of the Martian atmosphere. This is the first holistic study of the Martian climate and how the layers of atmosphere fit together," Gulf News quoted Omran Sharaf, Emirates Mars Mission project manager, as saying on a video.
A purely Emirati team composed of 150 engineers and scientists will work on the mission, the report added.
"We have to be ready by then (July 2020). There is no second chance. It's a race against time," Sharaf said. The spacecraft will be launched in the nose cone of a rocket. The journey to Mars will take around seven months," Sharaf said.
"Scientists on earth will use the data that will be sent by the probe to build a complete dynamic picture of the Martian climate. This is something that has never been seen before," he added.
All the data collected by the probe will be made available to 200 universities and research institutes.
A space agency has been created to plan, execute and monitor the seven to nine-month journey to Mars over the next six years. Sent at 17:28 on Wednesday
Those seeking change are not anti-government: US to India on NGOs
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NEW DELHI: The US today hit out at Modi government for the punitive action against scores of NGOs, saying those who act peacefully to seek change are not anti-government and not trying to weaken national security.
US ambassador Richard Verma further said citizens have a "inalienable right" in a democratic society to argue peacefully and ask questions or challenge laws.
"I read with some concern the recent press reports on challenges faced by the NGOs operating in India. Because a vibrant civil society is so important to both of our democratic traditions, I do worry about the potentially chilling effects of these regulatory steps focused on NGOs," Verma said.
He was delivering a lecture on "Foundation of the US-India Strategic-Plus Relationship" at Ananta Aspean Institute, a think-tank.
In a crackdown on NGOs allegedly receiving illegal foreign funds, the government last month had cancelled licences of nearly 9,000 such entities for violation of the Foreign Contribution Regulation Act (FCRA).
The US-based Ford Foundation has also been put on the 'watch list' by the home ministry, which directed that funds coming from the international donor should not be released by any bank to any Indian NGO without mandatory permission from it. The government had also barred Greenpeace India from receiving foreign funds with immediate effect.
Noting that it was natural to have areas of disagreement between the two countries, he said he was looking forward to some tough discussions with India on certain issues, indicating that action against NGOs may be one of them.
"I also know there will be times when we disagree, and I look forward to those conversations, too. Yes, I look forward to the tough discussions because my argument is not that our two sovereign countries must be exactly the same," he said.
After the Ford Foundation was put on the watch list, the US state department had protested and the issue was also reportedly raised by under secretary for political affairs Wendy Sherman during her meetings with senior Indian officials here last week.
NEW DELHI: The US today hit out at Modi government for the punitive action against scores of NGOs, saying those who act peacefully to seek change are not anti-government and not trying to weaken national security. US ambassador Richard Verma further said citizens have a "inalienable right" in a democratic society to argue peacefully and ask questions or challenge laws.
"I read with some concern the recent press reports on challenges faced by the NGOs operating in India. Because a vibrant civil society is so important to both of our democratic traditions, I do worry about the potentially chilling effects of these regulatory steps focused on NGOs," Verma said.
He was delivering a lecture on "Foundation of the US-India Strategic-Plus Relationship" at Ananta Aspean Institute, a think-tank.
In a crackdown on NGOs allegedly receiving illegal foreign funds, the government last month had cancelled licences of nearly 9,000 such entities for violation of the Foreign Contribution Regulation Act (FCRA).
The US-based Ford Foundation has also been put on the 'watch list' by the home ministry, which directed that funds coming from the international donor should not be released by any bank to any Indian NGO without mandatory permission from it. The government had also barred Greenpeace India from receiving foreign funds with immediate effect.
Noting that it was natural to have areas of disagreement between the two countries, he said he was looking forward to some tough discussions with India on certain issues, indicating that action against NGOs may be one of them.
"I also know there will be times when we disagree, and I look forward to those conversations, too. Yes, I look forward to the tough discussions because my argument is not that our two sovereign countries must be exactly the same," he said.
After the Ford Foundation was put on the watch list, the US state department had protested and the issue was also reportedly raised by under secretary for political affairs Wendy Sherman during her meetings with senior Indian officials here last week.
Sonia Gandhi says Modi govt "of some people, by one person, for a select few"
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NEW DELHI: A combative Congress President Sonia Gandhi today mounted a blistering attack on Prime Minister Narendra Modi, accusing him of running a government "of some peopl
e, by one person, for a select few" and said he has not much to showcase even as the government completes one year.
Addressing a meeting of the Congress Parliamentary Party, Gandhi, who is also CPP Chairperson took repeated digs at the Modi dispensation over issues like centralisation of power, lack of substantial growth on the economic front and acting with "obstinate arrogance" in Parliament and criticism of previous governments by the Prime Minister on foreign soil
.
"What do they deserve credit for? They deserve credit for the the most anti-farmer legislative amendments to our Land Acquisition Bill. They deserve credit for ignoring the severe plight of farmers throughout the country in a show of callous unconcern that has never been seen before," she said.
"They deserve credit for creating the most centralized government in India's recent history. Ministers hardly matter. Even the bureaucrats, who are supposedly empowered, feel paralyzed because all key files are pending in the PMO for decision," she said.
Gandhi, who is seeking to move an adjournment motion in the Lok Sabha on the issue of keeping vacant critical appointments in the government, wondered "what is this government afraid of?
She said those appointments in government structure, which have independent authority to question the working of the government machinery, were specially lying vacant.
"Friends, the challenge to us is very clear. We are faced with a government, which assaults everything precious that India and the Congress stands for...We must take the fight for and expose this government on its other sins of omission and commission."
Taking a jibe at Modi, she said the Prime Minister likes to talk of consensus.
"Yet ignoring convention, this government acts with obstinate arrogance. Such arrogance is also apparent when forcing its way in Parliament. Out of 51 bills, 43 have not been sent to the Standing Committee," she said.
The Congress President's remarks come at a time when there is a face off between the Government and the Opposition over referring the key GST bill to the Standing Committee.
Citing two examples, she said recently the government imposed AFSPA in Arunchal Pradesh "without even informing the Chief Minister" and they were earlier planning to go through the Bangladesh Land Agreement excluding Assam.
NEW DELHI: A combative Congress President Sonia Gandhi today mounted a blistering attack on Prime Minister Narendra Modi, accusing him of running a government "of some peopl
e, by one person, for a select few" and said he has not much to showcase even as the government completes one year.
Addressing a meeting of the Congress Parliamentary Party, Gandhi, who is also CPP Chairperson took repeated digs at the Modi dispensation over issues like centralisation of power, lack of substantial growth on the economic front and acting with "obstinate arrogance" in Parliament and criticism of previous governments by the Prime Minister on foreign soil
.
"What do they deserve credit for? They deserve credit for the the most anti-farmer legislative amendments to our Land Acquisition Bill. They deserve credit for ignoring the severe plight of farmers throughout the country in a show of callous unconcern that has never been seen before," she said.
.
"What do they deserve credit for? They deserve credit for the the most anti-farmer legislative amendments to our Land Acquisition Bill. They deserve credit for ignoring the severe plight of farmers throughout the country in a show of callous unconcern that has never been seen before," she said.
"They deserve credit for creating the most centralized government in India's recent history. Ministers hardly matter. Even the bureaucrats, who are supposedly empowered, feel paralyzed because all key files are pending in the PMO for decision," she said.
Gandhi, who is seeking to move an adjournment motion in the Lok Sabha on the issue of keeping vacant critical appointments in the government, wondered "what is this government afraid of?
She said those appointments in government structure, which have independent authority to question the working of the government machinery, were specially lying vacant.
"Friends, the challenge to us is very clear. We are faced with a government, which assaults everything precious that India and the Congress stands for...We must take the fight for and expose this government on its other sins of omission and commission."
Taking a jibe at Modi, she said the Prime Minister likes to talk of consensus.
"Yet ignoring convention, this government acts with obstinate arrogance. Such arrogance is also apparent when forcing its way in Parliament. Out of 51 bills, 43 have not been sent to the Standing Committee," she said.
The Congress President's remarks come at a time when there is a face off between the Government and the Opposition over referring the key GST bill to the Standing Committee.
Citing two examples, she said recently the government imposed AFSPA in Arunchal Pradesh "without even informing the Chief Minister" and they were earlier planning to go through the Bangladesh Land Agreement excluding Assam.
Sensex tanks 723 pts on reform concerns
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MUMBAI: Stock market witnessed a bloodbath today withSensex tanking 723 points; its second biggest single day fall since Narendra Modi government took over on huge sell-off by FIIs on concerns over GST and other reforms.
Across-the-board sell-off was triggered by concerns that reform process may get delayed as the key GST bill faces strong political opposition even as it got through Lok Sabha. Slowdown in the services and manufacturing sectors as also persistent taxation worries added to the pressure.
Some traders said that conviction of hugely popular bollywood actor Salman Khan in a 13-year-old hit and run case could also have been at play, as a large number of HNI investors and traders typically rotate their funds between stock market, real estate and film industry.
"Traders remained concerned due to prevailing conflict between the opposition and government over key bills in the parliament," said Jayant Manglik, President of Retail distribution at Religare Securities.
The 30-share Sensex after opening a shade higher at 27,473.36 and advanced to a high of 27,501.15.
However, it succumbed to selling pressure and dipped below the 27,000-mark with blue-chip stocks ICICI Bank, ONGC, Cipla and ITC, among other plummeting. It touched a low of 26,677.64 before settling 722.77 points or 2.63 per cent lower at 26,717.37, the lowest in nearly 5 months.
This is the biggest single day fall in last four months after 855 points plunge on January 6. Besides, this is the second-biggest since Modi government took over on May 26, 2014.
The 50-share NSE Nifty crashed by 227.80 points or 2.74 per cent to close below 8,100-mark at 8,097.
On expectations of speedy reforms promised, the Sensex was on an upward spiral for over nine months and soared to an all-time high of over 30,000 points early in March this year.
However, it has lost over 3,300 points from its peak, wiping out more than half of the gains made since the change in government.
"The Sensex has lost nearly 2,400 points (over 8 per cent) in the last three weeks primarily on account of the concerns pertaining to the FIIs taxation (MAT) issue, the nervousness surrounding the March quarter earnings season, which has failed to surprise on the upside as yet and the possibility of a second consecutive year of weak monsoon," said Hitesh Agrawal, Head of Research at Reliance Securities.
MUMBAI: Stock market witnessed a bloodbath today withSensex tanking 723 points; its second biggest single day fall since Narendra Modi government took over on huge sell-off by FIIs on concerns over GST and other reforms.
Across-the-board sell-off was triggered by concerns that reform process may get delayed as the key GST bill faces strong political opposition even as it got through Lok Sabha. Slowdown in the services and manufacturing sectors as also persistent taxation worries added to the pressure.
Some traders said that conviction of hugely popular bollywood actor Salman Khan in a 13-year-old hit and run case could also have been at play, as a large number of HNI investors and traders typically rotate their funds between stock market, real estate and film industry.
"Traders remained concerned due to prevailing conflict between the opposition and government over key bills in the parliament," said Jayant Manglik, President of Retail distribution at Religare Securities.
The 30-share Sensex after opening a shade higher at 27,473.36 and advanced to a high of 27,501.15.
However, it succumbed to selling pressure and dipped below the 27,000-mark with blue-chip stocks ICICI Bank, ONGC, Cipla and ITC, among other plummeting. It touched a low of 26,677.64 before settling 722.77 points or 2.63 per cent lower at 26,717.37, the lowest in nearly 5 months.
This is the biggest single day fall in last four months after 855 points plunge on January 6. Besides, this is the second-biggest since Modi government took over on May 26, 2014.
The 50-share NSE Nifty crashed by 227.80 points or 2.74 per cent to close below 8,100-mark at 8,097.
On expectations of speedy reforms promised, the Sensex was on an upward spiral for over nine months and soared to an all-time high of over 30,000 points early in March this year.
However, it has lost over 3,300 points from its peak, wiping out more than half of the gains made since the change in government.
"The Sensex has lost nearly 2,400 points (over 8 per cent) in the last three weeks primarily on account of the concerns pertaining to the FIIs taxation (MAT) issue, the nervousness surrounding the March quarter earnings season, which has failed to surprise on the upside as yet and the possibility of a second consecutive year of weak monsoon," said Hitesh Agrawal, Head of Research at Reliance Securities.
Across-the-board sell-off was triggered by concerns that reform process may get delayed as the key GST bill faces strong political opposition even as it got through Lok Sabha. Slowdown in the services and manufacturing sectors as also persistent taxation worries added to the pressure.
Some traders said that conviction of hugely popular bollywood actor Salman Khan in a 13-year-old hit and run case could also have been at play, as a large number of HNI investors and traders typically rotate their funds between stock market, real estate and film industry.
The 30-share Sensex after opening a shade higher at 27,473.36 and advanced to a high of 27,501.15.
However, it succumbed to selling pressure and dipped below the 27,000-mark with blue-chip stocks ICICI Bank, ONGC, Cipla and ITC, among other plummeting. It touched a low of 26,677.64 before settling 722.77 points or 2.63 per cent lower at 26,717.37, the lowest in nearly 5 months.
This is the biggest single day fall in last four months after 855 points plunge on January 6. Besides, this is the second-biggest since Modi government took over on May 26, 2014.
The 50-share NSE Nifty crashed by 227.80 points or 2.74 per cent to close below 8,100-mark at 8,097.
On expectations of speedy reforms promised, the Sensex was on an upward spiral for over nine months and soared to an all-time high of over 30,000 points early in March this year.
However, it has lost over 3,300 points from its peak, wiping out more than half of the gains made since the change in government.
"The Sensex has lost nearly 2,400 points (over 8 per cent) in the last three weeks primarily on account of the concerns pertaining to the FIIs taxation (MAT) issue, the nervousness surrounding the March quarter earnings season, which has failed to surprise on the upside as yet and the possibility of a second consecutive year of weak monsoon," said Hitesh Agrawal, Head of Research at Reliance Securities.
IBPS Specialist Officers Examination (CWE) General Awareness Solved Paper
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1. Who among the following is one of the recipients of the Nobel Peace Prize - 2011 ?
(A) Ellen Johnson Sirleaf (B) Jules A. Hoffmann (C) Brude A. Beutler
(D) Adam G. Riess (E) Tomas Transtromer (Ans : A)
2. The Food Security Bill-2011 which is in the process of becoming an Act, divides the entire population of the country into two groups. Which of the following are these two groups ?
(A) Below poverty line and above poverty line
(B) General population and excluded population
(C) Included households and excluded households
(D) Covered under PDS and not covered under PDS
(E) General households and priority households (Ans : E)
3. RBI has recently deregulated the rates of interest to be provided by various Banks to their depositors/ customers with effect from 25-10-2011 on their accounts.
(A) Time deposit (B) Saving bank (C) Loan
(D) Fixed deposit (E) Current (Ans : B)
4. Which of the following is the main advantage of "ASBA" with the applicants for share allotment ?
(A) ASBA applicant has got secured allotment of shares
(B) ASBA applicant has got certain preference in allotment of shares as compared to general applicants
(C) ASBA applicant need not remit the fund for allotment of shares, he/she will do so after shares are allotted to him/her
(D) ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her
(E) None of these (Ans : D)
5. "Many people die in Deadly Games in Egypt" –was the news in almost all major newspapers in February 2012.
Which of the following statements is the correct representation of 'Deadly Game' given in the headlines ?
(A) A riot broke out during a Football Match in Egypt in which many people were killed
(B) Police had to open fire on a mob including some genuine ticket holders, who were not allowed to enter the stadium even after the start of the match
(C) Egypt is famous for its dangerous games of 'Bull fight' and 'Martial Game'. Many participants die every year in such games
(D) Some terrorists opened fire during a football match. About 1,000 people were killed in the incident
(E) The defeat in the game is considered equivalent to death (Ans : A)
6. Mullaperiyar Dam, which was recently in news, is located in which of the following States?
(A) Maharashtra (B) Karnataka (C) Andhra Pradesh
(D) Kerala (E) Tamil Nadu (Ans : D)
7. Like telephone/Mobile number portability, the Ministry of Finance/RBI is now also considering to provide bank account number portability to bank customers. Which of the following would it mean?
(A) Any customer/account holder can withdraw cash from any other Bank through his/her own cheques drawn on other bank even without ATM
(B) Any borrower can draw funds from his/her loan account' from any other bank also
(C) The account number of any account holder will remain the same even if he/she is getting his/ her account transferred to another bank also
(D) Bank customers would have the facility of mobile Banks to with- draw cash nearby his/her place
(E) None of these (Ans : C)
8. The total number of Kissan Credit Card holder farmers in our country is–
(A) 8 Crores (B) 10 Crores (C) 5 Crores
(D) 7.5 Crores (E) 6 Crores (Ans : B)
9. NRE deposit is–
(A) Non Resident External deposit (B) Non Resident Extra deposit
(C) Non Resident Exchange deposit (D) Non Refundable External deposit
(E) Non Resident Extended deposit (Ans : A)
10. What is offshore banking ?
(A) It is a bank located in the sea (i.e. island).
(B) It is a bank located in SEZ.
(C) It is a bank located in a neighbouring country.
(D) It is a bank located outside the country of residence of the depositor.
(E) Offshore banking is basically dealing in foreign exchange. (Ans : D)
11. Maoists in which of the following countries recently decided to accept Govt's offer of 'Golden Handshake' fund enter into 'civilian life' or mainstream of the society ?
(A) Myanmar (B) India (C) China
(D) Nepal (E) Bhutan (Ans : D)
12. Which of the following is correct?
(A) Illiterates cannot open any account in a bank
(B) Illiterate women cannot open any account in a bank
(C) Illiterates can open savings bank accounts in a bank
(D) Advance can be granted to a minor
(E) Advance can be granted to a minor if he is of sound mind (Ans : C)
13. As per newspaper reports western countries are going to impose sanctions on which of the following OPEC countries as it is said that it is trying to make a nuclear bomb ?
(A) Kuwait (B) Iraq (C) Iran
(D) Saudi Arabia (E) Angola (Ans : C)
14. ''The Reliance Industries Ltd. has decided to return some 'KG' fields to the Government of India" -was the news in some major newspapers. What is the major production in KG fields owned by RIL ?
(A) Crude oil (B) Gas (C) Coal
(D) Iron ore (E) Gold ore and Diamonds (Ans : B)
15. Non-convertible debentures are–
(A) Debt instruments which acquire equity status at the issuers' option.
(B) Debt instruments which acquire equity status at the investors' option.
(C) Debt instruments which acquire equity status with the permission of Registrar of Companies.
(D) Debt instruments which acquire equity status on maturity.
(E) Debt instruments which retain their debt character and cannot acquire equity status. (Ans : E)
16. India's Dipika Pallikal and Sarah Cardwell of Australia recently played an international match in Chennai. Both of them are–
(A) Badminton players (B) Golf players (C) Chess players
(D) Squash players (E) Table Tennis players (Ans : D)
17. "IRDA 'norms will boost online distribution" -was the news in some major newspapers. This means online distribution of which of the following will boost up ?
(A) Bank products (B) Insurance policies/products
(C) Licenses to open new banks/ branches of existing banks
(D) Licenses to operate 2G / 3G spectrums
(E) Permits for export of iron ore (Ans : B)
18. 'Lajja' is a book written by–
(A) Salman Rushdie (B) Taslima Nasreen (C) Sunil Ganguli
(D) Rabindranath Tagore (E) Bimal Mitra (Ans : B)
19. To prevent frauds in multiple mortgage cases, under SARFAESI Act, 2002 one special thing has been created and made operative from 01. 04. 2011. Which one is that from the following?
(A) Special Registrar Office at Lucknow
(B) Special Central Arbitration Bureau at Lucknow
(C) Central SARFAESI Tribunals at Six Centres
(D) Central Electronic Registry
(E) State Electronic Registries (Ans : D)
20. SBI has merged which of the following two associate banks with itself?
(A) State Bank of Hyderabad and State Bank of Patiala
(B) State Bank of Hyderabad and State Bank of Travancore
(C) State Bank of Mysore and State Bank of Travancore
(D) State Bank of Indore and State Bank of Hyderabad
(E) State Bank of Indore and State Bank of Saurashtra (Ans : E)
21. Assembly elections took place in which one of the following States recently? (in January 2012)
(A) Madhya Pradesh (B) Maharashtra (C) Kerala
(D) Punjab (E) Tamil adu (Ans : D)
22. Which one of the following is not a salient feature of Debit Card?
(A) No bad debts to banks and no suits for recovery
(B) 0 interest earning for banks
(C) Works like a normal withdrawal
(D) Can be used at ATM and POS
(E) 45 days credit is given to the card holder (Ans : E)
23. Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in banking context ?
(A) Line of Credit (B) Loan to Client (C) Loan on Credit
(D) Loan against Credit (E) Letter of Credit (Ans : E)
24. As per Financial Inclusion drive one of the following Banks introduced Tilly Cards with Biometric identification. Which of the following is that Bank?
(A) Central Bank of India (B) Oriental Bank of Commerce (C) Indian Bank
(D) State Bank of India (E) Bank of Maharashtra (Ans : D)
25. World leaders are to assemble in Rio de Janeiro in June 2012 for the United Nations Conference on Sustainable Development (Rio+20). All nations are going to make some commitment towards the goal of the conference. As per the agenda circulated, what commitment do world leaders want from India in the Conference ?
(A) India should agree to double its energy efficiency under a global understanding
(B) India should suspend its nuclear pact with USA or at least should reduce it to 50% level of agreed capacity
(C) Nuclear power plants are highly risky as seen in Japan recently. Hence, no new plant should be made
(D) India has a vast resource of coal. It must share its coal resources with other countries to enable them to produce thermal power which they are not doing so far due to lack of coal mines there
(E) None of these (Ans : C)
26. Who among the following is the recipient of the Padma Vibhushan given in 2012 ?
(A) Late (Dr.) Bhupen Hazarika (B) Sri Vanraj Bhatia (C) Sri Javed Akhtar
(D) Sri Amitabh Bachchan (E) Smt. Ambika Soni (Ans : A)
27. Under the liberialised scheme of interest subsidy, Govt. of India provides interest subsidy on housing loan at the rate of–
(A) 0. 50% (B) 1. 00% (C) 2. 00%
(D) 2. 00% + 1. 00% for prompt repayment (E) None of these (Ans : B)
28. When a Bank provides a loan for purchase of white goods, it is categorised as–
(A) Consumption loan (B) White Goods loan (C) Consumer Durable loan
(D) Working Capital (E) Bridge loan (Ans : D)
29. India has decided to acquire Rafale Fighter planes for its airforce wing. Which country is going to supply Rafale fighter planes ?
(A) Italy (B) Britain (C) Canada
(D) France (E) Germany(Ans : D)
30. Which of the following statements about contribution (approximately) of agriculture sector in GDP is correct?
(A) Agriculture contributes 50% of total GDP
(B) Agriculture does not contribute significantly to India's GDP as the share is less than 1 %
(C) India's GDP does not take agricultural sector into account
(D) Agricultural Sector is the part of Service Sector. Hence, it is not considered as an independent sector
(E) Agricultural Sector contributes 20% in India's GDP (Ans : E)
31. Banks are considered as 'financial intermediaries'. Which of the following activity correctly and comprehensively explains this role of banks ?
(A) Accepting deposits of money for the purpose of lending and investment
(B) Granting loans to the weaker sections of the society
(C) Accepting money for remittance and issuing bank drafts
(D) Providing safe deposit services
(E) Opening accounts and accepting deposits therein (Ans : A)
32. The rate below which banks cannot generally lend is called as–
(A) Base rate (B) Floor rate (C) Repo rate
(D) Call money rate (E) Ceiling rate (Ans : A)
33. As per the data released by the Union Health Ministry (of India) the infant mortality rate is lowest in–
(A) Tamil Nadu (B) Maharashtra (C) Goa
(D) Uttar Pradesh (E) Madhya Pradesh (Ans : C)
34. Dada Saheb Phalke Awards are given by the Ministry of–
(A) Social Welfare (B) Corporate Affairs (C) Home Affairs
(D) Human Resource Development (E) Information and Broadcasting (Ans : E)
35. Which of the following is not a type of Cheque ?
(A) Crossed cheque (B) Blank cheque (C) Speed cheque
(D) Bearer cheque (E) Order cheque (Ans : C)
36. Mr. John Key is the present–
(A) Prime Minister of Canada (B) Prime Minister of Australia
(C) Prime Minister of New Zealand (D) President of Australia
(E) President of Canada (Ans : C)
37. In relation to banking, what do you' understand by "Ever-Greening of Loan Account" ?
(A) Full repayment of a loan account before maturity-Pre-payment
(B) Full repayment of a loan account exactly at maturity
(C) Fresh loan sanctioned during the tenure of account for enhancement of limits
(D) Adjusting the NPA/Sticky account with fresh sanction of loans
(E) Loans provided for new projects to new customers
(Ans : D)
38. Which of the following is the name of an autonomous organisation for rural technology ?
(A) CAPART (B) MGNREGA (C) PURA
(D) IRDP (E) NGAPS (Ans : A)
39. With a view to facilitate payment of balance in deposit account of the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced in bank accounts in our country.
(A) Will (B) Registration (C) Nomination
(D) Indemnity (E) Guarantee (Ans : C)
40. Which of the following countries is not a member of ASEAN ?
(A) Thailand (B) Myanmar (C) Singapore
(D) Vietnam (E) Brazil (Ans : E)
41. Which of the following is not a Negotiable Instrument?
(A) Cheque (B) Fixed Deposit Receipt (C) Promissory Note
(D) Bill of Exchange (E) All (A) to (D) above are negotiable instruments (Ans : B)
42. Which of the following Stock Exchanges in India recently launched "Carbon Index" so that investors can assess risk and opportunities associated with climate change?
(A) Delhi Stock Exchange (B) National Stock Exchange
(C) Bombay Stock Exchange (D) Kolkata Stock Exchange
(E) Ahmedabad Stock Exchange (Ans : C)
43. Which of the following would be the venue of the World Athletic Championship 2013 ?
(A) New Delhi (B) Tokyo (C) London
(D) Paris (E) Moscow (Ans : E)
44. Who among the following represented India in 17th SAARC Summit held at Addu in Maldives in November 2011 ?
(A) Smt. Sonia Gandhi (B) Dr. Manmohan Singh
(C) Shri Pranab Mukherjee (D) Shri P. Chidambaram
(E) Shri Rahul Gandhi (Ans : B)
45. What is the maximum balance amount that is eligible for earning interest in a normal savings bank account ?
(A) Rs. 1 lac (B) Rs. 2 lacs (C) Rs. 3 lacs
(D) Rs. 5 lacs (E) No limit (Ans : E)
46. When a customer opens a Deposit account with the Bank, which one of the following is the status of the Bank?
(A) Debtor (B) Creditor (C) Trustee
(D) Beneficiary (E) None of these (Ans : A)
47. Which of the following states decided to give Khatedhari Rights to about 30,000 farmers occupying the custodian lands ?
(A) Gujarat (B) Rajasthan (C) Madhya Pradesh
(D) Uttar Pradesh (E) Uttarakhand (Ans : B)
48. Which of the following functions is not being performed by the Reserve Bank of India ?
(A) Regulation of Banks in India
(B) Regulation of Foreign- Direct Investment in India
(C) Foreign Currency Management in India
(D) Control and Supervision of Money Supply
(E) Currency Management in India (Ans : B)
49. A bank is called as 'Scheduled Bank' when–
(A) its business has crossed Rs. 1,000 crore mark.
(B) its branch network is over 100
(C) it is included in the second Schedule of the RBI Act
(D) when it complies with all the three above
(E) None of these (Ans : C)
50. Australian Govt. recently decided to sell Uranium to India. Uranium is used mainly for–
(A) manufacturing of chemical fertilizers. (B) manufacturing of Drugs/Pharma products.
(C) nuclear power generation. (D) making arsenals.
(E) making electronic chips. (Ans : C)
1. Who among the following is one of the recipients of the Nobel Peace Prize - 2011 ?
(A) Ellen Johnson Sirleaf (B) Jules A. Hoffmann (C) Brude A. Beutler
(D) Adam G. Riess (E) Tomas Transtromer (Ans : A)
2. The Food Security Bill-2011 which is in the process of becoming an Act, divides the entire population of the country into two groups. Which of the following are these two groups ?
(A) Below poverty line and above poverty line
(B) General population and excluded population
(C) Included households and excluded households
(D) Covered under PDS and not covered under PDS
(E) General households and priority households (Ans : E)
3. RBI has recently deregulated the rates of interest to be provided by various Banks to their depositors/ customers with effect from 25-10-2011 on their accounts.
(A) Time deposit (B) Saving bank (C) Loan
(D) Fixed deposit (E) Current (Ans : B)
4. Which of the following is the main advantage of "ASBA" with the applicants for share allotment ?
(A) ASBA applicant has got secured allotment of shares
(B) ASBA applicant has got certain preference in allotment of shares as compared to general applicants
(C) ASBA applicant need not remit the fund for allotment of shares, he/she will do so after shares are allotted to him/her
(D) ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her
(E) None of these (Ans : D)
5. "Many people die in Deadly Games in Egypt" –was the news in almost all major newspapers in February 2012.
Which of the following statements is the correct representation of 'Deadly Game' given in the headlines ?
(A) A riot broke out during a Football Match in Egypt in which many people were killed
(B) Police had to open fire on a mob including some genuine ticket holders, who were not allowed to enter the stadium even after the start of the match
(C) Egypt is famous for its dangerous games of 'Bull fight' and 'Martial Game'. Many participants die every year in such games
(D) Some terrorists opened fire during a football match. About 1,000 people were killed in the incident
(E) The defeat in the game is considered equivalent to death (Ans : A)
6. Mullaperiyar Dam, which was recently in news, is located in which of the following States?
(A) Maharashtra (B) Karnataka (C) Andhra Pradesh
(D) Kerala (E) Tamil Nadu (Ans : D)
7. Like telephone/Mobile number portability, the Ministry of Finance/RBI is now also considering to provide bank account number portability to bank customers. Which of the following would it mean?
(A) Any customer/account holder can withdraw cash from any other Bank through his/her own cheques drawn on other bank even without ATM
(B) Any borrower can draw funds from his/her loan account' from any other bank also
(C) The account number of any account holder will remain the same even if he/she is getting his/ her account transferred to another bank also
(D) Bank customers would have the facility of mobile Banks to with- draw cash nearby his/her place
(E) None of these (Ans : C)
8. The total number of Kissan Credit Card holder farmers in our country is–
(A) 8 Crores (B) 10 Crores (C) 5 Crores
(D) 7.5 Crores (E) 6 Crores (Ans : B)
9. NRE deposit is–
(A) Non Resident External deposit (B) Non Resident Extra deposit
(C) Non Resident Exchange deposit (D) Non Refundable External deposit
(E) Non Resident Extended deposit (Ans : A)
10. What is offshore banking ?
(A) It is a bank located in the sea (i.e. island).
(B) It is a bank located in SEZ.
(C) It is a bank located in a neighbouring country.
(D) It is a bank located outside the country of residence of the depositor.
(E) Offshore banking is basically dealing in foreign exchange. (Ans : D)
11. Maoists in which of the following countries recently decided to accept Govt's offer of 'Golden Handshake' fund enter into 'civilian life' or mainstream of the society ?
(A) Myanmar (B) India (C) China
(D) Nepal (E) Bhutan (Ans : D)
12. Which of the following is correct?
(A) Illiterates cannot open any account in a bank
(B) Illiterate women cannot open any account in a bank
(C) Illiterates can open savings bank accounts in a bank
(D) Advance can be granted to a minor
(E) Advance can be granted to a minor if he is of sound mind (Ans : C)
13. As per newspaper reports western countries are going to impose sanctions on which of the following OPEC countries as it is said that it is trying to make a nuclear bomb ?
(A) Kuwait (B) Iraq (C) Iran
(D) Saudi Arabia (E) Angola (Ans : C)
14. ''The Reliance Industries Ltd. has decided to return some 'KG' fields to the Government of India" -was the news in some major newspapers. What is the major production in KG fields owned by RIL ?
(A) Crude oil (B) Gas (C) Coal
(D) Iron ore (E) Gold ore and Diamonds (Ans : B)
15. Non-convertible debentures are–
(A) Debt instruments which acquire equity status at the issuers' option.
(B) Debt instruments which acquire equity status at the investors' option.
(C) Debt instruments which acquire equity status with the permission of Registrar of Companies.
(D) Debt instruments which acquire equity status on maturity.
(E) Debt instruments which retain their debt character and cannot acquire equity status. (Ans : E)
16. India's Dipika Pallikal and Sarah Cardwell of Australia recently played an international match in Chennai. Both of them are–
(A) Badminton players (B) Golf players (C) Chess players
(D) Squash players (E) Table Tennis players (Ans : D)
17. "IRDA 'norms will boost online distribution" -was the news in some major newspapers. This means online distribution of which of the following will boost up ?
(A) Bank products (B) Insurance policies/products
(C) Licenses to open new banks/ branches of existing banks
(D) Licenses to operate 2G / 3G spectrums
(E) Permits for export of iron ore (Ans : B)
18. 'Lajja' is a book written by–
(A) Salman Rushdie (B) Taslima Nasreen (C) Sunil Ganguli
(D) Rabindranath Tagore (E) Bimal Mitra (Ans : B)
19. To prevent frauds in multiple mortgage cases, under SARFAESI Act, 2002 one special thing has been created and made operative from 01. 04. 2011. Which one is that from the following?
(A) Special Registrar Office at Lucknow
(B) Special Central Arbitration Bureau at Lucknow
(C) Central SARFAESI Tribunals at Six Centres
(D) Central Electronic Registry
(E) State Electronic Registries (Ans : D)
20. SBI has merged which of the following two associate banks with itself?
(A) State Bank of Hyderabad and State Bank of Patiala
(B) State Bank of Hyderabad and State Bank of Travancore
(C) State Bank of Mysore and State Bank of Travancore
(D) State Bank of Indore and State Bank of Hyderabad
(E) State Bank of Indore and State Bank of Saurashtra (Ans : E)
21. Assembly elections took place in which one of the following States recently? (in January 2012)
(A) Madhya Pradesh (B) Maharashtra (C) Kerala
(D) Punjab (E) Tamil adu (Ans : D)
22. Which one of the following is not a salient feature of Debit Card?
(A) No bad debts to banks and no suits for recovery
(B) 0 interest earning for banks
(C) Works like a normal withdrawal
(D) Can be used at ATM and POS
(E) 45 days credit is given to the card holder (Ans : E)
23. Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in banking context ?
(A) Line of Credit (B) Loan to Client (C) Loan on Credit
(D) Loan against Credit (E) Letter of Credit (Ans : E)
24. As per Financial Inclusion drive one of the following Banks introduced Tilly Cards with Biometric identification. Which of the following is that Bank?
(A) Central Bank of India (B) Oriental Bank of Commerce (C) Indian Bank
(D) State Bank of India (E) Bank of Maharashtra (Ans : D)
25. World leaders are to assemble in Rio de Janeiro in June 2012 for the United Nations Conference on Sustainable Development (Rio+20). All nations are going to make some commitment towards the goal of the conference. As per the agenda circulated, what commitment do world leaders want from India in the Conference ?
(A) India should agree to double its energy efficiency under a global understanding
(B) India should suspend its nuclear pact with USA or at least should reduce it to 50% level of agreed capacity
(C) Nuclear power plants are highly risky as seen in Japan recently. Hence, no new plant should be made
(D) India has a vast resource of coal. It must share its coal resources with other countries to enable them to produce thermal power which they are not doing so far due to lack of coal mines there
(E) None of these (Ans : C)
26. Who among the following is the recipient of the Padma Vibhushan given in 2012 ?
(A) Late (Dr.) Bhupen Hazarika (B) Sri Vanraj Bhatia (C) Sri Javed Akhtar
(D) Sri Amitabh Bachchan (E) Smt. Ambika Soni (Ans : A)
27. Under the liberialised scheme of interest subsidy, Govt. of India provides interest subsidy on housing loan at the rate of–
(A) 0. 50% (B) 1. 00% (C) 2. 00%
(D) 2. 00% + 1. 00% for prompt repayment (E) None of these (Ans : B)
28. When a Bank provides a loan for purchase of white goods, it is categorised as–
(A) Consumption loan (B) White Goods loan (C) Consumer Durable loan
(D) Working Capital (E) Bridge loan (Ans : D)
29. India has decided to acquire Rafale Fighter planes for its airforce wing. Which country is going to supply Rafale fighter planes ?
(A) Italy (B) Britain (C) Canada
(D) France (E) Germany(Ans : D)
30. Which of the following statements about contribution (approximately) of agriculture sector in GDP is correct?
(A) Agriculture contributes 50% of total GDP
(B) Agriculture does not contribute significantly to India's GDP as the share is less than 1 %
(C) India's GDP does not take agricultural sector into account
(D) Agricultural Sector is the part of Service Sector. Hence, it is not considered as an independent sector
(E) Agricultural Sector contributes 20% in India's GDP (Ans : E)
31. Banks are considered as 'financial intermediaries'. Which of the following activity correctly and comprehensively explains this role of banks ?
(A) Accepting deposits of money for the purpose of lending and investment
(B) Granting loans to the weaker sections of the society
(C) Accepting money for remittance and issuing bank drafts
(D) Providing safe deposit services
(E) Opening accounts and accepting deposits therein (Ans : A)
32. The rate below which banks cannot generally lend is called as–
(A) Base rate (B) Floor rate (C) Repo rate
(D) Call money rate (E) Ceiling rate (Ans : A)
33. As per the data released by the Union Health Ministry (of India) the infant mortality rate is lowest in–
(A) Tamil Nadu (B) Maharashtra (C) Goa
(D) Uttar Pradesh (E) Madhya Pradesh (Ans : C)
34. Dada Saheb Phalke Awards are given by the Ministry of–
(A) Social Welfare (B) Corporate Affairs (C) Home Affairs
(D) Human Resource Development (E) Information and Broadcasting (Ans : E)
35. Which of the following is not a type of Cheque ?
(A) Crossed cheque (B) Blank cheque (C) Speed cheque
(D) Bearer cheque (E) Order cheque (Ans : C)
36. Mr. John Key is the present–
(A) Prime Minister of Canada (B) Prime Minister of Australia
(C) Prime Minister of New Zealand (D) President of Australia
(E) President of Canada (Ans : C)
37. In relation to banking, what do you' understand by "Ever-Greening of Loan Account" ?
(A) Full repayment of a loan account before maturity-Pre-payment
(B) Full repayment of a loan account exactly at maturity
(C) Fresh loan sanctioned during the tenure of account for enhancement of limits
(D) Adjusting the NPA/Sticky account with fresh sanction of loans
(E) Loans provided for new projects to new customers
(Ans : D)
38. Which of the following is the name of an autonomous organisation for rural technology ?
(A) CAPART (B) MGNREGA (C) PURA
(D) IRDP (E) NGAPS (Ans : A)
39. With a view to facilitate payment of balance in deposit account of the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced in bank accounts in our country.
(A) Will (B) Registration (C) Nomination
(D) Indemnity (E) Guarantee (Ans : C)
40. Which of the following countries is not a member of ASEAN ?
(A) Thailand (B) Myanmar (C) Singapore
(D) Vietnam (E) Brazil (Ans : E)
41. Which of the following is not a Negotiable Instrument?
(A) Cheque (B) Fixed Deposit Receipt (C) Promissory Note
(D) Bill of Exchange (E) All (A) to (D) above are negotiable instruments (Ans : B)
42. Which of the following Stock Exchanges in India recently launched "Carbon Index" so that investors can assess risk and opportunities associated with climate change?
(A) Delhi Stock Exchange (B) National Stock Exchange
(C) Bombay Stock Exchange (D) Kolkata Stock Exchange
(E) Ahmedabad Stock Exchange (Ans : C)
43. Which of the following would be the venue of the World Athletic Championship 2013 ?
(A) New Delhi (B) Tokyo (C) London
(D) Paris (E) Moscow (Ans : E)
44. Who among the following represented India in 17th SAARC Summit held at Addu in Maldives in November 2011 ?
(A) Smt. Sonia Gandhi (B) Dr. Manmohan Singh
(C) Shri Pranab Mukherjee (D) Shri P. Chidambaram
(E) Shri Rahul Gandhi (Ans : B)
45. What is the maximum balance amount that is eligible for earning interest in a normal savings bank account ?
(A) Rs. 1 lac (B) Rs. 2 lacs (C) Rs. 3 lacs
(D) Rs. 5 lacs (E) No limit (Ans : E)
46. When a customer opens a Deposit account with the Bank, which one of the following is the status of the Bank?
(A) Debtor (B) Creditor (C) Trustee
(D) Beneficiary (E) None of these (Ans : A)
47. Which of the following states decided to give Khatedhari Rights to about 30,000 farmers occupying the custodian lands ?
(A) Gujarat (B) Rajasthan (C) Madhya Pradesh
(D) Uttar Pradesh (E) Uttarakhand (Ans : B)
48. Which of the following functions is not being performed by the Reserve Bank of India ?
(A) Regulation of Banks in India
(B) Regulation of Foreign- Direct Investment in India
(C) Foreign Currency Management in India
(D) Control and Supervision of Money Supply
(E) Currency Management in India (Ans : B)
49. A bank is called as 'Scheduled Bank' when–
(A) its business has crossed Rs. 1,000 crore mark.
(B) its branch network is over 100
(C) it is included in the second Schedule of the RBI Act
(D) when it complies with all the three above
(E) None of these (Ans : C)
50. Australian Govt. recently decided to sell Uranium to India. Uranium is used mainly for–
(A) manufacturing of chemical fertilizers. (B) manufacturing of Drugs/Pharma products.
(C) nuclear power generation. (D) making arsenals.
(E) making electronic chips. (Ans : C)
(A) Ellen Johnson Sirleaf (B) Jules A. Hoffmann (C) Brude A. Beutler
(D) Adam G. Riess (E) Tomas Transtromer (Ans : A)
2. The Food Security Bill-2011 which is in the process of becoming an Act, divides the entire population of the country into two groups. Which of the following are these two groups ?
(A) Below poverty line and above poverty line
(B) General population and excluded population
(C) Included households and excluded households
(D) Covered under PDS and not covered under PDS
(E) General households and priority households (Ans : E)
3. RBI has recently deregulated the rates of interest to be provided by various Banks to their depositors/ customers with effect from 25-10-2011 on their accounts.
(A) Time deposit (B) Saving bank (C) Loan
(D) Fixed deposit (E) Current (Ans : B)
4. Which of the following is the main advantage of "ASBA" with the applicants for share allotment ?
(A) ASBA applicant has got secured allotment of shares
(B) ASBA applicant has got certain preference in allotment of shares as compared to general applicants
(C) ASBA applicant need not remit the fund for allotment of shares, he/she will do so after shares are allotted to him/her
(D) ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her
(E) None of these (Ans : D)
5. "Many people die in Deadly Games in Egypt" –was the news in almost all major newspapers in February 2012.
Which of the following statements is the correct representation of 'Deadly Game' given in the headlines ?
(A) A riot broke out during a Football Match in Egypt in which many people were killed
(B) Police had to open fire on a mob including some genuine ticket holders, who were not allowed to enter the stadium even after the start of the match
(C) Egypt is famous for its dangerous games of 'Bull fight' and 'Martial Game'. Many participants die every year in such games
(D) Some terrorists opened fire during a football match. About 1,000 people were killed in the incident
(E) The defeat in the game is considered equivalent to death (Ans : A)
6. Mullaperiyar Dam, which was recently in news, is located in which of the following States?
(A) Maharashtra (B) Karnataka (C) Andhra Pradesh
(D) Kerala (E) Tamil Nadu (Ans : D)
7. Like telephone/Mobile number portability, the Ministry of Finance/RBI is now also considering to provide bank account number portability to bank customers. Which of the following would it mean?
(A) Any customer/account holder can withdraw cash from any other Bank through his/her own cheques drawn on other bank even without ATM
(B) Any borrower can draw funds from his/her loan account' from any other bank also
(C) The account number of any account holder will remain the same even if he/she is getting his/ her account transferred to another bank also
(D) Bank customers would have the facility of mobile Banks to with- draw cash nearby his/her place
(E) None of these (Ans : C)
8. The total number of Kissan Credit Card holder farmers in our country is–
(A) 8 Crores (B) 10 Crores (C) 5 Crores
(D) 7.5 Crores (E) 6 Crores (Ans : B)
9. NRE deposit is–
(A) Non Resident External deposit (B) Non Resident Extra deposit
(C) Non Resident Exchange deposit (D) Non Refundable External deposit
(E) Non Resident Extended deposit (Ans : A)
10. What is offshore banking ?
(A) It is a bank located in the sea (i.e. island).
(B) It is a bank located in SEZ.
(C) It is a bank located in a neighbouring country.
(D) It is a bank located outside the country of residence of the depositor.
(E) Offshore banking is basically dealing in foreign exchange. (Ans : D)
11. Maoists in which of the following countries recently decided to accept Govt's offer of 'Golden Handshake' fund enter into 'civilian life' or mainstream of the society ?
(A) Myanmar (B) India (C) China
(D) Nepal (E) Bhutan (Ans : D)
12. Which of the following is correct?
(A) Illiterates cannot open any account in a bank
(B) Illiterate women cannot open any account in a bank
(C) Illiterates can open savings bank accounts in a bank
(D) Advance can be granted to a minor
(E) Advance can be granted to a minor if he is of sound mind (Ans : C)
13. As per newspaper reports western countries are going to impose sanctions on which of the following OPEC countries as it is said that it is trying to make a nuclear bomb ?
(A) Kuwait (B) Iraq (C) Iran
(D) Saudi Arabia (E) Angola (Ans : C)
14. ''The Reliance Industries Ltd. has decided to return some 'KG' fields to the Government of India" -was the news in some major newspapers. What is the major production in KG fields owned by RIL ?
(A) Crude oil (B) Gas (C) Coal
(D) Iron ore (E) Gold ore and Diamonds (Ans : B)
15. Non-convertible debentures are–
(A) Debt instruments which acquire equity status at the issuers' option.
(B) Debt instruments which acquire equity status at the investors' option.
(C) Debt instruments which acquire equity status with the permission of Registrar of Companies.
(D) Debt instruments which acquire equity status on maturity.
(E) Debt instruments which retain their debt character and cannot acquire equity status. (Ans : E)
16. India's Dipika Pallikal and Sarah Cardwell of Australia recently played an international match in Chennai. Both of them are–
(A) Badminton players (B) Golf players (C) Chess players
(D) Squash players (E) Table Tennis players (Ans : D)
17. "IRDA 'norms will boost online distribution" -was the news in some major newspapers. This means online distribution of which of the following will boost up ?
(A) Bank products (B) Insurance policies/products
(C) Licenses to open new banks/ branches of existing banks
(D) Licenses to operate 2G / 3G spectrums
(E) Permits for export of iron ore (Ans : B)
18. 'Lajja' is a book written by–
(A) Salman Rushdie (B) Taslima Nasreen (C) Sunil Ganguli
(D) Rabindranath Tagore (E) Bimal Mitra (Ans : B)
19. To prevent frauds in multiple mortgage cases, under SARFAESI Act, 2002 one special thing has been created and made operative from 01. 04. 2011. Which one is that from the following?
(A) Special Registrar Office at Lucknow
(B) Special Central Arbitration Bureau at Lucknow
(C) Central SARFAESI Tribunals at Six Centres
(D) Central Electronic Registry
(E) State Electronic Registries (Ans : D)
20. SBI has merged which of the following two associate banks with itself?
(A) State Bank of Hyderabad and State Bank of Patiala
(B) State Bank of Hyderabad and State Bank of Travancore
(C) State Bank of Mysore and State Bank of Travancore
(D) State Bank of Indore and State Bank of Hyderabad
(E) State Bank of Indore and State Bank of Saurashtra (Ans : E)
21. Assembly elections took place in which one of the following States recently? (in January 2012)
(A) Madhya Pradesh (B) Maharashtra (C) Kerala
(D) Punjab (E) Tamil adu (Ans : D)
22. Which one of the following is not a salient feature of Debit Card?
(A) No bad debts to banks and no suits for recovery
(B) 0 interest earning for banks
(C) Works like a normal withdrawal
(D) Can be used at ATM and POS
(E) 45 days credit is given to the card holder (Ans : E)
23. Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in banking context ?
(A) Line of Credit (B) Loan to Client (C) Loan on Credit
(D) Loan against Credit (E) Letter of Credit (Ans : E)
24. As per Financial Inclusion drive one of the following Banks introduced Tilly Cards with Biometric identification. Which of the following is that Bank?
(A) Central Bank of India (B) Oriental Bank of Commerce (C) Indian Bank
(D) State Bank of India (E) Bank of Maharashtra (Ans : D)
25. World leaders are to assemble in Rio de Janeiro in June 2012 for the United Nations Conference on Sustainable Development (Rio+20). All nations are going to make some commitment towards the goal of the conference. As per the agenda circulated, what commitment do world leaders want from India in the Conference ?
(A) India should agree to double its energy efficiency under a global understanding
(B) India should suspend its nuclear pact with USA or at least should reduce it to 50% level of agreed capacity
(C) Nuclear power plants are highly risky as seen in Japan recently. Hence, no new plant should be made
(D) India has a vast resource of coal. It must share its coal resources with other countries to enable them to produce thermal power which they are not doing so far due to lack of coal mines there
(E) None of these (Ans : C)
26. Who among the following is the recipient of the Padma Vibhushan given in 2012 ?
(A) Late (Dr.) Bhupen Hazarika (B) Sri Vanraj Bhatia (C) Sri Javed Akhtar
(D) Sri Amitabh Bachchan (E) Smt. Ambika Soni (Ans : A)
27. Under the liberialised scheme of interest subsidy, Govt. of India provides interest subsidy on housing loan at the rate of–
(A) 0. 50% (B) 1. 00% (C) 2. 00%
(D) 2. 00% + 1. 00% for prompt repayment (E) None of these (Ans : B)
28. When a Bank provides a loan for purchase of white goods, it is categorised as–
(A) Consumption loan (B) White Goods loan (C) Consumer Durable loan
(D) Working Capital (E) Bridge loan (Ans : D)
29. India has decided to acquire Rafale Fighter planes for its airforce wing. Which country is going to supply Rafale fighter planes ?
(A) Italy (B) Britain (C) Canada
(D) France (E) Germany(Ans : D)
30. Which of the following statements about contribution (approximately) of agriculture sector in GDP is correct?
(A) Agriculture contributes 50% of total GDP
(B) Agriculture does not contribute significantly to India's GDP as the share is less than 1 %
(C) India's GDP does not take agricultural sector into account
(D) Agricultural Sector is the part of Service Sector. Hence, it is not considered as an independent sector
(E) Agricultural Sector contributes 20% in India's GDP (Ans : E)
31. Banks are considered as 'financial intermediaries'. Which of the following activity correctly and comprehensively explains this role of banks ?
(A) Accepting deposits of money for the purpose of lending and investment
(B) Granting loans to the weaker sections of the society
(C) Accepting money for remittance and issuing bank drafts
(D) Providing safe deposit services
(E) Opening accounts and accepting deposits therein (Ans : A)
32. The rate below which banks cannot generally lend is called as–
(A) Base rate (B) Floor rate (C) Repo rate
(D) Call money rate (E) Ceiling rate (Ans : A)
33. As per the data released by the Union Health Ministry (of India) the infant mortality rate is lowest in–
(A) Tamil Nadu (B) Maharashtra (C) Goa
(D) Uttar Pradesh (E) Madhya Pradesh (Ans : C)
34. Dada Saheb Phalke Awards are given by the Ministry of–
(A) Social Welfare (B) Corporate Affairs (C) Home Affairs
(D) Human Resource Development (E) Information and Broadcasting (Ans : E)
35. Which of the following is not a type of Cheque ?
(A) Crossed cheque (B) Blank cheque (C) Speed cheque
(D) Bearer cheque (E) Order cheque (Ans : C)
36. Mr. John Key is the present–
(A) Prime Minister of Canada (B) Prime Minister of Australia
(C) Prime Minister of New Zealand (D) President of Australia
(E) President of Canada (Ans : C)
37. In relation to banking, what do you' understand by "Ever-Greening of Loan Account" ?
(A) Full repayment of a loan account before maturity-Pre-payment
(B) Full repayment of a loan account exactly at maturity
(C) Fresh loan sanctioned during the tenure of account for enhancement of limits
(D) Adjusting the NPA/Sticky account with fresh sanction of loans
(E) Loans provided for new projects to new customers
(Ans : D)
38. Which of the following is the name of an autonomous organisation for rural technology ?
(A) CAPART (B) MGNREGA (C) PURA
(D) IRDP (E) NGAPS (Ans : A)
39. With a view to facilitate payment of balance in deposit account of the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced in bank accounts in our country.
(A) Will (B) Registration (C) Nomination
(D) Indemnity (E) Guarantee (Ans : C)
40. Which of the following countries is not a member of ASEAN ?
(A) Thailand (B) Myanmar (C) Singapore
(D) Vietnam (E) Brazil (Ans : E)
41. Which of the following is not a Negotiable Instrument?
(A) Cheque (B) Fixed Deposit Receipt (C) Promissory Note
(D) Bill of Exchange (E) All (A) to (D) above are negotiable instruments (Ans : B)
42. Which of the following Stock Exchanges in India recently launched "Carbon Index" so that investors can assess risk and opportunities associated with climate change?
(A) Delhi Stock Exchange (B) National Stock Exchange
(C) Bombay Stock Exchange (D) Kolkata Stock Exchange
(E) Ahmedabad Stock Exchange (Ans : C)
43. Which of the following would be the venue of the World Athletic Championship 2013 ?
(A) New Delhi (B) Tokyo (C) London
(D) Paris (E) Moscow (Ans : E)
44. Who among the following represented India in 17th SAARC Summit held at Addu in Maldives in November 2011 ?
(A) Smt. Sonia Gandhi (B) Dr. Manmohan Singh
(C) Shri Pranab Mukherjee (D) Shri P. Chidambaram
(E) Shri Rahul Gandhi (Ans : B)
45. What is the maximum balance amount that is eligible for earning interest in a normal savings bank account ?
(A) Rs. 1 lac (B) Rs. 2 lacs (C) Rs. 3 lacs
(D) Rs. 5 lacs (E) No limit (Ans : E)
46. When a customer opens a Deposit account with the Bank, which one of the following is the status of the Bank?
(A) Debtor (B) Creditor (C) Trustee
(D) Beneficiary (E) None of these (Ans : A)
47. Which of the following states decided to give Khatedhari Rights to about 30,000 farmers occupying the custodian lands ?
(A) Gujarat (B) Rajasthan (C) Madhya Pradesh
(D) Uttar Pradesh (E) Uttarakhand (Ans : B)
48. Which of the following functions is not being performed by the Reserve Bank of India ?
(A) Regulation of Banks in India
(B) Regulation of Foreign- Direct Investment in India
(C) Foreign Currency Management in India
(D) Control and Supervision of Money Supply
(E) Currency Management in India (Ans : B)
49. A bank is called as 'Scheduled Bank' when–
(A) its business has crossed Rs. 1,000 crore mark.
(B) its branch network is over 100
(C) it is included in the second Schedule of the RBI Act
(D) when it complies with all the three above
(E) None of these (Ans : C)
50. Australian Govt. recently decided to sell Uranium to India. Uranium is used mainly for–
(A) manufacturing of chemical fertilizers. (B) manufacturing of Drugs/Pharma products.
(C) nuclear power generation. (D) making arsenals.
(E) making electronic chips. (Ans : C)
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