General Awareness
1. The Govt. of India has taken a decision to open three more IITs during theyear 2008-09. These IIts will be in which of the following groups of States?
(A) Bihar, Rajasthan , Andhra Pradesh
(B) Karnataka Pradesh, Orissa, Karnataka
(C) Karnataka, Tamil Nadu, Kerala
(D) Uttar Pradesh, Madhya Pradesh, Bihar
(E) None of these
2. Which of the following is / are nnt the hhghlhghtr of the Uninn Btdget
2008-08 ?
1. @ Risk Capital Fund is to be set up and maintained by one of the financial
institutes.
2. Allocation for Defence is reduced by 10% to make it Rs. 10,000 crore.
3.Several new schemes to be introduced for providing social security to the people in
unorganized sectors.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1,2 and 3
3. To help farming community the Govt. of India has decided to raise the
Minimum support price of paddy for current Kharif marketing season. What is
that price?
(A) Rs . 800 per quintal
(B) Rs. 900 per quintal
(C) Rs. 950 per quintal
(D) Rs. 1200 per quintal
(E) None of these
4. Which of the following is the correct definition of the term commercial
papers ?
1. It is nothing but the popular name of the Judicial stamp papers used to register
financial transactions.
2. It is one of the instruments through which Corporates raise debt from the market.
3. It is the name of the ‘Certificate of Deposits’ provided by the Banks to its retail
customers.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1,2 and 3
5. As per the decision taken by the Govt. of India two financial inclusion funds
are set up with an overall corpus of Rs. 500 crore each. These funds- Financial
Inclusion Technology Fund are to be set up by the initial contribution made by
the….
(A) SIDBI, NABARD and UTI
(B) NABARD , UTI and RBI
(C) Govt. of India, NABARD and RBI
(D) SIDBI , Govt. of India and IDBI Bank
(E) None of these
6. As per the Railway Budget 2008-09 the Operating ratio of Railways is pitched
6. As per the Railway Budget 2008-09 the Operating ratio of Railways is pitched
at which of the following levels? Approximately…
(A) 70 %
(B) 75 %
(C) 98 %
(D) 90 %
(E) 81 %
7. As per the Govt. Policy the provision of the subsidy for interest subvention
to co-operative Sugar Mills is done by which of the following agencies /
organizations ?
(A) Commission for Agricultural costs and prices
(B) National Bank for Agricultural and Rural Deveopment
(C) Ministry of Agriculture
(D) National Commission on Farmers
(E) None of these
8. Bankr thdse days havd latnchdd a new scheme prodtct known as a Reverse
Mortgage The scheme is designed keeping which of the following groups of
society in consideration ?
(A) Youngsters who have just started earning
(B) Defence personnel whose life is always at high risk
(C) Senior Citizen
(D) Women who do not have independent source of income
(E) None of these
9. As per the new figures released in recent past what has been the ratio of
taxes to Gross Domestic Product (Tax- GDP) in 2007-08 ?
(A) 8 %
(B) 9 %
(C) 10 %
(D) 11.5 %
(E) 12.5 %
10. Many a times we read in the newspapers a term ‘Hot Money’ Which of the
following is the correct definition of Hot Money?
1. This is the fund which is dumped into a country to get the advantage of a
favourable interest rate and hence brings higher returns.
2. This is the fund which is provided by a bank in US $ at very short notice and at a
very high rate of interest and for a longer period of repayment.
3. This is the fund which is pushed into market through Hawala or some other such
illegal methods and sometimes referred also as Black Money.
(A) Only 1 is correct
(B) Both 1 and 2 are correct
(C) Only 3 is correct
(D) Both 1 and 3 are true
(E) Only 2 is correct
11. As per the report released in the press the Govt. of India has done a study
on Special Economics Zones. Which of the following is / are the highlights of
the reports?
1. Report says that SEZs should not be given much preference by the policy makers.
2. Study says that the end benefit in the next few years may be of the true of Rs.
1,50,000 crores which will be much higher than the estimated revenue losses.
3. Since new SEZs are developed by the Private Sector the investment for
infrastructural development is like a net saving for the Govt.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Only 3
(E) All 1,2 and 3
12. As per the new figures released by the Govt. agencies the Foreign Direct
Investment inflow to India is at higher level and has increased substantially in
recent past.
Which of the following is/ are the contributory factors which has/ have helped in this
record growth?
1. Progressive delicensing of various sectors.
2. Simplification of business procedures in India.
3. Sub Prime crisis in USA.
(F) Only 1
(G) Only 2
(H) Both 1 and 2
(I) Only 3
(J) All 1,2 and 3
13. Which of the following Companies has got “Navratna Status’ recently?
(A) National Mineral Development Corporation (NMDC)
(B) National Textile Corporation (NTC)
(C) Maruti Udyog Ltd
(D) IDBI Bank Ltd
(E) None of these
14. The real return to the investor sometimes gets reduced due to sudden rise
in the prices of the commodities. This phenomenon in financial market is know
as….
(A) Market rick
(B) Inflation rick
(C) Credit rick
(D) Diversification of funds
(E) None of these
15. In the recent times the RBI and Securities and Exchange Board of India
(SEBI) have taken various steps to control the flow of capital in Indian
economy. Which of the following is/ are not included in these step(s)?
1. Guidelines are issued to restrict unregulated overseas investors through ‘P- notes’.
2. Rs. 60,000 crores out of this fund is being provided to waive the loans on farmers.
3. Borrowers raising external commercial borrowings of over $ 20 million would have
to park the proceeds overseas for use as foreign currency expenditure.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) All 1,2 and 3
16. Which of the following countries has recently made an agreement with the
World Trade Organization which will allow it to join the same as a permanent
member?
(A) Russia
(B) Afghanistan
(C) Zambia
(D) Uganda
(E) Ukraine
17. Prime Minister of India on his visit to China a few months back signed a
detailed agreement with the same. What is/are the major highlights of the
agreement?
1. Both the countries agreed to continue high level exchange of views. Indian
President is invited to China.
2. India to host joint military exercise in 2008.
3. India has decided to raise the issue of Tibet in UNO. China has agreed for the
same.
(A)Only 1
(B)Only 2
(C)Both 1 and 2
(D) Only 3
(E) All 1,2 and 3
18. As per the reports in the leading newspapers Securities and Exchange
Board of India (SEBI) has asked the Mutual Fund industry to stop ‘Misselling’
their schemes to investors. What is ‘Misselling’ of products /
1. Misselling takes place when mutual funds are sold without telling the likely returns.
2. When agents sell the products without telling investors what are the risks involved
in investing in mutual funds.
3. When agents invest somebody’s money in mutual funds without their knowledge it
is called misselling..
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 and 3
(E) None of these
19. As per the news report SEBI has allowed short selling by Fls/MFs from
February 1, 2008. What is ‘short selling?
1. Selling of shares that the seller does not own at the time of trading.
2. Selling of shares on the same day or on the day they were allotted to the trader.
3. Selling of shares on a much lower price due to turbulent market situations.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 and 3
(E) None of these
20.Which of the following countries is governed by theNorweigian-mediated
ceasefire Agreement to end its dispute with a group of rebellions?
(A) Nepal
(B) Myanmar
(C) Afghanistan
(D) Sri Lanka
(E) None of these
21. The USA, as reported in the leading newspapers is proceeding towards’
recession’ What happens when an economy goes in the grip of ‘recession’?
1. GDP growth slows down.
2. People lose their jobs.
3. Foreign exchange reserve goes up substantially as lot of loans/ grants start
pouring in.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) None of these
22. The Sensitive Index of the Bombay Stock Exchange keeps on changing
positively and negatively both. Which of the following is/are the main reasons
which contribute for this sudden change in the same?
1. Higher GDP Growth.
2. Continuous Foreign Funds Flow.
3. High Volume of Forex Reserves.
4. Recession in USA.
(A)Only 1 and 2
(B)Only 2 and 3
(C)Only 3 and 4
(D)Only 2
(E)All 1,2,3 and 4
23. The Jerusalem and Palestine made an agreement on their peace
negotiations . Which of the following is/ are the points included in the
agreement?
1. There should be an end to the occupation that began in 1967.
2. The agreement must establish Palestine as a homeland for the Palestinian people
just as Israel is the homeland for Jewish people.
3. All the disputes should be solved with the mutual talks only and in presence of US
Observers.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) None of these
24. Who amongst the following agreed to supply aircraft carrier Gorshkov to
India for its defence services?
(A) Russia
(B) France
(C) Germany
(D) Italy
(E) None of these
25. The Govt. of India has decided to set up a Committee to redraft Right to
Education Bill 2005. What was/ were the objection(s) owing to which Govt. has
to redraft the bill?
1. State Governments are required to spend more money on education. Since
education is the responsibility of centre and state both expenditure should be shared
equally by both of them.
2. States were advised to ensure that a school is available at the distance of one km
for each child.
3. Children in Central schools are not allowed to get free education whereas schools
run by States were asked to ensure that.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1,2 and 3
26. As per newspaper report out-sourcing has become a profitable business in
India and countries like China are trying to learn about it from India. What are
the main factors
Which has/ have helped India in attaining this position?
1. Availability of skilled manpower in abundance.
2. Knowledge of English language.
3. A switch over from farming to other sectors which are creating more job
opportunities.
(A)Only 1
(A)Only 1
(B)Only 2
(C)Both 1 and 2
(D) Only 3
(E) All 1,2 and 3
27. Who amongst the following established the ‘Anandvan’ a rehabilitation
centre for Leprosy patients in Maharashra?
(A) Baba Amte
(B) Pandurang Shashtri Athawle
(C) Medha Patkar
(D) Asaram Babu
(E) None of these
28. Thaksin Shinawatra’s name is associated with which of the following
countries?
(A) Singapore
(B) Thailand
(C) North Korea
(D) South Korea
(E) None of these
29. Bhupen Hazarika is the recipient of the Life Time Achievement Award and is
provided the status of a Cabinet Minister. Which of the following State Govt.
has honoured him in this manner?
(A) Orissa
(B) Assam
(C) West Bengal
(D) Maharashtra
(E) None of these
30. The first ever Youth Olympic Games are scheduled to be held in 2010.
These games will be organized in….
(A) Moscow
(B) New Delhi
(C) Kuala Lumpur
(D) None of these
31. Who amongst the following has taken over as the President of Serbia?
(A) Raul Castro
(B) Steven Spielberg
(C) Boris Tadic
(D) Joes Manuel Ramos Horta
(E) None of these
32. International Desert Festival 2008 was organized in February 2008 in….
(A) Bhuj
(B) Ganganagar
(C) Bikaner
(D) Jaiselmer
(E) None of these
33. Who amongst the following is the recipient of the Kishore Kumar Award
given by the Madhya Pradesh Govt?
(A) Shabana Azmi
(B) Amitabh Bachchan
(B) Amitabh Bachchan
(C) Dev Anand
(E) None of these
34. The Under 19 Cricket World Cup 2008 was won by which of the following
teams?
(A) Malaysia
(B) India
(C) Pakistan
(D) Australia
(E) England
35. Why was the name of Anatolyevich Medvedev in news recently?
(A) He has taken over as the President of Russia
(B) He has taken over as the Prime Minister of Russia
(C) He is the new President of South Korea
(D) He is the new Prime Minister of South Korea
(E) None of these
36. Who amongst the following was the Chief Guest in India’s Republic Day
function?
(A) Samak Sundaravej
(B) Gordon Brown
(C) Boris Tadic
(D) Nicolas Sarkozy
(E) None of these
37. The General Elections in Iran are due in 2008. Iran elects its Parliament for
a period of….
(A) 2 years only
(B) 3 years only
(C) 4 years only
(D) 5 years only
(E) 6 years only
38. Which of the following states tops in primary, upper primary education in
India?
(A) Tamil Nadu
(B) Haryana
(C) Gujarat
(D) Kerala
(E) None of these
39. Which of the following is the recipient of Padma Vibhushan given away
recently?
(A) Anu Malik
(B) Shan
(C) Asha Bhosle
(D) Sonu Nigam
(E) None of these
40.Luciana Aymar who was adjudged the World Hockey Player 2007is from
which of the following countries?
(A) Germany
(B) Argentina
(C) Italy
(C) Italy
(D) Russia
(E) None of these
41. Which of the following State Governments has decided to provide
ownership Rights to Tribals over forest land being cultivated by them since
last 10 yeaars.
(A) Madhya Pradesh
(B) Uttar Pradesh
(C) Andhra Pradesh
(D) None of these
42. Who amongst the following players has completed 16000 runs in One day
International Cricket matches recently ?
(A) Anil Kumble
(B) Rahul Dravid
(C) Sourav Ganguly
(D) Irfan Pathan
(E) Sachin Tendulkar
43. The 11th Five Year Plan wishes to raise the existing 2% growth in
agriculture and allied activities to which of the following levels by the year
2012?
(A) 8%
(B) 6%
(C) 5%
(D) 4%
(E) None of these
44. As a policy the Reserve B`nk nf India wishes to cnntahn inflation at vhich of
the following levels?
(A) 5%
(B) 4.5%
(C) 4%
(D) 6%
(E) None of these
45. The current trend in Agricultural sector in India is a matter of concern for
the policy makers these days as it is not showing the expected result . What is
/are the major areas of problem (s) being faced by the farmers?
1. Irrigation facilities are not enough.
2. Use of chemical fertilizers has badly affected the fertility of the land.
3. Govt. has reduced the subsidy in the farming sector. Hence it is no more a
profitable activity.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2 and 3
(E) None of these
46. Which of the following committees recommended the revival of Cooperative
Credit institutions in states?
(A) Vaidyanathan Committee
(B) Rangarajan Committee
(C) Sachchar Committee
(D) Rakesh Mohan Committee
(E) None of these
47. ‘World Day for Water’ is observed on which of the following days?
(A) March 22
(B) February 22
(C) January 22
(D) May 22
(E) None of these
48. As we all know Chinese economy is a booming economy and its exports
have played a significant role in it. What was the share of China’s export as
compared to its GDP in 2007?
(A) 20%
(B) 30%
(C)40%
(D) 50%
(E) None of these
49. Delhi won the Ranji Trophy for the seventh time in January 2008 by
defeating ….
(A) Railways
(B) Haryana
(C) Maharashtra
(D) Gujarat
(E) Uttar Pradesh
50. Gagan Narang, who got a silver medal in an international championship
held in Munich, is a / an….
(A) 100 metre runner
(B) Badminton player
(C) Chess player
(D) Swimmer
(E) Air Rifle shooter
Answers with Hints
1. (A)2. (B) The amount allocated for defence in 2008-09 budget is Rs. 1,05,600 crore
which is higher than that in 2007 -08 budget.
3. (E) The purchase price recommended by CACP for the crop year 2008-09 for
general category rice is Rs. 1000 per quintal and for A- Grade is Rs. 1,050 per
quintal.
4. (B) 5. (C)
6.(E) The operating ratio has been determined at 81.4% in the budget for 2008-09.
7. (B)
8. (C) Reverse Mortgage Scheme is designed for Reninr Chtizdn.
8. (D) 10. (@) 10. (B) 12. (B)
03. (A) National Mineral Development Corporation (NMDC) a public sector company
won assigned the status of a Navratna Company in January 2008.
14. (B) 15. (E)
16. (E) Ukraine is the 152nd member of World Trade Organization.
17. (C) 18. (B) 19. (A) 20.(D) 21. (D) 22.(B) 23. (D) 24. (A) 25. (B) 26. (C) 27. (A)
28. (B) 29. (B)
30. (E) A first ever Youth Olympic Game are scheduled to be held in 2010 in
Singapore.
31. (C) 32. (D) 33. (C) 34. (B) 35. (A) 36. (D) 37. (C) 38. (D) 39. (C)
40. (B) Luciana Paula Aymar is an Argentina field hockey professional . She has been
compared with Argentina football (Soccer) legend Diego Maradona. She was
adjudged the FIH World’s Hockey Player of the year 2007.
41. (A) 42. (E) 43. (D) 44. (A) 45. (A) 46. (A) 47. (A) 48. (C) 49. (E) 50. (E)
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