Allahabad Bank-PO (17-4-2011)

General Awareness
1. Which of the following is/are the objective(s) of Free Trade Agreement, India has done with many countries ? 1. To provide support to entrepreneurs for setting up new projects in tiny/SSI sector. 2. For undertaking expansion of business. 3. To support technology upgradation. (A) Only 1 and 2 (B) Only 2 and 3 (C) All 1,2 and 3 (D) Only 1 and 3 (E) None of these Which of the following organizations issue the rules of global trade? (A) World Bank {B) World Trade Organisation (C) Foreign Exchange Dealers Association (D) Directorate General and Foreign Trade (E) None of these One single statement that depicts the financial position of a bank and/or business enterprise at a given point of time is called (A) Statement of product details (B) Reconciliation Statement (C) Balance Sheet (D) Quarterly returns submitted to RBI (E) Trading and manufacturing account Banks borrow money from the RBI on which of the following rates ? (A) Reverse Repo Rate (B) Repo Rate (C) SLR (D) CRR (E) Savings Rate The Reverse mortgage scheme is launched to give benefit to which of the following groups of society ? (A) Govt. employees (B) Senior Citizens (C) Unemployed youth (D) War widows (E) None of these What does the letter M depict in the term SME as used in the financial world ? (A) Maximum (B) Medium (C) Mercantile (D) Mutual (E) Ministry One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts is passed to prevent this activity ? (A) Payment & Settlements Act (B) Banking Regulation Act (C) Negotiable Instrument Act (D) Narcotics and Psychotropic Substance Act (E) Prevention of Money laundering Act Which of the following organizations provides guarantee to the exporters ? (A) Exim Bank

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(B) Export Credit Guarantee Corporation (C) Director General Foreign Trade (D) Reserve Bank of India (E) Registrar of companies Which of the following terms is not used in Banking World ? (A) Credit (B) Rate (C) Financial Status (D) Discount (E) Absolute zero What is the full form of IRR as used in banking/financial sectors ? (A) Internal Rate of Return (B) Internal Revaluation Reserve (C) Investment Reserve Ratio (D) Internal Risk Return (E) None of the above Which of the following organisations provides credit history of the borrowers ? (A) CIBIL (B) ARCIL (C) SEBI (D) RBI (E) CCIL Banks need liquidity to meet which of the following objectives of banking ? 1. Meet deposit withdrawal 2. Fund loan demands 3. Maintain public confidence (A) Only 1 (B) Only 2 (C) Only 3 (D) Only 1 and 2 (E) Only 2 and 3 According to latest Economic Survey, which of the following sectors will provide largest share to Indian economy in the days to come? (A) Agriculture (B) Industry (C) Services (D) Exports (E) None of these Which one of the following group represents key industries ? 1. Crude oil, electricity 2. Petroleum refining and finished steel 3. Cement and coal (A) Only group 1 (B) Only group 2 (C) Only groups 1 and 2 (D) Only group 3 (E) All groups 1,2 and 3 Which one of the following is covered in the list of services for service tax purposes ? 1. Insurance/health services 2. Hotel accommodation/air travel services 3. Money changers/legal services (A) Only 1 (B) Only 2 (C) Only 3 (D) Both 1 and 3 (E) All 1, 2 and 3 Which of the following agencies is providing Unique Identity Cards to all Indian Residents? (A) Election Commission of India (B) Ministry Foreign Affairs (C) Govt. of Maharashtra

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(D) Border Security Force (E) None of these Vikram Pandit is associated with which of the following banks ? (A) Yes Bank (B) ICICI Bank (E) Citi group (D) HSBC (E) State Bank of India Banks make frequent changes in their product profile including introduction of new products etc. This is called (A) Product Control (B) Product enhancement (C) Product marketing (D) Product enrichment (E) None of these Banking and financial services, all over the world, are regulated usually by Monetary Authority of the land. Who controls this function in India ? (A) Ministry of Finance (B) SEBI (C) RBI (D) IRDA (E) FEDAI As per guidelines of the RBI, banks are to provide appropriate banking facilities to habitations having population in excess of 2000 by which year ? (A) 2011 (B) 2012 (C) 2015 (D) 2016 (E) None of these Which one of the following is the target fixed for maintaining fiscal deficit in the Union Budget of India? (A) 4-6 per cent of total budget (B) 4-6 per cent of GDP (C) 3-6 per cent of total budget (D) 3-6 per cent of GDP (E) None of these FIMMDA stands for (A) Foreign Investment Markets & Derivatives Market Association (B) Fixed Income Money Markets and Derivatives Association (C) Fixed Income and Money Market Development Association (D) Floating Income and Money Markets Derivative Assets (E) None of these On which one of the following issues, a group of top business leaders and other eminent citizens have expressed their concern to the Govt. of India ? (A) Corporate Governance (B) Fiscal deficit (C) Inflation (D) Governance deficit (E) None of these Nobel Laureate Muhammed Yunus belongs to which one of the following countries ? (A) Sri Lanka (B) Pakistan (C) Maldives (D) Bangladesh (E) None of these Who is the author of the book Darkness At Noon ? (A) V. S. Naipaul (B) Chetan Bhagat (C) Arthur Koestler (D) Vikram Seth (E) None of these

26. For which one of the following purposes, Mega Food Parks scheme was introduced by the Government of India ? (A) To provide better price to farmers (B) To improve the productivity of food crops (C) To control the prices of food items (D) To avoid wastage of fruits and vegetables stored for export (E) None of these 27. Which of the following terms is not used in banking ? (A) Debit Card (B) Credit Card (C) Kisan Card (D) ELlSA Test (E) None of these 28. Which of the following is the reason, owing to which Government charges export duty on some export items? (A) It is to get benefit of high international prices (B) To improve the tax collection targets (C) It is as per international practices (D) To ensure the smooth availability of the items in India (E) None of these 29. Pipavav Port is located in which of the following States? (A) Orissa (B) Andhra Pradesh (C) Tamil Nadu (D) Gujarat (E) West Bengal 30. Which of the following is/are the objective(s) of our monetary policy ? 1. Anchor inflation expectations 2. Actively manage liquidity 3. Maintain interest rate regime consistent with price output and financial stability (A) Only 1 (B) All 1,2 and 3 (C) Both 1 and 3 (D) Only 2 (E) None of these 31. With which one of the following fields was Pandit Bhimsen Joshi associated? (A) Dance (B) Music (C) Short-story writing (D) Novels (E) None of these 32. For which of the following purposes, RBI has constituted a Working Group with Shri Deepak Mohanty as Chairman ? (A) Deregulation of primary markets (B) Deregulation of secondary markets (C) Deregulation of Savings Bank Rates (D) Introduction of Base Rate (E) None of these 33. Who is Kapil Sibal ? (A) Coal Minister of India (B) Civil Aviation Minister of India. (C) Telecom Minister of India (D) Economic Advisor to Prime Minister of India (E) None of these 34. Which of the following will set up core banking infrastructure for rural banks ? (A) SIDBI (B) IBA (C) RBI (D) SBI

(E) NABARD 35. Colonel Muammar al Gaddafi is associated with which one of the following countries ? (A) Libya (B) Beharin (C) Yemen (D) Tunisia (E) None of these 36. What is Gross Domestic Product ? (A) It is the cost of production of all final goods and services made in the country (B) It is the cost of services made within the borders of a country in a year (C) It is the market value of all final goods and services made in the country (D) It is the market value of all final goods and services made within the borders of a country in a year (E) None of these 37. Which of the following metals is used for generation of Nuclear Power ? (A) Silver (B) Gold (C) Uranium (D) Copper (E) Barium 38. In which one of the following States, Indias first Islamic Bank is proposed to be set up ? (A) Kerala (B) Tamil Nadu (C) Orissa (D) Bihar (E) None of these 39. In which one of the following States, Niyamgiri Bauxite Mining Project is proposed to be set? (A) Orissa (B) Jharkhand (C) West Bengal (D) Bihar (E) Chhattisgarh 40. Which of the following terms is not used in Economics ? (A) Demand and Supply (B) Ad Valoram Tax (C) Break even (D) HIV positive (E) Cost benefit analysis 41. For which one of the following reasons Finance Minister denied entry of NRI funds for infra bonds.? (A) It will bring in more liquidity in the country (B) NRIs can withdraw their funds any time (C) It will bring interest burden on the country (D) It could lead to losses at the time of redemption because of fluctuations in the Indian Currency (E) None of these 42. What is financial inclusion ? 1. Easy access to bank accounts for safe parking of savings 2. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneurs 3. Availability of basic financial products like insurance (A) Only 1 (B) Only 2 (C) Only 3 (D) Both 1 and 2 (E) All 1, 2 and 3 43. According to the Securities and Insurance Laws (Amendment) Bill 2010, who amongst the following will be Vice-Chairman of joint commission to resolve differences amongst the financial regulators ? (A) Finance Minister, GOI (B) Deputy Chairman, Planning Commission

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(C) SEBI Chairman (D) Chairman, Central Vigilance Commission (E) RBI, Governor Which of the following terms is used in Economics ? (A) Keynesian (B) Adsorption (C) Affinity Matrix (D) Gene Flow (E) None of these Which one of the following is the directive given to the Govt. of India in the Financial Stability Report submitted to it ? (A) Focus on financial consistency (B) To reduce fiscal deficit (C) To ensure GDP growth (D) To reduce revenue deficit (E) None of these In which one of the following States, Jangi-Thopon and Thopon-Powari Power Projects are proposed to be set up ? (A) J & K (B) H. P. (C) U. P. (D) Manipur (E) Meghalaya Which one of the following is the proposal under the Food Security Law ? (A) To provide 25 kg of food-grains to ration card holders (B) To provide 25 kg of food-grains to targeted beneficiaries (C) To provide 35 kg of food-grains to ration card holders (D) To provide 35 kg of food-grains to targeted beneficiaries (E) None of these Which one of the following are key policy rates used by RBI to influence interest rates ? 1. Bank Rate / the Repo Rate 2. Reverse Repo Rate 3. CRR / SLR (A) Only 1 (B) Only 2 (C) All 1, 2 and 3 (D) Only 3 (E) Both 1 and 3 For giving cooking gas connection to poor families, which of the following one time subvention (in rupees) will be provided by the Planning Commission? (A) Rs. 500 (B) Rs. 600 (C) Rs. 750 (D) Rs. 1000 (E) Rs. 1400 Which one of the following rates signal the RBIs long term outlook on interest rates ? (A) Repo Rate (B) Reverse Repo Kate (C) Bank Rate (D) SLR (E) CRR What do you understand by Para Banking services? (A) Eligible financial services rendered by banks (B) Utility services provided by banks (C) Services provided through business correspondents (D) Services provided to armed force personnel (E) None of these For which one of the following reasons, the Steel Ministry wants complete ban on export of iron ore from India ? (A) The price of iron ore exports is not competitive (B) The iron ore exports do not provide any value addition to exports

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(C) The prices of iron ore are high and as such the exports of the ore should be banned (D) Iron ore is a non-renewable resource like coal and petroleum products, hence it should be preserved (E) None of these What is a cross Border Exchange ? (A) Trading of foreign currency in India (B) Trading of Indian rupee in exchange of other currencies/ goods (C) Hawala transactions in Indian Rupee (D) Unauthorized remittance of Indian Rupee (E) None of these What is Cartosat-2B ? (A) It is an advanced remote sensing statellite built by ISRO (B) It is a warhead developed by DRDO (C) It is an educational project launched by UGC (D) It is an advanced computer developed by IIT Kanpur (E) None of these For which one of the following reasons RBI has decided to undertake mid-quarter policy reviews? 1. To realign its policies 2. To take steps and ensure smooth flow of credit 3. To provide guidance to the economy (A) Only 1 (B) Only 2 (C) Only 3 (D) All 1, 2 and 3 (E) None of these Which one of the following is the objective of Financial Stability and Development Council ? (A) To address interregulatory issues only (B) To focus on financial literacy only (C) To focus on financial inclusion only (D) Only (A) and (B) (E) All (A), (B) and (C) For which one of the following reasons has the Planning Commission decided to convert itself into a system Reforms Commission ? (A) It is to make people to people contact (B) It is to understand the problems of people (C) It is to review the implementation of its policies (D) It is aimed at changing economic profile of the country (E) None of these Which one of the following sectors in India has attracted highest amount of Foreign Direct Investment during 2009-10 ? (A) Manufacturing (B) Construction (C) Wholesale and Retail Trade (D) Financial Insurance, Real Estate (E) Civil Aviation Which of the following is/are a renewable source of energy ? 1. Wind 2. Solar 3. Thermal (A) Only 1 (B) Only 2 (C) All 1,2 and 3 (D) Only 2 and 3 (E) Only 1 and 2 Expand the term SWIFT (A) Society for Worldwide International Financial Telecommunications (B) Society for Worldwide Interbank Financial Telecommunications

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(C) Society for Worldwide International Financial Transfers (D) Society for Worldwide Interbank Fiscal Transactions (E) None of these For which one of the following reasons. NABARD has set up joint liability groups (JLG) of farmers? (A) To facilitate delivery of credit to farmers (B) To facilitate better delivery of credit to farmers through informal sources (C) To facilitate better delivery of credit to share croppers and those who do not have their own land (D) To facilitate better delivery of credit to farmers through Panchayats (E) None of these Which of the following terms is not used in Banking World ? (A) Holding Company (B) Post dated cheque (C) Credit (D) Time deposit (E) Centripetal force What is the extent of claim that can be entertained by a Lok Adalat ? (A) Up to Rs. lakhs (B) Up to Rs 10 lakhs (C) Up to 20 lakhs (D) Up to Rs. 50 lakhs (E) No limit ASHA is a scheme for providing which of the following services to the people in India ? (A) Health Service (B) Clean water (C) Primary Education (D) Employment for 100 days (E) None of these Some private organizations are running e-choupals, to help which of the following section of society ? (A) Farmers (B) Small businessman (C) Cooperative Credit Societies (D) School-going children (E) Unemployed youth Which is the currency of U.A.E. ? (A) Dirham (B) Dinar (C) Dollar (D) Taka (E) Pound Sterling Who amongst the following is the author of the book A bend in the River ? (A) Chetan Bhagat (B) V. S. Naipaul (C) Kiran Desai (D) Anita Desai (E) None of these Which of the following terms is used in game of Cricket ? (A) Love (B) Scoop (C) LBW (D) Tee (E) Back0-hand drive Which one of the following was Indias Percent GDP growth during 2009-10 ? (A) 67 (B) 9.2 (C) 7.4 (D) 9.7 (E) None of these Which one of the following countries in Europe is facing financial crisis ? (A) Ireland (B) Portugal (C) Rumania (D) Hungary

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(E) France Which of the following schemes is launched for school children ? (A) Rajlakshmi (B) Kutir Jyoti (C) Mid Day Meal (D) Swajal Dhara (E) None of these Loans of small or very small amounts given to low income group people are known as (A) Investment Loans (B) Micro Credit (C) Savings Loan (D) Secured Loans (E) Cash Credit Loans Which of the following is the Central Bank of U.S.A.? (A) Federation of Banks in U.S.A. (B) Citigroup U.S.A. (C) Bank of America (D) Central Bank of India (E) Federal Reserve System Which one of the following countries was second biggest net importer of goods and services in the year 2009 ? (A) U.S.A. (B) India (C) China (D) Germany (E) Russia The activity of purchasing shares of various companies is called (A) On-line Trading (B) Share Trading (C) Real estate investment (D) Corporate Trading (E) None of these

ANSWERS
1. 5. 9. 13. 17. 21. 25. 29. 33. 37. 41. 45. 49. 53. 57. 61. 65. 69. 73. (C) (B) (E) (C) (C) (B) (C) (D) (C) (C) (B) (B) (E) (A) (A) (A) (A) (C) (E) 2. 6. 10. 14. 18. 22. 26. 30. 34. 38. 42. 46. 50. 54. 58. 62. 66. 70. 74. (B) (B) (A) (E) (B) (B) (A) (C) (E) (A) (B) (B) (C) (A) (B) (E) (A) (D) (B) 3. 7. 11. 15. 19. 23. 27. 31. 35. 39. 43. 47. 51. 55. 59. 63. 67. 71. 75. (C) (E) (A) (E) (C) (C) (D) (B) (A) (A) (E) (C) (C) (D) (E) (A) (B) (C) (C) 4. 8. 12. 16. 20. 24. 28. 32. 36. 40. 44. 48. 52. 56. 60. 64. 68. 72. (B) (B) (D) (A) (B) (D) (D) (D) (D) (D) (A) (C) (D) (C) (B) (A) (C) (B)