Saturday, November 19, 2011

IBPS CLERKS EXAM GENERAL AWARENESS MODEL PAPER

1.    From which state was the Janani 0 Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?
 1) Kerala  
2) Maharashtra
 3) Haryana  
4) Rajasthan
5) None of these

2.    RBI has decided to release a Rs. 5 coin mark 1000 years of which temple recently ?
1) Sabarimala Temple
 2) Kashi Vishwanath Temple, Varanasi
 3) Brihadeeswara Temple, Thanjavur
 4) Vaishno Devi Temple
 5) None of these

3.    Which of the following approved $ 1 billion loan for the National Ganga River Basin Project recently ?
1) UNEP  
2) ADB
 3) World Bank 
4) All above jointly
5) None of these

4.    The revised estimates of national income for the financial year 2010-11 were released by the Central Statistical Organisation (CSO) on May 31, 2011. Which of the following statements is / are correct ?
    I) Gross Domestic Product (GDP) at factor cost at 2004-05 prices is Rs. 4877842 crore
    II) Per Capita GDP at factor cost at 2004-05 prices is Rs. 38,247
    III) Per Capita Net National Incoem (NNI) at factor cost at 2004-05 prices is Rs. 35,917  
1) I only  
2) I and II only
3) II and III only  
4) I and III only
5) None of these

5.    The government has set up ......... Vidyut Vyapar Nigam' as the Central Agency to purchase solar power from the developers and sell it to distribution companies such as state electricity boards.
1) BHEL  
2) NHPC
3) REC  
4) NTPC
5) None of these

6.    The Reserve Bank of India (RBI) announced a change in its overseas direct investment guidelines to give Indian companies more flexibility in managing international joint ventures (JVs) and wholly-owned subsidiaries. Which of the following statements is / are correct ?
I) Listed companies will be allowed to write off 25 per cent capital, loans and other receivables such as royalty and management fee of their JVs and wholly-owned subsidiaries without seeking RBI permission
II) These guidelines will be applicable for JVs in which Indian promoters own at least 51 per cent
 III) Existing regulations allow restructuring of balance sheets only for winding - up of JVs and wholly - owned subsidiaries abroad
1) II only  
2) I and II only
3) III and I only  
4) I, II and III
5) None of these

7.    Which public sector bank is associated witht he launch of India's first Gramin Bank (Rural Bank) ATM Card in asociation with Vranasi - based Kashi Gomti Samyut Gramin Bank and National Payments Corporation of India (NPCI) recently ?
1) Allahabad Bank  
2) SBI
3) Canara Bank  
4) UBI
5) None of these

8.    The government announced the setting up of a special wing - Directorate of Income Tax (Criminal Investigation) - to investigate criminal offences under direct tax laws recently. Which of the following statements is / are correct ?
I) It will work under the purview of Enforcement Directorat
II) It will cover evasion of income tax and corporate tax
III) It will cover evasion of excise and customs duties
1) I only  
2) I and II only
3) II only 
4) III only
5) None of these

9.    Which of the following is not among the five-fold strategy adopted by the government to tackle the menace of illicit funds ?
1) Joining global crusade against 'black money'
2) Creating an appropriate legislative framework
3) Setting up institutions for dealing with Illicit Funds
4) Offering amnesty schemes to bring back black money
5) None of these

10.    The National Food Security Mission (NFSM) does not cover :
1) Rice  
2) Coarse Cereals
3) Pulses  
4) All the above
5) None of these

11.    Which of the following statements about rules governing the New Pension Scheme (NPS) is / are correct ?
I) Fund managers under NPS can be from public sector as well as private sector
II) NPS funds cannot be invested in equity markets
III) Both government and private sector employees can invest in NPS
1) I only  
2) I and II only
3) II and III only  
4) I and III only
5) None of these

12.    SCORES is a complaints redressal system launched by :
1) SEBI  
2) IBA
3) CBDT  
4) CCI
5) None of these

13.    Direct tax collections account for what share of GDP in India ?
1) 9.26 per cent  
2) 7.62 per cent
3) 5.66 per cent  
4) 4.72 per cent
5) None of these

14.    The government has increased the duty - free import quota for garments from which neighbouring country by two million pieces to 10 million recently ?
1) Nepal  
2) Bangladesh
3) Myanmar  
4) Bhutan
5) None of these

15.    The Committee set up to review the functioning of the National Small Savings Fund (NSSF) submitted its report to the Finance Ministry recently. Which of the following statements is / are correct ?
I) It has recommended an increase in the ceiling on annual subscriptions in Public Provident Fund (PPF).
II) It has recommended an upward revision of the rate of interest in Post Office Saving Account from 3.5% to 4%.
III) It has recommended in increae in the compulsory investment of net small savings collections in State Government Securities
1) I only  
2) I and II only
3) II and III only  
4) I and III only
5) None of these

16.    Which of the following statements regarding recent changes in the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is / are correct ?
I) Age limit for identification of beneficiaries has been lowered
II) 60 years is the new age limit for identification of beneficiaries
III) Monthly pension has been increased for al beneficiaries
1) I only  
2) I and II only
3) II only  
4) I, II and III
5) None of these

17.    The draft National Manufacturing Policy was given in - principle approval by a High Level Committee on Manufacturing, held under the Chairmanship of the Prime Minister recently. Which of the following statements is / are correct ?
I) The objective is to generat 100 million additional jobs by 2025
II) The objective is to raise the share of manufacturing in GDP to 30% by 2025
III) Manufacturing Industry Promotion Board (MIPB) should be set up to facilitate overseas investments by Indian companies
1) I only  
2) I and II only
3) II and III only  
4) I, II and III
5) None of these

18.    The government announced certain changes in the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) recently. Which of the following statements is / are correct ?
    I) More than 3 crore persons are covered under the IGNOAPS currently
    II) Total additional requirement of funds for implementing the changes will be Rs. 2,770 crore in 2011-12
    II) Age limits for windows and disabled covered under the scheme has been lowered
1) I only 
2) I and II only
3) II only  
4) II and III only
5) None of these

19.    The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than ...... people.
1) 500  
2) 1000
3) 1500  
4) 2000
5) None of these

20.    The new series of the Index of Industrial Production (IIP) was unveiled recently. Which of the following statements is / are correct ?
    I) 2004-05 will be the base year
    II) The weight of manufacturing in the new IIP has been increased
    III) The weight of mining and electricity has been reduced in the new IIP
1) I only  
2) I and II only
3) II and III only  
4) I, II and III
5) None of these

21. The government replaced the Duty Entitlement Pass Book [DEP(2)] scheme of export promotion replaced with Duty Drawback scheme on September 30. Which of the following statements is / are correct?
 I) DEPB was a reimbursement of Customs duty paid by an exporter on an imported input used in the export product
 II) DEPB was a cashless export promotion scheme
III) DEPB was administered by the revenue department of Finance Ministry
1) I only  
2) I and II only
3) II and III only  
4) III and I only
5) None of these

22.    What is the interest rate in 2011-12 on fresh loans for farmers who have repaid their previous short - term loans on time ?
1) 3%  
2) 4%
3) 5%  
4) 6%
5) None of these

23.    Which of the following indexes was coined by economist Arthur Okun ?
    1) Corruption Perception Index
    2) Network Readiness Index
    3) Terrorism Risk Index
    4) Misery Index
    5) None of these

24.    Which of the following category of workers were included under the Rashtriya Swasthya Bima yojana (RSBY) recently ?
1) Railway porters  
2) Beedi workers
3) Carpenters  
4) Masons
5) None of these

25.    Which of the following have been disallowed from opening branches abroad by the RBI recently ?
    1) Private sector banks   
    2) Pension Funds
    3) Cooperative banks
    4) NBFCs
    5) None of these

26.    Which of the following is the power excahnge being set up by NPTC ?
    1) Bharat Power Exchange Ltd
    2) National Power Exchange Ltd
    3) Power Exchange India Ltd
    4) None of the above
    5) None of these

27.    India has filed an application for an extension of its Exclusive Economic Zone (EEZ) from ...... nautical miles to ............. nautical miles with the United Nations Commission on the Law fo the Sea
1) 100, 300  
2) 200, 250
3) 100, 250  
4) 200, 350
5) None of these

28.    Which was India's best performing state during 1980-2004 in terms of productivity of the organised manufacturng sector, according to a RBI sponsored study unveiled recently ?
1) Bihar  
2) Tamil Nadu
3) Karnataka  
4) Haryana
5) None of these

29.    What was the insurance penetration (percentage of insurance premium to Gross Domestic Product) in India in 2009 according to figures released by the Finance Ministry in August 2011 ?
1) 3.14  
2) 4.80
3) 4.70  
4) 5.39
5) None of these

30.    Indian - mining companies have bid for a stake in Hajigak ..... ore mines in Afghanistan
1) Bauxite  
2) Copper
3) Iron  
 4) Coal
5) None of these

31.    India and ir Lanka signed a MoU to develop the ....... port in July 2011
1) Kankesanthurai  
2) Hambantota
3) Trincomalee  
4) Galle
5) None of these

32.    The establishment of Serious Fraud Investigation Office to tackle white collar crimes is based on the recommendations of :
    1) Vepa kamesam committee
    2) J. Venkateswarlu committee
    3) Jaydeep N. Shah committee
    4) Nilesh S. Vikamsey committee

33.    'Sukhi Griha Parikalpana' is a housing welfare scheme for rehabilitation of slum dwellers launched by which central government ministry?
    1) Railway   
    2) Rural Development
    3) Urban Development
    4) Labour & Employment
    5) None of these

34.    A draft policy on foreign direct investment (FDI) in multi-brand retail was unveiled by a committee of secretaries (CoS) in July 2011. Which of the following statements regarding current FDI policy in retail is / are correct ?
    I) FDI upto 10% is permitted in multi-brand retail.
    II) 100% FDI is permitted in cash & carry wholesale trade
    III) FDI upto 51% is permitted in single - brand retail
1) I only  
2) I and II only
3) II and III only  
4) I, II and III
5) None of these

35.    The government approved the acquisition of ...... Commercial and International Bank Ltd.' by ........ was approved by the government in July 2011.
1) State Bank of India
2) Bank of India
3) Axis Bank  
4) ICICI
5) None of these

36.    What is the base year of the new series of Consumer Price Indices (CPI) for rural, urban and combined introduced by the govenment in January, 2011 ?
1) 2005  
2) 2007
3) 2008   
4) 2010
5) None of these

37.    Which of the following was imposed a penalty of Rs. 55.5 crore for abusing its dominant position in the currency derivative (CD) market in June 2011 ?
1) National Stock Exchange
2) MCX-SX
3) Bombay Stock Exchange
4) OTCEI  
5) None of these

38.    Use of the which of the following softwares in reporting financial results of companies was made compulsory by the government recently?
1) XBRL  
2) Tally
3) HTML  

5) None of these

39.    What is the minimum time of operation an insurance company is required to launch an initial public offer (IPO) ?
1) 3 years  
2) 5 years
3) 7 years  
4) 10 years
5) None of these

40.    The Finance Ministry recently unveiled the structure of the infrastructure debt funds (IDFs) proposed in Budget 2011-12. Which of the following statements is / are correct ?
    I) IDF can be set up as a mututal fund (MF)
    II) IDF can be set up as a non - banking finance company (NBFC)
    III) IDF can be regulated by RBI or SEBI
1) I and II only  
2) II only
3) II and III only  
4) I, II and III
5) None of these

41.    The securities and Exchange Board of India (SEBI) announced key changes int he Takeover Code governing mergers and acquisitions of companies in the country in July 2011. According to the new rules an investor whose shareholding in a company exceeds a certain limit will have to make an open offer to acquire a further ..... of the shareholding of the company
1) 18%  
2) 20%
3) 24%  
4) 26%
5) None of these

42.    The comprehensive economic partnership agreement (CEPA) between India and Japan came into effect on August 1, 2011. This is India's third CEPA after .......
    1) USA and United Kingdom
    2) Singapore and South Korea
    3) Malaysia and Thailand
    4) China and Hong Kong
    5) None of these

43.    The European Union has decided to lift restrictions on India's export of which of the following passing through European ports ?
    1) Processed food   
    2) Cheap medicines
    3) Arms and Ammunition   
    4) Radioactive waster
    5) None of these

44.    Which state has the highest slum population in India according to Housing and Urban Poverty Alleviation Ministry ?
 1) Maharashtra  
2) Andhra Pradesh
3) Uttar Pradesh  
4) West Bengal
5) None of these

45.    What is India's Per Capita Income at current prices in 2010-11 ?
1) Rs. 41,532  
2) Rs. 45,278
3) Rs. 49,294  
4) 54.835
5) None of these

46.    What is the share of Micro, Small and Medium Enterprises (MSMEs) in India's industrial production ?
 1) 8.72% 
2) 16.18%
3) 24.67%  
4) 44.86%
5) None of these

47.    The M. Damodaran committee on customer services by banks has suggested sweeping changes in banking practices in its report submitted to the Reserve Bank of India (RBI) in August 2011. Which of the following statements regarding its recommendations is / are correct ?
I) There should be a common customer service call centre for all banks
 II) Insurance cover for deposits should be raised to Rs 500, 000 from Rs 100,000 now
 III) Banks should offer savings accounts with facilities like cheque facility, ATM card, etc without prescribing a minimum balance requirement
1) I only  
2) I and II only
3) II and III only  
4) I, II and III

48.    The State Bank of India (Subsidiary Banks Laws) Amendment Bill 2009 was passed by the Lok Sabha on August 11, 2011. Which of the following statements is / are correct ?
I) It allows subsidiary banks of State Bank of India (SBI) to raise capital through public issue route or through preferential allotment of equity shares
II) It authorises the Centre  to approve increase in or reduction of the authorised capital of a subsidiary bank
III) It permits the SBI Chairman to nominate an official of the State Bank or the subsidiary bank as the Chairman of the Board of a subsidiary bank
1) I only  
2) I and II only
3) II and III only  
4) I, II and III
5) None of these

49.    Which of the following is / are sold below market price to consumers in India ?
1) Kero sene  
2) Diesel
3) LPG  
4) All the above
5) None of these

50.    The Standing Committee on Petroleum and Natural Gas in its report submitted on August 3, 2011 has called for an end to sale of subsidised domestic cooking gas (LPG) for people with income of more than ....... per annum.
1) Rs 2 lakh  
2) Rs 3 lakh
3) Rs 4 lakh  
4) Rs 6 lakh
5) None of these

ANSWERS:
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11) 4    12) 1        13) 3    14) 2    15) 2    16) 2    17) 1    18) 4        19) 1  
20) 1    21) 2    22) 3    23) 4    24) 2        25) 4    26) 2    27) 4    28) 1    29) 4  
30) 3        31) 1    32) 1    33) 1    34) 4    35) 1    36) 4  37) 1    38) 1    39) 4    40) 4  
41) 4    42) 2    43) 2    44) 1    45) 4    46) 4    47) 4    48) 4        49) 4    50) 4