1.Examine the following statements in the context of different approvals given by the Cabinet Committee on Economic Affairs:
A) The CCEA has approved allocation of Rs.12,000 crore for Bihar as a special plan under the Backward Region Grant Fund for the 12th five year plan.
B) The CCEA has approved to continue the special plan for the KBK districts (Kalahandi-Bolangir-Koraput) of Odisha, allocating Rs.250 crore per annum.
C) The CCEA has approved to continue the special package for implementing drought mitigation strategies in Budelkhand (UP) and Madhya Pradesh.
Which of the above statements is/are correct?
a) Only A b) Only B c) Only C d) Only B and C e) All a, b and c
2.Which of the following is correct in the context of an infrastructure Finance Company (IFC)?
a) IFCs provide loans and accept deosits.
b) A minimum of 75 per cent of the total assets of an IFC should be deployed in infrastructure loans.
c) The company should have minimum net worth of Rs.300 crore.
d) All the above e) Only b and c
3.Gilt funds, as they are conveniently called, are mutual fund schemes floated by asset management companies with exclusive investments in which of the following?
a) Blue Chip Companies
b) Government Securities
c) Gold
d) Commodities
e) None of these
4.The Exchange Earners’ Foreign Currency Account (EFFC) is an account maintained in foreign currency with an authorized dealer, i.e. a bank dealing in foreign exchange. This facility is provided to which of the following categories?
a) Exporters
b) Individuals
c) Companies
d) All categories of foreign earners who are resident in India
e) None of these
5.India is building the heaviest and largest parts of the Tokamak, the machine behind the biggest scientific collaboration on the planet till date. The project called ITER includes 34 nations and is aimed at producing cheap, clean and safe energy through.
a) nuclear fission
b) nuclear fusion
c) solar energy
d) wind Energy
e) None of these
6.Name the volcano which erupted in the Philippines recently killing at least five people. It is famous for its almost perfect cone shape and has erupted around 50 times since records began, with the most violent one being in 1814.
a) Mount Taal
b) Mount Ragang
c) Mount Pinatubo
d) Mount Mayon
e) Mount Cagua
7.Identify the correct statement(s) among the following:
a) Banking services in India come under the purview of the Essential Services Maintenance Act.
b) All the banks do not come under the regulation of Right to Information Act.
c) Not all banks come under the Second Schedule of the RBI.
d) All the above e) Only a and c
8. Consider the following:
A) The Banking Department gets currency from the Issue Department.
B) The Government puts the currency in circulation.
C) The Central Government incurs a deficit in its Budget.
D) The Government sells Treasury Bill to Banking Department of the RBI.
What will be the correct order of the above steps?
a) CDAB b) ABDC c) DCBA d) BACD e) ABCD
9.Queen Beatrix signed the instrument of abdication after 33 years on the throne in favour of her eldest son Willem Alexander recently. The 46-year-old Willem Alexander has become Europe’s youngest king, beginning his reign in.
a) Finland
b) Sweden
c) Netherlands
d) Spain
e) None of these
10. Which of the following countries has claimed both men’s and women’s titles of the 19th Commonwealth Table Tennis Championships held in New Delhi recently?
a) India b) England c) Singapore d) Australia e) None of these