General Awareness

1. PM on 5 November 2015 launched three

schemes aimed at reducing physical gold
demand and luring tonnes of gold from
households into the banking system. They
are Gold Monetisation Scheme (GMS),
Sovereign Gold Bond Scheme (SGBS) and..
1) Gold Coin and Bullion Scheme (GCBS)
2) Gold Sovereign Certificate Scheme
(GSCS)
3) Gold Certificate and Bullion Scheme
(GCBS)
4) Gold Certificate and Bar Scheme (GCBS)
5) Gold Coin and Barer Scheme (GCBS)
2. Gold Monetisation Scheme (GMS) 2015
replace the existing Gold Deposit Scheme,
1999. The Deposits outstanding under the
1999 scheme ....
1) automatically converted to present Gold
Monetisation Scheme.
2) will be allowed to run till maturity unless
the depositors prematurely withdraw them.
3) will be converted into money automatically and paid to the deposit holder instantly.
4) will be converted into USA Dollars under
LIBOR method
5) None of the above
3. Who are eligible to join the Gold
Monetisation Scheme (GMS) as the depositors can deposit gold at CPTC certified by
the Bureau of Indian Standards (BIS)?
1) Individuals
2) HUF
3) SEBI - registered Mutual Funds
4) Exchange Traded Funds
5) All of above are eligible
4. CPTC stands for ....?
1) Coin and Purity Testing Centres
2) Core and Purity Testing Centres
3) Collection and Purity Testing Centres
4) Collection and Purity Trail Centres
5) None of the above
5. A deposit certificate will be issued by banks
in GMS scheme in equivalence of 995 fineness of gold and the principal and interest of
the deposit under the scheme .....
1) will be denominated in gold.
2) will be denominated 50% in the gold form
and 50% in the cash form.
3) will be denominated as per USA Dollars
exchange rate.
4) will be denominated in gold as per 2010
rates.
5) None of the above
6. The terms of deposit range under GMS ranging from short-term deposits (1-3 years),
medium-term deposits (5-7 years) and longterm deposits of .....
1) 20-25 years
2) 20-35 years
3) 40-45 years
4) 18-25 years
5) 12-15 years
7. Under GMS scheme, the minimum deposit at
any one time shall be raw gold (bars, coins,
jewellery excluding stones and other metals)
equivalent to ...... grams of gold. However
there is no maximum limit for deposit under
the scheme.
1) 30
2) 100
3) 50
4) 25
5) 10
8. Under the GMS scheme, in the medium term
bonds, the rate of interest fixed at ...... and
for the long term bonds is 2.5% for the bonds
issued in 2015-16.
1) 2.25 % per annum
2) 3.25 % per annum
3) 4.25 % per annum
4) 6.25 % per annum
5) 7.25 % per annum

A. Veeraswamy

India declared grant assistance of ....... to

African Nations (It will include an India-Africa
Development Fund of $100 million and an
India-Africa Health Fund of $10 million)
1) $ 6 Billion
2) $ 100 Billion
3) $ 1 Billion
4) $ 600 Million
5) $ 900 Million

Ans: 4

Who will issue Gold Bonds?

9. Once the gold collected as deposit under the
GMS scheme, the banks can ....
1) sell the gold
2) lend the gold
3) use the gold for minting India Gold Coins
4) sell gold to other designated banks participating in GMS.
5) All of above actions can be done by bank
10. Under the Sovereign Gold Bond Scheme
(SGBS), who will issue Gold Bonds on
behalf of the Government of India?
1) RBI
2) SBI
3) MMTC
4) SEBI
5) Government of Delhi
11. Applications to get the SGBS bonds will be
accepted between 5-20 November 2015.
The bonds will be issued on ....
1) 26 November
2) 26 December
3) 26 January
4) 26 February
5) 26 March
12. Under the SGBS scheme, the bonds will be
denominated in multiples of gram(s) of gold
with a basic unit of ......
1) 1 gram
2) 10 grams
3) 5 grams
4) 30 grams
5) 2 grams
13. SGBS bonds will be issued for a tenor of
eight years, with an exit option from the....
1) 4th year
2) 7th year
3) 6th year
4) 5th year
5) 1st year
14. Under the Sovereign Gold Bonds Scheme
(SGBS), investors earn an interest rate up
to...
1) 2.75 % per annum 2) 3.75 % per annum
3) 4.75 % per annum 4) 5.75 % per annum
5) 6.75 % per annum
15. As per RBI rule, SGBS bonds will not be
allowed to purchase less than 2 gramsworth of bonds and not more than ......
grams-worth per person per financial year.
1) 500
2) 5000
3) 100 4) 10 5) 20
16. Locate the wrong statement regarding
SGBS scheme.
1) Bonds are eligible for conversion into
DEMAT form.
2) Bonds can be used as collateral for loans.
3) Interest on Gold Bonds shall be taxable.
4) Bonds will be sold through banks and
designated post offices as notified.
5) All of above are correct
17. Under the Gold Coin and Bullion Scheme,
the government of India issue gold coins,
which will have the Ashok Chakra engraved
on them. Initially, coins of 5 grams and 10
grams will be available and 20 gram bars
available at ......
1) MMTC counters
2) RBI regional Offices 3) SBI head office
4) Post offices
5) All state government revenue counters
18. India surpassed which nations as the
world's largest gold consumer, buying 562
tonnes of yellow metal so far in this 2015-16
fiscal year?
1) USA
2) UK
3) Japan
4) China
5) Germany
19. At the time of launching the PM Modi
termed three gold schemes as..
1) sone pe suhaga
2) sone pe paisa
3) sone lathe sone
4) sone se bhrarth shine 5) None

20. RBI on 29 Oct 2015 allowed subscribing for

the National Pension System (NPS) for....
1) Freedom fighters participated in Salt
Satyagraha
2) Old age people who are disabled
3) NRIs
4) Private Bank Employees
5) None of the above
21. On 3 November 2015, which state government approved the A.P.J. Abdul Kalam
Amrut Yojna Scheme to provide one full hot
cooked nutritious food to pregnant, lactating women in the tribal areas?
1) Odisha
2) Himachal Pradesh
3) Rajasthan
4) Tamilnadu
5) Maharashtra
22. To whom the European Parliament had
given the status of whistle-blowers and
human rights defenders?
1) Tunisian National Dialogue Quartet
2) Sheila Watt - Cloutier
3) Gilbert Waltz
4) Edward Paul
5) Edward Snowden
23. For real time monitoring of various tribal
development programmes and schemes,
on 28 October 2015, the Union
Government has decided to set up National
Tribal Advisory Council under chairmanship
of the ......
1) Prime Minister
2) President of India
3) Union Minister of Tribal Affairs
4) Chairman, National Commission for
Scheduled Tribes
5) Union Minister for Social Justice and
Empowerment
24. Who is the Union minister for Tribal Affairs?
1) Jual Oram
2) Thaawar Chand Gehlot
3) Chaudhary Birender Singh
4) Dr. Najma A. Heptulla
5) Smt. Maneka Sanjay Gandhi
25. National Commission for Scheduled Tribes
headed by .....
1) P.L.Punia
2) P. Eswaraiah
3) Naseem Ahmed
4) Dr.Rameshwar Oraon
5) Cyriac Joseph
26. On 31 October 2015, Indian Air Force started its annual exercise by name .... ..
1) Exercise wire
2) Exercise Hand in Hand
3) Exercise Slinex
4) Exercise Mathri Shakthi
5) Exercise Livewire
27. Indian Air force Chief ......
1) Dalbir Singh Suhag
2) Manmohan Singh Rai
3) R.K.Dowan
4) Arup Raha
5) Manohar Parikar
28. The new President of Tanzania is ......
(Tanzania capital Dodoma and currency
Shilling).
1) Bidhya Bhandari
2) Uhuru Kenyatta
3) Hassan Sheikh Mohamoud
4) Yoweri Museveni
5) John Magufuli
29. Among the following nations, which nation
does not have Shilling as the currency?
1) Nepal
2) Kenya
3) Somalia
4) Uganda
5) Tanzania
30. Which nation finally lifted one child policy
after 36 long years?

1) India
2) Saudi Arabia
3) China
4) Russia
5) Australia
31. According to the United Nations report,
which region is the most disaster-prone part
of the world?
1) Asia Pacific
2) Center Pacific
3) North American
4) South Asian
5) Sub Sahara
32. 3rd Indo-Africa summit between 26-29
October 2015 held at ....... (First summit in
2008 held at New Delhi).
1) Durban
2) Lusaka 3) New Delhi
4) Harare
5) Mumbai
33. 'Meeting of dreams of one-third humanity
under one roof'. This statement given by
whom on the eve of Indo-Africa summit,
New Delhi?
1) Arun Jaitley
2) Pranab Mukharjee
3) Narendra Modi
4) Sushma Swaraj
5) Jashankar
34. India will offer how much concessional
credit over the next five years to African
Nations?
1) $ 50 billion
2) $ 100 billion
3) $ 5 billion
4) $ 10 billion
5) $ 15 billion
Key
1-1
2-2
3-5
4-3
5-1
6-5

7-1
8-1
9-5
10-1
11-1
12-1

13-4
14-1
15-1
16-5
17-1
18-4

19-1
20-3
21-5
22-5
23-1
24-1

25-4
26-5
27-4
28-5
29-1
30-3

31-1
32-3
33-3
34-4

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