According to World Bank's latest report

India is now the world's

________wealthiest nation?

(A) Fourth
(B) Eighth
(C) Twelfth
(D) Sixteenth
Ans: [C] Twelfth
Which among the following companies
launched its super luxury hot wheels:
'Gallardo' and 'Murcielago'in India?

(A) Audi
(B) Rolls Royce
(C) Lamborghini
(D) Porsche
Ans: (C) Lamborghini
Isuzu Motors Ltd, Japan's largest maker
of light trucks has decided to start
making buses in India in2007 in
association with:

(A) TELCO
(B) Ashok Leyland
(C) Swaraj Mazda
(D) Mahindra and Mahindra
Ans: [C] Swaraj Mazda
In an attempt to enhance the quality of
customer service and strengthen the grievance
redressal mechanism, the Reserve Bank of
India has constituted a new department
Customer Service Department (CSD). Which of
the following is not among the key
responsibilities of the department?

(A) Dissemination of instructions or information relating to customer

service.
(B) Grievance redressal by banks and the RBI.
(C) Administering the Banking Ombudsman (BO) scheme and act as a
nodal department for the Banking codes and Standards Board of
India (BCSBI).
(D) All of the above
Ans: [D] All of the above
The new ICC president David Morgan
belongs to which among the following
countries?

(A) England
(B) South Africa
(C) Australia
(D) New Zealand
Ans: (A) England
Which among the following countries
has the maximum amount of external
debt?

(A) USA
(B) Mexico
(C) Brazil
(D) Japan
Ans: (A) USA
Tata Sky is a satellite television
company in India, formed through a
joint venture between the Tata Group
and-

(A) Star TV
(B) Eurospace
(C) Sky Italia
(D) ISRO
Ans: (A) Star TV
'Eco Mark' is given to the Indian
products that are:

(A) pure and unadulterated

(B) rich in protein
(C) economically viable
(D) environment-friendly
Ans: (D) environment-friendly
The indicator of economic prosperity is:

(A) increase in gross national product at current

prices
(B) increase in net national product at current prices
(C) increase in gross national product at fixed prices
(D) increase in net national product at fixed prices
Ans: (C) increase in gross national product at fixed
prices
Cairn Energy, which is exploring oil in
Rajasthan, belongs to:

(A) Ireland
(B) Scotland
(C) Norway
(D) Sweden
Ans: (B) Scotland
The youngest ever Indian to achieve a
Grandmaster norm in Chess is:

(A) Sahaj Grover

(B) Saina Nehwal
(C) Parimarjan Negi
(D) D Harika
Ans: (C) Parimarjan Negi
 Which among the following is not a
wholly owned subsidiary of Reserve
Bank of India?

(A) National Housing Bank

(B) National Bank of Agriculture and Rural Development
(C) Deposit Insurance and Credit Guarantee Corporation of
India
(D) Exim Bank of India
Ans: (D) Exim Bank of India
The December 2006 Asian Games were
held in:

(A) Doha
(B) Abu Dhabi
(C) Riyadh
(D) Kyoto
Ans: (A) Doha
The service tax umbrella does not cover:

(A) Pathology labs

(B) Telecom services
(C) Coaching institutes
(D) Catering services
Ans: (A) Pathology labs
Which company launched a premium
denim line in the Indian fashion arena,
co branding it with John Abraham?

(A) Killer
(B) Wrangler
(C) Lee Copper
(D) Milky Way
Ans: (B) Wrangler
The National Stock Exchange
incorporated in 1992, in terms of
transactions holds:

(A) fifth rank in the World

(B) third rank in the World
(C) seventh rank in the World
(D) does not figure in the top 10
Ans: (B) third rank in the World
Which country, of the following, is the
biggest contributor for Foreign Direct
Investment in India between 1991 and
2004?

(A) Mauritius
(B) USA
(C) Japan
(D) United Kingdom
Ans: (A) Mauritius
SAFTA stands for?

(A) South Asia Free Trade Agreement

(B) South African Federation for Tribal Advancement
(C) South Asian Forum for Tourism Agreements
(D) None of the above
Ans: [A] South Asia Free Trade Agreement
Introduction of 3G services in
telecommunication industry will NOT
include which of the following features?

(A) Video Streaming

(B) Stock Transactions
(C) E-learning
(D) E-Governance
Ans: (C) E-learning
Which Finance Minister resigned after a
report on Haridas Mundhra share
imbroglio was published in1958?

(A) GK Iyengar
(B) Ramanand Shastri
(C) TT Krishnamachari
(D) V Padmanabhan
Ans: (C) TT Krishnamachari
Which state tops the revenues collected
under the implemented VAT tax regime?

(A) Maharashtra
(B) Andhra Pradesh
(C) Gujarat
(D) Karnataka
Ans: (A) Maharashtra
Which player won the country's highest
ever professional Golf Prize held at
China?

(A) Shiv Kapur

(B) Jeev Milkha Singh
(C) Gaurav Ghei
(D) Jyoti Randhawa
Ans: (B) Jeev Milkha Singh
Who is the current Union Minister for
Commerce and Industry?

(A) PC Chidambram
(B) MS Ahluwalia
(C) Praful Patel
(D) Kamalnath
Ans: (D) Kamalnath
Kevin Rollins is the CEO of which
American Corporate giant employing
direct business model?

(A) Wall Mart

(B) Dell
(C) Microsoft
(D) Quark
Ans: (B) Dell
According to the India-Pacific Wealth
Report, the number of millionaire
investors in India has grown to:

(A) 83,000
(B) 23,000
(C) 48,000
(D) 100,000
Ans: (A) 83,000
NIIT Technologies have established ties
with a Singapore agency to market
GeBiz. What is GeBiz?

(A) Electronic business portal of Singapore Govt

(B) Portal of Income Tax department of Singapore
(C) GE's commercial arm based at Singapore
(D) None of the above
Ans: (A) Electronic business portal of Singapore
Govt
The investment giant set up by Warren
Buffet is:

(A) DSP Merryl Lynch

(B) Berkshire Hathway
(C) GE Capital
(D) Citi Capital
Ans: (B) Berkshire Hathway
Who has been awarded the Phalke
Ratna Award in April 2008?

(A) Devanand
(B) Amitabh bachchan
(C) Ramanand Sagar
(D) B.R.Chopara
Ans: (D) B.R.Chopara
When did Regional Rural Banks start
functioning in India?

(A) 1975
(B) 1947
(C) 1956
(D) 1960
Ans: (A) 1975
Who was the Chairman of the Sixth
Central Pay Commission?

(A) Justice B. N. Srikrishna

(B) Prof. Ravindra Dholakia
(C) J. S. Mathur
(D) Sushma Nath
Ans: (A) Justice B. N. Srikrishna
The 11th Five Year Plan is termed as
plan for:

(A) India’s Health

(B) Eradication of poverty from India
(C) India’s Education
(D) Development of Rural India
Ans: (C) India’s Education
Which of the following correctly describes
what sub-prime lending is:
(1) Lending to the people with less than ideal credit
status
(2) Lending to the people who are high value customers
of the banks
(3) Lending to those who are not a regular customer

(A) Only 1
(B) Only 2
(C) Only 3
(D) All
Ans: (A) Only 1
“The actual return of an investor is reduced
sometimes as the prices of the commodities
go up all of a sudden”. In financial sector
this type of phenomenon is known as:

(A) Probability risk

(B) Market risk
(C) Inflation risk
(D) Credit risk
Ans: (A) Probability risk
Which of the following is the limitation of
the ATMs owing to which people are
required to visit branches of the bank?
(1) It does not accept deposits
(2) It has a limited cash disbursement capacity
(3) Lack of human interface

(A) Only (1)

(B) Only (2)
(C) Only (3)
(D) All
Ans: (D) All
The World Development Report 2009 is
released by which of the following
Organisations?

(A) UNESCO
(B) ADB
(C) IMF
(D) World Bank
Ans: (D) World Bank
Which of the following statements is/are TRUE
about the Lehman Brothers Holdings Inc. which
was in news sometimes back?
(1) The US government provided a US$ 7000 million
bailout package to the company
(2) The company filed for bankruptcy in a court in New
York
(3) The company is now out of financial crisis and is busy
in its restructuring so that it can start afresh

(A) Only (1)

(B) Only (2)
(C) Only (3)
(D) All
Ans: (B) Only (2)
The Reserve Bank of India has recently issued
guidelines to banks on Pillar 2 of Basel II
framework. Pillar 2 deals with which of the
following?
(1) Better human resource management
(2) Adequate capital to support risks
(3) Better profitability with minimum number of
employees

(A) Only (1)

(B) Only (2)
(C) Only (3)
(D) None of these
Ans: (D) None of these
The World Investment Report 2008 was
released in September 20This report is
published every year by:

(A) Government of India

(B) World Trade Organisation (WTO)
(C) Asian Development Bank (ADB)
(D) United Nations Conference on Trade and Development
(UNCTAD)
Ans: (D) United Nations Conference on Trade and
Development (UNCTAD)
Which of the following has the sole right
of issuing paper notes in India?

(A) Union Government

(B) Reserve Bank of India
(C) Ministry of Finance
(D) Supreme Court
Ans: (B) Reserve Bank of India
Decision taken at Bretton Woods
Conference led to the formation of:

(A) IDA
(B) IMF
(C) ADB
(D) IFC
Ans: (B) IMF
Euro is the currency of European
Union. When did it come into being?

(A) 1999
(B) 1965
(C) 1942
(D) 1989
Ans: (A) 1999
The Bank of Calcutta, Bank of Bombay
and Bank of Madras were merged in
1921 to form:

(A) Reserve Bank of India

(B) Imperial Bank of India
(C) Bank of India
(D) Union Bank of India
Ans: (B) Imperial Bank of India
In India, income tax is levied by:

(A) Union Government

(B) State Governments
(C) Ministry of Finance
(D) RBI
Ans: (A) Union Government
The Reserve Bank of India was
nationalized in?

(A) 1947
(B) 1948
(C) 1950
(D) 1956
Ans: (B) 1948
What is a Bank which has capital and
reserves of over Rs. 5 lakhs called?

(A) National Bank

(B) Cooperative Bank
(C) Scheduled Bank
(D) Unscheduled Bank
Ans: (C) Scheduled Bank
How many languages are there in the
Eighth Schedule of the Constitution of
India?

(A) Eighteen languages

(B) Nineteen languages
(C) Sixteen languages
(D) Twenty two languages
Ans: (D) Twenty two languages
Who amongst the following is the Head
of the RBI at present?

(A) Mr. K V. Kamath

(B) Dr D. Subbarao
(C) Mr. Y.R. Narayanamurthy
(D) Mr. O.P. Bhatt
Ans: (B) Dr D. Subbarao
India has different categories of
Commercial banks. Which of the
following is not one such category?

(A) Private Banks

(B) Commodity Banks
(C) Nationalised Banks
(D) Co-operative Banks
Ans: (B) Commodity Banks
SEBI recently imposed a restriction on
money flow in equity through ‘P-Notes’.
What is the full form of ‘P-Notes’?

(A) Permanent Notes

(B) Purchase Notes
(C) Participatory Notes
(D) Private Notes
Ans: (C) Participatory Notes
Which of the following organisations /
agencies has established a fund known
as “Investor Protection Fund”?

(A) SEBI
(B) NABARD
(C) Bombay Stock Exchange
(D) Ministry of Health
Ans: (A) SEBI
Which of the following types of banks
are allowed to operate foreign currency
accounts ?
(1) Foreign Banks
(2) Regional Rural Banks
(3) Nationalised Banks

(A) Only 1
(B) Only 2
(C) Only 3
(D) All of the above
Ans: (C) Only 3
The financial markets of which of the
following countries were badly affected
by sub prime crisis?

(A) Russia
(B) Brazil
(C) UK
(D) USA
Ans: (C) UK
The Government of India put a ban on
export of which of the following
commodities at the price below the price
of the same in domestic market?

(A) Steel
(B) Chemical Fertiliser
(C) Pharma products’
(D) Electronic goods
Ans: (A) Steel
India’s Foreign Exchange Reserves
declined sharply in recent past. What
was the main reason for the same?

 (A) Heavy demand of the same by foreign tourists

(B) Import of wheat from Pakistan & South Korea
(C) Appreciation of Rupee Value
(D) Instability in coalition government in Centre
Ans: (C) Appreciation of Rupee Value
Asia Pacific Economic Cooperation
Business Meet was organised in
September 2007 in:

(A) New Delhi

(B) Beijing
(C) Tokyo
(D) Sydney
Ans: (D) Sydney