1."Gadgil Formula" is related to which of the following ?
(A)Share of tax revenue between states and central government
(B)Transfer of assistance to the states by center under various schemes
(C)Assistance to be provided to states by the Central government for NREGA scheme
2.Which among the following was not a committee on Tax Reforms?
(A)Raja J Chelliah Committee
(B)Kelker Committee
(C)Taraporewala committee
3.The biggest pie of country's output is used for which of the following ?
(A)Public Consumption
(B)Private Consumption
(C)Investment
4.Among which of the following countries would you call a growing country or growing economy ?
(A)A country with rising GNP at constant prices
(B)A country with rising GNP at current prices
(C)A country with constant GNP at rising prices
5.Before independence , which of the following country was India's largest trade partner?
(A)UK
(B)USSR
(C)USA
6.Which among the following terms classify India correctly ?
(A)a labor surplus country
(B)a capital surplus country
(C)a trade surplus country
7.Which among the following years marks the latest devaluations in India's currency ?
(A)1991
(B)1998
(C)1999
8.What is India's rank in largest telecommunication networks in world?
(A)Second
(B)Third
(C)Fourth
9.Interest receipts and dividends come under which category of Government's revenue?
(A)Tax Revenue
(B)Non tax Revenue
(C)Both of them
10.Which among the following revolutions is related to 'fertilizers'?
(A)Silver Revolution
(B)Grey Revolution
(C)Black Revolution
11.When 14 banks of India were nationalized on July 19, 1969, each one of them had a minimum deposit of ________?
(A)Rs. 50 Crore
(B)Rs. 40 crore
(C)Rs. 30 Crore
12.Recently we read in the news papers that Delhi High court has decriminalized sex between consenting adults. Which section of Indian Penal Code deals with the sexual activity 'against the order of nature.' ?
(A)Section 371
(B)Section 372
(C)Section 377
13.Recently which countries have signed 'peace pipeline agreement"?
(A)India & Pakistan
(B)Pakistan & Iran
(C)India, Pakistan & Iran
14.Horst Koehler , who was recently re elected as President of Germany had been head of which of the following organization in past ?
(A)International Monetary Fund
(B)International Finance Corporation
(C)World Health Organization
15.According to the latest assessment by the International Monetary Fund (IMF), the global economy is projected to shrink by what fraction in 2009?
(A)1%
(B)1.5%
(C)3%
16.What was the main objective of the FRBM Act which was enacted by Parliament in 2003?
(A)Bring Liquidity
(B)Bring Fiscal Discipline
(C)Bring Trade equilibrium
17.Which among the following defines 'revenue deficit'?
(A)revenue expenditure minus revenue receipts
(B)revenue receipts minus revenue expenditure
(C)revenue expenditure plus revenue receipts
18.In order to ensure that the increased Government market borrowing programme does not crowd out credit flow to the private sector, What is the projected money supply (M3) growth for 2009-10, fixed by RBI recently ?
(A)17%
(B)18%
(C)19%
19.Recently which bank has launched it mascot ‘DOLLe’ (dolphin)?
(A)Andhra Bank
(B)Allahabad Bank
(C)Canara bank
20.In order to launch ‘BSNL Managed SaaS’ (Software as a Service) in India, BSNL has recently tied up with which of the following software giant ?
(A)Microsoft
(B)Sun Microsystems
(C)Oracle
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