1. In India, the commercial banks are required to provide how much percentage of the their advances to priority sector?
[A] 25%
[B] 30%
[C] 35%
[D] 40%
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2. All the foreign funds to come forward as Foreign Institutional Investments (FII) prior to any investment, are needed to register in which among the following bodies?
[A] RBI
[B] SEBI
[C] Department of Economic Affairs
[D] Both A & B
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3. In which year First National Forest Policy issued by the Government of India?
[A] 1948
[B] 1952
[C] 1962
[D] 1968
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4. Consider the following
- Oil Palm
- Rubber
- Coffee
- Tea
- Sugarcane
Which among the above is/ are considered plantation crops in India for the purpose of agriculture policy?
[A] 1 & 2
[B] 1, 2 & 3
[C] 1, 2, 3 & 4
[D] 1, 2, 3, 4 & 5
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Correct Answer: C [1, 2, 3 & 4]
5. Laissez Faire is represented by which of the following economies?
[A] Free Enterprise Economy
[B] Government Controlled Economy
[C] Mixed Economy
[D] Socialist Economy
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Correct Answer: A [Free Enterprise Economy]
Notes:Laissez faire refers to the economic policy of letting owners of industry and business set working conditions without interference. This policy favours a free market unregulated by the government
6. Who among the following gave the “Theory of ‘Invisible hands’ in Management ?
[A] Adam Smith
[B] Philip Kotler
[C] C K Prahald
[D] None of the above
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Correct Answer: A [Adam Smith]
7. Headquarters of Central Plantation Crops Research Institute is located at?
[A] Kasaragod, Kerala
[B] Dehradun Uttrakhand
[C] Shillong, Meghalaya
[D] Coiambatore, Tamil Nadu
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Correct Answer: A [Kasaragod, Kerala]
8. Which among the following is not the primary function of Commercial bank in India?
[A] Acceptance of Deposits
[B] Merchant Banking
[C] Advancing of Loans
[D] All of them are primary functions
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Correct Answer: B [Merchant Banking]
9. Which among the following are referred often as “Factories of Credit ” in India?
[A] NGOs
[B] Commercial Banks
[C] Corporates
[D] Cooperatives
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Correct Answer: B [Commercial Banks]
10. Which among the following is known as Treaty on European Union?
[A] Lisbon Treaty
[B] Paris Treaty
[C] Maastricht Treaty
[D] Treaty of Rome
Show Answer
Correct Answer: C [Maastricht Treaty]
Notes:The Maastricht Treaty is responsible for the establishment of the European Union in 1993, and it introduced the concept of European citizenship.
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