Quiz 296: Finance, Business & Economy for Bank PO , MBA Admission & Civil Services Examinations

1.Who among the following is the chief of ‘Intergovernmental Panel on Climate Change’ who was recently in news as a newspaper (The Sunday Telegraph) published a report which accuses him of making fortune out of carbon trading firms include banks, oil and energy companies and investment
(A)Bert Bolin
(B)Yuri Israel
(C)Dr. Rajendra K. Pachauri
(D)Timothy F. Ball
(E)Robert M. Carter

2.Which of the following state governments have set up Karen Mayer committee to strengthen the administrative control of the state government on all public schools in the state & which recently has recommended a 25 per cent reservation for SC/ST children and enactment of the state’s own Education Act?
(A)Himachal Pradesh
(D)Uttar Pradesh

3.Consider the following statements:
1. National Tax Tribunal (NTT) Act was enacted in 2005.
2. The NTT act has the objective of the High Courts and render speedy adjudication of disputes on Direct & Indirect Tax matters.
3. Currently 15 tribunals are active :10 for Direct Tax and five for Indirect Tax matters
Which among the above statements are correct?
(A)1 only
(B)1 & 2 only
(C)2 & 3 only
(D)all 1,2 & 3
(E)None of them is correct

4.By which year India will align its accounting practices with over 100 countries by adopting the International Financial Reporting Standards ?
(E)India has already aligned

5.Who among the following is the leader of the Bhartiya Janta Party in Rajya Sabha currently ?
(A)Sushma Swaraj
(B)Venkaiah Naidu
(C)Arun jaitley
(D)Nitin Gadkari
(E)Shahnawaj Hussain

6.Which of the following European country has recently offered India a special status and shipping routes to help access European and other markets ?

7.Recently Thirteenth Finance Commission Report on the goods and services tax was released. Which among the following is a correct combination of GST at state and centre level as per the recommendations of this report?
(A)A single tax rate of 5 per cent for the states and 5 per cent for the Centre
(B)A single tax rate of 5 per cent for the states and 7 per cent for the Centre
(C)A single tax rate of 7 per cent for the states and 7 per cent for the Centre
(D)A single tax rate of 7 per cent for the states and 5 per cent for the Centre
(E)A single tax rate of 6 per cent for the states and 4 per cent for the Centre

8.Recently Kalasa-Banduri nalla project for irrigation, supply of drinking water was in news which is under controversy between the two neighboring states and central government has decided to constitute a tribunal to sort-out the matter. Which among the following two neighbors are involved in this
(A)Maharastra & Goa
(B)Karnataka & Goa
(C)Karnataka & Tamilnadu
(D)Andhra Pradesh & Karnataka
(E)None of them

9.Which among the following are most common bottlenecks coming in the way of setting up of industries in the states in India?
(A)Delay in land acquisition & land allotment
(B)Absence of PPP (Public Private Partnership) modalities
(C)Problem of Water supply
(D)All of them
(E)None of them

10.Where are the secretariat of International Chamber of Commerce ?
(D)New York

11.Recently we read in the newspapers that some companies like Wipro, HCL and HP have announced their e-waste take-back policy to contribute in the fight against the menace of E-wastes. Which among the following is correct in this context ?
(A)Govt. of India has recently enacted a legislation that make the producers (manufacturers) responsible for the management of electronic waste (e-waste).
(B)These companies are at present doing this noble job on voluntary basis
(C)These companies which comprise 75% of PC market in India have been directed by Government of India for this purpose
(D)All the above statements are correct
(E)None of those statements are correct

12.Against the menace of which of the following diseases ‘Yellow Ribbon Campaign’ has been launched in several states in India?
(B)Swine Flu
(D)Small Pox

13.For which of the following commodities , recently Indian Space Research Organization (ISRO) has offered its remote sensing (RS) and geographical information systems (GIS) facilities to map the crop areas and provide accurate data?
(A)Sugar Cane

14.Which among the following is the largest engineering and manufacturing enterprise in India in the energy-related and infrastructure sector ?
(A)Bharat Heavy Electricals Limited
(B)Tata Power
(C)Dabhol Power Company
(D)National Thermal Power Corporation
(E)None of them

15.At which of the following places steam engines were originally manufactured by India Railway ?

16.Which among the following correspond to the maximum and minimum road length in India?
(A)Madhya Pradesh and Andaman & Nicobar
(B)Madhya Pradesh and Lakshdweep
(C)Maharastra and Lakshadweep
(D)Maharastra and Damn & Diu
(E)Rajasthan & Lakshadweep

17.Which among the following company in India is the first in the field of exploration and development of Coal Bed methane ?
(A)Alkane Energy
(B)Great Eastern Energy Corporation Ltd
(D)Apache Corporation
(E)None of them

18.Which among the following represents accounting year of Reserve Bank of India?
(A)April- March
(B)January – December
(E)None of them

19.Recently we read in the newspapers that Wholesale food prices touched 10-year high with food inflation inching to 19.95 per cent for the week ended December 5, 2009. Consider the following steps to tame the food prices:
1. Allowing the zero import duty on wheat, pulses and crude edible oil
2. Allowing the import of various commodities like sugar & Rice.
3. Putting a temporary embargo on essential food items like Onion
4. Amending the Essential Commodities Act to check hording and speculation.
Which among the above steps have been taken by Government of India in Recent times?
(A)1 only
(B)1 & 2 only
(C)1, 2, & 3 only
(D)2 & 4 only
(E)3 & 4 only

20. Shobhana Bhartia is related to which of the following newspaper groups?
(A)Hindustan Times
(B)Times of India
(C)Indian Express
(D)The Hindu
(E)None of them

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  • Anonymous

    very useful one.

  • Anonymous

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    very very very useful to all

    and very well managed site too.

  • Anonymous

    Very good quiz….its highly informative. Highly recommended

  • Anonymous

    great to take the quiz thank you very much i like it and one request please make some expected questions regarding banking gk

  • Anonymous


  • Anonymous

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  • Anonymous

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  • subodh singh

    keep up d gud wrk guys,u r realy up 2 it