Quiz 491: GK for Bank PO Examinations

1.Many insurance companies now a days sell the unit linked plans that safeguard the investment of the customer from market fluctuations, so that investments are protected in financially volatile times. The return in these policies are based upon the highest NAV. What does the NAV refer to ?
(A)Nil Asset Variation
(B)Net Asset Variation
(C)Net Asset Value
(D)New Asset Value

2.Which among the following duties is applied by a Government to control the exports of a commodity, so that the commodity can be used by the local markets than in foreign countries?
(A)Custom Duty
(B)Excise Duty
(C)Anti Dumping Duty
(D)Dumping Duty

3.Many a times we read in the newspapers that the Government of India signs DTAA to broaden the scope of article of exchange of information to include exchange of banking information. What does the DTAA refers to here?
(A)Double Taxation Article Agreement
(B)Double Taxation Avoidance Agreements
(C)Double Taxation Avoidance Arrangements
(D)Dual Tax Agreement Arrangement

4.Which among the following gas is used as reference to calculate “Global Warming Potential (GWP)“?
(A)Carbon Dioxide
(D)Nitrogen Di-oxide

5.Many a times we read in the newspapers that in India, while rice (non-basmati) exports are banned, basmati (an aromatic premium rice variety) can be exported without quantitative limits subject to a specified MEP. What does MEP stands for here?
(A)Modified Export Provisions
(B)Maximum Export Permission
(C)Minimum Export Price
(D)Maximum Export Price

6.Which among the following correctly defines Pinaka?
(A)A Multi Barrel Rocket Launcher Developed by DRDO
(B)A Missile Developed by DRDO
(C)A Missile imported from Russia
(D)A rocket launcher developed by France

7.Which among the following decides the Oil Prices in India?
(A)Government of India
(B)Government of Respective States
(C)Ministry of Petroleum
(D)Oil Companies

8.We read in the various newspapers that during the period from June, 2009 to September, 2010, the Ministry of Road Transport and Highways has achieved a target of constructing on an average 12.01 km of National Highways per day. However, this achievement is shorter compared to the target of constructing 20 km of Highways per day. To achieve this target, it is essential that at any given point of time approximately __________ of works are under way. Which among the following fills the blank correctly?
(A)10000 Kilometers
(B)15000 Kilometers
(C)20,000 Kilometers
(D)25,000 Kilometers

9.The State Bank of India (Amendment) Bill-2010, which was passed in the parliament in the later half of 2010, apart from other things, reduces the statutory minimum shareholding of the Central Government in the bank from _____to ______%. Which among the following set of figures fills the blank correctly?
(A)59, 52
(B)55, 51
(C)59, 55
(D)62, 51

10.Many a times we read in the newspapers about a term “Core inflation“. The Core inflation is different from the general inflation because of the following?
(A)Core Inflation is caused by the supply Shock in certain essential commodities
(B)Core Inflation is the sudden increase in certain items of food grains
(C)Core Inflation is the inflation rate of a particular basket of commodities
(D)Core Inflation is just a misnomer

11.Mutual Funds are regulated in India by which among the following?
(C)Stock Exchanges
(D)RBI and SEBI both

12.Bring out the only incorrect statement:
(A)Liquidity Adjustment Facility operates through daily repo and reverse repo auctions
(B)National Housing Bank can lend money to small scale industries towards their working capital
(C)Board for financial supervision is empowered to supervise primary dealers in India
(D)Norms for classifying assets of banks into standard and sub-standard categories are prescribed by RBI

13.Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?
(A)Reserve Bank of India
(B)Department of Agriculture
(D)Department of Finance

14.Which among the following body finalizes the market borrowing programmes of State Governments in India?
(A)State Governments
(B)Reserve Bank of India
(C)Union Ministry of Finance
(D)Planning Commission

15.If there is an increase in the external commercial borrowings in India. What will be the impact on the external debt of the country?
(C)Remain unaffected
(D)Either increase or decrease

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  • Tanuparna Sanyal

    very useful, thanx