Quiz 553: General Socio-Economic Awareness for Bank Exams

1. Consider the following:
1. High food, commodity and energy prices
2. Sovereign debt problems
3. High level of government debt
The Economy of India is facing which among the above problems now a days?
[A]Only 1
[B]1 & 2
[C]2 & 3
[D]1, 2 & 3

2. As per reports published in several business newspapers, which among the following is the largest regional emerging market in the world?
[A]ASEAN–China Free Trade Area
[B]ASEAN–India Free Trade Area
[D]Asia-Pacific Trade Agreement

3. Which among the following is the main industry of MENA region of the World?
[C]Mines and Minerals
[D]Tourism & Hospitality

4. If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following?
[A]Fiscal adjustment
[B]Deficit Financing
[C]Mandatory spending

5. Consider the following:
1. Reverse Repo Rate
2. Cash Reserve Ratio
3. Statutory Liquidity Ratio
4. Bank Rate
An increase in which among the above could raise the interest rates in the market?
[B]1 & 2
[C]1, 2 & 3
[D]1, 2, 3 & 4

6. In which year, the World Bank revised the common international poverty line to $1.25 at the 2005 purchasing power parity?

7. As per the recent Government norms, an Infrastructure debt fund can be established as ____:
1. A trust
2. A company
3. A mutual Fund
Which among the above is/ are correct?
[A]Only 1
[B]1 & 2
[C]2 & 3
[D]1, 2 & 3

8. Which among the following is the India’s research Base in Arctic?

9. Which among the following Pakistani bowler is known to have devised the “Doosra” or second, a style bowled by an off-spinner?
[A]Rashid Latif
[B]Saqlain Mushtaq
[C]Shoaib Akhtar
[D]Waqar Yunuis

10. Chaukhtatgyi Buddha, which is the largest reclining Buddha in the world, is located in which among the following countries?

11. A village in the plain area of India comes under the Pradhan Mantri Gram Sadak Yojna , if its population is more than ___?

12. As per the recent data, which among the following is the top state in terms of number of domestic tourist visits ?
[A]Andhra Pradesh
[B]Uttar Pradesh

13. Which among the following is the Top state in India in terms of Foreign Tourist Visits?

14. With which among the following countries, India has recently signed bilateral Aviation Safety Agreement (BASA)?

15. As per the recent estimates, India’s overall foodgrain production is expected to be 241.56 million tonnes, which is highest ever. Which among the following shares the maximum quantity in this ?
[C]Coarse cereals

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  • varun deshpande


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  • sridhar


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  • HIM

    Hello sir.
    I’ve some doubt in the question no. 5.
    How can the increase in the ‘Reverse Repo Rate’ can cause an increase in the interest rates of banks, because a ‘Reverse repo Rate’ is the rate at which the central bank borrows short term loans from banks.So if this rate is increased , then the money with the commercial banks should increase, same way their interest rates should decrase.

    Please help me out of this confusion. Many thanks.
    Himanshu R.