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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
[C]Mercosur
[D]Asia-Pacific Trade Agreement

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

Explanation
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
[D]Retrenchment

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?
[A]1
[B]1 & 2
[C]1, 2 & 3
[D]1, 2, 3 & 4

Explanation
6. In which year, the World Bank revised the common international poverty line to $1.25 at the 2005 purchasing power parity?
[A]2006
[B]2007
[C]2008
[D]2009

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

Explanation
8. Which among the following is the India’s research Base in Arctic?
[A]Gangotri
[B]Maitri
[C]Himadri
[D]Bhagirathi

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

Explanation
10. Chaukhtatgyi Buddha, which is the largest reclining Buddha in the world, is located in which among the following countries?
[A]Thailand
[B]Myanmar
[C]Cambodia
[D]Afghanistan

Explanation
11. A village in the plain area of India comes under the Pradhan Mantri Gram Sadak Yojna , if its population is more than ___?
[A]500
[B]1000
[C]1500
[D]2000

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
[C]Goa
[D]Rajasthan

Explanation
13. Which among the following is the Top state in India in terms of Foreign Tourist Visits?
[A]Rajasthan
[B]Goa
[C]Maharastra
[D]Delhi

Explanation
14. With which among the following countries, India has recently signed bilateral Aviation Safety Agreement (BASA)?
[A]Australia
[B]Canada
[C]US
[D]UK

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 ?
[A]Rice
[B]Wheat
[C]Coarse cereals
[D]Maize