CURRENT NEWS & VIEWS

Govt plans social security scheme for unorganised workers

The finance ministry is working on a comprehensive social security insurance scheme for lakhs of workers in the unorganised sector, wherein majority share of the premium would be shared by the govt.

"The scheme seeks to provide life, health and retirement pension schemes under one cover. Through this we are trying to extend insurance penetration to rural areas and millions of unorganised sector labourers."

The ministry is also considering bringing on board various government flagship healthcare and insurance schemes -- National Rural Health Mission (NRHM), Rashtriya Swasthya Bima Yojana (RSBY) and Aam Admi Bima Yojana under the cover.

He said Life Insurance Corporation (LIC) and the four PSU general insurance companies would manage the corpus, wherein the premium would be shared among central and state governments and the beneficiary.

"We are yet to decide on the ratio of premium sharing. Anyway, the government would bear maximum share of the premium under the cover," he said, adding that private sector players could also come forward and join the scheme.

The scheme would be structured in a way so as to have central record-keeping agency (CRA) to maintain individual details.

The plan is part of the ministry's financial inclusion drive to reach out to the poor workers.

India, Nepal ink Double Taxation Avoidance Agreement

India and Nepal have signed a revised Double Taxation Avoidance Agreement (DTAA), which will facilitate exchange of information on banking between the two countries and help prevent tax evasion.

The revised tax treaty was signed by Finance Minister Pranab Mukherjee and his Nepalese counterpart Barshaman Pun in Kathmandu on Sunday.

It will replace an earlier agreement signed between the two countries in 1987. The agreement is also likely to boost confidence of investors and help Nepal attract more investment from India.

India is the biggest source of foreign investments in Nepal, as also its largest trading partner.

However, Nepal accounts for only 0.44 per cent of India’s total trade.

The bilateral trade between the two nations has increased from US Dollar 1.98 billion in 2009-10 to around US Dollar 2.70 billion in 2010-11, registering an increase of 37 per cent.

Indian firms are the biggest investors in Nepal accounting for about 47.5 per cent of total approved foreign direst investment.

Till date India has signed DTAA with 81 countries and Tax Information Exchange Agreements (TIEAs) with five jurisdictions. It has concluded negotiations with 17 jurisdictions for signing of TIEA.

Of the 81 DTAAs, 75 do not have specific paragraph for exchange of banking information. All these 75 DTAAs have been picked up for renegotiation. Renegotiations have been completed in 22 cases.

Indians world's 2nd most confident about economy

Indians have emerged as the second most confident people about their economy, across the world, on account of higher consumption and increased foreign investment, according to a report by research firm Ipsos.

The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.

"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.

The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.

In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.

Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).

The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.

The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).

In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.

Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.

The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.

The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.

Indo-Russia Defence Deals

The partnership between India and Russia in the defence sector is long standing and continues to be progressed on the basis of the mutual interests of both sides.

The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.

No defence deal was signed during the visit of the Russian President to India in December, 2010.

Flood protection Project for Nagpur approved

Govt plans social security scheme for unorganised workers

The finance ministry is working on a comprehensive social security insurance scheme for lakhs of workers in the unorganised sector, wherein majority share of the premium would be shared by the govt.

"The scheme seeks to provide life, health and retirement pension schemes under one cover. Through this we are trying to extend insurance penetration to rural areas and millions of unorganised sector labourers."

The ministry is also considering bringing on board various government flagship healthcare and insurance schemes -- National Rural Health Mission (NRHM), Rashtriya Swasthya Bima Yojana (RSBY) and Aam Admi Bima Yojana under the cover.

He said Life Insurance Corporation (LIC) and the four PSU general insurance companies would manage the corpus, wherein the premium would be shared among central and state governments and the beneficiary.

"We are yet to decide on the ratio of premium sharing. Anyway, the government would bear maximum share of the premium under the cover," he said, adding that private sector players could also come forward and join the scheme.

The scheme would be structured in a way so as to have central record-keeping agency (CRA) to maintain individual details.

The plan is part of the ministry's financial inclusion drive to reach out to the poor workers.

India, Nepal ink Double Taxation Avoidance Agreement

India and Nepal have signed a revised Double Taxation Avoidance Agreement (DTAA), which will facilitate exchange of information on banking between the two countries and help prevent tax evasion.

The revised tax treaty was signed by Finance Minister Pranab Mukherjee and his Nepalese counterpart Barshaman Pun in Kathmandu on Sunday.

It will replace an earlier agreement signed between the two countries in 1987. The agreement is also likely to boost confidence of investors and help Nepal attract more investment from India.

India is the biggest source of foreign investments in Nepal, as also its largest trading partner.

However, Nepal accounts for only 0.44 per cent of India’s total trade.

The bilateral trade between the two nations has increased from US Dollar 1.98 billion in 2009-10 to around US Dollar 2.70 billion in 2010-11, registering an increase of 37 per cent.

Indian firms are the biggest investors in Nepal accounting for about 47.5 per cent of total approved foreign direst investment.

Till date India has signed DTAA with 81 countries and Tax Information Exchange Agreements (TIEAs) with five jurisdictions. It has concluded negotiations with 17 jurisdictions for signing of TIEA.

Of the 81 DTAAs, 75 do not have specific paragraph for exchange of banking information. All these 75 DTAAs have been picked up for renegotiation. Renegotiations have been completed in 22 cases.

India had already signed a revised tax agreement with Switzerland. Under this pact, both the countries would share banking and tax-related information with each other.

Indians world's 2nd most confident about economy

Indians have emerged as the second most confident people about their economy, across the world, on account of higher consumption and increased foreign investment, according to a report by research firm Ipsos.

The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.

"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.

The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.

In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.

Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).

The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.

The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).

In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.

Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.

The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.

The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.

Indo-Russia Defence Deals

The partnership between India and Russia in the defence sector is long standing and continues to be progressed on the basis of the mutual interests of both sides.

The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.

No defence deal was signed during the visit of the Russian President to India in December, 2010.

Flood protection Project for Nagpur approved

The Planning Commission has accorded investment clearance to the scheme the project is estimated to cost Rs 24.37 crore and shall be completed by the financial year 2013-14. The Plan accounts would be closed by 31st March 2014. “Flood Protection Works of Lendi Nalla at Katol Town in Nagpur District of Maharashtra.”

Upon completion the proposed works would minimize inundation of urban area and agriculture fields of Katol town as a result in checking annual damage to infrastructure and agriculture land to the extent of Rs. 7.21 crore. The proposed scheme is likely to benefit an area of 28 ha. of fertile agricultural land.

Govt plans social security scheme for unorganised workers

The finance ministry is working on a comprehensive social security insurance scheme for lakhs of workers in the unorganised sector, wherein majority share of the premium would be shared by the govt.

"The scheme seeks to provide life, health and retirement pension schemes under one cover. Through this we are trying to extend insurance penetration to rural areas and millions of unorganised sector labourers."

The ministry is also considering bringing on board various government flagship healthcare and insurance schemes -- National Rural Health Mission (NRHM), Rashtriya Swasthya Bima Yojana (RSBY) and Aam Admi Bima Yojana under the cover.

He said Life Insurance Corporation (LIC) and the four PSU general insurance companies would manage the corpus, wherein the premium would be shared among central and state governments and the beneficiary.

"We are yet to decide on the ratio of premium sharing. Anyway, the government would bear maximum share of the premium under the cover," he said, adding that private sector players could also come forward and join the scheme.

The scheme would be structured in a way so as to have central record-keeping agency (CRA) to maintain individual details.

The plan is part of the ministry's financial inclusion drive to reach out to the poor workers.

India, Nepal ink Double Taxation Avoidance Agreement

India and Nepal have signed a revised Double Taxation Avoidance Agreement (DTAA), which will facilitate exchange of information on banking between the two countries and help prevent tax evasion.

The revised tax treaty was signed by Finance Minister Pranab Mukherjee and his Nepalese counterpart Barshaman Pun in Kathmandu on Sunday.

It will replace an earlier agreement signed between the two countries in 1987. The agreement is also likely to boost confidence of investors and help Nepal attract more investment from India.

India is the biggest source of foreign investments in Nepal, as also its largest trading partner.

However, Nepal accounts for only 0.44 per cent of India’s total trade.

The bilateral trade between the two nations has increased from US Dollar 1.98 billion in 2009-10 to around US Dollar 2.70 billion in 2010-11, registering an increase of 37 per cent.

Indian firms are the biggest investors in Nepal accounting for about 47.5 per cent of total approved foreign direst investment.

Till date India has signed DTAA with 81 countries and Tax Information Exchange Agreements (TIEAs) with five jurisdictions. It has concluded negotiations with 17 jurisdictions for signing of TIEA.

Of the 81 DTAAs, 75 do not have specific paragraph for exchange of banking information. All these 75 DTAAs have been picked up for renegotiation. Renegotiations have been completed in 22 cases.

India had already signed a revised tax agreement with Switzerland. Under this pact, both the countries would share banking and tax-related information with each other.

Indians world's 2nd most confident about economy

Indians have emerged as the second most confident people about their economy, across the world, on account of higher consumption and increased foreign investment, according to a report by research firm Ipsos.

The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.

"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.

The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.

In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.

Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).

The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.

The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).

In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.

Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.

The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.

The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.

Indo-Russia Defence Deals

The partnership between India and Russia in the defence sector is long standing and continues to be progressed on the basis of the mutual interests of both sides.

The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.

No defence deal was signed during the visit of the Russian President to India in December, 2010.

Flood protection Project for Nagpur approved

The Planning Commission has accorded investment clearance to the scheme the project is estimated to cost Rs 24.37 crore and shall be completed by the financial year 2013-14. The Plan accounts would be closed by 31st March 2014. “Flood Protection Works of Lendi Nalla at Katol Town in Nagpur District of Maharashtra.”

Upon completion the proposed works would minimize inundation of urban area and agriculture fields of Katol town as a result in checking annual damage to infrastructure and agriculture land to the extent of Rs. 7.21 crore. The proposed scheme is likely to benefit an area of 28 ha. of fertile agricultural land.

Gram Nyayalayas in Rajasthan

As per information received from the Government of Rajasthan, 45 Gram Nyayalayas have been notified in the State. Giving this information in written reply to a question in the Rajya Sabha today, Shri Salman Khurshid, Minister for Law & Justice, said that the Department of Justice has released an amount of Rs. 567 lakh to the State Government towards the non-recurring expenditure for setting up these Gram Nyayalayas.

IBPS CLERKS EXAM GENERAL AWARENESS MODEL PAPER

1.What is the per capita forest cover of India ?
1) 0.06 hectare
2) 0.08 hectare
3) 0.1 hectare
4) 0.12 hectare
5) 0.14 hectare

2.The National Green Tribunal headquartered at Delhi will have beneches at all the following places except :
1) Bhopal
2) Pune
3) Kolkata
4) Jaipur
5) Chennai

3.The total remuneration paid to all the board level directors of a company cannot exceed ............ of the company's net profit as per the Companies Act, 1956.
1) 5%
2) 10%
3) 15%
4) 20%
5) 25%

4.How much were exports from Special Economic Zones (SEZs) in 2010-11 ?
1) Rs. 99,689 crore
2) Rs 2,20,711 crore
3) Rs. 3,15,867 Crore
4) Rs. 4,21,254 crore
5) Rs. 5,63,742 crore

5.Which of the following committees submitted its report on human resource issues of public sector banks to the government in October 2011 ?
1) Arun Kumar Purwar
2) Bimal Jalan
3) Anil K. Khandelwal
4) Shyamala Gopinath
5) M.V. Nair

6.Which publishing company owns the Standard & Poor's rating agency ?
1) Financial Times
2) Harper Collins
3) Pearson
4) McGraw-Hill
5) Wall Street Journal

7.Indian Oil has started providing a facility of filling tyres with ............ a superior substitute to air, at its petrol pumps recently
1) Hydrogen
2) Helium
3) Nitrogen
4) Argon
5) Ozone

8.Reliable estimates of employment and unemployment are obtained through quinquennial labour force surveys conducted by National Sample Survey Office (NSSO). How much is India's labour force as per the latest labour survey ?
1) 425 million
2) 475 million
3) 525 million
4) 550 million
5) 600 million

9.As many as 381 Special Economic Zones (SEZs) have been notified by the government as on June 30, 2011. What percentage of land used by the SEZs is waste / barren / dry / industrial, the rest being agricultural ?
1) 94%
2) 82%
3) 73%
4) 67%
5) 45%

10.Which of the following accounts for the highest share in India's foreign exchange reserves?
1) Foreign currency assets
2) Gold reserrves
3) Specia Depository Receipts
4) Reserve position in the IMF
5) None of the above

11.The Comptroller & Auditor General of India (CAG) was appointed as the external audior of which of the following UN-affiliated organisations on September 30, 2011 ?
I) ILO
II) IAEA
III) WIPO
1) I only
2) II only
3) I and II only
4) II and III only
5) III only

12.Which European country introduced world's first fat tax - a surcharge on foods that are high in saturated fat - recently ?
1) France
2) Germany
3) Denmark
4) Holland
5) Greece

13. e-Zameen, a project that authenticates sale of immovable property and reduces time for registration of a sale deed, is an initiative of which state government ?
1) Gujarat
2) Bihar
3) Uttar Pradesh
4) Rajasthan
5) Andhra Pradesh

14.Fresh and Healthy Enterprises LTD (FHEL) is a fully owned subsidiary of which government owned company ?
1) Steel Authority of India
2) Container Corporation of India
3) Shipping Corporation of India
4) National Aluminium Company
5) Balmer Lawrie Ltd

15.According to the Food Safety and Standards Act, Rules and Regulation 2011, which came into effect recently, all Food Business Operators having an annual turnover of ..... or more would need to take license.
1) Rs 5 lakhs
2) Rs 8 lakhs
3) Rs 10 lakhs
4) Rs 12 lakhs
5) Rs 14 lakhs

16.'The Reerve Bank of India Working Group on NBFC Sector Issues and Concerns submitted its report recently. It has recommended a Capital to Risk Weighted Assets Ratio (CRAR) of ...... for all registered NBFCs
1) 9%
2) 10%
3) 11%
4) 12%
5) 13%

17.The Reserve Bank of India (RBI) unveiled guidelines and eligibility criteria for corporates to apply for licenses to set up commercial banks in August 2011. THe bank can lend a maximum of ......... of its funds to companies owned by the licensee.
1) 10%
2) 20%
3) 30%
4) 40%
5) 50%

18.The quarterly industrial outlook survey released by the Reserve Bank of India (RBI) gives an insight into the perception of non - financial public and private limited companies engaged in manufacturing activities about their performance and future prospects. Which of the following has been commissioned by the RBI to conduct Industrial Outlook Survey for the October - December 2011 period recently ?
1) Centre of Monitoring of India Economy (CMIE)
2) National Sampel Survey Office (NSSO)
3) Centre for Research Planning and Action (CERPA)
4) National Council for Applied Economic Research (NCAER)
5) National Foundation for Corporate Governance (NCGF)

19.The Union Environment Ministry has decided to declare Sathyamangalam wildlife sanctuary a 'Tiger Reserve'. The sanctuary is in which state ?
1) Karnataka
2) Andhra Pradesh
3) Tamil Nadu
4) Puducherry
5) Kerala

20.Goa became the first state in the country to launch cashless health insurance scheme "...... Aarogya Bima Yojana" for its entire pouplation in September 2011 ?
1) Shatabdi
2) Rashtriya
3) Nehru
4) Swarnajayanti
5) Sampoorna

21.Who among the following Chief Ministers was in news for the state government's "Beti Bachao Abhiyan" (Save the Girl Child Campaign) to ensure that the state's future populationn maintained a healthy balance in its numbers of boys and girls ?
1) Shivraj S. Chouhan
2) Narendra Modi
3) Nitish Kumar
4) Ashok Gehlot
5) Sheila Dixit

22.Which Indian petroleum company was in news recently for the first hydrocarbon discovery in Sri Lanka ?
1) ONGC
2) Cairn India
3) RIL
4) Essar Oil
5) Videocon Energy

23.Which of the following All India Service celebrated golden jubilee of its establishment India services recently ?
1) Indian Administrative Service
2) Indian Police Service
3) Indian Engineering Service
4) Indian Forest Service
5) indian Economic Serice

24.Which of the following is a private sector bank?
1) Oriental Bank of Commerce
2) Karur Vysya Bank
3) Indian Bank
4) Corporation Bank
5) All the above

25. How much was Reserve Bank of India's (RBI) gross income in 2010-11 ?
1) Rs. 37,070 crore
2) Rs. 32,884 crore
3) Rs 21,150 crore
4) Rs. 15,920 crore
5) Rs 7,782 crore

26.How much were the farm loans disbursed by public financial institutions (commercial banks, regional rural banks and cooperative banks) in 2010-11?
1) Rs 5.81 lakh crore
2) Rs 4.46 lakh crore
3) Rs 3.32 lakh crore
4) Rs 2.27 lakh crore
5) Rs 1.66 lakh crore

27.With which of the following has India Post tied up to provide money transfer service to enable those working abroad to remit money to their dependants in India not having bank accounts ?
1) MoneyGram
2) Western Union
3) PayPal
4) MasterCard
5) VISA

28.Which of the following public sector companies celebrated its Golden Jubilee recently ?
1) Steel Authority of India
2) Container Corporation of India
3) Shipping Corporation of India
4) National Aluminium Company
5) Balmer Lawrie Ltd

29.Who among the following has been appointed as the Goodwill Ambassador of the Rajiv Gandhi Scheme for Empowerment of Adolescent Girls (SABLA) by Ministry of Woemn & Child Development recently ?
1) Priyanka Chopra
2) Sharmila Tagore
3) Kajol
4) Rani Mukherjee
5) Nandita Das

30.India assumed the chairmanship of which of the following international organisations in September 2011 ?
1) G77
2) Non Aligned Movement
3) G24
4) BRICS
5) G20

31.Which public sector bank has won the 'Indira Gandhi Rajbhasha Shield' for 2009-10 in 'Nationalized Banks and other Financial Institutions' category, recently ?
1) Central Bank of India
2) Corporation Bank
3) Union Bank of India
4) Indian Overseas Bank
5) Bank of India

32.Which of the following has entered into an agreement with 'The Green Goverance Programme' of ICICI Bank to implement projects like rainwater harvesting to enhance its biodiversity conservation potential recently?
1) Indian Railways
2) Indian Army
3) Indian Navy
4) Indian Air Force
5) BSF

33.Who is the Chairperson of the Union government appointed Expert Committee on alternative routes for the Sethusamudram Shipping Canal Project (SSCP) ?
1) Rajendra K Pachauri
2) M.S. Swaminathan
3) Vice Admiral V.R. Rao
4) A. Sundaramurthy
5) Madhav Gadgil

34.The State Bank of India (Subsidiary Bank Laws) Amendment Bill, 2011 passed by the Parliament recently will transfer authority over SBI and its subsidiaries from :
1) Central government to the RBI
2) Central government to the public financial institutions
3) RBI to the Central government
4) RBI to the public financial institutions
5) None of the above

35.The Reserve bank of India (RBI) unveiled guidelines and eligibility criteria for corporate India to apply for licenses to get up commercial banks in August 2011. Which of the following statements is / are correct ?
I) Companies applying for banking licenses should not have any income or assets from capital market and real estate businesses
II) Companies applying for banking licenses should have "successful track record" of 10 years
III) THe minimum capital required to set up new banks has been fixed at Rs 500 crore
1) I only
2) I and II only
3) II and III only
4) III and I only
5) I, II and II

36.The Reserve Bank of India (RBI) unveiled guidelines and eligibility criteria for corporate India to apply for licenses to set up commercial banks in August 2011. Which of the following statements regarding existing norms for capital adequacy ratio, foreign shareholding and listing norms is / are correct ?
I) Minimum capital adequacy ratio should be 9%
II) Foreign shareholding (FDI = FII + NRI) is permitted up to 74 per cent
III) Listing of banks on stock exchanges is not compulsory
1) I only
2) I and II only
3) II and III only
4) III and I only
5) I, II and III

37.The Reserve Bank of India (RBI) unveiled guidelines and eligibility criteria for corporate India to apply for licenses to set up commercial banks in August 2011. The new banks will be required to open at least ............. of their branches in unbanked rural centres (population below 10,000).
1) 5 per cent
2) 10 per cent
3) 15 per cent
4) 20 per cent
5) 25 per cent

38.'Profile of Banks 2010-11' - a report on the performance of scheduled commercial banks (SCBs) in 2010-11 - was unveiled by the Reserve Bank of India in September 2011. What was the share of Publi sector banks (PSBs) in deposits and advances made by SCBs in 2010-11 ?
1) 44%, 45%
2) 56%, 55%
3) 67%, 65%
4) 78%, 77%
5) 81%, 80%

39.'Profile of Banks 2010-11' - a report on the performance of scheduled commercial banks (SCBs) in 2010-11 - was unveiled by the Reserve Bank of India in Septeber 2011. Which of the following statements about the performance of thre categories - public sector banks, private sector banks and foreign banks – is / are correct ?
I) Net NPA ratio was highest for public sector banks and lowest for private sector banks
II) Net NPA ratio (for all SBCs) is more than in 2010-11
III) Net NPA ratio (for all SCBs) is 0.97
1) I only
2) I and II only
3) II and III only
4) III and I only
5) I, II and II

40. 'The Reserve Bank of India Working Group on NBFC Sector Issues and Concerns' submitted its report recently. Who is the Chairperson ?
1) Indira Rajaraman
2) Shyamala Gopinath
3) Kalpana Morparia
4) Usha Thorat
5) Roopa Kudva

41.How much was India's GDP growth in the first quarter of the 2011-12 April - Jun (5) ?
1) 6.8%
2) 7.2%
3) 7.7%
4) 8.3%
5) 8.8%

42.Data of India's GDP growth in the first quarter of the 2011 - 12 (April - Jun (5) was released by the government on August 30, 2011. Which of the following statements is / are correct ?
I) Agriculture showed a lower growth in first quarter of 2011-12 compared to the same period in 2010-11
II) Manufacturing and Services showed a higher growth in first quarter of 2011-12 compared to the same period in 2010-11
III) Financing, Insurance Real Estate and Business Servces accounted for the highest share of GDP in first quarter of 2011-12
1) I and II only
2) II only
3) II and III only
4) III only
5) I, II and III

43.Which of the following statements about New Pension System (NPS) is / are correct ?
I) Subscribers get guaranteed rate fo return
II) NPS is open for subscription for government as well as private sector employees
III) FDI upto 26% is permitted in NPS
1) I and II only
2) II only
3) II and III only
4) III only
5) I, II and III

44.How many villages in the country have been covered with telephone connectivity through village public telephones as per information given by Communications Ministry in September 2011 ?
1) 5,60,000
2) 5,80,000
3) 6,10,000
4) 6,30,000
5) 6,50,000

45.Which of the following has launched "Digital Mandi" - a mobile phone application for dissemination of mandi rates of different crops in agricultural produce markets, tot he Indian farmers recently ?
1) Idea Cellular
2) Bharti Airtel
3) BSNL
4) Vodafone
5) Reliance Com

46.Which of the following has launched GOld Index to track the performance of gold prices in the domestic
1) SEBI
2) BSE
3) CRISIL
4) NSE
5) ICRA

47.How many villages int he country have been covered by Banking Serices as on March 31, 2011 as per information given by Finance Ministry on August 30, 2011 ?
1) 34,912 villages
2) 29,569 villages
3) 26,347 villages
4) 22,630 villages
5) 17,925 villages

48.How any persons are employed in micro, small and medium enterprises (MSMEs) sector as per government information in August 2011 ?
1) 373.712 lakh persons
2) 429.281 lakh persons
3) 594.61 lakh persons
4) 611.937 lakh persons
5) 704.219 lakh persons

49.Which of the following has been asked to close down its deposit taking operations by the RBI ?
1) Shriram Transport Finance Company Ltd.
2) Bajaj Finance Ltd.
3) Mahindra & Mahindra Financial Services Ltd.
4) Muthoot Capital Services Ltd.
5) Sahara India Financial Corp.

50. 'The Reserve Bank of India Working Group on NBFC Sector Issues and Concerns' submitted its report recently. WHich of the following recommendations on eligibility criteria for registration of NBFCs is / are correct ?
I) NBFCs should have minimum not owned funds of Rs 2 crore
II) NBFCs should have a minimum asset size of Rs 50 crore
III) Existing NBFCs not satisfying 'minimum net owned funds' and 'minimum asset size' criteria should deregister
1) I only
2) I and II only
3) II and III only
4) III and I only
5) I, II and III

ANSWERS:

1) 4 2) 2 3) 4 4) 2 5) 4 6) 3 7) 3 8) 3 9) 3 10) 4
11) 1 12) 4 13) 2 14) 4 15) 4 16) 4 17) 3 18) 3 19) 4 20) 3
21) 3 22) 4 23) 4 24) 3 25) 4 26) 3 27) 3 28) 2 29) 3 30) 4
31) 4 32) 4 33) 4 34) 4 35) 3 36) 3 37) 3 38) 2 39) 3 40) 4
41) 4 42) 2 43) 4 44) 4 45) 2 46) 4 47) 3 48) 4 49) 3 50) 2

IBPS CWE GENERAL AWARENESS MODEL PAPER

1.Which of the following statements about new RBi policy on bank loans to non-banking finance companies (NBFCs) is / are correct ?
I) Bank loans to NBFCs will not come under 'priority sector' lending
II) NBFCs cannot charge a rate of interest higher than the RBI prescribed rate in lending funds borrowed from banks
III) The interest margin earned by NBFCs in lending funds borrowed from banks cannot exceed the ceiling prescribed by the RBI
1) I only
2) I and II only
3) II only
4) I and III only
5) None of these

2.Which of the following has proposed the setting up of a National Knowledge Functional Hub (NKFH) to facilitate interaction between the industry and institutions of higher education to produce better quality manpower recently ?
1) National Knowledge Commission
2) CII
3) ASSOCHAM
4) FICCI
5) None of these

3.The Reserve bank of India has increased the amount of money that can be loaded on mobile phones (mobile - wallet) to ..... from the existing limit of Rs. 5,000 recently
1) Rs. 10,000
2) Rs. 15,000
3) Rs. 25,000
4) Rs. 50,000
5) None of these

4.What are 'structural adjustment programmes'?
1) Programmes to increase the spread of financial services in developing countries
2) Programmes to improve road safety in developing countries
3) Requirements to qualify for World Bank and IMF loans
4) UN building regulations for disaster preparedness
5) None of these

5.Nuclear plants in India have an 'Exclusion Zone' of .... surrounding the power station, in which no habitation is permitted.
1) 1.6 km
2) 4.2 km
3) 8.4 km
4) 11.6 km
5) None of these

6.Improving regulation of which of the following was the subject of the Finance Ministry appointed KP Krishnan Committee ?
1) Microfinance institutions
2) Mutual funds
3) General insurance companies
4) Credit rating agencies
5) None of these

7. 'Asha' is a low - priced milk food drink introduced for rural consumers by which of the following ?
1) Nestle
2) Cadbury
3) Heinz
4) GlaxoSmithKline
5) None of these

8.ONGC Videsh Ltd (OVL) signed an agreeemtn to acquire 25% stake in the Satpayev oil block in Central Asia recentlyh. Which of the following statements is / are correct ?
I) Satpayev s in Turkmenistan
II) Satpayev is in Black Sea
III) Satpayev is believed to hold 1.75 billion barrels of oil reserves
1) I only
2) I and II only
3) II only
4) III only
5) None of these

9.Which of the following is the new income tax return form for salaried employees introduced by the Finance Ministry recently ?
1) Suvidha
2) Sugam
3) Sahaj
4) Saral
5) None of these

10.The Commerce Ministry has launched 'Buyer's Credit under the National Export Insurance Account (NEIA)' to :
1) Facilitate foreign direct investment in India
2) Facilitate project exports of Indian companies
3) Facilitate acquisitions by Indian companies overseas
4) Facilitate employment of Indian professionals abroad
5) None of these

11.Which of the following banks has launched 'Tiny Cards' with biometric identification to expand the coverage of banking services in rural parts of the country ?
1) ICICI Bank
2) NABARD
3) State Bank of India
4) Bank of India
5) None of these

12.Which of the following statements about IRDA guidelines for distance marketing of products issued recently is / are correct ?
I) Telemarketing of all Unit - Linked Insurance Products (ULIPs) has been disallowed
II) Only telemarketers trained by institutes accredited by IRDA can be employed
III) All telemarketing calls will have to be recorded
1) I only
2) I and II only
3) I and III only
4) II and III only
5) None of these

13.The Bureau of Energy Efficiency labelling is compulsory for all of the following except :
1) Laptops
2) Frost-free refrigerators
3) Tubular fluorescent lamps
4) Ceiling fans
5) None of these

14.What is the investment limit in plant and machinery for classification under Small Scale Industries ?
1) Rs. 10 lakh
2) Rs. 50 lakh
3) Rs. 1 crore
4) Rs. 10 crore
5) None of these

15.The government has recently decided to allow FIIs investment in infrastructure bonds upto ..... annually.
1) $5 billion
2) $ 10 billion
3) $ 15 billion
4) $ 25 billion
5) None of these

16.The term ASBA (Applications Supported by Blocked Amount) is used in which of the following financial services ?
1) General Insurance
2) Capital markets
3) Life Insuracne
4) Micro finance
5) None of these

17.The Government has decided to notify a provision exempting people of salary income up to ..... a year from filing returns
1) Rs. 2 lakh
2) Rs. 2.5 lakh
3) Rs. 4 lakh
4) Rs. 5 lakh
5) None of these

18.Which of the following is the largest mutual fund in India with assets under management (AUM) exceeding Rs. 100,000 crore on March 31, 2011 ?
1) UTI MF
2) HDFC MF
3) Reliance MF
4) birla Sun Life
5) None of these

19.Which of the following identifies and funds social welfare projects under its India Development Marketplace initiative ?
1) IMF
2) USAID
3) Intel
4) World Bank
5) None of these

20.Which of the following has been set up by the government to fund energy saving technologies recently ?
1) National Renewable Energy Fund
2) National Green Energy Fund
3) National Carbon Reduction Fund
4) National Clean Energy Fund
5) None of these

21.Which of the following is the new income tax return form for small businessmen and self-employed professionals introduced by the Finance Ministry recently ?
1) Suvidha
2) Sugam
3) Sahaj
4) Saral
5) None of these

22.A Committee was constituted to review the functioning fo the Central Economic Intelligence Bureau (CEIB) recently. What is the objective of CEIB ?
1) TO gie suggestions for promoting financial inclusion
2) TO compile data for calculating GDP growth and per capita income
3) To gather data on tax evasion and other financial crimes
4) To assist the RBI in formulating monetary policy
5) None of these

23.Mission Document of the National Water Mission (NWM) was approved byt he Union Cabinet recently. Which of the following statements is / are correct ?
I) NWM is one of the constituents of the National Action Plan for Climate Change
II) Improving share of hydroelectricity in country's total energy production is one of the objective of NWM
III) NWM will adjudicate in water sharing disputes involving inter-state rivers
1) I only
2) I and II only
3) I and II only
4) II and III only
5) None of these

24.Which country's 'Zero Kero' LPG programme is being considred for use in India to encourage customers to switch from kerosene to LPG recently ?
1) Thailand
2) Sri Lanka
3) Malaysia
4) Indonesia
5) None of these

25.Which of the folowing was launched by Union Ministry for Youth Affairs and SPorts in association with National Skill Development Corporation (NSDC) at Imphal, Manipur recently?
1) Sports Employability SKill Project
2) Youth Skill Development Project
3) Youth Employability Skill Project
4) Tribal Employability Skill Project
5) None of these

26. Government has decided to introduce biometric ...... to weed out duplicate and fake ones recently
1) Debit cards
2) Passports
3) Driving licenses
4) PAN cards
5) None of these

27.Which country is the single largest source for foreign direct investment to India, accounting for 40 percent of FDI flows in the last ten years, according to the Reserve bank of India ?
1) USA
2) UK
3) Singapore
4) Mauritius
5) None of these

28.The government plans to set up a Green National Accounting (GNA) system to evaluate impact of economic growth on environment. Who has been selected as the Chairperson of the expert group on GNA ?
1) Parthasarathi Shome
2) Madhav Gadgil
3) Partha Dasgupta
4) B. Ulhas Karanth
5) None of these

29.Global Assessment Report (GAR) of which of the following has complimented the Government of India for its National Rural Employment Guarantee Act (NREGA) recently ?
1) European Union
2) ILO
3) IMF
4) UN
5) None of these

30. The regulations pertaining to mergers and amalgamations (M & A) were issued by the Competition Commission of India (CCI) on May 12, 2011. Which of the following statements is / are correct ?
I) Overseas acquisitions of Indina companies with no impact on the domestic market will not come under the ambit of CCI
II) M & A deals that were initiated before June 1, 2011 will not come under the ambit of CCI
III) Scrutiny of all M & A deals will be completed by the CCI within 180 calendar days
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

31.Which of then following statements about foreign investment in Limited Liability Partnership (LLP) companies is / are correct ?
I) FDI will be allowed in LLPs in sectors like mining, power, roads and highways, manufacturing activities, drugs and pharmaceuticals
II) FDI will not be allowed in LLPs engaged in agricultural and plantation activities, print media or real estate business
III) LLPs have been allowed to access external commercial borrowings
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these

32.Which is the first state to introduce e-payment system for commercial tax payers recently ?
1) Maharashtra
2) Uttarakhand
3) Karnataka
4) Madhya Pradesh
5) None of these

33.Which of the following is not among the industries / sectors given priority in natural gas supply in the country ?
1) Fertiliser
2) LPG
3) Steel
4) Power
5) None of these

34.Where was the World Spice Organisation (WSO) set up recently ?
1) Kannur
2) Kochi
3) Kollam
4) Kottayam
5) None of these

35.Which of the following submitted a report titled 'Social Protection for a Changing India' - a comprehensive review of anti-poverty schemes such as PDS, MGNREGS, RSBY and IAY recently ?
1) World Economic Forum
2) CMIE
3) World Bank
4) IMF
5) None of these

36.Which of the following not one of the objectives of setting up the Warehousing Development and Regulatory Authority ?
1) To improve farm sector yiled
2) To enable farmers to avail of loans against foodgrains stored
3) To reduce post-harvest losses in foodgrain storage
4) To prevent post-harvest distress sales by farmers
5) None of these

37.The government approved the revival of Scooters India Limited (SIL) through induction of a joint venture partner recently. SIL sells scooters under which trademark ?
1) Mayur
2) Bharat
3) Vijay
4) Vikram
5) None of these

38.The Petroleum Conservation and Research Association (PCRA) has unveiled plans to set up India's first Carbon Credit Aggregation Centre (CCA) in which state ?
1) Himachal Pradesh
2) Uttarakhand
3) Rajasthan
4) Chhattisgarh
5) None of these

39.Which sectors were added to the list of six 'core sector infrastructure industries' recently?
I) Water supply
II) Natural gas
III) Fertilisers
1) I only
2) I and II only
3) II only
4) III and II only
5) None of these

40.Bina Refinery is a joint venture of Bharat Petroleum and ........ Oil Company to set up a 6 MMTPA grass root refinery at Bina in Madhya Pradesh.
1) Shell
2) Qatar
3) Emirates
4) Oman
5) None of these

41.A high level committee of Bankers submitted its report on Rural Housing recently. Which of the following statements regarding its recommendations for Below the Poverty Line (BPL) Households is / are correct ?
I) Allocation of grants for construction of rural housing units for BPL Households should be increased to Rs. 75,000 per dwelling unit
II) Repayment period should be reduced to ten years
III) BPL households should be provided a loand of Rs. 50,000 at 4% rate of interest
1) II only
2) I and II only
3) II only
4) III and I only
5) None of these

42.'Aichi Targets' refers to which of the following?
1) Trade
2) Education
3) Nuclear safety
4) Environment
5) None of these

43.Scheduled commercial banks do not require permission from the Reserve bank of India for opening new branches in towns with population less than .........
1) 49,999
2) 99,999
3) 2,49,999
4) 4,99,999
5) None of these

44.The National Rural Livelihoods Mission (NRLM) was launched recently. Which of the following statements is / are correct ?
I) NRLM seeks to bring the rural poor under the Self Help Group (SHG) network
II) Services of Business Correspondents (BCs) will be utilised to spread the concept of NRLM
III) NLRM will facilitate access of bank credit to those covered under the Mission
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these

45.A committee headed by RBI deputy governor Shyamala Gopinath has recommended a 'holding company' structure for both banking and nonbanking financial groups recently. Which of the following statements is / are correct ?
I) Both the holding company as well as the subsidiaries can be listed on stock exchange
II) The subsidiaries will own equity stake in the holding company
1) II only
2) I and II only
3) I only
4) All of these
5) None of these

46.Which Indian corporate group has decided to enter the financial services business in a tie up with D.E. Shaw of the US ?
1) AV Birla Group
2) Wipro Ltd
3) Mahindra & Mahindra
4) RIL
5) None of these

47.The Reserve Bank of India (RBI) recently relaxed the eligibility norms for using credit default swaps (CDS) on corporate bonds. What are CDS ?
1) A form of loan that can be taken by pledging shares of a company
2) A form of credit rating that compares companies on their cash flow
3) A form of insurance that protects the lender in case of loand default
4) A form of loan that can be converted into equaity
5) None of these

48.Which of the following statements is /a re correct about Indian Depository Receipts (IDRs) ?
1) They are issued by Indian companies to raise funds from overseas stock markets
2) They are issued by foreign companies to raise funds from Indian stock markets
3) They are denominated in foreign currency
4) None of the above
5) None of these

49.Which is the first state in the country to sign an agreement with the World Bank for securing carbon credits for its 'Clean Development Mechanism' (CDM) recently ?
1) Sikkim
2) Uttarakhand
3) Jammu Kashmir
4) Himachal Pradesh
5) None of these

50. From which state was the National Rural Livelihood Mission launched recently ?
1) Kerala
2) Maharashtra
3) Haryana
4) Rajasthan
5) None of these

ANSWERS:
1) 1 2) 4 3) 4 4) 3 5) 1 6) 4 7) 4 8) 4 9) 3 10) 2
11) 3 12) 4 13) 1 14) 3 15) 4 16) 2 17) 4 18) 3 19) 4 20) 4
21) 2 22) 3 23) 1 24) 4 25) 3 26) 4 27) 4 28) 3 29) 4 30) 4
31) 2 32) 3 33) 3 34) 2 35) 3 36) 1 37) 4 38) 3 39) 4 40) 4
41) 2 42) 4 43) 1 44) 4 45) 2 46) 4 47) 3 48) 2 49) 4 50) 4

IBPS CLERKS EXAM GENERAL AWARENESS MODEL PAPER

1. From which state was the Janani 0 Shishu Suraksha Karyakram (JSSK) of the Ministry of Health and Family Welfare launched recently ?
1) Kerala
2) Maharashtra
3) Haryana
4) Rajasthan
5) None of these

2. RBI has decided to release a Rs. 5 coin mark 1000 years of which temple recently ?
1) Sabarimala Temple
2) Kashi Vishwanath Temple, Varanasi
3) Brihadeeswara Temple, Thanjavur
4) Vaishno Devi Temple
5) None of these

3. Which of the following approved $ 1 billion loan for the National Ganga River Basin Project recently ?
1) UNEP
2) ADB
3) World Bank
4) All above jointly
5) None of these

4. The revised estimates of national income for the financial year 2010-11 were released by the Central Statistical Organisation (CSO) on May 31, 2011. Which of the following statements is / are correct ?
I) Gross Domestic Product (GDP) at factor cost at 2004-05 prices is Rs. 4877842 crore
II) Per Capita GDP at factor cost at 2004-05 prices is Rs. 38,247
III) Per Capita Net National Incoem (NNI) at factor cost at 2004-05 prices is Rs. 35,917
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these

5. The government has set up ......... Vidyut Vyapar Nigam' as the Central Agency to purchase solar power from the developers and sell it to distribution companies such as state electricity boards.
1) BHEL
2) NHPC
3) REC
4) NTPC
5) None of these

6. The Reserve Bank of India (RBI) announced a change in its overseas direct investment guidelines to give Indian companies more flexibility in managing international joint ventures (JVs) and wholly-owned subsidiaries. Which of the following statements is / are correct ?
I) Listed companies will be allowed to write off 25 per cent capital, loans and other receivables such as royalty and management fee of their JVs and wholly-owned subsidiaries without seeking RBI permission
II) These guidelines will be applicable for JVs in which Indian promoters own at least 51 per cent
III) Existing regulations allow restructuring of balance sheets only for winding - up of JVs and wholly - owned subsidiaries abroad
1) II only
2) I and II only
3) III and I only
4) I, II and III
5) None of these

7. Which public sector bank is associated witht he launch of India's first Gramin Bank (Rural Bank) ATM Card in asociation with Vranasi - based Kashi Gomti Samyut Gramin Bank and National Payments Corporation of India (NPCI) recently ?
1) Allahabad Bank
2) SBI
3) Canara Bank
4) UBI
5) None of these

8. The government announced the setting up of a special wing - Directorate of Income Tax (Criminal Investigation) - to investigate criminal offences under direct tax laws recently. Which of the following statements is / are correct ?
I) It will work under the purview of Enforcement Directorat
II) It will cover evasion of income tax and corporate tax
III) It will cover evasion of excise and customs duties
1) I only
2) I and II only
3) II only
4) III only
5) None of these

9. Which of the following is not among the five-fold strategy adopted by the government to tackle the menace of illicit funds ?
1) Joining global crusade against 'black money'
2) Creating an appropriate legislative framework
3) Setting up institutions for dealing with Illicit Funds
4) Offering amnesty schemes to bring back black money
5) None of these

10. The National Food Security Mission (NFSM) does not cover :
1) Rice
2) Coarse Cereals
3) Pulses
4) All the above
5) None of these

11. Which of the following statements about rules governing the New Pension Scheme (NPS) is / are correct ?
I) Fund managers under NPS can be from public sector as well as private sector
II) NPS funds cannot be invested in equity markets
III) Both government and private sector employees can invest in NPS
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these

12. SCORES is a complaints redressal system launched by :
1) SEBI
2) IBA
3) CBDT
4) CCI
5) None of these

13. Direct tax collections account for what share of GDP in India ?
1) 9.26 per cent
2) 7.62 per cent
3) 5.66 per cent
4) 4.72 per cent
5) None of these

14. The government has increased the duty - free import quota for garments from which neighbouring country by two million pieces to 10 million recently ?
1) Nepal
2) Bangladesh
3) Myanmar
4) Bhutan
5) None of these

15. The Committee set up to review the functioning of the National Small Savings Fund (NSSF) submitted its report to the Finance Ministry recently. Which of the following statements is / are correct ?
I) It has recommended an increase in the ceiling on annual subscriptions in Public Provident Fund (PPF).
II) It has recommended an upward revision of the rate of interest in Post Office Saving Account from 3.5% to 4%.
III) It has recommended in increae in the compulsory investment of net small savings collections in State Government Securities
1) I only
2) I and II only
3) II and III only
4) I and III only
5) None of these

16. Which of the following statements regarding recent changes in the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is / are correct ?
I) Age limit for identification of beneficiaries has been lowered
II) 60 years is the new age limit for identification of beneficiaries
III) Monthly pension has been increased for al beneficiaries
1) I only
2) I and II only
3) II only
4) I, II and III
5) None of these

17. The draft National Manufacturing Policy was given in - principle approval by a High Level Committee on Manufacturing, held under the Chairmanship of the Prime Minister recently. Which of the following statements is / are correct ?
I) The objective is to generat 100 million additional jobs by 2025
II) The objective is to raise the share of manufacturing in GDP to 30% by 2025
III) Manufacturing Industry Promotion Board (MIPB) should be set up to facilitate overseas investments by Indian companies
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

18. The government announced certain changes in the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) recently. Which of the following statements is / are correct ?
I) More than 3 crore persons are covered under the IGNOAPS currently
II) Total additional requirement of funds for implementing the changes will be Rs. 2,770 crore in 2011-12
II) Age limits for windows and disabled covered under the scheme has been lowered
1) I only
2) I and II only
3) II only
4) II and III only
5) None of these

19. The National Broadband Plan is aimed at rolling out broadband infrastructure to every village with more than ...... people.
1) 500
2) 1000
3) 1500
4) 2000
5) None of these

20. The new series of the Index of Industrial Production (IIP) was unveiled recently. Which of the following statements is / are correct ?
I) 2004-05 will be the base year
II) The weight of manufacturing in the new IIP has been increased
III) The weight of mining and electricity has been reduced in the new IIP
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

21. The government replaced the Duty Entitlement Pass Book [DEP(2)] scheme of export promotion replaced with Duty Drawback scheme on September 30. Which of the following statements is / are correct?
I) DEPB was a reimbursement of Customs duty paid by an exporter on an imported input used in the export product
II) DEPB was a cashless export promotion scheme
III) DEPB was administered by the revenue department of Finance Ministry
1) I only
2) I and II only
3) II and III only
4) III and I only
5) None of these

22. What is the interest rate in 2011-12 on fresh loans for farmers who have repaid their previous short - term loans on time ?
1) 3%
2) 4%
3) 5%
4) 6%
5) None of these

23. Which of the following indexes was coined by economist Arthur Okun ?
1) Corruption Perception Index
2) Network Readiness Index
3) Terrorism Risk Index
4) Misery Index
5) None of these

24. Which of the following category of workers were included under the Rashtriya Swasthya Bima yojana (RSBY) recently ?
1) Railway porters
2) Beedi workers
3) Carpenters
4) Masons
5) None of these

25. Which of the following have been disallowed from opening branches abroad by the RBI recently ?
1) Private sector banks
2) Pension Funds
3) Cooperative banks
4) NBFCs
5) None of these

26. Which of the following is the power excahnge being set up by NPTC ?
1) Bharat Power Exchange Ltd
2) National Power Exchange Ltd
3) Power Exchange India Ltd
4) None of the above
5) None of these

27. India has filed an application for an extension of its Exclusive Economic Zone (EEZ) from ...... nautical miles to ............. nautical miles with the United Nations Commission on the Law fo the Sea
1) 100, 300
2) 200, 250
3) 100, 250
4) 200, 350
5) None of these

28. Which was India's best performing state during 1980-2004 in terms of productivity of the organised manufacturng sector, according to a RBI sponsored study unveiled recently ?
1) Bihar
2) Tamil Nadu
3) Karnataka
4) Haryana
5) None of these

29. What was the insurance penetration (percentage of insurance premium to Gross Domestic Product) in India in 2009 according to figures released by the Finance Ministry in August 2011 ?
1) 3.14
2) 4.80
3) 4.70
4) 5.39
5) None of these

30. Indian - mining companies have bid for a stake in Hajigak ..... ore mines in Afghanistan
1) Bauxite
2) Copper
3) Iron
4) Coal
5) None of these

31. India and ir Lanka signed a MoU to develop the ....... port in July 2011
1) Kankesanthurai
2) Hambantota
3) Trincomalee
4) Galle
5) None of these

32. The establishment of Serious Fraud Investigation Office to tackle white collar crimes is based on the recommendations of :
1) Vepa kamesam committee
2) J. Venkateswarlu committee
3) Jaydeep N. Shah committee
4) Nilesh S. Vikamsey committee

33. 'Sukhi Griha Parikalpana' is a housing welfare scheme for rehabilitation of slum dwellers launched by which central government ministry?
1) Railway
2) Rural Development
3) Urban Development
4) Labour & Employment
5) None of these

34. A draft policy on foreign direct investment (FDI) in multi-brand retail was unveiled by a committee of secretaries (CoS) in July 2011. Which of the following statements regarding current FDI policy in retail is / are correct ?
I) FDI upto 10% is permitted in multi-brand retail.
II) 100% FDI is permitted in cash & carry wholesale trade
III) FDI upto 51% is permitted in single - brand retail
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

35. The government approved the acquisition of ...... Commercial and International Bank Ltd.' by ........ was approved by the government in July 2011.
1) State Bank of India
2) Bank of India
3) Axis Bank
4) ICICI
5) None of these

36. What is the base year of the new series of Consumer Price Indices (CPI) for rural, urban and combined introduced by the govenment in January, 2011 ?
1) 2005
2) 2007
3) 2008
4) 2010
5) None of these

37. Which of the following was imposed a penalty of Rs. 55.5 crore for abusing its dominant position in the currency derivative (CD) market in June 2011 ?
1) National Stock Exchange
2) MCX-SX
3) Bombay Stock Exchange
4) OTCEI
5) None of these

38. Use of the which of the following softwares in reporting financial results of companies was made compulsory by the government recently?
1) XBRL
2) Tally
3) HTML

5) None of these

39. What is the minimum time of operation an insurance company is required to launch an initial public offer (IPO) ?
1) 3 years
2) 5 years
3) 7 years
4) 10 years
5) None of these

40. The Finance Ministry recently unveiled the structure of the infrastructure debt funds (IDFs) proposed in Budget 2011-12. Which of the following statements is / are correct ?
I) IDF can be set up as a mututal fund (MF)
II) IDF can be set up as a non - banking finance company (NBFC)
III) IDF can be regulated by RBI or SEBI
1) I and II only
2) II only
3) II and III only
4) I, II and III
5) None of these

41. The securities and Exchange Board of India (SEBI) announced key changes int he Takeover Code governing mergers and acquisitions of companies in the country in July 2011. According to the new rules an investor whose shareholding in a company exceeds a certain limit will have to make an open offer to acquire a further ..... of the shareholding of the company
1) 18%
2) 20%
3) 24%
4) 26%
5) None of these

42. The comprehensive economic partnership agreement (CEPA) between India and Japan came into effect on August 1, 2011. This is India's third CEPA after .......
1) USA and United Kingdom
2) Singapore and South Korea
3) Malaysia and Thailand
4) China and Hong Kong
5) None of these

43. The European Union has decided to lift restrictions on India's export of which of the following passing through European ports ?
1) Processed food
2) Cheap medicines
3) Arms and Ammunition
4) Radioactive waster
5) None of these

44. Which state has the highest slum population in India according to Housing and Urban Poverty Alleviation Ministry ?
1) Maharashtra
2) Andhra Pradesh
3) Uttar Pradesh
4) West Bengal
5) None of these

45. What is India's Per Capita Income at current prices in 2010-11 ?
1) Rs. 41,532
2) Rs. 45,278
3) Rs. 49,294
4) 54.835
5) None of these

46. What is the share of Micro, Small and Medium Enterprises (MSMEs) in India's industrial production ?
1) 8.72%
2) 16.18%
3) 24.67%
4) 44.86%
5) None of these

47. The M. Damodaran committee on customer services by banks has suggested sweeping changes in banking practices in its report submitted to the Reserve Bank of India (RBI) in August 2011. Which of the following statements regarding its recommendations is / are correct ?
I) There should be a common customer service call centre for all banks
II) Insurance cover for deposits should be raised to Rs 500, 000 from Rs 100,000 now
III) Banks should offer savings accounts with facilities like cheque facility, ATM card, etc without prescribing a minimum balance requirement
1) I only
2) I and II only
3) II and III only
4) I, II and III

48. The State Bank of India (Subsidiary Banks Laws) Amendment Bill 2009 was passed by the Lok Sabha on August 11, 2011. Which of the following statements is / are correct ?
I) It allows subsidiary banks of State Bank of India (SBI) to raise capital through public issue route or through preferential allotment of equity shares
II) It authorises the Centre to approve increase in or reduction of the authorised capital of a subsidiary bank
III) It permits the SBI Chairman to nominate an official of the State Bank or the subsidiary bank as the Chairman of the Board of a subsidiary bank
1) I only
2) I and II only
3) II and III only
4) I, II and III
5) None of these

49. Which of the following is / are sold below market price to consumers in India ?
1) Kero sene
2) Diesel
3) LPG
4) All the above
5) None of these

50. The Standing Committee on Petroleum and Natural Gas in its report submitted on August 3, 2011 has called for an end to sale of subsidised domestic cooking gas (LPG) for people with income of more than ....... per annum.
1) Rs 2 lakh
2) Rs 3 lakh
3) Rs 4 lakh
4) Rs 6 lakh
5) None of these

ANSWERS:
1) 3 2) 3 3) 3 4) 4 5) 4 6) 4 7) 4 8) 3 9) 4 10) 2
11) 4 12) 1 13) 3 14) 2 15) 2 16) 2 17) 1 18) 4 19) 1
20) 1 21) 2 22) 3 23) 4 24) 2 25) 4 26) 2 27) 4 28) 1 29) 4
30) 3 31) 1 32) 1 33) 1 34) 4 35) 1 36) 4 37) 1 38) 1 39) 4 40) 4
41) 4 42) 2 43) 2 44) 1 45) 4 46) 4 47) 4 48) 4 49) 4 50) 4

IBPS CLERKS EXAM COMPUTER KNOWLEDGE PRACTICE MODEL PAPER

1. The instructions that tell a computer how to carry out the processing tasks are referred to as computer .........
1) programs
2) processors
3) input devices
4) memory modules
5) None of these


2. An area of a computer that temporarily holds data waiting to be processed is ..........
1) CPU
2) Memory
3) Storage
4) File
5) None of these

3. To select or unselect one word to the right
1) CTRL + SHIFT
2) CTRL + SHIFT + UP Arrow
3) CTRL + SHIFT + Down Arrow
4) CTRL + SHIFT + Right Arrow
5) None of these

4. To maximize or restore a selected window
1) CTRL + F7
2) CTRL + F10
3) CTRL + F8
4) CTRL + F9
5) None of these

5. To Copy a picture of the selected window to the clipboard
1) ALT + TAB
2) Ctrl + TAB
3) ALT + Print Screen
4) Both (1) and (2)
5) None of these

6. .......... is the key to close a selected drop - down list; cancel a comm-and and close a dialog box.
1) TAB
2) SHIFT
3) ESC
4) F10
5) None of these

7. ......... is the key we use to run the selected command.
1) SHIFT
2) TAB
3) ENTER
4) CTRL
5) None of these

8. ............ is the functional key to display save-as box.
1) F5
2) F6
3) F9
4) F12
5) None of these

9. ............ is the combination of keys to switch between the last four places that you have edited
1) ALT + CTRL + Z
2) ALT + CTRL + Y
3) ALT + TAB + Z
4) ALT + SHIFT + Z
5) None of these

10. ............ is the Keyboard shortcut key to insert auto sum
1) ALT
2) ALT=
3) ALT+
4) ALT–
5) ALT+CTRL

11. Data becomes ................ when it is presented in a format that people can understand and use
1) processed
2) graphs
3) information
4) presentation
5) None of these

12. The term ............. designates equipment that might be added to a computer system to enhance its functionality.
1) digital device
2) system add-on
3) disk pack
4) peripheral device
5) None of these

13. A ............ is a microprocessor - based computing device.
1) personal computer
2) mainframe
3) workstation
4) server
5) None of these

14. RAM can be thought of as the ......... for the computer's processor
1) factory
2) operating room
3) waiting room
4) planning room
5) None of these

15. Which of the following are the functions of a operating system
1) Allocates resources
2) Monitors Activities
3) Manages disks and files
4) All of the above
5) Only 1 and 2

16. To move a copy of file from one computer to another over a communication channel is called ?
1) File transfer
2) File encryption
3) File modification
4) File copying
5) None of these

17. The primary function of the ............ is to set up the hardware and load and start an operating system
1) System Programs
2) BIOS
3) CP
4) Memory
5) None of these

18. What kind of memory is both static and non - volatile ?
1) RAM
2) ROM
3) BIOS
4) CACHE
5) 5) None of these

19. .......... is computer software designed to operate the computer hardware and to provide platform for running application software
1) Application software
2) System software
3) Software
4) Operating system
5) None of these

20. The ......... is the amount of data that a storage device can move from the storage medium to the Computer per second
1) data migration rate
2) data digitizing rate
3) data transfer rate
4) data access rate
5) None of these

21. A device, which is not connected to CPU, is called as .......
1) land-line device
2) On-line device
3) Off-line device
4) Device
5) None of the above

22. What is the other name for programmed chip?
1) RAM
2) ROM
3) LSIC
4) PROM
5) None of these

23. On-line real time systems become popular in ........... generation
1) First Generation
2) Second Generation
3) Third Generation
4) FOurth Generation
5) None of thes

24. You use a(n) ....., such as a keyboard or mouse, to input information
1) output device
2) input device
3) storage device
4) processing device
5) None of these

25. ............ is the ability of a device to "jump" directly to the requested data
1) Sequential access
2) Random access
3) Quick access
4) All of the above
5) None of these

26. ............ provides process and memory management services that allow two or more tasks, jobs, or programs to run simultaneously
1) Multitasking
2) Multithreading
3) Multiprocessing
4) Multicoputing
5) None of these

27. The task of performing operations like arithmetic and logical operations is called ......
1) Processing
2) Storing
3) Editing
4) Sorting
5) None of these

28. The ALU and Control Unit joinly known as
1) RAM
2) ROM
3) CPU
4) PC
5) None of these

29. RAM is an example of
1) Secondary memory
2) Primary memory
3) Main memory
4) Both (1) and (2)
5) None of these

30. Magnetic disk is an example of
1) Secondary memory
2) Primary meory
3) Main memory
4) Botha (1) and (2)
5) None of these

31. Which one of the following is NOT a computer language /
1) MS-Excel
2) BASIC
3) COBOL
4) C++
5) None of these

32. Each memory cell has a unique number, assigned to it is called as the ....... of the cell
1) Address
2) Register
3) Number
4) Path
5) None of these

33. RAm is also called as
1) Read / Write Memory
2) Long Memory
3) Permanent Memory
4) Primary Memory
5) None of these

34. ............ Store data or information temporarily and pass it on as directed by the control unit
1) Address
2) Register
3) Number
4) Memory
5) None of these

35. Select the Odd one
1) Operating system
2) Interpreter
3) Compiler
4) Assembler
5) None of these

36. A ............ is an additional set of commands that the computer displays after you make a selection from the main menu
1) dialog box
2) submenu
3) menu selection
4) All of the above
5) None of these

37. COBOL is an acronym for .............
1) Common Business Oriented Language
2) Computer Business Oriented Language
3) Common Business Operated Language
4) Common Business Organized Language
5) None of these

38. All of the following are examples of real security and privacy risks EXCEPT
1) hackers
2) Spam
3) viruses
4) identity theft
5) None of these

39. Which of the following is NOT one of the four major data processing functions of a computer?
1) gathering data
2) processing data into information
3) analyzing the data or information
4) storing the data or information
5) None of these

40. All of the following are examples of storage devices EXCEPT :
1) hard disk drives
2) printers
3) floppy disk drives
4) CD drives
5) Pen drives

41. The CPU and memory are located on the :
1) expansion board
2) motherboard
3) storage device
4) output device
5) display board

42. .............. is the science that attempts to produce machines that display the same type of intelligence that humans do
1) Nanoscience
2) Nanotechnology
3) Simulation
4) Aritificial intelligence (Al)
5) None of these

43. Servers are computers that provide resources to other computers connected to a :
1) networkd
2) mainframe
3) supercomputer
4) client
5) internet

44. When creating a computer program, the ......... designs the structure of the program
1) End user
2) System Analyst
3) Programmer
4) All of the above
5) None of these

45. A computer program that converts an entire program into machine language at one time is called a/ an
1) interpreter
2) simulator
3) characters
4) numbers
5) None of these

46. Computers process data into information by working exclusively with :
1) multimedia
2) words
3) characters
4) numbers
5) None of these

47. The difference between people with access to computers and the Internet and those without this access is known as the :
1) digital divide
2) Internet divide
3) Web divide
4) broadband divide
5) None of these

48. Computers manipulate data in many ways, and this manipulation is calld ......
1) upgrading
2) processing
3) batching
4) utilizing
5) None of these

49. The ability to recover and read deleted or damaged files from a criminal's computer is an example of a law enforcement speciality called:
1) robotics
2) simulation
3) computer forensics
4) animation
5) None of these

50. Where does most data go first with in a computer memory hierarchy ?
1) RAM
2) ROM
3) BIOS
4) CACHE
5) None of these

ANSWERS:
1) 1 2) 2 3) 4 4) 2 5) 3 6) 3 7) 3 8) 4 9) 1 10) 2
11) 3 12) 4 13) 1 14) 3 15) 4 16) 1 17) 2 18) 2 19) 2
20) 3 21) 3 22) 2 23) 3 24) 2 25) 2 26) 1 27) 1 28) 3 29) 2 30) 1
31) 1 32) 1 33) 1 34) 2 35) 1 36) 1 37) 1 38) 2 39) 3 40) 2
41) 2 42) 4 43) 2 44) 2 45) 3 46) 4 47) 1 48) 2 49) 3 50) 1