Active Market
This is a term used by stock exchange which specifies the particular stock or share which deals in frequent and regular transactions. It helps the buyers to obtain reasonably large amounts at any time.
Administered Price
The administrative body e.g., the government a marketing board or a trading group determines this price. The competitive market force are not entitled to determine this price. The government fixes a price in accordance with demand supply portion in the market.
Ad-valorem Tax
Ad-valorem tax is a kind of indirect tax in which goods are taxed by their values. In the case of ad-volorem tax, the tax amount is calculated as the proportion of the price of the goods. Value added Tax (VAT) is an ad-volorem Tax.
Advanced Countries
Advanced countries are countries which are industrially advanced, having high national and per capita income and ensure high rate of capital formation. These countries possess highly developed infrastructure and apply most updated and advanced technical know-how in their productive activities. A strong and well organised financial structure is found in these advanced countries.
Amalgamation
It means ‘merger’. As and when necessity arises two or more companies are merged into a large organisation. This merger takes place in order to effect economies, reduce competition and capture market. The old firms completely lose their identity when the merger takes place.
Appreciation
Appreciation means an increase in the value of something e.g., stock of raw materials or manufactured goods. It also includes an increase in the traded value of a currency. It is the antonym of Depreciation. When the prices rise due to inflation, appreciation may occur. It causes scarcity or increase in earning power.
Arbitrage
When a person performs functions of middle man and buys and sells goods at a particular time to cash the price differences of two markets, this action is termed as arbitrage. Purchases are made in the market where price is low and at the same time, goods are sold in other market where the price are high. Thus the middleman earns profit due to price difference in two markets.
Arbitration
Where there is an industrial dispute, the Arbitration comes to the force. The judgement is given by the Arbitrator. Both the parties have to accept and honour the Arbitration. Arbitration is the settlement of labour disputes that takes place between employer and the employees.
Auction
When a commodity is sold by auction, the bids are made by the buyers. Whose ever makes the highest bid, gets the commodity which is being sold. The buyers make the bid
taking into consideration the quality and quantity of the commodity.
Autarchy
If a country is self-sufficient, it does not require the imports for the country. Autarchy is an indicator of self-sufficiency. It means that the country itself can satisfy the needs of its population without making imports from other countries.
Automation
Automation means the use of machinery & technology to replace the labour’s work. Automation increases the demand of skilled workers. Unskilled and semiskilled workers are reduced as a result of automation.
Balanced Budget
When the total revenue of the government exactly equals the total expenditure incurred by the government, the budget becomes a balanced budget. But it is a conservative view point. In present days, the welfare government has to regulate a number of economic and social activities which increase the expenditure burden on the government and results in deficit budget.
Balance of Payment
Balance of payment of a country is a systematic record of all economic transactions completed between its residents and the residents of remaining world during a year. In other words, the balance of payment shows the relationship between the one country's total payment to all other countries and its total receipts from them. Balance of payment is a comprehensive term which includes both visible and invisible items. Balance of payment not only include visible export and imports but also invisible trade like shipping, banking, insurance, tourism, royalty, payments of interest on foreign debts.
Balance of Trade
Balance of trade refers to the total value of a country's export commodities and total value of imports commodities. Thus balance of trade includes only visible trade i.e., movement of goods (exports and imports of goods). Balance of trade is a part of Balance of payment statement.
Balance Sheet
Balance sheet is a statement showing the assets and liabilities of a business at a certain date. Balance sheet helps in estimating the real financial situation of a firm.
Bank
Bank is a financial institution. It accepts funds on current and deposit accounts. It also lends money. The bank pays the cheques drawn by customers against current and deposits accounts. The bank is a trader that deals in money and credit.
Bank Draft
Banker's draft is a negotiable claim drawn upon a bank. Drafts are as good as cash. The drafts cannot be returned and unpaid. Draft is issued when a customer shows his unwillingness to accept cheque in payment for his services or mercantile goods. Bank Draft is safer than a cheque.
Bank Rate
Bank Rate is the rate of discount at which the central bank of the country discounts first class bills. It is the rate of interest at which the central bank lends money to the lower banking institutions. Bank rate is a direct quantitative method of credit control in the economy.
Bilateralism
It implies an agreement between two countries to extend to each other specific privileges in their international trade which are not extended to others.
Birth Rate
Birth Rate (or Crude Birth Rate) is number of the births per thousand of the population during a period, usually a year. Only live births are included in the calculation of birth rate.
Black Money
It is unaccounted money which is concealed from tax authorities. All illegal economic activities are dealt with this black Money. Hawala market has deep roots with this black money. Black money creates parallel economy. It puts an adverse pressure on equitable distribution of wealth and income in the economy.
Blue Chip
It is concerned with such equity shares whose purchase is extremely safe. It is a safe investment. It does not involve any risk.
Blue Collar Jobs
These Jobs are concerned with factory. Persons who are unskilled and depend upon manual jobs that require physical strain on human muscle are said to be engaged in Blue Collar Jobs. In the age of machinery, such Jobs are on the decline these days.
Brain-Drain
It means the drift of intellectuals of a country to another country. Scientists, doctors and technology experts generally go to other prominent countries of the world to better their lot and earn huge sums of money. This Brain-Drain deprives a country of its genius and capabilities.
Bridge Loan
A loan made by a bank for a short period to make up for a temporary shortage of cash. On the part of borrower, mostly the companies for example, a business organization wants to install a new company with new equipments etc. while his present installed company / equipments etc. are not yet disposed off. Bridge loan covers this period between the buying the new and disposing of the old one.
Budget
It is a document containing a preliminary approved plan of public revenue and public expenditure. It is a statement of the estimated receipt and expenses during a fixed period, it is a comparative table giving the accounts of the receipts to be realized and of the expenses to be incurred.
Budget Deficit
Budget may take a shape of deficit when the public revenue falls short to public expenditure. Budget deficit is the difference between the estimated public expenditure and public revenue. The government meets this deficit by way of printing new currency or by borrowing.
Bull
Bull is that type of speculator who gains with the rise in prices of shares and stocks. He buys share or commodities in anticipation of rising prices and sells them later at a profit.
Bull Market
It is a market where the speculators buy shares or commodities in anticipation of rising prices. This market enables the speculators to resale such shares and make a profit.
Buoyancy
When the government fails to check inflation, it raises income tax and the corporate tax. Such a tax is called Buoyancy. It concerns with the revenue from taxation in the period of inflation.
Business Cycle
Business cycle (also known as trade cycle) are species of fluctuations in the economic activity of organised communities. It is composed of period of good trade characterised
by rising prices and low unemployment, alternating with period of bad trade characterised by falling prices and high unemployment. Every trade cycle have five different subphases–depression, recovery, full employment, prosperity (boom) and recession.
Call Money
Call money is in the form of loans and advances which are payable on demand or within the number of days specified for the purpose.
Capital Budgeting
Capital budgeting represents the process of preparing budget for a period of a year or even for several years allocating capital outlays for the various investment projects. In other words, it is the process of budgeting capital expenditure by means of an annual or longer period capital budget.
Capital-labour Ratio
Latest models of machinery and equipment raise the labour efficiency and the output is maximized. Capitallabour ratio is the amount of capital against the given labours that a firm employs. Capital-labour ratio is the ratio of capital to labour.
Capital Market
Capital market is the market which gives medium term and long term loans. It is different from money market which deals only in short term loans.
Capitalism
Capitalism is an economic system in which all means of production are owned by private individuals Selfprofit motive is the guiding feature for all the economic activates under capitalism. Under pure capitalism system economic conditions are regulated solely by free market forces. This system is based on ‘Laissez-faire system’ i.e., no state intervention. Sovereignty of consumer prevails in this system. Consumer behaves like a king under capitalism.
Cash Reserve Ratio (CRR)
The commercial banks are required to keep a certain amount of cash reserves at the central bank. This percentage amount is called CRR. It influences the commercial bank’s volume of credit because variation in CRR affects the liquidity position of the banks and hence their ability to lend.
Census
Census gives us estimates of population. Census is of great economic importance for the country. It tells us the rate at which the total population is increasing among different age groups. In India census is done after every 10 years. The latest census in India has been done in 2001.
Central Bank
Central Bank may be defined as the apex barking and monetary institution whose main function is to control, regulate and stabilize the banking and the monetary system of the country in the national interest.
Cheque
Cheque is an order in writing issued by the drawer to a bank. If the customer has sufficient amount in his account, the cheque is paid by the bank. Cheques are used in place of cash money.
Clearing Bank
Clearing bank is one which settles the debits and credits of the commercial banks. Even of the cash balances are lesser, clearing bank facilitates banking operation of the commercial bank.
Clearing House
Clearing house is an institution which helps to settle the mutual indebtedness that occurs among the members of its organisation.
Closed Economy
Closed economy refers to the economy having no foreign trade (i.e., export and import). Such economies depend exclusively on their own internal domestic resources and have
no dependence on outside world.
Collusion
Producers of an industry reduce competition among themselves to raise their profits. They fix the price themselves with a clear understanding in this regard. This understanding among different firms is called collusion.
Coinage
Art and practice of making coins is called coinage. The metal is melted and moulded to shape into a coin. The coinage is a medium of exchange (money).
Collectivism
Collectivism is a belief that nation's interest is superior to individual interest. This is the collective thinking of the society and polity national leaders and also communist opine the theory of collection.
Commercial Bank
Commercial Bank is an institution of finance. It deals with the banking services through its branches in whole of the country. Operation of current accounts, deposits, granting of loans to individuals and companies etc. are various functions of the commercial bank.
Communism
Communism is a political and economic system in which the state makes the major economic decision State owns the bulk of capital assets. Responsibility for production and distribution lies with the state in this system.
Core Sector
Economy needs basic infrastructure for accelerating development. Development of infrastructure industries like cement, iron and steel, petroleum, heavy machinery etc. can only ensure the development of the economy as a whole. Such industries are core sector industries.
Corporation Tax
It is a tax on company's profit. It is a direct tax which is calculated on profits after interest payments and allowance (i.e., Capital allowance) have been deducted but before dividends are allowed for.
Cost-push Inflation
It arises due to an increase in production cost. Such type of inflation is caused by three factors : (i) an increase in wages, (ii) an increase in the profit margin and (iii) imposition of heavy taxation.
Credit Rationing
Credit rationing takes place when the banks discriminates between the borrowers. Credit rationing empowers the bank to lend to some and to refuse to lend to others. In this way credit rationing restricts lending on the part of bank.
Credit Squeeze
Monetary authorities restrict credit as and when required. This credit restriction is called credit squeeze. Monetary authorities adopt the policy of credit squeeze to control inflationary pressure in the economy.
Custom Duty
Custom duty is a duty that is imposed on the products received from exporting nations of the world. It is also called protective duty as it protects the home industries.
Cyclical Unemployment
It is that phase of unemployment which appears due to the occurrence of the downward phase of the trade cycle. Such an employment is reduced or eliminated when the business
cycle turns up again.
Dear Money
Dear money is that money which can only be borrowed at a high rate of interest. In dear money policy, bank rate and other rates of interest are high and as a result borrowing becomes expensive. Dear money policy is deliberate policy which is adopted by the monetary authorities to check inflation in the economy.
Death Duty
It is a direct tax which is imposed on the estate of deceased person. Death duty or Death Tax is a form of personal tax on property which is levied when property passes from one person to other at the time of death of the former.
Death Rate
Death rate signifies the number of deaths in a year per thousand of the population. It is mostly known as crude death rate. Life expectancy is important determinant of death rate.
A country having high life expectancy will have a high crude death rate.
Decentralisation
Decentralisation means the establishment of various unit of the same industry at different places. Large scale organisation or industry can not be run at one particular place or territory. In order to increase the efficiency of the industry, various units at different places are located.
Debt Service (Total)
The sum of principal repayments and interest actually paid in foreign currency, goods and services on longterm debt (having maturity of more than one year), interest paid on shortterm debt and repayments to IMF.
Deficit Financing
It is a practice resorted to by modern government of spending more money than it receives in revenue. It is a policy of bridging a deficit between governments expenditure and revenue. Deliberately budgeting for a deficit is called deficit financing. This practice was popularised by Prof. J. M. Keynes to deal with the depression and unemployment situations and to stimulate economic activity. Deficit financing, though having inflationary effects, has now become a common practice in all countries.
Deflation
Deflation is the reverse case of inflation. Deflation is that state of falling prices which occurs at that time when the output of goods and services increases more rapidly than the volume of money in the economy. In the deflation the general price level falls and the value of money rises.
Devaluation
The loss of value of currency of a country relative to other foreign currency is known as devaluation. Devaluation is a process in which the government deliberately cheapens the exchange value of its own currency in terms of other currency by giving it a lower exchange value. Devaluation is used for improving, the balance of payment situation in the country.
Direct Tax
A tax is said to be a direct tax when it is not intended to be shifted to anybody else. The person who pays it in the first instance is also excepted to bear it. Thus the impact and incidence of direct tax fall on the same person shifting of direct tax is not possible Income Tax is a example of direct tax.
Disinflation
It refers to a process of bringing down prices moderately from their high level without any adverse impact on production and employment. Thus, disinflation is an anti-inflationary measure.
Dissaving
Dissaving occurs when expenditure exceeds income. Raising of loans or utilization of past accumulated savings takes place in such eventuality.
Dividend
Dividend is the amount which the company distributes to shareholders when the profits of the company are calculated by the board of directors.
Economic Integration
Economic integration appears when two or more nations coordinate themselves and their economies are linked up. It may exhibit itself in the form of free trade area or a full economic union. EEC is an example of economic integration.
Engel's Law
This law was formulated by Ernst Engel. This law states that, with given taste and preference, the portion of income spend on food diminishes as income increases. According to this law, smaller a person's income, the greater the proportion of it that he will spend on food and vice versa.
Estate Duty
It is a tax which is levied on the estate of a decreased person. It is also known as death duty. The ownership of state changes hands only after the payments of the estate duty. It is an progressive tax in nature.
Excise Duty
It is a tax which is imposed on certain indigenous production (e.g., petroleum products, cigarettes etc.) of the country. Excise duty may be imposed either to raise revenue or to check the consumption of the commodities on which they are imposed. Excise duty is progressive in nature.
Face Value
It refers to that normal value of coin at which the coin circulates and is accepted in the discharge of debit or obligation. Broadly speaking, the face value refers to domination stamped on a coin / or documents when it is issued. In securities, it refers to par value.
Fascism
It is a form of political system. In it every economic consideration rests on one criterion—the increase in the people's standard of living. It also lays emphasis on military
strength and prestige of the country. It is the extreme nationalism and the ultimate goal is self-sufficiency.
Federal Economy
It refers to a federation which is an association of two and more states. A federal state is a union of state in which authority is divided between the federal (or central) government and the state governments. In a federal economy both the centre and the states are independent in the exercise of this authority.
Fiduciary Issue
Generally bank-note are backed by gold. But when they are not backed by gold and government securities replace gold, it is called fiduciary issue. Such fiduciary issue results in inflation.
Fertility Rate
The term fertility refers to the actual bearing of children or ‘occurrence of births’. Fertility rate measures the average number of the live births per 1000 women. This rate is one of the most important and useful aids to population projection. It helps in assessing population trends in the economy.
Fiscal Policy
Fiscal policy is that part of government economic policy which deals with taxation, expenditure, borrowing, and the management of public debt in the economy. Fiscal policy primarily concerns itself with the flow of funds in the economy. Fiscal policy primarily concerns itself with the flow of funds in the economy. It exerts a very powerful influence on the working of economy as a whole.
GEM
GEM (Gender Empowerment Measure) is a composite index measuring gender inequality in three basic dimensions of empowerment–economic participation and decision making, political participation and decision making, and power over economic resources.
GDI
GDI (Gender Related Development Index) is a composite index measuring average achievement in the three basic dimensions captured in the human development index–a long and healthy life, knowledge and a decent standard of living–adjusted to account for inequalities between men and women.
Gini-coefficient
It represents the measurement of inequality derived from the ‘Lorenz Curve,’ with every increase in the degree of inequality, the curvature of the Lorenz Curve also increases and
the area between the curve and 45line becomes larger.
The Gini-coefficient is measured as—
G =Area between Lorenz Curve & 45Line/Area above the 45Line
Giffin Goods
Giffin goods have the positive relationship between price and quantity demanded and as a result demand curve of Giffin goods slopes upward from left to right. This phenomenon was first observed by Sir Robert Giffin in relation to the demand for bread by poor labours.
Gresham's Law
“Bad money (if not limited in quantity) drives good money out of circulation”—This statement was given by Sir Thomas Gresham, the economic Adviser of Queen Elizabeth. This law states that people always want to hoard good money and spend bad money when two forms of money are in circulation at the same time.
Gross Domestic Product (GDP)
It is the money value of all final goods and services produced within the geographical boundaries of the country during a given period of time (usually a year). GDP can be calculated both at current prices and at constant prices. If we add net factor income from abroad to the GDP, we get ‘Gross National Product’ (GNP).
Gross National Product (GNP)
It refers to the money value of total output or production of final goods and services produced by the nationals of a country during a given period of time, generally a year.
Gross National Product Deflator
It is a Price Index Number used to correct the money value of Gross National Product (GNP) for price changes so as to isolate the changes which have taken place in the physical output of goods and services.
Guild Socialism
This form of socialism accepts the leadership of artisans. The operation of the whole economy specially the management and control of industries lies in the hands of artisans Socialism established by artisans is termed a Guild Socialism.
HDI
HDI (Human Development Index) is a composite index measuring average achievement in three basic dimensions of human life–a long and healthy life, knowledge and a decent standard of living.
Import Duty
Import duty is a tax on imports imposed on an ad-valorem basis i.e., fixed in the form of a percentage on the value of the commodity imported.
Indirect Tax
Indirect tax is that tax which is levied on goods or services produced or purchased. Indirect taxes are those which are demanded from one person in the expectation and intention that he shall indemnify himself at the expense to another.
Inflation
A situation of a steady and sustained rise in general prices is usually known as inflation. Inflation is a state in which the value of money is falling i.e., prices are rising.
Joint Demand
Joint demand appears in case of complementary goods. When two commodities are complementary to one another and cannot be used separately, they have joint demand. Bread and butter, sugar and tea, pen and ink are a few examples of joint demand. In joint demand a change in demand of one commodity bring about the proportionate change in demand for the other.
Joint Sector
When a sector is jointly owned, managed and run by both public and private sector, it is called joint sector. This sector indicates the partnership between the two i.e., public and private sector.
Labour Union
Labour union represents that organisation of workers which works for improving working condition of labours and also for raising their wage by adopting ‘collective bargaining’ measures with the management of the industry in particular.
Laffer Curve
This curve is given by American economist Prof. Arthur Laffer. It represents relationship between total tax revenue and corresponding tax rates.
Laissez Faire
It is a French word meaning ‘non-interference’. This doctrine was popularised by classical economists who gave the view that government should interfere as little as possible in the economic activities of the individuals.
Life Expectancy at Birth
The number of years a newborn infant would live if prevailing pattern of age specific mortality rates at the time of birth were to stay the same throughout the child’s life.
Liquidation
It refers to the termination (or winding up) of a registered company. Liquidation takes place because of company's insolvency. In liquidation, assets are turned into cash for settling outstanding debts and for apportioning the balance, if any, amongst the owners.
Liquidity
Assets which can easily be converted into cash money are said to have liquidity. Land does not possess liquidity at it takes longer time to get converted into cash.
Liquidity Ratio
The commercial banks under banking regulations have to maintain a certain specified proportion of their total deposits of various categories in liquid assets. This maintainable proportion is called liquidity ratio.
Lock-out
Lock-out refers to such a situation when the management does not permit the workers to work unless they agree to accept the employer's term. Lock-out is the closing of work by the management for an uncertain period of time to put pressure on the labour union. It is an action by the employer equivalent to a strike by employees.
Lorentz Curve
This curve shows the degree of inequalities of a frequency distribution in a graphical manner. It is a curve on a graph which shows the cumulative proportion of a statistical population against this cumulative share of some characteristic. This curve is commonly used to depict income distribution showing the cumulative percentage of people from the poorest up and their cumulative share of national income.
Lump Sum Tax
Lump sum tax is a fixed amount which has imperative nature irrespective of the income level. This tax is not equitable in nature.
Merit Goods
Merit goods refer those goods that are very essential to the society as a whole and hence the government ensures their availability to all consumers, regardless of their ability to pay to reasonable price.
Mixed Economy
It refers to that economic system in which both private and public sector co-exists. Indian economy is an example of a mixed economy.
Monetary Policy
Monetary policy comprises all measures applied by the monetary authorities with a view to produce a deliberate impact on the nature and volume of money so as to achieve the objectives of general economic policy. It aims at regulating the flow of currency, credit and other money substitutes in an economy with a view to affect the total stock of such assets as well as to influence the demand of the community for such assets.
Monetary Reforms
When a new currency is introduced in a country due to hyperinflation or due to a deliberate policy measure (such as decimalization) it is termed as monetary reform.
Monopoly
Monopoly refers to that market structure where there is only one seller in the market who controls the entire market supply and no substitute of the product is available in the market.
Monopsony
Monopsony is that market situation in which there is only one single buyer of the product in the market. In other word, ‘buyer's monopoly’ is termed as monopsony.
Multinational Company
It is a large scale company which has its production base in several countries and the bulk of the production is produced in outside nations. This company produces more overseas
than they do in its parent country. Increased trade and economies of scale have encouraged such type of companies in the recent years.
National Income
In the simplest way it can be defined as ‘factor income accruing to the national residents of a country.’ It is the sum of domestic factor income and net factor income earned from abroad. Net national product at factor cost is called national income.
Net National Product (NNP)
When depreciation is deducted from GNP i.e., Gross National Product, we get Net National Product (NNP).
Oligopoly
Oligopoly is that form of imperfect competition in which there are only a few firms in the industry (or group) producing either homogeneous products or may be having product differentiation in a given line of production.
Open Economy
Open economy is that economy which is left free and the government imposes no restrictions on trade with areas outside that economy.
Okun’s Law
Arthur Okun presented an empirical relationship between cyclical movements in GNP and unemployment. Okun found that an annual 2•5% increase in the rate of real growth above the trend growth results in a 1% decrease in the rate of unemployment. This relationship is known as Okun’s Law.
Perfect Competition
Perfect competition is the market in which there are many firms selling identical products with no firm large enough relative to the entire market to be able to influence market price.
Poverty Line
Poverty line is a virtual line demarcating persons living below and above it. In India all those persons are treated living below poverty line who are not able to earn that much of income which is not sufficient to acquire food equivalent to 2100 calories per person per day in urban areas and 2400 calories per person per day in rural areas. As per UNDP, one US dollar (1993 PPP US $) per person per day is treated as poverty line.
PQLI
PQLI is known as Physical Quality of Life Index which is used to assess the level of social development. This index was developed by Jim Grant for The Overseas Development Council PQLI is calculated by using indices of (i) Adult literacy rate, (ii) IMR, (iii) Life Expectancy.
Price Mechanism
Price mechanism signifies the working of those market forces which establishes equilibrium in the economy. Laissez faire policy is the basis for the working of price mechanism.
Price Ring
It is an unofficial syndicate by which the prices are controlled with the prior understanding among the traders. These dealers under a price ring decide not to over-bid one another at the public auction to keep the prices low. This price ring may discourage outsiders from coming to the auctions.
Private Sector
Private Sector is that part of the economy which is not owned by the government and is under the hands of private enterprise. In other words, private sector is not under direct government control. Private sector includes the personal as well as the corporate sector.
Privatisation
Privatisation is the antithesis of nationalisation. When the government owned public industries are denationalised and the disinvestment process is initiated, it is called privatisation.
Public Debt
Public debt represents borrowing by the state and public authorities. All loans taken by the public authorities constitute public debt.
Public Goods
Public goods are those goods which belong to the entire community. None of the individual of the society can be made deprived of using these public goods. National defence, Police, Street lighting etc. are examples of public goods.
Public Sector
Public sector signifies those undertakings which are owned, managed and run by public authorities. Public sector includes direct government enterprise, the nationalized industries and public corporations. In this sector of the economy the government acts itself as an entrepreneur.
Peril Point
It indicates that point beyond which tariff reductions would threaten the existence of domestic industry.
Quick Asset
Those assets are quick assets which are liquid or nearly liquid in nature and easily be turned into cash.
Quoted Company
That company is called quoted company whose share prices are quoted on a stock exchange.
Reflation
It signifies general increase in the level of business activity in the economy. Reflation generally involves greater government expenditure and the easing of credit to encourage increased production.
Regressive Tax
It is a tax in which rate of taxation falls with an increase in income. In regressive taxation incidence falls more on people having lower incomes than that of those having higher incomes.
Repressed Inflation
It is a state in which aggregate demand is greater than the total supply of goods and services in an economy, but prices are prevented from rising to eliminate excess demand. The holding down of price is sometimes done by government as a means of suppressing inflation.
Reserve Asset Ratio
It is the ratio of a bank’s reserve assets to its eligible liabilities.
Revolving Credit
It is a bank credit that is renewed automatically until notice of cancellation is received. Revolving credits may be sanctioned for an unlimited amount in total but with a limit on
the amount that may be drawn at any one time or within a specified period, e.g., one month.
Seasonal Unemployment
It is that unemployment which is caused by seasonal variation in demand for labour by various industries, such as agriculture, construction and tourism. Seasonal unemployment
normally declines in spring as more outdoor work can be undertaken.
Security
Security refers to a share, bond or government stock that can be bought and sold, usually on the stock exchange or on a secondary market, and carries a right to some form of income, either in the form of a fixed rate of interest or dividends.
Shadow Price
It is an imputed value for a good based on the opportunity costs of the resources used to produce it such values are of particular significance in resolving problems of resource allocating with respect to the effect on welfare.
Share Capital
It is the amount of money raised by a company by issuing shares. The authorized share capital is the amount that a company is allowed to issue as laid down in its Articles of Association. The issued share capital is the amount actually issued i.e., the number of issued shares multiplied by their par value. Fully paid share capital is the amount raised by payment of the full par value of the issued shares.
Single Tax System
It is a system in which all tax revenues are raised from one form of taxation.
Socialism
The political doctrine that the means of production (machines, materials and output) should be owned by society and specifically either by the state, as in the case of nationalized industries or by the workers directly, as in the case of producer co-operatives.
Social Security
Provision by the state out of taxation of welfare assistance to those in need as a result of illness, unemployment, or old age compare national insurance refers to social security.
Soft Currency
A currency with limited convertibility into gold and other currencies, either because it is depreciating due to balance of payments difficulties or because controls have been placed on it to prevent the exchange rate falling.
Special Drawing Rights (SDRs)
It is a reserve asset (known as ‘Paper Gold’) created within the framework of the International Monetary Fund in an attempt to increase international liquidity, and now forming a part of countries official reserves along with gold, reserve positions in the IMF and convertible foreign currencies.
Special Tax (Unit Tax)
It is a tax imposed per unit of a commodity rather than on the value of the commodity compare ad-valorem.
Stabilization Policy
It is Government economic policy announced at reducing the cyclical and other fluctuations that take place in a market economy.
Stagflation
It is a state of the economy in which economic activity is slowing down, but wages and prices continue to rise. The term is a blend of the words stagnation and inflation.
Surplus Value
It is the difference between the amount paid to a factor and the revenue earned by selling the output it produced.
Tariff
It is a tax or a duty on imports, which can be levied either on physical units, e.g., per tonne (specific), or on value (ad-valorem). Tariffs may be imposed for a variety of reasons including; to raise government revenue, to protect domestic industry from subsidized or low-wage imports, to boost domestic employment, or to ease a deficit on the balance of payments.
Trade Gap
It signifies the size of the deficit (or surplus) in the balance of trade i.e., the difference in value between visible imports and exports.
Trade Union
It is an organisation of employees who join together to further their interests. Trade Unions negotiate on behalf of their members in collective bargaining with employers, and in the event of a dispute may put pressure on employers by withdrawing labour (i.e. strike) or by some less drastic form of action (i.e. go-slow, working to rule).
Transfer Payment
It is a payment made by public authority other than one made in exchange for goods or services produced. Transfer payments are not the part of National Income. Examples includes unemployment benefit and child benefits.
Vital Statistics
Vital statistics refers to those data which are associated with vital events of masses like birth, death, marriage divorce etc.
VAT (Value Added Tax)
VAT seeks to tax the value added at every stage of manufacturing and sale, with a provision of refunding the amount of VAT already paid at the earlier stages to avoid double taxation. In other words, the tax already paid can be claimed at the next stage of value addition.
Wealth Tax
Wealth tax is that tax which is imposed on the value of total assets but the wealth upto a certain limit is exempted from such tax.
Welfare State
It refers to a nation that provides to all at least the minimum standards in respect of education, health, housing, pensions and other social benefits.
Wholesale Price Index
Wholesale Price Index is that index which is calculated on the basis of wholesale prices. It is calculated in a similar way to the Retail Price Index.
Sunday, March 6, 2011
ECONOMIC TERMS
Common Glossary Related to Budget
Union Budget
Under Article 112 of the constitution, a statement of estimated receipts and expenditure, called the ‘Annual Financial Statement’, has to be placed before Parliament for each financial year.
This Statement is the main budget document. It is an estimate of the Government’s revenue and expenditure at the end of a fiscal year, which runs from April 1 to March 31.
A Union Budget is the most comprehensive report of the Government’s finances, in which revenues from all sources and outlays to all activities are consolidated. The budget also contains estimates of the Government’s accounts for the next fiscal, called budgeted
estimates.
Capital Budget
The capital budget consists of capital receipts and payments. Capital receipts are Government loans raised from the public, Government borrowings from the Reserve Bank and treasury bills, divestment of equity holding in public sector enterprises, loans received from foreign Governments and bodies, securities against small savings, State provident funds, and special deposits.
Capital payments refer to capital expenditures on construction of capital projects and acquisition of assets like land, buildings machinery and equipment.
It also includes investments in shares, and loans and advances granted by the Central Government to State Governments, Government companies, corporations and other parties.
Revenue Budget
The revenue budget consists of revenue receipts of the Government and its expenditure. Revenue receipts are divided into tax and non-tax revenue. Tax revenues constitute taxes like income tax, corporate tax, excise, customs, service and other duties that the Government levies.
The non-tax revenue sources include interest on loans, dividend on investments etc.
Revenue expenditure is the expenditure incurred on the day-to-day running of the Government and its various departments, and for services that it provides.
It also includes interest on its borrowings, subsidies and grants given to State Governments and other parties.
This expenditure does not result in the creation of assets. In case the difference between revenue receipts and revenue expenditure is negative, there is a revenue deficit.
It shows the shortfall of the Government’s current receipts over current expenditure. If the capital expenditure and capital receipts are taken into account too, there will be a gap between the receipts and expenditure in a year. This gap constitutes the overall budgetary deficit, and it is covered by issuing 91-day Treasury Bills, mostly held by the Reserve Bank.
Revenue surplus is the excess of revenue receipts over revenue expenditure.
Fiscal Deficit
This is the gap between the Government’s total spending and the sum of its revenue receipts and non-debt capital receipts.
It represents the total amount of borrowed funds required by the Government to completely meet its expenditure. The gap is bridged through additional borrowing from the Reserve Bank of India, issuing Government securities etc. Fiscal deficit is one of the major contributors to inflation.
Primary Deficit
The primary deficit is the fiscal deficit minus interest payments. It tells how much of the Government’s borrowings are going towards meeting expenses other than interest payments.
Finance Bill
The Government proposals for the levy of new taxes, alterations in the present tax structure, or continuance of the current tax structure are placed before the Parliament in this bill. The bill contains amendments proposed to direct and indirect taxes.
Direct and Indirect Taxes
Direct taxes are levied on the incomes of individuals and corporates. For example, income tax, corporate tax etc. Indirect taxes are paid by consumers when they buy goods and services. These include excise duty, customs duty etc.
Some Other Terms
Central plan outlay : It refers to the allocation of monetary resources among the different sectors in the economy and the ministries of the Government.
Public account : The Government acts like a banker for transactions relating to provident funds, small savings collection etc.
The funds that the Government thus receives from its bank like operations are kept in the public account, from which the related disbursements are made.
These funds do not belong to the Government and have to be paid back to the persons and authorities who have deposited them.
Ad-valorem duties : These are the duties determined as a certain percentage of the price of products.
Balance of payments : Balance of payments is the difference between the demand for, and supply of, a country’s currency on the foreign exchange market.
Budget estimates : It is an estimate of fiscal and revenue deficits for the year. The term is associated with the estimates of the Centre’s spending during the financial year and the income received through taxes.
Capital receipt : Loans raised by the Centre from the market. Government borrowings from the Reserve Bank and other parties, sale of Treasury Bills, and loans received from foreign governments form a part of capital receipt.
Other items that also fall under this category include recovery of loans granted by the Centre to State Governments and proceeds from disinvestments of Government stake in public sector undertakings.
Consolidated fund : Under this, the Government pools all its funds together.
It includes all Government revenues, loans raised, and recoveries of loans granted.
All expenditure of the Government is incurred from the consolidated fund and no amount can be withdrawn from the fund without authorisation of the Parliament.
Contingency fund : This is a fund used for meeting emergencies where the Government cannot wait for an authorisation of the Parliament. The Government subsequently obtains Parliamentary approval for the expenditure. The amount spent from the contingency fund is returned to the fund later.
Monetary policy : This comprises actions taken by the central bank to regulate the level of money or liquidity in the economy, or change the interest rates.
UNION BUDGET 2011-12 HIGHLIGHTS
Finance Minister Pranab Mukherjee presented the Union Budget 2010-11 in parliament on Monday.
Has he lived up to the expectations of the taxpayers?Is it a populist Budget? Will it also help India to grow? To find out read on..
Highlights. . .
Direct Taxes
- Exemption limit for the general category of individual taxpayers enhanced from
- Rs 1,60,000 to Rs 1,80,000 giving uniform tax relief of Rs 2,000.
- Exemption limit enhanced and qualifying age reduced for senior citizens.
- Exemption limit for Very Senior Citizens, who are 80 years raised to Rs 500,000.
- Current surcharge of 7.5 per cent on domestic companies proposed to be reduced
- to 5 per cent.
- Rate of Minimum Alternative Tax proposed to be increased from 18 per cent to
- 18.5 per cent of book profits.
- Tax incentives extended to attract foreign funds for financing of infrastructure.
- Additional deduction of Rs 20,000 for investment in long-term infrastructure bonds
- proposed to be extended for one more year.
- Lower rate of 15 per cent tax on dividends received by an Indian company from
- its foreign subsidiary.
- Benefit of investment linked deduction extended to businesses engaged in the
- production of fertilisers.
- Investment linked deduction to businesses developing affordable housing.
- Weighted deduction on payments made to National Laboratories, Universities
- and Institutes of Technology to be enhanced to 200 per cent.
- System of collection of information from foreign tax jurisdictions to be
- strengthened.
- A net revenue loss of Rs 11,500 crore (Rs 115 billion) estimated as a result of proposals.
- Indirect Taxes
- To stay on course for transition to GST.
- Central Excise Duty to be maintained at standard rate of 10 per cent.
- Reduction in number of exemptions in Central Excise rate structure.
- Nominal Central Excise Duty of 1 per cent imposed on 130 items entering in the
- tax net.
- Lower rate of Central Excise Duty enhanced from 4 per cent to 5 per cent.
- Optional levy on branded garments or made up proposed to be converted into a
- mandatory levy at unified rate of 10 per cent.
- Peak rate of Custom Duty held at its current level.13
Agriculture and Related Sectors
- Scope of exemptions from Excise Duty enlarged to include equipments needed for storage and warehouse facilities on agricultural produce.
- Basic Custom Duty reduced for specified agricultural machinery from 5 per cent to 2.5 per cent.
- Basic Custom Duty reduced on micro-irrigation equipment from 7.5 per cent to 5 per cent.
- De-oiled rice bran cake to be fully exempted from basic Custom Duty.
- Export Duty of 10 per cent to be levied on its export.
Black Money
- Five fold strategy to be put into operation to deal with the problem of generation and circulation of black money.
- Membership of various international fora engaged in anti money laundering, financial integrity and economic development, Exchange of information for tax purposes and transparency, secured.
- Various Tax Information Exchange Agreements and Double Taxation Avoidance Agreements concluded. Foreign Tax Division of CBDT has been strengthened to effectively handle increase in tax information exchange and transfer pricing issues.
- Enforcement Directorate strengthened three fold to handle increased number of cases registered under amended Money Laundering Legislation.
- Finance Ministry has commissioned study on unaccounted income and wealth held within and outside the country.
- Comprehensive national policy to be announced in near future to strengthen controls over prevention of trafficking on narcotic drugs.
Manufacturing Sector
- Basic Custom Duty reduced for various items to encourage domestic value addition vis- -vis imports, to remove duty inversion and anomalies and to provide a level playing field to the domestic industry.
- Rate of Export Duty for all types of iron ore enhanced and unified at 20 per cent ad valorem. Full exemption from Export Duty to iron ore pellets.
- Basic Custom Duty on two critical raw materials of cement industry viz. petcoke and gypsum is proposed to be reduced to 2.5 per cent.
- Cash dispensers fully exempt from basic Customs Duty.
Environment
- Full exemption from basic Customs Duty and a concessional rate of Central Excise Duty extended to batteries imported by manufacturers of electrical vehicles.
- Concessional Excise Duty of 10 per cent to vehicles based on Fuel cell technology.
- Exemption granted from basic custom duty and special CVD to critical parts/assemblies needed for Hybrid vehicles.
- Reduction in Excise Duty on kits used for conversion of fossil fuel vehicles into hybrid vehicles.
- Excise Duty on LEDs reduced to 5 per cent and special CVD being fully exempted.
- Basic Customs Duty on solar lantern reduced from 10 to 5 per cent.
- Full exemption from basic Customs Duty to Crude Palm Stearin used in manufacture of laundry soap.
- Full exemption from basic Excise Duty granted to enzyme based preparation for pre-tanning.
Infrastructure
- Parallel Excise Duty exemption for domestic suppliers producing capital goods needed for expansion of existing mega or ultra mega power projects.
- Full exemption from basic Customs Duty to bio-asphalt and specified machineryfor application in the construction of national highways.
Other Proposals
- Scope of exemptions from basic Customs Duty for work of art and antiquities extended to apply for exhibition or display in private art galleries open to the general public.
- Exemption from Import Duty for spares and capital goods required for ship repairunits extended to import by ship owners.
- Concessional basic Custom Duty of 5 per cent and CVD of 5 per cent available to newspaper establishments for high speed printing presses extended to mailroom equipment.
- Jumbo rolls of cinematographic film fully exempted from CVD by providing full exemption from Excise Duty.
- Outright concession to factory-built ambulances from Excise Duty.
- Relief measures proposed for raw pistachio, bamboo for agarbatti, lactose for the manufacture of homoeopathic medicines, sanitary napkins, baby and adult diapers.
- Proposals relating to Customs and Central Excise estimated to result in a net revenue gain of Rs 7,300 crore (Rs 73 billion).
Service Tax
- Standard rate of Service Tax retained at 10 per cent, while seeking a closer fit between present regime and its GST successor.
- Hotel accommodation in excess of ` 1,000 per day and service provided by air conditioned restaurants that have license to serve liquor added as new services for levying Service Tax.
- Tax on all services provided by hospitals with 25 or more beds with facility of central air conditioning.
- Service Tax on air travel both domestic and international raised.
- Services provided by life insurance companies in the area of investment and some more legal services proposed to be brought into tax net.
- All individual and sole proprietor tax payers with a turn over upto Rs 60 lakhs (Rs 6 million) freed from the formalities of audit.
- To encourage voluntary compliance the penal provision for Service Tax are being rationalised.
- Similar changes being carried out in Central Excise and Custom laws.
- Proposals relating to Service Tax estimated to result in net revenue gain of Rs 4,000 crore (Rs 40 billion).
- Proposals relating to Direct Taxes estimated to result in a revenue loss of Rs 11,500 crore (Rs 115 billion) and those related to Indirect Taxes estimated to result in net revenue gain of Rs 11,300 crore (Rs 113 billion).
OPPORTUNITIES
- Swift and broad based growth in 2010-11 has put the economy back to its
- pre-crisis growth trajectory. Fiscal consolidation has been impressive.
- Significant progress in critical institutional reforms that would set the pace for
- double-digit growth in the near future.
Dynamism in the rural economy due to scaled up flow of resources to the - rural areas.
CHALLENGES
- Structural concerns on inflation management to be addressed by improving supply response of agriculture to the expanding domestic demand and through stronger fiscal consolidation.
- Implementation gaps, leakages from public programmes and the quality of outcomes pose a serious challenge.
- Impression of drift in governance and gap in public accountability is misplaced.
- Corruption as a problem to be fought collectively.
Government to improve the regulatory standards and administrative practices. - Inputs from colleagues on both sides of House are important in the wider national
- interest.
- Budget 2011-12 to serve as a transition towards a more transparent and result oriented economic management system in India.
OVERVIEW OF THE ECONOMY
- Gross domestic product estimated to have grown at 8.6 per cent in 2010-11 in real terms.
- Economy has shown remarkable resilience.
- Continued high food prices have been principal concern this year.
- Consumers denied the benefit of seasonal fall in prices despite improved availability of food items, revealing shortcomings in distribution and marketing systems.
- Monetary policy measures taken expected to further moderate inflation in coming months.
- Exports have grown by 29.4 per cent, while imports have recorded a growth of 17.6 per cent during April to January 2010-11 over the corresponding period last year.
- Indian economy expected to grow at 9 per cent with an outside band of +/- 0.25
- per cent in 2011-12.
- Average inflation expected lower next year and current account deficit smaller.
SUSTAINING GROWTH
- Fiscal consolidation
- Fiscal consolidation targets at Centre and States have shown positive effect on
- macro economic management of the economy.
- Amendment to Centre's FRBM Act, 2003 laying down the fiscal road map for
- the next five years to be introduced in the course of the year.
- Proposal to introduce the Public Debt Management Agency of India Bill in the
- next financial year.
Tax Reforms
- Direct Taxes Code to be finalised for enactment during 2011-12.
DTC proposed to be effective from April 1, 2012. - Areas of divergence with States on proposed Goods and Services Tax have been narrowed.
- As a step towards roll out of GST, Constitution Amendment Bill proposed to be introduced in this session of Parliament.
- Significant progress in establishing GST Network, which will serve as
- IT infrastructure for introduction of GST.
Expenditure Reforms
- A Committee already set up by Planning Commission to look into the extant classification of public expenditure between plan, non-plan, revenue and capital.
Subsidies
- Nutrient Based Subsidy has improved the availability of fertiliser; government actively considering extension of the NBS regime to cover urea.
- Government to move towards direct transfer of cash subsidy to people living below poverty line in a phased manner for better delivery of kerosene, LPG and fertilisers.
Task force set up to work out the modalities for the proposed system.
People's ownership of PSUs
- Overwhelming response to public issues of Central Public Sector Undertakings during current year.
- Higher than anticipated non-tax revenue has led to reschedulement of some disinvestment issues planned for current year.
- Rs 40,000 crore (Rs 400 billion) to be raised through disinvestment in 2011-12.
- Government committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings.
Investment Environment
- Discussions underway to further liberalise the foreign direct investment policy.
Foreign Institutional Investors
- Securities and Exchange Board of India registered mutual funds permitted to accept subscription from foreign investors who meet KYC requirements for equity schemes.
- To enhance flow of funds to infrastructure sector, the FII limit for investment in corporate bonds issued in infrastructure sector being raised.
Financial Sector Legislative Initiatives
- To take the process of financial sector reforms further, various legislations proposed in 2011-12.
- Amendments proposed to the Banking Regulation Act in the context of additional banking licences to private sector players.
Public Sector Bank Capitalisation
- Rs 6,000 crore (Rs 60 billion) to be provided during 2011-12 to enable public sector banks to maintain a minimum of Tier I CRAR of 8 per cent.
Recapitalisation of Regional Rural Banks
- Rs 500 crore (Rs 5 billion) to be provided to enable Regional Rural Banks to maintain a CRAR of at least 9 per cent as on March 31, 2012.
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UP PCS
General Studies : Solved Paper
1. The legend of Udayana and Vasavdatta is related to—
(A) Ujjain
(B) Mathura
(C) Mahishmati
(D) Kaushambi
Ans : (D)
2. Which of the following laid the foundation of image worship in the country ?
(A) Jainism
(B) Buddhism
(C) Ajivikas
(D) Vedic religion
Ans : (D)
3. Which one of the following is not associated with the Court of Kanishka ?
(A) Ashvaghosha
(B) Charaka
(C) Nagarjuna
(D) Patanjali
Ans : (D)
4. A horned deity engraved on a terracotta cake has been recovered from—
(A) Banawali
(B) Kalibangan
(C) Lothal
(D) Surkotda
Ans : (C)
5. Kalsi is famous for—
(A) Buddhist Chaityas
(B) Persian Coins
(C) Rock-edicts of Ashoka
(D) Temples of Gupta period
Ans : (C)
6. Which dynasty of rulers is associated with the construction of famous Kailasha Temple of Ellora ?
(A) Chalukyas
(B) Cholas
(C) Pallavas
(D) Rashtrakutas
Ans : (D)
7. Who of the following was associated with the collection of revenue in Mauryan Mantriparishad ?
(A) Samaharta
(B) Vyabharika
(C) Annapala
(D) Pradeshta
Ans : (A)
8. Which river was the heartland of Pandya’s Kingdom ?
(A) Godavari
(B) Krishna
(C) Tungbhadra
(D) Vengi
Ans : (D)
9. Who wrote Dashkumaracharita ?
(A) Bharavi
(B) Bilhana
(C) Dandin
(D) Somadeva
Ans : (C)
10. The Sultans of which dynasty ruled the country for the longest period ?
(A) Khalji dynasty
(B) Lodi dynasty
(C) Slave dynasty
(D) Tughlaq dynasty
Ans : (D)
11. Who of the following among the Nine Gems of Chandragupta was associated with Astrology ?
(A) Vararuchi
(B) Sanku
(C) Khapanaka
(D) Amarsingh
Ans : (B)
12. Which of the following places was the capital of Satvahanas ?
(A) Pratisthan
(B) Nagarjuna Konda
(C) Shakal or Syalkot
(D) Patliputra
Ans : (A)
13. Which of the following factories of Bengal was established by the Dutch ?
(A) Bandel
(B) Chinsura
(C) Hooghly
(D) Srirampur
Ans : (B)
14. A bomb was thrown on the occasion of his State entry into Delhi at—
(A) Lord Curzon
(B) Lord Mayo
(C) Lord Minto
(D) Lord Hardinge
Ans : (D)
15. Aurobindo Ghosh wrote—
(A) Extremist movement
(B) Moderate movement
(C) Kesari
(D) The Divine Life
Ans : (D)
16. Sarnath Stambh was built by—
(A) Harshvardhan
(B) Ashok
(C) Gautam Buddha
(D) Kanishka
Ans : (B)
17. Navda-toli was excavated by—
(A) K. D. Bajpai
(B) V. S. Wakankar
(C) H. D. Sankalia
(D) Mortimer Wheeler
Ans : (C)
18. The division of Mauryan Society into seven classes is particularly mentioned in—
(A) Kautilya’s Arthasashtra
(B) Ashokan edicts
(C) The Puranas
(D) Megasthenes’ Indica
Ans : (D)
19. Which Urdu newspaper was started by Lajpat Rai from Lahore in 1920 ?
(A) Bande Mataram
(B) People
(C) Tribune
(D) Vir Arjun
Ans : (A)
20. Who called the Indian National Congress as a ‘Begging Institute’ ?
(A) B. C. Pal
(B) Tilak
(C) Aurobindo Ghosh
(D) None of them
Ans : (C)
21. Power of Magadha was extended over the Malwa region during the reign period of—
(A) Bimbisar
(B) Ajatshatru
(C) Udayabhadra
(D) Sisunaga
Ans : (D)
22. Who had established ‘India Independence League’ ?
(A) Subhash Chandra Bose
(B) Ras Behari Ghosh
(C) Surendranath Bannerjee
(D) Ras Behari Bose
Ans : (D)
23. Nana Saheb’s Commander-in-Chief was—
(A) Azimullah
(B) Birjis Qadir
(C) Tantia Tope
(D) None of the above
Ans : (C)
24. Which of the following pairs do not match ? Find your answer with the help of given code—
1. British India Society— London
2. East India Association— Kolkata
3. National India Association— London
4. Indian Association— Mumbai
Codes :
(A) 1 and 2
(B) 3 and 4
(C) 1 and 3
(D) 2 and 4
Ans : (D)
25. Which of the following Indian leaders did not support the Khilafat movement ?
(A) Jawahar Lal Nehru
(B) Madan Mohan Malviya
(C) Mohammad Ali
(D) Swami Shraddhanand
Ans : (B)
26. Match List-I with List-II—
List-I
(a) India League
(b) Indian Association
(c) Bhartiya Rashtriya Udar Sangh
(d) United India Patriotic Association
List-II
1. Shishirkumar Ghosh
2. Anand Mohan Bose
3. Saiyyed Ahmad Khan
4. Surendra Nath Bannerjee
Find your answer with the help of given codes—
Codes :
(a) (b) (c) (d)
(A) 1 3 4 2
(B) 2 1 4 3
(C) 3 2 4 1
(D) 1 2 4 3
Ans : (D)
27. One Governor-General took part in one of the Congress Sessions. Identify the Governor General and place where the Session was held.
(A) Lord Irwin → Karachi – 1931
(B) Lord Wellington → Bombay – 1915
(C) Lord Dufferin → Bombay – 1885
(D) Lord Hardinge → Lucknow – 1916
Ans : (C)
28. Who amongst the following were responsible for the formation of the Independence for India League in 1928 ?
1. Jawahar Lal Nehru
2. Subhash Chandra Bose
3. Acharya Narendra Dev
4. Jaya Prakash Narayan
Choose your answer from given codes—
Codes :
(A) 1, 2 and 3
(B) 2, 3 and 4
(C) 1 and 2
(D) 3 and 4
Ans : (C)
29. Who was the Convenor of All India Congress Socialist Party at Patna in 1934 ?
(A) Acharya Narendra Dev
(B) Achyuta Patvardhan
(C) Jaya Prakash Narayan
(D) Dr. Ram Manohar Lohia
Ans : (C)
30. Saddler Commission was associated with—
(A) Judiciary
(B) Revenue Administration
(C) Education
(D) Police Administration
Ans : (C)
31. Damodar is a tributary of river—
(A) Hooghly
(B) Ganga
(C) Padma
(D) Swaranrekha
Ans : (A)
32. Which of the following would you generally associate with Tornadoes ?
(A) Gulf of Mexico
(B) China Sea
(C) Indian Ocean
(D) U. S. A.
Ans : (D)
33. The benefits of which one of the following river valley projects are shared by more than one State ?
(A) Chambal Valley Project
(B) Hirakud Project
(C) Mayurakshi Project
(D) Sharavati Project
Ans : (D)
34. Which of the following Latitudes (North or South) would you associate with ‘Horse Latitudes’ ?
(A) 30°
(B) 45°
(C) 60°
(D) 23½°
Ans : (A)
35. Which of the following is an example of Residual Mountains ?
(A) Himalayas
(B) Kilimanjaro
(C) Etna
(D) Aravalli
Ans : (D)
36. Which one of the following would you associate with metamorphic rocks ?
(A) Copper
(B) Garnet
(C) Manganese
(D) Pyrite
Ans : (B)
37. Which one of the following currents is not a cold current ?
(A) California current
(B) Japanese current
(C) Labrador current
(D) Falkland current
Ans : (B)
38. Match List-I with List-II and select the correct answer from the codes given below the lists—
List-I
(a) Brajraj Nagar
(b) Kaimoor
(c) Haldia
(d) Phoolpur
List-II
1. Cement
2. Fertilizer
3. Petrochemical
4. Paper
Codes :
(a) (b) (c) (d)
(A) 1 2 3 4
(B) 3 4 1 2
(C) 4 1 3 2
(D) 4 3 2 1
Ans : (C)
39. Match List-I with List-II and select the correct answer from the codes given below—
List-I
(a) Mineral Oil
(b) Gypsum
(c) Gold
(d) Bauxite
List-II
1. Orissa
2. Karnataka
3. Gujarat
4. Rajasthan
Codes :
(a) (b) (c) (d)
(A) 3 2 1 4
(B) 2 1 4 3
(C) 4 3 1 2
(D) 3 4 2 1
Ans : (D)
40. The correct sequence in descending order of leading producers of petroleum, in the Middle East is—
(A) Iran, Iraq, Kuwait, Saudi Arabia
(B) Saudi Arabia, Iran, Iraq, Kuwait
(C) Saudi Arabia, Kuwait, Iraq, Iran
(D) Saudi Arabia, Iran, Kuwait, Iraq
Ans : (D)
41. Which amongst the following States/UTs in India has the largest percentage of its geographical area under forest cover ?
(A) Tripura
(B) Andaman and Nicobar
(C) Nagaland
(D) Mizoram
Ans : (D)
42. Given below are four States; find out which amongst them had least sex ratio as per 2001 Census—
(A) Gujarat
(B) Tamil Nadu
(C) Chhattisgarh
(D) Manipur
Ans : (A)
43. Which one of the following is not a correct statement ?
(A) Cocoa cultivation is popular in Ghana
(B) Coffee is an important plantation crop of Brazil
(C) Sri Lanka is famous for the production of tea
(D) Sugarcane is the major plantation crop of Malaysia
Ans : (D)
44. More than half of the country’s production of rice comes from the four States of—
(A) West Bengal, Punjab, Tamil Nadu and Orissa
(B) West Bengal, Uttar Pradesh, Punjab and Andhra Pradesh
(C) Uttar Pradesh, West Bengal, Chhattisgarh and Assam
(D) Punjab, Andhra Pradesh, Bihar and Orissa
Ans : (B)
45. Cardamom hills lie along the border of the States of—
(A) Karnataka and Tamil Nadu
(B) Karnataka and Kerala
(C) Kerala and Tamil Nadu
(D) Tamil Nadu and Andhra Pradesh
Ans : (C)
46. Sangam Yojna is associated with—
(A) Provision of clean drinking water
(B) Provision for cleaning of rivers
(C) Promoting communal harmony
(D) Helping the invalids
Ans : (D)
47. Sarva Shiksha Abhiyaan covers—
(A) All children in age group 3–10
(B) All children in age group 4–8
(C) All children in age group 5–15
(D) All children in age group 6–14
Ans : (D)
48. Identify the country with which India has decided to strengthen security ties (July 2010) and with which joint army exercises were held in June 2010, joint naval exercises held thereafter and joint airforce exercises were held in October 2010—
(A) USA
(B) Indonesia
(C) UK
(D) Australia
Ans : (C)
49. India’s largest shipbreaking yard is located in Gujarat at—
(A) Alang
(B) Kandla
(C) Okha
(D) Porbandar
Ans : (A)
50. Bramha Kamal is naturally found in—
(A) Kaziranga forests
(B) Nilgiri forests
(C) Silent valley
(D) Valley of flowers
Ans : (D)
51. With which of the following would you associate village Tembhli which was in the news in September 2010 ?
(A) Mass suicides of farmers
(B) Project JUGNU
(C) Project Aadhaar
(D) None of these
Ans : (C)
52. ‘The Nuclear Power Corporation of India is now in a position to sell “Pressurised Heavy Water Reactors” (PHWRs) to other countries.’ The reactors in question would be of capacity—
(A) 200 MWe or 500 MWe
(B) 240 MWe or 540 MWe
(C) 220 MWe or 500 MWe
(D) 440 MWe or 700 MWe
Ans : (B)
53. Plachimada which has been in news for immense damage to its environment, lies in—
(A) Karnataka
(B) Konkan
(C) Kerala
(D) Tamil Nadu
Ans : (C)
54. By the development of Krishnapatnam Port, which of the following States would be most benefitted ?
(A) Andhra Pradesh
(B) Karnataka
(C) Kerala
(D) Tamil Nadu
Ans : (A)
55. As per new subsidised Central Loan Scheme finalised by HRD Ministry what limit has been fixed for parental annual income to be entitled to full interest subsidy during the period of moratorium ?
(A) Less than Rs. 5 lacs
(B) Less than Rs. 4 lacs
(C) Less than Rs. 4•5 lacs
(D) Less than Rs. 5•5 lacs
Ans : (C)
56. Recently according to a news item, mineral reserves worth $ 1 trillion have been found in Afghanistan. Identify the most important mineral which has been compared to oil-find in Iran.
(A) Gold
(B) Lithium
(C) Cobalt
(D) Iron
Ans : (B)
57. Tejaswini Sawant won gold medal of world championships with world record equaling score at Munich. Which sport did she take part ?
(A) Boxing
(B) Chess
(C) Shooting
(D) Weight lifting
Ans : (C)
58. How many members are there in the Collective Security Treaty Organisation, a defence bloc of former Soviet States ?
(A) 4
(B) 5
(C) 6
(D) 7
Ans : (D)
59. As per Family Welfare Statistics for 2009 released recently by the Union Health Ministry, life expectancy at birth in India for 2006-2010 is—
(A) Males 75•2 and Females 78•6
(B) Males 72•4 and Females 76•3
(C) Males 69•8 and Females 72•3
(D) Males 65•8 and Females 68•1
Ans : (D)
60. A 999 km oil pipeline has been completed recently (Aug-Sept. 2010) between Russia and China. It will start from Angarsk in Russia and will go to which place in China ?
(A) Beijing
(B) Shanghai
(C) Chengchow
(D) Daqing
Ans : (D)
61. A Canadian student has developed a human-powered aircraft that can fly continuously by flopping its wings. It has been named as—
(A) Eagle
(B) Snowbird
(C) Air bird
(D) None of these
Ans : (B)
62. Aircraft maker Boeing of USA have manufactured a special spy plane which is solar powered and will be able to fly non-stop for more than 5 years. It has been named—
(A) Solar Aircraft
(B) Solar Bird
(C) Solar Kite
(D) Solar Eagle
Ans : (D)
63. With Jaipur’s ‘Jantar Mantar’ being granted World Heritage site status by UNESCO, how many sites in India till August 2010 have been granted this status ?
(A) 29
(B) 28
(C) 27
(D) 26
Ans : (B)
64. What is the name of the US solar powered unmanned aerial vehicle which remained airborne continuously for two weeks in July 2010, breaking several aviation records ?
(A) Zircon
(B) Sapphire
(C) Emery
(D) Zephyr
Ans : (D)
65. Rohan Bopanna of India defeated Ricardo Mello in the final singles in Davis Cup in September 2010. Ricardo Mello belongs to which country ?
(A) Spain
(B) France
(C) Brazil
(D) Argentina
Ans : (C)
66. Sushil Kumar became the first Indian to win a Gold Medal in a World Wrestling Championship in September 2010. His opponent belonged to which country in the finals ?
(A) China
(B) Poland
(C) Mexico
(D) Russia
Ans : (D)
67. According to a report released in July 2010, in which country world’s biggest solar power station has been opened ?
(A) France
(B) USA
(C) Germany
(D) Spain
Ans : (D)
68. The first fully literate district, outside the State of Kerala, is—
(A) Chingelpattu, Tamil Nadu
(B) Merkata, Karnataka
(C) Nasik, Maharashtra
(D) Vardhaman, West Bengal
Ans : (D)
69. Mary Kom of India won her fifth successive world title at 2010 Women’s World Boxing Championship by defeating Steluta Duta who belonged to which country ?
(A) Italy
(B) Poland
(C) Romania
(D) Russia
Ans : (C)
70. In the context of space technology what is ‘BHUVAN’ recently in the news ?
(A) The name of the space vehicle proposed to be sent to the moon to probe possible human habitation there
(B) A satellite launched by ISRO promoting distant education India
(C) A space telescope developed by India
(D) A geo-portal of ISRO with 3D imaging capabilities
Ans : (D)
71. Muscle fatigue in humans occurs due to the accumulation of—
(A) Lactic acid
(B) Pyruvic acid
(C) Oxalic acid
(D) Uric acid
Ans : (A)
72. Match List-I with List-II and select the correct answer from the codes given below the lists— List-I
(a) Cusec
(b) Byte
(c) Richter
(d) Bar
List-II
1. Pressure
2. Intensity of Earthquake
3. Rate of Flow
4. Computer
Codes :
(a) (b) (c) (d)
(A) 1 2 3 4
(B) 3 4 2 1
(C) 4 3 2 1
(D) 3 4 1 2
Ans : (B)
73. Which one of the following is used as the coolant in the ‘Fast Breeder Test Reactor’ at Kalpakkam ?
(A) Carbon dioxide
(B) Heavy water
(C) Sea water
(D) Molten sodium
Ans : (D)
74. Artificial light can—
(A) Destroy chlorophyll
(B) Synthesise chlorophyll
(C) Bring about photosynthesis
(D) Not bring about photosynthesis
Ans : (C)
75. An iron ball is heated. The percentage increase will be largest in its—
(A) Diameter
(B) Surface area
(C) Volume
(D) Density
Ans : (C)
76. If a magnet is cut into two pieces of equal length—
(A) Both pieces will lose their magnetism
(B) One piece will act as a North pole and the other as a South pole
(C) One of the pieces will lose its magnetism
(D) Both the pieces will behave as complete magnets
Ans : (D)
77. Which of the following alloys has maximum percentage of copper ?
(A) Brass
(B) Bronze
(C) German Silver
(D) Gun metal
Ans : (D)
78. Sound travels fastest in—
(A) Air
(B) Liquid
(C) Metal
(D) Vacuum
Ans : (C)
79. The bones are held together by elastic tissues are called—
(A) Ligaments
(B) Fibrous tissues
(C) Fibrin
(D) Muscular tissues
Ans : (A)
80. Of the two bulbs in a house, one glows brighter than the other. In this context which of the following statements is correct ?
(A) The bright bulb has larger resistance
(B) The dim bulb has larger resistance
(C) Both the bulbs have same resistance
(D) The brightness does not depend on the resistance
Ans : (B)
81. As per World Development Report 2008 of the World Bank, arrange the following countries according to the size of their economy in descending order and state which one of the following is the correct order ?
(A) China > USA > UK > India
(B) UK > China > USA > India
(C) China > UK > USA > India
(D) USA > China > UK > India
Ans : (A)
82. Consider the following statements about Sugar Industry—
1. In world, India’s share in sugar production is over 15 per cent.
2. Sugar industry is the second largest agro-based industry in India.
3. India is the largest consumer of sugar.
4. India is the largest producer of sugar.
Of these statements—
(A) 1 and 2 are correct
(B) 3 and 4 are correct
(C) 2 and 3 are correct
(D) 1 and 4 are correct
Ans : (C)
83. Poverty in India has been defined in terms of—
(A) Standard of living of the people
(B) Income of the family
(C) Calorie intake
(D) Number of members in a family
Ans : (C)
84. All of the following diseases are caused by virus except—
(A) Jaundice
(B) Influenza
(C) Mumps
(D) Typhoid
Ans : (D)
85. Aam Admi Bima Yojna provides social security to—
(A) All labourers in rural areas
(B) All landless labourers living below the poverty line in rural areas
(C) All labourers in urban areas
(D) All labourers in both rural and urban areas
Ans : (B)
86. According to a policy decision taken by Central Government, the Centre will bear what percentage of expenditure effectively under the “Right of children to Free Education” ?
(A) 64%
(B) 65%
(C) 67%
(D) 68%
Ans : (B)
87. ‘National Social Assistant programme’ is aimed at—
(A) Insurance for poor
(B) Old age pension to very poor
(C) Financial support to Scheduled Castes and Tribes
(D) All of the above
Ans : (D)
88. According to International Energy Agency, which country has emergend as the world’s largest energy consumer in 2009?
(A) Brazil
(B) USA
(C) China with Hong Kong
(D) Russia
Ans : (C)
89. Which one of the following is not correct about the ‘National Rural Health Mission’ ?
(A) The programme was launched during the Eleventh Plan
(B) Focus of the programme is a functional health system at all levels from village to district
(C) Drinking water and sanitation are main components of the programme
(D) Departments of Health and Family Welfare in the States have been merged with the programme
Ans : (A)
90. The objectives of ‘Jawahar Rojgar Yojna’ is to—
(A) Provide employment to youth in rural areas
(B) Create employment opportunities for unemployed persons
(C) Strengthen the rural economic and social structure
(D) All of the above
Ans : (D)
91. If a new State of the Indian Union is to be created, which one of the following Schedules of the Constitution must be amended ?
(A) Fifth Schedule
(B) Third Schedule
(C) Second Schedule
(D) First Schedule
Ans : (D)
92. What was the exact Constitutional Status of the Indian Republic on 26.1.1950 when the Constitution came in force ?
(A) A Democratic Republic
(B) A Sovereign Democratic Republic
(C) A Sovereign Secular Democratic Republic
(D) A Sovereign Socialist Secular Democratic Republic
Ans : (B)
93. Vote on account in the Parliament is necessary—
(A) When Government expenditure is more than Government revenue
(B) For financing big projects in which huge amount of money is required
(C) When regular budget is not expected to be passed in time
(D) None of the above
Ans : (C)
94. In any State of India, Legislative Council can be created or can be abolished by—
(A) The President on the recommendation of the Governor of the State
(B) The Parliament
(C) The Parliament as per Resolution passed by the Legislative Assembly of the State
(D) The Governor on the recommendation of the Council of Ministers
Ans : (C)
95. Centre-State financial relations in India are governed on the recommendation of the—
(A) Constitution of India
(B) Planning Commission
(C) Finance Commission
(D) National Development Council
Ans : (C)
96. ‘Marriage’, ‘Divorce’ and ‘Adoption’ are an entry in the Seventh Schedule of the Constitution under the following—
(A) List I – Union List
(B) List II – State List
(C) List III – Concurrent List
(D) None of these three lists
Ans : (C)
97. Who was the founder of ‘Bahujan Samaj’ ?
(A) Shri Narayana Guru
(B) Mukundrao Patil
(C) Dr. B. R. Ambedkar
(D) V. R. Shinde
Ans : (D)
98. Which one of the following constitutes the Quorum of the Lok Sabha and Rajya Sabha ?
(A) 1/10 of the total members
(B) 1/8 of the total members
(C) 1/6 of the total members
(D) 1/5 of the total members
Ans : (A)
99. Which one of the following is not a Directive Principle of State policy ?
The State shall seek to secure—
(A) Equal pay for equal work for men and women
(B) Equal right to an adequate means of livelihood
(C) Abolition of untouchability
(D) Just and human conditions of work
Ans : (C)
100. Protection of which one of the following is a Fundamental Duty of an Indian citizen ?
(A) Village Panchayat
(B) National Flag
(C) Scheduled Castes / Scheduled Tribes
(D) Wild Life
Ans : (B)
1. The legend of Udayana and Vasavdatta is related to—
(A) Ujjain
(B) Mathura
(C) Mahishmati
(D) Kaushambi
Ans : (D)
2. Which of the following laid the foundation of image worship in the country ?
(A) Jainism
(B) Buddhism
(C) Ajivikas
(D) Vedic religion
Ans : (D)
3. Which one of the following is not associated with the Court of Kanishka ?
(A) Ashvaghosha
(B) Charaka
(C) Nagarjuna
(D) Patanjali
Ans : (D)
4. A horned deity engraved on a terracotta cake has been recovered from—
(A) Banawali
(B) Kalibangan
(C) Lothal
(D) Surkotda
Ans : (C)
5. Kalsi is famous for—
(A) Buddhist Chaityas
(B) Persian Coins
(C) Rock-edicts of Ashoka
(D) Temples of Gupta period
Ans : (C)
6. Which dynasty of rulers is associated with the construction of famous Kailasha Temple of Ellora ?
(A) Chalukyas
(B) Cholas
(C) Pallavas
(D) Rashtrakutas
Ans : (D)
7. Who of the following was associated with the collection of revenue in Mauryan Mantriparishad ?
(A) Samaharta
(B) Vyabharika
(C) Annapala
(D) Pradeshta
Ans : (A)
8. Which river was the heartland of Pandya’s Kingdom ?
(A) Godavari
(B) Krishna
(C) Tungbhadra
(D) Vengi
Ans : (D)
9. Who wrote Dashkumaracharita ?
(A) Bharavi
(B) Bilhana
(C) Dandin
(D) Somadeva
Ans : (C)
10. The Sultans of which dynasty ruled the country for the longest period ?
(A) Khalji dynasty
(B) Lodi dynasty
(C) Slave dynasty
(D) Tughlaq dynasty
Ans : (D)
11. Who of the following among the Nine Gems of Chandragupta was associated with Astrology ?
(A) Vararuchi
(B) Sanku
(C) Khapanaka
(D) Amarsingh
Ans : (B)
12. Which of the following places was the capital of Satvahanas ?
(A) Pratisthan
(B) Nagarjuna Konda
(C) Shakal or Syalkot
(D) Patliputra
Ans : (A)
13. Which of the following factories of Bengal was established by the Dutch ?
(A) Bandel
(B) Chinsura
(C) Hooghly
(D) Srirampur
Ans : (B)
14. A bomb was thrown on the occasion of his State entry into Delhi at—
(A) Lord Curzon
(B) Lord Mayo
(C) Lord Minto
(D) Lord Hardinge
Ans : (D)
15. Aurobindo Ghosh wrote—
(A) Extremist movement
(B) Moderate movement
(C) Kesari
(D) The Divine Life
Ans : (D)
16. Sarnath Stambh was built by—
(A) Harshvardhan
(B) Ashok
(C) Gautam Buddha
(D) Kanishka
Ans : (B)
17. Navda-toli was excavated by—
(A) K. D. Bajpai
(B) V. S. Wakankar
(C) H. D. Sankalia
(D) Mortimer Wheeler
Ans : (C)
18. The division of Mauryan Society into seven classes is particularly mentioned in—
(A) Kautilya’s Arthasashtra
(B) Ashokan edicts
(C) The Puranas
(D) Megasthenes’ Indica
Ans : (D)
19. Which Urdu newspaper was started by Lajpat Rai from Lahore in 1920 ?
(A) Bande Mataram
(B) People
(C) Tribune
(D) Vir Arjun
Ans : (A)
20. Who called the Indian National Congress as a ‘Begging Institute’ ?
(A) B. C. Pal
(B) Tilak
(C) Aurobindo Ghosh
(D) None of them
Ans : (C)
21. Power of Magadha was extended over the Malwa region during the reign period of—
(A) Bimbisar
(B) Ajatshatru
(C) Udayabhadra
(D) Sisunaga
Ans : (D)
22. Who had established ‘India Independence League’ ?
(A) Subhash Chandra Bose
(B) Ras Behari Ghosh
(C) Surendranath Bannerjee
(D) Ras Behari Bose
Ans : (D)
23. Nana Saheb’s Commander-in-Chief was—
(A) Azimullah
(B) Birjis Qadir
(C) Tantia Tope
(D) None of the above
Ans : (C)
24. Which of the following pairs do not match ? Find your answer with the help of given code—
1. British India Society— London
2. East India Association— Kolkata
3. National India Association— London
4. Indian Association— Mumbai
Codes :
(A) 1 and 2
(B) 3 and 4
(C) 1 and 3
(D) 2 and 4
Ans : (D)
25. Which of the following Indian leaders did not support the Khilafat movement ?
(A) Jawahar Lal Nehru
(B) Madan Mohan Malviya
(C) Mohammad Ali
(D) Swami Shraddhanand
Ans : (B)
26. Match List-I with List-II—
List-I
(a) India League
(b) Indian Association
(c) Bhartiya Rashtriya Udar Sangh
(d) United India Patriotic Association
List-II
1. Shishirkumar Ghosh
2. Anand Mohan Bose
3. Saiyyed Ahmad Khan
4. Surendra Nath Bannerjee
Find your answer with the help of given codes—
Codes :
(a) (b) (c) (d)
(A) 1 3 4 2
(B) 2 1 4 3
(C) 3 2 4 1
(D) 1 2 4 3
Ans : (D)
27. One Governor-General took part in one of the Congress Sessions. Identify the Governor General and place where the Session was held.
(A) Lord Irwin → Karachi – 1931
(B) Lord Wellington → Bombay – 1915
(C) Lord Dufferin → Bombay – 1885
(D) Lord Hardinge → Lucknow – 1916
Ans : (C)
28. Who amongst the following were responsible for the formation of the Independence for India League in 1928 ?
1. Jawahar Lal Nehru
2. Subhash Chandra Bose
3. Acharya Narendra Dev
4. Jaya Prakash Narayan
Choose your answer from given codes—
Codes :
(A) 1, 2 and 3
(B) 2, 3 and 4
(C) 1 and 2
(D) 3 and 4
Ans : (C)
29. Who was the Convenor of All India Congress Socialist Party at Patna in 1934 ?
(A) Acharya Narendra Dev
(B) Achyuta Patvardhan
(C) Jaya Prakash Narayan
(D) Dr. Ram Manohar Lohia
Ans : (C)
30. Saddler Commission was associated with—
(A) Judiciary
(B) Revenue Administration
(C) Education
(D) Police Administration
Ans : (C)
31. Damodar is a tributary of river—
(A) Hooghly
(B) Ganga
(C) Padma
(D) Swaranrekha
Ans : (A)
32. Which of the following would you generally associate with Tornadoes ?
(A) Gulf of Mexico
(B) China Sea
(C) Indian Ocean
(D) U. S. A.
Ans : (D)
33. The benefits of which one of the following river valley projects are shared by more than one State ?
(A) Chambal Valley Project
(B) Hirakud Project
(C) Mayurakshi Project
(D) Sharavati Project
Ans : (D)
34. Which of the following Latitudes (North or South) would you associate with ‘Horse Latitudes’ ?
(A) 30°
(B) 45°
(C) 60°
(D) 23½°
Ans : (A)
35. Which of the following is an example of Residual Mountains ?
(A) Himalayas
(B) Kilimanjaro
(C) Etna
(D) Aravalli
Ans : (D)
36. Which one of the following would you associate with metamorphic rocks ?
(A) Copper
(B) Garnet
(C) Manganese
(D) Pyrite
Ans : (B)
37. Which one of the following currents is not a cold current ?
(A) California current
(B) Japanese current
(C) Labrador current
(D) Falkland current
Ans : (B)
38. Match List-I with List-II and select the correct answer from the codes given below the lists—
List-I
(a) Brajraj Nagar
(b) Kaimoor
(c) Haldia
(d) Phoolpur
List-II
1. Cement
2. Fertilizer
3. Petrochemical
4. Paper
Codes :
(a) (b) (c) (d)
(A) 1 2 3 4
(B) 3 4 1 2
(C) 4 1 3 2
(D) 4 3 2 1
Ans : (C)
39. Match List-I with List-II and select the correct answer from the codes given below—
List-I
(a) Mineral Oil
(b) Gypsum
(c) Gold
(d) Bauxite
List-II
1. Orissa
2. Karnataka
3. Gujarat
4. Rajasthan
Codes :
(a) (b) (c) (d)
(A) 3 2 1 4
(B) 2 1 4 3
(C) 4 3 1 2
(D) 3 4 2 1
Ans : (D)
40. The correct sequence in descending order of leading producers of petroleum, in the Middle East is—
(A) Iran, Iraq, Kuwait, Saudi Arabia
(B) Saudi Arabia, Iran, Iraq, Kuwait
(C) Saudi Arabia, Kuwait, Iraq, Iran
(D) Saudi Arabia, Iran, Kuwait, Iraq
Ans : (D)
41. Which amongst the following States/UTs in India has the largest percentage of its geographical area under forest cover ?
(A) Tripura
(B) Andaman and Nicobar
(C) Nagaland
(D) Mizoram
Ans : (D)
42. Given below are four States; find out which amongst them had least sex ratio as per 2001 Census—
(A) Gujarat
(B) Tamil Nadu
(C) Chhattisgarh
(D) Manipur
Ans : (A)
43. Which one of the following is not a correct statement ?
(A) Cocoa cultivation is popular in Ghana
(B) Coffee is an important plantation crop of Brazil
(C) Sri Lanka is famous for the production of tea
(D) Sugarcane is the major plantation crop of Malaysia
Ans : (D)
44. More than half of the country’s production of rice comes from the four States of—
(A) West Bengal, Punjab, Tamil Nadu and Orissa
(B) West Bengal, Uttar Pradesh, Punjab and Andhra Pradesh
(C) Uttar Pradesh, West Bengal, Chhattisgarh and Assam
(D) Punjab, Andhra Pradesh, Bihar and Orissa
Ans : (B)
45. Cardamom hills lie along the border of the States of—
(A) Karnataka and Tamil Nadu
(B) Karnataka and Kerala
(C) Kerala and Tamil Nadu
(D) Tamil Nadu and Andhra Pradesh
Ans : (C)
46. Sangam Yojna is associated with—
(A) Provision of clean drinking water
(B) Provision for cleaning of rivers
(C) Promoting communal harmony
(D) Helping the invalids
Ans : (D)
47. Sarva Shiksha Abhiyaan covers—
(A) All children in age group 3–10
(B) All children in age group 4–8
(C) All children in age group 5–15
(D) All children in age group 6–14
Ans : (D)
48. Identify the country with which India has decided to strengthen security ties (July 2010) and with which joint army exercises were held in June 2010, joint naval exercises held thereafter and joint airforce exercises were held in October 2010—
(A) USA
(B) Indonesia
(C) UK
(D) Australia
Ans : (C)
49. India’s largest shipbreaking yard is located in Gujarat at—
(A) Alang
(B) Kandla
(C) Okha
(D) Porbandar
Ans : (A)
50. Bramha Kamal is naturally found in—
(A) Kaziranga forests
(B) Nilgiri forests
(C) Silent valley
(D) Valley of flowers
Ans : (D)
51. With which of the following would you associate village Tembhli which was in the news in September 2010 ?
(A) Mass suicides of farmers
(B) Project JUGNU
(C) Project Aadhaar
(D) None of these
Ans : (C)
52. ‘The Nuclear Power Corporation of India is now in a position to sell “Pressurised Heavy Water Reactors” (PHWRs) to other countries.’ The reactors in question would be of capacity—
(A) 200 MWe or 500 MWe
(B) 240 MWe or 540 MWe
(C) 220 MWe or 500 MWe
(D) 440 MWe or 700 MWe
Ans : (B)
53. Plachimada which has been in news for immense damage to its environment, lies in—
(A) Karnataka
(B) Konkan
(C) Kerala
(D) Tamil Nadu
Ans : (C)
54. By the development of Krishnapatnam Port, which of the following States would be most benefitted ?
(A) Andhra Pradesh
(B) Karnataka
(C) Kerala
(D) Tamil Nadu
Ans : (A)
55. As per new subsidised Central Loan Scheme finalised by HRD Ministry what limit has been fixed for parental annual income to be entitled to full interest subsidy during the period of moratorium ?
(A) Less than Rs. 5 lacs
(B) Less than Rs. 4 lacs
(C) Less than Rs. 4•5 lacs
(D) Less than Rs. 5•5 lacs
Ans : (C)
56. Recently according to a news item, mineral reserves worth $ 1 trillion have been found in Afghanistan. Identify the most important mineral which has been compared to oil-find in Iran.
(A) Gold
(B) Lithium
(C) Cobalt
(D) Iron
Ans : (B)
57. Tejaswini Sawant won gold medal of world championships with world record equaling score at Munich. Which sport did she take part ?
(A) Boxing
(B) Chess
(C) Shooting
(D) Weight lifting
Ans : (C)
58. How many members are there in the Collective Security Treaty Organisation, a defence bloc of former Soviet States ?
(A) 4
(B) 5
(C) 6
(D) 7
Ans : (D)
59. As per Family Welfare Statistics for 2009 released recently by the Union Health Ministry, life expectancy at birth in India for 2006-2010 is—
(A) Males 75•2 and Females 78•6
(B) Males 72•4 and Females 76•3
(C) Males 69•8 and Females 72•3
(D) Males 65•8 and Females 68•1
Ans : (D)
60. A 999 km oil pipeline has been completed recently (Aug-Sept. 2010) between Russia and China. It will start from Angarsk in Russia and will go to which place in China ?
(A) Beijing
(B) Shanghai
(C) Chengchow
(D) Daqing
Ans : (D)
61. A Canadian student has developed a human-powered aircraft that can fly continuously by flopping its wings. It has been named as—
(A) Eagle
(B) Snowbird
(C) Air bird
(D) None of these
Ans : (B)
62. Aircraft maker Boeing of USA have manufactured a special spy plane which is solar powered and will be able to fly non-stop for more than 5 years. It has been named—
(A) Solar Aircraft
(B) Solar Bird
(C) Solar Kite
(D) Solar Eagle
Ans : (D)
63. With Jaipur’s ‘Jantar Mantar’ being granted World Heritage site status by UNESCO, how many sites in India till August 2010 have been granted this status ?
(A) 29
(B) 28
(C) 27
(D) 26
Ans : (B)
64. What is the name of the US solar powered unmanned aerial vehicle which remained airborne continuously for two weeks in July 2010, breaking several aviation records ?
(A) Zircon
(B) Sapphire
(C) Emery
(D) Zephyr
Ans : (D)
65. Rohan Bopanna of India defeated Ricardo Mello in the final singles in Davis Cup in September 2010. Ricardo Mello belongs to which country ?
(A) Spain
(B) France
(C) Brazil
(D) Argentina
Ans : (C)
66. Sushil Kumar became the first Indian to win a Gold Medal in a World Wrestling Championship in September 2010. His opponent belonged to which country in the finals ?
(A) China
(B) Poland
(C) Mexico
(D) Russia
Ans : (D)
67. According to a report released in July 2010, in which country world’s biggest solar power station has been opened ?
(A) France
(B) USA
(C) Germany
(D) Spain
Ans : (D)
68. The first fully literate district, outside the State of Kerala, is—
(A) Chingelpattu, Tamil Nadu
(B) Merkata, Karnataka
(C) Nasik, Maharashtra
(D) Vardhaman, West Bengal
Ans : (D)
69. Mary Kom of India won her fifth successive world title at 2010 Women’s World Boxing Championship by defeating Steluta Duta who belonged to which country ?
(A) Italy
(B) Poland
(C) Romania
(D) Russia
Ans : (C)
70. In the context of space technology what is ‘BHUVAN’ recently in the news ?
(A) The name of the space vehicle proposed to be sent to the moon to probe possible human habitation there
(B) A satellite launched by ISRO promoting distant education India
(C) A space telescope developed by India
(D) A geo-portal of ISRO with 3D imaging capabilities
Ans : (D)
71. Muscle fatigue in humans occurs due to the accumulation of—
(A) Lactic acid
(B) Pyruvic acid
(C) Oxalic acid
(D) Uric acid
Ans : (A)
72. Match List-I with List-II and select the correct answer from the codes given below the lists— List-I
(a) Cusec
(b) Byte
(c) Richter
(d) Bar
List-II
1. Pressure
2. Intensity of Earthquake
3. Rate of Flow
4. Computer
Codes :
(a) (b) (c) (d)
(A) 1 2 3 4
(B) 3 4 2 1
(C) 4 3 2 1
(D) 3 4 1 2
Ans : (B)
73. Which one of the following is used as the coolant in the ‘Fast Breeder Test Reactor’ at Kalpakkam ?
(A) Carbon dioxide
(B) Heavy water
(C) Sea water
(D) Molten sodium
Ans : (D)
74. Artificial light can—
(A) Destroy chlorophyll
(B) Synthesise chlorophyll
(C) Bring about photosynthesis
(D) Not bring about photosynthesis
Ans : (C)
75. An iron ball is heated. The percentage increase will be largest in its—
(A) Diameter
(B) Surface area
(C) Volume
(D) Density
Ans : (C)
76. If a magnet is cut into two pieces of equal length—
(A) Both pieces will lose their magnetism
(B) One piece will act as a North pole and the other as a South pole
(C) One of the pieces will lose its magnetism
(D) Both the pieces will behave as complete magnets
Ans : (D)
77. Which of the following alloys has maximum percentage of copper ?
(A) Brass
(B) Bronze
(C) German Silver
(D) Gun metal
Ans : (D)
78. Sound travels fastest in—
(A) Air
(B) Liquid
(C) Metal
(D) Vacuum
Ans : (C)
79. The bones are held together by elastic tissues are called—
(A) Ligaments
(B) Fibrous tissues
(C) Fibrin
(D) Muscular tissues
Ans : (A)
80. Of the two bulbs in a house, one glows brighter than the other. In this context which of the following statements is correct ?
(A) The bright bulb has larger resistance
(B) The dim bulb has larger resistance
(C) Both the bulbs have same resistance
(D) The brightness does not depend on the resistance
Ans : (B)
81. As per World Development Report 2008 of the World Bank, arrange the following countries according to the size of their economy in descending order and state which one of the following is the correct order ?
(A) China > USA > UK > India
(B) UK > China > USA > India
(C) China > UK > USA > India
(D) USA > China > UK > India
Ans : (A)
82. Consider the following statements about Sugar Industry—
1. In world, India’s share in sugar production is over 15 per cent.
2. Sugar industry is the second largest agro-based industry in India.
3. India is the largest consumer of sugar.
4. India is the largest producer of sugar.
Of these statements—
(A) 1 and 2 are correct
(B) 3 and 4 are correct
(C) 2 and 3 are correct
(D) 1 and 4 are correct
Ans : (C)
83. Poverty in India has been defined in terms of—
(A) Standard of living of the people
(B) Income of the family
(C) Calorie intake
(D) Number of members in a family
Ans : (C)
84. All of the following diseases are caused by virus except—
(A) Jaundice
(B) Influenza
(C) Mumps
(D) Typhoid
Ans : (D)
85. Aam Admi Bima Yojna provides social security to—
(A) All labourers in rural areas
(B) All landless labourers living below the poverty line in rural areas
(C) All labourers in urban areas
(D) All labourers in both rural and urban areas
Ans : (B)
86. According to a policy decision taken by Central Government, the Centre will bear what percentage of expenditure effectively under the “Right of children to Free Education” ?
(A) 64%
(B) 65%
(C) 67%
(D) 68%
Ans : (B)
87. ‘National Social Assistant programme’ is aimed at—
(A) Insurance for poor
(B) Old age pension to very poor
(C) Financial support to Scheduled Castes and Tribes
(D) All of the above
Ans : (D)
88. According to International Energy Agency, which country has emergend as the world’s largest energy consumer in 2009?
(A) Brazil
(B) USA
(C) China with Hong Kong
(D) Russia
Ans : (C)
89. Which one of the following is not correct about the ‘National Rural Health Mission’ ?
(A) The programme was launched during the Eleventh Plan
(B) Focus of the programme is a functional health system at all levels from village to district
(C) Drinking water and sanitation are main components of the programme
(D) Departments of Health and Family Welfare in the States have been merged with the programme
Ans : (A)
90. The objectives of ‘Jawahar Rojgar Yojna’ is to—
(A) Provide employment to youth in rural areas
(B) Create employment opportunities for unemployed persons
(C) Strengthen the rural economic and social structure
(D) All of the above
Ans : (D)
91. If a new State of the Indian Union is to be created, which one of the following Schedules of the Constitution must be amended ?
(A) Fifth Schedule
(B) Third Schedule
(C) Second Schedule
(D) First Schedule
Ans : (D)
92. What was the exact Constitutional Status of the Indian Republic on 26.1.1950 when the Constitution came in force ?
(A) A Democratic Republic
(B) A Sovereign Democratic Republic
(C) A Sovereign Secular Democratic Republic
(D) A Sovereign Socialist Secular Democratic Republic
Ans : (B)
93. Vote on account in the Parliament is necessary—
(A) When Government expenditure is more than Government revenue
(B) For financing big projects in which huge amount of money is required
(C) When regular budget is not expected to be passed in time
(D) None of the above
Ans : (C)
94. In any State of India, Legislative Council can be created or can be abolished by—
(A) The President on the recommendation of the Governor of the State
(B) The Parliament
(C) The Parliament as per Resolution passed by the Legislative Assembly of the State
(D) The Governor on the recommendation of the Council of Ministers
Ans : (C)
95. Centre-State financial relations in India are governed on the recommendation of the—
(A) Constitution of India
(B) Planning Commission
(C) Finance Commission
(D) National Development Council
Ans : (C)
96. ‘Marriage’, ‘Divorce’ and ‘Adoption’ are an entry in the Seventh Schedule of the Constitution under the following—
(A) List I – Union List
(B) List II – State List
(C) List III – Concurrent List
(D) None of these three lists
Ans : (C)
97. Who was the founder of ‘Bahujan Samaj’ ?
(A) Shri Narayana Guru
(B) Mukundrao Patil
(C) Dr. B. R. Ambedkar
(D) V. R. Shinde
Ans : (D)
98. Which one of the following constitutes the Quorum of the Lok Sabha and Rajya Sabha ?
(A) 1/10 of the total members
(B) 1/8 of the total members
(C) 1/6 of the total members
(D) 1/5 of the total members
Ans : (A)
99. Which one of the following is not a Directive Principle of State policy ?
The State shall seek to secure—
(A) Equal pay for equal work for men and women
(B) Equal right to an adequate means of livelihood
(C) Abolition of untouchability
(D) Just and human conditions of work
Ans : (C)
100. Protection of which one of the following is a Fundamental Duty of an Indian citizen ?
(A) Village Panchayat
(B) National Flag
(C) Scheduled Castes / Scheduled Tribes
(D) Wild Life
Ans : (B)
MISSION IAS
Union Bank of India Probationary Officers Exam., 2010
(Held on 9-1-2011)
General Awareness : Solved Paper 1. The eleventh ‘five year plan’ of India is for the five years ranging from—
(A) 2009–2014
(B) 2008–2013
(C) 2007–2012
(D) 2006–2011
(E) None of these
Ans : (C)
2. DSCR indicates the ability of a company to—
(A) Meet its current liabilities
(B) Service its shareholders
(C) Meet its long term debt obligations
(D) Raise further capital
(E) None of these
Ans : (C)
3. An IPO is—
(A) Initial price offered by a private limited company to its shareholders
(B) An offer by an unlisted company for sale of its shares for the first time to the public
(C) Used to increase the share capital of an unlisted company
(D) A book building process
(E) None of these
Ans : (B)
4. A decreasing current ratio indicates—
(A) A stable liquidity
(B) An increasing liquidity
(C) A strained liquidity
(D) Satisfactory current solvency
(E) None of these
Ans : (E)
5. Private equity investors, invest in a company based mainly on—
(A) The age of the company
(B) The location of the company
(C) The activity undertaken by the company
(D) The creditability and the valuation of the company
(E) The existing profitability of the company
Ans : (E)
6. The synagogue is generally—
(A) An epic
(B) A religion
(C) Jewish House of Prayer
(D) The Parsi temple
(E) A palace
Ans : (C)
7. Deuce is a team used in—
(a) Polo
(b) Lawn tennis
(c) Badminton
(d) Boxing
(e) Volley ball
(A) a, b, c
(B) b, c, d
(C) c, d, a
(D) a, b, e
(E) b, c, e
Ans : (E)
8. ISI is the intelligence agency of—
(A) United Kingdom
(B) United States of America
(C) Israel
(D) Pakistan
(E) India
Ans : (D)
9. Air Traffic Controller's job involves—
1. Control of air traffic in and within vicinity of airport
2. Control of movement of air traffic between altitude, sectors and control centres
3. Following established procedures and policies for air traffic control
4. Control of commercial airline flights according to government regulations
5. To authorize and regulate commercial airline flights
(A) 1, 2
(B) 2, 3
(C) 1, 2, 3, 4
(D) 1, 2, 3, 4, 5
(E) 3, 4, 5
Ans : (A)
10. Animal assisted therapy is employed in—
(A) Operations
(B) ICU
(C) Old age homes
(D) Training animals
(E) Natural healing
Ans : (D)
11. In broad gauge, the distance between the rails is—
(A) 1•00 metre
(B) 3 metre
(C) 1•67 metre
(D) 2•67 metre
(E) 0•76 metre
Ans : (C)
12. Who is Indra Nooyi ?
(A) CEO Coca Cola
(B) CFO PepsiCo.
(C) Managing Director Nano Division
(D) India's permanent representative to UNO
(E) None of these
Ans : (B)
13. ET Now and CNBC TV18, TV Channels essentially broadcast—
(A) English News
(B) Classic English Movies
(C) Political Events and News
(D) Business and Economic News
(E) All important national and international news in English
Ans : (D)
14. Amongst the following sportsmen/women, who has won the first gold medal at Guangzhou Asian Games ?
(A) Yuan Xiachao
(B) Wang Migluen
(C) Zhu Oianward
(D) Takeshi Matsuda
(E) Wu Jingbiao
Ans : (A)
15. With which one of the following fields was Satyajit Ray associated ?
(A) Films
(B) Sports
(C) Social Work
(D) Drama
(E) Short Stories
Ans : (A)
16. ‘Daniel Vettroi’ is captain of which one of the following teams ?
(A) New Zealand Cricket Team
(B) South Africa Cricket Team
(C) New Zealand Basket Ball Team
(D) West Indies Cricket Team
(E) Australia Cricket Team
Ans : (A)
17. Who amongst the following carried Indian Tricolour at Guangzhou Asian Games ?
(A) Sania Mirza
(B) Saina Nehwal
(C) Gagan Narang
(D) Suranjay Singh
(E) Randhir Singh
Ans : (C)
18. Financial ratio analysis of a company helps in understanding—
1. The long term debt raising capacity
2. The short term solvency
3. The reasons for fluctuation in its stock prices
4. The net worth of the company
5. The profitability
(A) 1, 2, 3, 4
(B) 2, 3, 4
(C) 3, 4, 5
(D) 3, 1, 2, 4
(E) 1, 2, 4, 5
Ans : (E)
19. Human breath is visible in winter but not in summer because—
(A) The difference in outside pressure gives visibility to breath
(B) Breath contains certain impurities and visible matters
(C) Water vapour in breath condenses in cold air, making it visible
(D) Breath has heat in it which evaporates in cold air giving visibility
(E) None of these
Ans : (D)
20. Which of the following is/are not the names of Seven North-Eastern States ?
1. Jorhat
2. Manipur
3. Meghalaya
4. Agartala
5. Dimapur
(A) 1, 2, 3
(B) 2, 3, 4
(C) 3, 4, 1
(D) 1, 4, 2
(E) 1, 4, 5
Ans : (E)
21. According to a recent newspaper survey, which one of the following is the most preferred language for leisure reading among the Indian Youth ?
(A) Hindi
(B) Marathi
(C) Bengali
(D) Telugu
(E) English
Ans : (E)
22. Who was Dr. C. Rangarajan ?
(A) Chairman, PMEAC
(B) Member, Planning Commission
(C) Chief Economist, IBA
(D) RBI Governor
(E) Member, Minority Commission
Ans : (D)
23. Which of the following is an oilseed ?
(A) Garlic
(B) Clove
(C) Cardamom
(D) Cumin Seed
(E) Mustard
Ans : (E)
24. The RBI reviews its credit and monetary policy at regular intervals and also in between. What is the purpose of the same ?
1. To ensure that inflation does not cross the limit
2. To ensure that banks have enough liquidity
3. To ensure that cost of the fund does not reach a very high level
(A) Only 1
(B) Only 2
(C) All 1, 2 and 3
(D) Only 2 and 3
(E) None of these
Ans : (C)
25. The name of the white revolution is associated with—
(A) J. V. Narlikar
(B) J. C. Bose
(C) Kurien Verghese
(D) M. S. Swaminathan
(E) C. Rangarajan
Ans : (C)
26. The cabinet committee recently approved the ‘IGMSY’ a scheme for the welfare of the people of India. Who amongst the following will get the benefit of the scheme ?
(A) Mothers and pregnant women
(B) Children upto 12 years of age
(C) Youth
(D) Old and Senior Citizens
(E) All the above
Ans : (A)
27. The Govt. of India provides direct financial support to which of the following schemes ?
(A) Jeevan Bharati Scheme
(B) ULIP
(C) Sampoorna Grameen Rozgar Yojana
(D) Packing Credit Guarantee Scheme
(E) All of the above
Ans : (C)
28. Who amongst the following is a famous Urdu author/poet who received Jnanpith Award recently ?
(A) Akhlaq Khan Shahryar
(B) ONV Kurup
(C) Khushwant Singh
(D) Krishna Sobti
(E) None of these
Ans : (A)
29. Who amongst the following is the author of the Book ‘A Bend in the River’ ?
(A) V. S. Naipaul
(B) Arun Shourie
(C) Octavia Paz
(D) Daniel Defoe
(E) Walter Scott
Ans : (A)
30. Which of the following is called the pink city of India ?
(A) Kolkata
(B) Lucknow
(C) Kota
(D) Hyderabad
(E) Jaipur
Ans : (E)
31. Which of the following states got a new Chief Minister without new assembly elections ?
(A) Goa
(B) Madhya Pradesh
(C) Jharkhand
(D) Gujarat
(E) Delhi
Ans : (C)
32. A two days National level conference/event was organised in Chandigarh in September 2010. Which was the conference / event ?
(A) Miss India 2010
(B) Asian Women Hockey Finals 2010
(C) Conference of the Finance Ministers of SAARC
(D) National Rabi Conference
(E) None of these
Ans : (E)
33. Which of the following Summits took place in Hanoi in October 2010 ?
(A) ASEAN Summit
(B) SAARC Summit
(C) G-20 Summit
(D) G-8 Summit
(E) None of these
Ans : (A)
34. The Reserve Bank does not have an office in—
(A) Kanpur
(B) Jaipur
(C) Lucknow
(D) Bhopal
(E) Gulbarga
Ans : (E)
35. A Badminton player is supposed to know the meaning of the term—
(A) Bouncer
(B) Love
(C) LBW
(D) Punch
(E) Booster
Ans : (B)
36. Who amongst the following is the receipient of the Rajiv Gandhi Khel Ratna Award 2010 ?
(A) Ishant Sharma
(B) Hariom Singh
(C) M. S. Dhoni
(D) Sushil Kumar
(E) Saina Nehwal
Ans : (E)
37. India extended a credit of US $ 250 million to which of the following countries, which will be used for infrastructural development there ?
(A) China
(B) Pakistan
(C) Myanmar
(D) Nepal
(E) Sudan
Ans : (D)
38. Which one of the following makes a case for intensive, modern farming ?
(A) Higher output using organic method
(B) Remunerative price
(C) Cropping pattern
(D) Land acquisition for nonagricultural needs
(E) None of these
Ans : (C)
39. In which one of the following States multi-thousand-foodgrain scam has recently been noticed by the High Court ?
(A) M. P.
(B) Orissa
(C) Bihar
(D) Jharkhand
(E) U. P.
Ans : (C)
40. Which one of the following is the objective of Corporate Social Responsibility (CSR) issued by the Government ?
(A) To ensure that Companies take steps for rehabilitation of project affected people
(B) To ensure that Companies use some of their profits for educating the project affected people
(C) To ensure that Companies provide health care to project affected people
(D) To ensure that Companies take preventive measures to avoid environmental damage
(E) None of these
Ans : (A)
41. A hockey player is supposed to know the meaning of the term—
(A) Dead Ball
(B) Bouncer
(C) LBW
(D) Penalty Corner
(E) Frozen Ball
Ans : (D)
42. Which one of the following have provided bailout package to Ireland to deal with its debt crisis ?
(A) EU only
(B) IMF only
(C) World Bank only
(D) Only (A) and (B) above
(E) All (A), (B) and (C) above
Ans : (D)
43. Which one of the following Indian Company is the only company from India to be included in the Top Ten 2010 Value creators Global Ranking released by global management consulting firm BCG ?
(A) RIL
(B) Tata Steel
(C) Bharti Airtel
(D) JSPL
(E) Bajaj Auto
Ans : (D)
44. Which one of the following has launched guidebook on standards for exporters ?
(A) RBI
(B) SEBI
(C) IBA
(D) UNIDO
(E) UNESCO
Ans : (D)
45. BIPA with Sudan comes into effect was the news in various newspaper recently. It is an agreement for—
(A) Investment in a country
(B) Peaceful use of atomic power
(C) Allowing students to visit each other's nation
(D) Allowing people to come for medical treatment
(E) To form an alliance with each other in case of a war
Ans : (A)
46. In which one of the following sports Sandhya Rani Devi bagged Silver in Asiad 2010 Games ?
(A) Shooting
(B) Squash
(C) Taekwondo
(D) Ten-pin bowling
(E) Wushu
Ans : (E)
47. Which of the following terms is normally not seen in the field of International Relations ?
(A) Exchange Rate
(B) Free Trade
(C) MFN
(D) Alluvial Soil
(E) OECD
Ans : (D)
48. According to mid term review of Indian economy, which one of the following segments will be the major contributor to GDP growth ?
(A) Agriculture
(B) Industry
(C) Services
(D) Mining
(E) None of these
Ans : (C)
49. Which of the following films directed by Aamir Khan was sent for OSCARs Award nominations from India ?
(A) Rang De Basanti
(B) Peepli Live
(C) Tare Zamin Par
(D) Lagan
(E) None of these
Ans : (B)
50. In which one of the following states, population growth rate is lower than national average ?
(A) Delhi
(B) Gujarat
(C) Chhattisgarh
(D) Himachal Pradesh
(E) Orissa
Ans : (E)
(Held on 9-1-2011)
General Awareness : Solved Paper 1. The eleventh ‘five year plan’ of India is for the five years ranging from—
(A) 2009–2014
(B) 2008–2013
(C) 2007–2012
(D) 2006–2011
(E) None of these
Ans : (C)
2. DSCR indicates the ability of a company to—
(A) Meet its current liabilities
(B) Service its shareholders
(C) Meet its long term debt obligations
(D) Raise further capital
(E) None of these
Ans : (C)
3. An IPO is—
(A) Initial price offered by a private limited company to its shareholders
(B) An offer by an unlisted company for sale of its shares for the first time to the public
(C) Used to increase the share capital of an unlisted company
(D) A book building process
(E) None of these
Ans : (B)
4. A decreasing current ratio indicates—
(A) A stable liquidity
(B) An increasing liquidity
(C) A strained liquidity
(D) Satisfactory current solvency
(E) None of these
Ans : (E)
5. Private equity investors, invest in a company based mainly on—
(A) The age of the company
(B) The location of the company
(C) The activity undertaken by the company
(D) The creditability and the valuation of the company
(E) The existing profitability of the company
Ans : (E)
6. The synagogue is generally—
(A) An epic
(B) A religion
(C) Jewish House of Prayer
(D) The Parsi temple
(E) A palace
Ans : (C)
7. Deuce is a team used in—
(a) Polo
(b) Lawn tennis
(c) Badminton
(d) Boxing
(e) Volley ball
(A) a, b, c
(B) b, c, d
(C) c, d, a
(D) a, b, e
(E) b, c, e
Ans : (E)
8. ISI is the intelligence agency of—
(A) United Kingdom
(B) United States of America
(C) Israel
(D) Pakistan
(E) India
Ans : (D)
9. Air Traffic Controller's job involves—
1. Control of air traffic in and within vicinity of airport
2. Control of movement of air traffic between altitude, sectors and control centres
3. Following established procedures and policies for air traffic control
4. Control of commercial airline flights according to government regulations
5. To authorize and regulate commercial airline flights
(A) 1, 2
(B) 2, 3
(C) 1, 2, 3, 4
(D) 1, 2, 3, 4, 5
(E) 3, 4, 5
Ans : (A)
10. Animal assisted therapy is employed in—
(A) Operations
(B) ICU
(C) Old age homes
(D) Training animals
(E) Natural healing
Ans : (D)
11. In broad gauge, the distance between the rails is—
(A) 1•00 metre
(B) 3 metre
(C) 1•67 metre
(D) 2•67 metre
(E) 0•76 metre
Ans : (C)
12. Who is Indra Nooyi ?
(A) CEO Coca Cola
(B) CFO PepsiCo.
(C) Managing Director Nano Division
(D) India's permanent representative to UNO
(E) None of these
Ans : (B)
13. ET Now and CNBC TV18, TV Channels essentially broadcast—
(A) English News
(B) Classic English Movies
(C) Political Events and News
(D) Business and Economic News
(E) All important national and international news in English
Ans : (D)
14. Amongst the following sportsmen/women, who has won the first gold medal at Guangzhou Asian Games ?
(A) Yuan Xiachao
(B) Wang Migluen
(C) Zhu Oianward
(D) Takeshi Matsuda
(E) Wu Jingbiao
Ans : (A)
15. With which one of the following fields was Satyajit Ray associated ?
(A) Films
(B) Sports
(C) Social Work
(D) Drama
(E) Short Stories
Ans : (A)
16. ‘Daniel Vettroi’ is captain of which one of the following teams ?
(A) New Zealand Cricket Team
(B) South Africa Cricket Team
(C) New Zealand Basket Ball Team
(D) West Indies Cricket Team
(E) Australia Cricket Team
Ans : (A)
17. Who amongst the following carried Indian Tricolour at Guangzhou Asian Games ?
(A) Sania Mirza
(B) Saina Nehwal
(C) Gagan Narang
(D) Suranjay Singh
(E) Randhir Singh
Ans : (C)
18. Financial ratio analysis of a company helps in understanding—
1. The long term debt raising capacity
2. The short term solvency
3. The reasons for fluctuation in its stock prices
4. The net worth of the company
5. The profitability
(A) 1, 2, 3, 4
(B) 2, 3, 4
(C) 3, 4, 5
(D) 3, 1, 2, 4
(E) 1, 2, 4, 5
Ans : (E)
19. Human breath is visible in winter but not in summer because—
(A) The difference in outside pressure gives visibility to breath
(B) Breath contains certain impurities and visible matters
(C) Water vapour in breath condenses in cold air, making it visible
(D) Breath has heat in it which evaporates in cold air giving visibility
(E) None of these
Ans : (D)
20. Which of the following is/are not the names of Seven North-Eastern States ?
1. Jorhat
2. Manipur
3. Meghalaya
4. Agartala
5. Dimapur
(A) 1, 2, 3
(B) 2, 3, 4
(C) 3, 4, 1
(D) 1, 4, 2
(E) 1, 4, 5
Ans : (E)
21. According to a recent newspaper survey, which one of the following is the most preferred language for leisure reading among the Indian Youth ?
(A) Hindi
(B) Marathi
(C) Bengali
(D) Telugu
(E) English
Ans : (E)
22. Who was Dr. C. Rangarajan ?
(A) Chairman, PMEAC
(B) Member, Planning Commission
(C) Chief Economist, IBA
(D) RBI Governor
(E) Member, Minority Commission
Ans : (D)
23. Which of the following is an oilseed ?
(A) Garlic
(B) Clove
(C) Cardamom
(D) Cumin Seed
(E) Mustard
Ans : (E)
24. The RBI reviews its credit and monetary policy at regular intervals and also in between. What is the purpose of the same ?
1. To ensure that inflation does not cross the limit
2. To ensure that banks have enough liquidity
3. To ensure that cost of the fund does not reach a very high level
(A) Only 1
(B) Only 2
(C) All 1, 2 and 3
(D) Only 2 and 3
(E) None of these
Ans : (C)
25. The name of the white revolution is associated with—
(A) J. V. Narlikar
(B) J. C. Bose
(C) Kurien Verghese
(D) M. S. Swaminathan
(E) C. Rangarajan
Ans : (C)
26. The cabinet committee recently approved the ‘IGMSY’ a scheme for the welfare of the people of India. Who amongst the following will get the benefit of the scheme ?
(A) Mothers and pregnant women
(B) Children upto 12 years of age
(C) Youth
(D) Old and Senior Citizens
(E) All the above
Ans : (A)
27. The Govt. of India provides direct financial support to which of the following schemes ?
(A) Jeevan Bharati Scheme
(B) ULIP
(C) Sampoorna Grameen Rozgar Yojana
(D) Packing Credit Guarantee Scheme
(E) All of the above
Ans : (C)
28. Who amongst the following is a famous Urdu author/poet who received Jnanpith Award recently ?
(A) Akhlaq Khan Shahryar
(B) ONV Kurup
(C) Khushwant Singh
(D) Krishna Sobti
(E) None of these
Ans : (A)
29. Who amongst the following is the author of the Book ‘A Bend in the River’ ?
(A) V. S. Naipaul
(B) Arun Shourie
(C) Octavia Paz
(D) Daniel Defoe
(E) Walter Scott
Ans : (A)
30. Which of the following is called the pink city of India ?
(A) Kolkata
(B) Lucknow
(C) Kota
(D) Hyderabad
(E) Jaipur
Ans : (E)
31. Which of the following states got a new Chief Minister without new assembly elections ?
(A) Goa
(B) Madhya Pradesh
(C) Jharkhand
(D) Gujarat
(E) Delhi
Ans : (C)
32. A two days National level conference/event was organised in Chandigarh in September 2010. Which was the conference / event ?
(A) Miss India 2010
(B) Asian Women Hockey Finals 2010
(C) Conference of the Finance Ministers of SAARC
(D) National Rabi Conference
(E) None of these
Ans : (E)
33. Which of the following Summits took place in Hanoi in October 2010 ?
(A) ASEAN Summit
(B) SAARC Summit
(C) G-20 Summit
(D) G-8 Summit
(E) None of these
Ans : (A)
34. The Reserve Bank does not have an office in—
(A) Kanpur
(B) Jaipur
(C) Lucknow
(D) Bhopal
(E) Gulbarga
Ans : (E)
35. A Badminton player is supposed to know the meaning of the term—
(A) Bouncer
(B) Love
(C) LBW
(D) Punch
(E) Booster
Ans : (B)
36. Who amongst the following is the receipient of the Rajiv Gandhi Khel Ratna Award 2010 ?
(A) Ishant Sharma
(B) Hariom Singh
(C) M. S. Dhoni
(D) Sushil Kumar
(E) Saina Nehwal
Ans : (E)
37. India extended a credit of US $ 250 million to which of the following countries, which will be used for infrastructural development there ?
(A) China
(B) Pakistan
(C) Myanmar
(D) Nepal
(E) Sudan
Ans : (D)
38. Which one of the following makes a case for intensive, modern farming ?
(A) Higher output using organic method
(B) Remunerative price
(C) Cropping pattern
(D) Land acquisition for nonagricultural needs
(E) None of these
Ans : (C)
39. In which one of the following States multi-thousand-foodgrain scam has recently been noticed by the High Court ?
(A) M. P.
(B) Orissa
(C) Bihar
(D) Jharkhand
(E) U. P.
Ans : (C)
40. Which one of the following is the objective of Corporate Social Responsibility (CSR) issued by the Government ?
(A) To ensure that Companies take steps for rehabilitation of project affected people
(B) To ensure that Companies use some of their profits for educating the project affected people
(C) To ensure that Companies provide health care to project affected people
(D) To ensure that Companies take preventive measures to avoid environmental damage
(E) None of these
Ans : (A)
41. A hockey player is supposed to know the meaning of the term—
(A) Dead Ball
(B) Bouncer
(C) LBW
(D) Penalty Corner
(E) Frozen Ball
Ans : (D)
42. Which one of the following have provided bailout package to Ireland to deal with its debt crisis ?
(A) EU only
(B) IMF only
(C) World Bank only
(D) Only (A) and (B) above
(E) All (A), (B) and (C) above
Ans : (D)
43. Which one of the following Indian Company is the only company from India to be included in the Top Ten 2010 Value creators Global Ranking released by global management consulting firm BCG ?
(A) RIL
(B) Tata Steel
(C) Bharti Airtel
(D) JSPL
(E) Bajaj Auto
Ans : (D)
44. Which one of the following has launched guidebook on standards for exporters ?
(A) RBI
(B) SEBI
(C) IBA
(D) UNIDO
(E) UNESCO
Ans : (D)
45. BIPA with Sudan comes into effect was the news in various newspaper recently. It is an agreement for—
(A) Investment in a country
(B) Peaceful use of atomic power
(C) Allowing students to visit each other's nation
(D) Allowing people to come for medical treatment
(E) To form an alliance with each other in case of a war
Ans : (A)
46. In which one of the following sports Sandhya Rani Devi bagged Silver in Asiad 2010 Games ?
(A) Shooting
(B) Squash
(C) Taekwondo
(D) Ten-pin bowling
(E) Wushu
Ans : (E)
47. Which of the following terms is normally not seen in the field of International Relations ?
(A) Exchange Rate
(B) Free Trade
(C) MFN
(D) Alluvial Soil
(E) OECD
Ans : (D)
48. According to mid term review of Indian economy, which one of the following segments will be the major contributor to GDP growth ?
(A) Agriculture
(B) Industry
(C) Services
(D) Mining
(E) None of these
Ans : (C)
49. Which of the following films directed by Aamir Khan was sent for OSCARs Award nominations from India ?
(A) Rang De Basanti
(B) Peepli Live
(C) Tare Zamin Par
(D) Lagan
(E) None of these
Ans : (B)
50. In which one of the following states, population growth rate is lower than national average ?
(A) Delhi
(B) Gujarat
(C) Chhattisgarh
(D) Himachal Pradesh
(E) Orissa
Ans : (E)
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