current economy one liners

1. RBI’s open market operation transactions are carried out with a view to regulate ____ (A) Liquidity in the economy  (B) Prices of essential commodities    (C) Inflation (D) Borrowing power of the banks     (E) All the above 2. Open market operations , one of the measures taken by RBI in order to control credit expansion in the economy means Ans ____  Sale or purchase of Govt. securities 3. The bank rate means Ans ___  Rate at which RBI purchases or rediscounts bills of exchange of commercial banks 4. What is an Indian Depository Receipt? Ans  An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company 5. Fiscal deficit is ____ Ans  total expenditure less total receipts excluding borrowing 6. In the capital market , the term arbitrage is used with reference to ____ Ans    simultaneous purchase and sale of securities to make profits from price 7. The stance of RBI monetary policy is _____ (A) inflation control with adequate liquidity for growth   (B) improving credit quality of the Banks  (C) strengthening credit delivery mechanism    (D) supporting investment demand in the economy      (E) Any of the above 8. Currency Swap is an instrument to manage ___  Ans      cash flows in different currency 9. "Sub-prime" refers to_______ Ans   lending done by financing institutions including banks to customers not  meeting with          normally required credit appraisal standards 10. Euro Bond is an instrument _____  Ans    issued in a country other than the country of the currency of the Bond 11. Money laundering normally involves _____ (A) placement of funds  (B) layering of funds  (C) integrating of funds   (D) All of (A), (B) & (C) 12. The IMF and the World Bank were conceived as institutions to ____ (A) strengthening international economic co-operation and to help create a more stable and  prosperous global economy   (B) IMF promotes international monetary cooperation    (C) The World Bank promotes long term economic development and poverty reduction   (D) All of (A),(B) & (C) 13. Capital Market Regulator is _____       Ans    SEBI 14. In the term BRICS , R stands for ______ Ans  Russia 15. FDI refers to _____       Ans     Foreign Direct Investment 16. Which is the first Indian company to be listed in NASDAQ?      Ans   Infosys(1999) 17. Which of the following is the Regulator of the credit rating agencies in India?  Ans   SEBI 18. Who is Brand Endorsing Personality of Bank of Baroda?     Ans  Rahul Dravid 19. The Branding Line of Bank of Baroda is ____    Ans     India's International Bank 20. The logo of Bank of Baroda is known as ___    Ans    Baroda Sun 21. One of the major challenges banking industries is facing these days is money laundering. Which of the following acts/ norms are launched by the banks by the banks to prevent money laundering in general ?      Ans    Know your customer norms 22. Lot of Banks in India these days are offering M-Banking Facility to their customers . What is the full form of 'M' in 'M-Banking'?   Ans  Mobile Phone 23. Which of the following is/are true about the "Sub-Prime Crisis" ? (The term was very much in news recently.) (1) It is a Mortage Crisis referring to Credit default by the borrowers   (2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers    (3) This crisis originated of negligence in credit rating of the borrowers    All 1,2 & 3 24. Which of the following is NOT the part of the structure of the financial System in India ? (A) Industrial Finance  (B) Agricultural Finance  (C) Government Finance   (D) Development Finance (E) Personal Finance      Ans (E) 25. Which of the following is NOT the part of the Scheduled Banking structure in India ? (A) Money Lenders  (B) Public Sector Banks  (C) Private Sector Banks  (D) Regional Rural Banks (E) State Co-operative Banks  Ans (A) 26. As we all know Govt. of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Govt. ? (1) Tax on Income  (2) Tax on Expenditure  (3) Tax on property or Capital Asset   (4) Tax on Goods and Services Ans  All 1,2,3 & 4 27. We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives ?                 Ans  To attract foreign investment directly & export promotion 28. Which of the following groups of the countries has almost 50% share in Global emission of carbon every year ? Ans  US, Russia, China & India 29. Many times we read about Future Trading in newspapers. What is Future Trading ? Ans It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price 30. Hillary Clinton formally suspended her campaign to ensure election of who amongst the following for the next President of USA?   Ans  Barack Obama 31. Hugo Chavez whose name was recently in news is the _____    Ans    President of Venezuela 32. The Govt. of India has raised the amount of the loan Waiver to the farmers by 20%. Now the amount is nearly _____   Ans   Rs. 60,000 crores 33. Delimitation Commission has made a recommendation the next Census should be Panchayat-wise. When is the next Census due ?       Ans    2011 34. The world Health Organization has urged that advertisements of which of the following should be banned to protect youth from bad effects of the same ?   Ans  Tobacco 35. Which of the following countries has allocated a huge amount of US $ 10 billion to provide relief to its earthquake victims ?       Ans   China 36. Which of the foloowing names is NOT closely associated with space Programme of India or any other country ? (A) CARTOSAT  (B) NLS-5  (C) RUBIN-8  (D) GSLV   (E) SCOPE        Ans (E) 37. Vijay Hazare Trophy is associated with game of _____  Ans  Cricket 38. Which of the following was theme of the Olympic Torch ?   Ans  Journey of Harmony 39. Which of the following schemes is NOT a social development Scheme ? (A) Indira Awas Yojana  (B) Mid Day Meal  (C) Bharat Nirman Yojana  (D) Sarva Siksha Abhiyan 40. Which of the following is NOT a member of ASEAN ? (A) Maleysia  (B) Indonesia  (C) Vietnam  (D) Britain   (E) Singapore     Ans (D) 41. Which of the following awards are given for the excellence in the field of Sports ? (A) Kalinga Prize  (B) Shanti Swarup Bhatnagar Award  (C) Arjun Award  (D) Pulitzer Award 42. Inflation in India is measured on which of the following indexes/indicators ? (A) Cost of Living Index (COLI)  (B) Consumer Price Index (CPI)  (C) Gross Domestic Product (GDP) (D) Wholesale Price Index (WPI)  Ans (D) 43. As a policy to boost the agricultural sector in the country, the Govt. of India has taken several special measures over the years. Which of the following cannot be considered a measure/ measures which will have a direct impact(s) on the agricultural sector ? 1. Setting up of a National Food Processing Bank. 2. Opening irrigation, sanitation and water projects for development under public private participation.  3. Efforts to bring down fiscal deficit to 5.5 per cent level of GDP. 44. The Govt. of India is plannning to bring a Second Green Revolution. This will be launched specifically for which of the following parts of the country ?           Ans    North East and Eastern Regions 45. As we all know, the limit of exemption on personal income tax has been raised by Rs. 10,000. Whenever a relief in direct taxes is given, the underlying motive is always to make money available for which of the following purposes ? 1. Savings   2. Investment for High returns   3. Personal Consumption   Ans Only 1 and 3 46. As we know, a special scheme ‘One Village One Project’ is in vogue in some parts of our country and has proved a good incentive to boost the rural economy and the agricultural sector. Now the Govt. has decided to develop 60,000 villages to produce which of the following single crops as a major crop ? (A) Pulses or Oilseeds  (B) Wheat or Bajra  (C) Sugar or Jute   (D) Sunflower or Rose flower