Question for Bank Exam

1. VAT is imposed—
(A) Directly on consumer
(B) On final stage of production
(C) On first stage of production
(D) On all stages between production and final sale
Ans : (D)

2. The newly appointed person as Chairman of CBDT is—
(A) S. Sridhar
(B) S. S. N. Moorti
(C) Rajiv Chandrashekhar
(D) Venugopal Dhoot
Ans : (B)

3. Kutir Jyoti scheme is associated with—
(A) Promoting cottage industry in villages
(B) Promoting employment among rural unemployed youth
(C) Providing electricity to rural families living below the poverty line
(D) All of these
Ans : (C)


4. Novelis has been acquired and merged with—
(A) Tata Steels
(B) SAIL
(C) HINDALCO
(D) Jindal Steels
Ans : (C)

5. OTCEI is—
(A) Atomic Submarine of China
(B) Economic Policy of USA
(C) An Indian Share Market
(D) A Defence Research Organisation
Ans : (C)

6. Foreign Trade Policy 2009–14 document fixes the export target for 2010-11 as—
(A) $ 140 billion
(B) $ 175 billion
(C) $ 150 billion
(D) $ 200 billion
Ans : (D)

7. The amount of disinvestment proposed in the central budget for 2010-11 is—
(A) Rs. 25,000 crore
(B) Rs. 40,000 crore
(C) Rs. 65,000 crore
(D) Rs.68,000 crore
Ans : (B)

8. The base year of Industrial Production Index is being shifted from 1993-94 to—
(A) 2004-05
(B) 1999
(C) 2000-01
(D) 1999-2000
Ans : (C)

9. In main Budget proposals for 2010-11, which of the following gives 23% contribution in revenue collection of union government ?
(A) Income Tax
(B) Excise
(C) Corporation Tax
(D) Non-tax Revenue
Ans : (C)

10. The base year of present Consumer Price Index (CPI) for Urban Non-Manual Employees (CPI—UNME) is—
(A) 1980-81
(B) 1981-82
(C) 1982-83
(D) 1984-85
Ans : (D)

11. CAPART is related with—
(A) Assisting and evaluating rural welfare programmes
(B) Computer hardware
(C) Consultant service of export promotion
(D) Controlling pollution in big industries
Ans : (A)

12. Note issuing deptt. of RBI should always possess the minimum gold stock of worth—
(A) Rs. 85 crore
(B) Rs. 115 crore
(C) Rs. 200 crore
(D) None of these
Ans : (B)

13. Which of the following does not grant any tax rebate ?
(A) National Saving Certificate
(B) Indira Vikas Patra
(C) National Saving Scheme
(D) Public Providend Fund
Ans : (B)

14. Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on—
(A) 31 March, 1997
(B) 31 March, 1996
(C) 1 April, 1992
(D) 1 April, 1995
Ans : (A)

15. SEBI was established in—
(A) 1993
(B) 1992
(C) 1988
(D) 1990
Ans : (C)

16. The working of SEBI includes—
(A) To regulate the dealings of share market
(B) To check the foul dealings in share market
(C) To control the inside trading of shares
(D) All of these
Ans : (D)

17. The ‘Ad hoc Treasury Bill System’ of meeting budget deficit in India was replaced by ‘Ways and Means Advances System’ which has come into force on—
(A) March 31, 1997
(B) April 1, 1996
(C) April 1, 1997
(D) None of these
Ans : (C)

18. Fiscal deficit as a percentage of GDP was 4•0% in 2004-05 which increased in 2010-11 (Budget Estimates) to—
(A) 5•0%
(B) 5•1%
(C) 5•5%
(D) 6•0%
Ans : (C)

19. Which is the first Export Processing Zone declared as Free Trade Zone in India ?
(A) Kandla
(B) Noida
(C) Santacruz
(D) Falta
Ans : (C)

20. Which statement of the following is true for IMF ?
(A) It is not an agency of UNO
(B) It can grant loan to any country of the world
(C) It can grant loan to state Govt. of a country
(D) It grants loan only to member nations
Ans : (D)