21. The total value of all final goods and services produced within a nation in a particular year,
plus income earned by its citizens (including income of those located abroad), minus
income of non-residence located in that country, is called
a. GDP b. GNP c. PPP d. GNI e. None of these
22. Name plant scientist who won the USD 250,000 World Food Prize for his contribution in
increasing global wheat production by more than 200 mn tonnes in the years following the
Green Revolution?
a. Gebisa Ejeta b. Daniel Hillel c. Robert Fraley
d. Sanjaya Rajaram e. None of these
23. The public sector thermal and hydro power generation company NTPC has sought lifiting
of embargo on Lata Tapovan project work. The project was to come up in which of the
following states?
a. Himachal Pradesh b. Sikkim c. Arunachal Pradesh
d. Jammu & Kashmir e. Uttarakhand
24. The Bangalore-based GMR Infrastructure won the arbitration proceedings initiated
against the govt of which of the following countries after the latter had unilaterally
cancelled the $500-mn contract given to GMR?
a. Sri Lanka b. Maldives c. Myanmar
d. Malaysia e. None of these
25. As per the latest data released by the Swiss National Bank (SNB), Switzerland’s central
banking authority, Indian money is Swiss banks has risen to over
a. 14,000 cr b.
d. 34,000 cr e. None of these
26. The Chinese govt has published a white paper on Hong Kong that stresses its authority
over the territory. Hong kong was handed over to China on 1 Jul 1997 by
a. UK b. Germany c. Russia d. France e. None of these
27. Who among the following is NOT associated with day-to-day functioning of the Reserve
Bank of India?
a. R Gandhi b. Urjit R Patel c. HR Khan
d. KC Chakrabatry e. None of these
28. India has emerged as a major player in the global agriculture market. The agriculture
sector accounted for about what per cent of the gross domestic product (GDP) in 2013?
a. 8 per cent b. 10 per cent c. 12 per cent
d. 14 per cent e. None of these
29. Which of the following gases in NOT a Greenhouse Gas? The greenhouse gases are
responsible for global warming.
a. Methane b. Nitrous Oxide c. CFC-12
d. Carbon Dioxide e. None of these
30. Which of the following is/are the feature(s) of the ambitious Mahatma Gandhi National
Rural Employment Guarantee Act (MGNREGA) programme launched by the govt?
a. It aims at enhancing the livelihood security of people in rural areas.
b. It guarantees hundred days of wage employment in a financial year to do unskilled
manual work.
c. It provides for medical care of up to
empanelled hospitals.
d. Only (a) and (b)
e. Only (b) and (c)
31. Which of the following is a path-breaking initiative by the Union Govt and the Indian
Banks ‘Association aimed at bringing the underprivileged segments of Indian population
into the formal banking fold for the first time?
a. Ek Nayi Shuruat b. Swavalamban c. Antyodaya Yojana
d. Swabhimaan e. None of these
32. The Union Govt is considering amending the Agriculture Produce Market Committee
(APMC) Act. Under the Act the farmers can sell their produce only to who among the
following?
a. Retailers b. Consumers c. Traders and Middlemen
d. Local hawker’s e. None of these
33. What does letter ‘A’ denote in the term LAF?
a. Advance b. Adjustment c. Adequacy
d. Availability e. None of these
34. Which among the following is a savings bank account opened with a commercial bank
with zero or very minimal balance?
a. Current Account b. Call Deposit c. No Frill Account
d. Deposit Account e. None of these
35. Which of the following statements is are correct with respect to the warship INS
Vikramaditya Commissioned into the Indian Navy recently?
a. The 44,500-tonnes aircraft carrier carries 1,500 personnel.
b. With her complete stock of provisions, she is capable of sustaining herself at sea for
about 90 days.
c. It is a modified Kiev-class aircraft carrier which was purchased by India from Russia
for over
d. All the above
e. Only (a) and (c)
36. Militant separatist group ISIS is in news for its recent activities in which of the following
countries?
a. Iraq b. Iran c. Libya d. Nigeria e. None of these
37. Which of the following institutions has been set up with an aim to boost overall rural
development in India?
a. SIDBI b. IDBI c. NABARD d. SEBI d. None of these
38. Which of the following Acts regulates banks operating in India?
a. Reserve Bank of India Act
b. Banking Regulation Act
c. Companies Act
d. State Bank of India Act
e. None of these
39. The State Govt transactions are carried out by the RBI. As of now, such agreements exist
Between RBI and all the State Govts except
a. Govt of Manipur b. Govt of Sikkim c. Got of Tripura
d. Govt of Nagaland e. None of these
40. KYC is an acronym for “know Your Customer”, a term used for customer identification
process. For the purpose of KYC who among following are the ‘Customers of the bank’
as per the RBI norms?
a. A person or entity that maintains an account and/or has a business relationship with
the bank.
b. One on whose behalf the account is maintained (ie the beneficial owner).
c. Any person or entity connected with a financial transaction which can pose significant
reputational or other risks to the bank.
d. All the above
e. Only (a) and (b)
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