Dhiman Institute of General Studies & Current Affairs

Questions on Economy and Banking: 0001

Date: May 4, 2012

Q.1

Which state topped the highest per Capita Income in 2012?

(a)
(b)
(c)
(d)

Kerala
Goa
Chandigarh
Maharashtra

Ans: Goa
Q.2

RBI (Reserve Bank of India) recently issued directive to the Indian Bank to maintain
Tier-I Capital of some percentage of their Risk Weighted Assets (RWAs). What was
this percentage?
(a)
(b)
(c)
(d)

3%,
7%,
4%,
6%.

Ans: 7%
Q.3

International Monetary Fund (IMF) lowered Indias growth projections for 2012.
What is that percentage?
(a)
(b)
(c)
(d)

7%,
6.5%,
6.9%,
7.2%

Ans: 6.9%
Q.4

RBI had instructed the Commercial bank to reduce their exposure to Gold Loan
Companies from 10% to ________?
(a)
(b)
(c)
(d)

6%
6.5%
7%
7.5%

Ans: 7.5%

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Q.5

Which countries constitute BRICS?

(a)
(b)
(c)
(d)

Bangladesh, Russia, India, China, Sri Lanka

Brazil, Russia, India, China, South Africa
Brazil, Russia, Indonesia, China, South Africa, or
Bhutan, Russia, India, China, Sri Laanka.

Ans: Brazil, Russia, India, China, South Africa

Q.6

Where did the South Korean Lender Woori Bank open its maiden India Branch?
(a)
(b)
(c)
(d)

New Delhi
Chennai
Mumbai
Kolkata

Ans: Chennai
Q.7

On which date did India successfully test-fire its maiden nuclear-tipped Intercontinental ballistic missile (ICBM) Agni-V?
(a)
(b)
(c)
(d)

18th April,2012
22nd April, 2012
16th April,2012
19th April, 2012.

Ans: 19th April, 2012

Q.8

Prime Ministers Economic Advisory Panel Projected a Growth rate for 2012-13
fiscal. What is that rate?
(a)
(b)
(c)
(d)

7%-8%
7.5% - 8%
8% - 8.5%
6.5% - 7%.

Ans: 7.5% - 8%
Q.9

Who was appointed the New CMD of Coal India Limited?

(a)
(b)
(c)
(d)

S. S.Narsing Rao
N.C.Jha
Nayan Mani Boraha
James Murdoch

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Ans: S.S. Narsing Rao

Q.10

Who has been appointed as Chairman & Managing Director of Union Bank of India?
(a)
(b)
(c)
(d)

Mr. D. Sarkar
Mr. P. Sarkar
Mr. E. Sarkar
Mr. A. Sarkar

Ans. Mr. D. Sarkar

Q.11

Which India State became the first state to issue e-stamp papers in all denominations?
(a)
(b)
(c)
(d)

Haryana
Punjab
Delhi
Andhra Pradesh.

Ans: Delhi
Q.12

Name the city where the Prime Minister of India Dr. Manmohan Singh dedicated the
Petroleum Refinery to the Nation?
(a)
(b)
(c)
(d)

Bathinda
Faridkot
Nangal
Chandigarh

Ans: Bathinda
Q.13

Which of following Indian Companies has announced to supply the Cholera Vaccines
to African Nation Haiti?
(a)
(b)
(c)
(d)

Glaxo
Shantha Biotechnics
Ranbaxy
Cipla

Ans: Shantha Biotechnics

Q.14 A powerful earthquake occurred in Indonesia on 11th April, 2012, which gave
tsunami alert in the Indian Ocean. What was the magnitude of the earthquake on Richter
scale?
(a) 8.7

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(b) 7
(c) 8.1
(d) 8.0
Ans: 8.7
Q.15 Who won the World Wrestling Qualifying Tournament and secured a berth for London
Olympics?
(a)
(b)
(c)
(d)

Vijendra Singh
Sushil Kumar
Bijender Singh
Tushishvilli
Ans: Sushil Kumar

Q.16 Who won the Womens single title at Miami Open Tennis Tournament held in April,
2012?
(a)
(b)
(c)
(d)

Maria Sharapova
Agnieszka Radwanska
Serena Williams
Martina Hingis
Ans: Agnieszka Radwanska

Q.17.Union Government decided on 1 million limits on External Commercial Borrowing for

which of the following sectors?
(a)
(b)
(c)
(d)

Power Sector
Aviation Sector
Agriculture Sector
Retail sector

Ans: Aviation sector

Q.18 Moodys Investors Service credit rating agency downgraded the local currency rating of
which of the following?
(a)
(b)
(c)
(d)

IOC & GAIL

ONGC & GAIL
BHEL & ONGC
BHEL & GAIL

Ans: ONGC and GAIL

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Q.19 India has experienced persistent and high food inflation in the recent past. Find out the
reasons for this:
1. Due to a gradual switchover to the cultivation of commercial crops, the area under the
cultivation of food grains has steadily decreased in the last five years by about 30%.
2. As a consequence of increasing incomes, the consumption patterns of the people have
undergone a significant change.
3. The food supply chain has structural constraints.
Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Ans: 2 AND 3 only
Q.20 In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth
Games in India amounted to
(a) Exports
(b) Imports
(c) Production
(d) Consumption
Ans: Exports
Q.21. A "closed economy" is an economy in which
(a) The money supply is fully controlled
(b) The deficit financing takes place
(c) Only exports take place
(d) Neither exports nor imports take place
Ans: Neither exports nor imports take place

Q.22. When the bark of a tree is removed in a circular fashion all around near its base; it
gradually dries up and dies because
(a) Water from soil cannot rise to aerial parts
(b) Roots are starved of energy
(c) Tree is infected by soil microbes
(d) Roots do not receive oxygen for respiration
Ans: Water from soil cannot rise to aerial parts

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Q.23. With reference to "Aam Admi Bima Yojana", consider the following statements:
1. The member insured under the scheme must be the head of the family or an. earning
member of the family in a rural landless house- hold.
2. The Member insured must be in the age group of 30 to 65 years.
3. There is a provision for free scholarship for up to two children of the insured who are
studying between classes 9 and 12.
Which of the statements given above is/ are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Ans: 1 and 3 only

Q.24. In the context of global oil prices. "Brent crude oil" is frequently referred to in the
news. What does this term imply?
1. It is a major classification of crude oil.
2. It is sourced from the North Sea.
3. It does not contain sulphur.
Which of the statements given above is / are correct?
(a) 2 only
(b) 1 and 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Ans: 1 and 2 only

Q.25. The authorization for the withdrawal of funds from the Consolidated Fund of India
must come from
(a) The President of India
(b) The Parliament of India
(c) The Prime Minister of India
(d) The Union Finance Minister
Ans: The Parliament of India

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