GENERAL AWARENESS FOR ALL COMPETITIVE EXAMS

1. Which of the following is one of the core functions of the Reserve Bank of India ?(A) To act as Tax collector of the Govt. of India
(B) Work as Banker to the Banks
(C) Help in finalization of the Union Budget
(D) Participate in annual meetings of the various financial institutes world wide
(E) None of these
Ans: (B)


2. Which of the following tools is used frequently by the RBI to control credit and monetary situations of the markets in the country ?(A) Cash Reserve Ratio (CRR)(B) Real Time Gross Settlement (RTGS)
(C) Balance of Trade
(D) Forward Rate Agreements
(E) Electronic Clearing Service
Ans: (A)
3. The National Social Security Fund (NSSF) launched with a corpus of Rs. 1000 crore will help which of the following groups of society ?(A) Bank Employees
(B) Central and State Government Employees
(C) Workers of the unorganized sectors(D) War widows
(E) Women employees engaged in textile industry
Ans: (C)

4. What is the full form of the term ‘PDS’ which is a channel of distribution of foodgrains and other essentials to poor people on subsidized rates ?(A) Public Distribution System(B) Potential Development System
(C) Profitable Distribution Source
(D) Public Development Syndication
(E) Public Distribution Stores
Ans: (A)
5. India and Afghanistan recently signed a Strategic Partnership Agreement. Who among the following signed on it for Afghanistan during his visit to New Delhi ?(A) President of Afghanistan(B) Vice President of Afghanistan
(C) Foreign Minister of Afghanistan
(D) Finance Minister of Afghanistan
(E) None of these
Ans: (A)
6. Mr. Makhdoom Amin Fahim, who was on a state visit to India is the Commerce Minister of—(A) Bangladesh
(B) Pakistan(C) Afghanistan
(D) Nepal
(E) Myanmar
Ans: (B)
7. Which of the following terms is used in the field of finance and banking ?(A) Metabolism
(B) Genetic Process
(C) Centrifugal force
(D) Debt instrument(E) Experimental Error
Ans: (D)
8. Who among the following Indian Leaders was in New York in September 2011 to address UN General Assembly ?(A) Mrs. Sonia Gandhi
(B) Dr. Manmohan Singh(C) Mr. Pranab Mukherjee
(D) Ms. Meira Kumar
(E) None of these
Ans: (B)
9. Who among the following is the Chief Minister of Gujarat at present ?(A) Sri Arun Jaitley
(B) Sri Praful Patel
(C) Sri L. K. Advani
(D) Sri Narendra Modi(E) None of these
Ans: (D)
10. The 12th plan papers are sent to ‘NDC’ for approval-was the news in various newspapers recently. This means the plan was sent to—(A) New Democratic Council
(B) National Development Council(C) New Democratic Committee
(D) National Democratic Council
(E) New Departmental Committee
Ans: (B)
11. India recently signed a Tax treaty with ‘Uruguay’. This is a country in—(A) South America
(B) South Africa
(C) South East Asia
(D) Gulf
(E) Europe
Ans: (A)

12. Which of the following is not a member of North Atlantic Treaty Organisation (NATO) ?(A) Italy
(B) Germany
(C) USA
(D) France
(E) IndiaAns: (E)