1. Which of the following is/are the highlights of the Union Budget 2009-10 ? The Finance Minister promised1. To bring fiscal deficit under control, institutional reforms will be initiated during the year.
2. Banks and insurance companies will remain in public sector and government will provide full support to these institutions to remain competitive by capital infusion, wherever necessary.
3. Banks will be allowed to set up offsite ATMs without prior approval from the RBI.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)
2. As per the reports published in various newspapers/magazines and journals, the year 2008 was an important milestone in the evaluation of human settlements. For the first time in the human history, the population living in urban areas exceeded that in rural areas. What is India’s position in this regard ?1. India is a relatively less urbanized country with only 30% of its total population living in cities.
2. The size of its urban population is the second largest in the world.
3. India has more than 100 biggest cities in the world.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (E)
3. According to Dr. Mohammad Yunus, the Nobel prize winner Economist, a particular type of financing undertaken by the banks, has created a miraculous situation where every year about 5 per cent clients of the Grameen Banks come out of their poverty and join the main stream of the socio economic development in poor/developing countries. This financing activity of the banks in known as—(A) Trade Finance
(B) Micro Credit
(C) Export finance
(D) All of these
(E) None of these
Ans : (B)
4. As per the reports published by the International Monetary Fund (IMF), the developing economies across the world are holding a massive stockpile of foreign exchange reserves. Which of the following is/are the resultant consequences of this type of stockpilings by various nations ?1. A trade imbalance (vast difference in value of imports/exports) is generated between the developing and emerging economies and the rich countries. It is not a healthy sign.
2. Many economists are of the opinion that these imbalances created the underpinning of the current global economic crisis.
3. This stockpiling is responsible not only for problems in trade balances but has also created a problem of money laundering.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (E)
5. Which of the following is/are true about the Railway Budget 2009-10 ?1. Railway tickets to be made available through post offices and mobile vans.
2. Long distance trains will have on-board doctor and infotainment services.
3. Tatkal scheme of booking is modified. Instead of booking tickets under the scheme five days in advance, it can now be done only two days in advance.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)
