General Socio-Economic and Banking Awareness For Bank Probationary Officers Exam

General Socio-Economic & Banking Awareness For Bank Probationary

Officers Exam

1. India recently proposed with which of the following countries to develop

solar city ?

(A) Russia

(B) Japan

(C) U.S.A.

(D) Poland

2. Which of the following has been brought within the ambit of the Right to

Information by the recent Delhi High Court Verdict?

(A) President of India

(B) Prime Minister of India

(C) Chief Justice of the Supreme Court

(D) None of the above

3. The Jawahar Lal National Solar Mission recently launched by Prime Minister

Dr. Manmohan Singh aims at generating/adding 20,000 Megawatt of power by—

(A) 2015

(B) 2022

(C) 2018

(D) 2021

4. The full form of BVRAAM is—

(A) Beyond Visual Range Airto- Air Missile

(B) Beyond Visionary Resistence Air-to-Air Machine

(C) Beyond Vision Random Airto- Air Missile

(D) None of the above

5. As per a recent survey, which of the following Indian Institutes of

Technology has been ranked on

the top ?

(A) IIT Kanpur

(B) IIT Madras

(C) IIT Kharagpur

(D) IIT Hyderabad

6. The Cabinet Committee on Economic Affairs (CCEA) recently approved the

setting up in the country of—

(A) 375 Model Colleges

(B) 374 Model Colleges

(C) 372 Model Colleges

(D) 380 Model Colleges

7. As per the New York Times recently conducted survey the fourth best

destination in the list of 31 places to go in 2010 is—

(A) Mumbai

(B) Mysore

(C) Agra

(D) Lucknow

8. Mohd. Najib bin Tun Abdul Razak is the Prime Minister of—

(A) Indonesia

(B) Malaysia

(C) Sudan

(D) Egypt

9. Recently ISRO (Indian Space Research Organisation) tested successfully its

most powerful rocket motor. It was—

(A) S-500

(B) S-200

(C) S-700

(D) S-300

10. Lee Myung-bak is the President of—

(A) South Korea

(B) Singapore

(C) Hong Kong

(D) North Korea

11. India recently celebrated its—

(A) 60th Republic Day

(B) 61st Republic Day

(C) 59th Republic Day

(D) None of the above

12. Indian National Trust for Art and Cultural Heritage (INTACH) recently signed

a Memorandum of Understanding with—

(A) China

(B) Japan

(C) Mongolia

(D) None of the above

13. The high level panel formed in Nepal to push Peace Process in Nepal is

headed by—

(A) Pushpa Kumar Dahal

(B) Girija Prasad Koirala

(C) Jalanath Khanal

(D) None of the above

14. Sebastian Pinera has been elected the President on January 17, 2010 of which

one of the following South American Countries ?

(A) Chile

(B) Ecuador

(C) Venezuela

(D) Peru

15. Protocol 14 which recently came into news is related to—

(A) UN sanction against Iran

(B) European Human Rights

Convention

(C) UN initiative on climate

change control

(D) None of the above

16. China has recorded growht for 2009—

(A) 8·5% (B) 9·2%

(C) 8·7% (D) 7·5%

17. World Economic Forum Meeting this year was held in—

(A) Geneva (B) Davos

(C) London (D) Paris

18. World Social Forum Meeting in January 2010 was held in—

(A) Mexico

(B) Mumbai

(C) Porto Alegre

(D) Doha

19. On January 28, 2010, five persons for the murder of Sheikh Mujibur Rahman

were executed Mujibur Rahman was the first President of—

(A) Afghanistan

(B) Maldives

(C) Pakistan

(D) Bangladesh

20. Which of the following states has recently signed three agreements with

World Bank ?

(A) Orissa

(B) Andhra Pradesh

(C) Karnataka

(D) Kerala

21. Which of the following recently acquired Chocolate Bar-maker Cadbury ?

(A) Tata Industries

(B) Kraft Foods

(C) Reliance

(D) Convergys

22. Which of the following States/ UTs recently approved its new industrial

policy ?

(A) Delhi

(B) Puducherry

(C) Rajasthan

(D) Madhya Pradesh

23. SAARC International University is being set up at—

(A) Kathmandu

(B) Delhi

(C) Dhaka

(D) Colombo

24. The new National Security Advisor (NSA) is—

(A) J. N. Dixit

(B) M. K. Narayan

(C) Shiv Shankar Menon

(D) V. K. Singh

25. Who among the following is not

correctly matched ?

Governor State

(A) K. Sankarnarayanan — Maharashtra

(B) Shivraj Patil — Jharkhand

(C) E. S. L. Narsimhan — Andhra Pradesh

(D) Urmila Singh — Himachal Pradesh

26. V. K. Singh is the new Chief of—

(A) Army Staff

(B) Air Force

(C) Navy

(D) None of the above

27. The new Prasar Bharti Chief is—

(A) Urmila Singh

(B) Mrinal Pande

(C) Prabha Rao

(D) Shiv Shankar Menon

28. Reena Kaushal is the first Indian woman to reach—

(A) South Pole

(B) North Pole

(C) Mt. Everest

(D) None of the above

29. The 2008 Dada Saheb Phalke Award has been conferred on—

(A) Dilip Kumar

(B) Dev Anand

(C) V. K. Murthy

(D) None of the above

30. As per 56th National Awards recently announced, the best feature film is—

(A) A Wednesday

(B) Antaheen

(C) Oye Lucky

(D) Aai Kot Nai

31. As per 56th National Film Awards for 2008, which of the following is

incorrectly matched?

Awardee Award

(A) Bala — Best Director

(B) Arjun Rampal — Best Supporting Actor

(C) Upendra Limye — Best Actor

(D) Shreya Ghoshal — Best Supporting Actress

32. Who has won the Best Actress Award under 56th National Film Awards for 2008

?

(A) Rekha

(B) Priyanka Chopra

(C) Kangana Ranaut

(D) Kareena Kapur

33. Who among the following has not been given Padma Vibhushan Award the second

highest

civilian award of India this year ?

(A) Zohra Sehgal

(B) Prathap C. Reddy

(C) Umalayapuram Shivaraman

(D) Amir Khan

34. Antarctica recently had its first—

(A) Biggest wind farm

(B) Solar power project

(C) Observatory

(D) None of the above

35. Port-Au-Prince is the capital of—

(A) Jamaica

(B) Haiti

(C) Venezuela

(D) None of the above

36. World Consumer Rights Day is observed on—

(A) March 20 (B) March 15

(C) March 22 (D) March 23

37. The winner of Ranji Trophy this year is—

(A) Goa

(B) Mumbai

(C) Punjab

(D) West Bengal

38. The winner (men’s category) in Mumbai Marathon is—

(A) Siraj Gena

(B) Denis Ndiso

(C) Both (A) and (B)

(D) None of the above

39. The runner up in Australian Open Tennis Championship for 2010 (women’s

singles) is—

(A) Serena Williams

(B) Venus Williams

(C) Justine Henin

(D) None of the above

40. Which of the following won the National Volleyball Championship ?

(A) Tamil Nadu

(B) Punjab

(C) Karnataka

(D) Kerala

Answers with Hints

1. (B) A Japanese delegation led by Japan’s Internal Affairs and Communications

Kazuhiro Hargguchi on January 6, 2010 met the Union Minister for New and

Renewable Energy Farooq Abdullah and decided to jointly develop a solar city in

India.

2. (C) 3. (B)

4. (A) India on January 11, 2010 successfully carried out two ballistic flight

tests of Astra, Beyond Visual Range Air-to-Air Missile (BVRAAM) from the

Integrated Test Range (ITR) at Balasore, Orissa.

5. (C) 6. (B) 7. (B)

8. (B) Malaysian Prime Minister Mohd. Najib bin Tun Abdul Razak was on a five

day visit to India during January 2010.

9. (B)

10. (A) South Korean President Lee Myung-bak was the Chief Guest at the Republic

Day in India this year.

11. (B) 12. (C)

13. (B) After prolonged a stalemate, the major political parties in Nepal on

January 8, 2010 decided to form a high level mechanism–a three member panel. The

panel would focus on speeding up the peace process and writing the new

Constitution of Nepal.

Bank of Baroda Probationary Officers Exam Solved Paper

Bank of Baroda Probationary Officers

Exam Solved Paper

General Socio-Economic & Banking

Awareness

1. RBI’s open market operation transactions are carried out

with a view to regulate—

(A) Liquidity in the economy

(B) Prices of essential commodities

(C) Inflation

(D) Borrowing power of the banks

(E) All the above

2. When more than one banks are allowing credit facilities

to one party in coordination with each other under a formal arrangement, the

arrangement is generally known as—

(A) Participation

(B) Consortium

(C) Syndication

(D) Multiple banking

(E) None of these

3. Open market operations, one of the measures taken by RBI

in order to control credit expansion in the economy means —

(A) Sale or purchase of Govt. securities

(B) Issuance of different types of bonds

(C) Auction of gold

(D) To make available direct finance to borrowers

(E) None of these

4. The bank rate means—

(A) Rate of interest charged by commercial banks from

borrowers

(B) Rate of interest at which commercial banks discounted

bills of their borrowers

(C) Rate of interest allowed by commercial banks on their

deposits

(D) Rate at which RBI purchases or rediscounts bills of

exchange of commercial banks

(E) None of these

5. What is an Indian Depository Receipt ?

(A) A deposit account with a Public Sector Bank

(B) A depository account with any of Depositories in India

(C) An instrument in the form of depository receipt created

by an Indian depository against underlying equity shares of the issuing company

(D) An instrument in the form of deposit receipt issued by

Indian depositories

(E) None of these

6. An instrument that derives its value from a specified

underlying (currency, gold, stocks etc.) is known as—

(A) Derivative

(B) Securitisation Receipts

(C) Hedge Fund

(D) Factoring

(E) Venture Capital Funding

7. Fiscal deficit is—

(A) total income less Govt. borrowing

(B) total payments less total receipts

(C) total payments less capital receipts

(D) total expenditure less total receipts excluding

borrowing

(E) None of these

8. In the Capital Market, the term arbitrage is used with

reference to—

(A) purchase of securities to cover the sale

(B) sale of securities to reduce the loss on purchase

(C) simultaneous purchase and sale of securities to make

profits from price

(D) variation in different markets

(E) Any of the above

9. Reverse repo means—

(A) Injecting liquidity by the Central Bank of a country

through purchase of Govt. securities

(B) Absorption of liquidity from the market by sale of

Govt. securities

(C) Balancing liquidity with a view to enhancing economic

growth rate

(D) Improving the position of availability of the

securities in the market

(E) Any of the above

10. The stance of RBI monetary policy is—

(A) inflation control with adequate liquidity for growth

(B) improving credit quality of the Banks

(C) strengthening credit delivery mechanism

(D) supporting investment demand in the economy

(E) Any of the above

11. Currency Swap is an instrument to manage—

(A) Currency risk

(B) interest rate risk

(C) currency and interest rate risk

(D) cash flows in different currencies

(E) All of the above

12. ‘Sub-prime’ refers to—

(A) lending done by banks at rates below PLR

(B) funds raised by the banks at sub-Libor rates

(C) Group of banks which are not rated as prime banks as

per Banker’s Almanac

(D) lending done by financing institutions including banks

to customers not meeting with normally required credit appraisal standards

(E) All of the above

13. Euro Bond is an instrument—

(A) issued in the European market

(B) issued in Euro Currency

(C) issued in a country other than the country of the

currency of the Bond

(D) All of the above

(E) None of these

14. Money Laundering normally involves—

(A) placement of funds

(B) layering of funds

(C) integration of funds

(D) All of (A), (B) and (C)

(E) None of (A), (B) and (C)

15. The IMF and the World Bank were conceived as

institutions to—

(A) strengthen international economic co-operation and to

help create a more stable and prosperous global economy

(B) IMF promotes international monetary cooperation

(C) The World Bank promotes long term economic development

and poverty reduction

(D) All of (A), (B) and (C)

(E) None of (A), (B) and (C)

16. Capital Market Regulator is—

(A) RBI

(B) IRDA

(C) NSE

(D) BSE

(E) SEBI

17. In the term BRIC, R stands for—

(A) Romania

(B) Rajithan

(C) Russia

(D) Regulation

(E) None of these

18. FDI refers to—

(A) Fixed Deposit Interest

(B) Fixed Deposit Investment

(C) Foreign Direct Investment

(D) Future Derivative Investment

(E) None of these

19. What is Call Money ?

(A) Money borrowed or lent for a day or over night

(B) Money borrowed for more than one day but upto 3 days

(C) Money borrowed for more than one day but upto 7 days

(D) Money borrowed for more than one day but upto 14 days

(E) None of these

20. Which is the first Indian company to be listed in

NASDAQ ?

(A) Reliance

(B) TCS

(C) HCL

(D) Infosys

(E) None of these

21. Which of the following is the Regulator of the credit

rating agencies in India ?

(A) RBI

(B) SBI

(C) SIDBI

(D) SEBI

(E) None of these

22. Who is Brand Endorsing Personality of Bank of Baroda ?

(A) Juhi Chawla

(B) Kiran Bedi

(C) Amitabh Bachchan

(D) Kapil Dev

(E) None of these

23. The branding line of Bank of Baroda is—

(A) International Bank of India

(B) India’s International Bank

(C) India’s Multinational Bank

(D) World’s local Bank

(E) None of these

24. The logo of Bank of Baroda is known as—

(A) Sun of Bank of Baroda

(B) Baroda Sun

(C) Bank of Baroda’s Rays

(D) Sunlight of Bank of Baroda

(E) None of these

25. Which of the following statements(s) is/are True about

the exports of China which is a close competitor of India ?

(i) China’s economic success is basically on the fact that

it exports cheaper goods to rich nations like the USA, etc.

(ii) In the year 2007 China’s exports became almost 40% of

its GDP.

(iii) When compared to India China’s share in the World

Exports is more than 30% whereas India’s share is mere 6% of the global exports.

(A) Only (i)

(B) Only (ii)

(C) Both (i) and (ii)

(D) All (i), (ii) and (iii)

(E) None of these

26. One of the major challenges banking industry is facing

these days is money laundering. Which of the following acts/norms are launched

by the banks to prevent money laundering in general ?

(A) Know Your Customer Norms

(B) Banking Regulation Act

(C) Negotiable Instrument Act

(D) Narcotics and Psychotropic Substance Act

(E) None of these

27. Lot of Banks in India these days are offering M-Banking

Facility to their customers. What is the full form of ‘M’ in ‘M-Banking’ ?

(A) Money

(B) Marginal

(C) Message

(D) Mutual Fund

(E) Mobile Phone

28. Which of the following is/are true about the ‘Sub-Prime

Crisis’ ? (The term was very much in news recently.)

(i) It is a mortgage crisis referring to credit default by

the borrowers.

(ii) Sub-Prime borrowers were those borrowers who were

rated low and were high risk borrowers.

(iii) This crisis originated because of negligence in

credit rating of the borrowers.

(A) Only (i)

(B) Only (ii)

(C) Only (iii)

(D) All (i), (ii) and (iii)

(E) None of these

29. Which of the following is not the part of the structure

of the Financial System in India ?

(A) Industrial Finance

(B) Agricultural Finance

(C) Government Finance

(D) Development Finance

(E) Personal Finance

30. Which of the following is not the part of the scheduled

banking structure in India ?

(A) Money Lenders

(B) Public Sector Banks

(C) Private Sector Banks

(D) Regional Rural Banks

(E) State Co-operative Banks

31. As we all know Govt. of India collects tax revenue on

various activities in the country. Which of the following is a part of the tax

revenue of the Govt. ?

(i) Tax on Income

(ii) Tax on Expenditure

(iii) Tax on Property or Capital Asset

(iv) Tax on Goods and Services

(A) Both (i) and (iii) only

(B) Both (ii) and (iv) only

(C) All (i), (ii), (iii) and (iv)

(D) Only (ii), (iii) and (iv)

(E) None of these

32. We very frequently read about Special Economic Zones (SEZs)

in newspapers. These SEZs were established with which of the following

objectives ?

(i) To attract foreign investment directly.

(ii) To protect domestic market from direct competition

from multinationals.

(iii) To provide more capital to agricultural and allied

activities.

(A) Only (i)

(B) Only (ii)

(C) Only (iii)

(D) All (i), (ii) and (iii)

(E) None of these

33. Which of the following groups of countries has almost

50% share in global emission of carbon every year ?

(A) US, China, India, South Africa

(B) India, China, Russia, Britain

(C) South Africa, Nepal, Myanmar

(D) US, Russia, China & India

(E) None of these

34. Which of the following correctly describes the concept

of ‘Nuclear Bank’ floated by International Atomic Energy Agency ?

(i) It is a nuclear fuel bank to be shared by all the

nations jointly.

(ii) It is a facility to help nations in enrichment of

uranium.

(iii) It is an agency which will keep a close vigil on the

nuclear programme of all the nations.

(A) Only (i)

(B) Only (ii)

(C) Both (i) and (iii) only

(D) Only (iii)

(E) Both (i) and (ii) only

35. Many times we read about Future Trading in newspapers.

What is ‘Future Trading’ ?

(i) It is nothing but a trade between any two stock

exchanges wherein it is decided to purchase the stocks of each other on a fixed

price throughout the year.

(ii) It is an agreement between two parties to buy or sell

an underlying asset in the future at a predetermined price.

(iii) It is an agreement between stock exchanges that they

will not trade the stocks of each other under any circumstances in future or for

a given period of time.

(A) Only (i)

(B) Only (ii)

(C) Only (iii)

(D) All (i), (ii) and (iii)

(E) None of these

36. Inflation in India is measured on which of the

following indexes/indicators ?

(A) Cost of Living Index (COLI)

(B) Consumer Price Index (CPI)

(C) Gross Domestic Product

(D) Wholesale Price Index (WPI)

(E) None of these

37. As per the reports published in the newspapers a

section of society staged a demonstration at the venue of the G-8 Summit

recently. What was/were the issues towards which these demonstrators were trying

to draw the attention of G-8 leaders ?

(i) Food shortage which has taken 50 million people in its

grip.

(ii) Inflation which has gone up substantially across the

Globe.

(iii) USA’s consistent presence in Iraq.

(A) Only (i)

(B) Only (ii)

(C) Only (iii)

(D) Both (i) and (ii) only

(E) None of these

38. Hillary Clinton formally suspended her campaign to

ensure election of who amongst the following for the next President of USA ?

(A) George Bush

(B) Barack Obama

(C) John McCain

(D) Bill Clinton

(E) None of these

39. Hugo Chavez whose name was recently in news is the—

(A) President of Congo

(B) Prime Minister of Uganda

(C) President of Venezuela

(D) Prime Minister of Brazil

(E) None of these

40. The Govt. of India has raised the amount of the Loan

Waiver to the farmers by 20%. Now the amount is nearly—

(A) Rs. 60,000 crore

(B) Rs. 65,000 crore

(C) Rs. 72,000 crore

(D) Rs. 76,000 crore

(E) Rs. 80,000 crore

41. Delimitation Commission has made a recommendation that

next Census should be Panchayat-wise. When is the next Census due ?

(A) 2010

(B) 2011

(C) 2012

(D) 2013

(E) 2015

42. The World Health Organisation has urged that

advertisements of which of the following should be banned to protect youth from

bad effects of the same ?

(A) Tobacco

(B) Alcoholic drinks

(C) Junk Food

(D) Soft drinks with chemical preservatives

(E) None of these

43. Which of the following countries has allocated a huge

amount of US $ 10 billion to provide relief to its earthquake victims ?

(A) Japan

(B) South Korea

(C) China

(D) South Africa

(E) None of these

44. India and Nepal have many agreements on sharing of the

water of various rivers. Which of the following rivers is not covered under

these agreements ?

(A) Kosi

(B) Gandak

(C) Ganga

(D) Mahakali

(E) All these rivers are covered

45. Which of the following names is not closely associated

with space programme of India or any other country ?

(A) CARTOSAT

(B) NLS - 5

(C) RUBIN - 8

(D) GSLV

(E) SCOPE

46. Vijay Hazare Trophy is associated with the game of—

(A) Hockey

(B) Cricket

(C) Badminton

(D) Football

(E) Golf

47. Which of the following was the theme of the Olympic

Torch ?

(A) Journey of Harmony

(B) Green World Clean World

(C) Journey of Peace

(D) Journey for Hunger-free World

(E) None of these

48. Which of the following schemes is not a social

development Scheme ?

(A) Indira Awas Yojana

(B) Mid Day Meal

(C) Bharat Nirman Yojana

(D) Sarva Shiksha Abhiyan

(E) All are social schemes

49. Which of the following is not a member of the ASEAN ?

(A) Malaysia

(B) Indonesia

(C) Vietnam

(D) Britain

(E) Singapore

50. Which of the following Awards are given for excellence

in the field of Sports ?

(A) Kalinga Prize

(B) Shanti Swarup Bhatnagar Award

(C) Arjun Award

(D) Pulitzer Prize

(E) None of these

Answers :

1. (E) 2. (B) 3. (A) 4. (D) 5. (C) 6. (C) 7. (D) 8. (C) 9.

(A) 10. (E)

11. (D) 12. (D) 13. (C) 14. (D) 15. (D) 16. (E) 17. (C) 18.

(C) 19. (A) 20. (D)

21. (D) 22. (E) 23. (B) 24. (B) 25. (C) 26. (E) 27. (E) 28.

(D) 29. (E) 30. (A)

31. (C) 32. (A) 33. (D) 34. (B) 35. (B) 36. (D) 37. (B) 38.

(B) 39. (C) 40. (A)

41. (B) 42. (A) 43. (C) 44. (C) 45. (E) 46. (B) 47. (A) 48.

(C) 49. (D) 50. (C)