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Exam Year: 2016

  • ,

    Global Financial Stability Report is prepared by the

    (a)

    European Central Bank

    (b)

    International Monetary Fund

    (c)

    International Bank for Reconstruction and Development

    (d)

    Organization for Economic Cooperation and Development

    Correct Answer:

    (b)

  • ,

    Belt and Road Initiative’ is sometimes mentioned in the news in the context of the affairs of

    (a)

    African Union

    (b)

    Brazil

    (c)

    European Union

    (d)

    China

    Correct Answer:

    (d)

  • ,

    The term ‘Regional Comprehensive Economic Partnership’ often appears in the news in the’ context of the affairs of a group of countries known as

    (a)

    G2O

    (b)

    ASEAN

    (c)

    SCO

    (d)

    SAARC

    Correct Answer:

    (b)

  • ,

    The term ‘Core Banking Solution’ is sometimes seen in the news. Which of the following statements best describes/describe this term?
    1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
    2. It is an effort to increase RBI’s control over commercial banks through computerization.
    3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
    Select the correct answer using the code given below.

    (a)

    1 only

    (b)

    2 and 3 only

    (c)

    1 and 3 only

    (d)

    1, 2 and 3

    Correct Answer:

    (a)

  • ,

    Which of the following is not a member of ‘Gulf Cooperation Council’?

    (a)

    Iran

    (b)

    Saudi Arabia

    (c)

    Oman

    (d)

    Kuwait

    Correct Answer:

    (a)

  • ,

    What is/are the purpose/purposes of Government’s ‘Sovereign Gold Bond Scheme’ and ‘Gold Monetization Scheme’?
    1. To bring the idle gold lying with Indian households into the economy.
    2. To promote FDI in the gold and jewellery sector
    3. To reduce India’s dependence on gold imports
    Select the correct answer using the code given below.

    (a)

    1 only

    (b)

    2 and 3 only

    (c)

    1 and 3 only

    (d)

    1, 2 and 3

    Correct Answer:

    (c)

  • ,

    With reference to ‘Organisation for the Prohibition of Chemical Weapons (OPCW)’, consider the following statements:
    1. It is an organization of European Union in working relation with NATO and WHO.
    2. It monitors chemical industry to prevent new weapons from emerging.
    3. It provides assistance and protection to States (Parties) against chemical weapons threats.
    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

    Correct Answer:

    (b)

  • ,

    In the context of the history of India, consider the following pairs:
    Term Description
    1. Eripatti : Land, revenue from which was set apart for the maintenance of the village tank
    2. Taniyurs : Villages donated to a single Brahmin or a group of Brahmins
    3. Ghatikas : Colleges generally attached to the temples
    Which of the pairs given above correctly matched?

    (a)

    1 and 2

    (b)

    3 only

    (c)

    2 and 3

    (d)

    1 and 3

    Correct Answer:

    (d)

  • ,

    Which one of the following is a purpose of ‘UDAY’, a scheme of the Government?

    (a)

    Providing technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy

    (b)

    Providing electricity to every household in the countries by 2018

    (c)

    Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time

    (d)

    Providing for financial turnaround and revival of power distribution companies

    Correct Answer:

    (d)

  • ,

    With reference to ‘Stand Up India Scheme’, which of the following statements is/are correct?
    1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
    2. It provides for refinance through SIDBI.
    Select the correct answer using the code given below.

    (a)

    1 only

    (b)

    2 only

    (c)

    Both 1 and 2

    (d)

    Neither 1 nor 2

    Correct Answer:

    (c)