1.

After the demise of the elected president Hugo Chavez, who among the following has won the recently held presidential poll in Venezuela? a) Henrique Capriles b) Nicolas Maduro c) Henrique Capriles Radonski d) Reina Sequera e) None of these In the context of the banking system, what does productivity mean? a) Production of services b) Business per employee c) Quality of customer services d) Both b and c e) None of these The Indian players Divij Sharan and Purav Raja represent the country in which of the following games? a) Tennis b) Badminton c) Billiards d) Golf e) None of these

2.

3.

4. The retrial of the ousted Egyptian President Hosni Mubarak has been adjourned indefinitely after the presiding judge withdrew from the case recently. His retrial was to be carried over which of the following charges? a) Death of 900 protesters during the 2011 uprising b) Corruption c) Abuse of Power d) Imposing emergency e) None of these 5. While newly-elected Chinese President XI Jinping made Russia his first stop last month, Chinese Premier Li Keqiang will visit which of the following countries in May in his first official tour abroad after assuming office two months ago? a) Myanmar b) Brazil c) India d) Pakistan e) None of these 6. Consider the following statements with respect to ways and means advances (WMA). A) These are temporary advances extended by the RBI to the government. B) Section 17(5) of the RBI Act allows RBI to make WMA to Central government only. C) Government normally opts for WMA to bridge the interval between expenditure and receipts and in the case of shortfall/mismatch in revenue and other receipts for meeting its liabilities Which of the above statements is/are correct? a) Only A b) Only B c) Only C d) Only A and C e) All the above 7. Which of the following American newspapers has won four Pulitzer Prizes, including the award for investigative reporting for stories that detailed how WalMart used bribery to expand in Mexico? a) The New York Times b) Los Angeles Times c) The Washington Post d) The Wall Street Journal e) None of these 8. With the Congress in Uruguay having voted overwhelmingly to legalise gay marriage, it became only the second country in Latin America to allow same-sex marriage. Which of the following is the first Latin American country to legalise the same? a) Brazil b) Argentina c) Ecuador d) Chile e) Belize 9. The US President Barack Obama, in his USD 377 trillion annual budget, has proposed a 40 per cent increase in American aid to Pakistan for the fiscal year beginning October 1, 2013, amounting to a) USD 1.2 billion b) USD 1.4 billion c) USD 2.4 billion d) USD 3.4 billion e) None of these 10. Consider the following with respect to government securities: A) These are tradable instruments issued by the Central Government or the State Governments. B) These instruments acknowledge the governments debt obligation. C) The Central Government issues both treasury bills and bonds or dated securities while the State Governments issue only bonds or dated securities, which are called State Development Loans (SDLs). Which of the above statements is/are correct? a) Only A b) Only B c) Only C d) Only A and B e) All A, B and C 11. Under the Liberalised Remittance Scheme (LRS), all resident individuals are allowed to freely remit per financial year (April - March), for any permissible current or capital account transaction or a combination of both, upto a) USD 50,000 b) USD 100,000 c) USD 1,50,000 d) USD 2,00,000 e) None of these 12. Which of the following Internet giants has come off with the facility to let people plan out what is to be done with their digital photos, documents and other virtual belonging after they die or become incapacitated? a) Microsoft b) Yahoo c) Google d) Facebook e) None of these 13. In which of the following states in India, a GPS - GIS based state-of-the-art Emergency Response System called Dial 100 has been launched enabling the police reach the complainant within minutes? a) Andhra Pradesh b) Karnataka c) Tamil Nadu d) Kerala e) Maharashtra 14. Which of the following is/are NOT correct about Non-Banking Financial Companies (NBFCs)? a) NBFCs cannot accept demand deposits b) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on it. c) Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGS) is available to depositors of NBFCs. d) All the above e) None of the above

15. Such individuals as do not have a bank account can also deposit cash at the National Electronic Fund Transfer (NEFT) - enabled bank branches with instructions to transfer funds using NEFT. Such remittances will be restricted to a maximum of _____ per transaction. a) Rs.20,000 b) Rs.25,000 c) Rs.50,000 d) Rs.1,00,000 e) None of these 16. As part of Indias Connect Central Asia Policy, aimed at increasing political, economic and people-to-people engagement with Central Asian nations, the Vice President Hamid Ansari went on a four-day official visit to which of the following countries recently? a) Tajikistan b) Uzbekistan c) Kazakhstan d) Kyrgyzstan e) None of these 17. Who among the following has won the Chinese Grand Prix 2013 held in Shanghai recently? a) Sebastian vettel b) Fernando Alonso c) Lewis Hamilton d) Paul Di Resta e) None of these

18. Industrialist Rama Prasad Goenka passed away recently. He was the architect of the RPG Enterprises conglomerate spanning from power to music and was popularly known as a) Music Tycoon b) Music Maven c) Bengal Tiger d) Takeover Specialist e) None of these 19. As part of its development cooperation with India, Germany will support building up of which of the following in India by providing soft loans of up to 1 billion euros (USD 1.3 billion) for a six-year period starting next year? a) Ports b) Renewable Energy c) High Speed Railway d) Highways e) None of these 20. Who among the following tennis players has/have so far joined newly - formed body Indian Tennis Players Association (ITPA) as its Vice-President? a) Somdev Devvarman b) Sania Mirza c) Leander Paes d) All the above e) Only a and b 21. Which of the following terms is not associated with the economy? a) GDP b) Hindu growth rate c) PPP d) LED e) None of these The National Savings Institute (NSI), which is entrusted with the task of mobilization of small savings, works under which of the following ministries? a) Ministy of Finance b) Ministry of Urban Development c) Ministry of Commerce and Industry d) Ministry of Home Affairs e) None of these The Kaesong industrial complex, which has been in news recently, is situated in which of the following countries? a) South Korea b) China c) North Korea d) Japan e) None of these

22.

23.

24. Idriss Deby is the President of which of the following countries? he recently announced to withdraw his troops from Mali, where they have been helping French and Malian forces fight Islamist militants. a) Nigeria b) Chad c) Cameroon d) Central African Republic e) None of these 25. Indias first electronic toll collection system based on radio frequency identification (RFID) technology has been launched on which of the following highways? This new system enables collection of toll payments electronically, allowing near-nonstop toll collection and traffic monitoring. a) Mumbai-Ahmedabad b) Delhi-Jaipur c) Mumbai-Pune d) Delhi-Gurgaon e) None of these 26. What is the expanded form of ECS as used in banking sector? a) Effective Clearing System b) Electronic Confirmation System c) Electronic Clearing System e) None of these Which of the following teams has lifted the 3rd Hockey India Sub-Junior Men National Championship (North Zone) title played at Sonepat recently? a) Punjab b) Chandigarh c) Uttar Pradesh d) Maharashtra e) None of these Consider the following taglines: A) Pure Banking Nothing Else B) The Banker of Every Indian C) With You All The Way Identify the bank which the above taglines are associated with a) Bank of Baroda b) State Bank of India c) Punjab National Bank d) Oriental Bank of Commerce e) None of these 29. Who among the following has authored the book titled How to Get Filthy Rich in Rising Asia? a) Ismat Chughti b) Tahir Mahamood c) Mohsin Hamid d) Amitav Ghosh e) None of these NEEPCO has been conferred with the Miniratna Category-I status by the Government of India recently. What is the full form of NEEPCO? a) North Eastern Electricity Production Corporation b) North Eastern Electric Power Corporation c) New Eastern Electricity Production Corporation d) New Eastern Electric Power Corporation e) None of these

27.

28.

30.

31.

China is the largest agricultural producer in the world. What is Indias current position among the largest agricultural producers of the world? a) Second b) Third c) Fourth d) Sixth e) None of these

32. As per Securities and Exchange Board of India (Sebi) regulation, the listed companies are required to divest a minimum of ten per cent of the equity to who among the following? a) Flls b) NBFCs c) Hedge Fund d) Public e) None of these 33. As per the recent guidelines, which of the following is NOT correctly matched? a) CRR - 4.0 per cent b) Repo rate - 7.50 per cent c) Reverse Repo rate - 6.50 per cent d) Bank rate - 9 per cent e) SLR - 23 per cent Parupalli Kashyap, the London Olympics quarter-finalist, is associated with which of the following games? a) Tennis b) Archery c) Badminton d) Boxing e) None of these

34.

35. Which of the following organization release the Composite Leading Indicators (CLIs)? CLIs show early signals of turning points in business cycles that provide qualitative information on short-term economic movements? a) World Bank b) International Monetary Fund c) World Economic Forum d) Organisation for Economic Co-operation and Development e) None of these 36. Consider the following with respect to the foreign exchange reserves of India: A) Foreign Currency Reserves B) Special Drawing Rights C) Foreign Institutional Investments Which of the above comes under the foreign exchange reserve of the country? a) Only A b) Only B c) Only C d) Both A and B e) Both B and C The monetary units of the International Monetary Fund (IMF) is called a) Global Depository Receipts (GDR) b) Special Drawing Rights (SDR) c) Systematic Investment Plan (SIP) d) Exchange Traded Funds (ETF) e) None of these Which of the following is/are called Bretton Woods institution? A) International Monetary Fund B) World Trade Organisation C) United Nations D) World Bank a) Only A b) Only B c) Only A and B d) Only A and D e) All A, B, C and D Which of the following is lands is a matter of dispute between China, Taiwan and Vietnam, which claim to have sovereignty over these Islands? a) Falkland b) Paracel c) Macclesfield Bank d) Spartly e) None of these Alawites, which made news in recent time, is a community based in which of the following countries? a) Nigeria b) Mali c) Syria d) Myanmar e) None of these Which of the following is/are the Non - Tax Revenue component(s) of the Union Budget of India? a) Customs Duty b) Interest Receipts c) Dividends and Profits d) All the above e) Only b and c

37.

38.

39.

40.

41.

42. the investment made by such financial entities as were launched or incorporated in a foreign country but are investing in an Indian venture in India, are generally termed as a) Private Equity b) Patent Money c) Foreign Institutional Investment d) Current Account Money e) None of these 43. India has joined a protocol recently which will enable domestic companies and entrepreneurs to obtain a cost - effective global trademark registration. Name the protocol. a) Madrid Protocol b) Nagoya Protocol c) Kyoto Protocol d) Hague Protocol e) None of these 44. Who among the following has been appointed the new chairperson of the confederation of India Industry (CII)? a) Adi Godrej b) Anil Ambani c) Senapathy Gopalakrishnan d) Anand Mahindra e) None of these

45. President Pranab Mukherjee has commuted as well as rejected several mercy pleas brought to him in the last few months. Which of the following articles of the Indian Constitution provides the president with the pardoning power? a) Article 70 b) Article 72 c) Article 73 d) Article 74 e) None of these 46. As we all know, managing inflation has been a very important aspect of the economy in India. Which of the following is/are true about inflation and its effect on the economy? A) Inflation is a state of increase in the general level of prices for goods and services. B) When the inflation goes up, the purchasing power of the money also goes up. C) Central banks attempt to stop severe deflation, along with severe inflation.

a) Only A b) Only B e) All A, B and C

c) Only C

d) Only A and C

47. We notice the trend of many banks entering into insurance business nowadays. Which of the following reasons are responsible for banks entering into this sector, particularly when many insurance companies are already there in India? A) Banks are earning additional revenue in terms of fee/commission by selling insurance products. B) With their huge customer base, banks are leveraging on their existing relationship to convert customers into policy holders. C) With ever-growing health problems, everybody wants insurance cover and banks are bringing in many attractive offers to cash in on this trend. a) Only A b) Only B c) Only C d) Only A and B e) Only B and C 48. Which of the following is NOT a component of Indias securities market? a) Commodity Future b) Government Bonds c) Corporate Equity d) Derivatives on Currency e) Small Savings in National Saving Certificates Which of the following titles has/have been authored by Gurcharan Das? a) India Grows at Night b) Chanakyas New Manifesto c) The city of Devi d) Both a and b e) All the above Padma Shri awardee Professor Bratindra Nath Mukherjee passed away recently. He was a renowned a) Poet b) Economist c) Environmentalist d) Historian e) None of these

49.

50.

ANSWERS

1.B 11.D 21.D 31.B 41.E

2.B 12.C 22.A 32.D 42.C

3.A 13.A 23.C 33.D 43.A

4.A 14.C 24.B 34.C 44.C

5.C 15.C 25.A 35.D 45.B

6.D 16.A 26.C 36.D 46.D

7.A 17.B 27.B 37.B 47.D

8.B 18.D 28.B 38.D 48.E

9.B 19.B 29.C 39.B 49.D

10.E 20.D 30.B 40.C 50.D

1. The CERC ruled out the allegation of the Association of Power Producers that state-run NTPC has abused its dominant position while signing power purchase pacts recently. Expand the acronym CERC. a) Central Electricity Regulatory Committee b) Central Electricity Regulatory Commission c) Centralised Electricity Redressal Commission d) Centre for Electricity Regulation and Commissioning e) None of these 2. What is the number of member countries of the World Trade Organisation (WTO) at present? a) 139 b) 149 c) 159 d) 169 e) None of these

3. The Golden Girl (Bangaru Talli) scheme has been launched in which of the following states? The scheme limited to two children of each BPL family is targeted to protect girl child and ensure her education. a) Karnataka b) Andhra Pradesh c) Kerala d) Tamil Nadu e) None of these 4. Which of the following terms/names is not associated with banking/financial terminology in India? a) Automated Clearing House b) Credit Default Swaps c) Double Fault d) Provision Coverage Ratio e) Market Stabilisation Scheme The Capital Adequacy Framework prescribed for banks is commonly known as a) Basel Accord b) Credit Policy c) KYC Norms d) Monetary Policy e) None of these May 1 is celebrated as the Labour Day. This day is also celebrated as the formation day of which of the following states? a) Rajasthan b) Assam c) Madhya Pradesh d) Gujarat e) Odisha

5.

6.

7. Name the person who has been listed by the Forbes as the first billionaire of Nepal with a net worth of $1 billion recently. He is also known as the noodle billionaire for his Wai Wai noodles. a) Krishna Prasad Bhattarai b) Upendra Mahato c) Binod Chaudhary d) Min Bahadur Gurung e) None of these

8. When a loan given by a bank to an individual or an organisation is not returned due to some reason or deliberately, it is termed as which of the following in banking parlance? a) Standard Assets b) Non-Performing Assets c) Overdraft d) Both (a) and (c) e) None of these 9. Which of the following will be considered as Micro Credit? A) Loans of small amounts to people in unorganized sector B) Loans to Self Help Groups C) Loans starting from Rs.50 lakh up to Rs.5 crore to Medium and Small Industrial Units. a) Only (A) b) Only (B) c) Only (C) d) Only (A) and (B) e) Only (B) and (C) Which of the following is the Repo Rate at present? a) 7.25 per cent b) 7.50 per cent c) 7.75 per cent e) None of these

10.

d) 8 per cent

11. For the last eight quarters, Indias second largest software service company, Infosys, has been lagging behind the industry a verage, causing worries for stock markets. Who among the following is the CEO of the company at present/ a) K Gopalakrishnan b) SD Shibulal c) Srinath Batni d) Srikantan Moorthy e) V Balakrishnan 12. Which of the following statements is correct? SX 40 is a) the name of a new mid-size sedan from the Maruti Suzuki stable b) the name of a new submarine launched missile developed by DRDO. c) a newly developed nuclear fusion reactor d) the name of the index of MCX-SX e) None of these

13. The Finance Bill, 2013, proposes CTT on non-agro commodities such as gold, silver and crude oil among others. Sellers will now have to pay tax at the rate of 0.01 per cent on transactions in these items. What is the expanded from of CTT? a) Cumulative Transaction Tax b) Commodity Transaction Tax c) Conducive Transaction Tax d) Common Transaction Tax e) None of these 14. Who among the following has been voted the new President of the Asian Football Confederation (AFC) recently? a) Hafezal Medlej b) Yusuf al Sarkej c) Worawai Makudi d) Sheikh Salman bin Ibrahim al Khalifa e) None of these 15. Consider the following statements with respect to National Urban Health Mission (NUHM) and identify the correct statement(s): a) The Rs.22,507 - crore mission has got the Cabinet nod recently. b) The government has introduced this scheme to provide healthcare to the urban poor on the lines of its flagship National Rural Health Mission. c) The Mission will be implemented through a PPP model at all levels and includes setting up of one primary health centre for every 50,000-60,000 people. d) All the above

e) Only a and c
16. What do you mean by the term closed economy? a) Neither import nor export from the country b) Export is more than import c) No major policy change takes place d) A landlocked country e) None of these Which of the following statements is/are correct? A customer can open a) Only one current account b) more than one current account according to his/her need. c) more than one current account with the permission of RBI d) more than one current account with the permission of the concerned bank manager e) None of these

17.

18. In a strategically significant move to counter Chinas presence in the region, India has announced to upgrade Chabahar port s ituated in which of the following countries? a) Afghanistan b) Kazakhstan c) Iran d) Turkmenistan e) None of these 19. The Union Defence Minister AK Antony commissioned which of the following fighter aircrafts into the frontline unit of the Indian Navy recently? This squadron, christened INAS 303 Black Panthers, will be deployed on the aircraft carrier INS Vikramaditya. a) MiG-29K b) Sea Harrier c) MiG-21 Fishbed d) Sukhoi Su-30MKL e) None of these 20. Indian is planning to establish a National Institute of Mining in which of the following countries as a part of Indias reconstruction efforts in the country? a) Iran b) Kyrgyzstan c) Afghanistan d) Kazakhstan e) None of these Identify the correct statement(s) with respect to bridge loans? a) It is a loan given by a bank for a long period to make up permanent shortage of cash. b) It is a short-term loan that is used until a person or company secures permanent financing.

21.

c) It is a loan given by a bank for exactly one year to make up shortage of cash. d) Only b and c e) None of these 22. Consider the following statements: A) Escheat is a common law doctrine which transfers the property of a person who dies without heirs to the state. B) Unclaimed deposits are those deposits which are not operated for more than 20 years. C) Notice bank deposits are made for specified period but can be withdrawn by giving notice to that effect one day in advance. Which of the following statements is/are correct? a) Only A b) Only B c) Only C d) Only A and C e) All A, B and C Which of the following mechanisms is used by the commercial banks in India to provide credit to the government? a) Cash Credit Ratio b) Cash Reserve Ratio c) Liquidity Adjustment Facility d) Statutory Liquidity Ratio e) None of these Who among the following is the new Chairman of ICC Cricket Committee? a) Kumar Sangakkara b) Andrew Strauss c) Clive Lloyd d) Anil Kumble e) L Sivaramakrishnan

23.

24.

25. The Save the Children foundation released its 14th annual State of the Worlds Mothers Report recently. According to the report, which of the following countries has the highest child mortality rate (childs death within one day of the birth) in the world? a) India b) China c) Nepal d) Bangladesh e) None of these 26. Profulla Chandra Borua passed away recently at the age of 76. He was a veteran. a) Journalist b) Author c) Historian d) Geologist e) None of these

27. UK-based retailer Marks & Spencer is under the governments scanner for selling multiple brands in a single store. The finance m inistry has raised the matter with the DIPP. DIPP stands for a) Department of industrial Policy and Practices b) Department of International Policy and Promotion c) Department of Illegal Practices and promotions d) Department of Industrial Policy and Promotion e) None of these 28. Roberto Azevedo has been named as the new Director General of the World Trade Organisation (WTO). He hails from which of the following countries? a) Mexico b) Brazil c) Japan d) Malaysia e) None of these Consider the following with respect to the banking industry: A) Nationalisation of Banks B) Opening of Regional Rural Banks C) Adoption of villages by bank branches Which of the above is a step(s) in the direction of achieving the goal of financial inclusion in India? a) Only A b) Only B c) Only C d) Only A and C e) Only B and C The Reserve Bank of India provides short-term advances called ways-and-means advances to whom among the following? a) Public Sector Banks b) State governments c) Public sector enterprises d) Private sector and foreign banks e) None of these

29.

30.

31. Touted as the richest prize-money badminton tournament in the world, IPL-style Indian Badminton League (IBL) will be held (August 14-31) across six cities in India. Featuring international and national stars, it will be a _____ league. a) USD 0.5 million b) USD 1-million c) USD 2-million d) USD 5-million e) None of these 32. Who among the following has been sworn in as the new Chief Minister of Karnataka after the Congress party won the state assembly elections recently? a) Mallikarjun Kharge b) Madhusudan Mistry c) Luizinho Faleiro d) K Siddaramaiah e) None of these Industry body SIAM is associated with which of the following industries? a) Automobiles b) Medicines c) Software d) Textile e) None of these The much-hyped Direct Benefit Transfer (DBT) got its inspiration from Bolsa Familia programme, which is successfully implemented in a) Mexico b) US c) China d) Brazil e) None of these The interest rate stated on a bond, note or other fixed income security, expressed as a percentage of the principal (face value) is termed as a) Call rate b) Repo rate c) Discount rate d) Coupon rate e) None of these The commercial paper is a short-term security issued to raise funds by which of the following institutions? a) The RBI b) The Commercial Banks c) Large and well-known companies d) State Governments e) None of these Nawaz Sharif has been sworn in as the Prime Minister of Pakistan for a record third term. He heads which of the following political parties? a) Pakistan Muslim League (N) b) Pakistan Peoples Party c) Pakistan Tehreek-e-Insaf d) All Pakistan Muslim League e) None of these

33. 34.

35.

36.

37.

38. The International Nurses Day is celebrated on May 12. This is the birth anniversary of who among the following, considered t o be the founder of modern nursing? a) Mother Teresa b) Clara Barton c) Florence Nightingale d) Mary Seacole e) None of these 39. What is Mahasen? It was in news recently. a) A cyclonic storm b) A new variety of high-yield wheat c) The harvest festival celebrated in Gujarat d) A specially designed fishing boat used in Tamil Nadu e) None of these

40. The level of carbon dioxide has passed a long-feared milestone of 400 ppm, the highest in 3 million years. Which of the following countries, at present, is the largest emitter of this gas in the world? a) US b) UK c) China d) India e) None of these

ANSWERS
1.B 11.B 21.B 31.B 2.C 12.D 22.D 32.D 3.B 13.B 23.D 33.A 4.C 14.D 24.D 34.D 5.A 15.D 25.A 35.D 6.D 16.A 26.A 36.C 7.C 17.B 27.D 37.A 8.B 18.C 28.B 38.C 9.D 19.A 29.C 39.A 10.A 20.C 30.B 40.C