General Awareness Sample Practice Paper IBPS PO
1. SEBI is a—
(A) Statutory body (B) Advisory body (C) Constitutional body (D) Non-statutory body
2. When was the SAARC established ?
(A) On December 8, 1984 (B) On January 1, 1984 (C) On December 8, 1985 (D) On January 1, 1985
3. Which Committee recommended abolition of tax rebates under section 88 ?
(A) Chelliah Committee (B) Kelkar Committee (C) Shome Committee (D) None of the above
4. Pradhanmantri Bharat Jodo Pariyojna is related to—
(A) Communication (B) Social Integration (C) Linking of Rivers (D) Development of Highways
5. ‘Sagarmala’ is a name associated with—
(A) A drilling vessel (B) A project of port development (C) Oil well in Indian Ocean (D) None of the above
6. Tarapore Committee submitted its report on “Full Convertibility on Rupee” in—
(A) Current account (B) Capital account (C) Both in current as well as in capital account
(D) Special Drawing Rights (SDR)
7. The new President of FICCI (Federation of Indian Chambers of Commerce and Industry) is—
(A) K. C. Raina (B) V. P. Shetty (C) Rajiv Chandrashekhar (D) Som Mittal
8. CENVAT is related to—
(A) Sales Tax (B) Excise Duty (C) Custom Duty (D) Service Tax
9. Aam Admi Bima Yojana provides social security to—
(A) All labours in rural areas (B) All landless labours living below poverty line in rural areas
(C) All labours in urban areas (D) All labours in both rural as well as urban areas
10. Targeted power capacity addition for 11th plan period is—
(A) 41110 MW (B) 66463 MW (C) 68963 MW (D) 86283 MW
11. What is ‘NIKKEI’ ?
(A) Share Price Index of Tokyo Share Market (B) Name of Japanese Central Bank
(C) Japanese name of Country’s Planning Commission (D) Foreign Exchange Market of Japan
12. Which statement is correct for Indian Planning Commission ?
(A) It is not defined in Indian Constitution (B) Members & vice-chairman of it do't have fixed working duration
(C) Members do not require any minimum education (D) All of these
13. Which State of the following has adopted VAT (Value Added Tax) w.e.f. January 1, 2007 ?
(A) Tamil Nadu (B) Uttar Pradesh (C) Gujarat (D) Goa
14. NABARD was established on the recommendation of— (A) Public Account Committee
(B) Shivaraman Committee (C) Narsimham Committee (D) None of these
15. Sampurna Gramin Rojgar Yojana has been launched from—
(A) 1st April, 2001 (B) 25th Sept., 2001 (C) 30th Sept., 2001 (D) No such scheme yet launched
16. Which company is providing mobile service with name ‘Cell one’ to the consumers ?
(A) MTNL (B) BSNL (C) Reliance Infocom (D) Bharti Tele
17. VAT is imposed— (A) Directly on consumer (B) On final stage of production
(A) Statutory body (B) Advisory body (C) Constitutional body (D) Non-statutory body
2. When was the SAARC established ?
(A) On December 8, 1984 (B) On January 1, 1984 (C) On December 8, 1985 (D) On January 1, 1985
3. Which Committee recommended abolition of tax rebates under section 88 ?
(A) Chelliah Committee (B) Kelkar Committee (C) Shome Committee (D) None of the above
4. Pradhanmantri Bharat Jodo Pariyojna is related to—
(A) Communication (B) Social Integration (C) Linking of Rivers (D) Development of Highways
5. ‘Sagarmala’ is a name associated with—
(A) A drilling vessel (B) A project of port development (C) Oil well in Indian Ocean (D) None of the above
6. Tarapore Committee submitted its report on “Full Convertibility on Rupee” in—
(A) Current account (B) Capital account (C) Both in current as well as in capital account
(D) Special Drawing Rights (SDR)
7. The new President of FICCI (Federation of Indian Chambers of Commerce and Industry) is—
(A) K. C. Raina (B) V. P. Shetty (C) Rajiv Chandrashekhar (D) Som Mittal
8. CENVAT is related to—
(A) Sales Tax (B) Excise Duty (C) Custom Duty (D) Service Tax
9. Aam Admi Bima Yojana provides social security to—
(A) All labours in rural areas (B) All landless labours living below poverty line in rural areas
(C) All labours in urban areas (D) All labours in both rural as well as urban areas
10. Targeted power capacity addition for 11th plan period is—
(A) 41110 MW (B) 66463 MW (C) 68963 MW (D) 86283 MW
11. What is ‘NIKKEI’ ?
(A) Share Price Index of Tokyo Share Market (B) Name of Japanese Central Bank
(C) Japanese name of Country’s Planning Commission (D) Foreign Exchange Market of Japan
12. Which statement is correct for Indian Planning Commission ?
(A) It is not defined in Indian Constitution (B) Members & vice-chairman of it do't have fixed working duration
(C) Members do not require any minimum education (D) All of these
13. Which State of the following has adopted VAT (Value Added Tax) w.e.f. January 1, 2007 ?
(A) Tamil Nadu (B) Uttar Pradesh (C) Gujarat (D) Goa
14. NABARD was established on the recommendation of— (A) Public Account Committee
(B) Shivaraman Committee (C) Narsimham Committee (D) None of these
15. Sampurna Gramin Rojgar Yojana has been launched from—
(A) 1st April, 2001 (B) 25th Sept., 2001 (C) 30th Sept., 2001 (D) No such scheme yet launched
16. Which company is providing mobile service with name ‘Cell one’ to the consumers ?
(A) MTNL (B) BSNL (C) Reliance Infocom (D) Bharti Tele
17. VAT is imposed— (A) Directly on consumer (B) On final stage of production
(C) On first stage of production (D) On all stages between production and final sale
18. Kutir Jyoti scheme is associated with—
(A) Promoting cottage industry in villages (B) Promoting employment among rural unemployed youth
(C) Providing electricity to rural families living below the poverty line, (D) All of these
19. Novelis has been acquired and merged with—
(A) Tata Steels (B) SAIL (C) HINDALCO (D) Jindal Steels
20. OTCEI is— (A) Atomic Submarine of China (B) Economic policy of USA
(C) An Indian Share Market (D) A defence research organisation
21. The base of Consumer Price Index for Industrial Workers is being shifted from 1982 to—
(A) 1995 (B) 1998 (C) 2000 (D) 2001
22. CAPART is related with— (A) Assisting and evaluating rural welfare programmes (B) Computer hardware
(C) Consultant service of export promotion (D) Controlling pollution in big industries
23. Which of the following does not grant any tax rebate ?
(A) National Saving Certificate, (B) Indira Vikas Patra (C) National Saving Scheme (D) Public Providend Fund
24. SEBI was established in—
(A) 1993 (B) 1992 (C) 1988 (D) 1990
25. The working of SEBI includes— (A) To regulate the dealings of share market
(B) To check the foul dealings in share market (C) To control the inside trading of shares (D) All of these
26. The “Ad hoc Treasury Bill System” of meeting budget deficit in India was replaced by ‘Ways and Means Advances System’ which has come into force on—
(A) March 31, 1997 (B) April 1, 1996 (C) April 1, 1997 (D) None of these
27. Which statement of the following is true for IMF ?
(A) It is not an agency of UNO (B) It can grant loan to any country of the world
(C) It can grant loan to state Govt. of a country (D) It grants loan only to member nations
28. Which of the following is public sector organisation ?
(1) FCI Food Corporation of India (2) FCI Fertilizer Corporation of India
(3) Cotton Corporation of India (4) Jute Corporation of India
(A) Only 1 and 2 (B) Only 2, 3 (C) Only 3, 4 (D) All of these
29. Which day has been declared as ‘Balika Diwas’ (Girl Day) by the Ministry of Woman and Children Development ?
(A) April 5, every year (B) July 9, every year (C) October 9, every year (D) December 9, every year
30. Central Issue price of foodgrains under TPDS includes price for BPL and APL (below poverty line and above poverty line). What is the difference between the two ?
(A) Price for APL is double of BPL price (B) Price for BPL is one-third of APL price
(C) Difference of Rs. 500 per Qt. (D) Difference of Rs. 250 per Qt.
31. Rural women can avail the benefit of Mahila Samriddhi Yojana if they open their account in—
(A) Rural Post Offices (B) Commercial Banks (C) Rural Development Bank , (D) Any of the above
32. Which committee recommended tax on Agriculture Holdings ?
(A) Bhootlingam Committee (B) Wanchoo Committee (C) Raj Committee (D) None of these
33. The cause of deflation is—
(A) Lack of goods and services as compared to money supply (B) Lack of imports as compared to exports
(C) Lack of money supply as compared to supply of goods and services (D) None of these
34. Which of the following is a better measure of economic development ?
(A) Employment (B) Size of exports (C) Rural consumption (D) National Income
35. Which bank in India performs duties of Central Bank ?
(A) Central Bank of India (B) State Bank of India (C) Reserve Bank of India (D) Above (A) and (B)
36. ‘India Brand Equity Fund’ was established in—
(A) 1996 (B) 1997 (C) 1995 (D) 1992
37. Mixed Economy means—
(A) Co-existence of small and large industries (B) Promoting both Agriculture and Industries in the economy
(C) Co-existence of public and private sectors (D) Co-existence of rich and poor
38. “Pure Banking, Nothing Else” is a slogan raised by—
(A) ICICI Bank (B) HDFC Bank (C) SBI (D) UTI Bank
39. The main objective of TRYSEM was—
(A) To train rural youth for self employment (B) To train urban youth for self employment
(C) Both of the above (D) None of these
40. The establishment of IORARC (Indian Ocean Rim Association for Regional Co-operation) was officially declared on—
(A) March 5, 1996 (B) March 5, 1997 (C) April 1, 1997 (D) August 15, 1947
41. Inside Trading is related to—
(A) Share Market (B) Horse racing (C) Taxation (D) Public Expenditure
42. The largest source of National Income in India is—
(A) Service Sector (B) Agriculture (C) Industrial Sector (D) Trade Sector
43. ‘Public Sector’ means—
(A) Government ownership on commerce and trade (B) Capitalist ownership on commerce and trade
(C) Private ownership on trade (D) None of these
44. NABARD is—
(A) A bank (B) A board (C) A block (D) A department
45. Indian Green Revolution is the most successful in—
(A) Wheat and Potato (B) Jwar and Oil Seeds (C) Wheat and Rice (D) Tea and Coffee
46. The period of 10th plan in India was—
(A) 2000-2005 (B) 2001-2006 (C) 2002-2007 (D) 2003-2008
47. Economic Planning is in—
(A) Union list (B) State list (C) Concurrent list (D) Not any specified list
48. MRTP is related to—
(A) Monopoly and trade restrictions (B) Inflation control
(C) Transport control (D) Foreign Exchange Regulations
49. Interest Rate Policy is a part of—
(A) Fiscal Policy (B) Industrial Policy (C) Monetary Policy (D) None of these
50. The basis of determining dearness allowance to employees in India is—
(A) National Income (B) Consumer Price Index (C) Standard of Living (D) Per Capita Income
(A) Promoting cottage industry in villages (B) Promoting employment among rural unemployed youth
(C) Providing electricity to rural families living below the poverty line, (D) All of these
19. Novelis has been acquired and merged with—
(A) Tata Steels (B) SAIL (C) HINDALCO (D) Jindal Steels
20. OTCEI is— (A) Atomic Submarine of China (B) Economic policy of USA
(C) An Indian Share Market (D) A defence research organisation
21. The base of Consumer Price Index for Industrial Workers is being shifted from 1982 to—
(A) 1995 (B) 1998 (C) 2000 (D) 2001
22. CAPART is related with— (A) Assisting and evaluating rural welfare programmes (B) Computer hardware
(C) Consultant service of export promotion (D) Controlling pollution in big industries
23. Which of the following does not grant any tax rebate ?
(A) National Saving Certificate, (B) Indira Vikas Patra (C) National Saving Scheme (D) Public Providend Fund
24. SEBI was established in—
(A) 1993 (B) 1992 (C) 1988 (D) 1990
25. The working of SEBI includes— (A) To regulate the dealings of share market
(B) To check the foul dealings in share market (C) To control the inside trading of shares (D) All of these
26. The “Ad hoc Treasury Bill System” of meeting budget deficit in India was replaced by ‘Ways and Means Advances System’ which has come into force on—
(A) March 31, 1997 (B) April 1, 1996 (C) April 1, 1997 (D) None of these
27. Which statement of the following is true for IMF ?
(A) It is not an agency of UNO (B) It can grant loan to any country of the world
(C) It can grant loan to state Govt. of a country (D) It grants loan only to member nations
28. Which of the following is public sector organisation ?
(1) FCI Food Corporation of India (2) FCI Fertilizer Corporation of India
(3) Cotton Corporation of India (4) Jute Corporation of India
(A) Only 1 and 2 (B) Only 2, 3 (C) Only 3, 4 (D) All of these
29. Which day has been declared as ‘Balika Diwas’ (Girl Day) by the Ministry of Woman and Children Development ?
(A) April 5, every year (B) July 9, every year (C) October 9, every year (D) December 9, every year
30. Central Issue price of foodgrains under TPDS includes price for BPL and APL (below poverty line and above poverty line). What is the difference between the two ?
(A) Price for APL is double of BPL price (B) Price for BPL is one-third of APL price
(C) Difference of Rs. 500 per Qt. (D) Difference of Rs. 250 per Qt.
31. Rural women can avail the benefit of Mahila Samriddhi Yojana if they open their account in—
(A) Rural Post Offices (B) Commercial Banks (C) Rural Development Bank , (D) Any of the above
32. Which committee recommended tax on Agriculture Holdings ?
(A) Bhootlingam Committee (B) Wanchoo Committee (C) Raj Committee (D) None of these
33. The cause of deflation is—
(A) Lack of goods and services as compared to money supply (B) Lack of imports as compared to exports
(C) Lack of money supply as compared to supply of goods and services (D) None of these
34. Which of the following is a better measure of economic development ?
(A) Employment (B) Size of exports (C) Rural consumption (D) National Income
35. Which bank in India performs duties of Central Bank ?
(A) Central Bank of India (B) State Bank of India (C) Reserve Bank of India (D) Above (A) and (B)
36. ‘India Brand Equity Fund’ was established in—
(A) 1996 (B) 1997 (C) 1995 (D) 1992
37. Mixed Economy means—
(A) Co-existence of small and large industries (B) Promoting both Agriculture and Industries in the economy
(C) Co-existence of public and private sectors (D) Co-existence of rich and poor
38. “Pure Banking, Nothing Else” is a slogan raised by—
(A) ICICI Bank (B) HDFC Bank (C) SBI (D) UTI Bank
39. The main objective of TRYSEM was—
(A) To train rural youth for self employment (B) To train urban youth for self employment
(C) Both of the above (D) None of these
40. The establishment of IORARC (Indian Ocean Rim Association for Regional Co-operation) was officially declared on—
(A) March 5, 1996 (B) March 5, 1997 (C) April 1, 1997 (D) August 15, 1947
41. Inside Trading is related to—
(A) Share Market (B) Horse racing (C) Taxation (D) Public Expenditure
42. The largest source of National Income in India is—
(A) Service Sector (B) Agriculture (C) Industrial Sector (D) Trade Sector
43. ‘Public Sector’ means—
(A) Government ownership on commerce and trade (B) Capitalist ownership on commerce and trade
(C) Private ownership on trade (D) None of these
44. NABARD is—
(A) A bank (B) A board (C) A block (D) A department
45. Indian Green Revolution is the most successful in—
(A) Wheat and Potato (B) Jwar and Oil Seeds (C) Wheat and Rice (D) Tea and Coffee
46. The period of 10th plan in India was—
(A) 2000-2005 (B) 2001-2006 (C) 2002-2007 (D) 2003-2008
47. Economic Planning is in—
(A) Union list (B) State list (C) Concurrent list (D) Not any specified list
48. MRTP is related to—
(A) Monopoly and trade restrictions (B) Inflation control
(C) Transport control (D) Foreign Exchange Regulations
49. Interest Rate Policy is a part of—
(A) Fiscal Policy (B) Industrial Policy (C) Monetary Policy (D) None of these
50. The basis of determining dearness allowance to employees in India is—
(A) National Income (B) Consumer Price Index (C) Standard of Living (D) Per Capita Income
General Awareness:
1 (A), 2 (C), 3 (B), 4 (D), 5 (B), 6 (B), 7 (C), 8 (B), 9 (B), 10 (B), 11 (A), 12 (D), 13 (A), 14 (B), 15 (B), 16 (B), 17 (D), 18 (C), 19 (C), 20 (C), 21 (D), 22 (A), 23 (B), 24 (C), 25 (D), 26 (C). 27 (D), 28 (D), 29 (D), 30 (A), 31 (A), 32 (d), 33 (C), 34 (D), 35 (C), 36 (A), 37 (C), 38 (C), 39 (A), 40 (B), 41 (A), 42 (A), 43 (A), 44 (A), 45 (C), 46 (C), 47 (C), 48 (A), 49 (C), 50 (B)
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