Bank of Maharashtra– General Awareness Solved Question paper1 is listed below. The applicants can get a idea by seeing this general awareness solved paper and prepare for bank examination conducted in Bank of Maharashtra.
Bank of Maharashtra Solved paper-2008
General Awareness Solved Question Paper of Bank of Maharashtra held on 25th May 2008.
SECTION: General Awareness Question & Answer:
1. The Govt. of India has taken a decision to open three more IITs during the year 2008-09. These IITs will be in which of the following groups of States ?
(A) Bihar, Rajasthan, Andhra Pradesh
(B) Andhra Pradesh, Orissa, Karnataka
(C) Karnataka, Tamil Nadu, Kerala
(D) Uttar Pradesh, Madhya Pradesh, Bihar
(E) None of these
Ans : (A)
2. Which of the following is/are not the highlights of the Union Budget 2008-09 ?
1. A Risk Capital Fund is to be set up and maintained by one of the financial institutes.
2. Allocation for Defence is reduced by 10% to make it Rs. 10,000 crore.
3. Several new schemes to be introduced for providing social security to the people in unorganized sectors.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1, 2 and 3
Ans : (B)
3. To help farming community the Govt. of India has decided to raise the Minimum support price of paddy for current Kharif marketing season. What is that price ?
(A) Rs. 800 per quintal
(B) Rs. 900 per quintal
(C) Rs. 950 per quintal
(D) Rs. 1200 per quintal
(E) None of these
Ans : (E)
4. Which of the following is the correct definition of the term commercial papers ?
1. It is nothing but the popular name of the Judicial stamp papers used to register financial transactions.
2. It is one of the instruments through which Corporates raise debt from the market.
3. It is the name of the ‘Certificate of Deposits’ provided by the Banks to its retail customers.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1, 2 and 3
Ans : (B)
5. As per the decision taken by the Govt. of India two financial inclusion funds are set up with an overall corpus of Rs. 500 crore each. These funds-Financial Inclusion Fund and Financial Inclusion Technology Fund are to be set up by the initial contribution made by the……
(A) SIDBI, NABARD and UTI
(B) NABARD, UTI and RBI
(C) Govt. of India, NABARD and RBI
(D) SIDBI, Govt. of India and IDBI Bank
(E) None of these
Ans : (C)
6. As per the Railway Budget 2008-09 the Operating ratio of Railways is pitched at which of the following levels ? Approximately……
(A) 70%
(B) 75%
(C) 98%
(D) 90%
(E) 81%
Ans : (E)
7. As per the Govt. policy the provision of the subsidy for interest subvention to co-operative Sugar Mills is done by which of the following agencies / organizations ?
(A) Commission for Agricultural costs and prices
(B) National Bank for Agriculture and Rural Development
(C) Ministry of Agriculture
(D) National Commission on Farmers
(E) None of these
Ans : (B)
8. Banks these days have launched a new scheme product known as ‘Reverse Mortgage’. The scheme is designed keeping which of the following groups of society in consideration ?
(A) Youngsters who have just started earning
(B) Defence personnel whose life is always at high risk
(C) Senior Citizen
(D) Women who do not have independent source of income
(E) None of these
Ans : (C)
9. As per the new figures released in recent past what has been the ratio of taxes to Gross Domestic Product (Tax-GDP) in 2007-08 ? Approximately……
(A) 8%
(B) 9%
(C) 10%
(D) 11•5%
(E) 12•5%
Ans : (E)
10. Many a times we read in the newspapers a term ‘Hot Money’. Which of the following is the correct definition of Hot Money ?
1. This is the fund which is dumped into a country to get the advantage of a favourable interest rate and hence brings higher returns.
2. This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment.
3. This is the fund which is pushed into market through Hawala or some other such illegal methods and sometimes referred also as Black Money.
(A) Only 1 is correct
(B) Both 1 and 2 are correct
(C) Only 3 is correct
(D) Both 1 and 3 are true
(E) Only 2 is correct
Ans : (A)
11. As per the report released in the press the Govt. of India has done a study on Special Economic Zones. Which of the following is/are the highlights of the reports ?
1. Report says that SEZs should not be given much preference by the policy makers.
2. Study says that the end benefit in the next few years may be of the tune of Rs. 1,50,000 crores which will be much higher than the estimated revenue losses.
3. Since new SEZs are developed by the Private Sector the investment for infrastructural development is like a net saving for the Govt.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 2 and 3
(E) None of these
Ans : (C)
12. As per the new figures released by the Govt. agencies the Foreign Direct Investment inflow to India is at higher level and has increased substantially in recent past. Which of the following is/are the contributory factors which has/have helped in this record growth ?
1. Progressive delicensing of various sectors.
2. Simplification of business procedures in India.
3. Sub Prime crisis in USA.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Only 3
(E) All 1, 2 and 3
Ans : (C)
13. Which of the following Companies has got “Navratna Status’ recently ?
(A) National Mineral Development
Corporation (NMDC)
(B) National Textile Corporation (NTC)
(C) Maruti Udyog Ltd.
(D) IDBI Bank Ltd.
(E) None of these
Ans : (A)
14. The real return to the investor sometimes gets reduced due to sudden rise in the prices of the commodities. This phenomenon in financial market is known as…
(A) Market risk
(B) Inflation risk
(C) Credit risk
(D) Diversification of funds
(E) None of these
Ans : (B)
15. In the recent times the RBI and Securities and Exchange Board of India (SEBI) have taken various steps to control the flow of capital in Indian economy. Which of the following is/are not included in these step(s) ?
1. Guidelines are issued to restrict unregulated overseas investors through ‘p-notes’.
2. Rs. 60,000 crores out of this fund is being provided to waive the loans on farmers.
3. Borrowers raising external commercial borrowings of over $ 20 million would have to park the proceeds overseas for use as foreign currency expenditure.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 3
(E) All 1, 2 and 3
Ans : (E)
16. Which of the following countries has recently made an agreement with the World Trade Organization which will allow it to join the same as a permanent member ?
(A) Russia
(B) Afghanistan
(C) Zambia
(D) Uganda
(E) Ukraine
Ans : (E)
17. Prime Minister of India on his visit to China a few months back signed a detailed agreement with the same. What is/are the major highlights of the agreement ?
1. Both the countries agreed to continue high level exchange of views. Indian President is invited to China.
2. India to host joint military exercise in 2008.
3. India has decided to raise the issue of Tibet in UNO. China has agreed for the same.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Only 3
(E) All 1, 2 and 3
Ans : (C)
18. As per the reports in the leading newspapers Securities and Exchange Board of India (SEBI) has asked the Mutual Fund industry to stop ‘Misselling’ their schemes to investors. What is ‘Misselling’ of products ?
1. Misselling takes place when mutual funds are sold without telling the likely returns.
2. When agents sell the products without telling investors what are the risks involved in investing in mutual funds.
3. When agents invest somebody’s money in mutual funds without their knowledge, it is called misselling.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (B)
19. As per the news report SEBI has allowed short selling by FIs/MFs from February 1, 2008. What is ‘short selling’ ?
1. Selling of shares that the seller does not own at the time of trading.
2. Selling of shares on the same day or on the day they were allotted to the trader.
3. Selling of shares on a much lower price due to turbulent market situations.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Ans : (A)
20. Which of the following countries is governed by the Norweigianmediated ceasefire Agreement to end its dispute with a group of rebellions ?
(A) Nepal
(B) Myanmar
(C) Afghanistan
(D) Sri Lanka
(E) None of these
Ans : (D)
21. The USA, as reported in the leading newspapers is proceeding towards ‘recession’. What happens when an economy goes in the grip of ‘recession’ ?
1. GDP growth slows down.
2. People lose their jobs.
3. Foreign exchange reserve goes up substantially as lot of loans/grants start pouring in.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) None of these
Ans : (D)
22. The Sensitive Index of the Bombay Stock Exchange keeps on changing positively and negatively both. Which of the following is/are the main reasons which contribute for this sudden change in the same ?
1. Higher GDP Growth.
2. Continuous Foreign Funds Flow.
3. High Volume of Forex Reserves.
4. Recession in USA.
(A) Only 1 and 2
(B) Only 2 and 3
(C) Only 3 and 4
(D) Only 2
(E) All 1, 2, 3 and 4
Ans : (B)
23. The Jerusalem and Palestine made an agreement on their peace negotiations. Which of the following is/are the points included in the agreement ?
1. There should be an end to the occupation that began in 1967.
2. The agreement must establish Palestine as a homeland for the Palestinian people just as Israel is the homeland for Jewish people.
3. All the disputes should be solved with the mutual talks only and in presence of US Observers.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) None of these
Ans : (D)
24. Who amongst the following agreed to supply aircraft carrier ‘Gorshkov’ to India for its defence services ?
(A) Russia
(B) France
(C) Germany
(D) Italy
(E) None of these
Ans : (A)
25. The Govt. of India has decided to set up a Committee to redraft Right to Education Bill 2005.
What was/were the objection(s) owing to which Govt. has to redraft the bill ?
1. State Governments are required to spend more money on education. Since education is the responsibility of centre and state both, expenditure should be shared equally by both of them.
2. States were advised to ensure that a school is available at the distance of one km for each child.
3. Children in Central schools are not allowed to get free education whereas schools run by States were asked to ensure that.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 and 2
(E) All 1, 2 and 3
Ans : (B)
To read Bank of Maharashtra General Awareness Solved Paper2 select the following link Bank of Maharashtra Solved paper2-General Awareness.
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