Indian Overseas Bank PO Exam Solved paper1 - Indian Overseas Bank PO Exam General Awareness solved questions are listed below. Applicants can make use of this information to prepare for Indian Overseas bank PO -Probationary Officer Exam1 -2009.
Indian Overseas Bank – General Awareness Solved Paper1- 2009
Solved question paper1 of Indian Overseas Bank Probationary Officers Exam-Held on 5th-april- 2009
I)SECTION:
General Awareness:
1Q. Which one of the following is the percentage upto which FDI in defense sector is allowed ?
(A) 26%
(B) 41%
(C) 31%
(D) 49%
(E) None of these
Answer : (A)
2Q. Whenever RBI does some Open Market Operation Transactions, actually it wishes to regulate which of the following ?
(A) Inflation only
(B) Liquidity in economy
(C) Borrowing powers of the banks
(D) Flow of Foreign Direct Investments
(E) None of these
Answer : (C)
3Q. The maximum amount of the Total Revenue earned by the Govt. of India comes from—
(A) Income Tax
(B) Customs Duty
(C) Excise Duty
(D) Value Added Tax
(E) Corporate Tax
Answer : (E)
4Q. In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to—
(A) Employ more and more people
(B) Maximize total profits
(C) Maximize total production
(D) Provide financial service to the people of the nation of its origin across the country
(E) Sell the goods at subsidized cost
Answer : (D)
5Q. Which of the following is TRUE about the ‘Single—EURO Payment Area’ a concept very much in news these days ?
1. It is a concept floated by European Union.
2. It aims to create an integrated market for payment services in EURO.
3. It is a contract to convert all US dollar payments into EURO, which is a currency almost free from fluctuations in its value.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) None of these
Answer : (D)
6Q. What is a Repo Rate ?
(A) It is a rate of which RBI sell Govt. securities to banks
(B) It is a rate at which RBI buys Govt. securities from banks
(C) It is a rate at which RBI allows small loans in the market
(D) It is a rate which is offered by Banks to their most valued customers or prime customers
(E) None of these
Answer : (A)
7Q. In a Company the use of price sensitive corporate information by the Company-people to make gains or cover losses is known as—
(A) Insider trading
(B) Future trading
(C) Foreign trading
(D) Stock trading
(E) None of these
Answer : (A)
8Q. As per the directives issued by the Prime Minister’s Economic Advisory Council (EAC), the percentage of the current account deficit (of the total GDP) during 2008-2009 should not be more than—
(A) 2•8%
(B) 3•0%
(C) 3•1%
(D) 3•2%
(E) None of these
Answer : (D)
9Q. The agricultural census is done at which of the following intervals ?
(A) There is no fixed term
(B) Every year
(C) Once in three years
(D) Once in ten years
(E) Once in five years
Answer : (E)
10. Which of the following cannot be called as a Debt Instrument as referred in financial transactions ?
(A) Certificate of Deposits
(B) Bonds
(C) Stocks
(D) Commercial Papers
(E) Loans
Answer : (C)
11Q. The amount of which of the following reflects the overall budgetary position of the Govt. of India at a given time ?
(A) Revenue Deficit
(B) Total Amount of Income Tax collected
(C) Capital Deficit
(D) Fiscal Deficit
(E) None of these
Answer : (D)
12Q. The 11th Five Year Plan is termed as plan for—
(A) India’s Health
(B) Eradication of poverty from India
(C) India’s Education
(D) Development of Rural India
(E) None of these
Answer : (C)
13Q. Who amongst the following gave the concept of PURA (Providing Urban facilities in Rural Areas) ?
(A) Rajiv Gandhi
(B) Manmohan Singh
(C) A.P.J. Abdul Kalam
(D) Sonia Gandhi
(E) None of these
Answer : (C)
14Q. The higher rate of growth of economy certainly reduces the—
(A) Gender inequalities
(B) Poverty
(C) Population of a country
(D) Flow of foreign direct investment
(E) None of these
Answer : (B)
15Q. Bharat Nirman does not cover which of the following areas ?
(A) Rural employment
(B) Rural Housing
(C) Rural Water supply
(D) Irrigation facilities
(E) It covers all the above areas
Answer : (A)
16Q. Which of the following committees has given its recommendations on ‘Financial Inclusion’ ?
(A) Rakesh Mohan Committee
(B) Rangarajan Committee
(C) Sinha Committee
(D) Kelkar Committee
(E) None of these
Answer : (B)
17Q. Which of the following correctly describes what sub-prime lending is ?
1. Lending to the people who cannot return the loans.
2. Lending to the people who are high value customers of the banks.
3. Lending to those who are not a regular customer of a bank.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Answer : (A)
18Q. Which of the following is/are the major concepts visible in today’s banking industry in India ?
1. Risk Based Management
2. Growing competition
3. IT Initiatives
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 2 and 3
(E) All 1, 2 and 3
Answer : (A)
19Q. Which of the following services provided by a bank in India is not liable for Service Tax as per existing laws ?
(A) Safe Deposit Lockers
(B) Merchant Banking Services
(C) Credit cards
(D) Discount earned on certain discounted bills
(E) None of these
Answer : (D)
20Q. The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden. In financial sector this type of phenomenon is known as—
(A) Probability risk
(B) Market risk
(C) Inflation risk
(D) Credit risk
(E) None of these
Answer : (B)
21Q. In India Minimum Support Prices are announced by the Govt. of India every year. Which of the following commodities is not covered under this policy ?
(A) Sugar
(B) Wheat
(C) Cotton
(D) White goods
(E) All are covered under the policy
Answer : (D)
22Q. Which of the following policies of a country brings a crucial impact on the economic growth of the nation ?
1. Fiscal policy
2. Foreign policy
3. Social policies
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) Only 2 and 3
(E) All 1, 2 and 3
Answer : (C)
23Q. Which of the following financial products is not much popular in India as they are launched recently only ?
(A) Development Bonds
(B) Insurance Policies
(C) Mutual funds
(D) Sovereign Wealth Funds
(E) All are very popular products in India
Answer : (D)
24Q. Which of the following countries is given permanent membership of the World Trade Organisation recently ?
(A) Ukrain
(B) India
(C) Pakistan
(D) Sri Lanka
(E) None of these
Answer : (E)
25Q. When the prices of commodities, goods and services start declining consistently, the phenomenon is known as—
(A) Discount yield
(B) Deflation
(C) Negative growth
(D) Market capitalization
(E) None of these
Answer : (B)
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