SBI Clerks General Awareness Questions and Answers /Current Affair /interview Question
1. Foreign Tourist Arrivals (FTAs) in India during the Month of July 2012 stood at 5.25 lakh as compared to 5.14 lakh in July 2011 and 4.67 lakh in July 2010. The July figure translated into FTAs growth of what percent in July 2012 over July 2011?
a. 2.1%
b. 12.1%
c. 5.5%
d. 1.33%
Answer: (a)
2. With respect to the India’s industrial output figures released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation on 9 August 2012, which of the following statements are not true?
1. India’s industrial output plunged to 1.8 per cent in June 2012 compared to 9.5 per cent growth registered during June 2011
2. For the first (April-June) quarter of 2012-13, the index of industrial production (IIP) declined 0.7 per cent against 6.9 per cent growth in the same quarter of fiscal 2011-12.
3. The capital goods category recorded a decline of 27.9 per cent in output in June 2012
4. Consumer durables witnessed a growth of 9.1 per cent. However, consumer non-durables declined 1 per cent in June 2012
a. 1 & 3
b. Only 3
c. Only 2
d. 3 & 4
Answer: (c)
3. According to the FDI data released by Reserve Bank of India (RBI) on 10 August 2012, Foreign Direct Investment (FDI) inflow in India declined to what amount in the April-June quarter of fiscal 2012-13?
a. 5 billion dollar
b. 5.4 billion dollar
c. 6.4 billion dollar
d. 7 billion dollar
Answer: (b)
4. India’s annual headline inflation for the month of July 2012 eased to its three-year low to what percent in July 2012 from 7.25 percent in June 2012 and 9.63 percent in July 2011?
a. 4.1%
b. 3.3%
c. 5.2%
d. 6.87%
Answer: (d)
5. India’s exports for the month of July 2012 stood at 22.4 billion dollar registering a decline of - 14.8 percent as compared to 26.3 billion dollar during the same month of 2011. Imports during July 2012 stood at 37.9 billion dollar as compared to 41.1 billion dollar in July 2011. What was the Balance of Trade figure for July 2012?
a. 15.5 billion dollar
b. 14.7 billion dollar
c. 13.6 billion dollar
d. 9.6 billion dollar
Answer: (a)
6. As per the latest global ranking compiled and published by the World Federation of Exchanges (WFE) in August 2012, which became the world’s largest bourse in terms of the number of trades in equity segment for the first six months of 2012?
a. National Stock Exchange (NSE)
b. Bombay Stock Exchange (BSE)
c. MCX-SX
d. Ahmadabad Stock Exchange
Answer: (a)
7. The Union Cabinet on 4 August 2012 approved the reserve price for auction of 2G spectrum as well as spectrum usage charges (SUC). The Cabinet set what reserve price for the 5 megahertz pan-India spectrum in the 1800 megahertz band?
a. 1400 crore rupees
b. 14000 crore rupees
c. 140 crore rupees
d. 14 crore rupees
Answer: (b)
8. The Reserve Bank of India (RBI) in a notification issued on 3 August 2012 stated that all registered non-banking financial companies (NBFCs) which who intend to convert themselves into non-banking financial company-micro finance institutions (NBFC-MFIs) would have to seek registration with immediate effect, not later than 31 October 2012.
Which of the following statements are not true with respect to this?
1. The central bank also mentioned that the NBFCs have to maintain net-owned funds (NOF) at Rs 3 crore by 31 March 2013, and at Rs.5 crore by 31 March 31 2014
2. NBFCs operating in the north-eastern region are to maintain the minimum NOF at Rs.1 crore by 31 March 2012, and at Rs.2 crore by 31 March 2014
3. The rate of interest on individual loans may exceed 31 per cent, the maximum variance permitted for individual loans between the minimum and the maximum interest rate cannot exceed 4 per cent
4. The cap on margins as defined by the Malegam Committee are not to exceed 10 per cent for large MFIs (loans portfolios exceeding Rs.100 crore) and 12 per cent for others
a. 1 & 4
b. 2 & 4
c. Only 3
d. Only 4
Answer: (c)
9. According to the latest data released by the Controller General of Accounts (CGA) on 1 August 2012, India's fiscal deficit in the first quarter (April-June) of the fiscal year 2012-13 stood at 1.90 lakh crore rupees. The amount is what per cent of the entire budget estimate?
a. 31%
b. 33%
c. 35%
d. 37%
Answer: (d)
10. An Empowered Group of Ministers (EGoM) on drought, headed by agriculture minister Sharad Pawar in a meeting on 31 July 2012 took certain decisions to help farmers in the backdrop of the draught like situations prevailing in certain states. Which of the following is not a part of d decision taken by the EGoM?
1. The EGoM announced a 50 per cent diesel subsidy scheme for the farmers to help them save the standing kharif crop through irrigation
2. A relief package of Rs 1440 crore was also cleared towards watershed development-related efforts in Karnataka, Maharashtra, Gujarat and Rajasthan
3. The subsidy amount on seeds of cereals is to be increased from Rs 500 a quintal to Rs 800 per quintal, while that of pulses and oilseeds would be enhanced from Rs 1200 per quintal to Rs 2200 per quintal
4. Agriculture Ministry also decided to waive the duty on import of certain items to increase the availability of feed ingredients for animal husbandry sector needs.
a. Only 3
b. Only 2
c. 1 & 2
d. Only 4
Answer: (a)
11. Which two countries decided to Fast Track the Implementation of Various Agreements
(a) United States and India
(b) India and Bangladesh
(c) India and Afghanistan
(d) Russia and China
Answer: (b) India and Bangladesh
12. Which of the following country, called on all nations within and outside Syria to fully cooperate with international envoy Kofi Annan to bring an end to the ongoing crisis situation in Syria.
(a) United States
(b) Britain
(c) India
(d) Russia
Answer: (c) India
13. Which are the two countries signed an agreement to avoid double taxation and prevent fiscal evasion with respect to taxes on income on 27 July 2012
a. China and United Kingdom
b. India and Indonesia
c. France and United States
d. China and France
Answer: (b)
14. Which county banned the US-sanctioned Iranian ships from entering its water
(a) India
(b) Tokyo
(c) Maldives
(d) Afghanistan
Answer: (a) India
15. Union government in the meeting of informal group of ministers chaired by Finance Minister Pranab Mukherjee on 30 April 2012 decided to allow further cotton exports in the 2011-12 marketing year ending September 2012. Which of the facts related to this statement is not true?
2. The government had in March 2012 lifted the ban on exports but had decided not to issue fresh registration of certificates (RCs)
3. India exported 123 lakh bales so far in the ongoing cotton season. Prior to the imposition of the ban the government had issued RCs for about 130 lakh bales
4. Cotton Advisory Board (CAB) had in April 2012 revised production estimates upwards to 347 lakh bales from 345 lakh bales for the 2011-12 season
5. CAB also revised domestic consumption estimates downwards to about 250 lakh bales from 260 lakh bales earlier
a. Only 1
b. 3 & 4
c. Only 4
d. Only 2
Answer: (d)
16. India on 30 April 2012 announced its decision to export what quantity of iron ore to steel mills of Japan and South Korea under a long-term agreement due to be signed in May 2012?
a. 2.1 million tonnes (mt)
b. 3 million tonnes (mt)
c. 3.5 million tonnes (mt)
d. 2.7 million tonnes (mt)
Answer: (a)
17. State-owned oil companies for the second time in the month of April reduced jet fuel prices by what amount on 30 April 2012?
a. Rs 300 per kilolitre or kl
b. Rs 312 per kilolitre or kl
c. Rs 322 per kilolitre or kl
d. Rs 340 per kilolitre or kl
Answer: (b)
18. Union minister of labour and employment Mallikarjun Kharge inaugurated the E-Challan and Receipt (ECR) facility on 1 May 2012. Which of the following statements related to the statement is not true?
1. E-Challan and Receipt (ECR) facility was inaugurated to bring transparency and accessibility for employers in depositing monthly Employees’ Provident Fund or EPF contributions of their workers
2. Employers under the ECR service would have to register their organisations online and generate challans for making monthly deposits. They can use these challan for either electronically or physically depositing the Provident Fund or PF contributions to the bank.
3. After the bank confirms the deposit, the concerned regional office’s system would be automatically notified and individual members’ accounts would get updated
4. the need of annual accounts preparation at the end of the will continue to prevail under this system
a. 1 & 2
b. Only 2
c. Only 4
d. 2 & 3
Answer: c
19. Reserve Bank of India (RBI) on 4 May 2012 raised the interest rate ceiling on NRI deposits in foreign currencies by up to what percent?
a. 1%
b. 2.5%
c. 3.3%
d. 3%
Answer: (d)
20. Consider the following statements using the code given below identify the personality with whom these statements are associated
1. He has been named the most powerful CEO of India by the Economic Times
2. He is a member of the Prime Minister's Council on Trade and Industry
3. He also serves as a board member on the Republic of South Africa's International Investment Council
4. He was awarded with Padma Vibhushan in 2008
(a) Deepak Parekh
(b) Mukesh Ambani
(c) Ratan Tata
(d) Azim Prem Ji
Answer: (c)
21. Which one of the following statements is wrong
(a) Cyrus Mistry is the deputy chairman and chairman-designate of Tata Group
(b) He is the first person not from Tata family to lead the Tata group
(c) He was named the Deputy Chairman of the company in 23 November 2011
(d) He is the son of Irish construction magnate Pallonji Mistry
Answer: (b)
22. Moody’s downgraded the ratings of which of the two following private sector banks?
(a) HDFC and Indus Ind
(b) ICICI and Axis Bank
(c) Standard Chartered and Barclays
(d) ABN Amro and HSBC
Answer: (b)
23. Which one of the following social networking sites launched its IPO in the market?
(a) Facebook
(b) Twitter
(c) Orkut
(d) Linked In
Answer: (a)
24. Google the world’s largest internet search engine was founded in which of the following year?
(a) 1996
(b) 1998
(c) 1997
(d) 1992
Answer: (a)
25. Indian Banks Association was formed in the following year?
a) 1946
b)1947
c)1948
d)1991
Answer : (a)
a. 2.1%
b. 12.1%
c. 5.5%
d. 1.33%
Answer: (a)
2. With respect to the India’s industrial output figures released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation on 9 August 2012, which of the following statements are not true?
1. India’s industrial output plunged to 1.8 per cent in June 2012 compared to 9.5 per cent growth registered during June 2011
2. For the first (April-June) quarter of 2012-13, the index of industrial production (IIP) declined 0.7 per cent against 6.9 per cent growth in the same quarter of fiscal 2011-12.
3. The capital goods category recorded a decline of 27.9 per cent in output in June 2012
4. Consumer durables witnessed a growth of 9.1 per cent. However, consumer non-durables declined 1 per cent in June 2012
a. 1 & 3
b. Only 3
c. Only 2
d. 3 & 4
Answer: (c)
3. According to the FDI data released by Reserve Bank of India (RBI) on 10 August 2012, Foreign Direct Investment (FDI) inflow in India declined to what amount in the April-June quarter of fiscal 2012-13?
a. 5 billion dollar
b. 5.4 billion dollar
c. 6.4 billion dollar
d. 7 billion dollar
Answer: (b)
4. India’s annual headline inflation for the month of July 2012 eased to its three-year low to what percent in July 2012 from 7.25 percent in June 2012 and 9.63 percent in July 2011?
a. 4.1%
b. 3.3%
c. 5.2%
d. 6.87%
Answer: (d)
5. India’s exports for the month of July 2012 stood at 22.4 billion dollar registering a decline of - 14.8 percent as compared to 26.3 billion dollar during the same month of 2011. Imports during July 2012 stood at 37.9 billion dollar as compared to 41.1 billion dollar in July 2011. What was the Balance of Trade figure for July 2012?
a. 15.5 billion dollar
b. 14.7 billion dollar
c. 13.6 billion dollar
d. 9.6 billion dollar
Answer: (a)
6. As per the latest global ranking compiled and published by the World Federation of Exchanges (WFE) in August 2012, which became the world’s largest bourse in terms of the number of trades in equity segment for the first six months of 2012?
a. National Stock Exchange (NSE)
b. Bombay Stock Exchange (BSE)
c. MCX-SX
d. Ahmadabad Stock Exchange
Answer: (a)
7. The Union Cabinet on 4 August 2012 approved the reserve price for auction of 2G spectrum as well as spectrum usage charges (SUC). The Cabinet set what reserve price for the 5 megahertz pan-India spectrum in the 1800 megahertz band?
a. 1400 crore rupees
b. 14000 crore rupees
c. 140 crore rupees
d. 14 crore rupees
Answer: (b)
8. The Reserve Bank of India (RBI) in a notification issued on 3 August 2012 stated that all registered non-banking financial companies (NBFCs) which who intend to convert themselves into non-banking financial company-micro finance institutions (NBFC-MFIs) would have to seek registration with immediate effect, not later than 31 October 2012.
Which of the following statements are not true with respect to this?
1. The central bank also mentioned that the NBFCs have to maintain net-owned funds (NOF) at Rs 3 crore by 31 March 2013, and at Rs.5 crore by 31 March 31 2014
2. NBFCs operating in the north-eastern region are to maintain the minimum NOF at Rs.1 crore by 31 March 2012, and at Rs.2 crore by 31 March 2014
3. The rate of interest on individual loans may exceed 31 per cent, the maximum variance permitted for individual loans between the minimum and the maximum interest rate cannot exceed 4 per cent
4. The cap on margins as defined by the Malegam Committee are not to exceed 10 per cent for large MFIs (loans portfolios exceeding Rs.100 crore) and 12 per cent for others
a. 1 & 4
b. 2 & 4
c. Only 3
d. Only 4
Answer: (c)
9. According to the latest data released by the Controller General of Accounts (CGA) on 1 August 2012, India's fiscal deficit in the first quarter (April-June) of the fiscal year 2012-13 stood at 1.90 lakh crore rupees. The amount is what per cent of the entire budget estimate?
a. 31%
b. 33%
c. 35%
d. 37%
Answer: (d)
10. An Empowered Group of Ministers (EGoM) on drought, headed by agriculture minister Sharad Pawar in a meeting on 31 July 2012 took certain decisions to help farmers in the backdrop of the draught like situations prevailing in certain states. Which of the following is not a part of d decision taken by the EGoM?
1. The EGoM announced a 50 per cent diesel subsidy scheme for the farmers to help them save the standing kharif crop through irrigation
2. A relief package of Rs 1440 crore was also cleared towards watershed development-related efforts in Karnataka, Maharashtra, Gujarat and Rajasthan
3. The subsidy amount on seeds of cereals is to be increased from Rs 500 a quintal to Rs 800 per quintal, while that of pulses and oilseeds would be enhanced from Rs 1200 per quintal to Rs 2200 per quintal
4. Agriculture Ministry also decided to waive the duty on import of certain items to increase the availability of feed ingredients for animal husbandry sector needs.
a. Only 3
b. Only 2
c. 1 & 2
d. Only 4
Answer: (a)
11. Which two countries decided to Fast Track the Implementation of Various Agreements
(a) United States and India
(b) India and Bangladesh
(c) India and Afghanistan
(d) Russia and China
Answer: (b) India and Bangladesh
12. Which of the following country, called on all nations within and outside Syria to fully cooperate with international envoy Kofi Annan to bring an end to the ongoing crisis situation in Syria.
(a) United States
(b) Britain
(c) India
(d) Russia
Answer: (c) India
13. Which are the two countries signed an agreement to avoid double taxation and prevent fiscal evasion with respect to taxes on income on 27 July 2012
a. China and United Kingdom
b. India and Indonesia
c. France and United States
d. China and France
Answer: (b)
14. Which county banned the US-sanctioned Iranian ships from entering its water
(a) India
(b) Tokyo
(c) Maldives
(d) Afghanistan
Answer: (a) India
15. Union government in the meeting of informal group of ministers chaired by Finance Minister Pranab Mukherjee on 30 April 2012 decided to allow further cotton exports in the 2011-12 marketing year ending September 2012. Which of the facts related to this statement is not true?
2. The government had in March 2012 lifted the ban on exports but had decided not to issue fresh registration of certificates (RCs)
3. India exported 123 lakh bales so far in the ongoing cotton season. Prior to the imposition of the ban the government had issued RCs for about 130 lakh bales
4. Cotton Advisory Board (CAB) had in April 2012 revised production estimates upwards to 347 lakh bales from 345 lakh bales for the 2011-12 season
5. CAB also revised domestic consumption estimates downwards to about 250 lakh bales from 260 lakh bales earlier
a. Only 1
b. 3 & 4
c. Only 4
d. Only 2
Answer: (d)
16. India on 30 April 2012 announced its decision to export what quantity of iron ore to steel mills of Japan and South Korea under a long-term agreement due to be signed in May 2012?
a. 2.1 million tonnes (mt)
b. 3 million tonnes (mt)
c. 3.5 million tonnes (mt)
d. 2.7 million tonnes (mt)
Answer: (a)
17. State-owned oil companies for the second time in the month of April reduced jet fuel prices by what amount on 30 April 2012?
a. Rs 300 per kilolitre or kl
b. Rs 312 per kilolitre or kl
c. Rs 322 per kilolitre or kl
d. Rs 340 per kilolitre or kl
Answer: (b)
18. Union minister of labour and employment Mallikarjun Kharge inaugurated the E-Challan and Receipt (ECR) facility on 1 May 2012. Which of the following statements related to the statement is not true?
1. E-Challan and Receipt (ECR) facility was inaugurated to bring transparency and accessibility for employers in depositing monthly Employees’ Provident Fund or EPF contributions of their workers
2. Employers under the ECR service would have to register their organisations online and generate challans for making monthly deposits. They can use these challan for either electronically or physically depositing the Provident Fund or PF contributions to the bank.
3. After the bank confirms the deposit, the concerned regional office’s system would be automatically notified and individual members’ accounts would get updated
4. the need of annual accounts preparation at the end of the will continue to prevail under this system
a. 1 & 2
b. Only 2
c. Only 4
d. 2 & 3
Answer: c
19. Reserve Bank of India (RBI) on 4 May 2012 raised the interest rate ceiling on NRI deposits in foreign currencies by up to what percent?
a. 1%
b. 2.5%
c. 3.3%
d. 3%
Answer: (d)
20. Consider the following statements using the code given below identify the personality with whom these statements are associated
1. He has been named the most powerful CEO of India by the Economic Times
2. He is a member of the Prime Minister's Council on Trade and Industry
3. He also serves as a board member on the Republic of South Africa's International Investment Council
4. He was awarded with Padma Vibhushan in 2008
(a) Deepak Parekh
(b) Mukesh Ambani
(c) Ratan Tata
(d) Azim Prem Ji
Answer: (c)
21. Which one of the following statements is wrong
(a) Cyrus Mistry is the deputy chairman and chairman-designate of Tata Group
(b) He is the first person not from Tata family to lead the Tata group
(c) He was named the Deputy Chairman of the company in 23 November 2011
(d) He is the son of Irish construction magnate Pallonji Mistry
Answer: (b)
22. Moody’s downgraded the ratings of which of the two following private sector banks?
(a) HDFC and Indus Ind
(b) ICICI and Axis Bank
(c) Standard Chartered and Barclays
(d) ABN Amro and HSBC
Answer: (b)
23. Which one of the following social networking sites launched its IPO in the market?
(a) Facebook
(b) Twitter
(c) Orkut
(d) Linked In
Answer: (a)
24. Google the world’s largest internet search engine was founded in which of the following year?
(a) 1996
(b) 1998
(c) 1997
(d) 1992
Answer: (a)
25. Indian Banks Association was formed in the following year?
a) 1946
b)1947
c)1948
d)1991
Answer : (a)
