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Financial Awareness Online Mock Test

Financial Awareness Online Mock Test – Question Answers for Sarkari Naukri-exam . This mock test having 100 questions in Financial Aptitude, with four choices. On each click on answers system will tell you where the answers is correct or incorrect. You can view this Financial Awareness test question details at the end of the quiz.

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Financial Awareness Question Answers

Financial Awareness Online Mock Test

Financial Awareness Online Mock Test – Question Answers

Financial Awareness questions answers are applicable for any kind of Financial related exam preparation in India like SBI, IBPS and other. You can practice as much as you can to gather knowledge of how to answers Financial Aptitude critical type papers in short time and this can be a big factor for cracking all India level exam. Try Other Online Mock Test Free.



Financial Awareness Online Mock Test - Question Answers

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Question 1
‘India Brand Equity Fund’ was established in—
A
1996
B
1997
C
1995
D
1992
Question 2
Government has notified the hike in Foreign Direct Investment (FDI) limit for Public Sector Undertakings refineries. The new FDI limit is—
A
26%
B
49%
C
51%
D
75%
Question 3
Which committee recommended tax on Agriculture Holdings ?
A
Bhootlingam Committee
B
Wanchoo Committee
C
Raj Committee
D
None of these
Question 4
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
Question 5
What growth target government has estimated for the domestic crude production for the 11th Plan (2007–12) ?
A
42%
B
33%
C
29%
D
26%
Question 6
The Ex-officio Secretary of NDC is—
A
Secretary of Finance Ministry
B
General Secretary of Lok Sabha
C
Secretary of Planning Commission
D
Vice Chairman of Planning Commission
Question 7
Pradhanmantri Bharat Jodo Pariyojna is related to—
A
Communication
B
Social Integration
C
Linking of Rivers
D
Development of Highways
Question 8
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
Question 9
CENVAT is related to—
A
Sales Tax
B
Excise Duty
C
Custom Duty
D
Service Tax
Question 10
15th SAARC Summit was held in July–August 2008. The venue of the summit was—
A
New Delhi
B
Sri Lanka
C
Maldives
D
Bangladesh
Question 11
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
Question 12
Sampurna Gramin Rojgar Yojana has been launched from—
A
1st April, 2001
B
25th Sept., 2001
C
30th Sept., 2001
D
No scheme of such title has yet launched
Question 13
Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States ?
A
28.5%
B
29.5%
C
30.5%
D
31.5%
Question 14
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
Question 15
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
Question 16
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
Question 17
Which statement is correct for Indian Planning Commission ?
A
It is not defined in Indian Constitution
B
Members and vice-chairman of it do not have fixed working duration
C
Members do not require any minimum education
D
All of these
Question 18
Interest Rate Policy is a part of—
A
Fiscal Policy
B
Industrial Policy
C
Monetary Policy
D
None of these
Question 19
Service Tax revenue collection for 2007–08 (Budget estimates) was proposed at Rs. 50,200 crore but the revised estimates remained at—
A
Rs. 50,603 crore
B
Rs. 52,603 crore
C
Rs. 64,460 crore
D
Rs. 64,640 crore
Question 20
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
Question 21
Gross Budgetary Support (GBS) for 2008–09 as per document of 11th plan stands at Rs. 2,28,725 crore but in budget proposals for 2008–09 it has been raised to—
A
Rs. 2,23,386 crore
B
Rs. 2,43,386 crore
C
Rs. 2,63,386 crore
D
Rs. 28,456 crore
Question 22
According to 2001 census urbanrural population ratio is about—
A
35 : 65
B
32 : 68
C
28 : 72
D
25 : 75
Question 23
Mistry Committee in its final report recommends full capital account convertibility by—
A
2008 end
B
2009 end
C
2010 end
D
2011 end
Question 24
11th National Conference on e-governance was held on 7–8 February, 2008 at—
A
Gurgaon (Haryana)
B
Chandigarh
C
Mohali (Punjab)
D
Panchkula (Haryana)
Question 25
Presently (from April 29, 2003) bank rate in India is—
A
7.0%
B
6.75%
C
6.25%
D
6.0%
Question 26
Government has decided to cover all districts of the country in National Rural Employment Guarantee Programme (NREGP)—
A
Upto January 1, 2008
B
Upto March 31, 2008
C
w.e.f April 1, 2008
D
w.e.f. April 1, 2009
Question 27
Which states ranks first and last respectively in Education Development Index (EDI) prepared to track the progress of states towards providing universal elementary education ?
A
Kerala and Orissa respectively
B
Kerala and Bihar repectively
C
Andhra Pradesh and Orissa respectively
D
Karnataka and Bihar respectively
Question 28
What is the present number of member countries of European Economic Community ?
A
15
B
12
C
25
D
20
Question 29
13th Finance Commission has been constituted under the Chairmanship of—
A
Y. S. P. Thorat
B
Vijai L. Kelkar
C
T. S. Vijayan
D
Laxmi Narayan
Question 30
The base of Consumer Price Index for Industrial Workers is being shifted from 1982 to—
A
1995
B
1998
C
2000
D
2001
Question 31
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
Question 32
Which of the following has the maximum share in GSM Mobile Phone Service Market ?
A
Vodafone (earlier Hutch)
B
Airtel
C
BSNL
D
Reliance
Question 33
. Gross domestic savings as a proportion of GDP has been improving. What is the average percentage of gross domestic savings during the 10th plan ?
A
26.4%
B
31.4%
C
34.8%
D
35.2%
Question 34
The period of 10th plan in India was—
A
2000-2005
B
2001-2006
C
2002-2007
D
2003-2008
Question 35
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
Question 36
‘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
Question 37
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)
Question 38
SEBI was established in—
A
1993
B
1992
C
1988
D
1990
Question 39
The Present Service Tax rate as proposed in Union Budget 2008-09 is—
A
8%
B
9%
C
10%
D
12%
Question 40
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
Question 41
In National Mineral Policy (1993) which mineral was allowed for having investment from private sector—
A
Coal
B
Iron
C
Gold
D
Platinum
Question 42
Which of the following is a better measure of economic development ?
A
Employment
B
Size of exports
C
Rural consumption
D
National Income
Question 43
Indian State having the lowest Infant Mortality Rate is—
A
Maharashtra
B
Goa
C
Gujarat
D
Kerala
Question 44
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
Question 45
For 2006-07, agriculture growth rate has been estimated at—
A
3.8%
B
5.9%
C
0.0%
D
6.3%
Question 46
Agriculture sector registered 6% growth in 2005-06 and it is estimated for year 2007-08 at—
A
Again 6%
B
4.3%
C
3.3%
D
2.6%
Question 47
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
Question 48
The largest source of National Income in India is—
A
Service Sector
B
Agriculture
C
Industrial Sector
D
Trade Sector
Question 49
The Indian Economy will grow as per the estimates given by the Asian Development Bank (ADB) at which of the following rates in 2008 ?
A
6.7%
B
7.5%
C
8.5%
D
8%
Question 50
Which Committee recommended abolition of tax rebates under section 88 ?
A
Chelliah Committee
B
Kelkar Committee
C
Shome Committee
D
None of the above
Question 51
During 2006-07, External debt to GDP ratio in India stood at—
A
16.4%
B
17.4%
C
17.8%
D
15.8%
Question 52
Which of the following countries is not the members of European Union ?
A
Switzerland
B
Malta
C
The Czeck Republic
D
Poland
Question 53
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
Question 54
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
Question 55
NABARD is—
A
A bank
B
A board
C
A block
D
A department
Question 56
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
Question 57
The birth rate and death rate for the year 2006 have been estimated as—
A
26.2 and 8.1 per thousand respectively
B
24.8 and 8.0 per thousand respectively
C
23.8 and 7.6 per thousand respectively
D
23.5 and 7.5 per thousand respectively
Question 58
According to 2001 census the state having highest urban population is—
A
U.P.
B
Maharashtra
C
Tamil Nadu
D
Kerala
Question 59
Targeted power capacity addition for 11th plan period is—
A
41110 MW
B
66463 MW
C
68963 MW
D
86283 MW
Question 60
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
Question 61
For RIDF-XIII, allocation in Union Budget 2006-07 was—
A
Rs. 4500 crore
B
Rs. 5500 crore
C
Rs. 10000 crore
D
Rs. 12000 crore
Question 62
NABARD was established on the recommendation of—
A
Public Account Committee
B
Shivaraman Committee
C
Narsimham Committee
D
None of these
Question 63
SEBI is a—
A
Statutory body
B
Advisory body
C
Constitutional body
D
Non-statutory body
Question 64
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
Question 65
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
Question 66
According to the Economic Survey 2007–08 during the period April 3, 2007 and February 6, 2008 Indian rupee appreciated against US dollar by—
A
5.6%
B
6.8%
C
8.9%
D
9.3%
Question 67
OTCEI is—
A
Atomic Submarine of China
B
Economic policy of USA
C
An Indian Share Market
D
A defence research organisation
Question 68
MRTP is related to—
A
Monopoly and trade restrictions
B
Inflation control
C
Transport control
D
Foreign Exchange Regulations
Question 69
The New Chairman of SEBI (Securities and Exchange Board of India) is—
A
M. Damodaran
B
C. B. Bhave
C
Venugopal Dhoot
D
Sunil K. Munjal
Question 70
Ministry of HRD has announced to hike FDI limit in Education to—
A
65%
B
70%
C
75%
D
100%
Question 71
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
Question 72
Out of one Rupee expenditure, how much paise have been allotted for subsidy in 2008-09 budget proposals?
A
12 Paise
B
10 Paise
C
8 Paise
D
7 Paise
Question 73
The growth rate of construction sector for the year 2006-07 has been estimated at the level—
A
9.2%
B
8.5%
C
11.0%
D
12.0%
Question 74
International Finance Corporation (IFC) has decided to fund an Ultra Mega Power Project in Gujarat. This project belongs to—
A
Reliance Group
B
Tata Group
C
Birla Group
D
NTPC
Question 75
As per the final estimates of Ministry of Agriculture, the rice production for 2006-07 is estimated at—
A
80.11 MT
B
90.0 MT
C
93.4 MT
D
101.60 MT
Question 76
“Pure Banking, Nothing Else” is a slogan raised by—
A
ICICI Bank
B
HDFC Bank
C
SBI
D
UTI Bank
Question 77
As per Revised Estimates for 2006-07 released by CSO, the growth rate for Indian economy has been estimated to be—
A
9.0%
B
9.2%
C
9.4%
D
9.6%
Question 78
Economic Planning is in—
A
Union list
B
State list
C
Concurrent list
D
Not any specified list
Question 79
As per the report on State of Forest released on February 13, 2008, what is the percentage coverage of forest area in the total geographical area of the country ?
A
22.20%
B
21.30%
C
20.60%
D
19.90%
Question 80
The share of road transport in total transport of the country is–
A
20%
B
40%
C
60%
D
80%
Question 81
During 2006-07 which sector has shown the highest growth rate ?
A
Service Sector
B
Manufacturing Sector
C
Transport and communication
D
Agriculture Sector
Question 82
Note issuing deptt. of RBI should always possess the minimum gold stock of worth—
A
Rs. 85 crore
B
Rs. 115 crore
C
Rs. 200 crore
D
None of these
Question 83
As per the second advanced estimates of Agricultural Production for the year 2007-08 released by the Ministry of Agriculture, Kharif production has been estimated at—
A
110.52 Million Tonnes
B
112.24 Million Tonnes
C
114.42 Million Tonnes
D
115.9 Million Tonnes
Question 84
‘Smart Money’ is a term used for—
A
Internet Banking
B
Credit Card
C
Cash with Bank
D
Cash with Public
Question 85
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
Question 86
Novelis has been acquired and merged with—
A
Tata Steels
B
SAIL
C
HINDALCO
D
Jindal Steels
Question 87
Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on—
A
31 March, 1997
B
31 March, 1996
C
1 April, 1992
D
1 April, 1995
Question 88
15th SAARC Summit is scheduled to be held in July-August 2008. The changed venue of the summit is—
A
New Delhi
B
Sri Lanka
C
Maldives
D
Bangladesh
Question 89
‘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
Question 90
The newly elevated person as Joint Chairman–cum–Managing Director of National Aviation Company of India Ltd. (NACIL) is—
A
S. Sridhar
B
Viswapati Trivedi
C
Rajiv Chandrashekhar
D
Venugopal Dhoot
Question 91
The base year of present Consumer Price Index (CPI) for Urban Non-Manual Employees (CPI—UNME) is—
A
1980-81
B
1981-81
C
1982-83
D
1984-85
Question 92
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)
Question 93
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. 500 per Qt.
Question 94
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
Question 95
12th Finance Commission has recommended to merge and determine one single interest rate on various outstanding central loans to states having different interest rates. What is this recommended interest rate ?
A
7.0%
B
7.5%
C
8.0%
D
8.5%
Question 96
Which state possesses the maximum percentage of SC population ?
A
U.P.
B
M.P.
C
Kerala
D
Punjab
Question 97
Fiscal deficit as a percentage of GDP was 4•0% in 2004–05 which sliped down in 2008–09 (Budget Estimates) to—
A
3.2%
B
2.8%
C
2.5%
D
2.1%
Question 98
In Budget proposals for 2008–09, which of the following gives 24% contribution in revenue collection of union government ?
A
Income Tax
B
Excise
C
Corporation Tax
D
Non-tax Revenue
Question 99
Which company is providing mobile service with name ‘Cell one’ to the consumers ?
A
MTNL
B
BSNL
C
Reliance Infocom
D
Bharti Tele
Question 100
 Inside Trading is related to—
A
Share Market
B
Horse racing
C
Taxation
D
Public Expenditure
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