Saturday, March 17, 2012

Heads of Important Offices (World)

Ban Ki-moon : Secretary-General, United Nations Organisation.
 Ms. Asha-Rose Migiro : First Deputy Secretary-General, UN.
 Robert Zoellick : President, World Bank.
 Christine Lagarde: Managing Director, International Monetary Fund (IMF).
 Ms. Irina Bokova: Director-General-UNESCO.
 Dr. Margaret Chan: Director-General, WHO.
 Jose Graziano da Silva : Director-General, Food and Agricultural Organisation. (w.e.f. January 2012)
 Juan Somavia : Director-General, International Labour Organisation.
 Anthony Lake : Executive Director, United Nations International Children's Emergency Fund (UNICEF).
 Antonio Guterres : UN High Commissioner for Refugees.
 Helen Clark : Administrator, United Nations Development Programme.
 Dr. Supachai Panitchpakdi : Secretary-General, United Nations Conference on Trade and Development (UNCTAD).

Angel Gurria : Secretary-General, Organisation of Economic Cooperation and Development (OECD).
 Hisashi Owada: President, International Court of Justice.
 Haruhiko Kuroda: President, Asian Development Bank.
 Donald Kaberuka : President, African Development Bank.
 Jacques Rogge: President, International Olympic Committee.
 Kamalesh Sharma: Secretary-General, Commonwealth.
 Teodoro Obiang Nguema Mbasogo : Chairman, African Union Assembly.
 Jean Ping : Chairman, African Commission.
 Pascal Lamy : Director-General, WTO.
 Ms. Navanethan Pillay : High Commissioner, UN High Commission for Human Rights.
 Herman Van Rompuy : President, European Union
 Sharad Pawar: President, International Cricket Council.
 Jose Manuel Durao Barroso: President, European Commission.
 Kandeh K. Yumkella : Director-General, UNIDO.
 Abdul-Rahman bin Hamad Al-Attiyah: Secretary-General, Gulf Co-operation Council.
 Ekmeleddin Ihsanoglu : Secretary-General, Organisation of Islamic Conference.
 Abdallah Salem el-Badri: Secretary-General, Organisation of Petroleum Exporting Countries (OPEC).
 Jose Miguel Insulza Salinas: Secretary-General, Organisation of American States.
 Hifikepunye Pohamba : President, South-West African People's Organisation (SWAPO).
 Mr. Yukiya Amano : Director- General, International Atomic Energy Agency (IAEA).
 Anders Fogh Rasmussen : Secretary-General, North Atlantic Treaty Organisation (NATO).
 Hashim Abdul Halim : Chairman, Commonwealth Parliamentary Association.
 Dr. Babatunde Osotimehin : Executive Director, UNFPA.
 Dr. Surin Pitsuwan : Secretary-General, ASEAN.
 Ms. Fathimath Dhiyana Saeed : Secretary-General, SAARC
 Lamine Diack : President, International Amateur Athletic Federation (IAAF).
 Charles F. Bolden, Jr. : Chief of NASA (USA).
 Salil Shetty: Secretary-General, Amnesty International.
 Lt.-Gen.Chikadibia Obiakor: Military Adviser to UN Department of Peacekeeping Operations.
 Hosni Mubarak: Secretary-General, Non-Aligned Movement.
 Burchell Whiteman, O.J. : Director, Commonwealth of Learning.

INDIAN ECONOMY RELATED QUESTIONS

1. According to the Economic Survey, India is placed at which place in Wireless Network mobile users in the World?
a) First  
b) Second  
c) Third   
d) Fourth  
 Answer b) Second  

2. Which ministry presents the Economic Survey in the Parliament every year?
a) Railway Ministry
b) Finance Ministry
c) Foreign Affairs Ministry 
D) Home Ministry 
Answer is b) Finance Ministry

3. Which department is not under the Ministry of Home Affairs?
a) Department of official language
b) Department of boarder management
c) Department of states
d) Department of public distribution 
Answer is (d) Department of public distribution

4. What was the achieved growth rate of GDP in Ninth Five Year Plan?
a) 8.0%
b) 7.0%
c) 7.5%
d) 8.5% 
Answer is b) 7.0%

5. The Economic Survey estimated the Forex reserves of India at over 297 billion US dollars. The surge in Forex is attributed to growth in which among the following sector?
a) Export sector
b) Foreign Direct Investments
c) Agricultural output
d) Industrial Output
Aanswer is a) Export sector

6. Finance Minister Pranab Mukherjee proposed to increase the Income Tax Exemption Limit for individual tax payers from 1 lakh 60 thousand to _? 
a) 1 lakh 80 thousand
b) 1 lakh 90 thousand
c) 2 lakh 
d) 2 lakh 20 thousand
Answer is a) 1 lakh 80 thousand

7. Rashtriya Swasthya Bima Yojana was proposed to be being extended to the beneficiaries of which of the following Union Government schemes?  
a) Mahatma Gandhi NREGA beneficiaries
b) Beneficiaries of Swavlamban pension scheme
c) Indira Gandhi National old Age Pension scheme beneficiaries
d) Beneficiaries of Rajiv Gandhi Grameen Vidyutikaran Yojana 
Answer is a) Mahatma Gandhi NREGA beneficiaries

8. To enhance credit worthiness of economically weaker sections and LIG households, a Mortgage Risk Guarantee Fund was announced to be created under which of the following scheme or Yojana? 
a) Rajiv Awas Yojana
b) Rajiv Gandhi Grameen Vidyutikaran Yojana
c) Indira Awas Yojana
d) Mahatama Gandhi NREGA 
Answer is a) Rajiv Awas Yojana

9. Total receipts from service tax during 2011-12 has been estimated at—
a) Rs. 58000 crore
b) Rs. 82000 crore
c) Rs. 78000 crore
d) Rs. 88000 crore
Answer is b) Rs. 82000 crore

10. The maximum limit of Foreign Direct Investment (FDI) in public sector banking is—
a) 51%
b) 50%
c) 33%
d) 49%
Answer is d) 49%

11. By how much did the UNDP’s Human Development Index (HDI) for all countries increase on average from 1970 to 2011?
a. 17 percent
b. 24 percent
c. 33 percent
d. 41 percent
e. 52 percent
Answer is d. 41 percent

12.
By how much did the UNDP’s Human Development Index (HDI) for “high human development” countries and “low human development” countries, respectively, change on average from 1980 to 2011?
a. 8.9% decrease (low HDI countries); 2.7% decrease (high HDI countries)
b. 5.6% decrease (low HDI countries); 8.4% increase (high HDI countries)
c. 3.2% increase (low HDI countries); 12.9% increase (high HDI countries)
d. 21.1% increase (low HDI countries); 15.8% increase (high HDI countries)
e. 44.3% increase (low HDI countries); 20.7% increase (high HDI countries)
Answer is e. 44.3% increase (low HDI countries); 20.7% increase (high HDI countries)

13.
During the last 50 years from 1960 to 2010, the Green Revolution in agricultural productivity saw agricultural output increase by ___ percent, while the amount of land under cultivation changed by ___ percent.
a. 25% increase in agricultural output with a 50% increase in cultivated land
b. 50% increase in agricultural output with a 40% increase in cultivated land
c. 100% increase in agricultural output with a 30% increase in cultivated land
d. 150% increase in agricultural output with a 20% increase in cultivated land
e. 200% increase in agricultural output with a 10% increase in cultivated land
Answer is e. 200% increase in agricultural output with a 10% increase in cultivated land

14.
How many people in the world still lacked access to electricity in 2011?
a. 50 million people
b. 100 million people
c. 250 million people
d. 500 million people
e. 1.5 billion people
Answer is e. 1.5 billion people
15. By how much did the number of natural disasters per year increase on average from 1980-85 to 2005-09?
a. 35 percent (from 132 to 178 per year)
b. 60 percent (from 132 to 211 per year)
c. 85 percent (from 132 to 244 per year)
d. 125 percent (from 132 to 297 per year)
e. 170 percent (from 132 to 357 per year)
Answer is e. 170 percent (from 132 to 357 per year)

16. On average, a resident of a very high human development country accounts for how many times more carbon dioxide emissions than the average person living in a low human development country?
a. 2 times more emissions
b. 5 times more emissions
c. 10 times more emissions
d. 20 times more emissions
e. 30 times more emissions
Answer is e. 30 times more emissions

17.
What are the respective per capita carbon emissions of Norway and the United Arab Emirates (UAE)?
a. 5 tons (Norway) and 10 tons (UAE)
b. 10 tons (Norway) and 30 tons (UAE)
c. 15 tons each
d. 20 tons (Norway) and 5 tons (UAE)
Answer is b. 10 tons (Norway) and 30 tons (UAE)

18.
By roughly how much does the global annual fish catch of 145 million tons exceed the maximum annual sustainable catch?
a. 10 to 50 percent (14.5 to 72.5 million tons of fish)
b. 20 to 60 percent (29 to 87 million tons of fish)
c. 30 to 70 percent (43.5 to 101.5 million tons of fish)
d. 40 to 80 percent (58 to 116 million tons of fish)
e. 50 to 90 percent (72.5 to 130.5 million tons of fish)
Answer is d. 40 to 80 percent (58 to 116 million tons of fish)

19.
What percent of reduced timber harvest (deforestation) does the European Union transfer to developing countries?
a. 25 percent
b. 40 percent
c. 55 percent
d. 75 percent
e. 90 percent
Answer is d. 75 percent

20. Which Nobel Prize-winning economist argued in 1993 that sustainability involved the duty of the current generation to endow future generations with “whatever it takes to achieve a standard of living at least as good as our own and to look after their next generation similarly?”
a. Gary Becker
b. Daniel Kahneman
c. Simon Kuznets
d. Amartya Sen
e. Robert Solow
Answer is e. Robert Solow

21. When was the 1st Rail Budget announced?
a) November 1947
b) October 1966
c) February 1956
d) March 1977
Answer is a) November 1947

22) The Railway Budget was separated from the Central Budget in the year—
a) 1920
b) 1921
c) 1922
d) 1923
Answer is b) 1921

23) What is the year 2011-12 called by the Railway minister Mamata Banerjee?
a) Year of Green Energy
b) Year of the Golden era
c) Year of the century
Answer is a) Year of Green Energy

24)
What is the name given to the new rail line between Delhi-Mumbai started early 2012?
a) Golden Rail Corridor
b) Shatabdi Express
c) Garbha Express
d) Sampark Kranti Express
Answer is a) Golden Rail Corridor
25) Name the device which is approved by railways in rail budget to avoid collision of trains?
a) Anti Collision Device
b) Anti Ballistic Device
c) Anti Combining Device
d) Anti Power Device 
Answer is a) Anti Collision Device

26) What is the name given to the special trains to promote tourism?
a) Janam Bhoomi Gaurav
b) Duranto Express
c) Swarna Shatabdi
Answer is a) Janam Bhoomi Gaurav

27) What is the name of the multi-purpose smart card which would be introduced on pilot basis which can be used in booking counters, vending machines, internet etc?
a) Win-India
b) Go-India
c) Fly-India
Answer is b) Go-India

Friday, March 16, 2012

Sachin reaches landmark century

 
Iconic Indian batsman Sachin Tendulkar on March 16 scripted history by becoming the first cricketer in the world to score 100 international centuries, a phenomenal feat which may remain unconquered for years to come.
It was the end of a long wait for the 38—year—old veteran, who had gone 33 innings and a year without a century. The right—hander made his 99th international ton in a World Cup match against South Africa in Nagpur on March 12.
Since then it had been an agonising wait for the maestro, whose every inning was watched with anticipation. He came close on quite a few occassions, only to miss the milestone so much so that it became a huge monkey on his back and an unwanted distraction during every series that India played.
He did not click with a big scores during India’s Test and ODI whitewash at the hands of England last year, and though he recovered quite a bit in the later series, the hundred still did not come.
He carried the weight of expectation to what turned out to be a horror tour of Australia. Tendulkar seemed to be in good touch during the Tests, but his form waned after he missed the 100th hundred despite coming close a few times.
Following this, he made himself available for the ODI tri—series against Sri Lanka and Australia, but there too, the milestone proved elusive.
But the wait finally ended in familiar sub—continental environs.
With an over two decade long career, records are fairly routine for Tendulkar, but for the cricketing fraternity, every run he scores just adds to the legend that the diminutive right—hander has become.
Much before his debut on November 15, 1989, Tendulkar’s precocious talent was there to be seen when he shared an unbeaten 664—run stand with friend Vinod Kambli in the Lord Harris Shield Inter—School Game in 1988.
The 1989 international debut was far less spectacular, in fact forgettable. A Waqar Younis bouncer left him with a bleeding nose but Tendulkar did not wince and the next two decades saw him punishing bowlers all over the world on all kinds of surfaces.
His first Test century came in England next year at Old Trafford and the Mumbaikar rose in stature after the 1991—92 tour of Australia, hitting sublime centuries on a Sydney turner and a Perth minefield.
The rest is history. No existing batting record seemed safe. Other than Brian Lara’s Test match highest of 400 not out and first class highest score of 501 not out, every batting record became Tendulkar’s.
A staggering 15470 runs scored in 188 Tests at a robust average of 55.44 confirmed Tendulkar’s greatness in the longer version of the game.
And in the 462 ODIs he played, a whopping 18,260 (before the Asia Cup match against Bangladesh) were added to his mountain of runs at an average of 44.64.
Tendulkar is also the first batsman in the world who has scored a double ton in ODIs, a feat he achieved in Gwalior against South Africa in February. This feat was included in ’Time’ magazine’s top 10 sports moments of the year.
A perfect teamman, Tendulkar has limited his Twenty20 ambition to the Indian Premier League where he leads Mumbai Indians, ruling himself out of national reckoning lest it upsets the existing equilibrium of the side.
The biggest compliment to his batting came from Sir Donald Bradman himself in 1999 when he said that Tendulkar’s style of playing resembled his style. “That touch I used to feel when I batted,” he had said.
Tendulkar’s colossal batting exploits have completely overshadowed his utility as a part—time bowler who reveled in breakthroughs.
He was a complete enigma with the ball, sending down military medium pace, orthodox leg—break and off—spin with the guiles that often caught batsmen off their guard.
His 45 Test wickets and 154 scalps in ODIs underline the fact that Tendulkar could have also staked claim to be that elusive all—rounder that India has been desperately looking for since the legendary Kapil Dev. But shoulder problems have not allowed him to bowl as much as he and the team would have liked.
In the field, he is among the safest pair of hands in the slip and his flat throw releasing strong arm saw him manning the deep with equal aplomb. He has taken 113 catches in Test cricket and 140 in the ODIs.

Following is the sequence of Sachin Tendulkar’s 100 international hundreds since his debut against Pakistan back in December, 1989.
1) 119 no vs England at Old Trafford on Aug 14, ‘90
2) 148 no India vs Australia at SCG on Jan 6,’92
3) 114 vs Australia at WACA, Perth on Feb 3, ‘92
4) 111 vs SA at Wanderers, Johannesburg on Nov 28, ‘92
5) 165 vs England at Chepauk, Chennai on Feb 12, ‘93
6) 104 no vs Sri Lanka at SSC, Colombo on Jul 31,’93
7) 142 vs SL at KDSB Stadium, Lucknow on Jan 19,’94
8) 110 vs Australia, at RPS, Colombo, on Sep 9, ‘94
9) 115 vs New Zealand at IPCL, Vadodara on Oct 28, ‘94
10) 105 vs West Indies at SMS, Jaipur on Nov 11, ‘94
11) 179 vs West Indies at VCA Ground, Nagpur on Dec 2,’94
12) 112 no vs Sri Lanka at Sharjah on Apr 9, ‘95
13) 127 no vs Kenya at Barabati, Cuttack on Feb 18, ‘96
14) 137 vs Sri Lanka at Kotla, New Delhi on Mar 2, ‘96
15) 100 vs Pakistan at Padang, Singapore, on Apr 5, ‘96
16) 118 vs Pakistan at Sharjah on Apr 15, ‘96
17) 122 vs England at Edgbaston, Birmingham, on Jun 8, ‘96
18) 177 vs England at Nottingham on Jul 5, ‘96
19) 110 vs Sri Lanka at RPS Colombo, on August 28, ‘96
20) 114 vs SA at Wankhede Stadium, Mumbai on Dec 14, ‘96
21) 169 vs SA at Newlands, Cape Town on Jan 4, ‘97
22) 104 vs Zimbabwe at Benoni on Feb 9, ‘97
23) 117 vs NZ at Chinnaswamy, Bangalore, on May 14, ‘97
24) 143 vs Sri Lanka at RPS, Colombo, on Aug 3, ‘97
25) 139 vs Sri Lanka at SSC, Colombo, on Aug 11, ‘97
26) 148 vs SL at Wankhede Stadium, Mumbai on Dec 4, ‘97
27) 155 No vs Australia at Chepauk, Chennai, on Mar 9, ‘98
28) 177 vs Aus at Chinnaswamy, Bangalore on March 26, ‘98
29) 100 vs Australia at Green Park, Kanpur, on Apr 7, ‘98
30) 143 vs Australia at Sharjah on Apr 22, ‘98
31) 134 vs Australia, Sharjah, on April 24, ‘98
32) 100 no vs Kenya, Eden Gardens, May 31, ‘98
33) 128 vs Sri Lanka at RPS, Colombo, on Jul 7, ‘98
34) 127 vs Zimbabwe at Bulawayo on Sep 26, ‘98
35) 141 vs Australia in Bangladesh on Oct 28, ‘98
36) 118 no vs Zimbabwe at Sharjah, on Nov 8, ‘98
37) 124 vs Zimbabwe at Sharjah on Nov 13, ‘98
38) 113 vs New Zealand at Wellington, on Dec 29, ‘98
39) 136 vs Pakistan at Chepauk, Chennai on Jan 31, ‘99
40) 124 no vs Sri Lanka at SSC, Colombo, on Feb 28, ‘99
41) 140 vs Kenya at Bristol, on May 23, ‘99
42) 120 vs Sri Lanka in Colombo, on Aug 29, ‘99
43) 126 no vs New Zealand at PCA, Mohali, on Oct 13, ‘99
44) 217 vs NZ at Motera, Ahmedabad, on Oct 30, ‘99
45) 186 vs New Zealand at Hyderabad on Nov 8, ‘99
46) 116 vs Australia at MCG on Dec 28, ‘99
47) 122 vs South Africa at Vadodara on Mar 17, ‘00
48) 101 vs Sri Lanka, Sharjah, Oct 20,’00
49) 122 vs Zimbabwe at Kotla, New Delhi, on Nov 21, ‘00
50) 201 no vs Zimbabwe at VCA, Nagpur, on Nov 26, ‘00
51) 146 vs Zimbabwe at Jodhpur, on Dec 8, ‘00
52) 126 vs Australia at Chepauk, Chennai on Mar 20, ‘01
53) 139 vs Australia at Indore on Mar 31, ‘01
54) 122 vs West Indies at Harare on Jul 4, ‘01
55) 101 vs SA at Wanderers, Johannesburg on Oct 5, ‘01
56) 146 vs Kenya at Paarl, South Africa, on Oct 24, ‘01
57) 155 vs SA at Goodyear Park, Bloemfontein, Nov 3, ‘01
58) 103 vs England at Motera, Ahmedabad, on Dec 13, ‘01
59) 176 vs Zimbabwe at VCA, Nagpur, on Feb 24, ‘02
60) 117 vs WI at QP Oval, Port of Spain, on Apr 20, ‘02
61) 105 vs England at Chester—Le—Street on Jul 4, ‘02
62) 113 vs Sri Lanka, Bristol, England, on Jul 11, ‘02
63) 193 vs England at Headingley, Leeds, on Aug 23, ‘02
64) 176 vs WI at Eden Gardens, Kolkata on Nov 3, ‘02
65) 152 vs Namibia, Pietermaritzburg, SA, on Feb 23, ‘03
66) 100 vs Australia, Gwalior, on Oct 26,’03
67) 102 vs New Zealand in Hyderabad on Nov 15, ‘03
68) 241 no vs Australia at SCG on Jan 4, ‘04
69) 141 vs Pakistan in Rawalpindi, on Mar 16, ‘04
70) 194 no vs Pakistan at Multan, on Mar 29, ‘04
71) 248 no vs Bangladesh in Dhaka, on Dec 12, ‘04
72) 123 vs Pakistan at Ahmedabad on Apr 12, ‘05
73) 109 vs Sri Lanka at Kotla, New Delhi, on Dec 22, ‘05
74) 100 vs Pakistan at Peshawar, on February 6, ‘06
75) 141 no vs WI at Kuala Lumpur, on Sept 14, ‘06
76) 100 no vs WI at Vadodara, on Jan 31, ‘07
77) 101 vs Bangladesh in Chittagong on May 19, ‘07
78) 122 no vs Bangladesh in Mirpur on May 26, ‘07
79) 154 no vs Australia at SCG, on Jan 4, ‘08
80) 153 vs Australia at Adelaide Oval, on Jan 25, ‘08
81) 117 no vs Australia at SCG on Mar 2, ‘08
82) 109 vs Australia at Nagpur, on Nov 6, ‘08
83) 103 no vs England at Chepauk, Chennai, on Dec 15, ‘08
84) 163 vs New Zealand at Christchurch, on Mar 8, ‘09
85) 160 vs New Zealand at Seddon Park, on March 20, ‘09
86) 138 vs Sri Lanka at RPS, Colombo, on Sep 14, ‘09
87) 175 vs Australia at Hyderabad on Nov 5, ‘09
88) 100 no vs Sri Lanka at Ahmedabad, on Nov 20, ‘09
89) 105 no vs Bangladesh at Chittagong, on Jan 18, ‘10
90) 143 vs Bangladesh at Mirpur, on Jan 25, ‘10
91) 100 vs South Africa at Nagpur, on Feb 9, ‘10
92) 106 vs South Africa at Kolkata, on Feb 15, ‘10
93) 200 no vs South Africa at Gwalior, on Feb 24, ‘10
94) 203 vs Sri Lanka at Colombo, on Jul 28, ‘10
95) 214 vs Australia at Bangalore, on Oct 11, ‘10
96) 111 no vs South Africa at Cape Town, on Dec 19, ‘10
97) 146 vs South Africa at Cape Town, on Jan 4, ‘11
98) 120 vs England at Bangalore, on Feb 27, ‘11
99) 111 vs South Africa at Nagpur, on March 12, ‘11
100) 114 vs Bangaldesh at Mirpur, On March 16, ‘12

Economic Survey of India 2011-12: Highlights

The economic survey 2011-12 was presented in the parliament by the Finance Minister Pranab Mukharjee on 14 March 2012. According to the economic survey 2011-12 the Indian GDP pegged at 6.9% in the fiscal year 2010-11. Figure for the agriculture, services and industry sector stood at 2.5%, 9.4% and 4-5% respectively. The survey, which is presented annually by the Ministry of Finance, of government of India, maintained that the Indian economy despite global slowdown remained exuberant and was among the fastest growing economies of the world.

Given below are the highlights of economic survey 2011-12

•    Growth Rate is estimated to be 6.9%. Outlook for growth and stability is promising as the real GDP growth expected to pick up to 7.6% in 2012-13 and 8.6% in 2013-14.
•    At 2.5 %, Agri sector performed well. Services sector grew by 9.4 %, its share in GDP grew up to 59%.
•    Industrial sector growth stood at 4-5 %
•    Inflation on WPI which was on a upward trajectory in the initial part of the year witnessed a sharp slow down by the year-end.
•    WPI food inflation dropped from 20.2% in February 2010 to 1.6% in January 2012. The low inflation rate is likely to improve promote investment
•    India remains among the fastest growing economies of the world. Country’s sovereign credit rating rose by a substantial 2.98 percent in 2007-12.
•    Fiscal consolidation on track - savings & capital formation expected to rise.
  • Exports grew 40.5% in the first half of this fiscal and imports grew by 30.4%.
  • The trade deficit stood at 8% of the GDP. 
  • Forex reserves enhanced - covering nearly the entire external debt stock
•    Central spending on social services goes up to 18.5% this fiscal from 13.4% in 2006-07.
•    MNREGA coverage increases to 5.49 crore households in 2010-11.
•    Sustainable development and climate change concerns on high priority.

Union Railway Budget 2012-13: Analysis

The Union Railway Budget 2012-13 was presented in the Lok Sabha on 14 March 2012 by Union Railway Minister Dinesh Trivedi. While preparing the budget he drew heavily from the recommendations of Kakodkar committee on railway safety and Pitroda committee on modernization of infrastructure. Based on the recommendations of the two committees, Trivedi zeroed on five focus areas: Track; Bridges; Signaling & Telecommunication; Rolling Stock; Stations & freight Terminals. The emphasis on the focus areas would eventually lead to strengthening of the basic infrastructure of Indian Railways resulting in safety, decongestion, capacity augmentation and modernization of system, creating more efficient, faster and safer railways.

Summarising the Budget

Dinesh Trivedi took oath as Minister of Railways on 12 July 2011 immediately after the unfortunate rail accident at Fatehpur Malwa near Kanpur on 10 July, 2011. The Union Railway Budget 2012-13 was thus designed with special emphasis on Railway Safety. He seized the opportunity to announce that commitment made in 2001 to reduce accidents per million train km from 0.55 to 0.17 has been achieved.

Considering the overall parameters set out in Vision 2020 document, the budget stated that a huge sum of Rs 14 lakh crore is required in the next ten years. The total union budget outlay for 2012-13 stood at Rs 60100 crore.

Informing that 40% of the consequential train accidents, involving 60% to 70% of the total casualties occur at unmanned level crossings, he decided to set up a Special Purpose Vehicle (SPV) named Rail-Road Grade Separation Corporation of India with an objective to fast track elimination of level crossings in the next five years.

The decision to set up a committee to examine the current standards of safety on Indian Railways and to suggest suitable benchmarks and safety protocols were also announced.

By way of initiating a long term approach to safety and in line with recommendations of the Committee, I propose to set up an independent Railway Safety Authority as a statutory regulatory body. The functions of the Authority are to be chalked out in line with international practices.

In tune with the recommendations of the Expert Group for Modernisation of Indian Railways which suggested following of a ‘Mission Mode' approach, the budget announced the formation of Missions headed by Mission Directors in each of the identified areas for a three year term. Also, a High Level Committee is to be set up to facilitate coordination amongst the Missions, fast-track implementation, and address bottlenecks.

Union Railway Budget adopted a Multi-pronged Approach

The Union Railway Budget proposed a multi-pronged approach with an objective to build a new, safe and modern, passenger and freight transportation system which would contribute at least 2 to 2.5% to the GDP of the nation as against less than 1% at present. Multi-pronged approach focused on: Safety; Consoliation; Decongestion & Capacity Augmentation; Modernization; To bring down the Operating Ratio from 95% to 84.9% in 2012-13 and to 74% in the terminal year of 12th Plan

Areas of Focus

The Union Railway Budget 2012-13 announced a number of new passenger services keeping in view the needs and aspirations of the people. 75 new Express trains, 21 Passenger trains, 8 new MEMU services and 9 DEMU services were proposed. Also it was proposed to extend the run of 40 trains and increase the frequency of 23 trains.

The fares were raised in the budget. The fares were raised 2 paise per km for suburban and ordinary second class. Fares for mail express second class was raised by only 3 paise per km; for sleeper class by only 5 paise per km; for AC Chair Car, AC 3 tier & First Class by only 10 paise per km; AC 2 Tier by only 15 paise per km; and AC I by only 30 paise per km. Corresponding rationalisation in minimum distance and fare chargeable in various classes was also proposed.

It was also decided to incorporate a rounding off mechanism in the fare structure to address the problem passengers face at the ticket windows because of non-availability of loose change.

Investment proposed by Railways


The 12th Plan investment proposed by Railways at Rs 7.35 lakh crore up from the investment during XI Plan of Rs 1.92 lakh crore. The required resources for the plan are proposed to be met by:-

i. Gross Budgetary Support of `2.5 lakh crore;
ii. Government support for national projects of `30,000 crore;
iii. Ploughing back of dividend of `20,000 crore
iv. Internal Resources of `1,99,805 crore
v. Extra Budgetary Resources of `2,18,775 crore
vi. Railway Safety Fund of `16,842 crore.

The budget put forth a demand for additional funding assistance of about Rs 5 lakh crore under the Pradhan Mantri Rail Vikas Yojana from the government

The Wide-angle View

The Union Railway Budget proposed a progressive shift to flash butt technology for welding of rails, progressive use of 60 kg rails instead of 52 kg, provision of thick web switches at points & crossings, mechanised maintenance with the latest track machines and increased frequency of ultrasonic testing of tracks.

Plan to modernize nearly 19000 km track through renewals, upgradation of track, replacement and strengthening of 11,250 bridges to run heavier freight trains of 25 tonne axle load and to achieve passenger train speeds of 160 kmph and over was proposed in the budget. The estimated expenditure of Rs 63212 crore was proposed for the same.

Signalling system on Indian Railways will be modernized with the provisioning of advanced technological features. Panel/Route Relay Interlocking covering 700 more stations by 2014 was proposed as a part of the modernization of the signaling system. Provisioning of Train Protection & Warning System (TPWS), which ensures automatic application of brakes whenever a driver over-shoots a signal at danger, thereby eliminating chances of collision of trains was also proposed.

The total cost of various signalling and telecom works was estimated to be Rs 39,110 crore in the next 5 years. The railway budget proposed to provide Rs 200211 crore in 2012-13, which is more than double the allocation of the current year and the highest ever.

Upgradation of coaches including EMU coaches, locomotives and wagons was noted to be one of the key areas of modernization during the next 5 years for improving safety and convenience & comfort of passengers. The highest ever allocation of Rs 18,193 crore was proposed for the 12th five year plan for the purpose of upgradation.

In the areas of Stations and Freight Terminals, Trivedi proposed to set up a separate organisation namely Indian Railway Station Development Corporation, which will redevelop the stations and maintain them on the pattern of airports.

Creation of Logistics Corporation for development and management of existing railway goods sheds and multimodal logistics parks

Proposal to undertake surveys and feasibility studies for developing coaching terminals at Nemam and Kottayam in Kerala, Mau in Uttar Pradesh and Dankuni in West Bengal during 2012-13, besides undertaking a pre-feasibility study for development of Roypuram station in Tamil Nadu was stated in the Union Railway budget 2012-13.

The Union Railway budget 2012-13 proposed to allocate about Rs 4410 crore to capacity augmentation works.

To recognize the efforts of the dedicated railway workforce the budget suggested benefits in the form of improvements at work places, better housing facilities, improved service at hospitals and other facilities. Accordingly, allocation of Rs 717 crore in the current year has been almost doubled to Rs 1388 crore in 2012-13.

The Union railway proposed to electrify 6500 route kilometers during the 12th Plan period. This would include electrification of Udhampur-Srinagar-Baramulla line and hence provide pollution free traction to the pristine Kashmir Valley. An allocation of Rs 828 crore has been provided in 2012-13. Propulsion System for use in high power electric locomotive was proposed to be introduced.

Union railway Minister proposed to raise the allocation under passenger amenities from Rs 762 crore in 2011-12 to Rs 1102 crore in 2012-13. A slew of passenger and other user friendly measures were proposed during 2012-13. To facilitate easy movement of passengers, installation of 321 escalators at important stations of which 50 will be commissioned during 2012-13 were proposed. He also proposed integration of the RPF Helpline with the All India Passenger Helpline to facilitate much faster response to the security needs of passengers.

Initiative to start manufacturing especially designed coaches having earmarked compartments and toilets adapted to the needs of wheel chair borne/differently-abled person was a prime focus of the Union Railway Budget. The Union budget proposed to set up a factory at Shyamnagar in West Bengal on PPP basis for manufacture of next generation technology and also proposed to utilize and augment the electric loco Ancillaries Unit of CLW being set up at Dankuni for fabrication of locomotive shells. Several measures were initiated/ proposed to promote clean environment.

On the occasion of the 175th Birth Anniversary of Rishi Bankim Chandra Chattopadhyay, propose setting up of a Coaching Terminal to be named after him at Naihati. Also it was decided that a special train would run across the country to disseminate his legacy to the young generation. Institution of a Rail Khel Ratna Award was also proposed to honour 10 sports-persons every year, based on their current performance. The awardees would be provided world class training to hone their skills further.

Wednesday, March 14, 2012

Railway Budget 2012-13 at a Glance


The Railway Budget presented by Minister of Railways  Dinesh Trivedi in Parliament on March 14 seeks to raise investment in modernization and upgradation of rail infrastructure. It gives very high priority to rail safety and security. Passenger fares have been increased marginally.  Presenting the Railway Budget 2012-13 in Parliament on March 14, Trivedi proposed a Budget with highest ever plan outlay of Rs. 60,100 crore which provides Rs. 6,872 crore for new railway lines and significant funds for passengers safety, security and amenities.    
In this Budget, the Railway Minister has focused on five important fields, which are: Safety; Consolidation; Decongestion & Capacity Augmentation; Modernization; and to bring down the Operating Ratio from 95% to 84.9% in 2012-13.    
The marginal increase in passenger fares is as follows:   
By 2 paise per km for suburban and  ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class; 15 paise per km for AC 2 tier and 30 paise per km for AC I.  The fares will be rounded off to the next nearest five rupees and the minimum fares and platform tickets will  cost Rs. 5.   
In the Railway Budget, the Minister has proposed 75 new Express trains, 21 new passenger services, 9 DEMU services and 8 MEMU services. Shri Trivedi also announced the extension of the 39 trains; increase in the frequency of 23 trains; 75 additional services to run in Mumbai suburban; 44 new suburban services to be introduced in Kolkata area; 50 new services to be introduced in Kolkata Metro; and 18 additional services to be run in Chennai area.   
The Railway Budget for 2012-13 also provides for 50% concession in fare in AC-2, AC-3, Chair Car & Sleeper classes to patients suffering from ‘Aplastic Anaemia’ and ‘Sickle Cell Anaemia’. It also provides for extending the facility of travel by Rajdhani and Shatabdi trains to Arjuna Awardees. The travel distance under ‘Izzat Scheme’ has also been increasd from 100 kms to 150 kms.   
Proposing highest ever plan outlay for the Railway Budget, the Railway Minister said that it will be financed through Gross Budgetary Support (GBS) of Rs 24,000 crore; Railway Safety Fund of Rs 2,000 crore; internal resources  of Rs 18,050 crore; and Extra Budgetary Resources of Rs 16,050 crore, which includes market borrowing of Rs 15,000  crore through IRFC.   

The Railway Budget provides for 725 km new lines; 700 km doubling; 800 km gauge conversion and 1,100 km electrification. Rs 6,872 crore have been provided for new lines; Rs 3,393 crore for doubling; Rs 1,950 crore for gauge conversation and Rs 828 crore have been provided for electrification.   
The Railway Budget 2012-13 lays emphasis on safety and security of the passengers. Shri Dinesh Trivedi said that drawing from the recommendations of the  Anil Kakodkar and Sam Pitroda Committees, he has chosen five focus areas. These are: Track; Bridges; Signalling & Telecommunication; Rolling Stock; and Stations & Freight Terminals. Under this a Railway Safety Authority has been proposed as  statutory regulatory body; Missions will be created  to implement the modernization programme; and setting up of a Railway Tariff Regulatory Authority is to be considered. Two new Board Members (Safety/Research and PPP/Marketing) are to be inducted.  Shri Trivedi also announced the setting up of a Rail-Road Grade Separation Corporation to eliminate level crossings. Three ‘Safety Villages’ will also be set up at Bengaluru, Kharagpur and Lucknow for skill development for disaster management. The Railway Minister also announced that an Indian Railway Station Development Corporation will be set up to redevelop stations through PPP mode. He also announced that a Logistics Corporation will be set up for development & management of existing railway goods sheds and multi-modal logistics parks. A National High Speed Rail Authority is also to be set-up.   
Highlighting the efforts being made to improve the amenities and to provide better experience to the passengers at stations the Railway Minister said that 929 stations will be upgraded as Adarsh Stations including 84 stations proposed in 2012-13.  Specially designed coaches for differently-abled persons will be provided in each Mail/Express trains. RPF helpline will be integrated with the All India Passenger Helpline. SMS on passenger mobile phone in case of e-ticket will be accepted as proof of valid reservation. Satellite based real time train information system (SIMRAN) will be introduced to provide train running information to passengers through SMS, internet, etc. On board passenger displays indicating next halt station and expected arrival time will be introduced. 321 escalators will be installed at important stations of which 50 will be commissioned in 2012-13. Regional cuisine will be introduced at affordable rates.
 
The Railway Minister also announced  launching of Book-a-meal scheme to provide multiple choice of meals through SMS or email. Coin/currency operated ticket vending machines will be introduced during 2012-13. Rail Bandhu on-board magazines will be distributed on Rajdhanis, Shatabdis and Duronto trains. The Railway Budget 2012-13 also proposes setting up of AC Executive lounges at important stations.   
The Railway Minister announced that pre-feasibility studies on six high speed corridors have already been completed and study on Delhi-Jaipur-Ajmer-Jodhpur will be taken up in 2012-13.   
Announcing the measures for the welfare of railway employees, the Minister proposed a wellness programme for railway staff at their work places; ensuring proper rest for skilled and technical staff including the running crew; and institution of ‘Rail Khel Ratna’ Award for 10 rail sports-persons every year.   
Caring for the environment, the Railway Minister announced the introduction of a ‘Green Train’ to run through the pristine forests of North Bengal; 200 remote railway stations will be set up as ‘green energy stations’ powered entirely by solar energy; solar lighting system will be provided at 1,000 manned level crossing gates;  2,500 coaches will be equipped with bio toilets. Shri Dinesh Trivedi also announced setting up of 72 MW capacity windmill plants in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and West Bengal.   
The Minister said that during 2011-12 the railways recruited over 80,000 persons to fill up various vacancies; now he proposes to recruit over one lakh persons during 2012-13 so that backlog of SC/ST/OBC and other categories will be wiped off.   
The Minister announced that freight loading during 2012-13 is expected to be 1,025 MT which will be 55 MT more than 2011-12. The passenger growth during the year is pegged at 5.4%. 

Highlights of Railway Budget 2012-13

• Passenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class; 15 paise per km for AC 2 tier and 30 paise per km for AC I.

• Minimum fare and platform tickets to cost Rs. 5.

• 50% concession in fare in AC-2, AC-3, Chair Car & Sleeper classes to patients suffering from ‘Aplastic Anaemia’ and ‘Sickle Cell Anaemia’.

• Extending the facility of travel by Rajdhani and Shatabdi trains to Arjuna Awardees.

• Travel distance under ‘Izzat Scheme’ to increase from 100 kms to 150 kms.

• SMS on passenger mobile phone in case of e-ticket to be accepted as proof of valid reservation.

• Introduction of satellite based real time train information system (SIMRAN) to provide train running information to passengers through SMS, internet, etc.

• On board passenger displays indicating next halt station and expected arrival time to be introduced.

• Installation of 321 escalators at important stations of which 50 will be commissioned in 2012-13.

• Introduction of regional cuisine at affordable rates; launching of Book-a-meal scheme to provide multiple choice of meals through SMS or email.

• Introduction of coin/currency operated ticket vending machines.

• Upgradation of 929 stations as Adarsh Stations including 84 stations proposed in 2012-13; 490 stations have been completed so far.

• Specially designed coaches for differently-abled persons to be provided in each Mail/Express trains.

• Introduction of Rail Bandhu on-board magazines on Rajdhanis, Shatabdis and Duronto trains.

• Setting up of AC Executive lounges at important stations

• 75 new Express trains to be introduced.

• 21 new passenger services, 9 DEMU services and 8 MEMU services to be introduced.

• Run of 39 trains to be extended.

• Frequency of 23 trains to be increased.

• 75 additional services to run in Mumbai suburban; 44 new suburban services to be introduced in Kolkata area, 50 new services to be introduced in Kolkata Metro; 18 additional services in Chennai area.

• 725 km new lines, 700 km doubling, 800 km gauge conversion and 1,100 km electrification targeted in 2012-13.

• Rs 6,872 cr provided for new lines, Rs 3,393 cr for doubling, Rs 1,950 cr for gauge conversation, Rs 828 cr for electrification

• Highest ever plan outlay of Rs. 60,100 cr

• Rae Bareli coach factory manufactured 10 coaches in 2011-12; phase-II of the factory would be commissioned in 2012-13.

• A wagon factory to be set up at Sitapali (Ganjam District of Odisha)

• A rail coach factory with the support of Government of Kerala to be set up at Palakkad; two additional new manufacturing units for coaches to be established in the Kutch area in Gujarat and at Kolar in Karnataka with active participation of the State Governments.

• Setting up of a factory at Shyamnagar in West Bengal to manufacture next generation technology propulsion system for use in high power electric locomotives.

• Creating Missions as recommended by Pitroda Committee to implement the modernization programme.

• Setting up of Railway Tariff Regulatory Authority to be considered.

• New Board Members for Safety/Research and PPP/Marketing to be inducted.

• Rail-Road Grade Separation Corporation to be set up to eliminate level crossings.

• Indian Railway Station Development Corporation to be set up to redevelop stations through PPP mode.

• Logistics Corporation to be set up for development & management of existing railway goods sheds and multi-modal logistics parks.

• National High Speed Rail Authority to be set-up.

• Pre-feasibility studies on six high speed corridors already completed; study on Delhi-Jaipur-Ajmer-Jodhpur to be taken up in 2012-13.

• Introduction of a ‘Green Train’ to run through the pristine forests of North Bengal.

• Setting up of 200 remote railway stations as ‘green energy stations’ powered entirely by solar energy.

• Providing solar lighting system at 1,000 manned level crossing gates.

• 2,500 coaches to be equipped with bio toilets.

• Setting up of 72 MW capacity windmill plants in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and West Bengal.

• Installation of Integrated Security System at all 202 identified stations to be completed in 2012-13.

• Escorting of trains by RPF/GRP extended to 3,500 trains.

• Integration of RPF helpline with the All India Passenger Helpline.

• Setting up of a Railway Safety Authority as a statutory regulatory body as recommended by Kakodkar Committee

• . Three ‘Safety Villages’ to be set up at Bengaluru, Kharagpur and Lucknow for skill development for disaster management.

• Over one lakh persons to be recruited in 2012-13 – backlog of SC/ST/OBC and other categories to be wiped off.

• Introduction of a wellness programme for railway staff at their work places.

• Ensuring proper rest for skilled and technical staff including the running crew.

• Institution of ‘Rail Khel Ratna’ Award for 10 rail sports-persons every year.

• New coaching terminal at Naihati, the birth place of Rishi Bankim Chandra Chattopadhyay commemorating him on 175th Birth Anniversary.

• .Project to connect Agartala with Akhaura in Bangladesh to be taken up in 2012-13.

• Freight loading of 1,025 MT targeted; 55 MT more than 2011-12

• Passenger growth targeted at 5.4 %.
 

Railway Safety Authority to be Set up
The Ministry of Railways proposes to set up an independent Railway Safety Authority as a statutory regulatory body as recommended by Kakodkar Committee. This was announced by the Minister of Railways Shri Dinesh Trivedi. Introducing the Railway Budget for 2012-13 in Parliament today, he said, the function of the authority would be worked out in greater details in line with international practices in the best interest of passenger safety. The Minister said since research and development activities are central to any tangible results in the area of safety enhancement, he also proposed to set up a Railway Research and Development Council at the apex level to spearhead such efforts. Shri Trivedi said, his entire emphasis is going to be on strengthening Safety.

Admitting that he is not at all satisfied with the safety standard at the present moment, the Minister said the commitment made in 2001 to reduce accidents per million train km from 0.55 to 0.17 has been achieved. He said, however the target should be zero death. The Minister said that more than 40% of the consequential train accidents, involving 60% to 70% of the total casualties occur at unmanned railway crossings. To fast track elimination of level crossings in the next five years, the railways have decided to set up a Special Purpose Vehicle (SPV) named Rail-Road Grade Separation Corporation of India.

Shri Trivedi said, in order to achieve even higher safety standards, he has decided to set up a committee to examine the current standards of safety on Indian Railways and to suggest suitable benchmarks and safety protocols. He said, considering the zero tolerance approach in the areas of nuclear science and aerospace, he feels that the best people to guide railways in determining appropriate safety protocols should be from these two fields.

The Minister also announced that a New Board Member (Safety/Research) to be inducted in the Railway Board.

He said, three ‘Safety Villages’ to be set up at Bengaluru, Kharagpur and Lucknow for skill development for disaster management.
 

New Passenger Amenities  
The allocation under passenger amenities in this year’s Railway Budget has been raised to Rs. 1102 crore. The allocation under this head in 2011-12 was Rs. 762 crore. Some of the important passenger and other user friendly measures introduced or being proposed during 2012-13 are:

i. To facilitate easy movement of passengers, installation of 321 escalators at important stations of which 50 will be commissioned during 2012-13;

ii. SMS on passenger mobile phone in case of e-ticket along with an ID proof to be accepted as proof of valid reservation;

iii. To meet the needs of changing times and customer demand, launching of “Book-a-meal” scheme to provide multiple choice of meals, like low cost meal, diabetic meal etc. through SMS or email;

iv. To set up AC Executive lounges at important stations to provide value added services at a charge, offering facilities such as wifi internet, buffet services, wash and change, concierge services for pre-departure and post-arrival assistance to passengers;

v. Expansion of housekeeping schemes for trains such as Clean Train Station, On Board Housekeeping Services for cleaning en route and mechanized cleaning at originating/terminating stations;

vi. Introduction of ‘Rail Bandhu’ on-board magazine on Rajdhanis, Shatabdis and Duronto Trains;

vii. Introduction of coin/currency operated ticket vending machines as a pilot project;

viii. Introduction of alternate Train accommodation System (ATAS) as a pilot project to accommodate waitlisted passenger on alternate trains;

ix. Introduction of first model rake with world class interiors;

x. Upgradation of 929 stations as Adarsh Stations including 84 stations proposed in 2012-13;

xi. Construction of Multi-functional Complexes at 24 locations completed;

xii. Sale of PRS tickets (reserved tickets) through 151 post offices and

xiii. Implementation of electronic transmission of Railway Receipts for freight traffic direct to the customers.
 

CURRENT AFFAIRS PRACTICE QUESTIONS

1. The World’s Youngest MCP and CCNA, who has exceptionally highest IQ in the world ?
Vishalini
11 year old Indian girl Vishalini, Born in Thirunelveli, a small city of Tamil Nadu.

2. Name the Pakistani cricketer who was released from jail because of good behaviour after serving half of his 6 month sentence.
Mohammad Aamer

3. Which author’s autobiography release was cancelled at the Kolkata Book Fair?
Taslima Nasreen

4. Name the luxury watch collection launched by Seiko Watch India at a price range of Rs.1-5 lakh per piece.
Ananta

5. What value of overseas inflow was injected into Indian markets in January 2012?
Rs.26,000 crore (US$5.08 billion)

6. Which guidelines have SEBI notified allowing companies to reduce promoter shareholding through private placement?
Institutional Placement Programme (IPP)

7. Which company will acquire full control of UTV Software and Communications Ltd.?
US-based Walt Disney

8. What is the value of IPO filed by Facebook?
$5 billion

9. Expand SAR.
Specific Absorption Rate

10. Who was awarded ‘Pride of India’ award by the Indian-American community in Washington?
Mallikarjun Kharge

11. Name the book launched by Sonu Nigam authored by Priya Kumar.
The Perfect World

12. Which Italian luxury brand is looking to bring its high-end homeware and furnishings retail stores to India?
Giorgio Armani

13. Which country announced 3-day national mourning following violence at a football stadium in Port Said?
Egypt

14. Who is World’s shortest man ?
72-year-old Chandra Bahadur Dangi of Nepal 
    
15. Which bollywood actor was honoured with a Green Globe award for outstanding effort to fight climate change?
Abhishek Bachchan

16. Name the singer who has been appointed as anti-tobacco campaign ambassador.
Playback Singer Shann

17. Name the car model unveiled by Sahara Force India.
VJM05

18. What award was conferred to Amul company in the manufacturing category recently?
Green Globe Foundation award

19. Who have been selected for the Bharat Vikas Rathna award by the All India Business Development Association, New Delhi?
C Basavegowda, President, Mysore and Chamarajanagar District Co-operative Central Bank Ltd.

20. Who will be the only Indian driver in the Formula One for 2012 season after signing to continue with Hispania Racing (HRT)?
Narain Karthikeyan

21. Name the British energy minister who resigned recently.
Chris Huhne

22. Name the car launched by Ferrari for 2012 F1 season?
F2012

23. Name the CEO of Micron Technology who died in a plane crash and who has been appointed as CEO?
Steve Appleton and Mark Durcan

24. In which country have UN declared end of famine?
Somalia

25. Which social networking site turned 8 recently?
Facebook

26. Who has been appointed as Executive Director of Corporation Bank?
Amar Lal

27. Who won the World Squash Federation under-21 world cup?
Egypt against India 2-1

28. Which 3-day youth festival is back after a gap of 7 years in Jaipur?
Ghoomar

29. Who won the Champions Trophy women’s hockey tournament for the 5th time?
Argentina

30.Name the Romanian Prime Minister who quit recently.
Emil Boc

31. Name the Managing Director and CEO of Dhanlaxmi Bank who quit recently.
Amitabh Chaturvedi

32. Name the Mumbai-based historian who passed away recently.
Sharada Dwivedi

31. Name the science communicator who passed away recently.
R.D.Sharma

32. In which currency is India set to pay for 45% of Iran oil imports?
Rupee

33. Name the Maldives President who was appointed after Mohamed Nasheed quit.
Mohammad Waheed Hassan

34. Who has been appointed as Chief executive operations for China’s Walmart?
Greg Foran

35. Name the novelist whose 200th birthday ceremony was observed led by Prince Charles.
Chalres Dickens

36. Which company renewed sponsorship deal with Indian hockey team?
Sahara

37. Which singer is launching her own social networking website exclusively for her fans?
Lady Gaga

38. Name the book featuring the problems of NRI’s living in Gulf countries released by Mohammed Ali Shabbir and written by Mohammed Saifuddin.
Expat Ride

39. India-born biologist who bags world’s 1st major international award?
Kamal Bawa  
     
40. Which country released world’s highest resolution lunar images taken by its 2nd moon orbiter, Chang’e-2?
China

41. What percentage of the world’s mangrove vegetation does India account for?
3%

42. Which place in Tamil Nadu is all set to get 4th Science Park?
Coimbatore

43. Name the Indian American orthodontist who was honoured with ‘Hind Rattan Award’.
Dr.Gagan Balla

44. What sum of amount is National Housing Bank set to receive from World Bank which would help in its refinancing programme?
$300 million(Rs.1,500 crore)

45. Name the newly elected President of Federation of Indian Chambers of Commerce and Industry (FICCI)?
R.V.Kanoria

46. Which cricket batting legend is been inducted into ICC Hall of Fame?
Sunil Gavaskar

47. Name the commission setup in accordance with Section 74 of the Meghalaya Police Act.
Police Accountability Commission

48. What sum of amount has Bank of England set to pump into economy?
50 billion pounds

49. Name the electronics retailer bought by Flipkart for $25 million.
Letsbuy

50. When is Windows 8 set to be released by Microsoft?
February 29th 2012

51. Veteran Bollywood writer-filmmaker who died recently ?
O.P. Dutta 
       
52. Which company will stop making digital cameras, pocket video cameras and digital picture frames?
Eastman Kodak Co. (Kodak)

53. Name the German’s 1997 Tour de France winner who received 2-year ban for a blood doping offence.
Jan Ullrich

54. Who was honoured with Lata Mangehkar award by the Madhya Pradesh government recently?
Rajesh Roshan

55. Name the site launched by an Italian computer science professor who hopes it will be a challenge to the US technology giant Google.
Volunia (www.volunia.com)

56. Which bank is set to launch India’s first Infrastructure Debt Fund (IDF)?
IDBI bank

57. Where is the wax sculpture of Novak Djokovic revealed?
Central Serbian town of Jagodina

58. Who has been appointed as non-executive chairman for India operations by Vodafone?
Analjit Singh

59. Name the bollywood writer-filmmaker who passed away recently.
O.P.Dutta

60. Why zebras have black and white stripes (recently solved mystery)?
To keep blood-sucking files away

61. Which economist is named for US Humanities medal?
Amartya Sen     
 
62. Who is the first Indian defence minister to visit Saudi Arabia?
A.K.Antony

63. Name the former secretary-general of Basketball Federation of India who passed away recently.
Harish Sharma

64. Name the US-based pop music queen who died recently.
Whitney Houston

65. Who won the women’s doubles event at the Pattaya Open 2012?
Sania Mirza and Anastasia Rodionova

66. Who has been elected as Deputy Chief of Indian Army?
Lt.Gen.Ramesh Halgali

67. Who was honoured with a posthumous Grammy award for his contributions to the music industry in area other than performance?
Steve Jobs

68. What percentage is the planned road tax for vehicles across India?
6%

69. Who has been appointed as the Managing Director for India and SAARC operations by McAfee?
Jagdish Mahapatra

70. Who will replace Eric Simons as Indian cricket bowling coach?
Australian, Joe Dawes

71. Who took over as president of Institute of Chartered Accountants of India for the year 2012-13?
Jaydeep Shah

72. Name the renowned Urdu poet who passed away after battling lung cancer recently.
Akhlaq Mohammad Khan

73. Name the Karnataka Higher Education Minister who passed away in Bangalore recently.
V.S.Acharya

74. Who was honoured with Serbia’s highest honour, the Karadjordje Star medal?
Novak Djokovic

75. At what value has Bank of Japan set to expand its asset purchase programme?
10tn yen($130 billion)

76. Where in India 9-day 20th World Book Fair is held?
New Delhi      

77. Where does India’s forex reserves stand for the week ended 17th February 2012?
$293.44 billion

78. Name the cricketer who was honoured with lifetime membership of the Sydney Cricket Ground.
Sachin Tendulkar

79. Which country has been ranked as the world’s richest country in the list compiled by US magazine Forbes?
Qatar

80. Which country did India beat to qualify for London Olympics men’s hockey 2012?
France

81. Which west Asian country approved for new constitution recently?
Syria

82. Which model of Nokia phone has been built with 41-megapixel sensor camera?
Nokia 808 Pureview camera phone

83. Name the chief appointed for Pakistan Air Force.
Air Marshal Tahir Rafiq Butt

84. Which company signed a long-term agreement to supply 250 MW power to Bangladesh Power Development Board?
NTPC

85. What value of second bailout pacakge did German parliament pass for Greece to help the country avoid a default?
130 billion euros ($174.4 billion)

86. Name the digital music store launched by flipkart.com.
Flyte

87. Where in India was the inaugural World Series Hockey tournament held?
Chandigarh

88. Which company bagged Airtel’s network deal for Maharashtra?
Nokia Siemens

89. Who has been appointed as chairman of MindTree?
Subroto Bagchi

90. Name the online property search portal launched by HDFC in Kolkata
HDFC Red

United India Insurence Company Ltd. A.A.O. Exam., 2011 Solved Paper

General and Financial Awareness 
(Exam Held on 27-03-2011)

1. Which of the following is a General Insurance Company functioning in India ?
(A) Life Insurance Corporation of India
(B) ICICI Prudential
(C) Tata AIG
(D) United India Insurance Company
(E) All are General Insurance Companies
Ans : (D)
2. Who amongst the following is the Regulator of Insurance sector in India ?
(A) RBI
(B) AMFI
(C) IRDA
(D) SEBI
(E) All of these
Ans : (C)
3. Which of the following terms is NOT used in insurance sector ?
(A) Indemnity
(B) Coverage
(C) Misuse Alert
(D) Casualty
(E) Annuity
Ans : (C)

4. Which of the following Public Sector companies/organizations provides insurance cover to exporters ?
(A) ECGC
(B) NABARD
(C) SIDBI
(D) IRDA
(E) None of these
Ans : (A)
5. The main feature of the National Agricultural Insurance Scheme is to insure which of the following?
(A) Life of the farmer
(B) Crop of the farmer
(C) Animals who are used in agricultural activities
(D) Land of the farmer
(E) Both Land and family of the farmer
Ans : (B)
6. In which one of the following States was the first UID card issued ?
(A) Gujarat
(B) Manipur
(C) Assam
(D) West Bengal
(E) Maharashtra
Ans : (E)
7. Which of the following books is written by Anita Desai ?
(A) Magic Seeds
(B) The Village by the Sea
(C) A Bend in the River
(D) My God Died Young
(E) None of these
Ans : (B)
8. Expand the term MGNREGA—
(A) Mahatma Gandhi National Rural Employment Guarantee Act
(B) Mahatma Gandhi National Rural Employment Guarantee Agency
(C) Mahatma Gandhi National Rural Employment Generation Act
(D) Mahatma Gandhi National Rural Employment Generation Agency
(E) None of these
Ans : (A)
9. Which of the following terms is used in the field of finance and banking?
(A) Elasticity
(B) Inflation
(C) Pulse Rate
(D) Hot waves
(E) Plasma
Ans : (B)
10. With which one of the following sports, Saina Nehwal is associated ?
(A) Chess
(B) Badminton
(C) Long Jump
(D) Lawn Tennis
(E) Table Tennis
Ans : (B)
11. Which one of the following States has passed a bill to regulate the interest rates on micro-finance ?
(A) Odisha
(B) Haryana
(C) Karnataka
(D) Kerala
(E) Andhra Pradesh
Ans : (E)
12. Which of the following rates are reviewed by the RBI at the time of periodical review of the policy ?
(a) Bank Rate
(b) Repo Rate
(c) Savings Bank Rate
(A) Only (a)
(B) Only (b)
(C) Both (a) and (b)
(D) All (a), (b) and (c)
(E) Only (c)
Ans : (D)
13. Which one of the following is not included in TAPI gas project ?
(A) Turkmenistan
(B) Pakistan
(C) Afghanistan
(D) India
(E) Iran
Ans : (E)
14. Which one of the following States has passed a legislation to confiscate the property of corrupt officials and to open schools in these properties ?
(A) West Bengal
(B) Jharkhand
(C) Bihar
(D) Rajasthan
(E) Haryana
Ans : (C)
15. Brihadeeswara Temple has recently celebrated its millennium birthday. In which of the following States is it located ?
(A) Karnataka
(B) Andhra Pradesh
(C) Kerala
(D) Odisha
(E) Tamil Nadu
Ans : (E)
16. In which one of the following States, Jaitapur Nuclear Power plant is proposed to be set up ?
(A) Gujarat
(B) Haryana
(C) Odisha
(D) Karnataka
(E) Maharashtra
Ans : (E)
17. According to Planning Commission, in how many years shall the per capita income in India become double ?
(A) Nine
(B) Five
(C) Seven
(D) Three
(E) None of these
Ans : (A)
18. Expand the term IFRS.
(A) Indian Financial Reporting Standards
(B) Indian Financial Reporting Systems
(C) International Financial Reporting Standards
(D) International Financial Reporting Systems
(E) None of these
Ans : (C)
19. Who is Liu Xiaobo ?
(A) North Korean dissident, who has been awarded Nobel peace prize
(B) Chinese citizen, who has been awarded Nobel peace prize
(C) North Korean dissident, who has been awarded Nobel literature prize
(D) Sportsman who was awarded maximum 8 Gold medals in Commonwealth
(E) None of these
Ans : (B)
20. Who is Hardeep Puri ?
(A) India’s permanent representative at UN
(B) Vice President, IMF
(C) Vice President, World Bank
(D) India’s ambassador in USA
(E) India’s ambassador in UK
Ans : (A)
21. With which one of the following games is Ishant Sharma associated ?
(A) Chess
(B) Badminton
(C) Table Tennis
(D) Volley Ball
(E) Cricket
Ans : (E)
22. With which one of the following games, France’s Zinedine Zidane is associated ?
(A) Hockey
(B) Football
(C) Snooker
(D) Volley Ball
(E) Base Ball
Ans : (B)
23. As per recent newspaper reports, which one of the following countries was second largest importer of goods and services in the world during year 2009-10 ?
(A) China
(B) USA
(C) Japan
(D) Russia
(E) India
Ans : (E)
24. According to RBI governor, which one of the following is the challenge in its monetary policy ?
(A) Inflation
(B) Inflation and Supportive recovery
(C) Inflation and fiscal deficit
(D) Inflation and high cost of imports
(E) None of these
Ans : (C)
25. Which one of the following Public Sector Organisations has offered largest ever equity offer ?
(A) SAIL
(B) Coal India
(C) Power Grid
(D) Shipping Corporation of India
(E) None of these
Ans : (B)
26. Through which one of the following sources domestic funds are raised by Companies ?
(a) IPO only
(b) FPO only
(c) Commercial papers
(A) Only (a) and (b)
(B) All (a), (b) and (c)
(C) Only (a) and (c)
(D) Only (a)
(E) Only (c)
Ans : (C)
27. Which one of the following was the reason owing to which Govt. want Reserve Bank of India to tighten prudential norms for NBFCs ?
(A) To reduce liquidity in the market
(B) It is as per Basel II requirements
(C) It is as per Bank for International Settlement (BIS) directives
(D) It is to protect NBFCs from any impact of possible economic slowdown
(E) None of these
Ans : (D)
28. In the financial year 2009-10, which one of the following Banks has made highest Total dividend Payout ?
(A) SBI
(B) PNB
(C) Bank of India
(D) Canara Bank
(E) None of these
Ans : (E)
29. In respect of which one of the following countries, India has proposed non payments for import of crude oil ?
(A) Iran
(B) Iraq
(C) Kuwait
(D) Sudan
(E) U.A.E.
Ans : (A)
30. Through which one of the following methods, RBI has allowed Indian companies to hedge exchange rate risks associated with trade transactions ?
(A) Forwards
(B) FRA
(C) Swaps
(D) Currency options
(E) Cross currency options
Ans : (D)
31. Which of the following books is written by V. S. Naipaul ?
(A) A Handful of Dust
(B) A House for Mr. Biswas
(C) A Passage to India
(D) Darkness at Noon
(E) None of these
Ans : (B)
32. With which one of the following countries, India has signed agreement to build Multi Model Transit Transport Project ?
(A) Bangladesh
(B) Myanmar
(C) Sri Lanka
(D) Nepal
(E) Maldives
Ans : (B)
33. Which one of the following countries is Number One Country in terms of Purchasing Power ?
(A) USA
(B) Germany
(C) China
(D) South Korea
(E) None of these
Ans : (A)
34. Which one of the following directions has been given by Government to Civic bodies ?
(A) They must use 70 per cent of the funds for BPL families
(B) They must use 70 per cent of the funds for the poor living within their jurisdiction
(C) They must use 25 per cent of the funds for BPL families
(D) They must use 25 per cent of the funds for the poor living within their jurisdiction
(E) None of these
Ans : (B)
35. On which one of the following issues a group of business leaders and other eminent citizens have expressed concern ?
(A) E-Governance
(B) Governance
(C) Fiscal deficit
(D) Governance deficit
(E) None of these
Ans : (B)
36. ‘Yuan’ is the currency of which one of the following countries ?
(A) Japan
(B) South Korea
(C) North Korea
(D) Taiwan
(E) China
Ans : (E)
37. Which one of the following is a leading power in 17 nation Euro Region ?
(A) Germany
(B) France
(C) Norway
(D) Greece
(E) Portugal
Ans : (A)
38. What are teaser loan rates charged by banks ?
(A) Fixed rate of interest charged by banks
(B) Floating rate of interest charged by banks
(C) Rate of interest in the initial period is less and goes up subsequently
(D) Rate of interest in the initial period is more and it goes down subsequently
(E) None of these
Ans : (C)
39. Expand the term FSDC which is used in financial sectors ?
(A) Financial Security and Development Council
(B) Financial Stability and Development Council
(C) Fiscal Security and Development Council
(D) Fiscal Stability and Development Council
(E) None of these
Ans : (B)
40. According to the 8th Annual Global Retail Development Index (GRDI), which one of the following countries is ‘most attractive’ retail market in the world ?
(A) China
(B) India
(C) UAE
(D) Saudi Arabia
(E) Japan
Ans : (B)
41. Govt.’s ‘Food-for-work’ programme means—
(A) to pay in kind to work and build rural infrastructure
(B) supplying balanced diet to workers in rural areas
(C) no-work-no-pay principle
(D) ensuring enough food to rural worker-households
(E) None of these
Ans : (E)
42. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What
is it called ?
(A) Instalment
(B) Contribution
(C) Premium
(D) EMI
(E) Service Charge
Ans : (A)
43. Which of the following is/are the various types of insurance ?
(a) Life Insurance
(b) Health Insurance
(c) Liability Insurance
(A) Only (a)
(B) Only (b)
(C) Only (c)
(D) All (a), (b) and (c)
(E) Only (a) and (b)
Ans : (D)
44. What is the full form of ‘ESOPs’ as seen in financial newspapers ?
(A) Employee Stock Ownership Plan
(B) Executive Salary Options
(C) Emergency Stock Operations
(D) Early Sales Opportunities
(E) Executive Stock Ownership
Ans : (A)
45. Who are considered Super Senior Citizen as per budget 2011-12 ? Those who have completed a minimum age of—
(A) 65 years
(B) 70 years
(C) 75 years
(D) 80 years
(E) 90 years
Ans : (D)
46. Pohang Steel Company (POSCO) is a company originally based in—
(A) China
(B) Vietnam
(C) USA
(D) Italy
(E) South Korea
Ans : (E)
47. As per the revised data released by the Central Statistical Organisation, the GDP growth in 2010 has been at which of the following levels ?
(A) 6%
(B) 6•5%
(C) 8%
(D) 7•5%
(E) None of these
Ans : (C)
48. Who amongst the following was awarded Padma Vibhushan recently (2011) ?
(A) Kumar Mangalam Birla
(B) Harbhajan Singh
(C) Nirupama Rao
(D) Montek Singh Ahluwalia
(E) Saina Nehwal
Ans : (D)
49. Annual meeting of World Economic Forum was organized in January 2011 in which of the following cities ?
(A) Davos
(B) Milan
(C) Tokyo
(D) London
(E) Lisbon
Ans : (A)
50. India recently signed a deal on the sharing of Teesta and Feni river waters. This agreement is signed with which of the following countries ?
(A) Nepal
(B) China
(C) Pakistan
(D) Bangladesh
(E) Bhutan
Ans : (D)

BPSC GENERAL STUDIES SOLVED PAPER

General Studies

1. The proper system for education is:
(a) The present examination-system
(b) The examination-system with books
(c) Semester system
(d) Objective question paper
Ans. (c)
2. Hypothesis can not be stated in:
(a) Null and question form terms
(b) Declarative terms
(c) General terms.
(d) Directional terms
Ans. (c)
3. Satellite communication works through:
(a) Radar
(b) Transponder
(c) Receptor
(d) Transmitter
Ans. (b)
4. Computer can:
(a) Process both quantitative and qualitative information
(b) Store huge information
(c) Process information and fast accurately
(d) All of the above
Ans. (d)
5. Informal communication network with in the organization is known as:
(a) Grape vine communication
(b) Interpersonal communication
(c) Mass communication
(d) Interpersonal communication
Ans. (a)
6. Linear programming models solve problems dealing with:
(a) Relatives and absolutes
(b) Routes and mixes
(c) Dispersions and similarities
(d) Rupees and percentages
Ans. (b)
7. Hierarchy has been described as the Scalar process by:
(a) L. D. White
(b) P. H. Appleby
(c) Mooney and Reilley
(d) Gullick and Urwick
Ans. (d)
8. Henry Fayol supports the:
(a) Humanistic approach
(b) Mechanistic approach
(c) Organic approach
(d) Scientific approach
Ans. (b)
9. The main focus of Human Relations theory is on:
(a) Formal organization
(b) Informal organization
(c) Individual
(d) Participatory decision making
Ans. (c)
10. Environment is synonymous with:
(a) Task
(b) Relations
(c) People
(d) Situational variables
Ans. (d)
11. An organization principle based upon divisions of Labour is called:
(a) Line organization
(b) Functional organization
(c) Informal organization
(d) None of the above
Ans. (b)
12. In the organization, authority flows in a vertical line:
(a) From the top downward
(b) From the bottom upward
(c) Both ways downward and upward
(d) None of these
Ans. (a)
13. Match the following:
A. Advisory function 1. Staff executives
B. Manpower development 2. Directing
C. Guiding function 3. Line executives
D. Managerial authority 4. Staffing
Codes:
A B C D
(a) 1 4 3 2
(b) 1 3 4 2
(c) 2 3 4 1
(d) 2 1 3 4
Ans. (b)
14. Dorwin Cartwright and Alvin Zander identified the following two variables:
(i) Employee-oriented
(ii) Production-oriented
(iii) Goal-oriented
(iv) Group -oriented
The correct code is:
(a) (i) and (U)
(b) (ii) and (iii)
(c) (iii) and (iv)
(d) (i) and (iv)
Ans. (c)
15. Quantitative techniques used to solve business problems are called:
(a) operations management
(b) operation science
(c) operation research
(d) management operation
Ans. (c)
16. Assertion (A): A tenet of scientific management is co-operation and harmony between workers and managers.
Reason (R): Taylor believed in participative management.
In the context of the above two statements which one of the following is correct?
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false
(d) A is false but R is true.
Ans. (c)
17. Assertion (A): According to Taylor, one of the best way of doing each task leads to increase in productivity in organization.
Reason (R): It was the management’s responsibility alone to find out this one of the best way.
Codes:
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (b)
18. Which of the following creates time utility?
(a) Farmer
(b) Carpenter
(c) Trader
(d) Driver
Ans. (c)
19. Match the following:
A. Responsiveness of demand to change in price 1. Income elasticity of demand
B. Responsiveness of demand to change in tastes 2. Price elasticity of demand
C. Responsiveness of demand to change in income 3. Cross elasticity of demand
D. Responsiveness of demand to change in price 4. Taste elasticity of demand
of related goods.
Codes:
A B C D
(a) 1 2 3 4
(b) 4 3 1 2
(c) 3 4 2 1
(d) 2 4 1 3
Ans. (d)
20. Assertion (A): The theory and hypotheses of Argyris suggest no relationship between personal development of the individual and the organizational situation.
Reason (R): The principles and characteristics of a formal organization, in the opinion of Argyris, are incongruent to the needs of adult human beings.
Codes:
(a) A and R are true and R is the correct explanation of A.
(b) A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (d)
21. Management by objectives is implemented in an organization by stages, one such stage action planning, includes:
I. Assigning responsibilities for achieving objectives
II. Choosing strategies appropriate to the objectives
III. Allocating resources for achieving objectives
IV. Scheduling specific activities to achieve maximum resource utilization
Identify from th following combinations the correct sequence in which the action planning stages are implemented
(a) I, II, III, IV
(b) II, III, IV, I
(c) III, IV, I, II
(d) II, I, III, IV
Ans. (d)
22. What is BIS?
(a) Business Information System
(b) Business of Industrial Sale
(c) Bureau of Indian Standard
(d) None of the above
Ans. (c)
23. Match List-I (Activity) with List-Il (Associated organization) and select the correct answer by using the codes given below the lists:
List-I List-II
A. Mutual fund 1. Stock exchange
B. Public issue of capital 2. Assets management company
C. Forward trading 3. Merchant banking
D. Option pricing 4. Forex market
Codes:
A B C D
(a) 3 2 4 1
(b) 3 2 1 4
(c) 2 3 1 4
(d) 2 3 4 1
Ans. (d)
24. Which of the following are the methods of market new issues of securities?
I. Listing of securities
II. Jobbers and brokers
III. Private placement of securities
IV. Privileged subscriptions
Select the correct answer using the codes given below.
Codes:
(a) I and II
(b) II and III
(c) III and IV
(d) I, II, III, and IV
Ans. (c)
25. SEBI was established in:
(a) 1993
(b) 1992
(c) 1988
(d) 1990
Ans. (c)
26. Increase in net RBI credit for central government represents:
(a) Budgetary Deficit
(b) Revenue Deficit
(c) Fiscal Deficit
(d) Monetized Deficit
Ans. (d)
27. The famous book “The Philosophy of Management” was written by:
(a) Henry Fayol
(b) Oliver Scheldon
(c) F. W. Taylor
(d) Urwick
Ans. (b)
28. Arrange the following ingredients of communication process in the proper order:
1. Message
2. Receiver
3. Encoder
4. Channel
5. Decoder
(a) 1, 3, 2, 5, 4
(b) 1, 3, 4, 2, 5
(c) 3, 1, 4, 5, 2
(d) 3, 1, 2, 4, 5
Ans. (c)
29. Marginal Revenue will be negative if the demand is:
(a) Relatively elastic
(b) Unitary elastic
(c) Relatively inelastic
(d) Perfectly elastic
Ans. (c)
30. Price control; is one of the monopoly regulations which is most advantageous for:
(a) The producer
(b) The consumer
(c) The government
(d) The seller
Ans. (b)
31. Which one of the following is considered as the first principle of organization?
(a) Delegation
(b) Co-ordination
(c) Unity of command
(d) Supervision
Ans. (b)
32. Find the odd one out:
(a) Human relations theory
(b) Informal functioning
(c) Humanistic theory
(d) Structural theory
Ans. (d)
33. The real aim of production is:
(a) To create material goods
(b) To eliminate poverty
(c) To satisfy people’s wants
(d) To provide basic necessities.
Ans. (c)
34. At the point of inflexion, the marginal utility is:
(a) Increasing
(c) Maximum
(b) Decreasing
(d) Negative
Ans. (c)
35. “Production” may be defined as an act of:
(a) Creating utility
(b) Earning profit
(c) Destroying utility
(d) Providing services
Ans. (a)
36. The Scientific Management stressed upon:
1. Rationality
2. Specialization
3. Technical Competence
4. Predictability
Select the correct code:
(a) 1 and 2
(b) 1, 2 and 3
(c) 2, 3 and 4
(d) l, 2, 3 and 4
Ans. (d)
37. Arrange the Maslow’s Need Hierarchy in the descending order:
1. Social
2. Self-Actualization
3. Physiological
4. Ego
5. Security
(a) 3, 5, 1, 4, 2
(b) 3, 5, 1, 2, 4
(c) 2, 4, 1, 3, 5
(d) 2, 4, 1, 5, 3
Ans. (d)
38. According to which theory, leadership is multi dimensional?
(a) Behavioural Theory
(b) Situational Theory
(c) Trait Theory
(d) None of the above
Ans. (b)
39. Which of the following according to Hertzberg are not the motivators?
1. Responsibility
2. Recognition
3. Interpersonal relations
4. Work itself
Ans. (c)
40. The practice of placing a candidate at the right job is:
(a) Selection
(b) Placement
(c) Interview
(d) None of these
Ans. (a)
41. Selection process in any organization is usually proceeded by the preparation of:
(a) Human resources audit
(b) Operations audit
(c) Human resources inventory
(d) Human resources accounting
Ans. (c)
42. A written statement of the main duties and responsibilities which a particular job entails is called:
(a) Job analysis
(b) Job specification
(c) Job description
(d) Job evaluation
Ans. (c)
43. Partnership is a form of business organization in which business debts can be recovered from:
(a) The managing partners
(b) MI the managers and partners
(c) The firm and the managers
(d) The firm and all the partners
Ans. (d)
44. The main objective of Stock Exchange is to:
(a) Provide facilities for speculation
(b) Safeguard the interest of investors
(c) Help in the capital formation in the country
(d) Provide a ready market for securities
Ans. (b)
45. Contango charge is paid by a:
(a) Bull speculator to bear speculator
(b) Bear speculator to bull speculator
(c) Lame duck to bull speculator
(d) Bull to lane duck speculator
Ans. (a)
46. MRTP Act came into force in:
(a) 1969
(b) 1970
(c) 1971
(d) 1980
47. Dumping is an example of:
(a) Monopolistic practice in international trade
(b) Monopoly in international trade
(c) Oligopoly in international trade
(d) Perfect competition in international trade
Ans. (a)
48. A critical activity is defined as one whose:
(a) Total float is zero
(b) Free float is zero
(c) Duration is the longest
(d) None of the above
Ans. (a)
49.‘t’ Distribution was discovered by:
(a) Karl Pearson
(b) Fisher
(c) Laplace
(d) Gosset
Ans. (d)
50. Scheduled bank is that bank which is:
(a) Nationalized
(b) Not nationalized
(c) Bared at foreign country
(d) Include in the second schedule of RBI
Ans. (d)