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UPSC Solved Sample Question Paper (Financial and General Awareness)

1. When did Regional Rural Banks start functioning in India?
Ans.1975

2. Who was the Chairman of the Sixth Central Pay Commission?
Ans.Justice B. N. Srikrishna

3. The 11th Five Year Plan is termed as plan for.
Ans.India’s Education

4. Which of the following correctly describes what sub-prime lending is?
(1) Lending to the people with less than ideal credit status.
(2) Lending to the people who are high value customers of the banks.
(3) Lending to those who are not a regular customer
Ans.Only 1

5. The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden. In financial sector this type of phenomenon is known as:
Ans.Probability risk


6. Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank?
(1) It does not accept deposits.
(2) It has a limited cash disbursement capacity.
(3) Lack of human interface.
Ans.All

7. The World Development Report 2009 is released by which of the following Organisations?
Ans.World Bank

8. Which of the following statements is/are TRUE about the Lehman Brothers Holdings Inc. which was in news sometimes back?
(1) The US government provided a US$ 7000 million bailout package to the company.
(2) The company filed for bankruptcy in a court in New York.
(3) The company is now out of financial crisis and is busy in its restructuring so that it can start afresh.
Ans.Only (2)

9. The Reserve Bank of India has recently issued guidelines to banks on Pillar 2 of Basel II framework. Pillar 2 deals with which of the following?
(1) Better human resource management
(2) Adequate capital to support risks
(3) Better profitability with minimum number of employees
Ans.None of these

10.The World Investment Report 2008 was released in September 20This report is published every year by:
Ans.United Nations Conference on Trade and Development (UNCTAD)

11. As we all know some new initiatives were introduced in the area of Fiscal Management by the government of India. Which of the following acts was passed a few years back to keep a check on the fiscal indiscipline on macroeconomic parameters?
Ans.FRBMA

12. Which of the following has the sole right of issuing paper notes in India?
Ans.Reserve Bank of India

13. Decision taken at Bretton Woods Conference led to the formation of
Ans.IMF

14. Which of the following is known as plastic money?
Ans.credit cards

15. Euro is the currency of European Union. When did it come into being?
Ans.1999

16. Which is the largest commercial bank in India?
Ans.State Bank of India

17. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Ans.Imperial Bank of India

18.In India, income tax is levied by
Ans.Union Government

19. The Reserve Bank of India was nationalized in?
Ans.1948

20. What is a Bank which has capital and reserves of over Rs. 5 lakhs called?
Ans.Scheduled Bank