GENERAL AWARENESS Questions for IIFT-2010

(Paper - Ι)
Directions for questions 1 to 30: Select the correct alternative from the given choices.

1. In India, the tax proceeds of which one of the following, as a percentage of gross tax revenue, has
significantly declined in the last five years?
(1) Corporation (2) Excise duty (3) Personal Income Tax (4) Service tax

2. With reference to India, consider the following:

(a) Nationalization of Banks
(b) Formation of Regional Rural Banks
(c) Adoption of villages by Bank branches
Which of the above can be considered as steps taken to achieve “Financial Inclusion” in India?
(1) a and b only (2) b and c only (3) c only (4) All of the above

3. Match the following List – x with y:

List - x List - y
(UNO year) (Observed as)
(1) 2000 (A) International year of Micro Credit.
(2) 2001 (B) International year of Rice.
(3) 2002 (C) International year of Freshwater.
(4) 2003 (D) International year of Eco-tourism.
(5) 2004 (E) International year of Volunteers.
(6) 2005 (F) World Mathematical Year.

(1) 1 – A, 2 – B, 3 – C, 4 – D, 5 – E, 6 – F. (2) 1 – C, 2 – B, 3 – A, 4 – F, 5 – E, 6 – D.
(3) 1 – F, 2 – E, 3 – D, 4 – C, 5 – B, 6 – A. (4) 1 – F, 2 – E, 3 – D, 4 – A, 5 – B, 6 – C.

4.

City Location Importance

(1) A (A) Iran (a) World’s biggest oil refinery.
(2) Aberdeen (B) B (b) Industrial city, Seaport famous as the Granite city.
(3) Barranacas (C) C (c) World’s first urban settlement to be exclusively powered by solar energy.
(4) Istanbul (D) D (d) Seaport, formerly called Constantinople.
(5) E (E) China (e) Nuclear test site in China.
(6) F (F) Indonesia (f) First summit conference of Afro – Asian Countries.

Which combination of alternatives provides the correct answer?

(1) A - Abadan, B - England, C - Spain, D - Turkey, E - Lop Nor, F - Bandung.
(2) A - Marshad, B - England, C - Italy, D - Iraq, E - Shangai, F - Jakarta.
(3) A - Abadan, B - USA, C - Spain, D - Iran, E - Lop Nor, F - Bandung.
(4) A - Basra, B - Canada, C - France, D - Turkey, E - Tainanmen square, F - Bali.

5. Home for three of India’s ancient hill communities - the Khasis, Jaintia and Garo’s is
(1) Arunachal Pradesh (2) Sikkim (3) Meghalaya (4) Tripura

6. India spends an estimated ______ % of GDP on infrastructure

(1) 1% (2) 4% (3) 2% (4) 3%

7. Which of the following was formerly known as Formosa?

(1) Japan (2) Taiwan (3) China (4) South Korea

8. The Sujen mega power project at Kamrej is located in

(1) Maharashtra (2) Gujarat (3) Madhya Pradesh (4) Chhattisgarh
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9. Match the following List X, Y with Z

Meeting / summit Held on Held at

S.no
(List - X) (List - Y) (List - Z)
(1) Eighth Pravasi Bhartiya Divas. (A) June 26, 2010. (a) New Delhi
(2) ASEAN +3 Foreign Ministers Meet. (B) June 25th & 26th, 2010 (b) Hanoi, Vietnam.
(3) G-8 Industrialised nations conference. (C) July 21, 2010 (c) Toronto, Canada.
(4) SAARC Home Ministers conference (D) January 7 to 9, 2010 (d) Islamabad, Pakistan.
(5) G-15 summit (E) May 17, 2010 (e) Tehran, Iran.
(F) July 10 & 11, 2010 (f) Shanghai, China.
(G) April 14, 2010 (g) Washington, USA.

(1) 1 - D - a; 2 - C - b; 3 - B - c; 4 - A - d; 5 - E - e (2) 1 - D - a; 2 - D - b; 3 - C - c; 4 - A - d; 5 - E - g
(3) 1 - B - a; 2 - C - b; 3 - D - c; 4 - G - d; 5 - F - f (4) 1 - C - a; 2 - A - c; 3 - B - f; 4 - D - b; 5 - F - g

10. What is the present broadband connection density in India?

(1) 15.6% (2) 9.62% (3) 3.02% (4) 0.74%

11. Match the following.

Year Nobel prize winners in Economics Field of Contributions

(1) 2005 (A) Thomas C.Schelling Robert J.Aumann (a) Thearies on World Trade
(2) 2006 (B) Edmund Phelps (b) Mechanism Design Theory.
(3) 2007 (C) Leonid, Hurwicz, Eric Maskin, Roger Myerson (c) International Trade - off between Inflation
and Unenployment
(4) 2008 (D) Paul Krugman (d) Game Theory Analysis

(1) 1 - A - a, 2 - B - b, 3 - C - c, 4 - D - d. (2) 1 - A - d, 2 - B - c, 3 - C - b, 4 - D - a.
(3) 1 - D - d, 2 - C - c, 3 - B - b, 4 - A - a. (4) 1 - D - a, 2 - C - b, 3 - B - c, 4 - A - d.

12. On August 3, 2010 Sachin Tendulkar became the first person to play the highest number of Test matches
i.e., 169 playing against Sri Lanka. He broke the previous record of
(1) Donald Bradman. (2) Steve Waugh. (3) Mark Waugh. (4) Sunil Gavaskar.

13. The International Mathematical Union (IMU) has awarded its one time Leelavati award in 2010 to
(1) George Perelman (2) Stephen Hawking
(3) The Shankaracharaya of Puri (4) Simon Lehna Singh

14. The UAE has banned Blackberry from October 2010 because
(1) RIM, the manufacturer of Blackberry is based in Canada.
(2) Blackberry has a very secure encryption technology.
(3) The name has offensive racial overtones.
(4) The KKK has called for a ban on Blackberry

15. Which country is not a large manufacturer of solar photo voltaic products?
(1) India (2) China (3) Taiwan (4) Japan

16. X - changing I which is the first MNC to set up a centre in a tier III city in India, is based in
(1) China (2) Taiwan (3) Japan (4) UK

17. Which statement is not true of the retail sector in India?

(1) 51% FDI is allowed in single brand retail
(2) 100% FDI is allowed in wholesale cash and carry
(3) Wal-Mart has entered the Indian market through a joint venture with Bharthi Enterprises in 2009
(4) Mom and Pop stores are part of organized retail.

18. Which stock exchange has joined hands with Options Industrial Council of India to expand options education in India?
(1) BSE (2) NSE (3) OTCEI (4) NCX

19. According to NCAER’s India Protection Index, which is the highest rated state with well protected households?
(1) Maharashtra (2) Gujarat (3) Karnataka (4) Kerala

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20. Which of the following statement/s is/are not true about World Cup Soccer?
(a) The first World Cup Soccer match kicked off on July 13, 1930.
(b) The first player to score in the World Cup was Lucien Laurent of France.
(c) The fastest goal in a World Cup match was Ronaldo of Brazil in 11 seconds.
(d) The youngest player in World Cup history to have scored a goal is Pele of Brazil.
(e) The first live world wide T.V coverage of the World Cup was in 1958.
(f) Italy has won the maximum number of World Cup titles [Five times winner]
(1) a, c, e only. (2) c, e, f only. (3) c, f only. (4) b, f only.

21. Match the following Lists A, B, C, D.

Finance commission Established in Chairman Operational Duration
Sl.No.
(List - A) (List - B) (List - c) (List - D)
st
(1) 1 (A) 1951 (a) K.Santhanam (i) 1952 - 57
(2) 2nd (B) 1956 (b) K.C.Niyogi (ii) 1957 - 62
th
(3) 8 (C) 1983 (c) N.K.P.Salve (iii) 1984 - 89
(4) 9th (D) 1987 (d) Y.B. Chavan (iv) 1989 - 95
(5) 12th (E) 2003 (e) Vijay Kelkar (v) 2005 - 10
th
(6) 13 (F) 2007 (f) C.Rangarajan (vi) 2010 - 15
(1) 1 - A - a- i, 2 - B - b - ii, 3 - C - c - iii, 4 - D - d - iv, 5 - E - e - v, 6 - F - f - vi.5
(2) 1 - A - b- i, 2 - B - a - ii, 3 - C - d - iii, 4 - D - c - iv, 5 - E - f - v, 6 - F - e - vi.
(3) 1 - B - a- ii, 2 - A - b - i, 3 - D - c - iv, 4 - C - d - iii, 5 - F - e - vi, 6 - E - f - v.
(4) 1 - B - b - I, 2 - A - a - ii, 3 - D - d - iii, 4 - C - c - iv, 5 - F - f - v, 6 - E - e - vi.

22. The new Multi-Dimensional Poverty Index [MPI] adopted by UNDP is developed by
(1) WEF (2) UNESCO
(3) World Bank (4) Oxford poverty and HDI initiative

23. David Keeling is associated with

(1) nanotechnology. (2) campaign against global warming.
(3) HIV research. (4) WWW.

24. The Kyoto Protocol lapses by

(1) 2020. (2) 2016. (3) 2012. (4) 2010.

25. Who among the following has retained the 2010 Tour de France title?
(1) Alberto Contador (2) Andy Schleck
(3) Denis Menchov (4) Anthony Charteau

26. Sharad Joshi is the only Member of Parliament who voted against the women’s reservation bill on March 9,
2010 in the Rajya Sabha. To which party does he belong?
(1) Samajwadi Party (2) Bahujan Samaj Party
(3) Rashtriya Janata Dal (4) Swatantra Bharat Paksh

27. ‘Force One’ is an elite security force designed on the lines of the National Security Guards (NSG). Which
state has started this?
(1) Gujarat (2) Andhra Pradesh (3) Tamil Nadu (4) Maharashtra

28. Match List - X with List - Y

Report/Organisation Published by/works under
(List - X) (List - Y)
(1) Economic Survey (A) UNDP
(2) Survey of India (B) Ministry of Science & Technology
(3) HDI Report (C) Ministry Of Finance
(4) World Development Report (D) Ministry Of Environment
(5) Food & Nutrition Board (E) Ministry of Human Resource Development
(6) GEAC (F) IBRD
(7) Archeological Survey of India (G) Ministry of Culture
(H) P.M.O
(I) UNESCO

(1) 1- C, 2 - B, 3 - A, 4 - F, 5 - E, 6 - D, 7 - G. (2) 1- A, 2 - B, 3 - C, 4 - D, 5 - E, 6 - F, 7 - G.
(3) 1- D, 2 - C, 3 - B, 4 - A, 5 - H, 6 - G, 7 - E. (4) 1- F, 2 - B, 3 - H, 4 - I, 5 - F, 6 - D, 7 - G.
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29. Match List - X with List - Y

List - X List - Y
(1) WTO (A) Sanction of soft loans
(2) IDA (B) Multilateral trade negotiation body
(3) IMF (C) Facilitating lending and borrowing for reconstruction and development
(4) IBRD (D) Provides loans to meet short term balance of payment problems.
(5) OECD (E) Developed countries club

(1) 1 - A, 2 - B, 3 - D, 4 - C, 5 - E. (2) 1 - B, 2 - A, 3 - C, 4 - D, 5 - E.
(3) 1 - E, 2 - D, 3 - C, 4 - B, 5 - A. (4) 1 - B, 2 - A, 3 - D, 4 - C, 5 - E.

30. In India, which of the following is regulated by the Forward Markets Commission?
(1) Currency Future Trading
(2) Commodities Future Trading
(3) Equity Future Trading
(4) Both Commodities Future and Financial Future Trading

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