CAT-21 for Bank Po exams and other public services exam

1. What is the rank of India in Economic Freedom Index?
a) 120
b) 121
c) 115
d) 124

2. Which of the following is the world's freest economy as per the Economic freedom Index?
a) Japan
b) Netherlands
c) Hong Kong
d) Australia

3. Which of the following is true?
a) Oxford Poverty and Human development Initiative (OPHI) and the UNDP Human Development Report launch the Multidimensional Poverty Index
b) The more commonly accepted measure of poverty is living on $1.25 a day or less
c) Half of the poor as measured by the MPI live in South Asia
d) As per the new MPI, about 645 million people or 55% of India’s population is poor and India's rank is 63rd
e) All are true

4. What was the growth projections as the 'Economic Outlook 2010-11' released by PMEAC?
a) 8.5 % in 2010-11 and 9.0% in 2011-12
b) 7.5 % in 2010-11 and 8.5% in 2011-12
c) 9.5% in 2010-11 and 8.5% in 2011-12
d) None of these

5. Which of the following bagged ICWAI award?
a) HPCL
b) IOC
c) NFL
d) None of these

6. Which of the following is true?
a) UIDAI chairperson is Nandan Nilkani
b) It has come ou with 'National Identification Authority of India Bill 2010'
c) It is now proposed to set up National identification Authority of India
d) SBI became the first bank to take up registration for the UIDAI project
e) All are true

7. Now Monetary policy will be reviewed after every -
a) 4 months
b) 6 months
c) 45 days
d) 60 days

8. Which of the following publishes the 'World Economic Outlook'?
a) World Bank
b) International bank for Reconstruction and development
c) IMF
d) ADB

9.  IMF revised the grwoth prospect of India  for 2010 from 8.8% to -
a) 9.4%
b) 8.4%
c) 10.4%
d) 9.5%

10. Which of the following is true?
a) The Income Tax Department is celebrating 150 years of income tax in India
b) income tax was introduced by the James Wilson in 1860
c) It has increased from the mere Rs.1.33 crore in 1860-61 to around Rs.380,000 crore (nearly $85 billion) last fiscal.
d) All are true
e) Only B is true

11. T.C.A Anant is -
a) Economic Planning Advisor
b) Head of CBDT
c) Chief Statistician
d) Head of IAEA

12. What is true about GST?
a) Centre and states have agreed to leave out petroleum products, alcohol and electricity out of GST net
b) Finance  ministry has a three-rate structure for GST which would finally converge into a single-rate regime of 16% on all goods and services.
c) The 13th Finance Commission had recommended the Centre to set aside Rs 50,000 crore to compensate the states for the possible revenue loss from GST rollout.
d) All are true

13.  Which of the following countries is the world's largest energy user?
a) USA
b) India
c) Germany
d) China

14. Which has developed the fuel efficient nuclear reactor based on fourth generation nuclear technology?
a) USA
b) Russia
c) France
d) China

15. What is AquaLux 3D, developed by Indian origin scientist?
a) New planet in universe
b) New Projection Technology
c) New sound technology
d) Water cubes found on Mars planet