What amount was raised by the Food Corporation of India (FCI) by issuing taxable bonds backed by Government of India

Guarantee in order to meet the additional wo rking capital requirement? A. 5000 crore Rupees B. 4000 crore Rupees C. 3000 crore Rupees D. 2500 crore Rupees ANSWER: A As per the Society of Indian Automobile Manufacturers (SIAM) with what percent t he auto Sales in India was dropped, hitting a 10 year lowest sales percentage? A. 4.6 Percent B. 6.7 Percent C. 3.5 Percent D. 2.5 Percent ANSWER: B What is the slashed percentage in World Trade Growth Forecast by World Trade Org anization in year 2013? A. 3.6 Percent B. 3.2 Percent C. 2.6 Percent D. 3.3 Percent ANSWER: D By what percent the production of eight core sector industries decreased in the month of February 2013, for the first time in 2012-13 financial year? A. 3.5 Percent B. 2 Percent C. 2.5 Percent D. 4 Percent ANSWER: C The Cabinet Committee on Economic Affairs(CCEA) on 2 April 2013 approved the pro posal of the Ministry of Home Affairs for continuation of the Scheme for Special Infrastructure (SIS) during the 12th Plan period in which extremism affected st ates ? A. Left Wing Extremism (LWE) B. Right Wing Extremism C. Centre wing Extremism D. None of the Above ANSWER: A The Cabinet Committee on Economic Affairs gave its approval for the four laning of the Jorhat-Demow section of which National Highway- in the state of Assam? A. National Highway- 37 B. National Highway- 24 C. National Highway- 19 D. National Highway- 17 ANSWER: A What amount was sanctioned by the Union Government of India on 5 April 2013 for pollution abatement schemes of rivers and lakes in different states? A. 4065.81 crore rupees B. 4063.65 crore rupees C. 4036.81 crore rupees D. 4029.54 crore rupees ANSWER: A Name the city where the Two-day International Workshop on Green National Account

ing for India was finished on 6 April 2013. A. Kolkata B. Mumbai C. New Delhi D. Hyderabad ANSWER: C Union Government of India on 7 March 2013 approved export of what quantity of wh eat from its Godowns? A. 10 Miilion Tonnes B. 5 Million Tonnes C. 15 Milion Tonnes D. 20 Million Tonnes ANSWER: B What is the hike percentage on Defence Budget over the last year 2012-13, as all ocated in the Union budget 2013-14 thus promising more funds required for nation al security? A. 14 Percent B. 12 Percent C. 10 Percent D. 9 Percent ANSWER: A What is the percentage of Investment allowance as proposed in the Union Budget 2 013-14 for investment in plant & machinery? A. 10 Percent B. 12 Percent C. 13 Percent D. 15 Percent ANSWER: D Which of the financial regulator is not included among four financial regulators who signed an agreement on 8 March 2013 among each other for co-operation on co nsolidated supervision and monitoring of financial groups? A. RBI B. SEBI C. Insurance Regulatory and Development Authority D. IMF ANSWER: D What growth percent is estimated by World Bank for the Indian Economy during 201 3-14? A. 6 Percent B. 7 Percent C. 8 Percent D. 4 Percent ANSWER: A What is the number of Fuel Supply Pact signed by Coal India Limited with differe nt Power Plants in Year 2013? A. 46 B. 54 C. 56 D. 53 ANSWER: C Union Government on 12 March 2013 decided to provide a financial assistance of 4 1.21 crore rupees to protect which special breed of goat that produces world-fam

ous fine luxury fibre? A. Barbari B. Pashmina C. Malbari D. Mehsana ANSWER: B What percent of Growth rate was pegged by India's Economic Survey for 2012-13 fo r the fiscal year 2013-14? A. 6.1-6.7 Percent B. 5.6-5.9 Percent C. 6.2-6.9 Percent D. 5.1-5.7 Percent ANSWER: A What percent of inflation rate was pegged by India's Economic Survey for 2012-13 for the fiscal year 2013-14? A. 6.2-6.6 Percent B. 3.5-3.9 Percent C. 4.8-5.4 Percent D. 6.3-6.5 Percent ANSWER: A Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan o n 14 March 2013 signed a Memorandum of Understanding (MOU) at Jaipur for setting up a refinery-cum-petrochemical complex at ___________. Fill in the blanks with appropriate option. A. Rajasthan B. Orissa C. Tamil Nadu D. Uttar Pradesh ANSWER: A By what basis point, the Reserve Bank of India (RBI) on 19 March 2013 cut the re po rate in its mid-quarter review of the monetary policy. A. 25 basis Point B. 50 Basis Point C. 15 basis point D. 35 basis point ANSWER: A The Cabinet Committee on Investment (CCI) on 21 March 2013 cleared Reliance Indu stries' (RIL) KG-D6 and NEC-25 blocks for________________ A. Oil and Gas Exploration B. Oil and Gas Engineering C. Oil and Gas Filtration D. Oil and Gas Production ANSWER: A Which of the following Statements is not correct regarding the 'Banking Sector' of India? A. At present there are 26 Nationalized Banks in India. B. Foreign Banks and Regional Rural Banks do not come under the category of Sche duled Commercial Banks. C. Banks have the freedom to regulate their own Savings Bank Deposit interest ra tes. D. Narsimham Committee is related to Banking Sector reforms. ANSWER: B Which among the following are the 'Credit-Rating Agencies' of India? 1.CRISIL 2.

CARE 3.ICRA 4.ONICRA A. 1 and 3 B. 1, 2 and 3 C. 1, 3 and 4 D. All ANSWER: D Consider the following Statements regarding 'Take-Out Financing': 1.It is for in frastructure projects which have long gestation period. 2.It helps to prevent an y possible asset-liability mismatch. Which of the above Statement(s) is/are corr ect? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 ANSWER: C Which among the following are the wholly/partly owned subsidiaries of the Reserv e Bank of India(RBI)? 1.Deposit Insurance and Credit Guarantee Corporation (DICG C) 2.National Housing Bank (NHB) 3.National Bank for Agriculture and Rural Devel opment (NABARD) 4.Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) A. 1 and 4 B. 1, 2 and 4 C. 2, 3 and 4 D. All ANSWER: D The concept of 'Universal Banking' was implemented in India on the recommendatio ns of: A. Abid Hussain Committee B. R H Khan Committee C. S Padmanabhan Committee D. Y H Malegam Committee ANSWER: B Name the Place where Commercial production of Aishwarya Oil Field at has started on 23 March 2013. A. Rajasthan B. Tamil Nadu C. Orissa D. Andhra Pradesh ANSWER: A Look at this series: 22, 21, 23, 22, 24, 23, ... What number should come next? A. 22 B. 24 C. 25 D. 26 ANSWER: C Look at this series: 53, 53, 40, 40, 27, 27, ... What number should come next? A. 12 B. 14 C. 27 D. 53 ANSWER: B Look at this series: 21, 9, 21, 11, 21, 13, 21, ... What number should come next ? A. 14

B. 15 C. 21 D. 23 ANSWER: B Look at this series: 58, 52, 46, 40, 34, ... What number should come next? A. 26 B. 28 C. 30 D. 32 ANSWER: B Look at this series: 3, 4, 7, 8, 11, 12, ... What number should come next? A. 7 B. 10 C. 14 D. 15 ANSWER: D Look at this series: 8, 22, 8, 28, 8, ... What number should come next? A. 9 B. 29 C. 32 D. 34 ANSWER: D Look at this series: 31, 29, 24, 22, 17, ... What number should come next? A. 15 B. 14 C. 13 D. 12 ANSWER: A Look at this series: F2, __, D8, C16, B32, ... What number should fill the blank ? A. A16 B. G4 C. E4 D. E3 ANSWER: C Look at this series: 664, 332, 340, 170, ____, 89, ... What number should fill t he blank? A. 85 B. 97 C. 109 D. 178 ANSWER: D Look at this series: V, VIII, XI, XIV, __, XX, ... What number should fill the b lank? A. IX B. XXIII C. XV D. XVII ANSWER: D As per RBI mid-quarter review of the monetary policy, the reverse repo rate chan ged from the earlier 6.5 Percent. What is the new Reverse repo rate? A. 6.5 Percent

B. 5.5 Percent C. 6.7 Percent D. 6.75 Percent ANSWER: D Security Printing and Minting Corporation of India Limited (SPMCIL) signed the M emorandum of Understanding (MoU) with the Department of Economic Affairs (DEA), Ministry of Finance on 25 March 2013. What is the set ambitious Sales target mad e by the Company in 2013-14 fiscal year? A. 3407 Crore Rupees B. 3510 Crore Rupees C. 3210 Crore Rupees D. 3256 Crore Rupees ANSWER: A Media General, the owner of 18 network-affiliated TV stations announced on 6 Jun e 2013 that it will merge with which privately held company? A. New Young Broadcasting B. MyNetworkTV C. Fox 1 D. NBC ANSWER: A The Ministry of Tourism (MoT) roped in which company for maintenance as well as cleanliness of Taj Mahal as well as five more tourist destinations, under the Ca mpaign Clean India? A. Bharat Petroleum B. Indian Oil C. Hindustan Petroleum D. ONGC ANSWER: D Which State Government signed a Memorandum of understanding (MoU) on 5 June 2013 with Directorate General of Foreign Trade (DGFT) for making use of electronic B ank Realization Certificate (e-BRC)? A. Maharashtra Government B. Delhi Government C. Kerala Government D. Haryana Government ANSWER: B Where did Coca-Cola, the largest soft-drink maker of the world, opened its bottl ing plant on 4 June 2013 as part of its planned five-year 200 million US dollar investment? A. Pinya Manufacturing Co. B. PepsiCo C. Coca-Cola D. Coca-Cola Zero ANSWER: C Which drug company, on 4 June 2013 announced that got the final approval from US health regulator, US Food and Drug Administration (USFDA) for generic testoster one cypionate injection? A. Sun Pharmaceutical Industries B. Aurobindo Pharma Ltd C. Glenmark Pharmaceuticals D. Ranbaxy ANSWER: A Which equities and equity derivatives trading block declared on 31 May 2013 that

it received approval from SEBI for operating separate debt as well as SME tradi ng platforms? A. National Stock Exchange (NSE) B. Bombay Stock Exchange (BSE) C. MCX Stock Exchange (MCX-SX) D. Unified Debt Exchange ANSWER: C The National Green Tribunal on 31 May 2013 gave approval to Sterlite Industries Ltd for operating which plant in Tuticorin district of Tamil Nadu? A. Copper Plant B. Electricity Plant C. Uranium Plant D. Nuclear Plant ANSWER: A Aditya Birla Chemicals (India) on 31 May 2013 declared that the Board of Directo rs approved to acquire which division of Solaris Chemtech Industries? A. Chlor-Alkali Division B. Phosphoric Acid Division C. Aluminium Division D. Chlor-Alkali & Phosphoric Acid Division (CA&P Division) ANSWER: D Which budget passenger carrier launched seven new flights to its domestic system on 30 May 2013? A. Jet Airways B. IndiGo C. SpiceJet D. JetConnect ANSWER: B Which US-based company was acquired by TVS Logistics Services Ltd. in a deal wo rth 50 crore Rupees? A. Wainwright Industries B. Manufacturers Equipment and Supply Company (MESCO) C. General Motors D. None of these ANSWER: A Yahoo, in the month of May 2013, redesigned the Flickr photo-sharing service by offering which facility to its users? A. New app for Android devices B. Redesigned user-interface C. 1 TB storage without levying any fee D. New Activity Feed ANSWER: C Morgan Stanley on 20 May 2013 signed an agreement to sell its Indian wealth mana gement unit to which company? A. Bajaj Alliance B. Mahindra and Mahindra C. Muthoot Finance D. Standard Chartered ANSWER: D Which cricketer's face and signature were engraved on limited edition gold coins o f Valuemart Gold and Jewels? A. Chris Gayle B. Sachin Tendulkar

C. Ricky Ponting D. Don Bradman ANSWER: B Where is Morgan Stanley, the American multinational financial services corporati on headquartered? A. New York B. Las Vegas C. Canada D. Texas ANSWER: A How many limited edition gold coins with Sachin Tendulkar's face and signature eng raved on them were launched on 13 May 2013 by Valuemart Gold and Jewels on the o ccasion of Akshaya Tritiya? A. 34000 B. 50000 C. 200000 D. 100000 ANSWER: D Which industry manufacturers were on 17 May 2013 ordered by the Competition Appe llate Tribunal (Compat) to deposit an amount of 630 crore Rupees, an amount equa l to 10 percent of total penalty imposed on it by CCI in June 2012? A. Oil manufacturers B. Iron Ore manufacturers C. Petroleum manufacturers D. Cement manufacturers ANSWER: D Which company on 15 May 2013 achieved 50 billion apps download milestone? A. Apple B. Google C. Yahoo! D. Samsung ANSWER: A Star India in the month of May 2013 launched which new movie channel? A. Star Movies B. Star Movies Actions C. Fox Action Movies D. Fox Movies ANSWER: B Which Asset Management Company on 13 May 2013 signed a Memorandum of Understandi ng (MoU) with eight Public Sector Banks for acquisition of infrastructure loans? A. IL AND FS Financial Services Limited (IFIN) B. IL AND FS Infrastructure Debt Fund (IIDF) C. IL AND FS Infra Asset Management Limited (IAML) D. None ANSWER: C Indian Farmers Fertiliser Co-operative (IFFCO), on 11 May 2013 signed a long-ter m agreement with which Brazilian mining company for supply of rock phosphate? A. Vale SA B. Ferrous Resources C. Votorantim Metais D. Caemi ANSWER: A

Which of the following was used in first generation computers? A. Machine Language B. High Language C. Assembly Language D. None ANSWER: A A unit of data storage that equals 2 to the 70th power is called? A. Zebibyte B. Yottabite C. Yobibite D. None ANSWER: A What is the escalation in the growth percentage of Foreign Tourist Arrivals (FTA s) in March 2013 over March 2012? A. 2.8 Percent B. 3.5 Percent C. 5.3 Percent D. 6.2 Percent ANSWER: A Which Non-Banking Financial Company (NBFC) got in-principal approval from the Re serve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs) in the last week of June 2013? A. USB Financial Corporation Ltd. B. Mahindra& Mahindra Financial Services Ltd. C. Escorts Finance Ltd. D. Muthoot Finance ANSWER: D Name the Walmart India Head who resigned from the US retail giant on 26 June 201 3. A. Ramnik Narsey B. Raj Jain C. Rob Walton D. Mike Duke ANSWER: B The European Commission (EC) on 26 June 2013 approved Inter Continental Exchange's (ICE) proposed 8.2 billion dollars takeover of __________. Fill in the blank wi th an appropriate option. A. NYSE-Euronext B. ICE-Next C. Nasdaq D. BSE- Euronext ANSWER: A Which drug firm on 25 June 2013 announced that it was given World Health Organis ation (WHO) pre- qualification for the anti-malarial tablets which will be launc hed immediately? A. Aurobindo Pharma B. Wyeth Pharma C. Strides Arcolab Pharma D. Bristol Mayer Pharma ANSWER: C Tech Mahindra on 6 May 2013 signed agreement with which South African company to float a new company? A. Falcorp

B. Anglo Platinum C. Tongaat Hulett D. Sanlam ANSWER: A Which online travel portal announced in June 2013 that it acquired GateGuru, the mobile resource for airport as well as flight information across the globe? A. TripAdvisor B. Make My Trip C. Travel guru D. Easy Go Trip ANSWER: A As per the data released by Ministry of Railways Indian Railways, what was the r evenue earning freight traffic of Indian Railways during the financial year 2012 -13 ? A. 1009.73 million tones B. 2009.71 million tones C. 3009.74 million tones D. 4009.74 million tones ANSWER: A What amount was raised by the Food Corporation of India (FCI) by issuing taxable bonds backed by Government of India Guarantee in order to meet the additional w orking capital requirement? A. 5000 crore Rupees B. 4000 crore Rupees C. 3000 crore Rupees D. 2500 crore Rupees ANSWER: A As per the Society of Indian Automobile Manufacturers (SIAM) with what percent t he auto Sales in India was dropped, hitting a 10 year lowest sales percentage? A. 4.6 Percent B. 6.7 Percent C. 3.5 Percent D. 2.5 Percent ANSWER: B What is the slashed percentage in World Trade Growth Forecast by World Trade Org anization in year 2013? A. 3.6 Percent B. 3.2 Percent C. 2.6 Percent D. 3.3 Percent ANSWER: D What is the escalation in the growth percentage of Foreign Tourist Arrivals (FTA s) in March 2013 over March 2012? A. 2.8 Percent B. 3.5 Percent C. 5.3 Percent D. 6.2 Percent ANSWER: A What is the number of Fuel Supply Pact signed by Coal India Limited with differe nt Power Plants in Year 2013? A. 46 B. 54 C. 56

D. 53 ANSWER: C Union Government on 12 March 2013 decided to provide a financial assistance of 4 1.21 crore rupees to protect which special breed of goat that produces world-fam ous fine luxury fibre? A. Barbari B. Pashmina C. Malbari D. Mehsana ANSWER: B What percent of Growth rate was pegged by India's Economic Survey for 2012-13 fo r the fiscal year 2013-14? A. 6.1-6.7 Percent B. 5.6-5.9 Percent C. 6.2-6.9 Percent D. 5.1-5.7 Percent ANSWER: A What percent of inflation rate was pegged by India's Economic Survey for 2012-13 for the fiscal year 2013-14? A. 6.2-6.6 Percent B. 3.5-3.9 Percent C. 4.8-5.4 Percent D. 6.3-6.5 Percent ANSWER: A Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan o n 14 March 2013 signed a Memorandum of Understanding (MOU) at Jaipur for setting up a refinery-cum-petrochemical complex at ___________. Fill in the blanks with appropriate option. A. Rajasthan B. Orissa C. Tamil Nadu D. Uttar Pradesh ANSWER: A As per the data released by Ministry of Railways Indian Railways, what was the r evenue earning freight traffic of Indian Railways during the financial year 2012 -13 ? A. 1009.73 million tones B. 2009.71 million tones C. 3009.74 million tones D. 4009.74 million tones ANSWER: A Which Hollywood actor became the new face of the men's perfume, Dior Homme on 12 J une 2013? A. Robert Pattinson B. Henry Cavill D. Paul Walker D. Will Smith ANSWER: A Which company on 14 June 2013 unveiled the World's Largest Container ship? A. Hong Kong Ferry Company B. Century Shipyard Pvt. Ltd. C. Maersk Line D. IAI Ramta

ANSWER: C Who was appointed as the new Chairman of Life Insurance Corporation of India (LI C) by the Government of India? A. Thomas Mathew T B. SK Roy C. S B Mainak D. Usha Sangwan ANSWER: B Name the 24 hours news channel which was launched by Media firm TV18 Broadcast o n 13 June 2013 in UK? A. CNBC Awaaz B. CNN-IBN C. CNBC TV18 D. News18 India ANSWER: D Which new feature was introduced by Facebook Inc. on 12 June 2013 for identifica tion of topics for discussions? This feature is already being used by Instagram and Twitter. A. @ sign (at the rate tags) B. # sign (Hash tags) C. * sign (asterisk tags) D. ! sign (exclamation tags) ANSWER: B Media General, the owner of 18 network-affiliated TV stations announced on 6 Jun e 2013 that it will merge with which privately held company? A. New Young Broadcasting B. MyNetworkTV C. Fox 1 D. NBC ANSWER: A The Ministry of Tourism (MoT) roped in which company for maintenance as well as cleanliness of Taj Mahal as well as five more tourist destinations, under the Ca mpaign Clean India? A. Bharat Petroleum B. Indian Oil C. Hindustan Petroleum D. ONGC ANSWER: D Which State Government signed a Memorandum of understanding (MoU) on 5 June 2013 with Directorate General of Foreign Trade (DGFT) for making use of electronic B ank Realization Certificate (e-BRC)? A. Maharashtra Government B. Delhi Government C. Kerala Government D. Haryana Government ANSWER: B Where did Coca-Cola, the largest soft-drink maker of the world, opened its bottl ing plant on 4 June 2013 as part of its planned five-year 200 million US dollar investment? A. Pinya Manufacturing Co. B. PepsiCo C. Coca-Cola D. Coca-Cola Zero

ANSWER: C Which drug company, on 4 June 2013 announced that got the final approval from US health regulator, US Food and Drug Administration (USFDA) for generic testoster one cypionate injection? A. Sun Pharmaceutical Industries B. Aurobindo Pharma Ltd C. Glenmark Pharmaceuticals D. Ranbaxy ANSWER: A Which equities and equity derivatives trading block declared on 31 May 2013 that it received approval from SEBI for operating separate debt as well as SME tradi ng platforms? A. National Stock Exchange (NSE) B. Bombay Stock Exchange (BSE) C. MCX Stock Exchange (MCX-SX) D. Unified Debt Exchange ANSWER: C The National Green Tribunal on 31 May 2013 gave approval to Sterlite Industries Ltd for operating which plant in Tuticorin district of Tamil Nadu? A. Copper Plant B. Electricity Plant C. Uranium Plant D. Nuclear Plant ANSWER: A Aditya Birla Chemicals (India) on 31 May 2013 declared that the Board of Directo rs approved to acquire which division of Solaris Chemtech Industries? A. Chlor-Alkali Division B. Phosphoric Acid Division C. Aluminium Division D. Chlor-Alkali & Phosphoric Acid Division (CA&P Division) ANSWER: D Which budget passenger carrier launched seven new flights to its domestic system on 30 May 2013? A. Jet Airways B. IndiGo C. SpiceJet D. JetConnect ANSWER: B Which US-based company was acquired by TVS Logistics Services Ltd. in a deal wo rth 50 crore Rupees? A. Wainwright Industries B. Manufacturers Equipment and Supply Company (MESCO) C. General Motors D. None of these ANSWER: A Yahoo, in the month of May 2013, redesigned the Flickr photo-sharing service by offering which facility to its users? A. New app for Android devices B. Redesigned user-interface C. 1 TB storage without levying any fee D. New Activity Feed ANSWER: C

Morgan Stanley on 20 May 2013 signed an agreement to sell its Indian wealth mana gement unit to which company? A. Bajaj Alliance B. Mahindra and Mahindra C. Muthoot Finance D. Standard Chartered ANSWER: D Which cricketer's face and signature were engraved on limited edition gold coins o f Valuemart Gold and Jewels? A. Chris Gayle B. Sachin Tendulkar C. Ricky Ponting D. Don Bradman ANSWER: B Where is Morgan Stanley, the American multinational financial services corporati on headquartered? A. New York B. Las Vegas C. Canada D. Texas ANSWER: A How many limited edition gold coins with Sachin Tendulkar's face and signature eng raved on them were launched on 13 May 2013 by Valuemart Gold and Jewels on the o ccasion of Akshaya Tritiya? A. 34000 B. 50000 C. 200000 D. 100000 ANSWER: D The performance of a hard drive or other storage device , meaning how long it ta kes to locate a file is called ? A. Response Time B. Access Time C. Quick Time D. None ANSWER: B Name the Place where Commercial production of Aishwarya Oil Field at has started on 23 March 2013. A. Rajasthan B. Tamil Nadu C. Orissa D. Andhra Pradesh ANSWER: A As per RBI mid-quarter review of the monetary policy, the reverse repo rate chan ged from the earlier 6.5 Percent. What is the new Reverse repo rate? A. 6.5 Percent B. 5.5 Percent C. 6.7 Percent D. 6.75 Percent ANSWER: D Security Printing and Minting Corporation of India Limited (SPMCIL) signed the M emorandum of Understanding (MoU) with the Department of Economic Affairs (DEA), Ministry of Finance on 25 March 2013. What is the set ambitious Sales target mad

e by the Company in 2013-14 fiscal year? A. 3407 Crore Rupees B. 3510 Crore Rupees C. 3210 Crore Rupees D. 3256 Crore Rupees ANSWER: A Which of the following was used in first generation computers? A. Machine Language B. High Language C. Assembly Language D. None ANSWER: A Look at this series: 21, 9, 21, 11, 21, 13, 21, ... What number should come next ? A. 14 B. 15 C. 21 D. 23 ANSWER: B Look at this series: 58, 52, 46, 40, 34, ... What number should come next? A. 26 B. 28 C. 30 D. 32 ANSWER: B Look at this series: 3, 4, 7, 8, 11, 12, ... What number should come next? A. 7 B. 10 C. 14 D. 15 ANSWER: D Look at this series: 8, 22, 8, 28, 8, ... What number should come next? A. 9 B. 29 C. 32 D. 34 ANSWER: D Look at this series: 31, 29, 24, 22, 17, ... What number should come next? A. 15 B. 14 C. 13 D. 12 ANSWER: A Look at this series: F2, __, D8, C16, B32, ... What number should fill the blank ? A. A16 B. G4 C. E4 D. E3 ANSWER: C Look at this series: 664, 332, 340, 170, ____, 89, ... What number should fill t he blank?

A. 85 B. 97 C. 109 D. 178 ANSWER: D Look at this series: V, VIII, XI, XIV, __, XX, ... What number should fill the b lank? A. IX B. XXIII C. XV D. XVII ANSWER: D Look at this series: 70, 71, 76, __, 81, 86, 70, 91, ... What number should fill the blank? A. 70 B. 71 C. 80 D. 96 ANSWER: A Look at this series: 8, 43, 11, 41, __, 39, 17, ... What number should fill in t he blank? A. 8 B. 14 C. 43 D. 44 ANSWER: B Look at this series: VI, 10, V, 11, __, 12, III, ... What number should fill the blank? A. II B. IV C. IX D. 14 ANSWER: B Look at this series: (1/9), (1/3), 1, ____ , 9, ... What number should fill the blank? A. (2/3) B. 3 C. 6 D. 27 ANSWER: B Which of the following Statements is not correct regarding the 'Banking Sector' of India? A. At present there are 26 Nationalized Banks in India. B. Foreign Banks and Regional Rural Banks do not come under the category of Sche duled Commercial Banks. C. Banks have the freedom to regulate their own Savings Bank Deposit interest ra tes. D. Narsimham Committee is related to Banking Sector reforms. ANSWER: B Which among the following are the 'Credit-Rating Agencies' of India? 1.CRISIL 2. CARE 3.ICRA 4.ONICRA A. 1 and 3 B. 1, 2 and 3

C. 1, 3 and 4 D. All ANSWER: D Consider the following Statements regarding 'Take-Out Financing': 1.It is for in frastructure projects which have long gestation period. 2.It helps to prevent an y possible asset-liability mismatch. Which of the above Statement(s) is/are corr ect? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 ANSWER: C Which among the following are the wholly/partly owned subsidiaries of the Reserv e Bank of India(RBI)? 1.Deposit Insurance and Credit Guarantee Corporation (DICG C) 2.National Housing Bank (NHB) 3.National Bank for Agriculture and Rural Devel opment (NABARD) 4.Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) A. 1 and 4 B. 1, 2 and 4 C. 2, 3 and 4 D. All ANSWER: D The concept of 'Universal Banking' was implemented in India on the recommendatio ns of: A. Abid Hussain Committee B. R H Khan Committee C. S Padmanabhan Committee D. Y H Malegam Committee ANSWER: B Which Non-Banking Financial Company (NBFC) got in-principal approval from the Re serve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs) in the last week of June 2013? A. USB Financial Corporation Ltd. B. Mahindra& Mahindra Financial Services Ltd. C. Escorts Finance Ltd. D. Muthoot Finance ANSWER: D Name the Walmart India Head who resigned from the US retail giant on 26 June 201 3. A. Ramnik Narsey B. Raj Jain C. Rob Walton D. Mike Duke ANSWER: B The European Commission (EC) on 26 June 2013 approved Inter Continental Exchange's (ICE) proposed 8.2 billion dollars takeover of __________. Fill in the blank wi th an appropriate option. A. NYSE-Euronext B. ICE-Next C. Nasdaq D. BSE- Euronext ANSWER: A Which drug firm on 25 June 2013 announced that it was given World Health Organis ation (WHO) pre- qualification for the anti-malarial tablets which will be launc

hed immediately? A. Aurobindo Pharma B. Wyeth Pharma C. Strides Arcolab Pharma D. Bristol Mayer Pharma ANSWER: C Which online travel portal announced in June 2013 that it acquired GateGuru, the mobile resource for airport as well as flight information across the globe? A. TripAdvisor B. Make My Trip C. Travel guru D. Easy Go Trip ANSWER: A Who was appointed as the Chief Advisor of AirAsia's India board on 17 June 2013? A. Cyrus Mistry B. Ratan Tata C. Subramanian Ramadorai D. Mukund Govind Rajan ANSWER: B Which global pharmaceutical company received novel antibiotic product Potentox p atented from Mexico in June 2013? A. Venus Remedies Limited B. Ranbaxy Laboratories C. Cadila Pharmaceuticals D. Taro Pharmaceutical Industries Ltd ANSWER: A National Institute of Securities Markets (NISM) signed a Memorandum of Understan ding (MoU) for the purpose of joint promotion of corporate as well as securities market governance with which institute? A. Institute for Banking B. The Institute of Chartered Accountants of India C. The Institute of Company Secretaries of India D. None of These ANSWER: C Which bank announced on 19 June 2013 that it received a license for opening the representative office in Yangon, Myanmar? A. The Bank of India B. The Reserve Bank of India C. The State Bank of India D. The Export Import (EXIM) Bank of India ANSWER: D Where did Tata Coffee, the largest plantation company of Asia on 19 June 2013 in augurate the premium extraction plant? A. Kerala B. Chennai C. Assam D. Tamil Nadu ANSWER: D Which Hollywood actor became the new face of the men's perfume, Dior Homme on 12 J une 2013? A. Robert Pattinson B. Henry Cavill D. Paul Walker

D. Will Smith ANSWER: A Which company on 14 June 2013 unveiled the World's Largest Container ship? A. Hong Kong Ferry Company B. Century Shipyard Pvt. Ltd. C. Maersk Line D. IAI Ramta ANSWER: C Who was appointed as the new Chairman of Life Insurance Corporation of India (LI C) by the Government of India? A. Thomas Mathew T B. SK Roy C. S B Mainak D. Usha Sangwan ANSWER: B Aditya Birla Chemicals (India) on 31 May 2013 declared that the Board of Directo rs approved to acquire which division of Solaris Chemtech Industries? A. Chlor-Alkali Division B. Phosphoric Acid Division C. Aluminium Division D. Chlor-Alkali & Phosphoric Acid Division (CA&P Division) ANSWER: D Which budget passenger carrier launched seven new flights to its domestic system on 30 May 2013? A. Jet Airways B. IndiGo C. SpiceJet D. JetConnect ANSWER: B Which US-based company was acquired by TVS Logistics Services Ltd. in a deal wo rth 50 crore Rupees? A. Wainwright Industries B. Manufacturers Equipment and Supply Company (MESCO) C. General Motors D. None of these ANSWER: A Yahoo, in the month of May 2013, redesigned the Flickr photo-sharing service by offering which facility to its users? A. New app for Android devices B. Redesigned user-interface C. 1 TB storage without levying any fee D. New Activity Feed ANSWER: C Morgan Stanley on 20 May 2013 signed an agreement to sell its Indian wealth mana gement unit to which company? A. Bajaj Alliance B. Mahindra and Mahindra C. Muthoot Finance D. Standard Chartered ANSWER: D Which cricketer's face and signature were engraved on limited edition gold coins o f Valuemart Gold and Jewels?

A. Chris Gayle B. Sachin Tendulkar C. Ricky Ponting D. Don Bradman ANSWER: B Where is Morgan Stanley, the American multinational financial services corporati on headquartered? A. New York B. Las Vegas C. Canada D. Texas ANSWER: A How many limited edition gold coins with Sachin Tendulkar's face and signature eng raved on them were launched on 13 May 2013 by Valuemart Gold and Jewels on the o ccasion of Akshaya Tritiya? A. 34000 B. 50000 C. 200000 D. 100000 ANSWER: D Which industry manufacturers were on 17 May 2013 ordered by the Competition Appe llate Tribunal (Compat) to deposit an amount of 630 crore Rupees, an amount equa l to 10 percent of total penalty imposed on it by CCI in June 2012? A. Oil manufacturers B. Iron Ore manufacturers C. Petroleum manufacturers D. Cement manufacturers ANSWER: D Which company on 15 May 2013 achieved 50 billion apps download milestone? A. Apple B. Google C. Yahoo! D. Samsung ANSWER: A Star India in the month of May 2013 launched which new movie channel? A. Star Movies B. Star Movies Actions C. Fox Action Movies D. Fox Movies ANSWER: B Which Asset Management Company on 13 May 2013 signed a Memorandum of Understandi ng (MoU) with eight Public Sector Banks for acquisition of infrastructure loans? A. IL AND FS Financial Services Limited (IFIN) B. IL AND FS Infrastructure Debt Fund (IIDF) C. IL AND FS Infra Asset Management Limited (IAML) D. None ANSWER: C Indian Farmers Fertiliser Co-operative (IFFCO), on 11 May 2013 signed a long-ter m agreement with which Brazilian mining company for supply of rock phosphate? A. Vale SA B. Ferrous Resources C. Votorantim Metais D. Caemi

ANSWER: A As per the Society of Indian Automobile Manufacturers (SIAM) with what percent t he auto Sales in India was dropped, hitting a 10 year lowest sales percentage? A. 4.6 Percent B. 6.7 Percent C. 3.5 Percent D. 2.5 Percent ANSWER: B What is the slashed percentage in World Trade Growth Forecast by World Trade Org anization in year 2013? A. 3.6 Percent B. 3.2 Percent C. 2.6 Percent D. 3.3 Percent ANSWER: D By what percent the production of eight core sector industries decreased in the month of February 2013, for the first time in 2012-13 financial year? A. 3.5 Percent B. 2 Percent C. 2.5 Percent D. 4 Percent ANSWER: C The Cabinet Committee on Economic Affairs(CCEA) on 2 April 2013 approved the pro posal of the Ministry of Home Affairs for continuation of the Scheme for Special Infrastructure (SIS) during the 12th Plan period in which extremism affected st ates ? A. Left Wing Extremism (LWE) B. Right Wing Extremism C. Centre wing Extremism D. None of the Above ANSWER: A The Cabinet Committee on Economic Affairs gave its approval for the four laning of the Jorhat-Demow section of which National Highway- in the state of Assam? A. National Highway- 37 B. National Highway- 24 C. National Highway- 19 D. National Highway- 17 ANSWER: A What amount was sanctioned by the Union Government of India on 5 April 2013 for pollution abatement schemes of rivers and lakes in different states? A. 4065.81 crore rupees B. 4063.65 crore rupees C. 4036.81 crore rupees D. 4029.54 crore rupees ANSWER: A Name the city where the Two-day International Workshop on Green National Account ing for India was finished on 6 April 2013. A. Kolkata B. Mumbai C. New Delhi D. Hyderabad ANSWER: C

Union Government of India on 7 March 2013 approved export of what quantity of wh eat from its Godowns? A. 10 Miilion Tonnes B. 5 Million Tonnes C. 15 Milion Tonnes D. 20 Million Tonnes ANSWER: B What is the hike percentage on Defence Budget over the last year 2012-13, as all ocated in the Union budget 2013-14 thus promising more funds required for nation al security? A. 14 Percent B. 12 Percent C. 10 Percent D. 9 Percent ANSWER: A What is the percentage of Investment allowance as proposed in the Union Budget 2 013-14 for investment in plant & machinery? A. 10 Percent B. 12 Percent C. 13 Percent D. 15 Percent ANSWER: D Which of the financial regulator is not included among four financial regulators who signed an agreement on 8 March 2013 among each other for co-operation on co nsolidated supervision and monitoring of financial groups? A. RBI B. SEBI C. Insurance Regulatory and Development Authority D. IMF ANSWER: D What growth percent is estimated by World Bank for the Indian Economy during 201 3-14? A. 6 Percent B. 7 Percent C. 8 Percent D. 4 Percent ANSWER: A What is the number of Fuel Supply Pact signed by Coal India Limited with differe nt Power Plants in Year 2013? A. 46 B. 54 C. 56 D. 53 ANSWER: C Union Government on 12 March 2013 decided to provide a financial assistance of 4 1.21 crore rupees to protect which special breed of goat that produces world-fam ous fine luxury fibre? A. Barbari B. Pashmina C. Malbari D. Mehsana ANSWER: B What percent of Growth rate was pegged by India's Economic Survey for 2012-13 fo

r the fiscal year 2013-14? A. 6.1-6.7 Percent B. 5.6-5.9 Percent C. 6.2-6.9 Percent D. 5.1-5.7 Percent ANSWER: A What percent of inflation rate was pegged by India's Economic Survey for 2012-13 for the fiscal year 2013-14? A. 6.2-6.6 Percent B. 3.5-3.9 Percent C. 4.8-5.4 Percent D. 6.3-6.5 Percent ANSWER: A Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan o n 14 March 2013 signed a Memorandum of Understanding (MOU) at Jaipur for setting up a refinery-cum-petrochemical complex at ___________. Fill in the blanks with appropriate option. A. Rajasthan B. Orissa C. Tamil Nadu D. Uttar Pradesh ANSWER: A By what basis point, the Reserve Bank of India (RBI) on 19 March 2013 cut the re po rate in its mid-quarter review of the monetary policy. A. 25 basis Point B. 50 Basis Point C. 15 basis point D. 35 basis point ANSWER: A The Cabinet Committee on Investment (CCI) on 21 March 2013 cleared Reliance Indu stries' (RIL) KG-D6 and NEC-25 blocks for________________ A. Oil and Gas Exploration B. Oil and Gas Engineering C. Oil and Gas Filtration D. Oil and Gas Production ANSWER: A Name the Place where Commercial production of Aishwarya Oil Field at has started on 23 March 2013. A. Rajasthan B. Tamil Nadu C. Orissa D. Andhra Pradesh ANSWER: A Look at this series: 3, 4, 7, 8, 11, 12, ... What number should come next? A. 7 B. 10 C. 14 D. 15 ANSWER: D Look at this series: 8, 22, 8, 28, 8, ... What number should come next? A. 9 B. 29 C. 32

D. 34 ANSWER: D Look at this series: 31, 29, 24, 22, 17, ... What number should come next? A. 15 B. 14 C. 13 D. 12 ANSWER: A Look at this series: F2, __, D8, C16, B32, ... What number should fill the blank ? A. A16 B. G4 C. E4 D. E3 ANSWER: C Look at this series: 664, 332, 340, 170, ____, 89, ... What number should fill t he blank? A. 85 B. 97 C. 109 D. 178 ANSWER: D Look at this series: V, VIII, XI, XIV, __, XX, ... What number should fill the b lank? A. IX B. XXIII C. XV D. XVII ANSWER: D Look at this series: 70, 71, 76, __, 81, 86, 70, 91, ... What number should fill the blank? A. 70 B. 71 C. 80 D. 96 ANSWER: A Look at this series: 8, 43, 11, 41, __, 39, 17, ... What number should fill in t he blank? A. 8 B. 14 C. 43 D. 44 ANSWER: B Look at this series: VI, 10, V, 11, __, 12, III, ... What number should fill the blank? A. II B. IV C. IX D. 14 ANSWER: B Look at this series: (1/9), (1/3), 1, ____ , 9, ... What number should fill the blank?

A. (2/3) B. 3 C. 6 D. 27 ANSWER: B Look at this series: 83, 73, 93, 63, __, 93, 43, ... What number should fill the blank? A. 33 B. 53 C. 73 D. 93 ANSWER: B Which of the following Statements is not correct regarding the 'Banking Sector' of India? A. At present there are 26 Nationalized Banks in India. B. Foreign Banks and Regional Rural Banks do not come under the category of Sche duled Commercial Banks. C. Banks have the freedom to regulate their own Savings Bank Deposit interest ra tes. D. Narsimham Committee is related to Banking Sector reforms. ANSWER: B The concept of 'Universal Banking' was implemented in India on the recommendatio ns of: A. Abid Hussain Committee B. R H Khan Committee C. S Padmanabhan Committee D. Y H Malegam Committee ANSWER: B Which among CARE 3.ICRA A. 1 and 3 B. 1, 2 and C. 1, 3 and D. All ANSWER: D the following are the 'Credit-Rating Agencies' of India? 1.CRISIL 2. 4.ONICRA 3 4

Four defensive football players are chasing the opposing wide the ball. Calvin is directly behind the ball carrier. Jenkins e by side behind Calvin. Zeller is behind Jenkins and Burton. he tackle but misses and falls. Burton trips. Which defensive receiver? A. Burton B. Zeller C. Jenkins D. Calvin ANSWER: C

receiver, who has and Burton are sid Calvin tries for t player tackles the

A four-person crew from Classic Colors is painting Mr. Field's house. Michael is painting the front of the house. Ross is in the alley behind the house painting the back. Jed is painting the window frames on the north side, Shawn is on the south. If Michael switches places with Jed, and Jed then switches places with Sh awn, where is Shawn? A. in the alley behind the house B. on the north side of the house C. in front of the house D. on the south side of the house

ANSWER: C In a four-day period Monday through Thursday each of the following temporary off ice workers worked only one day, each a different day. Ms. Johnson was scheduled to work on Monday, but she traded with Mr. Carter, who was originally scheduled to work on Wednesday. Ms. Falk traded with Mr. Kirk, who was originally schedul ed to work on Thursday. After all the switching was done, who worked on Tuesday? A. Mr. Carter B. Ms. Falk C. Ms. Johnson D. Mr. Kirk ANSWER: D Four people witnessed a mugging. Each gave a different description of the mugger . Which description is probably right? A. He was average height, thin, and middle-aged. B. He was tall, thin, and middle-aged. C. He was tall, thin, and young. D. He was tall, of average weight, and middle-aged. ANSWER: B The attainment of individual and organisational goals is mutually interdependent and linked by a common denominator - employee work motivation. Organisational m embers are motivated to satisfy their personal goals, and they contribute their efforts to the attainment of organisational objectives as means of achieving the se personal goals. The passage best supports the statement that motivation A. encourages an individual to give priority to personal goals over organisation al goals. B. is crucial for the survival of an individual and organisation. C. is the product of an individual's physical and mental energy. D. is the external force which induces an individual to contribute his efforts. ANSWER: A Due to enormous profits involved in smuggling, hundreds of persons have been att racted towards this anti-national activity. Some of them became millionaires ove rnight. India has a vast coastline both on the Eastern and Western Coast. It has been a heaven for smugglers who have been carrying on their activities with gre at impunity. There is no doubt, that from time to time certain seizures were mad e by the enforcement authorities, during raids and ambush but even allowing thes e losses the smugglers made huge profits. The passage best supports the statement that A. smuggling hampers the economic development of a nation. B. smuggling ought to be curbed. C. authorities are taking strict measures to curb smuggling. D. smuggling is fast increasing in our country owing to the quick profit it enta ils. ANSWER: D The future of women in India is quite bright and let us hope that they will just ify their abilities by rising to the occasion. Napoleon was right when he declar ed that by educating the women we can educate the whole nation. Because a countr y can never rise without the contribution of 50% of their population. The passage best supports the statement that: A. India is striving hard for the emancipation of women. B. all women should be well educated. C. a nation can progress only when women are given equal rights and opportunitie s as men. D. women ought to be imparted full freedom to prove their worth and contribute t o the progress of the nation.

ANSWER: D Name the city where the Two-day International Workshop on Green National Account ing for India was finished on 6 April 2013. A. Kolkata B. Mumbai C. New Delhi D. Hyderabad ANSWER: C Which of the following Statements is not correct regarding the 'Banking Sector' of India? A. At present there are 26 Nationalized Banks in India. B. Foreign Banks and Regional Rural Banks do not come under the category of Sche duled Commercial Banks. C. Banks have the freedom to regulate their own Savings Bank Deposit interest ra tes. D. Narsimham Committee is related to Banking Sector reforms. ANSWER: B Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan o n 14 March 2013 signed a Memorandum of Understanding (MOU) at Jaipur for setting up a refinery-cum-petrochemical complex at ___________. Fill in the blanks with appropriate option. A. Rajasthan B. Orissa C. Tamil Nadu D. Uttar Pradesh ANSWER: A Where is Morgan Stanley, the American multinational financial services corporati on headquartered? A. New York B. Las Vegas C. Canada D. Texas ANSWER: A Which cricketer's face and signature were engraved on limited edition gold coins o f Valuemart Gold and Jewels? A. Chris Gayle B. Sachin Tendulkar C. Ricky Ponting D. Don Bradman ANSWER: B The Cabinet Committee on Investments has been set-up to address which of the fol lowing___? A. To submit a report on the hurdles creating bottle-necks on the economy B. To boost big ticket investments and untangle red-tapism C. To fast track disinvestment in PSUs D. To attract foreign investment into India to attract foreign investment into I ndia ANSWER: B What is the minimum public shareholding (MPS) mandated by SEBI for Private Compa nies and PSUs respectively? A. 75% and 90% B. 90% and 75% C. 10% and 25%

D. 25% and 10% ANSWER: B Why the A. They B. They C. They D. None ANSWER: Indirect taxes are termed regressive taxing mechanisms? are charged at higher rates than direct taxes are charged the same for all income groups are charged the same for all income groups of the above is a correct reason C

Currently, which among the following products is facing imports ban from China? A. Milk and Milk products B. Rice C. Telecom equipment D. Heavy electrical engineering equipment ANSWER: A What is the minimum public shareholding (MPS) mandated by SEBI for Private Compa nies and PSUs respectively? A. 75% and 90% B. 90% and 75% C. 10% and 25% D. 25% and 10% ANSWER: D Which of the following Price Indices of India is considered for measuring 'Headl ine Inflation'? A. GDP Deflator B. CPI-AL/RL C. CPI-IW D. WPI ANSWER: D Consider the following Statements: 1.Core Inflation is essentially demand driven . 2.Core Inflation includes items that face volatile price movement. Which of th e following Statement(s) given above is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 ANSWER: A Consider the following Statements regarding the Office of Economic Advisor(OEA): 1.It is attached to the Ministry of Finance. 2.The weekly compilation and Publi cation of Wholesale Price Indices (WPI) is done by the Office of Economic Adviso r. Which of the Statement(s) given above is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 ANSWER: B Which among the following is the oldest Public Sector Bank of India? A. Punjab National Bank B. Imperial Bank of India C. Allahabad Bank D. Central Bank of India ANSWER: C Consider the following Statements regarding Non-Banking Finance Institutions(NBF

Cs): 1.NBFCs can also engage in Micro-Finance Activities. 2.Housing-finance comp anies form a distinct sub-group of the NBFCs. 3.The deposit insurance facility o f the Deposit Insurance and Credit Guarantee Corporation is not available for NB FC depositors. Which among the above Statement(s) is/are not correct? A. Only 1 B. 1 and 3 C. All D. None ANSWER: D Which among the following Public Sector Undertakings(PSUs) is the 'fifth' compan y which has been accorded the 'Maharatna' status? A. Coal India Limite(CIL) B. Gas Authority of India Limited (GAIL) C. Power Grid Corporation of India Limited D. Bharat Heavy Electricals Limited (BHEL) ANSWER: A The Reserve Bank of India (RBI), released its June mid-quarter monetary policy o n 17 June 2013. RBI is headquartered in___. A. New Delhi B. Patna C. Mumbai D. Lucknow ANSWER: C As per the World Bank report titled Capital for the Future: Saving and Investmen t in an Interdependent World released on 3 June 2013 which two countries was for ecasted to become the largest investors among various developing nations of the world in the year 2030? A. India and China B. India and Brazil C. China and Brazil D. India and Japan ANSWER: A The Union Cabinet of India on 4 June 2013 approved the Real Estate (Regulation a nd Development) Bill 2013. What is the major objective behind the approval? A. To set up a regulator for the real estate sector in the country B. To protecting home buyers from dishonest builders C. To hear appeals from orders, decisions or directions of regulator and adjudic ating officer by Real Estate Appellate Tribunal. D. All ANSWER: D Cabinet Committee on Economic Affairs (CCEA) on 4 June 2013 approved the revival of the Nagaland Pulp and Paper Company Limited (NPPC) with the infusion of Huge fund. What was the amount? A. 309.38 crore Rupees B. 369.32 Crore Rupees C. 321.56 Crore Rupees D. 256. 56 Crore Rupees ANSWER: A The Union Government of India on 5 June 2013 hiked the import duty on gold to wh at percent from the present 6 percent? A. 7 Percent B. 9.5 Percent C. 8 Percent D. 7.5 Percent

ANSWER: C As per latest Report by the Food & Agriculture Organization (FAO) which country is the largest consumer and producer of Chickpeas in the world? A. Australia B. Myanmar C. Turkey D. India ANSWER: C The Cabinet Committee on Economic Affairs (CCEA) on 9 May 2013 approved the prop osal of the Ministry of Shipping for setting up of two major ports in the countr y. In which Indian state the two ports will be situated? A. West Bengal and Andhra Pradesh B. Himachal Pradesh and Goa C. Tamil Nadu and Kerala D. Gujarat and Meghalaya ANSWER: A What Percent of Equity sale was approved by Coal India Limited in an Inter-Minis terial Group (IMG) on 10 May 2013? A. 13 Percent B. 12 Percent C. 10 Percent D. 16 Percent ANSWER: C By what percentage Retail inflation declined in April 2013 because of reduction in prices of vegetables, edible oil and protein-based items as per the data rele ased on 13 May 2013. A. 9.39 Percent B. 10.39 Percent C. 11.69 Percent D. 7.39 Percent ANSWER: A By what percent the Indian exports grew in the month of April 2013 and stood at 24.16 billion US Dollar. A. 1.6 Percent B. 3.5 Percent C. 4.3 Percent D. 6.4 Percent ANSWER: A What amount of loan is supposed to be provided by Asian Development Bank to Indi a over next 3 years? A. 6 Billion Dollars B. 4.5 Billion Dollars C. 4 Billion Dollars D. 4.8 billion dollars ANSWER: A As per the survey undertake by HSBC, in the month of May 2013, India's services se ctor grew at its slowest pace in one and half years during the month of April 2 013 as costs for raw materials, petrol and labour increased considerably. What w as the downfall in Composite Output Index from 51.4 Percent in March 2013? A. 50.50 Percent B. 50.35 Percent C. 50.23 Percent D. 50.39 Percent

ANSWER: A Market regulator SEBI in May 2013 approved an angel fund to address the problem of resource crisis for start-up companies across the country. What amount of Fun d was approved? A. 10 Million Dollars B. 6 Million Dollars C. 7.5 Million Dollars D. 9 Million Dollars ANSWER: A The Foreign Exchange Earnings (FEEs) from tourism in terms of Rupee in April 201 3 rose by what percent from the one recorded in April 2012? A. 4 Percent B. 5 Percent C. 6.5 Percent D. 7 Percent ANSWER: D Tech Mahindra on 6 May 2013 signed agreement with which South African company to float a new company? A. Falcorp B. Anglo Platinum C. Tongaat Hulett D. Sanlam ANSWER: A Who was named as the new Chief Executive Officer of Spirits Company Diageo on 7 May 2013? A. Franz Humer B. Paul Walsh C. Ivan Menezes D. None of these ANSWER: C Which company became the biggest profit maker on annual list of Fortune 500? A. ExxonMobil B. Walmart C. Chevron D. Apple ANSWER: B Who was appointed as the new Chief Executive Officer of South Africa's AngloGold A shanti on 9 May 2013? A. Mark Cutifani B. TT Mboweni C. TJ Motlats D. Srinivasan Venkatakrishnan ANSWER: D Which mobile company on 8 May 2013 announced launch of Asha 501, a smart phone t o beat the low-cost Android phones in developing markets like India? A. Vodafone B. Nokia C. Reliance D. Tata Indicom ANSWER: B Online information storage firm Evernote asked all users to reset their password s, following a security breach by hackers. What is Evernote?

A. online personal organiser B. external storage system C. external server D. online information storage firm ANSWER: D Facebook Inc on 28 February 2013 announced that it agreed to buy advertising tec hnology from the Microsoft Corp. What is the name of this advertising technology ? A. Atlas Advertiser Suite B. Advertising Suite C. ABX Advertiser D. PPC Advertising ANSWER: A Which company launched a tablet PC called CT910 with 3G SIM as well as a smartph one called A225 in the last week of February 2013? A. Samsung B. Celkon Mobiles C. Motorola D. Zen Mobiles ANSWER: B Mozilla, the software community which is known for producing the Firefox web bro wser, launched Web-based __________ on 24 February 2013? A. Cloud Computing System B. Social Networking Site C. Smartphone Operating System D. Web Browser ANSWER: C Name the managing director for Yahoo India and South East Asia who quit Yahoo on 25 February 2013 citing reasons that he wanted to explore fresh opportunities i n the world of the Internet. A. Arun Tadanki B. Peter Liguori C. Eva Frnstrand D. Alan Chapple ANSWER: A The World Bank in the month of March 2013 barred which company from doing any bu siness with it or the projects funded by it for a period of six months? A. Punj Lloyd Group B. Lanco Infratech Limited C. Larsen & Toubro D. IVRCL Infrastructures & Projects Ltd ANSWER: C The Foreign Investment Promotion Board (FIPB) on 6 March 2013 cleared the invest ment proposal of which Malaysian budget carrier to launch the new airline along with Tata Group and Arun Bhatia's Telestra Tradeplace? A. Cebu Pacific B. AirAsia C. JetStar D. Tiger Airways ANSWER: B Which confectionary giant was slapped with a notice demanding 250 crore Rupees b y the Directorate General of Central Excise Intelligence on the grounds of excis e duty evasion?

A. Cadbury India Ltd B. Wrigley India C. Lotte India D. Perk India Ltd ANSWER: A Which telecom company in the month of March 2013 launched high quality voice ser vice for its subscribers in Kenya, Rwanda, Malawi and Nigeria in the African sub -continent? A. Vodafone B. Reliance C. Idea Cellular D. Bharti Airtel ANSWER: D Microsoft launched the new version of which software for the businesses running in India? This software will facilitate sharing the data seamlessly across the c omputers and mobiles with the help of cloud computing technology. A. MS Office 2009 B. MS Office 365 C. MS Office 2013 D. MS Office 2010 ANSWER: B Look at this series: 2, 1, (1/2), (1/4), ... What number should come next? A. (1/3) B. (1/8) C. (2/8) D. (1/16) ANSWER: B Look at this series: 7, 10, 8, 11, 9, 12, ... What number should come next? A. 7 B. 10 C. 12 D. 13 ANSWER: B Look at this series: 36, 34, 30, 28, 24, ... What number should come next? A. 20 B. 22 C. 23 D. 26 ANSWER: B Look at this series: 15, __, 27, 27, 39, 39, ... What number should fill the bla nk? A. 51 B. 39 C. 23 D. 15 ANSWER: D Look at this series: 72, 76, 73, 77, 74, __, 75, ... What number should fill the blank? A. 70 B. 71 C. 75 D. 78 ANSWER: D

What is used in most programs that is a part of a program and guides the user th rough certain steps? A. Software B. Wizard C. Wiki D. None ANSWER: B A generic name for Intel processors released after the original 8086 processor i s ______ ? A. Pentium B. x86 C. Pentium 286 D. None ANSWER: B A network that is connected to the Internet, but uses encryption to scramble all the data sent through the Internet is called ? A. My network B. Virtual private Network C. Social Network D. None ANSWER: B Ms. Forest likes to let her students choose who their partners will be; however, no pair of students may work together more than seven class periods in a row. A dam and Baxter have studied together seven class periods in a row. Carter and De nnis have worked together three class periods in a row. Carter does not want to work with Adam. Who should be assigned to work with Baxter? A. Carter B. Adam C. Dennis D. Forest ANSWER: A At the baseball game, Henry was sitting in seat 253. Marla was sitting to the ri ght of Henry in seat 254. In the seat to the left of Henry was George. Inez was sitting to the left of George. Which seat is Inez sitting in? A. 251 B. 254 C. 255 D. 256 ANSWER: A As they prepare for the state championships, one gymnast must be moved from the Level 2 team to the Level 1 team. The coaches will move the gymnast who has won the biggest prize and who has the most experience. In the last competition, Robe rta won a bronze medal and has competed seven times before. Jamie has won a silv er medal and has competed fewer times than Roberta. Beth has won a higher medal than Jamie and has competed more times than Roberta. Michele has won a bronze me dal, and it is her third time competing. Who will be moved to the Level 1 team? A. Roberta B. Beth C. Michele D. Jamie ANSWER: B Four friends in the sixth grade were sharing a pizza. They decided that the olde st friend would get the extra piece. Randy is two months older than Greg, who is

three months younger than Ned. Kent is one month older than Greg. Who should ge t the extra piece of pizza? A. Randy B. Greg C. Ned D. Kent ANSWER: C Though the waste of time or the expenditure on fashions is very large, yet fashi ons have come to stay. They will not go, come what may. However, what is now req uired is that strong efforts should be made to displace the excessive craze for fashion from the minds of these youngsters. The passage best supports the statement that: A. fashion is the need of the day. B. the excessive craze for fashion is detrimental to one's personality. C. the hoard for fashion should be done away with so as not to let down the cons tructive development. D. work and other activities should be valued more than the outward appearance. ANSWER: C One of the important humanitarian by-products of technology is the greater digni ty and value that it imparts to human labour. In a highly industrialized society , there is no essential difference between Brahmin and Dalit, Muslim and Hindu; they are equally useful and hence equally valuable for in the industrial society individual productivity fixes the size of the pay cheque and this fixes social status. The passage best supports the statement that: A. technology decides individual's social status. B. castes and religions are man-made. C. human labour has dignity and value. D. all individuals, irrespective of caste and creed, are born equal. ANSWER: C The stage in the product life cycle that focuses on expanding market and creatin g product awareness and trial is the: A. decline stage. B. introduction stage. C. growth stage. D. maturity stage. ANSWER: B Which of the following promotional budget methods wrongly views sales as the cau se of promotion rather than as the result? A. Affordable method B. Percentage-of-Sales method C. Competitive-parity method D. Objective-and-task method ANSWER: B If the field salesforce has been supplied with new leads (via the telephone) tha t have been qualified, they have probably been assisted by: A. master salespersons. B. sales assistants. C. technical support persons. D. telemarketers. ANSWER: D ________________ is setting the price steps between various products in a produc t line based on cost differences between the products, customer evaluations of d ifferent features, and competitors' prices.

A. Optional-product pricing B. Captive-product pricing C. Product line pricing D. By-product pricing ANSWER: C Rolls Royce uses which of the following distribution formats? A. Intensive distribution B. Exclusive distribution C. Selective distribution D. Open distribution ANSWER: B Drop shippers perform which of the following functions? A. Assumes title and ships coal, lumber, or heavy equipment to a buyer. B. Stocks the bread rack in a grocery store. C. Maintains, owns, and stocks a CD display in a grocery store. D. Sells jewelry out of a catalog. ANSWER: A Which Non-Banking Financial Company (NBFC) got in-principal approval from the Re serve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs) in the last week of June 2013? A. USB Financial Corporation Ltd. B. Mahindra& Mahindra Financial Services Ltd. C. Escorts Finance Ltd. D. Muthoot Finance ANSWER: D National Institute of Securities Markets (NISM) signed a Memorandum of Understan ding (MoU) for the purpose of joint promotion of corporate as well as securities market governance with which institute? A. Institute for Banking B. The Institute of Chartered Accountants of India C. The Institute of Company Secretaries of India D. None of These ANSWER: C The concept of 'Universal Banking' was implemented in India on the recommendatio ns of: A. Abid Hussain Committee B. R H Khan Committee C. S Padmanabhan Committee D. Y H Malegam Committee ANSWER: B The performance of a hard drive or other storage device , meaning how long it ta kes to locate a file is called ? A. Response Time B. Access Time C. Quick Time D. None ANSWER: B What growth percent is estimated by World Bank for the Indian Economy during 201 3-14? A. 6 Percent B. 7 Percent C. 8 Percent D. 4 Percent

ANSWER: A What is the number of Fuel Supply Pact signed by Coal India Limited with differe nt Power Plants in Year 2013? A. 46 B. 54 C. 56 D. 53 ANSWER: C The Mayaram panel was constituted to look into which one of the following areas? A. FDI limits in multi brand retail B. FDI limits across various sectors C. FII limits in stock market investment D. None ANSWER: B What is the least average daily per capita expenditure (DPCE) for village and ci ties respectively as per the latest data released by the National Sample Survey Office? A. Rs.17 and Rs.23 B. Rs.21 and Rs.25 C. Rs.15 and Rs.21 D. None ANSWER: A Indian Rupee has touched all-time lows in recent times. Which of the following h olds true in view of falling rupee? A. Helps exports B. Helps imports C. Helps FDI/FII inflows D. None ANSWER: A Which of the following best defines a floating-rate bond? A. A bond with a fixed interest rate and has better yield than varying interest rate bond B. A bond with a fixed interest rate and has lower yield than varying interest r ate bond C. A bond with a varying interest rate and has better yield than fixed interest rate bond D. A bond with a varying interest rate and has lower yield than fixed interest r ate bond ANSWER: D The RBI has decided to auction Inflation Indexed Bonds. The index of these Infla tion Indexed Bonds is pegged to ___? A. WPI B. CPI C. Both WPI and CPI D. None ANSWER: A Samsung, the South Korean giant launched which device in Manhattan's Radio City Music Hall at Unpacked Events 2013 on 14 March 2013? A. Samsung Tab 3 B. Samsung Galaxy Camera C. Samsung Grand 2 D. Samsung Galaxy S4

ANSWER: D Which direct broadcast satellite television provider in the month of March 2013 launched Video on Demand service for its Tata Sky+ HD subscribers? A. Tata Sky B. Airtel Live C. Videocon DTH D. Dish TV ANSWER: A Where did Welspun Energy on 12 March 2013 commissioned Asia's largest solar power project of 50 MW? A. Alwar, Rajasthan B. Chittorgarh, Rajasthan C. Jodhpur, Rajasthan D. Dungarpur, Rajasthan ANSWER: C Which company on 11 March 2013 acquired two gaming companies, Funnel Japan in Ja pan and Busan in South Korea? A. Airtel Games B. SEGA Games C. Techno Trax Games D. Reliance Games ANSWER: D For what purpose did The Rajasthan State Industrial Development and Investment C orporation (RIICO) signed a Memorandum of Understanding (MoU) with South Korean Trade Promotion Agency (KOTRA) on 11 March 2013 in New Delhi? A. For setting up Rajasthan State Industry D. For setting up Korean Industrial Zone C. For setting up Trade Promotion Zone D. None ANSWER: B Which IT company of India signed a deal with India Post for managing the rural o perations platform in order to develop the service delivery platform? A. Wipro B. Satyam C. Infosys D. IBM ANSWER: C Which Government bank of India decided to start around 1200 new branches in Indi a as well as eight overseas branches in financial year 2013-2014? A. The State Bank of India (SBI) B. UCO Bank C. Dena Bank D. The Bank of India ANSWER: A The State Bank of India on 11 March 2013 signed a bilateral term-loan agreement worth 250 million US Dollars or 1350 crore Rupees with which company? A. NTPC Limited B. Oil and Natural Gas Corporation C. Projects and Development India Limited D. Rural Electrification Corporation Limited (REC) ANSWER: D Which mobile company won patent infringement suit against HTC in German Court on

19 March 2013 in the case involving infringement of power-saving patent? A. Samsung B. Nokia C. Motorola D. Apple ANSWER: B Reliance Life Insurance Company (RLIC) announced on 24 March 2013 that it launch ed new ________ called Reliance Life Care for You Advantage Plan. Fill in the bl ank with an appropriate option. A. healthcare product B. life insurance product C. auto insurance product D. none of these ANSWER: A The US Food and Drug Administration (USFDA) lifted import alert on the Hyderabad -based antibiotics facility of which leading pharmaceutical research company of India? A. Ranbaxy B. Aurobindo Pharma C. Cadila Healthcare D. Glenmark Pharmaceuticals ANSWER: B Which feature was added by Google to its Google Play India Page which allows you to download or rent movies? A. Google Play Movies B. Play My Movie C. Rent a Movie D. Watch My Movie ANSWER: A Which largest education company of India, on 26 March 2013 announced completion of the sale of its entire 50% stake in Eurokids International Limited? A. IndiaCan B. Oxfam India C. Everonn Education limited D. Educomp Solutions Ltd ANSWER: D Which insurance giant was fined 30 million Pound by the Financial Services Autho rity (FSA) over AIA bid in March 2013? A. ICICI Lombard B. Reliance Insurance C. Prudential D. AIG Vyasya ANSWER: C Apple in the month of March 2013 bought which indoor GPS mapping firm for 20 mil lion dollars? A. BlueNav B. DirectRoute C. wifiSLAM D. Topo ANSWER: C Public Distribution System(PDS) is operated under the responsibility of the: 1.C entral Government 2.State Governments A. Only 1

B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 ANSWER: C Which of the following agricultural commodity of India gives largest in terms of export value? A. Tea B. Basmati Rice C. Spices D. Cotton ANSWER: B Arrange the following in the descending order of the largest agricultural import s of India: 1.Pulses 2.Wood and Wood Products 3.Edible Vegtable Oils A. 1-2-3 B. 1-3-2 C. 2-1-3 D. 3-2-1 ANSWER: D Consider the following Statements: 1.Indicative Planning is a feature of 'Mixed Economy'. 2.Perspective Planning is used by socialist countries where each and e very aspect of planning is controlled by the State. Which of the above Statement (s) is/are correct? A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2 ANSWER: A What export target was announced by Union Government for the current financial y ear 2013-14 to support the slowdown in the global markets? A. 375 Billon Dollars B. 450 Billion Dollars C. 325 Billion Dollars D. 365 Billion Dollars ANSWER: C As per the Annual Supplement 2013-14 to Foreign Trade Policy (FTP) what is the I ncrease in trade deficit from the 183.4 US Billion Dollar last year? A. 190.91 US Billion Dollars B. 190.65 US Billion Dollars C. 194.65 US Billion Dollars D. 187.32 US Billion Dollars ANSWER: A The Cabinet Committee on Economic Affairs (CCEA) under Union Government on 18 Ap ril 2013 approved a ___________Rupees renewal package for watch and tractor make r company HMT. Complete the sentence. A. 1083 Crore B. 1056 Crore C. 1042 Crore D. 1036 Crore ANSWER: A The Union Cabinet of India on 18 April 2013 gave its approval to the proposal of the Indian Railways for permitting use of its land for __________under ground, on the surface as well as elevated/over ground. A. Crossing Metro Network

B. Crossing bus Corridor C. Crossing Rail Network D. Crossing Air Network ANSWER: A What number of Power Projects was approved by Union Government of India that in clude hydro, thermal & transmission projects with an Investment of 33000 crore r upees ? A. 13 Power Projects B. 15 Power Projects C. 16 Power Projects D. 17 Power Projects ANSWER: A How many business entities were penalized by the Competition Commission of India (CCI) for anti-competitive practices collectively for around 8000 crore Rupees. A. 19 B. 17 C. 15 D. 12 ANSWER: A The British government in the second week of June 2013planned to introduce a new scheme requiring visitors from high risk countries in Africa and Asia, includin g India and Pakistan, to put up a 4600 US dollars cash bond before entering Brit ain. Consider the following statements: i) The bonds, to be introduced from November, will only apply to non-EU migrants . ii) In 2012, 296000 people from India were granted six-month visas. Choose the right option: A. i and ii B. i C. ii D. NONE ANSWER: A SEBI (Securities and Exchange Board of India), the market regulator of India in June 2013 notified guidelines for investment advisers and their associated perso n and made it compulsory for them to get the requisite certifications for them t o operate in stock market. Name the body that will offer certifications for bein g a investment adviser? A. Institute of Securities Markets B. National Institute of Securities Markets C. National Institute of Securities D. National Securities Market Institute ANSWER: B As per the official data released on s based on the Wholesale Price Index y 2013 , which itself is a result of s and a slight rise in the prices of inflation? A. 4.5 Percent B. 4.6 Percent C. 4.7 Percent D. 5.2 Percent ANSWER: C 14 June 2013, the inflation in India that i (WPI) fell to what Percent in percent in Ma decline in the prices of manufactured item food items resulted in the measured fall of

What is the growth percentage of India's food grain production in last nine year s as it went up to 259 million tonnes in 2012-13 from 198.36 million tonnes in 2

004-05 which is a result of government initiatives like National Food Security M ission, NFSM, and Rashtriya Krishi Vikas Yojana? A. 30 Percent B. 45 Percent C. 33 Percent D. 36 Percent ANSWER: A Look at this series: 2, 1, (1/2), (1/4), ... What number should come next? A. (1/3) B. (1/8) C. (2/8) D. (1/16) ANSWER: B Look at this series: 7, 10, 8, 11, 9, 12, ... What number should come next? A. 7 B. 10 C. 12 D. 13 ANSWER: B Look at this series: 36, 34, 30, 28, 24, ... What number should come next? A. 20 B. 22 C. 23 D. 26 ANSWER: B Look at this series: 15, __, 27, 27, 39, 39, ... What number should fill the bla nk? A. 51 B. 39 C. 23 D. 15 ANSWER: D Look at this series: 72, 76, 73, 77, 74, __, 75, ... What number should fill the blank? A. 70 B. 71 C. 75 D. 78 ANSWER: D What is used in most programs that is a part of a program and guides the user th rough certain steps? A. Software B. Wizard C. Wiki D. None ANSWER: B A generic name for Intel processors released after the original 8086 processor i s ______ ? A. Pentium B. x86 C. Pentium 286 D. None ANSWER: B

A network that is connected to the Internet, but uses encryption to scramble all the data sent through the Internet is called ? A. My network B. Virtual private Network C. Social Network D. None ANSWER: B Look at this series: 2, 4, 6, 8, 10, ... What number should come next? A. 11 B. 12 C. 13 D. 14 ANSWER: B Look at this series: 201, 202, 204, 207, ... What number should come next? A. 205 B. 208 C. 210 D. 211 ANSWER: D Look at this series: 544, 509, 474, 439, ... What number should come next? A. 404 B. 414 C. 420 D. 445 ANSWER: A Look at this series: 80, 10, 70, 15, 60, ... What number should come next? A. 20 B. 25 C. 30 D. 50 ANSWER: A Look at this series: 2, 6, 18, 54, ... What number should come next? A. 108 B. 148 C. 162 D. 216 ANSWER: A Look at this series: 5.2, 4.8, 4.4, 4, ... What number should come next? A. 3 B. 3.3 C. 3.5 D. 3.6 ANSWER: D Look at this series: 8, 6, 9, 23, 87 , ... What number should come next? A. 128 B. 226 C. 324 D. 429 ANSWER: D QPO, NML, KJI, _____, EDC A. HGF

B. CAB C. JKL D. GHI ANSWER: A JAK, KBL, LCM, MDN, _____ A. OEP B. NEO C. MEN D. PFQ ANSWER: B BCB, DED, FGF, HIH, ___ A. JKJ B. HJH C. IJI D. JHJ ANSWER: A P5QR, P4QS, P3QT, _____, P1QV A. PQW B. PQV2 C. P2QU D. PQ3U ANSWER: C QAR, RAS, SAT, TAU, _____ A. UAV B. UAT C. TAS D. TAT ANSWER: A DEF, DEF2, DE2F2, _____, D2E2F3 A. DEF3 B. D3EF3 C. D2E3F D. D2E2F2 ANSWER: D Economics is the study of A. production technology B. consumption decisions C. how society decides what, how, and for whom to produce D. the best way to run society ANSWER: C The opportunity cost of a good is A. the time lost in finding it B. the quantity of other goods sacrificed to get another unit of that good C. the expenditure on the good D. the loss of interest in using savings ANSWER: B A market can accurately be described as A. a place to buy things B. a place to sell things C. the process by which prices adjust to reconcile the allocation of resources D. a place where buyers and sellers meet ANSWER: C

Short run average total costs are equal to the sum of _________ and __________ A. short run opportunity costs, profit B. short run variable costs, profit C. short run average variable costs, profit D. short run average variable costs, short run average fixed costs ANSWER: D The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ______________ A. At their lowest points B. When they are declining C. When they are increasing D. When marginal revenue is zero ANSWER: A Holding all factors constant except one and increasing a variable factor is expe cted to lead to steadily decreasing marginal product of that factor. This is an example of A. decreasing returns to scale B. the law of diminishing returns C. constant returns to scale D. an inefficient production technique ANSWER: B In the short run a firm will produce zero output A. price is greater than short run average total B. price is between short run average total cost cost C. price is less than short run average variable D. profit is zero ANSWER: C if __________ cost and short run average variable cost

In a competitive industry each buyer and seller _____________ A. Is a price taker B. Produce different products C. Believes that can influence price D. Prevents the entry of competitors ANSWER: A For a competitive firm, its short run supply curve is ________ and its long run supply curve is __________ A. SMC, LMC B. SMC above SAVC, LMC above LAC C. SMC below SAVC, LMC above LAC D. SMC below SAVC, LMC below LAC ANSWER: B For perfect competition to work there must be A. many buyers and sellers B. a standard product C. free entry and exit D. all ANSWER: D A competitive firms demand curve is A. horizontal B. vertical C. downward sloping D. fairly elastic

ANSWER: A A competitive firm produces a level of output at which _________ A. price is greater than marginal cost B. price equals marginal cost C. price is less than marginal cost D. none ANSWER: B Comparing a monopoly A. produce less at a B. produce more at a C. produce less at a D. produce less at a ANSWER: C and a competitive firm, the monopolist will _______________ lower price lower price higher price lower price

Perfect price discrimination means that every customer ____________ A. buys the same amount B. pays the same price C. contributes the same revenue D. pays what she thinks the product is worth ANSWER: D A monopoly may be self-perpetuating because profits may be used for A. research B. cost-saving C. technical advance D. all ANSWER: D All of the following are types of imperfect competition except A. monopolistic competition B. oligopoly C. monopoly D. unfair competition ANSWER: D A natural monopoly has a declining ________ over a large range of output A. long run marginal cost B. short run marginal cost C. long run average cost D. long run marginal cost ANSWER: C When a market is contestable, incumbent firms must _____________ to avoid the en try of new competitors A. behave like competitive firms B. agree to act together C. differentiate their products D. practise price discrimination ANSWER: A The reason for the A. The oligopolist output reductions B. The oligopolist output reductions C. The oligopolist rises D. The oligopolist kinked demand curve is that believes that competitors will match output increases but not believes that competitors will match price increases but not believes that competitors will match price cuts but not price believes that competitors will match price increases but not

output increases ANSWER: C The Prisoners' A. players are B. monopoly is C. people will D. players are ANSWER: D Dilemma Game demonstrates that better off to act independently better than competition always cheat better off if they co-operate

In Nash equilibrium each player chooses the best strategy __________ A. assuming other players move first B. dominated by the other players C. given the strategies of other players D. that is a credible threat ANSWER: C A dominant strategy is ____________ A. a winning strategy B. a losing strategy C. a players best strategy when moving first D. a player's best strategy whatever the strategies adopted by rivals ANSWER: D The substitution effect of a rise in the price of labour will ___________ the qu antity of labour and the output effect will __________ it A. increase, increase B. increase, reduce C. reduce, reduce D. reduce, increase ANSWER: C A profit-maximizing firm will hire labour until __________ equals the __________ __ A. marginal revenue, marginal cost B. long run marginal revenue, long run marginal cost C. labour output ratio, capital output ratio D. marginal cost of labour, marginal revenue product ANSWER: D The downward sloping marginal physical product of labour is the firm's _________ __ A. supply of labour B. short-run demand curve for labour C. marginal cost of labour D. marginal revenue product of labour ANSWER: B The participation rate in the labour force is affected by A. higher real wages B. lower fixed costs of working C. lower non-labour income D. ALL ANSWER: D Top footballers tend to earn more than lecturers because A. footballers give more entertainment B. lecturers are lazy C. the labour markets are imperfect D. top footballers are relatively scarce in relation to lecturers

ANSWER: D Human capital can be described as A. the tools used by workers to enhance productivity B. a persons inherited abilities C. the stock of expertise accumulated by a worker D. education ANSWER: C The most important source of wage differentials are A. regional variation B. unionization C. relative danger D. skills ANSWER: D Skilled labour is relatively scarce because A. there are too few teachers B. too few student places in higher education C. It is costly to acquire human capital D. teachers' salaries are too low ANSWER: C The opportunity cost of acquiring education is ____________ A. course fees B. course fees and living expenses C. the earnings foregone D. course fees, living expenses and textbooks ANSWER: C By restricting labour A. increase the wage, B. maintain the wage, C. increase the wage, D. maintain the wage, ANSWER: C supply a trade union can ____________ and ___________ increase employment increase employment lower employment lower employment

In the UK under a _________ of the labour force belong to a trade union A. quarter B. Third C. half D. three-quarters ANSWER: B Unions achieve a higher wage differential the more _______________ and the more ___________ A. inelastic the demand for labour, they can restrict the supply of labour B. members they have, aggressive they behave C. the economy is growing, people prefer leisure D. the productivity s growing, vacancies exist ANSWER: A Women and non-whites on average receive lower incomes than white men because A. they tend to work in relatively unskilled jobs B. educational disadvantage C. firms are reluctant to invest in training D. all ANSWER: D In the UK, in recent years, union membership has _________ and days of work lost

because of strikes has __________ A. grown, declined B. declined, declined C. declined, grown D. grown, grown ANSWER: B Involuntary unemployment exists if workers A. will not work at the offered wage B. Would work at the going wage but cant find jobs C. Will not work because the hours are anti-social D. Are not prepared to move house to get the job ANSWER: B Efficiency wages are _________ that raise ___________ A. low wages, employment B. high wages, labour supply C. high wages, productivity D. high wages, employment ANSWER: A The difference between gross investment and net investment is A. depreciation of the existing capital stock B. productive investmen C. dwellings D. inventories ANSWER: A The cost of using capital services is the ___________________ A. wage rate of capital B. interest charges C. marginal capital cost D. rental rate for capital ANSWER: D The value of an asset depends upon A. its scrap value B. its depreciation C. the present value of the future stream of income it can earn D. the cost of loans ANSWER: C The marginal revenue product of capital is the __________________ A. change in a company's balance sheet when it acquires new plant B. additional value of output from using more capital C. change in a company's share price D. changing value of the capital stock ANSWER: B In the short run, the supply of capital is ____________ and in the long run will depend on ____________ A. variable, technology B. fixed, expectations C. fixed, rental rate of capital D. variable, interest rates ANSWER: C If workers get a real wage increase this will likely _______________ and _______ _____ A. encourage the use of more capital in the long run, reduce demand for all inpu

ts B. encourage the use of more capital, increase demand for all inputs C. encourage the use of less capital, reduce demand for all inputs D. encourage the use of less capital, reduce demand for all inputs ANSWER: C Land will be allocated between competing uses so that _______________ A. housing gets priority B. industry gets priority C. farming gets priority D. the equilibrium rental rate equilibrates total demand with supply ANSWER: D Different capital intensity in different industries is mainly explained by _____ ____ and _________ A. wage differentials, skill levels B. technology, the ease of factor substitution C. government grants, international competition D. patents, skill shortages ANSWER: B In the insurance industry, high-risk customers are more likely to take out insur ance. This is an example of A. moral hazard B. risk aversion C. adverse selection D. a poor gamble ANSWER: C Look at this series: 53, 53, 40, 40, 27, 27, ... What number should come next? A. 12 B. 14 C. 27 D. 53 ANSWER: B Look at this series: 21, 9, 21, 11, 21, 13, 21, ... What number should come next ? A. 14 B. 15 C. 21 D. 23 ANSWER: B Look at this series: 58, 52, 46, 40, 34, ... What number should come next? A. 26 B. 28 C. 30 D. 32 ANSWER: B Look at this series: 3, 4, 7, 8, 11, 12, ... What number should come next? A. 7 B. 10 C. 14 D. 15 ANSWER: D Look at this series: 8, 22, 8, 28, 8, ... What number should come next? A. 9

B. 29 C. 32 D. 34 ANSWER: D Look at this series: 31, 29, 24, 22, 17, ... What number should come next? A. 15 B. 14 C. 13 D. 12 ANSWER: A Look at this series: 1.5, 2.3, 3.1, 3.9, ... What number should come next? A. 4.2 B. 4.4 C. 4.7 D. 5.1 ANSWER: C Look at this series: 14, 28, 20, 40, 32, 64, ... What number should come next? A. 52 B. 56 C. 96 D. 128 ANSWER: B SCD, TEF, UGH, ____, WKL A. CMN B. UJI C. VIJ D. IJT ANSWER: C B2CD, _____, BCD4, B5CD, BC6D A. B2C2D B. BC3D C. B2C3D D. BCD7 ANSWER: B FAG, GAF, HAI, IAH, ____ A. JAK B. HAL C. HAK D. JAI ANSWER: A ELFA, GLHA, ILJA, _____, MLNA A. OLPA B. KLMA C. LLMA D. KLLA ANSWER: D CMM, EOO, GQQ, _____, KUU A. GRR B. GSS C. ISS D. ITT ANSWER: C

ZA5, Y4B, XC6, W3D, _____ A. E7V B. V2E C. VE5 D. VE7 ANSWER: D In a free market __________ ___________ A. governments intervene B. governments plan production C. governments interfere D. prices adjust to reconcile scarcity and desires ANSWER: D In the mixed economy A. economic problems are solved by the government and market B. economic decisions are made by the private sector and free market C. economic allocation is achieved by the invisible hand D. economic questions are solved by government departments ANSWER: A Normative economics forms ___________ based on _____________ A. positive statements, facts B. opinions, personal values C. positive statements, values D. opinions, facts ANSWER: B Microeconomics is concerned with A. the economy as a whole B. the electronics industry C. the study of individual economic behaviour D. the interactions within the entire economy ANSWER: C Macroeconomics is the study of ___________________ A. individual building blocks in the economy B. the relationship between different sectors of the economy C. household purchase decisions D. the economy as a whole ANSWER: D Data are important in economics because __________ and __________ A. they suggest relationships for explanation, allow testing of hypotheses B. They can be used for tables, they can be graphed C. they can be used in computers, governments use them D. they provide interesting information, can be summarised ANSWER: A Time series data show information A. about the same point in time over different places B. about different points in time over the same variable C. about different variables over different places D. about different points in time over different places ANSWER: B The retail price index is used to ______________ A. construct price lists B. compare shop prices

C. measure changes in the cost of living D. none ANSWER: C A real value A. adjusting B. adjusting C. adjusting D. adjusting ANSWER: D can for for for for be derived from a nominal value by changes over time data collection errors population changes changes in prices

If your income during one year is Rs. 10,000 and the following year it is Rs. 12 ,000, then it has grown by A. 20% B. 2% C. 12% D. 16% ANSWER: A A straight-line diagram can be drawn knowing the ______ and _________ A. vertical axis and horizontal axis B. intercept and slope C. scale and slope D. intercept and scale ANSWER: C On a graph, a positive linear relationship A. moves down to the right B. moves up to the left C. moves up to the right D. moves down to the left ANSWER: C If the diagram of a line shows that lower values on the vertical scale are assoc iated with higher values on the horizontal scale, this is an example of ________ _____ A. a nonlinear relationship B. a positive linear relationship C. a scatter diagram D. a negative linear relationship ANSWER: D When we know the quantity of a product that buyers wish to purchase at each poss ible price, we know A. Demand B. Supply C. Excess demand D. Excess supply ANSWER: A The equilibrium price clears the market; it is the price at which ________ _____ ____ A. Everything is sold B. Buyers spend all their money C. Quantity demanded equals quantity supplied D. None ANSWER: C When a market is in equilibrium A. Quantity demanded equals quantity supplied

B. Excess demand and excess supply are zero C. The market is cleared by the equilibrium price D. All ANSWER: D ________ and ________ do not directly affect the demand curve A. the price of related goods, consumer incomes B. consumer incomes, tastes C. the costs of production, bank opening hours D. the price of related goods, preferences ANSWER: C A demand curve can shift because of changing A. incomes B. prices of related goods C. tastes D. all ANSWER: D A supply curve is directly affected by A. technology B. input costs C. government regulation D. all ANSWER: D If a price increase of good A increases the quantity demanded of good B, then go od B is a A. substitute good B. complementary good C. bargain D. inferior good ANSWER: A An increase in consumer income will increase demand for a _______ but decrease d emand for a _________ A. substitute good, inferior good B. normal good, inferior good C. inferior good, normal good D. normal good, complementary good ANSWER: B The price elasticity of demand measures ________________ A. the responsiveness of quantity demanded to a change in price B. how far a demand curve shifts C. a change in price D. a change in quantity demanded ANSWER: A IF demand is ___________ then price cuts will __________ spending A. inelastic, increase B. elastic, increase C. elastic, decrease D. none ANSWER: B Positive cross-elasticities suggest that goods are _________ and negative crosselasticities that goods are __________ A. substitutes, inferior B. normal, complements

C. substitutes, complements D. normal, inferior ANSWER: C A measurement showing how quantity demanded varies with income is the A. price elasticity of demand B. cross-price elasticity of demand C. budget elasticity of demand D. income elasticity of demand ANSWER: D Inferior goods have ___________ and luxury goods have ____________ A. negative income elasticities, income elasticities greater than 1 B. income elasticities greater than 1, negative income elasticities C. positive income elasticities, negative income elasticities D. none ANSWER: A If your income doubles and the prices of the goods you buy double, then your dem and for these goods will likely ________ A. increase B. not change C. decrease D. shift ANSWER: B The income effect of a price increase of a normal good is to __________ of that good and the substitution effect is to _______ of that good A. increase quantity demanded, reduce quantity demanded B. increase quantity demanded, increase quantity demanded C. reduce quantity demanded, reduce quantity demanded D. reduce quantity demanded, increase quantity demanded ANSWER: C The opportunity cost of a student is A. Course fees and rent B. A loan from the bank C. What the student could have earned in the best job available by not studying D. What the student will earn after graduation ANSWER: C Economics assumes that people consume goods and services to achieve A. Status B. Prestige C. Utility D. Self-esteem ANSWER: C The extra utility from consuming one more unit of a good is called A. Marginal utility B. Additional utility C. Surplus utility D. Bonus utility ANSWER: A Adding up the quantities demanded of a good by different people facing the same price gives us the A. Supply curve B. Market demand curve C. Demand curve

D. Market supply curve ANSWER: B Firms are assumed to _________ costs and to _________ profits A. incur, desire B. pay, make C. charge, earn D. minimize, maximize ANSWER: D The increase in total cost when one more unit is produced is known as A. marginal cost B. opportunity cost C. limited cost D. average cost ANSWER: A Marginal revenue is the _________ when output is ____________ A. change in average revenue, increased B. change in total revenue, increased by one unit C. change in average revenue, increased by one unit D. change in total revenue, increased ANSWER: B Profits are maximized when _________________ A. costs are minimized B. revenue is maximized C. average cost is less than average revenue D. marginal cost equals marginal revenue ANSWER: D If a firm's wage costs increase this will cause __________ and ________ A. marginal cost to increase, output to fall B. marginal revenue to increase, output to fall C. opportunity cost to increase, the firm will close D. average cost will rise, output will increase ANSWER: A An upward shift in marginal cost ________output and an upward shift in marginal revenue ________ output A. reduces, reduces B. reduces, increases C. increases, increases D. increases, reduces ANSWER: B A firm that breaks even after all economic costs are paid is earning A. Economic profit B. Accounting profit C. Normal profit D. Supernormal profit ANSWER: C A firm that makes profit in addition to normal profit is making A. Economic profit B. Accounting profit C. Normal profit D. Supernormal profit ANSWER: D

If both marginal cost and marginal revenue increase, a firm __________ A. should increase output B. should reduce output C. will require further information on how to respond D. should not change output ANSWER: C A production technique is technically efficient if A. output is maximized B. inputs are minimized C. there is no way to make a given output using less of one input and no more of the other inputs D. costs are minimized ANSWER: C Decreasing returns to scale means that ___________ as ______________ A. short run marginal costs rises, output rises B. long run marginal cost rises, output rises C. short run average cost rises, output rises D. long run average cost rises, output rises ANSWER: D If a long run average cost curve is falling from left to right this is an exampl e of A. increasing returns to scale B. decreasing returns to scale C. constant returns to scale D. the minimum efficient scale ANSWER: A If a firm is not operating at the output necessary to achieve all scale economie s, it has not achieved its A. Efficient scale B. Average efficient scale C. Maximum efficient scale D. Minimum efficient scale ANSWER: D When average cost is falling marginal cost is __________ and when average cost i s rising marginal cost is __________ A. greater than average cost, greater than average cost B. less than average cost, greater than average cost C. less than average cost, less than average cost D. greater than average cost, less than average cost ANSWER: B The firms long run output decision will be where A. long run average cost is lowest B. marginal revenue equals output C. marginal revenue equals long run marginal cost D. marginal cost equals output ANSWER: C