Highlights of Union Budget 2010-11

Finance Minister Pranab Mukherjee presented the Union Budget 2010-11 in parliament on Monday(28-02-2011). Here are some of the highlights: Exemption limit for the general category of individual taxpayers enhanced from Rs 1,60,000 to Rs 1,80,000. For senior citizens, the qualifying age reduced to 60 years from the present 65 years and exemption limit raised to Rs 2.50 lakh. Citizens over 80 years to have exemption limit of Rs 5 lakh. No Change in women tax exemption limit i.e1,90,000.

Total expenditure proposed at Rs 12, 57,729 crore. Increase of 18.3 per cent in total Plan allocation i.e Rs 4, 41,547 crores . Increase of 10.9 per cent in the Nonplan expenditure i.e Rs 8, 16,182 crores. Indian economy expected to grow at 9 per cent with an outside band of +/- 0.25 per cent in 2011-12. Gross Domestic Product (GDP) estimated to have grown at 8.6 per cent in 2010-11 in real terms. Fiscal Deficit brought down from 5.5 per cent in BE 2010-11 to 5.1 per cent of GDP in RE 2010-11. Fiscal Deficit kept at 4.6 per cent of GDP for 2011-12. Fiscal Deficit to be progressively reduced to 3.5 per cent by 2013-14.

Effective Revenue Deficit estimated at 2.3 per cent of GDP in the Revised Estimates for 2010-11 and 1.8 per cent for 2011-12. Priority sector home loans limit raised to Rs. 25 lakh from Rs. 20 lakh. Current surcharge of 7.5 per cent on domestic companies proposed to be reduced to 5 per cent. Rate of Minimum Alternative Tax proposed to be increased from 18 per cent to 18.5 per cent of book profits. Central Excise Duty to be maintained at standard rate of 10 per cent. Disinvestment in 2011-12 seen at 400 billion rupees. Provision of Rs 1,64,415 crore, including Rs 69,199 crore for capital expenditure to be made for Defence Services in 2011-12. Rs 6,000 crore to be provided during 2011-12 to enable public sector banks to maintain a minimum of Tier I CRAR of 8 per cent. Rs 500 crore to be provided to enable Regional Rural Banks to maintain a CRAR of at least 9 per cent as on March 31, 2012. Rs 5,000 crore to be provided to SIDBI for refinancing incremental lending by banks to these enterprises. Rs 3,000 crore to be provided to NABARD to provide support to handloom weaver co-operative societies which have become financially unviable due to nonrepayment of debt by handloom weavers facing economic stress. Allocation under Rashtriya Krishi Vikas Yojana (RKVY) increased from Rs 6,755 crore to Rs 7,860 crore. Credit flow for farmers raised from Rs 3,75,000 crore to Rs 4,75,000 crore in 2011-12. Allocation of Rs 2,14,000 crore for infrastructure in 2011-12. This is an increase of 23.3 per cent over 2010-11.This also amounts to 48.5 per cent of total plan allocation. National Food Security Bill (NFSB) to be introduced in the Parliament during the course of this year. Allocation for social sector in 2011-12 (` 1,60,887 crore) increased by 17 per cent over current year. It amounts to 36.4 per cent of total plan allocation. Allocation for social sector in 2011-12 (` 1,60,887 crore) increased by 17 percent over current year. It amounts to 36.4 per cent of total plan allocation. Allocation for Bharat Nirman programme proposed to be increased by ` 10,000 crore from the current year to Rs 58,000 crore in 2011-12.

Plan to provide Rural Broadband Connectivity to all 2,50,000 Panchayats in the country in three years. From 1st April, 2011, remuneration of Anganwadi workers increased from Rs 1,500 per month to Rs 3,000 per month and for Anganwadi helpers from Rs 750 per month to Rs 1,500 per month. Allocation for primitive Tribal groups increased from Rs185 crore in 2010-11 to Rs 244 crore in 2011-12. 21,000 crore allocated to Sarva Shiksha Abhiyan, which is 40 per cent higher than Budget for 2010-11. Target of providing banking facilities to all 73,000 habitations having a population of over 2,000 to be completed during 2011-2012. Eligibility for pension under Indira Gandhi National Old Age Pension Scheme for BPL beneficiaries reduced from 65 years of age to 60 years. Those above 80 years of age will get pension of Rs 500 per month instead of ` 200 at present. Rs 200 crore proposed to be allocated for Green India Mission from National Clean Energy Fund. Rs 200 crore proposed to be allocated for launching Environmental Remediation Programmes from National Clean Energy Fund. Special allocation of ` 200 crore proposed to be provided for clean-up of some more important lakes and rivers other than Ganga. Rs 8,000 crore provided in current year for development needs of Jammu and Kashmir. Allocation made in 2011-12 to meet the infrastructure needs for Ladakh (` 100 crore) and Jammu region (` 150 crore). A new scheme with an outlay of ` 300 crore to be launched to provide assistance to States to modernise their stamp and registration administration and roll out estamping in all the districts in the next three years. A new simplified form Sugam to be introduced to reduce the compliance burden of small tax payers falling within presumptive taxation.

Highlights of Economic Survey 2010-11

The Economic Survey of India 2010-11 was tabled by the Union Finance Minister of India Pranab Mukherjee on 25 February 2011. Here are the some of the highlights of Economic survey: The Survey predicted the 9% growth for Indian economy in the next fiscal and estimated 8.6 percent growth in this financial year.

As per the survey, the inflation stood at 8.23 per cent in January 2011. The economic Survey of India stated that the trade gap has narrowed to over 82 billion US dollars in the first nine months of the current fiscal and gross fiscal deficit is at 4.8 per cent which is 1.5 percent less than last fiscal(6.3%). The Survey stated that the spending in social sector programmes increased by five percent of the GDP over past five years. The Survey pointed out that Forex reserves of India are estimated to be over 297 billion US dollars. This is mainly due to growth in export sector. Agriculture likely to grow at 5.4% in 2010-11.(For complete details Click here) Industrial output grows by 8.6% ; manufacturing sector registers 9.1%. Exports in April-December 2010 up by 29.5 %.

Banking Terms
1. What is a Repo Rate? A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive. 2. What is Reverse Repo Rate? A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. 3. What is CRR Rate? A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.3 4. What is SLR Rate? A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage

of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently. 5. What is Bank Rate? A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply. 6. What is Inflation? A: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods. 7. What is Deflation? A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period. 8. What is PLR? A: The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the first day of each respective month. Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate. 9. What is Deposit Rate? A: Interest Rates paid by a depository institution on the cash on deposit. Policy Rates: Bank Rate: 6.00% Repo Rate: 5.25% Reverse Repo Rate: 3.75% Reserve Ratios:

 CRR: 6.00% SLR: 25.0% Lending/Deposit Rates: PLR: 11.00%-12.00%. Deposit Rate: 6.00%-7.50%. . Savings Bank rate: 3.5%. Note: Rates as on 14-05-10. 10. What is FII? A: FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in Indian market, in other words buying Indian stocks. FII's generally buy in large volumes which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc. 11. What is FDI? A: FDI (Foreign Direct Investment) occurs with the purchase of the physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control (Or) A foreign company having a stake in a Indian Company. 12. What is IPO? A: IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges. 13. What is Disinvestment? A: The Selling of the government stake in public sector undertakings. 14. What is Fiscal Deficit? A: It is the difference between the governments total receipts (excluding borrowings) and total expenditure. Fiscal deficit in 2009-10 is proposed at 6.8% of GDP. 15. What is Revenue deficit? A: It defines that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by the government. Revenue deficit in 2009-10 is proposed at 4.8% of GDP. 16. What is GDP? A: The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year. GDP during 2008-09 is 6.7%. 17. What is GNP?

A: Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market. 18. What is National Income? A: National Income is the money value of all goods and services produced in a country during the year. 19. What is Per Capita Income? A: The national income of a country, or region, divided by its population. Per capita income is often used to measure a country's standard of living.Per capita income during 2008-09 estimated by CSO: Rs.25, 494. 20. What is Vote on Account? A: A vote-on account is basically a statement ,where the government presents an estimate of a sum required to meet the expenditure that it incurs during the first three to four months of an election financial year until a new government is in place, to keep the machinery running. 21. Difference between Vote on Account and Interim Budget? A: Vote-on-account deals only with the expenditure side of the government's budget, an interim Budget is a complete set of accounts, including both expenditure and receipts. 22. What is SDR? A: The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRs are allocated to member countries and can be fully converted into international currencies so they serve as a supplement to the official foreign reserves of member countries. Its value is based on a basket of key international currencies (U.S. dollar, euro, yen and pound sterling). 23. What is SEZ? A: SEZ means Special Economic Zone is the one of the part of governments policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people. For More Banking & Finance Terms click here.

What is corporate governance? (For more click here) The way in which a company is governed and how it deals with the various interests of its customers, shareholders, employees and society at large. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the

way a corporation (or company) is directed, administered or controlled.Is defined as the general set of customs, regulations, habits, and laws that determine to what end a firm should be run. Functions of RBI? The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks. What is monetary policy? A Monetary policy is the process by which the government, central bank, of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. What is Fiscal Policy? Fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure. What is Core Banking Solutions? Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and

information technology are merged to suit core needs of banking is known as Core Banking Solutions. What is bank and its features and types? A bank is a financial organization where people deposit their money to keep it safe.Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner. Regional Rural Banks were established with an objective to ensure sufficient institutional credit for agriculture and other rural sectors. The RRBs mobilize financial resources from rural / semi-urban areas and grant loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans. The area of operation of RRBs is limited to the area as notified by GoI covering one or more districts in the State. ii. Banking services for individual customers is known as retail banking. iii. A bank that deals mostly in but international finance, longterm loans for companies and underwriting. Merchant banks do not provide regular banking services to the general public iv. Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank. v. Mobile Banking is a service that allows you to do banking transactions on your mobile phone without making a call , using the SMS facility. Is a term used for performing balance checks, account transactions, payments etc. via a mobile

device such as a mobile phone. vi. Traditional banking is the normal bank accounts we have. Like, put your money in the bank and they act as a security and you will get only the normal interests (decided by RBI in our case, FED bank in US). vii. Investment banking is entirely different. Here, people who are having so much money (money in excess which will yield only less interest if in Banks) will invest their money and get higher returns. For example, If i have more money instead of taking the pain of investing in share market, buying properties etc. I will give to investment banks and they will do the money management and give me higher returns when compared to traditional banks. What is E-Governance? E-Governance is the public sectors use of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable,transparent and effective. What is Right to information Act? The Right to Information act is a law enacted by the Parliament of India giving citizens of India access to records of the Central Government and State overnments.The Act applies to all States and Union Territories of India, except the State of Jammu and Kashmir - which is covered under a State-level law. This law was passed by Parliament on 15 June 2005 and came fully into force on 13 October 2005. Credit Rating Agencies in India? The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerly referred to the Investment Information and Credit Rating Agency of India Limited. Their main function is to grade the different sector and companies in terms of performance and offer solutions for up gradation. The credit

rating agencies in India mainly include ICRA and CRISIL(Credit Rating Information Services of India Limited) What is Cheque? Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor's name with that Bank.A bill of exchange drawn on a specified banker and payable on demand.Written order directing a bank to pay money. What is demand Draft? A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not. Cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals. What is a NBFC? A non-banking financial company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. NBFCs are doing functions akin to that of banks; however there are a few differences: (i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand -- immediately or within a very short period -- like your current or savings accounts.) (ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its customers; and (iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks. Diff between banking & Finance?

Finance is generally related to all types of financial, this could be accounting, insurances and policies. Whereas banking is everything that happens in a bank only.The term Banking and Finance are two very different terms but are often associated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers. What is NASSCOM ? The National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Maintaining close interaction with the Government of India in formulating National IT policies with specific focus on IT software and services maintaining a state of the art information database of IT software and services related activities for use of both the software developers as well as interested companies overseas. Mr. Som Mittal President. Chairman-Pramod Bhasin What is ASSOCHAM? The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues. President-Swati Piramal What is NABARD? NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agency to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit

flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. What is SIDBI? The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. What is SENSEX and NIFTY? SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index. An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down. What is SEBI? SEBI is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament. Chaired by C B Bhave. What is Mutual funds? Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually. What is Asset Management Companies? A company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management

companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients. What are non-perfoming assets? Non-performing assets, also called non-performing loans, are loans,made by a bank or finance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments. What is Recession? A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is negative for a period of two or more consecutive quarters. What is foreign exchange reservers? Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, the term in popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve positions.
Posted by Varun Reddy at 17:57 12. The International Monetary Fund on Jan 25 raised growth forecast for global economy to 4.4 per cent while retaining the projection for India at ----percent for calendar year 2011. The multilateral lender International Monetary Fund (IMF), however, cautioned that downside risks to global recovery remain elevated 1. 7.8 2. 8 3. 8.4 4. 9 5. None of these 10. Who has been appointed as the new chairman of the Securities Exchange Board of India (SEBI)?

1. NK Sinha 2. Sushma Seth 3. Darshan Meheta 4. UK Sinha 5. None of these 19. Who has been appointed as Indias first woman finance secretary? 1) Sushma Nath 2) Kavita Choudhry 3) Chokila Lyer 4) Arundhati Ghosh 5) None of these 20. Mane the Manila-based bank which has agreed extend an aid quantum of $7.4 billion to India for developing its infrastructure for a three-year period (2011-13). 1) World Bank 2) IMF 3) IBRD 4) Asian Development Bank 5) None of these 21. What percentage of its total crude oil is imported by India? 1) 40% 2) 50% 3) 60% 4) 80% 5) None of these 23. At present, what is RBIs share in NABARD equity? 1) 100% 2) 74% 3) 51% 4) 1% 5) None of these

24. Who has been appointed as the first chief of the national green tribunal (NGT)? 1. Dhanendra Kumar 2. Lokeshwar Singh 3. Sushma Nath 4. Sam Pitroda 5. None of these 25. Smart Money is a team used for? 1. Credit cards 2. Mobile Banking 3. Internet Banking 4. Electronic Cheques 5. None of these 26. India has become the largest recipient of the World Bank loans during fiscal ending June 2010. The country which follows India is 1. Argentina 2. Brazil 3. Mexico 4. South Africa 5. None of these 27. India has finally woken up to the needs of the countrys elderly. With the number o people in the 60-plus age group in India excepted to increase to 100 million in 2013 and to 198 million in 2030, the health ministry is all set to roll out the 1. National Program for Health care for the Elderly 2. National program for Senior Citizens 3. National Program for Old Aged 4. Rashtriya Vriddha Swasthya Yojana 5. None of these 28. India has missed the National Health Policy target to eliminate kala-azarthe delay parasitic transmitted through the bite of a sandfly--- by 2010. Now, the Union health ministrys new target is to eliminate or reduce the number of kala-azar cases to 1 per 10,000 populations by 1. 2010

2. 2012 3. 2015 4. 2017 5. None of these 29. Which of the following has overtaken ICICI prudential to become Indias largest private insurance in terms of first-year premium collection, garnering a new business of Rs. 4,651 crores? 1. SBI life 2. Aviva 3. Apollo Munich 4. Bajaj Allianz 5 None of these 30. In accordance with the Centers policy to open more banks in rural areas, a target has set to open at least one bank branch in each of the 72,000 villages in the country by 1. 2012 2. 2013 3. 2014 4. 2015 5. None of thee 31. Clearing a protracted uncertainty over Indias largest-even foreign direct investment, the union Environment Ministry gave its approval to South Korean steel major POSCOs proposed iron-and-steel plant in 1. Jharkhand 2. West Bengal 3. Chhattisgarh 4. Orissa 5. None of these 32. Satisfied with the ongoing polio campaign in India, Bill gates, co-chair of the Bill and Melinda Gates foundation, is hopeful that India could eliminate the delay virus in the next two years. So far, only four countries are infected with the virus. Which of the following is not among them? 1. India 2. Pakistan

3. Sri Lanka 4. Afghanistan 5. Nigeria 33. Name of the actor-turned-politician who with much fanfare launched the Praja Rajyam (PRP) in 2008 as an alternative to the Congress and Telgu Desam Party in Andhra Pradesh and to protect the poor and social justice and fight corruption on Feb 6 announced the PRPs manager with the Congress without any pre-condition 1. Chiranjeevi 2. Rajnikant 3. Mohanlal 4. Mamooty 5. None of these 34. The potential for enhancing collaborative polar research between India and Norway is immense. This was the message of the Indo-Norwegian meeting titled----- on Feb 3, which included an exhibition and a seminar, and was organized by the Ministry of Earthy Sciences and the Royal Norwegian Embassy in collaboration with the Ministrys National Centre for Antartic and Ocean Research (NCAOR), Goa, and the Norwegian Polar Institute, Tromso. 1. Nation to Nation 2. Hope to Hope 3. Pole to Pole 4. Dream to Dream 5. None of these. 35. Name the first woman Secretary-General of SAARC. 1. FATHIMATH Dhiyana Saeed 2. Mariana Babar 3. Illina Khan 4. Nirupama Rao 5. None of these. 36. Who is the Registrar-General and Census Commissioner of India? 1. C. Chandramauli 2. Vinod Rai 3. Balmiki Prasad Singh 4. Anand Sinha

5. None of these. 37. An anti-corruption tribunal of the ICC has banned former Pakistan captain Salman Butt for -----years, Mohammad Asiffor----years and Mohammad Amir for -----years for their role in a spot-fixing betting scam. 1. 19, 7, 5 2. 7, 5, 3 3. 7, 5, 10 4. 5, 7, 10 5. None of these. 38. Which of the following teams has won the Duleep Trophy in Visakhapatnam on Feb 5? 1. East Zone 2. West Zone 3. South Zone 4. North Zone 5. None of these. 39. Match the following correctly: List I (Books) List II (Authors) A. Leadership in Crisis (i) Bobby Jindal B. Decision Points (ii) George Bush C. Womens Cricket World (iii) Anjum Chopra D. Open (iv) Andre Agassi ABCD 1) (i) (ii) (iii) (iv) 2) (ii) (iii) (iv) (i) 3) (iii) (iv) (i) (ii) 4) (iv) (i) (ii) (iii) 5) (iv) (iii) (ii) (i) 40. Who among the following Indian women have been ranked as the most powerful women of the past century by Time magazine? 1) Indira Gandhi and Mother Teresa 2) Indira Gandhi and Sonia Gandhi

3) Mother Teresa and Sonia Gandhi 4) Indra Nooyi and Kiran Mazumdar-Shaw 5) Naina Lal Kidwai and Indra Nooyi 41. What is the rank of India in UNDPs 20th Human Development Report 2010? 1) 126 2) 214 3) 122 4) 120 5) None of these. 42. Which of the following committees has said that 40 of the regional rural bank will need Rs. 2200 Cr-capitalization by 2011-12? 1) C Rangarajan Committee 2) Rakesh Mohan Committee 3) Anand Sinha Committee 4) K C Chakrabarty Committee 5) None of these 43. As per the latest data for 2009-10 (revised estimates), the per capita income in India stands at 1) Rs. 46,492 2) Rs. 40,312 3) Rs. 35,630 4) Rs. 30,320 5) None of theses. 44. How many Regional Rural Banks (RRBs) are working in the Country? 1) 82 2) 96 3) 99 4) 100 5) None of these 45. The SBI has recently launched a scheme to provide better services/facilities to its customers and to attract more and more new customers. The scheme is named:

1) Aadhaar 2) Parivartan 3) Samadhaan 4) Suvidha 5) None of these. 46. Which country has recently completed its 20 years of unity? 1) Vietnam 2) Sourth Africa 3) Korea 4) China 5) None of these. 47. Which of the following will be the capital of Southern Sudan, worlds newest capital? 1) Kigali 2) Free town 3) Juba 4) Khartoum 5) None of these 48. Who will be the first president of Southern Sudan? 1) Salva Kiir Mayardit 2) Dr Riek Machar 3) Omar al-Bashir 4) Johan Kufour 5) None of these. 49. Name the controversial private company to whom Indian Space Research Organisatio (ISRO) had granted S-band. 1) Devas 2) Swan 3) Antrix 4) Nastrix 5) None of these

50. FRBM Act stands for 1) Financial Responsibility and Business Management Act. 2) Fiscal Responsibility and Business Management Act 3) Financial Responsibility and Budget Management Act 4) Fiscal Responsibility and Budget Management Act 5) None of these.