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General Awareness

1. RBI’s open market operation transactions are carried out with a view to regulate ____

(A) Liquidity in the economy

(B) Prices of essential commodities

(C) Inflation

(D) Borrowing power of the banks

(E) All the above

Ans (E)

2. Open market operations , one of the measures taken by RBI in order to control credit expansion in the economy means ____

(A) Sale or purchase of Govt. securities

(B) Issuance of different types of bonds

(C) Auction of gold

(D) To make available direct finance to borrowers

(E) None of these

Ans (A)

3. The bank rate means ___

(A) Rate of interest charged by commercial banks from borrowers

(B) Rate of interest at which commercial banks discounted bills of their borrowers

(C) Rate of interest allowed by commercial banks on their deposits

(D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks

(E) None of these

Ans (D)

4. What is an Indian Depository Receipt?

(A) A deposit account with a Public Sector Bank

(B) A deposit account with any of depositories in India

(C) An instrument in the form of depository receipt created by an Indian depository against
underlying equity shares of the issuing company

(D) An instrument in the form of deposit receipt issued by an Indian depositories

(E) None of these

Ans (C)

5. Fiscal deficit is ____

(A) total income less Govt. borrowing

(B) total payments less total receipts

(C) total payments less capital receipts

(D) total expenditure less total receipts excluding borrowing

(E) None of these

Ans (D)

6. In the capital market , the term arbitrage is used with reference to ____

(A) purchase of securities to cover the sale

(B) sale of securities to reduce the loss on purchase

(C) simultaneous purchase and sale of securities to make profits from price

(D) variation in different markets

(E) Any of the above

Ans (C)

7. The stance of RBI monetary policy is _____

(A) inflation control with adequate liquidity for growth

(B) improving credit quality of the Banks

(C) strengthening credit delivery mechanism

(D) supporting investment demand in the economy

(E) Any of the above

Ans (E)

8. Currency Swap is an instrument to manage ___

(A) currency risk

(B) interest rate risk

(C) currency and interest rate risk

(D) cash flows in different currency

(E) All of the above

Ans (D)

9. “Sub-prime” refers to_______

(A) lending done by banks at rates below PLR

(B) funds raised by the banks at sub – Libor Rates

(C) Group of banks which are not rate as prime banks as per Banker’s Almanac

(D) lending done by financing institutions including banks to customers not not meeting with normally required credit appraisal standards

(E) All of the above

Ans (D)

10. Euro Bond is an instrument _____

(A) issued in the European market

(B) issued in Euro currency

(C) issued in a country other than the country of the currency of the Bond

(D) All of the above

(E) None of these

Ans (C)

11. Money laundering normally involves _____

(A) placement of funds

(B) layering of funds

(C) integrating of funds

(D) All of (A), (B) & (C)

(E) None of (A), (B) & (C)

Ans (D)

12. The IMF and the World Bank were conceived as institutions to ____

(A) strengthening international economic co-operation and to help create a more stable and prosperous global economy

(B) IMF promotes international monetary cooperation

(C) The World Bank promotes long term economic development and poverty reduction

(D) All of (A),(B) & (C)

(E) None of (A),(B) & (C)

Ans (D)

13. Capital Market Regulator is _____

(A) RBI

(B) IRDA

(C) NSE

(D) BSE

(E) SEBI

Ans (e)

14. In the term BRICS , R stands for ______

(A) Romania

(B) Rajithan

(C) Russia

(D) Regulation

(E) Npne of these

Ans (C)

15. FDI refers to _____

(A) Fixed Deposit Interest

(B) Fixed Deposit Investment

(C) Foreign Direct Investment

(D) Future Derivative Investment

(E) None of these

Ans (C)

16. Which is the fist Indian company to be listed in NASDAQ?

(A) Reliance

(B) TCS

(C) HCL

(D) Infosys

(E) None of these

Ans (D)

17. Which of the following is the Regulator of the credit rating agencies in India?

(A) RBI

(B) SBI

(C) SIDBI

(D) SEBI

(E) None of these

Ans (D)

18. Who is Brand Endorsing Personality of Bank of Baroda?

(A) Juhi Chawala

(B) Kiran Bedi

(C) Amitabh Bachchan

(D) Kapil Dev

(E) None of these

Ans (E)

19. The Branding Line of Bank of Baroda is ____

(A) International Bank of India

(B) India’s International Bank

(C) India’s Multinational Bank

(D) World’s Local Bank

(E) None of these

Ans (B)

20. The logo of Bank of Baroda is known as ___

(A) Sun of Bank of Baroda

(B) Baroda Sun

(C) Bank of Baroda’s Rays

(D) Sunlight of Bank of Baroda

(E) None of these

Ans (B)

21. One of the major challenges banking industries is facing these days is money laundering. Which of the following acts/ norms are launched by the banks by the banks to prevent money laundering in general ?

(A) Know your customer norms

(B) Banking Regulation Act

(C) Negotiable Instrument Act

(D) Narcotics and Psychotropic Substance Act

(E) None of these

Ans (E)

22. Lot of Banks in India these days are offering M-Banking Facility to their customers . What is the full form of ‘M’ in ‘M-Banking’?

(A) Money

(B) Marginal

(C) Message

(D) Mutual Fund

(E) Mobile Phone

Ans (E)

23. Which of the following is/are true about the “Sub-Prime Crisis” ? (The term was very much in news recently.)

(1) It is a Mortage Crisis referring to Credit default by the borrowers

(2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers

(3) This crisis originated of negligence in credit rating of the borrowers

(A) Only 1

(B) Only 2

(C) Only 3

(D) All 1,2 & 3

(E) None of these

Ans (D)

24. Which of the following is NOT the part of the structure of the financial System in India ?

(A) Industrial Finance

(B) Agricultural Finance

(C) Government Finance

(D) Development Finance

(E) Personal Finance

Ans (E)

25. Which of the following is NOT the part of the Scheduled Banking structure in India ?

(A) Money Lenders

(B) Public Sector Banks

(C) Private Sector Banks

(D) Regional Rural Banks

(E) State Co-operative Banks

Ans (A)

26. As we all know Govt. of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Govt. ?

(1) Tax on Income

(2) Tax on Expenditure

(3) Tax on property or Capital Asset

(4) Tax on Goods and Services

(A) Both 1 and 3 only

(B) Both 2 and 4 only

(C) All 1,2,3 & 4

(D) Only 2,3 and 4

(E) None of these

Ans (C)

27. We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives ?

(1) To attract foreign investment directly

(2) To protect domestic market from direct competition from multinationals

(3) To provide more capital to agriculture and allied activities

(A) Only 1

(B) Only 2

(C) Only 3

(D) All 1,2 & 3

(E) None of these

Ans (A)

28. Which of the following groups of the countries has almost 50% share in Global emission of carbon every year ?

(A) US, China, India, South Africa

(B) India, china, Russia , Britain

(C) South Africa, Nepal , Myanmar

(D) US, Russia, China & India

(E) None of these

Ans (D)

29. Many times we read about Future Trading in newspapers. What is Future Trading ?

(1) It is nothing but a trade between any two stock exchanges where in it is decided to purchase the stocks of each other on a fixed price throughout the year

(2) It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price

(3) It is agreement between Stock Exchanges that they will not trade the stocks of each other under any circumstances in future or for a given period of time

(A) Only 1

(B) Only 2

(C) Only 3

(D) All 1,2 & 3

(E) None of these

Ans (B)

30. Hillary Clinton formally suspended her campaign to ensure election of who amongst the following for the next President of USA?

(A) George Bush

(B) Barack Obama

(C) John McCain

(D) Boll Clinton

(E) None of these

Ans (B)

31. Hugo Chavez whose name was recently in news is the _____

(A) President of Cango

(B) Prime Minister of Uganda

(C) President of Venezuela

(D) Prime Minister of Brazil

(E) None of these

Ans (C)

32. The Govt. of India has raised the amount of the loan Waiver to the farmers by 20%. Now the amount is nearly _____

(A) Rs. 60,000 crores

(B) Rs. 65,000 crores

(C) Rs. 72,000 crores

(D) Rs. 76,000 crores

(E) Rs. 80,000 crores

Ans (A)

33. Delimitation Commission has made a recommendation the next Census should be Panchayat-wise. When is the next Census due ?

(A) 2010

(B) 2011

(C) 2012

(D) 2013

(E) 2015

Ans (B)

34. The world Health Organization has urged that advertisements of which of the following should be banned to protect youth from bad effects of the same ?

(A) Tobacco

(B) Alcoholic drinks

(C) Junk Food

(D) Soft drinks with chemical preservatives

(E) None of these

Ans (A)

35. Which of the following countries has allocated a huge amount of US $ 10 billion to provide relief to its earthquake victims ?

(A) Japan

(B) South Korea

(C) China

(D) South Africa

(E) None of these

Ans (C)

36. Which of the foloowing names is NOT closely associated with space Programme of India or any other country ?

(A) CARTOSAT

(B) NLS-5

(C) RUBIN-8

(D) GSLV

(E) SCOPE

Ans (E)

37. Vijay Hazare Trophy is associated with game of _____

(A) Hockey

(B) Cricket

(C) Badminton

(D) Football

(E) Golf

Ans (B)

38. Which of the following was theme of the Olympic Torch ?

(A) Journey of Harmony

(B) Green World Clean World

(C) Journey of Peace

(D) Jouney of Hunger-free World

(E) None of these

Ans (A)

39. Which of the following schemes is NOT a social development Scheme ?

(A) Indira Awas Yojana

(B) Mid Day Meal

(C) Bharat Nirman Yojana

(D) Sarva Siksha Abhiyan

(E) All are Social Schemes

Ans (C)

40. Which of the following is NOT a member of ASEAN ?

(A) Maleysia

(B) Indonesia

(C) Vietnam

(D) Britain

(E) Singapore

Ans (D)

41. Which of the following awards are given for the excellence in the field of Sports ?

(A) Kalinga Prize

(B) Shanti Swarup Bhatnagar Award

(C) Arjun Award

(D) Pulitzer Award

(E) None of these

Ans (C)

42. Inflation in India is measured on which of the following indexes/indicators ?

(A) Cost of Living Index (COLI)

(B) Consumer Price Index (CPI)

(C) Gross Domestic Product (GDP)

(D) Wholesale Price Index (WPI)

(E) None of these

Ans (D)

1. In a survey of more than 500 companies and government agencies, ____________ percent detected computer security breaches.
A. 20
B. 75
C. 85
D. 99
Answer: C

2. The survey showed that these businesses lost more than ____________ due to security breaches.
A. $100,000 each
B. $377 million
C. five employees each
D. $1 million
Answer: B

3. The typical computer criminal is a(n):
A. young hacker.
B. trusted employee with no criminal record.
C. trusted employee with a long, but unknown criminal record.
D. overseas young cracker.
Answer: B

4. The majority of computer crimes are committed by:
A. hackers.
B. insiders.
C. overseas criminals.
D. young teenage computer geniuses.
Answer: B

5. The common name for the crime of stealing passwords is:
A. spooling.
B. identity theft.
C. spoofing.
D. hacking.
Answer: C Reference: Theft by Computer

6. Collecting personal information and effectively posing as another individual is known as the crime of:
A. spooling.
B. identity theft.
C. spoofing.
D. hacking.
Answer: B

7. Malicious software is known as:
A. badware.
B. malware.
C. maliciousware.
D. illegalware.
Answer: B

8. A program that performs a useful task while simultaneously allowing destructive acts is a:
A. worm.
B. Trojan horse.
C. virus.
D. macro virus.
Answer: B Moderate

9. An intentionally disruptive program that spreads from program to program or from disk to disk is known as a:
A. Trojan horse.
B. virus.
C. time bomb.
D. time-related bomb sequence.
Answer: B

10. In 1999, the Melissa virus was a widely publicized:
A. e-mail virus.
B. macro virus.
C. Trojan horse.
D. Time bomb.
Answer: A

11. What type of virus uses computer hosts to reproduce itself?
A. Time bomb
B. Worm
C. Melissa virus
D. Macro virus
Answer: B

12. The thing that eventually terminates a worm virus is a lack of:
A. memory or disk space.
B. time.
C. CD drive space.
D. CD-RW.
Answer: A

13. When a logic bomb is activated by a time-related event, it is known as a:
A. time-related bomb sequence.
B. virus.
C. time bomb.
D. Trojan horse.
Answer: C

14. A logic bomb that was created to erupt on Michelangelo’s birthday is an example of a:
A. time-related bomb sequence.
B. virus.
C. time bomb.
D. Trojan horse.
Answer: C

15. What is the name of an application program that gathers user information and sends it to someone through the Internet?
A. A virus
B. Spybot
C. Logic bomb
D. Security patch
Answer: B
16. Standardization of Microsoft programs and the Windows operating system has made the spread of viruses:
A. more complicated.
B. more difficult.
C. easier.
D. slower.
Answer: C

17. HTML viruses infect:
A. your computer.
B. a Web page in the HTML code.
C. both a Web page and the computer that is viewing it.
D. No

18. Software programs that close potential security breaches in an operating system are known as:
A. security breach fixes.
B. refresh patches.
C. security repairs.
D. security patches.
Answer: D

19. When customers of a Web site are unable to access it due to a bombardment of fake traffic, it is known as:
A. a virus.
B. a Trojan horse.
C. cracking.
D. a denial of service attack.
Answer: D

20. ___________ is the measurement of things such as fingerprints and retinal scans used for security access.
A. Biometrics
B. Biomeasurement
C. Computer security
D. Smart weapon machinery
Answer: A

21. What is the most common tool used to restrict access to a computer system?
A. User logins
B. Passwords
C. Computer keys
D. Access-control software
Answer: B

22. The most common passwords in the U.S. or Britain include all EXCEPT:
A. love.
B. Fred.
C. God.
D. 123.
Answer: D

23. Hardware or software designed to guard against unauthorized access to a computer network is known as a(n):
A. hacker-proof program.
B. firewall.
C. hacker-resistant server.
D. encryption safe wall.
Answer: B

24. The scrambling of code is known as:
A. encryption.
B. a firewall.
C. scrambling.
D. password-proofing.
Answer: A

25. If you want to secure a message, use a(n):
A. cryptology source.
B. encryption key.
C. encryption software package.
D. cryptosystem.
Answer: D Reference: How It Works: 10.2 Cryptography

26. To prevent the loss of data during power failures, use a(n):
A. encryption program.
B. surge protector.
C. firewall.
D. UPS.
Answer: D

27. A(n) ____________ can shield electronic equipment from power spikes.
A. encryption program
B. surge protector
C. firewall
D. UPS
Answer: B

28. All of these are suggestions for safe computing EXCEPT:
A. don’t borrow disks from other people.
B. open all e-mail messages but open them slowly.
C. download shareware and freeware with caution.
D. disinfect your system.
Answer: B

29. Freeware ___________ encrypts data.
A. encryption
B. firewall software
C. PGP
D. private and public keys
Answer: C

30. ____________ is defined as any crime completed through the use of computer technology.
A. Computer forensics
B. Computer crime
C. Hacking
D. Cracking
Answer: B

31. Most computer systems rely solely on ___________ for authentication.
A. logins
B. passwords
C. encryption
D. lock and key
Answer: B

32. Creating strong computer security to prevent computer crime usually simultaneously helps protect :
A. privacy rights.
B. personal ethics.
C. the number of cookies downloaded to your personal computer.
D. personal space.
Answer: A

33. Over ___________ was spent by businesses and government to repair problems in regard to Y2K.
A. 20 million dollars
B. 100 million dollars
C. 1 billion dollars
D. 100 billion dollars
Answer: D

34. What is a complex system that takes on nearly complete responsibility for a task eliminating the need for people, verification, or decision making?
A. Autonomous system
B. Missile defense auto-system
C. Smart weapon
D. Independent system
Answer: D

35. Security procedures can:
A. will eliminate all computer security risk.
B. reduce but not eliminate risks.
C. are prohibitively expensive.
D. are inaccessible for the average home user.
Answer: B

Fill in the Blank:

36. The field of computer ____________ uses special software to scan hard drives of potential criminal suspects.
Answer: forensics Reference: Online Outlaws: Computer Crime Difficulty: Challenging

37. Computer ____________ often goes unreported because businesses fear negative publicity.
Answer: crime

38. ____________ connections are the most frequent point of attack for Internet commerce.
Answer: Internet

39. ____________ is the most common form of computer crime.
Answer: Theft

40. A survey by eMarketer.com found that ____________ are the most often cited online fraud cases.
Answer: online auctions Reference: Identity Theft

41. Theft of computers is most common for PDAs and ____________ computers.
Answer: notebook

42. When you use a disk in several different computers within the same day, you are taking the chance of contracting a(n) ____________.
Answer: virus Reference: Viruses Difficulty: Easy

43. A(n) ____________ attaches itself to documents that contain embedded programs that automate tasks.
Answer: macro virus

44. Both viruses and ____________ use computer hosts to replicate.
Answer: worms

45. ____________ programs search for and eliminate viruses.
Answer: Antivirus

46. A security patch is a software program that closes possible security breaches in the operating system. The cost to the consumer is ____________.
Answer: nothing or free

47. ____________ was once the word used for malicious computer wizardry.
Answer: Hackers or hacking

48. ____________ refers to electronic trespassing or criminal hacking.
Answer: Cracking

49. DoS stands for ___________.
Answer: denial of service

50. DDoS stands for ___________.
Answer: distributed denial of service

51. ____________ hijack Web pages and redirect users to other sites.
Answer: Webjackers

52. ___________ software monitors and records computer transactions.
Answer: Audit-control

53. Each individual who uses a public key cryptosystem has ___________ keys.
Answer: two Reference: How It Works: 10.2 Cryptography

54. PGP stands for ___________.
Answer: Pretty Good Privacy

55. Most operating systems, including Windows XP, assign each user a unique ___________.
Answer: user identifier or user ID

56. It should now be common knowledge that users should not open ___________ from e-mail recipients that the user does not know.
Answer: attachments

Matching:

57. Match the acts and centers with their purposes:
I. Computer Fraud and Abuse Act A. created by Attorney General Janet Reno in 1998
II. USA Patriot Act B. defines what kinds of communications are legal online
III. Digital Millennium Copyright Act C. created in 2001 as a response to the terrorist attacks of September 11, 2001
IV. Telecommunications Act of 1996 D. provides instant information on crimes and criminals
V. Communications Decency Act E. declared unconstitutional by the Supreme Court
VI. National Infrastructure Protection Center F. created as a result of the first headline-making worm
VII. National Crime Information Center G. used to arrest a student for writing to crack an Adobe product
Answers: F, C, G, B, E, A, D

58. Match the following rules of thumb about safe computing with the proper descriptions:
I. share with care A. be aware of e-mail from what appear to be legitimate companies
II. handle e-mail carefully B. don’t choose a dictionary word
III. disinfect regularly C. keep your disks in your own computer
IV. take your password seriously D. copy, copy, copy
V. if it’s important, back it up E. encrypt
VI. sensitive info over the Internet? F. use antivirus software
Answers: C, A, F, B, D, E