Solved Paper Canara Bank PO Exam Held On 09-02-2003 : General Awareness

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Q.126:- Which of the following is NOT TRUE about the Indian Economy as reflected in the mid year economic review, published recently ?

  1. Economy is expected to grow by 5 to 5.5 Percent in 2002-03.
  2. Fiscal deficit is likely to come down substantially as revenue collection is good.
  3. Revenue and capital expenditure have increased a little.
  4. Foreign exchange reserves are more than satisfactory.
  5. Food Grain stock is approximately 51 million tonnes.

Q.127:- Shri Sunil Mittal who was adjudged the ‘Businessman of the Year 2002’ by the Business India Magazine is the Chairman and Group Managing Director of the ?

  1. Max India
  2. Citibank (India & Nepal Region)
  3. DSP Merill Lynch
  4. Bharti Enterprises
  5. None of these

Q.128:- The Union Govt has placed a Bill in the Parliament which will attempt to curb criminalisation of politics. Once the Bill is cleared, it will ?

  1. Debar people convicted of heinous crimes from contesting elections during their term in jail and also for six years after their release.
  2. Not allow the people convicted of heinous crimes to contest elections throughout their life.
  3. Make it mandatory that every contestant of the Lok Sabha election give an undertaking that he/she will not involve himself/herself in any activity against any community or religion.
  4. Be mandatory for all contestants of any state assembly  / Lok Sabha election to obtain a clearance from police authorities stating that no criminal proceeding are pending against them.
  5. None of these

Q.129:- The Indian Consulate Office in which of the following countries reopened after a gap of 23 years ?

  1. Uganda
  2. Ethiopia
  3. Myanmar
  4. Afghanistan
  5. None of these
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Q.130:- The recent amendment of Securities and Exchange Board of India Bill envisages that ?

  1. Market offenders get a punishment.
  2. The SEBI offices are opened in each and every town where a stock exchange is functioning.
  3. Banks also come under the jurisdiction of SEBI.
  4. SEBI will be now a commission headed by an officer not less than the rank of a Chief Secretary of a State.
  5. Financing to the film industry is also done as per guidelines issued by the SEBI.

Q.131:- As per recent decision of the Supreme Court of India, all cases related to Babri Masjid issue will be tried by the ?

  1. Allahabad High Court
  2. Faizabad Court
  3. Lucknow Bench of Allahabad High Court
  4. Special Court at Raebareli
  5. Supreme Court itself

Q.132:- The Indian Institute of Carpet Technology has started functioning in which of the following places ?

  1. Noida in UP
  2. Sri Nagar in J&K
  3. Durg in Chhattisgarh
  4. Jalandhar in Punjab
  5. Bhadohi in UP

Q.133:- SEBI recently directed to which of the following companies to refrain from acquiring additional shares of Larsen & Toubro (L & T) ?

  1. Tata Finance Co. Ltd.
  2. Grasim Industries Ltd.
  3. Ambuja Cement Ltd.
  4. JK Cement Ltd.
  5. None of these

Q.134:- The Union Finance Ministry of India has asked from which of the following to provide a special dividend of Rs. 6,000 crore to bridge its revenue gaps for current fiscal ?

  1. Air India & Indian Airlines
  2. Public Sector Oil Companies
  3. State Bank of India & Bank of India
  4. Telecom PSUs
  5. None of these

Q.135:- A Committee under the Chairmanship of Sri Naresh Chandra was set up to submit a report on ?

  1. Disinvestment of Centaur Hotel (Mumbai Airport)
  2. Role of Auditors and Task they should perform
  3. Reopening of disinvestment of oil PSUs
  4. Reforms in direct taxation system
  5. None of these
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Q.136:- Which of the following is the major consideration owing to which Govt is planning to lift restriction on Coastal Regulation Zone (CRZ) ?

  1. To allow small fisherman to go for fishing as they may not be able to go into deep sea.
  2. To allow mining companies to exploit valuable mineral deposits.
  3. To allow construction of water parks and water game resorts to boost up tourism sector.
  4. To allow universities and other academic institutes to carry on research work which was not possible earlier
  5. None of these

Q.137:- Which of the following is TRUE about the adoption of Value Added Tax (VAT) by the State Governments ?

(1) State Governments are asked to adopt VAT system from June 2003.

(2) Some State Governments are not in favour of VAT unless 100% compensation is given.

(3) VAT once adopted will phase out the Central Sales Tax.

  1. Only 1
  2. Only 2
  3. Only 3
  4. Only 2 and 3
  5. Only 1 and 3

Q.138:- ‘The High Performance Computing Asia Conference-2002’ was recently organised for the first time India in ?

  1. Hyderabad
  2. Mumbai
  3. Kolkata
  4. Bangalore
  5. None of these

Q.139:- The general feeling of the economic world is that Global economy is heading for recession. What measures should be taken by the various developed and/or developing countries to protect themselves from this global phenomenon ? (Pick up the most appropriate alternative amongst the given ones)

(1) The developed countries should immediately remove trade barriers which come in the way of their trade with developing countries.

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(2) Developing countries must get more assistance from developed in the shape of loans /  investments.

(3) Mergers and takeovers of the trade organizations should be stopped immediately as lot of unproductive assets are also transferred in such mergers/takeovers and turn itself into huge liabilities. Instead assistance should be given to each one to perform or get banished.

  1. 1 Only
  2. 2 Only
  3. 3 Only
  4. 1 and 2 Only
  5. None of these

Q.140:- The 13th December was observed as the ?

  1. Birth Centenary of Dr. B.R. Ambedkar
  2. 50th death anniversary of Dr. B.R. Ambedkar
  3. Anti-terrorism day
  4. 1st anniversary of terrorist attack on the Parliament House
  5. Save Mother Earth Day