SNAP 2011: Previous Year Question Paper with Solutions

 Page 1


SNAP 2011
General Awareness
1. “Swayamsidha” is a scheme launched by the Government of India to help
A    School Children only
B    Health workers only
C    Senior citizen without any regular income
D    Women only
A n s w e r : D
     
2. What is ‘Share swap’?
A. A business takeover in which acquiring company uses its own stock to pay for the acquired company.
B. When a company uses its own share to get some short term loan for working capital requirement
C. When companies are require to float a new issue to earn capital for their expansion programmes, each shareholder gets
some additional preferential share. The process is known as Share Swap.
A    Only A
B    Only A and B
C    Only C
D    None of the above
A n s w e r : A
3. Regarding “carbon credits” which of the following statements is not correct?
A    The carbon credits system was ratified in conjunction with Kyoto Protocol
B    
Carbon credits are awarded to those countries or groups who have reduced the green house gases below their
emission quota
C    The goal of carbon credit system is to reduce carbon dioxide emission
D    Carbon credits are traded at a price fixed from time to time by the United Environment Programme
A n s w e r : D
4. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of
the following statements best represents an important difference between the two?
A    FII helps bring better management skills and technology while FDI only bring capital
B    FII helps in increasing capital availability in general, while FDI only targets specific sectors
C    FDI flows only into secondary markets while FII targets primary markets
D    FII is considered to be more stable than FDI
A n s w e r : B
  
.
Page 2


SNAP 2011
General Awareness
1. “Swayamsidha” is a scheme launched by the Government of India to help
A    School Children only
B    Health workers only
C    Senior citizen without any regular income
D    Women only
A n s w e r : D
     
2. What is ‘Share swap’?
A. A business takeover in which acquiring company uses its own stock to pay for the acquired company.
B. When a company uses its own share to get some short term loan for working capital requirement
C. When companies are require to float a new issue to earn capital for their expansion programmes, each shareholder gets
some additional preferential share. The process is known as Share Swap.
A    Only A
B    Only A and B
C    Only C
D    None of the above
A n s w e r : A
3. Regarding “carbon credits” which of the following statements is not correct?
A    The carbon credits system was ratified in conjunction with Kyoto Protocol
B    
Carbon credits are awarded to those countries or groups who have reduced the green house gases below their
emission quota
C    The goal of carbon credit system is to reduce carbon dioxide emission
D    Carbon credits are traded at a price fixed from time to time by the United Environment Programme
A n s w e r : D
4. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of
the following statements best represents an important difference between the two?
A    FII helps bring better management skills and technology while FDI only bring capital
B    FII helps in increasing capital availability in general, while FDI only targets specific sectors
C    FDI flows only into secondary markets while FII targets primary markets
D    FII is considered to be more stable than FDI
A n s w e r : B
  
.
    
5. In context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this term imply?
1) It is a major classification of crude oil
2) It is sourced from North sea
3) It does not contain sulphur
Which of the statement given above is /are correct?
A    2 only
B    1 and 2 only
C    1 and 3 only
D    1, 2 and 3
A n s w e r : B
6. With reference to “Look East Policy” of India consider the following statements:
1. India wants to establish itself as an important regional player in the East Asian affairs.
2. India wants to plug the vacuum created by the termination of Cold war.
3. India wants to restore the historical and cultural ties with its neighbors in Southeast and East Asia.
Which of the statements given above is/are correct?
A    1 only
B    1 and 3 only
C    3 only
D    1, 2 and 3
A n s w e r : B
7. Recently “oilzapper” was in news. What is it?
A    It is eco friendly technology for the remediation of oily sludge and oil spills
B    It is the latest technology developed under sea oil exploration
C    It is genetically engineered high biofuel - yielding maize variety
D    It is the latest technology to control accidentally caused flames from oil wells.
A n s w e r : A
    
8. Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub - prime lending and banks may be exposed to the risk of defaulters in
future.
2. The teaser loans are given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?
A    1 only
B    2 only
  
.
Page 3


SNAP 2011
General Awareness
1. “Swayamsidha” is a scheme launched by the Government of India to help
A    School Children only
B    Health workers only
C    Senior citizen without any regular income
D    Women only
A n s w e r : D
     
2. What is ‘Share swap’?
A. A business takeover in which acquiring company uses its own stock to pay for the acquired company.
B. When a company uses its own share to get some short term loan for working capital requirement
C. When companies are require to float a new issue to earn capital for their expansion programmes, each shareholder gets
some additional preferential share. The process is known as Share Swap.
A    Only A
B    Only A and B
C    Only C
D    None of the above
A n s w e r : A
3. Regarding “carbon credits” which of the following statements is not correct?
A    The carbon credits system was ratified in conjunction with Kyoto Protocol
B    
Carbon credits are awarded to those countries or groups who have reduced the green house gases below their
emission quota
C    The goal of carbon credit system is to reduce carbon dioxide emission
D    Carbon credits are traded at a price fixed from time to time by the United Environment Programme
A n s w e r : D
4. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of
the following statements best represents an important difference between the two?
A    FII helps bring better management skills and technology while FDI only bring capital
B    FII helps in increasing capital availability in general, while FDI only targets specific sectors
C    FDI flows only into secondary markets while FII targets primary markets
D    FII is considered to be more stable than FDI
A n s w e r : B
  
.
    
5. In context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this term imply?
1) It is a major classification of crude oil
2) It is sourced from North sea
3) It does not contain sulphur
Which of the statement given above is /are correct?
A    2 only
B    1 and 2 only
C    1 and 3 only
D    1, 2 and 3
A n s w e r : B
6. With reference to “Look East Policy” of India consider the following statements:
1. India wants to establish itself as an important regional player in the East Asian affairs.
2. India wants to plug the vacuum created by the termination of Cold war.
3. India wants to restore the historical and cultural ties with its neighbors in Southeast and East Asia.
Which of the statements given above is/are correct?
A    1 only
B    1 and 3 only
C    3 only
D    1, 2 and 3
A n s w e r : B
7. Recently “oilzapper” was in news. What is it?
A    It is eco friendly technology for the remediation of oily sludge and oil spills
B    It is the latest technology developed under sea oil exploration
C    It is genetically engineered high biofuel - yielding maize variety
D    It is the latest technology to control accidentally caused flames from oil wells.
A n s w e r : A
    
8. Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub - prime lending and banks may be exposed to the risk of defaulters in
future.
2. The teaser loans are given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?
A    1 only
B    2 only
  
.
C    
Both 1 and 2
D    
Neither 1 nor 2
A n s w e r : A
9. Why is the government of India disinvesting its equity in the Central Public Sector Enterprises (CPSE)?
1. The Government intends to use the revenue earned from disinvestment mainly to pay the External debt
2. The Government no longer intends to retain the management control of CPSEs
Which of the statements given above is/are correct?
A    1 only
B    2 only
C    Both 1 and 2
D    Neither 1 nor 2
A n s w e r : A
10. The book “Unto this Last” which influenced Gandhiji, was authored by
A    Boris Yeltsin
B    Pushkin
C    Ruskin Bond
D    John Ruskin
A n s w e r : D
    
11. Besides USA, India has signed, with which of the following countries the agreement being named as “Cooperation Agreement
on the development of Peaceful Uses of Nuclear Energy”?
A    Italy
B    Germany
C    France
D    Australia
A n s w e r : C
12. Which of the following country is not a member of the Nuclear Suppliers Group (NSG)?
A    Russia
B    USA
C    Italy
D    Irans
A n s w e r : D
  
.
Page 4


SNAP 2011
General Awareness
1. “Swayamsidha” is a scheme launched by the Government of India to help
A    School Children only
B    Health workers only
C    Senior citizen without any regular income
D    Women only
A n s w e r : D
     
2. What is ‘Share swap’?
A. A business takeover in which acquiring company uses its own stock to pay for the acquired company.
B. When a company uses its own share to get some short term loan for working capital requirement
C. When companies are require to float a new issue to earn capital for their expansion programmes, each shareholder gets
some additional preferential share. The process is known as Share Swap.
A    Only A
B    Only A and B
C    Only C
D    None of the above
A n s w e r : A
3. Regarding “carbon credits” which of the following statements is not correct?
A    The carbon credits system was ratified in conjunction with Kyoto Protocol
B    
Carbon credits are awarded to those countries or groups who have reduced the green house gases below their
emission quota
C    The goal of carbon credit system is to reduce carbon dioxide emission
D    Carbon credits are traded at a price fixed from time to time by the United Environment Programme
A n s w e r : D
4. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of
the following statements best represents an important difference between the two?
A    FII helps bring better management skills and technology while FDI only bring capital
B    FII helps in increasing capital availability in general, while FDI only targets specific sectors
C    FDI flows only into secondary markets while FII targets primary markets
D    FII is considered to be more stable than FDI
A n s w e r : B
  
.
    
5. In context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this term imply?
1) It is a major classification of crude oil
2) It is sourced from North sea
3) It does not contain sulphur
Which of the statement given above is /are correct?
A    2 only
B    1 and 2 only
C    1 and 3 only
D    1, 2 and 3
A n s w e r : B
6. With reference to “Look East Policy” of India consider the following statements:
1. India wants to establish itself as an important regional player in the East Asian affairs.
2. India wants to plug the vacuum created by the termination of Cold war.
3. India wants to restore the historical and cultural ties with its neighbors in Southeast and East Asia.
Which of the statements given above is/are correct?
A    1 only
B    1 and 3 only
C    3 only
D    1, 2 and 3
A n s w e r : B
7. Recently “oilzapper” was in news. What is it?
A    It is eco friendly technology for the remediation of oily sludge and oil spills
B    It is the latest technology developed under sea oil exploration
C    It is genetically engineered high biofuel - yielding maize variety
D    It is the latest technology to control accidentally caused flames from oil wells.
A n s w e r : A
    
8. Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub - prime lending and banks may be exposed to the risk of defaulters in
future.
2. The teaser loans are given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?
A    1 only
B    2 only
  
.
C    
Both 1 and 2
D    
Neither 1 nor 2
A n s w e r : A
9. Why is the government of India disinvesting its equity in the Central Public Sector Enterprises (CPSE)?
1. The Government intends to use the revenue earned from disinvestment mainly to pay the External debt
2. The Government no longer intends to retain the management control of CPSEs
Which of the statements given above is/are correct?
A    1 only
B    2 only
C    Both 1 and 2
D    Neither 1 nor 2
A n s w e r : A
10. The book “Unto this Last” which influenced Gandhiji, was authored by
A    Boris Yeltsin
B    Pushkin
C    Ruskin Bond
D    John Ruskin
A n s w e r : D
    
11. Besides USA, India has signed, with which of the following countries the agreement being named as “Cooperation Agreement
on the development of Peaceful Uses of Nuclear Energy”?
A    Italy
B    Germany
C    France
D    Australia
A n s w e r : C
12. Which of the following country is not a member of the Nuclear Suppliers Group (NSG)?
A    Russia
B    USA
C    Italy
D    Irans
A n s w e r : D
  
.
13. Many times we read in the newspaper that several companies are adopting the FCCBs route to raise capital. What is the full
form of FCCB?
A    Foreign Currency Convertible Bonds
B    Foreign Convertible Credit Bonds
C    Financial Consortium and Credit Bureau
D    None of these
A n s w e r : A
    
14. As per the reports published in various newspapers, RBI has asked banks to make plan to provide banking services in villages
having population of 2000. This directive issued by the RBI will fall in which of the following categories?
A    Plan for financial inclusion
B    Efforts to meet Priority sector lending
C    Extension of Internet and Branchless banking
D    None of these
A n s w e r : A
15. Which of the following is/ are treated as artificial currency?
A    ADR
B    GDR
C    Both GDR and ADR
D    SDR
A n s w e r : D
16. Which of the following terms indicates a mechanisms used by commercial banks to provide credit to the Government?
A    Cash Credit Ratio
B    Debit Service Obligation
C    Liquidity Adjustment Facility
D    Statutory Liquidity Ratio
A n s w e r : D
   
17. Who among the following was not part of the drafting committee of the Lokpal Bill?
A    Salman Khurshid
  
.
Page 5


SNAP 2011
General Awareness
1. “Swayamsidha” is a scheme launched by the Government of India to help
A    School Children only
B    Health workers only
C    Senior citizen without any regular income
D    Women only
A n s w e r : D
     
2. What is ‘Share swap’?
A. A business takeover in which acquiring company uses its own stock to pay for the acquired company.
B. When a company uses its own share to get some short term loan for working capital requirement
C. When companies are require to float a new issue to earn capital for their expansion programmes, each shareholder gets
some additional preferential share. The process is known as Share Swap.
A    Only A
B    Only A and B
C    Only C
D    None of the above
A n s w e r : A
3. Regarding “carbon credits” which of the following statements is not correct?
A    The carbon credits system was ratified in conjunction with Kyoto Protocol
B    
Carbon credits are awarded to those countries or groups who have reduced the green house gases below their
emission quota
C    The goal of carbon credit system is to reduce carbon dioxide emission
D    Carbon credits are traded at a price fixed from time to time by the United Environment Programme
A n s w e r : D
4. Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of
the following statements best represents an important difference between the two?
A    FII helps bring better management skills and technology while FDI only bring capital
B    FII helps in increasing capital availability in general, while FDI only targets specific sectors
C    FDI flows only into secondary markets while FII targets primary markets
D    FII is considered to be more stable than FDI
A n s w e r : B
  
.
    
5. In context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this term imply?
1) It is a major classification of crude oil
2) It is sourced from North sea
3) It does not contain sulphur
Which of the statement given above is /are correct?
A    2 only
B    1 and 2 only
C    1 and 3 only
D    1, 2 and 3
A n s w e r : B
6. With reference to “Look East Policy” of India consider the following statements:
1. India wants to establish itself as an important regional player in the East Asian affairs.
2. India wants to plug the vacuum created by the termination of Cold war.
3. India wants to restore the historical and cultural ties with its neighbors in Southeast and East Asia.
Which of the statements given above is/are correct?
A    1 only
B    1 and 3 only
C    3 only
D    1, 2 and 3
A n s w e r : B
7. Recently “oilzapper” was in news. What is it?
A    It is eco friendly technology for the remediation of oily sludge and oil spills
B    It is the latest technology developed under sea oil exploration
C    It is genetically engineered high biofuel - yielding maize variety
D    It is the latest technology to control accidentally caused flames from oil wells.
A n s w e r : A
    
8. Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1. The teaser loans are considered to be an aspect of sub - prime lending and banks may be exposed to the risk of defaulters in
future.
2. The teaser loans are given to inexperienced entrepreneurs to set up manufacturing or export units.
Which of the statements given above is/are correct?
A    1 only
B    2 only
  
.
C    
Both 1 and 2
D    
Neither 1 nor 2
A n s w e r : A
9. Why is the government of India disinvesting its equity in the Central Public Sector Enterprises (CPSE)?
1. The Government intends to use the revenue earned from disinvestment mainly to pay the External debt
2. The Government no longer intends to retain the management control of CPSEs
Which of the statements given above is/are correct?
A    1 only
B    2 only
C    Both 1 and 2
D    Neither 1 nor 2
A n s w e r : A
10. The book “Unto this Last” which influenced Gandhiji, was authored by
A    Boris Yeltsin
B    Pushkin
C    Ruskin Bond
D    John Ruskin
A n s w e r : D
    
11. Besides USA, India has signed, with which of the following countries the agreement being named as “Cooperation Agreement
on the development of Peaceful Uses of Nuclear Energy”?
A    Italy
B    Germany
C    France
D    Australia
A n s w e r : C
12. Which of the following country is not a member of the Nuclear Suppliers Group (NSG)?
A    Russia
B    USA
C    Italy
D    Irans
A n s w e r : D
  
.
13. Many times we read in the newspaper that several companies are adopting the FCCBs route to raise capital. What is the full
form of FCCB?
A    Foreign Currency Convertible Bonds
B    Foreign Convertible Credit Bonds
C    Financial Consortium and Credit Bureau
D    None of these
A n s w e r : A
    
14. As per the reports published in various newspapers, RBI has asked banks to make plan to provide banking services in villages
having population of 2000. This directive issued by the RBI will fall in which of the following categories?
A    Plan for financial inclusion
B    Efforts to meet Priority sector lending
C    Extension of Internet and Branchless banking
D    None of these
A n s w e r : A
15. Which of the following is/ are treated as artificial currency?
A    ADR
B    GDR
C    Both GDR and ADR
D    SDR
A n s w e r : D
16. Which of the following terms indicates a mechanisms used by commercial banks to provide credit to the Government?
A    Cash Credit Ratio
B    Debit Service Obligation
C    Liquidity Adjustment Facility
D    Statutory Liquidity Ratio
A n s w e r : D
   
17. Who among the following was not part of the drafting committee of the Lokpal Bill?
A    Salman Khurshid
  
.
B    
Anna Hazare
C    
Arvind Kejriwal
D    Kiran Bedi
A n s w e r : D
18. Criminal procedure is a subject of which of the following lists?
A    State List
B    Concurrent List
C    Union List
D    Both 1 and 3
A n s w e r : B
19. One of the world’s biggest Uranium resources was recently found in
A    Andhra Pradesh
B    Maharashtra
C    Jharkhand
D    Uttarakhand
A n s w e r : A
    
20. Which of the following was the first venture of Kishore Biyani
A    Pantaloons
B    Big Bazaar
C    Central
D    Future Capital Holdings
A n s w e r : A
21. Who among the following is often referred to as father of India’s “Green Revolution”?
A    Dr. Verghese Kurien
B    Dr. Amrita Patel
C    M. S. Swaminathan
D    Gurudev Khush
A n s w e r : C
22. Who among the following directed the movie Peepli Live?
  
.