Canara Bank PO Question Papers

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Read the following passage carefully and answer all questions given below it.

John Maynard Keynes, the trendiest dead economist of this apocalyptic moment, was the godfather of government stimulus. Keynes had the radical idea that throwing money at recessions through aggressive deficit spending would resuscitate flatlined economies- and he wasn’t too particular about where the money was thrown. In the depths of the Depression, he suggested that the Treasury could “fill old bottles with banknotes, bury them at suitable depths in disused coal mines” then sit back and watch a money-mining boom create jobs and prosperity. “It would, indeed, be more sensible to build houses and the like, “he wrote, but “the above would be better than nothing.”

As President-elect Barack Obama prepares to throw money at the current downturn-a stimulus package starting at about $800 billion, plus the second $350 billion chunk of the financial bailout-we all really do seem to be Keynesians now. Just about every expert agrees that pumping $1 trillion into a moribund economy will rev up the ethereal goods-and-services engine that Keynes called “aggregate demand” and stimulate at least some shortterm activity, even if it is all wasted on money pits. But Keynes was also right that there would be more sensible ways to spend it. There would also be less sensible ways to spend it. A trillion dollars’ worth of bad ideas-sprawl-inducing highways and bridges to nowhere, ethanol plants and pipelines that accelerate global warming, tax breaks for overleveraged McMansion builders and burdensome new long-term federal entitlements-would be worse than mere waste. It would be smarter to buy every American an iPod, a set of Ginsu knives and 600 Subway foot-longs.

It would be smarter still to throw all that money at things we need to do anyway, which is the goal of Obama’s upcoming American Recovery and Reinvestment Plan. It will include a mix of tax cuts, aid to beleaguered state and local governments; and spending to address needs ranging from food stamps to computerized health records to bridge repairs to broadband network to energy-efficiency retrofits, all designed to save or create 3 million to 4 million jobs by the end of 2010. Obama has said speed is his top priority because the faster Washington injects cash into the financial bloodstream, the better it stands to help avert a multiyear slump with double-digit unemployment and deflation. But he also wants to use the stimulus to advance his long-term priorities : reducing energy use and carbon emissions, cutting middle-class taxes, upgrading neglected infrastructure, reining in health-care costs and eventually reducing the budget deficits that exploded under George W. Bush. Obama’s goal is to exploit this crisis in the best sense of the word to start pursuing his vision of a greener, father, more competitive, more sustainable economy.

Unfortunately, while 21st century Washington has demonstrated an impressive ability to spend money quickly, it has yet to prove that it can spend money wisely. And the chum of a 1 with 12 zeros is already creating a feeding frenzy for the ages. Lobbyists for shoe companies, zoos, catfish farmers, mall owners, airlines, public broadcasters, car dealers and everyone else who can afford their retainers are lining up for a piece of the stimulus. States that embarked on raucous spending and tax cuttng sprees when they were flush are begging for bailouts now that they’re broke. And politicians are dusting off their unfunded mobster museums, waterslides and other pet projects for rebranding as shovel-ready infrastructure investments. As Obama’s aides scramble to assemble something effective and transformative as well as politically achievable, they acknowledge the tension between his desires for speed and reform.

1. What, according to Keynes, is the “aggregate demand” ?
(a) Stimulation of a short-term activity
(b) Goods and Services Sector
(c) Attempting to rev up the sluggish economy
(d) Pumping one trillion dollars into economy
Answer: (b) Goods and Services Sector

2. Which of the following is/are corrective measure(s) as part of the long term priorities of Obama that was an outcome of his predecessor’s regime ?
(1) Countering recession through immediate rescue operations.
(2) Reining the budget deficit.
(3) Creating a more sustainable economy.

(a) (1) & (2) only
(b) (2) & (3) only
(c) (1) & (3) only
(d) None of these
Answer: (d) None of these

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My Canara Bank PO exam is about to come. So here can you provide me a sample question for this exam?

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1As per the recent reports published in newspapers/magazines, India ranks at a lower level in Hunger Index. The Hunger Index is measured on which of the following indicators?
1. Child Malnutrition
2. Rate of Child Mortality
3. Rate of Literacy
4. No. of people who are calories deficient
(A) Only 1 and 2
(B) Only 2 and 3
(C) Only 1,2 and 4
(D) AliI, 2,3 and 4
(E) None of these
2. Who amongst the following economists gave the concept of 'economies of scale',which says 'many goods and services can be produced more cheaply in long series'?
(A) Edward C. Prescott
(B) Amartya Sen
(C) Gary S. Becker
(D) Edmund S. Phelps
(E) Paul Krugman
3. As per the recent report which of the following countries emerged as India's top trading partner during 2008-09?
(A) Russia
(B) Brazil
(C) USA
(D) China
(E) None ofthese
4. In its mid term review of the economy the Reserve Bank of India pegged the country's economic growth for fiscal year 2008-09 at which of the following levels?
(A) 6%
(B) 6.5%
(C) 7%
(D) 7.7%
(E) 8.7%
5. Which of the following countries has elected Joe Biden as its Vice President in its general elections held in November 2008?
(A) Britain
(B) Canada
(C) Australia
(D) USA
(E) None of these
6. Very often we read in newspapers/magazines about 'Sovereign Wealth Funds'.Which of the following is/are the correct description of the same?
1. These are the funds or the reserves of a government or central bank of a country which are invested further to earn profitable returns.
2. These are the funds, which were accumulated by some/ people over the years buf were not put in active circulation as they retain them as Black Money for several years.
3. The funds which are created to be used as relief funds or bailouts packages are known as sovereign funds.
(A) Both 2 and 3 only
(B) Only 2
(C) Only 3
(D) Only 1
(E) None of these
7. The Govt. of India has decided to declare which of the following rivers a National River?
(A) Brahmaputra
(B) Yamuna
(C) Ganga
(D) Kaveri
(E) None of these
8. Very often we read about Special Economic Zones (SEZs) in news-papers. What was the purpose of promoting SEZs in India?
a. They are established to pro-mote exports.
b. They are established to attract investments from foreign countries.
c. They are established to help poorest of the poors in India as the activities of these zones are reserved only for poors and those living below poverty line.
(A) Only 1
(B) Only 2
(C) Only3
(D) Both 1 and 2 only
(E) None of these
9. The Asian Cooperation Dialogue Conference of 31 nations was organized in October 2008 in-
(A) New Delhi
(B) Seoul(S.Korea)
(C) Beijing(China)
(D) Dhaka(Bangladesh)
(E) Astana(Kazakhastan)
10. The White Tiger is a book written by-
(A) Arnitav Ghosh
(B) Arundhati Roy
(C) V.S.Naipaul
(D) Kiran Desai
(E) Aravind Adiga
11. The Ratio of the Cash Reserves that the banks are required to keep with RBI is known as-
(A) Liquidity Ratio
(B) SLR
(C) CRR
(D) Net Demand & Time Liability
(E) None of these
12. A Rs.35000 crore JSW Steel Plant was inaugurated in November 2008 in-
(A) Kota
(B) Nandigram
(C) Pune
(D) Jamshedpur
(E) Salboni
13. The Govt. of India in order to provide some relief to the exporters announced a relief package ofRs.-
(A) 1000 crores
(B) 2500 crores
(C) 4000 crores
(D) 5000 crores
(E) 7000 crores
14. Which of the following awards/honours was conferred upon Pt.Bhimsen Joshi recently?
(A) Man of the year
(B) Kala Shikhar Samman
(C) Dada Saheb Phalke Award
(D) Kalidas Samman
(E) Bharat Ratna
15. Which of the following Space Craft was launched recently to prepare a 3 dimensional Atlas of the lunar surface and also for chemical mapping of entire lunar surface?
(A) PSLV-II
(B) Chandrayan II
(C) Chandrayan III
(D) Chandrayan-I
(E) None of these
16. As per new revised rules now Foreign Direct Investment in Insurance sector is possible upto the limit of-
A) 26%
(B) 40%
(C) 49%
(D) 70%
(E) None of these
17. Who amongst the following players recently became the first ever Indian to win a World Championship in Badminton?
(A) P.Gopichand
(B) Saina Nehwal
(C) Aparna Popat
(D) Nandu M.Natekar
(E) None of these
18. Which of the following countries got Wan chuck as its fifth King recently?
(A) Bhp.tan
(B) Nepal
(C) Japan
(D) Spain
(E) None of these
19. As per the news reports members of the SAARC agreed to establish a'SAARC Food Bank' to ensure food security for members in case of any emergency.Which of the following nations agreed to provide maximum quantity of food for the bank?
(It will provide 1,53,200 tonnes) PDI August/2009/316
(A) India
(B) Bhutan
(C) Sri Lanka
(D) Pakistan
(E) None of these
20. The availability of Cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as-
(A) Cash crunch
(B) Liquidity
(C) Credit
(D) Marketability
(E) None of these
21. India recently signed an agreement with which of the following countries so that they are allowed to deal smoothly with the problem of fishermen who cross International Maritime Boundary Line?
(A) Bangladesh
(B) Sri Lanka
(C) Pakistan
(D) Myanmar
(E) None of these
22. The World Development Report 2009 was released recently.Who publishes the World Development Report every year?
(A) Asian Development Bank
(B) World Bank
(C) International Monetary Fund
(D) United Nations Organizations
(E) None of these
23. The 3rd IBSA Summit took place in New Delhi in October 2008.Which of the following statements about the same is/are correct?
1. Leaders agreed to set a trilateral trade target of US$ 25 million by 2015.
2. Leaders adopted a 50 point Delhi Summit Declaration which has their views on global governance.
3. IBSA agreed to provide its membership to China and Russia from 2011
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2&3
(E) None of these
24. As per newspaper reports India's Trade gap is showing a negative growth since last few months 'Trade Gap' means what?
(A) Gap between total GDP and total consumption
(B) Gap between total Imports and total Exports
(C) Gap between available liquidity and expected demand in next five months
(D) Gap between budgeted revenue collection and actual collection of the same
(E) None of these
25. Mr. Kgalema Motlanthe who was on a visit to India in October 2008 is the-
(A) President of South Africa
(B) Prime Minister of South Africa
(C) President of Kenya
(D) Prime Minister of Kenya
(E) Deputy Director General of UNO
26. As per the reports published in newspapers India allowed to open Cross-LaC Trade after a gap of about 60 years.Which of the following routes was thrown open for the same?
(A) Srinagar-Muzaffarabad
(B) Kolkata-Dhaka
(C) Varanasi-Kathmandu
(D) Imphal-Yangon
(E) None of these
27. Who amongst the following scored his 40th century in the Test cricket while playing against Australia in Nagpur in November 2008?
(A) Sachin Tendulkar
(B) Ani! Kumble
(C) M. S. Dhoni
(D) Harbhajan Singh
(E) None of these
28. Mr. Mohammed Anni Nasheed's name was in news in recent past as he has taken over as President of-
(A) Bangladesh
(B) Maldives
(C) Malaysia
(D) Indonesia
(E) None of these
29. The financial turmoil all over the world in recent past has also put some effect on Indian economy.What measures RBI had taken to improve the situation?
1. SLR has been reduced by one percentage points and at present is 24%
2. An advance of Rs.25,000 crore provided to banks/financial institutions under the Agricultural debt waiver and Debt Relief Schemes.
3. RBI allowed banks to raise their capital by issuing Investment Bonds. Almost all big banks have issued such bond in recent past.
(A) Only 1
(B) Only 2
(C) Only 3
(D) All 1,2&3
(E) Only 1&2both
30. Shivraj Chauhan has taken over as the Chief Minister of-
(A) Madhya Pradesh
(B) Rajasthan
(C) Bihar
(D) Chhattisgarh (E) Delhi
31. 'Jnanpith Award' is given for excellence in the field of-
(A) Music
(B) Literature
(C) Sports
(D) Films
(E) Social Services
32. Who amongst the following recently announced his Retirement from the cricket world?
(A) Sachin Tendulkar
(B) M.S.Dhoni
(C) Harbhajan Singh
(D) Rahul Dravid
(E) None of these
33. The second 'BIMSTEC Summit' was organized in November 2008 in-
(A) Dhaka
(B) Kathmandu
(C) Thirnpu
(D) New Delhi
(E) None of these
34. The Govt.of India recently signed an agreement with Malaysia to facilitate employment of workers between the two countries. Which of the following was/were the reason(s) owing to which both the nations decided to make an agreement for the same?
1. Malaysia is an important destination for Indian workers as Malaysia has almost 1.5 lakh Indian workers.
2. Most of the Indians are employed with the plantation and construction sectors where they were not getting a fair treatment.
3. In the last few years there was a strong opposition to employ Indians as the unemployment rate in Malaysia is almost 30%
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1&2only
(E) None of these
35. Besides USA and France,India has also a Civil Nuclear Deal with-
(A) Britain
(B) Russia
(C) Germany
(D) Canada
(E) Australia
36. Which of the following countries signed an agreement with Russia so that, the country did not attack on it in future and Russia also did not do the same?
(A) Georgia
(B) Croatia
(C) Slovakia
(D) Tajikistan
(E) Mangolia
37. The third Commonwealth Youth Games were organized in October 2008 in-
(A) Chandigarh
(B) Bangalore
(C) Pune
(D) Lucknow
(E) Jaipur
38. Miss Karla Paula Henry won which of the following titles 'when she participated in an event in November 2008 in Philippines?
(A) Miss Earth
(B) Miss World
(C) Miss Universe
(D) Miss Asia Pacific
(E) None of these
39. Who amongst the following is the author of the book 'Development as Freedom'?
(A) Arnartya Sen
(B) C.Rangarajan
(C) Y.V.Reddy
(D) Bimal Jalan
(E) None of these
40. Who amongst the following cine star of India became the first upon whom Malaysian title 'Datuk'was conferred recently?
(A) Arnitabh Bachchan
(B) Akshay Khanna
(C) Salman Khan
(D) Shah Rukh Khan
(E) None of these
41. Mr.Stephen Harper whose name was in news recently is the-
(A) President of New Zealand
(B) President of Australia
(C) President of Sweden
(D) President of Canada
(E) None of these
42. Pravasi Bharatiya Diwas is observed on which of the following days?
(A) 9th March
(B) 9th February
(C) 9th January
(D) 19th February
(E) 19th January
43. Gold Mines in India are located mainly in-
(A) Kolar
(B) Raniganj
(C) Jadugoda
(D) Veeranam
(E) None of these
44. Ms.Kiran Desai is the author of which of the following books ?
(A) God of small things
(B) The inheritance of loss
(C) Midnight's children
(D) A House for Mr. Biswas
(E) None of these
45. Which of the following is the duration of the present Five-Year Plan ?
(A) 2008-12
(B) 2009-13
(C) 2007-12
(D) 2006-11
(E) None of these
46. Which of the following Ministries was Mr.Shivraj Patil looking after immediately prior to his resignation from the cabinet?
(A) Foreign Affairs
(B) Home Affairs
(C) Rural Development
(D) Agriculture
(E) None of these
47. Which of the following schemes launched by the Govt. of India provides a guaranteed 100 days employment to rural employment seekers in India?
(A) Bharat Nirman
(B) Swarnjayanti Grameen Rozgar Yojana
(C) National Rural Employment Guarantee Act
(D) National Food for Work Programme
(E) None of these
48. 'Satyam'which was in news recently was operating in which of the following areas?
(A) Textile
(B) Mining
(C) Pharma
(D) Automobiles
(E) None of these
Answers :
1. (C) 2. (E) 3. (D) 4. (D) 5. (D) 6. (D) 7. (C) 8. (D) 9. (E) 10. (E) 11. (C) 12. (E) 13. (D) 14. (E) 15. (D) 16. (C) 17. (B) 18. (A) 19. (A) 20. (B) 21. (B) 22. (B) 23. (B) 24. (B) 25. (A) 26. (A) 27. (A) 28. (B) 29. (A) 30. (A) 31. (B) 32. (E) 33. (D) 34. (D) 35. (B) 36. (A) 37. (C) 38. (A) 39. (A) 40. (D) 41. (D) 42. (C) 43. (A) 44. (C) 45. (E) 46. (B) 47. (C) 48. (B)

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