State Bank of India Clerk Exam, 2008 General Awareness : Solved Paper 6

11. Many times we read in financial newspapers about ‘FII’. What is the full form of FII ?
(A) Final Investment in India
(B) Foreign Investment in India
(C) Formal Investment in India
(D) Fair Institutional Investment
(E) Foreign Institutional Investment
12. Benazir Bhutto is associated with which of the following political parties ?
(A) Muslim League
(B) Pakistan Peoples Party
(C) Pakistan National Congress
(D) Islamic Movement of Pakistan
(E) None of these
13. One of the former Prime Ministers of which of the following countries was detained in
house arrest for a short period after his/her return from a long exile ?
(A) Germany
(B) France
(C) Pakistan
(D) Brazil
(E) None of these
14. Who amongst the following leaders from USA visited Israel and Palestinian West Bank so
that a solution to the Israel and Palestinian problem can be worked out ?
(A) George Bush
(B) Al Gore
(C) Bill Clinton
(D) Condeleeza Rice
(E) None of these
15. Justine Henin won the Women's singles US Open Tennis championship-2007 after defeating—
(A) Svetlana Kuznetsova
(B) Sania Mirza
(C) Dinara Safina
(D) Mathalie Dechy
(E) None of these

16. As reported in papers the UN World Food Programmes stopped distributing food in

Mogadishu town after its local head was abducted by the government soldiers of the country.

Mogadishu is the capital town of—

(A) Tanzania

(B) Turkey

(C) Cuba

(D) Libya

(E) Somalia

17. The financial markets of which of the follow-ing countries were badly affected by sub-prime

crisis ?

(A) Russia

(B) Brazil

(C) UK

(D) USA

(E) None of these

18. Which of the following countries in the world is the biggest consumer of gold ?

(A) USA

(B) Bangladesh

(C) Russia

(D) India

(E) None of these

19. Which of the following countries is NOT happy with the USA's decision to award a

Congressional Medal to Dalai Lama of Tibet ?

(A) India

(B) Pakistan

(C) Nepal

(D) Myanmar

(E) China

20. Which of the following countries recently decided to launch a military action in Northern

Iraq where many Kurdish PKK fighters are based and they are killing people from that country ?

(A) India

(B) Afghanistan

(C) Pakistan

(D) Bangladesh

(E) Turkey

Answer & Hints:

11. (E) Foreign Institutional Investor–FII. An investor or investment fund that is from or

registered in a country outside of the one in which it is currently investing. Institutional

investors include hedge funds. Insurance companies, pension funds and mutual funds. The

term-FII is used most commonly in India to refer to outside companies investing in the Financial

Markets of India. Inter National institutional investors must register with the securities and

Exchange Board of India to participate in the market. One of the Major Market regulations

pertaining to FIIs involves placing limits on FII ownership in Indian Companies.

12. (B) The Pakistan Peoples Party (PPP) is a centre-left Political Party in Pakistan affiliated to

the Socialist Inter National. The leader was, until her death by assassination. Chairwoman

Benazir Bhutto. The party was founded in 1967, on November 30 and Zulfikar Ali Bhutto its first

Chairman. The party creed is “Islam is our faith, democracy is our Politics, Socialism is our

economy, all power to the people”.

13. (C) 14. (A) 15. (A) 16. (E) 17. (D) 18. (D) 19. (E) 20. (E)