As per the news report SEBI has allowed short selling by FIs/MFs from February 1, 2008. What is ‘short selling’ ?
1. Selling of shares that the seller does not own at the time of trading.
2. Selling of shares on the same day or on the day they were allotted to the trader.
3. Selling of shares on a much lower price due to turbulent market situations

The Government of India has bought RBI’s entire stake in the State Bank of India in about Rs. 35, 531 crores. What is the share of the RBI in total snake of the State Bank?

As per the reports in the leading newspapers Securities and Exchange Board of India (SEBI) has asked the Mutual Fund industry to stop ‘Misselling’ their schemes to
investors. What is ‘Misselling’ of products ?
1. Misselling takes place when mutual funds are sold without telling the likely returns.
2. When agents sell the products without telling investors what are the risks involved in investing in mutual funds.
3. When agents invest somebody’s money in mutual funds without their knowledge, it is called misselling.

Prime Minister of India on his visit to China a few months back signed a detailed agreement with the same. What is/are the major highlights of the agreement ?

1. Both the countries agreed to continue high level exchange of views. Indian President is invited to China.

2. India to host joint military exercise in 2008.

3. India has decided to raise the issue of Tibet in UNO. China has agreed for the same.

Which of the following countries has recently made an agreement with the World Trade Organization which will allow it to join the same as a permanent member ?

Who amongst the following is the author of the famous classical book “A Passage to India”?