Professional Documents
Culture Documents
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Money laundering is related ----------(1) To reduce the number of families which lives below poverty line.
(2) To reduce the NPA of Banks.
(3) To reduce the Black Money.
(4) To reduce the unemployment rate.
(5) None of these
In which year Public Debt Act was passed ?
(1) 1938
(2) 1940
(3) 1944
(4) 1948
(5) None of these
Which of the following is not included in Indian Economy ?
(1) M
(2) M
(3) M
(4) both M and M (5) None of these
National Income indicates (1) The number of families below poverty line.
(2) Goods and Services in Economy
(3) Growth of Economy
(4) 2 and 3
(5) None of these
The first five year plan was started in ---------.
(1) 1939
(2) 1949
(3) 1951
(4) 1956
(5) None of these
What is the full form of ASBA ?
(1) Amount Saved and Balance in Account.
(2) Account Savings & Bank Ascertainment.
(3) Applications Supported by Blocked Amount.
(4) Already Savings Blocked Amount.
(5) None of these
The debenture holders of a company are its_____.
(1) Employees
(2) Debtors
(3) Creditors
(4) Partners
(5) None of these
Ministry of Communications and IT has launched a social security scheme the Service Discharge
Benefit Scheme (SDBS) -------------.
(1) To provide financial security to Gramin Dak Sevaks
(2) To provide insurance for the rural poor
(3) To provide risk cover for the urban slums
(4) To provide financial assistance for the gram panchayats
(5) None of these
In which year National Bank for Agriculture and Rural Development (NABARD) was established in _____.
(1) 1991
(2) 1982
(3) 1952
(4) 1968
(5) None of these
In banking terminology bad loans refer to ------------------.
(1) Bad debts
(2) Non Performing assets
(3) Underwriting assets
(4) Fictitious assets
(5) None of these
Which of the following department is not a part of Finance Ministry of India ?
(1) Department of Revenue
(2) Department of Expenditure
(3) Department of Economic Affairs (4) Department of Industrial Policy & Promotion
(5) None of these
Which of the following is the name of a Private Sector Bank in India ?
(1) IDBI Bank
(2) Axis Bank
(3) Corporation Bank
(4) UCO Bank
(5) All are Private Banks
What is an Indian Depository Receipt ?
(1) A deposit account with a Public Sector Bank
(2) A depository account with any of Depositories in India
(3) An instrument in the form of depository receipt created by an Indian depository against
underlying equity shares of the issuing company
(4) An instrument in the form of deposit receipt issued by Indian depositories
(5) None of these
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IRDA announced a Health Insurance Policy Portability. This will be implemented from _______.
(1) 1 April, 2011
(2) 1 August, 2011
(3) 1 September, 2011
(4) 1 July, 2011
(5) None of these
Which of the following term is used in banking and finance ?
(1) Cathode
(2) Diabetic
(3) Equity
(4) Obese
(5) None of these
Consider the following & state which of them are TRUE ?
(A) New Foreign Contribution Regulation Act has come into force.
(B) Under the law, no political party can receive foreign funds as donation.
(C) The act says in case of any organisation receiving funds over 10 lakh, bank will immediately
inform govt. to enable agencies to track funds.
(D) There are over 40000 organisations recieving foreign contribution in country out of which only
18000 report the inflow of funds & submit their accounts.
(1) All are true
(2) Only D
(3) B and D
(4) Only C
(5) None of these
Committee related with the merger of regional rural banks with their sponsor banks is-------.
(1) Khusro Committee
(2) Khan Committee
(3) Malegam Committee
(4) Hilton Young Committee
(5) None of these
Functions of NBFC includes-----------.
(1) Equipment Leasing
(2) Term Deposits
(3) Housing Finance & Investment in Financial Securities
(4) 1 & 3
(5) None of these
What does PMLA stands for ?
(1) Primary Money Launching Authority
(2) Preventing Money Launching Act
(3) Promoting Money Laundering Act
(4) Prevention of Money Laundering Act
(5) None of these
Bad debts recovered is a ------for the organisation.
(1) Expense
(2) Debt
(3) Income
(4) Asset
(5) None of these
Which of the following term is not used in Banking/Finance ?
(1) Revenue
(2) Epicenter
(3) Commercial Papers
(4) Consolidated Fund
(5) None of these
Which of the following maintains the RIDF (Rural Infrastructure Development Fund) ?
(1) RBI
(2) IDBI
(3) SIDBI
(4) NABARD
(5) None of these
What does a rise in SENSEX means ?
(1) Rise in prices of all companies belonging to U.K.
(2) Overall rise in prices of shares of companies registered in BSE.
(3) Overall rise in prices of shares of companies registered in NSE.
(4) Rise in prices of shares of companies of America.
(5) None of these
Which of the following in India formulates the fiscal policy?
(1) Finance Commission
(2) RBI
(3) Ministry of Finance
(4) Planning Commission
(5) None of these
Indian company having FDI will be permitted to make downstream investment in LLPs. What is the
full form of LLP ?
(1) Limited Language Performance (2) Limited Liability Partnership
(3) Linguistic Liability Participation
(4) Limited Lasting Participation
(5) None of these
Mahendra's
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Which one of the following launched social security scheme for 'Gramin Dak Sevaks' ?
(1) Ministry of Economic Affairs
(2) Ministry of Rural Infrastructure
(3) Ministry of Communications & IT
(4) Ministry of Rural Development
(5) None of these
What is the Platinum Jubilee Year of the RBI ?
(1) 2007-2008
(2) 2008-2009
(3) 2012-2013
(4) 2014-2015
(5) 2009-2010
National Food for Work Programme was launched in--------------.
(1) 2004
(2) 2010
(3) 2001
(4) 2008
(5) None of these
Kisan Credit Card scheme was launched in the year________.
(1) 2000
(2) 1998
(3) 1996
(4) 1992
(5) None of these
Credit which is available at low rates of Interest is defined as _______.
(1) Hot money
(2) Fiat money
(3) Token money (4) Cheap money (5) None of these
Which Bank is the apex bank of USA ?
(1) Citi Bank
(2) Bank of America
(3) Federal Reserve
(4) Central Bank of USA
(5) None of these
Which of the following statements are correct about Finance Commission ?
(A) It is a statutory body.
(B) It is constituted under article 280 of Indian constitution.
(C) Mr. K. C. Pant is the Chairman of 13 Finance Commission.
(1) Only A
(2) B and C
(3) A and B
(4) A, B & C
(5) None of these
In Regional Rural Banks, What is the contribution of the Sponsor Banks ?
(1) 50%
(2) 15%
(3) 35%
(4) 25%
(5) None of these
Which one of the following is not a part of the World Bank Group ?
(1) The International Finance Corporation
(2) Asian Development Bank
(3) The Multi-lateral Investment Guarantee Agency
(4) International Development Association.
(5) None of these
The nature of convertibility of the Indian Economy is ______.
(1) Convertibility at capital account (2) Convertibility at trade account
(3) Free Convertible
(4) Convertibility at current account
(5) None of these
What is the full form of LERMS ?
(1) Liberalised Exchange Rate Management System
(2) Long Elimination Reserve Management System
(3) Liberalised Extended Related Management Stock
(4) Linguistic Exchange Reserve Management Scenario
(5) None of these
Which of the following is the basic objective of R.B.I's monetary policy ?
(1) To control deficit in the balance of payment
(2) To control public expenditure
(3) To control deficit of the budget
(4) To control cost & availability of money
(5) None of these
Stagflation refers to ________.
(1) High inflation in periods of full employment
(2) High deflation in periods of high unemployment
(3) Deflation in periods of stagnant employment
(4) High inflation in periods of high unemployment
(5) None of these
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'Growth with Stability' was the aim of which of the following Five Year Plans ?
(1) Second Plan
(2) Third Plan
(3) Fourth Plan
(4) Fifth Plan
(5) None of these
Which of the following is not a part of India's Money Market ?
(1) Money Lenders
(2) Indian Gold Council
(3) Bill Markets
(4) Banks
(5) None of these
When more than one banks are allowing credit facilities to one party in coordination with each other
under a formal arrangement, the arrangement is called __.
(1) Securitization (2) Participation (3) Consortium
(4) Consolidation (5) None of these
International Bank for Reconstruction and Development is related to _____.
(1) World Bank
(2) ADB
(3) IMF
(4) Federal Bank (5) None of these
A banking system in which a big bank has a number of branches in different parts of the country is
known as ___.
(1) Unit Banking
(2) Branch Banking
(3) Mixed Banking
(4) Chain Banking
(5) None of these
Which of the following is an example of near money ?
(1) Fiat money
(2) Bank Draft
(3) Treasury Bills
(4) 50 paise coins
(5) None of these
Raising or lowering of the central bank discount rate is known as ____.
(1) Bank rate policy
(2) Open market operation
(3) Cash reserve ratio
(4) 2 and 3
(5) None of these
'Gold Tranche' refers to ___.
(1) a credit system granted by IMF to its members.
(2) A loan system of the World Bank
(3) A credit system granted by WTO to its members.
(4) One of the operations of a Central Bank
(5) None of these
National Food Security Mission was launched in the year ___.
(1) 2005-06
(2) 2006-07
(3) 2007-08
(4) 2008-09
(5) None of these
Which is a legal tender in a modern economy amongst the following ?
(1) Currency notes
(2) Cheques
(3) Bank Draft
(4) Promissory notes
(5) None of these
Which of the following doesn't relates with banking or finance ?
(1) Devaluation
(2) Hundis
(3) Flare
(4) Gearing
(5) None of these
ESOP means (1) Employee stock option play
(2) Employee shair object plan
(3) Employee stock option plan
(4) Enter shair object plan
(5) All of these
Which of the following is not a characteristics of Fiat money?
(1) Fiat money is created and issued by the state
(2) Fiat money is inconvertible by law
(3) Its value as a commodity is as great as its value as money
(4) It is a legal tender
(5) None of these
A banking system where all operations are confined to a single office is known as _____.
(1) Unit Banking
(2) Group Banking
(3) Chain Banking
(4) Branch Banking
(5) None of these
Which of the following is not a Financial/Economic term?
(1) Marginal Utility
(2) Dumping
(3) Pipette
(4) Break Even Point
(5) None of these
GENERAL AWARENESS
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Consider the following statements regarding Special Drawing Rights (SDR)(A) SDR is known as the paper gold
(B) It is an international unit of account
(C) The IMF pays no interest on all holdings of SDRs, kept in the special drawing account
(D) The Quotas of all currencies in the IMF General account are also valued in terms of the
SDR
(1) A, B and C
(2) B, C and D
(3) A, B and D
(4) A, C and D
(5) None of these
Q.145. Consider the following statement and state which among those is/are correct ?
Regional rural banks in India___
(A) Are required to assist the weaker sections
(B) Are to help small and marginal farmers only
(C) Have free access to liberal financial assistance from NABARD
(D) Have a limited area of operation
(1) A, C and D
(2) Only B
(3) B and C
(4) A and D
(5) None of these
Q.146. In deficit financing, the government borrows money from _____.
(1) RBI
(2) Public
(3) IMF
(4) Capitalists
(5) None of these
Q.147. CSO was established in the year ______.
(1) 1952
(2) 1957
(3) 1954
(4) 1951
(5) None of these
Q.148. On the recommendation of which committee Rail Budget was seperated from General Budget in
1924 ?
(1) Acworth Committee
(2) Hilton Young Committee
(3) Patnayak Economy Committee (4) Brettenwood Committee
(5) None of these
Q.149. Treasury bills also called as T- bills are the part of ____.
(1) Unorganized Market
(2) Capital Market
(3) Money Market
(4) Commodities Market
(5) None of these
Q.150. Planned expenditure in India is made from _______.
(1) Internal debt and other resources (2) Assistance from IMF
(3) Assistance from ADB
(4) 1, 2 and 3
(5) None of these
Q.151. Primary Deficit is obtained by subtracting ____ from fiscal deficit.
(1) Revenue Deficit
(2) Depreciation
(3) Borrowings
(4) Interest Payment
(5) None of these
Q.152. In India nationalization of banks took place in how many phases ?
(1) 3
(2) 2
(3) 4
(4) 1
(5) None of these
Q.153. Fixed deposits are for the bank______
(1) Fixed Assets
(2) Time liability
(3) Demand liability
(4) Current Assets
(5) None of these
Q.154. Which of the following come under non-plan expenditure ?
(A) Subsidies.
(B) Interests payments
(C) Defence Expenditure.
(D) Maintenance expenditure for the infrastructure created in previous plans.
(1) A and B
(2) A and C
(3) B and D
(4) A B and D
(5) None of these
Q.155. Which of the following does not come under tertiary sector of the economy ?
(A) Trade
(B) Industrial Manufacturing
(C) Industrial Construction
(1) Only B
(2) Only C
(3) B and C
(4) Only A
(5) None of these
GENERAL
AWARENESS
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Consider the following statements regarding loan syndication and state which among those are
true?
(A) More than one debtors applying for a loan to one creditor.
(B) More than one creditors coming together to provide single loan.
(C) More than one creditors coming toghter to provide multiple loans.
(1) A and B
(2) only C
(3) only B
(4) A and C
(5) None of these
A 'closed economy is an economy in which
(1) The deficit financing takes place
(2) Only exports takes place
(3) Neither exports nor imports takes place
(4) The money supply is full
(5) None of these
If RBI adopts an expansionist open market operations policy, this means that it will.
(1) offer commercial banks more credit in open market
(2) sell securities in the open market
(3) openly announce to the market that it intends to expand credit.
(4) buy securities from non- government holders
(5) None of these
Moral Suasion is the instrument of
(1) Trade Policy
(2) Fiscal Policy
(3) Budget
(4) Monetary Policy
(5) None of these
If an Indian Citizen renting a flat in London it is to be included in .
(1) GDP of India
(2) GNP of London
(3) GNP of India
(4) GDP of London
(5) None of these
Parallel economy emerges due to ..
(1) Tax Avoidance
(2) Tax Evasion
(3) Tax Compliance
(4) Tax Estimation
(5) None of these
The type of note issue system followed in India is
(1) Proportional Fiduciary System
(2) Fixed Fiduciary System
(3) Minimum Reserve System
(4) Minimum Fiduciary System
(5) None of these
Government securities are considered liquid because they are .
(1) Backed by the government treasury .
(2) Convertible into the other types of saving deposits
(3) Stable in value
(4) Quickly & easily Marketable
(5) None of these
Who formulates the Monetary policy in India ?
(1) Planning commission
(2) Finance ministry
(3) RBI
(4) SEBI
(5) None of these
The Tax on import and export is known as____.
(1) Income Tax
(2) Trade Tax
(3) Custom Duty
(4) Excise Duty
(5) None of these
The Integrated Action plan recently approved by the Government of India is related with ____.
(1) Natural disaster
(2) Inflation
(3) Terrorism
(4) Naxalism
(5) None of these
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Which of the following sets of sources of revenue belongs to the Union Government alone ?
(1) Gift Tax, Holding Tax
(2) Sales Tax, Income Tax
(3) Customs Duties, Corporation Tax (4) Wealth Tax, Land Revenue
(5) None of these
The Government of India passed the "Recovery of Debts Due to Banks and Financial Institutions
Act" in ______.
(1) 1993
(2) 1992
(3) 1994
(4) 1990
(5) None of these
Who among the following acts as agent of Government of India in respect of her membership of
IMF?
(1) Ministry of Finance
(2) Reserve Bank of India
(3) SEBI
(4) NABARD
(5) None of these
Index "Residex" is associated with______.
(1) Share Prices
(2) Mutual Fund Prices
(3) Prices Inflation Index
(4) Land Prices
(5) None of these
The 'Dolex' Indicator is related to which of the following Financial Markets ?
(1) New York
(2) Mumbai
(3) Tokyo
(4) Hong Kong
(5) None of these
Industrial exit policy means _____.
(1) Forcing foreign companies to leave India.
(2) Forcing business units to move out of congested localities.
(3) Allowing manufactures to shift their line products.
(4) Allowing business units to close down.
(5) None of these
All commercial banks demand deposit liabilities may decrease as a result of _____.
(1) An inflow of cash
(2) A decrease in loans
(3) An increase in security holdings (4) The chasing of a cheque by an individual or a firm.
(5) None of these
Which of the following is not a component of foreign aid of a country ?
(1) Bilateral grant
(2) Multilateral grant
(3) Loans from international financial institutions
(4) Commercial borrowing
(5) None of these
Which of the following represents priority sector lending by commercial banks in India ?
(A) Lending to heavy industries.
(B) Lending to foreign companies.
(C) Lending to agriculture, small scale industries and the weeker sections of the society.
(1) A and B
(2) Only C
(3) A, B and C
(4) A and C
(5) None of these
In the post-liberalization period, the share of direct taxes in gross tax revenue in India has
________.
(1) Increased
(2) Decreased
(3) First increased and then decreased (4) Remained the same
(5) None of these
If the government chooses to spend money freshly printed by the RBI against government
securities,it should be kept in which among the following?
(1) Fiscal adjustment
(2) Retrenchment
(3) Mandatory Spending
(4) Deficit Financing
(5) None of these
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(3) RBI
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(2) Only B
(3) Only C
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(3) Drafts
(2) 6 months
(3) 4 months
(4) 3 months
(5) 45 days
When does the central Bank increase the minimum statutory cash reserve ratio of the commercial
banks ?
(1) When the economy is in deflationary condition
(2) When the central Bank aims credit expansion
(3) When the economy is in recession
(4) 1, 2 and 3
(5) None of these
Q.210.
Which one of the following represents capital adequacy ratio for commercial banks ?
(1) Ratio of capital to risk-weighted assets
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(2) Asset that serves as a temporary medium of exchange and has a store of value.
(3) Asset which adequately fulfill Store of value function and is readily convertible into a medium
of exchange but is not itself a medium of exchange.
(4) Asset which has a store of value & 100% liquidity
(5) None of these
Foreign Exchange Rates in India are determined by______
(1) RBI
(2) SEBI
(3) Planning Commission
(4) Market Forces of demand/supply (5) None of these
Which of the following term is used in banking ?
(1) Listing
(2) Open Market Operations
(3) Settlement Day
(4) Stock
(5) None of these
Which amongst the following banks used Tiny Cards with biometric identification as a part of the
financial inclusion ?
(1) SBI
(2) PNB
(3) ICICI
(4) Axis
(5) HDFC
Treasury bills are sold in India by(1) SEBI
(2) State Government
(3) RBI
(4) Commercial Banks
(5) None of these
Which of the following assets are considered as near money ?
(1) Bond
(2) Equity Shares
(3) Time deposits
(4) Traveller's cheques
(5) All of above
Forced saving refers to____
(1) Taxes on individual income & wealth
(2) Compulsory deposits imposed on income tax payers
(3) Provident fund contributions of private sector employees
(4) Reduction of consumption consequent to a rise in prices
(5) None of these
Which of the following would reduce the credit creation capacity of a commercial bank ?
(1) Time & Demand deposits
(2) Loans
(3) Cash in hand
(4) 1 & 2
(5) All of 1, 2 and 3
Which of the following does not form a part of the foreign exchange reserves of India ?
(1) Foreign currency & securities held by the banks & corporate bodies
(2) Gold
(3) SDR
(4) Foreign currency assets
(5) None of these
Gains in trade results from__
(1) Exporting as much as possible and receiving gold.
(2) Reallocation of existing goods between the two countries.
(3) The fact that exchange brings both specialization & reallocation of greater output & the
increased welfare in each country
(4) One country receiving both imports & exports
(5) None of these
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The Reserve Bank of India has been intervening in foreign exchange market of India and buying
dollors to ___.
(A) Check enhanced liquidity in the monetary system
(B) Build - up foreign exchange reserves for debt servicing and debt repayment.
(C) Prevent the rupee strenthening further there by acting as disincentive to export growth.
(1) Only A
(2) A and B
(3) Only C
(4) A and C
(5) None of these
Non-Performing assets of commercial banks means their loans _____.
(1) Fetching very low rate of Interests.
(2) For which interest/instalment has remained unpaid after due date.
(3) Given to sick industrial units .
(4) Have not been disbursed at all .
(5) None of these
Which of the following is not the feature of Real Time Gross Settlement (RTGS) ?
(1) Payments are settled transaction by transaction
(2) Settlement of funds is revocable.
(3) Settlement is done in real time.
(4) It is a fully secured system which uses digital signatures and public key encryption for
safe and secure message transmission.
(5) None of these
The definition of 'Banking' is given in _____.
(1) Negotiable Instrument Act. 1881.
(2) RBI Act, 1934
(3) The Banking Regulation Act, 1949
(4) The Indian Contract Act, 1872
(5) None of these
In the case of FCNR Accounts the payment of Interest is effected in _____.
(1) Indian Rupee
(2) Only in pound
(3) Same currency in which deposit stands.
(4) Yen
(5) None of these
The commercial paper is issued to raise deposits by _____.
(1) Commercial Banks
(2) Reserve Bank of India
(3) Every Non-Banking company
(4) State Bank of India
(5) None of these
The Methods of credit control used by the RBI can be divided into _______.
(1) Long-term and short term
(2) Rural and Urban
(3) Qualitative and Quantitative
(4) Monetary and Fiscal
(5) None of these
Increase in Bank rate is generally followed by ____.
(1) An increase in market rates of interest
(2) A fall in market rates of interest
(3) A rise only in the deposit rates but not the lending rates.
(4) A rise only in the base rates
(5) None of these
Which one of the following banks creates credit ?
(1) Reserve Bank of India
(2) Commercial Bank
(3) Industrial Banks
(4) Land Mortgage Banks
(5) None of these
GENERAL AWARENESS
Mahendra's
Q.230.
Q.231.
Q.232.
Q.233.
Q.234.
Q.235.
Q.236.
Q.237.
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Q.239.
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Q.241.
Mahendra's
GENERAL AWARENESS
Q.242.
Q.243.
Q.244.
Q.245.
st
st
st
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Q.246.
Q.247.
Q.248.
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Q.251.
Q.252.
GENERAL AWARENESS
Mahendra's
Q.253.
Q.254.
(1) A and C
(4) Only A
(3) Only C
Q.257.
Q.258.
A group of countries which has abolished all Traffis and also quantitative restrictions between
themselves is called ________.
(1) Economic Union
Which one of the following is not a priority sector lending by Commercial Banks in India at present ?
(1) Agriculture
(3) Export
Many times we read that a corporate entity is in the process of raising its capital base. Why is a
company required to raise money to strengthen its capital base?
(A) To finance its expansion plans
(B) To finance its diversification plans
(C) To repay its loans and borrowings
(1) Only A
Q.259.
(2) Only B
(3) Only C
Q.260.
Q.261.
Q.262.
(3) IDA
(4) IFC
Variable Reserve Ratio and Open Market Operations are instruments of ------------(1) Fiscal policy
In which year SMERA (Small & Medium Enterprises Rating Agency) was established ?
(1) 2002
Q.263.
(2) IBRD
(2) 2005
(3) 2008
(4) 2001
Mahendra's
GENERAL AWARENESS
Q.264.
Q.265.
Q.266.
Q.267.
Q.268.
Q.269.
Q.270.
Q.271.
Q.272.
Q.273.
Q.274.
Consider the following statements regarding the features of the Indian money market---(A) It finds avenues for profitable investment for short -term surplus
(B) It opens the door for the Commercial Banks to occupy a strategic position in regulating
money market.
(C) It provides short- term funds for Banks.
Which of the statements given above is/are correct ?
(1) Only A
(2) Only B
(3) A and C
(4) All A,B and C
(5) None of these
If the Reserve Bank of India sells securities in the market it will result in ------------------(1) An immediate change in the Bank rate
(2) A fall in the market rate of interest
(3) An increase in loans to Bank customers
(4) A reduction in Bank deposits
(5) None of these
The majority of Central Government enterprises belong to the ---------(1) Public corporations
(2) Public limited companies
(3) Private limited companies
(4) Departmental organisations
(5) None of these
The Central Bank can decrease the Bank credit component of the money supply by -----------(1) Lowering the cash reserve requirements
(2) Increasing the Bank rate
(3) Lowering the Bank rate
(4) Buying of government securities
(5) None of these
Parallel Economy is also referred as ---------(1) Grey Market
(2) Black Market
(3) Black Economy
(4) Both 1and 2
(5) None of these
Which of the following was the first commercial Bank of limited liability managed by Indians ?
(1) Punjab National Bank
(2) Oudh Commercial Bank
(3) Imperial Bank of India
(4) Bank of Baroda
(5) None of these
--------------- is an agreement where by an issuing Bank at the request of the importer (Buyer)
undertakes to make payment to the exportor (Beneficiary) against stipulated documents.
(1) Bills of exchange
(2) Letter of exchange
(3) Letter of credit
(4) Bill of entry
(5) None of these
What are Time Liabilities ?
(1) The liabilities which Bank have to pay on demand
(2) The liabilities which Bank have to pay after specific time period.
(3) The liabilities which Bank have to pay to the Reserve Bank of India
(4) The liabilities which Bank have to pay to the central government
(5) None of these
Regional Rural Banks are classified under --------------(1) Land mortgage Banks
(2) Co-operative Banks
(3) Commercial Banks
(4) Public sector Banks
(5) None of these
As we all know that Reserve Bank of India manages the circulation of currency. In this context which
of the following decides the currency denomination value ?
(1) Planning Commission
(2) Reserve Bank of India Itself
(3) Government of India
(4) Finance Commission
(5) None of these
The country's First ever socio-economic and caste census to identify people living below poverty
line was recently started from a tribal village Sankhola in _____
(1) Tripura
(2) Assam
(3) West Bengal (4) Maharashtra
(5) None of these
GENERAL AWARENESS
Mahendra's
Q.275.
Q.276.
Q.277.
Q.278.
Q.279.
Q.280.
Q.281.
Q.282.
Q.283.
Mahendra's
GENERAL AWARENESS
Q.284.
Q.285.
Q.286.
Q.287.
Q.288.
Q.289.
Q.290.
Q.291.
Q.292.
Q.293.
Q.294.
If there is an inflationary trend in the economy what would be the trend in the pricing of the Bank
products ?
(1) Constant trend
(2) Increasing trend
(3) Decreasing trend
(4) There is no relevance of the inflation in pricing of the banking products
(5) None of these
For a closed economy having no foreign trade which one of the following is correct ?
(1) GDP > GNP
(2) GDP < GNP
(3) GDP = GNP
(4) GDP < GNP
(5) None of these
The ability of a commercial Bank to increase its loans and Investment depends on its _______.
(1) Holding of government securities (2) Cash position
(3) Excess Cash reserves
(4) Outstanding loans and investments
(5) None of these
'Economic Development' is a _______.
(A) Continuous process
(B) Short-term process
(C) Long term process
(1) Only C
(2) A and C
(3) Only A
(4) A and B
(5) None of these
Which of the following is not a feature of Microfinance ?
(1) It provides gainful financial services to unemployed and low-income individuals.
(2) It promotes saving of money by individuals.
(3) Interest rates are generally lower than those offered by normal banks.
(4) Micro finance operations make profit from the poor.
(5) None of these.
Which of the following is not the part of the scheduled banking structure in India ?
(1) Money Lenders
(2) Public Sector Banks
(3) Private Sector Banks
(4) Regional Rural Banks
(5) State Co-operative Banks
Which of the following cannot be called as a value Added service offered by a Bank?
(1) Special accounts for poor sections of the society
(2) Accident insurance cover
(3) Instant Credits of Outstation Cheques
(4) Free cheque book
(5) All are value Added services
Opening the Saving Bank Account of a minor girl will be called as which of the following in Banking
terminology ?
(1) Retail Banking
(2) Merchant Banking
(3) Institutional Banking
(4) Social Banking
(5) Corporate Banking
Which of the following terms is NOT used in Banking Sector?
(1) SLR
(2) NPA
(3) Credit Rating(4) Fixed Deposit
(5) PURA
Banking Sector will fall under which of the following sectors?
(1) Agriculture Sector
(2) Service Sector
(3) Manufacturing
(4) Industrial Sector
(5) None of these
Which of the following is NOT a measure of the Risk Management in Banks ?
(1) CRR
(2) RTGS
(3) SLR
(4) Deposit Insurance
(5) All are the measures of risk management
GENERAL AWARENESS
Mahendra's
Q.295.
Q.296.
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Q.301.
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Q.307.
Which of the following Acts was framed to deal more effectively specially with the problem of NonPerforming Assets in banking system?
(1) SARFAESI ACT
(2) Banking Regulation Act.
(3) Foreign Exchange Management Act
(4) Industrial Dispute Act.
(5) None of these
Many times we read a term CBS used in banking operation. What is the full form of the letter 'C' in the
term 'CBS'?
(1) Core
(2) Credit
(3) Continuous
(4) Complete
(5) None of these
Name any E-Banking service which is based on voice processing facility ?
(1) Any time banking
(2) Tele-banking
(3) On-line banking
(4) Any where banking
(5) None of these
Non Performing Assets are those assets which are overdue for a period of more than ?
(1) 90 days in interest and/or installment in term of loan.
(2) 90 days out of order in case of over draft/cash credit. Bills purchased and Bills discounted.
(3) 2 harvest seasons for advances for cultivation of short duration crops.
(4) All of the above
(5) None of these
_______has been set up for exchange of credit information among its members ?
(1) DICGCI
(2) CIBIL
(3) ECGL
(4) EXIM Bank
(5) None of these
Basel - II norms are associated with sector.
(1) Banking
(2) Insurance
(3) Share
(4) All of the above
(5) None of these
Which among the following is also known as Pacific Rim trade IBSA ?
(1) APEC
(2) ASEAN
(3) SAARC
(4) IBSA
(5) IBRD
Which one of the following will setup core banking infrastructure for rural banks ?
(1) RBI
(2) NABARD
(3) SIDBI
(4) IBA
(5) None of these
Who is the Ex-Officio chairmain of Niti Aayog ?
(1) The President
(2) The Finance Minister
(3) The Prime Minister
(4) The Chief of CSO
(5) None of these
Which of the following is correct regarding the Gross Domestic Saving in India?
(1) Contribution of household sector is the largest
(2) Contribution of govt. sector is the largest
(3) Contribution of corporate sector is the largest
(4) All of the above
(5) None of these
Gilt-edged market means________
(1) Bull market
(2) Market of govt. securities
(3) Market of guns
(4) Market of Pure metals
(5) None of these
Who is the Chairman of ISRO at present?
(1) Pradeep Kumar
(2) K. Radhakrishnan
(3) A.S. Kiran Kumar
(4) Rakesh Sood
(5) None of these
What do you understand by "Para Banking" services ?
(1) Eligible financial services rendered by bank
(2) Utility services provided by bank
(3) Services provided through business correspondent
(4) Services provided to armed force personnel
(5) None of these
Mahendra's
GENERAL AWARENESS
Q.308.
Q.309.
Q.310.
Q.311.
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Q.315.
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Q.317.
Q.318.
Q-319.
Goods and Services Tax (GST), would replace which of the following tax/taxes ?
(A) Income Tax
(B) Corporate Tax
(C) Value Added Tax (VAT)
(1) Only A
(2) Only B
(3) Only C
(4) All A, B and C (5) None of these
GENERAL AWARENESS
Mahendra's
Q-320.
Agricultural taxation in India is difficult because of (1) Scattered nature of land holdings
(2) Seasonality of production
(3) The fact that agriculture is not taxed any where in the world
(4) Increasing overhead cost of tax collection and the lack of political will
(5) None of these
Q-321.
Kisan Credit Card Scheme (KCC) was introduced in 1998-99 to improve the credit delivery to
farmers. Which one of the following does not operate this scheme ?
(1) NABARD
(2) Co-operative Banks
(3) Regional Rural Banks
(4) Schedules Commercial Banks
(5) None of these
Q-322.
Which one of the following is a source of non-tax revenue for Government of India ?
(1) Import duty on cars
(2) Octroi at cheek points on roads
(3) Entrance fee on museums
(4) Excise duty on beverages
(5) None of these
Q-323.
Many a times we read in newspapers a term CBS. What does B denotes in the term 'CBS' ?
(1) Business
(2) Banking
(3) Base
(4) Bond
(5) None of these
Q-324.
(3) A and C
Q-325.
Small loans provided by the Banks to very poor families without any collateral security is popularly
known as
(1) Personal finance
(2) Project finance
(3) Macro finance
(4) Micro finance
(5) None of these
Q-326.
"One Family One Bank" tagline is associated with a PSB Bank. The Public Sector Bank (PSB) in the
Question is
(1) Canara Bank
(2) Bank of Maharashtra
(3) Bank of India
(4) Corporation Bank
(5) None of these
Q-327.
Co-operative movement in which of the following section of the indian economy has been highly
successful ?
(1) Small scale sector
(2) Milk production
(3) Transport sector
(4) Energy sector
(5) None of these
Q-328.
An indicator currently used by United nations development programme (UNDP) for measure ment
of the quality of people's life is known as
(1) Human development Index
(2) Average expectancy of life
(3) Per capita income
(4) Standard of living index
(5) None of these
Q-329.
Which of the following agencies was set up to promote new technological inputs in rural sector ?
(1) CAPART
(2) HUDCO
(3) SIDBI
(4) IDBI
(5) None of these
What are the objective taken by NABARD to improve the Rural Banking infrastructure ?
(1) For the development of education in rural area
(2) For the development of health of women and children
(3) For availability of food grains
(4) For insuring Prosperity and Progress integrated development of rural areas
(5) None of these
Q.330.
Mahendra's
GENERAL AWARENESS
Q.331.
Q.332.
Q.333.
Q.334.
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Q.336.
Q.337.
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Q.341.
GENERAL AWARENESS
Mahendra's
Q.342.
Q.343.
Q.344.
Q.345.
Q.346.
Q.347.
Q.348.
Q.349.
Q.350.
Q.351.
Q.352.
Which of the following agencies/organizations in India maintains the Micro Finance Development
and equity fund?
(1) Confederation of Industries in India.
(2) Indian Bank's Association
(3) Small industries Development Bank of India
(4) Reserve Bank of India
(5) None of these
In the term of economics, the recession occuring two times with a small gap in between is known as (1) Double Deflation
(2) Deflation
(3) Deep Recession
(4) Double Dip Recession
(5) None of these
Which of the following terms is not used in Economics?
(1) Balance of Payment
(2) Call Money
(3) National Debt
(4) Elasticity of Demand
(5) Boyle's Law
The Reserve Bank of India is regularly revising upwards the repo and reverse repo rates. Why is
this being resorted to?
(1) To check inflationary pressures in the economy
(2) To Curb growth of black money
(3) To encourage rise in interest rates on deposits.
(4) To make bank loan costiler
(5) None of these
'Sub Prime Lending' is a term applied to the loans made to(1) Those borrowers who do not have a good credit history.
(2) Those who wish to take loan against the mortgage of tangible assets.
(3) Those who have a good credit history and are known to bank since 10 years.
(4) Those borrowers who are most preferred customers of the bank.
(5) None of these
Expand the term ALM as used in Banking/Finance sector?
(1) Asset Liability Mismatch
(2) Asset Liability Maturity
(3) Asset Liability Management
(4) Asset Liability Manpower
(5) None of these
Basel - II norms are associated with which of the following aspects of the banking industry?
(1) Risk Management
(2) Manpower Planning
(3) Retirement benefits for the employees
(4) Corporate governance
(5) None of these
What is stagflation?
(1) Inflation with growth
(2) Deflation with growth
(3) Inflation after deflation
(4) Inflation with recession
(5) None of these
SEBI is a (1) Statutory body
(2) Advisory body
(3) Constitutional body
(4) Non-Statutory body
(5) None of these
Which statement is correct for the Planning Commission of India?
(1) It is not defined in Indian Constitution
(2) Its members and Deputy Chairman do not have any fixed working duration
(3) Its members do not require any minimum qualification.
(4) All above are true
(5) None of these
As per the new guidelines issued by RBI, the minimum required capital to set up a bank by
corporates is set at ________.
(1) Rs. 600 crore
(2) Rs. 700 crore
(3) Rs. 400 crore
(4) Rs. 500 crore
(5) None of these
Mahendra's
GENERAL AWARENESS
Q.353.
Q.354.
Q.355.
Q.356.
Q.357.
Q.358.
Q.359.
Q.360.
Q.361.
Q.362.
Q.363.
The economy of India is/are facing which of the following problem/problems now a days?
A. Huge trade deficits.
B. Disequilibrium in balance of payments.
C. High inflation and high food and commodity prices.
(1) Only A
(2) Only B
(3) A and C
(4) Only C
(5) None of these
The primary monetary policy technique employed by the Reserve Bank of India is ________.
(1) Reserve requirements
(2) Open market operations
(3) Discount policy
(4) Margin requirements
(5) None of these
When a bank writes off a loan as bad, its ________.
(1) Total assets and total liabilities decreases by that amount.
(2) Total liabilities and capital decreases by that amount.
(3) Total assets and capital decreases by that amount.
(4) Total assets, total liabilities and capital decreases by the amount.
(5) None of these
Which of the following organisations maintains CRR?
(1) SEBI
(2) RBI
(3) Ministry of Finance
(4) NABARD
(5) None of these
Many a times we read in financial newspapers about channel financing. 'Channel Financing' is/are
associated with ________.
(A) SME lending (B) Supply chain finance
(C) Retail lending
(1) Only A
(2) Only B
(3) A and C
(4) Only C
(5) None of these
Invisible export means export of ________.
(1) Services
(2) Prohibited goods
(3) Unrecorded goods
(4) Goods through smuggling
(5) None of these
Which of the following is not the part of prudential guidelines issued by Reserve Bank of India?
(1) Provisioning
(2) Loan recovery rules
(3) Asset classification
(4) Income recognition
(5) None of these
Payment of a cheque cannot be made on a cash counter of bank, if the cheque is ___
(1) Bearer
(2) cross
(3) order
(4) All of above
(5) None of these
Bank draft is a _______
(1) letter from the bank
(2) cheque which a bank draws itself
(3) Instruction to a banker to collect a customer's debt.
(4) Instruction not to honour a stop payment
(5) None of these
Which is not an example of near money?
(1) Bill of exchange
(2) Govt. bonds and debentures
(3) Equity shares of Ranbaxy company limited
(4) Treasury bills of the Government of India
(5) None of these
Demand pull inflation can be caused by money factors including _______
(1) a fall in the consumption expenditure
(2) a sharp increase in the unemployment
(3) a steep reduction in the direct taxation
(4) an increase in the income tax
(5) None of these
GENERAL AWARENESS
Mahendra's
Q.364.
Q.365.
Q.366.
(2) an overdraft
(3) a cheque
Which of the following banks were merged into to form Imperial Bank of India?
(1) Bank of Bengal
(5) 1, 2 and 3
Q.367.
Q.368.
For which of the following banks, did RBI introduce the scheme protected disclosure?
(1) SBI
(2) UTI
(3) IDBI
(4) ICICI
(4) 1 and 3
(5) 2 and 3
Q.369.
'The Decade of Action for Road safety' campaign by ___________ was launched in India recently.
(1) World Bank
Q.370.
Q.371.
(3) WTO
Q.372.
(2) UNO
(2) 2009-2014
(4) 2007-2012
RBI's open market operation transactions are carried out with a view to regulate _______
(1) Liquidity in the economy
(3) Inflation
Q.376.
(1) 2012
(2) 2013
(3) 2014
(4) 2015
Mahendra's
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Q.377.
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Q.386.
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GENERAL AWARENESS
Mahendra's
Q.390.
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Mahendra's
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Q.401.
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th
nd
nd
GENERAL AWARENESS
st
Mahendra's
Q.412.
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Q.426.
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Q.428.
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Q.434.
In addition to cash dispensing, the other services/facilities available at ATMs includes _____.
(A) Account information
(B) Purchase of Re-load Vouchers for mobiles
(C) Loan account enquiry
(1) Only A
(2) Only B
(3) Only C
(4) All A, B and C (5) None of these
An EEFC (Exchange Earner's Foreign Currency) account can be held only in the form of ____.
(1) Saving Account
(2) Current Accoun
(3) Fixed Deposit Account
(4) Nostro Account
(5) None of these
Reserve Bank of India relies on data submitted by Banks and quality of data is of great importance.
In order to meet the need for correct and consistent data, RBI has initiated the project on ADF. What
is the full form of ADF?
(1) Automated Data Flow
(2) Automatic Document Feeder
(3) Automatically Defined Function
(4) Automatic Direction Finder
(5) None of these
Consider the following:(A) Public Sector Undertakings
(B) Private Sector Companies
(C) Ministries and Departments
Which among the above are eligible for Indira Gandhi Rajbhasha Awards for outstanding
achievements in the implementation of Hindi ?
(1) A & C
(2) A & B
(3) B & C
(4) A, B & C
(5) None of these
Where is located Indias first operational special economic zone (SEZ) ?
(1) Ahmedabad
(2) Surat
(3) Jaipur
(4) Indore
(5) None of these
Who among the following are the beneficiaries of the Reverse Mortgage Scheme. ?
(1) Government Employees
(2) Senior Citizens
(3) Unemployed Persons
(4) Persons of BPL Category
(5) None of these
Under which among the following acts, Hawala transactions are banned in India ?
(1) FERA
(2) FEMA
(3) FRBMA
(4) AFSPA
(5) None of these
Consider the following:
(A) Liquidity Adjustment Facility
(B) Devaluation of Currency
(C) Open Market Operations
Which among the above are Fiscal Measures?
(1) A & B
(2) B & C
(3) A & C
(4) Only B
(5) None of these
Which among the following terms is commonly not associated with Budgets in India?
(1) Outcome Budget
(2) Gender Budget
(3) Austerity Budget
(4) Gross Budgetary Support
(5) None of these
Which of the following is not helpful in controlling the money supply ?
(1) Changes in reserve requirements (2) CRR
(3) Open market policy
(4) Bank rate
(5) None of these
Which of the following is a form of "Small Savings Bank" popular among the poor or children ?
(1) Core Banking
(2) Credit Banking
(3) Debit Card
(4) Merchant Banking
(5) Piggy Banking
GENERAL AWARENESS
Mahendra's
Q.435.
Q.436.
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Mahendra's
GENERAL AWARENESS
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Q.449.
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GENERAL AWARENESS
Mahendra's
Q.455.
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Mahendra's
GENERAL AWARENESS
Q.464.
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Q.474.
Q.475.
Which of the following organizations is created specially for providing credit to small and medium
enterprises in India ?
(1) NABARD
(2) SIDBI
(3) ECGC
(4) AMFI
(5) None of these
What is full form ofNBFCas used in financial sector ?
(1) New Banking Finance Corporation
(2) Non Banking Finance Company
(3) New Business Formation Company
(4) Net Banking & Finance Cooperative
(5) None of these
Which of the following terms is NOT used in the field of Banking / Finance ?
(1) Goods & Services
(2) Refund
(3) Tax Deducted at Source
(4) Fundamental Duties of a citizen
(5) Relief to exporters
What does the letter V denotes in the term VAT as used in banking world ?
(1) Valuable
(2) Various
(3) Vendor
(4) Very
(5) Value
Which of the following is called the World Bank ?
(1) International Monetary Fund
(2) Asian Development Bank
(3) World Trade Organisation
(4) International Bank for Reconstruction and Development
(5) None of these
We frequently read about ' MFI' in newspapers. What is the full form of this term, which is used in
financial sector ?
(1) Micro Finance Institutions
(2) Micro Functional Issues
(3) Mutual Funds in India
(4) Monetary Forum of India
(5) Monetary and Financial Institutes
With reference to Banking, The 15th day of a month is known as _________
(1) Banking Day
(2) Customer's Day
(3) Holiday
(4) Complaints Day
(5) None of these
'A customer is a person who maintains an account with a Bank' This definition of the customer is as
per _____________.
(1) Banking Regulation Act,1949
(2) Negotiable Instrument Act,1881
(3) RBI Act,1934
(4) KYC guidelines of RBI
(5) None of these
Which of the following cannot be endorsed ?
(1) Fixed deposit receipt
(2) Bank draft
(3) Promissory note
(4) Cheque
(5) None of these
Which of the following conducts supervision over Commercial Banks, Financial Institutions, NBFCs
and other Para - Banking financial institutions in India ?
(1) SEBI
(2) Ministry of Finance
(3) Board for Financial Supervision, RBI
(4) Ministry of Corporate Affairs
(5) None of these
The Export - Import Bank of India was set up in _______
(1) April 1982
(2) January 1982 (3) April 1970
(4) July 1969
(5) None of these
In India, the Real Time Gross Settlement has been implemented by ___________
(1) SEBI
(2) IRDA
(3) RBI
(4) Ministry of Finance
(5) None of these
GENERAL AWARENESS
Mahendra's
Q.476.
Q.477.
Q.478.
Q.479.
Q.480.
Q.481.
Q.482.
Q.483.
Q.484.
Q.485.
Q.486.
The maximum no. of transactions by a customer by using ATM of other Bank is _________
(1) 8 per month
(2) 5 per month
(3) 2 per month
(4) 3 per month
(5) None of these
The full form of SPNS is __________
(1) Shared Payment Network System (2) Sharing Process Network System
(3) Shared Procedural Network System (4) Shortest Possible Networking System
(5) None of these
The Tagline "Where every individual is committed" is associated with which of the following Banks ?
(1) Punjab National Bank
(2) Oriental Bank of Commerce
(3) Indian Overseas Bank
(4) Syndicate Bank
(5) None of these
"Doha Development Round" is related with which of the following organization ?
(1) World Bank
(2) World Trade Organisation
(3) International Monetary Fund
(4) Asian Development Bank
(5) None of these
The rate at which Banks borrow money from the Reserve Bank is called ___________.
(1) Repo rate
(2) Reverse repo rate
(3) Bank rate
(4) Base rate
(5) None of these
The Banking Ombudsman Scheme 2006 Covers _________
(A) Commercial banks
(B) Regional rural banks
(C) Scheduled Primary Co-operative Banks
(1) Only A
(2) Only B
(3) All A, B and C
(4) Only C
(5) None of these
In case of a demand draft is issued, the liability of the bank will be _________
(1)Demand liability
(2) Time liability
(3) Current liability
(4) Long term liability
(5) None of these
All commercial banks including branches of foreign banks functioning in India, local area banks and
regional rural banks are insured by the DICGC. What is the full form of DICGC ?
(1) Deposit Insurance and Credit Guarantee Company
(2) Deposit Insurance and Credit Guarantee Corporation
(3) Direct Insurance and Credit Guarantee Corporation
(4) Direct Insurance and Credit Guarantee Company
(5) None of these
Name a Poverty Eradication Programme in which banks played the dominant role?
(1) IRDP
(2) MNP
(3) Rojgar Bima Yojana
(4) Jawahar Rojgar Yojana
(5) None of these
Which pair is not correct ?
(1) EXIM Bank - Financing for export-import
(2) RBI - Banker's bank
(3) IDBI - Industrial Finance
(4) FCI - Financial assistance to commercial institutions.
(5) All are correct
The minimum paid-up capital requirement at present for new Private Bank in India is -------.
(1) ` 100 crore
(2) ` 200 crore
(3) ` 500 crore
(4) ` 600 crore
(5) None of these
Mahendra's
GENERAL AWARENESS
Q.487.
Q.488.
Q.489.
Q.490.
Q.491.
Q.492.
Q.493.
Q.494.
Q.495.
Q.496.
Q.497.
Q.498.
GENERAL AWARENESS
Mahendra's
Q.1.(3)
Q.2.(4)
Q.3.(1)
EXPLANATION
Q.6.(3)
In Open unemployment people are willing Q.30.(4) Code sharing is term related to Air
Transport Industry.
to work but they do not get it.
Credit Policy (also called monetary policy) Q.31.(3) WADA is related to Dope Testing.
Q.7.(4)
Q.5.(2)
Q.12.(4) Never
Q.14.(2) India got a new consumer price inflation Q.37.(2) In Indian economy m and m are. present.
It measures the total monetary resources
measure, which could offer a much better
of the country.
picture of price movements at the
consumer-level across the country.
Q.38.(4) National Income is monetry value of all
final goods and services of a
Q.15.(1) FDI limit in Public Sector Bank is 20%.
country.
Q.16.(4) It is 940 females over 1000 males in
census 2011 as compared to 933 females Q.39.(3) In India First Five year plans are formed by
planning commission in 1951.
in 2001 census.
1
Q.20.(1) Call Money market is related to Share Q.41.(3) A debenture holder is a person or an
Market it is controlled by SEBI.
organization that has lent money to a
company or firm in the form of debentures
Q.21.(2) Finance commission is included in Article
or loan.
280 of Indian constitution.
Q.22.(1)
Q.23.(1)
Q.24.(3)
Q.25.(1)
Q.26.(3)
Q.27.(3)
Q.28.(2)
Mahendra's
GENERAL AWARENESS
Q.44.(2) Non-performing assets, also called non- Q.56.(3) This is to improve the present status of
performing loans, are loans, made by a
women in agriculture and to enhance the
bank or finance company, on which
opportunities for her empowerment and is
repayments or interest payments are not
a sub component of National Rural
being made on time.
Livelihood Mission.
Q.45.(4) The departments under finance ministry Q.57.(5) All are development banks.
are:
Q.58.(5) Bank of Sweden Prize is another name for
(A) Economic Affairs
Noble Prize for Economics.
(B) Expenditure
(C) Revenue
(D) Financial Services
(E) Disinvestment
Q.46.(2) Aixs bank is a private sector bank in India.
Q.61.(2)
Q.47.(3) IDR is an instrument in the form of a
Depository Receipt created by the Indian
depository in India against the underlying
equity shares of the issuing company.
Q.62.(1)
Q.48.(1) Income Recieved by public borrowing
th
Five
Q.49.(1) Interbank Mobile Payment Service (IMPS) Q.63.(3) Gilt - Edged market means Market of
Government Securities.
launch on 22nd November 2010 by
Shyamala Gopinath, DG RBI at Mumbai Q.64.(4) A unit-linked insurance plan (ULIP) is a
and this service is now available to the
type of life insurance where the cash value
Indian public. IMPS offers interbank
of a policy varies according to the current
electronic fund transfer service through
net asset value of the underlying
mobile phones.
investment assets.
Q.50.(1) National Security Depository limited.
Q.65.(3) Currency devaluation takes place when
Q.51.(3) All are true.
Q.53.(3) Badla is a carry forward system in stock Q.67.(4) Narrow Banking restrict banks to hold
liquid and safe government bonds
trading.
Q-54.(3) A committee on capital account Q.68.(3) This exchange rate is used to determine an
individual country's currency value relative
convertibility was setup by the Reserve
to
the other major currencies in the index,
Bank of India (RBI) under the
as
adjusted for the effects of inflation.
chairmanship of former RBI deputy
governor S.S. Tarapore to "lay the road Q.69.(4) All are true.
map" to capital account convertibility.
Q.70.(4) IRDA allows portability shifting of policies
from one insurer to another on same terms
Q-55.(5) Prime Minister, Dr. Manmohan Singh,
from
July 1, 2011.
inaugurated a call centre 'Udyami Helpline,
which will give details about business Q.71.(3) Equity (finance), the value of an ownership
possibilities and loan facilities to
i n t e r e s t i n p r o p e r t y, i n c l u d i n g
entrepreneurs keen on setting up small
shareholders' equity in a business.
units.
Q.72.(1)
GENERAL AWARENESS
Mahendra's
Q.109.(3)
Q.85.(2) 1998
Branch Banking.
Near money is a term used in economics to
describe highly liquid assets that can be
easily converted into cash.
Q.113.(1)
Q.114.(1) Amount of gold that each member country
of IMF contributes as part of its
membership obligations to the fund and
can borrow when need arises.
Q.115.(3) It was launched with an aim of enhancing
farm profits, creating employment
opportunity, restoring soil fertility.
Q.94.(4) It is a condition of high inflation in period of Q.118.(3) Employee Stock Option Plan
high unemployment
Q.119.(3) Fiat money is money that has value only
Q.95.(2) Cash reserve ratio is a part of RBI's monetary
because of government regulation or
policy and all other are the steps taken by
law.
government in its fiscal policy
Mahendra's
GENERAL AWARENESS
Q.150.(1)
Q.131.(4) BANKNET
Q.132.(2)
Q.152.(2)
Q.133.(3) Gold standard is a monetary system in
which the standard economic unit of
account is a fixed mass of gold.
Q-153.(2)
Q.134.(4) Safe Deposit
Q.138.(4) Paid up capital is the total amount of Q-156.(2) Sales Tax. Because the Tax is not borne by
shareholder capital that has been paid in
the producer on whom it is imposed , but is
full by shareholders
passed on to the consumer.
GENERAL AWARENESS
Mahendra's
Q.192.(3)
Q.196.(2)
Q.197.(1) It aims at 50 food parks to minimize
damage to huge amount of fruits and
vegetables in the absence of wider
network of food processing units
Mahendra's
Q.199.(3)
Q.200.(1)
GENERAL AWARENESS
Q.204.(5)
Q.205.(4)
Q.206.(4)
Q.207.(2)
Q.208.(4)
Q.209.(5)
inflation and when the central bank aims Q.226.(1) Commercial paper is a money - market
credit contraction.
security issued by large commercial banks
to meet short term debt obligations.
Q.210.(1)
Q.211.(3) Assets that can be quickly convertible into Q.227.(3) The methods used by the RBI for credit
control are qualitative and quantitative.
cash.
Q.228.(1) Increase in Bank rate is generally followed
by an increase in market rates of Interest.
Q.212.(4)
Mahendra's
Q.236.(4) Regulation of financial institutions is not an Q.254.(3) Creation of credit is a function performed
objective fiscal policy.
by the commercial Banks in a country.
Q.237.(3) Education is not included in Infrastructure Q.255.(2) The Reserve Bank of India follows
in India.
Minimum Reserve System of Note Issue.
Q.238.(3) The National Agricultural Insurance Q.256.(4) Free Trade Area means a group of
Scheme was started by the government of
countries which abolished all Tariff and
India in 1999.
quantitative restriction between
themselves.
Q.239.(1) Interest on national debt is included in
GNP.
Q.257.(3) Export
Q.273.(3) Government of India deades the currency Q.286.(3) The ability of a Commercial Bank to
increase its loans and Investment depends
denominatio value.
on its excess reserves.
Q.274.(1) The country's first ever socio-economic
and caste census was started from Q.287.(2) Economic Development is a continuous
and long term process.
Hezamara in Tripura state.
Q.275.(4) Spandana is India's leading microfinance Q.288.(5) Microfinance is a type of banking service
that is provided to unemployed or lowinstitutions. It provides financial service
income individuals or groups who would
towards lower income customers,
otherwise have no other means of gaining
primarily women.
financial services. Microfinance provides
Q.276.(3) The Central Bank increases the minimum
low income people an opportunity to
Statutory cash reserve ratio of the
become self-sufficient by providing a
Commercial Banks when the economy is
means of saving money, borrowing money
experiencing Inflation and the Central
and insurance.Interest rates charged by
Bank aims credit contraction.
microfinance institutions are generally
Q.277.(4) The primary objective of selective credit
lower than those offered by normal banks,
control is to influence allocation of credit
some opponents of this concept condemn
among different borrowers and users.
microfinance operations for making profits
off of the poor.
Q.278.(2) All the given three quantitative measures
i.e. changing the bank rate, open market Q.289.(1)
operations and increasing the cashQ.290.(4) Cheque Book is not a value added service
reserve ratio are taken by RBI to control
offered by a bank.
inflation.
Q.291.(1)
Q.279.(2) Bank rate refers to the rate at which
Central Bank rediscount bills of exchange Q.292.(5) PURA stands for Provision of Urban
Amenities in Rural Areas
of Commercial Banks.
Q.280.(1) Deposits with the Central Bank and cash in Q.293.(2) Banking Sector comes under Service
Sector.
hand reduce the money available for credit
creation.
Q.294.(2) The acronym 'RTGS' stands for Real Time
Gross Settlement, which can be defined as
Q.281.(1) Short term commercial borrowings is
the continuous (real-time) settlement of
included in the capital account of balance
funds transfers individually on an order by
of payment.
order basis (without netting).
Q.282.(1) Frequent changes in the Bank rate leads to
the expansion and contraction in the flow Q.295.(1) The Securitisation and Reconstruction of
Financial Assets And Enforcement of
of money supply, thats why RBI placed the
Security Interest Act, 2002 (SARFAESI
greatest reliance on the Bank rate during
Act) is an Act to regulate securitisation and
the last ten years.
reconstruction of financial assets and
Q.283.(2) Foreign Exchange reserves includes the
enforcement of security interest and for
following componentsmatters connected therewith or incidental
1- Gold
thereto.
2- Special Drawing Rights (SDRs)
Q.296.(1) Q.297.(2)
Q.298.(4)
3- Foreign - currency assets
Q.299.(2) CIBIL
Q.301.(2) ASEAN
Mahendra's
Q.304.(1)
Q.305.(2)
Q.306.(3)
Q.307.(1)
Q.338.(4)
Q.316.(3) Tier -1 capital is the core measure of a Q.336.(1) Q.337.(4)
Bank's Financial strength from a Q.339.(1) Q.340.(3)
Q.341.(1)
regulatoris point of view.
Q.342.(4) Q.343.(1)
Q.344.(5)
Q.317.(3) Swabhiman Scheme is related with
Q.345.(1) Q.346.(1)
Q.347.(3)
Financial Inclusion.
Q.348.(1) Q.349.(4)
Q.350.(1)
Q.318.(3) Provision coverage ratio refers to the
percentage of the loan amount that the Q.351.(4)
Bank has set aside as provisions to meet Q.352.(4) The minimum required capital to set up a
an eventuality.
bank by a corporate entity is set at Rs.500
crore in comparison to the present
Q-319.(3) Goods and Services Tax will replace VAT.
requirement of Rs. 300 crore.
Q-320.(4) Due to Increasing overhead cost of tax
Q.353.(4) The economy of India now a days facing
collection and the lack of political will,
high inflation and high food and commodity
Agricultural Taxation in India is difficult.
problems.
Q-321.(1) NABARD does not operate the Kisan Q.354.(2) The primary monetary policy technique
Credit Card scheme.
employed by the Reserve Bank of India is
open market operations.
Q-322.(3) The sources of Non - Tax Revenue are Q.355.(3) When a Bank writes off a loan as bad, its
(1) Hospital fee on medical facilitics
total assets and capital decreases by that
(2) Entry fee on museums
amount.
(3) Income from Radio & T.V. Broadcasting
Q-323.(2) CBS stands for Core Banking Solution.
Q-324.(2) Agriculture is the backbone of Indian
economy as it employed 52% of the total
workforce.
Mahendra's
Q.358.(1) Invisible export means export of services Q.374.(3) These currency swaps help to limit or
manage exposure to fluctuations in
like consulting services, shipping services,
interest rates
tourism etc.
Q.359.(2) Loan recovery rules is not the part of Q.375.(3) The third of the Basel Accords was
developed in a response to the
prudential guidelines issued by Reserve
deficiencies in financial regulation
Bank of India.
revealed by the global financial crisis.
Q.360.(2) A crossed cheque is a cheque which is
payable only through a collecting banker Q.376.(2) M2 includes the amount of money in
circulation in notes and coin plus nonand not directly at the counter of the bank.
interest-bearing bank deposits, buildingQ.361.(2) A bank draft is traditionally a cheque drawn
society deposits, and National Savings
on a bank's funds
accounts.
Q.362.(3) Near money is highly liquid assets which
Q.377.(3) Contractual savings are in the form of
are not cash but can easily be converted
regular payments into long-term
into cash, such as bank deposits and
investments, such as pension schemes
Treasury Bills. Similar to cash equivalents.
Q.378.(2)
Q.363.(3) Due to steep reduction in direct taxes the
liquidity with people will be more, Q.379.(1) A foreign bank is a bank with head office
outside the country in which it is located.
subsequently, the aggregate demand will
become higher. Due to rising demand Q.380.(1)
more and more people will be employed so
that production can be maximized. Q.381.(1)
Eventually, this increase in output will Q.382.(4) Statutory Liquidity Ratio or SLR refers to
become smaller and the price of goods will
the amount that all banks require
rise due to capacity constraints.
maintaining in cash or in the form of Gold or
approved securities.
Q.364.(1) RBI acts as the lender of the last resort by
providing rediscount facilities to scheduled Q.383.(1) Excess liquidity in market
banks.
Q.384.(2) Good people to banks with
Q.365.(4)
Q.385.(1) CSO
Q.366.(5) Imperial Bank was formed after merging Q.386.(2) 1 Jan 1949
Bank of Bengal, Bank of Bombay and Bank
Q.387.(1) 2 lakh
of Madras.
Q.367.(4) ICICI Bank has launched Easy Cash Card. Q.388.(3)
st
Mahendra's
Q.406.(1)
Q.407.(4)
Q.416.(3) 188
Mahendra's
GENERAL AWARENESS
Mahendra's
Q.466.(4) Term Fundamental duties of a citizen is Q.483.(2) The Full form of DICGC is Deposit
Insurance And Credit Guarantee
NOT used in the field of Banking / Finance
Corporation .
Q.467.(5) The letter 'V' denote in the term 'VAT' is
value. The full form of VAT is Value Added Q.484.(1) The Integrated Rural Development
Programme (IRDP) is a rural development
Tax.
program of the Government of India
Q.468.(4) International Bank for Reconstruction and
launched in Financial Year 1978 and
Development is called the World Bank.
extended throughout India by 1980.
Q.469.(1) The full form of the term MFI is Micro
Q.485.(4) Food Corporation of India (FCI) was
Finance Institutions
established with the objective of fair
distribution of food grains and to bring
Q.470.(2) With reference to banking, The 15 day of a
about stability in the prices in India.
month is known as customer's day.
th
Q.471.(4) As per KYC guidelines of RBI 'A customer Q.486.(3) The minimum paid-up capital requirement
at present for new Private Bank in India is
is a person who maintains an account with
Rs. 500 crore.
a Bank'.
Q.487.(1) C r e d i t R a t i n g a n d I n f o r m a t i o n
Services of India Ltd (CRISIL) a
Q.473.(3) Board for Financial supervision, RBI,
global analytical company providing
conducts supervision over Commercial
ratings, research, and risk and policy
Banks, Financial Institutions, NBFCs and
advisory services.
other Para - banking financial institutions in
Q.488.(1) According to Banking Regulation Act, RBI
India.
can fix SLR upto the ceiling of 40%.
Q.474.(2) The Export - Import Bank of India was set
up in 1982 under the Export - Import Bank Q.489.(1) India Development Bond was issued in
1991-92 by SBI.
of India Act 1981.
Q.472.(1) Fixed deposit receipt cannot be endorsed.
Q.475.(3) In India, 'The Real Time Gross Settlement' Q.490.(1) Free Market Policy is not helpful in
controlling money supply.
has been implemented by Reserve Bank
of India.
Q.491.(1) The first public sector bank in India which
obtained license for Internet Banking from
Q.476.(4) The maximum no of transactions by a
RBI is Punjab National Bank.
customer by using ATM of other Bank is 3
per month.
Q.492.(4)
Q.477.(1) The full form of SPNS is Shared Payment
Q.493.(1) According to the Banking Regulation Act,
Network System.
nationalized bank can release a share of
total paid up capital up to maximum ceiling
Q.478.(2) The tagline "Where every individual is
of 49%.
committed" is associated with Oriental
Bank of Commerce.
Q.494.(1) The RBI's methods of credit control may be
broadly divided into Quantitative and
Q.479.(2) The Doha Development Round is the
Qualitative.
current trade - negotiation round of the
World Trade Organisation which
Q.495.(3) Security holdings is not a liability of
commenced in November 2001.
commercial banks.
Q.480.(1) The rate at which Banks borrow money
Q.496.(2) The oldest Central Bank in the world is the
from the Reserve Bank is called Repo rate
Bank of England.
Q.481.(3) The Banking Ombudsman Scheme 2006
Q.497.(1) General Insurance Corporation of India
covers Commercial Banks, Regional Rural
(GIC) was formed in1972.
Banks and Scheduled Primary CoQ.498.(4) 'Open Market Operations' mean sale or
Operative Banks.
purchase of Government securities in the
Q.482.(1) When a demand draft is issued, the liability
open market
of the bank will be demand liability.
Mahendra's
GENERAL AWARENESS