PREPARATORY QUESTIONS

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BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-01

Direction (Qs.1-20): Study the following given questions carefully and choose your answer from the given five options.

 

Question No : 1

Banks in India are regulated under _____

(1) Companies Act, 1956         

(2) Special powers conferred on the RBI  

(3) Banking Regulation Act, 1949     

(4) Reserve Bank of India Act, 1934   

(5) None of these

Question No : 2

Which of the following organizations/agencies works solely to monitor and arrange flow of

agriculture credit in India?

(1) NABARD            

(2) SIDBI         

(3) RBI

(4) SEBI          

(5) None of these

Question No : 3

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

Question No : 4

Insurance companies in India are regulated by _____

(1) AMFI         

(2) IRDA       

(3) SEBI          

(4) RBI

(5) NABARD

Question No : 5

The Indian economy can be described as?

(1) A developing economy  

(2) A backward and stagnant economy

(3) An underdeveloped economy       

(4) A developed economy      

(5) None of these

Question No : 6

Point out the correct answer out of the following ___

(1) IMF provides loan to correct short-run disequilibrium in balance of payments of country

(2) IMF provides loan to correct long-run disequilibrium in balance of payments of country

(3) IMF provides loan to correct short-run and long-run disequilibrium in balance of payments of a country

(4) All of the above purposes

(5) None of the above purposes

Question No : 7

Union Budget which is presented every year in the parliament is also known as _______

(1) General Budget  

(2) Statement of Allocation of funds

(3) Common Budget   

(4) Finance Report of the year

(5) Annual Budget

Question No : 8

Which of the following is not the name of a bank functioning in India?

(1) Central Bank of India        

(2) UCO Bank             

(3) Aegon Religare    

(4) Dena Bank             

(5) ICICI Bank

Question No : 9

When banks accept a fixed sum of money from an individual for definite term and pay on

maturity with interest, the deposit is known as ______

(1) term deposit                    

(2) demand deposit                

(3) bond          

(4) mortgage               

(5) advance

Question No : 10

Which of the following terms is NOT used in Banking/Finance related matters?

(1) Law of Motion    

(2) Letter of Credit                 

(3) Cheque Clearing   

(4) General Ledger                             

(5) Discount Rate

Question No : 11

The Reserve Bank of India was nationalised in the year?

(1) 1935           

(2) 1949         

(3) 1969           

(4) 1980           

(5) None of these

Question No : 12

What does letter ‘P’ denote in the term ‘PAN’ issued by the Income Tax Department?

(1) Provisional            

(2) Private       

(3) Personal    

(4) Permanent           

(5) Postal

Question No : 13

Which of the following is NOT a part of the Ministry of Finance?

(1) Department of Revenue    

(2) Department of Resource Planning

(3) Department of Disinvestment       

(4) Department of Financial Services  

(5) None of these

Question No : 14

Which of the following is a leading electronic payment technology firm? (The logo of the firm

can be seen printed on credit cards/ATM centres etc.)

(1) Visa         

(2) Max           

(3) BSE

(4) Sensex       

(5) SWAP

Question No : 15

‘Global Market’ means market of _____

(1) USA                       

(2) European Union Countries           

(3) China

(4) OPEC members     

(5) All major countries and their alliances 

Question No : 16

Growth for 2011-12 has been 8.8% was the news in major new papers. This means which of the

following grew at this rate during that period?

(1) GDP                     

(2) Money supply                   

(3) Foreign Exchange Reserves           

(4) Inflation                

(5) Price Index

Question No : 17

What is the full form of ‘CRR’ as used in banking sector?

(1) Crucial Reserve Rate         

(2) Cash Reserve Ratio          

(3) Compulsory Return Rate   

(4) Credit & Reserve Ratio     

(5) None of these

Question No : 18

What is the full form of LAF, the term used in banking world very frequently?

(1) Liquid Advance & Finance

(2) Liquidity Adjustment Facility     

(3) Legal Adjournment Formality      

(4) Local Advance Finance     

(5) None of these

Question No : 19

Where is the Headquarters of the International Monetary Fund (IMF)?

(1) Geneva                  

(2) Paris                      

(3) London

(4) Manila                               

(5) Washington DC 

Question No : 20

As per newspaper reports was given licence to open branch in Mumbai. ANZ is a bank based

in _____

(1) Australia              

(2) Argentina              

(3) Afghanistan

(4) Angola                  

(5) Austria