PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-11

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

 

Question No : 1

“Navratna Status” is awarded to which of the following organisation/units?

(1) Those IITs/IIMs who are doing good research work

(2) Defence production units/factories who are showing good profits

(3) Any Public sector manufacturing unit doing well and earning good profits

(4) A public sector bank rated very high by the RBI in the area of customer service and recovery of NPAs                         

(5) None of these

Question No : 2

Indian citizens generally make investments in many schemes. Which of the following is not the name of any such scheme in which investment for the purpose of saving income tax can be made?

(1) National Savings Certificate          

(2) White Papers       

(3) Mutual Funds

(4) Infrastructure bonds         

(5) LIC policies

Question No : 3

Which of the following has launched the ‘Everywhere Teller Machine’ (ETM) first time in

India?

(1) Stanchart Bank                              

(2) HDFC Bank                       

(3) SBI   

(4) Axis Bank                                                

(5) None of these

Question No : 4

For which game Viswanathan Anand is known?

(1) Chess                   

(2) Table Tennis                      

(3) Badminton

(4) Hockey                  

(5) None of these

Question No : 5

If some people wish to start a banking company in India, the certainly need a permission of the___

(1) Indian Banks’ Association             

(2) Institute of Chartered Accounts in India

(3) Ministry of Finance           

(4) Banking Ombudsman                                

(5) RBI 

Question No : 6

The number of people living Below Poverty Line (BPL) is maximum in _____.

(1) Gujarat                  

(2) Jammu and Kashmir                      

(3) Tamil Nadu

(4) Maharashtra                      

(5) Orissa 

Question No : 7

Basel Norms are related with further strengthening and performance of _______.

(1) Banking Industry            

(2) Public sector manufacturing units 

(3) Educational Institutes       

(4) Hotels                   

(5) None of these

Question No : 8

The National Commodity and Derivatives Exchange Limited (NCDEX) is located in which of the following cities?

(1) Mumbai   

(2) Kolkata      

(3) Hyderabad

(4) Jaipur        

(5) New Delhi

Question No : 9

Many times we read in financial newspapers about the performance of the “core sectors” in Economy. Which of the following is NOT included in the core sector of the same?

(1) Coal                       

(2) Auto sector                      

(3) Steel          

(4) Cement                              

(5) Oil & Petroleum sector

Question No : 10

‘OSCAR” Awards are given for the excellence in the field of

(1) Journalism 

(2) Social Service         

(3) Films        

(4) Sports        

(5) None of these

Question No : 11

“Micro Credit” means _________

(A) Loans of small amounts to people in unorganized sector

 (B) Loans to Self Help Groups

 (C) Loans amounting Rs.50 lakhs to Rs.5 crores to Medium and Small Industrial Units.

(1) Only (A)                

(2) Only (B)                

(3) Only (A) and (B)

(4) All (A), (B) and (C)           

(5) None of these

Question No : 12

Which of the following banks has launched a new product “Defence Salary Package – Army”

for the jawans of the defence services in India?

(1) Bank of India        

(2) Punjab National Bank        

(3) Axis Bank

(4) State Bank of India          

(5) ICICI Bank

Question No : 13

Economic Growth can be best measured by ___

(1) Growth of GDP     

(2) Growth in real per capita GDP    

(3) Poverty ratio         

(4) Gini Coefficient     

(5) None of these

Question No : 14

Which one of the following does not affect credit creation power of Commercial Banks?

(1) Cash reserve ratio 

(2) Statutory liquidity ratio    

(3) Capital adequacy ratio      

(4) Cash-deposit ratio           

(5) None of these

Question No : 15

The earlier ‘Food for Work Programme’ was converted into ___

(1) Intensive Area Development Programme 

(2) Integrated Rural Development Programme          

(3) National Rural Employment Programme

(4) Minimum Need Programme                                 

(5) None of these

Question No : 16

As per the news published in various newspapers, the RBI has given its permission for cash withdrawal at “POS terminals”. What is the full form of “POS”?

(1) Permitted on Sale  

(2) Potential of Service

(3) Point of Sale        

(4) Permission of Sale 

(5) None of these

Question No : 17

Which of the following is NOT a banking related term?

(1) SME Finance                      

(2) Overdraft              

(3) Drawing power

(4) Sanctioning Authority

(5) Equinox

Question No : 18

“The Doing Business Report” is prepared by which of the following organisations every year?

(1) World Bank         

(2) International Monetary Fund (IMF)

(3) Asian Development Bank  

(4) World Trade Organisation            

(5) None of these

Question No : 19

Bad loans in banking terminology are generally known as ________

(1) Prime Loans          

(2) Prime Asset           

(3) BPOs         

(4) CBS           

(5) NPAs

Question No : 20

Which of the following is NOT a Social Development Scheme launched by the Government of India?

(1) Indira Awas Yojana           

(2) Kutir Jyoti             

(3) Look East Policy

(4) Operation Black Board      

(5) Mid Day Meal Scheme