PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-16

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

 

Question No : 1

Which of the following schemes was launched by the Government of India with emphasis to provide wage employment to women and parents of children withdrawn from hazardous occupations?

(1) Sampoorna Grameen Rozgar Yojana

(2) National Rural Employment Guarantee Scheme

(3) Employment Assurance Scheme

(4) Jawahar Gram Samridhi Yojana

(5) None of these

Question No : 2

Which of the following countries has largest stock of foreign exchange reserves in the world?

(1) USA

(2) China

(3) Japan

(4) India

(5) None of these

Question No : 3

‘Shequel’ is the currency of _____

(1) Israel

(2) Kenya

(3) Iraq

(4) Iran

(5) None of these

Question No : 4

Expand of term OECD.

(1) Organization for Economic Co-operation and Development

(2) Organization for Economic Co-ordination and Development

(3) Organization for Exporters’ Co-ordination and Development

(4) Organization for Exporters’ Co-operation and Development

(5) None of these

Question No : 5

For which one of the following target groups are banks planning to install biometric automated teller machines?

(1) Students

(2) Educational Institutions

(3) Urban Customers

(4) Metro Customers

(5) Rural Customers

Question No : 6

Banks have started opening ‘No Frill’ accounts. These accounts are to help which of the following sections of customers?

(1) Weaker sections of society

(2) High Value Customer

(3) Students

(4) Loan seekers who were not able to repay their loans taken earlier

(5) None of these

Question No : 7

The Reserve Bank of India (RBI) has prevented banks from outsourcing core management functions. As per these guidelines which of the following functions cannot be outsourced?

(A) Internal Audit.

(B) Compliance of Know Your Customer Guidelines.

(C) Credit Evaluation of the prospective clients.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

(5) All (A), (B) and (C)

Question No : 8

Who amongst the following is the regulator of the Commodity Market in India?

(1)  National Stock Exchange

(2) Forward Markets Commission

(3) NABARD

(4) Agricultural Price Commission

(5) None of these

Question No : 9

Which of the following is the abbreviated name of the organization associated with the Commercial and Business activities?

(1) UNESCO

(2) FEMA

(3) DAVP

(4) ASEAN

(5) FICCI

Question No : 10

The most risky cheque is ______

(1) Account payee

(2) Draft

(3) Bearer cheque

(4) Overseas cheque

(5) None of these

Question No : 11

Which of the following cups is NOT associated with the game of Football?

(1) Irani Cup

(2) Durand Cup

(3) Rover’s Cup

(4) Subroto Cup

(5) Merdeka Cup

Question No : 12

Which of the following terms is used in the field of finance and banking?

(1) Metabolism

(2) Pulse rate

(3) Genetic process

(4) Debt instruments

(5) Centrifugal force

Question No : 13

NASA is planning to establish a permanent base at _______

(1) Moon

(2) Mars

(3) Venus

(4) Jupiter

(5) None of these

Question No : 14

The headquarters of the World Trade Organisation (WTO)  is situated in _________

(1) Jakarta

(2) Manila

(3) Brussels

(4) Geneva

(5) Washington DC

 

Question No : 15

The National Stock Exchange is located in _____

(1) New Delhi

(2) Mumbai

(3) Kolkata

(4) Chennai

(5) Bangalore

Question No : 16

India has different categories of Commercial banks. Which of the following is NOT one such category?

(1) Private Banks

(2) Commodity Banks

(3) Nationalized Banks

(4) Co-operative Banks

(5) Foreign Banks

Question No : 17

The two main seasons of cropping in India are known as _____

(1)  Hot-Cold

(2) Winter-Spring

(3) Summer-Winter

(4) Rainy-Cold

(5) Kharfi-Rabi

Question No : 18

Which of the following terms is not related with the banking operations?

(1) Current Account

(2) Exchange rate

(3) Investment rate

(4) Domestic Saving rate

(5) Veto Power

Question No : 19

‘Rupee’ is the currency of _____

(1) Nepal

(2) Indonesia

(3) Myanmar

(4) Bangladesh

(5) Libya

Question No : 20

Rupiah is the currency of _____

(1) Indonesia

(2) India

(3) Nepal

(4) Myanmar

(5) North Korea