Direction (Qs.1-20): Read the following questions carefully and choose your answer from the given five options.
Question No : 1
As per the reports published in the newspapers the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/ are such credit rating agencies in India?
(A) CARE
(B) CRISIL
(C) ULIP
(1) Only (A)
(2) Only (B)
(3) (A) and (B) only
(4) Only (C)
(5) All (A), (B) and (C)
Question No : 2
The Government of Indian has launched a new scheme for the ‘Girl Child’. What is the name of the scheme?
(1) Raj Lakshmi
(2) Rani Bitia
(3) Dhan Lakshmi
(4) Aanandita
(5) None of these
Question No : 3
For filing and resolving customer complaints, the Banking Ombudsman
(1) charges a fee of Rs.500
(2) does not charge any fee
(3) charges a fee of Rs.1500
(4) charges a fee of Rs.1000
(5) None of these
Question No : 4
Which of the following is NOT a banking/finance related term?
(1) Credit wrap
(2) EMI
(3) Held to Maturity
(4) Exposure limit
(5) Diffusion
Question No : 5
Which one of the following areas is related to blue revolution in Agriculture sector?
(1) Horticulture
(2) Aqua-culture
(3) Poultry
(4) Dairy
(5) None of these
Question No : 6
Open market operation means ____
(1) Borrowing by scheduled banks from the Central Bank
(2) Purchase and sale of Government Securities by the Central Bank
(3) Lending by Commercial Banks to industry and trade
(4) Deposit mobilisation
(5) None of these
Question No : 7
Which one of the following is not true for the Repo operations?
(1) It is conducted by Commercial Banks
(2) It increases availability of foreign exchange
(3) In a Repo operation object is to regulate credit flow
(4) In a Repo operation, object is to control liquidity in the financial system
(5) None of these
Question No : 8
National income at market-price in an economy in one year is equal to ____
(1) The sum of wages, interest, rent and profit
(2) National income at factor cost plus indirect taxes minus subsidies
(3) The sum of all factor payments plus indirect taxes minus subsidies
(4) Value of goods and services produced in a country
(5) None of these
Question No : 9
Which of the following is not used by RBI for controlling credit?
(1) Increase in CRR
(2) Increase in purchase of Government Securities
(3) Increase in SLR
(4) Increase in Bank Rate
(5) None of these
Question No : 10
Yen’ is the currency of _____
(1) China
(2) France
(3) British
(4) Italy
(5) Japan
Question No : 11
Which of the following cannot be called as a benefit of introduction of Information Technology in Banks?
(A) They have replaced paper based and labour intensive methods with automated processes.
(B) It has created a customer friendly atmosphere in banks. Remote banking and anytime banking is possible.
(C) It has made banking perfectly fool proof and safe as breaking electronic security is almost impossible.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) (A) and (B) both
(5) All (A), (B) and (C)
Question No : 12
With the help of new advancements banks in India have implemented various payment systems which are time and cost effective. Which of the following is NOT one of these payment systems being used by the banks in India?
(1) Real Time Gross Settlement (RTGS) system
(2) Duplex High Speed Data Service (DHSD)
(3) Negotiated Dealing System (NDS)
(4) Structural Financial Messaging Solution (SFMS)
(5) Centralized Fund Management System (CFMS)
Question No : 13
A National development Fund was created by the Government of India a few years ago. What was the purpose of the fund?
(A) Boost investment in social sector projects to promote education, healthcare and employment.
(B) Capital investments in selected profitable PSEs to yield adequate returns.
(C) To fund revision in pay structure of central Government employees
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Both (A) and (B)
(5) None of these
Question No : 14
Which of the following is / are the easy way(s) to handle inflation in the economy?
(A) Increase the money supply in the economy
(B) Curb the money supply in the economy
(C) Increase the credit inflow in the economy
(D) Curb the credit inflow in the economy.
(1) Only (A) and (C)
(2) Only (B) and (D)
(3) Only (A)
(4) Only (C)
(5) None of these
Question No : 15
Many a times we come across a term in field of banking operation which reads ‘ECSs’. What is the full form of the same?
(1) Electronic Coding System
(2) Extra Coding System
(3) Electronic Clearing System
(4) Elementary Clearing System
(5) None of these
Question No : 16
The Monetary and Credit Policy is announced by which of the following?
(1) Ministry of Finance in Centre
(2) Reserve Bank of India
(3) State Bank of India
(4) Planning Commission of India
(5) None of these
Question No : 17
Which of the following is NOT an employment generation scheme?
(1) Sampoorna Gramin Rozgar Yojana
(2) National Rural Employment Guarantee Scheme
(3) Swarnjayanti Shahari Rozgar Yojana
(4) Kutir Jyoti Yojana
(5) All are not employment generating schemes
Question No : 18
There have been suggestions in some quarters that stamp duties levied on various deeds and documents should be abolished. Which of the following is the arguments(s) given in favour of the abolition of the stamp duties?
(A) Stamp duties discourage people to take loans. Hence it is against the interest of the banks.
(B) Government does not get any substantial amount as revenue from this source.
(C) Most of the transactions do not fall in the purview of the registration and no stamp duty is paid
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) (A) and (B) both
(5) All (A), (B) and (C)
Question No : 19
Credit/Debit Card business in India has completed fairly enough time. Still it has not taken that height which was expected. Which of the following may be reason(s) for the same?
(A) Shops/Establishments prefer to accept cash in place of cards.
(B) Shops/establishments are cost conscious as the installation and transaction costs are very high.
(C) People prefer to travel with cash instead of cards as they are not a safe way of payments.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) (A) and (B) both
(5) (A), (B) and (C) all
Question No : 20
Which of the following is the full form of G in ‘G-Sec’, the term we see every then and now in banking/finance related operations?
(1) Good
(2) Global
(3) Guaranteed
(4) Government
(5) None of these