PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-18

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

 

Question No : 1

Which of the following methods is being adopted by Banks for calculating and applying interest on Savings Bank accounts?

(1) On monthly products based on minimum balance between 10th and last working day.

(2) Daily balance is counted and interest is paid accordingly

(3) On average Quarterly balance

(4) On average half yearly balance

(5) None of these

Question No : 2

‘Pulitzer Prize’ is given in the field of _____

(1) Literature

(2) Social Service

(3) Films

(4) Science

(5) Sports

Question No : 3

Which one of the following will result in crowding out of private sector in the credit market?

(1) Low level of Government borrowing

(2) Low rate of interest

(3) Large repayment of Government debt

(4) Large market borrowing by the Government

(5) None of these

Question No : 4

Which of the following terms/trophies is related with the game of cricket?

(1) Love

(2) Trump

(3) Grand slam

(4) Tee

(5) Ashes

Question No : 5

First share market in India was established in which of the following cities?

(1) Delhi

(2) Chennai

(3) Mumbai

(4) Ahmedabad

(5) Kolkata

Question No : 6

Which of the following is NOT decided by the Finance Minister while presenting Union Budget every year?

(1) Rate of Income Tax

(2) Expenditure on Defence Services

(3) Relief packages to various sections of the society

(4) Repo & Reverse Repo

(5) Revenue Expected from various sources

Question No : 7

Which country is at the top in production of silk in the world?

(1) India

(2) Brazil

(3) Japan

(4) South Korea

(5) China

Question No : 8

Which of the following is grown as oil seed?

(1) Mustard

(2) Garlic

(3) Safed Musli

(4) Urad

(5) Clove

Question No : 9

GNP stands for ____

(1) Group Net Product

(2) Gross National Product

(3) Grand Nuclear Process

(4) Group Networking Process 

(5) None of these

Question No : 10

Which of the following is NOT an agricultural commodity?

(1) Mango

(2) Clove

(3) Alum

(4) Onion

(5) Potato

Question No : 11

Some rural people still prefer to go to which of the following non institutional source for their credit needs?

(1) Micro Finance Institutions

(2) Commercial Banks

(3) Urban Co-operative Banks

(4) Money Lenders

(5) None of these

Question No : 12

Nano car is launched by which of the following industrial groups?

(1) Bajaj Group

(2) Maruti Suzuki Group

(3) Mahindra & Mahindra Group

(4) Reliance Group

(5) Tata Group

Question No : 13

Term ‘Balance of Payment’ is used in relation to which of the following?

(1) Diplomatic Relations

(2) Exports & Imports

(3) Annual production in a factory

(4) Deficit in Union Budget

(5) None of these

Question No : 14

Which one of the following has given ‘Aadhaar’ as its new brand name?

(1) UIDAI

(2) Sports Ministry, GOI

(3) Ministry of Tourism, GOI

(4) NHAI

(5) None of these

Question No : 15

Contribution of Prime Minister’s Relief Fund enjoys Income Tax benefit under various sections of the act upto the limit of  _______

(1) 50%

(2) 75%

(3) 100%

(4) 30%

(5) No exemption is available

Question No : 16

Which of the following is not a food crop?

(1) Paddy

(2) Wheat

(3) Bajra

(4) Jowar

(5) Jatropha

Question No : 17

Which of the following phenomenon is considered responsible for ‘Global Warming’?

(1) Greenhouse Gas Effect

(2) Fox Fire

(3) Dry Farming

(4) Radioactivity

(5) All of these

Question No : 18

OPEC is a group of countries which are _____

(1) Exporting oil

(2) Producing cotton

(3) Rich and developed

(4) Developing and poor

(5) Nuclear powers

Question No : 19

Summer Olympic of 2016 will be organized is a city in_____.

(1) China

(2) India

(3) Brazil

(4) Russia

(5) South Africa

Question No : 20

‘Yellow Cake’ is used in which of the following fields?

(1) Textile industry

(2) Cement industry

(3) Nuclear power

(4) Iron and steel industry

(5) Pharmaceutical industry