PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-19

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 awards is given for excellence in the field of cinema?

(1) Dada Saheb Phalke

(2) Arjuna

(3) Booker Prize

(4) Kalidas Samman

(5) None of these

Question No : 2

What is the maximum number of free transactions that can be undertaken by a customer by using ATM of other bank in a month?

(1) 2 per month

(2) 5 per month

(3) 10 per month

(4) 15 per month

(5) None of these

Question No : 3

Which of the following not an employment generating programme of Govt. of India?

(1) NREGA

(2) PMGSY

(3) SGSRY

(4) TRYSEM

(5) DPAP

Question No : 4

When the loan is granted by a bank for purchase of white goods it is called ______

(1) Consumption loan

(2) White goods loan

(3) Consumer durable loan

(4) All the above

(5) None of these

Question No : 5

The term ‘Power of Attorney’ refers to ____

(1) Power entrusted to a person of authority

(2) A Mandate to withdraw money from someone’s Banks account

(3) An instrument by which a person is empowered to act for another person

(4) All of the above

(5) None of these

Question No : 6

Which of the following is/are true about the “Gram Nyayalayas”?

(A) These courts will be mobile courts and will function at Panchayat level.

(B) The Magistrate of these courts will go to the villages in their area of coverage and will dispose off cases of the villages there itself.

(C) Only civil suits related to the property of 5,00,000 and above will be disposed off in this way.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

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

Question No : 7

The Reverse Mortgage Scheme was launched by some organizations a few years back. This was done to help which of the following sections of society?

(1) Beneficiaries of the NREGA

(2) People living Below Poverty Line

(3) Youngsters

(4) Senior Citizens

(5) None of these

Question No : 8

World Bank assistance to India has taken the form of ___

(1) Gifts and subsidies

(2) Investment in capital goods industries

(3) Collaboration with private sector in consumer goods sector

(4) Loans to public and private sectors

(5) None of these

Question No : 9

Which of the following is/are considered a Renewable Source of Energy?

(A) Wind Energy

(B) Solar Energy

(C) Nuclear Energy

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

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

Question No : 10

Which of the following is/are true about the National Rural Employment Guarantee Act?

(1) The Act is now known as Indira Gandhi National Rural Employment Guarantee Act

(2) The Act is now applicable to all the districts of the country

(3) Minimum wage fixed under this Act is now 250 per day

(4) Employment is given now for 200 days in a year

(5) None of these

Question No : 11

For a price reduction, the demand for inferior goods ____

(1) Increase due to substitution effect

(2) Increases due to income effect

(3) Increase both due to substitution and income effect

(4) Decrease due to both substitution and income effect

(5) None of these

Question No : 12

‘Heavy Water’ is used in which of the following fields?

(1) Thermal Power

(2) Cement Industry

(3) Iron & Steel Industry

(4) Nuclear Power

(5) None of these

Question No : 13

Which of the following is not the function of Reserve Bank of India (RBI)?

(1) Provide credit facility to the general

(2) Keep Govt. money in various account heads

(3) Keep Foreign Exchange Reserve of the country in safe custody

(4) Frame Monetary and Credit policy

(5) All are RBI’s functions

Question No : 14

Which of the following organizations has the privilege of issuing Bank Notes (Currency) in India?

(1) All Nationalized Banks

(2) State Bank of India

(3) Reserve Bank of India

(4) New Note Printing Press in India

(5) None of these

Question No : 15

The Chairman of the 12th Finance Commission was ___

(1) Bimal Jalan

(2) C. Rangarajan

(3) A. M. Khusro

(4) Y. N. Reddy

(5) None of these

Question No : 16

In banking world when a loan given by a bank to an individual or organization is not returned by the borrower wishfully or otherwise, it is known as ____

(A) Standard Asset

(B) Non-Performing Asset

(C) Over Draft

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

(5) None of these

Question No : 17

Which of the following terms is NOT used in the game of Hockey?

(1) Bully

(2) Follow-on

(3) Scoop

(4) Center pass

(5) Penalty corner

Question No : 18

Which of the following is NOT a function of a commercial bank in India?

(1) Accepting deposits from public

(2) Transferring money from one place to the other

(3) Lending money to public

(4) Keeping valuables in safe custody

(5) Selling National Saving certificates

Question No : 19

Which of the following is NOT a food crop?

(1) Maize

(2) Cotton

(3) Barley

(4) Wheat

(5) Rice

Question No : 20

The Govt. of India has implemented which of the following concepts/schemes particularly to ensure that all the schemes get enough budgetary support for women welfare?

(1) General Budgeting

(2) Providing Urban Facilities in Rural Areas (PURA)

(3) Food for Work

(4) Look East Policy

(5) None of these