PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-23

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 currencies is the official currency of Kuwait?

(1) Euro

(2) Dirham

(3) Taka

(4) Dollar

(5) Dinar

Question No : 2

Which of the following trophies/cups is associated with the game of Hockey?

(1) Dhyanchand Trophy

(2) Davis Cup

(3) Ranji Trophy

(4) DCM Cup

(5) None of these

Question No : 3

Ashwini Akkunji’s name is associated in the field of _______

(1) Cinema

(2) Literature

(3) Sports

(4) Space

(5) None of these

Question No : 4

Which of the following business ownership structure companies has been given green signal by the stock market regulator, SEBI, to get membership of stock exchanges and make brokers?

(1) Sole proprietorship companies

(2) Limited liability companies

(3) Non-profit organiations

(4) Cooperative companies

(5) None of these

Question No : 5

Name the new non-linked health insurance plan of the Life Insurance Corporation (LIC) of India which offers comprehensive hospitalization benefits for the whole family and parents-in-law the principal insured?

(1) Rishtey

(2) Jeevan Sathi

(3) Anmol Jeevan

(4) Health Puls

(5) Jeevan Arogya

Question No : 6

Which of the following rules has/have not been scrapped by the insurance regulator IRDA?

(1) Commission on the sale of ULIP

(2) Profitability clause of three years for floating initial public offer (IPOs)

(3) Traditional insurance plans have to make 50% investment in government bonds

(4) Only 1 and 2

(5) Only 1 and 3

Question No : 7

Small Industries Development Bank of India (SIDBI) has been operating under SWS. What is the full form of SWS?

(1) Small Welfare Scheme

(2) Systematic Window Service

(3) Small Window service

(4) Single Window Service

Question No : 8

Which of the following is the target fixed by the 11th five-year plan pertaining to increase literacy, level by the year 2012? The level should be increased to

(1) 50%

(2) 60%

(3) 70%

(4) 85%

(5) 90%

Question No : 9

Blue Revolution’ is related to

(1) Space Research

(2) Fisheries

(3) Drinking Water

(4) Poultry

(5) Milk

Question No : 10

Which of the following is an employment-generating scheme?

(1) Ganga Kalyan yojana

(2) Swarnjayanti Shahri Rozgar Yojana

(3) IRDA

(4) Mid-Day Meal Scheme

(5) All of the above

Question No : 11

Which of the following agencies laid down guidelines for foreign companies who wish to raise money from the Indian capital markets?

(1) RBI

(2) IRDA

(3) Registrar of companies

(4) SEBI

(5) None of these

Question No : 12

Consider the following statements:

(A) The repo rate is the rate at which other banks borrow money from the Reserve Bank of India.

(B) A value of one for Gini co-efficient in a country implies that there is perfectly equal income for everyone in its population.

(C) Higher interest rates can make EMIs costly.

Which of the statements given above is/are correct?

(1) Only (A)

(2) Only (A) and (C)

(3) Only (B) and (C)

(4) All the above

(5) None of these

Question No : 13

These days, more and more banks in India are setting up their ATMs and discouraging people to visit their branches for transaction. Which of the following is/are the limitations of the ATMs which force people to go to branch for transactions?

(A) Lack of human interface.

(B) Communication gap.

(C) Limited cash-dispensing ability.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

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

Question No : 14

The tax on import and export is known as

(1) Income tax

(2) Trade tax

(3) Custom duty

(4) Commercial tax

(5) None of these

Question No : 15

Which of the following taxes is exclusively and totally assigned to the state government by the Constitution?

(1) Estate duty

(2) Taxes on Railway fares and freights

(3) Sales tax

(4) Entertainment tax

(5) Corporation tax

Question No : 16

Which of the following is not an objective of fiscal policy of Indian government?

(1) Full employment

(2) Equitable distribution of wealth and income

(3) Price stability

(4) Regulation of inter-state trade

(5) None of these

Question No : 17

In India, national income is estimated by

(1) Planning Commission

(2) National Sample Survey Organisation

(3) Central Statistical Organisation

(4) Indian Statistical Institute

(5) None of these

Question No : 18

Bharat Nirman Scheme of the UPA government does not include

(1) Rural water supply project

(2) Irrigation benefit programme

(3) Rural electrification

(4) Sarva Shiksha Abhiyan

(5) None of these

Question No : 19

Invisible export means export of

(1) Services

(2) Prohibited goods

(3) Unrecorded goods

(4) Goods through smuggling

(5) Illegal export through a third country

Question No : 20

When was Integrated Rural Development Programme (IRDP) started?

(1) 1952

(2) 1980

(3) 1964

(4) 2001

(5) None of these