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 is an example of cashless buying?
(A) ATM withdrawal
(B) Credit Card
(C) Debit Card
(1) Only (A)
(2) Only (B)
(3) Only (A) and (B)
(4) Only (B) and (C)
(5) All (A), (B) and (C)
Question No : 2
Which one of the following is not an authorized of banking transaction for the people in India?
(1) On-line
(2) Mobile
(3) Phone
(4) Visiting individually
(5) Video Conferencing
Question No : 3
The hundred rupee currency note in India bears the signature of
(1) Finance Minister of India
(2) General Manager of Note Printing Press
(3) Prime Minister of India
(4) Governor of RBI
(5) President of India
Question No : 4
Which of the following institutions or agencies is responsible for preparing and supervising the Five Year Plans in India?
(1) Reserve Bank of India
(2) Planning Commission of India
(3) Election Commission
(4) National Farmers Union
(5) All of the above
Question No : 5
Which of the following terms is not used in banking and finance?
(1) Capital gain
(2) Plan Finance
(3) Market risk
(4) Apartheid
(5) Mutual Fund
Question No : 6
Who among the following cannot open ‘No Frill Account’ in a bank?
(1) Agricultural labourer
(2) A small firm selling white goods
(3) Farmer
(4) A labourer in unorganised sector
(5) Student
Question No : 7
Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfillment of its terms and conditions. What is this arrangement known in banking context?
(1) Line of credit
(2) Loan to client
(3) Loan on credit
(4) Loan against credit
(5) Letter of credit
Question No : 8
Which of the following organisations is created specially for providing credit to small and medium enterprises in India?
(1) NABARD
(2) SIDBI
(3) ECGC
(4) AMFI
(5) None of these
Question No : 9
A second Green Revolution is being planned to improve the production of agro commodities especially in which of the following regions of India?
(1) Desert areas of Rajasthan
(2) North-Eastern States
(3) Orissa
(4) Bundelkhand region
(5) None of these
Question No : 10
International Atomic Energy Agency (IAEA) is an organization which functions in the area of
(1) Nuclear Energy
(2) Control of Foreign Direct Investment
(3) World Trade
(4) Prevention of Money Laundering
(5) Promoting International understanding among the nations
Question No : 11
Which of the following terms is NOT used in the field of Banking/Finance?
(1) Goods and Services
(2) Relief to exporters
(3) Refund
(4) Tax Deducted at Source
(5) Fundamental duties of a citizen
Question No : 12
Which of the following is called the World Bank?
(1) International Monetary Fund
(2) International Bank for Reconstruction & Development
(3) Asian Development Bank
(4) World Trade Organisation
(5) None of these
Question No : 13
We frequently read about ‘MFI’ in newspapers. What is the full form of this term, which is used in financial sector?
(1) Micro Finance Institutions
(2) Monetary and Financial Institutes
(3) Micro Functional Issues
(4) Mutual Funds in India
(5) Monetary Forum of India
Question No : 14
Federal Reserve is the financial organisation of the ______
(1) USA
(2) Britain
(3) France
(4) Japan
(5) Germany
Question No : 15
Almost all the major banks which allow Non-Resident Indian Accounts or Non-Resident Ordinary Accounts offer lower tax rate to those customers who give a proof that they are from a region that has a DTAA with India. What is the full from of DTAA?
(1) Double Texation Avoidance Agreement
(2) Duty & Taxation Avoidance Agreement
(3) Duty & Tax on Actual Amount
(4) Declaration of Tax on Actual Amount
(5) None of these
Question No : 16
“Legal Tender Money’ refers to
(1) Cheques
(2) Drafts
(3) Bill of exchange
(4) Currency notes
(5) None of these
Question No : 17
Very often we read in newspapers that some sports persons have to go for a Dope Test after their performance in the field. Why Dope test is conducted?
(A) To know the general health of the sports person
(B) To know to sugar level in their blood
(C) To detect whether they have taken any performance enhancing drugs
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 18
As per the newspaper reports some economically developed states only hold about 60%of the total ‘Demat Accounts’ in India. A Demat Account is ______
(1) an account which is opened by the people of the lower income groups of society
(2) an account in which trading of the shares is done
(3) an account which can be opened by minors
(4) an account which can be operated by big corporate houses and are mainly business accounts like current accounts
(5) None of these
Question No : 19
Which of the following organisations is known as Market Regulator in India?
(1) IBA
(2) SEBI
(3) AMFI
(4) NSDL
(5) None of these
Question No : 20
Many a times we hear about ‘NPA’ in banking terminology. What is the full form of NPA?
(1) New Performing Avenues
(2) Net Performing Average
(3) Not Presentable Applications
(5) None of these