PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-40

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

 

Question No : 1

A nationalized bank is also called by the following name

(1) Private Sector Bank

(2) Self Help Group

(3) Cooperative Bank

(4) Public sector Bank

(5) Grameen Bank

Question No : 2

‘Nomination’ for a deposit account in the bank means

(1) Mandate given by the close relative/s of the depositor, to settle the death claim in case of death of the depositor

(2) Mandate decided by the bank to settle the death claim of its depositor

(3) Mandate of the depositor in favour of one or more persons, to claim the amount on death of the depositor

(4) Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositor

(5) Court order instructing the banks to settle the death claim of its depositor

Question No : 3

What is referred to as ‘Depository Services’?

(1) A new scheme of fixed deposits

(2) A method of regulating stock exchanges

(3) An agency for safe-keeping of securities

(4) An advisory service to investors

(5) An inter-banking service

Question No : 4

Which of the following awards is given for the excellence in field of Cinema?

(1) Kalidas Samman

(2) S.S.Bhatnagar Award

(3) Golden Pen Award

(4) Data Saheb Phalke award

(5) Pulitzer Prize

Question No : 5

Dipika Kumari who won a Gold Medal in an International Championship is associated with which of the following games?

(1) Tennis

(2) Chess

(3) Badminton

(4) Archery

(5) Swimming

Question No : 6

Banks cannot do the following business

(1) accept demand and time deposits from public

(2) accept items for keeping in safe custody

(3) sell gold coins

(4) buy commodities for trading

(5) accept foreign currency for selling to money changers.

Question No : 7

Which of the following Awards has been given to ‘Gagan Narang’ in 2011?

(1) Kirti Chakra

(2) Rajiv Gandhi Khel Ratna

(3) Bharat Ratna

(4) Sportsman of the year 2010

(5) Arjun Award

Question No : 8

‘Bulls and Bears’ are terms used in

(1) Bullion markets

(2) Vegetable markets

(3) Stock Exchange

(4) Commodity markets

(5) None of these

Question No : 9

Which of the following terms is used in the game of Football?

(1) LBW

(2) Spin

(3) Touch Down

(4) Bully

(5) Kidney Punch

Question No : 10

What does the letter ‘S’ denote in the term ‘SEZ’ as seen frequently in financial newspapers?

(1) Small

(2) Social

(3) Secret

(4) Secondary

(5) Special

Question No : 11

Which of the following is a Private Bank in India?

(1) Union Bank of India

(2) Syndicate Bank

(3) IDBI Bank

(4) UCO Bank

(5) HDFC Bank

Question No : 12

Real Time Gross Settlement or RTGS enables

(1) Immediate transfer of money from customer of one bank to customer of another bank.

(2) Immediate transfer of money from customer of one branch to customer of another branch within the same bank.

(3) Immediate transfer of money from customer of one country to customer of another country

(4) Immediate transfer of money from customer of one bank to customer of RBI.

(5) None of these

Question No : 13

The Headquarters of the International Atomic Energy Agency is located in

(1) Manila

(2) Vienna

(3) Paris

(4) Washington DC

(5) London

Question No : 14

The first public sector bank to issue capital to public is :

(1) Corporation Bank

(2) Oriental Bank of Commerce

(3) Indian Overseas bank

(4) Punjab National Bank

(5) None of these

Question No : 15

Travellers cheques is

(1) a supplementary credit card.

(2) a cheques issued by a bank or finance institution which functions as capital

(3) a certificate issued by a bank or finance institution in lieu of cash.

(4) a cheques issued by a bank or finance institution which functions as a bond.

(5) a prepaid instrument issued by a bank or finance institution which can be substitute of cash.

Question No : 16

UNESCO is an organization working in the field of

(1) Social Welfare

(2) Protecting interest of prisoners of war

(3) Framing international laws

(4) International collaboration through education, culture and science

(5) Protecting children’s right

Question No : 17

Non performing assets mean?

(1) the assets have stopped giving losses to a bank

(2) the assets have stopped giving capital to a bank

(3) the assets have stopped giving income to a bank

(4) the assets have stopped giving income and expenses to a bank

(5) the assets have stopped giving expenses to a bank

Question No : 18

Mortgage is a security created on

(1) movable property for a loan given by a bank

(2) immovable property for a deposit received by a bank

(3) a confirmation of immovable property given by a bank

(4) movable property for a deposit given by a bank

(5) immovable property for a loan given by a bank

Question No : 19

Which of the following books is written by ‘Chetan Bhagat’?

(1) A Himalayan Love Story

(2) Revolution 2020

(3) My Life

(4) A Bend in the River

(5) Many Worlds

Question No : 20

When the rate of inflation increases ______

(1) purchasing power of money increases

(2) purchasing power of money decreases

(3) value of money increases

(4) purchasing power of money remains unaffected

(5) amount of money in circulation decreases