Question No : 1

Which of the following correctly defines the term e-Banking?

(A) It is the short form of Efficient Banking which means providing all banking related services to the customers in minimum required time during their visit to the branch.

(B) e-Banking is providing banking facilities to all the customers through ATMs only which restricts their visits to a bank branch to a bare minimum.

(C) e-Banking implies provisions of banking products and services through electronic delivery channels like ATMs, Phone, Internet and mobile phones etc.

(1) Only A

(2) Only B

(3) Only C

(4) Only A & B

(5) Only A & C

Question No : 2

Which of the following describes correctly what a Smart Card is?

(1) It is a credit card which enables the card holder to enjoy a predetermined credit limit

(2) It is a debit card which enables the card holder to pay for any purchases from his / her bank account instantly

(3) It is mix a of both credit and debit cards as the transaction effected by the card are recorded on the card itself electronically

(4) It is an ATM card which is used for withdrawing cash only from the ATMs of the designated bank

(5) None of these

Question No : 3

Which of the following is the name of the network established by the RBI for facilitating transfer of inter bank messages within India?

(1) VSAT

(2) Comet

(3) NPSI

(4) Bank Net

(5) None of these

Question No : 4

Which of the following best defines what the ‘Bench Marking’ is as it is used in banking industry?

(1) It is a method of assessing credit worthiness of a person approaching a bank to get some loan for business purposes

(2) This is a term used to assess the potential of an employee and also strong and/ or weak areas of his/her professional capabilities. This enables the management to find a suitable placement for the employee

(3) It is a process of identifying, analysing and adopting outstanding practices from organizations anywhere in the world to help other organization in improving their performance

(4) It is a process adopted by the RBI to enable it to assign grades to the banks as per their performance

(5) None of these

Question No : 5

The RBI has asked the banks not to grant loans to individuals for the purchase of which of the following?

(1) Gold

(2) Agricultural land

(3) Two-wheelers in rural areas

(4) Kisan Vikas Patra

(5) All of these

Question No : 6

Often the term ‘digital-divide’ is used by the critics of the ‘new generation banking’ introduced by major banks in India. What is the meaning of the term digital divide?

(A) This is a social problem where the possibility is that poor may be excluded from new generation banking and also from taking full advantage of the newly emerged financial  system.

(B) This is a technical term which helps a banker in identifying genuine digital signatures from a forged one.

(C) It is an imaginary border line set by most of the banks by which they segregate two groups-the one which is allowed to use new generation banking from the other one which cannot be allowed to use the same.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (B) and (C)

(5) All the three

Question No : 7

As a part of its commitment to the World Trade Organization (WTO) India has taken various steps to reform its financial sector. Which of the following is one major step in this direction?

(1) Huge budgetary provision for Bharat Nirman Yojana

(2) More and more foreign banks are allowed to open their branches in India

(3) Rebate in rate of personal Income tax for Senior Citizens

(4) Introduction of Dividend Distribution Tax (DDT)

(5) None of these

Question No : 8

‘Global Warming’ is a major cause of concern these days all over the world. Which of the following efforts on the part of the people/governments can help all of us in reducing the effect of the same? [Pick up the correct statement(s).]

(A) Increasing energy efficiency standards.

(B) Eliminating subsidies that encourage the use of coal and oil as subsidy makes them cheaper.

(C) Eliminating thick forests as they absorb the sunlight and thus slow down the process of recirculation of fresh gases in the atmosphere.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

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

Question No : 9

Which of the following is the full form of the ‘WMF’?

(1) Web Mutual Fund

(2) World Mutual Fund

(3) World Monuments Fund

(4) World Music Fund

(5) None of these

Question No : 10

India’s foreign policy is based on several principles, one of which is _______

(1) Panchsheel

(2) Satyamev Jayate

(3) Live and Let Live

(4) Vasudhaiv Kutumbkam

(5) None of these

Question No : 11

DCM Trophy is associated with the game of

(1) Hockey

(2) Cricket

(3) Football

(4) Polo

(5) Badminton

Question No : 12

Samresh Jung became the first Indian to bag an Olympic quota in which of the following events?

(1) Swimming

(2) Pistol shooting

(3) 100 meters Race

(4) High jump

(5) Long jump

Question No : 13

Which of the following is one of the major functions of the Reserve Bank of India?

(1) Deciding foreign trade policy of India

(2) Preparing Union Budget and presenting it in the Parliament

(3) Functioning as Banker to the Government of India

(4) Allowing listing of Companies on Stock Exchanges

(5) Appointment of India’s representatives in World Bank and IMF etc

Question No : 14

Which of the following is/true about the Sarva Siksha Abhiyan (SSA)?

(A) The programme is not very successful. Hence Government is planning to wind it up.

(B) It was decided to construct about 5 lakh new classrooms in 2005-07 to make the programme successful as the response for the same was very good in rural areas.

(C) World Bank has decided to provide an aid of about US $600 million to make the programme successful in the next five years.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (B) and (C)

(5) None of these

Question No : 15

The Government of India has launched an Integrated Disease Surveillance Project (IDSP) to monitor certain diseases. Which of the following is not covered under the project?

(1) Malaria

(2) Polio

(3) Plague

(4) Tuberculosis

(5) Cancer

Question No : 16

“Swayamsidha” is a scheme launched by the Government of India to help

(1) School children only

(2) Senior citizen without any regular income

(3) Health workers only

(4) Women only

(5) None of these

Question No : 17

Which of the following amendments in the Constitution of India are related with the institution of “Panchayat Raj”?

(A) 106^th

(B) 100^th

(C) 73^rd

(D) 74^th

(1) Only (A)

(2) Only (B)

(3) Both (C) and (D)

(4) Both (A) and (B)

(5) None of these

Question No : 18

In the financial newspapers we read about Industrial Growth. What are the activities involved in Industrial Sector for the purposes of economic planning?

(A) Mining

(B) Manufacturing

(C) Construction

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 19

Which of the following terms is not used in the game of Lawn Tennis?

(1) Volley

(2) Smash

(3) Gambit

(4) Service

(5) Back hand drive

Question No : 20

Many times we read in newspapers that the Rupee is appreciating. When we consider the rupee-dollar exchange rate in the light of Purchasing Power Parity (PPP) we think that the exchange rate of the two currencies should be

(1) equal to the ratio of price levels in the two countries

(2) not be equal to the ratio of price levels in the two countries

(3) decided on the basis of the value of the third major currency i.e. Euro or Yen

(4) necessarily be different for both the currencies as the economies of both of them are driven on two different sets of variables and it has no relation with PPP.

(5) None of these