Direction (Qs.1-20): Read the following questions carefully and choose your answer from the given five options.
Question No : 1
What does the letter ‘M’ depict in the term SME as used in the financial world?
(1) Maximum
(2) Medium
(3) Mercantile
(4) Mutual
(5) Ministry
Question No : 2
Which of the following organizations provides guarantee to the exporters?
(1) Reserve Bank of India
(2) Export Credit Guarantee Corporation
(3) Director General Foreign Trade
(4) Registrar of companies
(5) Exim Bank
Question No : 3
Which of the following terms is not used in Banking World?
(1) Credit
(2) Rate
(3) Financial Status
(4) Discount
(5) Absolute zero
Question No : 4
What is the full form of IRR as used in banking/financial sectors?
(1) Internal Rate of Return
(2) Internal Revaluation Reserve
(3) Investment Reserve Ratio
(4) Internal Risk Return
(5) None of the above
Question No : 5
Banks need liquidity to meet which of the following objectives of banking?
(A) Meet deposit withdrawal
(B) Fund loan demands
(C) Maintain public confidence
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Only (A) and (B)
(5) Only (B) and (C)
Question No : 6
According to latest Economic Survey, which of the following sectors will provide largest share to Indian economy in the days to come?
(1) Agriculture
(2) Industry
(3) Services
(4) Exports
(5) None of these
Question No : 7
Which one of the following group represents key industries?(A) Crude oil, electricity(B) Petroleum refining and finished steel(C) Cement and coal
(1) Only group (A)
(2) Only group (B)
(3) Only group (C)
(4) Only groups (A) and (B)
(5) All groups (A), (B) and (C)
Question No : 8
Which one of the following is covered in the list of services for service tax purposes?
(A) Insurance/health services
(B) Hotel accommodation/air travel services
(C) Money changers/legal services
(1) Only (A)(2) Only (B)
(3) Only (C)
(4) Both (A) and (C)
(5) All (A), (B) and (C)
Question No : 9
Which of the following agencies is providing Unique Identity Cards to all Indian Residents?
(1) Election Commission of India
(2) Ministry Foreign Affairs
(3) Govt. of Maharashtra
(4) Border Security Force
(5) None of these
Question No : 10
Banks make frequent changes in their product profile including introduction of new products etc. This is called
(1) Product Control
(2) Product enhancement
(3) Product enrichment
(4) Product marketing
(5) None of these
Question No : 11
Banking and financial services, all over the world are regulated usually by Monetary Authority of the land, who controls this function in India?
(1) SEBI
(2) RBI
(3) IRDA
(4) FEDAI
(5) None of these
Question No : 12
FIMMDA stands for
(1) Foreign Investment Markets & Derivatives Association
(2) Fixed Income Money Markets & Derivatives Association
(3) Fixed Income & Money Market Development Association
(4) Floating Income & Money Markets Derivative Assets
(5) None of these
Question No : 13
Which of the following terms is NOT used in banking?
(1) Debit Card
(2) Credit Card
(3) Kisan card
(4) ELISA-Test
(5) None of these
Question No : 14
Which of the following is the reason, owing to which Government charges export duty on some export items?
(1) It is to get benefit of high international prices
(2) To improve the tax collection targets
(3) It is as per international practices
(4) To ensure the smooth availability of the items in India
(5) None of these
Question No : 15
Which of the following is/are the objective(s) of our monetary policy?
(A) Anchor inflation expectations
(B) Actively manage liquidity
(C) Maintain interest rate regime consistent with price output and financial stability
(1) Only (A)
(2) All (A), (B) and (C)
(3) Both (A) and (C)
(4) Only (B)
(5) None of these
Question No : 16
Which of the following will set up core banking infrastructure for rural banks?
(1) SIDBI
(2) IBA
(3) RBI
(4) SBI
(5) NABARD
Question No : 17
What is Gross Domestic Product?
(1) It is the cost of production of all final goods and services made in the country
(2) It is the cost of services made within the borders of a country in a year
(3) It is the market value of all final goods and services made in the country
(4) It is the market value of all final goods and services made within the borders of a country in a year
(5) None of these
Question No : 18
In which one of the following States, India’s first Islamic Bank is proposed to be set up?
(1) Kerala
(2) Tamil Nadu
(3) Orissa
(4) Bihar
(5) None of these
Question No : 19
Which of the following terms is NOT used in Economics?
(1) Demand and Supply
(2) Ad Valoram Tax
(3) Break even
(4) HIV positive
(5) Cost benefit analysis
Question No : 20
Which one of the following is the directive given to the Govt. of India in the Financial Stability Report submitted to it?
(1) Focus on financial consistency
(2) To reduce fiscal deficit
(3) To ensure GDP growth
(4) To reduce revenue deficit
(5) None of these