Question No : 1

Which one of the following rates signal the RBI’s long term outlook on interest rates?

(1) Repo Rate

(2) Bank Rate

(3) SLR

(4) CRR

(5) Reverse Repo Rate

Question No : 2

What do you understand by ‘Para Banking’ services?

(1) Eligible financial services rendered by banks

(2) Utility services provided by banks

(3) Services provided through business correspondents

(4) Services provided to armed force personnel

(5) None of these

Question No : 3

For which one of the following reasons, the Steel Ministry wants completely ban on export of iron ore from India?

(1) The price of iron ore exports is not competitive

(2) The iron ore exports do not provide any value addition to exports

(3) The prices of iron ore are high and as such the exports of the ore should be banned

(4) Iron ore is a non-renewable resource like coal and petroleum products, hence it should be preserved

(5) None of these

Question No : 4

What is a Cross Border Exchange?

(1) Trading of foreign currency in India

(2) Trading of Indian rupee in exchange of other currencies/goods

(3) Hawala transactions in Indian Rupee

(4) Unauthorized remittance of Indian Rupee

(5) None of these

Question No : 5

Which one of the following is the objective of Financial Stability and Development Council?

(1) To address inter-regulatory issues only

(2) To focus on financial literacy only

(3) To focus on financial inclusion only

(4) Only (1) and (2)

(5) All (1), (2) and (3)

Question No : 6

For which one of the following reasons has the Planning Commission decided to convert itself into a system Reforms Commission?

(1) It is to make people to people contact

(2) It is to understand the problems of people

(3) It is to review the implementation of its policies

(4) It is aimed at changing economic profile of the country

(5) None of these

Question No : 7

For which one of the following reasons, NABARD has set up Joint Liability Groups (JLG) of farmers?

(1) To facilitate delivery of credit to farmers

(2) To facilitate better delivery of credit to farmers through informal sources

(3) To facilitate better delivery of credit to share croppers and those who do not have their own land.

(4) To facilitate better delivery of credit to farmers through Panchayats

(5) None of these

Question No : 8

Which of the following terms is NOT used in Banking World?

(1) Holding Company

(2) Post dated cheque

(3) Credit

(4) Time deposit  

(5) Centripetal force

Question No : 9

Some private organizations are running e-choupals to help which of the following section of society?

(1) Small businessman

(2) Cooperative Credit Societies

(3) Farmers

(4) School-going children

(5) Unemployed youth

Question No : 10

Loans of small or very small amounts given to low income group people are known as _____

(1) Investment Loans

(2) Micro Credit

(3) Savings Loans

(4) Secured Loans

(5) Cash Credit Loans

Question No : 11

The activity of purchasing shares of various companies is called _____

(1) On-line Trading

(2) Share Trading

(3) Corporate Trading

(4) Real estate investment

(5) None of these

Question No : 12

The RBI has regional offices at various places. At which of the following places it does not have an office?

(1) Kota

(2) Shimla

(2) Lucknow

(4) Panaji

(5) Guwahati

Question No : 13

For which one of the following purposes, Mega Food Parks scheme was introduced by the Government of India?

(1) To provide better price to farmers

(2) To improve the productivity of food crops

(3) To control the prices of food items

(4) To avoid wastage of fruits and vegetables stored for export

(5) None of these

Question No : 14

With which one of the following fields was Pandit Bhimsen Joshi associated?

(1) Dance

(2) Music

(3) Short-story writing

(4) Novels

(5) None of these

Question No : 15

Expand the term SWIFT

(1) Society for Worldwide International Fiscal Telecommunications

(2) Society for Worldwide International Financial Telecommunications

(3) Society for Worldwide International Financial Transfer

(4) Society for Worldwide Inter-bank Fiscal Transactions

(5) None of these

Question No : 16

‘ASHA’ is a scheme for providing which of the following service to the people in India?

(1) Health Service

(2) Clean water

(3) Primary Education

(4) Employment for 100 days

(5) None of these

Question No : 17

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

(1) Love

(2) Scoop

(3) LBW

(4) Tee

(5) Back-hand drive

Question No : 18

Which among the following activities can not be considered a common activity of a general ank customer?

(1) use of tele-banking

(2) use of ATMs  

(3) Start of EFT facility

(4) Use of Banker’s cheque

(5) announcement of credit policy

Question No : 19

In a decision taken by the Govt. of India the custom duty on ‘Metcoke’ is revised and present dual rate structure is replaced by a new single rate. What is ‘Metcoke’ and by which sector it is used normally?

(1) It is normal coal used for domestic purposes

(2) It is the hard coal used by Indian Railways for its steam engines

(3) It is the popular name of metallurgical coal and is used by metal processing and alloy  producing companies.

(4) This is a chemical fabrication of high temperature producing substance used by the units manufacturing tiles and fire resistant bricks for various furnaces.

(5) None of these

Question No : 20

For which section of society, for the first time the Central Ministry of Urban Development & Poverty Alleviation has prepared a National Draft Policy?

(1) people remaining on roads

(2) hawkers of the roads

(3) beggars

(4) commercial sex workers

(5) None of these