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 terms is NOT used in Banking Sector?
(1) SLR
(2) NPA
(3) PURA
(4) Fixed
(5) Credit Rating
Question No : 2
The RBI has stopped circulation of the coin of which of the following denominations from June 2011?
(1) 50p
(2) Re.1
(3) Rs.2
(4) 25p
(5) Rs.5
Question No : 3
An account in which trading of shares in their electronic form is done, is known as _____
(1) Demat Account
(2) NRI Account
(3) NRIO Account
(4) Current Account
(5) None of these
Question No : 4
Which of the following is NOT a measure of the Risk Management in Banks?
(1) CRR
(2) RTGS
(3) SLR
(4) Deposit Insurance
(5) All are the measures of risk management
Question No : 5
Which of the following abbreviated name of an autonomous organisation under Ministry of Rural Development?
(1) NIMI
(2) IGNOU
(3) CAPART
(4) NPCIL
(5) ICRP
Question No : 6
World’s largest oil reserves (about 2/3rd ) are located in ____
(1) Russia
(2) Middle East
(3) Africa
(4) Europe
(5) Canada
Question No : 7
In some parts of India, farmers face acute distress because of heavy burden of debt from non-institutional lenders. Who can be called a non-institutional lender?
(1) Small Banks
(2) Grameen Banks
(3) Credit Cooperative Societies
(4) Micro Finance Institutions
(5) Money Lenders
Question No : 8
Banks and Financial Institutes in India are required to report high value deals of companies/corporates and/or individuals to financial intelligence units. This is one of the requirements of which of the following acts?
(1) Income Tax Act
(2) Securitisation Act
(3) Banking Regulation Act
(4) Money Laundering Act
(5) None of these
Question No : 9
Which of the following Programmes/Schemes of the Governments of India is NOT directly related with agricultural activities?
(1) Drought Prone Areas Programmes (DPAP)
(2) Promotion of Integrated Pest Management (IPM)
(3) Integrated Wastelands Development Programme (IWDP)
(4) ANNAPURNA
(5) Desert Development Programme (DDP)
Question No : 10
Many a times we read in the newspapers a term read as ‘DNA Test’. What is the full form of DNA?
(1) Definite, Noticeable, Accurate
(2) Deoxyribo-Nucleic Acid
(3) Digital Numeric Assessment
(4) Direct Neurological Application
(5) None of these
Question No : 11
Which of the following statement(s) is/are correct about the Global Hunger Index published in 2011?
(A) The Index is prepared every year by the United Nations Food Programme.
(B) As per the report about 27% of world’s undermourished population lives in India.
(C) The number of undernourished is more in urban areas than the rural one.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All the three
(5) None of these
Question No : 12
In one of the major financial newspapers one of the news items was “Money paid to auditors has doubled in three years” the money paid to the auditors is basically considered as the cost of _
(1) marketing strategies
(2) corporate governance
(3) production activities
(4) high taxation regime
(5) None of these
Question No : 13
Very often we come across a term in financial newspapers ‘Yield Curve’. The term represents the relationship between ‘interest Rates’ and which of the following of a set of financial instruments?
(1) Time of maturity
(2) LIBOR
(3) Face Value of the instrument
(4) Book Value of the instrument
(5) None of these
Question No : 14
The Government of India decided to scrap the import duty on cotton and also withdraw incentives on the export of the same. How will this action of the government affect the cotton market in India?
(A) More and more traders will be able to import cotton as there is no import duty on it.
(B) The price of the cotton in domestic market will come down.
(C) More and more farmers will now start growing cotton.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 15
As per the reports in the financial newspapers CCEA cleared many FDI proposals recently. What is the full form of CCEA?
(1) Cabinet committee on Economic Affairs
(2) Congress Committee on Economic Affairs
(3) Cabinet Committee on Emergency Accounts
(4) Clearance Committee on Export Accounts
(5) None of these
Question No : 16
Which of the following banks has opened the country’s first “Cash Factory” in Lucknow which will issue currency notes to all of its branches and ATM in that area?
(1) Bank of India
(2) Bank of Baroda
(3) State Bank of India
(4) Union Bank of India
(5) None of these
Question No : 17
Which of the following is true about Value Added Tax (VAT)?
(A) It is consumption tax levied on value added to the product on every stage of its production
(B) VAT is levied by the Union Government and only a small part goes to State Governments.
(C) The income tax on retailers is now decided on the basis of their VAT collection in a year.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) & (C)
(5) None of these
Question No : 18
Which of the following states ranked first in implementation of the Central Government sponsored scheme ‘Artificial Recharge of Ground Water Through dug Wells in Hard Rock Areas’?
(1) Madhya Pradesh
(2) Maharashtra
(3) Karnataka
(4) Tamil Nadu
(5) None of these
Question No : 19
Which of the following is an international forum to discuss and implement supervisory norm in all the banks of the world?
(1) Basel Committee
(2) International Board of Bank and Finance
(3) World Trade Organisation
(4) UN Charter on Commercial Laws
(5) None of these
Question No : 20
India and Chile agreed to allow Free Trade between both the countries. What does it really mean?
(A) India can sell any product to Chile and Chile can also sell any product to India
(B) India and Chile both will sell goods or services to each other at the payment for the same will be only in return goods. No hard cash will be paid for such transactions.
(C) Whatever goods both of them will import or export, the payment will be made only in US dollars and only cash transaction will take place
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Both (A) & (B)
(5) None of these