PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-49

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

 

Question No : 1

Which one of the following is not a salient feature of Debit Card?

(1) No bad debts to banks and no suits for recovery

(2) No interest earning for banks

(3) Works like a normal withdrawal

(4) Can be used at ATM and POS

(5) 45 days credit is given to the card holder

Question No : 2

As per Financial Inclusion drive one of the following Banks (year 2012) introduced Tiny Cards with Bio-metric identification. Which of the following is that Bank?

(1) Central Bank of India

(2) Oriental Bank of commerce

(3) Indian Bank

(4) State Bank of India

(5) Bank of Maharashtra

Question No : 3

Banks are considered as ‘financial intermediaries ‘which of the following activity correctly and comprehensively explains this role of Banks?

(1) Accepting deposits of money for the purpose of lending and investment

(2) Granting loans to the weaker sections of the society

(3) Accepting money for remittance and issuing bank draft

(4) Providing safe deposit services

(5) Opening accounts and accepting deposits therein

Question No : 4

Which of the following is caused by bacterial infection?

(1) Malaria

(2) Tetanus

(3) Cancer

(4) Rabies

(5) None of these

Question No : 5

What is the correct full form of the acronym MRVC?

(1) Maharashtra Road Vikas Corporation

(2) Maharashtra Rail Vikas Corporation

(3) Mumbai Road Vikas Corporation

(4) Mumbai Rail Vikas Corporation

(5) None of these

Question No : 6

What is a ‘Virtual Calling Card’?

(1) It is prepaid card used in cellular mobile phones

(2) It is prepaid card issued by MTNL, which can be used to make Local/STD/ISD calls from any phone to anywhere

(3) It is a prepaid card which can be used for transaction of money through voicemail service

(4) It is an electronic card which is used to access INTERNET service

(5) None of these

Question No : 7

“CAG picks holes in sell offs” was a news in some leading news papers in India. What is the full form of CAG?

(1) Credit and Growth Commissioner

(2) Controller and Auctioner

(3) Creditor and Guarantee Holder

(4) Coordinator and Governor

(5) Comptroller and Auditor General

Question No : 8

Which of the following cannot be called a major wheat producing State in India?

(1) Punjab

(2) Haryana

(3) Uttar Pradesh

(4) Madhya Pradesh

(5) Tamil Nadu

Question No : 9

Which of the following is a major rubber producing State in India?

(1) Kerala

(2) Assam

(3) West Bengal

(4) Orissa

(5) None of these

Question No : 10

Which of the following Vitamins is considered responsible for night blindness?

(1) B

(2) E

(3) K

(4) C

(5) A

Question No : 11

Many times we read a term in news-papers Basel-I/Basel-II. The term is associated with which of the following fields?

(1) Sports

(2) Banking & Finance

(3) Parliamentary Procedures

(4) Science & Technology

(5) None of these

Question No : 12

The Value Added Tax (VAT) was replaced which of the following taxes?

(1) Customs Duty

(2) State Sales Tax

(3) Excise Duty

(4) Service Tax

(5) None of these

Question No : 13

The revenue generated by the change in the rate of education cess will be utilized to fund which of the following sectors/segments of education in India?

(1) Primary Education

(2) Technical Education

(3) University Education

(4) Secondary Education

(5) None of these

Question No : 14

Many times we come across a term ‘DDT’ in the financial /economic transactions. What is the full form of the same?

(1) Direct Distribution Treaty

(2) Dividend Distribution Tax

(3) Delhi Denmark Treaty

(4) Direct Distribution Terminals

(5) None of these

Question No : 15

As per the news in the leading newspapers Government of India is in process of the establishment of ‘SROs’ for various market participants in the capital market. What is full form of ‘SROs’?

(1) Self Regulatory Organizations

(2) Small Regulatory Organizations

(3) Small Revenue Operators

(4) Securities Rollback Operators

(5) Securities Regulatory Organization

Question No : 16

As per RBI directives, which of the following functions cannot be outsourced by the banks?

(1) Recovery of bad loans

(2) Opening and closing of accounts

(3) Internal audit

(4) Cash collections from the parties

(5) Credit cards and Debit cards

Question No : 17

Which of the following is not a major rubber-producing state?

(1) Kerala

(2)Karnataka

(3) Tamil Nadu

(4) Orissa

(5) All of these

Question No : 18

‘Ranji Trophy’ is associated with the game of

(1) Hockey

(2) Football

(3) Cricket

(4) Badminton

(5) Golf

Question No : 19

Who amongst the following is the author of the book ‘The Algebra of Infinite Justice’?

(1) Kiran Desai

(2) Anita Desai

(3) Arundhati Roy

(4) Anita Nair

(5) None of these

Question No : 20

The 38th Parallel is the line between which of the following two countries?

(1) China-India

(2) India-Bangladesh

(3) India-Myanmar

(4) China-Nepal

(5) South-North Korea