PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-55

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

 

Question No : 1

To which of the following is the National Agricultural Insurance Scheme (NAIS) applicable?

(1) Select food crops

(2) All food crops

(3) All plantations

(4) Select plantations

(5) None of these

Question No : 2

Expand the term DPAP

(1) Drought Prone Area Project

(2) Drought Protection Area Programme

(3) Drought Project Action Plan

(4) District Project Action Plan

(5) None of these

Question No : 3

Expand the term NHDF

(1) National Housing Development Fund

(2) National Highways Development Fund

(3) New Housing Development Fund

(4) National Human Development Fund

(5) None of these

Question No : 4

Which of the following terms is NOT used in the field of banking and finance?

(1) Blue chip companies

(2) Commercial paper

(3) Hedge

(4) Premium Bonds

(5) Wobbe Index

Question No : 5

As per the provision of the Micro Finance Bill cleared by the Government of India in February 2007, which of the following organisations/agencies is authorised to regulate the Micro Finance Sector in India?

(1) State Bank of India

(2) General Insurance Corporation of India

(3) SIDBI

(4) NABARD

(5) None of these

Question No : 6

BEML is a major Mini Ratna Company in India engaged production in heavy machines and defence equipments. What is the full name of the Company?

(1) Bihar Electronics and Melamines Ltd

(2) Bharat Earth Movers Ltd

(3) British Electronics & Metallics Ltd

(4) Brick Kiln Engg. & Metals Ltd

(5) None of these

Question No : 7

As per the reports published in various newspapers, the Reserve Bank of India has directed all core investment companies in India to register themselves with it if their asset size is Rs.100 crore or more.  Which of the following is True about the Core Investment Companies (CICs)?

(A) CICs are non-banking finance companies.

(B) CICs invest in shares for the purpose of taking stake in a company rather than for trading.

(C) CICs are required to register with RBI has most of them were found involved in business in foreign countries and not in India.

(1) Only (A)

(2) Only (A) and (B)

(3) Only (B) and (C)

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

(5) None of these

Question No : 8

Which of the following organizations/agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis which is coming in the way to give loans to micro borrowers?

(1) Micro Finance Institutions

(2) Regional Rural & Cooperative Banks

(3) NABARD

(4) RBI

(5) None of these

Question No : 9

The ministry of Finance released a comprehensive paper on Govt. debt in 2010. Which of the following is/are true about the same?

(A) The paper presents the road map for general debt to be raised by the Govt. of India during the period of 2011-2015 which is the period of the awards of the 13th Finance commission.

(B) As per the estimates, the target debt in the terminal year 2014–15 will be lower than whatever recommended by the 13th Finance commission.

(C) The paper has recommended that the Govt. should try to generate resources in such a way that it does not have to depend much on debt. The total debt should not be more than 1/3rd of the total requirements.

(1) Only (A)

(2) Only (B)

(3) Only (A) and (B)

(4) Only (B) and (C)

(5) None of these

Question No : 10

Which of the following is recognized as the biggest cause of Global Hunger in the world?

(1) Inflation

(2) Poor management of public distribution system

(3) Unemployment and/or underemployment

(4) Malnutrition

(5) All of these

Question No : 11

India is Not self-sufficient in the production of ______

(1) Sugar

(2) Milk

(3) Wheat

(4) Edible Oil

(5) Jute

Question No : 12

What is the purpose of National Green Tribunal which started functioning in 2010?

(1) Its main aim is to give suggestions how to protect and increase forest cover in India

(2) It will hear the cases related to environmental degradation

(3) It is launched to promote awareness towards climatic changes

(4) It is a Save Earth Campaign

(5) None of these

Question No : 13

Which of the following is famous Pharma Company in India?

(1) HCL

(2) BPCL

(3) IDPL

(4) Infosys Technology

(5) Grasim Industries

Question No : 14

Which of the following is NOT amongst the core industries/sectors?

(1) Coal

(2) Crude oil

(3) Power

(4) Steel

(5) Service sector

Question No : 15

‘FBTR is a term/ abbreviated name related to the area of _____

(1) Nuclear power

(2) Agriculture

(3) Economy

(4) Medical Science

(5) Sports

Question No : 16

According to Ministry of Consumer Affairs, which one of the following products had contributed maximum to take the inflation at highest level?

(1) Vegetables

(2) Jowar

(3) Atta

(4) Coconut oil

(5) Milk

Question No : 17

Which of the following prizes/award is NOT given for excellence in literature?

(1) Murtidevi Award

(2) Arjuna Awards

(3) Vyas Samman

(4) Pulitzer Prize

(5) Saraswati Samman

Question No : 18

Which of the following schemes is NOT launched by the Govt. of India?

(1) Mid Day Meal Scheme

(2) Programme for Control Blindness

(3) Rural Health Mission

(4) Jeevan Anurag

(5) ASHA

Question No : 19

The Business Correspondence Model being adopted by the banks provides Banking facilities to which of the following

(1) Only Corporate borrowers

(2) Only weaker sections the society and people of small villages

(3) Only those who are taking housing loans

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

(5) None of these

Question No : 20

Which of the following agencies/organizations in India maintains the Micro Finance Development and Equity Fund?

(1) Confederation of Industries in India (CII)

(2) Indian Bank’s Association (IBA)

(3) Small Industries Development Bank of India (SIDBI)

(4) Reserve Bank of India (RBI)

(5) National Bank for Agriculture and Rural Development (NABARD)