PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-57

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 is NOT a tax/duty levied by the Govt of India?

(1) Income Tax

(2) Service Tax

(3) Custom Duty

(4) Toll tax

(5) Education Cess

Question No : 2

Many times we hear about SEZ in newspapers/magazines. What is the full form of SEZ?

(1) Small Economic Zone

(2) Social Economic Zone

(3) Special Enforcement Zone

(4) Special Economic Zone

(5) None of these

Question No : 3

Which of the following awards is given by the UNESCO to those who put their efforts to popularise use of science in life?

(1) Magsaysay Award

(2) Booker Prize

(3) Kalinga Award

(4) Kalidas Samman

(5) None of these

Question No : 4

‘Commonwealth Day’ is observed on which of the following days?

(1) May 21

(2) May 25

(3) April 25

(4) April 21

(5) May 31

Question No : 5

Which is the largest orange growing state in India?

(1) Maharashtra

(2) Punjab

(3) Orissa

(4) Madhya Pradesh

(5) Karnatak

Question No : 6

As per latest data in urban areas women employment is highest in which of the following industries areas?

(1) Textiles

(2) Apparel

(3) Education

(4) Retail Trade

(5) Private households

Question No : 7

Which of the following terms is NOT used in the game of Cricket?

(1) Doosra

(2) Century

(3) Bouncer

(4) Love

(5) Ashes

Question No : 8

Jaundice is caused due to the infection of ___

(1) Brain

(2) Liver

(3) Kidney

(4) Spleen

(5) None of these

Question No : 9

Which of the following terms is used in the field of economics?

(1) Absolute Zero

(2) Molecular Equation

(3) Zero Point Energy

(4) Balance Payment

(5) Mass Defect

Question No : 10

As reported in some newspapers/magazines, the Govt of India is planning to create a database of “Traditional Indian Drugs”. Which of the following is the main objective of creating such database?

(A) To prevent wrong patenting of drugs by other nations.

(B) To create awareness that India has a vast resource of natural drugs/medicinal plants.

(C) Govt. of India is planning to set up a plant which will produce drugs from herbs and  medicinal plants only.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 11

As reported in various newspapers many banks have revised their interest rates on home loans, car loans and other such loans. Which of the following phenomenon prompted these banks to make such an upward revision in their interest rates?

(A) RBI has revised the CRR and other such rates upward, which has created a liquidity crunch in the market.

(B)  Stock markets in the country are showing very high fluctuations as visible through their indexes. As a result banks have lost a huge amount of money in trading. Banks now want to recover that money by increasing their interest rates.

(C) Banks are in need of a huge amount of money, as they have to give revised pay to all its employees.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 12

Which of the following games/sports is NOT included in the list of Commonwealth Games?

(1) Hockey

(2) Weightlifting

(3) Golf

(4) Boxing

(5) Table Tennis

Question No : 13

The Constitution of India mandates that the elections of the Panchayat Raj Should be held regularly after a gap of

(1) 2 years

(2) 3 years

(3) 4 years

(4) 5 years

(5) 7 years

Question No : 14

As per the reports published in the newspapers, the external debt of India has increased substantially in the recent past. Which of the following is/are the major reasons for the same?

(A) Increase in overseas borrowings by the corporates.

(B) Fluctuations in the currency rates.

(C) Rise in inflation in India.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 15

Which of the following statement(s) is/are True about the Grameen Pushti Yojana of the Govt of India?

(A) The scheme aims to provide nutritional food to children, pregnant women and lactating Mothers.

(B) The scheme will be implemented in the state of Chattisgarh only.

(C) The finance for the scheme would be provided by the World Bank and the Asian Development Bank.

(1) Only (A)

(2) Only (B)

(3) Both (A) and (B)

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

(5) None of these

 

Question No : 16

Which of the following is/are included in “Deficit Financing” in India? (The term is used frequently in economic planning)

(A) Borrowing from the Reserve Bank of India.

(B) Issue of new currency notes.(C) Withdrawal of past balances/surpluses etc.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 17

Standard and Poor’s is a Credit Rating Agency of international repute. Which of the following is one such agency of Indian origin?

(1) IBA

(2) BASEL

(3) SEBI

(4) IRDA

(5) CRISIL

Question No : 18

Which of the following issues cannot come under the preview of the functioning of the Human Right Commission of a country?

(1) Racial Discrimination

(2) Treatment to Prisoners of War

(3) Human Trafficking

(4) Climate Migration

(5) Child Abuse

Question No : 19

A prominent international weekly sometime ago printed a caption on its cover page which read “Brazil Takes Off’. Other major newspapers/magazines also printed similar stories/articles in their publications at the time.  Why have magazines/newspapers decided to talk about Brazil these days?

(A) All major economies of the world have been taking time to recover from the recession but Brazil was one of those which was “Last in and First out.”

(B)  Brazil is a member of BRIC, but unlike China it is a democracy, unlike India, it has no hostile neighbours, no insurgents and unlike Russia it exports more oil and arms and treats foreign investors with more respect.

(C) Brazil is the world’s second largest booming economy.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) Only (A) and (B)

Question No : 20

If you see a big hoarding at a prominent public place, the punch line of which says “We All Were Born Free”, “We All Have Equal Rights”, in all probability, the hoarding is put up by

(1) National Commission for Farmers

(2) National Human Rights Commission

(3) Directorate of Income Tax

(4) Ministry of Foreign Affairs

(5) Union Public Service Commission