Question No : 1

Gold Mines in India are located mainly in—

(1) Kolar

(2) Raniganj

(3) Jadugoda

(4) Veeranam

(5) None of these

Question No : 2

‘Commercial Papers’ are issued by _______

(1) a company to a bank

(2) Banks to Companies

(3) Banks to Banks

(4) Company to its suppliers

(5) None of these

Question No : 3

Which of the following types of banks are given some partial exemptions from CRR norms by the RBI?

(A) Scheduled Commercial Banks (SCBs)

(B) Private Sector Banks (PSBs)

(C) Regional Rural Banks (RRBs)

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) (A) and (B) both

(5) (A) and (C) both

Question No : 4

As per reports published in the newspapers, Visa and Master Cards want banks to pursue EMV Technology Standards. What is the full form of EMV Standards?

(1) Europay Master Card Visa Standard

(2) European Multiple Volume Standard

(3) English Master Card Visa Standard

(4) Electronic Multiple Variety Standard

(5) None of these

Question No : 5

For which  of the following reason, the world’s largest credit rating agency ‘Standard and Poor’s Rating Services’ has upgraded its outlook on India to ‘Positive’?

(1) On account of the Government’s success in reining the debt market

(2) On account of the IMF norms compliance by Govt of India

(3) On account of World Bank’s compliance by Govt of India

(4) On account of reduced BoP deficit

(5) On account of reduced fiscal deficit

Question No : 6

Which of the following cups/trophies is NOT associated with the game of Hockey?

(1) Surjeet Singh Cup

(2) Irani Trophy

(3) Federation Cup

(4) Cuppuswamy Cup

(5) Scinidia Gold Cup

Question No : 7

Equity schemes managed strong NAV gains, which boost their assets was news in some financial newspapers. What is the full form of the term NAV as used in above head lines?

(1) Nil accounting variation

(2) Net Accounting Venture

(3) Net Asset Value

(4) New Asset venture

(5) None of these

Question No : 8

Nirmal Gram Panchayat (NGP) Award is given for which of the following causes?

(1) Promoting rural health

(2) Promoting education in rural areas

(3) Promoting sanitation in rural areas

(4) Promoting use of computers in rural areas

(5) None of these

Question No : 9

Which of the following programme is being implemented by the National Bank for Agriculture and Rural Development (NABARD)?

(1) Prime Minster’s Rozgar Yojana (PMRY)

(2) Swarnjayanti Gram Swarojgar Yojana (SGSY)

(3) District Rural Industrial Project (DRIP)

(4) Rural Employment Generation Programme (REGP)

(5) None of these

Question No : 10

For which of the following banks “Protected Disclosure” scheme is being introduced?

(1) Public Sector Banks only

(2) Co-operative Banks only

(3) Private Banks only

(4) Foreign Banks only

(5) Private and foreign banks

Question No : 11

‘NASA’ is the space research organisation of

(1) Russia

(2) UK

(3) USA

(4) China

(5) Germany

Question No : 12

As per the news published in various news papers Pakistan has imposed 15 percent regulatory duty on exports of cotton yarn. Why countries are required to impose regulatory duties on exports of some of their commodities while in the eyes of the layman more exports means more foreign exchange and more revenue for the Government?

(A)  It is done to control the exports of commodity as it may be needed more in local markets than in foreign countries.

(B)  It is done to control the general inflation in the country as the inordinate exports of various commodities create imbalance and also cost push inflation.

(C)  It is a good short time measure to collect more revenue from the exports of the commodity which is in high demand in overseas markets.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 13

Which of the following instruments is used to regulate temperature to a particular level?

(1) Telemeter

(2) Voltmeter

(3) Thermostat

(4) Periscope

(5) None of these

Question No : 14

Who is the Ex-officio Chairman of the Planning Commission?

(1) Finance Minister

(2) Minister for Rural & Community Development

(3) Prime Minister

(4) Home Minister

(5) None of these

Question No : 15

ONGC-Mittal Energy finds hydrocarbons in two blocks OPL-279 and OPL-285 in Nigerian sea was the news in some major news papers. What is the full form of the term OPL as used in the above head Line?

(1) Oil prospecting License

(2) Ownership and partnership Lease

(3) Overseas private Line

(4) ONGC-petroleum Ltd

(5) None of these

Question No : 16

Which of the following are traded on the bullion market?

(1) Silver

(2) Gold

(3) Silver, Gold

(4) Diamond

(5) None of these

Question No : 17

If the Bank Rate at present is fixed at 9%. What does it mean in context to the banking operations?

(1) No bank will be able to give loan to any party on a rate lower than the Bank Rate

(2) Bank should give loan to their priority sector customers/borrowers at the rate of 9% only.They cannot charge less or more than this from their priority sector clients.

(3) Banks are required to invest 6% of their total capital on financial inclusion and inclusive banking operations

(4) Banks will be required to give 6% of their total deposits to the Government of India for meeting its Balance of Trade requirements.

(5) None of these

Question No : 18

As per the reports in various news papers many private companies are trying to obtain the licenses to launch a banking company in India. Which of the following organisations/agencies issue the licences for the same?

(1) Securities and Exchange Board of India (SEBI)

(2) Indian Institute of Banking and Finance (IIBF)

(3) Indian Bank Association

(4) Registrar of Companies

(5) None of these

Question No : 19

If Reserve Bank of India raises the Cash Reserve Ratio (CRR) by 25 bps, what action banks will have to take to implement the same?

(A) They will have to deposit some more money with the RBI as reserved money.

(B) Banks will be required to give some more loans to projects of the priority sector.

(C) Banks will be required to give loan equivalent to the CRR to the Government of India for its day to day expenditure as and when required.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (B)

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

Question No : 20

As per the announcement made by the RBI some Stock Exchanges in India are allowed to introduce Plain Vanilla Currency Options. The term Plain Vanilla Currency Options is associated with which of the following activities/operations?

(1) Dollar-Rupee Exchange Rate

(2) Floating of Commercial Papers

(3) Launch of new mutual funds

(4) Deciding the opening price of a share on a particular business day

(5) None of these