PREPARATORY QUESTIONS

BANKING/FINANCIAL KNOWLEDGE

PREPARATORY SET-62

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 correctly describes what e-Bharat is?

(1) It is a comprehensive governance programme for rural India launched by the Government of India.

(2) It is the new service launched by the MTNL which will provide cheap mobile connection to rural Indians.

(3) It is a newly internet service launched by the Tatas providing cheap connections to rural People.

(4) It is a call centre service launched by the ITC to help farmers

(5) None of these

Question No : 2

As per the decision taken by the RBI the Know Your Customer Norms will now be applicable also for which of the following organizations?

(1) NBFC

(2) Insurance Companies

(3) Stock Brokers

(4) Builders and Property Dealers

(5) None of these

Question No : 3

Which of the following banks in the year 2006 started banking operations in China?

(1) Bank of India

(2) State Bank of Bikaner and Jaipur

(3) State Bank of India

(4) Indian Overseas Bank

(5) Corporate Bank

Question No : 4

Which of the following banks is taken over by the Standard Chartered Bank?

(1) Bank of Bahrain and Kuwait

(2) Development Bank of Singapore

(3) Deutsche Bank

(4) Federal Bank of Germany

(5) None of these

Question No : 5

Which of the following trophies is associated with the game of Foot-ball?

(1) Evert Cup

(2) Merdeka Cup

(3) Mumbai Gold Cup

(4) Bharat Ram Cup

(5) VCC Cup

Question No : 6

Which of the following terms is NOT related with the game of cricket?

(1) Googly

(2) Silly Point

(3) Smash

(4) Bouncer

(5) Mid Wicket

 

Question No : 7

Which of the following is a programme to provide electric connections to those living below poverty line?

(1) MPLADS

(2) Ganga Kalyan Yojana

(3) Kutir Jyoti

(4) Sangam Yojana

(5) None of these

Question No : 8

Which of the following events is NOT associated with the game of Tennis?

(1) French Open

(2) Australia Open

(3) US Open

(4) Formula Renault–6

(5) Wimbledon

Question No : 9

Which of the following activities does NOT form a part of the functions of a well established Banking Company?

(1) Liquidity Management

(2) Frequency Modulation of Delivery channels

(3) Forex Management

(4) Outsourcing Back room operations

(5) Enhancing/Forecasting/Monitoring cash flow

Question No : 10

Which of the following monuments of India is now one of the Seven New Wonders of the World?

(1) Dal Lake of Srinagar

(2) Mughal Garden of the Rashtrapati Bhavan

(3) Gol Gumbaj of Bijapur

(4) Victoria Memorial of Kolkata

(5) Taj Mahal

Question No : 11

What is the full form of ‘SAFMA’ which was in news in recent past?

(1) South African Forum for Medical Assistance

(2) South Association for Medical Aids

(3) South Asian Free Media Association

(4) Social Award for Managerial Assistance

(5) None of these

Question No : 12

‘Arjuna Awards’ are given for the excellence in the field of _____

(1) Literature

(2) Science

(3) Films

(4) Sports

(5) Social service

Question No : 13

Which of the following incidences/events took place on the 21st July 1969 and is referred as Universal Wonder in the history of mankind?

(1) Moon Landing by Apollo -11

(2) Invention of Nuclear Bomb

(3) Invention of Super Computer

(4) Heart Transplantation

(5) None of these

Question No : 14

The first public issuance of the company’s shares to investors on a stock exchange to raise capital is known as ___

(1) Initial Public offer

(2) Follow up offer

(3) Mutual Fund

(4) Hedge Fund

(5) None of these

Question No : 15

Which of the following Credit Cards is specially designed for the people involved in agricultural activities?

(1) Visa Card

(2) Masters Card

(3) Gold Card

(4) Kisan Credit Card

(5) None of these

Question No : 16

According to Dr. Mohammad Yunus, the Nobel prize winner Economist, a particular type of financing undertaken by the banks, has created a miraculous situation where every year about 5% clients of the Grameen Banks come out of their poverty and join the main stream of the socio economic development in poor/developing countries. This financing activity of the banks is known as

(1) Trade Finance

(2) Micro Credit

(3) Export Finance

(4) All of these

(5) None of these

Question No : 17

As we all know India has a three-tier structure of tax administration. There are taxes levied by Central Government, State Governments and Local Governments. Which of the following taxes is levied by the Local Government Bodies?

(1) Value Added Tax

(2) Tax on water supply and drainage etc

(3) Stamp Duty

(4) Service Tax

(5) Land Revenue

Question No : 18

As per the reports published by the International Monetary Fund (IMF), the developing economies across the world are holding a massive stockpile of foreign exchange reserves.  Which of the following is/are the resultant consequences of this type of stock pilings by various nations?

(A) A trade imbalance (vast difference in value of imports/exports) is generated between the developing and emerging economies and the rich countries. It is not a healthy sign.

(B)  Many economists are of the opinion that these imbalances created the underpinning of the current global economic crisis.

(C) This stockpiling is responsible not only for problems in trade balances but has also created a problem of money laundering

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (B)

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

Question No : 19

Many times we see a term ‘PPP in financial newspapers. One full form of it is “Private Public Partnership”.  What is another version of the same also used in the financial world?

(1) Point to Point Protocol

(2) Perfect, Preferred and Protected

(3) Power Point Presentation

(4) Purchasing Power Parity

(5) None of these

Question No : 20

As per the announcement made in 2011, the Government of India is going to launch a National Mission for which of the following in near future?

(1) National Mission for Female Literacy

(2) National Mission for Abolishing Child Labour

(3) National Mission for Computer Literacy

(4) National Mission for protecting the Rights of Physically Challenged

(5) None of these