Question No : 1

In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to _______

(1) Employ more and more people

(2) Maximize total profits

(3) Maximize total production

(4) Provide financial service to the people of the nation of its origin across the country

(5) Sell the goods at subsidized cost

Question No : 2

In a company the use of price sensitive corporate information by the company people to make gains or cover losses is known as _______

(1) insider trading

(2) future trading

(3) foreign trading

(4) stock trading

(5) None of these

Question No : 3

What is Repo Rate?

(1) It is a rate at which RBI sell Govt. securities to banks

(2) It is a rate at which RBI buys Govt. securities from banks

(3) It is a rate at which RBI allows small loans in the market

(4) It is a rate which is offered by banks to their most valued customers or prime customers

(5) None of these

Question No : 4

The agricultural census is done at which of the following intervals?

(1) There is no fixed term

(2) Once in three years

(3) Every year

(4) Once in ten years

(5) Once in five years

Question No : 5

The amount of which of the following reflects the overall budgetary position of the Government of India at a given time?

(1) Revenue Deficit

(2) Total Amount of Income Tax collected

(3) Capital Deficit

(4) Fiscal Deficit

(5) None of these

Question No : 6

Bharat Nirman does not cover which of the following areas?

(1) Rural employment

(2) Rural Water supply

(3) Rural Housing

(4) Irrigation facilities

(5) It covers all the above areas

Question No : 7

Which of the following financial products is NOT much popular in India?

(1) Development Bonds

(2) Insurance Policies

(3) Mutual funds

(4) Sovereign Wealth Funds

(5) All are very popular products in India

Question No : 8

Which of the following committee has given its recommendations on “Financial Inclusion”?

(1) Rakesh Mohan Committee

(2) Rangarajan Committee

(3) Sinha Committee

(4) Kelkar Committee

(5) None of these

Question No : 9

Which of the following policies of a country brings a crucial impact on the economic growth of the nation?

(A) Fiscal policy

(B) Foreign policy

(C) Social policies

(1) Only (A)

(2) Only (B)

(3) Only (A) and (B)

(4) Only (B) and (C)

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

Question No : 10

Which of the following correctly describes what sub-prime lending is?

(A) Lending to the people who cannot return the loans.

(B) Lending to the people who are high value customers of the banks.

(C) Lending to those who are not a regular customer of a bank.

(1)  Only (A)

(2)  Only (B)

(3)  Only (C)

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

(5) None of these

Question No : 11

Which of the following services provided by a bank in India is not liable for Service Tax as per existing laws?

(1) Safe Deposit Lockers

(2) Discount earned on certain discounted bills

(3) Merchant Banking Services

(4) Credit cards

(5) None of these

Question No : 12

In India Minimum Support Prices are announced by the Government of India every year. Which of the following commodities is not covered under this policy?

(1) Sugar

(2) Wheat

(3) Cotton

(4) White goods

(5) All are covered under the policy

Question No : 13

The 11^th Five Year Plan is termed as plan for ________

(1) India’s Health

(2) Eradication of poverty from India

(3) India’s Education

(4) Development of Rural India

(5) None of these

Question No : 14

An industry which is fighting hard to increase its market share in existing market (with new popular products) is known as _______

(1) market vendor

(2) market operator

(3) market leader

(4) market follower

(5) market challenger

Question No : 15

Which of the following is/are the objectives of developing Special Economic Zones (SEZs)?

(A) Generate additional economic activities.

(B) Generate additional employment opportunities.

(C) Promotion of export of goods and services.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (B)

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

Question No : 16

The compulsory Education Act will ensure education to the children upto the age of ____

(1) 10 years

(2) 12 years

(3) 8 years

(4) 6 years

(5) 14 years

Question No : 17

Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?

(1) Kisan Credit Card

(2) Personal Loan

(3) Business Loan

(4) ATM Card

(5) None of these

Question No : 18

Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?

(1) Personal Loan

(2) Corporate Loan

(3) Educational Loan

(4) Mortgage Loan

(5) None of these

Question No : 19

Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank?

(A) It does not accept deposits.

(B) It has a limited cash disbursement capacity.

(C) Lack of human interface.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these are limitations

Question No : 20

When the prices of commodities, goods and services start declining consistently, the phenomenon is known as _______

(1) Discount yield

(2) Negative growth

(3) Deflation

(4) Market Capitalization

(5) None of these