Question No : 1

Which of the following function are not being performed by the Reserve Bank of India?

(1) Regulation of Bank in India

(2) Regulation of foreign Direct Investment in India

(3) Foreign Currency Management in India

(4) Control and Supervision of Money Supply

(5) Currency Management in India

Question No : 2

Rabi season is considered between_____

(1) December to May

(2) October to March

(3) May to October

(4) April to September

(5) January to June

Question No : 3

Additional deduction from income is proposed to be continued for investment in _____as per the provisions of Union deposits of 3 years

(1) Bank deposits of 3 years

(2) Long term Infrastructure bonds

(3) Tax free Bonds

(4) There is no such provision

(5) New Public Issues

Question No : 4

Who amongst the following was never Finance Minister of India?

(1) Dr. Manmohan Singh 

(2) Sri. P. Chidambaram                   

(3) Sri. Kamal Nath

(4) Sri. Pranab Mukherjee

(5) None of these

Question No : 5

Many a times we come across the term “Cash flow” in financial news papers. What does it mean?

(1) It represents the amount in hand at the end of the business hours of any organization including cash, credits and other borrowings

(2) It is a finance and accounting term used to describe the net amount of cash generated by a firm’s operations. It is net income after all tax and non-cash expenses are deducted from it

(3) It is the cash balance with the organization after deducing all expected expenses at a particular point of time at the beginning of the day

(4) It is the turn over expected or actual for a day of a business organization

(5) None of these

Question No : 6

Various provisions of Securitization Act and the freedom given by the RBI to the banking industry has certainly given an upper hand to the banks in recovery of bad loans. Still banks face a lot of problems in this area. Which of the following statement(s) reflecting some of these problems is/are TRUE?

(A) There is a death of supporting agencies like liquidators, receivers, seizing and securitizing agencies and professionals.

(B) Getting clearance from various Government agencies/tax authorities takes time.

(C) Banks normally do not give loans to a party willing to purchase a sick unit or a unit thus captured by a bank.

(1) Only (C)

(2) Only (B)

(3) Only (C)    

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

(5) None of these

Question No : 7

A tem of British researchers has succeeded in producing hydrogen fuel from ____

(1) Wheat 

(2) Sugar

(3) Sunflower

(4) Rice

(5) Soya Bean

Question No : 8

‘Green Revolution’ has played a very important role in development of Indian economy. What were the main components of technology package of Green Revolution?

(A) High Yield Variety of seeds.

(B) Chemical Fertilizers.

(C) Assured irrigation facilities.

(1) Only (A) and (B)

(2) Only (C)

(3) Only (A) and (C)

(4) Only (B)

(5) All of these

Question No : 9

Which of the following is the correct definition of ‘SWAPS’ as it is used in financial transactions?

(A) It is a debt instrument used to raise capital.

(B) It is a contract between two parties to exchange two different streams of payments for an agreed period of time.

(C) If refers to the account of an NRI in a bank of Indian origin operating in his/her country but operated in Indian currency.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (B)

(5) None of these

Question No : 10

The cultivation and production of which of the following cannot be called as production of spices?

(1) Pepper

(2) Bitter gourd

(3) Ginger

(4) Garlic

(5) Cumin

Question No : 11

The Centre for Monitoring Indian Economy (CMIE) has said that the country’s food grain production is expected to decline in the current fiscal. This is due to which of the following reason(s)?

(A) Heavy drought/flood in some parts of the country.

(B) Fall in the area under food grain cultivation.

(C) Cut in amount of subsidy given for high yielding variety seeds and fertilizers.

(1) Only (A)

(2) Only (B) and (C)

(3) Only (C) and (A)

(4) Only (B)

(5) Only (A) and (B)

Question No : 12

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

(1) Penalty corner

(2) Long corner

(3) Penalty stroke

(4) Roll in

(5) Long on

Question No : 13

Which of the following is NOT considered as a Green House Gas?

(1) Methane

(2) Carbon dioxide

(3) Nitrous oxide

(4) Oxygen

(5) All these are not Green House Gases

Question No : 14

Which of the following terms is NOT a financial term?

(1) Investment

(2) EI Nino effect

(3) RTGS        

(4) Core banking Solution

(5) All are financial terms

Question No : 15

Which of the following countries launched its first (year 2008) Lunar Orbiter ‘Change-I’?

(1) India

(2) South Korea 

(3) China

(4) France

(5) None of these

Question No : 16

Which of the following organisations/agencies has asked all the banks in India to form customer service panels at branch levels

(1) Indian Bank’s Association

(2) Securities & Exchange Board of India (SEBI)

(3) Reserve Bank of India (RBI)

(4) Supreme Court of India

(5) None of these

Question No : 17

Many times we read in newspaper about the benefits of National Electronic Funds Transfer (NEFT), a delivery service launched by the bank. Why do banks advocate for such delivery channels?

(A) It is a system in which no physical transfer takes place, hence risk is very low.

(B) In this system banks are not required to transfer any money actually to the account of the customer. Only book adjustment is done. Hence actual fund is not needed.

(C) This facility is available to anybody at any place. Even having a bank account is not at all necessary.

(1) Only (A) is correct

(2) Only (B) is correct

(3) Only (C) is correct

(4) Both (A) and (B) are correct

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

Question No : 18

Which of the following is NOT a mode of foreign capital inflow to India?

(1) FDI

(2) FII

(3) NRI Accounts

(4) No-Frills Accounts

(5) All these are valid for foreign capital inflow

Question No : 19

Many times we see banks advertise – “Anywhere Banking: Anytime Banking”. Which of the following products/facilities launched by banks make it possible for the customers to avail banking services 24 hours all seven days?

(A) ATM

(B) Internet Banking

(C) Universal cheque book facility

(1) Only (A)

(2) Only (B)

(3) Both (A) and (B)

(4) Only (C)

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

Question No : 20

As we all know Securities & Exchange Board of India (SEBI) has taken some corrective steps to restrict functioning of Participatory Notes (P-Notes) in Indian Stock Markets. Why P-Notes are considered dangerous for the financial markets of a country?

(A) This allows a foreign investor to invest funds without knowing the history /financial health of a company. If the company fails foreign investors lose their money. Govt of India does not want this as this will bring a bad name to the country.

(B)  P-Notes allow foreign investors to buy shares of blue chip companies without following Know Your Customer (KYC) norms. Hence money invested here may not be from a valid and legal source.

(C) P-Notes are launched to arrange fund only for social schemes. Due to huge funds available with NRIs for investment they are sending it in bulk. Hence the cost of such investment is very high and it is not commercially viable for banks to accept such investments.

(1) Only (A) is correct

(2) Only (B) is correct

(3) Only (C) is correct

(4) Both (A) and (B) is correct

(5) None of these