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 the full form of the term ‘REER’ as used in the field of banking?
(1) Real Enforced Exchange Ratio
(2) Real Effective Exchange Rate
(3) Retrospective Exchange Effective Ratio
(4) Real Extraordinary Exchange Rate
(5) None of these
Question No : 2
Many times we come across a term Asset Liability Management System (ALM) in reference to banking operations. Which of the following statements about the ALM is true?
(A) It is a system to assess various types of risks.
(B) Its ultimate goal is to achieve maximum profit without much effort.
(C) It is nothing but a new name of Deposit to Credit Ratio of Bank.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) (A) and (B) both
(5) None of these
Question No : 3
‘Kip’ is the currency of ____
(1) Taiwan
(2) Laos
(3) Kenya
(4) Uzbekistan
(5) None of these
Question No : 4
Which of the following is a centrally sponsored scheme for promoting education?
(1) DPEP
(2) PURA
(3) PEER
(4) COSTFORD
(5) None of these
Question No : 5
The number used in fluid mechanics to determine whether fluid flow will be turbulent or smooth is known as ____
(1) Atomic Number
(2) Reynolds’s Number
(3) Valency
(4) Radio Carbon Dating
(5) None of these
Question No : 6
The RBI reviews its credit and monetary policy at regular intervals and also in between. What is the purpose of the same?
(A) To ensure that inflation does not cross the limit.
(B) To ensure that banks have enough liquidity.
(C) To ensure that cost of the fund does not reach a very high level.
(1) Only (A)
(2) Only (B)
(3) Only (B) and (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 7
The recent extraordinary global developments triggered by the bankruptcy/sellouts /restructuring of some of the world’s largest financial institutions have resulted in severe disruption of money markets and decline of stock markets across the world. What measures RBI has taken to protect Indian Markets and financial institutions from such casualties?
(A) RBI has decided to keep full control on selling and purchase of foreign exchange which will be done through its offices only. Banks and other agents will not be allowed to sell/purchase the foreign exchange directly.
(B) Banks are asked to lower down their prime lending rates to accommodate more and more borrowers.
(C) Government of India will now sell their Security/Developments bonds only in foreign countries through selected branches of some nationalized banks as it will attract foreign investors who are skeptical in investing in Indian Companies these days.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 8
Very often we read about the Monetary Policy of the RBI in a newspapers/magazines. What is/are the objectives of the Monetary Policy of the RBI?
(A) To maintain price stability and ensure adequate flow of credit to the productive sector of the economy.
(B) Stability for the national currency, growth in employment and income are also looked into.
(C) Change in government revenue and expenditure to influence the level of national output and prices.
(1) Only (A)
(2) Both (A) and (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 9
Which of the following is/are different categories of Inflation?
(A) Open and suppressed
(B) Cost push
(C) Demand pull
(1) Only (A)
(2) Both (A) and (B)
(3) Both (B) and (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 10
Which of the following services is introduced by the Reserve Bank of India and SEBI in India for the first time?
(A) Trading of Currency futures.
(B) Opening of NRI Accounts in Indian currencies.
(C) Foreign Direct Investment through Participatory Notes (PNs) by the Foreign Institutional Investors.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 11
The major part of the Indian Exports goes to which of the following groups of the nations?
(1) Europe
(2) Africa
(3) South East Asia
(4) Nepal
(5) None of these
Question No : 12
Many times we read about Rural Indebtedness in various newspapers/magazines. What are the main causes of the rural indebtedness?
(A) Poverty.
(B) Inability to repay the loans.
(C) Jamindari System which prevents farmers to own the land.
(1) Only (A)
(2) Only (B)
(3) Both (A) and (B)
(4) Only (C)
(5) All (A), (B) and (C)
Question No : 13
Department of Post & Telegraph services in India has introduced Electronic Money Order Services in the country. Which of the following is/are the features of the same?
(A) Service is available only in Urban Post Offices.
(B) Service is available also for bulk booking.
(C) Booked at only those post offices which are having Broad Band Connectivity.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 14
The process of the total valuation of the financial capital assets of a country is technically known as _______
(1) Market Capitalization
(2) Gross Domestic Product
(3) Net wealth of the country
(4) Gross Domestic Resources
(5) None of these
Question No : 15
Which of the following is NOT the part of the organized sector of Indian Money Market?
(1) Mutual Funds
(2) Non-Banking Financial Companies
(3) Unit Trust of India
(4) Reserve Bank of India
(5) Chit funds
Question No : 16
As per the judgement given by the Supreme Court of India the vacant/unfilled OBC seats in Central Education Institutions should be given to _______
(1) Scheduled caste candidates
(2) The dependents of freedom fighters
(3) The dependents of defence personnel killed in action
(4) The physically challenged candidates
(5) General category candidates
Question No : 17
District Primary education Programme which was implemented in 1994 is a _____
(1) Central Government sponsored programme
(2) State Government sponsored programme
(3) Panchayat Level Programme
4) Programme launched by some NGO’s in Orissa and Uttar Pradesh only
(5) UNESCO sponsored programme
Question No : 18
Which of the following are the three main objectives of the “Rajiv Gandhi National Drinking Water Mission”?
(A) Providing safe drinking water to all villages.
(B) Giving special attention for water supply to Scheduled Caste/Tribes.
(C) Assisting local communities to maintain sources of safe drinking water in good condition.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) All (A), (B) and (C)
(5) None of these
Question No : 19
Which of the following is the name of the scheme launched by the Government of India for the Social Empowerment of the Women?
(1) Annapurna
(2) ASHA
(3) Swadhar
(4) SEWA
(5) None of these
Question No : 20
Which of the following is introduced by banks to increase financial inclusion?
(1) Stimulus package
(2) Internet Banking
(3) Business correspondent
(4) Corporate Banking
(5) None of these