Question No : 1

Which of the following is the abbreviated name of the body/agency set up to boost foreign investment in India?

(1) FOREX

(2) FCCB

(3) FIPB

(4) FEMA

(5) AITAF

Question No : 2

Performance of which of the following is not considered infrastructural sector of the economy?

(1) Electricity

(2) Textile Sector

(3) Telecom

(4) Cement

(5) Railways

Question No : 3

What does the letter F denote in ‘NBFC’, a term seen very frequently in banking world?

(1) Formal

(2) Fiscal

(3) Federal

(4) Functional

(5) Financial

Question No : 4

Sachin Tendulkar made his 100^th century in the match played between India and ____(2012)

(1)  Pakistan

(2) England

(3) Australia

(4) Bangladesh

(5) Sri Lanka

Question No : 5

Collection of coins is both a hobby and study. Which word describes this habit?

(1) Philately

(2) Numismatics

(3) Coinage

(4) Mint

(5) None of these

Question No : 6

Expand the term BCBS

(1) Bank’s Committee on Banking Supervision

(2) Basel Committee on Banking Supervision

(3) Bank’s Commission on Banking Supervision

(4) Basel Commission on Banking Supervision

(5) None of these

Question No : 7

In a Poverty Pyramid index, which one of the following segments of population face highest poverty risk?

(1) Formal wage employment

(2) Informal Self Employment: Employers

(3) Regular Informal Wage employment

(4) Informal self Employment own account

(5) Casual Informal Wage Employment and domestic work

Question No : 8

Which one of the following is the primary source of energy in India?

(1) Hydel Power

(2) Natural Gas

(3) Coal

(4) Naptha

(5) Non Conventional Energy

Question No : 9

At which one of the following rate, the Central Bank lends to banks against government securities?

(1) Repo Rate

(2) Bank Rate

(3) SLR

(4) CRR

(5) Reverse Repo Rate

Question No : 10

Which of the following is NOT a measure to control inflation adopted by the Government and/or RBI?

(1) Monetary Policy

(2) Financial Inclusion

(3) Fiscal Policy

(4) Price Control

(5) Bank Rate Policy

Question No : 11

Reserves which can act as a liquidity buffer for commercial banks during crisis times are

(1) CAR

(2) CAR and CRR

(3) CRR

(4) CRR and SLR

(5) SLR

Question No : 12

As we all know ‘Mobile Banking’ is comparatively a new mode of banking all over the world, what is its status in India?

(A) The willingness to conduct banking through mobile devices is higher in India

(B) About 4% of total m-commerce transactions have taken place in the first few months of the

 current fiscal year in India

(C) Since RBI’s permission is needed for offering mobile-banking, only two private banks are providing this service at present.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 13

Many times we hear about the “Banking Ombudsman”.  What is/are the major roles of same?

(A) Banking Ombudsman is a quasi judicial authority having powers to summon, the banks and the customers both in case of dispute.(B) The Banking Ombudsman are appointed by the President of India and are retired judges of the High or Supreme Courts.

(C) The decisions/judgements given by the banking Ombudsman cannot be taken to any court of justice as their decisions are last in case of bank related problems/disputes.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 14

The letter ‘D’ stands for which of the following in the abbreviated name OECD? (Organisation of Economic Cooperation and _____

(1) Defence

(2) Direction

(3) Dominance

(4) Development

(5) Devaluation

Question No : 15

Which of the following sets belongs to Central tax?

(1) Excise duty, Sales tax and Custom duty

(2) Excise duty, custom duty and Income tax

(3) Income tax, Custom duty and House tax

(4) Custom duty, Entertainment tax and Income tax

(5) None of these

Question No : 16

Which of the following years was adjudged as the ‘Hottest Year of the Century’ as per report prepared by the NASA?

(1) 2003

(2) 2004

(3) 2005

(4) 2000

(5) None of these

Question No : 17

Which of the following is not a Negotiable Instrument?

(1) Cheque

(2) Fixed Deposit Receipt

(3) Promissory Note

(4) Bill of Exchange

(5) All (1) to (4) above are negotiable instruments

Question No : 18

Which of the following is the purpose owing to which banks have created Investment Fluctuation Reserves (IFR)? This will help them in managing___

(1) Interest rate risk

(2) Foreign Currency Accounts

(3) CRR

(4) SLR

(5) None of these

Question No : 19

Which of the following organizations has created an ‘Investor Protection Fund’, which is funded by fines and penalties collected by the organization itself from various clients?

(1) SEBI

(2) RBI

(3) IRDA

(4) AMFI

(5) None of these

Question No : 20

Many times we read a term ‘Free Market’ in newspapers. What does it mean?[Pick up the correct statement(s)]

(A) It is a market where pricing is driven by the laws of supply and demand.

(B) In free market things are available without restraints of the government.

(C) In such markets goods are free from extraneous influences such as tariff or quotas.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) (A) and (B) both

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