Question No : 1

What is the maximum balance amount that is eligible for earning interest in a normal savings bank account?

(1) Rs.1 lakh

(2) Rs.2 lakhs

(3) Rs.3 lakhs

(4) Rs.5 lakhs

(5) No limit

Question No : 2

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 : 3

A bank is called as ‘Scheduled Bank’ when______

(1) Its business has crossed Rs.1000 crore mark

(2) Its branch network is over 100

(3) Its is include in the second Schedule of the RBI Act

(4) When it compiles with all the three above

(5) None of these

Question No : 4

Australian Government decided to sell Uranium to India in 2012. Uranium is mainly for

(1) Manufacturing of chemical fertilizers

(2) Manufacturing of Drugs/Pharma products

(3) Nuclear power generation

(4) Making arsenals

(5) Making electronic chips

Question No : 5

Which of the following countries is NOT a member of ASEAN?

(1) Thailand

(2) Myanmar

(3) Singapore

(4) Vietnam

(5) Brazil

Question No : 6

Whenever newspapers talk about the performance of core industries, which of the following is NOT considered among them?

(1) Petroleum

(2) Automobile

(3) Mining

(4) Steel

(5) Cement

Question No : 7

As we all know Government is paying much attention to improve Public Distribution System (PDS) in our country. Which of the following have been the achievements of the PDS untill now, owing to which Government wants to further improve it? [Pick up correct statement(s)].

(A) After implementing PDS in India, no famine was reported. PDS was always there to give people at least the bare minimum to survive.

(B) A drought of 1987 was worst in this century but PDS played a vital role in overcoming the drought.

(C) Now PDS is feeding the poorest of the poor in this country.

(1) Only (A) 

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 8

Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts?

(1) Fiscal Responsibility & Budget Management Act

(2) Banking Regulation Act

(3) Financial Action Task Force Act

(4) Foreign Exchange Management Act

(5) None of these

Question No : 9

Saving bank accounts are opened by ___

(1) Trading entities, manufacturing entities and individuals for savings purposes

(2) Traders and manufacturers for business purposes

(3) Individuals for savings purposes

(4) Limited companies and partnerships for savings purposes

(5) Cooperative banks for savings

Question No : 10

As we all know DIPP is the nodal agency in the filed of foreign investments in India.  What is the full form of DIPP?

(1) Department of Industrial Policy and Promotion

(2) Department of Industrial Procedures and Promotions

(3) Directorate of Industrial Procedures and Promotions

(4) Directorate of Industrial Policy and Publicity

(5) None of these

Question No : 11

Which of the following institutions has propagated Self-Help Group (SHG)?

(1) RBI

(2) RRB

(3) NABARD

(4) SIDBI 

(5) IDBI

Question No : 12

RBI has told banks to make additional provisioning for country risk. For which of the following countries this provisioning is applicable?

(1) Countries which are prone to war risk

(2) Countries where banks’ net funded exposure is 2% or more of its total assets

(3) Countries where banks’ net funded exposure is 5% or more of its total assets

(4) Countries on which UN trade embargo has been imposed

(5) None of these

Question No : 13

Which of the following industries is the largest employment provider?

(1) Jute

(2) Textiles

(3) Pharmaceuticals

(4) Power generation

(5) Tourism

Question No : 14

What is the minimum age of a person (in years) to be eligible to get concessions available to senior citizens for traveling in railways?

(1) 60

(2) 62

(3) 65

(4) 70

(5) None of these

Question No : 15

Which of the following is the objective of Sarva Shiksha Abhiyan?

(1) It is an effort in the area of elementary education

(2) It is an effort in the area of providing education to elders

(3) It is an effort to provide education to street children

(4) It is an effort to provide education to children working with factories as child labour

(5) None of these

Question No : 16

The real return to the investor sometimes gets reduced due to sudden rise in the prices of the commodities. This phenomenon in financial market is known as correct

(1) Market risk

(2) Inflation risk

(3) Credit risk

(4) Diversification of funds

(5) None of these

Question No : 17

As per the reports The real return to the investor sometimes gets reduced due to sudden rise in the prices of the commodities. This phenomenon in financial market is known as correct

(1) Market risk

(2) Inflation risk

(3) Credit risk

(4) Diversification of funds

(5) None of these

Question No : 18

in the leading newspapers Securities and Exchange Board of India (SEBI) has asked the Mutual Fund industry to stop “Misselling” their schemes to investors. What is “Misselling” of products?

(A) Misselling takes place when mutual funds are sold without telling the likely returns

(B) When agents sell the products without telling investors what are the risks involved in investing in mutual funds

(C) When agents invest somebody’s money in mutual funds without their knowledge, it is called misselling.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 19

The Sensitive Index of the Mumbai Stock exchange keeps on changing positively and negatively both. Which of the following is/are the main reasons which contribute for his sudden change in the same?

(A) Higher GDP Growth.

(B) Continuous Foreign Funds Flow.

(C) Recession in USA.

(1) Only (A) and (B)

(2) Only (B) and (C)

(3) Only (C) and (D)

(4) Only (B)

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

Question No : 20

As per newspaper reports outsourcing has become a profitable business in India and countries like China are trying to learn about it from India. What are the main factors which has/have helped India in attaining this position?

(A) Availability of skilled manpower in abundance.

(B) Knowledge of English language.

(C) A switch over from farming to other sectors which are creating more job opportunities.

(1) Only (A) 

(2) Only (B)

(3) Both (A) and (B)

(4) Only (C)

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