Question No : 1

Which of the following schemes has NOT been launched to provide any type of employment to beneficiaries?

(1) Pradhan Mantri Gram Sadak Yojana

(2) Mid Day Meal Scheme

(3) National Food for Work Programme

(4) Sampoorna Grameen Rozgar Yojana

(5) All are employment-generating schemes

Question No : 2

The beneficiaries of which of the following schemes are now covered under “Janshree Bima Yojana”?

(1) NREGA

(2) Sampoorna Grameen Rozgar Yojana

(3) Old Age Pension Scheme

(4) Swarna Jayanti Gram Rozgar Yojana

(5) All the above

Question No : 3

National Judicial Council is headed by whom amongst the following?

(1) Chief Justice of India

(2) Union Law Minister

(3) Vice-President of India

(4) Speaker of the Lok Sabha

(5) President of India

Question No : 4

One of the sources of income of banks is to charge fee for certain services.  What are some of the services provided by the banks for which they charge fee?

(A) Issuing Demand Drafts/Pay Orders.

(B) Issue of ATM/Credit/Debit Cards.

(C) Electronic Transfer of Money.

(1) Only (A)

(2) Only (B) 

(3) Only (C)

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

(5) None of these

Question No : 5

The set of directive principles issued by the Central Bank of a country or the process adopted by it to control the supply of money, availability of money, cost of money and rate of interest, etc. in order to bring stability and growth of the economy are commonly known as ______

(1) Budget of the Government 

(2) Monetary policy of the Central Bank of the country

(3) Profit and Loss Account

(4) Business Policy of the Bank

(5) None of these

Question No : 6

One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?

(1) Know Your Customer Norms

(2) Narcotics and Psychotropic Substance Act

(3) Negotiable Instrument Act

(4) Banking Regulation Act 

(5) None of these

Question No : 7

Lot of Banks in India these days offering M-Banking Facility to their customers. What is the full form of ‘M’ in ‘M-Banking’?

(1) Money

(2) Marginal

(3) Message 

(4) Mutual Fund

(5) Mobile Phone

Question No : 8

Which of the following is/are true about the “Sub-Prime Crisis”?(The term was very much in news recently)

(A) It is a mortgage crisis referring to Credit default by the borrowers.

(B) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.

(C) This crisis originated because of negligence in credit rating of the borrowers.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these

Question No : 9

Which of the following is NOT the part of the structure of the Financial System in India?

(1) Industrial Finance

(2) Agricultural Finance

(3) Government Finance

(4) Development Finance

(5) Personal Finance

Question No : 10

As we all know Govt. of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Govt.?

(a) Tax on Income

(b) Tax on Expenditure

(c) Tax on Property or Capital Asset

(d) Tax on Goods and Services

(1) Both (A) and (C) only

(2) Both (B) and (D) only

(3) Both (C) and (D)

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

(5) None of these

Question No : 11

We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives?

(A) To attract foreign investment directly.

(B) To protect domestic market from direct competition from multinationals.

(C) To provide more capital to agricultural and allied activities.

(1) Only (A)

(2) Only (B)

(3) Only (C)

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

(5) None of these 

Question No : 12

Which of the following diseases is caused by the deficiency of iron in human body?

(1) Anemia

(2) Scurvy

(3) Dermatosis

(4) Beri-Beri

(5) None of these

Question No : 13

Which of the following terms used in the field of economics?

(1) Adiabatic

(2) Bohr Theory

(3) Plasma

(4) Barter System

(5) Viscosity

Question No : 14

Which of the following is represented by the letter ‘L’ in the abbreviation CAMELS, the rating system used in financial world?

(1) Loans

(2) Leadership 

(3) Liabilities

(4) Liquidity

(5) None of these

Question No : 15

RBI’s open market operation transactions are carried out with a view to regulate___

(1) Liquidity in the economy

(2) Prices of essenties commodities

(3) Inflation

(4) Borrowing power of the banks

(5) All of above

Question No : 16

When more than one banks are allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as___

(1) Participation

(2) Consortium

(3) Syndication

(4) Multiple banking

(5) None of these

Question No : 17

Many times we read about Foreign Investment in the country for various project schemes.  Why should government promote the ideas of Foreign Direct Investment particularly when it can provide funds from its own resources?

(A) It is a supplement to domestic investments and is preferred to bridge the investment-savings gap.

(B) Foreign Direct Investment helps in providing better and advanced technology which is sometimes not available domestically.

(C) It generates new employment opportunities.

(1) Only (A) 

(2) Only (B)

(3) Only (C)

(4) Both (A) and (B)

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

Question No : 18

As we read these days, many world economies are passing through recession at present.  When can an economy be called “in recession”?

(A) When a decline occurs in almost all major economic activities

(B) When the inflation reaches at a very high rate or becomes double digit inflation

(C) When big financial scams and frauds start taking place.

(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 true about the “Village Grain Bank Scheme”?

(A) The Scheme was launched to provide safeguards against starvation during the period of natural calamities or lean season.

(B) The grain banks are set up in food scarce areas like drought prone areas, hot and cold desert areas, tribal areas and inaccessible hilly areas.

(C) Villages Panchayat who were running village grain banks earlier are now not authorized to run the same. Instead the authority is now given to NGOs and SHGs in the village.

(1) Only (A)

(2) Only (B)

(3) Only (C)

(4) Only (A) and (B) 

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

Question No : 20

Non convertible debentures are_____

(1) Debt instruments which acquire equity status at the issuers’ option

(2) Debt instruments which acquire equity status at the investors’ option.

(3) Debt instruments which acquire equity status with the permission of Registrar of companies

(4) Debt instruments which acquire equity status on maturity.

(5) Debt instruments which retain their debt character and cannot acquire equity status