Direction (Qs.1-20): Read the following questions carefully and choose your answer from the given five options.
Question No : 1
What is the full form of the name ‘ILO’ an agency of the United Nations?
(1) Indian Labour Organisation
(2) International Labour Organisation
(3) Indian Lawyer’s Organisation
(4) International Legal Organisation
(5) None of these
Question No : 2
Mobile banking requires____.
(1) account with a bank with mobile phone linked to inter-bank mobile payment service
(2) account with mobile post office
(3) account with bank along with mobile phone linked to international mobile payment service
(4) account with bank and mobile phone linked to interstate mobile payment service
(5) account with bank along with mobile phone linked to inter-district mobile payment service
Question No : 3
Who among the following is known as the ‘Father of Green Revolution’ in India?
(1) Dr. M. S. Swaminathan
(2) DR. Amratya Sen
(3) Dr. Jurien Vergheese
(4) Dr. Raja Ramanna
(5) Dr. Homi Bhabha
Question No : 4
‘Sub Prime Lending’ which was the root cause for global meltdown in banks during 2008 means:
(1) Bank finance for non-productive activities
(2) Bank finance not properly disclosed in its Balance Sheet
(3) Bank finance in violation to the directives of the Central Bank
(4) Bank finance to fictitious entities
(5) Bank finance who do not qualify for the best market interest rates
Question No : 5
If a crossed cheques is presented for payment _____
(1) Cash can be paid across the counter to the presenter
(2) Cash can be paid across the counter to the account holder only
(3) It can be paid only through a banker
(4) It cannot be paid at all
(5) It can be paid across the counter in another bank
Question No : 6
Which of the following is the overall Literacy Rate of India (Census 2011) (Approximately)?
(1) 68%
(2) 70%
(3) 74%
(4) 78%
(5) 82%
Question No : 7
In India the interest rate on savings bank accounts in all nationalized commercial banks is fixed by
(1) Union Ministry of Finance
(2) Union Finance Commission
(3) Indian Banks Association
(4) Reserve Bank of India
(5) them selves
Question No : 8
What is Repo Rate?
(1) It is rate at which RBI sells government securities to banks
(2) It is a rate at which RBI allows small loans in the market
(3) It is a rate at which banks borrow rupees from Reserve Bank of India
(4) It is a rate which is offered by Banks to their most valued customers or prime customers
(5) None of these
Question No : 9
‘Gresham’s law’ in economics relates to
(1) Supply and demand
(2) Circulation of currency
(3) Consumption of supply
(4) Distribution of goods and services
(5) Free economy
Question No : 10
When a customer draws a cheques on a bank
(1) it is a mandate on that bank to pay
(2) it is a mandate on the Government of India to pay.
(3) it is a mandate on the State Government to pay
(4) it is a mandate on the RBI to pay
(5) it is a mandate on the Finance Ministry to pay.
Question No : 11
Polio is caused by a ____
(1) Fungus
(2) Bacteria
(3) Virus
(4) Either (1) or (2)
(5) None of these
Question No : 12
Banks cannot use the services of the following persons as Business Facilitator/Business Correspondent:
(1) Village Sarpanchs
(2) Retired Government Officials
(3) Insurance Agents
(4) Ex-servicemen
(5) None of these
Question No : 13
Which of the following is NOT a metal?
(1) Gold
(2) Silver
(3) Zinc
(4) Copper
(5) Sulphur
Question No : 14
Which is the name of a country?
(1) Lira
(2) Euro
(3) Peso
(4) Botswana
(5) Londo
Question No : 15
Which of the following terms is used in the field of Physics?
(1) Quarrying
(2) Herbal
(3) Halite
(4) Radiation
(5) Fern
Question No : 16
Which of the following is known as cross selling by Banks?
(A) Sale of a debit card to a credit card holder.
(B) Sale of Insurance policy to a depositor
(C) Issuance of Cash against Cheque presented by a third party.
(1) Only (A)
(2) Only (B)
(3) Only (C)
(4) Both (A) and (C)
(5) All (A), (B) and (C)
Question No : 17
Which of the following terms is used in the field of Banking/Finance?
(1) Reflex Action
(2) RH Factor
(3) Active Asset
(4) Amendment
(5) Statement of Fact
Question No : 18
Which of the following is the period of the 12th Five Year Plan of India?
(1) 2011-16
(2) 2010-15
(3) 2012-17
(4) 2013-18
(5) 2009-14
Question No : 19
Interest on savings bank account is now calculated by banks on
(1) daily product basis
(2) minimum balance during the month
(3) minimum balance from 7th to last day of the month
(4) minimum balance from 10th to last day of the month
(5) maximum balance during the month
Question No : 20
What does the letter ‘R’ denote in the term ‘RTGS’ as used in the field of banking?
(1) Real
(2) Reasonable
(3) Rotation
(4) Rate
(5) Repo