Question No : 1

Which of the following became India’s first bank to facilitate payment of income tax using ATMs in 2011?

(1) State Bank of India

(2) Punjab National Bank

(3) Canara Bank

(4) Union Bank of India

(5) None of these

Question No : 2

Many times we read in newspapers about the “Doha Round” of talks. It was related with the talks of which of the following organizations?

(1) European Union

(2) International Atomic Energy Agencies

(3) G-8 talks

(4) World Trade Organization

(5) None of these

Question No : 3

Green Accounting of National Accounts relates to ____

(1) More of agriculture

(2) More of permissible subsides 

(3) More of horticulture

(4) More care for environment

(5) None of these

Question No : 4

Which of the following taxes collected by the Government on sale of goods and services in the country?

(1) NAT

(2) GET

(3) SAT

(4) VAT

(5) None of these

Question No : 5

Many a time we read a term “PPP” in financial newspapers. What is the full form of the same as used in financial world?

(1) Public Per Capita Power

(2) Per Capita Potential Purchases

(3) Purchasing Power Parity

(4) Present Purchasing Power

(5) None of these

Question No : 6

A Grameen Bank in India normally gets directions from which of the following organizations for its routines functioning?

(1) EXIM Bank

(2) ECGC

(3) SEBI

(4) NABARD

(5) SIDBI

Question No : 7

Soft currency means whose ___

(1) Supply is less than its demand in the international market

(2) Supply is more than its demand in the international market

(3) Supply and demand both are less in international market

(4) Demand tends to increase in the international market

(5) None of these

Question No : 8

Which of the following is a major public sector Bank?

(1) Karnataka Bank

(2) ICICI Bank

(3) AXIS Bank

(4) Yes Bank

(5) Corporation Bank

Question No : 9

Santosh Trophy is associated with the game of _____

(1) Cricket

(2) Football

(3) Hockey

(4) Tennis

(5) Golf

Question No : 10

Who among the following was a famous Scientist and is known as the ‘Father of India’s Nuclear Programme’?

(1) Dr. Homi J. Bhabha

(2) Dr. Satyendra Nath Bose

(3) Dr. Vikram Sarabhai

(4) Dr. Satish Dhawan

(5) Dr. C. V. Raman

Question No : 11

Uranium is used for the generation of/production of___

(1) Power

(2) Cement

(3) Iron and Steel

(4) Paper

(5) None of these

Question No : 12

One of the major emphasis of Basel II is that banks should have:

(1) Adequate Capital adequacy ratio

(2) Only few branches in Metro centers

(3) More and more branches in Rural areas should be opened

(4) Core banking mode of operations

(5) All the above

Question No : 13

Amendments in which of the following bills presented in the Parliament will bring some changes in existing tax regime?

(1) Direct Taxes Code (DTC) Bill

(2) Foreign Exchange Management Regulatory Bill

(3) Companies Act Bill

(4) Salaries and Perks for MPs Bill

(5) Finance Bill 2010-11

Question No : 14

Which organisation is being given the status of Micro finance Regulating Authority as per the bill introduced in the parliament?

(1) SIDBI

(2) IDBI

(3) NABARD

(4) RBI

(5) SBI

Question No : 15

When is Income tax required to be deducted by the banks at source on interest accrued and paid by them on the fixed deposits? When the _____

(1) amount of interest accrued/payable is more than L5000 p.a.

(2) amount of interest accrued/payable is more than L10000 p.a.

(3) interest is more than 20,000 p.a.

(4) customer is not valuable to the bank

(5) None of these

Question No : 16

The total value of goods and services produced in a country during a given period is ___

(1) Disposable

(2) National Income

(3) Per capita income

(4) Net national Income

(5) None of these

Question No : 17

‘Richter Scale’ is used to measure which of the following?

(1) Intensity of Tsunami Waves

(2) Intensity of Earthquake

(3) Density of salt in Sea Water

(4) Flow of electric current

(5) None of these

Question No : 18

For revival and restructure of weak banks of public sector, which committee was constituted?

(1) Verma Committee

(2) Goiporia Committee

(3) Rekhi Committee

(4) Narsimham Committee

(5) None of these

Question No : 19

Which of the following is NOT a foreign bank operating in India?

(1) ABN Amro

(2) HSBC

(3) Yes Bank

(4) Standard Chartered Bank

(5) All these are foreign banks

Question No : 20

Which of the following aptly defines the term Financial-literacy?

(A) How to use credit responsibly.

(B) How to manage money. 

(C) How to minimize financial risks.

(D) How to derive long term benefits from savings.

(1) Only (A)

(2) Only (B) and (C)

(3) Only (C) and (D)

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

(5) None of these