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banking related general awareness -- september one 2013


1.         In which of the following countries ex-railway minister Liu Zhijun has been sentenced to suspended death with a two-year reprieve for bribery and abuse of power?
            a) Japan                                   b) North Korea                          c) China
            d) Vietnam                                e) None  of these
2.         India has launched IRNSS – 1 A satellite in the space as its first step towards building its own satellite navigation system. Expand the term IRNSS.
            a) Indian Regional Network Satellite system        
            b) Indian Revolving Navigational Satellite system
            c) Indian Regional Navigational Satellite system
            d) Indian Responsive Navigational Satellite system
            e) None of these
3.         Consider the hosting of the following cricket tournaments as announced by the International Cricket Council (ICC) recently:
            1) T20 Cup 2016                      
2) World Test Championship 2021                     
3) Word Cup (50 – over format ) 2023
            India will host which of the above tournaments?
            a) Only (A)                                b) Only (B)                                c) Only (C)
            d) Only (A) and (B)                    e) All (A) , (B) and (C)
4.         Which of the following types of cheques can be endorsed?
            a) Account payee cheques
            b) Bearer Cheques
            c) Cheques payable to order
            d) Cheques with restricted endorsement
            e) None of these
5.         Bank drafts are issued by banks payable to order only and not payable to bearer. What is the reason behind it ?
            a) The restriction imposed by the govt.
            b) As it may be risky
            c) It is done as per the provisions of Section 31 of RBI Act.
            d) It is done as per the directives of Banking Regulatory Act.
            e) None of these
6.         What is the term used for the process in which a bank adjusts a loan from a deposit of the same name and the same capacity in the same bank?
            a) Right to lien                           b) Right to adjustment                 c) Right to set off
            d) Right to appropriation             e) None of these
7.         The project to develop Astra missiles is finally back on track after a long delay caused by technical glitches This is India’s first ___________ missile. 
            a) air – to -air                           b) submarine – launched                        c) UAV – launched
            d) reusable                                e) None of these
8.         Which country gave its nod to the world’s first clinical trial for ‘ induced pluripotent stem’ cells, known as ‘ iPS cells’, which uses stem cells harvested from a patient’s own body recently?
            a) South Korea                          b) UK                                                    c) Japan
            d) US                                        e) None of these
9.         Clayton’s rule, one of the most important legal decisions relating to banking laws, is applicable to which of the following type of loan accounts ?
            a) Term Loan accounts              b) Demand loan accounts                       c) Cash credit accounts
            d) Overdraft accounts                e) Only c) and d)
10.       In case of dishonor of a cheque, what kind of remedy is available to the holder of the cheque under Negotiable Instrument (NI) Act?
            a) The cheque holder can file a complaint with the RBI
            b) The cheque holder can file a complaint with banking ombudsman.
            c) The cheque holder can file a complaint in a normal court.
            d) The cheque holder can file a complaint with metropolitan magistrate or first class judicial
            e) None of these
11.   Who among the following has been appointed as the next foreign secretary of India, replacing Ranjan Mathai?
            a) Anil Goswami                        b) Rajiv Takru                                        c) Sujatha Singh
            d) Ashish Bahuguna                  e)  None of these
12.       What do you mean by “probate ‘ in banking parlance ?
            a) It is a will left by a deceased person
            b) It is a will certified by the court for settlement of the property of the deceased person .
            c) It is a registered will of a decreased person.
            d) It is the last will of person certified by his/her legal heirs.
            e)  None of these
13.       Consider the following with respect to jet- Etihad deal:
1) The UAE – based Etihad Airways had announced to acquire 42 per cent (majority share) stake in india’s largest private – sector airline, Jet Airways.
            2) Valued at Rs. 2,058 cr, it is the largest foreign investment in the Indian aviation sector so far.
3) The govt, objecting the move to shift the headquarters of the airline ot Abu Dhabi, has sought clarification ir domestic and international operations of the airline will remain in Indian laws and jurisdiction.
            Which of the above statements is / are correct?
a)     Only (1)                              b) Only (2)                                            c) Only (3)
d)  Only (1) and (2)                    e) Only (2) and (3)
14.       The name of the ace Indian sportsman Parimarjan Negi is associated with which of the following games? 
            a) Wrestling                              b) Badminton                                         c) Table Tennis
            d) Chess                                  e) None of these
15.       A banker is empowered not to pay the Cheques drawn by a customer who has been sentenced and sent to jail for which of the following ?
            a) Theft                                     b) Criminal liability                                 c) Moral ground            
            d) Insolvency                           e) Both a) and b)
16.       In which of the following conditions, a customer can approach a banking ombudsman?
            1) Non-payment or delay in the payment or collection of cheques , draft and bills etc.,
            2) Non – adherence to prescribed working hours
            3) Internet payments
            a) Only (1)                                b) Only (2)                                            c) Only (3)
            d) Only (1) and (3)                     e) All (1),(2)and (3)
17.       The radical Islamist cleric Abu Qatada has been deported by the UK  to which of the following countries to face terror charges ?
            a) Israel                                    b) Jordan                                             c) US
            d) Spain                                    e) None of these

18.       Examine the following statements with respect  to the ordinance promulgated for the food security bill recently:
1) It provides two-thirds population of the country the right to 5 kg of food grain every month at highly sub sidised rates of ? 1-3 per kg.
2) The beneficiaries will be identified by the states, which will also implement the programme under the Targeted Public Distribution System.
3) When implemented, it will be the biggest such scheme in the world with the Govt., spending estimated at ? 125,000 cr annually.
4) As per the provisions of the new act, pregnant women and lactating mothers will receive maternity benefit of ?6000.
Identify the correct sentences from above.
a) Only(A)and(B)                       b) Only (B) and (C)                    c) Only (C) and (A)       
d) Only (A), (B) and (C)             e) All (A),(B),(C)and(D)
19.       Shriniwas Dadasaheb Patil has been appointed the new governor of which of the following states?
a) Sikkim                                  b) West Bengal                         c) Kerala
      d) Haryana                                            e) None of these
20.       The 'know your customer (KYC)' guidelines have been issued by the RBI under the provisions of which
of the following sections?
a)  Section 35 of the Banking Regulation Act
b)  Section 35-Aofthe RBI Act
c)  Section 35-A of the Banking Regulation Act
d)  Section 35-A of the Prevention of Money Laundering Act
e)  None of these
21.       World's largest steel maker Arcelor Mittal has announced to scrap its USD 12-bn steel plant project in
which of the following Indian states over inordinate delays, problems in acquiring land and securing iron ore
a) Karnataka                             b) Odisha                                 c) Maharashtra
d) Jharkhand                             e) None of these
22.                   Examine the below given facts in the context of govt's decision to form a mountain attack corps along
the Line of Actual Control (LAC) and identify the correct statements:
a)  The new Corps' will be headquartered at Panagarh in West Bengal. ;
b)  Under the new corps, 2,00,000 troops will be trained and deployed along the China border.
c)  The new corps will be raised at the cost of around ?65,000 crore.
d)  All the above
e)  Only a) and c)
23.                   Name the first health insurance company in India that has come up with 'swipe to claim' facility that will provide on-the-spot cashless approval solution to customers?
            a) Max Bupa                              b) L&T Insurance                     c) Star Health
d) ICICI Lombard                      e) None of these
24.       The insurance companies in India do not provide insurance cover for which of the following at present?
a) Illness                                   b) Accident                               c) Retirement
d) Wedding                                           e) None of these
25.                   Consider the following with respect to fresh bank licenses to be issued by the RBI and identify the company which has not applied for a new private bank license.
            a) Aditya Birla Nuvo                   b) LIC Housing Finance                         c) India Post    
            d) Bajaj Finance                        e) Mahindra Finance
26.       A savings account or a current account is treated as inoperative if there is no operation in the account for which of the following periods?
           a) 1 year                                   b) 2 years                                 c) 3 years
      4) 5 years                                 e) None of these

27.       Which of the following statements is/are correct? A fixed deposit is a
a) negotiable instrument
b) quasi-negotiable instrument
c) non-negotiable instrument
d) negotiable but subject to certain conditions
e) None of these
28.       Vikas Gowda bagged the first gold for India in the Asian Athletics Championships in Pune in which of the following games?
a) Discus Throw                      b) Weightlifting                          c) Shot Put
      d) Long Jump                            e) None of these
29.       Who among the following has been sworn in as an interim president in Egypt after the military ousted the incumbent Mohammed Morsi recently?
a) Adly Mahmoud Mansour      b) Gchad El-Haddad                  c) Mahdi Aakef 
d) Mohammed Badie                  e) None of these
30.       What is the maximum amount of compensation that a Banking Ombudsman can allow, for a case referred to it?
a) Rs.1 lakh                               b) Rs.2 1akh                             3) Rs.5 lakh
      4) Rs.10 lakh                            e) None of these
31.       The practice of obtaining photograph for opening a new account with bank compulsorily came into force on the recommendations of which of the following committees?
            a) Ghosh Committee                b) Tarapore Committee              c) Narasimham Committee
            d) Krishnaswami Committee       e) None of these
32.       Which of the following terms is not used in banking/financial parlance?
a) Estrange                              b) Break even                            c) Liquidator
      d) Remittance                            e) Portfolio
33.       Consider the following statements as per the present norms stipulated by the Reserve Bank of India (RBI):
(A)   Banks apply interest on deposits at quarterly or longer intervals.
(B)   Banks apply interest on loans given at monthly intervals.
(c) Banks can accept interest-free deposits in savings bank accounts.
Which of the above statements is/are correct?
a) Only (A)                                            b) Only (B)                                            c) Only (C)
d) Only (A) and (B)                   e) None of these
34.       In a move aimed at discouraging overseas buying amid a drop in local prices due to ample supplies, the govt. has decided to raise the import dutv on sugar from 10 per cent to what per cent?
a)12 per cent                            b) 13 per cent                           c) 14 per cent
d) 15 per cent                          e) None of these
35.       According to figures compiled by The Danker magazine, ICBC has become the biggest bank in the world in terms of balance sheet strength recently. ICBC bank belongs to which of the following countries?
           a) South Korea                          b) China                                   c) Singapore
      d) Brazil                                    e) None of these
36.       MS Raghavan has taken charge as the Chairman and Managing Director of which of the following public sector banks recently?
a) Bank of Baroda                     b) IDBI Bank                             c) Canara Bank
d) Allahabad Bank                     e) None of these
37.       Consider the following with respect to United Nations new Millennium Development Goals (MDG) report 2013 released recently:
(A) Despite widespread poverty in the country, India is on track to meet the goal of poverty reduction by 2015.
(B) The poverty rate in India declined from 49 per cent in 1994 to 33 percent in2010,
(C) The deadline for the MDG which includes targets on poverty, hunger, health, gender equality, education and environmental indicators, is 2020.
Which of the above statements is/are correct?
 a) Only (A)                                            b) Only (B)                                            c) Only (C)
      d) Only (A) and (B)                   e) Only (A) and (C)

38.       Which of the following pairs of institutions and their heads in not correctly matched ?
a) SEBI-UKSinha                      b) LIC-SK Roy                          c)IRDA-TSVijayan      
d)RBI-D Subbarao                     e) None of these
39.       Which of the following sectors of Indian economy is  maximum dependent on economic development in
developed nations?
a) Agriculture Sector                  b) Manufacturing Sector             c) Services Sector      
d) Textile Sector            e) Mining Sector
40.       Which of the following nations is planning to launch satellites to monitor the world's oceans to counter piracy and monitor the movements of ships?
            a)US                                         b) Japan                                   c) China
      d) India                                     e) None of these
41.       The Union Rural Development Ministry approved Rs.4,130 cr for the construction of rural roads in which of the following states recently?
            a) Uttarakhand                           b) Maharashtra                          c) Bihar           
d) Andhra Pradesh                    e) None of these
42.       Who among the following has won the women's singles title at the Wimbledon tennis tournament recently?
a) Marion Bartoli                      b) SabineLisicki                         c) LiNa
d) Serena Williams                    e) None of these
43.       Who won the 2013 German Grand Prix Formula One Championships?
            a) Kimmi Raikkonen                   b) Fernando Alonso                   c) Sebastian Vettel      
            d) Lewis Hamilton                      e) None of these
44.        Which of the following best defines the term 'bancassurance'?
a)  An insured bank deposit exclusively for employees of insurance companies
b)  An insurance scheme to insure bank deposits
c)  A composite financial service offering both bank and insurance products
d)  An insurance scheme meant for bank employees only
e)  None of these
45.        Who among the following is not a member of the National Development Council (NDC)?
a) The President of India
b) The Prime Minister of India
c) The members of the Planning Commission
d) The Chief Ministers of Indian States
e) All the above are members of NDC
46.        As we read in newspapers, the rupee reached a record low (below ?61/$) recently. This unprecedented fall of the Indian currency is likely to impact which of the following?
a) Hike in fuel prices
b) Widening of fiscal deficit
c) Foreign education, travel to cost more
d) Gain to exporters
e) All the above
47.       India's first indigenous aircraft carrier (IAC), which is set to be launched into water soon and is slated to become operational by 2018, will be rechristened as
            a) INS Vikrant                          b) INSViraat                                          c) INS Vikramaditya
            d) INS Veer                               e) None of these
48.       Despite China's opposition, India has moved forward to become a part of Regional Comprehensive Economic Partnership (RCEP) agreement. Aimed at creating one of the most significant free trade blocs in the world, RCEP has been brought-by
a) Shanghai Co-operation Organisation (SCO)
b) Asean+6
c) G8
d) WTO
e) None of these

49.        Who among the following is the author of the book titled The New Religious Intolerance?
a) Martha C Nussbaum            b) Harish Chandola                    c) Christopher Snedden
d) Ajay Navaria                         e) None of these
50.       Shiv Thapa, who won a gold medal in Asian Championships in- Amman recently, is associated with
which of the following games?
a) Weightlifting                          b) Boxing                                 c) Archery
      d) Shooting                                           e) None of these


1.  c)                2.  c)                3.  e)                4.  c)                5.  c)                6.  c)                7.  a)
8.  c)                9.  e)                10.d)                11.c)                12.b)                13.e)         14.d)
15.d)                16.e)                17.b)                18.e)                19.a)                20.c)         21.b)
22.e)                23.b)                24.e)                25.e)                26.b)                27.c)         28.a)
29.a)                30.d)                31.a)                32.a)                33.d)                34.d)         35.b)
36.b)                37.d)                38.e)                39.c)                40.b)                41.c)         42.a)
43.c)                44.c)                45.a)                46.e)                47.a)                48.b)         49.a)

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