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Banking related general awareness 12 2012 2

 General Awareness Set-12 2012 2
(With special reference to banking industry)

1. The first development financial institution in India that got merged with a bank was-
     A. IDBI                                            B. ICICI                                      C. IDFC
     D. UTI                                              E. None of these
2. The portion of total deposits of a commercial bank which has to be kept with itself in the liquid assets is called-
     A. Statutory liquidity ratio                            B. Cash reserve ratio 
     C. Statutory reserve ratio                              D. Cash ratio
     E. None of these
3. In which of the following regions, did the RBI first operationalised the cheque Truncation system?
    A. Delhi-NCR                                                      B. Mumbai- Navi Mumbai
    C. Hyderabad- Secunderabad                          D. Bangalore- Mysore
    E. None of these
4. Which action is taken if one of the customers tenders forged note?
    A. He is sent to prison.
    B. The note is return with the remark forged note.
    C. The note is impounded.
    D. The note is torn.
    E. The note is accepted.
5. Which of the following is not a measure of the profitability of the branch of a bank?
    A. Globel Risk Regulator (GRR)                          B. Expenses ratio
    C. Business per employee                                  D. Net profit employee
    E. None of these.
6. Who is the writer of the book “An Indian Summer”: A personal Experience of India?
    A. James Cameron                 B. N. Ram                   C. ken Auletta
    D. Henrique Capriles             E. None of these
7. Which bank has become the first foreign bank to open a branch is Iserel’s dimond exchange?
     A. Bank of Baroda                B. Union Bank of India                 C. PNB
     D. SBI                                      E. HDFC
8.  Which is the only country after Russia and the United States to have successfully launched (Tiangong) to assemble its own space station by 2020?
    A. India                                 B. China                                              C. Japan
     D. France                                    E. Germany
9. Under the banking Ombudsman scheme, the value of claim should not exceed
    A. Rs 5 lakh                             B. Rs 10 lakh                             C. Rs 15 lakh
    D. Rs 20 lakh                          E. Rs 25 lakh
       10. Which of the following statements is true?
     A. Bank cannot accept demand and time deposits from the public.
     B. Bank can accept only demand deposits from the public.
     C. Bank can accept only time deposits from the public.
     D. Bank can accept both demand and time deposits from the public.
     E. Bank can accept both demand and time deposits only from the government.
11. Interest payable on saving bank accounts is
     A. Not regulated by the RBI
     B. Regulated by the state governments.
     C. Regulated by the Central governments
     D. Regulated by RBI
     E. Regulated by the Finance Minister
12. Which of the following is a correct statement?
      A. State bank of India is the sole authority to issue and manage currency in India.
     B. A nationalized bank is the sole authority to issue and manage currency in India.
     C. A co-operative bank is the sole authority to issue and manage currency in India.
     D. RBI is the sole authority to issue and manage currency in India.
     E. None of these
13. The securitization and reconstruction of financial assets and enforcement of Security Interest Act came into force from-
     A. 21 Aug. 2012                         B. 21 June 2012                   C. 21 July 2012
     D. 21 Dec. 2012                         E. None of these
14. Accounts are allowed to be operated by cheques in respect of
      A. Both saving bank accounts and fixed deposit accounts.
     B. Both saving bank accounts and current accounts.
     C. Both saving bank accounts and loan accounts.
     D. Both saving bank accounts and cash deposit accounts.
     E. Both current accounts and fixed deposit accounts. 
15. The powers of the Board of Directors to borrow from a bank are mentioned in the-
     A. Article of Association                              B. Memorandum of Association
     C. Special Resolution                                    D. All of these
     E. None of these
16. Fixed deposits and recurring deposits are
      A. Repayable after an agreed period               B. Repayable on demand
      C. Not repayable                                                  D. repayable after death of depositors.
      E. Repayable on demand or after an agreed period as per bank’s choice-
17. Financial inclusion means provision of –
      A. Financial services, namely, payments, remittances, saving, loans and insurance at affordable cost to persons not yet given the same.
      B. Ration at affordable cost to persons not yet given the same.  
      C. House at affordable cost to persons not yet given the same.     
      D. Food at affordable cost to persons not yet given the same.
      E. Education at affordable cost to persons not yet given the same.
18. Which of the following states became the first state in the country to launch RBI’s e-payment system for commercial taxpayers?
    A. Andhra Pradesh                        B. Kerala                               C. Gujarat
    D. Maharashtra                             E. Karnataka
19. When a bank returns a cheque unpaid, it is called-
      A. payment of the cheque                              B. Drawing of the cheque
      C. Cancelling of the cheque                            D. Dishonour of the cheque
      E. Taking of the cheque 
20. Mortgage is a
       A. Security on movable property for a loan given by a bank.
       B. Security on immovable property for a loan given by a bank.
       C. Concession on immovable property for a loan given by a bank.
       D. Facility on immovable property for a loan given by a bank.
       E. Security on immovable property for a deposit received by a bank.
21. At what frequency can banks pay interest on saving bank account as per the RBI guidelines?
      A. Monthly                            B. Quarterly                                      C. half-Yearly
     D. yearly                                  E. None of these
22. The upper limit prescribed for RTGS transaction is
      A. Rs 1 lakh                                   B. Rs 2 lakh                     C. Rs 5 lakh
      D. 50 lakh                                      E. None of these
23. Vijay Kelkar committee had suggested the government to sell part of its shares in SUUTI meet its Rs 30,000 crore disinvestment target, SUUTI stand for-
     A. Special Undertaking of Unit Trust of India
     B. Specified Undertaking of Unit Trust of India
      C. Significant Undertaking of Unit Trust of India
      D. Specified Unit Undertaking Transfer Initiative
      E. None of these
24. A centralized database with online connectivity to branches, Internet as well as ATM network which has been adopted by almost all the major banks of our country ia known as-
      A. Investment banking                               B. Core banking
      C. Mobile banking                                       D. National banking
      E. None of these
25. The largest shareholder (in % shareholdering) of a nationalized bank is-
      A. RBI                                  B. NABARD                                  C. LIC
      D. Govt. of India                E. IBA
26. The Union cabinet has nod to raise FDI in insurance sector to 49%, which was till date restricted to-
      A. 74%                     B. 40%                                 C. 25%
      D. 26%                     E. 100%
27. The govt. has approved the 12 th five year plan document in which allocation for health has increased by 335% with a target of achieving a total public spending of 1.85% of the GDP. The allocated amount is-
     A. Rs 3,00,018 crore                      B. Rs 2.00518 crore           C. Rs 1,17,707 crore                                                                                                                                  
     D. Rs 2,15,113 crore                      E. None of these
28. Recently Turkey’s parliament approved a bill authorizing military operation against Syrian shelling on Turkish territory. Name the present Turkish prime minister who led this process-
     A. Recep Tyyip Erdogen               B. Reza Rahimiin           C. Abdullah Gut 
     D. Bulent Ecevit                             E. None of these
29. NBFCs (Non Banking Financial Corporations ) which have foreign holding of more than 75% and up to 1000% are now allowed to open any number of subsidiaries. What is the minimum paid-up capital required for NBFCs to avail the above facility-
      A. $100 million                            B. $50 million                  C. $75 million
      D. $125 million                            E. None of these
30. Oil India and Indian Oil Corporation (IOC) are set to complete acquisition of 30% stake in carizo oil and natural gas Niobrara shale asset for $52.5 million, making their foray into-
     A. Australian market                    B. Vietnamese market               C. US market
     D. European market                     E. none of these
31. Name the Venezuelan company with which Reliance Industries Limited has recently signed a 15-year heavy crude oil supply deal-
   A. Salamander Energy         B. Petroleos de Venezuela          C. Naphtha Industrija Srbije
   D. Compania Espanola de petroleos             E. None of these
32. Future Venture and Elephant Capital-Backed Amar Chitra katha, which is a household name telling folk, historical and heritage tales on the comic format, is all set to release its first 3D animation movie titled-
     A. Naache Din-DinBal Ganesh                                  B. Bal Pandavas
     C. God of Indian Mythology                         D. Sons of Ram – Heroes will rise
     E. None of these
33. Who has taken charge as the chairperson and managing director of Allahabad bank with effect from October 1?
     A. Shubhalakshmi Panse                                B. JP Dua               C. keki M Mistry
     D. Srinivasa Ranganhas                                  E. Renu Sud Karnad
34. Banks and financial Institutions, which have cumulative Non-Performing assets (NPAs) worth Rs 1.25 lakh crore as on March 2012, are seeking help from dedicated portals for resolving the issue. One such portal is Name the group floated portal last year.
    A. CRISIL Ltd.                            B. Atishya Group                   C. Onicra
    D. ICRA                                      E. CARE
35. Name India’s heaviest (3.4 tonne) communication satellite till date which was placed in the geo-synchronous orbit about 36,000 km above the earth. This and final orbit-raising manoeuvre-
     A. GSAT-10                               B. GSAT-8                               C. GSAT-12
     D. GSAT-7                                 E.  GSAT-6
36. Which of the following refers to bank rate?
     A. The rate at which a bank lends to its prime borrowers.
     B. The maximum rate for deposit which a bank can pay.
     C. The rate at which banks rediscount bills with the RBI.
     D. The rate at which the RBI lends to banks for a short-term period.
     E. The rate of Interest charged by the RBI on Interbank transactions.
37. RBI’s monetary policy is not targeted to-
     A. Stengthen economic growth
     B. Make the credit flow in desired direction.
     C. Bring the Inflationary pressure under control.
     D. Ensure social justice
     E. None of these
38. Open market operations of RBI refers to-
     A. Selling of shares in open market.            B. Auctioning the foreign exchange
     C. Trading in securities                                   D. Trading in gold
     E. Allowing banks to borrow directly from open market
39. What population on an average does a bank branch serve at present?
    A. 8500                                    B. 10800                               C. 12900
    D. 25200                                 E. None of these
40. Which of the following is often referred to as “paper Gold”?
     A. US Dollar                      B. Petrodollar                 C. GDR
     D. SDR                               E. None of these
41. Name the country in which a draft budget presented to the parliament forecasts a sixth straight years of recession in 2013 with a 3.8% contraction and a public deficit of 4.2% of GDP.
    A. Greece                               B. Ireland                         C. Spain
    D. Portugal                             E. None of these
42. Name the BJP Leader who filed a criminal defamation case against senior congress leader Digvijay Singh in a Delhi court on Oct 1 for accusing him of having business links with BJP MP Ajay Sancheti, who allegedly made Rs 500 cr. in coal block allocation.
     A. Arun Jaitly                        B. Nitin Gadkari                  C. Rajiv Pratap Rudy
     D. VK Malhotra                    E. None of these
43. Name the scheme launched by the J & K Govt. for school drop-outs with the intent of making youths with no college education employable-
   A. Hidayat                             B. Himayat                         C. Riyayat
   D. Hamdard                          E. None of these
44. Name the Union Minister, who triggered a controversy on Oct. 2, saying wives lose charm over time.
     A. Digvijay Singh                B. Sriprakash Jaiswal                  C. kapil Sibel
     D. Mukal Roy                      E. None of these
45. The Indian Air Force which turns 80 on Oct. 8 will get brand new heavy duty helicopters. these heavy duty helicopters are-
   A. Apache                     B. Mi-28 Havoc                          C. CH-47 Chinooks
   D. MI-26                        E. MI-17V-5
46. Name the Georgian president who conceded defeat in the parliamentary election.
      A. Mikhail Saakashvilli                           B. Bidzina Ivanishvilli
     C. GP Perterson                                        D. Mark Becker
     E. None of these
47. Name the head of the committee constituted by the PM on funding of infrastructure sector, the requirement of which has been estimated at close to $1 during the 12 th plan period.
    A. Deepak Parekh Committee              B. Justice Srikrishna Commission
    C. C Rangarajan Commission                E. Kelkar Committee
    E. None of these
48. Which of the following statements is not true about RBI?
     A. It is the central bank of India.          B. Issues monetary and credit policy
     C. Issues fiscal policy                              D. Banker’s bank
     E. None of these
49. Which of the following is not a commercial bank?
     A. SBI                         B. IDBI bank                            C. HDFC bank
     D. Axis bank              E. NABARD
50. Which of the following is the not a financial term?
     A. Fiscal Deficit                     B. Budget Deficit                          C. Revenue Deficit
     D. Trust Deficit                      E. Primary Deficit

Answers Key:-   ga 12 2012 2

1. B         2.A                 3.A                 4.C                  5.C                  6. A                 7 D                  8.B
 9. B               10.D                11.D                12.D                13. B               14.B               15.B                16.A
 17. A             18. E                19.D                20.B                21.C                22 B                23.B                  24.B
 25. D             26.D                27. A               28.A                29.B                30.C                31.B                32.D
 33. A             34.B               35.A                 36.D                 37.D                38.C               39.C                40. D
  41. A                        42.B               43.B                44.B                 45.A                 46.A              47.A                  48. C
    49. E            50. E

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