GENERAL AWARENESS (WITH SPECIAL REFERENCE TO BANKING INDUSTRY)
GENERAL
AWARENESS
(WITH
SPECIAL REFERENCE TO BANKING INDUSTRY)
1. ‘London
Look Challenge’ is related to which among the following Olympic sports?
1) Cycling
2) Boxing 3) Wrestling 4) Shooting
5) Long jump
2. There
are mainly three pillars of BASEL-III guidelines minimum capital requirement,
supervisory review process and which is the third one?
1) Capital
adequacy 2) Market discipline 3) Financial
inspection 4) Depository ratio
5)
Capital risks
3. Which
of the following statement(s) is/are true?
A) Bancassurance
refers to banks selling the insurance products.
B) Insurance
companies get the benefit because they can have distribution relationship with
multiple insurers.
C) Both
the bank and insurance company share the commission.
1) Only
A 2) Only B 3) Only C
4) Both A and B 5)
All of the above
4. Which
of the following is not a function of RBI?
1) Formulates,
implements and monitors the monetary policy
2) Maintaining
price stability and ensuring adequate flow of credit to productive sectors
3) Manages
the foreign exchange management Act, 1999
4) Manages the scholarships of students going
abroad for studies
5)
Maintains banking accounts of all scheduled banks
5. Which
of the following statement(s) is/are true?
A) Reserve
Bank has launched a website explaining ways to detect counterfeit notes
B) The
tagline of this website is ‘Pehchano Paise ki Boli, Kyonki Paise Bolta Hai’.
C) It
gives visual presentation with pointers on currency notes.
1) Only
A 2) Only B
3) Only C 4) Both A and B 5)
All of the above
6. The
case of doing business index is an index created by the :
1) International
Monetary Fund 2) World Bank 3) World
Trade Organization
4) Organization
for Economic Co-operation and Development
5)
International Finance Corporation
7. Akash
is a …….. missile.
1) surface-to-air 2) air-to-air 3) surface-to-surface 4) air-to-surface 5) None of the above
8. Which
of the following terms is not used in banking?
1) Net
demand and time liability 2) Polygamy 3) CRR
4) Mortgage 5) None of the above
9. When
is World Theatre Day celebrated?
1) 8th
June 2) 27th March 3)
21st March 4) 3rd
December 5) 5th June
10. What
is the currency of Indonesia?
1) Dollar 2) Rupiah 3) Lira
4) Rupee 5) None of these
11. When
was RBI established?
1) 1945 2) 1935 3) 1965
4) 1934 5) 1969
12. Which
of the following statement(s) is/are true about ‘Indian Depository Receipt’?
A) A
deposit account with any of the depositories in India.
B) A
deposit account with a public sector bank.
C) An
instrument in the form of depository receipt created by an Indian depository
against underlying equity shares of the issuing company.
1) Only C 2) Both A and B 3) Both B and C 4) All of the above 5) None of the above
13. ……..
is an apex banking institution.
1) NABARD 2) State Bank of India 3) Industrial Development Bank of India 4) Exim Bank
5) All of the above
14. Fiscal
policy is formulated by :
1) SEBI 2) Ministry of Finance 3) RBI 4) Planning Commission 5) None of the above
15. Where
is the headquarters of UNESCO located?
1) Switzerland 2) Italy
3) Paris 4) France 5) None of the above
16. Who
has set-up an expert committee to review and rework the controversial General
Anti-Avoidance Rules (GAAR) tax-provisions?
1) Sharad
Pawar 2) Parthasarathi Shome 3) Pranab Mukharjee 4) Manmohan
Singh
5) None
of the above
17. “Powered
by Intellect, Driven by Values” is the tag line of which company?
1) HCL 2) Infosys 3) Wipro Technologies 4) IBM
5) None of the above
18. Which
of the following is the component of SJSRY?
1) Urban
Woman Self-help Programme (UWSP)
2) Urban
Self Employment Programme (USEP)
3) Urban
Wage Employment Programme (UWEP)
4) Urban
Community Development Prgoramme (UCDP)
5) All of the above
19. Which
of the following organizations launched the World Day Against Child Labour?
1) ILO 2) WTO 3) LPM
4) UNICEF 5) None of these
20. Minsk
is the capital of which country?
1) Brazil 2) France
3) Belarus 4) Austria 5) Azerbaijan
21. Liquidity
of a more enduring nature arising from large capital flows is absorbed through
sale of :
1) Short-dated
government securities 2) sales of
government bonds 3) treasury bills
4) Both (1) and (3) 5) None of the above
22. What
is the currency of Argentina?
1) EURO 2) Peso 3) Dram
4) Lek 5) None of these
23. Luanda
is the capital of which country?
1) Austria 2) Armenia
3) Angola 4) Belarus 5) None of these
24. When
is the ‘World Health Day’ celebrated?
1) 8th
March 2) 29th February 3) 28th February 4) 7th
April 5) None of the above
25. In
which year, the priority sector lending targets were introduced?
1) 1969 2) 1985
3) 1974 4) 1975
5) None of these
26. Which
among the following is not the indirect instrument in the formulation and
implementation of monetary policy?
1) Liquidity
adjustment facility 2) Repo/Reserve
Repo Rate
3) Open
Market Operation (OMO) 4) Statutory Liquidity Ratio (SLR) 5) None of the above
27. What
is the rate called at which the Reserve Bank is ready to buy or rediscount
bills of exchange or other commercial papers?
1) Bank rate
2) Base rate
3) BPLR 4) Repo rate 5) None of these
28. Review
of macroeconomic and monetary development is the detailed back ground report,
released by :
1) World
Bak 2) RBI 3) Asian Development
Bank 4) International Monetary Fund
5) None
of the above
29. What
is the period of maturity of the financial assets in which money market deals?
1) 60
days 2) 1 year 3) 90 days 4) One and half year 5) None of the above
30. What
is trade bill?
1) Trade
bill is an instrument, which enables the drawee of the bill to get
2) Trade bill is an instrument, which enables the
drawer of the bill to get funds for short period to meet the working capital
needs
3) Trade
bill is an instrument of exchange which RBI issues for selling its securities
4) Trade
bill is a bill which the government sells in the open market to increase its
reserves
5) None
of the above
31. Khandelwal
committee is associated with :
1) Banking
2) Insurance
3) Budget 4) Hospitality 5) None of these
32. What
is the allowed limit of FDI in private banking sector of India through
automatic route?
1) 50% 2) 49% 3) 51%
4) 55% 5) None of these
33. The
strategic forces commend successfully test-fixed the – Prithvi-II missile from
Chandipur in Odisha’s Balasore District.
1) Surface-to-air 2) Air-to-air 3) Air-to-surface 4) Surface-to-surface
5) None of the above
34. Which
of the following statement(s) is/are true about willful default?
1) The
willful default party diverts the finance away from the purpose it was availed
for
2) The
party defaults in meeting its payment obligations even if it has capacity to
repay
3) It means that a party does not make a
payment out of its will 4) All
of the above
5) None
of the above
35. Which
of the following is not categorized as a NPA?
1) Risk assets
2) Substandard assets 3) Doubtful assets 4) Loss assets 5) None of the above
36. What
is the Central Bank of Britain called?
1) Bank
of Britain 2) Bank of London 3) Bank
of England 4) Bank of United
Kingdom
5) None
of the above
37. Which
is not the function of RBI?
1) Maintain
foreign exchange reserves 2) Control of
money supply and credit
3) Control of capital market 4) It maintains and operates government
deposits
5) None
of the above
38. The
cleaning of cheque on the basis of electronic cheque is also called :
1) Cheque
cleaning 2) Electronic cheque 3) Cheque
truncation 4) Cheque tranche
5) None
of these
39. On
the recommendations of which committee NABARD prepared the modal scheme of
Kisan Credit Card?
1) R.V. Gupta Committee 2) Srinivasan Committee 3) B. Sevaraman Committee
4) Kamath
Committee 5) None of the above
40. Why
the instrument of money market are liquid and can be converted to cash easily?
1) These
are regulated by RBI 2) Due to short maturity 3) Due to long maturity
4) Both
(1) and (3) 5) None of the above
EXPLANATIONS
1.(1) This
programme has been created to reward medical winning performances by Americans
cyclists in London.
2.(2) Market Discipline; Basel-III
strengthens bank capital requirements and introduces new regulatory
requirements on bank liquidity and bank leverage. The Basel Committee on
Banking Supervision published the first version of Basel-III in late 2009, giving
banks approximately three years to satisfy all requirements. Largely in
response to the credit crisis, banks are required to maintain proper leverage
ratios and meet certain capital requirements.
3.(5) 4.(4)
5.(5) The
website is : www.paisaboltahai. rbi.org.in
6.(2) World Bank : The World Bank is a United
Nations international financial institution that provides loans to developing
countries for capital programs. The World Bank is a component of the World Bank
Group, and a member of the United Nations Development Group.
7.(1) Akash is a
surface-to-air missile.
8.(2) Polygamy
is a term of sociology.
9.(2) For others :
8th June - World Ocean Day
21 March - World Poetry Day
3rd December - World
Disabilities Day
5th June - World Environment Day
10.(2) The
currency of Indonesia is Rupiah.
11.(2) RBI was
established in the year 1935. The Reserve Bank of India is India’s Central
Banking Institution, which controls the Monetary Policy of the Indian Rupee. It
commenced its operations on 1st April. 1935 during the British Rule
in accordance with the provisions of the Reserve Bank of India Act, 1934.
12.(1) An Indian
Depository Receipt (IDR) is a financial instrument denominated in Indian Rupees
in the form of a depository receipt created by a Domestic Depository (custodian
of securities registered with the Securities and Exchange Board of India)
against the underlying equity of issuing company to enable foreign companies.
13.(5) NABARD,
SBI, IDBI and Exim Bank all are apex banking institutions.
14.(3) RBI
formulates the fiscal policy. Fiscal policy is the means by which a government
adjusts its spending levels and tax rates to monitor and influence a nation’s
economy. It is the sister strategy to monetary policy through which a central
bank influences a nation’s money supply.
15.(3) The
headquarters of UNESCO is in Paris.
16.(4) In Indian
law, GAAR is an acronym for General Anti-Avoidance Rules which are farmed to
minimize tax avoidance. GAAR could be termed as a general set of rules enacted to
limit tax avoidance. It was proposed by the Union Budget 2012-13.
17.(2) The
taglien of Infosys is “Powered by Intellect, Driven by Values”.
18.(5) Swarna
Jayanti Shahari Rozgar Yojana (SJSRY) in India is a centrally sponsored scheme
which came into effect on 1 December, 1997. The scheme strives to provide
gainful employment to the urban unemployed and underemployed poor, through
encouraging the setting up of self-employment ventures by the urban poor living
below the poverty line.
19.(1) International Labour Organization (ILO) :
The World Day against Child Labour was launched by the International Labour
Organization (ILO) in 2002.
20.(3) Minsk is
the capital of Belarus.
For others :
Country Capital
Brazil - Brasilia
France - Paris
Austria - Vienna
Azerbaijan - Baku
21.(4) Liquidity
of a more enduring nature arising from large capital flow is absorbed through
sale of short dated government securities and treasury, bills.
22.(2) The
currency of Argentina is Peso.
23.(3) For others :
Country Capital
Austria - Vienna
Armenia - Yerevan
24.(4) 7th April - World
Health Day
8th March - International
Women’s Day
28th February - UNESCO
25.(3)
26.(4) Statutory Liquidity Ratio (SLR) :
Statutory liquidity ratio is the direct instrument in the formulation of
monetary policy. Monetary policy is one of the ways that the U.S. government
attempts to control the economy. If the money supply grows too fast, the rate
of inflation will increase; if the growth of the money supply is slowed too
much, then economic growth may also slow.
27.(1) Bank Rate : Bank rate, also referred to
as the discount rate, is the rate of interest which a central bank charges on
loans and advances to a commercial bank.
28.(2) The
Reserve Bank of India is India’s Central Banking Institution, which controls
the Monetary Policy of the Indian Rupee. It commenced its operations on 1
April, 1935 during the British Rule in accordance with the provisions of the
Reserve Bank of India Act, 1934.
29.(2) The money
market for a short term fund, which deals in financial assets whose period of
maturity is up to one year.
30.(2) When
trade bills are accepted by commercial banks, they are known as commercial
bank. A non-interest bearing written order used primarily in international
trade that binds one party to pay a fixed sum of money to another party at a
predetermined future date.
31.(1)
Khandelwal Committee is associated with banking.
32.(2) FDI in
private sector Bank of India is allowed up to 74% where FDI up to 49% is
allowed through automatic and FDI beyond 49% but up to 74% is allowed through
approval route. A Foreign Direct Investment (FDI) is a controlling ownership in
a business enterprise in one country by an entity based in another country.
33.(4)
34.(3) Willful
default party does not make payment out of its will.
35.(1) The three
categories of NPAs are :
1) Substandard
assets 2) Doubtful assets 3) Loss assets
A Non-Performing
Asset (NPA) is defined as a credit facility in respect of which the interest
and/or installment of principal has remained ‘past due’ for a specified period
of time.
36.(3) The Bank
of England is the central bank of the United Kingdom and was established in
1694.
37.(3)
Controlling capital market is not a function of RBI but of SEBI.
38.(3) Cheque Truncation : The clearing of
cheques on the basis of electronic cheques is also called cheque truncation. An
electronic cheque is an electronic copy (scanned image) of a real cheque, which
is then transferred by email. In addition to the cheque’s ‘real’ signature, the
transfer must be digitally signed using the sender’s private key to
authenticate the transfer.
39.(1) A Kisan
Credit Card is a credit card to provide affordable credit for farmers in India.
It was started by the Government of India, Reserve Bank of India (RBI), and
National Bank for Agriculture and Rural Development (NABARD) in 1998-99 to help
farmers access timely and adequate credit.
40.(2) Due to Short Maturity : Due to short
maturity instrument of money market are liquid and can be converted to cash
easily.
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