 |
| Banking Awareness |
Dear Readers,
Welcome to Mentor for Bank Exams. Here I am
presenting the practice sets of Banking Awareness Quiz for upcoming bank exams like IBPS PO, IBPS Clerk and IBPS
RRB and other Insurance exams also. Kindly make use of this!!!
1. The Business
Correspondence Model being adopted by the banks provides Banking facilities to
which of the following?
(A) Only
Corporate borrowers (B) Only Weaker sections the society and people of small
villages
(C) Only those
who are taking housing loans (D) All of the above (E) None of these
2. The concept of
‘Carbon Credit’ is associated with which of the following areas?
(A) Protection of
environment (B) Women empowerment
(C) Development
of rural infrastructure (D) Development of coal mines (E) None of these
3. Global Micro
Credit Summit‐2011 will be organized in which of the following countries?
(A) Britain (B)
South Africa (C)
Spain (D) Italy (E) None of these
4. Many times we
read about SHGs in financial newspapers. What is the full form of the term?
(A) Small Help
Groups (B) Self
Help Groups (C) Small Hope in
Growths
(D) Self Hope
Groups (E) None of these
5. Which of the
following agencies/organizations in India maintains the Micro Finance
Development and Equity Fund which was in news recently?
(A)
Confederation of Industries in India (CII) (B) Indian Bank’s Association (IBA)
(C) Small
Industries Development Bank of India (SIDBI) (D) Reserve Bank of India (RBI)
(E) National
Bank for Agriculture and Rural Development (NABARD)
6. Which of the
following bills presented in the Parliament will bring some changes in existing
tax regime?
(A) Direct Taxes
Code (DTC) Bill (B) Foreign Exchange Management Regulatory Bill
(C) Companies
Act Bill (D) Salaries and Perks for MPs Bill
(E) Finance
Bill 2010‐11
7. Under Indira
Gandhi National Old Age Pension Scheme (IGNOAPS), the benefits are available to
the people having minimum age of …….
(A) 50 years
(B) 55 years (C)
65 years (D) 60 years (E) 70 years
8. Many times we
read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited
under the provision of which of the following Acts?
(A) Fiscal
Responsibility and Budget Management Act (B) Banking Regulation Act
(C) Financial
action Task Force Act (D) Foreign Exchange Management Act
(E) None of
these
9. As we all know
DIPP is the nodal agency in the field of foreign investments in India. What is
the full form of DIPP?
(A) Department of
Industrial Policy and Promotion
(B) Department
of Industrial Procedures and Promotions
(C) Directorate
of Industrial Procedures and Promotions
(D) Directorate
of Industrial Policy and Publicity
(E) None of
these
10. Many times we
read about the performance of Asian Markets in various financial newspapers. Which
of the following is not included in Asian Market?
(A) Japan (B)
China (C) Hong Kong (D) South Korea (E) Brazil
11. As per the
figures released by the World Bank, which of the following countries was the
largest recipient of loans from the World Bank during 2009‐10?
(A) Bangladesh
(B) Pakistan (C) Brazil (D) China (E) India
12. As per existing
policy, new foreign investments in manufacturing of which of the following is
not allowed?
(A) White
cement (B) Plastic goods (C) Cigarette and Cigars
(D) Polythene
bags (E) Pesticides
13. Which of the
following agencies/organizations has decided to make major changes for ULIPs?
(A) IRDA (B) RBI (C) AMFI (D) FRBI (E) None of these
14. Which of the
following is not a financial term?
(A) Acid Test (B) Double Fault (C) Gross Profit (D) Depreciation
(E) Cash flow
15. Which of the
following terms is not used in Economics?
(A) Balance of
Payment (B) Call Money (C) National Debt
(D) Elasticity
of Demand (E)
All terms used in economics
16. Hiroshima Day
is observed on which of the following dates ?
(A) 6th August (B) 16th August (C) 6th September (D) 16th September
(E) 26th July
17. The Rate on
which Banks borrow from the RBI is called—
(A) SLR (B) CRR
(C) Interest Rate (D) Bank Rate (E) Repo Rate
18. Which of the
following will be the venue of the India‐ASEAN Summit to be held in 2012?
(A) Tokyo (B)
Jakarta (C) Beijing (D) New Delhi (E)
None of these
19. As we know the
RBI is the apex Bank of India, similarly the apex Bank of USA is called—
(A) Federal
Reserve (B) The Central Bank of USA
(C) Bank of
America (D) Central National Bank of USA (E) None of these
20. As per the
Foreign Trade Policy (FTP) unveiled by the UPA Govt. in August 2009, India will
try to capture new markets for its exports in Asia, Latin America, Africa and
Oceania etc. Earlier amongst the following were India’s biggest export markets?
1. USA 2. Europe 3.
SAARC Nations
(A) Only 1 (B) Only 2 (C) Only 3 (D) All 1, 2 and 3 (E) None of
these
21. As per the
provisions made in the Union Budget 2010‐11, Govt. will infuse Rs. 16,500
crores in banks to make their capital base strong. This money will be infused
in which of the following types of banks?
(A) Gramin
Banks (B) Cooperative Banks (C) National Housing Banks
(D) Public Sector
Banks (E) None of these
22. As reported in
various financial newspapers the Govt. of India is planning to link the prices
of diesel and petrol to market prices and may also introduce a graded system of
sharing subsidy. If it is done this will be in order to implement the
recommendation of which of the following committees?
(A) Murli Deora
Committee (B) C. Rangarajan Committee
(C) Kirit Parikh
Committee (D) S. Sundareshan Committee
(E) None of
these
23. Which of the
following norms/practices adopted by the banks is/are launched to ensure that
the money from illegal activities/sources does/do not come to banks and
therefore, the economic health of the nation does not get affected?
1. Know your
Customer 2. Financial Inclusion 3. Branchless Banking
(A) Only 1 (B) Only 2 (C) Only 3 (D) Only 1 and 2 (E) All 1, 2
and 3
24. As a practice,
all banks now deduct some amount from their pretax income and set aside in a separate
account to create a cushion for the loans which may go bad. This is called—
(A) CRR (B) SLR
(C)
Provisioning (D) PLR (E) None of
these
25. As we know many
Indian Banks are opening their branches in foreign countries these days. What
in your opinion is/are the reasons owing to which these banks are willing to
open branches in foreign countries?
1. India has
the largest network of bank branches in the world. Hence other nations also
wish to take advantage of their services.
2. Indian Banks
get an opportunity to raise foreign currency funds and also the experience
funding joint ventures of multinationals. This prompts them to open their
branches in foreign nations.
3. As many
foreign banks are functioning in India, India in turn is also required to open
equal number of branches in foreign countries. Hence Indian Banks are opening
branches in these countries.
(A) Only 1 (B) Only 2 (C) Only 3 (D) Only 1 and 2 (E) None of these
