Thursday, December 5, 2013
1. What is the current MSF (Mar ginal Standing Facility) rate of RBI?
a) 8.75%
b) 9.00%
c) 8.50%
d) 9.25%
e) None of the above
2. What are the charges for an Inward NEFT transaction to be paid by the Customer receiving the Funds?
a) 1% of the Amount with a maximum of 250/-
b) NIL
c) 10% of the Amount with a maximum of 2500/-
d) 10%of the Amount with a maximum of 1500/-
e) None of the above
3. Wall Street is to USA what-
a) Dalal Street is to India
b) 10, Janpath is to India
c) 7 Racecourse Road is to India
d) Rajpath is to India
e) None of the above
4. What is a Blue Chip in Stock Market terms?
a) Share of a Company dealing in Bottled Water business
b) Share of a Company dealing in Sea Food business
c) Share of a Company which is Financially sound
d) Share of a Company which is running losses
e) None of the above
5. What is the Rate of Interest paid by RBI to Banks on their CRR Balances with RBI?
a) No Interest paid
b) 3.5%
c) 4 % less than the Repo Rate
d) 4% less than the MSF Rate
e) None of the above
6. National Food Security Bill 2013 aims to provide to each eligible person at subsidized rates, a minimum of?
a) 50Kgs of Food grains per month
b) 10Kgs of Food grains per month
c) 25Kgs of Food grains per month
d) 5Kgs of Food grains per month
e) None of the above
7. Indians & Indian Firms can not make investments in which of the following Countries?
a) Canada
b) UK
c) Pakistan
d) USA
e) None
8. Who is the First Female Presi- dent of FICCI? She is also the First Indian Woman to graduate from Harvard Business School?
a) Naina Lal Kidwai
b) Chanda Kochar
c) Arundhathi Bhattacharya
d) Shymala Gopinath
e) None of the above
9. What is India's place in Ran-kings related to Ease of Doing Business as per a Study conducted by World Bank& Inter national Finance Corporation (IFC)?
a) 1st of 189
b) 174 out of 189
c) 134 out of 189
d) 154 out of 189
e) None of the above
10. What is Bridge Finance?
a) Short term loan given for Bridge construction Projects
b) Short term loan given pending sanction of long term Finance
c) Short term loan given for bridging shortage of Food grains
d) Short term loan given for bridging shortage of Edible Oils
e) None of the above
11. Banks use LIBOR as base for Foreign Credit Interest Rates. What does LIBOR stand for?
a) London Interbank Offered Rate
b) Lloyds Interest Offered Rate
c) Leadbank Interest Offered Rate
d) Lowest Interest Offered Rate
e) None of the above
12. European Union is an Econo mic & Political union of some European Countries. Which of the following is NOT a member of European Union?
a) United Kingdom(UK)
b) Russia
c) Switzerland
d) 'a'&'c' of the above
e) 'b'&'c' of the above
13. Financial Inclusion is one of the major initiatives taken by the Govt of India with regard to spreading Banking services to the people in unbanked areas. Who headed the Com- mittee on Financial Inclusion whose recommendations were given in 2008?
a) Kirit Parikh
b) V K Shunglu
c) Bimal Jalan
d) C Rangarajan
e) Kaushik Basu
14. What are the Pro-Women measures announced in the Annual Budget 2013-14?
a) Setting up of 'Nirbhaya Fund' for Safety and Security of Women
b) Setting up of a Committee for empowerment of Women
c) Setting up of a Public Sector Women's Bank
d) Setting up of a separate Fund for financing women entrepreneurs
e) 'a' & 'c' of the above
15. Govt of India announced 2 new Major Ports to be constructed which will be notified under the Indian Ports Act 1908. In which States these would be set up?
a) Maharashtra & Gujarat
b) Tamilnadu & Orissa
c) Andhra Pradesh & West Bengal
d) Karnataka & Kerala
e) None of the above
16. Who is the current Chairman of SEBI?
a) U K Sinha
b) Y V Reddy
c) S Damodaran
d) Bimal Jalan
e) None
17. The First Land-less Free District in the Country where every Family owns a piece of Land is?
a) East Godavari in Andhra Pradesh
b) Ludhiana in Panjab
c) Madhurai in Tamilnadu
d) Kannur in Kerala
e) Rohtak in Haryana
18. How many Branches the newly formed all Women Bank Bharatiya Mahila Bank proposes to have by March 31st, 2014?
a) 25
b) 100
c) 1
d) 50
e) None
19. As per Company Act 2013 what is the minimum number of members required to form a Private Limited Company?
a) 7
b) 2
c) 1
d) 12
e) 5
20. Who is appointed as the First Female Managing Director (MD) of LIC of India?
a) Usha Sangwan
b) Arundadhati Bhattacharya
c) Chanda Kochar
d) Naina Lal Kidwai
e) None of the above
21. What is the relationship bet- ween a Bank and it's Depo-sitor?
a) Agent - Principal
b) Debtor - Creditor
c) Trustee - Beneficiary
d) Indemnifier - Indemnified
e) Guarantor - Guaranteed
22. Who signs a 10/- Rupee Note?
a) Finance Minister
b) SBI Chairman
c) RBI Governor
d) Prime Minister
e) None of the above
23. What is the Official Currency of Russia?
a) Russian Rouble
b) Russian Kopek
c) Russian Dollar
d) Russian Peso
e) None of the above
24. When the cost of Vegetables and Food grains almost doubles in Three Months, it can be assumed that the Economy is in a state of?
a) Deflation
b) Inflation
c) Contraction
d) Stagflation
e) Stable
25. Banks do not issue Cheque Books to which of the following Accounts?
a) Fixed Deposit Account
b) Minor Self Operated Savings Account
c) Recurring Deposit Account
d) 'b'&'c' of the above
e) 'a','b'&'c' of the above
26. Buy now, Pay now refers to?
a) Credit Card
b) Debit Card
c) Fixed Deposit
d) 'a'&'c' of the above
e) None of the above
27. Two Associate Banks, State Bank of Saurashtra & State Bank of Indore were earlier merged with SBI. At present SBI has got how many Associate Banks?
a) Three
b) Seven
c) Five
d) Four
e) Six
28. Hangseng is?
a) Taiwan Stock Exchange Index
b) Hong Kong Stock Exchange Index
c) South Korea Stock Exchange Index
d) Central Bank of Hong Kong
e) None of the above
29. RBI derives it's powers to Print Currency Notes from the?
a) RBI(Reserve Bank of India) Act 1934
b) NI(Negotiable Instruments) Act 1881
c) BR(Banking Regulation) Act 1949
d) Coinage Act 1906
e) None of the above
30. Who has been elected as a member of (United Nations) UN Board of Auditors in the first week of November, 2013?
a) Comptroller and Auditor General(C&AG) of India
b) Central Board of Direct Taxes) CBDT Chairman
c) RBI Governor
d) Finance Secretary of India
e) None of the above
31. As per Forbes' Annual list of India's 100 richest, who is the India's wealthiest person?
a) Sunil Mittal of Bharti group
b) Azim Premji of Wipro
c) Narayana Murthy of Infosys
d) Mukesh Ambani of Reliance group
e) Cyrus Mistry of TATAs
32. Which State has the highest Per-capita income in India?
a) Punjab
b) Kerala
c) Delhi
d) Maharashtra
e) Haryana
33. EMI (Equated Monthly Instal-ment) is used for Loan repayments. EMI consists of repayment towards?
a) Principal only
b) Interest & Principal only
c) Interest only
d) Processing Charges only
e) None of the above
34. Which State tops in India in Sugar production?
a) Tamilnadu
b) A.P.
c) Uttar Pradesh
d) Punjab
e) None of the above
35. What is a Crop Holiday?
a) Postponing Crop sowing for a few days
b) Postponing Crop Loan repayments
c) Not growing Crops during a growing season
d) Postponing Crop Harvesting for a few days
e) None of the above
36. Committee to re-examine Prio-rity Sector Lending submitted it's report in February 2012. Who headed the Committee?
a) Bimal Jalan
b) V K Shunglu
c) C Rangarajan
d) M V Nair
e) None of the above
37. Name the organization set up for operating and overseeing Retail Payment Systems in India?
a) NPSI(National Payments Systems of India)
b) NRPC(National Retail Pay ments Corporation)
c) NPCI(National Payments Corporation of India)
d) NRSI(National Retail Sys-tems of India)
e) None of the above
38. What is Dhan Aadhar Card?
a) First Aadhar Card under Direct Cash Transfer Scheme
b) First Kisan Credit Card issued by SBI
c) First ATM/Micro ATM Card with Aadhar Number issued by Bank of India
d) First MSME Credit Card issued by Bank of India
e) None of the above
ANSWERS:
1) a 2) b 3) a 4) c 5) a 6) d 7) e 8) a 9) c 10) b
11) a 12) e 13) d 14) e 15) c 16) a 17) d 18) a 19) c 20) a
21) b 22) c 23) a 24) b 25) e 26) b 27) c 28) b 29) a 30) a
31) d 32) c 33) b 34) c 35) c 36) d 37) c 38) c
b) 9.00%
c) 8.50%
d) 9.25%
e) None of the above
2. What are the charges for an Inward NEFT transaction to be paid by the Customer receiving the Funds?
a) 1% of the Amount with a maximum of 250/-
b) NIL
c) 10% of the Amount with a maximum of 2500/-
d) 10%of the Amount with a maximum of 1500/-
e) None of the above
3. Wall Street is to USA what-
a) Dalal Street is to India
b) 10, Janpath is to India
c) 7 Racecourse Road is to India
d) Rajpath is to India
e) None of the above
4. What is a Blue Chip in Stock Market terms?
a) Share of a Company dealing in Bottled Water business
b) Share of a Company dealing in Sea Food business
c) Share of a Company which is Financially sound
d) Share of a Company which is running losses
e) None of the above
5. What is the Rate of Interest paid by RBI to Banks on their CRR Balances with RBI?
a) No Interest paid
b) 3.5%
c) 4 % less than the Repo Rate
d) 4% less than the MSF Rate
e) None of the above
6. National Food Security Bill 2013 aims to provide to each eligible person at subsidized rates, a minimum of?
a) 50Kgs of Food grains per month
b) 10Kgs of Food grains per month
c) 25Kgs of Food grains per month
d) 5Kgs of Food grains per month
e) None of the above
7. Indians & Indian Firms can not make investments in which of the following Countries?
a) Canada
b) UK
c) Pakistan
d) USA
e) None
8. Who is the First Female Presi- dent of FICCI? She is also the First Indian Woman to graduate from Harvard Business School?
a) Naina Lal Kidwai
b) Chanda Kochar
c) Arundhathi Bhattacharya
d) Shymala Gopinath
e) None of the above
9. What is India's place in Ran-kings related to Ease of Doing Business as per a Study conducted by World Bank& Inter national Finance Corporation (IFC)?
a) 1st of 189
b) 174 out of 189
c) 134 out of 189
d) 154 out of 189
e) None of the above
10. What is Bridge Finance?
a) Short term loan given for Bridge construction Projects
b) Short term loan given pending sanction of long term Finance
c) Short term loan given for bridging shortage of Food grains
d) Short term loan given for bridging shortage of Edible Oils
e) None of the above
11. Banks use LIBOR as base for Foreign Credit Interest Rates. What does LIBOR stand for?
a) London Interbank Offered Rate
b) Lloyds Interest Offered Rate
c) Leadbank Interest Offered Rate
d) Lowest Interest Offered Rate
e) None of the above
12. European Union is an Econo mic & Political union of some European Countries. Which of the following is NOT a member of European Union?
a) United Kingdom(UK)
b) Russia
c) Switzerland
d) 'a'&'c' of the above
e) 'b'&'c' of the above
13. Financial Inclusion is one of the major initiatives taken by the Govt of India with regard to spreading Banking services to the people in unbanked areas. Who headed the Com- mittee on Financial Inclusion whose recommendations were given in 2008?
a) Kirit Parikh
b) V K Shunglu
c) Bimal Jalan
d) C Rangarajan
e) Kaushik Basu
14. What are the Pro-Women measures announced in the Annual Budget 2013-14?
a) Setting up of 'Nirbhaya Fund' for Safety and Security of Women
b) Setting up of a Committee for empowerment of Women
c) Setting up of a Public Sector Women's Bank
d) Setting up of a separate Fund for financing women entrepreneurs
e) 'a' & 'c' of the above
15. Govt of India announced 2 new Major Ports to be constructed which will be notified under the Indian Ports Act 1908. In which States these would be set up?
a) Maharashtra & Gujarat
b) Tamilnadu & Orissa
c) Andhra Pradesh & West Bengal
d) Karnataka & Kerala
e) None of the above
16. Who is the current Chairman of SEBI?
a) U K Sinha
b) Y V Reddy
c) S Damodaran
d) Bimal Jalan
e) None
17. The First Land-less Free District in the Country where every Family owns a piece of Land is?
a) East Godavari in Andhra Pradesh
b) Ludhiana in Panjab
c) Madhurai in Tamilnadu
d) Kannur in Kerala
e) Rohtak in Haryana
18. How many Branches the newly formed all Women Bank Bharatiya Mahila Bank proposes to have by March 31st, 2014?
a) 25
b) 100
c) 1
d) 50
e) None
19. As per Company Act 2013 what is the minimum number of members required to form a Private Limited Company?
a) 7
b) 2
c) 1
d) 12
e) 5
20. Who is appointed as the First Female Managing Director (MD) of LIC of India?
a) Usha Sangwan
b) Arundadhati Bhattacharya
c) Chanda Kochar
d) Naina Lal Kidwai
e) None of the above
21. What is the relationship bet- ween a Bank and it's Depo-sitor?
a) Agent - Principal
b) Debtor - Creditor
c) Trustee - Beneficiary
d) Indemnifier - Indemnified
e) Guarantor - Guaranteed
22. Who signs a 10/- Rupee Note?
a) Finance Minister
b) SBI Chairman
c) RBI Governor
d) Prime Minister
e) None of the above
23. What is the Official Currency of Russia?
a) Russian Rouble
b) Russian Kopek
c) Russian Dollar
d) Russian Peso
e) None of the above
24. When the cost of Vegetables and Food grains almost doubles in Three Months, it can be assumed that the Economy is in a state of?
a) Deflation
b) Inflation
c) Contraction
d) Stagflation
e) Stable
25. Banks do not issue Cheque Books to which of the following Accounts?
a) Fixed Deposit Account
b) Minor Self Operated Savings Account
c) Recurring Deposit Account
d) 'b'&'c' of the above
e) 'a','b'&'c' of the above
26. Buy now, Pay now refers to?
a) Credit Card
b) Debit Card
c) Fixed Deposit
d) 'a'&'c' of the above
e) None of the above
27. Two Associate Banks, State Bank of Saurashtra & State Bank of Indore were earlier merged with SBI. At present SBI has got how many Associate Banks?
a) Three
b) Seven
c) Five
d) Four
e) Six
28. Hangseng is?
a) Taiwan Stock Exchange Index
b) Hong Kong Stock Exchange Index
c) South Korea Stock Exchange Index
d) Central Bank of Hong Kong
e) None of the above
29. RBI derives it's powers to Print Currency Notes from the?
a) RBI(Reserve Bank of India) Act 1934
b) NI(Negotiable Instruments) Act 1881
c) BR(Banking Regulation) Act 1949
d) Coinage Act 1906
e) None of the above
30. Who has been elected as a member of (United Nations) UN Board of Auditors in the first week of November, 2013?
a) Comptroller and Auditor General(C&AG) of India
b) Central Board of Direct Taxes) CBDT Chairman
c) RBI Governor
d) Finance Secretary of India
e) None of the above
31. As per Forbes' Annual list of India's 100 richest, who is the India's wealthiest person?
a) Sunil Mittal of Bharti group
b) Azim Premji of Wipro
c) Narayana Murthy of Infosys
d) Mukesh Ambani of Reliance group
e) Cyrus Mistry of TATAs
32. Which State has the highest Per-capita income in India?
a) Punjab
b) Kerala
c) Delhi
d) Maharashtra
e) Haryana
33. EMI (Equated Monthly Instal-ment) is used for Loan repayments. EMI consists of repayment towards?
a) Principal only
b) Interest & Principal only
c) Interest only
d) Processing Charges only
e) None of the above
34. Which State tops in India in Sugar production?
a) Tamilnadu
b) A.P.
c) Uttar Pradesh
d) Punjab
e) None of the above
35. What is a Crop Holiday?
a) Postponing Crop sowing for a few days
b) Postponing Crop Loan repayments
c) Not growing Crops during a growing season
d) Postponing Crop Harvesting for a few days
e) None of the above
36. Committee to re-examine Prio-rity Sector Lending submitted it's report in February 2012. Who headed the Committee?
a) Bimal Jalan
b) V K Shunglu
c) C Rangarajan
d) M V Nair
e) None of the above
37. Name the organization set up for operating and overseeing Retail Payment Systems in India?
a) NPSI(National Payments Systems of India)
b) NRPC(National Retail Pay ments Corporation)
c) NPCI(National Payments Corporation of India)
d) NRSI(National Retail Sys-tems of India)
e) None of the above
38. What is Dhan Aadhar Card?
a) First Aadhar Card under Direct Cash Transfer Scheme
b) First Kisan Credit Card issued by SBI
c) First ATM/Micro ATM Card with Aadhar Number issued by Bank of India
d) First MSME Credit Card issued by Bank of India
e) None of the above
ANSWERS:
1) a 2) b 3) a 4) c 5) a 6) d 7) e 8) a 9) c 10) b
11) a 12) e 13) d 14) e 15) c 16) a 17) d 18) a 19) c 20) a
21) b 22) c 23) a 24) b 25) e 26) b 27) c 28) b 29) a 30) a
31) d 32) c 33) b 34) c 35) c 36) d 37) c 38) c
