BANKING AWARENESS QUESTIONS

1. Which of the following organization provides credit history of the borrowers?
(A) CIBIL
(B) SEBI
(C) RBI
(D) CRISIL
(E) IBA
Ans: (D)


2. 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) Cardiac Index
Ans: (E)


3. What is the full form formog the term SHGs used in financial news-papers ?
(A) Small Help Groups
(B) Self Help Groups
(C) Small Hope in Growth
(D) Self Hope Groups
(E) Small Help for Growth
Ans: (B)


4. Which of the following nations is considered the originator of the concept of Micro Finance?
(A) Bangladesh
(B) India
(C) South Africa
(D) Greece
(E)Brazil
Ans: (A)


5. Which of the following carries out ‘Open Market Operations'?
(A) Stock Exchanges in India
(B) Indian Banks' Association
(C) Securities and Exchange Board of India
(D) Planning Commission
(E) Reserve Bank of India

Ans: (C)

6. The price at which the Govt. Purchases food grain for maintaining the public distribution system is known as:
(A) Ceiling prices
(B) Procurement price
(C) Minimum Price
(D) Issue Price
(E) Distribution price


Ans: (B)

7. Union Government on 26 September 2011 announced the reconstitution of the National Manufacturing Competitiveness Council (NMCC) under whose chairmanship to energise and sustain the growth of manufacturing industries and help in the implementation of strategies by the government?
(A) V. Krishnamurthy
(B) Pranab Mukherjee
(C) U K Sinha
(D) Dr D Subbarao
(E) Narayan Murthy
Ans: A


8. Government panel headed by Planning Commission member Arun Maira in its report presented on 27 September 2011 suggested giving more powers to which of the following bodies with respect to mergers and acquisitions in the pharmaceutical sector?
(A) Competition Commission of India
(B) Finance Ministry
(C) Reserve Bank of India
(D) Federation of Indian Chambers of Commerce and Industry
(E) Ministry of Health
Ans: (A)

9.  Coal Ministry on 21 September 2011 during the Round table conference on Coal approved, in principle, the allotment of five coal blocks to which of the following PSU power generators?
(A)  BHEL
(B)  NTPC
(C)  Power Grid Corporation of India
(D)  Gujarat State Energy Generation
(E)  ONGC

Ans: (B)

10. The Cabinet Committee on Economic Affairs on 30 August 2011 approved disinvestment of 5 per cent of its stake in which of the following Central Public Service Enterprises (CPSE)?
(A) NTPC
(B) HPCL
(C) BHEL
(D) SAIL
(E) ONGC
Ans: (C)