1. The Issued Capital of RRBs (Regional Rural Banks) is jointly shared by Govt of India, Sponsor Bank & State Govt. concerned in the Ratio of?
a) 50%, 35% & 15% respectively
b) 50%, 30% & 20% respectively
c) 40%, 40% & 20% respectively
d) 20%, 20% & 60% respectively
e) None of the above
2. Who is known as 'Father of White Revolution' in India?
a) M S Swaminathan
b) Amartya Sen
c) Verghese Kurien
d) M. Visweswaraiah
e) None of the above
3. Which of the following are the measures aimed at greater 'Financial Inclusion'?
a) No Frills Accounts
b) Simple KYC (Know your customer) norms
c) Reasonable Bank Charges
d) 'a', 'b' & 'c' of the above
e) None of the above
4. Which of the following is NOT a valid document for opening new accounts with
banks as per RBI Anti-Money Laundering standards and KYC norms?
a) Passport
b) eKYC
c) Pan card
d) NREGA(National Rural Employment Guarantee Act) Job card
e) None of the above
5. What is a 'Chip+PIN' card?
a) A license card issued to Exporters by DGFT(Director General of Foreign Trade)
b) A highly secure Credit/Debit card having an embedded Chip with the encrypted PIN stored on the Chip
c) PAN card with an embedded Chip and PIN
d) A card which requires the user to enter PIN also while swiping at POS(Point of Sale) terminals
e) 'b' & 'd' of the above
6. How a high rate of 'Employee Attrition' affects an organization which requires highly skilled workers?
a) Decrease in Training Costs only
b) Increase in Recruitment and Training Costs
c) Decrease in Recruitment Costs only
d) Organization is not affected in any way
e) None of the above
7. At present which two Private Sector Banks are the last ones that were given Bank Licences by RBI?
a) Karur Vysya Bank & Lakshmi Vilas Bank
b) Axis Bank & Lord Krishna Bank
c) Kotak Mahendra Bank & Yes Bank
d) IDBI Bank & HDFC Bank
e) Karnataka Bank & Ratnakar Bank
8. Who owns the Share Capital of the RBI?
a) All the State Govts
b) Govt of India
c) All the Public Sector Banks
d) All the Public & Private Sector Banks
e) The World Bank
9. Which Country is the largest Importer from India (US $ 36,316 Millions) for Financial year 2012-13 ?
a) United Arab Emirates (UAE)
b) Unites States of America (USA)
c) UK (United Kingdom)
d) PRC (Peoples Republic of China)
e) Canada
10. What is the Priority Sector Lending Target stipulated for the Domestic Scheduled Commercial Banks for the Financial Year 2013-14?
a) 30 % of Adjusted Net Bank Credit
b) 60 % of Adjusted Net Bank Credit
c) 20 % of Adjusted Net Bank Credit
d) 50 % of Adjusted Net Bank Credit
e) 40 % of Adjusted Net Bank Credit
11. What is NOT true with regard to ITPO (India Trade Promotion Organization)?
a) It is a Trade Promotion Agency of Govt of India
b) It organizes Trade Fairs
c) It is located in New Delhi
d) It provides Finance to Exporters
e) It has Trade Centres in Bangalore and Chennai
12. As per RBI guidelines, Photos are not insisted up on by Banks while opening a Time Deposit below?
a) Rs. 50,000/-
b) Rs. 10,000/-
c) Rs. 20,000/-
d) Rs. 25,000/-
e) None
13. Which of the following is NOT a Tax levied by the Central Govt?
a) Tax on Agricultural Income
b) Corporation Tax
c) Income Tax
d) Customs Duty
e) Wealth Tax
14. Export Credit Guarantee Corporation of India Ltd. (ECGC) is a Govt of India Enterprise which provides?
a) Export Credit Insurance facilities to Exporters and Banks in India
b) Loans to Exporters in India
c) Export Credit Refinances to Banks in India
d) Export Licenses to Exporters in India
e) None of the above
15. Warren Buffett, considered world's most successful investor of the 20th Century and one of the world's wealthiest people belongs to which Country?
a) UK
b) USA
c) Canada
d) Germany
e) None of the above
16. The largest exporter of dairy products in India is?
a) Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
b) Andhra Pradesh Dairy Development Co-operative Federation Ltd (APDDCF)
c) Karnataka Co-operative Milk Producers' Federation Ltd. (KMF)
d) Tamilnadu Co-operative Milk Producers' Federation Ltd.
e) None of the above
17. Green Revolution in India made the country self sufficient in Food grains production.
Who is the father of the Indian Green Revolution?
a) Norman Borlaug
b) Verghese Kurien
c) M S Swaminathan
d) Amartya Sen
e) None of the above
18. Which of the following is the most suited form of Irrigation in Desert Lands?
a) Sprinkler irrigation
b) Canal irrigation
c) Borewell irrigation
d) Drip irrigation
e) None of the above
19. Ratan Tata is the current?
a) Chairman of Tata Sons
b) Chairman of TCS
c) Chairman of Tata Group
d) Chairman Emeritus of Tata Sons
e) None of the above
20. 'Yuan' , Currency of Peoples Republic of China is also known as?
a) Renminbi
b) Chinese Dollar
c) Kroner
d) Peso
e) None of the above
21. What is TRUE about 'Plan-Expenditure' of Union Budget?
a) It is the expenditure incurred on items relating to 5 year plans
b) It is incurred by the State Governments only
c) It includes Revenue Expenditure and Capital Expenditure
d) It is incurred by the Central Government
e) 'a', 'c' & 'd' above
22. Govt of India has set up 7th Pay Commission which would decide on revision of Salaries for Govt Employees and Pensioners. From what date are the recommendations of the Commission likely to be implemented ?
a) 1st January, 2016
b) 1st April, 2016
c) 1st January, 2014
d) 1st April, 2014
e) 1st January, 2015
23. Immediate Payment Service (IMPS)?
i. Is a service to transfer money immediately between two Accounts within the same bank or across banks.
ii. Requires both sender & receiver of money to be registered for mobile banking serice with their banks
iii. Requires both sender & receiver of money to have MMID(Mobile Money Identifier) issued by their banks
a) Only statement 'i' of the above is correct
b) Only statement 'iii' of the above is correct
c) Statements 'i' & 'ii' of the above are correct
d) Statements 'i' , 'ii' & 'iii' of the above are correct
e) None of the statements is correct
24. All the Money Bills related to Budget should be passed in full within how many days
of presentation of the Budget?
a) 60 days
b) 30 days
c) 75 days
d) 120 days
e) 90 days
25. What is NOT true with regard to Rajiv Awas Yojana (RAY)?
a) It is a Scheme of Govt of India
b) It benefits the Poor in the Rural areas
c) It aims to make India Slum-free by the year 2022
d) It aims to provide shelters or housing free of cost to the beneficiaries
e) Rs. 32,230 crore has been earmarked by Govt for the scheme during 12th Five year plan
26. Who presented the maximum number (10) of annual Budgets for India?
a) P Chidambaram
b) Pranab Mukherjee
c) Y B Chavan
d) Morarji Desai
e) None of the above
27. Which of the following pair of Country-Stock Exchange is NOT matched?
a) India - NIFTY
b) USA - NASDAQ
c) Germany - DAX
d) Singapore - SGX
e) Japan - KOSPI
28. As part of Financial Inclusion drive, Govt. has directed Public Sector Banks(PSBs)
to have ATMs at all their branches. As per 2013-14 Budget speech, PSBs have given
an assurance to complete this task by
a) 31st March, 2015
b) 31st December, 2014
c) 31st March, 2014
d) 31st December, 2015
e) 30th September, 2014
ANSWERS:
1. a 2. c 3. d 4. e 5. e 6. b 7. c 8. b 9. a 10.e
11.d 12.b 13.a 14.a 15.b 16.a 17.c 18.d 19.d 20.a
21.e 22.a 23.d 24.c 25.b 26.d 27.e 28.c
a) 50%, 35% & 15% respectively
b) 50%, 30% & 20% respectively
c) 40%, 40% & 20% respectively
d) 20%, 20% & 60% respectively
e) None of the above
2. Who is known as 'Father of White Revolution' in India?
a) M S Swaminathan
b) Amartya Sen
c) Verghese Kurien
d) M. Visweswaraiah
e) None of the above
3. Which of the following are the measures aimed at greater 'Financial Inclusion'?
a) No Frills Accounts
b) Simple KYC (Know your customer) norms
c) Reasonable Bank Charges
d) 'a', 'b' & 'c' of the above
e) None of the above
4. Which of the following is NOT a valid document for opening new accounts with
banks as per RBI Anti-Money Laundering standards and KYC norms?
a) Passport
b) eKYC
c) Pan card
d) NREGA(National Rural Employment Guarantee Act) Job card
e) None of the above
5. What is a 'Chip+PIN' card?
a) A license card issued to Exporters by DGFT(Director General of Foreign Trade)
b) A highly secure Credit/Debit card having an embedded Chip with the encrypted PIN stored on the Chip
c) PAN card with an embedded Chip and PIN
d) A card which requires the user to enter PIN also while swiping at POS(Point of Sale) terminals
e) 'b' & 'd' of the above
6. How a high rate of 'Employee Attrition' affects an organization which requires highly skilled workers?
a) Decrease in Training Costs only
b) Increase in Recruitment and Training Costs
c) Decrease in Recruitment Costs only
d) Organization is not affected in any way
e) None of the above
7. At present which two Private Sector Banks are the last ones that were given Bank Licences by RBI?
a) Karur Vysya Bank & Lakshmi Vilas Bank
b) Axis Bank & Lord Krishna Bank
c) Kotak Mahendra Bank & Yes Bank
d) IDBI Bank & HDFC Bank
e) Karnataka Bank & Ratnakar Bank
8. Who owns the Share Capital of the RBI?
a) All the State Govts
b) Govt of India
c) All the Public Sector Banks
d) All the Public & Private Sector Banks
e) The World Bank
9. Which Country is the largest Importer from India (US $ 36,316 Millions) for Financial year 2012-13 ?
a) United Arab Emirates (UAE)
b) Unites States of America (USA)
c) UK (United Kingdom)
d) PRC (Peoples Republic of China)
e) Canada
10. What is the Priority Sector Lending Target stipulated for the Domestic Scheduled Commercial Banks for the Financial Year 2013-14?
a) 30 % of Adjusted Net Bank Credit
b) 60 % of Adjusted Net Bank Credit
c) 20 % of Adjusted Net Bank Credit
d) 50 % of Adjusted Net Bank Credit
e) 40 % of Adjusted Net Bank Credit
11. What is NOT true with regard to ITPO (India Trade Promotion Organization)?
a) It is a Trade Promotion Agency of Govt of India
b) It organizes Trade Fairs
c) It is located in New Delhi
d) It provides Finance to Exporters
e) It has Trade Centres in Bangalore and Chennai
12. As per RBI guidelines, Photos are not insisted up on by Banks while opening a Time Deposit below?
a) Rs. 50,000/-
b) Rs. 10,000/-
c) Rs. 20,000/-
d) Rs. 25,000/-
e) None
13. Which of the following is NOT a Tax levied by the Central Govt?
a) Tax on Agricultural Income
b) Corporation Tax
c) Income Tax
d) Customs Duty
e) Wealth Tax
14. Export Credit Guarantee Corporation of India Ltd. (ECGC) is a Govt of India Enterprise which provides?
a) Export Credit Insurance facilities to Exporters and Banks in India
b) Loans to Exporters in India
c) Export Credit Refinances to Banks in India
d) Export Licenses to Exporters in India
e) None of the above
15. Warren Buffett, considered world's most successful investor of the 20th Century and one of the world's wealthiest people belongs to which Country?
a) UK
b) USA
c) Canada
d) Germany
e) None of the above
16. The largest exporter of dairy products in India is?
a) Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
b) Andhra Pradesh Dairy Development Co-operative Federation Ltd (APDDCF)
c) Karnataka Co-operative Milk Producers' Federation Ltd. (KMF)
d) Tamilnadu Co-operative Milk Producers' Federation Ltd.
e) None of the above
17. Green Revolution in India made the country self sufficient in Food grains production.
Who is the father of the Indian Green Revolution?
a) Norman Borlaug
b) Verghese Kurien
c) M S Swaminathan
d) Amartya Sen
e) None of the above
18. Which of the following is the most suited form of Irrigation in Desert Lands?
a) Sprinkler irrigation
b) Canal irrigation
c) Borewell irrigation
d) Drip irrigation
e) None of the above
19. Ratan Tata is the current?
a) Chairman of Tata Sons
b) Chairman of TCS
c) Chairman of Tata Group
d) Chairman Emeritus of Tata Sons
e) None of the above
20. 'Yuan' , Currency of Peoples Republic of China is also known as?
a) Renminbi
b) Chinese Dollar
c) Kroner
d) Peso
e) None of the above
21. What is TRUE about 'Plan-Expenditure' of Union Budget?
a) It is the expenditure incurred on items relating to 5 year plans
b) It is incurred by the State Governments only
c) It includes Revenue Expenditure and Capital Expenditure
d) It is incurred by the Central Government
e) 'a', 'c' & 'd' above
22. Govt of India has set up 7th Pay Commission which would decide on revision of Salaries for Govt Employees and Pensioners. From what date are the recommendations of the Commission likely to be implemented ?
a) 1st January, 2016
b) 1st April, 2016
c) 1st January, 2014
d) 1st April, 2014
e) 1st January, 2015
23. Immediate Payment Service (IMPS)?
i. Is a service to transfer money immediately between two Accounts within the same bank or across banks.
ii. Requires both sender & receiver of money to be registered for mobile banking serice with their banks
iii. Requires both sender & receiver of money to have MMID(Mobile Money Identifier) issued by their banks
a) Only statement 'i' of the above is correct
b) Only statement 'iii' of the above is correct
c) Statements 'i' & 'ii' of the above are correct
d) Statements 'i' , 'ii' & 'iii' of the above are correct
e) None of the statements is correct
24. All the Money Bills related to Budget should be passed in full within how many days
of presentation of the Budget?
a) 60 days
b) 30 days
c) 75 days
d) 120 days
e) 90 days
25. What is NOT true with regard to Rajiv Awas Yojana (RAY)?
a) It is a Scheme of Govt of India
b) It benefits the Poor in the Rural areas
c) It aims to make India Slum-free by the year 2022
d) It aims to provide shelters or housing free of cost to the beneficiaries
e) Rs. 32,230 crore has been earmarked by Govt for the scheme during 12th Five year plan
26. Who presented the maximum number (10) of annual Budgets for India?
a) P Chidambaram
b) Pranab Mukherjee
c) Y B Chavan
d) Morarji Desai
e) None of the above
27. Which of the following pair of Country-Stock Exchange is NOT matched?
a) India - NIFTY
b) USA - NASDAQ
c) Germany - DAX
d) Singapore - SGX
e) Japan - KOSPI
28. As part of Financial Inclusion drive, Govt. has directed Public Sector Banks(PSBs)
to have ATMs at all their branches. As per 2013-14 Budget speech, PSBs have given
an assurance to complete this task by
a) 31st March, 2015
b) 31st December, 2014
c) 31st March, 2014
d) 31st December, 2015
e) 30th September, 2014
ANSWERS:
1. a 2. c 3. d 4. e 5. e 6. b 7. c 8. b 9. a 10.e
11.d 12.b 13.a 14.a 15.b 16.a 17.c 18.d 19.d 20.a
21.e 22.a 23.d 24.c 25.b 26.d 27.e 28.c
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