1. Which of the following is\/are the objective(s) of Free Trade Agreement, India has done with many countries ?
\n1. To provide support to entrepreneurs for setting up new projects in tiny\/SSI sector.
\n2. For undertaking expansion of business.
\n3. To support technology up-gradation.
\n(A) Only 1 and 2
\n(B) Only 2 and 3
\n(C) All 1, 2 and 3
\n(D) Only 1 and 3
\n(E) None of these
\nAns : (C)<\/p>\n
2. Which of the following organisations issue the rules of global trade ?
\n(A) World Bank
\n(B) World Trade Organisation
\n(C) Foreign Exchange Dealers\u2019 Association
\n(D) Directorate General and Foreign Trade
\n(E) None of these
\nAns : (B)<\/p>\n
3. One single statement that depicts the financial position of a bank and\/or business enterprise at a given point of time is called\u2014
\n(A) Statement of product details
\n(B) Reconciliation Statement
\n(C) Balance Sheet
\n(D) Quarterly returns submitted to RBI
\n(E) Trading and manufacturing account
\nAns : (C)<\/p>\n
4. Banks borrow money from the RBI on which of the following rates ?
\n(A) Reverse Repo Rate
\n(B) Repo Rate
\n(C) SLR
\n(D) CRR
\n(E) Savings Rate
\nAns : (B)<\/p>\n
5. The Reverse mortgage scheme is launched to give benefit to which of the following groups of society ?
\n(A) Govt. employees
\n(B) Senior Citizens
\n(C) Unemployed youth
\n(D) War widows
\n(E) None of these
\nAns : (B)<\/p>\n
6. What does the letter \u2018M\u2019 depict in the term SME as used in the financial world ?
\n(A) Maximum
\n(B) Medium
\n(C) Mercantile
\n(D) Mutual
\n(E) Ministry
\nAns : (B)<\/p>\n
7. One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts is passed to prevent this activity ?
\n(A) Payment & Settlements Act
\n(B) Banking Regulation Act
\n(C) Negotiable Instrument Act
\n(D) Narcotics and Psychotropic Substance Act
\n(E) Prevention of Money laundering Act
\nAns : (E)<\/p>\n
8. Which of the following organizations provides guarantee to the exporters ?
\n(A) Exim Bank
\n(B) Export Credit Guarantee Corporation
\n(C) Director General Foreign Trade
\n(D) Reserve Bank of India
\n(E) Registrar of companies
\nAns : (B)<\/p>\n
9. Which of the following terms is not used in Banking World ?
\n(A) Credit
\n(B) Rate
\n(C) Financial Status
\n(D) Discount
\n(E) Absolute zero
\nAns : (E)<\/p>\n
10. What is the full form of IRR as used in banking\/financial sectors ?
\n(A) Internal Rate of Return
\n(B) Internal Revaluation Reserve
\n(C) Investment Reserve Ratio
\n(D) Internal Risk Return
\n(E) None of the above
\nAns : (A)<\/p>\n
11. Which of the following organisations provides credit history of the borrowers ?
\n(A) CIBIL
\n(B) ARCIL
\n(C) SEBI
\n(D) RBI
\n(E) CCIL
\nAns : (A)<\/p>\n
12. Banks need liquidity to meet which of the following objectives of banking ?
\n1.Meet deposit withdrawal
\n2.Fund loan demands
\n3.Maintain public confidence
\n(A) Only 1
\n(B) Only 2
\n(C) Only 3
\n(D) Only 1 and 2
\n(E) Only 2 and 3
\nAns : (D)<\/p>\n
13. According to latest Economic Survey, which of the following sectors will provide largest share to Indian economy in the days to come?
\n(A) Agriculture
\n(B) Industry
\n(C) Services
\n(D) Exports
\n(E) None of these
\nAns : (C)<\/p>\n
14. Which one of the following group represents key industries ?
\n1. Crude oil, electricity
\n2. Petroleum refining and finished steel
\n3. Cement and coal
\n(A) Only group 1
\n(B) Only group 2
\n(C) Only groups 1 and 2
\n(D) Only group 3
\n(E) All groups 1, 2 and 3
\nAns : (E)<\/p>\n
15. Which one of the following is covered in the list of services for service tax purposes ?
\n1. Insurance\/health services
\n2. Hotel accommodation\/air travel services
\n3. Money changers\/legal services
\n(A) Only 1
\n(B) Only 2
\n(C) Only 3
\n(D) Both 1 and 3
\n(E) All 1, 2 and 3
\nAns : (E)<\/p>\n
16. Which of the following agencies is providing Unique Identity Cards to all Indian Residents ?
\n(A) Election Commission of India
\n(B) Ministry Foreign Affairs
\n(C) Govt. of Maharashtra
\n(D) Border Secutiry Force
\n(E) None of these
\nAns : (A)<\/p>\n
17. Vikram Pandit is associated with which of the following banks ?
\n(A) Yes Bank
\n(B) ICICI Bank
\n(C) Citigroup
\n(D) HSBC
\n(E) State Bank of India
\nAns : (C)<\/p>\n
18. Banks make frequent changes in their product profile including introduction of new products etc. This is called\u2014
\n(A) Product Control
\n(B) Product enhancement
\n(C) Product marketing
\n(D) Product enrichment
\n(E) None of these
\nAns : (B)<\/p>\n
19. Banking and financial services, all over the world, are regulated usually by Monetary Authority of the land. Who controls this function in India?
\n(A) Ministry of Finance
\n(B) SEBI
\n(C) RBI
\n(D) IRDA
\n(E) FEDAI
\nAns : (C)<\/p>\n
20. As per guidelines of the RBI, banks are to provide appropriate banking facilities to habitations having population in excess of 2000 by which year ?
\n(A) 2011
\n(B) 2012
\n(C) 2015
\n(D) 2016
\n(E) None of these
\nAns : (B)<\/p>\n
21. Which one of the following is the target fixed for maintaining fiscal deficit in the Union Budget of India ?
\n(A) 4\u20226 per cent of total budget
\n(B) 4\u20226 per cent of GDP
\n(C) 3\u20226 per cent of total budget
\n(D) 3\u20226 per cent of GDP
\n(E) None of these
\nAns : (B)<\/p>\n
22. FIMMDA stands for\u2014
\n(A) Foreign Investment Markets & Derivatives Market Association
\n(B) Fixed Income Money Markets and Derivatives Association
\n(C) Fixed Income and Money Market Development Association
\n(D) Floating Income and Money Markets Derivative Assets
\n(E) None of these
\nAns : (B)<\/p>\n
23. On which one of the following issues, a group of top business leaders and other eminent citizens have expressed their concern to the Govt. of India ?
\n(A) Corporate Governance
\n(B) Fiscal deficit
\n(C) Inflation
\n(D) Governance deficit
\n(E) None of these
\nAns : (C)<\/p>\n
24. Nobel Laureate Muhammed Yunus belongs to which one of the following countries ?
\n(A) Sri Lanka
\n(B) Pakistan
\n(C) Maldives
\n(D) Bangladesh
\n(E) None of these
\nAns : (D)<\/p>\n
25. Who is the author of the book \u2018Darkness At Noon\u2019 ?
\n(A) V. S. Naipaul
\n(B) Chetan Bhagat
\n(C) Arthur Koestler
\n(D) Vikram Seth
\n(E) None of these
\nAns : (C)<\/p>\n","protected":false},"excerpt":{"rendered":"