Banking Awareness for IDBI PO

Q1. Who is the first Governor of RBI?
(a) C.D.Deshmukh
(b) James Braid Taylor
(c) Osborne Smith
(d) Raghuram Rajan
(e) None of the given options is true

Q2. Scheduled Banks of India are those banks, which are?
(a) Included in First Schedule of RBI Act, 1934
(b) Not included in First Schedule of RBI Act, 1934
(c) Included in Second Schedule of RBI Act, 1934
(d) Not included in Second Schedule of RBI Act, 1934
(e) None of the given options is true

Q3. Which is not an Associate Bank of SBI?
(a) State Bank of Bikaner & Jaipur
(b) State Bank of Travancore
(c) State Bank of Mysore
(d) State Bank of Rajasthan
(e) None of the given options is true

Q4. Which of the following bank is not a private sector bank in India?
(a) Federal Bank
(b) Yes Bank
(c) IndusInd Bank
(d) UCO Bank
(e) None of the given options is true

Q5. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
(a) ING Vysya Bank
(b) Karur Vysya Bank
(c) Lakshmi Vilas Bank
(d) Jammu and Kashmir Bank
(e) None of the given options is true

Q6. RBI was established (April 1, 1935) under which of the following Acts?
(a) Reserve Bank of India Act, 1934
(b) Reserve Bank of India Act, 1926
(c) Banking Regulation Act, 1949
(d) Negotiable Instrument Act, 1881
(e) None of the given options is true

Q7. Who was the first Indian governor of RBI?
(a) Osborne Smith
(b) C D Desmukh
(c) James Taylor
(d) Bimal Jalan
(e) None of the given options is true

Q8. In which year RBI was nationalized?
(a) 1955
(b) 1949
(c) 1947
(d) 1980
(e) None of the given options is true

Q9. Which one of the following rates is not decided by RBI?
(a) Repo rate
(b) Base rate
(c) Bank rate
(d) MSF
(e) None of the given options is true

Q10. Every bank wishing to commence banking business in India is required to obtain a licence from?
(a) Government of India, Ministry of Finance
(b) Government of India, Company Law Board
(c) Reserve Bank of India
(d) Registrar of Companies
(e) None of the given options is true

Q11. Currently, Which of the following combination has female CMDs or heads?
(a) HDFC, ICICI, Axis Bank
(b) ICICI, Axis Bank, Kotak Mahindra Bank
(c) Yes Bank, Kotak Mahindra Bank, SBI
(d) SBI, ICICI, Axis Bank
(e) None of the given options is true

Q12. Which two private sector banks have got the license from RBI in 2014?
(a) Bandhan and Yes Bank
(b) Yes Bank and IDFC
(c) IDFC Bank and Bandhan Bank
(d) Axis Bank and ICICI
(e) None of the given options is true

Q13. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group's monthly publication?
(a) Janet Yellen
(b) Raghuram Rajan
(c) Graeme Wheeler
(d) Mario Draghi
(e) None of the given options is true

Q14. Which bank first introduced Automated Teller Machine (ATM) in India (1987)?
(a) SBI
(b) Punjab National Bank
(c) Federal Bank
(d) HSBC
(e) None of the given options is true

Q15. Bank of Rajasthan was merged with which private sector bank?
(a) ICICI Bank
(b) Axis Bank
(c) HDFC Bank
(d) Kotak Mahindra Bank
(e) None of the given options is true













Solutions

1.C
2.C
3.D
4.D
5.A
6.A
7.B
8.B
9.B
10.C
11.D
12.C
13.B
14.D
15.A

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Current Affairs

1)   What does CBEC stand for?
a. Central Board of Excise and Clearance
b. Central Board of Excise and Customs
c. Central Board of Excise and Cash
d. None of the above

2)   What is Sampark?
a. Business Idea challenge
b. Industry academia interface event
c. Both of the above
d. Neither of the above

3)   Who has been appointed Chairman of the Cauvery Tribunal?
a. Justice Ghodke
b. Justice Sapre
c. Justice Shahane
d. Justice Bobde

4)   Scientists from NASA have discovered microbes trapped inside crystals for how many years?
a. 60,000
b. 50,000
c. 40,000
d. 30,000

5)   CERT-In has launched which PC and mobile security solution?
a. Cyber Forensic Kendra
b. Cyber Swachhta Kendra
c. Cyber Swachh Kendra
d. None of the above

6)   Bharti Airtel will acquire the business of which company?
a. Telenor (India) Communications Private Limited
b. Telenor India
c. Vodafone
d. Both a and b
e. All the above

7)   Scientists have discovered Earth like planets near a star called _________
a. Trappist-10
b. Trappist-1
c. Trappist-3
d. Trappist-4

8)   Alphabet Inc launched a new technology to track abusive comments called ________
a. Perspective
b. Attitude
c. Mindset
d. Approach

9)   TATA Communications has launched which iOT platform?
a. MOVE
b. TROVE
c. SPEED
d. None of the above

10)   Goa's Bombay HC became the first to pay court fees through which mode?
a. Adhesive stamps
b. Impressed stamps
c. Online mode
d. None of the above

11)   SHA-1 is a cryptographic technology which stands for _________
a. Secure Hash Algorithm-1
b. Social Hash Algorithm-1
c. Simple Hash Algorithm-1
d. Superior Hash Algorithm-1

12)   Rate of retreat has slowed down to what value for the Gangotri glacier?
a. 11 metres
b. 10 metres
c. 9 metres
d. 8 metres











Solutions

1.B
2.C
3.B
4.A
5.B
6.D
7.B
8.A
9.A
10.C
11.A
12.A

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Banking Awareness for IDBI PO

Q1. Which of the following is the Regulator of the credit rating agencies in India?
(a) RBI
(b) SBI
(c) SIDBI
(d) SEBI
(e) None of the given options is true

Q2. The logo of Bank of Baroda is known as?
(a) Sun of Bank of Baroda
(b) Baroda sun
(c) Bank of Baroda’s Rays
(d) Sunlight of Bank of Baroda
(e) None of the given options is true

Q3. One of the major challenges banking industries is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?
(a) Know your customer norms
(b) Banking Regulation Act
(c) Negotiable Instruments Act
(d) All of the above
(e) None of the given options is true

Q4. Lots of Banks in India these days are offering M-Banking Facility to their customers. What is ‘M’ in ‘M-Banking?
(a) Money
(b) Marginal
(c) Message
(d) Mobile
(e) None of the given options is true

Q5. In India, which of the following agency is responsible for announcing the Foreign Trade Policy?
(a) RBI
(b) EXIM-Bank
(c) Foreign Ministry
(d) Ministry of Commerce and Industry
(e) None of the given options is true

Q6. Many a time we read a term MSS in relation to banking transactions. What is the full form of MSS?
(a) Money Stabilization Scheme
(b) Market Stabilisation Scheme
(c) Maturity and Standardisation Service
(d) Money Stabilization Service
(e) None of the given options is true

Q7. RBI’s open market operation transactions are carried out with a view to regulate?
(a) Liquidity in the economy
(b) Prices of essential commodities
(c) Inflation
(d) All of the above
(e) None of the given options is true

Q8. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means?
(a) Sale or purchase of Govt. securities
(b) Issuance of different types of bonds
(c) Auction of gold
(d) All of the above
(e) None of the given options is true

Q9. Cheap Money means?
(a) Low Level of Income
(b) Low Level of Savings
(c) Excess of Black Money
(d) Low Rate of Interest
(e) None of the given options is true

Q10. The process of the total valuation of the financial capital assets of a country is technically known as?
(a) Market Capitalization
(b) Gross Domestic Product
(c) Net wealth of the country
(d) Gross Domestic Resources
(e) None of the given options is true

Q11. The Reserve Bank of India (RBI) keeps on modifying various rates/ratios to keep the flow of liquidity in the market in balanced situation. Which of the following rates/ratios/indexes is NOT directly controlled by the RBI?
(a) Cash Reserve Ratio (CRR)
(b) Repo Rate (RR)
(c) Reserve Repo Rate (RRR)
(d) Wholesale Price Index (WPI)
(e) None of the given options is true

Q12. An agreement between two nations or a group of nations which establishes unimpeded exchange and flow of goods and services between/among trade partners regardless of national boundaries is called?
(a) Import Free Agreement
(b) Free Trade Agreement
(c) Export Free Agreement
(d) All of the above
(e) None of the given options is true

Q13. In the capital market, the term arbitrage is used with reference to?
(a) Purchase of securities to cover the sale
(b) Sale of securities to reduce the loss on purchase
(c) Simultaneous purchase and sale of securities to make profits from price
(d) All of the above
(e) None of the given options is true

Q14. The stance of RBI monetary policy is?
(a) Inflation control with adequate liquidity for growth
(b) Improving credit quality of the Banks
(c) Strengthening credit delivery mechanism
(d) All of the above
(e) None of the given options is true

Q15. Currency Swap is an instrument to manage?
(a) Currency risk
(b) Interest rate risk
(c) Currency and interest rate risk
(d) Cash flows in different currency
(e) None of the given options is true












Solutions

1.D
2.B
3.A
4.D
5.D
6.B
7.D
8.A
9.D
10.A
11.D
12.B
13.C
14.D
15.D

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GK Quiz for Bank Exams

Q.1. The punch line of the advertisement of which of the following organization is “Jindagi ke sath bhi Jindagi ke bad bhi” ?
(A) New India Assurance
(B) General Insurance Corporation
(C) ICICI Prudential
(D) Life Insurance Corporation Of India
(E) None of these

Q.2. The central office of the Life Insurance Corporation of India (LIC) is located at

(A) Kolkata
(B) New Delhi
(C) Chennai
(D) Pune
(E) Mumbai

Q.3. The Life Insurance Corporation Of India has how many Zonal offices in India ?

(A) Five (B) Eight (C) Ten (D) Fifteen (E) None of these

Q.4. If an organization wishes to venture into Insurance Business it has to obtain a licence first from which of the following ?

(A) Indian Banks Association (IBA)
(B) Security and Exchange Board of India (SEBI)
(C) Tariff Advisory Committee (TAC)
(D) Insurance Regulatory and Development Authority of India (IRDAI)
(E) None of these

Q.5. Which of the following is not the name of an Insurance Scheme launched by the Government of India

(A) Janashree Bima Yojana
(B) Krishi Shramik Sarnajik Suraksha Yojana
(C) Shiksha Sahyog Yojana
(D) Varsha Bima Yojana
(E) National Saving Scheme Programme

Q.6. Which of the following insurance companies writes its punch line in the advertisements “Insurance is the subject matter of solicitation” ?

(A) CIC
(B) LIC
(C) ING Vysya Life InsuranceCo.
(D) Tata AIG Life Insurance Co
(E) None of these

Q.7. Which of the following was the parent company of New India Assurance ?

(A) LIC
(B) GIC
(C) Oriental Insurance Co. Ltd.
(D) United India Insurance
(E) None of these

Q.8. Which of the following words/ terms is closely associated with the insurance business

(A) Archives
(B) Donation
(C) Actuary
(D) Quest
(E) All are associated with insurance

 Solutions

1.D
2.E
3.B
4.D
5.D
6.B
7.B
8.C

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Economics Questions For Bank Exams

1. In India, Inflation is measured by the?

 A) National Income Deflation

 B) Consumers Price Index for agriculture workers

 C) Consumers Price Index for urban non-manual workers

 D) Wholesale Price Index number

2. Short-term finance is usually for a period ranging up to?

 A) 6 months

 B) 12 months

 C) 18 months

 D) 24 months

3. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment(FDI) inflows into India?

 A) Services sector

 B) Insurance sector

 C) Telecommunication

 D) Defence sector

4. Depreciation means?

 A) Closure of a plant due to labour trouble

 B) Destruction of a plant in a fire accident

 C) Loss of equipment over time due to wear and tear

 D) Closure of a plant due to lock out

5. Which of the following is correct regarding the Gross Domestic Savings in India?

 A) Contribution of Government sector is the largest

 B) Contribution of Household sector is the largest

 C) Contribution of Corporate sector is the largest

 D) Contribution of Corporate sector is the shortest

6. Planning may be defined as the conscious and deliberate choice of economic priorities by some public authority is view of?

 A) Lionel Robbins

 B) Prof. Durbin

 C) Barbar wooton

 D) Charles Bettlenheim

7. Increase in Gross National Product without inflation is called?

 A) Growth with stability

 B) Infrastructure of a perfect economy

 C) Deflation

 D) None of the above

8. The philosophy of 'Laissez-faire' is associated with ?

 A) Gandhian State

 B) Industrial State

 C) Socialist State

 D) Welfare State

9. When was the National Bank for Agriculture and Rural Development (NABARD) set up?

 A) 1975

 B) 1980

 C) 1982

 D) 1990

10. India opted for 'Mixed Economy' in?

 A) First Five Year Plan

 B) Second Five Year Plan

 C) Industrial Policy of 1948

 D) Framing of the Constitution

Solutions

1.D

2.B

3.C

4.C

5.B

6.C

7.A

8.B

9.C

10.C

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Banking Awareness for IPPB

Q1. Which of the following organisation release World Economic Outlook report?
(a) World Bank
(b) IMF
(c) UNDP
(d) WTO
(e) None of the given options is true

Q2. ICRA, CRISIL and Standard and Poor’s (S&P) are-
(a) Credit rating agencies
(b) NGOs
(c) Financial Institutions
(d) NBFCs
(e) None of the given options is true

Q3. Which Bank is the Banker to the Indian Government?
(a) Central Bank of India
(b) Reserve Bank of India
(c) Punjab National Bank
(d) State Bank of India
(e) None of the given options is true

Q4. “Primary Deficit “refers to?
(a) Gross Fiscal Deficit minus Interest Payments
(b) Budget Deficit minus Interest Payments
(c) Monetary Deficit minus Interest Payments
(d) Deficit financing by 91 day ad hoc treasury bills
(e) None of the given options is true

Q5. Open market operations are mainly used as ______?
(a) A fiscal device which assists Government borrowing
(b) A monetary measure to regulate quantity of money in circulation and the cash reserves of the commercial banks
(c) A measure to counteract extreme trends in business  
(d) A measure to influence the balance of payments position
(e) None of the given options is true

Q6. The RBI has given permission for cash withdrawal at “POS terminals”. What is the full form of “POS”?
(a) Permitted on Sale
(b) Potential of Service
(c) Point of Sale
(d) Permission of Sale
(e) None of the given options is true

Q7. “Doing Business Report” is prepared by which of the following organisations every year?
(a) Asian Development Bank (ADB)
(b) World Bank
(c) International Monetary Fund (IMF)
(d) World Trade Organisation (WTO)
(e) None of the given options is true

Q8. “Yen” is the currency of?
(a) China
(b) South Korea
(c) North Korea
(d) Japan
(e) None of the given options is true

Q9. Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIPs). SIPs are an investment option also operated in the mode of?
(a) Mutual Funds
(b) Small Savings Schemes in Post Offices
(c) National Pension Fund
(d) National Saving Certificates
(e) None of the given options is true

Q10. Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future?
(a) Bombay Stock Exchange (BSE)
(b) Indian Bank’s Association (IBA)
(c) Securities & Exchange Board of India (SEBI)
(d) Reserve Bank of India (RBI)
(e) None of the given options is true

Q11. 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) People's Bank of USA
(e) None of the given options is true

Q12. Which of the following rates decided by the RBI is called “Policy Rate”?
(a) Lending Rate
(b) Cash Reserve Ratio
(c) Deposit Rate
(d) All of the above
(e) None of the given options is true

Q13. Loan given by the banks to farmers/Agriculture owners etc is known as........?
(a) Corporate loan
(b) Business loan
(c) Priority sector loan
(d) Commercial loan
(e) None of the given options is true

Q14. The Head Office of which of the following banks is in Mumbai?
(a) Punjab National Bank
(b) Bank of Maharashtra
(c) UCO Bank
(d) Union Bank of India
(e) None of the given options is true

Q15. Which organisation is an umbrella organisation for all retail payments system in India?
(a) NPCI
(b) SEBI
(c) RBI
(d) NABARD
(e) IRDAI












Solutions

1.B
2.A
3.B
4.A
5.B
6.C
7.B
8.D
9.A
10.D
11.A
12.B
13.C
14.D
15.A

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General Knowledge

1.Objective of SLR(Statutory Liquidity Ratio) is /are;

A. To restrict expansion of bank credit.

B. To increase banks investment in approved securities.

C. To ensure solvency of banks.

D. All of these.


2.Interest payable on savings bank accounts is-

A. decided by banks without following any conditions by RBI.

B. not regulated by RBI.

C. regulated by central government.

D. decided by banks following the guidelines of RBI


3.Which is/are the commodities on which subsidy is given to farmers or poor people in India?

A. Fertilizer.

B. Kerosene.

C. LPG.

D. All of these.


4.Financial inclusion or Inclusive financing means providing-

A. food at low cost.

B. financial services (Payments, remittances, savings, loans, insurance and etc.) at affordable cost to those disadvantaged and low-income parts/segments of the society, where these services are not affordable or available.

C. only free financial education to poor people.

D. None of these.


5.If the rate of inflation increases then the-

A. purchasing power of money increases.

B. purchasing power of money decreases.

C. purchasing power of money remains uneffected.

D. None of these.










Solutions

1.D
2.D
3.D
4.B
5.B

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Current Affairs

1)   Pakistan's senate passed which landmark bill, the first personal law for Hindus in the country?
a. Hindu Marriage Bill 2017
b. Hindu Succession Bill 2017
c. Hindu Marriage and Succession Bill 2017
d. None of the above

2)   Australia's CSIRO has made graphene using ________.
a. Soybean
b. Soybean oil
c. Soybean concentrate
d. None of the above

3)   ISRO successfully tested which engine for GSLV mark 3?
a. Cryogenic Upper Stage
b. Cryogenic Lower Stage
c. Cryogenic Middle Stage
d. None of the above

4)   Maharashtra government has launched the cloud seeding programme over which district?
a. Solapur
b. Nagpur
c. Kolhapur
d. None of the above

5)   What is Momentum Jharkhand?
a. Scheme
b. Social welfare programme
c. Global investors summit
d. None of the above

6)   Airtel Payments Bank has launched the first online debit card with which firm?
a. Standard Chartered
b. Mastercard
c. VISA
d. None of the above

7)   MHRD has signed an MoU with which bank to operationalise HEFA?
a. Canara Bank
b. SBI
c. SIB
d. PNB

8)   Which PSU bank won the ISO 27001:2013 certification for ISMS?
a. PNB
b. SBI
c. SIB
d. None of the above

9)   Who was called the Lion of Vidarbha?
a. Jambuwantrao Dhote
b. Jambuwantrao Ghote
c. Jambuwantrao Mhote
d. None of the above

10)   Which state's “Mile Banche” programme has its CM to play the role of a teacher in government schools?
a. Himachal Pradesh
b. Uttar Pradesh
c. Madhya Pradesh
d. None of the above










Solutions

1.A
2.B
3.A
4.A
5.C
6.B
7.A
8.C
9.A
10.C

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Banking Awareness for RBI Assistant

Q1. RRB is established in _________.
(a) 5 Oct 1936
(b) 7 Oct 1935
(c) 4 Oct 1965
(d) 2 Oct 1975
(e) None of the above

Q2. Foreign Currency which has a tendency of quick migration is called-
(a) Fiat Currency
(b) Soft Currency
(c) Token Currency
(d) Hot Currency
(e) None of the above

Q3. The banker is under an obligation to take utmost care in keeping secrecy of the details of the customer. However, the obligation of secrecy is not considered essential when
(a) a banker is required to give evidence in the court
(b) there is national emergency and disclosure is essential in the public interest
(c) there are clear proofs of reason to the state and when consent is given by the customer to provide information for the     preparation of balance sheet
(d) All of the above
(e) None of the above

Q4. Which of the following is the Central Bank of the country?
(a) RBI
(b) SBI
(c) RRB
(d) NABARD
(e) SEBI

Q5. Which of the following is NOT a Govt. sponsored organization?
(a) SIDBI
(b) NABARD
(c) NHB
(d) ICICI Bank
(e) None of the above

Q6. When a corporate entity wishes to raise money from the market it can do that by issuing _________.
(a) Commercial Papers
(b) Treasury Bills
(c) KisanVikas Patra
(d) National Savings Certificates
(e) None of the above

Q7. On the basis of powers drawn mainly in which of the following Acts, RBI regulates and controls the banks in India?
(a) Banking Regulation Act and RBI Act
(b) RBI Act and Companies Act
(c) Banking Regulation Act and Companies Act
(d) Banking Regulation Act, RBI Act and Negotiable Instruments Act
(e) None of the above

Q8. With reference to a cheque which of the following is the “drawee bank”?
(a) The bank that collects the cheque
(b) The payee's bank
(c) The endorsee's bank
(d) The endorser's bank
(e) The bank upon which the cheque is drawn

Q9. Which of the following is not a party of bill of exchange?
(a) The drawer
(b) The drawee
(c) The payee
(d) The endorser
(e) None of the above

Q10. Where the time for payment is  not mentioned in a promissory note it is?
(a) invalid instrument
(b) inchoate instrument
(c) no payment can be demanded
(d) payable on demand
(e) None of the above

Q11. Bank Rate is __________
(a) Rate at which commercial banks borrow long term funds from central Bank.
(b) Rate at which commercial banks borrow short term funds from central Bank.
(c) Currently Bank rate is 6.75%
(d) Both (a) and (c)
(e) None of the above

Q12. In which year Public Debt Act was passed?
(a) 1938
(b) 1940
(c) 1944
(d) 1948
(e) None of the above

Q13. Non-Agricultural Market Access (NAMA) word is related to which organization?
(a) WTO
(b) UNCTAD
(c) IMF
(d) World Bank
(e) NDB

Q14. SEBI is related to _________.
(a) Bank
(b) Government of India
(c) Share Market
(d) State Government
(e) None of the above

Q15. “Micro Credit” means?
I. Loan of very small amount
II. Loans to Corporate Sector
III. Loans amounting Rs 50 lakhs to Rs 5 crores to Medium and small Industries Units
(a) Only (I)
(b) Only (II)
(c) Only (I) and (II)
(d) All of the above
(e) None of the above












Solutions

1.D
2.D
3.D
4.A
5.D
6.A
7.A
8.E
9.D
10.D
11.D
12.C
13.A
14.C
15.A

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General Knowledge

1.Retail Banking refers to the dealing of commercial banks with individual customers on,

i) Liabilities.
ii) Assets.

   A. only i.

   B. only ii.

   C. both i and ii.

   D. None of these.


2.Wholesale banking is also called,

i)Corporate banking.
ii)Commercial banking

   A. only i.

   B. only ii.

   C. both i and ii.

   D. None of these.


3.With respect to wholesale banking,'term landing' is a,

i)Fund based services.
ii)Non-fund based services.

   A. only i.

   B. only ii.

   C. both i and ii.

   D. None of these.


4.In banking the term DTL refers to;

   A. Detail time limit.

   B. Demand and time limit.

   C. Demand and time liabilities.

   D. None of these.


5.Cash reserve ratio(CRR) refers to,

   A. Cash that all banks are require to maintain with RBI.

   B. Certain percentage of DTL of all banks.

   C. Both a & b.

   D. None of these.











Solutions

1.C
2.C
3.B
4.C
5.C

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Current Affairs

1)   What is NxGnMiFu-2017?
a. An international conference on next gen technologies
b. A global mining and fuel industries conference
c. Both of the above
d. Neither of the above

2)   Who has become the first and only Indian to win Grand Prix motorsport?
a. Jehan Daruvala
b. Trehan Daruvala
c. Vehan Daruvala
d. None of the above

3)   Who won the Grammy in 1978 for Look to the Rainbow?
a. Al Jarreau
b. Al Farreau
c. Al Sarreau
d. None of the above

4)   Scientists discovered chemicals banned in 1970s in ______.
a. Tissue of marine creatures in deepest ocean
b. Soil layers underneath
c. Atmospheric layer in the sky
d. None of the above

5)   IMF has opened SARTTAC. What does it stand for?
a. South Asia Training and Technical Assistance Centre
b. South Asia Technical and Training Assistance Centre
c. South America Technical and Training Assistance Centre
d. South America Training and Technical Assistance Centre

6)   What is Thubber?
a. Rubber like material with high thermal conductivity and elasticity
b. Electrically insulating composite material
c. Both of the above
d. Neither of the above

7)   India has joined which UNICEF-WHO network?
a. Network for Improving Quality of Care for Maternal, Newborn and Child Health
b. Network for Improving Quality of Care for Maternal and Child Health
c. Network for Improving Quality of Care for Maternal, Newborn Health
d. Network for Improving Quality of Care for Maternal, Newborn and Child Disease Eradication

8)   What is NETRA?
a. Airborne early warning and control system
b. Indigenous early warning system
c. Both of the above
d. Neither of the above

9)   Merger of SBI with how many subsidiaries was approved on 15th Feb 2017?
a. 4
b. 5
c. 6
d. 7

10)   Banks need how much capital to sustain 8-9% growth?
a. INR 90,000 crore
b. INR 91,000 crore
c. INR 92,000 crore
d. INR 93,000 crore









Solutions

1.C
2.A
3.A
4.A
5.A
6.C
7.A
8.C
9.B
10.B

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Banking Awareness for RBI Assistant

Q1. Which of the following efforts fall under Financial Inclusion Plan (FIP) of RBI/government?
(a) Nationalization of banks
(b) Priority Sector Lending (PSL) targets
(c) Zero balance accounts, like BSBDA, Jan-Dhan Account, Small Account, etc.
(d) All of the above
(e) None of the above

Q2. Which of the following is not true regarding Financial Inclusion Plan?
(a) Relaxed and simplified KYC norms for account opening
(b) Mandatory branches in unbanked villages
(c) BSBDA Accounts with minimum balance criteria
(d) Micro branches to be opened in rural area, that can be operated by Business Correspondents
(e) None of the above

Q3. According to the new proposal on PSL, what sub-target is to be created for Micro Enterprises in India by March 2017?
(a) 7 %
(b) 7.5%
(c) 8 %
(d) 8.5 %
(e) None of the above

Q4. Financial Inclusion means provision of -
(a) Financial services namely, payments, remittances, savings, loans and insurance at  affordable cost to persons not yet    given the same
(b) ration at affordable cost to persons not yet given the same
(c) house at affordable cost to persons not yet given the same
(d) education at affordable costs to persons not yet given the same
(e) None of the above

Q5. What is the full form of 'FINO' - a term we see frequently in financial newspapers?
(a) Financial Investment Network and Operations
(b) Financial Inclusion Network and Operations
(c) Farmers' Investment in National Organization
(d) Farmers' Inclusion News and Operations
(e) None of the above

Q6. Which of the following is not a function of the RBI?
(a) Maintaining Forex
(b) Deciding Bank Rate, CRR and SLR from time to time
(c) Opening Savings Accounts for general public
(d) Prescribing the Capital Adequancy Ratio
(e) Currency Management

Q7. The names of which of the following rates/ratios cannot be seen in financial newspapers?
(a) Bank Rate
(b) Repo Rate
(c) Statutory Liquidity Ratio
(d) Cash Reserve Ratio
(e) Pulse Rate

Q8. Ten-rupee notes contain the signature of................?
(a) Finance Secretary, GOI
(b) Chairman, State Bank of India
(c) Governor, Reserve Bank of India
(d) Finance Minister, GOI
(e) Prime Minister

Q9. Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?
(a) Ministry of Finance
(b) SEBI
(c) RBI
(d) IRDA
(e) FEDAI

Q10. For which of the following reasons RBI has decided to undertake mid-quarter policy reviews?
(1) To re-align its policies
(2) To take steps and ensure smooth flow of credit
(3) To provide guidance to the economy
(a) Only (1)
(b) Only (2)
(c) Only (3)
(d) All (1), (2) & (3)
(e) None of the above

Q11. Cash Reserve Ratio is maintained in the form of?
(a) Government Securities
(b) Balance with Reserve Bank of India
(c) Balance with State Bank of India
(d) All of the above
(e) None of the above

Q12. RBI is empowered to prescribe Cash Reserve Ratio ranging between?
(a) five per cent to twenty per cent of net demand and time liabilities
(b) RBI is empowered to vary CRR between 15 percent and 3 percent
(c) three per cent to forty per cent of net demand and time liabilities
(d) One of the above
(e) None of the above

Q13. The functions of Back office are?
(a) It verifies and settles the deals
(b) It maintains proper record of Book keeping
(c) It submits financial returns of RBI
(d) All of the above
(e) None of the above

Q14. Banks can receive deposits from customers up to a maximum period of?
(a) 10 years
(b) 15 years
(c) 20 years
(d) 25 years
(e) None of the above

Q15. Khandelwal Committee relates to study of ………….. issue in Public Sector Banks?
(a) Capital Adequacy Ratio
(b) Human Resources
(c) Branch Expansion
(d) Foreign Exchange
(e) None of the above













Solutions

1.D
2.C
3.B
4.A
5.B
6.C
7.E
8.C
9.C
10.D
11.B
12.B
13.D
14.A
15.B

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Economics Questions for Bank Exams

Q1. Other things being equal, a decrease in quantity demanded of a commodity can be caused by

(a) A rise in the price of commodity

(b) A rise in the income of the consumer

(c) A fall in the price of a commodity

(d) A fall in the income of the consumer

Q2. Which market forms allow free entry and exit of firms?  

(a) Perfect and Monopolistic

(b) Perfect and Oligopoly

(c) Oligopoly and Monopoly

(d) Monopoly and Monopolistic

Q3. The Psychological law of consumption states that  

(a) Proportionate increase in consumption is less than proportionate increase in income

(b) Increase in incomes is equal to increase in consumption

(c) Increase in consumption is greater than increase in income

(d) Consumption does not change with a change in income 

                                                                                                                                                                                               

Q4. Increase in cash reserve ratio leads to  

(a) Increase in bank credit

(b) Decrease in bank credit

(c) Constant bank credit

(d) Excess bank credit

Q5. The Phillip’s curve is the schedule showing the relationship between  

(a) Aggregate supply and demand

(b) Total saving and investment

(c) The rate of unemployment and rate of inflation

(d) Demand for and supply of loanable funds

Q6. A firm practising price discrimination will be  

(a) Charging different prices for different qualities of a product 

(b) Buying in the cheapest and selling in the dearest markets

(c) Charging different prices in different markets for the same product

(d) Buying only from firms selling in bulk at a distance

Q7. Private investment is otherwise called as  

(a) Autonomous investment

(b) Foreign institutional investment

(c) Foreign direct investment 

(d) Induced investment

Q8. The main feature of a capitalist economy is

(a) Administered prices 

(b) Public ownership

(c) Economic planning  

(d) Private ownership

Q9. Which one of the following pairs of goods is an example for joint supply?

(a) Coffee and Tea 

(b) Ink and Pen

(c) Tooth brush and Paste

(d) Wool and Mutton

Q10. Production function relates to   

(a) Costs to outputs

(b) Costs to inputs

(c) Inputs to outputs

(d) Wage level to profits

Q11. “Economics is what it ought to be” This statement refers to  

(a) Normative economics

(b) Positive economics

(c) Monetary economics

(d) Fiscal economics

Q12. The terms ‘Micro Economics’ and ‘Macro Economics’ were coined by—

(a) Alfred Marshall

(b) Ragnar Nurkse

(c) Ragnar Frisch

(d) J.M. Keynes

Q13. Which one of the following is a developmental expenditure?

(a) Irrigation expenditure 

(b) Civil administration

(c) Debt Services

(d) Grant-in-aid

Q14. Which one of the following is not a method of measurement of National Income? 

(a) Value Added Method

(b) Income Method

(c) Investment Method

(d) Expenditure Method

Q15. Labour intensive technique would get chosen in a 

(a) Labour Surplus Economy

(b) Capital Surplus Economy

(c) Developed Economy

(d) Developing Economy

    Solutions

1.A

2.A

3.A

4.B

5.C

6.C

7.D

8.D

9.D

10.C

11.A

12.C

13.A

14.C

15.A

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