Banking GK Set

1.          Which among the following is correct in context with the White ATMs (Automated Teller Machines)?

(1) ATM owned by government

(2) Outsourced ATM Service by Banks- The ATM named under a brand sponsor bank but ATM machine not owned by the Bank

(3) ATMs not owned by banks but private ATM service providers

(4) ATMs owned by foreign companies

(5) All of the above

2.          Which of the following have the highest share in the distribution of credit to agriculture and allied sectors?

(1) Commercial Banks    (2) Reginal Rural Banks

(3) Co-operative Banks  (4) Indigenous Money Lenders

(5) None of these

3.          ‘Core Banking’ is not related to which one?

(1)Technology Up gradation  (2)Adoption of Basel Norms

(3) Anywhere banking(4) Everywhere access (5) All of these

4.          Which of the following countries is the largest producer of Uranium in the world?

(1)Kazaksthan (2) Australia   (3)Canada  (4) Russia (5) U.S.

5.          Tax in India proceeds which among these as percentage of gross tax has declined in last 5 years?

(1) Service Tax   (2) Corporate Tax   (3) Personal Income Tax

(4) Excise Tax            (5) None of these

6.          Which among the given financial instruments in the most volatile foreign capital?

(1) External commercial borrowing

(2) Foreign Direct Investment

(3) Loans from International Financial Institutions

(4) Foreign Portfolio Investment

(5) None of these

7.          Recently Govt. of India banned export of which commodity boosting its global prices by about 5%?

(1) Jute   (2) Cotton   (3) Pulses     (4) Wheat     (5) Zinc

8.          Which among the following is the largest source of irrigation in India, apart from rains?

(1) Canals   (2) Rivers    (3) Tanks  (4) Tube wells  (5) Wells

9.          The commercial banks are generally the largest source of finance for-

(1) Big Corporate                      (2) Small Scale Industries

(3) Public Sector Companies

(4) Self Help Groups (5) All of the above

10.      “Diet” is a joint session of the Parliament of which nation?

(1) Germany  (2) Japan   (3) Vietnam    (4) China

(5) Bangladesh

11.      New CMD of Syndicate Bank recently appointed is?

(1) Rajiv Singh           (2) M.G.Sanghvi    (3) M.V.Nair       

(4) Subroto Bagechi    (5) None of these

12.      Newly elected President of Russia is?

(1) Gennady Zyuganov  (2) Vladimir Putin  (3) Michael Sata

(4) Demetre Medvedev            (5) None of these

13.      Consider the following:

(A) Primary Sector    (B) Secondary Sector  (C)Tertiary Sector

Which among the following is the correct increasing order of contribution of the above three sectors in India’s GDP?

(1) A, B, C    (2) B, A, C      (3) C, B, A     (4) B, C, A   (5) C, A, B

14.      Which is not correct with respect to Goods and Service Tax in India?

(1) Exports will be zero rated    (2) Imports will be zero rated

(3) It will be on the basis of tax on value addition

(4) Tax revenues shared between the centre and the state

(5) None of these

15.      ‘National Science Day’ is celebrated on –

(1) 24^th January  (2) 28^th February   (3) 26^th March

(4) 22^nd June        (5) None of these

16.      RBI was nationalized in the year?

(1) 1917  (2) 1935    (3) 1939  (4) 1949  (5) None of these

17.      World Bank was established in the year?

(1) 1917      (2) 1927  (3) 1935              (4) 1944    (5) 1954

18.      Which among the following is also known as “World’s Most Translated Document”?

(1) Kyoto Protocol   

(2) United Declaration Millennium Declaration

(3) Universal Declaration of Human Rights

(4) Declaration on the Rights of Indigenous peoples

(5) None of these

19.      Which among the following public sector giants of India have recently launched “Harit – Moksha”, - a unique CSR initiative for bringing in energy efficiency in the cremation sector?

(1) NTPC     (2) ONGC    (3) BHEL (4) Oil India Ltd  (5) None

20.      Lt. Gen. Palvinder Singh Bhalla was recently appointed the head of which among the following organizations?

(1) ITBP (2) BSF     (3) NCC    (4) NSG     (5) None of these

21.      The new Passport Seva Kendra’s initiative launched by government to set up 77 such centres has been set up in the collaboration with which IT giant?

(1) TCS   (2) HCL   (3) WIPRO (4) Siemens  (5) None of these

22.      When rate of inflation increases-

(1) purchasing power of money increases

(2) purchasing power of money decreases

(3) value of money increases

(4) purchasing power of money remains uneffected

(5) amount of money in circulation decreases

23.      With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country-

(1) will        (2) Registration   (3) Nomination   (4) Indemnity

(5) Guarantee

24.      “Romancing with Life” is the autobiography of which among the following bollywood legends?

(1) Shashi Kapoor     (2) Shammi Kapoor (3) Dev Anand

(4) Rajesh Khanna   (5) None of these

25.      The country rated highest on the Human Development Index as per the UNDP, HDI-2011 report is-

(1) Sweden (2) Norway   (3) Iceland    (4) New Zealand

(5) None of these

26.      Which among the following neighbors of India is not a member of World Trade Organization?

(1) Sri Lanka  (2) Myanmar   (3) Bhutan   (4) Nepal

(5) Bangladesh

27.      In context with Banking in India, what is the difference between liquidity adjustment facility – repo rate and marginal standing facility rate?

(A) Under Repo rate banks can borrow above SLR Requirements, under MSF, Banks can borrow within SLR requirements.

(B) Under Repo, banks can borrow upto 5% of net demand and time liabilities, under MSF, they can borrow up to no limit.

(C) Both are long term lending rates of RBI.

Choose the correct option:

(1) Only (A) is correct             (2) Only (B) is correct

(3) Only (C) is correct             (4) Only (A) & (B) is correct

(5) All (A), (B) & (C) are correct

28.      Which among the following in India can use “Repo Bonds” to raise short term money markets?

(A) Commercial Banks  (B) Corporate   (C) Government

Choose the correct option:

(1) Only (A)               (2) Only (A) & (B)   (3) All (A), (B) & (C

(4) Only (B)               (5) Only (C)                                                                                                              

29.      It has been generally viewed that when an economy grows beyond its potential growth rate, it causes inflation. How does growing faster than the potential rate cause inflation?

(1) Fast growth causes quick resource utilization to fulfill the higher demand

(2) Fast growth causes more employment opportunities which leads to rise in prices.

(3) Fast growth causes more productivity which leads to higher supply and cost push inflation

(4) All of the above mentioned reasons

(5) None of these

30.      As per the model code of conduct for the guidance of political parties and candidates by Election commission of India they can’t hold public meetings during the period of _____ hours ending with the hour fixed for the close of the poll.

(1) 12           (2) 24     (3) 36    (4) 48     (5) None of these

31.      In India, National Voter’s Day is celebrated on-

(1) December 25       (2) January 25    (3) February 25

(4) March 25           (5) June 14

32.      Which among the following correctly denotes the Primary Deficit?

(1) Revenue expenditure – Revenue Receipts

(2) Sum of the net increase in holdings of treasury bills of the RBI and its contributions to the market borrowing of the government

(3) Budgetary deficit + Government market borrowings and liabilities

(4) Fiscal Deficit – Interest Payments

(5) None of these

33.      What does IFSC stands for-

(1) International Financial System Code

(2) Indian Financial System Code

(3) International Financial System coding

(4) Indian Financial System course

(5) Israel Financial Services Centre

34.      Which among the following is known as Gresham’s law?

(1) Good Money (if not limited in quantity) drives out bad money out of circulation

(2) Bad Money (if not limited in quantity) drives out Good money out of circulation

(3) Good money (if limited in quantity) drives out bad money out of circulation

(4) Bad Money (if limited in quantity) drives out Good Money out of circulation

(5) None of these

35.      Which distinguished India-born professor of Biology at the University of Massachusetts in Boston, will receive the Gummerus Sustainability Award from the Royal Norwegian Society of Sciences and Letters (DKNVS) at a function in Trondheim, Norway on April 17, 2012.

(1) Birbal Sahni         (2) Kamal Bawa  (3) Pranav Mistry

(4) K. Radhakrishnan     (5) None of these

36.   Which of these is the Capital of the newly constituted country South Sudan?

             (1) Abel  (2) Juba(3) Jongli (4) Bahral Ghazal (5)None of these

37.   Venue of ‘FIFA World Cup 2022’ is-

            (1) Russia(2) Brazil(3) Qatar(4) France(5) Argentina

38.       ICVL which was in news stands for-

(1) International Coal Ventures Limited

(2) International Coal Vendor Limited

(3) International Coal Venture Limited 

(4) Internal Coal Venture Limited       (5) None of these

39.    Banks opened in Special Economic Zones in India comes under which of the following?

          (1) International Banking

          (2) Domestic Banking        (3) Offshore Banking

(4) National Banking                (5) None of these                             

40.    Which among the following countries has the largest reserves of natural gas in the world?

          (1) Australia               (2) United States    (3) Saudi Arabia

          (4) Russia                   (5) China

Answer

Q	A	Q	A	Q	A	Q	A
1	3	11	2	21	1	31	2
2	1	12	2	22	2	32	4
3	4	13	1	23	3	33	2
4	1	14	2	24	3	34	2
5	4	15	2	25	2	35	2
6	4	16	4	26	3	36	2
7	2	17	4	27	1	37	3
8	4	18	3	28	2	38	1
9	2	19	2	29	1	39	3
10	2	20	3	30	4	40	4