Online Test-3 General Awareness (Banks)

20 Questions | Attempts: 337
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  • 1/20 Questions

    The Chairman of the Bank of Maharashtra in one of his interviews to the press     had said that the Bank’s ability to raise low cost CASA  Deposits is likely to  grow further. What is the full form of ‘CASA’ ?  

    • Credit Account and Service Account
    • Current Account and Savings Account
    • Commercial Accounts and Social Accounts
    • Core Account and Small Accounts
    • None of these
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  • 2. 

    Which of the following is NOT a civilian award ?  

    • Bharat Ratna

    • Ashok Chakra

    • Padma Shri

    • Borlough Award

    • Arjun Award

    Correct Answer
    A. Borlough Award
  • 3. 

    Which of the following terms is never used in insurance sector ?  

    • Claim

    • Paid-up-Value

    • Bonus

    • Tamgoble products

    • Kyoto Protocol

    Correct Answer
    A. Kyoto Protocol
  • 4. 

    Many a time we come across a term in banking sector ‘Retail Banking’.   What does it really mean ? In simple words Retail  Banking to provide banking   services  

    • Entirely to agricultural sector only

    • Only to individual customers in an integrated manner

    • Only to ‘Self Help Groups’ for their survival

    • Only to big corporates and business houses

    • None of these

    Correct Answer
    A. Only to individual customers in an integrated manner
  • 5. 

    Which of the following types of banks/organizations are now allowed to   accept Foreign Currency Deposits from NRI and Persons of   Indian origin ?   

    • Post Officers

    • Nationalised Banks

    • Regional Rural Banks

    • Non- banking finance companies

    • Cooperative Credit Societies

    Correct Answer
    A. Nationalised Banks
  • 6. 

    We, every now and then, read in the newspapers that some banks are earning    good profits while some are not doing so well. The major part  of a bank’s    profit generally comes from which of the following   activities ?    A)Providing banking services like opening accounts, providing safe deposit       vaults, etc    B)Remittance facilities. Collecting cheques, etc    C)Interest on loans, the investment which banks make, by using money of the       depositors.       

    • Only A

    • Only B

    • Only C

    • Both A & B

    • All A , B & C

    Correct Answer
    A. All A , B & C
  • 7. 

    Which of the following statements about banking operations is CORRECT    as they help banks to run their shops ?    A)The public holds as much currency (M) as it desires to hold with it and       therefore any additional money earned by it is placed  in the form of deposits          with banks.    B)The banks lend all the deposits received by them from public up to the       minimum legal cash reserve ratio requirement  determined by the RBI. It       means banks do not keep ay excess cash reserves with themselves. C)The minimum legal cash Reserve ratio is set by the RBI.    D)Bank’s assets are only in the form of Cash Reserves and loans  and its      liabilities comprise only of the demand deposits.         

    • Only A

    • Both A & C

    • Only C

    • Both C & D

    • All A , B, C & D

    Correct Answer
    A. All A , B, C & D
  • 8. 

    The Reserve Bank of India keeps on changing correcting various   indicators/rates/ratios applicable to the banking industry. What at present   is the Statutory Liquidity Ratio (SLR) ?         

    • 7 %

    • 12 %

    • 25 %

    • 33 %

    • None of these

    Correct Answer
    A. 25 %
  • 9. 

    Many a time we read in newspapers about ‘Know Your Customers’  norms to    be followed by the banks. Why so much emphasis is paid on  KYC norms ?       (Pick up the correct statement ).    

    • It is measure to provide quick and prompt service to the customers.

    • The purpose of this is to bring more and more people in Income Tax network.

    • It is basically an ‘Anti-Money Laundering’ exercise.

    • It is an activity which allows banks to protect the indentity of its High Worth Customers so that other banks who are their competitors, cannot approach them.

    • None of these

    Correct Answer
    A. It is basically an ‘Anti-Money Laundering’ exercise.
  • 10. 

    Which of the following is the book written by Vikram Seth ?  

    • A Tale of Two Cities

    • A Thousand Days

    • A Suitable Boy

    • Absolute Friends

    • None of these

    Correct Answer
    A. A Suitable Boy
  • 11. 

    Who amongst the following is the author of the book A House for  Mr Biswas   

    • VS Naipaul

    • Amit Choudhary

    • Anita Nair

    • Vikram Seth

    • None of these

    Correct Answer
    A. VS Naipaul
  • 12. 

    As we all know, Indian Money Market is divided in three sectors,   namely organized sector, unorganized sector and cooperative sectors. Call   Money market is the part of which of the following ?     A)Organized sector       B)Unorganized sector       C)Cooperative sector      

    • Only A

    • Only B

    • Only C

    • Both A & B

    • All A , B & C

    Correct Answer
    A. Only A
  • 13. 

    Who amongst the following has written the  book A Himalayan Love Story ?   

    • Amitab Ghosh

    • Avijit Pathak

    • Namita Gokhale

    • Shashi Deshpande

    • None of these

    Correct Answer
    A. Namita Gokhale
  • 14. 

    A country can makes its exports to foreign countries cheaper with which    of the following methods ? [Pick up the correct statements(s).]    A)Reducing their domestic prices    B)Reducing the foreign exchange rate on its money (devaluing its currency)    C)Putting a ban on import of foreign goods       

    • Only A

    • Only B

    • Both B & C

    • Both A & B

    • None of these

    Correct Answer
    A. Only B
  • 15. 

    Which of the following awards is instituted by the Madhya Pradesh     Government ?

    • Tanden Samman

    • KK Birla Award

    • Saraswati Samman

    • Jnanpith Award

    • Dronacharya Award

    Correct Answer
    A. Tanden Samman
  • 16. 

    Many a time we come across a term in financial newspapers ‘Balance of   payments’. What does it really reflect ?    A)It is the statement of receipts from foreign countries and payments        made to foreign countries.    B) It is the statement of the total volume of the GDP and share of imports        in it in terms of the percentage of GDP.    C) It is the statement of total receipt of the Government and its share in        total GDP in terms of the percentage.         

    • Only A

    • Only B

    • Only C

    • Both A & B

    • None of these

    Correct Answer
    A. Only A
  • 17. 

    Who amongst the following is the author of the book The Last Mughal ?   

    • Pervez Musharraf

    • Vikram Seth

    • APJ Abdul Kalam

    • Salman Rushdie

    • William Darlymple

    Correct Answer
    A. William Darlymple
  • 18. 

    Every now and then we read in newspapers that the RBI has   revised/changed various rates like SLR, CRR, Bank Rate, etc. The    purpose of revision in various Rates/Ratios is to    A)Influence demand deposit creating power of commercial banks    B)Control inflation in the economy    C)Provoke commercial banks to lower their fee-based income          

    • Only A

    • Both A & C

    • Only C

    • Both C & D

    • All A , B, C & D

    Correct Answer
    A. Both A & C
  • 19. 

    As reported in the financial newspapers, the availability of cheap credit  abroad encouraged many companies in India to take the route of  ECBs or  “External Commercial Borrowings”. However, the Government/RBI is not in  much favour of the same, and wishes to  monitor it very closely. What is/are the  fear(s) owing to which the Govt/RBI wishes a close monitoring of the ECBs ?      A)Such borrowings result in flow in foreign currency into India. If the  flow is       not monitored  these external funds bring inflationary  pressures  on the      economy.   B)Since ECBs are foreign  currency transactions, there is always a fear  of      money laundering. Hence a close check on them is needed.   C)Govt wishes that Indians only should control Indian companies. Foreign     collaborates should not be allowed to have an upper hand on them. Hence a     close monitoring in necessary.    

    • Only A

    • Only B

    • Only C

    • Both A & B

    • All A , B & C

    Correct Answer
    A. Only B
  • 20. 

    At present Indian Rupee is  

    • Partially convertible on current account

    • Fully convertible on current account

    • Partially convertible on capital account

    • Fully convertible on capital account

    • Fully convertible on current and capital account both

    Correct Answer
    A. Partially convertible on capital account

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  • Current Version
  • Mar 21, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 29, 2012
    Quiz Created by
    Bankexamsportal
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