Online Test-3 General Awareness (Banks)
- 1.Who amongst the following has written the book A Himalayan Love Story ?
- A.
Amitab Ghosh
- B.
Avijit Pathak
- C.
Namita Gokhale
- D.
Shashi Deshpande
- E.
None of these
- 2.Which of the following is the book written by Vikram Seth ?
- A.
A Tale of Two Cities
- B.
A Thousand Days
- C.
A Suitable Boy
- D.
Absolute Friends
- E.
None of these
- 3.Who amongst the following is the author of the book A House for Mr Biswas
- A.
VS Naipaul
- B.
Amit Choudhary
- C.
Anita Nair
- D.
Vikram Seth
- E.
None of these
- 4.Which of the following terms is never used in insurance sector ?
- A.
Claim
- B.
Paid-up-Value
- C.
Bonus
- D.
Tamgoble products
- E.
Kyoto Protocol
- 5.Which of the following awards is instituted by the Madhya Pradesh Government ?
- A.
Tanden Samman
- B.
KK Birla Award
- C.
Saraswati Samman
- D.
Jnanpith Award
- E.
Dronacharya Award
- 6.Which of the following is NOT a civilian award ?
- A.
Bharat Ratna
- B.
Ashok Chakra
- C.
Padma Shri
- D.
Borlough Award
- E.
Arjun Award
- 7.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’ ?
- A.
Credit Account and Service Account
- B.
Current Account and Savings Account
- C.
Commercial Accounts and Social Accounts
- D.
Core Account and Small Accounts
- E.
None of these
- 8.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
- A.
Entirely to agricultural sector only
- B.
Only to individual customers in an integrated manner
- C.
Only to ‘Self Help Groups’ for their survival
- D.
Only to big corporates and business houses
- E.
None of these
- 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 ).
- A.
It is measure to provide quick and prompt service to the customers.
- B.
The purpose of this is to bring more and more people in Income Tax network.
- C.
It is basically an ‘Anti-Money Laundering’ exercise.
- D.
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.
- E.
None of these
- 10.Which of the following types of banks/organizations are now allowed to accept Foreign Currency Deposits from NRI and Persons of Indian origin ?
- A.
Post Officers
- B.
Nationalised Banks
- C.
Regional Rural Banks
- D.
Non- banking finance companies
- E.
Cooperative Credit Societies
- 11.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.
- A.
Only A
- B.
Only B
- C.
Only C
- D.
Both A & B
- E.
All A , B & C
- 12.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.
- A.
Only A
- B.
Only B
- C.
Only C
- D.
Both A & B
- E.
All A , B & C
- 13.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.
- A.
Only A
- B.
Both A & C
- C.
Only C
- D.
Both C & D
- E.
All A , B, C & D
- 14.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
- A.
Only A
- B.
Both A & C
- C.
Only C
- D.
Both C & D
- E.
All A , B, C & D
- 15.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
- A.
Only A
- B.
Only B
- C.
Both B & C
- D.
Both A & B
- E.
None of these
- 16.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
- A.
Only A
- B.
Only B
- C.
Only C
- D.
Both A & B
- E.
All A , B & C
- 17.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.
- A.
Only A
- B.
Only B
- C.
Only C
- D.
Both A & B
- E.
None of these
- 18.Who amongst the following is the author of the book The Last Mughal ?
- A.
Pervez Musharraf
- B.
Vikram Seth
- C.
APJ Abdul Kalam
- D.
Salman Rushdie
- E.
William Darlymple
- 19.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) ?
- A.
7 %
- B.
12 %
- C.
25 %
- D.
33 %
- E.
None of these
- 20.At present Indian Rupee is
- A.
Partially convertible on current account
- B.
Fully convertible on current account
- C.
Partially convertible on capital account
- D.
Fully convertible on capital account
- E.
Fully convertible on current and capital account both
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