1BANKING & FINANCE - 3131. What does the term Depreciation mean as used in finance/ banking operations ?

(1) Closure of a Plant due to lock out(2) Reduction in the value/loss of equipment/plant over a time due to wear and tear(3) Loss incurred during a year due to plant breakdown(4) Unusually high repair expenses incurred on the plant during the year(5) None of these

132. Inflation has become a major area of concern in India these days. What measure does the Govt,of India /RBI normally take to control the same ?A. Fixation of maximum price of the commodities.B. System of Dual prices.C. Increase in supply of food grains.D. Control on credit and liquidity in market.(1) Only A (2) Only B(3) Only C (4) Only B, C and D(5) All of these

133. Which of the following is the Regulator of the credit rating agencies in India ?(1) RBI (2) SBI(3) SIDBI (4) SEBI(5) IRDA

134. Which of the following was the industrial group whose small car plant was shifted to Gujaratdue to political expediency ?(1) General Motors (2) Hyundai Motors(3) Maruti (4) Mahindra and Mahindra(5) Tata Motors

135. Which of the following cannot be called an organized sector in India ?(1) Nationalised Banks (2) Regional Rural Banks(3) Cooperative Banks (4) Chits and Money Lenders(5) State Co-operative Banks

136. What is the full form of the term IRAC? (As used in financial- sector)(1) Internal Review and Accounting Corpus(2) Income Recognition and Asset Classification(3) Industrial Restructuring and Accounting Codes(4) Investment Rating and Asset Classification(5) India Revenue and Accounting Codes

137. Which of the following is the indicative RBI rate that is followed in recent years by banks toarrive at their individual interest rates ?(1) Bank Rate (2) Base Rate(3) Bond Rate (4) Prime Lending Rate(5) None of these

138. The first set of Fourteen Nationalized Banks were nationalized in the year(1) 1947 (2) 1955(3) 1969 (4) 1973(5) 1981

139. In India which one among the following formulates the fiscal policy ?(1) Parliament (2) Planning Commission(3) Finance Commission (4) Ministry of Finance(5) Prime Ministers Office

140. Which of the following is the Authority for regulation of the Insurance Sector in India ?(1) LIC (2) SEBI(3) RBI (4) IDBI(5) lRDA

141. Which of the following is the largest Bank in the Private sector category in India in terms ofnumber of branches/volume of business ?(1) AXIS Bank (2) HDFC Bank

2(3) ICICI Bank (4) Kotak Mahindra(5) None of these

142. Consumer loans are repaid by borrowers out of(1) Other income of the borrower(2) Income generated by the financed goods(3) Sale of goods financed(4) Return of the goods financed(5) None of these

143. The term Power of Attorney refers to(1) Power of a person(2) An authority to operate a Bank Account(3) An instrument by which a person is empowered to act for another person(4) All of these(5) None of these

144. Term LIBOR is related with which of the following ?(1) Stock market prices (2) Commodity prices(3) Sensitive Advances (4) Interest rates(5) None of these

145. What percentage of net bank credit do Foreign Banks have to land as Priority Sector advancesas per target fixed by RBI ?(1) 40% (2) 45%(3) 30% (4) 35%(5) None of these

146. Which of the following are the depositories in India handling dematerialized shares ?A. National Securities Depository Ltd. (NSDL)B. Bombay Stock Exchange (BSE)C. Central Depository Services Ltd. (CDSL)(1) Only A and C (2) Only B(3) Only C (4) Only A and B(5) All of these

147. The CRR is maintained in the form of(1) Cash balances with RBI (2) Cash balances with banks(3) Cash balances with branches of banks (4) Cash balances with banks and RBI both(5) Cash balances with IMF

148. When RBI lowers credit creation capacity of the system, i.e., increase in CRR/SLR, it is said tobe following a(1) Tight money policy (2) Easy money policy(3) Open money policy (4) Closed money policy(5) None of these

149. If a farmer avails a loan against pledge of gold ornaments for his agricultural needs, the loan inthis case would be which of the following ?(1) Classified as Gold Loan (2) Consumption loan(3) Granted as agricultural loan (4) Treated as personal loan(5) None of these

150. What does the term Kite Flying mean ?(1) Doing unauthorized business(2) Allowing indiscriminate withdrawals to borrowers(3) Permitting withdrawals against unclear effects, i.e., cheque sent in clearing or to be

sent for clearing(4) Opening of letters of credit and discounting such LCs for accommodation(5) Sanctioning large advance limits without proper Assessment

151. What is the full from of BIFR ?(1) Bureau for Industrial and Financial Rehabilitation(2) Board for Institutional Finance and Rehabilitation(3) Board for Investigation and Formal Reconstruction

3(4) Board for Industrial and Financial Reconstruction(5) None of these

152. Which are the two critical variables that generally go into Monetary planning by RBI ?(1) Demand and interest rates (2) Growth and Inflation(3) Price and supply (4) Growth and interest rates(5) Movement in money market

153. Who among the following cannot issue Commercial Paper ?(1) Fls (2) Companies(3) Primary Dealers (4) Banks(5) All of these

154. The Govt, of India has purchased RBIs stake in one of the Major Banks of India. Name thebank(1) AXIS Bank (2) IDBI Bank(3) State Bank of India (4) ICICI Bank(5) None of these

155. What do you mean by the term Underwriting ?(1) The process by which a company either in the private sector or public sector raises money(2) The process by which investment bankers raise capital from investors, with liability to

subscribe to the issue in case of need(3) The act of subscribing in a public issue by qualified institutional investors or high net worth

individuals(4) The process by which finance is arranged through private placement of shares(5) None of these

156. As per the proposal put up by the RBI, what should be the minimum capital required for openingnew banks in the private sector ?(1) Rs. 300 crore (2) Rs. 250 crore(3) Rs. 500 crore (4) Rs. 1,000 crore(5) None of these

157. What percentage of net bank credit are domestic commercial banks required to lend toAgricultural sector ?(1) 12% (2) 18%(3) 15% (4) 10%(5) None of these

158. For Open Market Operations, one of the measures taken by RBI in order to control creditexpansion in the economy involves which of the following operations ?(1) Sale or purchase of short term and long term Govt, securities(2) Issuance of different kind of bonds(3) Auction of Gold(4) To prevail upon the banks through persuasion to control credit(5) None of these

159. What is reinsurance ?(1) It is a form of insurance policy issued by banks only(2) It is a form of insurance policy issued by Govt, owned insurance companies(3) It is a form of loan against insurance policy(4) It is a insurance policy issued by IRDA(5) It is a form of insurance taken by one insurance company from another insurance

company160. What does Factoring service provided by the banks refer to ?

(1) Getting professional support for recovery of receivables(2) Companies offering help for recovery of bad debts(3) Acquiring bad debts by a company at a discount(4) Selling account receivables at a discount(5) None of these

161. Which is the latest recovery channel made available to the banks for speedy recovery of NPAsbacked by security ?

4(1) Special Bench of the Supreme Court of India(2) Action under SARFAESI Act,2002(3) Action under Bankers Book Evidence Act(4) Action under Sec, 138 of Negotiable Instruments Act(5) Foreign Exchange Management Act

162. What does BPLR stand for ?(1) Basic Priority Lending rate (2) Below Poverty Line Register(3) Benchmark Prime Lending Rate (4) Base Primary Lending Rate(5) None of these

163. Which one of the following is not an instrument of credit control ?(1) Raising and lowering of interest rates (2) Raising and lowering of discount rates(3) Targets for priority sector loans (4) Raising and lowering of CRR and SLR(5) Raising the minimum support price of agricultural produce

164. Which of the following bodies/ agencies decides the distribution of tax income between Centraland State Governments in India ?(1) Planning Commission (2) Central Law Commission(3) Reserve Bank of India (4) Finance Commission(5) Administrative Reforms commission

165. Banks report the information about the credit availed by their clients to Credit Reference Agencieson a(1) Weekly basis (2) Fortnightly basis(3) Monthly basis (4) Quarterly basis(5) Half yearly basis

166. Which of the following terms refers to conducting the affairs of an organization in such a mannerthat gives fair deal to all the stake holders ?(1) Corporate Finance (2) Carbon Credit(3) Law of Limitation (4) Corporate Social Responsibility(5) Corporate Governance

167. Which of the following organizations provides credit history of the borrowers ?(1) CIBIL (2) SEBI(3) RBI (4) IBA(5) CRISIL

168. Who among the following is vested with the duty of accepting and giving delivery of securitiesfor purchase or sale transactions in various schemes of a Mutual Fund ?(1) Asset Management Company (2) Director(3) Trustee (4) Registrar and Transfer Agents(5) Custodian

169. Loans of very small amounts not exceeding Rs. 50000 per borrower granted by financialinstitutions are recognized by which of the following names ?(1) Micro Credit (2) Loans under PMEGP scheme(3) Weaker Section Loans (4) DRI Loan(5) Personal Loans

170. Which one of the following agencies/companies is established by banks and financial institutionsfor the specific purpose of dealing in sale/purchase of distressed Assets ?(1) ARCIL (2) SHCIL(3) SEBI (4) IDBI(5) SIDBI

171. From time to time which among the following bodies publishes the Exchange Control Manualin India conforming to FEMA regulations ?(1) Foreign Trade Promotion Board (2) Ministry of Commerce(3) Reserve Bank of India (4) SEBI(5) Ministry of Finance

172. If RBI publishes in its report that Indian Forex Reserves are comfortable for 15 months, whichof the following statement gives a clear picture of Forex Reserves ?(1) India can stop import of foreign goods after 15 months

5(2) India has sufficient foreign exchange to take care of balance of payments for a period of15 months

(3) India can stop exports as it has enough foreign exchange to last up to next 15 months(4) India cannot import any goods from overseas market after 15 months as no foreign exchange

reserves will be available(5) Foreign Travellers will get foreign currency only after 15 Months

173. What is the current daily cap limit for Mobile Banking Transaction per customer notified by theRBI ?(1) Rs. 5,000 (2) Rs.50,000(3) Rs. 1,000 (4) Rs. 2,00,000(5) None of these

174. Which Act makes ample provision for the disclosure of essential information in accounts ?(1) The Companies Act (2) The Income Tax Act(3) The Contract Act (4) Negotiable Instruments Act(5) None of these

175. Which or the following is /are the components of Fiscal Deficit ?A. Budgetary deficit. B. Market borrowings.C. Expenditure from PM relief fund. D. Market borrowings and budgetary deficit.(1) Only A and B (2) Only B and C(3) Only A, C and D (4) Only B, C and D(5) All the above

176. India is a market leader and hub of, profitable outsourcing business, what are the contributoryfactors that have helped India to achieve this position ?A. Skilled Manpower. B. Knowledge of English Language.C. Abundant and cheap labour.(1) Only C (2) Only B and C(3) Only A and C (4) Only B and A(5) All the above

177. What is the major cause, which compelled adoption of Basel II norms by banks ?(1) Risk management (2) To adopt international standards of accounting(3) Transparency in disclosure (4) RBI forced all banks to control money supply(5) None of these

178. Which of the following card product launched by the banks is working on the principle of Buy-Now pay Later ?(1) ATM Card (2) Debit Card(3) Charge Card (4) Credit Card(5) Member Card

179. Which one among the following a report Greening Rural Development in India ?(1) Ministry of Environment & Forests (2) Ministry of Rural Development(3) UNEP (4) Planning commission(5) None of these

180. Consider the following statement:(i) Finance Commission was established under Article 280 of the Indian Constitution.(ii) Govt. has constituted 14th finance commission under the chairmanship of Y.V. Reddy.(iii) The operational duration for the 14th finance commission will be 2014 - 2019.Which of the above statement(s) is/are correct ?(1) (i) only (2) (ii) only(3) (ii) and (iii) (4) (i) and (ii)(5) None of these

181. Bank branches which can undertake foreign exchange business directly are known as _____ inforeign exchange.(1) Authorized dealers (2) Foreign dealers(3) Overseas branches (4) Approved dealers(5) Exchange branches

182. Insurance cover for bank deposits in our country is provided by

6(1) SBI (2) Government of India(3) GIC (4) LIC(5) DICGC

183. The Financial Literacy does not include which of the following ?(1) How to invest the funds(2) How to use the limited funds carefully(3) How to minimize the risks(4) How to reinvest the money earned(5) None of these

184. Which of the following not Social Welfare Schemes is launched by the Government of India ?(1) Mid-day Meal scheme (2) Jeevan Asha(3) Jeevan Bharti (4) Look East Policy(5) Bharat Nirman

185. Loans of very Small amounts given to low income groups is called -(1) Cash credit (2) Micro credit(3) Simple overdraft (4) No frills loans(5) Rural credit

186. When a banker talks about CDR, what is he talking about ?(1) Corporate Debt Restructuring (2) Corporate Debt Rollover(3) Company Debt Rollover (4) Corporate Deposit Restructuring(5) Company Deposit Restructuring

187. Expand the term ALM as used in Banking/ Finance sector.(1) Asset Liability Management (2) Asset Liability Maturity(3) Asset Liability Mismatch (4) Asset Liability Manpower(5) Asset Liability Maintenance

188. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related towhich of the following industries/ markets ?(1) Capital Market (2) Banking industry(3) Commodities market (4) Money market(5) Mutual fund industry

189. What is the maximum period for which domestic term deposits are normally accepted by banksin our country ?(1) 3 years (2) 5 years(3) 7 years (4) 10 years(5) 12 years

190. If you wish to purchase some U.S. Dollars for your travel abroad, you should approach -(1) The ministry of finance(2) The U.S. embassy(3) Any bank branch authorized to do such activity(4) The reserve bank of India only(5) External affairs ministry

191. What does the letter L stands for in the term LAF commonly used in financial/ economic news ?(1) Liquidity (2) Least(3) Liabilities (4) Long(5) Liquid

192. The Banking Ombudsman (1) is in charge of bank loans for buses(2) fixes the rates of interest for longs(3) resolves complaints of customers(4) issues licences for new bank branches(5) is the head of all nationalized banks

193. Which of the following is not classified as a commercial bank ?(1) Public sector bank (2) Foreign bank(3) Private sector bank (4) Regional rural bank(5) none of these

7194. Money laundering means -(1) Hiding of income source mainly avoid Income Tax(2) Money acquired through criminal source(3) Money acquired from undisclosed sources and deposited in foreign banks(4) Process of conversion of money obtained illegally to appear to have originated from

legitimate sources(5) Money acquired from drug trafficking

195. Monetary Policy as an arm of the economic policy is administered by (1) Government of India (2) Reserve Bank of India(3) State Bank of India (4) Governments of the respective states(5) None of these

196. Which of the following is not a primary function of a Bank ?(1) Granting Loans(2) Collecting Cheques/ Drafts of customers(3) Facilitating import of goods(4) Issuing Bank Drafts(5) Selling Gold/ Silver Coins

197. The 33rd Plenary Meeting of the UN General Assembly elected Nepal as a member of the Economicand Social Council (ECOSOC) for the term 2013 - 2015. Consider the following statementsregarding ECOSOC :1. It is responsible for coordinating the economic, social and related work of 14 UN specialized

agencies, their functional commissions and five regional commissions.2. It has 54 members.3. India is a member of ECOSOC4. The president of ECOSOC is elected for a two-year term.Which of the above statements are correct ?(1) 1, 2 and 3 (2) 2, 3 and 4(3) 1 and 4 (4) 1, 2 and 3(5) None of these

198. Which organization lends to governments of middle- income and credit worthy low-incomecountries ?(1) International Bank for Reconstruction and Development (IBRD)(2) International Development Association (IDA)(3) International Finance Corporation (IFC)(4) Multilateral Investment Guarantee Agency (MIGA)(5) None of these

199. The validity of Cheque is how many months ?(1) 4 months (2) 5 months(3) 3 months (4) 6 months(5) None of these

200. NPA stands for ____(1) Non performing a/c (2) Non performing adequacy(3) Non performing assets (4) Non performing adjustment(5) None of these

201. The tenure of RBI(1) 4 years (2) 3 years(3) 5 years (4) 6 years(5) None of these

202. Department of Industrial Policy and Promotion is a subordinate office of which of the followingministries ?(1) Ministry of Finance (2) Ministry of Commerce & Industry(3) Ministry of Corporate Affairs (4) Ministry of Disinvestment(5) None of these

203. What should be the minimum net worth of a bank for making a foray into the insurance sector?(1) `200 crore (2) `300 crore

8(3) `400 crore (4) `500 crore(5) `600 crore

204. The Basic Saving Accounts facility provided by the banks is aimed at which of the followingcategories of people ?(1) Corporate world (2) Senior citizens(3) Current account holders (4) Poor people(5) Government employees

205. From which of the following financial organisations of the world bank India had taken soft loan ?(1) Asian Development Bank (2) International Monetary Fund.(3) International Donors Group (4) Int. Development Association(5) Bank of China

206. Which of the following is CAPART associated with ?(1) Energy sector (2) Rural development(3) Infrastructure (4) Foreign trade(5) High-end technology

207. What does Factoring service provided by the banks refer to ?(1) Getting professional support for recovery of receivables(2) Companies offering help for recovery of bad debts(3) Acquiring bad debts by a company at a discount(4) Selling account receivables at a discount(5) None of these

208. Which of the following is the Authority for regulation of the Insurance Sector in India ?(1) LIC (2) SEBI(3) RBI (4) IDBI(5) lRDA

209. For getting the status of Maharatna company, what average business in three years has beenfixed by the Central Government for the public sector units (PSUs) ?(1) `10,000 crore (2) `12,000 crore(3) `15,000 crore (4) `20,000 crore(5) `25,000 crore

210. Bank branches which can undertake foreign exchange business directly are known as _____ inforeign exchange.(1) Authorized dealers (2) Foreign dealers(3) Overseas branches (4) Approved dealers(5) Exchange branches

211. In which of the following cities is the Bank of International Settlements (BIS) is located ?(1) New York (2) Washington(3) Basel, Switzerland (4) Davos(5) Paris

212. The DEPB programme, which was launched in 2011, is related to(1) Cross-subsidisation of petroleum products(2) Export promotion(3) Banking sector(4) Micro finance(5) Agriculture

213. PERT is a techiquee used for which one of the following ?(1) Electric Power Transmission (2) Project Management(3) Railway Safety (4) Internet(5) Banking Term

214. Which bio-metre indices are used in making AADHAR card of a person ?(1) Face and finger-prints (2) Eye and ear(3) Pupil and finger prints (4) Face and pupil(5) None of these

215. Sarva Siksha Abhiyan covers (1) All children age group 3-10 (2) All children age group 4-8

9(3) All children age group 5-15 (4) All children age group 6-14(5) None of these

216. Which of the following is not considered a money market instrumental(1) Treasury Bills (2) Commercial paper(3) Shares and bonds (4) Repurchase agreement(5) None of these

217. Indian Railway earn maximum revenue from (1) Passenger fares (2) Freight(3) Tourism & catering services (4) Fines from ticketless travelers(5) None of these

218. Sometimes we see a reference of least developed country in economic journals/papers etc.Which of the following is one of the parameters on the basis of which a country in economicparlance is labelled as least developed ?(1) Frequent changes in monetary/fiscal policies(2) No change in the government in last ten years as general elections did not take place(3) Low per capita income of a specified level and instability in agricultural/industrial

production(4) Huge losses due to natural disasters resulting in displacement of people in majority(5) Scarcity of trained/skilled manpower in the country

219. Which of the following statements about the Indian economy in the last decade is not correct ?(1) The economy of India is the fourth largest in the world with GDP of about four trillion USD

at Purchasing Power Parity (PPP).(2) Agriculture, which was a major concern for the growth of the economy, is now growing at an

average of 7% per annum.(3) A strong Balance of Payment (BOP) position in recent years has resulted in a comfortable

stock of the foreign exchange reserves.(4) India has emerged as a global leader in software and business process outsourcing.(5) Indian economy has shown a remarkable average GDP growth of 6.8% during last ten

years.220. Frequent changes in the cost of which of the following commodities at international levels push

inflation upwards ?(1) Vegetables (2) Foodgrains(3) Petroleum products (4) Milk(5) All of these

221. In economic terms, the total market value of all final goods and services produced in a countryin a given year is known as(1) GNI (2) GDP(3) Inflation (4) PPP(5) Wealth of a nation

222. Which of the following is one of the indicators of Human Development Index (HDI) ?(1) Life expectancy,education & income indices(2) Total cost of the agricultural land with a family(3) Total area of the agricultural land with a family(4) Availability of perennial source of water for irrigation(5) Nature of employment, casual/permanent or semi permanent

223. Which of the following is one of the measures of economic growth of a country ?(1) Volume of direct investment made by foreign countries(2) Number of companies listed on the stock exchanges(3) Gross Domestic Product of the nation(4) Number of foreign nationals working in a country(5) All the above

224. In India, the national income is measured on the basis of(1) Flow of goods only (2) Number of employed youth only(3) Volume of tax collected per annum (4) Earning of people working in PSUs and govt jobs(5) All of these

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225. Which of the following is a measure of non fiscal reforms Govt of India has adopted ?(1) Bringing down fiscal deficit to a particular level by an Act of Law(2) Fixing higher rate of growth(3) Allocation of more funds to job-oriented schemes(4) Allocation of more funds to provide education to children who are 6-14 years of age(5) None of these

226. Green House Gases are responsible mainly for(1) Growth of livestock population (2) Volume of foreign trade(3) Quality of agro products in a country (4) Industrial development of a nation(5) Global warming

227. Which of the following is a social development programme launched by the Govt of India forschool children ?(1) Bharat Nirman (2) ASHA(3) Kutir Jyoti (4) Mid Day Meal Scheme(5) Aadhar Yojana

228. Which of the following economic concepts is categorised on the basis of Current Account orCapital Account or both ?(1) Balance of payments (2) Value of the foodgrain stock of a country(3) Gross National Product (GNP) (4) Gross National Income (GNI)(5) Total collection of direct taxes in a year

229. Which of the following Acts is/was introduced for the purpose of sustainable growth ?(1) Water (Prevention and Control of Pollution) Act(2) Narcotics and Psychotropic Substance Act(3) Foreign Exchange Management Act(4) Banking Regulation Act(5) Prevention of Money Laundering Act

230. IAEA is an organisation which functions in the area of(1) Prevention of Money Laundering (2) Control of Foreign Direct Investment(3) Nuclear Energy (4) World Trade(5) Promoting international understanding, among the nations

231. Which of the following is the purpose of introducing Know Your Customer norms by the banks ?(1) To bring more and more people under the banking net(2) Identifying people who do not pay income tax(3) To ensure that the money deposited in banks has come from genuine sources(4) To ensure whether the money deposited in the bank is of an Indian or a foreign national(5) None of these

232. Which of the following organisations has been established mainly to promote micro, small &medium industrial sector in India ?(1) NABARD (2) SIDBI(3) IDBI Bank (4) EXIM Bank(5) All of these

233. Core industries witness lower growth in last few months -was the news in some majornewspapers recently. This means the performance of which of the following is NOT taken intoaccount for the same ?(1) Steel (2) Cement(3) Coal (4) Gem and Jewellery(5) Crude oil

234. Centre brings the curtail down on DEPB scheme was the news recently. What is the full formof the term DEPB ?(1) Developmental Enterprises Promotion Board(2) Duty Entitlement Pass Book(3) Duty Enforcement and Promotion Board(4) Development, Export and Procurement Bureau(5) Deportation and Enforced Prevention Bureau

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235. Which of the following is considered non-tax revenue of the Govt of India as projected in theUnion Budget ?(1) Income Tax (2) Custom Duty(3) Service Tax (4) Corporate Tax(5) Dividends & Profits

236. What does the letter M denote in the abbreviated term MRTP, an act which was applicable inIndia till recently ?(1) Money (2) Moral(3)Minimum (4) Monopolies(5) Market

237. Which of the following is a popular women empowerment programme in India ?(1) ASHA (2) Swabhiman(3) Mid Day Meal Scheme (4) Bharat Nirman(5) Self Help Group

238. We know that the industrial sector plays an important role in the development of India. WhichSector does not come under industrial sector ?(1) Mining (2) Manufacturing(3)Banking (4) Proceesing(5) Construction

239. What does the term AAY denote? It is the short form of a social scheme launched by the Govtof India.(1) Antyodaya Awas Yojana (2) Asian Awas Yojana(3) Antyodaya Anna Yojana (4) Area Antyodaya Yojana(5) None of these

240. Which of the following organisations of women in India has arisen out of the confluence,of threemovements labour movement, cooperative movement and womens movement based onGandhian philosophy ?(1) TISCO (2) SHG(3) AMUL (4) SEWA(5) Gramin Bank

241. The second Green Revolution being planned in India will be launched basically in eastern/north-eastern states and will be based on the production of(1) Sugarcane (2) Jute(3) Bamboo (4) Vegetables(5) Paddy/rice

242. Which of the following factors has now put a check on migration of agricultural labourers fromone place to another in India ?(1) Lack of irrigation facilities(2) Low productivity of land(3) Single-crop cultivation(4) Higher wages and availability of employment(5) Launch of MGNREGA and availability of employment opportunities locally

243. Which of the following Acts helps a bank in its day-to-day activities ?(1) Competition Act (2) Negotiable Instruments Act(3) Hindu Marriage Act (4) Hindu Succession Act(5) NRI Act

244. Lack of access to financial services is technically known as(1) Financial instability (2) Financial inclusion(3) Financial stability (4) Financial exclusion(5) Poverty

245. Which of the following is NOT one of the major functions of the National Bank for Agriculturaland Rural Development (NABARD) ?(1) Acting as a regulator for cooperative banks and RRBs(2) Extending assistance to the government and others in matters related to rural development(3) Providing refinance to lending institutions in rural areas

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(4) Acting as a coordinator in the operations of rural credit institutions(5) Review of monetary and credit policy

246. As we all know, Banks in India are required to maintain portion of their demand and timeliabilities with the Reserve Bank of India. This portion is called(1) Statutory Liquidity Ratio (2) Cash Reserve Ratio(3) Bank Deposit (4) Reverse Repo(5) Government Securities

247. Banks in their daily business face various kinds of risks. Which of the following is one suchmajor risk ?(1) Customer risk (2) Reputation(3) Goodwill risk (4) Protection risk(5) Operational risk

248. Which of the following schemes was launched by the RBI in 2004, under which Govt of Indiastated that Securities/Treasury Bills could be issued to absorb surplus/durable liquidity ?(1) RTGS (2) External Commercial Borrowing(3) Market Stabilisation Scheme (4) High value clearing scheme(5) Prepaid payment instrument facility

249. What does the letter M denote in the name MFI as used in financial sector ?(1) Mini (2) Monetary(3) Micro (4) Mega(5) Multiple

250. Which of the following is NOT a programme launched by the Govt of India ?(1) Sarva Shiksha Abhivan(2) Rastriya Krishi Vikas Yojana(3) Accelerated Irrigation Benefit Programme(4) National Rural Livelihood Mission(5) Jeevan Anand Yojana