banking awareness questions

8/13/2019 banking awareness questions

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BankingAwareness Questions- Practice Set 1

When RBI was nationalized? 1 jan 1949

RBI is a __________ Body? statuory

What is the emblem of RBI? Panther & palm tree

RBI established on the recommendation of ____________ commission. Hilton young

____________ is the largest public sector bank in india. State bank of india

Where is the headquarter of RBI? Mumbai

imperial Bank of India was established on the year _______. 1921

State Bank of India Act passed in? 1955

Presently SBI has ______ associate banks. 5

SBI is the largest bank in India with branch network of __________ 26500

With you all the way slogan of which bank? SBI

State Bank of Indore was merged with SBI in the year? 2010

State Bank of India was previously known as _____________ IMPERIAL BANK OF INDIA

Firs Presidency bank was established on _____________ in ____________. 1806, CALCUTTA

Where is the headquarter of SBI? MUMBAI

In which year Hilton- Young Commission submitted its report? 1926

Who is authorized to issue currency in India? RBI

Reserve Bank of India was established in __________. 1 APRIL ,1935

When did the head quarter of RBI was shifted from Kolkata to Mumbai? 1937

RBI was initially started with capital worth ____________. 5 CRORES

Banking Awareness Questions- Practice Set 2

1 First Governor of RBI was a) Hilton Young b) Paul Samuelson c) C.D.Deskmukh d) O.A Smith

2 At the time of nationalization who was the Governor of RBI- a) O.A Smith b) J.B Taylor c) C.D.Deshmukh d) K.C.Neogy

3 The RBI was nationalized in the year a) 1949 b) 1956 c) 1959 d) 1947


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4 The general superintendence and director of the bank is entrusted to central board of directors of a)10 members b) 20 members c) 25 members d)30 members

5 Paper currencies of our country are issued by RBI under a) Section- 22 of the RBI act -1934 b)Section- 24 of the RBI act -1934 c) Section- 28 of the RBI act -1934 d) None of these

6 One rupee currency notes bear the signature of - a) PM b) President of India c) Governor of RBI d)Finance Secretary of India

7 Ten rupees notes bear the signature of a) President b) Finance Minister c) Secretary of Ministry offinance d) Governor of RBI

8 Which of the following is the banker of the banks a) IDBI b) SBI C) RBI d)UTI

9 In which of the following banks one cant open a personal account a) Co-Operative Banks b)Commercial banks c) Regional Rural Banks d) RBI

10 Which of the following banks is the banker to the government a) SBI b) SEBI c) RBI d) IRDA

11 Which of the followings are the function of RBI a) Regulation of currency and flowing of creditsystem b) Maintaining exchange values of rupee c) Formulating monetary policy of India d) All of these

12 Credit rationing in India is done by a) SBI b) LIC c) UTI d) RBI

13 The first bank of India was a) Bank of Hindusthan b) Imperial Bank c) Bank of Bengal d) OudhCommercial Bank

14 The first Indian fully liability and managed bank was a) PNB b) Traders Bank c) SBI d)0 Presidency

Bank of India

15 The rates at which the RBI extends credit to the commercial bank is called a) Bank Rate b) ReverseRepo Rate c)Interest Rate d) None of these

16 In which of the following is not the any element of monetary policy of RBI a) Bank rate b) OpenMarket Operation c) Public Expenditure d) All of these

17 100 rupees note bears the signature of a) Governor of RBI b) PM c) Finance Secretary of India d)Chairman of Finance Commission

18 Which of the following is the last lender of the last resort of commercial bank- a) SBI b) Union Govt. c)RBI d) UTI

19 The RBI is agent of central government and of all state government except a) Bihar b) Goa c) Jammuand Kashmir d) Mizoram

20 Controller of credit of commercial banks in our country is a) RBI b)SEBI c) ICI d)UTI

21 The Banking Concept in India was first developed by a) British b) French c) Indian d) None of these


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22 The rate at which RBI gives short term credit to the commercial banks against government securitieswith buy back provision is called a) Bank Rate b) Repo Rate c) Reverse repo rate d) Interest rate

23 The rate at which RBI takes loans from commercial banks is called a) Repo Rate b) Reverse RepoRate c) Bank Rate d) Interest Rate


Bank rate of RBI is also known as a) Interest Rate b) Discount Rate c) fed rate d) bid rate

Which of the following is not the any element of quantitative credit control policy of RBI a) CRR b) SLRc) Selective credit control d) open market operation.

At present CRR of RBI is a) 6% b) 7.5% c) 8.5% d) none of these

The limitation of CRR of RBI is a)3-10 % b) 3-15% c) 15-38% d) 10-25%

The apex organization of Indian money market is a)SBI b) SEBI c) RBI d) IRDA

If the cash reserve is lowered by RBI, what will be its effect on credit creation -a) Decrease b) Increase c)No Change d) None of these

The expansion of money supply of an economy depends on a) The policy of CRR b) The bank ratepolicy c) Open market operation d) All of these

Among the following who are eligible to benefit from the Mahatma Gandhi National Rural EmploymentGuarantee Act? a) Adult Members of only the scheduled caste and scheduled tribe holders b) Adult ofbelow poverty line household c) Adult members of household of all backward community d) adultmembers of any rural household e) None of these

Which of the following banks merged with Punjab national banks in 1993 a) New bank of India b)Central Bank of India c) Imperial Bank of India d) Common bank of India

A currency, the exchange values of which is expected to remain stable due to strong performance by its

economy. This currency is a) Soft Currency b) Hot currency c) Fiat currency d) None of these (HardCurrency)

The Reserve Bank of India issues under the following note issue method? a) Proportional ReserveSystem b) Minimum Reserve System c) Maximum Reserve System d) Fixed Fiduciary System

What is a Scheduled Bank? a) A bank having Rs 10 Crore deposits b) A bank having Rs 100 Croredeposits c) A bank having Rs 5 Crore deposits d) A bank included in the second schedule of RBI act 1934.

How many languages are used on a Ten Rupee note? a) 2 b) 7 c) 10 d) 15 e) 16


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The place where bankers meet and settle their mutual claims and accounts is known as a) Treasury b)Clearing House c) Dumping House d) Collection centre

The largest Public sector bank in India -a) SBI b) PNB c) RBI d) ICICI

Which of the following is not the function of RBI a) Bankers bank b) Banker to public c) custodian offoreign exchange d) Bankers to Govt.

Who is responsible for the collection and publication of monetary and financial information- a) FinanceCommission b) Finance ministry c) RBI d) Auditor and Comptroller general of India

Which of the following regulatory authority to oversee the new issues, protect the investment andinvestors, promote the development of Capital Market and regulate the working of Stock Exchange a)UTI b) IRDA c) RBI d) SEBI e) None of these

After a long span of 22 years, RBI released Rs.1000/- currency note for circulation in a) 2000 b) 2002 c)2005 d) 2008

Regional Rural banks are working in all states of the country except a) Sikkim and Goa b) Sikkim andManipur c) Manipur and Nagaland d) Jammu and Kashmir

The National Housing Bank is a subsidiary of a)RBI b) NABARD c)IDBI d) UTI

At present the ceiling of Foreign Direct Investment (FDI) in insurance sector in India is a) 26% b) 49% c)51% d) 74%

Rs. 25 Paisa was ceased by the Govt of India on a) 30th june 2011 b) 30th July 2011 c) 1st January 2011d) 1st July 2011

Initial Public Offering (IPO) is associated with a) RBI b) Stock Exchange c) IRDA d) Indian Postal Service

The Basic regulatory authority for mutual funds and stock markets lies with the a) Government of Indiab) Reserve Bank of India c) Securities and Exchange Board of India (SEBI) d) Stock Exchange


Monetary policy Referes to the policy of a) Money Lenders b) Government c) Commercial Banks d) RBI

Controller of credit of commercial banks in India is -a) SBI b) SEBI c) RBI d) ICICI e) UTI

First Bank in India with full liability and managed by Indian was a) Bank of Hindusthan b) AllahabadBank c) Punjab National Bank d) Traders Bank

Bank of Calcutta was established in a) 1801 b) 1806 c) 1809 d) 1843

The rate at which RBI takes loans from commercial banks is known as a) Repo rate b) Reverse RepoRate c) bank rate d) Interest rate


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Initially, at the time of establishment of Reserve Bank of India, the headquarter of RBI was situated in a) Mumbai b) Delhi c) Kolkata d) Madras

Bank of Bengal, Bank of Bombay, Bank of Madras were also known as a) Presidency Banks b) TradersBank c) Imperial Banks d) None of these

The imperial bank of India was converted to State Bank of India on 1st July 1955 on the basis ofrecommendation made by - a) All India Rural Credit Survey Committee b) Mudalliar Committee c) AbidHusen Committee d) None of these

First report of Narasimham Committee was submitted in a) 1991 b) 1998 c) 1995 d) none of these

The second report of Narasimham Committee regarding Indias Banking Sector reforms submitted in a)1991 b) 1998 c) 1997 d) 2008

Which committee had recommendation to reduce the value of SLR and CRR a) NarasimhamCommittee b) Chakraborty Committee c) Ranjarajan Committee d) None of these

When face value of currency is higher than internal values- this currency known as a) Fiat Currency b)Soft Currency c) token currency d) hard currency e) None of these

When a currency is enforced by law it is known as -a) Fiat Currency b) Soft Currency c) token currency d)hard currency e) None of these

In the Dear Money Policy of RBI a) Money supply is raised by reducing the value of Bank Rate b)Money supply is reduced by increasing the value of Bank Rate c) Money supply is increased by increasingthe value of Bank rate d) money supply is reducred by increasing the value of bank rate

In which country some federal banks act as the central bank being united a) USA b) UK c) China d)Germany

Bank of International Settlement was established in a) 1930 b) 1935 c) 1940 d) 1945

Deposit Insurance corporation, a fully subsidiary of RBI, was established by RBI in a) 1962 b) 1965 c)1970 d) 1978

Presently the monetary policy of RBI is based on the recommendation of a) Chakraborty Committee b)Narasimham Committee c) Abid Hused Committee d) Kelkar Committee

A currency whose exchange rate tends to fall because of persistent balance of payment deficit is knownas a) Hard currency b) Soft Currency c) Gold Currency d) Sinking Currency

Modernised Currency notes presses in India are located in a) Mysore in Karnataka b) Salboni in WestBengal c) Hyderbad in Andhrapradesh d) Both a and b


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We often come across the term Production Sharing Contract (PSC) in financial news these days. PSCrefers to sharing of output with the government by companies, public sector as well private ones, inwhich sector? a) Fertiliser b) Food Processing c) Telecoms 4) Petroleum 5) None of these

Which public sector bank completed the acquisition JSC Daba Bank of Kazakhstan recently? a) DenaBank b) Canara Bank c) PNB d)Bank of India e) None of these

The apex body in Insurance sector in India is a) SEBI b) RBI c) Ministry of Finance d) IRDA e) None ofthese

Which of the following has become the first state to sign a MoU with Ministry of Statistics andProgramme Implementation under the state statistical strengthening project (SSSP) that will aim atbuilding at statistical capacity and infrastructure recently? a) Uttar Pradesh b) Karnataka c) Kerala d)Tamil Nadu 5) None of these

Life insurance corporation of India was created in which year? a) 1st September 1956 b) 1st January1956 c) 22nd November 1972 d) 1st April 1949

Cairo Programme of Action (POA) refers to which of the following ? -a) Vaccination b) Adult Literacy c)Food Security d) Population control e) None of these

Industrial Development Bank of India (IDBI) was established in which year ? a) 1956 b) 1964 c) 1982 d)1988

Which of the following has/have been selected as the sole fund manager by the Employees ProvidentFund Organisation (EPFO) to manage its corpus of about Rs. 3.5 Lakh recently? a) State Bank of India b)ICICI Prudential c) HSBC d) Reliance Capital e) none of these

What is the objective of the central registry launched under the provision of the SARFAESI Act 2002,recently? a) To Prevent leakage of funds in delivery of central government sponsored rural employmentschemes b) To prevent tax evasion by Indians by keeping track of large transactions in the bankingsystem. c) To prevent frauds in loan cases involving multiple lending from different banks on the sameasset d) To ensure timely delivery of agricltural credit under priority sector norms by Public Sector Bankse) None of these

Rabobank has received the Reserve Bank of India approval to set up its first branch in India recently. It is

a bank headquartered in which country? -) France b) Belgium c) Britain d) Netherlands e) None of these

Justice Wadhwa Committee is reviewing the functioning of which of the following? a) Mid-Day mealprogramme b) Public distribution system c) Rashtriya Swasthya Bima Yojna d)Indira Awas Yojna e) Noneof these

Which of the state was in news for passing a Bill for regulating Micro Finance Institutions recently? a)Tamil Nadu b)Bihar c) Karnataka d) Andhra Pradesh e) None of these


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The ministry of New and Renewable Energy has decided to tie- up with which country to tap the lattersexpertise in exploiting geo-thermal energy resources recently? a) South Africa b) Iran c) Iceland d) Bolviae) None of these

In which year National Housing Bank was established? a) 1998 b) 1988 c) 1978 d) 1982

The pension fund regulatory and development authority (PFRDA) has taken which of the followingdecision to popularize the New Pension System (NPS) recently? a) It has increased government subsidyfor NPS deposit holders b) It has increased distributors commission. c) It has allowed prematurewithdrawal d) It has increased the interest rate on NPS deposits

The general insurance business in India was nationalised by Government of India in which year ? -a)1971 b) 1972 c) 1982 d) 1956

What is meant by recent news reports saying - Indian Rupee is appreciating? I. The purchasing powerof the Rupee in India has declined II. The Exchange rate of Rupee in India has gobe up III. The purchasing

power of the Rupee in India has gone up

a) I Only b) II only c) Both II and III d) III only e) None of these

GRIHA rating system is used for which of the following? a) Cement b) NBFCs c) Buildings d) Gold e)None of these

Which of the Public Sector Companies Sold Gold coins and Silver ornaments under the trademarkSanchi ? a) Rate Earths Ltd b) Minerals and Metals Tradng Corporation (MMTC) c) State TradingCorporating (STC) d) National Minerall Development Corporation (NMDC) e) None of these

General Engineering Appraisal Committee (GECA) recently gave its approval for field trials of agenerically modified variety of which of the following cash crops? a) Coconut b) Rubber c) Pepper d)Cardamom e) None of these

What does the word remittances, a word we often come across in newspaper article on Foreignexchange reserve, refers to a) Money transfer by a Migrant worker to their home country b)Postponement of Payment to the IMF c) Donation by Individuals to a charity d) Taxation obligation ofdeveloping countries

What is the objective of the National Mission for Electric Mobility launched recently ? a) Promoting theuse of Battery operated vehicles b) Prmoting the use of energy savings devices c) Promoting the

replacement of diesel by electric locomotives in Indian railway d) Promoting the spread of mobileservices in Rural Areas in India

Which state in India has launched the Jeevandhara programme to provide quality medicines at

affordable prices to the poor recently ? a) Andhra Pradesh b) Gujrat c) Maharastra d) Rajasthan e)none of these


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What is the objective of India Smart Grid Forum (ISGF)? a) To Promote R and D collaboration betweenuniversities and industry b) To promote energy efficiency in power sector c) to promote the use of Non-renewable source of energy d) To promote higher education using Broadband.

Which of the following became the Indias first bank to facilitate payment of Income tax using ATM

recently? a) State Bank of India b) Union Bank of India c) Punjab National Bank d) Canara Bank

The government had approved the creation of posts of Indirect Tax Ombudsmen in several citiesrecently? I. It will be set up in Seven Cities II. It will examine public complaints on Income Tax mattersIII. It will have the powers to give settle claims and give awards to the aggrieved parti es

a) I only b) II Only c) II and III Only d) I and III Only

Which of the following statement is/are correct about the distribution of Central Financial Assistance tostates? I. Central Financial Assistance for States is calculated according to the Gadgil Formula b) Thehighest weightage is given to the per capita income of the state III. The lowest weightage is given to the

population of the state.

a) I Only b) II only c) I and II only d) III only

The all india federation of Horological Industries represents the Interest of Which of the FollowingSectors? a) Watch b) Horticulture c) Gems and Jewelery d) Pharmaceuticals e) None of these

The abbreviation EAG States mentioned in the Census 2011 referes to which of the following? a)Eligible Action Group States b) Economically Advancing Group States c) Empowered Action Group Statesd) Empowered Advancing Group States

Power produced from which of the following sources has the highest share in Indias annual power

generation capacity? a) Hydro b) Coal c) Gas d) Nuclear e) None of these


How many commercial Banks are functioning in India as per the Statistical Tables Relating to the Banks

in India 2009-2010' unveiled by the RBI in march 2011? -a) 135 b) 167 c) 193 d) 256 e) None of these

What is the share of private expenditure on health the total health report of the world healthorganization released recently? a) 12% b) 37% c) 72% d) 46% e) None of these

The headquarter of Punjab National Bank is at a) New Delhi b) Mumbai c) Kolkata d) Punjab e) None ofthese

Which of the following are not listed on stock exchanges in India? - a) Fertiliser Companies b) NBFCs c)Insurance Companies d) Air lines

The current Base Rate of RBI? a) 5.5 % b) 6% c) 8.5% d) 7% e) None of these


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Which of the following had the highest share of bank credit (occupation-wise) as on March 31,2009according to a RBI report released recently? a) Agriculture b) Industry c) Trade d) Transport e) None ofthese

BHAVANI is a public sector company in which sector? a) Shipping b) Metals trading c) Space d) Nuclear

energy e) None of these

Who was the governor of RBI who represented India in Bretton wood negotiations in 1944? a) O.ASmith b) C.D Deshmukh c)Duvvuri Subbarao d) Manmohan Singh e) None of these

Which of the following has become the first state in India to announce a monthly allowance tounemployed under-graduates recently? - a) Goa b) Kerala c) Tamil Nadu d) West Bengal e) None of these

Which of the following statements about the Indian Economy in 2050 as [er recent report by PriceWaterhuse Coopers (PWC) is/are true? I. Indias GDP in Market Exchange Rate (MER) terms will be thefourth highest in the world in 2050. II. Indias GDP in Purchasing Power Parity(PPP) terms is the second

highest in the world in 2050. III. Only China will be ahed of India in both MER and PPP in 2050.

a) I only b) I and II only c) II and III only d) II only e) None of these

Pratip Chaudhuri is the Chairman and Managing Director of which Commercial Bank in India a) UBI b)PNB c) SBI d) Bank of Baroda e) None of these

What should be the solar energy in states total power tarrif policy recently? a) 1% b) 2% c) 3% d) 4% e)None of these

Which of the following about the FDI in retail sector is/are correct? - I. 100% FDI is permitted in coldchain through automatic route. II. 100% FDI is permitted in wholesale cash and Carry. III. Upto 33% FDI ispermitted in single brand retail.

a) I only b) I and II only c) III only d) I,II and III All Correct e) None of these

Currently the total number of SBI Associate Bank working? a) Eight b) Seven c) Six d) Five e) Four

ING Group is originally belongs to which country? a) Great Britain b) Netherlands c) South Africa d)Japan e) None of these

Standard Bank is originally belongs to which country? a) Great Britain b) Netherlands c) South Africa d)Japan e) None of these

The Nation banks on us is a business tagline of which commercial bank in India? a) Punjab NationalBank b) UBI c) Bank of Baroda d) SBI e) None of these

The Bombay Stock Exchange launched the BSE TASIS Shariah 50 a stock index that is compliant withShariah- recently. The index cannot invest in shares of companies in which of the following sector? I.Banking II. Cement and Steel III. Alchohol and Tobacco products


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a) I only b) II only c) I and III only d) III Only e) None of these

The first nationalized bank in India? a) SBI b) RBI c) PNB d) UBI e) None of these

Which of the following has decided to enter the nuclear power sector following an agreement with theNuclear Power corporation recently? a) Tata power b) NHPC c) ONGC d) Indian Oil e) None of these

Which of the following bank has launched the Bank on Bike initiative to cover villages untouched by

banking facilities so far, recently? a) PNB b)Bank of India c) Bank of Baroda d) SBI e) None of these

Which of the following is the oil exploration and production company operating in Siberia and owned bythe ONGC? a) Venture Production b) Regal petroleum c) Imperial energy d) Enterprise Oil e) None ofthese

Government has decided provide equity support to public sector banks to raise its holdings to a) 58%b) 55% c) 62% d) 68% e) None of these

Which of the following is not covered under the compulsory labeling programme of the Bureau ofEnergy Efficiency (BEE) ?- a)Air Conditioner b) Geysers c) Refrigerators d) Distribution Transformers e)None of these

The headquarter of Allahabad Bank is at a) Allahabad b) Lucknow c) Kolkata d) New Delhi e) None ofthese

Which foreign banks publishes the monthly Purchasing Managers Index (PMI) that measures the healthof manufacturing sector in India and based on a survey of top 500 companies? a) HSBC b) BarclaysBank c) Citi Bank d) Sanchart Bank e) None of these

The Banking Laws (amendment) Bill 2011 was tabled in Parliament recently. Which of the followingstatements is/are correct as per current policy? I. At present promoter and shareholders of privatebanks cannot exercise voting rights in proportion to their shareholding II. Voting rights of a non-government shareholders in nationalized banks cannot exceed 5% irrespective of the size of hisshareholding. III. Voting rights of a shareholder in private sector banks cannot exceed 10% irrespectiveof the size of his shareholding

a) I Only b) I and II only c) I and III Only d) III only e) None of these

The headquarter of Bank of India is at a) Kolkata b) Baroda c) New Delhi d) Mumbai e) None of these

In 2010 which of the SBI Associates Bank was merged with the mother bank SBI? a) State Bank ofSaurastra b) State Bank of Indore c) State Bank of Bikanir d) State Bank of Jaipur e) None of these

Tax on short term capital inflows is named after which Nobel Laureate in economics? a) Gary Becker b)James M. Buchanan c) James Tobin d) Myron Scholes e) None of these


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Anushakti Vidhyut Nigam Ltd was incorporated as a joing venture between Nuclear power Corporationof India lts and which of the following recently? a) NMDC b) NHPC c) BHEL d) NTPC e) None of these

Which of the following become the first oil and gas company to find shale gas deposits in India recently? a) Reliance Industries Lts. b) Cairn India c) Essar Oil d) ONGC e) None of these

Which countrys gold output of 340.88 tonnes was the highest in th e world in 2010? a) India b) Canadac) China d) USA e) South Africa

Infant Mortality Rate data for high focus states (states where IMR is above natinal average) is collectedonce every five years. The Union health Ministry has now decided to collect such data __________ a)Half- yearly b) Annually c) once every two years d) once every three years e) None of these

The term round - tripping often appears in financial news these days. What does it mean? a)Importing products that are not easily available in the domestic markets. b) Indian companies re-exporting imported products without any value addition. c) Bringing back illicit money hidden abroad byIndians under a different name d) Imposing high customs duty to discourage dumping goods in IndianMarket e) None of these

China emerged as the second largest economy of the world overtaking ___________ ? a) France b)Britain c) Germany d) Japan e) None of these

Which of the following was founded in 1956 by the Government of India with funding from the FordFoundation? a) National Institute of Public Finance and policy b) National Institute of Bankmanagement c) National Council of Applied Economic Research d) National Institute of Financial

Management e) None of these

CARINGS has been launched by Ministry of Women and Child Development to a) Improve genderparity b) reduce infant mortality c) facilitate adoption d) Improve child immunization e) None of these

The Union Cabinet has approved amendments in the Coinage Bill 2009 that seeks to amalgamate fourexisting acts relating to coinage recently. Which of the following acts is the oldest? a) The IndianCoinage Act b) The Small Coins (Offenses) act. c) The Medal Token Act d) The Bronze Coin (Legal Tender)act e) None of these

Which of the following is not a hedge fund? a) Gartner b) Highbridge c) D.E Shaw d) Magellan e) None

of these

Which of the following organization has introduced a new tool named Data Ware Housing and BusinessIntelligence System (DWBIS) for speedy analysis of data and identification of violations? a) IRDA b) SEBIc) RBI d) TRAI e) None of these

The government has introduced three new consumer price indices CPI (Rural), CPI (Urban), CPI(Combined)- with 2010 as the base year recently. Which of the following is not among the five major


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commodity groups covered in the indices? a) Food, beverages and tobacco b) Fuel and light c)Education and schooling d) housing e) None of these

What was the share of the priority sector lending in lending by commercial banks as on March 31, 2010as per the Statistical Tables Relating to Banks in India 2009 -2010' report unveiled by the RBI recently?

a) 31% b)24 % c) 16% d) 36 % e) None of these

Which foreign banks in India has the highest no of employee working in India? a) HSBC b) Royal Bankof Scotland c) Standard Charterd Bank d) Citi Bank e) None of these

The Rashtriya Krishi Vikas Yojana (RKVY) will be implemented in the coming years (2011-2012) with abudget of Rs. 7860 crore and nine sub-schemes. Which of the following sub-schme refers to livestockdevelopment, dairy farming and fisheries? a) Rainfed Area Development Programme b) NationalMission for protein suppliements c) Promotion of Oil Palm d) Accelerated Fooder DevelopmentProgramme e) None of these

Which of the following does not come under the defination of Scheduled Commercial Banks in India? a) Scheduled State Co-Operative banks. b) Scheduled Urban Co-Operative banks. c) Regional Rural banksd) None of the above

Which of the following has the highest no of commercial bank branches in India s on March 31, 2010 asper the Statistical Tables Relating to Banks in India 2009 -2010' report unveiled by the RBI recently? a)UP b) MP c) Maharastra d) AP e) TN

Which of the following has the highest number of branches in country as per the Statistical TablesRelating to Banks in India 2009-2010' report unveiled by the RBI recently? a) Rural b) Semi- Urban c)Urban d) Metropolitan e) None of these

Which bank has announced an end to its teaser home loan scheme recently? -a) Bank o India b) UBI c)HDFC d) SBI e) None of these

The government has decide to set up an inter-ministerial group chaired by Planning Commissionmember Arun Maira to examine the issue of Imposing restrictions on FDI in pharmaceutical industry.How much FDI is permitted currently? a) 100% b) 51% c) 49% d) 33% e) None of these


Which of the following has launched the TransUnion Score that will indicate credit -worthiness of

consumers applying for loan from Banks? a) Experian Credit Information Co b) Credit InformationBureau Ltd. c) Indian Credit Rating Agency d) Equifax Information services

Which bank has announced an end to its teaser home loans? a) HDFC b) SBI c) ICICI d) UBI e) None ofthese

Who is the Director of RAW (Research and Analysis Wing)? a) A.P Singh b) Nichal Sandhu c) SanjeevTripathi d) N.R Das


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The Government has decided to set up an inter-ministerial group chaired by Planning Commissionmember Arun Maira to examine the issue of imposing restriction on FDI in pharmaceutical industry. FDIis permitted currently ? a) 26% b) 51% c) 100% d)65%

Which of the following is the criterion for allocation of food grains under the Public Distribution System

(PDS) to below poverty line (BPL) families? Same quantity of food grains is given to every BPL family

How much was the net foreign Institutional Investor investment in Indian Stock market in 2010-2011according to SEBI? a) Rs. 0.76 Lakh Crore b) Rs. 0.95 Lakh Crore c) Rs.1.46 lakh crore d) Rs. 1.17 lakhcrore

The government has launched Service Discharge Benefit Scheme for over 2.7 lakh employee of which

organization recently? a) Department of Telecom b) Indian Army c) Department of Posts d) IndianRailways

Accredited Social Health Activists (ASHAs) in which state are known as Mitanins? a) Jharkhand b)

Rajasthan c) Chattishgarh d) Odisha e) None of these

Health and Wellness Tourism Advantage India, a study that offers a 10 points prescription to boosthealth and wellness tourism in India, is a joint initiative of Yes Bank and ___________. a) MCI b) FICCIc) IMA d) CII

Montek singh ahluwalia recently awarded with which award? a) Padmabushin b) Padmashree c)Janpeet Award d) Magasasay Award

Kimberley Process certificates are compulsory for trade in which of the following? a) Diamond b) Goldc) Radioactive materials d) All of the above e) None of these

The Foreign Contribution Regulation Act (FCRa) 2010 came into effect from May 1, 2011. Which of thefollowing statements is/ are correct? I. Organizations of political nature can receive foreign funds onlyafter prior clearances from the government. II. Organizations that receive foreign funds will have torenew their registration once every three years. III. Banks will have to immediately report to thegovernment about all foreign funds exceeding Rs. 10 Lakh.

a) I only b) II Only c) III Only d) I and II only e) None of these

Who is the present Cabinet Secretary? a) A.K Seth b) Vinod Rai c) A.K. Sen d) Jahar Sarkar e) None ofthese

The Reserve Bank of India has increased the amount of money that can be loaded on mobile that can beloaded on Mobile Phones (Mobile Wallet) to __________ from the existing limit of Rs. 5000 recently. a) Rs. 50,000 b) Rs. 15,000 c) Rs. 25,000 d) Rs. 10,000 e) None of these

Who is the present leader of opposition in Lok Sabha? a) Arun Jaitley b) Sushma Swaraj c) Lal KrishnaAdvani d) Mamata Banerjee


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Which of the following statements about new RBI policy on bank loans to Non-banking FinanceCompanies (NBFCs) is/are correct? I. Bank loans to NBFCs will not come under priority sector lendingII. NBFCs cannot charge a rate of interest higher than the RBI prescribed rate in lending funds borrowedfrom banks. III. The Interest margin earned by NBFCs in lending funds borrowed from banks cannotexceed the ceiling of the RBI.

a) I only b) II only c) III only d) I and II Only e) None of these

Which of the following has proposed the setting up of a National Knowledge Functional Hun (NKFH) tofacilitate interaction between the industry and institutions of higher education to produce better qualitymanpower recently? a) National Knowledge Commission b) ASSOCHAM c) CII d) FICCI e) None of these

Who is the chairman of National Knowledge Commission ? a) Shyam Banegal b) Sam Pitroda c)Manmohan Singh d) Montek Singh Ahluwalia e) Ratan Tata

Nuclear plants in India have an Exclusion Zone of ________ surrounding the power stations, in which

no habitation is permitted. a) 1.4 Km b) 1.6 Km c) 16 Km d) 8.4 Km e) None of these

Improving regulation of which of the following was the subject of the Finance Ministry appointed KPKrishnan Committee? -a) Credit Ration Agencies b) Mutual Funds c) Microfinance Institutions d) LifeInsurance companies e)None of these

Asha is a low -priced milk food drink introduced for rural consumers by which of the following? a)Cadbury b) Amul c) GlaxoSmithKline d) Nestle e) None of these

Which of the following has launched Tiny Cards with biometric Identifications to expand the coverage

of banking services in rural parts of the country? a) ICICI Bank b) UBI c) NABARD d) SBI e) Bank of India

Which of the following is the new income tax return from salaried employee introduced by the financeministry recently a) Suvidha b) Sahaj c) Sugam d) Saral

ONGC Videsh Lts (OVL) signed an agreement to acquire ______ stake in the Satpayev oil block in CentralAsia recently. ? a) 30% b) 50% c) 51% d) 25% e) None of these

The Present discount rate of RBI ? a) 6 % b) 7.5 % c) 8.5% d) 24% e) None of these


Which of the following country is the highest source for foreign direct investment to India, accountingfor 40% of FDI flow in the last ten years, according to the RBI?

USAMauritiusUKSingaporeNone of these

The government plan to set up a Green National Accounting (GNA) system to evaluate impact ofeconomic growth on environment. Who has been selected as the chairperson of the expert group GNA?


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Madhav Gadgil

Parthasarathi Shome

B. Ulhas Karanth

Partha Dasgupta

None of these

Global Assessment Report (GAR) of which of the following has complimented the Government of Indiafor its National Rural Employment Grantee Act (NREGA) recently?

UN

IMF

World Bank

European Union

ILO

The government has approved the revival of Scooters India Limited (SIL) through induction of a jointventure partner recently. SIL sells scooters under which trademark?

Bharat

Vikram

Bajaj Scooter

Vijay

Mayur

Where was the World Spice Organization (WSO) set up recently?

Kannur

Kochi

Kollam

Kottyam

Which of the following not one of the objectives of setting up the Warehousing Development andRegulatory Authority?

To improve farm sector Yield


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To enable farmers to avail of loans against food grains stored

To reduce post - harvest losses in foodgrain storage

To prevent post harvest distress sales by farmers

Which of the first states in India to introduce e-payment system for commercial tax payers recently?

UP

Maharastra

Karnataka

MP

West Bengal

Which of the following submitted report titled 'Social Protection for a Changing India' - a comprehensivereview of anti-poverty schemes such as PDS, MGNREGS, RSBY, IAY recently?

World Economic Forum

World Bank

IMF

Planning Commission

CMIE

Which of the following is not among the Industries/sectors given priority in natural gas supply in thecountry?

Steel

Fertilizer

LPG

Power

Since March, 2010 How many times Reserve Bank of India (RBI) has altered the Repo and Reverse Reporate?

Twelve

Thirteen

Fourteen


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Never Changed

None of these


On which of the following dates it the National Youth Day observed to commemorate the birthanniversary of Swami Vivekanand?

January 11

January 12

January 13

January 14

January 15

The third phase of Red Ribbon Express has been lainched recently and will cover 23 states of India. TheRed Ribbon Express is designed to spread awareness about

Corruption

HIV/AIDS

Official Red-tapism

Honour Killing

Awareness against Maoists

Recently commerce ministry has lowered minimum export price of onions by Rs. 100 a tonne to _______ a tonne to boost exports.

Rs. 120

Rs. 140

Rs. 150

Rs. 180

Rs. 220

Who among the following has wrote the book titled Idea of Pakistan?

General Kayani

Stephen Cohen


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Yousuf Raza Gilani

Imran Khan

Gen Parvez Musharraf

NRI day is celebrated on Which date?

January 8

January 9

January 10

January 11

First Sunday of January

Who among the foreign dignitaries was given the prestigious Pravasi Bharatiya Samman award recentlyin Jaipur?

Yingluck Shinawatra

Kamal Persad Bissessar

Joseph Kabila

Ian Khama

None of these

Homai Vyarawalla, who passed away recently, was India's first woman

Speaker of the Lok Sabha

Governor of an Indian State

Photo Journalist

Captain of Woman's Cricket Team

Advocate General

In which of the following countries are peace talk to begin with the Taliban in the context of politicalsettlement of Afghanistan, where the Taliban has agreed to open a political office?

Saudi Arabia

Qatar


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India

Pakistan

UAE

In which city the three day partnership summit of the Confederation of Indian Industry (CII), 2012 cameto a close recently?

Mumbai

New Delhi

Goa

Hyderbad

Lucknow

Who among the following has written the book Non-Stop India?

Wilson John

Mark Tully

Chetan Bhagat

Gurcharan das

Raj Kamal Jha


The Golden Peacock Innovative Products/Service Award for 2011 has been awarded to

Bank of India

Indian Bank

State Bank of India

Bank of Baroda

Recently Central Government has approved capital infusion of 27,900 cr into which bank?

Bank of Baroda

United Bank of India


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State Bank of India

NABARD

IDBI Mutual fund has announced the launch of an open-ended debt scheme known as

IDBI Dynamic Bond Fund

IDBI Dynamic Bond

IDBI Bond Fund

Indian Dynamic Bond Fund

The new CMD of Indian Register of Shipping (IRS) is

Aruna Sharma

Arun Sharma

Arun Sen

Arun Seth

The Government is planning to set up a new body to oversee telecom and cyber security called the

International Telecom Network Security Coordination Board

National Telecom Network Security Coordination Corporation

National Telecom Network Security Coordination Board

International Telecom Network Security Coordination Corporation

Who is the newly appointed Executive Director of Corporation Bank

Amar Lai Daultani

Vinod Mehta

Amit Lai Daultani

Pratip Chowdhury

State Bank of Travancore (SBT) has announced the appointment a new Chief General Manager

Madanlal Ghosh

Bimal Chandra Paul


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NC Jacob

MC Jacob

Recently Invest India has signed Memorandum of Understanding for co-operation on bilateralinvestment promotion and facilitation with The Board of Investment (BOI) of which country?

Mauritius

South Africa

USA

UAE

The Delhi Metro Rail Corporation has appointed a new Director ?

Santendra Tyagi

Sashi Kumar

Jitendra Tyagi

Manav Singhbal

Who is the newly appointed Managing Director of Life Insurance Corporation (LIC)?

Sushobhan Sardar

Sushobhan Sarker

Sankar Sarkar

Pratip Chowdhury


D.K. Mehrotra took charge as Chairman of which of the following organizations in May, 2012?

(A) SBI (B) LIC (C) TRAI (D) SEBI (E) None of these

The Supreme Court disallowed import of which species from Namibia for introduction in Indian forestsin May 2012?

(A) Tiger (B) Leopard (C) Cheetah (D) Giraffe (E) None of these

P.A Sangma resigned as member of which of the following to contest the Presidential Election in July2012?

(A) Lok Sabha (B) Rajya Sabha (C) Vidhan Sabha (D) Vidhan Parishad (E) None of these


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Victoria Azarenka is associated with Lawn Tennis belongs to which country?

(A) Belgium (B) Belarus (C) Brazil (D) Serbia (E) None of these

Who among the following was the best Player of UEFA Euro 2012?

(A) Fernando Torres (B) Andres Iniesta (C) Cristiano Ronaldo (D) Mario Gmez

(E) Mario Balotelli

Head office of which of the following Bank is in Kolkata?

(A) Union Bank of India(B) United Bank of India(C) Punjab National Bank

(D) State Bank of India(E) None of these

Which of the following Awards is given for excellence in the field of Music?

(A) Kalidas Samman (B) Saraswati Samman (C) Tansen Samman (D) Arjuna Award

(E) None of these

On which day World Oceans Day is observed?

(A) May 8 (B) June 8 (C) July 8 (D) August 8 (E) None of these

Who has taken over as Controller General of Accounts (CGA) on July 1, 2012?

(A) Vinod Rai (B) A.P. Singh (C) Jawahar Thakur (D) C.R. Sundaramurti

(E) None of these

Which of the following is true about RuPay? I. It is a domestic card payment network II. RuPay is theIndian wing of Visa Inc III. RuPay Network was setup bu National Payments Corporation of India (NPCI)

(A) Only I is true (B) Only II is true (C) Only I and III are true (D) All True (E) None True


Which of the following countries in India's neighborhood has agreed that Indians staying in the orderareas will be allowed to visit upto 16 km inside its boundary without obtaining visa/permit?

(A) Bangladesh(B) Pakistan (C) Nepal (D) Myanmar (E) Bhutan

Business Correspondent framework launched by the Reserve Bank of India is a step in achieving which ofthe following?

(A) Transparency in Banking transactions (B) Financial Inclusion(C) Better control over cooperative


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(D) Providing direct subsidy to consumers of Public Distribution System (PDS).(E) None of these

We often heard the term DRS in News Papers or in News Channels. What 'R' mean in DRS?

(A) Receive (B) Receipt (C) Review (D) Replay(E) None of these

The Prime Minister of India was in Russia on a three day visit in December 2011 to attend -

(A) Festival of India (B) G-20 Summit (C) India- Russia Summit (D) WTO Summit(E) None of these

Which popular and celebrated Assamese poed and winner of the Sahitya Akademi Award passed awayrecently in Guwahati?

(A) Sudhendu Mitra (B) Kaushik Bose(C) Hiren Bhattacharya (D) Anand Sen(E) None of these

In a relief to small home loan borrowers, the government in July 2012 provided interest subsidy of Rs.14912 for an individual borrower for loans upto -

(A) 3 Lakh (B) 5 Lakh (C) 10 Lakh(D) 15 Lakh(E) 20 Lakh

Who is the present president of International Cricket Council (ICC)?

(A) Sharad Pawar (B) Alan Isaac (C) John Harnden (D) Ijaz Butt(E) None of these

Who is the present director of Bhabha Atomic Research Centre (BARC)?

(A) Kaushik Basu (B) Shekhar Basu(C) Kaushik Sen(D) A.P Singh(E) None of these

Name the Chief Minister of an Indian State who was recently in news for his/her controversial remark onIndian Judiciary.

(A) Akhilesh Yadav(B) Jayalalithaa Jayaram(C) Narendra Modi(D) Mamata Banerjee(E) None of these

Which country recently unveiled a bust of noble laureate Rabindranath Tagore?

(A)Cambodia (B)Colombia (C)South Africa (D)Brazil(E) None of these


Which bank recently waives minimum balance for savings accounts for its customers?

(A) State Bank of India(B) Union Bank of India(C) Axis Bank(D) United Bank of India

(E) None of these

Which bank recently gives loan of $800m ti build roads in five states in India?


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(A) World Bank(B) Asian Development Bank(C) NABAARD(D) World Bank

(E) None of these

What is India's rank in global innovation Index?

(A) 63(B) 64(C) 65(D) 66(E) None of these

Which organization recently scaled down its projection for India's economic growth to 6.5% for thisfinancial years from its previous prediction of 7%?

(A) World Bank(B) Asian Development Bank(C) IMF(D) Planning Commission of India

(E) None of these

What is India's Rank on Chile Development Index?

(A) 110(B) 111(C) 112(D) 113(E) 114

Which state government in India recently issued 'Samajik Mukti' smart card to the workers ofunorganized sector?

(A) Bihar (B) Tripura (C) Tamil Nadu(D) West Bengal(E) None of these

Who is the present Prime Minister of Singapore, visited India recently on July 11, 2012?

(A) Xie Xuren(B) Lee Hsien Loong(C) Daniel Ortega (D) Yingluck Shinawatra(E) None of these

Recently, T. Sudhindra was in News for various reasons. He is a _____?

(A) Singer(B) Footballer(C) Cricketer(D) Author(E) None of these

Which Team won the Under 19 Asia Cup Cricket Championship?

(A) India(B) Pakistan(C) Sri Lanka(D) Bangladesh(E) Both India-Pakistan

Which country will host the Fourth Edition of Champions League Twenty20 Cricket Tournament?

(A) India(B) Sri Lank(C) South Africa(D) Australia-New Zealand(E) None of these


Which country elected Tomislav Kikolic as its new President in the election organized in May 2012?

(A) Serbia(B) Croatia(C) Albania(D) Slovenia(E) Macedonia


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Which one of the following is the correct sequence in the decreasing order of contribution of differentsectors to the Gross Domestic Product (GDP) of India?

(A) Service-Agriculture-Industry(B) Service-Industry-Agriculture (C) Industry-Service-Agriculture

(D) Industry-Agriculture-Service(E) Agriculture-Industry-Service

What is the present name of the erstwhile UTI Bank?

(A) Yes Bank (B) IDBI Bank Ltd (C) Axis Bank(D) RBS (E) IndusInd Bank

Runako Morton was killed in a road accident recently. He played 15 Tests for which of the followingteams?

(A) Australia (B) New Zealand (C) West Indies(D) South Africa(E) England

Which among the following country has recently overtaken UK to become the world's sixth largest

economy?

(A) USA (B) India (C) Brazil(D) China(E) Japan

Which of the following is not a Banking or Finance company?

(A) RBS (B) Barclays (C) Lufthansa (D) HSBC (E) BNP Paribas

Which of the following is not a money market instrument?

(A) Treasury Bills (B) Commercial Papers (C) Certificate of deposit (D) Equity Shares (E) None of these

Which of the following term refers to Smart Money?

(A) Foreign Currency (B) Internet Banking (C) Credit Card (D) Travelers Cheques (E) US Dollars

A Money Deposited in a Bank that cannot be withdrawn for a preset fixed period of time is known as a

(A) Savings Bank Deposit (B) Checking Account (C) Term Deposit (D) No Frills Account (E) Current Deposit

Many Banks have launched their subsidiaries which are fully owned by them. Banks launch subsidiariesnormally for which of the following business? I. Home Loan Business II. To Sell Insurance Policies III. ToControl Online Operations or Internet Banking Business

(A) Only I (B) Only II (C) Only III (D) All I,II and III (E) None of these

The Economic and Social Commission for Asia and the Pacific (ESACAP) is associated with which of thefollowing organizations?

(A) World Bank (B) European Union (C) SAARC (D) ASEAN (E) UNO



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Which of the following organizations/ agencies has decided to establish a national Innovationfoundation (NIF) to encourage early stage innovations in India?

(A) Confederation of Indian Industry (CII)

(B) University Grant Commission (UGC)

(C) Atomic Energy Commission (AEC)

(D) Department of Science and Technology, Government of India

(E) Council for Scientific and Industrial Research (CSIR)

As decided by UNESCO, the International Literacy Day is observed on which of the following days everyyear?

(A) September 8 (B) March 18 (C) March 28 (D) September 18 (E) None of these

Which Public Sector bank of India opened 171 ultra small branches in a single day recently?

(A) United Bank of India (B) UCO Bank (C) Bank of Baroda (D) Vijaya Bank (E) Indian Bank

'Project Tiger' is a scheme launched by which of the following -

(A) Government of Gujrat and Madhya Pradesh

(B) United Nations Wild Life Fund

(C) Government of India

(D) Society for Prevention of Cruelty to Animal (SPCA)

(E) None of these

SBI recently launched SBI Virtual Card. What type of Card is SBI Virtual Card?

(A) Debit Card (B) Credit Card (C) Limit Debit Card (D) Limit Credit Card (E) None of these

Who is the deputy governor of Reserve Bank of India who's term was extended recently?

(A) D. Subbarao (B) Dr. Subir Gokaran (C) Dr. K.C. Chakrobarty (D) Anand Sinha (E) None of these

Who was the governor of the Reserve Bank of India at the time of its Nationalization?

(A) D. Subbarao (B) Dr. Manmohan Singh (C) C.D. Deshmukh (D) O.A. Smith (E) None of these

Which bank first established the Talking ATM in India?

(A) United Bank of India (B) Bank of Baroda (C) State Bank of India (D) Union Bank (Union Bank of India)


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(E) None of these

Which of the following is not correct about the acceptance of deposits by the Non-Banking FinancialCompanies (NBFCs)?

(A) They are allowed to accept/renew public deposits for a minimum period of 12 months and maximumperiod of 60 months.

(B) They cannot accept deposits repayable on demand.

(C) The repayment of deposits by NBFCs is guaranteed by the RBI

(D) Their deposits are not insured.

(E) They should have minimum investment grade credit rating.

Who is the current president of Republic of Namibia?

(A) Sam Nujoma (B) Hifikepunye Pohamba (C) Daniel Ortega (D) Jacob Zuma (E) None of theseSee More

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