Financial and General Awareness Questions - Bank Exams 2010

1. The expansion for the BIS, in the context of the banking industry is:
Bank for International Settlements  Bank for Industrial Settlements  Bank for Industrial Sectors  Bank for International Services  None
 

2. The expansion for BIFR, in the context of the Indian Industry is:
Board for Industrial and Financial Reconstruction  Bureau for Industrial and Financial Reconstruction  Board for Investment and Financial Reconstruction  Bureau for Investment and Financial Reconstruction  None
 

3. Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets:
Stock Exchange  Banking  Mutual Fund  Income Tax  None
 

4. Which of the following programs aims at the promotion of savings among rural women?
Rashtriya Mahila Kosh  Mahila Samriddhi Yojna  Indira Mahila Yojna  Javahar Rozgar Yojna  None
 

5. Which of the following programs meets the credit needs of poor women?
Mahila Samriddhi Yojna  Rashtriya Mahila Kosh  Indira Mahila Yojna  Mahila Samakhya Programme  None
 

6. Which of the following deals with economic offences?
MISA  NSA  TADA  COFEPOSA  None
 

7. Chelliah Committee of 1992 deals with the overhauling of our
public sector undertakings  financial system  tax system  patents and copyrights  None
 

8. The terms TRIPS and TRIMS are related to
NAFTA  SAPTA  EFTA  GATT  None
 

9. Which of the following taxes is a progressive tax?
Income tax  Custom tax  Sales tax  Excise duty  None
 

10. When did Regional Rural Banks start functioning in India?
1975  1947  1956  1960  1980
 

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11. Who was the Chairman of the Sixth Central Pay Commission?
Justice B. N. Srikrishna  Prof. Ravindra Dholakia  J. S. Mathur  Sushma Nath  None
 

12. The 11th Five Year Plan is termed as plan for
India’s Health  Eradication of poverty from India  India’s Education  Development of Rural India  None
 

13. Which of the following correctly describes what sub-prime lending is?
(1) Lending to the people with less than ideal credit status.
(2) Lending to the people who are high value customers of the banks.
(3) Lending to those who are not a regular customer.
Only 1  Only 2  Only 3  All  None
 

14. The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden. In financial sector this type of phenomenon is known as:
Probability risk  Market risk  Inflation risk  Credit risk  None
 

15. Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank?
(1) It does not accept deposits.
(2) It has a limited cash disbursement capacity.
(3) Lack of human interface.
Only 1  Only 2  Only 3  All  None
 

16. The World Development Report 2009 is released by which of the following Organisations?
UNESCO  ADB  IMF  World Bank  None
 

17. Which of the following statements is/are TRUE about the Lehman Brothers Holdings Inc. which was in news sometimes back?
(1) The US government provided a US$ 7000 million bailout package to the company.
(2) The company filed for bankruptcy in a court in New York.
(3) The company is now out of financial crisis and is busy in its restructuring so that it can start afresh.
Only 1  Only 2  Only 3  All  None
 

18. The Reserve Bank of India has recently issued guidelines to banks on Pillar 2 of Basel II framework. Pillar 2 deals with which of the following?
(1) Better human resource management
(2) Adequate capital to support risks
(3) Better profitability with minimum number of employees
Only 1  Only 2  Only 3  All  None
 

19. The World Investment Report 2008 was released in September 20. This report is published every year by:
Government of India  World Trade Organisation (WTO)  Asian Development Bank (ADB)  United Nations Conference on Trade and Development (UNCTAD)  None
 

20. As we all know some new initiatives were introduced in the area of Fiscal Management by the government of India. Which of the following acts was passed a few years back to keep a check on the fiscal indiscipline on macroeconomic parameters?
FERA  FRBMA  FEMA  Public Debt Act  None
 

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21. Chit Fund is best described by which of the following terms?
A non-banking financial intermediary  A unorganized money lender  A banking financial intermediary  A non-banking unorganized company  None
 

22. Non-Banking Financial Company (NBFC) does not have which of the following functions ?
Equipment leasing  Housing finance and investments in financial securities  Hiring & Purchasing Assets  Demand Deposits   None
 

23. WDM in relation to Bombay Stock Exchange stands for?
Wholesale Debt Market  Wholesale Debt Multiplexer  Wholesale Direct Market  Wholesale Dial Marketing  None
 

24. Full form of NASDAQ is?
National Authority of Security Dealers Automated Queries  National Association of Security Dealers Automated Queries  National Association of Security Dealers Automated Quotations  National Association of Secure Dealers Automated Queries  None
 

25. Marathe Committee which was headed by S. S. Marathe of the Reserve Bank of India (RBI) Board and submitted its recommendations in May 1992 for __________?
Urban Cooperative Banks  Rural Cooperative Banks  Insurance Reforms  Financial Reforms   None
 

Banking and Financial awareness questions

Here are few banking and financial awareness questions for practice.

1. The International Bank for Reconstruction and Development (IBRD) is better known as
World Bank  Asian Development Bank  IMF  It is known by its name  None
 

2. When was the Reserve Bank of India established?
1935  1920  1928  1947  None
 

3. Which is the largest commercial bank in India?
Reserve Bank of India  State Bank of India  ICICI Bank  IDBI Bank  Bank of India
 

4. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Reserve Bank of India  Imperial Bank of India  Bank of India  Union Bank of India  None
 

5. When was the Imperial Bank of India nationalized to form the State Bank of India?
1947  1949  1951  1955  None
 

6. The Reserve Bank of India was nationalized in?
1947  1948  1950  1956  None
 

7. What is a Bank which has capital and reserves of over Rs. 5 lakhs called?
National Bank  Cooperative Bank  Scheduled Bank  Unscheduled Bank  None
 

8. Bank of Hindustan is the oldest bank in India. When did it start functioning?
1990  1770  1885  1892  None
 

9. The Export-Import (EXIM) Bank was set up in
1982  1983  1987  1985  None
 

10. When did Regional Rural Banks start functioning in India?
1975  1947  1956  1960  None
 

11. In India, income tax is levied by
Union Government  State Governments  Ministry of Finance  RBI  SBI
 

12. In India, coins and subsidiary coins are issued by
Union Government  State Government  Reserve Bank of India  Ministry of Finance  Supreme Court
 

13. Which of the following is entrusted with the task of receiving all money on behalf of the Government as also with the task of making payments on their behalf?
State Bank of India  Reserve Bank of India  Ministry of Finance  Union Parliament  None
 

14. Where is the headquarters of Asian Development Bank (ADB) situated?
Manila  Delhi  Bangkok  Hong Kong  Malaysia
 

15. When was the International Monetary Fund (IMF) established?
1944  1945  1948  1950  None
 

16. Which of the following has the sole right of issuing paper notes in India?
Union Government  State Bank of India  Reserve Bank of India  Ministry of Finance  Supreme Court
 

17. Decision taken at Bretton Woods Conference led to the formation of
IDA  IMF  ADB  IFC  None
 

18. The International Finance Corporation (IFC) was established in?
1956  1972  1985  1960  None
 

19. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?
Asian Development Bank  IMF  International Developmental Association  International Finance Corporation  None
 

20. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
Asian Development Bank  IMF  International Developmental Association  International Finance Corporation  None
 

21. Who is known as the ‘Father of Economics’?
Adam Smith  Chanakya  Amartya Sen  Machiavelli  None
 

22. Which was the first Indian Bank to introduce credit card?
State Bank of India  Central Bank of India  Reserve Bank of India  Union Bank of India  ICICI Bank
 

23. Euro is the currency of European Union. When did it come into being?
1995  1999  2000  2001  2002
 

24. When did the Foreign Exchange Regulation Act (FERA) come into being?
1973  1975  1980  1981  1982
 

25. When did India become a member of the IMF?
1947  1956  1960  1951  None
 

26. What is the main purpose of currency?
standard of postponed payments  standard of money  symbol of status  medium of exchange  None
 

27. What does devaluation of a currency mean?
decrease in the internal value of money  decrease in the external value of money  decrease both in the external and internal values of money  increase in the internal value of money  increase in the external value of money
 

28. Which of the following is known as plastic money?
bearer cheques  credit cards  demand drafts  gift cheques  None
 

29. State Financial Corporations give assistance mainly to develop
small and medium scale industries  agricultural farms  cotton industry  large scale industries  none
 

30. What does the term NSDL stands for?
National Securities Development Limited  National Securities Depository Limited  National Safety Development Limited  Natural Safety Deployment Limited  None
 

Allahabad Bank Exam Sample Paper 2008 - General Awareness

1. India test-fired Agni III on
May 15, 2008  May 17, 2008  May 20, 2008  May 7, 2008  None of the above
 

2. Which one of the following countries is not included in the elite club which India joined after its successful test firing of Agni III
Russia  U.S.A.  U.K.  France  None
 

3. M. Natrajan is
Scientific Advisor to the Defence Minister  Chief Controller and Programme Director of Agni Missile System  Scientific Advisor to the Prime Minister  None  None
 

4. Currently which one of the following organizations is celebrating its golden jubilee (year)?
ISRO  CBI  DRDO  NASSCOM  None
 

5. India and Malaysia held their joint naval exercise at
Andman island  Nicobar island  Lumut  Kualalampur  None
 

6. SERB stands for
Social Enlightenment and Research Board  Scientific And Engineering Research Board  Scientists’ and Engineers’ Research Board  Science and Engineering Research Board  None
 

7. CEP (Circular Error Probability) is associated with
Prithvi II  Chandryan I  Narco Analysis test conducted on Aarushis’ alleged murderer  The finalization of Indo-US Nuclear deal  None
 

8. The country which recently announced to have its own version of Star Wars
France  Japan  China  North Korea  None
 

9. The Indian state which, in May 2008, launched Food Security Scheme
Andhra Pradesh  Chhattisgarh  Tamil Nadu  Jammu & Kashmir  None
 

10. The most coveted award at the 61st Cannes Film Festival was received by
Hunger  Line of Passage  The Class  Three Monkeys  None
 

11. The Winner of the Scripps National Spelling Bee Contest is
Ravi Kumar  Sameer Mishra  Kuljit Singh  None   None
 

12. ‘Travelling Through Conflict’ is a book written by
Hamid Ansari  Cherie Blair  Balraj Krishna  Salman Rushdie  None
 

13. According to the Global Peace Index released in May 2008, the most peaceful country on the earth is
New Zealand  Norway  Denmark  Iceland  None
 

14. Which of the following was recently granted Navratna status to?
PGCIL  REC  NALCO  All the above  None
 

15. In terms of billionaire population, Mumbai ranks…… at world level?
Sixth  Fifth  Fourth  Seventh  None
 

16. According to a report, the number of Indians who have a problem of loud snoring during sleep is ____.
35 million  36 million  40 million  45 million  None
 

17. The government has planned to establish ………… universities of global standards across the country?
10  14  20  16  None
 

18. The government has increased Minimum Support Price of _____.
Wheat  Paddy  Cane  None  None
 

19. India recently refused to accept the offer of funds/loans from World Bank for _____.
Disaster management  North-East projects  Tiger protection   None   None
 

20. Yves Saint Laurent recently died. He was a _____.
U.S.A. film director  First man to go to Mars mission  Renowned fashion designer  An internationally renowned financial expert  None