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Friday, November 15, 2013

Practise Bits

1.      Who among the following is the recipient of the Padma Vibhushan given in 2012 ?    (   )
    1) Late (Dr.) Bhupen Hazari-ka
    2)  Sri Vanraj Bhatia    
    3) Sri Javed Akhtar
    4) Sri Amitabh Bachhan
    5)  Smt. Ambika Soni
2.     Under the liberalized scheme of interest subsidy, Government of India provides interest subsidy on housing loan at the rate of___    (   )
    1) 0.50%   2)  1.00%    3) 2.00%
    4) 2.00% + 1.00% for prompt repayment    5)  None of these
3.      When a Bank provides a loan for purchase of white goods, it is categorized as___    (   )
    1)  Consumption loan    
    2)  White Goods loan
    3) Consumer Durable loan
    4) Working Capital      5) Bridge Loan
4. India has decided to acquire Rafale Fighter planes for its airforce wing. Which country is going to supply Rafale fighter planes ?    (   )
    1) Italy       2) Britain    3) Canada      
    4) France   5) Germany
5.    Which of the following statements about contribution (approximately) of agriculture sector in GDP is correct?(  )
    1) Agriculture contributes 50% of total GDP    
    2)Agriculture does not contribute significantly to India's GDP as the share is less than 1 %
    3) India's GDP does not take agricultural sector into account
    4) Agricultural Sector is the part of Service Sector. Hence it is not considered as an independent sector
    5)  Agricultural Sector contributes 20% in India's GDP
6.     Banks are considered as 'financial intermediaries'. Which of the following activity correctly and comprehensively explains this role of banks?    (   )
    1) Accepting deposits of money for the purpose of lending and investment
    2) Granting loans to the weaker sections of the society
    3) Accepting money for remittance and issuing bank drafts
    4) Providing safe deposit services
    5) Opening accounts and accepting deposits therein
7.    The rate below which banks cannot generally lend is called as_(   )
    1)  Base rate   2)  Floor rate
    3)  Repo rate   4)  Call money rate    
    5)  Ceiling rate
7.  As per the data released by the Union Health Ministry (of India) the infant mortality rate is lowest in___(   )
    1) Tamil Nadu    2)  Maharashtra
    3)  Goa    4) Uttar Pradesh
    5) Madhya Pradesh
9.     Dada Saheb Phalke Awards are given by the Ministry of    (   )
    1) Social Welfare 2) Corporate Affairs    
    3)  Home Affairs
    4) Human Resource Development
    5)  Information and Broadcasting
10. Which of the following is not a type of Cheque?    (   )
    1) Crossed cheque     2)  Blank cheque
    3) Speed cheque   4) Bearer cheque
    5) Order cheque
11.  Mr. John Key is the present    (   )
    1)  Prime Minister of Canada
    2) Prime Minister of Australia
    3)  Prime Minister Of New Zealand'
    4)  President of Australia
    5)  President of Canada
12.  In relation to banking, what do you understand by\" Ever-Greening of loan Account\" ?     (   )
    1)Full repayment of a loan account before maturity -Prepayment
    2)  Full repayment of a loan account exactly at maturity
    3) Fresh Loan sanctioned during the tenure of account for enhancement of limits
    4)Adjusting the NPA / Sticky account with fresh sanction of loans
    5) Loans provided for new projects to new customers
13.      Which of the following is the nae of an autonomous organization for rural technology?    (   )
    1) CAPART      2) MGNREGA    
    3) PURA     4) IRDP     5) NGAPS      
14.  With a view to facilitate payment of balance in deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced in bank accounts in our country.    (   )
    1)  Will             2)  Registration 
    3)  Nomination  4)  Indemnity        5)  Guarantee
15.    Which of the following countries is NOT a member of ASEAN?    (   )
    1) Thailand     2) Myanmar 
    3) Singapore   4) Vietnam         5) Brazil
16.    Which of the following is not a Negotiable Instrument?     (  )
    1) Cheque        2) Fixed Deposit Receipt    
    3) Promissory Note    
    4) Bill of Exchange
    5) All (1) to (4) above are negotiable Instruments
17.     Which of the following Stock Exchanges in India recently launched \"Carbon Index\" so that investors can assess risk and opportunities associated with climate change?    (   )
    1)  Delhi Stock Exchange        
    2)  National Stock Exchange
    3)  Bombay Stock Exchange
    4) Kolkata Stock Exchange
    5)  Ahmedabad Stock Exchange
18.      Which of the following would be the venue of the World Athletic Championship 2013 ?     (   )
    1) New Delhi    2) Tokyo
    3) London       4) Paris     5) Moscow
19.    Who among the following represented India in 17th SAARC Summit held at Addu in Maldives in November 2011?    (   )
    1)  Smt. Sonia Gandhi    
    2)  Dr. Manmohan Singh
    3) Sri Pranab Mukherjee
    4) Shri P Chidambaram    
    5)  Shri Rahul Gandhi
20.     What is the maximum balance amount that is eligible for earning interest in a normal savings bank account? (   )
    1) Rs. 1 lach         2) Rs. 2 lacs     
    3) Rs. 3 lacs         4) Rs. 5 lacs         5) No limit
21.     When a customer opens a Deposit account with the Bank, which one of the following is the status of the Bank?(   )
    1) Debtor     2) Creditor     3) Trustee
    4)  Beneficiary    5)  None of these
22.    Which of the following states decided to give Khatedhari Rights to about 30.000 farmers occupying the custodian lands? (   )
    1) Gujarat      2) Rajasthan
    3)Madhya Pradesh 4) Uttar Pradesh
    5) Uttarakhand
23.    Which of the following functions are not being performed by the Reserve Bank of India?    (   )
    1) Regulation of Banks in India
    2)  Regulation of Foreign Direct Investment in India
    3) Foreign Currency Management in India
    4)  Control and Supervision of Money Supply
    5) Currency Management in India
24. A bank is called as \"Scheduled Bank' when____    (   )
    l) Its business has crossed Rs.1000 crore mark
    2) Its branch network is over 100
    3) It is included in the second Schedule of the RBI Act
    4) When it complies with all the three above
    5) None of these
25.      Australian Government recently decided to sell Uranium lo India. Uranium is used mainly for_    (   )
    1) manufacturing of chemical fertilizers
    2)  manufacturing of Drugs/ Phanna products
    3) nuclear power generation
    4) making arsenals
    5) making electronic chips

ANSWERS

    1. 1    2. 2    3. 3    4. 4    5. 5    
    6. 2    7. 2    8. 3    9. 5    10.3    
    11.3    12.4    13.1    14.3    15.5   

   16.5   17.3    18.5    19.2    20.5   

    21.1   22.2    23.2    24.3    25.3

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