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ModelPaper4(Banking/FinancialGeneralAwareness)forBank
Exam

1.ForwhichoneofthefollowingreasonsFinanceMinisterdeniedentryofNRIfunds
forinfrabonds?
(A)Itwillbringinmoreliquidityinthecountry
(B)NRIscanwithdrawtheirfundsanytime
(C)Itwillbringinterestburdenonthecountry
(D)Itcouldleadtolossesatthetimeofredemptionbecauseoffluctuationsinthe
IndianCurrency
(E)Noneofthese
Ans:(B)

2.Whatisfinancialinclusion?
1.Easyaccesstobankaccountsforsafeparkingofsavings
2.Availabilityofcheapcreditsthroughappropriatelydesignedloansforpoorandlow
incomehouseholdsandsmallentrepreneurs
3.Availabilityofbasicfinancialproductslikeinsurance
(A)Only1
(B)Only2
(C)Only3
(D)Both1and2
(E)All1,2and3
Ans:(B)

3.AccordingtotheSecuritiesandInsuranceLaws(Amendment)Bill2010,who
amongstthefollowingwillbeViceChairmanofjointcommissiontoresolvedifferences
amongstthefinancialregulators?
(A)FinanceMinsiter,GOI
(B)DeputyChairman,PlanningCommission
(C)SEBIChairman
(D)Chairman,CentralVigilanceCommission
(E)RBI,Governor
Ans:(E)

4.WhichofthefollowingtermsisusedinEconomics?
(A)Keynesian
(B)Adsorption
(C)AffinityMatrix

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(D)GeneFlow
(E)Noneofthese
Ans:(A)

5.WhichoneofthefollowingisthedirectivegiventotheGovt.ofIndiainthe
FinancialStabilityReportsubmittedtoit?
(A)Focusonfinancialconsistency
(B)Toreducefiscaldeficit
(C)ToensureGDPgrowth
(D)Toreducerevenuedeficit
(E)Noneofthese
Ans:(B)

6.InwhichoneofthefollowingStates,JangiThoponandThoponPowariPower
Projectsareproposedtobesetup?
(A)J&K
(B)H.P.
(C)U.P.
(D)Manipur
(E)Meghalaya
Ans:(B)

7.WhichoneofthefollowingistheproposalundertheFoodSecurityLaw?
(A)Toprovide25kgoffoodgrainstorationcardholders
(B)Toprovide25kgoffoodgrainstotargetedbeneficiaries
(C)Toprovide35kgoffoodgrainstorationcardholders
(D)Toprovide35kgoffoodgrainstotargetedbeneficiaries
(E)Noneofthese
Ans:(C)

8.WhichoneofthefollowingarekeypolicyratesusedbyRBItoinfluenceinterest
rates?
1.BankRate/theRepoRate
2.ReverseRepoRate
3.CRR/SLR
(A)Only1
(B)Only2
(C)All1,2and3
(D)Only3
(E)Both1and3
Ans:(C)

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9.Forgivingcookinggasconnectiontopoorfamilies,whichofthefollowingonetime
subvention(inrupees)willbeprovidedbythePlanningCommission?
(A)500
(B)600
(C)750
(D)1000
(E)1400
Ans:(E)

10.WhichoneofthefollowingratessignaltheRBIslongtermoutlookoninterest
rates?
(A)RepoRate
(B)ReverseRepoRate
(C)BankRate
(D)SLR
(E)CRR
Ans:(C)

11.WhatdoyouunderstandbyParaBankingservices?
(A)Eligiblefinancialservicesrenderedbybanks
(B)Utilityservicesprovidedbybanks
(C)Servicesprovidedthroughbusinesscorrespondents
(D)Servicesprovidedtoarmedforcepersonnel
(E)Noneofthese
Ans:(C)

12.Forwhichoneofthefollowingreasons,theSteelMinistrywantscompletebanon
exportofironorefromIndia?
(A)Thepriceofironoreexportsisnotcompetitive
(B)Theironoreexportsdonotprovideanyvalueadditiontoexports
(C)Thepricesofironorearehighandassuchtheexportsoftheoreshouldbe
banned
(D)Ironoreisanonrenewableresourcelikecoalandpetroleumproducts,henceit
shouldbepreserved
(E)Noneofthese
Ans:(D)

13.WhatisacrossBorderExchange?
(A)TradingofforeigncurrencyinIndia
(B)TradingofIndianrupeeinexchangeofothercurrencies/goods

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(C)HawalatransactionsinIndianRupee
(D)UnauthorizedremittanceofIndianRupee
(E)Noneofthese
Ans:(A)

14.WhatisCartosat2B?
(A)ItisanadvancedremotesensingstatellitebuiltbyISRO
(B)ItisawarheaddevelopedbyDRDO
(C)ItisaneducationalprojectlaunchedbyUGC
(D)ItisanadvancedcomputerdevelopedbyIITKanpur
(E)Noneofthese
Ans:(A)

15.ForwhichoneofthefollowingreasonsRBIhasdecidedtoundertakemidquarter
policyreviews?
1.Torealignitspolicies
2.Totakestepsandensuresmoothflowofcredit
3.Toprovideguidancetotheeconomy
(A)Only1
(B)Only2
(C)Only3
(D)All1,2and3
(E)Noneofthese
Ans:(D)

16.WhichoneofthefollowingistheobjectiveofFinancialStabilityandDevelopment
Council?
(A)Toaddressinterregulatoryissuesonly
(B)Tofocusonfinancialliteracyonly
(C)Tofocusonfinancialinclusiononly
(D)Only(A)and(B)
(E)All(A),(B)and(C)
Ans:(C)

17.ForwhichoneofthefollowingreasonshasthePlanningCommissiondecidedto
convertitselfintoasystemReformsCommission?
(A)Itistomakepeopletopeoplecontact
(B)Itistounderstandtheproblemsofpeople
(C)Itistoreviewtheimplementationofitspolicies
(D)Itisaimedatchangingeconomicprofileofthecountry
(E)Noneofthese

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Ans:(A)

18.WhichoneofthefollowingsectorsinIndiahasattractedhighestamountof
ForeignDirectInvestmentduring200910?
(A)Manufacturing
(B)Construction
(C)WholesaleandRetailTrade
(D)FinancialInsurance,RealEstate
(E)CivilAviation
Ans:(B)

19.Whichofthefollowingis/arearenewablesourceofenergy?
1.Wind
2.Solar
3.Thermal
(A)Only1
(B)Only2
(C)All1,2and3
(D)Only2and3
(E)Only1and2
Ans:(E)

20.ExpandthetermSWIFT
(A)SocietyforWorldwideInternationalFinancialTelecommunications
(B)SocietyforWorldwideInterbankFinancialTelecommunications
(C)SocietyforWorldwideInternationalFinancialTransfers
(D)SocietyforWorldwideInterbankFiscalTransactions
(E)Noneofthese
Ans:(B)

21.Forwhichoneofthefollowingreasons.NABARDhassetupjointliabilitygroups
(JLG)offarmers?
(A)Tofacilitatedeliveryofcredittofarmers
(B)Tofacilitatebetterdeliveryofcredittofarmersthroughinformalsources
(C)Tofacilitatebetterdeliveryofcredittosharecroppersandthosewhodonothave
theirownland
(D)TofacilitatebetterdeliveryofcredittofarmersthroughPanchayats
(E)Noneofthese
Ans:(A)

22.WhichofthefollowingtermsisnotusedinBankingWorld?

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(A)HoldingCompany
(B)Postdatedcheque
(C)Credit
(D)Timedeposit
(E)Centripetalforce
Ans:(E)

23.WhatistheextentofclaimthatcanbeentertainedbyaLokAdalat?
(A)Uptolakhs
(B)Upto10lakhs
(C)Upto20lakhs
(D)Upto50lakhs
(E)Nolimit
Ans:(A)

24.ASHAisaschemeforprovidingwhichofthefollowingservicestothepeoplein
India?
(A)HealthService
(B)Cleanwater
(C)PrimaryEducation
(D)Employmentfor100days
(E)Noneofthese
Ans:(A)

25.Someprivateorganizationsarerunningechoupals,tohelpwhichofthefollowing
sectionofsociety?
(A)Farmers
(B)Smallbusinessman
(C)CooperativeCreditSocieties
(D)Schoolgoingchildren
(E)Unemployedyouth
Ans:(A)

26.WhichisthecurrencyofU.A.E.?
(A)Dirham
(B)Dinar
(C)Dollar
(D)Taka
(E)PoundSterling
Ans:(A)

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27.WhoamongstthefollowingistheauthorofthebookAbendintheRiver?
(A)ChetanBhagat
(B)V.S.Naipaul
(C)KiranDesai
(D)AnitaDesai
(E)Noneofthese
Ans:(B)

28.WhichofthefollowingtermsisusedingameofCricket?
(A)Love
(B)Scoop
(C)LBW
(D)Tee
(E)Backhanddrive
Ans:(C)

29.WhichoneofthefollowingwasIndiaspercentGDPgrowthduring200910?
(A)67
(B)92
(C)74
(D)97
(E)Noneofthese
Ans:(C)

30.WhichoneofthefollowingcountriesinEuropeisfacingfinancialcrisis?
(A)Ireland
(B)Portugal
(C)Rumania
(D)Hungary
(E)France
Ans:(D)

31.Whichofthefollowingschemesislaunchedforschoolchildren?
(A)Rajlakshmi
(B)KutirJyoti
(C)MidDayMeal
(D)SwajalDhara
(E)Noneofthese
Ans:(C)

32.Loansofsmallorverysmallamountsgiventolowincomegrouppeopleareknown

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as
(A)InvestmentLoans
(B)MicroCredit
(C)SavingsLoan
(D)SecuredLoans
(E)CashCreditLoans
Ans:(B)

33.WhichofthefollowingistheCentralBankofU.S.A.?
(A)FederationofBanksinU.S.A.
(B)CitigroupU.S.A.
(C)BankofAmerica
(D)CentralBankofU.S.A.
(E)FederalReserveSystem
Ans:(E)

34.Whichoneofthefollowingcountrieswassecondbiggestnetimporterofgoods
andservicesintheyear2009?
(A)U.S.A.
(B)India
(C)China
(D)Germany
(E)Russia
Ans:(B)

35.Theactivityofpurchasingsharesofvariouscompaniesiscalled
(A)OnlineTrading
(B)ShareTrading
(C)Realestateinvestment
(D)CorporateTrading
(E)Noneofthese
Ans:(C)

36.TradeMinistersofKeyWTOmembercountriesincludingIndiaheldameetingat
DavosinSwitzerlandonJanuary29,2011.
Whichoneofthefollowingwasthepurposeofthismeeting?
(A)Negotiationsforfreetrade
(B)NegotiationstoabolishRestrictiveTradePractices
(C)Issuesrelatingtoagriculturalsubsidies
(D)Negotiationsforaglobaltradedeal
(E)ToincludePakistanandIranasmembers

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Ans:(D)

37.Whichoneofthefollowingadviceshas/havebeengivenbyleadingEconomiststo
FinanceMinisterduringtheirprebudgetmeetingwithhim?
1.Totakemeasurestoboostfarmproductivityonly.
2.Toimprovesupplyofagriculturalproductsonly.
3.Toreducethefiscaldeficitonly.
(A)Only1
(B)Only2
(C)Only3
(D)All1,2and3
(E)Only1and2
Ans:(D)

38.Asperrecentnewspaperreports,whichoneofthefollowingcountrieshassigned
highestnumberofdealstogetglobalprojectfinance?
(A)Australia
(B)USA
(C)SaudiArabia
(D)Spain
(E)India
Ans:(E)

39.WhichofthefollowingtermsisusedinBankingField?
(A)InterestRateSwap
(B)InputDevices
(C)Sedimentary
(D)ZeroHour
(E)PrivilegeMotion
Ans:(A)

40.TowhichofthefollowingStateshastheAsianDevelopmentBankgivenaloanof
$90mfordevelopmentofPowerprojects?
(A)HimachalPradesh
(B)WestBengal
(C)Tripura
(D)ArunachalPradesh
(E)Assam
Ans:(E)

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41.OnwhichoneofthefollowingissuescanSEBIpenalizeanycompanyinIndia?
1.ViolationofBankingRegulationAct.
2.Violationofforeignportfolioinvestmentguidelines.
3.ForviolationofNegotiableInstrumentAct.
(A)Only1
(B)All1,2and3
(C)Only1and2
(D)Only2and3
(E)Only2
Ans:(E)

42.IntheopinionoftheGovernorofReserveBankofIndia,whichoneofthe
followingisthereasonowingtowhichIndiasinflationisaccelerating?
(A)Excessliquidityinmarket
(B)Speculationinessentialgoods
(C)Higherfoodcost
(D)Commoditiesfutures
(E)Noneofthese
Ans:(A)

43.InopinionoftheRBI,whichoneofthefollowingis/areathreattothesmooth
functioningofIndianCompanies?
1.Risinginputcosts.
2.Highinterestrates.
3.Inflationonly.
(A)Only1
(B)Only2
(C)Only1and2
(D)Only3
(E)All1,2and3
Ans:(E)

44.ForwhichoneofthefollowingreasonsGovernmentofIndiahasdecidedtowaive
offupfrontpaymentofRs.1,400tobemadebyeachcustomerlocatedinruralareas
togetLPGconnection?
1.TohelpvillagerstouseLPGinplaceoffirewood/kerosene.
2.Tohelpvillagerstosavekeroseneforagriculturalactivities.
3.TolurevillagerstouseLPGwhichisofsubstandardqualityandnotfitforindustrial
use.
(A)Only1
(B)Only2

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(C)Only3
(D)Only1and2
(E)Only2and3
Ans:(A)

45.ExpandthetermALMasusedinBanking/Financesector?
(A)AssetLiabilityMismatch
(B)AssetLiabilityMaturity
(C)AssetLiabilityManagement
(D)AssetLiabilityManpower
(E)Noneofthese
Ans:(C)

46.WhoamongstthefollowingistheauthorofthebookHalfaLife?
(A)MarkTully
(B)DeepakChopra
(C)ChetanBhagat
(D)VedMehta
(E)V.S.Naipaul
Ans:(E)

47.Inwhichoneofthefollowingstates,villagelevelmarketingplatformhasbeenset
upforthefirsttimeinthecountry?
(A)Haryana
(B)Maharashtra
(C)Gujarat
(D)Bihar
(E)Kerala
Ans:(C)

48.TheRBIhasaskedbankstospellouttheirpolicy,proceduresandsizeofthe
businessonwhichofthefollowingaspectsofbanking?
(A)Onshorebanking
(B)Offshorebanking
(C)Investmentsinsecondarymarket
(D)Wealthmanagement
(E)Noneofthese
Ans:(D)

49.WhichofthefollowingorganizationshasgivenaUS$172billionloantoIndiato
buildroadsinruralareas?

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(A)AsianDevelopmentBank
(B)InternationalMonetaryFund
(C)BillGatesFoundationUSA
(D)WorldBank
(E)Noneofthese
Ans:(D)

50.WhichoneofthefollowingadviceshasbeengivenbyFinanceMinisterPranab
MukherjeetoCharteredAccounts?
(A)Theymusthighlightthecreditrisks
(B)Theymusthighlighttheoperationalrisks
(C)TheymustbringtothenoticeofGovernmenttaxevasions
(D)Theymustbevigilantagainstwindowdressingofcompanies
(E)Noneofthese
Ans:(E)