General and Banking Awareness Quiz Set - 9 Questions and Answers

1.

Which of the following organization prepares rural credit plans on annual basis for all districts in India, which in turn from the base for annual credit plans of all rural financial institutions?

   A.) SIDBI
   B.) NABARD
   C.) RBI
   D.) Indian Bank's Association

Answer: Option 'B'

NABARD

2.

Under the priority sector lending stipulated by the RBI for the Commercial Banks, what percentage of net credit of these banks are kept aside for lending to weaker sections?

   A.) 40%
   B.) 18%
   C.) 10%
   D.) 15%

Answer: Option 'C'

10%

3.

Fiscal Policy is related to

   A.) money supply in the economy
   B.) regulation of banking system
   C.) planning and economic development
   D.) government revenue and expenditure

Answer: Option 'D'

government revenue and expenditure

4.

Which of the following is not a part of the structure of the financial system of India?

   A.) Industrial finance
   B.) Agricultural finance
   C.) Personal finance
   D.) Development finance

Answer: Option 'C'

Personal finance

5.

Which of the following services/products of banks is specially designed and launched to help students?

   A.) Personal loans
   B.) Corporate
   C.) Education loan
   D.) Medical loan

Answer: Option 'C'

Education loan

6.

Money laundering normally involves

   A.) placement of funds
   B.) layering of funds
   C.) integration of funds
   D.) All of these

Answer: Option 'D'

All of these

7.

As per new guidelines issued by the Securities and Exchange Board of India (SEBI), companies are required to list shares with in how many days of the closure of the initial Public Offer (IPO)

   A.) 25 days
   B.) 30 days
   C.) 20 days
   D.) 35 days

Answer: Option 'B'

30 days

8.

The Union Government recently subscribed to preferential equity shares issued by which of following public sector banks?

   A.) State Bank of India and PNB
   B.) PNB and Union Bank of India
   C.) SBI and UCO Bank
   D.) Bank of Baroda and Canara bank

Answer: Option 'A'

State Bank of India and PNB

9.

Which of the following countries government a new bailout package with the help of the private sector?

   A.) Germany
   B.) France
   C.) USA
   D.) Greece

Answer: Option 'D'

Greece

10.

"Core industries witness lower growth in last few months". This means the performance of which of the following is not taken into account for the same?

   A.) Steel
   B.) Cement
   C.) Coal
   D.) Gems and Jewellery

Answer: Option 'D'

Gems and Jewellery

11.

Which of the following is the name of new Income Tax Return Form for Salaried Class?

   A.) Sahaj
   B.) Sugam
   C.) Form 3A
   D.) All of the above

Answer: Option 'A'

Sahaj

12.

Crossing of cheques makes them

   A.) ineligible to endorse to a person other than payee
   B.) remains the same in all respect it is only a practice
   C.) invalid document
   D.) eligible for payment irrespective of sufficient balance in the account

Answer: Option 'A'

ineligible to endorse to a person other than payee

13.

Which of the following accounts for the highest share in India's foreign exchange reserves?

   A.) Foreign currency assets
   B.) Gold reserves
   C.) Special depository receipts
   D.) Gilt-edged-markets

Answer: Option 'A'

Foreign currency assets

14.

Which of the following is not considered infrastructural sector of the economy?

   A.) Electricity
   B.) Textile Sector
   C.) Telecom
   D.) Cement

Answer: Option 'B'

Textile Sector

15.

Which of the following is not a function of Exim Bank?

   A.) Financing of Joint ventures in foreign countries
   B.) Financing of export and import of machinery and equipmint of lease basis
   C.) Financing of export from and into not only India, but also to other countries of goods and services
   D.) Providing loans to a foreign party so as to enable it to contribute in the share capital of a joint venture in India

Answer: Option 'D'

Providing loans to a foreign party so as to enable it to contribute in the share capital of a joint venture in India

16.

Which of the following policies/agreements accord is closely associated with reforms in the banking industry? 

   A.) Doha Accord
   B.) Basel Accord
   C.) Look East Policy
   D.) All of these

Answer: Option 'B'

Basel Accord

17.

The Government of India has created a Women's Self Help Grop Development Fund so that it can reduce their Interest burden. What is the size of the fund?

   A.) Rs. 100 crore
   B.) Rs. 200 crore
   C.) Rs. 250 crore
   D.) Rs. 500 crore

Answer: Option 'D'

Rs. 500 crore

18.

The Central Government is empowered to borrow any amount it likes from the RBI through of the following instruments

   A.) commercial papers
   B.) treasury bills
   C.) Gertificates of deposit
   D.) repo rate

Answer: Option 'B'

treasury bills

19.

The approach paper of 12th Five Year Plan got approval of the government which of the following has been added for the first in approach paper

   A.) growth rate and mechanism to achieve it
   B.) corruption, transparency, and governance
   C.) strengthening the agriculture sector
   D.) All of these

Answer: Option 'B'

corruption, transparency, and governance

20.

The first public sector bank of India which was given ISO certification was

   A.) PNB
   B.) SBI
   C.) Allahabad Bank
   D.) Canara Bank

Answer: Option 'D'

Canara Bank


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