General Awareness Practice Series-15

1. ASHA is a government of India Scheme related to which among the following Flagship Programmes?
[A]Mahatma Gandhi National Rural Employment Guarantee Scheme
[B]National Rural Health Mission
[C]Integrated Child Development Services Scheme
[D]Bharat Nirman


2. Consider the following:
1. Central Government
2. State Governments
3. Public Banks
4. Private Banks
5. General Public
Who among the above can borrow from RBI?
[A]1 2
[B]1 2 3
[C]1 2 3 4
[D]1 2 3 4 5


3. In which year, India launched it Look East Policy?
[A]1986
[B]1992
[C]1993
[D]1995


4. Which among the following is NOT a function of commercial bank in India?
[A]Selling National Saving Certificates
[B]Purchasing Corporate Bonds
[C]Operations in Call Money Market
[D]Providing No-frill Services


5. Which among the following does not partner in Bharat Nirman?
[A]Government of India
[B]State Governments
[C]Panchayati Raj Institutions
[D]Private Entrepreneurs


6. Department of disinvestment comes under which among the following ministries?
[A]Ministry of Finance
[B]Ministry of Commerce & Industries
[C]Ministry of Programme Implementation
[D]Ministry of Corporate Affairs


7. Which among the following are the two states of India, where Thorium is found in good quantities?
[A]Kerala & Andhra Pradesh
[B]Kerala & Tamil Nadu
[C]Rajasthan and Kerala
[D]Kerala & Odisha


8. What is the interest rate on Savings Accounts in India at present?
[A]3.00%
[B]3.25%
[C]3.50%
[D]4.00%


9. Consider the following:
1. Individual money lenders
2. Cooperative Banks
3. Primary Agri-Credit Societies
Which among the above are parts of Indian Money Market?
[A]None of them
[B]Only 2
[C]Only 2 & 3
[D]All of them


10. Which among the following is used by Reserve Bank of India for “sterilization of the Capital Inflows” ?
[A]Base Rate System
[B]CRAR Obligations
[C]Open Market Operations
[D]Credit Authorization Scheme


11. Asset Reconstruction Company of India (ARCIL) has been launched to deal primarily with ____?
[A]Infrastructure Lending
[B]Asset Planning
[C]Non-performing Assets
[D]Credit Rating


12. Which among the following is NOT a must condition for a Scheduled Commercial Bank in India?
[A]It should be in the second schedule of RBI act 1934
[B]Its Paid Up Capital should be at least Rs. 1 Crore
[C]It must deposit with RBI as per the CRR
[D]It must have facilities of a clearing house


13. The nationalization of Banks in India took place in 1969 by ____?
[A]An Act of Parliament of India
[B]An Ordinance Promulgated by President of India
[C]An amendment of Constitution of India
[D]A Notification by Government of India


14. The Industrial Finance Corporation of India is a subsidiary of which among the following banks?
[A]RBI
[B]IDBI
[C]ICICI
[D]NABARD


15. National Equity Fund is managed by which among the following?
[A]RBI
[B]SIDBI
[C]IDBI
[D]NABARD

16. The rate at which RBI purchases or rediscounts bills of exchange of commercial banks is called?
[A]Repo Rate
[B]Reverse Repo Rate
[C]Bank Rate
[D]Base Rate


17. In the capital market , simultaneous purchase and sale of securities to reduce the loss on purchase is known as …..?
[A]Arbitrage
[B]Hedging
[C]Trend following
[D]Shorting


18. Where do the Commercial Banks keep the liquid assets under the Statutory Liquidity Ratio?
[A]With RBI
[B]With other banks
[C]In the Market
[D]With Themselves


19. The terms such as ‘placement, layering, integration of funds’ are related to which among the following?
[A]Fiscal Management
[B]Financial Stability
[C]Money Laundering
[D]Capital Market Trading


20. Net Interest income is
[A]Interest earned on advances
[B]Interest earned on investments
[C]Total interest earned on advances and investment
[D]Difference between interest earned and interest paid


21. “Interest rate risk” can be placed in which among the following categories?
[A]Credit Risk
[B]Market Risk
[C]Operating Risk
[D]All of above


22. In an inflationary trend, the pricing of the bank products are:
[A]At increasing trend
[B]At decreasing trend
[C]No relevance of Inflation
[D]Constant


23. Consider the following statements:
1. Foreign Exchange markets are dynamic and round the clock markets.
2. Some Foreign Exchange markets operate within a country’s time zone.
3. Foreign Exchange markets are used only for trade
Which among the above is/ are correct statements ?
[A]Only 1
[B]1 & 2
[C]2 & 3
[D]1, 2 & 3


24. In which year Bombay Stock Exchange was established?
[A]1865
[B]1875
[C]1880
[D]1890


25. In which year NSE was established?
[A]1978
[B]1985
[C]1994
[D]1998


26. Who among the following own the EXIM Bank?
[A]Government of India
[B]Government of India + Reserve Bank of India
[C]Government of India + Reserve Bank of India +Some commercial Banks
[D]Government of India + Reserve Bank of India +Some commercial Banks + Financial Institutions


27. An Inchoate Instrument as per the NI Act is a document which is ____?
[A]Fraudulent
[B]Incorrect
[C]Incomplete
[D]Handwritten


28. Consider the following statements:
1. ICICI Bank was the first Bank to offer Internet banking in India
2. ICRA is a credit rating agency promoted by the Industrial Finance Corporation of India
3. Component of Gold and Gold Bullion in the assets of Issue Department of RBI are to be not less than Rs. 115 Crores.
Which among the above statements is/ are correct?
[A]Only 1
[B]1 & 2
[C]2 & 3
[D]1, 2 & 3


29. Which among the following is the highest credit risk rating that can be awarded to any company by CRISIL?
[A]AAA
[B]AAA+
[C]AA+
[D]A++


30. Consider the following:
Assertion: Bankers, in general, are hesitant to finance HUF (Hindu Undivided Family)
Reason: The liability of the firm to the banker is susceptible to change with the birth of male
child or with the death of a male coparcener in the HUF
Choose the correct option:
[A]Both Assertion and Reason are correct and Reason is correct explanation of Assertion
[B]Both Assertion and Reason are correct and Reason is NOT correct explanation of Assertion
[C]Assertion is correct, Reason is incorrect
[D]Assertion is incorrect, Reason is correct