Saturday, July 06, 2013

General awareness Questions for GIC/RBI/IBPS PO/CLERK CWE III SET:-017

1. Which among the following statements is true about the 5th BRICS Summit?(A) South Africa hosted the fifth BRICS Summit at the Durban International Convention Centre(B) BRICS are creating a Development Bank focused on infrastructure, with a common currency pool to assist with development and loans as an alternative to the IMF and other international financial institutions; (C) China and Russia discuss a $30 million currency swap.(D) This completed the second cycle of BRICS summits. (1) Only A (2) Only B & D (3) Only A & B (4) Only B & C (5) All are true
2. Which among the following statements is true about the Union Budget 2013-14 introduce recently by Finance Minister P. Chidambaram?(A) Total fund allocated for Mid-day meal scheme is Rs 13,215 crore.(B) Revenue Deficit seen at 3.3 % 2013/14(C) Rs 10,000 crore to NABARD to finance construction of godowns and warehouses(D) Total capital infusion for Public Sector banks in budget is Rs 14,000 crore. (1) Only A & B (2) Only B & C (3) Only A & D (4) Only A, B & D (5) All A, B, C & D
3. Recently Eurozone finance ministers and the International Monetary Fund signed a deal in Brussels to aid Cyprus with a bailout worth 10 billion Euros. Which of the following statements is true regarding this deal?
(A) Cyprus which accounts for just 0.2 percent of the combined eurozone economy ,thus becomes the fifth member state to secure a debt rescue package from its eurozone partners in the three-year debt crisis(B) Under the deal, Cyprus agreed for increasing the nominal corporate tax rate to 12.5 percent, increasing it by 2.5 percent.(C) Originally, Cyprus had estimated its requirement for 20 billion Euros, which was the amount that it required for restoration of its economy.
(1) Only A (2) Only A & B (3) Only B & C (4) Only A & C (5) All A, B, & C
4. Which among the following committee is set up for giving clear definitions to FDI and FII with an aim to remove ambiguity over the two types of foreign investments?(1) Gopinath committee (2) Subir Gokran committee(3) Arvind Mayaram committee (4) Sushma Nath committee(5) None of these
5. As per the new final guidelines released by the Reserve Bank of India (RBI) for issuing new banking licenses norms to allow private and the public sector as well as non-banking financial companies to enter the fray. Which of the following statements is Correct in this regard?(A) The final guidelines sets 49 per cent cap on foreign holding in new banks and minimum paid-up equity capital is Rs 1000 crore.(B) New banks will have to set up 25 per cent of its branches in unbanked rural areas.(C) The paid-up equity capital should be Rs 500 crore and they will have to get listed within three years of operations.
(1) Only A & B (2) Only B & C (3) Only A & C (4) All A, B & C (5) None of these
6. The rate of interest, banks charge to its main/major and prime; customers is popularly called as1) Prime Lending Rate 2) Repo Rate 3) Cost of Fund 4) Risk Premium 5) Reverse Repo Rate
7. Currency Swap is an instrument to manage?1) interest rate risk 2) currency risk3) currency and interest rate risk 4) cash flows in different currencies5) All of the above
8. When a bank dishonours a cheque ____?1) it is called withdrawing of the cheque 2) it is called settlement of the cheque3) it is called nullifying of the cheque 4) it is called return of the cheque unpaid5) it is called truncating of the cheque
9. Loans of very small amounts given to low income groups is called:1) Micro Credit 2) Cash Credit 3) Simple Overdraft 4) Rural Credit 5) No Frills Loan
10. Under provisions of which one of the following Acts, the Reserve Bank of India (RBI) issues directives to the Banks in India?1) Banking Regulation Act 2) Essential Commodities Act3) Banking Regulation Act4) RBI and Banking Regulation Act5) None of these
11. In banking terms, BCSBI stands for which of the following?1) Banking Credit and Securities Board of India 2) Banking Codes and Standards Board of India3) Banking Consumer and State Board of India 4) Banking Commerce and Secretarial Board of India5) Banking Communications and Systems Board of India
12. When we deposit a cheque issued in our name in the bank, the bank always checks if the cheque has been crossed or not? Why is this done?
1) It is a process by which the person who has issued the cheque comes know whether the cheque is enchased or not
2) It ensures that the money is deposited only in the account of the person in whose name the cheque has been drawn3) The bank insists on it only when the party wants the payment immediately and that too in cash only
4) This is the instruction of RBI that all the cheques of the amount of Rs 10,000 should be accepted only if they are crossed5) None of these
13. When the loan is guaranteed for purchase of white goods it is called?1) White goods loan 2) Consumer durable loan3) Business loan 4) Consumption loan 5) Proprietary loan
14. Lack of access to financial services is technically known as:1) financial inclusion 2) financial stability3) financial instability 4) financial exclusion5) poverty
15. IIP stands for:(1) India’s Industrial Production (2) Index of Industrial Production (3) Index of Intermediate Productions(4) Index of Industrial Potential(5) None of these
16. Who among the following is appointed to head a 10-member global task force to prepare a Knowledge management system for promoting global cooperation in anti-corruption measures and keep a check on black money?(1) Kuldeep Khoda (2) Pradeep Kumar(3) Vinod Mehta (4) Rajesh Chauhan(5) None of these
17. Which among the following is not directly controlled by RBI?(1) Bank Rate (2) Base Rate (3) Repo Rate (4) CRR (5) SLR
18. A loan bearing low rate of interest is known as:(1) Hard loan (2) Soft loan (3) Capital loan (4) Real loan (5) None of these
19. World Bank Group announced the appointment of an Independent panel of experts to conduct a review of it’s Doing Business report. Who among the following from India has been appointed as one of the ten International experts to this panel?(1) Dr. K. Kasturirangan (2) B.K. Chaturvedi(3) Narendra Jadhav (4) Arun Maira(5) None of these
20. Which among the following is the High-level committee that went into the Commonwealth Games related projects, has suggested changes in the functioning and structure of top audit and vigilance bodies like the Comptroller and Auditor General making it a three-member body?(1) U.C. Banerjee Committee (2) Shunglu Committee(3) Palekar Committee (4) A Ghosh Committee(5) None of these
21. Sub – Prime lending refers to:(1) lending to the customers who are most value for the banks(2) lending to the customers who visit bank for the very first time(3) lending to the people with less than standard credit status(4) lending to the people who live a sub – standard life(5) None of these
22. Which of the following is the deadline set by RBI for Indian Banks to complete their conformation to the Basel – III norms?(1) March 2020 (2) March 2016(3) March 2018 (4) March 2014(5) None of these
23. CAPART is associated with which of the following?(1) Energy Sector (2) Rural Development(3) Infrastructure (4) Foreign trade(5) None of these
24. To which of the following banks of Russia, the Reserve Bank of India (RBI) has granted permission to open its branch in New Delhi?(1) Aktive Bank (2) Bank BFT(3) Inkas Bank (4) Gazprom Bank(5) MDM Bank
25. Certificates of Deposits have a minimum value of :(1) Rs 1 lakh (2) Rs 10 lakh(3) Rs 25 lakh (4) Rs 1 core(5) None of these
26. Commercial paper can be issued:(1) By all corporate (2) By all corporate with net worth of at least Rs 10 crore(3) By all corporate with net worth of at least Rs 5 crore(4) Can be issued only by banks(5) None of these
27. Which of the following is not true?(1) Call money deals with overnight loans(2) As special cases, few FIs like LIC, UTI can borrow in the call money market(3) Call loans are made on a ‘clean basis’(4) Is a part of organized money market(5) None of these
28. Planning Commission has set up a high level expert committee to suggest measures for efficient management of public – expenditure under the chairmanship of ____(1) Prof. Ravindra Dholakia (2) C. Rangarajan(3) K. Kasturirangan (4) Nitin Desai(5) None of these
29. A bank accepts a deposit from a corporate house. The feature of the deposit are:(A) accepted at a discounted value(B) stamp duty is borne by the bank(C) issued as issuance of promissory note(D) TDS is not applicable
Identify the deposit:(1) Commercial paper (2) Certificate of deposit(3) Flexi deposit (4) Caution deposit(5) None of these
30. National Savings Certificate matures at the end of-(1) 6 years (2) 3 years (3) 5 years (4) 10 years (5) None of these
31. Many a Times, we read in Financial Newspapers about a term called “Loan Syndication”. What exactly is Loan Syndication?(1) In Loan Syndication, more than one debtors applying for a loan to one creditor(2) In Loan Syndication, more than one creditors coming together to provide single loan(3) Loan Syndication, more than one creditors coming together to provide multiple loans(4) All of the above (5) None of these
32. This committee is associated with finance to small scale industries.(1) C. E. Kamath (2) Malegam (3) G.S. Patel (4) Chatelier (5) Khanna
33. If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following?(1) Fiscal Adjustment (2) Deficit Financing(3) Mandatory spending (4) Retrenchment(5) None of these
34. The newly inaugurated helpline ‘Udyami’ is to assist:(1) Micro, Small and Medium Enterprises(2) Large Capital industries(3) Only Female Entrepreneurs(4) Farmers introducing technology in farming(5) None of these
35. The Statutory Liquidity Ratio (SLR), the amount of liquid assets such as cash, precious metals and other short-term securities are kept with:(1) RBI (2) Individual banks (3) Finance Ministry (4) A bank designated by RBI (5) None of these
36. Who has been appointed as New Chief Economic Advisor?(1) Anup Sankar Bhattacharya (2) Raghuram G Rajan
(3) Leila Semson (4) M V Nair (5) Kaushik Basu
37. RBI hike policy rates by 25 basis point in percentage term it is equivalent to-(1) 0 .25% (2) 25%(3) 0.025% (4) 2.5% (5) .0025%
38. Bhandari Committee is related to:(1) Entry of private players in telecommunication sector(2) Organization of Railway Zones(3) Reconstruction of RRBs (4) Reforms in oil sector(5) None of these
39. Which among the following committee has looked into the maladies affecting the proper functioning of the public distribution systems (PDS) in India?(1) Suresh Tendulkar Committee (2) Kaushik Basu Committee(3) Wadhwa Committee(4) Rangarajan Committee(5) None of these
40. Which among the following countries had hosted the 14th meeting of BASIC Environment Ministers?(1) India (2) China (3) Brazil (4) South Africa (5) None of these
41. World Bank slashed the Global Growth Forecast to ___?(1) 4.5% (2) 2.4%(3) 5.5% (4) 3.4%(5) 6%
42. Recently UN projected how much percent of economic growth this year (2013) for India?(1) 7.5% (2) 8%(3) 6.2% (4) 9%(5) None of these
43. ARCIL is an example of:(1) A financial institution (2) A mutual fund(3) An asset management company set up to acquire NPAs of banks(4) A discount and financing house(5) None of these
44. What is the current SLR requirement of the banks?(1) 40% of the deposits(2) 25% of the deposits(3) 31% of the deposits(4) 24 % of the deposits(5) None of the above
45. What is the CRR currently prescribed by RBI?(1) 5.5% (2) 4.25%(3) 4.75% (4) 6% (5) 4 %
46. What is the stipulated share of the priority sector in the net bank credit?(1) 35% (2) 20% (3) 40% (4) 45%(5) None of these
47. Which of the following statements is true about the G-20 group? (A) The objective of the G-20 refers to: Policy coordination between its members in order to achieve global economic stability, sustainable growth.(B) G20 members represent almost 90% of global GDP.(C) Until now eight G20 Leaders' Summits took place.
(1) Only A (2) Only B & C (3) Only A & C (4) Only A & B (5) All A, B & C
48. FDI and FII both terms are used in the context of foreign exchange investment by the foreigners into the country; however there are many differences between the two. Find out the incorrect statement(s) among the given options?
(A) FDI brings the foreign exchange which results in increase in employment opportunities, whereas FII does not offer these advantages.(B) FDI is short term in nature as the company doing foreign direct investment comes into the country for short period of time, whereas FII is long term in nature because foreign institutional investor tends to rotate their money across many countries.(C) FDI is concentrated to one sector only whereas in case of FII there is no such restriction as they tend to invest across all the listed companies in the stock market.(1) Only A (2) Only B (3) Only C (4) Only A & C (5) Only B & C
49. Income limit under Rajiv Gandhi Equity Savings Scheme (RGESS) will be raised from Rs. 10 lakh to ____?(1) Rs 11 lakh (2) Rs 13 lakh(3) Rs 12 lakh (4) Rs 15 lakh(5) None of these
50. Fiscal deficit for 2013-14 is pegged at how much per cent of GDP? (1) 4.9% (2) 5.2%(3) 6.2% (4) 4.8%(5) None of these

Answers: (1) 3 (2) 4 (3) 2 (4) 3 (5) 2 (6) 1 (7) 4 (8) 4 (9) 1 (10) 4 (11) 2 (12) 2 (13) 2 (14) 4 (15) 2 (16) 2 (17) 2 (18) 2 (19) 4 (20) 2 (21) 3 (22) 3 (23) 2 (24) 3 (25) 1 (26) 3 (27) 2 (28) 2 (29) 2 (30) 3 (31) 2 (32) 2 (33) 2 (34) 1 (35) 2 (36) 2 (37) 1 (38) 3 (39) 3 (40) 1 (41) 2 (42) 3 (43) 3 (44) 5 (45) 5 (46) 3 (47) 4 (48) 2 (49) 3 (50) 4

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