Wednesday, 25 December 2013

Banking Awareness Quiz

Selected Questions From IBPS CWE 2011 (PO)

Which one of the following is the objective of Corporate Social Responsibility (CSR) issued by the Government?
(a) To ensure that Companies take steps for rehabilitation of project affected people
(b) To ensure that Companies use some of their profits for educating the project affected people
(c) To ensure that Companies provide health care to project affected people
(d) To ensure that Companies take preventive measures to avoid environmental damage
(e) None of these
Answer) a

 In NPA, "A" Stands for ……………
(a) Association
(b) Assets
(c) Advance
(d) Annual
(e) Not
 Answer) B

"Wanchoo Committee" is related to ……………?
(a) Indirect Taxes
(b) Direct Taxes
(c) Both A & B
(d) Neither A nor B
(e) None of these
Answer)  b

 In economic terms, the total market value of all final goods and services produced in a country is a given year is known as ______
(a) GNI
(b) GDP
(c) Inflation 
(d) PPP
(e) WPI
Answer) b

 Lack of access to financial service is technically known as-
(a) Financial Stability
(b) Financial inclusion 
(c) Financial Instability
(d) Financial exclusion 
(e) None of These
Answer) d

Which of the following organisation has been established mainly to promote micro, small & medium industrial sector in India?
(a) NABARD
(b) SIDBI
(c) IDBI Bank
(d) RBI
(e) Not
Answer) b

"Closed Economy" is that economy in which ___
(a) Only Export takes place
(b) Money supply is fully controlled 
(c) Deficit financing takes place
(d) Neither export nor import takes place
(e) None of These
Answer) d

"Open Market operation" is a part of _____
(a) Income policy 
(b) Physical policy
(c) Credit policy
(d) Labour policy
(e) None of These
Answer) c

Which Bank is limited to the needs of agriculture and rural finance?
(a) SBI
(b) IFC
(c) NABARD
(d) RBI
(e) None of These
Answer) c

What is "Zero Base Budgeting"?
(a) Infinite deficit financing 
(b) No curtailment in unproductive expenditure
(c) No appraisal of new programmes
(d) Preparation of new budget every time 
(e) None of These
Answer) d

Which of the rate is not determined by RBI?
(a) Bank Rate 
(b) PLR
(c) CRR
(d) SLR
(e) None of These
Answer) b

Which of the following nations is considered the originator of the concept of Micro finance?
(a) INDIA 
(b) PAKISTAN 
(c) JAPAN
(d) BANGLADESH
(e) AFGANISTAN
Answer) d

Many a times we come across a term "DDT" in the financial or Economic transaction. What is the full form of it?
(a) Direct distribution treaty
(b) Direct distribution terminals
(c) Dividend distribution tax
(d) Delhi Denmark treaty 
(e) None of These
Answer) c

“Trusted family Bank” is punch lines of which bank.
(a) Allahabad Bank
(b) Canara Bank 
(c) Dena Bank
(d) UCO Bank
(e) None of These
Answer) c

Which of the following agencies in India is responsible for computation of National Income?
(a) NSS
(b) SIDBI
(c) RBI
(d) NCAER
(e) CSO
Answer) c

Which type of Bank A/C can be opened by a NRI. (Non Resident Indian) in India?
(a) Current A/C
(b) Saving A/C
(c) Fixed deposit A/C
(d) Locker A/C
(e) None of These
Answer) c

Prof Muhammad Yunus, the recipient of the Nobel prize 2006 is the exponent of which of the following concepts in the field of banking?
a) Core Banking
b) Micro Credit
c) Retail Banking
d) RTGS
d) Internet Banking
Answer) b

Banks in India are required to maintain a portion of their demand and time liabilities with RBI. This portion is known as ______
a)SLR
b) CRR
c) Bank Deposit
d) Reverse Repo
e) Government Securities
Answer) a

Pre Shipment finance is provided by banks only to ________
a) Credit Card Holders
b) Students aspiring for further studies
c) Brokers in Equity Markets
d) Village Artisans
e) Exporters
Answer) e

"Passion To Perform" is the tagline of _______?
(a) Canara Bank
(b) Deaushe Bank
(c) Yes Bank
(d) Union Bank
(e) Federal Bank

Answer) b

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