Quiz 163 : Bank PO Special Test Paper

1.The import & export bank of India commonly called Exim Bank was established in 1982. Which of the following was not an objective of EXIM Bank?
(A)Take over the operations of the Domestic Finance Wing of IDBI
(B)Provide financial assistance to exporters & Importers
(C)apex financing institution to coordinate the working of other institutions related to exports & imports

2.Which among the following price indices is available on a weekly basis?
(A)Consumer price Index for Rural Laborers
(B)Consumer Price Index for Industrial Workers
(C)Wholesale Price Index

3.Which of the following is correct about a rupee coin in India?
(A)Its face value is higher than its metallic value
(B)Its metallic value is higher than its face value
(C)the metallic value and face value are equal

4.Which among the following is correct about legal tender of coins in India?
(A)Rupee & Half Rupee coins have unlimited legal tender while smaller coins have limited legal tender
(B)Rupee & Half Rupee coins have limited legal tender while smaller coins have unlimited legal tender
(C)all coins have unlimited legal tender

5.The nominal exchange rate is adjusted periodically to a set of indicators and not allowed to fluctuate beyond a narrow range. Which kind exchange rate regime is defined by this sentence?
(A)Floating with a band
(B)Crawling peg
(C)Currency Board

6.Many a time we read in the newspapers that Reserve Bank of India intervenes in the market at regular intervals to direct the movement of Rupee values. This means that India's exchange rate system is a _______?
(A)Free Float System
(B)Managed Float System
(C)Currency Board

7.Which of the following is the most active instrument of organized money market in India?
(A)Call Money Market
(B)Treasury Bills
(C)CPs & CDs (commercial papers & Certificates of deposits)

8.Which among the following is INCORRECT regarding the Prime Lending Rate (PLR) in India ?
(A)It is the lowest rate of Interest that a bank charges from its best customers.
(B)RBI is the sole authority to announce PLR for public sector banks in India
(C)Normally loans are higher than the PLR

9.Which among the following is incorrect regarding NPA (Non Performing Assets)?
(A)They are loans given by a bank of financial institution where the borrower defaults or delays interest or principle amount
(B)Banks are not allowed to book any income from NPAs
(C)A loan repayment which is delayed beyond 1 year has to be identified as NPA

10.The proportion of a bank's total assets that is held in the form of shareholders equity and certain other defined classes of capital is called as _______?
(A)Statutory Liquidity Ratio
(B)Capital Adequacy Ration
(C)Capital Gearing Ratio

11.A statement of estimated receipts and expenditures of the Government of India has to be placed before parliament (known as Budget ) for every financial year (April 1 to march 31) . Which article says this?
(A)Article 110
(B)Article 111
(C)Article 112

12.Which of the following Indian rating agency was jointly promoted by ICICI & UTI to rate debentures?
(A)CRISIL
(B)CARE
(C)ICRA

13.Corporate Tax is a kind of _______?
(A)Direct tax
(B)Indirect Tax
(C)Service Tax

14.In which Financial Year, Service Tax was introduced to address the asymmetric and distortion treatment of goods & services in the tax framework?
(A)1991-92
(B)1993-94
(C)1997-98

15.Which committee on the 'Working of the monetary system in India 'emphasized that real deficit should include not only the over all budgetary deficit but also the market borrowings and other liabilities giving birth to a new concept of " Fiscal Deficit" ?
(A)S Chakravarty Committee
(B)Narsimham Committee
(C)Gadgil Committee

16.Deepika Padukone is the brand ambassador of _______?
(A)MTNL
(B)BSNL
(C)Airtel

17.Who among the following is playing a major role in process of providing a Unique Identification Number to India's citizens ?
(A)Azim Premji
(B)Nandan Nilkeni
(C)N. R. Narayana Murthy

18.What is National Sex Ratio as per census of 2001?
(A)965
(B)933
(C)936

19.Mr. Joseph (imaginary name) is a senior executive in a multinational company. He can not open an account in which of the following Banks?
(A)Regional Rural Banks
(B)Reserve Bank of India
(C)Urban Cooperative Banks

20.Hindustan Copper Limited is a _________?
(A)Nav ratna Company
(B)Mini Ratna Company
(C)Maha ratna Company