GK for Bank PO & Bank Clerical Recruitment Tests
11. Many a times, we read in the newspapers that Government of India has been struggling to achieve the Fiscal Deficit targets. What exactly is Fiscal Deficit?
[A]The gap between projected or estimated GDP and actual GDP
[B]The total value of currency notes issued and currency actual in circulation
[C]The gap between actual borrowings of government of India and expected expenditures as per budget provisions
[D]Excess of Government’s disbursement comprising current and capital expenditures over its current receipts
Excess of Government’s disbursement comprising current and capital expenditures over its current receipts
12. As per the recent data relapsed by the Government of India, approximately what fraction of India’s Oil and petroleum consumption, is consumed by fertilizer and power sector?
[A]40%
[B]50%
[C]60%
[D]70%
70%
13. The Shanghai Cooperation Organization (SCO) has been frequently in news now a days. Which among the following countries is not a member of SCO?
[A]China
[B]India
[C]Kazakhstan
[D]Tajikistan
India
14. What index is used by the United Nations Development Programme (UNDP) in its annual Human Development Report for Gender related standard of living?
[A]Gender Development Index
[B]Gender Empowerment Index
[C]Gender Empowerment Measure
[D]Gender Parity Index
Gender Development Index
15. In context with Indian Banking markets, “Certificates of Deposit” is a frequently used term. Which among the following is NOT a correct statement for “Certificates of Deposit”?
[A]They are Negotiable money market Instruments
[B]They are issued for a minimum of 7 days maturity period
[C]Banks have the freedom to issue CDs depending on their funding requirements
[D]Minimum amount of a CD should be Rs. 5 lakh
Minimum amount of a CD should be Rs. 5 lakh
Minimum amount of a CD should be Rs.1 lakh, i.e., the minimum deposit that could be accepted from a single subscriber should not be less than Rs.1
lakh, and in multiples of Rs. 1 lakh thereafter.
16. In context with various Financial Systems, Which among the following is not related to India?
[A]RTGS
[B]NEFT
[C]CHAPS
[D]IFSC
CHAPS
National Electronic Fund Transfer (NEFT) is an online system for transferring funds of Indian financial institution. CHAPS is Clearing House Automated
Payment System of UK. IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the
NEFT system. RTGS is Real Time Gross Settlement.
17. In which among the following years, the Consumer Protection Act was implemented in India?
[A]1987
[B]1989
[C]1992
[D]1993
1987
April 15, 1987
18. The foundation for induction of Computer Technology in the Indian Banking Sector, was laid with the recommendations of which among the following committees?
[A]Abid Hussein Committee
[B]Dr. Rangarajan Committee
[C]Narsimham Committee
[D]Tarapore Committee
Dr. Rangarajan Committee
19. In the RTGS or Real Time Gross Settlement, which among the following works as central processing agent?
[A]Reserve Bank of India
[B]Institute for Development & Research in Banking Technology [IDRBT]
[C]Indian Financial Network
[D]Indian Banks Association
Institute for Development & Research in Banking Technology [IDRBT]
20. In context with the various kinds of unemployment, the unemployment of a person when he/ she is in midst of transiting between jobs, searching for new job comes under the which of the following category?
[A]Cyclical
[B]Voluntary
[C]Frictional
[D]Seasonal
Frictional
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Deepak
March 2, 2012 at 11:30 amProvision coverage ratio refers to the percentage of the loan amount that the bank has set aside as provisions to meet an eventuality where the loan might have to be written off it becomes irrecoverable.
In simple terms it can be explained as bad debts which becomes a loss to the bank.
It is a measure that indicates the extent to which the bank has provided (set aside money to bear the loss) against the troubled part of its loan portfolio.
Provision coverage ratio = Cumulative provisions / Gross NPAs
Here NPA means Non –Performing Asset.
Deepak
March 2, 2012 at 11:38 amSo easing pCr will increase the money in the market.
sana
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Chhavi Sharma
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deepak kumar gupta
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sachingaike21
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devesh1986
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preeti
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kgulati85
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