Quiz 103: Business & Economy Awareness for Banking Examinations

1. In India, the commercial banks are required to provide how much percentage of the their advances to priority sector?
[A] 25%
[B] 30%
[C] 35%
[D] 40%

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2. All the foreign funds to come forward as Foreign Institutional Investments (FII) prior to any investment, are needed to register in which among the following bodies?
[C] Department of Economic Affairs
[D] Both A & B

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3. In which year First National Forest Policy issued by the Government of India?
[A] 1948
[B] 1952
[C] 1962
[D] 1968

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4. Consider the following

  1. Oil Palm
  2. Rubber
  3. Coffee
  4. Tea
  5. Sugarcane

Which among the above is/ are considered plantation crops in India for the purpose of agriculture policy?

[A] 1 & 2
[B] 1, 2 & 3
[C] 1, 2, 3 & 4
[D] 1, 2, 3, 4 & 5

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5. Laissez Faire is represented by which of the following economies?
[A] Free Enterprise Economy
[B] Government Controlled Economy
[C] Mixed Economy
[D] Socialist Economy

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6. Who among the following gave the “Theory of ‘Invisible hands’ in Management ?
[A] Adam Smith
[B] Philip Kotler
[C] C K Prahald
[D] None of the above

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7. Headquarters of Central Plantation Crops Research Institute is located at?
[A] Kasaragod, Kerala
[B] Dehradun Uttrakhand
[C] Shillong, Meghalaya
[D] Coiambatore, Tamil Nadu

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8. Which among the following is not the primary function of Commercial bank in India?
[A] Acceptance of Deposits
[B] Merchant Banking
[C] Advancing of Loans
[D] All of them are primary functions

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9. Which among the following are referred often as “Factories of Credit ” in India?
[A] NGOs
[B] Commercial Banks
[C] Corporates
[D] Cooperatives

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10. Which among the following is known as Treaty on European Union?
[A] Lisbon Treaty
[B] Paris Treaty
[C] Maastricht Treaty
[D] Treaty of Rome

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