Quiz 211 : Banking & Financial Awareness

1.Recently we read in the newspapers that the Reserve Bank of India (RBI) plans to launch an outreach programme across the country to evolve a workable model for which of the following ?
(A)fight with the menace of fake currency in India
(B)Banking at the village level
(C)Public Private partnership all over India in Rural & Urban Areas

2.K C Chakrabarty at present is at the following designation?
(A)Deputy Governor RBI
(B)Finance Secretary India
(C)Chairman Punjab National Bank

3.Recently we read in the newspapers that RBI is evolving models to achieve more “Financial Inclusion”. Which among the following is a big problem in rural branches which poses a backdrop in ‘financial inclusion’?
(A)There is little infrastructure in Rural areas of India
(B)Most of the rural branches are not CBS (Core Banking System) compliant
(C)The Banking Business in Rural areas is not profitable

4.Which of the following was the first corporation which collapsed due to the present Global Recession?
(A)Merrill Lynch
(B)Lehman Brothers
(C)Morgan Stanley

5.Recently we read in the newspapers that Export Import Bank of India (Exim Bank) is considering raising funds through Samurai bonds. Which among the following is true about Samurai Bonds?
(A)Yen-denominated bonds issued in Japan by a non-Japanese company and subject to Japanese regulations
(B)Yen-denominated bonds issued out of Japan by a Japanese company and not subject to Japanese regulations
(C)Yen-denominated bonds issued in Japan by a non-Japanese company and however not subject to Japanese regulations

6.Recently government has set up a standing committee on infrastructure finance, which will comprise 11 members, including Planning Commission secretary, RBI deputy governor, Irda chairman, and IIFCL chairman. Who will head this committee?
(A)D Subba Rao
(B)Ashok Chawla
(C)O P Bhatt

7.In which of the following banks Govt holding is 100% ?
(A)Indian Bank
(B)Union Bank of India
(C)United Bank of India

8.Recently World Bank has coined a new term CPL based on how people define poverty. Which among the following is correct expansion of CPL?
(A)Common Poverty Line
(B)Community Poverty Line
(C)Country Poverty Line

9.Many a times we read in the newspapers about money multiplier. For example it was 5.0 in December 2008. Money multiplier is a ratio between which of the following?
(A)M3 to M0
(B)M1 to M3
(C)M0 to M3

10.What was India’s Foreign Exchange Reserves at the end of March 2009?
(A)$ 252 Billion
(B)$ 325 Billion
(C)$ 292 Billion

11.To make an online transaction after August 1, 2009 we have to enter an additional password as per the recent directions by RBI.It is commonly known as _______?
(A)VBV – Verified by Visa
(B)MSC – MasterCard SecureCode
(C)Both of Them

12.In banking , CDR cell is related to which of the following ?
(A)Corporate debts
(B)Corporate Credits
(C)Non performing assets

13.Which among the following is a appropriate investment plan for wage earners and unorganized workers?
(A)Systematic Investment Plan
(B)Fixed Deposits
(C)Short Term Deposits

14.Which of the following programme was conceived by RBI to fill the gap existing in the formal financial network and extending the outreach of banking to the poor?
(A)Core Banking Solutions
(B)SHG-Bank linkage programme
(C)Microfinance institutions

15.In which year RBI had introduced a Banking Ombudsman Scheme ?

16.The Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 deals with which of the following?
(A)Problems of Non Performing assets NPA
(B)Financial Inclusion
(C)NPA and Financial Institution

17.The government and RBI have resolved to set up a modern facility for producing paper for currency notes in the country. At present at which of the following places India has this facility which is said to be old?

18.The UP stock exchange which is an approved stock exchange in located at which of the following places?

19.Hang Seng is a share price index in which of the following share market?
(B)Hong Kong

20.MIBID and MOBID were launched by National Stock Exchange in which year as two reference rates for loans of Interbank Call Money Market?


  1. Anonymous

    September 16, 2009 at 2:54 am

    hey, wats d matter, i am unable to copy the text, dats not coool……..not at all……

  2. Anonymous

    September 16, 2009 at 3:07 am

    n yeah, i reckon u forgot that I can copy text in answer box, go on man, stop dat also, its very kind of you…….u……..

  3. the Y

    September 16, 2009 at 3:40 am

    Sir, believe me u will earn more goodwill and even material value from allowing us aspirants to copy stuff from here….u are building up an ocean of data for competition from which we can collect our little droplets!

    The ocean will not lose anything….

    – the Y

  4. sreedhar

    September 16, 2009 at 3:46 am

    Sir,ur website is simply amazing…my general knowledge is gettind upgraded day by day…thanks for ur efforts…i request u to post some questions like

    1)match the following
    2)which among the statements is/are true?
    3)assertions and reasons

    and similar type of questions asked in UPSC prelims

    it would be very helpful for us if u post such questions atleast once in a month since most of the followers are civil service aspirants…once again i thank u for the efforts…..

  5. the Y

    September 16, 2009 at 4:33 am

    Thank u very much for re-vitalizing the copying option on this site. I must say, with ur altruistic and perfectionist mannerisms, the country has lost out on a great administrator!

    But as they say, there are no accidents, just a purpose we dont know yet – may be this is ur purpose: to herald the biggest online revolution for this exam which has hitherto been untouched by internet…..

    Hats off n keep going….!


    – the Y

  6. sreedhar

    September 16, 2009 at 4:33 am

    sir,i also wish u to give four options for each question so that it would be much more competitive for us while taking the quiz…thanks and regards

  7. Rohit

    September 16, 2009 at 10:50 pm

    Point raised by Sridhar is very correct.
    Sir, could you post, questions like match the following, assertions and reasons, chronology of dates, etc. which come in UPSC-Prelims…
    It will help us a lot and gain more info from every question


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