Quiz 319: India’s Finance, Business & Economy for Forthcoming Bank PO Examinations
1.Which among the following management institutes of India has featured among top 20 for last 3 years in the Best Global Business Schools a ranking done by Financial Times, London?
(A)Indian Institute of Management, Ahamedabad
(B)Indian School of Business, Hyderabad
(C)Indian Institute of Management, Lucknow
(D)Faculty of Management studies, Delhi University
(E)None of them
2.In context with the financial markets in India, which among the following aims to trap the innocent investors and intends to create huge false volumes?
(C)Intra -Day trading
3.Who among the following is writer of “Three Trillion Dollar War” a Business Bestsellers in 2009?
(B)Steven D Levitt
4.In context with the business and banking, what is CRAR?
(A)Capital to Risk Asset Ratio
(B)Credit to Risk Asset Ratio
(C)Credit to Risk Assessment Ratio
(D)Capital to Risk Assessment Rate
(E)Credit Rate Assessment Ratio
5.Global Trust Bank was acquired by which of the following banks in year 2004?
(B)Union Bank of India
(C)Oriental Bank of Commerce
6.Consider the following statements regarding Rural Non Farm Sector (RNFS) in India:
1. Rural Non Farm Sector (RNFS) provides alternative employment and income generation opportunities in rural areas
2. Rural Non Farm Sector (RNFS) covers all the activities in the primary sector of Indian Economy
3. Rural Non Farm Sector (RNFS) is now in NABARD’s list to provide credit
Which among the above statements are correct
(A)1 & 2
(B)2 & 3
(C)1 & 3
7.Which among the following is the main function of a stock exchange?
(A)Funding the corporate segment
(B)Funding the commercial banks
(C)funding the financial intermediaries
(D)Provide liquidity to existing securities & shares
(E)all of above
8.Which among the following economic disasters is known to be an outcome of beggar-thy-neighbour policies as one reason among others ?
(A)Global Financial Crisis of 2008
(B)Asian Crisis of Nineties
(C)The Great Depression of 1920s
(D)Energy crisis of 1970
(E)None of them
9.In context with the financial markets , which among the following is not allowed at present in India?
(B)interest rate futures
(C)credit default swaps (CDS)
10.Which among the following refers to Star Series Notes in India?
(A)Notes having a big star printed on their panel
(B)New series of notes in the denomination of Rs. 500
(C)Bank notes with defective printing
(D)Banks notes with stars in their security threads
(E)None of them
11.Which among the following statements is incorrect:
(A)Bank notes in India are guaranteed by Central Government
(B)RBI is liable to pay stamp duty under Indian Stamp Act for issuing notes
(C)RBI has the sole right of issuing bank notes in India
(D)The power to discontinue / non issue of any denomination of banks lies with Central Government
(E)all are correct statements
12.What is the current corpus of Tribal Development Fund (TDF) of National Bank for Agriculture and Rural Development (Nabard) at present?
(A)Rs. 200 Crore
(B)Rs. 400 Crore
(C)Rs. 600 Crore
(D)Rs. 800 Crore
(E)Rs. 1000 Crore
13.For which of the following states in India , recently World Bank has approved the National Cyclone Risk Mitigation Project (NCRMP)?
14.Which among the following is / are Negotiable instruments ? (More than 1 options)
(C)Letter of credit
15.Consider the following: 1. Cheque 2. Bill of exchange 3. Promissory Note
Which among the above 3 instruments can be crossed?
(B)1 & 2 only
(C)2 & 3 only
(D)1 & 3 only
(E)all of them
16.We read in the newspapers that during last one year or so, public sector banks in India have emerged a stronger, leaner and more nimble than ever in spite of the Global financial crisis and subsequent flight to safety. From the following options bring out the factors which did not contributed to the
increased strength of Public Sector Banks in India?
(A)A large Voluntary Retirement Scheme
(C)Introduction of new products
(D)collateralized debt obligations
(E)None of the above
17.Which among the following in India releases data on balance of payments (BoP) from time to time?
(A)Central Statistical Organization
(B)Ministry of Finance, Government of India
(C)Ministry of Commerce & Trade , Government of India
(D)Reserve Bank of India
(E)Cabinet Committee on Economic Affairs
18.During the July September quarter of 2009, India’s Trade Deficit was $ 32.20 Billion compared to July September of 2008 value. This means that India during that period________?
(A)Exported worth $ 32.20 Billion as compared to same quarter of 2008
(B)Exported worth $ 32.20 Billion more as compared to Imports during the same quarter
(C)Imported worth $ 32.20 Billion more as compared to Exports during the same quarter
(D)Imported worth $ 32.20 Billion as compared to same quarter of 2008
(E)None of them
19.From January 1, 2010 India’s Insurance regulator, the Insurance Regulatory and Development Authority (IrDA) guidelines capping overall charges on Ulips have come into force. Which among the following effect is seen after this ______?
(A)The commissions of Financial Products Distributors will rise
(B)The commissions of Financial Products Distributors will fall
(C)The commissions of Financial Products Distributors will remain unaltered
(D)The commissions of Big Financial Products Distributors will rise and Small & Individual Distributors will fall
(E)The commissions of Big Financial Products Distributors will fall and Small & Individual Distributors will rise
20.While opening a new account in a bank , a customer tenders along with the account opening form, relevant documents and a proper introduction & initial deposit. Which among the following is correct about initial deposit?
(A)Initial deposit is a must to open an account and must be as cash
(B)Initial deposit is a must to open an account and must be as Cheque
(C)Initial deposit is a must to open an account and can be either cheque or Cash
(D)Initial deposit is not required in all situations
(E)Initial deposit is not required in some situations