Quiz 327: Business Current Affairs for Banking Examinations

1.Malwa Trophy which recently started in Bhopal is related to which of the following sports?
(C)Basket Ball
(E)Table Tennis

2.After the State Bank of Indore merges with SBI by March this year, SBI will be left with five associate banks namely State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad. How many of this associate banks are listed in bourses?

3.Recently we read in the news papers that RBI is worried about the teaser rates. Which among the following is an example of a “teaser rate”?
(A)A bank advertises heavily on higher interest rates on the fixed deposits and other debt instruments and then lowers the rate suddenly
(B)A bank advertises heavily on to draw potential customers by offering them rewards on home loan agreements and following acceptance, the buyer is forced to pay back a higher interest rate on the loans
(C)A Bank offers a low introductory rate in the beginning on a home loan, which increases after a certain period and higher than the normal rate
(D)A Bank offers high introductory rate in deposit instruments which later on goes down after a certain period
(E)All of them are examples of teaser rates

4.Which of the following private sector bank is re branding itself as RBS?
(A)Bank of Scotland
(B)Sumitomo Bank
(D)ABN Amro
(E)None of them

5.An Indian company, which is otherwise eligible for ECB (external commercial borrowing ) can borrow up to which of the following amounts a year without prior RBI approval?
(A)$ 300 million
(B)$ 400 Million
(C)$ 450 Million
(D)$500 million
(E)$ 600 Million

6.In context with the banking what is PCR?
(A)Profit Credit Ratio
(B)Provision Credit Ratio
(C)Provision coverage ratio
(D)Profit Coverage Ratio
(E)Provision Cash Ratio

7.As per the recent studies conducted on Indian Insurance market, which among the following policy segment has grown faster than any others?
(A)Market Linked Shemes
(B)Child Insurance Plans
(C)Retirement Schemes
(D)Tax saving Plans
(E)Regular Income Plans

8.According a latest to the survey carried out by industry body Federation of Indian Chambers of Commerce and Industry, Indian banking is stronger on vital banking parameters than other BRIC nations. Which among the following has not been highlighted in this survey as strength of Indian Banking System?
(A)Regulatory system
(B)Risk Management System
(C)Banking Technology
(D)Quality Human Resources
(E)None of them

9.Which of the following banks is coming up with a new technology, RFID (Radio-frequency identification) in which a chip is embedded in the debit card of the customer for the purpose of identification and tracking using radio waves, so that when the name of the customer is flashed even before he/ she reaches at the counter and thus take higher the concept of “friendly bank”?
(A)Punjab National Bank
(B)State Bank of India
(D)Bank of Baroda
(E)Union Bank of India

10.Recently we read in the newspapers that Uttar Pradesh has got Rs 1,300 crore for various rural infrastructure projects in the current financial year as advances under the Rural Infrastructure Development Fund (RIDF) which would be utilized for several ongoing rural infrastructure projects, including
canals, roads and irrigation. This money comes from which of the following?
(A)Ministry of Finance Government of India
(B)Reserve Bank of India
(C)Finance Commission
(E)None of them

11.In context with the investment in securities, the process under which the value of the securities is taken into account at their current price is called as _______?
(A)Security pricing
(B)Mark to market
(C)Valuation of securities
(D)all of above
(E)None of above

12.From February 1, 2010, the NSE and MCX Stock Exchange have launched future contracts on additional currency pairs as these exchanges have already received an approval from SEBI.Bring out the one which has still not been introduced in Indian markets?
(A)Rupee – Euro
(B)Rupee – Yen
(C)Rupee- Pound
(D)Rupee- Dollar
(E)Rupee – Rubble

13.Which among the following is a correct definition of 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 Govt.’s disbursement comprising current and capital expenditures over its current receipts
(E)None of them

14.Approximately what fraction of India’s Oil and petroleum consumption, is consumed by fertilizer and power sector?

15.Which among the following countries is not a member of SCO (Shanghai Cooperation Organization)?

16.What is the implementation period of New Industrial Policy of New Delhi , which has recently come out?

17.Which among the following is one among the five indicators used by the United Nations Development Programme 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
(E)None of them

18.App Central is the mobile application store launched by which of the following companies?
(A)Bharti Airtel

19.Which among the following city of India has recently become the first in south Asia to get a Sustainable Transport Award for 2010 for the very first time?
(D)New Delhi

20.Recently India’s Fertilizer major IFFCO entered into the Power business as it signs an agreement for a Rs. 7500 crore project with which of the following states electricity boards?
(C)West Bengal
(E)Uttar Pradesh

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