Quiz 334: Finance, Business & Economy For Banking Examinations

1.Recently we came across the fact regarding the Eurozone countries (16 countries that share Euro as single currency) that in spite of success of the single currency system in this largest trading bloc of the world, there are a large number of disparities between the Euro zone nations. Some of these countries are finding accruing debt increasing expensive and struggling to hold themselves against an spectre of state bankruptcy. From the following options bring out the one, which is not among these countries? Read Note

2.Recently which of the following airports of India, was rated world’s number one airport in the category of airports handling 5 to 15 million passengers by the Airport Council International?
(A)Indira Gandhi International Airport, New Delhi
(B)Rajiv Gandhi International Airport, Hyderabad
(C)Chhatrapati Shivaji International Airport, Mumbai
(D)Chennai International Airport, Chennai
(E)Netaji Subhash Chandra Bose International Airport, Kolkata

3.As we know that Microfinance is a provision of thrift, credit and other financial services and products of very small amount to the poor in rural, semi urban and urban areas for enabling them to raise their income levels and improve their living standards. The beginning of the micro finance movement in India could be traced to the self-help group (SHGs) – bank linkage programme (SBLP) started as a pilot project by National Bank for Agricultural and Rural Development (NABARD). In which year this pilot project had started?

4.The idea of Regional Rural Banks (RRBs) in India was promulgated with RRB Act of 1976. In June 2004, an Advisory Committee on Flow of Credit to Agriculture and Related Activities recommended restructuring of RRBs in order to improve the operational viability of RRBs and take advantage of the economies of scale. Who among the following was the chairman of this committee?
(A)Prof V S Vyas
(B)PD Ojha
(C)Deepak Mohanty
(D)Prof. V K Sharma

5.As per an announcement made in the Union Budget of 1996, the Local Area Bank Scheme was introduced in August 1996 . The Local Area banks are the private local banks with jurisdiction over two or three districts. By the end of March 2009, what was the number of Local Area Banks in India?

6.In which year Financial Stability Forum (FSF) was established?

7.Which among the following is used for a situation of “Too much money chasing too few goods?
(A)Demand Pull Inflation
(B)Cost pull inflation
(E)None of them

8.Many a times we read in the newspapers that Research and Development on Genetically Modified Crops has been so far confined to crops of High value meant for the market. As per a report of Food and Agricultural Organization (The name of the report is State of Agriculture Report) , neither public nor private sector has made any significant investment in “orphan Crops” such as cow pea and millets. Why the report says that investment on Orphan crops is also necessary?
(A)Because orphan crops are available everywhere in the world
(B)Because orphan crops, if genetically modified will produce more nutrient rich product
(C)Because orphan crops are very critical for the food supply and livelihood of world’s poorest people
(D)Because orphan crops require very little investment and serve large number of people
(E)Because investments should be made on all kinds of crops for a better balance in distribution

9.In 2001 Reserve Bank of India introduced a system of OSS for scheduled (Primary) Urban Cooperative banks. What does OSS stand for?
(A)On site Surveillance
(B)Off-site Surveillance
(C)Open Surveillance System
(D)Open Surveillance Scheme
(E)None of them

10.Which of the following emirates bailed out Dubai, after the recent Dubai Crisis?
(A)Abu Dhabi
(D)Ras al-Khaimah

11.Which among the following is not a feature of Modified Comprehensive Crop Insurance Scheme Rastriya Krishi Bima Yojna which was introduced in Kharif 1999 after bringing down the Crop Insurance scheme of 1985 in 1988?
(A)This Scheme is administered by Agriculture Insurance Corporation which is promoted by NABARD, GIC and 4 public sector Insurance Companies
(B)This new scheme links the debt to the insurance , so the farmers who have taken loans are covered in this scheme
(C)It proposes that Government of India will underwrite the losses of the companies rather than subsiding the premia by state and central governments
(D)It covers all the crops weather food crops, oil crops horticultural crops or even commercial crops
(E)all of above are features of this scheme

12.CPGRAMS which has been recently developed by NIC (National Informatics Centre) is most close with which among the following?
(A)Financial Inclusion
(B)Customer Grievances
(C)Core Banking System
(D)Payment Gateway
(E)Security Trading

13.In which year The Payment and Settlement Systems (PSS) Act came into force?
(E)None of them

14.Who among the following is the writer of the book “Everything I Possess I Carry With Me”?
(A)Herta Müller
(B)Doris Lessing
(C)Orhan Pamuk
(D)Elfriede Jelinek
(E)V. S. Naipaul

15.One-billion dollar line of credit is the largest ever one-time bilateral financial assistance India has provided to any country. Which country?
(D)Sri Lanka
(E)None of them

16.Joginder Jaswant Singh is the Governor of which of the following states?
(B)Arunachal Pradesh
(E)West Bengal

17.Apart from English , in which language Kamala Suraiyya used to write who died in 2009?

18.”Challenges to Central Banking in the Context of Financial Crisis” this was the title of the first international research conference organized recently by Reserve Bank of India on February 12 & 13, 2010 at which of the following places?
(C)New Delhi

19.In which of the following countries is prevalent the Pay as you earn (PAYE) , a withholding tax system?

20.In context with the Budget, which among the following is not a Non-Plan Expenditure?
(A)Revenue and Capital Expenditure on interest payments
(B) Defense Expenditure
(C)Grants to State governments & Union territories
(D)Central Assistance to States and Union Territories
(E)Grants to foreign countries

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  • Anonymous

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    thank u for such a nice quesions which we get screwed up @ examss


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    mitesh M Barot

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  • Anonymous

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  • venkat


  • Asha Aggarwal

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