Quiz 357: Business, Banking, Economy Awareness for Banking Examinations

1.On which of the following indices, India VIX is based upon?
(A)BSE Sensex
(B)CNX Nifty Junior
(C)Nifty 50
(D)NSE Index
(E)None of them

2.In which year was established Global Fund to Fight AIDS, Tuberculosis and Malaria commonly called “The Global Fund” or “GFATM”?

3.To avoid a Prompt Coercive Action from the Reserve Bank of India, a bank should not fall in which of the following conditions?
(A)It should have a very high NPA
(B)It should have a very low NPA
(C)It should have high capital adequacy Ratio
(D)It should have high profits
(E)None of the above

4.Which among the following is the first Indian bank to commence operations in Singapore?
(A)State Bank of India
(B)Bank of India
(C)Indian Overseas Bank
(D)Indian Bank
(E)Uco Bank

5.In the recently released First Financial Stability Report, Reserve bank of India has presented a broad analysis of India’s finance sector. The report talks about a composite financial stress indicator, which is lowest now showing a sign of considerable stability in Indian Finance and Baking. Among the following given options, at which time the composite financial stress indicator was highest?
(A)January 2007
(B)December 2007
(C)October 2008
(D)January 2009
(E)September 2009

6.Which among the following organizations in India implements the Indian Development and Economic Assistance Scheme (IDEAS) ?
(A)Reserve Bank of India
(D)EXIM Bank
(E)None of them

7.Many times, the Department of Economic Affairs examines the Government of India’s dues pertaining to previous Government to Government lines of credit owed by heavily indebted poor countries (HIPCs).At present, how many countries make the group of heavily indebted poor countries ?

8.Which among the following has never been an agenda of Financial Sector Reforms in India?
(A)Providing easy credit to all citizens with subsidies guaranteed
(B)Deregulation of the interest rate regime
(C)Enabling regulatory framework for effective supervision
(D)Strengthening the Disclosure norms
(E)Establishment of new Banks in Private Sector

9.Which among the following does not poses a challenge for Indian banking Industry?
(A)How to attain 100% Financial Inclusion
(B)How to avoid competition from Financial Conglomerates
(C)How to Improve Risk Management System
(D)How to Implement New Accounting Standards
(E)How to consolidate the supervision

10.Which among the following is not correctly matched? (CEOs of Insurance Companies)
(A)SBI Life – M N Rao
(B)Aviva – Rajiv Arora
(C)IndiaFirst – P Nandagopal
(D)Iffco Tokio – S Narayanan
(E)Tata AIG General Insurance – Gaurav Garg

11.Which among the following actions will be avoided by a bank while choosing the tools to control risk?
(A)Going for Diversification
(B)Going for Insurance & Hedging
(C)Avoiding fixation of exposure ceiling
(D)Transferring the risk to another party
(E)Going for securitization and reconstruction

12.We read in the newspapers that a new food security bill is coming up very soon, which envisages to provide 25 kgs of Rice or wheat at a subsidized price of Rs. 3 per kg. However, recently a committee appointed by the supreme court, presented its report and recommended a overhaul in the Public Distribution System, as in the current scenario of PDS poses a threat that this noble scheme may be misused by vicious cartel of bureaucrats, fair price shop owners and middlemen. Which among the following is a recommendation of this committee?
(A)A task force to control the activities of Fair price Shops
(B)Mobile Vans in place fair price Shops
(C)Food vouchers and direct cash transfers
(D)Fair price Shops at panchayat Level
(E)None of the above

13.Recently we read in the newspapers that some Indian Companies have been offering takeover bids to foreign companies to establish their bases abroad. In this context, which of the following company recently made a fruitless attempt to takeover Value Creation of Canada?
(A)Mahindra & Mahindra
(B)Reliance Industries
(C)Bharti Airtel
(D)Aditya Birla Group
(E)None of them

14.Recently, the National Advisory Council was in news as the UPA Chairperson, Sonia Gandhi was renamed the chairperson of NAC. Which among the following programme was the brainchild of National Advisory Council?
(A)Pradhan Mantri Gram Sadak Yojna
(B)National Literacy Mission
(C)National Rural Employment Guarantee Act
(D)New Pension Scheme
(E)None of them

15.Which among the following was a new addition to the balance sheets of banks for 1999-2000?
(A)Advances against selective credit control
(B)Advances against selective items
(C)Advances against software development & procurements
(D)Advances to sensitive sectors
(E)Advances to Employees

16.Which among the following in India is running currently in High-teens?
(A)IIP Growth
(B)Fiscal Deficit
(C)Food Price Inflation
(D)Debt -GDP Ratio
(E)None of them

17.In context with the Banking Sector in India, the CPPAPS is a committee is most closely related to which of the following area ?
(A)Non Performing Assets (NPA)
(B)Customer Service
(C)Banking Risks
(D)Technology Implementation
(E)None of the above

18.Which among the following country has the highest public debt as percentage of annual gross domestic product?

19.Many a times we read in the newspapers about Fiscal stimulus, which is basically a framework consisting of affirmative government action through the Budget to boost economic activity. Which among the following is a prerequisite to a Fiscal stimulus?
(A)A low fiscal deficit
(B)A high fiscal Deficit
(C)A stable economic environment
(D)A considerable public demand
(E)None of the above

20.If a non profit organization is converted into a profit earning company, the process will be called as the following?

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  • Anonymous

    I think answer for Q No. 20 would be Commercialization and not Demutualization

  • Admin

    Demutualization is a term of insurance industry. It is usually done to make access to capital easier

  • Ravi.K.Varma

    Dear Sir,

    I think the option c for the 3 question is also right.Please correct me if wrong.

    Thank u as usual for the effort.

  • GNR

    High capital adequacy ration indicates good health of a bank by wighing its assets holding wrt the risks a bank faces. The more the assets, more is bank's potential to counter risks. Pls chk http://en.wikipedia.org/wiki/Capital_adequacy_ratio

  • Anonymous

    Thank u sirjee

    great going.

  • chandu

    i like it

  • achu

    thank u sir