Quiz 527: General Socio-economic Awareness for Bank PO Examinations

1.The term “Golden Revolution” is most closely related to which of the following missions?
(A)National Solar Mission
(B)National Horticulture Mission
(C)National Mission on Clean Coal Technologies
(D)National Bamboo Mission


2.ICAAP or Internal Capital Adequacy Assessment Process is the result of which of the following pillars of Basel II accords?
(A)Pillar 1
(B)Pillar II
(C)Pillar III
(D)None of them


3.Which among the following refer to the “Statement of Financial Position” as per the Financial Statements released under IFRS?
(A)Balance Sheet
(B)Income Statement
(C)Profit and Loss Statement
(D)Fund Flow Statement


4. Consider the following:
1. Minor Irrigation Scheme: CCA less than 2000 Hectares
2. Medium Irrigation Scheme : CCA more than 2000 Hectares but less than 10000 Hectares
3. Major Irrigation Scheme : CCA more than 10000 Hectares
Which among the above statements is / are correct?
(A)Only 1 and 2 are correct
(B)Only 2 and 3 are correct
(C)all are correct
(D)all are incorrect


5.After recommendations of which of the following committees, Universal Banking got properly conceptualized in India?
(A)Padmanabhan Committee
(B)R H Khan Committee
(C)First Narsimham Committee
(D)Second Narsimham Committee


6.Consider the following statements:
1. In Narrow Banking, Banks just accept deposits and provide loans.
2. In Narrow Banking, there is rarely Asset Liability Mismatch.
Which among the above statements is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 and 2 are correct
(D)None of them is correct


7.Consider the following:
1. Assertion: Mining Activities are considered to be a part of Primary Industry in India
2. Reason: In Mining Industry, there is a direct usage of the natural resources.
Which among the following option is correct?
(A)Both Assertion and Reason are correct
(B)Both Assertion and Reason are incorrect
(C)Assertion is correct but Reason is incorrect
(D)Assertion is incorrect but reason is correct


8.Consider the following:
1. Assertion: India is NOT an agrarian economy now
2. Reason: The contribution of Agriculture in the GDP is falling consistently
Which among the following options is correct?
(A)Both Assertion and Reason are correct
(B)Both Assertion and Reason are incorrect
(C)Assertion is correct but reason is incorrect
(D)Assertion is incorrect but reason is correct


9.Consider the following statements:
1. Proportional Reserve System was prevalent in India from 1939 till 1956
2. In Proportional Reserve System, RBI was required to keep Gold or Sterling reserves equal to the notes issued in the Issue Department
Which among the above statements is / are correct?
(A)Only 1
(B)Only 2
(C)Both 1 and 2
(D)Neither 1 nor 2


10.Consider the following statements:
1. In Minimum Reserve System, RBI had to keep a minimum reserve of Gold worth Rs. 115 Crores and rest in Indian Rupees.
2. The Minimum Requirement of Foreign Securities was diluted when Minimum Reserve System was launched.
Which among the above statement is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both of them are correct
(D)Both of them are in correct


11.Consider the following steps:
1. Banking Department gets currency from the Issue Department
2. Government puts the currency in circulation
3. Central Government Incurs a deficit in its Budget
4. Government Sells Treasury Bills to Banking Department of RBI
Which among the following is the correct order of the above steps?
(A)1 2 3 4
(B)2 3 4 1
(C)3 4 1 2
(D)4 3 2 1


12.At which of the following places, Government Medals are minted?
(A)Kolkata and NOIDA
(B)Devas and Hoshangabad
(C)Nasik and Hyderabad
(D)Mysore and Salboni


13.Consider the following statements:
1. Not all banks come under the regulation of Right to Information Act
2. Not all banks come under the Schedule 2 of RBI
Which among the above statements is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 and 2 are correct
(D)Neither 1 nor 2 is correct


14.Consider the following statements regarding Open Market Operations in India:
1. The market for Government securities is well developed in India
2. RBI has desired capability to buy and sell Government securities.
3. Open Market Operations alone can effectively carry out the Monetary Control in India
Which among the above statements is / are correct?
(A)Only 2 & 3 are correct
(B)Only 1 and 2 are correct
(C)Only 2 is correct
(D)All are correct


15.Bonds issued by NABARD have the following risk weight assigned to them?
(A)0%
(B)2.5%
(C)15%
(D)25%

« »

Archive of GK Quiz / Questions Date wise    Subject wise

Advertisement

Comments

  • Maloy
    Reply

    what about question no 7 sir….its not showing any ans

  • kannuarun68
    Reply

    sir question no 5 answer will be 4 th option (D)

    • admin

      Please refer This

  • Amit
    Reply

    q2. refer this
    http://www.gktoday.in/bank-po/three-pillars-of-basel-iii/

    and check.

  • tarun dabral
    Reply

    what is the correct answer about Q5 and why q7 is not showing any answer………reply soon i m waiting……..