1. ASHA is a government of India Scheme related to which among the following Flagship Programmes?
[A] Mahatma Gandhi National Rural Employment Guarantee Scheme
[B] National Rural Health Mission
[C] Integrated Child Development Services Scheme
[D] Bharat Nirman
Show Answer
Correct Answer: B [National Rural Health Mission]
Notes:
ASHA or Accredited Social Health Activist is a trained female community health activist as a key component of the National Rural Health Mission under National Health Mission. She is selected from the village itself and works as a link between community and public health system.
2. In which year, India launched it Look East Policy?
[A] 1986
[B] 1992
[C] 1994
[D] 1996
Show Answer
Correct Answer: B [1992]
Notes:
India’s Look East Policy was for the first time pursued by Narsimharao Government in 1992. Under this policy, India focused its attention toward South-East Asia, which was long neglected during the Cold war period. This policy was further cemented by successive prime ministers and now converted into “Act East Policy” by the current government.
3. Which among the following is NOT a function of commercial bank in India?
[A] Selling National Saving Certificates
[B] Purchasing Corporate Bonds
[C] Operations in Call Money Market
[D] Providing No-frill Services
Show Answer
Correct Answer: A [Selling National Saving Certificates]
4. Which among the following does not partner in Bharat Nirman?
[A] Government of India
[B] State Governments
[C] Panchayati Raj Institutions
[D] Private Entrepreneurs
Show Answer
Correct Answer: D [Private Entrepreneurs]
Notes:
Bharat Nirman is a time-bound plan for rural infrastructure by the Government of India in partnership with State Governments and Panchayat Raj Institutions. It was launched in 2005. It has 6 components: Water, roads, electricity, housing, irrigation, telephone connectivity
5. Department of disinvestment comes under which among the following ministries?
[A] Ministry of Finance
[B] Ministry of Commerce & Industries
[C] Ministry of Programme Implementation
[D] Ministry of Corporate Affairs
Show Answer
Correct Answer: A [Ministry of Finance]
6. Which among the following are the two states of India, where Thorium is found in good quantities?
[A] Kerala & Andhra Pradesh
[B] Kerala & Tamil Nadu
[C] Kerala & Rajasthan
[D] Kerala & Odisha
Show Answer
Correct Answer: C [Kerala & Rajasthan]
7. Consider the following:
- Individual money lenders
- Cooperative Banks
- Primary Agri-Credit Societies
Which among the above are parts of Indian Money Market?
[A] None of them
[B] Only 2
[C] Only 2 & 3
[D] All of them
Show Answer
Correct Answer: D [All of them]
Notes:
Money markets are those markets where borrowing and lending of short term funds ( maturity 1 day to 1 year) takes place. Due to short maturity, the instruments of money market are liquid and can be converted to cash easily and thus are able to address the need of the short term surplus fund of the lenders and short term borrowing requirements of the borrowers. The interest rates get determined in the money markets
Money Market in India is divided into unorganized sector and organized sector. The Unorganized market is old Indigenous market which includes indigenous bankers, money lenders etc. Organized market includes Governments (Central and State), Discount and Finance House of India (DFHI), Mutual Funds, Corporate, Commercial / Cooperative Banks, Public Sector Undertakings (PSUs), Insurance Companies and Financial Institutions and Non-Banking Financial Companies (NBFCs). Organized Money Market is regulated by RBI as well as SEBI.
8. Which among the following is used by Reserve Bank of India for “sterilization of the Capital Inflows”?
[A] Base Rate System
[B] CRAR Obligations
[C] Open Market Operations
[D] Credit Authorization Scheme
Show Answer
Correct Answer: C [Open Market Operations]
Notes:
Open Market Operations refer to the purchase and sale of the Government securities (G-Secs) by RBI from / to market. The objective of Open Market Operations is to adjust the rupee liquidity conditions in the economy on a durable basis.
When RBI sells government security in the markets, the banks purchase them. When the banks purchase Government securities, they have a reduced ability to lend to the industrial houses or other commercial sectors. This reduced surplus cash, contracts the rupee liquidity and consequently credit creation / credit supply. When RBI purchases the securities, the commercial banks find them with more surplus cash and this would create more credit in the system.
Thus, in the case of excess liquidity, RBI resorts to sale of G-secs to suck out rupee from system. Similarly, when there is a liquidity crunch in the economy, RBI buys securities from the market, thereby releasing liquidity.
9. Asset Reconstruction Company of India (ARCIL) has been launched to deal primarily with ____?
[A] Infrastructure Lending
[B] Asset Planning
[C] Non-performing Assets
[D] Credit Rating
Show Answer
Correct Answer: C [Non-performing Assets]
10. Which among the following is NOT a must condition for a Scheduled Commercial Bank in India?
[A] It should be in the second schedule of RBI act 1934
[B] Its Paid Up Capital should be at least Rs. 1 Crore
[C] It must deposit with RBI as per the CRR
[D] It must have facilities of a clearing house
Show Answer
Correct Answer: B [Its Paid Up Capital should be at least Rs. 1 Crore]
Notes:
The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major difference between Scheduled Commercial Banks and Scheduled Cooperative Banks is their holding pattern, since cooperatives are registered under the Cooperative Societies Act as cooperative credit institutions.
Minimum paid up capital to setup scheduled commercial bank is Rs. 5 lakhs
Comments
Anonymous
Pretty good work
Anonymous
really outstanding work.. thanks to u guys for your dedication, hardwork n effort..dis is very helpful in our preparation..
Anonymous
its really appreciating to read such useful material collectively with provided hidden answers…hope i get more such question banks updated…..thanx a lot.
G
hi….
can you please clarify about 'ASHA' ? i think it is a programme of NRHM .how it is related to infrastructre development?some clarification on it would be really helpful…
thank u..
SOURAV
Very good and useful compendium.
Anonymous
very good and helpful
Simmy
I hav a doubt abt qusen no 5……i thnk answer is Nepal….Kindly check it……Plz…
Thank u…otherwise hats off to ur sincere nd dedicated work!!!
Anonymous
Really Helpful while preparing for an interview. So thoughtful. Thanks GKToday
dhruva
Nice work for the guys preparing for entrance exams,,,,,,,,,
Anonymous
very nice and easy to learn…
Ethnica
Excellent work!!
Kudos to the GKToday team :)
Ashish
Information about ASHA is wrong.
Its a scheme related to mother and child health.
Poor women and children in rural regions of India are availing many benefits from Asha, a scheme launched by the Government of India under the National Rural Health Mission (NRHM).
The scheme aims at spreading awareness about mother-child health. Hundreds of families of Barolyahir have gained from the services rendered by the Asha.
Anonymous
fantastic………and thanx
Bharathy
Many Thanks…….I really appreciate you for the extraordinary efforts…… Keep the good work going….
Anonymous
Thank u Sir,
u r really helping a lot for exms prep.
Anonymous
Its really good for reviewing…..
Thanks
D Virani
Anonymous
Thank you so much……………..
It is very helpful
Anonymous
Its really very good .Thanks for keep us updated.
Anonymous
Its really very helpful for those who are applying for bank exam
Anonymous
good work guys…………..keep it up
Anonymous
Its really very helpful for those who are applying for bank exam nd its realy very helpful for my preparation..
Anonymous
HAI,
VERY INTERESTING AND THE WAY YOU ARE SHOWING ANSWER IS ALSO VERY BRILLIANT
Anonymous
thankyou
Anonymous
VERY INTERESTING & KNOWLEDGEABLE
Anonymous
very much interrestinag & helpful.
chaithra
thank u for the wonderful work
narendra singh
it is the very good and importent information for every girls and boys. i like this. please i request you that. all quizz converted in PDF file because it is easy to save and reading the carfully. thanks and God bless you. take care by
Murali
THank you sir,
its nice good site i ever in my life
thanks for your post
Pragya Rai
it’s very helpful for knowledge & exams. thanks
mahesh
I WANT MORE DEAR
meenakshi
very good….
jyotika
very interesting question….
priti shetty
thanks for helping in our preparation.
Mahesh Chander Vats
It is readily available news paper for everybody. It always keeps us updated. Having the knowledge all around, but without current GK we feel help-less in the fore fronts of Knowledge Banks.
Thanks
brijesh makani
it’s a very nice & help ful. frequntly give such a question whice helpful to all who are preparing bank exam
Anjana Mandal
It is a helpful engine, which do help to get a parmanet job
Thanks G.K. TODAY
maa
sorry, i am unhappy with this types of questions from g.k.today.dont mind
sushil singh
thanks alot for unamazin study material & current afair …………..
kanta shandil
THANKS
It’s very nice and helpful for all students.
priyanka adhikary
brilliant questions and answers.very helpfull for competetive exams..thank u very much!
Sudhir Das
I just wanna convey my cordial respect for those who have a great hand behind the creation of gktoday.in.It is really a huge collection of questions with answers.thanks
Rahul singh
incredible job done by this site….awesome work …this is very easy to update ur self….thankssssss so much
SUNIL
Thanks a lot for providing free of cost up to date informations necessay for any kind of competetive exams .
K.Nirmala
I want daily G.K for bank exams in my mail
Amit
very informative and helpful various exams, tthanks
Ankur Kashyap
Thnx for all update Sir I want you send G.K. news everyday on my gmail. it’s first site which i liked ,,,,,,awesome