Financial Awareness – 2
1. SEBI has imposed a fine of Rs.10 lakhs on which Bank for alleged violation of norms related to debenture trustee?
a) Andhra Bank
b) Vijaya Bank
c) Canara Bank
d) Bank of Maharatsra
e) Bank of Baroda
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- Answer: b
2. What is full form of LIBOR?
a) London inter bank offered rate
b) Lucknow inter bank offered rate
c) Luxemburg inter bank offered rate
d) Lanchester inter bank offered rate
e) None of the above
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- Answer: a
3. What is the name of the recently setup bank by Asian countries?
a) Asian infrastructure investment bank
b) Asian development bank
c) Association of asian developing bank
d) Associated developmental bank
e) Bank for Asian nations
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- Answer: a
4. What is quasi money (or near money)?
a) Lionel assets
b) Highly liquid assets
c) Currency
d) a and b
e) All the above
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- Answer: b
5. Who is the present president of World Bank?
a) Jim Yong Kim
b) Christine Lagarde
c) Y. M. Reddy
d) K.V. Pal
e) Kaushik Basu
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- Answer: a
6. What is limit for FDI in banking sector?
a) 49%
b) 51%
c) 45%
d) 50%
e) 60%
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- Answer: a
7. From which year onwards, foreign banks are allowed to do complete banking operations?
a) 2019
b) 2018
c) 2020
d) 2021
e) 2023
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- Answer: b
8. On March 15 which Bank inaugurated an ATM through which investment in G-Sec can be done?
a) Federal Bank
b) IDBI
c) SBI
d) PNB
e) SBH
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- Answer: b
9. Who is present BRICS President?
a) N.V. Kamath
b) K.V. Kamath
c) Y.M. Reddy
d) Rangarajan
e) None
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- Answer: b
10. Whether payment banks can do lending?
a) Yes
b) Partially can do
c) No
d) Yes only in rural area
e) None of the above
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- Answer: c
11. Which risk will not appear in bank book?
a) Market risk
b) Operational
c) Liquidity risk
d) a and b
e) None
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- Answer: a
12. Full form of ALM in banking terminology?
a) Asset liquidity management
b) Asset liability management
c) Automatic loading machine
d) Accounts ledger maintenance
e) None
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- Answer: b
13. What is floating interest?
a) Interest rate changes as & when market rate changes
b) Interest remain same for entire loan period
c) Interest rate is partially fixed and partially changes
d) All the above
e) None
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- Answer: a
14. What do you mean by spread?
a) Difference between the lending rate and buying rate
b) Equal to PLR
c) Equal to bank rate
d) Difference between bank PLR and bank rate
e) None
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- Answer: a
15. What is the full form of YTM?
a) Yield To Maturity
b) Yield To Maintenance
c) Yardstick To Monitory policy
d) Yield To Mobilisation
e) Yard Tug Medium
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- Answer: a
16. The money given to the payment banks is invested in:
a) LIC
b) Banks
c) Government based securities
d) FCI
e) None
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- Answer: c
17. In insurance sector PPI stands for?
a) Public provident fund
b) Prepaid instruments providers
c) People’s party of India
d) Printing press of India
e) Payment protection insurance
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- Answer: e
18. Who is the president of Indian Institute of Banking and Finance (IIBF)?
a) Jibendu Narayan Mishra
b) Udaya Shankar Sharma
c) D. Subbarao
d) K. Rangarajan
e) T.M. Bhasin
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- Answer: a
19. How many branches does RBI have?
a) 22
b) 21
c) 20
d) 24
e) 25
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- Answer: a
20. What is the minimum capital required to setup payment bank?
a) Rs. 200 Crores
b) Rs. 250 Crores
c) Rs. 300 Crores
d) Rs. 400 Crores
e) Rs. 350 Corers
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- Answer: a
a) Hedging
b) Arbitrage
c) Forward contract
d) Spot rate
e) Forward rate
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- Answer: b
22. Who is the present chief economic adviser to Govt. of India?
a) Arvind Subramanian
b) Naryan Murthy
c) Gopal Pande
d) Rangarajan
e) Kaushik Basu
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- Answer: a
a) Adjusted Net Banking Credit
b) Added Net Banking Credit
c) Automated National Banking Corporation
d) Adaptive Naive Bayes Classifier
e) None
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- Answer: a
a) Andhra Bank
b) PNB
c) DCB
d) COB
e) BOB
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- Answer: c
25. Where is the headquarters of International Bank for reconstruction development located?
a) Geneva
b) London
c) Washington
d) Paris
e) France
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- Answer: c
26. What is full form of ASBA?
a) American stock broking agency
b) Application supported by blocked amount
c) Automated servicing bank agency
d) Application supported by blocked account
e) None of the above
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- Answer: b
27. What is full form of ULIP?
a) Unit linked insurance plan
b) United linked insurance plan
c) Union linked insurance plan
d) United linked insurance policy
e) None
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- Answer: a
28. CDR stands for?
a) Canada debt restructuring
b) Combined debt restructuring
c) Corporate debt restructuring
d) Cumulative debt restructuring
e) Company debt restructuring
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- Answer: c
29. Where is Institute for Development and Research of Banking Technology located?
a) Delhi
b) Hyderabad
c) Mumbai
d) Chennai
e) Bangalore
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- Answer: b
30. The Security Paper Mill is located in:
a) Dewas
b) Hoshangabad
c) Dhanbad
d) Nepanagar
e) Nasik
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- Answer: b
31. How many mints in India produce coins?
a) 4
b) 5
c) 6
d) 7
e) 8
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- Answer: a
32. The RBI has setup currency printing facilities under which name?
a) Indian currency press
b) RBI press
c) Bharathiya Reserve Bank Note Mudran Limited
d) Indian Money Press
e) Security Printing and Minting Corporation of India Limited
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- Answer: c
33. Tier-I capital Includes?
a) All deposits
b) Advances
c) Deposits and advances
d) Common stock and disclosed reserves
e) All the above
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- Answer: d
34. Which Committee Recommended converting large Urban Cooperative Banks with Rupees 200 Crore deposits into regular banks.
a) R. Gandhi
b) S. Pathak
c) C. Malhotra
d) A. Rangarajan
e) P. Subbarao
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- Answer: a
35. What is full form PMVLK?
a) Pradhan Manthri Vikas Laxmi Karyakram
b) Prime Minister Vikas Laxmi Karyakram
c) Pradhan Mantri Vidya Laxmi Karyakram
d) Pradhan Manthri Vidya Laxmi Kalyanam
e) Pradhan Manthri Vidya Vilas Laxmi Karyakram
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- Answer: c
36. How many digits will be there in IFSC?
a) 11z
b) 22
c) 12
d) 14
e) 15
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- Answer: a
37. What is full form of DNS?
a) Direct National Settlement
b) Donald National Security
c) Deferred Net Settlement
d) Designed National Security
e) Domain Name System
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- Answer: c
38. Who is the present president of AIIB (Asia Infrastructure Investment Bank?
a) Jin Liqun
b) Jinping
c) Jin Tim
d) Le luong Minh
e) Li Yong
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- Answer: a
39. AMRMS stands for?
a) Audit Management and Risk Monitoring System
b) Accounts Management and Ratio Management System
c) Accuracy Maintenance and Risk Management System
d) Accuracy Maintenance and Risk Maintenance
e) None
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- Answer: a