[1]Distribution of insurance products and insurance policies by banks as corporate agents is known as
A.
General Insurance
B.
Non-life Insurance
C.
Bancassurance
D.
Insurance Banking
Ans:
Bancassurance
Explanation :
0
[2]As per the Banking Ombudsman Scheme, any person can file a complaint before the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of
A.
6 months
B.
3 months
C.
2 months
D.
1 month
Ans:
1 month
Explanation :
0
[3]Which of the following statement is/are not correct?
A.
Interest on term deposit is payable at quarterly or longer rests
B.
Banks are free to determine their savings bank deposit interest rate, subject to a few conditions
C.
Banks cannot accept interest-free deposits for current accounts
D.
With effect from April 1, 2010, Payment of interest on savings bank accounts by scheduled commercial banks would be calculated on daily product basis
Ans:
Banks cannot accept interest-free deposits for current accounts
Explanation :
0
[4]Currency notes deposited in the currency chest are the property of
A.
Respective bank
B.
RBI
C.
SBI
D.
Government of India
Ans:
RBI
Explanation :
0
[5]Which is the first Indian company to be listed in NASDAQ ?
A.
Reliance
B.
TCS
C.
HCL
D.
Infosys
Ans:
Infosys
Explanation :
0
[6]The Definition of ‗Banking is given in
A.
Negotiable Instrument Act, 1881
B.
RBI Act, 1934
C.
The Banking Regulation Act, 1949
D.
Indian Contract Act, 1872
Ans:
The Banking Regulation Act, 1949
Explanation :
0
[7]A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period of
A.
5
B.
3
C.
1
D.
2
Ans:
2
Explanation :
0
[8]Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india?
A.
Consumer price index
B.
Wholesale price index
C.
Personal consumption expenditures price index
D.
GDP Deflator
Ans:
Wholesale price index
Explanation :
0
[9]ICICI bank launched internet banking operations in
A.
1998
B.
1999
C.
2000
D.
2002
Ans:
1998
Explanation :
0
[10]For which of the following bank account there is no deduction of TDS?
A.
Saving Bank accounts
B.
Recurring Deposit accounts
C.
Term deposit Accounts
D.
Both A & B
Ans:
Both A & B
Explanation :
0
[11]Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
A.
Savings account
B.
Current account
C.
Deposit account
D.
Recurring account
Ans:
Deposit account
Explanation :
0
[12]National Insurance Academy located in
A.
Chennai
B.
Calcutta
C.
Pune
D.
Hyderabad
Ans:
Pune
Explanation :
0
[13]Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A.
Inflation only
B.
liquidity in economy
C.
Borrowing powers of the banks
D.
Flow of Foreign Direct Investments
Ans:
liquidity in economy
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[2]As per the Banking Ombudsman Scheme, any person can file a complaint before the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of
A.
6 months
B.
3 months
C.
2 months
D.
1 month
Ans:
1 month
Explanation :
0
[3]Which of the following statement is/are not correct?
A.
Interest on term deposit is payable at quarterly or longer rests
B.
Banks are free to determine their savings bank deposit interest rate, subject to a few conditions
C.
Banks cannot accept interest-free deposits for current accounts
D.
With effect from April 1, 2010, Payment of interest on savings bank accounts by scheduled commercial banks would be calculated on daily product basis
Ans:
Banks cannot accept interest-free deposits for current accounts
Explanation :
0
[4]Currency notes deposited in the currency chest are the property of
A.
Respective bank
B.
RBI
C.
SBI
D.
Government of India
Ans:
RBI
Explanation :
0
[5]Which is the first Indian company to be listed in NASDAQ ?
A.
Reliance
B.
TCS
C.
HCL
D.
Infosys
Ans:
Infosys
Explanation :
0
[6]The Definition of ‗Banking is given in
A.
Negotiable Instrument Act, 1881
B.
RBI Act, 1934
C.
The Banking Regulation Act, 1949
D.
Indian Contract Act, 1872
Ans:
The Banking Regulation Act, 1949
Explanation :
0
[7]A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period of
A.
5
B.
3
C.
1
D.
2
Ans:
2
Explanation :
0
[8]Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india?
A.
Consumer price index
B.
Wholesale price index
C.
Personal consumption expenditures price index
D.
GDP Deflator
Ans:
Wholesale price index
Explanation :
0
[9]ICICI bank launched internet banking operations in
A.
1998
B.
1999
C.
2000
D.
2002
Ans:
1998
Explanation :
0
[10]For which of the following bank account there is no deduction of TDS?
A.
Saving Bank accounts
B.
Recurring Deposit accounts
C.
Term deposit Accounts
D.
Both A & B
Ans:
Both A & B
Explanation :
0
[11]Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
A.
Savings account
B.
Current account
C.
Deposit account
D.
Recurring account
Ans:
Deposit account
Explanation :
0
[12]National Insurance Academy located in
A.
Chennai
B.
Calcutta
C.
Pune
D.
Hyderabad
Ans:
Pune
Explanation :
0
[13]Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A.
Inflation only
B.
liquidity in economy
C.
Borrowing powers of the banks
D.
Flow of Foreign Direct Investments
Ans:
liquidity in economy
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[4]Currency notes deposited in the currency chest are the property of
A.
Respective bank
B.
RBI
C.
SBI
D.
Government of India
Ans:
RBI
Explanation :
0
[5]Which is the first Indian company to be listed in NASDAQ ?
A.
Reliance
B.
TCS
C.
HCL
D.
Infosys
Ans:
Infosys
Explanation :
0
[6]The Definition of ‗Banking is given in
A.
Negotiable Instrument Act, 1881
B.
RBI Act, 1934
C.
The Banking Regulation Act, 1949
D.
Indian Contract Act, 1872
Ans:
The Banking Regulation Act, 1949
Explanation :
0
[7]A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period of
A.
5
B.
3
C.
1
D.
2
Ans:
2
Explanation :
0
[8]Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india?
A.
Consumer price index
B.
Wholesale price index
C.
Personal consumption expenditures price index
D.
GDP Deflator
Ans:
Wholesale price index
Explanation :
0
[9]ICICI bank launched internet banking operations in
A.
1998
B.
1999
C.
2000
D.
2002
Ans:
1998
Explanation :
0
[10]For which of the following bank account there is no deduction of TDS?
A.
Saving Bank accounts
B.
Recurring Deposit accounts
C.
Term deposit Accounts
D.
Both A & B
Ans:
Both A & B
Explanation :
0
[11]Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
A.
Savings account
B.
Current account
C.
Deposit account
D.
Recurring account
Ans:
Deposit account
Explanation :
0
[12]National Insurance Academy located in
A.
Chennai
B.
Calcutta
C.
Pune
D.
Hyderabad
Ans:
Pune
Explanation :
0
[13]Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A.
Inflation only
B.
liquidity in economy
C.
Borrowing powers of the banks
D.
Flow of Foreign Direct Investments
Ans:
liquidity in economy
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[6]The Definition of ‗Banking is given in
A.
Negotiable Instrument Act, 1881
B.
RBI Act, 1934
C.
The Banking Regulation Act, 1949
D.
Indian Contract Act, 1872
Ans:
The Banking Regulation Act, 1949
Explanation :
0
[7]A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period of
A.
5
B.
3
C.
1
D.
2
Ans:
2
Explanation :
0
[8]Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india?
A.
Consumer price index
B.
Wholesale price index
C.
Personal consumption expenditures price index
D.
GDP Deflator
Ans:
Wholesale price index
Explanation :
0
[9]ICICI bank launched internet banking operations in
A.
1998
B.
1999
C.
2000
D.
2002
Ans:
1998
Explanation :
0
[10]For which of the following bank account there is no deduction of TDS?
A.
Saving Bank accounts
B.
Recurring Deposit accounts
C.
Term deposit Accounts
D.
Both A & B
Ans:
Both A & B
Explanation :
0
[11]Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
A.
Savings account
B.
Current account
C.
Deposit account
D.
Recurring account
Ans:
Deposit account
Explanation :
0
[12]National Insurance Academy located in
A.
Chennai
B.
Calcutta
C.
Pune
D.
Hyderabad
Ans:
Pune
Explanation :
0
[13]Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A.
Inflation only
B.
liquidity in economy
C.
Borrowing powers of the banks
D.
Flow of Foreign Direct Investments
Ans:
liquidity in economy
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[8]Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india?
A.
Consumer price index
B.
Wholesale price index
C.
Personal consumption expenditures price index
D.
GDP Deflator
Ans:
Wholesale price index
Explanation :
0
[9]ICICI bank launched internet banking operations in
A.
1998
B.
1999
C.
2000
D.
2002
Ans:
1998
Explanation :
0
[10]For which of the following bank account there is no deduction of TDS?
A.
Saving Bank accounts
B.
Recurring Deposit accounts
C.
Term deposit Accounts
D.
Both A & B
Ans:
Both A & B
Explanation :
0
[11]Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
A.
Savings account
B.
Current account
C.
Deposit account
D.
Recurring account
Ans:
Deposit account
Explanation :
0
[12]National Insurance Academy located in
A.
Chennai
B.
Calcutta
C.
Pune
D.
Hyderabad
Ans:
Pune
Explanation :
0
[13]Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A.
Inflation only
B.
liquidity in economy
C.
Borrowing powers of the banks
D.
Flow of Foreign Direct Investments
Ans:
liquidity in economy
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[10]For which of the following bank account there is no deduction of TDS?
A.
Saving Bank accounts
B.
Recurring Deposit accounts
C.
Term deposit Accounts
D.
Both A & B
Ans:
Both A & B
Explanation :
0
[11]Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
A.
Savings account
B.
Current account
C.
Deposit account
D.
Recurring account
Ans:
Deposit account
Explanation :
0
[12]National Insurance Academy located in
A.
Chennai
B.
Calcutta
C.
Pune
D.
Hyderabad
Ans:
Pune
Explanation :
0
[13]Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A.
Inflation only
B.
liquidity in economy
C.
Borrowing powers of the banks
D.
Flow of Foreign Direct Investments
Ans:
liquidity in economy
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[12]National Insurance Academy located in
A.
Chennai
B.
Calcutta
C.
Pune
D.
Hyderabad
Ans:
Pune
Explanation :
0
[13]Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A.
Inflation only
B.
liquidity in economy
C.
Borrowing powers of the banks
D.
Flow of Foreign Direct Investments
Ans:
liquidity in economy
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[14]The tertiary sector of economy is called as:
A.
Manufacturing Industry
B.
Service Industry
C.
Agro and Fishing Industry
D.
All of the above
Ans:
Service Industry
Explanation :
0
[15]Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?
A.
Public Sector Banks
B.
Co-Operative Banks
C.
Foreign Banks
D.
Scheduled Banks
Ans:
Scheduled Banks
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[16]Cash reserve ratio is the
A.
Voluntary
B.
Mandatory
C.
Optional
D.
As decided by the chairman and managing director
Ans:
Mandatory
Explanation :
0
[17]The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as :
A.
Cash crunch
B.
Liquidity
C.
Marketability
D.
Credit
Ans:
Liquidity
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[18]A non •performing asset (NPA) is a loan or an advance where, interest and/or installment of principal remain overdue for a period of more than
A.
60 days
B.
70 days
C.
80 days
D.
90 days
Ans:
90 days
Explanation :
0
[19]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-
A.
Reserve Bank of India
B.
Imperial Bank of India
C.
Bank of India
D.
Union Bank of India
Ans:
Imperial Bank of India
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[20]Consider these statements:- Statement I – RBI decides volume and value of banknotes to be printed. Statement II – RBI decides volume and value of coins to be minted.
A.
Both are true.
B.
Both are false.
C.
Statement I is true, but statement II is false.
D.
Statement I is false, whereas II is true.
Ans:
Statement I is true, but statement II is false.
Explanation :
0
[21]The inflation led by rising food prices caused by increased demand for agricultural commodities is called –
A.
Hyperinflation
B.
Stagflation
C.
Agflation
D.
Deflation
Ans:
Agflation
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[22] Which of the following is an economic term?
A.
Plaintiff
B.
Bunker
C.
Lampoon
D.
Deflation
Ans:
Deflation
Explanation :
0
[23]Who all can hire a locker in a bank?
A.
Individuals
B.
Limited companies and societies
C.
Specified associations
D.
All the above
Ans:
All the above
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0
[24]Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
A.
Fixed Income
B.
Specific Fund
C.
Close Ended
D.
Open Ended
Ans:
Open Ended
Explanation :
0
[25]Ten-rupee notes contain the signature of
A.
Finance Secretary, GOI
B.
Chairman, State Bank of India
C.
Governor, Reserve Bank of India
D.
Finance Minister, GOI
Ans:
Governor, Reserve Bank of India
Explanation :
0
Explanation :
0