GENERAL AWARENESS FOR RBI / SBI / IBPS PO
.
General Awareness
1. A
panel headed by Parthasarathi Shome submitted its recommendation recently.
Which
Of the following is NOT correct with respect
to these recommendations?
a. The post of revenue secretary
should be abolished as part of needed reforms in the tax
administration.
b. The Central Board of Direct Taxes
and the Central Board of Excise and Customs should
be merged to achieve
efficiencies.
c. A separate budget allocation to
ensure time-bond tax refund and a passbook scheme for
tax Deduction at Source.
d. Develop PAN as a common business
identification number to be used by other govt
departments also.
e. The retrospective amendments to tax
laws should be adopted to avoid tax losses.
2.
Who among the following leading Indian software exporters has become the
world’s
third largest employer of people in
the IT sector, with over 3 lakh employees? At the
Present pace it is all set to become
the second largest employer in IT sector only behind
IBM this year.
a. Infosys b. Wipro c. TCS d. HCL e. Tech Mahindra
3.
Through which of the following tools do banks park excess liquidity with
the Reserve
Bank of India?
a. Term repo b. Reverse term repo c. Bank rate d.
LAF e. None of these
4.
The then Finance Minister P Chidambaram had asked the Asian Development
Bank
(ADB) to double its lending capacity
to $20 bn a year at the annual meeting of ADB in
Astana, Kazakhstan. What has been the
annual lending capacity of ADB under Ordinary
Capital Resources for the past five
years?
a. $4-5 bn b. $6-7 bn c. $8-9 bn d. $10-11 bn e. $12-13 bn
5.
The new Indian capital market regulations provides for all existing
overseas investor
classes to register now as FPIs to
invest in Indian markets. What does the
letter ‘P’
Denote in the term FPI?
a. Participatory b. Portfolio c. Preferred d. Priority e. Periodic
6.
In which of the following countries has a powerful Congressional
committee sought a
classified briefing on technologies
that are currently being considered for transfer
or export to India from that country?
a. Russia b. France c. US d. UK e. None of these
7.
Which of the following is NOT a Banking/Finance-related term?
a. CAR b.
Bank rate c. SAR d. SLR e. None of these
8. Who
among the following provides short-term credit limits to state Cooperative
Banks
against pledge of Govt securities for
financing seasonal agriculture operations?
a. RBI b. NABARD c. Ministry of Finance
d. Ministry of Agriculture e. None of these
9. The capital market regulator,
Securities and Exchange Board of India (Sebi), raised the
Minimum bet worth criteria of asset
management companies from
10
cr to what amount
earlier this year?
a.
20
cr b.
30
cr c.
40
cr d.
50
cr e.
70
cr
10.
Which of the following panels set up by the RBI on credit information
has recommended
That a copy of their credit profile
should be provided to customers for free?
a. Deepak Parekh Panel b. Shikha Sharma Panel c. Aditya Puri Panel
d. Chanda Kochhar Panel e. Pratip Chaudhuri Panel
11.
What is the full form of SEFIO?
a. Systematic Fraud Investigation
Office b. Securities Fraud
Investigation Office
c. Server Fraud Investigation
Office d. Serious Fraud
Investigation Office
d. None of these
12.
Industry body SIAM is associated with which of the following industries?
Its recently
released data shows an increase in
the sales in the industry which was facing
slowdown for a long time.
a. Software b. Automobiles c. Textiles d. Shipping e. None of these
13. The
Reserve Bank of India (RBI) has simplified KYC norms for opening of bank
accounts
recently. Which of the following
statements is/are correct in this regard?
a. A bank account can be opened with
just one address proof.
b. Customers may submit either
current or permanent address proof while opening a bank
account or while undergoing periodic updation.
c. In cases where customer is not
able to furnish local proof of address, the bank may the
banks
take a declaration of the local address on which all correspondence will be
made
by the bank with the customer.
d. All the above
e. Only (a) and (b)
14.
The Govt is considering which of the following measures to help sugar
mill owners in the
country?
a. Extra
4,400-cr
interest-free loans to sugar mills
b. Hiking sugar import duty from 15
per cent to 100 per cent to curb cheap imports
c. Increasing ethanol blending in
petrol to 10 per cent as an effort to improve the
liquidity of mills
d. All the above
e. Only (a) and (c)
15. The
market regulator Sebi is likely to tweak Initial Public Offering (IPO) norms to
boost retail participation. As per
the current regulation, a company has to divest at
least what per cent of its stake
through the IPO if its valuation is below
4,000
cr?
a. 50 per cent b.
40 per cent c. 30 per cent
d. 25
per cent e. 15 per cent
16.
Finance Minister Arun Jaitley has been appointed on the Board of
Governors of Asian
Development Bank (ADB). Founded in
1966, the multilateral funding agency aims to
improve people’s lives in Asia and
the Pacific and is headquartered at
a.
Manila b. Kuala Lumpur c. Tokyo
d. Jakarta e. None of these
17.
Who among the following has been appointed as the new revenue secretary
recently?
a. RR Wattal b. Ravi Mathur c. GS Sandhu
d. Shaktikanta Das e. None of these
18. An
industrial accident took place recently in SAIL’s steel plant, killing six
persons
and affecting several others in which
of the following cities? Possibly a composition of
deadly methane and carbon monoxide
leaked from the plant, causing the fatal accident.
a. Jamshedpur b. Paradeep c. Bhilai
d. Rourkela e. None of these
19.
Vishal Sikka was appointed as the chief executive officer (CEO) of which
of the following
leading software exporters in India
recently?
a. Wipro b. Infosys c. TCS
d. Tech Mahindra e. None of these
20. A
panel of Cabinet ministers of which of the following countries recently voted
Unanimously to reject the 3.2-bn-dollar
Hidro Aysen mega-project planned to be built on
Baker and Pascua rivers? The dams were to come up in the environmentally
sensitive
patagonia region.
a. Bolivia b. Argentina c. Peru
d. Brazil e. Chile
21. The
total value of all final goods and services produced within a nation in a
particular year,
plus income earned by its citizens
(including income of those located abroad), minus
income of non-residence located in
that country, is called
a.
GDP b. GNP c. PPP d. GNI e. None of these
22.
Name plant scientist who won the USD 250,000 World Food Prize for his
contribution in
increasing global wheat production by
more than 200 mn tonnes in the years following the
Green Revolution?
a. Gebisa Ejeta b. Daniel Hillel c. Robert Fraley
d. Sanjaya Rajaram e. None of these
23. The
public sector thermal and hydro power generation company NTPC has sought
lifiting
of
embargo on Lata Tapovan project work. The project was to come up in which of
the
following states?
a.
Himachal Pradesh b. Sikkim c. Arunachal Pradesh
d. Jammu & Kashmir e. Uttarakhand
24. The Bangalore-based GMR Infrastructure won
the arbitration proceedings initiated
against the govt of which of the
following countries after the latter had unilaterally
cancelled the $500-mn contract given to
GMR?
a. Sri Lanka b. Maldives c. Myanmar
d. Malaysia e. None of these
25. As
per the latest data released by the Swiss National Bank (SNB), Switzerland’s
central
banking
authority, Indian money is Swiss banks has risen to over
a.
14,000
cr b.
19,000 cr c.
22,000 cr
d.
34,000 cr e. None of these
26. The
Chinese govt has published a white paper on Hong Kong that stresses its
authority
over the territory. Hong kong was
handed over to China on 1 Jul 1997 by
a. UK b. Germany c. Russia d. France e. None of these
27. Who
among the following is NOT associated with day-to-day functioning of the
Reserve
Bank of India?
a. R Gandhi b. Urjit R Patel c. HR Khan
d. KC Chakrabatry e. None of these
28. India has emerged as a major player in the
global agriculture market. The agriculture
sector accounted for about what per
cent of the gross domestic product (GDP) in 2013?
a.
8 per cent b. 10 per cent c. 12 per cent
d.
14 per cent e. None of these
29.
Which of the following gases in NOT a Greenhouse Gas? The greenhouse
gases are
responsible for global warming.
a. Methane b. Nitrous Oxide c. CFC-12
d. Carbon Dioxide e. None of these
30.
Which of the following is/are the feature(s) of the ambitious Mahatma
Gandhi National
Rural Employment Guarantee Act
(MGNREGA) programme launched by the govt?
a. It aims at enhancing the livelihood
security of people in rural areas.
b. It guarantees hundred days of wage
employment in a financial year to do unskilled
manual work.
c. It provides for medical care of up
to
30,000
per family per year in any of the
empanelled hospitals.
d. Only (a) and (b)
e. Only (b) and (c)
31. Which
of the following is a path-breaking initiative by the Union Govt and the Indian
Banks ‘Association aimed at bringing
the underprivileged segments of Indian population
into the formal banking fold for the
first time?
a.
Ek Nayi Shuruat b.
Swavalamban c. Antyodaya Yojana
d. Swabhimaan e. None of these
32. The Union Govt is considering amending the
Agriculture Produce Market Committee
(APMC) Act. Under the Act the farmers
can sell their produce only to who among the
following?
a. Retailers b. Consumers c. Traders and Middlemen
d. Local hawker’s e. None of these
33. What does letter ‘A’ denote in the term
LAF?
a. Advance b.
Adjustment c. Adequacy
d. Availability e. None
of these
34. Which
among the following is a savings bank account opened with a commercial bank
with zero or very minimal balance?
a. Current Account b. Call Deposit c. No Frill Account
d. Deposit Account e. None of these
35.
Which of the following statements is are correct with respect to the
warship INS
Vikramaditya Commissioned into the
Indian Navy recently?
a. The 44,500-tonnes aircraft carrier
carries 1,500 personnel.
b. With her complete stock of
provisions, she is capable of sustaining herself at sea for
about 90 days.
c. It is a modified Kiev-class
aircraft carrier which was purchased by India from Russia
for over
15,000 cr.
d. All the above
e. Only (a) and (c)
36.
Militant separatist group ISIS is in news for its recent activities in
which of the following
countries?
a. Iraq b. Iran c. Libya d. Nigeria e. None of these
37. Which
of the following institutions has been set up with an aim to boost overall
rural
development in India?
a. SIDBI b. IDBI c. NABARD d. SEBI d. None of these
38.
Which of the following Acts regulates banks operating in India?
a. Reserve Bank of India Act
b. Banking Regulation Act
c. Companies Act
d. State Bank of India Act
e. None of these
39.
The State Govt transactions are carried out by the RBI. As of now, such
agreements exist
Between RBI and all the State Govts except
a. Govt of Manipur b. Govt of Sikkim c. Got of Tripura
d. Govt of Nagaland e. None of these
40.
KYC is an acronym for “know Your Customer”, a term used for customer
identification
process. For the purpose of KYC who among following
are the ‘Customers of the bank’
as per the RBI norms?
a. A person or entity that maintains
an account and/or has a business relationship with
the bank.
b. One on whose behalf the account is
maintained (ie the beneficial owner).
c. Any person or entity connected
with a financial transaction which can pose significant
reputational or other risks to
the bank.
d. All the above
e. Only (a) and (b)
41.
Which of the following agencies/organisations is responsible for
compilation of data on
Industrial production in India?
a. Central Statistics Office
b. National Development Council
c. National Testing Lab
d. Department of Commerce, Gol
e. None of these
42. Which
of the following will NOT be accepted by the bank as a valid proof of address
for an
individual?
a. Telephone bill b. Bank account statement c. PAN Card
d. Letter from any recognized public authority
e. Electricity bill
43.
When we opt for a loan, generally the bank offers to repay the amount in
Equated Monthly
Instalments (EMIs). EMIs comprise
a. Only the principal b. Only the interest c. both principal and interest
d. Only interest for half the loan
tenure and then both principal and interest
e. None of these
44. The
shareholders approved the re-appointment of Rana Kapoor as managing director
and
CEO of which of the following private sector banks operating in India recently?
a. YES Bank b. Federal Bank c. Axis Bank
d. Kotak Mahindra Bank e. None of these
45. The Prime Minister Narendra Modi described
the bilateral relations between India and
which of the following countries as
‘B2B’ recently? The first ‘B’ stands for Bharat in the
. term B2B.
a. Bangladesh b. Bhutan c. Belarus d. Brazil e. None of these
46. We
often read about performance of core sector in financial newspapers. While
talking
about Core sector, which of the
following is NOT considered?
a. Electricity b. Textiles c. Crude Oil d. Fertilizers e.
Natural Gas
47. A
statement that summarises an economy’s transactions with the rest of the world
for a
specified time period, is called
a. Gross National Income b. Balance sheet c. Balance of trade
d. Balance of payments e. None of these
48.
After suppression of Russia from the powerful G-8 group the 2014 summit
scheduled to
be held in Sochi was cancelled.
Thereafter G7 meeting was held on Jun 4-5 in which of
the following cities?
a. Frankfurt b. Rome c. Brussels d. Hague e. None of these
49. Which
of the following is NOT non-tax revenue of the Govt of India?
a. Aid from the US b. Dividends and profits c. Loans or other borrowings
d. Revenue from sale of state
assets e. Union excise duties
50. As
we read in financial newspapers, services sector contribute greatly in the
country’s
economy. Which of the following comes
under services sector?
a. Construction b. Banking c. Mining d. Food processing e. None of these
51. Who
among the following is one of the four deputy governors of the Reserve Bank of
India?
a. R Gandhi b. DK Mohanty c. P Vijaya Bhaskar
d. B Mahapatra e. G Padmanabhan
52. Expand
the term TARC.
a. Trade Administration Reform
Commission
b. Territorial Administration Reform
Commission
c. Tiered Administration Reform Commission
d. Tax Administration Reform Commission
e. None of these
53. What does the term ‘SHG’ denote? It is
the short form of a popular women empowerment
a. Shree Health Group b. Small Housing Group d. Street Hawkers’ Group
d. Self Help Group e.
None of these
54. Which
the following loans is NOT part of the loans to micro and small enterprises?
a. Loans for software
development b. Loans to small
business
c. Loans to small road transport
operators d. All the above
e. None of these
55. India
became a permanent member of Washington Accord (WA) recently. WA is an
International agreement with the
charter of promoting mobility and quality assurance
of which of the following across
international boundaries?
a. Engineers b. Doctors c. Nurses d. Software developers e. None of these
56. The
delivery of financial services at affordable costs to sections of disadvantaged
and low-
Income segments of society is known as
a. financial exclusion b. financial inclusion c. financial stability
d. poverty alleviation e. None of these
57.
Star series banknotes refer to which of the following?
a. Currency notes with defective
printing
b. Banknotes with an asterisk printed
on them
c. Banknotes used to replace
defectively printed banknotes
d. Banknotes used to replace old
banknotes
e. None of these
58.
Open Market Operation (OMOs) are among the measures taken by the RBI to
control credit
expansion in the economy. OMOs mean
a.
Auction of precious metals
b. Sale or purchase of
short-or-long-term govt securities
c. Issuance of different types of bonds
d. Facilitating direct finance to
borrowers
e. None of these
59. Which
of the following pairs of international institutions and their heads is NOT
correctly
matched?
a.
World Bank – Jim Young Kim b. IMF
– Christine Lagarde
c.
ADB - Haruhiko Kuroda d. UN – Ban KI-moon e. None of these
60. Which
of the following banks is NOT insured by the Deposit Insurance and Credit
Guarantee Corporation (DICGC)?
a. Branches of foreign banks
functioning in India
b. Local area banks and regional
rural banks
c. Primary cooperative societies
d. Private sectors banks
e. None of these
61.
Which of the following does the DICGC insure in the event of a bank
failure?
a. Deposits of foreign Govts b. Deposits of Central/State Govts
c. Inter-bank deposits
d. Deposits of the State Land Development
Banks with the State Cooperative banks.
e. None of these
62. The
Banking Ombudsman is senior official who redresses customer complaints against
Ombudsman is appointed by
a. the Reserve Bank of India b. the Finance Ministry c. the Governor of the state
d. the High court of the state e. None of these
63. A
Banking Ombudsman will not entertain a complaint if the compensation sought by
The complainant is beyond
a.
2
lakh b.
5 lakh c.
10 lakh d.
20 lakh e.
50 lakh
64. Who
among the following is the present President of the World Bank?
a. Margaret Chan b. Robert Zoellick c. Ophelia Dahl
d. Jim Yong Kim e. Paul Farmer
65.
While participating in some international organisations and
international events, the name
Chinese Taipei is used by
a. Taiwan b. Hong Kong c. Tibet d. Mongolia e. None of these
66.
What is the meaning of a scheduled bank?
a. The bank incorporated under the
Banking Companies Act 1956
b. The bank authorized to do banking
functions
c. The bank included in the Second
Schedule of the RBI Act 1956
d. None of these
67. As
per the provision of the RBI Act, what is the highest-denomination banknote
that the
Central bank can issue?
a.
1000 b.
2000 c.
5000 d.
10000 e.
20000
68. Which of the following is NOT a negotiable
instrument?
a. National Savings Certificate b. Promissory note c. Bill of exchange
d. Demand draft e. Cheque
69. One
of the primary functions of the RBI is to control the supply as well as the
cost of credit
in
the country. One of the tools it uses for the purpose is Cash Reserve Ratio
(CRR). Which
of the following statements is/are NOT
correct about CRR?
a. Under CRR a certain percentage of
the total bank deposits has to be kept in the current
account with the RBI.
b. Banks do not earn anything on the
money parked under CRR.
c. Banks are allowed to lend the money
parked under CRR to individual borrowers but not
to commercial borrowers.
d. The current CRR is 4 per cent.
e. None of these
70. A market where investors purchase securities
or assets from issuing companies themselves,
is known as
a. Primary Market b. Secondary Market c. Tertiary Market
d. Services Market e. None of these
71. According to a paper published recently in the
journal Climate Dynamics, the Indus basin
Is projected to warm with average
temperatures set to increase by around…………
by 2080.
a. 0.
C b.
C c.
C d.
C e.
C
72.
Under the Liberalised Remittance Scheme, all resident individuals,
including minors, are
allowed to freely remit up to USD
125,000 per financial year. Remittances directly or
indirectly to which of the following
countries is NOT allowed under the scheme?
a. Sri Lanka b.
Afghanistan c. China d. Bhutan e. None of these
73.
Gilt funds are mutual fund schemes floated by asset management companies
(AMCs)
with exclusive investments in
a. Govt securities b. Blue-chip companies c. Foreign market
d. IT companies e. None of these
74.
Some Non-Banking Financial Companies (NBFCs) are said to be systemically
important
NBFCs. For being a systemically
important NBFC, its asset size as per last audited balance
Sheet should be ………… or more.
a.
100
cr b.
200
cr c.
500
cr d.
1000
cr e. None of these
75. Which
of the following is NOT correct with respect to Statutory Liquidity Ratio
(SLR),
a tool used by the RBI?
a. It is the amount a commercial bank
needs to maintain in the form of cash or gold or govt
approved securities (Bonds) before
providing credit to its customers.
b. It is determined and maintained by
the RBI in order to control the expansion of bank
credit.
c. The RBI can ensure the solvency of
a commercial bank with SLR.
d. The RBI compels is the commercial banks
to lend to priority sector through SLR.
e. None of these
76. What
is the maximum number of the ‘Basic Savings Bank Deposit Account’ that an
Individual can maintain with a bank?
a. One b. Two
c. Three d. Five e. Any number of accounts
77.
What is India’s ranking in the latest annual ranking of the Global Peace
Index?
a. 161st b. 154th c.143rd d. 134th e. None of these
78. Which of the following industrial groups
in India has announced to invest
1.8
lakh cr
($30 bn) across business over the next
three years with an aim to break into the Fortune
50 club?
a. Tata Group b. RIL c. Bharti Airtel d. Essar Group e. None of these
79. Sri
Lankan parliament overwhelmingly voted not to allow which of the following
recently?
a. Voting rights to the minority Tamil
community
b. The foreign assistance in building
infrastructure in devastated Tamil-majority areas
c. The UNHRC team into the country to
investigate alleged human rights abuses during the
last phase of the civil war against
the LITE
d. Opening up different sectors of country’s
economy to the foreign direct investment (FDI)
e. None of these
80. The
capital markets regulator SEBI cleared a slew of reforms recently. Which of the
following
is NOT among these reforms?
a. It has made it mandatory for all
listed PSUs to have at least 25 per cent public
share holding within three years.
b. It proposed easing of the Offer For
Sale (OFS) norms wherein retail investors would be
provided with 10 per cent
reservation.
c. Non-promoters with more than 10 per
cent stake in the company would be allowed to tap
the OFS route.
d. It has asked not to share KYC (Know
Your Client) information with entities regulated by
other financial-sector watchdogs.
e.
None of these
ANSWERS
1.
e 2. c 3. b 4. d 5. b 6. c 7. c
8. b 9. d 10.c 11. d
12. b 13. d 14. e
15 .d 16. a 17. d 18.c 19.b 20. e 21. b 22. d 23. e
24. b 25. a
26. a 27. d 28. d 29. e 30. d 31. d 32. c 33. b
34. c 35.
e 36. a
37. c 38. b 39.
b 40. d
41. a 42. c 43. c
44. a 45. b 46. b 47. d
48. c 49. e
50. b
51. a 52. d 53.
d 54. a 55. a
56. b
57. c
58. b
59. c
60. c 61.
e 62. a 63. c
64. d 65.
a 66.c
67.d
68. a 69.c 70. b
71. e
72. d
73.a
74. a 75.
d 76. a
77. c 78. b
79. c 80. d
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