Sunday, October 9, 2016

GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS

1. Who is the Chairman of NITI Aayog?
a) Arvind Panagariya
b) Dr. Vijay Kelkar
c) Sunil Kanoria
d) Anupam Srivastava
e) Narendra Modi

2. In Strategic alliance, the alliance partners?
a) Merge with each other
b) One partner acquires the other
c) Remain separate entities
d) One partner amalgamates with other
e) None of the above

3. The premium on accident insurance under PMJDY will be borne by?
a) National Payments Corporation of India
b) Life Insurance Corporation of India
c) General Insurance Corporation of India
d) Central Government
e) None of these

4. INFINET is set up in which of the following cities?
a) Mumbai
b) New Delhi
c) Hyderabad
d) Chennai
e) Kolkata

5. The essential characteristic of whatever serves as money is that it must:
a) Be issued by the State
b) Be generally acceptable
c) Cannot be wholly fiduciary
d) Have some intrinsic value
e) None of these

6. Digital India Programme is planned to be fully implemented by:
a) 2016
b) 2017
c) 2018
d) 2019
e) 2020

7. Under Pradhan Mantri Sneh Bandhan Yojana, an individual may invest an amount of:
a) Rs. 5000
b) Rs. 5001
c) Rs. 5005
d) Rs. 5010
e)Rs. 6001

8. What is the Credit guarantee corpus amount of MUDRA Bank?
a) Rs. 3000 crores
b) Rs. 4000 crores
c) Rs. 2500 crores
d) Rs. 2000 crores
e) Rs. 1500 crores

9. The principal liability of a Bank relates to ___:
a) it's investment abroad
b) it's investment at home
c) repayment of it's customer's deposits
d) it's requirements to make special deposits when requested
e) None of these

10. Which of the following is not a function of the Commercial Bank?
a) Acting as a lender of last resort
b) Lending to the private and public sectors
c) The provision of a cheque system for setting debts
d) The provision of safe deposit facilities
e) None of these

11. Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the life insurance cover is for how many years:
a) 1 year
b) 2 years
c) 3 years
d) 4 years
e) 5 years

12. As per Pradhan Mantri Suraksha Bima Yojana (PMSBY), if the customer has taken a cover under
multiple bank accounts then the amount of premium under this will be:
a) Forfeited
b) Renewed
c) Double
d) Same
e) None of the above

13. Digital India Programme is centered on 3 key vision areas. Which of the following is not included in these vision areas?
a) Digital Infrastructure as a core utility to every citizen
b) Governance and services on demand
c) To promote digital banking
d) Digital Empowerment of citizens
e) None of the above

14. A customer does not require a bank account to obtain ___:
a) a loan
b) a cheque book
c) a banker's draft
d) an overdraft
e) None of these

15. Atal Pension Yojana (APY) offers fixed amount of pension ranging between Rs. 1000 to ___ depending upon the contribution which will be based on the age of joining the APY:
a) Rs. 2000
b) Rs. 3000
c) Rs. 4000
d) Rs. 5000
e) Rs. 6000

16. Which of the following is not the function of RBI?
a) Issue of currency notes
b) Maintaining financial stability
c) Subsidies to people
d) Banker to Bank
e) Banker to Government

17. Which of the following documents are required for registration of a Jeevan Pramaan?
a) Aadhar Number
b) PPO number
c) Bank Account Number
d) All of the above
e) None of the above

18. As per Sukanya Samriddhi Account the tenure of deposit is for ___ years from the date of opening of the account:
a) 15 years
b) 20 years
c) 21 years
d) 24 years
e) 25 years

19. Under Sukanya Samriddhi Account (SSA), the bank account will be opened for a girl child upto the age of ____:
a) 5 years
b) 8 years
c) 10 years
d) 15 years
e) 12 years

20. What is the initial corpus of MUDRA Bank?
a) Rs. 20,000 crores
b) Rs. 30,000 crores
c) Rs. 35,000 crores
d) Rs. 40,000 crores
e) Rs. 25,000 crores

21. In India national income is estimated by?
a) Finance Commission
b) Central Statistical Organisation
c) Planning Commission
d) Finance Ministry
e) Reserve Bank of India

22. A scheme named ____ offers a long term subscription to Pradhan Mantri Suraksha Bima Yojana with attached Fixed Deposit.
a) Suraksha Deposit Scheme
b) Suraksha Insurance Cover
c) Jeevan Suraksha Yojana
d) Suraksha Cover
e) Suraksha Investment Scheme

23. What is/are the objective of Pradhan Mantri Kaushal Vikas Yojana (PMKVY)?
a) To impart skill training to youth
b) Focus on first time entrants to the labour market
c) Focus on class 10 and class 12 dropouts
d) All of these
e) None of the above

24. What is meant by "Underwriting", the term frequently used in financial sector?
a) Under valuation of the assets
b) The Act of taking on a risk
c) Giving a Guarantee that a loan will not become a bad loan
d) Assignment of Insurance Policy
e) Hypothecation of stocks

25. Misery Index' represents?
a) Sum of rate of inflation and rate of unemployment
b) Product of rate of inflation and rate of unemployment
c) Proportion of very poor to poor living below the poverty line
d) Inflation rate divided by unemployment rate
e) Both (b) and (c)

26. Which of the following statement is true for IMF?
a) It is not an agency of UNO
b) It can grant loan to any country of the world
c) It can grant loan to state Govt. of a country
d) It grants loan only to member nations
e) It can grant loan only to European Countries

27. Which pair is not correct?
a) EXIM Bank - Financing for export - import
b) RBI - Banker's bank
c) IDBI - Industrial finance
d) FCI - Financial Assistance to Commercial Banks
e) NABARD - Apex organization for assisting Agriculture & Rural Development

28. Statutory Liquidity Ratio (SLR) of commercial banks means:
a) The percentage of cash that banks keep with them, as per IBA Guidelines
b) A portion of Fixed Deposits to be maintained with RBI as per RBI Act - 1934
c) Every bank is required to maintain a proportion of their Net Demand and Time Liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities
d) The rate at which central bank of the country (in India it is RBI) allows finance to commercial banks
e) None of the above

29. Which bank is created for the promotion of cross border trade and investment?
a) NABARD
b) SIDBI
c) EXIM Bank
d) IDBI
e) None of the above

30. "Closed Economy" is that economy in which?
a) Neither export nor import takes place in a country
b) Deficit financing takes place
c) Only export takes place
d) Only imports are allowed
e) None of the above

31. Apna Sahakari Bank Ltd is located at?
a) Bhopal, Madhya Pradesh
b) Kolkata, West Bengal
c) Lucknow, Uttar Pradesh
d) Mumbai, Maharashtra
e) Hyderabad, Telangana

32. On which of the following types of cheques alterations are not allowed by RBI?
a) Paper cheque
b) CTS cheque
c) Electronic cheque
d) Cheque with account payee crossing
e) None of the above

33. What is the income criteria for sanctioning loan under Prime minister Employment Generation Programme (PMEGP)?
a) Rs. 18,000 per head
b) Rs. 18,000 per family
c) Rs. 24,000 per family
d) Rs. 36,000 per family
e) No ceiling on Income

34. Under Negotiable Instruments Act-1881 Inchoate Instrument means:
a) Invalid instrument
b) Incomplete instrument
c) Restricts further endorsement
d) Illegal Instrument
e) None of the above

35. To apply the Garnishee Order, the Banker - Customer relationship should be:
a) Creditor - Debtor
b) Agent - Principal
c) Trustee - Beneficiary
d) Debtor - Creditor
e) None of the above

36. Under Pradhan Mantri Suraksha Bima Yojana (PMSBY) insurance cover for accidental death or permanent full disability is:
a) Rs. 2 lakhs
b) Rs. 3 lakhs
c) Rs. 4 lakhs
d) Rs. 5 lakhs
e) Rs. 1 lakh

37. In term deposits if the Principal and Interest is Rs. 20,000 or above it should not be paid in cash as per ____:
a) RBI Act
b) Negotiable Instruments Act
c) Banking Regulation Act
d) Income tax Act
e) None of the above

38. As per BCSBI - Banking Codes and Standard Board of India, duplicate DD should be issued within ___ from the date of request?
a) 7 days
b) 14 days
c) 10 days
d) 15 days
e) 3 days

ANSWERS:
1) e 2) c 3) a 4) c 5) b 6) d 7) b 8) a 9) c 10) a
11) a 12) a 13) c 14) c 15) d 16) c 17) d 18) c 19) c 20) a
21) b 22) a 23) d 24) b 25) a 26) d 27) d 28) c 29) c 30) a
31) d 32) b 33) e 34) b 35) d 36) a 37) d 38) b