Sunday, October 12, 2014

GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS 2014

1. The concept of "Carbon Credit" is associated with which of the following areas?
1) Protection of environment
2) Women empowerment
3) Development
of rural infrastructure
4) Development of coal mines
5) None of these

2. As we all know Government is paying much attention to improve Public Distribution System (PDS) in our country. Which of the following have been the achievements of the PDS uptill now,
owing to which Government wants to further improve it? [Pick up correct statement(s)]
A) After implementing PDS in India, no famine was reported. PDS was always there to give people at least the bare minimum to survive.
B) A drought of 1987 was worst in this century but PDS played a vital role in overcoming the drought.
C) Now PDS is feeding the poorest of the poor in this country.
1) Only A
2) Only B
3) Only C
4) All A, B and C are correct
5) None of these

3. Many times we read about SHGs in financial newspapers. What is the full form of the term?
1) Small Help Groups
2) Self Help Groups
3) Small Hope in Growths
4) Self Hope Groups
5) None of these

4. Whenever newspapers talk about the performance of core industries. Which of the following is NOT considered among them?
1) Petroleum
2) Automobile
3) Mining
4) Steel
5) Cement

5. Which of the following agencies / organizations in India maintains the Micro Finance Development and Equity Fund which was in news recently?
1) Confederation of Industries in India (CII)
2) Indian Bank's Association (IBA)
3) Small Industries Development Bank of India (SIDBI)
4) Reserve Bank of India (RBI)
5) National Bank for Agriculture and Rural Development (NABARD)

6. Many times we read about Hawala transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts?
1) Fiscal Responsibility & Budget Management Act
2) Banking Regulation Act
3) Financial Action Task Force Act
4) Foreign Exchange Management Act
5) None of these

7. As we all know DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP?
1) Department of Industrial Policy and Promotion
2) Department of Industrial Procedures and Promotions
3) Directorate of Industrial Procedures and Promotions
4) Directorate of Industrial Policy and Publicity
5) None of these

8. Many times we read about the performance of Asian Markets in various financial newspapers. Which of the following is NOT included in Asian Market?
1) Japan
2) China
3) Hong Kong
4) South Korea
5) Brazil

9. As per news in various newspapers ‘kfw’ Group released another instalment of its financial aid to India. kfw is an organisation / bank based in .............. .
1) France
2) Japan
3) Italy
4) China
5) Germany

10. Which of the following countries has become the main supplier of Defence goods to India and has replaced Russia?
1) Canada
2) USA
3) Israel
4) France
5) None of these

11. As per existing policy, new foreign investments in manufacturing of which of the following is not allowed?
1) White cement
2) Plastic goods
3) Cigarette and Cigars
4) Polythene bags
5) Pesticides

12. Which of the following in NOT amongst the Prime Minister's new 15 point programme?
1) Enhanced Credit Support for economic activities
2) Modernising Madarsa education
3) Improvement in condition of slums inhabited by minorities
4) Free train journey for unemployed youths
5) Rehabilitation of victims of communal riots

13. India's political relations with its neighbouring countries a critical part of its .......
1) Industrial policy
2) Trade policy
3) Foreign policy
4) Development policy
5) None of these

14. Which of the following agencies / organisations has decided to make major changes for ULIPs?
1) IRDA
2) RBI
3) AMFI
4) FRBI
5) None of these

15. Which of the following is the name of the programme launched by the Government of India to help lonely women by providing vocational training to make them self dependent?
1) Apnalaya
2) Prayas
3) Abhiyogyata
4) Swadhar
5) Swavalamban

16. Which of the following terms is NOT used in the game of Cricket?
1) Doosra
2) Century
3) Bouncer
4) Checkmate
5) Ashes

17. Trupti Murgunde whose name was in news recently is a ............... .
1) Badminton player
2) Golf player
3) Lawn tennis player
4) Table tennis player
5) Cricket player

18. Which of the following is NOT a financial term?
1) Acid Test
2) Double Fault
3) Gross Profit
4) Depreciation
5) Cash flow

19. In the terms of economics, the recession occurring two times with a small gap in between is known as ........... .
1) Double Deflection
2) Deflation
3) Deep Recession
4) Double Dip Recession
5) None of these

20. Which of the following terms is NOT used in Economics?
1) Balance of Payment
2) Call Money
3) National Debt
4) Elasticity of Demand
5) Boyle's Law

21. Which of the following ministries/ departments operates the "Village Grain Bank's Schemes"?
1) Ministry of Tribal Welfare
2) Department of Food & Public Distribution
3) Department of Social Welfare
4) Ministry of Forest
5) None of these

22. Which of the following books is written by Chetan Bhagat?
1) The Golden Gate
2) Journey To Ithaca
3) Fire on the Mountain
4) The Inheritance of Loss
5) 2 States: The Story of My Marriage

23. Which of the following nations is the recent one to join Non Aligned Movement (NAM)?
1) Fiji
2) Cuba
3) Sri Lanka
4) Colombia
5) Egypt

24. Hiroshima Day is observed on which of the following dates?
1) 6th August
2) 16th August
3) 6th September
4) 16th September
5) 26th July

25. Dronacharya Awards are given to a person associated with .......... .
1) Education
2) Social service
3) Journalism
4) Sports
5) Films

26. Interest below which a bank is not expected to lend to customers is known as .....
1) Deposit Rate
2) Base Rate
3) Prime Lending Rate
4) Bank Rate
5) Discount Rate

27. The customers by opening and investing in the Tax Saver Deposit Account Scheme in a Bank would get benefit under ...... .
1) Sales Tax
2) Customs Duty
3) Excise Duty
4) Professional Tax
5) Income Tax

28. In banking business, when the borrowers avail a Term Loan, initially they are given a repayment holiday and this is referred as...
1) Subsidy
2) Interest Waiver
3) Re-phasing
4) Interest concession
5) Moratorium

29. A non-performing asset is .......
1) Money at call and short notice
2) An asset that ceases to generate income
3) Cash balance in till
4) Cash balance with RBI
5) Balance with other banks

30. Government usually classifies its expenditure in term of planned and non-planned expenditure. Identify, which is the correct definition of planned expenditure?
1) It represents the expenditure of all the State Governments
2) It represents the total expenditure of the Central Government
3) It is the expenditure which is spend through centrally sponsored programmes and flagship schemes of Government
4) It represents the expenditure incurred on Defence
5) Other than those given as options

31. Which of the following organization is made specifically responsible for empowering Micro, Small and Medium enterprises in India?
1) NABARD
2) RBI
3) SIDBI
4) ECGC
5) SEBI

32. Which of the following measures were announced by the Reserve Bank of India on July 15, 2014 to encourage banks to extend long term loans to infrastructure sector?
1) Banks can issue long term bonds with a minimum maturity
2) Rupee denominated bonds should be issued in ‘plain vanilla form’
3) Lending for affordable housing means loans eligible under the priority sector
4) Exemption of long term bonds from mandatory regulatory norms such as the CRR, SLR and PSL
5) All of the above

33. Many real estate companies and private equity funds are planning to list their commercial property portfolio through the real estate investment trusts (REITs) in the wake of proposal made by the Union Finance Minister Arun Jaitley in his budget speech on July 10, 2014. The incentives proposed for REITs include -
A) For an Initial Public Offering (IPO), the size of the assets under the REIT shall not be less than 1000 crore
B) Minimum initial offer size of Rs. 250 crore and minimum public float of 25%, to ensure adequate public participation
C) The REIT may raise funds from any investors, resident or foreign
D) Till the market develops, it is proposed that the units of the REITs may be offered only to HNIs and institutions
1) Only (A), (B) and (D)
2) All (A), (B), (C) and (D)
3) Only (B) and (C)
4) Only (C) and (D)
5) Only (A) and (D)

34. As per the data revealed by the Union Urban Development Minister Venkaiah Naidu on July 14, 2014 which of the following combinations of the State/ Union Territory and increase in urban population during the years 2001-11 is NOT correct?
1) Sikkim - 14.1 percent
2) Daman and Diu - 39 percent
3) Chandigarh - 7.5 percent
4) Gujarat - 6.7 percent
5) Nagaland - 10.7 percent

35. The Reserve Bank of India on July 17, 2014 issued draft guidelines for small and payment banks to expand banking services disburse small- ticket loans to businesses
and farmers. Select the correct statements regarding the draft guidelines
A) The minimum capital requirement for both payments and small banks will be Rs. 100 crore
B) Non banking finance companies, business correspondents and PSUs among others can apply to set up a payments bank.
C) For small banks, resident individuals will 10 years of experience in banking, firms and societies will be eligible as promoters.
D) Promoters initial minimum contribution will be at least 40 percent with a five year lock in period
1) Only (A) and (B)
2) Only (B) and (C)
3) All (A), (B), (C) and (D)
4) Only (A) and (C)
5) Only (C) and (D)

36. The Reserve Bank of India on July 15, 2014 gave a boost to affordable housing by allowing banks to raise long-term funds to finance these projects, which include....
A) Loans up to Rs.50 lakh for houses of Rs.65 lakh value in six metros.
B) Loans up to Rs.40 lakh for houses up to Rs.50 lakh value in other cities.
C) Loans under priority sector lending Rs.25 lakh to cities with population above 10 lakh; Rs.15 lakh elsewhere.
D) Support to government agency for slum clearance and rehabilitation.
1) All (A), (B), (C) and (D)
2) Only (A) and (B)
3) Only (B) and (C)
4) Only (A), (C) and (D)
5) Only (A) and (D)

37. Which of the following guidelines were issued by the telecom regulator, the Telecom Regulator Authority of India (TRAI) on July 21, 2014 for spectrum sharing?
1) Spectrum can be shared across all six frequency bands - 800, 900, 1800, 2100, 2300 and 2500 MHz
2) Sharing limited to two licensees within a circle
3) No leasing of spectrum
4) No sharing between operators who do not have spectrum in the same band
5) All of the above

38. Who among the following great players of chess were selected for the Russian Federation's ‘Order of Friendship’ award on July 4 2014?
1) Viswanathan Anand of India and Boris Gelfand of Israel
2) Magnus Carlsen of Norway and Martin Brow of England
3) Colin McNabe of Scotland and Puchen Wang of New Zealand
4) Vlad Victor Barnaure of Romania and Mark Orr of Ireland
5) None of these

39. Which of the following states will host the 2015 Pravasi Bharatiya Divas?
1) Odisha
2) Rajasthan
3) Gujarat
4) Maharashtra
5) None of these

40. Railway Minister DV Sadananda Gowda presented the Railway Budget for the fiscal year 2014 - 15 on July 8, 2014 in the Parliament. Which of the following combinations of particulars and sum projected in the Railway Budget 2014-15 is NOT correct?
1) Plan Outlay - Rs.65445 crores
2) Gross Budgetary Support - Rs.30,100 crores
3) Internal Resources - Rs.11,790 crores
4) Railway Safety Fund - Rs.2,200 crores
5) All are true

ANSWERS:
1-1, 2-2, 3-2, 4-2, 5-5, 6-4, 7-1, 8-5, 9-5, 10-2
11-3, 12-4, 13-3, 14-1, 15-4, 16-4, 17-1, 18-2, 19-4, 20-5
21-2, 22-5, 23-1, 24-1, 25-4, 26-2, 27-5, 28-5, 29-2, 30-2
31-3, 32-5, 33-2, 34-4, 35-3, 36-1, 37-5, 38-1, 39-3, 40-3