General Awareness With Reference To The Banking Industry Practice Questions

1. U.K. Sinha, who was in the recent news, is the Chairman of
1) Planning Commission of India
2) Securities and Exchange Board of India
3) Competition Commission of India
4) Insurance Regulatory and Development Authority
5) Forwards Market Commission

2. Who among the following was recently appointed as the new Governor of the Reserve Bank of India?
1) K.C. Chakrabarty
2) Urjit Patel
3) Raghuram Rajan
4) Anand Sinha
5) H.R. Khan

3. Which of the following does not correctly describe NABARD?
1) It is an apex development bank
2) Its headquarters is based in New Delhi
3) It was established in 1982 by a special act by the parliament
4) It is active in developing financial inclusion policy
5) It is responsible for credit flow for elevation of agriculture & rural non farm sector

4. To which country does Muhammad Yunus, who developed the concepts of microcredit and microfinance, belong?
1) Egypt
2) Pakistan
3) Indonesia
4) Afghanistan
5) Bangladesh

5. Which of the following does not correctly explain the market practice of Insider Trading?
1) It is the trading of a public company's stock.
2) It is the trading of bonds or stock options by individuals with access to non-public information about the company.
3) Matters related to insider trading in India are dealt by Forward Market Commission.
4) Insider trading in India is governed by the Prohibition of Insider Trading regulations 1992.
5) None of these

6. Which of the following has the authority to appoint Banking Ombudsman in India?
1) SEBI
2) RBI
3) NABARD
4) CII
5) Ministry of Finance, Government of India

7. Union Finance Minister P.Chidambaram recently asked Public sector banks of India to set up ATMs in all branches by
1) December 2013
2) January 2014
3) March 2014
4) October 2014
5) January 2015

8. Which of the following companies manufacture Electronic Voting Machines (EVMs) in India?
1) Bharat Electronics Limited
2) Electronics Corporation of India
3) Hindustan Machine Tools
4) Steel Authority of India Limited
5) Both 1 and 2

9. Which of the following, in the banking sector, measures the ability of a company to meet its short term debt obligations?
1) Current ratio
2) Acid test ratio
3) Cash ratio
4) Working capital ratio
5) All of the above

10. The Reserve Bank of India recently barred from disbursing loans against gold coins weighing more than
1) 10 grams
2) 25 grams
3) 50 grams
4) 100 grams
5) 122 grams

11. Who has authored the titled 'Half Life'?
1) Shelley Jackson
2) Vikram Seth
3) Hillary Clinton
4) Lisa Ray
5) Angelina Jolie

12. Which of the following is correct regarding the Securities Transaction Tax?
1) It is not applicable on off-market transactions
2) It is not applicable on commodity
3) It is not applicable on currency transactions
4) It was originally introduced in 2004
5) All of the above

13. Which of the following statements is/are correct regarding FDI or FII stake in any company?
1) Less than 10% stake in a company is treated as FDI under international classification.
2) More than 10 percent stake in a company is treated as FII under international classification.
3) FDI entities have greater powers in terms of share transactions and voting rights in comparison to FII.
4) FII are allowed to conduct private transaction, while FDIs are not.
5) All of the above

14. Every commercial bank in India have to maintain liquid assets such as precious metals (gold) or other approved securities as reserves other than the cash. This is known as Statutory Liquidity Ratio. What is present rate?
1) 40%
2) 32%
3) 25%
4) 23%
5) 18%

15. The government is giving a fresh push to its flagship rural employment scheme ahead of the general elections, providing additional funds to four states. Which one is not among those states?
1) Uttar Pradesh
2) Bihar
3) Chhattisgarh
4) Jharkhand
5) Odisha

16. What is the standard weight in which gold is quoted in the international market?
1) Ounce
2) Gram
3) Troy ounce
4) Grain
5) Pennyweight

17. Who heads the committee on Insurance Broking which was in news recently?
1) Abhihit Sen
2) Suresh Mathur
3) Anil Pradhan
4) Ketan Agarwal
5) Dinesh Avasthi

18. Mr. Anil Khatri filed a complaint with the Banking Ombudsman. However, he is not satisfied with the decision of the Ombudsman. Whom can he approach now for the redressal of his grievance?
1) Chief Justice of respective High Court
2) Banking Ombudsman Tribunal
3) Governor of Reserve Bank of India
4) Supreme Court of India
5) Deputy Governor of Reserve Bank of India

19. What is the name of a path-breaking initiative by the Government and the Indian Banks' Association which promises to bring basic banking services to 73,000 unbanked villages with a population of 2,000 and above?
1) Swabalamban
2) Chetna
3) Swabhimaan
4) Akanksha
5) Sugam - Sulabh

20. In which state of India is the Koyna Hydroelectric Power Project located?
1) Odisha
2) Maharashtra
3) Andhra Pradesh
4) Karnataka
5) Gujarat

21. Which of the following categories does not come under Priority Sector Lending in India?
1) Education
2) Housing
3) Export credit
4) Health
5) Micro and Small Enterprises

22. What was the number of banking licence applicants before the Reserve Bank of India for opening of new banks by 31 May 2013?
1) 15
2) 26
3) 33
4) 40
5) 44

23. As per a new circular by the Reserve Bank of India in July 2013, for High Risk Customers / entities, Banks will now be required to update KYC data only once in
1) 1 month
2) 3 months
3) 6 months
4) 1 year
5) 2 years

24. To whom is the Pre-Shipment Finance given in India?
1) Aviation companies
2) Exporters
3) Stock Market Brokers
4) Importers
5) Individuals with CIBIL rank above 850

25. With which of the following countries in the Nifty Index associated?
1) Japan
2) USA
3) India
4) The Netherlands
5) Britain

26. The abbreviation RIDF stands for
1) Rural Infrastructure Development Fund
2) Rural Investment for Development of Farming
3) Rate in Diligent Firm
4) Rural India's Direct Fund
5) None of these

27. In which month of the year is Income Tax Return filed in India where the assesses is a Company?
1) March
2) May
3) July
4) October
5) December

28. With which sport is Akshay B. Gaikwad associated?
1) Chess
2) Shooting
3) Billiards
4) Weightlifting
5) Archery

29. The 'Father of Mouse' died recently. Who was he?
1) Paul L. Morton
2) Douglas Engelbart
3) Eileen Clegg
4) Alan Kay
5) John R. Woodward

30. On which day is the World Consumer Rights Day celebrated across the world?
1) 14 January
2) 15 March
3) 8 April
4) 1 July
5) 5 August

31. The document which specifies the internal operations of a company is known as
1) Audit Report
2) Assessment Report
3) Article of Association
4) Operational Synopsis
5) Blueprint

32. With reference to the Swadhar Scheme, who among the following is/are not its beneficiaries?
1) Women victims of terrorist/ extremist violence
2) Widows deserted by their families
3) Women subject to domestic violence
4) Women survivors of natural disaster
5) Women with HIV/ AIDS deserted by their family

33. Which of the following companies has maximum sharedholding in the India Mortgage Guarantee Corporation (IMGC)?
1) National Housing Bank
2) Genworth
3) Asian Development Bank
4) International Finance Corporation
5) World Bank

34. The Reserve Bank recently released the final guidelines for issuing of new banking licences. As per these guidelines, foreign shareholding in the new bank for the first five years will be up to?
1) 16%
2) 33%
3) 49%
4) 51%
5) 64%

35. Which term is used to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high?
1) Recession
2) Depreciation
3) Stagflation
4) Depression
5) Running inflation

36. Which of the following is not correct regarding the Reverse Repo Rate?
1) It is the rate at which commercial banks borrow money from Reserve Bank of India.
2) It is a monetary policy instrument.
3) An increase in the reverse repo rate will decrease the money supply.
4) Both 2 and 3
5) None of these

37. Which measure is used by the Reserve Bank of India to buy or sell government bonds or other securities in open market?
1) Rationing of Credit
2) Direct Action
3) Consumer Credit
4) Consumer Credit Regulation
5) Open Market Operations

38. Who among the following is the Director of the Central Bureau of Investigation?
1) Ranjit Sinha
2) Amar Pratap Singh
3) U.S. Misra
4) R.K. Raghavan
5) P.C. Sharma

39. Who among the following is the recipient of the Rajiv Gandhi National Sadhbhavna Award 2013?
1) A.R. Rahman
2) D.R. Mehta
3) Amjad Ali Khan
4) Yash Chopra
5) Shiv Kumar Sharma

40. Who is appointed as the Chairman of the Federal Reserve Bank of the United States of America?
1) Treasury Secretary of the United States.
2) A member of the Board of Governors of the Federal Reserve Bank.
3) A former Governor on the board of the International Monetary Fund.
4) Anyone having expertise in the field of finance and social service.
5) None of these

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

GENERAL AWARENESS PRACTICE MCQs FOR IBPS EXAMS

1.    The 23rd ASEAN Summit was held in which of the following cities in October 2013?
    1)    Bali (Indonesia)
    2)    Phnom Penh (Cambodia)
    3)    Jakarta (Indonesia)
    4)    Bandar Seri Begawan (Brunei)
    5)    Hanoi (Vietnam)

2.    The Sakharov Prize for Freedom of Thought was established in December 1988 by the European Parliament. Who is the winner of the 2013 Sakharov Prize?
    1)    Nelson Mandela
    2)    Malala Yousafzai
    3)    Anatoly Marchenko
    4)    Aung San Suu Kyi
    5)    Taslima Nasrin

3.    Which Bangladesh cricketer became the first player to score a century and take a hat-trick in the same Test match in October 2013?
    1)    Tamim Iqbal
    2)    Shakib Al Hasan
    3)    Sohag Gazi
    4)    Abdur Razzak
    5)    None of these

4.     Which of the following statements is not true with regard to OPCW?
    1)    The Organization for the Prohibition of Chemical Weapons (OPCW) was awarded the 2013 Nobel Peace Prize for its efforts to stop chemical warfare.
    2)    It was established in 1997 with headquarters in The Hague, Netherlands.
    3)    It has 189 member states and currently involved in destroying Syria's stockpiles of chemical weapons.
    4)    Ahmet Uzumcu of Turkey is the present Director General of OPCW.
    5)    OPCW is an agency of the United Nations.

5.    The 2013 Nobel Prize in Economics has been awarded to?
    1)    Eugene Fama (USA)
    2)    Lars Peter Hansen (USA)
    3)    Robert Shiller (USA)
    4)    Both 1 and 2
    5)    All 1, 2 and 3

6.    Who is the winner of the 2013 Man Booker Prize for Literature?
    1)    Ruth Ozeki (A Tale for the Time Being)
    2)    Jim Crace (Harvest)
    3)    Eleanor Catton (The Luminaries)
    4)    Colm Toibin (The Testament of Mary)
    5) NoViolet Bulawayo (We Need New Names)

7.    The 2013 Global Hunger Index (GHI) was released on October 14, 2013 by the International Food Policy Research Institute (IFPRI). What is India's rank?
    1) 118        
    2) 56       
    3) 37
    4) 63          
   5) 78   

8.    The United Nations Organization declared which of the following days as the International Day of the Girl Child?
    1) October 10
    2) October 11
    3) October 12
    4) October 14
    5) October 15

9.    The Nobel Prize in Chemistry 2013 was awarded jointly to?
    1)    Martin Karplus, Michael Levitt and Arieh Warshel
    2)    Michael Levitt and Robert Shiller
    3)    James Rothman, Randy Schekman and Thomas Sudhof
    4)    Peter Higgs and Francois Englert
    5)    None of these

10.    On October 9, 2013 US President Barack Obama nominated which of the following women to be Chair of the Federal Reserve, the Central Bank of USA?
    1)    Susan Rice
    2)    Sheryl Sandberg
    3)    Janet Yellen
    4)    Janet Napolitano
    5)    Melinda Gates

11.    Laiki Bank was closed in 2013. It was the second largest banking group in?
    1)    Greece      
     2) Spain
    3)    Cyprus     
    4) Portugal
    5)    Italy

12.    According to the Stockholm International Peace Research Institute (SIPRI), which is the largest exporter of major conventional arms worldwide?
    1)    USA    
     2) Russia
    3)    Germany    
   4) France
    5)    China

13.    An elected government completed its five-year term for the first time in which of the following countries in 2013?
    1) Bangladesh      
    2) Myanmar
    3)    Italy     
   4) Pakistan
    5)    Australia

14.    Belgian mathematician Pierre Deligne was given the 2013 Abel Prize. This Prize is given by?
    1)    Belgium  
    2) USA  
    3)    UK
    4) Sweden     
    5) Norway

15.    Which of the following books is not written by R.K. Narayan?
    1)    Swami and Friends
    2)    The Bachelor of Arts
    3)    The Guide
    4)    The Sword and the Sickle  
    5)    Waiting for the Mahatma    
 
16.    Rajiv Gandhi Thermal Power Station is located in Hisar district of?
    1)    Rajasthan     
     2) Haryana
    3)    Punjab     
    4)    Himachal Pradesh      
    5)    Uttar Pradesh

17.    India has entered into a Tax Information Exchange Agreement (TIEA) with Liechtenstein. This country is located in?
    1)    East Asia     
    2) West Asia
    3)    Europe     
    4) Africa
    5)    South America

18.    The theme of which of the following 2013 Summits was "Africa: A partnership for Development, Integration and Industrialization"?
    1)    G20   
    2) ASEAN
    3)    African Union
    4)    BRICS    
    5) None of these

19.    Akshay Urja shops are set up by the Ministry of?
    1)    Commerce and Industry
    2)    Power      
    3)    Science and Technology
    4)    New and Renewable Energy   
    5)    Petroleum and Natural Gas

20.    Shanti Prayas-2 is the name of a military exercise in?
    1)    India     
     2) Sri Lanka
    3)    Nepal    
    4) Bhutan
    5)    Mauritius

21.    Which of the following schemes is not an employment generation scheme?
    1)    Food for Work scheme
    2)    Sampoorna Grameen Rozgar Yojana
    3)    Rural Landless Employment Guarantee Program
    4)    Mid Day Meal scheme
    5)    MGNREGS   

22.    Which of the following dams is built across Narmada River?
    1)    Tehri Dam
    2)    Bhakra Dam
    3)    Hirakud Dam
    4)    Mullaperiyar Dam
    5)    Sardar Sarovar Dam

23.    Dr. M.S. Swaminathan is the author of?
    1)    The End of Poverty
    2)    Small is Beautiful
    3)    Development as Freedom
    4)    Towards Hunger Free India    
    5)    Argumentative Indian

24.    When all people at all times have access to sufficient, safe, nutritious food to maintain a healthy and active life, it is called?
    1)    Food Preservation
    2)    Food Production         
    3)    Food Security
    4)    Food Distribution System
    5)    None of these

25.    Which of the following is not included while calculating Human Development Index (HDI)?
    1)    Life expectancy at birth  
    2)    Per capita income   
    3)    Literacy rate  
    4)    Rate of migration to urban areas
    5)    Both 1 and 2  

26.    The scheme launched for the empowerment of adolescent girls in India is?
    1)    Prerna     
    2) Swabhiman   
    3)    Sabla    
    4) SEWA
    5)    Kutir Jyothi

27.    'Key Resolve' is an annual joint military exercise between the United States and?
    1)    India     2) China
    3)    France     4) South Korea   
    5)    United Kingdom

28.    Which bank has launched an 'Incredible India Travel Card' in association with the Tourism Ministry?
    1)    SBI    
     2) HDFC Bank
    3)    YES Bank    
    4) ICICI Bank
    5)    Bank of Baroda

29.    The Petroleum Ministry has appointed a Committee to prepare a roadmap for enhancing domestic production of oil and gas so as to reduce the country's import dependency by 2030. Who is its Chairman?
    1)    Y.V. Reddy
    2)    Vijay Kelkar
    3)    Bimal Jalan
    4)    D. Subba Rao
    5)    None of these

30.    Who is the director of the award winning Hindi film 'Paan Singh Tomar'?
    1)    Irfan Khan    
    2) Anurag Basu  
    3)    Sujay Ghosh
    4)    Tigmanshu Dhulia
    5)    Prakash Jha

31.    Who won the men's singles title at the 2013 All-England Badminton Championship?
    1)    Chen Long  
    2)    Lee Chong Wei  
    3)    Zhengming Wang
    4)    Pengyu Du
    5)    None of these    

32.    Which of the following has become the first state in India to ban manual scavenging?
    1)    Haryana     
    2) Delhi
    3)    Gujarat     
    4) Punjab
    5)    Rajasthan

33.    The Government has constituted a committee of experts to prepare a blueprint for all-women bank. This panel was headed by?
    1)    M.D. Mallya
    2)    Jayshree Vyas
    3)    M.B.N. Rao   
    4)    Arundhati Bhattacharya
    5)    Usha Ananthasubramanian   

34.    Which of the following books is not written by Kalidasa?
    1)    Raghuvamsa
    2)    Meghaduta   
    3)    Kumarasambhava
    4)    Vikramorvasiyam
    5)    Ramcharitmanas

35.    Which of the following schemes was launched with the aim of increasing self-reliance and autonomy of women by providing self employment?
    1)    STEP    
    2) IFAD
    3)    Aadhar     
    4) Aastha
    5)    None of these


ANSWERS
  1.4      2.2       3.3      4.5      5.5       6.3      7.4      8.2      9.1    10.3
11.3    12.1    13.4    14.5    15.4     16.2    17.3    18.4    19.4    20.3
21.4    22.5    23.4    24.3    25.4     26.3    27.4    28.3    29.2    30.4
31.1    32.2    33.3    34.5    35.1

GENERAL AWARENESS PRACTICE QUESTIONS

1.    The foreign investment promotion board (FIPB) works under the?
     1) RBI
     2) Ministry of External affairs    
     3) Ministry of Finance
     4) SBI       
     5) none
 
 2.    On 11 September 2013, RBI said the BSBDA account is also applicable to Foreign banks as they are also Scheduled Banks. It provides zero balance accounts to poor people. What is the expansion of BSBDA?
     1)    Basic Savings Bank Dual Account
     2)    Base Savings Bank Deposit Account
     3)    Basic Small Bank Deposit Account
     4)    Basic Savings Bank Deposit Application
     5)    Basic Savings Bank Deposit Account
 
 3.    In which state the 15000th branch of SBI was opened  `on 17 August 2013.
     1)    West Bengal
     2)    AP    
     3) Kerala
     4)    Tamilnadu    
     5) Haryana
 
 4.    The involvement of financial intermediary in aiding credit creation without regulatory oversight is called ...
     1)    Virtual banking    
     2)    Common banking
     3)    Unit banking
     4)    Shadow banking
     5)    Yes banking
 
 5.    On 23 August 2013, RBI sold 48 days CMB to meet the temporary cash flow mismatches of the Government of India. CMB means ....?
     1) Cash Money Bill
     2) Call Management Bill
     3) Cash Management Borrowing
     4) Core Management Bill
     5) Cash Management Bill
 
 6.    On 8 August 2013, RBI decla-red the ....... sale of government bonds to decrease the liquidity of funds in the market?
     1) monthly    
     2) yearly
     3) bi-monthly    
     4)half yearly          
     5) weekly
 
 7.    As per the promise given to World Trade Organization earlier, India should allow how many branches of foreign banks in India per year?
     1) 12       
     2) 24      
     3) 45        
     4) 15   
     5) 20
 
 8.    Mr. Jagdish  originally Indian Citizen goes to Singapore obtains citizenship of Singa-pore and desires to settle there.
     1) He is an NRI     
     2) He is PIO
     3) He is not an NRI
     4) both 1 & 2        
     5) None
 
 9.    Which of the following banks are planning to launch 'by-invitation-only' branches under Kohinoor brand in 20 cities which will serve affluent customers?
     1) ICICI bank 
     2) Axis bank        
     3) HDFC bank 
     4) SBI
     5) IDBI bank
 
 10.    On 4 September 2013, Raghuram Rajan  announced constitution of a panel to strengthen monetary policy   framework to be  headed by ....
     1) K.C.Chakravarthy
     2) Anand Sinha  
     3) H.R.Khan
     4) D.Subba Rao 
     5) Urjith Patel
 
 11.    Nachiket Mor appointed as the head to assess the approach to financial inclusion by ...
     1) SEBI    
     2) GOI     
     3) WTO
     4) RBI    
     5) World Bank
 
 12.    ...... heads the panel to take a close look at rising NPAs and suggest steps to improve the recovery of bad debts as announced by RBI on 4 September 2013?
     1) H.R.Khan    
     2) Anand Sinha       
     3) K.C.Chakrabarthy
     4) Urjith Patel
     5) Syamala Gopinath
 
 13.    An outside panel of experts to screen applications for new bank licenses will be headed by ?
     1) Subba Rao       
     2) Kelkar
     3) Bimal Jalan      
     4) Rangarajan           
     5) None
 
 14.    The aim of the differential rate of interest scheme is to provide concessional loans to?
     1) public sector enterprices
     2) pravite sector enterprices
     3) weaker sections of society
     4) all the above           
     5) none
 
 15.    The first stock exchange in India was  established in?
     1) Calcutta    
     2) Delhi
     3) Bombay    
     4) Madras
     5) Hyderabad  
 
 16.    Government has decided to start "A set of missions" to address the needs of agriculture development in 12th five year plan. These missions are
     1)    NFSM(National Food Security Mission) & NHM( National Horticulture Mission)
     2)    NMSA(National Mission on Sustainable Agriculture
     3)    NMO (National Missions on Oil seeds & Oil palm)
     4)    NMAET(Mational Mission on Agriculture Extension & Technology)
     5)    All above
 
 17.    In which of the following countries, The G - 20 Finance Ministers and Central Bank Governors Meeting was held in July 2013?
     1) USA    
     2) China
     3) India    
     4) Germany
     5) Russia
 
 18.    A method of paperless banking to augment environment conservation through paperless banking transactions, which are also faster than conventional transactions is called .....?
     1) Green Banking Channel
     2) Red Banking Channel
     3) White Banking Channel
     4) Black Banking Channel
     5) All of above
 
 19.    e-Gift card facility first time introduced by...
     1) Andhra Bank
     2) Kotak Mahendra Bank
     3) Allahabad bank
     4) UBI    
    5) Axis bank
 
 20.    PMEGP is a credit linked subsidy program to encourage micro enterprises which are being implemented through ……….
     1) KVIC    
     2) SIDBI        
     3) DRDA    
     4) All the above
     5) none of the above
 
 21.    On 2 September 2013, which bank became the first bank to translate financial literacy curriculum into Gujarati?
     1) ICICI       
     2) SBI
     3) Indian bank       
     4) UBI
     5) Axis
 
 22.    RBI asked banks to link the disbursal of home loans to ...... on 3 September 2013, as it advised the banks not to go for the upfront disbursal of loans.
     1) value of Market loan
     2)    route map of construction place
     3) stages of construction
     4) HDFC rules of loan disbursal               
     5) None
 
 23.    To help mutual funds, how much fund borrowing window opened by the RBI recently?
     1) Rs.15,000cr      
     2) Rs.1500cr    
     3) Rs.75,000cr      
     4) Rs.8000cr
     5) Rs.25,000cr
 
 24.    RBI  made an announcement  on 14th August 2013 to cut down the amount of foreign exchange an Indian may use to invest or spend abroad from the current annual limit of $ 200,000 to ......
     1) $ 1,00,000    
     2) $ 55,000
     3) $ 45,000    
     4) $ 1,75,000
     5) $ 75,000
 
 25.    On 21 July 2013, RBI reduced realization period for exports  to .....
     1) 21 Months     
     2) 18 Months
     3) 12 Months     
     4) 8 Months
     5) 9 Months
 
 26.    On which of the following rates China Central Bank lifted the ban on 19 July 2013 to motivate the economy to boost its growth  ?
     1) Deposit rates
     2) Locker rates    
     3) Lending rates
     4) Bank rate    
     5) None
 
 27.    On which day Indian rupee had shown the lowest value of 68.80 against dollar?
     1) 20 August    
     2) 1 September
     3) 11 August    
     4) 31 July
     5) 28 August
 
 28.    The government had appointed  Arundhati Bhattacharya as the Chairperson ?
     1) Oriental bank of commerce
     2) SBI    
     3) BOI
     4) Allahabad bank
     5) None    
 
 29.    FEDAI means
     1)    Foreign Exchange Dealers Association of India
     2)    It is a self regulating body of all authorized dealers in foreign exchange
     3)    It frames ground rules called "FEDAI Rules" for smooth conduct of all forex transactions among member banks
     4)    It promotes the interest of authorized dealers and regulates their dealings with Public / Brokers / RBI and all other bodies
     5) All the above
 
 30.    Who is the present CMD of Bank of Baroda?
     1) S.L.Bhansal    
     2) S.S Mundra    
     3) M.Narendra    
     4) Ajay Kumar
     5) None
 
 31.    Head office of Corporation Bank is in ?
     1) Pune    
     2) Hyderabad    
     3) Mangalore    
     4) Delhi
     5) None
 
 32    All foreign exchange activities (exchange control) in our country are regulated through the following act
     1) RBI Act
     2)    Foreign Exchange Manage ment Act (FEMA)
     3)    Foreign Exchange Regulation Act(FERA)     
     4)    Foreign Trade (Development &Regulation) Act   
     5)    Foreign Contribution & Regulation Act (FCRA)
 
 33.    PAN is required to be quoted, as per RBI's KYC guidelines if the amount of transaction in cash is:
     1) above Rs.50000
     2) Rs.50000 or above
     3) less than Rs.50000
     4) Rs.10000 and above    
     5) none
 
 34.    "Good People to bank with"  is the punch line of which bank?
     1) Union Bank of India
     2) IDBI    
     3) HSBC
     4) DBS    
     5) Yes Bank
 
 35.    "World 's  Local Bank" is the   punch line of ?
     1) Union Bank of India
     2) IDBI    
     3) HSBC
     4) DBS    
     5) Yes Bank
 
 36.    Which of the following is not an Indian bank?
     1) Union Bank of India
     2) Dena bank    
     3) DBS    
     4) SBI 
      5) UCO bank
 
 37. 'Under micro credit, credit up to a maximum amount of Rs._____ can be allowed under priority sector:
     1) Rs.10000    
     2) Rs.25000
     3) Rs.50000    
     4) Rs.1 lac
     5) Rs.2 lac
 
 38.    Who has been appointed as the new Chairperson of the Central Board of Direct Taxes (CBDT)?
     1) Archana Bhargava
     2) Sudha Sharma
     3) Poonam Saxena
     4) Chitra    
     5) None
 
 39.    India has raised the  ceiling for Foreign Direct Investment in asset reconstruction companies to?
     1) 26%      
     2)74%    
     3) 52%    
     4) 100%     
    5) 50%
 
 ANSWERS:
  1.3       2.5       3.4      4.4      5.5      6.5       7.1      8.4      9.4    10.5
 11.4    12.3    13.3    14.3    15.3    16.5    17.5    18.1    19.5    20.1
 21.5    22.3    23.5    24.5    25.5    26.3    27.5    28.2    29.5    30.2
 31.3    32.2    33.2    34.1    35.3    36.3    37.3    38.2    39.2