GK in English

Banking and financial Awareness Previous Year Questions

Q 61. What is the name of the Pension Scheme of the Unorganised Sector in India?

(a) Aajeevika Scheme
(b) Swavalamban Scheme
(c) Indira Awas Yojna
(d) Varishtha Scheme
(e) None of these
Ans: (b)

Table of Contents

Q 62. Which of the following come under Policy Framework for Investment Decisions as outlined by the OECD?

(a) Policy coherence
(b) Importance of transparency approach to policy formulation
(c) Regular evaluation of policies on investment environment
(d) Corporate governance
(e) All of the above
Ans: (e)

Q 63. Which insurance company has launched Asha Kiran, an health insurance cover, for a family with girl children?

(a) Oriental Insurance comp. Ltd.
(b) Reliance General insurance
(c) United India Insurance Comp. Ltd.
(d) New India Assurance comp. Ltd.
(e) National Insurance Company
Ans: (d)

Q 64. The high rate of growth of economy certainly reduces

(a) Gender inequalities
(b) Poverty
(c) Population of a country
(d) Flow of foreign direct investment
(e) None of these
Ans: (b)

Q 65. Which of the following terms is used in the field of Economics?

(a) Biosphere
(b) Exchange Rate
(c) Equator
(d) Harmonic Tremor
(e) Lignite
Ans: (b)

Q 66. Which of the following is India’s new rating index developed by Ministry of Finance?

(a) CECA
(b) CRIS
(d) TIEA
(e) RTGS
Ans: (b)

Q 67. In India, the National Income is measured on the basis of —

(a) Flow of goods only
(b) Number of employed youth only
(c) Volume of tax collected per annum
(d) Earning of people working in PSUs and Government jobs
(e) All of these
Ans: (e)

Q 68. Which one of the following a measure of Fiscal Reforms, has Government of India adopted ?

(a) Bringing down fiscal deficit to a particular level by an Act of Law
(b) Fixing higher rate of growth
(c) Allocation of more funds to job oriented schemes
(d) Allocation of more funds to provide education to children who are 6–14 years of age
(e) None of these
Ans: (a)

Q 69. Which of the following Acts helps a bank in its day to day activities ?

(a) Competition Act
(b) Negotiable Instruments Act
(c) Hindu Marriage Act
(d) Hindu Succession Act
(e) NRI Act
Ans: (b)

Q 70. The difference between the outflow and inflow of foreign currency is known as ___
Foreign Exchange Reserves
Current Account Deficit
Fiscal Deficit
Balance of Payments

(a) Only A
(b) Only B
(c) Only C
(d) Only D
(e) None of these
Ans: (b)

Q 71. Which of the following organization finance the Rural Infrastructure Development Fund?

(b) SEBI
(d) RBI
(e) Govt. of India
Ans: (a)

Q 72. The form ‘ITR-1’ is a form for using

(a) Income Tax Challan
(b) Excise Duty
(c) Customs Duty
(d) Income Tax Return
(e) None of these
Ans: (d)

Q 73. What does the letter ‘M’ denote in the abbreviated term ‘MRTP’, an act which was applicable in India till recently?

(a) Money
(b) Moral
(c) Minimum
(d) Monopolies
(e) Market
Ans: (d)

Q 74. Which of the following is not a part of Money Market?

(a) Treasury Bill
(b) Commercial Papers
(c) Mutual Funds
(d) Certificate of Deposits
(e) None of these
Ans: (c)

Q 75. What is MZM in money market?

(a) Money with highest return
(b) Money with zero maturity
(c) Money with sovereign guarantee
(d) Monetary base or total currency
(e) None of these
Ans: (b)

Q 76. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as –––––

(a) GNI
(b) GDP
(c) Inflation
(d) PPP
(e) Wealth of a nation
Ans: (b)

Q 77. Zero-based budgeting means-

(a) A tool of marketing cost
(b) a tool for financial analysis
(c) each year, budgeting starts from a scratch.
(d) a certain percentage of sales
(e) Both

(a) & (b).
Ans: (c)

Q 78. Banking ombudsmen is appointed by

(a) SBI
(b) Indian Government
(c) RBI
(d) President
(e) Prime minister
Ans: (c)

Q 79. Which of the following statement is true about the Competition Commission?
1. The Competition has been established to prevent practices which do not support healthy business competition.
2. The Commission will have five members including the chairman
3. The Commission has to ensure that the financial operation of any business entity does not get concentrated in the hands of few people.

(a) Only 1
(b) Only 2
(c) Only 3
(d) All of them
(e) None of them
Ans: (d)

Q 80. The highest currency note ever printed by the Reserve Bank of India was a ` 10,000 note during the British Raj. It was printed first in-

(a) 1919
(b) 1946
(c) 1938
(d) 1912
(e) 1978
Ans: (c)

DsGuruJi HomepageClick Here