GK in English

Banking and financial Awareness Previous Year Questions

Q 101. Loans to individuals for educational purpose including vocational courses up to ________for studies in India and _______ for studies abroad are included under priority sector lending by banks

(a) ` 5 lakh , `10 lakh
(b) ` 7 lakh , `15 lakh
(c) `10 lakh ,` 20 lakh
(d) `12 lakh, ` 22 lakh
(e) None of these
Ans: (c)

Table of Contents

Q 102. The financial assistance of loans of ` 10000 by bank to a small borrower will be called……….?

(a) Business finance
(b) Government finance
(c) Micro finance
(d) Small finance
(e) KYC finance
Ans: (c)

Q 103. What is the limit for housing loans under priority sector?
1. Loans to individuals up to 28 lakh in metropolitan centers
2. Loans up to 20 lakh in other centres for purchase/ construction of a dwelling unit per family,
3. Loans to individuals up to 40 Lakh in metropolitan centres.
(a). Only 1
(b) Only 2
(c) Only 3
(d) 1 and 2 both
(e) None of these
Ans: (d)

Q 104. The value of goods and services in terms of money is

(a) M1
(b) NNP
(c) GDP
(d) PPP
(e) M3
Ans: (c)

Q 105. Shareholders purchase and sell a fund at the fund?s net asset value , which is calculated daily. NAV is the price used for all Mutual fund share transactions which include

(a) New purchases
(b) Sales
(c) Exchanges from one fund to another within the same fund family
(d) Both 1 and 2
(e) All of these
Ans: (e)

Q 106. Which of the following Derivatives Contract gives the buyer/holder of the contract the right to buy/sell the underlying asset at a predetermined price within or at end of a specified period?

(a) Option contracts
(b) Future contracts
(c) Swap contracts
(d) Forward contracts
(e) Hedge contracts
Ans: (a)

Q 107. A Mutual Fund’s NAV calculated on a day is known as

(a) Asset value per Fund
(b) Price value per share
(c) Asset value per stock
(d) Price value per Fund
(e) Net asset price
Ans: (b)

Q 108. Into which of the following can FCEB be exchanged ?

(a) Shares of Issuing company
(b) A foreign country
(c) Debt instruments
(d) Equity shares of Offered Company
(e) Gilt-edged securities
Ans: (d)

Q 109. In a mutual fund, investors subscriptions are accounted for as

(a) Liabilities
(b) Deposits
(c) Unit Capital
(d) Assets
(e) None of these
Ans: (c)

Q 110. Antidumping duty is applied on issuance of notice from which ministry?

(a) Ministry of External Affairs
(b) Ministry of Home Affairs
(c) Ministry of Statistics and Programme Implementation
(d) Ministry of Commerce & Industry
(e) Ministry of Defence
Ans: (c)

Q 111. What is the maximum limit of money a person can keep in India Post Payments Bank ?

(a) ` 1 Lakh
(b) ` 2 Lakh
(c) ` 3 Lakh
(d) ` 4 Lakh
(e) None of these
Ans: (a)

Q 112. What is the slowdown in the rate of increase of prices of goods & services in National GDP over time called?

(a) Inflation
(b) Disinflation
(c) Deflation
(d) Equilibrium
(e) None of these
Ans: (b)

Q 113. The government has applied a 10% surcharge amount on which income group in the budget, 2017-18?

(a) Where total income exceeds Rs.5 lakh up to Rs.10 lakh
(b) Where total income exceeds Rs.10 lakh up to Rs.50 lakh
(c) Where total income exceeds Rs.50 lakh up to Rs.1 crore
(d) Where the total income exceeds Rs.1 crore
(e) None of these
Ans: (c)

Q 114. Which of the following is not included in National income account?

(a) Transfer of payment
(b) Transactions in stock market
(c) Second hand goods

(a) and (c) only
(e) All of the above
Ans: (e)

Q 115. RBI’s new rules to push another ` _______________ Loans into Insolvency, according to Credit Suisse.

(a) ` 5.5 lakh crore
(b) ` 4.5 lakh crore
(c) ` 3.5 lakh crore
(d) ` 2.5 lakh crore
(e) ` 1.5 lakh crore
Ans: (e)

Q 116. Which of the following banks has raised its stake in microlender Swadhaar FinServe to 100 per cent to help expand its financial inclusion?

(a) State Bank of India
(b) South Indian Bank
(c) Kotak Mahindra Bank
(d) ICICI Bank
(e) RBL Bank
Ans: (e)

Q 117. The Reserve Bank of India has started housing loans of up to `__________ for dwellings costing less than ` 45 lakh, will be treated as priority sector lending in metropolitan centre .

(a) ` 42 lakhs
(b) ` 40 lakhs
(c) ` 32 lakhs
(d) ` 35 lakhs
(e) ` 30 lakhs
Ans: (d)

Q 118. Under Marginal Standing Facility, banks take the loan from

(a) RBI
(b) SBI
(d) LIC
(e) None of these
Ans: (a)

Q 119. IRDAI has directed all third-party insurance companies to include vehicle insurance policies cover to vehicle ownersdrivers of all vehicles . How much is that additional premium?

(a) ` 500
(b) ` 750
(c) ` 10000
(d) ` 1000
(e) ` 5000
Ans: (b)

Q 120. Who was the chairman of a working group on Social Stock Exchange constituted by SEBI?

(a) Bibek Debroy
(b) Ajay Tyagi
(c) Ishaat Hussain
(d) Suresh Mathur
(e) Amitabh Kant
Ans: (c)

DsGuruJi HomepageClick Here