GK in English

Banking and financial Awareness Previous Year Questions

Q 221. The long term objective of marketing is-

(a) Customer satisfaction
(b) Profit maximization
(c) Cost cutting
(d) Profit maximization with customer satisfaction
(e) None of these
Ans: (d)

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Q 222. For the buying and selling of precious metals such as Gold and Silver, the market established is termed as ________ .

(a) Capital Market
(b) Money Market
(c) Bullion Market
(d) wholesale cash market
(e) None of the Above
Ans: (c)

Q 223. The government has decided to increase the foreign direct investment limit in private banks from the existing 74% to

(a) 90%
(b) 100%
(c) 95%
(d) 80%
(e) None of these
Ans: (e)

Q 224. The social aspect of marketing ensures

(a) Social good
(b) Delivery of effective and efficient social change programs
(c) Customer engagement
(d) All of these
(e) Both 1 and 2
Ans: (d)

Q 225. Which of the following is the name, term, design, symbol, or any other feature that is used to identify a good ?

(a) Logo
(b) Brand
(c) Corporate identity
(d) Stationary goods
(e) All of these
Ans: (b)

Q 226. Which of the following is not correct regarding Product Mix ?

(a) It is the combination of products offered for sale by a retail outlet
(b) It takes into account both the variety and quantity of goods
(c) It is used to attract a certain demographic of shoppers to the store
(d) It is a number of products grouped together based on similar characteristics
(e) It is more than Just inventory
Ans: (d)

Q 227. The advertisement of life insurance must not have which of the following terms ?

(a) Investment
(b) Investment plan
(c) Expansion plan
(d) Retirement plan
(e) All of these
Ans: (e)

Q 228. A life insurance policy can only be made paid up If what particular policy feature exists ?

(a) Indexing contribution
(b) Nomination facility
(c) Rider benefits
(d) Savings element
(e) All of these
Ans: (d)

Q 229. What is the term when a seller tries to sell the same good at different prices ?

(a) Price Differential
(b) Dumping
(c) Price Discrimination
(d) Bullying
(e) None of these
Ans: (c)

Q 230. Which of the following does not constitute customer identification process in the banking sector?

(a) confirming the date of birth from an official document
(b) confirming the permanent address
(c) contacting the customer by telephone, by letter or by email to confirm the Information supplied after an account has been opened
(d) confirming the marital status of the customer
(e) confirming the validity of the official documentation provided through certification
Ans: (d)

Q 231. Which of the following explains the sound marketing of products ?

(a) 3 `
(b) 4 Ps
(c) 3 Cs
(d) 2 Ms
(e) 4 Ss
Ans: (b)

Q 232. What is the term for fixing high price for new product?

(a) Decoy Pricing
(b) Skimming
(c) Freemium
(d) Absorption Pricing
(e) Odd Pricing
Ans: (b)

Q 233. Making, issuing or circulating any written or oral statement that misrepresents the benefits, conditions, or terms of any insurance policy, or transaction is an example of:

(a) Twisting
(b) Unfair
(c) Misrepresentation
(d) Concealment
(e) All of these
Ans: (c)

Q 234. Grouping and processing all of a firm’s transactions at one time is called –

(a) a database management systern
(b) batch processing
(c) a real-time system
(d) an on-line system
(e) None of these
Ans: (c)

Q 235. Which bank has allowed its customers to make cardless cash withdrawals at over 100,000 ATMs across India?

(a) Bank of Baroda
(b) ICICI Bank
(c) AU Small Finance Bank
(d) State Bank of India
(e) Airtel Payments Bank
Ans: (e)

Q 236. Which of the following E-commerce giant is the most attractive employer brand in the country followed by Microsoft India and Sony India?

(a) Amazon
(b) Snapdeal
(c) Flipkart
(d) Paytm
(e) Myntra
Ans: (a)

Q 237. Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in Sovereign Gold Bond . Eligible investors include Individuals, HUFs, trusts, _________________ and charitable institutions.

(a) Universities
(b) PSBs
(c) NBFC
(d) Foreign customers
(e) Leaders
Ans: (e)

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