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Saturday, March 3, 2012

M.C.Q on General Banking and Socio Economics Awareness - Bank Exam

Sample paper of Banking and Socio Economics Awareness


1) What is the quantity of Gold the RBI Purchased from IMF in 2009
a) 200 tonne
b)150 tonne
c)100 tonne
d) 50 tonne

Ans a

2) Free Trade Refers to
a) Free movement of Goods from one country to other.
b) Movement of Goods from one Country to another free of cost.
c) Unrestricted exchange of Goods and Services.
d) Tool free of Duty

Ans c

3) India Committed to world Bank for achieving the GDP growth rate by 2012
a) 7 %
b) 8 %
c) 9 %
d)10 %

Ans c

4) Which of the following is not a Drug/Pharma Company
a) Chevron
b) Nicholas Piramal
c) Pfizer
d) Zydus Cadila

Ans a

5) Which Economy Theory is also Known as the Theory of Income Determination
a) The Theory of International Trade
b) Theory of Allocation
c) The Subsistence Theory
d) The Keynesian Theory

Ans d

6) The Leading Trade Theorist of the World is
a) Amartya Sen
b) Jagdish Bhagwati
c) Joseph Stiglitz
d) Pranab Bardhan

Ans b

7) Number of Central Bank in India
a) One
b) Two
c) Three
d) Four

Ans a

8) IBRD Abbreviates
a) International Bank of Reconstruction and Development
b) Indian Bank for Rural Development
c) Industrial Bank for Rural Development
d) International Bank for Revenue and Development

Ans a

9) Capital Market Means
a) Mutual Funds
b) Money Market
c) Securities Market
d) Banking Business

Ans c

10) The Largest Revenue Source in India
a) Sales Tax
b) Income Tax
c) Excise Duty
d) Export Duty

Ans c

11) The Securities and Exchange Board of India(SEBI) was established in the Year
a) 1992
b) 1993
c) 1994
d) 1988

Ans a

12) Who was the First Chairman of  SEBI as well of Disinvestment Commission of India
a) C.B Bhave
b) G.V.Ramakrishna
c) A.S. Morrthy
d) Vijay Kelkar

Ans b

13) The Changed Name of Unit Trust of India Bank is
a) ICICI
b) Axis
c) Bank of Punjab
d) HSBC

Ans b

14) One of the Following is not a Function of Reserve Bank of India
a) Issuing Currency Notes
b) Formulating Monetary Policy
c) Exercising Control over all Banks in India
d) Lending Money to Exporters

Ans d

15) The Governor of RBI is
a) D. Subbarao
b) V.P.Shetty
c) S.K Kain
d) A.K.Suri

Ans a

16) In India one Rupee Coins and Notes and Subsidiary
a) State Bank of India
b) Central Govt.
c) Reserve Bank of India
d) Unit trust Bank of India

Ans c

17) Prime Cost is equal to 
a) Variable Cost plus Fixed Cost
b) Variable Cost only
c) Fixed Cost only
d) Variable Cost plus Administrative Cost

Ans b

18) What is a Scheduled Bank
a) A bank having Rs 1000 Crore Deposits
b) A Bank included in the Second Schedule of the RBI.
c) A Bank having Rs 100 Crore Deposits
d) A Bank having Branches all over India

Ans b

19) In Economics the Law of Demand means
a) When Demand Rises Price Falls.
b) When Price rises, Demand Falls
c) No relationship of demand with prices.
d) None of These

Ans c

20) Macro Economics is Based on
a) Gross domestic Product
b) Net Domestic Product
c) National Income Concept only
d) External Source.

Ans b

21) The World Economic outlook( WEO ) is Published by
a) White House
b) IMF
c) UNO
d) World Economic  

Ans b

22) Bank Deposits that can be withdrawn without notice are called
a) Variable Deposits
b) Demand Deposits
c) Fixed Deposits
d) Account Payable Deposits

Ans b

23) India's Largest Nationalized Commercial Bank is
a) State Bank of India
b) ICICI Bank
c) IDBI Bank
d) P.N.B

Ans a

24) The Apex Bank for Rural Credit is
a) Rural Regional Bank
b) NAFED
c) NABARD
d) RBI

Ans c

25) Highest no of Kisan Credit Cards were issued by
a) Commercial Banks
b) Cooperative Bank
c) Regional Rural Bank
d) State Land Development Banks

Ans b

26) The Five Rupee Coin of India is
a) Minted at Nagpur
b) Minted at Indore
c) Minted in London
d) Minted in N.York

Ans c

27) The Reserve Bank of India Issues
a) all the Currency notes except the hundred rupee note.
b) all the Currency Note
c) only Notes of  Rs 10 and above
d) all the Currency notes except the one rupee note

Ans a

28) Which Among the Following is the Full from of FDI in Indian Economics
a) Foreign Depository Investors
b) Foreign Departmental Investors
c) Foreign Direct Investment
d) Foreign Development Investment

Ans c

29) IDBI is a 
a) Industrial Unit
b) Educational Institution
c) Bank
d) Construction Company

Ans c

30) The Full Form of ICICI Bank is
a) Institutional Credit and infrastructure Corporation of India.
b) Industrial Commerce and Investment Corporation of India
c) Infrastructure credit and Industrial Corporation of India
d) Industrial Credit and Investment Corporation of India

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