1..Inflation in India is measured on which of the following index/indicators?
[a] Cost of Living Index(COLI)
[b]Consumer Price Index(CPI)
[c]Gross Domestic Product(GDP)
[d]Whole Sale Price Index(WPI)
[e] None of the these
2.Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?
[a] Receiving notices relating to cancellation of any part of the loan.
[b]Calling of loans in the event of default
[c]Receiving the fee from the borrower and distributing among the participating banks
[d]Receiving notices relating to transfers of banks
[e] None of these
3.CRR funds are kept by the banks in ---------
[a]Cash in hand at branches
[b]Balance with other banks
[c]Balance in a special account with
[e]None
4.In the list of nationalized banks, which bank merged with Punjab national bank in 1993?
[a] Bank of Baroda
[b]Bank of India
[c]Andra Bank
[d]New Bank of India
[e]Central Bank of India
5.The shipping guarantee is a ?
[a] Type of a letter of credit
[b]Guarantee issued by the ship captain to the purchaser
[c] Guarantee issued to the borrower towards the loan granted by the shipping company
[d]Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods.
[e] None of these
6. Who said the nationalized of banks is the 'master stroke of political sagacity'?
[a] Indira Gandhi
[b]Raj Narayan
[c]Jayaprakash Narayan
[d] Jawahar Lal Nehru
[e]Atal Bihari Vajpayee
7.Which of the following best defines a floating-rate bond?
[a]A bond with a fixed interest rate and has better yield than varying interest rate bond
[b]A bond with a fixed interest rate and has lower yield than varying interest rate bond
[c]A bond with a varying interest rate and has better yield than fixed interest rate bond
[d]A bond with a varying interest rate and has lower yield than fixed interest rate bond
[e] None of these
8.Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
[a]30 Days
[b]60 Days
[c]75 Days
[d]90 Days
[e]58 Days
9.In India, the Chit funds are governed / Regulated by ___?
[a]RBI
[b]Central Government
[c]State Governments
[d]Local Bodies
[e]Co-operative Banks
10.The difference between the outflow and inflow of foreign currency is known as ___:
[a]Foreign Exchange Reserves
[b]Current Account Deficit
[c]Fiscal Deficit
[d]Balance of Payments
[e]All the Above
Answer
1.[d] 2.[c] 3.[c] 4.[d] 5.[d] 6.[c] 7.[d] 8.[c] 9.[c] 10.[b]
[a] Cost of Living Index(COLI)
[b]Consumer Price Index(CPI)
[c]Gross Domestic Product(GDP)
[d]Whole Sale Price Index(WPI)
[e] None of the these
2.Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?
[a] Receiving notices relating to cancellation of any part of the loan.
[b]Calling of loans in the event of default
[c]Receiving the fee from the borrower and distributing among the participating banks
[d]Receiving notices relating to transfers of banks
[e] None of these
3.CRR funds are kept by the banks in ---------
[a]Cash in hand at branches
[b]Balance with other banks
[c]Balance in a special account with
[e]None
4.In the list of nationalized banks, which bank merged with Punjab national bank in 1993?
[a] Bank of Baroda
[b]Bank of India
[c]Andra Bank
[d]New Bank of India
[e]Central Bank of India
5.The shipping guarantee is a ?
[a] Type of a letter of credit
[b]Guarantee issued by the ship captain to the purchaser
[c] Guarantee issued to the borrower towards the loan granted by the shipping company
[d]Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods.
[e] None of these
6. Who said the nationalized of banks is the 'master stroke of political sagacity'?
[a] Indira Gandhi
[b]Raj Narayan
[c]Jayaprakash Narayan
[d] Jawahar Lal Nehru
[e]Atal Bihari Vajpayee
7.Which of the following best defines a floating-rate bond?
[a]A bond with a fixed interest rate and has better yield than varying interest rate bond
[b]A bond with a fixed interest rate and has lower yield than varying interest rate bond
[c]A bond with a varying interest rate and has better yield than fixed interest rate bond
[d]A bond with a varying interest rate and has lower yield than fixed interest rate bond
[e] None of these
8.Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
[a]30 Days
[b]60 Days
[c]75 Days
[d]90 Days
[e]58 Days
9.In India, the Chit funds are governed / Regulated by ___?
[a]RBI
[b]Central Government
[c]State Governments
[d]Local Bodies
[e]Co-operative Banks
10.The difference between the outflow and inflow of foreign currency is known as ___:
[a]Foreign Exchange Reserves
[b]Current Account Deficit
[c]Fiscal Deficit
[d]Balance of Payments
[e]All the Above
Answer
1.[d] 2.[c] 3.[c] 4.[d] 5.[d] 6.[c] 7.[d] 8.[c] 9.[c] 10.[b]
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