Dear Readers,
Just a few days are left for Bank of Baroda PO and NIACL Assistant Mains Examination. It is time to pace up your preparation of Banking Awareness for Bank of Baroda PO and NIACL Assistant Mains 2017. These Banking questions will also help you in preparing for SBI PO Mains 2017, and NICL AO Mains 2017 recruitment examination.
Q1. Which of the following organisation release World Economic Outlook report?
(a) World Bank
(b) IMF
(c) UNDP
(d) WTO
(e) None of the above
Q2. ICRA, CRISIL and Standard and Poor’s (S&P) are-
(a) Credit rating agencies
(b) NGOs
(c) Financial Institutions
(d) NBFCs
(e) None of the above
Q3. Which Bank is the Banker to the Indian Government?
(a) Central Bank of India
(b) Reserve Bank of India
(c) Punjab National Bank
(d) State Bank of India
(e) None of the above
Q4. “Primary Deficit” refers to?
(a) Gross Fiscal Deficit minus Interest Payments
(b) Budget Deficit minus Interest Payments
(c) Monetary Deficit minus Interest Payments
(d) Deficit financing by 91-day ad hoc treasury bills
(e) None of the above
Q5. Open market operations are mainly used as ______?
(a) A fiscal device which assists Government borrowing
(b) A monetary measure to regulate quantity of money in circulation and the cash reserves of the commercial banks
(c) A measure to counteract extreme trends in business
(d) A measure to influence the balance of payments position
(e) None of the above
Q6. Regional rural banks are managed by ______?
(a) The Central Government
(b) Sponsored Bank
(c) The State Government
(d) All of the above
(e) None of the above
Q7. Appellate Tribunal for recovery of debts due to banks and financial institutions has set up in _____?
(a) 1990
(b) 1970
(c) 2000
(d) 1994
(e) 2010
Q8. Many times we read about Special Drawing Rights (SDR) in newspapers. As per its definition, SDR is a monitory unit of reserve asset of which the following organization/agency?
(a) World Bank
(b) International Monetary Fund (IMF)
(c) Asian Development Bank (ADB)
(d) Reserve Bank of India (RBI)
(e) None of the above
Q9. As per recent newspaper reports, RBI is considering the grant of the license to some new companies, particularly NBFCs, to act as full-fledged Banks. Which of the following will be considered as NBFC?
(a) NABARD
(b) Life Insurance Corporation of India
(c) Reliance Capital
(d) SEBI
(e) None of the above
Q10. Various banks in the country have installed machines which disburse money to the general public. These machines are called ____?
(a) Coin Dispensing machine
(b) ATM
(c) Debit card machine
(d) Ledger machines
(e) None of the above
Q11. Which of the following efforts fall under Financial Inclusion Plan (FIP) of RBI/government?
(a) Nationalization of banks
(b) Priority Sector Lending (PSL) targets
(c) Zero balance accounts, like BSBDA, Jan-Dhan Account, Small Account, etc.
(d) All of the above
(e) None of the above
Q12. Which of the following is not true regarding Financial Inclusion Plan?
(a) Relaxed and simplified KYC norms for account opening
(b) Mandatory branches in unbanked villages
(c) BSBDA Accounts with minimum balance criteria
(d) Micro branches to be opened in rural area, that can be operated by Business Correspondents
(e) None of the above
Q13. According to the new proposal on PSL, what sub-target is to be created for Micro Enterprises in India by March 2017?
(a) 7 %
(b) 7.5%
(c) 8 %
(d) 8.5 %
(e) None of the above
Q14. Financial Inclusion means provision of –
(a) Financial services namely, payments, remittances, savings, loans, and insurance at affordable cost to persons not yet given the same
(b) ration at the affordable cost to persons not yet given the same
(c) house at the affordable cost to persons not yet given the same
(d) education at affordable costs to persons not yet given the same
(e) None of the above
Q15. What is the full form of ‘FINO’ – a term we see frequently in financial newspapers?
(a) Financial Investment Network and Operations
(b) Financial Inclusion Network and Operations
(c) Farmers’ Investment in National Organization
(d) Farmers’ Inclusion News and Operations
(e) None of the above
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