Tuesday, September 16, 2014


1. NRI (Non-Resident Indian) and POI (Person of Indian Origin) can open deposit accounts in India. Which of the following statements is wrong?
1) Without the permission from the RBI, NRI and POI can open few accounts in India.
2) Both NRI and POI should open the account only with an authorized dealer in India.
3) A bank authorized to deal in foreign exchange is called authorized dealer in this context.
4) To open the account, the state government permission need where the bank head office located.
5) However Non-Resident Ordinary Rupee Account (NRO Account) can be opened in the post offices in India in the rupees denomination.

2. FEMA Act 1999 says 'A person resident outside India means a person who is not resident in India'. FEMA stands for ............
1) Foreign Exchange Management Act
2) Foreign Excel Management Act
3) Foreign Exchange Merchant Act
4) Foreign Enroll Management Act
5) None of above

3. Non-Resident Ordinary Rupee Account (NRO Account) must be .........
1) Savings account only
2) Current account only
3) Recurring Deposit account only
4) Fixed Deposit account only
5) All above type of accounts can be opened in NRO account

4. In the Non-Resident Ordinary Rupee Account (NRO Account) ............
1) American dollars can be deposited only.
2) Any foreign exchange can be deposited.
3) Both Indian and foreign exchange can be accepted.
4) Only Indian rupees accepted.
5) None of above

5. The prior approval of Reserve Bank of India essential for the opening of NRO accounts by individual/ entities of Pakistan and ..........
1) USA
2) UK
3) Nepal
4) Sri Lanka
5) Bangladesh

6. In the savings deposits accounts of NRO accounts, the rate of interest determined by .........
1) RBI
2) Government of India
3) Indian bank association
4) Banks
5) None of above

7. Whether joint accounts are allowed in NRO account?
1) No.
2) Yes, but both should be Non Resident Indians only.
3) Yes, the joint account can be held jointly with residents and / or with non-resident Indian also.
4) Yes, the joint account can be held jointly with residents and / or with non-resident Indian but one of them must have a saving account already in India.
5) None of above

8. The foreign tourist during their short visit to India can open a Non-Resident Ordinary Rupee (NRO) Account?
1) No.
2) Yes, the consent of RBI necessary.
3) Yes, but the consent of President of India necessary.
4) No, as it is against to BASEL III principles
5) Yes, but such account can be opened up to a maximum period of 6 months.

9. Whether the NRO Account be used for making local payments?
1) No.
2) Yes, but he can not spend not more than Rs.50,000 any time paying to any resident.
3) Yes, but payments to residents exceeding Rs.50,000 can be made only by means of cheques / Demand Drafts etc.
4) Yes, but payments to residents exceeding Rs.1,00,000 can be made only by means of cheques / Demand Drafts etc.
5) None of above

10. A Non-Resident Ordinary Rupee Account holder can have nomination facility?
1) Yes
2) No
3) Yes, but the account holder must be elder
4) Yes, but the foreign government consent necessary
5) None of above

11. Non-Resident (External) Rupee Account (NRE Account) must be in the form of which account?
1) Savings account only
2) Current account and Recurring Account only
3) Fixed Deposits only
4) All of above
5) None of above

12. NRE Account can be opened by the NRI and the account will be maintained ..........
1) In US Dollars and UK Pounds only
2) In Indian Rupees and US Dollars only
3) In any foreign exchange
4) In Indian Rupees only
5) None of above

13. Details of Non-Resident (External) Rupee Account (NRE Account) given. Locate the wrong option.
1) Balances held in the NRE account are repatriable.
2) Accrued interest income and the balances exempt from Income Tax.
3) Banks are free to determine the interest rates on term deposits of maturity of one year and above.
4) Loans not at all permitted in this account.
5) None of above

14. Foreign Currency (Non Resident) Account (Bank) [FCNR (B) Account] available to NRIs. Which type of account available for the account holder?
1) Term Deposit only
2) Savings deposit only
3) Joint Account and one of them must be foreigner only
5) None of above

15. Foreign Currency (Non Resident) Account (Bank) familiarly called FCNR (B) Account
are only in the form of term deposits of .......
1) 1 to 5 years
2) 2 to 6 years
3) 1 to 10 years
4) 90 days to 365 days
5) None of above

16. Which of the investment facility not available to NRI as per the present rules of RBI?
1) NRI can purchase any government dated securities / Treasury bills on repatriation basis with out any limit.
2) He can buy non-convertible debentures of a company incorporated in India.
3) He can buy Units of domestic mutual funds with out any limit.
4) He can buy perpetual debt instruments and debt capital instruments issued by banks in India.
5) All above investment facilities available to NRIs.

17. Which private bank has become the biggest employer in the private banking sector having more than 72,000 employees in the FY 2013-14?
1) TMB
2) Axis Bank
5) Kotak Mahindra Bank

18. Which international monetary organization signed a $107-million credit agreement for the
road linkage of India, Bangladesh and Myanmar on 28 August 2014?
1) IDA
2) ODA
4) IFC
5) ADB

19. Banks and Financial Institutions empowered to recover non-performing assets without the intervention of the court by using SARFAESI Act. SARFAESI stands for .......
1) Securities and Reconstruction of Financial Assets and Enforcement of Security Interest Act
2) Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
3) Securitisation and Recovery of Financial Assets and Enforcement of Security Interest Act
4) Securitisation and Reconstruction of Financial Assets and Endorsement of Security Interest Act
5) None of above

20. SARFAESI Act was passed in ........
1) 1984
2) 1934
3) 1969
4) 2002
5) 1999

21. SARFAESI Act provides three alternative methods for recovery of non-performing assets. They are ............
1) Securitisation, asset rebuilding and enforcement of security without the intervention of the court
2) Fee to process loan, asset reconstruction and enforcement of security without the intervention of the court
3) Securitisation, asset reconstruction and enforcement of security with the intervention of the court
4) Securitisation, asset reconstruction and enforcement of security without the intervention of the court
5) None of above

22. The SARFAESI Act 2002 applicable only for NPA (Non-Performing Assets) having outstanding ............
1) Above Rs.10 Lakh only
2) Above Rs.20 Lakh only
3) Above Rs.50 Lakh only
4) Above Rs.30 Lakh only
5) Above Rs.1 Lakh only

23. NPA loan accounts where the amount is less than .............. of the principal and interest are not eligible to be dealt with under the SARFAESI Act 2002.
1) 30%
2) 25%
3) 40%
4) 20%
5) None

24. Under the SARFAESI Act 2002, NPAs should be backed by securities charged to the bank by way of ..........
1) Mortgage only
2) Hypothecation only
3) Assignment
4) All of above
5) None of above

25. As per the SARFAESI Act, if the borrower / guarantor aggrieved by the action of the Bank can file an appeal with DRT. DRT stands for ...............
1) Debt Recovery Tribunal
2) Deal Recovery Tribunal
3) Doubt Recovery Tribunal
4) Debt Recovery Tutorial
5) None

1-4, 2-1, 3-5, 4-4, 5-5, 6-4, 7-3, 8-5, 9-3, 10-1
11-4, 12-4, 13-4, 14-1, 15-1, 16-5, 17-3, 18-3, 19-2, 20-4, 21-4, 22-5, 23-4, 24-4, 25-1.

Monday, September 15, 2014


1. Vikas Gowda won a gold medal in the 2014 Commonwealth Games in Glasgow in which of the following sports?
a) Weightlifting
b) Shooting
c) Wrestling
d) Discus throw
e) None of these

2. Reuven Rivlin is the new President of which of the following countries?
a) Germany
b) Israel
c) Austria
d) Hungary
e) Romania

3. Which of the following teams was placed third in the 2014 FIFA World Cup?
a) Germany
b) Argentina
c) Netherlands
d) Brazil
e) Belgium

4. Who were runners up in FIFAWorld Cup 2014?
a) Germany
b) Netherlands
c) Argentina
d) Brazil
e) Colombia

5. Who is the Present Deputy Chairman of Rajya Sabha?
a) Sumitra Mahajan
b) Arun Jaitely
c) Gulam Nabi Azad
d) P. J. Kurien
e) P. Sreedharan

6. 56th Annual Grammy Awards "Song of the Year"?
a) I Will Wait
b) I Cry
c) One More Night
d) Royals
e) Passenger

7. Name the Chairman of ISRO (Indian Space Research Organization)?
a) Shekar Basu
b) Dr. M. Y. S. Prasad
c) K. Radha Krishnan
d) Ranjit Biswal
e) N. Srinivasan

8. Who got the "India's Global Icon of the Year" award?
a) Amir khan
b) Amitabh Bachchan
c) Narendra modi
d) Rajini kanth
e) Abdul kalam

9. Which film bagged Best Film in BAFTAAwards 2014?
a) 12 Years a Slave
b) Bhaag Milkha Bhaag
c) The Flick
d) The Goldfinch
e) Margaret Fuller

10. What is the official currency of Argentina?
a) Argentine Peso
b) Argentine Real
c) Argentine Pula
d) Argentine Dollar
e) Argentine Rope

11. Cricketer of the year of CEAT Awards is bagged by:
a) Shikhar Dhawan (India)
b) Shakib Al Hasan (Bangladesh)
c) Virat Kohli (India)
d) Mitchell Jonson (Australia)
e) Glenn Maxwell (Australia)

12. Who among the following was conferred Padma Vibhushan during this year?
a) Dr. Raghunath A. Mashelkar,
Science and Engineering
b) Shri B.K.S. Iyengar
c) Shri T.H. Vinayakram, Art - Ghatam Artist, Tamil Nadu
d) Dr. Thirumalachari Ramasami, Science and Engineering, Delhi
e) Smt Rani Karnaa, Art - Kathak, West Bengal

13. Who is the Secretary General of SAARC (The South Asian Association for Regional Cooperation)?
a) Takehiko Nakao
b) Jose Manuel Barroso
c) Nkosazana Dilmini Zuma
d) Le luong Minh Jakartha
e) Arjun Bahadur Thapa

14. K. V. Chowdary is the Chairman of:
a) ICAI (Institute of Chartered Accountants of India)
b) PAC (Public Accounts Committee)
c) CBDT (Central Board of Direct Taxes)
d) SEBI (Securities and Exchange Board of India)
e) ABC (Audit Bureau of Circulations)

15. The Budget 2014-15 extends ____ per cent withholding tax on corporate bonds until June 30, 2017:
a) 3
b) 4
c) 5
d) 6
e) 7

16. The Budget 2014-15 raises limit on foreign direct investment in defence sector to ____ per cent from ____ percent:
a) 49; 25
b) 46; 26
c) 47; 25
d) 48; 26
e) 49; 26

17. World Literacy Day is observed on
a) Sep 5
b) Aug 6
c) Sep 8
d) Oct 24
e) Dec 7

18. LASIK surgery is gaining widespread popularity and acceptance by people who are not friendly with the eye-glasses. What is the full form of LASIK?
a) Laser-Assisted In-Situ Keratomileusis
b) Laser-Assayed In-Situ Keratomileusis
c) Laser-Assisted Inhibited Keratomileusis
d) Laser-Assayed Inhibited Keratomileusis
e) None of these

19. "Arka Rakshak" is a famous variet y of __?
a) Tomato
b) Potato
c) Brinjal
d) Orange
e) Apple

20. Dr. Noel W. Hinners, a former Chief Scientist of NASA has recently passed away. What is the name of the space program on which he had worked extensively and given significant contributions?
a) Project Mercury
b) Project Gemini
c) Project Apollo
d) Project Soyuz
e) Project Jupiter

1) d; 2) b; 3) c; 4) c; 5) d; 6) d; 7) c; 8) b; 9) a; 10) a;
11) c; 12) b; 13) e; 14) c; 15) c; 16) e; 17) c: 18) a: 19) a: 20) c

Saturday, September 13, 2014


1. What is the full form of the term 'NPA' as used in banking environment ?
a. Not profitable Assets 
b. New potential Accounts  
c. Non-Performing Assets     
d. Net performing Assets  
e. None of the above

2. The National Rural Employment Guarantee Act is now known by which of the following names?
a. Indira Gandhi Rural Employment Guarantee Act       
b. Rajiv Gandhi Rural Employment Guarantee Act
c. Jawaharlal Nehru Rural Employment Guarantee Act     
d. Mahatma Gandhi Rural Employment Guarantee Act      
e. None of these

3. The Food and Agriculture Organization (FAO) is wing/agency of the
a. World Bank       
b. United Nations Organization   
c. Asian Development Bank    
d. Ministry of Agriculture Government of India   
e. None of these

4. Planning commission started in _____________ year ?
a. 1950      
b. 1951        
c. 1952      
d. 1953       
e. 1954

5. NDC started in ___________ year?
a. 1950      
b. 1951      
c. 1952     
d. 1953        
e. 1954

6. Which of the following states has the maximum number of Sugar mills?
a. Bihar      
b. Rajasthan       
c. Gujarat  
d. Haryana       
e. Uttar Pradesh

7. Expand the term NREGA
a. National Rural Employment Guara ntee Agency       
b. National Rural Electrification Gover ning Agency
c. National Rural Employment Guara ntee Act       
d. New Rural Employment Guarantee Agency   
e. None of these

8. The organization of the South East Asian countries is known as …..
a. OPEC      
b. ASEAN      
 c. NATO    
d. UNCTAD      

9. A bank normally does not have to deal with an issue related to
a. Payments and settlement systems       
b. Contractual right of creditors   
c. Intellectual property rights    
d. Cases of insolvency  
e. Coordination between regulators acti ve in banking/ financial sectors

10. Transport of goods by which of the following is free levy of the Service Tax?
a. Indian Railways     
b. Shipping Companies owned by NIRs   
c. All private road transport companies    
d. By the transport corporation of India in its own special containers   
e. None of the above

11. The rate of interest, banks charge to its main/major and prime customers is popularly called as
a. Risk premium     
b. Prime Lending Rate   
c. Repo Rate   
d. Reverse Repo Rate   
e. Cost of fund

12.Which of the following is NOT considered as a parameter for defining the Below Poverty Line (BPL) status of persons?
a. Food security     
b. Marital Status 
c. Debt    
d. Literacy 
e. Land holdings

13.Which of the following is/are NOT called the types of Inflation?
(1) Cost push     
(2) Real wages     
(3) Demand pull
a. Only 1      
b. Only 2       
c.Only 3     
d.Only 1 and 2       
e. Only 2 and 3

14. Which of the following is the full form of the term SLR as used in the banking sector?
a. Social Lending Ratio     
b. Statutory Liquidity Ratio  
c. Scheduled Liqui8dity Rate   
d. Separate Lending Rate   
e. None of the above

15. Which of the following schemes of the Govt. of India is associated which the health sector?
a. NRDP     
b. IRDP       
c. ASHA        
d. Bharat Nirman       
e. All of these

16. Which of the following is NOT the abbreviated name of the scheme launched for watershed development in India?
a. DPAP      
b. DDP       
c. VHNDs      
d. IWDP       
e. Hariyali

17. Which of the following is NOT a function of Bank?
a. Providing project finance      
b. Selling Mutual Funds    
c. Deciding policy rates like CRR, Repo rate/SLR etc
d. Settlement of payments on behalf of the customers          
e. All of these are functions of bank

18. Which of the following is a form of "Small Savings Bank" popular among the poor or children?
a. Core Banking       
b. Credit Banking      
c. Debit Card       
d.Merchant Banking    
e. Piggy Banking

19. Which of the following is a Horticulture Crop?
a. Paddy     
b. Wheat       
c. Mango      
d. Bajara       
e. None of these

20. Which of the following nations is considered the originator of the concept of Micro finance?
a. India       
b. Bangladesh     
c. South Africa      
d. USA       
e. None of these

21. India's first transgenic crop was
a. Potato     
b. Brinjal      
c. Sugarcane       
d. Bt cotton      
e. None of these

22. Government normally does not announce the Minimum Support Price (MSP) of
a. Wheat      
b. Paddy     
c. Sugarcane      
d. Jute      
e. All of these

23. Banks borrow money from the RBI on which of the following rates?
a. Bank rate      
 b. CRR        
c. SLR     
d. Reverse Repo Rate       
e. Repo Rate

24. What is the abbreviation of 'PPP'?
a. Perfect, Preferred and Protected        
b. Point to Point Protocol    
c. Power Point Presentation  
d. Purchasing Power Parity    
e. None of above

25. Which of the following is one of the most successful programmes under Bharat Nirman?
a. PradhanMantri Gram SadakYojana      
b. Watershed Development Sheme  
c. Rajiv Gandhi Grammen Vidyutikaran Yojana
d. Indira AwasYojana      
e. None of the above

26. The letter 'D' stands for which of the following in the abbreviated name OECD? (Organization of Economic Cooperation and ……)
a. Defence     
b. Directions    
c. Dominance     
d. Development    
e. Devaluation

27. The "World Economic Outlook" is published by which of the following organizations regularly?
a. World Bank    
b. International Monetary Fund  
c. Asian Development Bank  
d. World Trade Organization      
e.None of above

28. The New India Assurance Company was established in 1919 by
a. Dorab Tata     
b. GD Birla    
c. Jamunalal Bajaj      
d. KamlapatSinghania      
e. None of these

29. "No Tobacco Day" is observed every year on
a. 1st May      
b. 1st June       
c. 31st May   
d. 30th June       
e. None of these

30. Which of the following schemes was launched recently to make Indian cities free from slums?
a. Bharat Nirman     
b. Indira VikashYojana     
c. Indira AwasYojana    
d. Rajiv AwasYojana       
e. None of these

31. The sex ratio in India is higher in which of the following states ? (Females 1084) are more than per thousand males)
a. Maharashtra      
b. Kerala         
c. Manipur        
d. Assame        
e. Karnataka

32. Which of the following countries is NOT a member of ASEAN?
a. Myanmar       
b. Singapore       
c. China        
d. Vietnam        
e. Malaysia

33. Which is the meant by "Under writing" the term frequently used in financial sector?
a. Under valuation of the assets    
b. The Act of taking on a risk for a fee     
c. Giving a guarantee that a loan will not become a bad loan
d.The act of permission to float an IPO       
e. None of the above

34. 'Yen' is the currency of
a. China     
b. France       
c. Britain      
d. Italy       
e. Japan

35. SDR stands
a. Special Drawing Rights    
b. Special Development Rights    
c. Supreme Court Development Rights  
d. Supreme Court Drawing Rights    
e. None of these

36. Headquarters of the United Nations Organization is located in
a. New York      
b. Tokyo      
c. London       
d. Kathmandu      
e. Moscow

37. Many a times we come across a term in field of banking operation which reads 'ECS'. What is the full form of the same?
a. Electronic Coding System  
b. Extra Coding System  
c. Electronic Clearing Service  
d. Elementary Clearing System   
e. None of these

38. Union Budget is always presented first in the
a. RajyaSabha      
b. LokSabha     
c. Joint Session of the Parliament     
d. Meeting of the Union Cabinet      
e. None of the above

39. What is the full form of LAF?
a. Legal adjustment Facility     
b. Liquidity Adjustment Facility  
c. Long term Achievement Facility  
d. Legal Adjustment Formality  
e. None of these

40. Many a times we read a term in financial newspapers 'SEPA'. What is the full form of the term?
a. Single Exchange Processing Agency     
b. Single Euro Payments Area  
c. Single Electronic Processing Agency 
d. Super Electronic Purchase Agency 
e. None of the above

41. Service Tax was introduced in India for the first time in the year
a. 1990-91      
b. 1991-92       
c. 1994-95      
d. 1980-81     
e. 2000-01

42. Which of the following has now became the Third Largest Economy of the World?
a. Brazil      
b. India      
c. China     
d. Japan      
e. Russia

43. Which of the following is/are the components of the Fiscal Deficit?
A. Budgetary Deficit      
B. Market Borrowings      
C. Expenditure made from Pradhan Mantri Raha Kosha
a. Only (A) 
b. Only (B) 
c. Only (C)
d. all (A),(B) and (C) 
e.None of these

44. What is a Repo Rate?
a. It is a rate at which RBI sell Govt. Securities to banks 
b. It is rate at which RBI buys Govt. securities 
c. It is a rate at which RBI allows small loans in the market 
d. It is a rate at which offered by Banks to their most valued customers or prime customers 
e. None of these

45. The agricultural census is done at which of the following intervals?
a. There is no fixed term      
b. Every year 
c. Once in three years     
d. Once in ten years      
e. Once in five years

46. The maximum amount of total Revenue earned by the Govt. of the India comes from
a. Income tax       
b. Customs duty       
c. Excise duty      
d. Value added tax     
e. Corporate tax

47. Bharat Nirman does not cover which of the following areas?
a. Rural employment       
b. Rural Housing    
c. Rural Water Supply        
d. Irrigation Facilities  
e. It covers all the above areas

48. Who amongst the following gave the concept of PURA (Providing Urban Facilities in Rural Areas)?
a. Rajiv Gandhi       
b. Manmohan Singh  
c. APJ Abdul Kalam       
d. Narendhra Modi   
e. None of these

49. A customer wishes to purchase some US dollars in India. He/She should go to
a. Public Debt Division of the RBI only    
b. American Express Bank Only   
c. RBI or any branch of the bank which is authorized for such business     
d. Ministry of Foreign Affairs   
e. None of these

1) c 2) d 3) b 4) a 5) c 6) e 7) c 8) b 9)c 10) a 
11) b 12) b 13) b 14) b 15) c 16) b 17) e 18) e 19) c 20) b 
21) d 22) d 23) e 24) d 25) a 26) d 27) b 28) a 29) c 30) d 
31) b 32) c 33) b 34) e 35) a 36) a 37) c 38) b 39) b 40) b 
41) c 42) b 43) d 44) a 45) e 46) e 47) a 48) c 49) c


1. ICICI has recently launched its mobile banking service called mobile money with which of the following public service providers?
1) Vodafone
2) Aircel
3) Airtel
4) Tata Docomo
5) None of these

2. GDP growth in 2014-15 is estimated at ______ per cent year-on-year.
1) 5.4 - 5.9
2) 5.6 - 5.9
3) 5.4- 5.6
4) 4.5 -4.9
5) 4.6 -4.9

3. Development of new airports in ____ cities will be launched for implementation through Airport Authority of India or PPPs.
1) Tier I and Tier II
2) Tier II and Tier III
3) Tier I and Tier III
4) Tier I and Tier IV
5) Tier I and Tier V

4. The security which is a claim on the government and is a secured financial instrument guarantees certainty of both capital and interest is called?
1) Gilt-Edged Security
2) Call Money
3) Treasury Bills
4) Certificate of Deposits
5) All of these

5. Income Tax Deduction limit under Section 80-C raised to _______ .
1) Rs 1.5 lakh
2) Rs 1.6 lakh
3) Rs 1.7 lakh
4) Rs 2.5 lakh
5) Rs 2.6 lakh

6. Who is appointed as 41st Chief Justice of India?
1) Dr. Harsh Kumar Bhanwala
2) Rajendra Mal Lodha
3) S.K.Roy
4) J. M. Shanti Sundharam
5) Shashikanth Sharma

7. Govt. proposes to launch ___ programme to ensure broad band connectivity at village level.
1) Digital India
2) Satellite India
3) Broadband India
4) Smart India
5) New India

8. Who is the Leader of the Opposition of Rajya Sabha?
1) Gulam Nabi Azad
2) Sonia Gandhi
3) Rahul Gandhi
4) Ambica Soni
5) None of the above

9. Who is the author of the book "Gandhi before India"?
1) Ravindranath Tagore
2) Ramchandra Guha
3) A.P.J Abdul kalam
4) Pele
5) Sunaina Singh

10. The Euro is not used in which of the following countries?
1) Germany
2) Italy
3) France
4) Norway
5) None of these

11. Who won the Indian Premier League (IPL) - 2014 ?
1) Rajasthan royals
2) Punjab kings
3) Chennai super kings
4) Kolkata Knight Riders
5) Sun rises

12. Which of the following relationship is incorrect in case of Locker facility:
1) Lessor- Lessee
2) Landlord-Tenant
3) Bailor-Bailee
4) Licensor- Licencee
5) None of these

13. Largest shareholder (in percentage shareholding) of a nationalized bank is ____
1) RBI
3) LIC
4) Govt. of India
5) IBA

14. RBI recently issued draft guidelines for implementation (BBPS) of an "any time -any where" bill payment system. What does BBPS stands for:
1) Barath Bill Payment Serves
2) Barath Bill Payment System
3) Barathiya Bill Payment system
4) British Bill payment System
5) None of these

15. Most important small scale industry of India is ___
1) Agarbatti
2) Paper industry
3) Handloom
4) All the above
5) None of these

16. Project Namaskar launched by which bank as a part of financial inclusion __
1) PNB
2) BOI
3) BOB
4) SBI
5) None of these

17. SEBI on 19th March 2014 inaugurated its local office at?
1) Pune
2) Shimla
3) Ranchi
4) Bhopal
5) Delhi

18. Madhya Pradesh Government's financial inclusion model is ____
1) Vihari
2) Samriddhi
3) Paripurna
4) Akhshara
5) None of these

19. Which bank opened CSP (Customer Service Point) to extend financial inclusion targeting urban poor?
1) Andhra bank
2) SBI
3) SBH
4) Canara bank
5) Corporation bank

20. RBI pays interest on CRR balances of banks at _____.
1) Bank Rate
2) Repo Rate
3) Bank Rate minus 2%
4) Zero %
5) 5%

21. Statutory Liquidity Ratio (SLR) can be maintained in the following ways?
1) Cash
2) Gold
3) Unencumbered approved securities
4) All of these
5) None of the above

22. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the
1) Domestic Rate
2) Exchange rate
3) Bank rate
4) Fixed rte
5) None of these

23. Which credit card company has tied up the Railways to issue a credit cum loyalty card?
1) ICICI Cards
2) SBI Cards
3) ABN Amro Cards
4) Citibank
5) SBH cards

24. Who has won the 2014 Templeton Prize?
1) Dalai Lama
2) Desmond Tutu
3) Tomas Halik
4) Aung San Su Kyi
5) None of these

25. Which Indian shooter clinched a silver medal at the ISSF World Cup in Fort Benning, USA in March 2014?
1) Chain Singh
2) Pooja Ghatkar
3) Rahi Sarnobat
4) Heena Sidhu
5) None of these

26. Abdel Fattah el-Sisi became the President of which of the following countries in June 2014?
1) Yemen
2) Egypt
3) Iran
4) Libya
5) Syria

27. "The Substance and The Shadow" is the autobiography of which of the following actors?
1) Dev Anand
2) Rajesh Khanna
3) Dilip Kumar
4) Dharmendra
5) Aamir Khan

28. Bor Wildlife Sanctuary has been notified as the 47th Tiger Reserve of India. It is in?
1) Maharashtra
2) Odisha
3) Assam
4) Gujarat
5) Madhya Pradesh

29. Which team won the Deodhar Trophy Cricket recently in Visakhapatnam?
1) West Zone
2) North Zone
3) South Zone
4) Central Zone
5) East Zone

30. Which of the following countries honored Shah Rukh Khan with Officer of the Legion of Honor recently?
1) Germany
2) France
3) South Korea
4) Italy
5) UK

31. Rani-Ki-Vav, an 11th century step well was accorded the UNESCO World Heritage Site status. It is in?
1) Rajasthan
2) Madhya Pradesh
3) Gujarat
4) Uttar Pradesh
5) Haryana

32. Who won the gold medal in the World Rapid Chess championship in Dubai in June 2014?
1) Magnus Carlsen
2) Viswanathan Anand
3) Fabiano Caruana
4) Hikaru Nakamura
5) None of these

33. Who visited China in June 2014 to attend the events to mark the 60th anniversary of Panchsheel agreement?
1) Pranab Mukherjee
2) Hamid Ansari
3) Narendra Modi
4) Sushma Swaraj
5) Arun Jaitley

34. Who is the Union Minister of Consumer Affairs, Food and Public Distribution?
1) Anantha Kumar
2) Anant Geete
3) Ramvilas Paswan
4) Radha Mohan Singh
5) Jual Oram

35. Who has been appointed as the Governor of Gujarat?
1) Kesri Nath Tripathi
2) Om Prakash Kohli
3) Balram Das Tandon
4) Padmanabha Acharya
5) Ram Naik

36. Which city hosted the 6th BRICS Summit in July 2014?
1) Durban
2) Rio de Janeiro
3) Moscow
4) Fortaleza
5) Cape Town

37. Nay Pyi Taw is the capital of which of the following countries?
1) Bangladesh
2) Vietnam
3) Cambodia
4) Laos
5) Myanmar

38. Nadine Gordimer of South Africa passed away in July 2014. She was a winner of Nobel Prize in which of the following fields?
1) Physics
2) Peace
3) Literature
4) Chemistry
5) Economics

39. Which of the following became the 1000th site to be included in the UNESCO World Heritage Site List in June 2014?
1) Iguazu National Park, Argentina
2) Great Barrier Reef, Australia
3) Ruins of Loropeni, Burkina Faso
4) Preah Vihear Temple, Cambodia
5) Okavango Delta, Botswana

40. Petra Kvitova defeated which of the following players in the final to win the 2014 Wimbledon women's singles tennis title?
1) Serena Williams
2) Venus Williams
3) Eugenie Bouchard
4) Maria Sharapova
5) Li Na

1) 5; 2) 2; 3) 1; 4) 1; 5) 1; 6) 2; 7) 1; 8) 1; 9) 2; 10) 4;
11) 4; 12) 3; 13) 4; 14) 2; 15) 3; 16) 1; 17) 3 ; 18) 2; 19) 2; 20) 4;
21) 4; 22) 2; 23) 2; 24) 3; 25) 4; 26) 2; 27) 3; 28) 1; 29) 1; 30) 2;
31) 3; 32) 1; 33) 2; 34) 3; 35) 2; 36) 4; 37) 5; 38) 3; 39) 5; 40) 3;

Wednesday, September 10, 2014


1. The provisions of SARFAESI Act, 2002 can be applied while taking possession of goods ............ to the bank and selling them without intervention of the court and after observing the required formalities :
1) Pledged
2) Hypothecated
3) Assigned
4) Mortgaged
5) None

2. RBI performs diverse functions of the monetary and banking system. Select the incorrect one.
1) Supervision
2) Control
3) Development
4) Transacting banking business with the general public
5) None of these

3. As per the reports published by the International Monetary Fund (IMF) the developing economies across the world are holding a massive stockpile of foreign exchange reserves. Which of the following is/ are the resultant consequences of this type of stock pilings by various nations?
A) A trade imbalance (vast difference in value of imports/ exports) is generated between the developing and emerging economies and the rich countries. It is not, a healthy sign.
B) Many economists are of the opinion that these imbalances created the underpinning of the current global economic crisis.
C) This stockpiling is responsible not only for problems in trade balances but has also created a problem of money laundering.
1) Only A
2) Only B
3) Only C
4) Only A and B
5) All A, B and C

4. The Government of India has set up a special group to devise a long term pricing formula, so that it can cope with the prevailing global volatility in the prices of which of the following commodities?
1) Sugar
2) Paddy
3) Crude oil and petroleum
4) Gold
5) Pulses

5. Which of the following is not included in the core sectors of Indian economy?
1) Transport
2) Coal
3) Steel
4) Cement
5) Electricity

6. As we all know India has a three tier structure of tax administration. There are taxes levied by Central Government, State Governments and Local Governments. ....... is levied by the Local Government Bodies.
1) Value Added Tax
2) Coal tax
3) Service Tax
4) Land Revenue
5) Tax on water supply and drainage etc

7. RBI was instrumental in promoting some financial institutions and providing them with continuous flow of credit. Which of the following was not benefited?
5) None of these

8. The Basel II Accord provides a spectrum of approaches from simple to advanced methodologies for the measurement of both .... and .... in determining capital levels.
1) credit risk, operational risk
2) currency risk, forex risk
3) regulatory, reputational risk
4) only (1) and (2)
5) None of these

9. Many times we see a term ‘PPP' in financial newspapers. One full form of it is "Private Public Partnership". What is an other version of the same also used in the financial world?
1) Perfect, Preferred and Protected
2) Point to Point Protocol
3) Power Point Presentation
4) Purchasing Power Parity
5) None

10. Who among the following is a famous Badminton Player?
1) Mary Kom
2) Saina Nehwal
3) Anjali Bhagwat
4) Sania Mirza
5) Mithali Raj

11. Which of the following is one of the most successful programmes under Bharat Nirman?
1) Pradhan Mantri Gram Sadak Yojana
2) Watershed Development
3) Rajiv Gandhi Grameen Vidyutikaran Yojana
4) Indira Awas Yojana
5) None of these

12. As we all know Mobile Banking is comparatively a new mode of banking all over the world. What is its status in India?
(A) The willingness to conduct banking through mobile devices is higher in India.
(B) About 4% of total m.com mere transactions have taken place in the first few months of the current fiscal year in India.
(C) Since RBI's permission is needed for offering mobile banking only two private banks are providing this service at present.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

13. Which of the following is / are true about the Pradhan Mantri Adarsh Gram Yojana (PMAGY) to be launched soon?
A) The scheme will be launched in one village of each district in Uttar Pradesh, Bihar and Rajasthan as a pilot project.
B) The scheme is only for villages where the 50 percent population is of Scheduled Castes.
C) An amount of Rs.1,00,000 crore is provided for the scheme out of which 50% will come as grant-in-aid from the UNO.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

14. The number of self help group members, to be financed by Urban Cooperative Banks, is within a range of:
1) 5 to 10 persons
2) 4 to 10 persons
3) 10 to 20 persons
4) 10 to 25 persons
5) None of these

15. Many times we hear about the "Banking Ombudsman", what is / are the major roles of same?
(A) Banking Ombudsman is a quasi judicial authority having powers to summon, the banks and the customers both in case of dispute.
(B) The banking Ombudsman are appointed by the President of India and are retired judges of the High or Supreme Courts.
(C) The decisions / judgments given by the banking Ombudsman cannot be taken to any court of justice as their decisions are last in case of bank related problems / disputes.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

16. Who amongst the following is the Union Home Minister at present?
1) Smriti Irani
2) Venkaiah Naidu
3) P. Chidambaram
4) Arun Jaitley
5) Rajnath Singh

17. As per RBI guidelines the operating framework for tracking frauds and dealing with them should be structured along the following tracks:
A) Detection and reporting of frauds
B) Corrective Action
C) Preventive and punitive action
D) Provision for capital punishment for the offenders.
1) Only (A), (B) and (C)
2) Only (B) and (C)
3) Only (A) and (C)
4) All of the above
5) None of these

18. The Reliance Power (R-Power) is working on four Hydropower projects in Arunachal Pradesh which are "Run-of-River" (R-O-R) type of projects. What is the main characteristic of ROR projects?
1) These projects are developed only in hilly areas. They can't be developed on plains
2) In these projects there is no need of storing the water in dams which is very costly.
3) In ROR projects the only requirement is to make a big reservoir and turn the flow of river in the direction in which we need it
4) ROR projects are three to four time costlier as compared to old patterned dam type of projects.
5) None of these

19. Which of the following countries is planning to launch its first Mars probe in near future?
1) China
2) Japan
3) India
4) Russia
5) USA

20. India recently inducted Airborne Warning And Control System (AWACS) platforms in its Air force. These sophisticated machines are supplied by which of the following countries?
1) Australia
2) Germany
3) Israel
4) Russia
5) USA

21. Which of the following pairs of countries are the signatories of a Gas pipeline deal christened as Peace Pipeline ?
1) Iran-Iraq
2) Iraq-UAE
3) Pakistan-Iraq
4) Pakistan-Iran
5) Pakistan-India

22. Famous Bhakra Nangal Dam is built on which of the following rivers?
1) Ganga
2) Narmada
3) Godavari
4) Krishna
5) Sutlej

23. According to the Census of India 2011, the most densely populated state among the following is
1) Uttar Pradesh
2) Bihar
3) West Bengal
4) Madhya Pradesh
5) None of these

24. With which of the following games 'Merdeka Cup' is associated?
1) Hockey
2) Golf
3) Football
4) Badminton
5) Lawn Tennis

25. Which of the following state governments, decided to have a ‘Mahila Court’ in every district of the state?
1) Tamilnadu
2) Andhra Pradesh
3) Karnataka
4) Delhi
5) Uttar Pradesh

26. Who amongst the following is the author of the book "Faith and Compassion"?
1) Arun Gandhi
2) Kuldeep Nayyar
3) Amit Chaudhury
4) Navin Chawla
5) None of these

27. Pankaj Advani has become the world's professional champion player of
1) Badminton
2) Tennis
3) Golf
4) Chess
5) None of these

28. We hear a term "Carbon Foot Print" these days very frequently. What does it indicate?
(A) The amount of carbon dioxide released in the atmosphere every day by an electronic gadget / organization or even by an individual.
(B) The quantity of CO2 released when one ton of air recycled by an Air conditioner, during every hour of its functioning.
(C) The quantity of all green house gases put together required to maintain the temperature of the environment at a fixed level of 30°C at nodal points in a country.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

29. The letter ‘D’ stands for which of the following in the abbreviated name OECD? (Organisation of Economic Cooperation and ...... )
1) Defence
2) Direction
3) Dominance
4) Development
5) Devaluation

30. Which of the following books is NOT written by Doris Lessing?
1) The Golden Note Book
2) Memoirs of a Survivor
3) The City of Joy
4) The Summer Before the Dark
5) The Fifth Child

31. Which book is written by Dr.A.P.J. Abdul Kalam?
1) India My Dream
2) My Presidential Years
3) My Story
4) Sunny Days
5) Discovery of India

32. Who among the following is the Minister of External Affairs in India at present?
1) Dr. Murali Manohar Joshi
2) Arun Jaitley
3) Nitin Gadkari
4) Ashok Gajapathi Raju
5) Sushma Swaraj

33. Which scheme launched by the Govt. of India allows the poor open bank accounts which will come with the facility of a debit card and an insurance cover of Rs.1 lakh?
1) Swabhimaan
2) Swavalamban
3) Saral
4) Sahaj
5) Jan Dhan Yojana

34. Which of the following is the name of a country?
1) Kwanza
2) Chad
3) Krone
4) Ruble
5) Rula

35. Which of the following terms is NOT used in the game of cricket?
1) Short Leg
2) Silly Point
3) Follow on
4) Leg Before Wicket
5) Gambit

36. Which of the following is the Capital of Manipur?
1) Kohima
2) Imphal
3) Guwahati
4) Shillong
5) Puri

37. Which of the following is NOT a direct tax?
1) Income Tax
2) Sales Tax
3) Value Added Tax
4) Excise Duty
5) Education Cess

38. What is Repo Rate at present?
1) 7%
2) 7.5%
3) 8%
4) 8.5%
5) None of these

39. Which of the following is a vegetable?
1) Maize
2) Castor
3) Groundnut
4) Spinach
5) Sweet Lime

40. The World Environment Day is observed on .........
1) 5th November
2) 5th June
3) 15th August
4) 25th December
5) 12th December

1-2, 2-4, 3-5, 4-3, 5-1, 6-5, 7-4, 8-1, 9-4, 10-2,
11-1, 12-2, 13-2, 14-3, 15-1, 16-5, 17-1, 18-1, 19-3, 20-3
21-4, 22-5, 23-2, 24-3, 25-4, 26-4, 27-3, 28-3, 29-4, 30-3
31-1, 32-5, 33-5, 34-2, 35-5, 36-2, 37-2, 38-3, 39-4, 40-2