***Banking awareness *** 1. Which Awards is given for excellence in the field of Literature? Ans- Pulitzer Prize 2. Bank branches which can undertake foreign business directly are known as ___________ foreign exchange. Ans- Authorized dealers 3. Insurance cover for bank deposits in our country is provided by ____________. Ans- DICGC 4. Loans of very small amounts given to low income groups is called ____________. Ans- Microcredit 5. Which of the following cannot be called an organized sector in India? Ans- Chits and Money Lenders 6. In India which one among the following formulates the fiscal policy? Ans- Ministry of Finance 7. What is the full form of the term IRAC? (as used in financial sector) Ans- Income Recognition and Asset Classification 8. Cosumers loans are repaid by borrowers out of: Ans- Income generated by the financed goods 9. Which of the following is not classified as a commercial bank? Ans- Urban Co-operative Bank 10. Who among the following cannot issue Commercial Paper? Ans- Banks 11. If a farmer avails a loan against pledge of gold ornaments for his agricultural needs, the loan in this case would be which of the following? Ans- Classified as gold loan 12. What is the full form of BIFR? Ans- Board for Industrial and Financial Reconstruction 13. Which are the two critical variables that generally go into monetary planning by RBI? Ans- Growth and Inflation 14. What does BPLR stands for? Ans- Benchmark Prime Lending Rate 15. What is the full form of the abbreviation ASEAN? Ans- Association of South East Asian Nations 16. The Basel Committee on Banking Supervision is normally known as by which name? Ans- Banking Regulation Committee 17. Regional Rural Banks have been set up with the basic objectives of: Ans- Providing credit, deposit and other banking facilities to people in rural areas. 18. Global Market means market of: Ans- All major countries and their alliances 19. Which of the following is not an imperfect note? Ans- Mutilated note 20. Bad debts mean: Ans- Amounts owed to a company that are not going to be paid
Posted on: Fri, 17 Oct 2014 04:26:01 +0000
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