Sunday, 27 July 2014

General Awareness Questions for Bank Exams - 3

GENERAL AWARENESS QUESTIONS - 3

1. As we all know rise of the 'BRICS' has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of ‘Rise of the BRICS’ on global/other powerful economy/economies?
(A) Countries like China wish to learn more about outsourcing from India.
(B) It has made countries to suffer from Sub-prime Crisis.
(C) EURO has become a powerful currency and many non- Euro countries are in 'Swap Agreement' with various nations.
(a) Only A            (b) Only B            (c) Only C             (d) All A, B & C                   (e) None of these
Ans: (d)

2. The Government of India has launched a new scheme for the 'Girl Child'. What is the name of the scheme?
(a) Raj Lakshmi                  (b) Rani Bitia       (c) Dhanlaxmi    (d) Aanandita    (e) None of these
Ans: (c)

3. As per the new policy the number of Judges in the Supreme Court would now be:
(a) 21                     (b) 25                    (c) 26                     (d) 30                    (e) 31
Ans: (e)

4. As, per the reports published in - the newspapers the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/are such credit rating agencies in India?
(A) CARE              (B) CRISIL             (C) ULIP
(a) Only A            (b) Only B            (c) A & B only     (d) Only C            (5) All A, B & C
Ans: (c)

5. As per the newspaper reports the RBI is planning to introduce "Plastic Currency Notes". What is/are the benefits of "Plastic Notes"?
(A) Their Shelf life will be longer.              (B) It will replace plastic money or Credit, debit cards which are giving birth to many fraudulent practices.      (C) Printing will be cheaper.
(a) Only C            (b) Only B            (c) Only A            (d) All A, B & C   (e) None of these
Ans: (c)

6. 'Sub Prime Lending' is a term applied to the loans made to
(a) those borrowers who do not have a good credit history.
(b) those who wish to take loan against the mortgage of tangible assets.
(c) those who have a good credit history and are known to bank since 10'years.
(d) those borrowers who are most preferred customers of the Bank.
(e) None of these
Ans: (d)

7. As per the reports published in various journals and newspapers the "small borrowers" in rural areas still prefer to take informal route for their credit needs. Which of the following is the "informal route" of credit in financial sector?
(a) Credit cards                                 (b) Loan against gold from financial institutions (c) Debit cards
(d) Moneylender             (e) None of these
Ans: (d)

8. Basel-II norms are associated with which of the following aspects of the banking industry?
(a) Risk management     (b) Manpower planning                                (c) Retirement benefits for the employees (d) Corporate Governance       (e) None of these
Ans: (a)

9. What is meant by "Underwriting" the term frequently used in financial sector?
(a) Undervaluation 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 these
Ans: (c)

10. Indra K. Nooyi who was elected as the Chairperson of the US-India Business Council is the CEO of which of the following Companies?
(a) Pepsi Co.       (b) Infosys          (c) Tata Consultancy Services      (d) NUT                (e) None of these
Ans: (a)

11. As per the news published in some newspapers magazines two PSUs National Thermal Power Corporation and Coal India Ltd. are going to float a joint venture 'SPV. What is the full form of "SPV" ?
(a) Small Power Venture
(b) Special Purpose Vehicle
(c) Special Power Venture
(d) Small Purpose Vehicle
(e) None of these
Ans: (b)

12. Which of the following is the name of very violent and serious types of winds which bring lot of disaster?
(a) Trade winds                                 (b) Hurricane     (c) Cirrus              (d) Stratus           (e) None of these
Ans: (b)

13. As we have noticed many banks of Indian origin are opening offices/branches in foreign countries. Why is this trend emerging at a very fast pace?
(A) These Banks wish to provide banking facilities to foreigners as banking facilities are not plenty in many foreign countries. India wants to take an advantage of the situation.
(B) These banks wish to help Indian firms, to acquire funds at internationally competitive rates.
(C) These banks wish to promote trade and investment between India and other countries.
(a) Only A            (b) Only B            (c) Only C             (d) All A, B & C   (e) Only B & C
Ans: (e)

14. Which of the following is NOT a banking/finance related term?
(a) Credit wrap    (b) EMI              (c) Held to Maturity        (d) Exposure limit     (e) Diffusion
Ans: (e)

15. Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions?
(A) Providing Subsidy to agriculture.
(B) Export of patented drugs/ medicines by developed nations.
(C) Restriction on natural movement of people from one nation to other.
(a) Only A            (b) Only B            (c) Only C             (d) Both A & C   (e) None of these
Ans: (a)



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