Friday, 28 July 2017

Quant Quiz


Quant Quiz

Directions (1-5): Study the following arrangement carefully and answer the questions given below.

In an exhibition of watches there were three companies HMT, ROMAX and TITAN who introduced their models in the exhibition -
and it is found at the last of the exhibition that total 300 customers have visited exhibition. 
50% customers purchased HMT; 55% customers purchased TITAN; 45% customers purchased ROMAX. 
20% of customers who purchased HMT also purchased other two brands. Customers who purchased any of two brands are 95.
 Customers of only HMT are 20 more than that of only ROMAX. Customers who purchased only HMT and ROMAX are 40.


1. How many of them did not purchase any of the three watches?

(a) 15
(b) 20
(c) 05
(d) 10
(5) None of these

2. How many of them purchased only one brand of watches?
(a) 175
(b) 160
(c) 165
(d) 170
(5) None of these

3. How many of them purchased at least two brands of watches?
(a) 125
(b) 105
(c) 95
(d) 130
(5) None of these

4. How many of them didn’t purchase only one ROMAX watch?
(a) 160
(b) 105
(c) 260
(d) 265
(5) None of these

5. What is the total number of watches which have been sold?
(a) 450
(b) 445
(c) 455
(d) 305
(5) None of these

Directions (6-10): Study the following information carefully and answer the given questions.

Total 225 people are asked about what type of movies they like. 30 people said they liked only Action movies, 
50 said they liked only Fictions and 1/3rd of total number of people liked only Horror movies.
 People who like Fiction and Horror movies but not Action movies are 1/3rd the number of people who like only Horror. 
People who like Action and Fiction movies but not Horror movies are 1/4th of the sum of people -
who like only Action movies and people who like only Fiction movies. 
Number of people who like Action and Horror movies but not like Fiction moviesare 1/15th of total number of people.
 Every person like at least one type of movie.

6. How many people like Action movies?
(a) 30
(b) 75
(c) 65
(d) 40
(5) None of these

7. What is the ratio between number of people who like Horror movies and total number of people surveyed?
(a) 5 : 9
(b) 1 : 3
(c) 4 : 9
(d) 2 : 9
(5) None of these

8. What is the difference between number of people who like Fiction movies and number of people like only Fiction movies?
(a) 0
(b) 45
(c) 55
(d) 5
(5) None of these

9. What is the number of people who like all three type of movies?
(a) 70
(b) 25
(c) 15
(d) 20
(5) None of these

10. What is the number of people who like exactly two types of movies?
(a) 60
(b) 70
(c) 155
(d) 75
(5) None of these

Answers:

1. 3
2. 4
3. 1
4. 4
5. 1

Solutions (6-10)
Information given in the question we assume people like all 3 types movies is x.
30 + 20 + 50 + 15 + x + 25 + 75 = 225
x + 215 = 225
x = 10















6. 2
7. 1;
Ratio = 125/225 = 5 : 9
8. 3
9. 5; answer-10

10. 1

Banking Awareness


Q1. Where is headquarter of Federal Bank? 
(a) Kochi
(b) Mumbai 
(c) New Delhi 
(d) Bengaluru 
(e) None of the given options is true

Q2. Which private sector bank was earlier known as UTI Bank? 
(a) Axis Bank
(b) ICICI Bank 
(c) HDFC Bank 
(d) Yes Bank 
(e) None of the given options is true

Q3. The rural co-operatives are further divided into short-term and long-term structures. The short-term cooperative banks are tiered operating in different states. These are........? 
(a) State Co-operative Banks 
(b) District Central Co-operative Banks 
(c) Primary Agricultural Credit Societies
(d) All of the above
(e) None of the given options is true

Q4. Co-operative banks are registered with...? 
(a) Reserve Bank of India (RBI)
(b) Union Government 
(c) Registrar of Cooperative Societies (RCS) 
(d) Securities and Exchange Board of India (SEBI)
(e) None of the given options is true

Q5. Apna Sahakari Bank Ltd is located in- 
(a) Bhopal, Madhya Pradesh 
(b) Kolkata, West Bengal 
(c) Lucknow, Uttar Pradesh 
(d) Mumbai, Maharashtra 
(e) None of the given options is true

Q6. As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw upto Rs.1,000 using their debit cards from notified shoes/stores all over the country. All such shops/stores will have ‘POS’ terminals for the same. What is full form of the ‘POS’?
(a) Payment on Sale 
(b) Power of Sale 
(c) Point of Sale
(d) Payment Order Service
(e) None of the given options is true

Q7. Which of the following is considered as the financial capital of India?
(a) New Delhi
(b) Kolkata 
(c) Ahmedabad 
(d) Mumbai
(e) None of the given options is true

Q8. One of the major emphasis of Basel II is that banks should have?
(a) Adequate Capital Adequacy Ratio
(b) Only few braches in urban centers
(c) More and more branches in rural areas 
(d) Core banking mode of operation
(e) None of the given options is true

Q9. MUDRA Bank as a wholly owned subsidiary of which institutions? 
(a) Non-Banking Financial Companies (NBFCs) 
(b) Commercial Banks 
(c) Micro Finance Institutions (MFIs) 
(d) Small Industries Development Bank of India (SIDBI)
(e) None of the given options is true

Q10. What amount of corpus is allocated to set up MUDRA Bank? 
(a) Rs. 20,000 crore
(b) Rs. 25,000 crore
(c) Rs. 3,000 crore
(d) Rs. 3,500 crore
(e) None of the given options is true

Q11. ‘Closed Economy’ is that economy in which............?
(a) Neither export nor import takes place
(b) Deficit financing takes place 
(c) Only export takes place 
(d) All of the above
(e) None of the given options is true

Q12. The SDR was created by the IMF in ____________ as a supplementary international reserve asset, in the context of the Bretton Woods fixed exchange rate system.
(a) 1945
(b) 1969
(c) 1980
(d) 1991
(e) None of the given options is true

Q13. The headquarters of SIDBI is in-
(a) Lucknow
(b) New Delhi
(c) Mumbai 
(d) Kolkata
(e) None of the given options is true

Q14. LIC of India was established in-
(a) 1897
(b) 1956
(c) 1970
(d) 1965
(e) 1949

Q15. What is ‘Hawala market’?
(a) Illegal market for exchanging rupees and foreign currencies
(b) Full details of a subject 
(c) Illegal trading of shares 
(d) Tax evasion 
(e) None of the given options is true

Solutions

S1. Ans.(a)
S2. Ans.(a)
S3. Ans.(d)
S4. Ans.(a)
S5. Ans.(d)
S6. Ans.(c)
S7. Ans.(d)
S8. Ans.(a)
S9. Ans.(d)
S10. Ans.(a)
S11. Ans.(a)
S12. Ans.(b)
S13. Ans.(a)
S14. Ans.(b)
S15. Ans.(a)

Banking Awareness


Q1. Who is the first Governor of RBI? 
(a) C.D.Deshmukh
(b) James Braid Taylor 
(c) Osborne Smith
(d) Raghuram Rajan
(e) None of the given options is true

Q2. Scheduled Banks of India are those banks, which are? 
(a) Included in First Schedule of RBI Act, 1934 
(b) Not included in First Schedule of RBI Act, 1934 
(c) Included in Second Schedule of RBI Act, 1934
(d) Not included in Second Schedule of RBI Act, 1934 
(e) None of the given options is true

Q3. Which is not an Associate Bank of SBI? 
(a) State Bank of Bikaner & Jaipur 
(b) State Bank of Travancore 
(c) State Bank of Mysore 
(d) State Bank of Rajasthan
(e) None of the given options is true

Q4. Which of the following bank is not a private sector bank in India? 
(a) Federal Bank 
(b) Yes Bank 
(c) IndusInd Bank 
(d) UCO Bank
(e) None of the given options is true

Q5. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)? 
(a) ING Vysya Bank
(b) Karur Vysya Bank 
(c) Lakshmi Vilas Bank 
(d) Jammu and Kashmir Bank
(e) None of the given options is true

Q6. RBI was established (April 1, 1935) under which of the following Acts? 
(a) Reserve Bank of India Act, 1934
(b) Reserve Bank of India Act, 1926 
(c) Banking Regulation Act, 1949 
(d) Negotiable Instrument Act, 1881 
(e) None of the given options is true

Q7. Who was the first Indian governor of RBI? 
(a) Osborne Smith 
(b) C D Desmukh
(c) James Taylor 
(d) Bimal Jalan
(e) None of the given options is true

Q8. In which year RBI was nationalized? 
(a) 1955 
(b) 1949
(c) 1947 
(d) 1980 
(e) None of the given options is true

Q9. Which one of the following rates is not decided by RBI? 
(a) Repo rate 
(b) Base rate
(c) Bank rate 
(d) MSF
(e) None of the given options is true

Q10. Every bank wishing to commence banking business in India is required to obtain a licence from?
(a) Government of India, Ministry of Finance 
(b) Government of India, Company Law Board 
(c) Reserve Bank of India 
(d) Registrar of Companies
(e) None of the given options is true

Q11. Currently, Which of the following combination has female CMDs or heads? 
(a) HDFC, ICICI, Axis Bank 
(b) ICICI, Axis Bank, Kotak Mahindra Bank 
(c) Yes Bank, Kotak Mahindra Bank, SBI 
(d) SBI, ICICI, Axis Bank
(e) None of the given options is true

Q12. Which two private sector banks have got the license from RBI in 2014? 
(a) Bandhan and Yes Bank 
(b) Yes Bank and IDFC 
(c) IDFC Bank and Bandhan Bank
(d) Axis Bank and ICICI 
(e) None of the given options is true

Q13. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group's monthly publication?
(a) Janet Yellen
(b) Raghuram Rajan
(c) Graeme Wheeler 
(d) Mario Draghi
(e) None of the given options is true

Q14. Which bank first introduced Automated Teller Machine (ATM) in India (1987)? 
(a) SBI 
(b) Punjab National Bank 
(c) Federal Bank 
(d) HSBC
(e) None of the given options is true

Q15. Bank of Rajasthan was merged with which private sector bank? 
(a) ICICI Bank
(b) Axis Bank 
(c) HDFC Bank 
(d) Kotak Mahindra Bank
(e) None of the given options is true 

Banking Awareness,


Q1. Which of the following is the Regulator of the credit rating agencies in India?
(a) RBI
(b) SBI
(c) SIDBI
(d) SEBI
(e) None of the given options is true

Q2. The logo of Bank of Baroda is known as?
(a) Sun of Bank of Baroda
(b) Baroda sun
(c) Bank of Baroda’s Rays 
(d) Sunlight of Bank of Baroda 
(e) None of the given options is true

Q3. One of the major challenges banking industries is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general?
(a) Know your customer norms
(b) Banking Regulation Act
(c) Negotiable Instruments Act 
(d) All of the above
(e) None of the given options is true

Q4. Lots of Banks in India these days are offering M-Banking Facility to their customers. What is ‘M’ in ‘M-Banking?
(a) Money 
(b) Marginal 
(c) Message 
(d) Mobile
(e) None of the given options is true

Q5. In India, which of the following agency is responsible for announcing the Foreign Trade Policy?
(a) RBI
(b) EXIM-Bank 
(c) Foreign Ministry 
(d) Ministry of Commerce and Industry
(e) None of the given options is true

Q6. Many a time we read a term MSS in relation to banking transactions. What is the full form of MSS?
(a) Money Stabilization Scheme 
(b) Market Stabilisation Scheme
(c) Maturity and Standardisation Service 
(d) Money Stabilization Service
(e) None of the given options is true 

Q7. RBI’s open market operation transactions are carried out with a view to regulate?
(a) Liquidity in the economy 
(b) Prices of essential commodities 
(c) Inflation 
(d) All of the above
(e) None of the given options is true

Q8. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means?
(a) Sale or purchase of Govt. securities
(b) Issuance of different types of bonds 
(c) Auction of gold 
(d) All of the above
(e) None of the given options is true

Q9. Cheap Money means? 
(a) Low Level of Income
(b) Low Level of Savings 
(c) Excess of Black Money 
(d) Low Rate of Interest
(e) None of the given options is true

Q10. The process of the total valuation of the financial capital assets of a country is technically known as?
(a) Market Capitalization
(b) Gross Domestic Product 
(c) Net wealth of the country 
(d) Gross Domestic Resources 
(e) None of the given options is true

Q11. The Reserve Bank of India (RBI) keeps on modifying various rates/ratios to keep the flow of liquidity in the market in balanced situation. Which of the following rates/ratios/indexes is NOT directly controlled by the RBI?
(a) Cash Reserve Ratio (CRR)
(b) Repo Rate (RR)
(c) Reserve Repo Rate (RRR)
(d) Wholesale Price Index (WPI)
(e) None of the given options is true

Q12. An agreement between two nations or a group of nations which establishes unimpeded exchange and flow of goods and services between/among trade partners regardless of national boundaries is called?
(a) Import Free Agreement 
(b) Free Trade Agreement
(c) Export Free Agreement 
(d) All of the above
(e) None of the given options is true

Q13. In the capital market, the term arbitrage is used with reference to?
(a) Purchase of securities to cover the sale 
(b) Sale of securities to reduce the loss on purchase 
(c) Simultaneous purchase and sale of securities to make profits from price
(d) All of the above 
(e) None of the given options is true

Q14. The stance of RBI monetary policy is?
(a) Inflation control with adequate liquidity for growth 
(b) Improving credit quality of the Banks 
(c) Strengthening credit delivery mechanism 
(d) All of the above 
(e) None of the given options is true

Q15. Currency Swap is an instrument to manage?
(a) Currency risk 
(b) Interest rate risk 
(c) Currency and interest rate risk 
(d) Cash flows in different currency
(e) None of the given options is true

Banking Awareness


Q1. Which of the following organisation release World Economic Outlook report?
(a) World Bank 
(b) IMF
(c) UNDP
(d) WTO
(e) None of the given options is true

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 given options is true

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 given options is true

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 given options is true

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 given options is true 

Q6. The RBI has given permission for cash withdrawal at “POS terminals”. What is the full form of “POS”?
(a) Permitted on Sale
(b) Potential of Service 
(c) Point of Sale
(d) Permission of Sale 
(e) None of the given options is true

Q7. “Doing Business Report” is prepared by which of the following organisations every year?
(a) Asian Development Bank (ADB)
(b) World Bank 
(c) International Monetary Fund (IMF)
(d) World Trade Organisation (WTO)
(e) None of the given options is true

Q8. “Yen” is the currency of?
(a) China
(b) South Korea 
(c) North Korea 
(d) Japan
(e) None of the given options is true

Q9. Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIPs). SIPs are an investment option also operated in the mode of?
(a) Mutual Funds 
(b) Small Savings Schemes in Post Offices 
(c) National Pension Fund 
(d) National Saving Certificates 
(e) None of the given options is true

Q10. Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future?
(a) Bombay Stock Exchange (BSE)
(b) Indian Bank’s Association (IBA)
(c) Securities & Exchange Board of India (SEBI)
(d) Reserve Bank of India (RBI)
(e) None of the given options is true

Q11. As we know the RBI is the apex Bank of India, similarly, the apex Bank of USA is called?
(a) Federal Reserve 
(b) The Central bank of USA
(c) Bank of America 
(d) People's Bank of USA
(e) None of the given options is true

Q12. Which of the following rates decided by the RBI is called “Policy Rate”?
(a) Lending Rate 
(b) Cash Reserve Ratio
(c) Deposit Rate 
(d) All of the above
(e) None of the given options is true

Q13. Loan given by the banks to farmers/Agriculture owners etc is known as........?
(a) Corporate loan 
(b) Business loan 
(c) Priority sector loan
(d) Commercial loan 
(e) None of the given options is true

Q14. The Head Office of which of the following banks is in Mumbai?
(a) Punjab National Bank
(b) Bank of Maharashtra 
(c) UCO Bank 
(d) Union Bank of India
(e) None of the given options is true

Q15. Which organisation is an umbrella organisation for all retail payments system in India?  
(a) NPCI
(b) SEBI
(c) RBI
(d) NABARD
(e) IRDAI