Banking Awareness

Q1. Refinance facility is provided by NABARD. Which institutions can avail this facility?

(a) State cooperative banks

(b) Regional rural banks

(c) Commercial bank

(d) All of the above

(e) None of the above

Q2. Kisan Credit Cards are an effective way of reaching out to the farmers by the banks. What assistance does the farmer receive in this way?

(a) Credit facility for crops etc against an approved limit

(b) Short-term credit facility against value of his crops

(c) Long-term credit is provided against his land holdings

(d) Loan is permissible against crops sold, but payment yet to be received by the farmer

(e) None of the above

Q3. Which of the following is true?

(a) NBFCs can accept deposits from the public

(b) NBFCs cannot offer deposit schemes to the public

(c) Deposits of NBFCs are insured with DICGC

(d) NBFCs can accept deposits from public if they are registered and permitted by RBI

(e) None of the above

Q4. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this ‘Base rate’ for banks?

(a) Individual Banks’ Board

(b) Ministry of Commerce

(c) Ministry of Finance

(d) RBI

(e) Interest Rate Commission of India

Q5. The financial assistance of loans of Rs.10000 by bank to a small borrower will be called..........?

(a) business finance

(b) government finance

(c) micro finance

(d) small finance

(e) KYC finance

Q6. The Aadhar-Enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar-enabled basic types of banking transactions do ‘not’ include?

(a) Aadhaar to Aadhaar funds transfer

(b) small overdraft facility

(c) cash withdrawal

(d) balance enquiry

(e) cash deposit

Q7. A type of fraud where in criminals use an innocent person’s details to open or use an account to carry out financial transactions, is known as?

(a) identity theft

(b) hacking

(c) money laundering

(d) espionage

(e) phishing

Q8. The part of a company’s earnings or profits which are paid out to shareholders, is known as- 

(a) capital gains

(b) taxes

(c) interest on borrowings

(d) dividends

(e) penal interest

Q9. NABARD is responsible for regulating and supervising the functions of 

(a) Investment and Industrial Finance Banks

(b) Cooperative Banks and Regional Rural Banks

(c) Corporate Finance and Overseas Banking Units

(d) Private Sector and Multinational Banks

(e) Reserve Bank of India

Q10. The government of India has announced a ‘Funding for Lending’ scheme. Who are the beneficiaries for this scheme?

(a) Commercial Banks

(b) Regional Rural Banks

(c) Micro-finance Institutions

(d) Finance Departments of the State Governments

(e) None of the above

Q11. As per the reports, the collection of direct taxes has gone up by about 19% in last few months. Which of the following agencies releases the figures about tax collection?

(a) Central Statistical organisation

(b) Reserve Bank of India

(c) Department of Income Tax

(d) Central Board of Direct Taxes

(e) None of the above

Q12. As we know commercial banks accept deposits from the public. What do banks do with this money?

(a) This is a type of credit creation. Bank gives this on loan

(b) This is an income for the bank

(c) Banks give this money directly to the govt for developmental projects

(d) This money is deposited with the RBI who in turn gives some interest on it banks

(e) None of the above

Q13. Which of the following in NOT a type of cheque issued by an individual?

(a) Bearer cheque

(b) Order cheque

(c) Crossed cheque

(d) Savings cheque

(e) None of the above

Q14. Which of the following terms is used in banking?

(a) Vacuum

(b) Power

(c) Density

(d) Credit Card

(e) None of the above

Q15. “Sensitive Index” of Bombay Stock Exchange is called ……………?

(a) Forex

(b) MAX

(c) LIBOR

(d) Sensex

(e) None of the above

Solutions

S1. Ans.(d)
Sol. 

S2. Ans.(a)
Sol. 

S3. Ans.(d)
Sol. 

S4. Ans.(a)
Sol. 

S5. Ans.(c)
Sol. 

S6. Ans.(b)
Sol. 

S7. Ans.(e)
Sol. 

S8. Ans.(d)
Sol. 

S9. Ans.(b)
Sol. 

S10. Ans.(a)
Sol. 

S11. Ans.(d)
Sol. 

S12. Ans.(a)
Sol. 

S13. Ans.(d)
Sol. 

S14. Ans.(d)
Sol. 

S15. Ans.(d)
Sol.

Current Affairs

Q1. What is the ranking of India on the recently released World Economic Forum's Global Human Capital Index?
(a) 110
(b) 103
(c) 95
(d) 126
(e) 80

S1. Ans.(b)
Sol. India has been placed at a low 103 rank, the lowest among BRICS economies, on the World Economic Forum's Global Human Capital Index. The list has been topped by Norway. India is ranked lower than its BRICS peers, with Russian Federation placed as high as 16th place, followed by China at 34th, Brazil at 77th and South Africa at 87th place. The report measures total 130 countries.

Q2. Name the first state that has recently rolled out an Electric Vehicle and Energy Storage Policy.
(a) Maharashtra
(b) Tamil Nadu
(c) Jharkhand
(d) Karnataka
(e) Punjab

S2. Ans.(d)
Sol. Karnataka is the first state to roll out an Electric Vehicle and Energy Storage Policy that looks not only at boosting sales of Electrical Vehicles, but also setting up charging infrastructure and special manufacturing zones.

Q3. Name the Operation that India has recently started to provided assistance to Bangladesh in response to the humanitarian crisis being faced on account of the large influx of Rohingya refugees.
(a) Operation Insaniyat
(b) Operation Sahayta
(c) Operation Madad
(d) Operation Prathama
(e) Operation Refugee Relief

S3. Ans.(a)
Sol. India has started 'Operation Insaniyat' to provided assistance to Bangladesh in response to the humanitarian crisis being faced on account of the large influx of Rohingya refugees into that country from Myanmar.

Q4. Corporate Affairs Ministry and CBDT has signed an MoU for automatic and regular exchange of information to curb black money in the country. What does 'DT' stands for in CBDT?
(a) Domestic Taxes
(b) Development Taxes
(c) Direct Taxes
(d) Delayed Taxes
(e) Domestic Treaty

S4. Ans.(c)
Sol. Corporate Affairs Ministry and Central Board of Direct Taxes (CBDT) has signed an MoU for automatic and regular exchange of information to curb the menace of shell companies, money laundering and black money in the country.

Q5. Frank Vincent passed away recently at age 80. He was famous _________.
(a) Actor
(b) Politician
(c) Sand Artist
(d) Violin Player
(e) Classical Dancer

S5. Ans.(a)
Sol. Frank Vincent, a famous actor who played tough guys and mobsters in "The Sopranos" and a number of director Martin Scorsese movies, died at age 80.

Q6. Hongkong and Shanghai Banking Corporation (HSBC) has entered into an agreement with microfinance industry association ____________ to develop digital ecosystem for India's unbanked segment.
(a) Bankable U
(b) Swandes
(c) Micro-Fin
(d) Sa-Dhan
(e) Self-Fin

S6. Ans.(d)
Sol. Hongkong and Shanghai Banking Corporation (HSBC) has entered into an agreement with microfinance industry association Sa-Dhan to develop digital ecosystem for India's unbanked segment.

Q7. Name the Indian women's boxing's first foreign coach who has resigned after just one month of appointment.
(a) O. Oliveira
(b) Ann Wolfe
(c) Stephane Cottalorda
(d) Michael Phillip
(e) Antonio Debrus

S7. Ans.(c)
Sol. Indian women's boxing's first foreign coach, Stephane Cottalorda, has resigned after just one month of appointment, alleging delay in salary and other payments.

Q8. Tech giant Google has recently announced to unveil a digital payment service named ___________ in India that has been developed for the local market.
(a) Google Pay
(b) Google Tez
(c) Google Track
(d) Google Fast
(e) Google Plan

S8. Ans.(b)
Sol. Tech giant Google is announced to unveil a digital payment service named 'Google Tez' in India that has been developed for the local market. In July, National Payments Corporation of India (NPCI) had stated that Google had completed the testing of its UPI payment service and was awaiting Reserve Bank of India’s approval to launch its service in the country. Google is looking at launching a payment service ‘Google Tez’, which will include support for Unified Payments Interface (UPI) as well as mobile wallets like Paytm and MobiKwik.

Q9. Hongkong and Shanghai Banking Corporation (HSBC) headquarters in _____________.
(a) Geneva
(b) Hongkong
(c) New York
(d) London
(e) Shanghai

S9. Ans.(d)
Sol. Hongkong and Shanghai Banking Corporation (HSBC) headquarters in London, United Kingdom. HSBC was established in 1865 to finance trade between Europe and Asia.

Q10. In the World Economic Forum's Global Human Capital Index, the list has been topped by _______________.
(a) Sweden
(b) Russia
(c) Norway
(d) Switzerland
(e) Netherlands

S10. Ans.(c)
Sol. India has been placed at a low 103 rank, the lowest among BRICS economies, on the World Economic Forum's Global Human Capital Index. The list has been topped by Norway. India is ranked lower than its BRICS peers, with Russian Federation placed as high as 16th place, followed by China at 34th, Brazil at 77th and South Africa at 87th place. The report measures total 130 countries.

Current Affairs

Q1. Which of the following movie was recently awarded the Golden Lion at the 74th Venice Film Festival?
(a) La La Land
(b) The Revenant
(c) Moonlight
(d) The Shape of Water
(e) The Ultimate Journey

S1. Ans.(d)
Sol. Guillermo del Toro’s 'The Shape of Water' was awarded the Golden Lion at the 74th Venice Film Festival. The film, a romantic monster movie starring Sally Hawkins and Michael Shannon, declared as the best movie.

Q2. Environmental Ministry has recently inaugurated a two-day conference on “Sustainable landscapes and forest ecosystems: Theory to Practice”. It had launched the campaign named ____________ on the occasion. 
(a) Nature with Us
(b) Forests- Our Saviour
(c) Wood is Good
(d) Together with Nature
(e) Our World Our Future

S2. Ans.(c)
Sol. Environmental Minister Dr. Harsh Vardhan inaugurated a two-day conference on “Sustainable landscapes and forest ecosystems: Theory to Practice”. Dr. Harsh Vardhan launched the “Wood is Good” campaign on the occasion.

Q3. Name the person that was elected as Chair of Ethics Commission of the International Olympic Committee (IOC) for a four-year term.
(a) Ban Ki-moon
(b) Takehiko Nakao
(c) Thomas Bach
(d) Nathan Colter
(e) Adams Johansson

S3. Ans.(a)
Sol. Former United Nations (UN) Secretary-General Ban Ki-moon was elected as Chair of Ethics Commission of the International Olympic Committee (IOC) for a four-year term. Ban succeeds Youssoupha Ndiaye of Senegal whose term has come to an end.

Q4. In which of the following state, Suzuki Motor has decided to invest more than Rs 1,150 crore along with Japanese partners Toshiba and Denso to set up India's first lithium-ion battery facility?
(a) Madhya Pradesh
(b) Gujarat
(c) Karnataka
(d) Tamil Nadu
(e) Odisha

S4. Ans.(b)
Sol. Suzuki Motor will invest more than Rs 1,150 crore along with Japanese partners Toshiba and Denso to set up India's first lithium-ion battery facility in Gujarat.

Q5. Name the lender that has topped the list of the country’s top 50 brands according to a report released by marketing and advertising conglomerate WPP Plc and Kantar Millward Brown.
(a) Staten Bank of India
(b) ICICI Bank
(c) Axis Bank
(d) HDFC Bank
(e) Allahabad Bank

S5. Ans.(d)
Sol. India’s second largest private sector bank HDFC Bank topped the list of the country’s top 50 brands according to a report released by marketing and advertising conglomerate WPP Plc and Kantar Millward Brown. The bank has retained the top slot for the fourth year in a row. Banks and telcos dominate the listing, WPP’s BrandZ Top 50.

Q6. MPEDA has recently received the Rajbhasha Keerti Award at National level from President Ram Nath Kovind. What does 'D' stands for in MPEDA?
(a) Deployment
(b) Domestic
(c) Documentry
(d) Delayed
(e) Development

S6. Ans.(e)
Sol. The Marine Products Export Development Authority (MPEDA) has been awarded National level Rajbhasha Keerti Award for the third consecutive year. MPEDA Chairman A Jayathilak received the award from President Ram Nath Kovind.

Q7. India's first Centre for Animal Law has been recently established at the city-based NALSAR University of Law. This University is situated in ______________.
(a) Andhra Pradesh
(b) Telangana
(c) Karnataka
(d) Haryana
(e) Maharashtra

S7. Ans.(b)
Sol. India's first Centre for Animal Law has been established at the city-based NALSAR University of Law in Hyderabad, Telangana. Union Minister for Women and Child Development Maneka Gandhi inaugurated the centre.

Q8. The Government of India has signed a loan deal worth $76 million with JICA for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. What does 'C' stands for in JICA?
(a) Climate
(b) Circular
(c) Coverage
(d) Cooperation
(e) Collaboration

S8. Ans.(d)
Sol. The Government of India signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA) for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards.

Q9. Name the nation-wide campaign that was launched recently by President Ram Nath Kovind ______________ from Uttar Pradesh.
(a) Swachhata Hi Sewa
(b) Safai Hi Sadhana
(c) Swachhata Se Siddhi
(d) Swachhata Se Shreshthata
(e) Swachhata Hi Manokamna

S9. Ans.(a)
Sol. President Ram Nath Kovind launched a nation-wide campaign Swachhata Hi Sewa from Kanpur, Uttar Pradesh. He will administer nation-wide Swachhta Hi Seva pledge initiating parallel action in all the two lakh 50 thousand plus Gram Panchayats and cities in India.

Q10. The book titled 'Unstoppable: My Life So Far' is authored by ________________.
(a) Serena Williams
(b) MArtina Hingis
(c) Maria Sharapova
(d) Corolina Marine
(e) P V Sindhu

S10. Ans.(c)
Sol. The book titled 'Unstoppable: My Life So Far' authored by tennis star Maria Sharapova was unveiled. The book talks about Sharapova’s rise from nowhere to tennis stardom, and the unending fight to stay on top.

Q11. Which of the following state has been formally awarded the rights to host the 36th National Games?
(a) Maharashtra
(b) Goa
(c) Tamil Nadu
(d) Odisha
(e) Kerala

S11. Ans.(b)
Sol. The Indian Olympic Association (IOA) formally awarded to Goa the rights to host the 36th National Games. The announcement was made by the state sports minister Manohar Ajgaonkar.

Q12. The International Day of Democracy is observed across the world on ____________.
(a) 18 September
(b) 19 September
(c) 12 September
(d) 15 September
(e) 11 September

S12. Ans.(d)
Sol. The International Day of Democracy is observed across the world on 15 September. The theme for the year 2017 is ‘Democracy and Conflict prevention’.

Q13. The world's oldest person Violet Mosse-Brown has died recently at the age of 117. She was from which country?
(a) South Africa
(b) USA
(c) Jamaica
(d) Indonesia
(e) Russia

S13. Ans.(c)
Sol. The world's oldest person Violet Mosse-Brown from Jamaica has died at the age of 117. She was born on March 10, 1900, in Jamaica.

Q14. The International Day for the Preservation of the Ozone Layer is observed globally on 16 September every year. The theme for 2017 is 'Caring for all life under the sun'.
(a) 16 September
(b) 19 September
(c) 12 September
(d) 15 September
(e) 11 September

S14. Ans.(a)
Sol. The International Day for the Preservation of the Ozone Layer is observed globally on 16 September every year. The theme for 2017 is 'Caring for all life under the sun'.

Q15. The theme for International Day of Democracy for year 2017 is ________________.
(a) Democracy: The Power
(b) Democracy and Human Rights Prevention
(c) Democracy and World
(d) Democracy and Right Protection
(e) Democracy and Conflict Prevention

S15. Ans.(e)
Sol. The International Day of Democracy is observed across the world on 15 September. The theme for the year 2017 is ‘Democracy and Conflict prevention’.                                                      

Test of the Day

Q1. _________ account is opened by the investor while registering with an investment broker.

 Fixed Deposit Account

 Savings Bank Account

 Recurring Account

 Demat Account

 None of the given options is true

Solution:

DEMAT or De-materialized Account refers to a deposit made at an Indian financial institution that can be used for investing in shares of stocks and other financial assets.Securities are held electronically in a DEMAT Account, thereby eliminating the need for physical paper certificates.

Q2. Which of the following bank launches India’s first Mobile ATM?

 HDFC Bank

 Axis Bank

 ICICI Bank

 SBI

 Bank of Baroda

Solution:

India’s largest private sector bank, ICICI launched the “ATM on Wheels” country first Mobile ATM, in Mumbai. It was connected to the bank through the GPRS technology.

Q3. World’s first Bitcoin ATM located in-

 US

 Brazil

 Canada

 UK

 Japan

Solution:

The world’s first-ever Bitcoin ATM opened in Vancouver, Canada. It enables Bitcoin owners to exchange the digital currency for cash, and vice versa. Bitcoin is a digital currency also called crypto-currency that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

Q4. _______ is a financial market in which share prices are rising or expected to rise.

 Bear Market

 Bull Market

 Pig Market

 High Market

 None of the given options is true

Solution:

A bull market is a financial market of a group of securities in which prices are rising or are expected to rise. It means the economy is growing. The term “bull market” is most often used to refer to the stock market, but can be applied to anything that is traded, such as bonds, currencies and commodities.

Q5. Who was known as the “Father of Modern Economics”?

 Amartya Sen

 Karl Marx

 Adam Smith

 George Loewenstein

 None of the given options is true

Solution:

Adam Smith was an 18th-century philosopher renowned as the father of modern economics, and a major proponent of laissez-faire economic policies.

Directions (6-10): Read the following information carefully and answer the questions that follow. 
Ten persons are sitting in two parallel rows containing five persons in each. In row 1, A, B, C, D and E are sitting and all of them are facing north. In row 2, P, Q R, S and T are sitting and all of them are facing south. In the given seating arrangement, each member seated in a row faces another member of the other row but not necessarily in the same order. Each of them belong to different state viz. Rajasthan, Manipur, Bihar, Delhi, Punjab, Goa, Nagaland, Kerela, Telengana and Assam but not necessarily in the same order.
 T belongs to Bihar and sits second to right of P. T does not sit extreme end of the row. Immediate neighbor of T faces the A who belongs to Telengana. There are two persons sit between the A and the one who belongs to Goa. R sits second to left of one who belongs to Manipur. Q belongs to Manipur and he does not sit extreme end of the row. Immediate neighbor of one who belongs to Goa faces the person who belongs to Manipur. E sits second to right of one who belongs to Kerela. The immediate neighbor of one who belongs to Rajasthan faces the S. The one who belongs to Punjab sits third to right of one who belongs to Rajasthan. The immediate neighbor of one who belongs to Rajasthan faces the person who belongs to Nagaland. P does not belong to Assam. Immediate neighbor of C faces the person who belongs to Bihar. B faces the person who belongs to Nagaland. E does not belong to Goa.

 Q6. Who among following sit at the extreme end of the line? 

 S,A

 P,D

 P,A

 E,T

 E,S

Solution:
(6-10)

Q7. The immediate neighbor of A faces whom among the following?

 P

 R

 Q

 S

 None of these

Q8.Who among the following sits diagonally opposite to B? 

 S

 T

 Q

 R

 P

Q9. Four of the following five are alike in a certain way based on their seating positions and so form a group. Which of the following is different from the group? 

 T

 Q

 R

 C

 D

Q10. Who among following belongs to Punjab? 

 B

 C

 E

 A

 D

Q11. 

 if x < y

 if x > y

 if x ≤ y

 if x ≥ y

 if x = y or no relation can be established

Solution:

Q12.  

 if x < y

 if x > y

 if x ≤ y

 if x ≥ y

 if x = y or no relation can be established

Solution:

Q13. 

 if x < y

 if x > y

 if x ≤ y

 if x ≥ y

 if x = y or no relation can be established

Solution:

 

Q14.  

 if x < y

 if x > y

 if x ≤ y

 if x ≥ y

 if x = y or no relation can be established

Solution:

Q15. 

 if x < y

 if x > y

 if x ≤ y

 if x ≥ y

 if x = y or no relation can be established

Solution:

Direction (16-20) Please select the most appropriate option, out of the five options given for each of the following sentences, which, in your view, should be grammatically and structurally correct. Please note that the meaning & context of the sentence must not change. 

Q16.

 Do you have any information bear upon the result?

 Do you have any information bearing on the result?

 Do you have any informations bearing upon the result?

 Do you have some information bearing at the result?

 Do you have any information bearing upon the result?

Solution:

Be relevant to (something)

Q17. 

 She's been trying to keep herself eating too much candy.

 She's been trying to keep herself eating much candy.

 She's trying to keep herselves from eating too much candy.

 She's been trying to keep herself from eating too much candy.

 She's been trying to keep herself away from eating too much candy.

Solution:

keep from (doing something) or keep (someone or something) from (doing something): to not do or experience (something): to prevent or stop (someone or something) from doing or experiencing (something)

Q18.

 The police called their search for the burglar after they found him hiding in a shed.

 The police called in their search for the burglar after they found him hiding in a shed.

 The police called about their search for the burglar after they found him hiding in a shed.

 The police called on their search for the burglar after they found him hiding in a shed.

 The police called off their search for the burglar after found him hiding in a shed.

Solution:

To call off something (or call something off) is to cancel a planned event, or an event that has already started.

Q19.

 I'll meet you in the hotel restaurant in 10 minutes. I'll just check out and put my suitcase in my room.

 I'll meet you in the hotel restaurant in 10 minutes. I'll just check over and put my suitcase in my room.

 I'll meet you in the hotel restaurant in 10 minutes. I'll just check and put my suitcase in my room.

 I'll meet you in the hotel restaurant in 10 minutes. I'll just check in and put my suitcase in my room.

 I'll meet you in the hotel restaurant in 10 minutes. I'll just check around and put my suitcase in my room.

Solution:

To check in (or check into something) is to arrive at a hotel reception desk and tell the hotel staff who you are, and collect your room key.

Q20. 

 My father's hair started to falling out when he was only 30, and now he is completely bald.

 My father's hair started to fall out when he was only 30, and now he is completely bald.

 My father's hair started to fall away when he was only 30, and now he is completely bald.

 My father's hair started to fallen out when he was only 30, and now he is completely bald.

 My father's hair started to fall on when he was only 30, and now he is completely bald.

Solution:

If your hair falls out it becomes loose and unattached.