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Friday, 4 October 2013

GK Quiz on Banking Awareness

1.    Which of the following had appointed the Raghu Ram Rajan committee to recommend steps to modernize the financial sector?
(1) RBI                 
(2) Planning Commission
(3) Ministry of Finance
(4) National Development Council
(5) None of these

2.    In context with the falling rupees, many news paper wrote that” RBI has used up most of the available ammunition to prevent the rupee’s slide in the over the counter market, but without much success”.
Which among the following steps was taken by RBI, that has referred to available ammunition in this statement?
(1) RBI sold foreign currency in market
(2) RBI purchased the foreign currency from the market
(3) RBI purchased the stocks form the various stock exchanges in India
(4) RBI reevaluated the Indian rupee
(5) None of these

3.    The formal or institutional credit delivery system in rural India comprises except which of the following?
(1)  Cooperative Credit Institutions
(2) Commercial Banks
(3) Regional Rural Banks
(4) Self Help Groups
(5) None of these

4.    A customer wishes to purchase some US dollars in India. He/She should go to:
(1) Public Debt Division of the RBI only
(2) American Express Bank Only
(3) RBI or any branch of a bank which is authorized for such business
(4) Ministry of Foreign Affairs
(5) None of these


5.    What is the main objective to launch a medium term note (MTN) ____.
(1) To provide loans
(2) To raise funds
(3) To sell equity
(4) To purchase shares
(5) None of these

6.    Many Times we read in the newspaper that: “There is a lot of dollar demand due to import of oil, gold and defence equipment. The Euro is also volatile due to persisting concern in the Eurozone: Which among the following is the correct conclusion derived from the above information:
(1) These factors will keep the rupee weak against the dollar
(2) These factors will keep the dollar weak against the rupee
(3) These factors will reduce the supply of euro
(4) The RBI would print more money
(5) None of these

7.    From the given options, bring out the one which is not a function/power of Reserve Bank of India?
(1) To assume the responsibility of meeting directly or indirectly all reasonable demands for accommodation
(2) To hold cash reserves of the commercial banks and make available financial accommodation to them
(3) To enjoy monopoly of the note issue
(4) To assume responsibility of all banking operations of the government
(5) To assume the responsibility of statistical analysis of data related to macro economy of India

8.    The best alternative banking service to branch banking to be the part of ‘financial inclusion’?
1) Establishment of small branches
2) Setting up of ATMs
3) Issuing ATM cards
4) Giving credit cards
5) Mobile banking

9.    The Narsimham Committee for financial sector reforms suggested reduction in:
1) SLR and CRR
2) SLR, CRR and Priority Sector Financing
3) SLR and Financing to capital goods sector
4) CRR, Priority Sector Financing and Financing to capital goods sector
5) None of these

10.  Which of the following is not a negotiable instrument?
1) Promissory note
2) Bill of exchange
3) Cheque
4) Bank draft
5) Share certificate



Answers:
1
2
6
1
2
1
7
1
3
4
8
5
4
3
9
2
5
2
10
5


59 comments:

Anonymous said...

answer-10 is wrong............... bank draft is a negotiable instrument...........

veer said...

Statement
all apartments are huts
no hut is a building
all buildings are cottages
conclusins.
1 some cottages being apartments is a possibility
2 no cotttape is hut

Priya said...

None follows...

Anonymous said...

in question ko krney ke liye koi shortcuts tricks ki book hai to bta do yaar pls

Saurabh Kesherwani said...

Both are wrong..
Becse no means all not...

Anonymous said...

last 1 is wrong answer.bank draft is a negotiable instrument.but share certificate is not a negotiable instrument.

Anonymous said...

Statement
all apartments are huts
no hut is a building
all buildings are cottages
conclusins.
1 some cottages being apartments is a possibility
2 no cotttape is hut

answer is 1

Anonymous said...

which one has the highest follower....?

1. bhramaa
2. Vishnu
3. mahesh
4. namo (modi)

Anonymous said...

abe gadhe gopal singh tu padh.......... jake wo sahi bol rha h 10 ka ans 5 h........

Anonymous said...

only 1 follows

Anonymous said...

for these type of questions learn the AEIO method of MK Pandey analytical reasoning book . I

Anonymous said...

Never ask this question in any competitive exam...leave bro...

Saurav kumar said...

Share certificate
Sahi ans h bhai............

Anonymous said...

5.None of These
ans is Justin Bieber

Dhananjay Kushwaha said...

Brother don't mix Politics with God and Studies. Politics is a Bitch thing.

Anonymous said...

modi..... the next god in India...hahaha

Vineet Choudhary said...

1 follows

Anonymous said...

Which is the Toughest BANK Exam in india ?
1.NABARD
2.RRB PO
3.IBPS PO
4.SBI PO
5.RBI GRADE B

Anonymous said...

hello admin,
plz upload gk capsules for the month of september...plz kal kar dijia na...sunday clerk ka papers hai..wch can v helpful so much....

Anonymous said...

Combining the 1st and 2nd we get no apartment is a building . And combining this with the third all building are cottages we get some cottages are not apartments .. It leaves us with some cottages being apartment as a possibility . So you are correct . It's important to align the premises properly .. If we combine 1. All A are B . 2 NO B is C . We get NO A IS C . And this NO A is C can be converted to NO C is A .. However if we combine 1. NO A is B and 2. ALL B are C we get some C are not E . Its very very important to allign the sentences before combining . 1stly the predicate of the 1st and subject of the second must be the same for combining . iF WE USE AEIO method then one should remember combining A +E gives an E type conclusion . On the other hand combining E+A type gives O* type statement . The order in which you are combing the statements and alignment is important . 1 here is the correct answer ..

Anonymous said...

Please provide calculation shortcuts for DI.

Anonymous said...

Sorry for the typo . If we combine 1 . No A is B with 2. ALL B are C we get conclusion Some C are not A ... I wrote E in place of C ..

Anonymous said...

justn bieber haa haa haa haa . Actually I think It's Rihanna haa haa ...

Sarvesh said...

Admin please upload the Bank PO Bankning and current affair capsule. I will be highly thankful to you !!

Anonymous said...

An to lagta he jaise modi hi agla bhagwan he....lol

Mohit said...

General Awareness for IBPS PO

Which is the best magazine for preparation of IBPS PO?
a) BSC Chronicle
b) Master in Current Affairs
c) Banking & You
d) None of the above

Anonymous said...

BOTH FOLLOWS

ASHU said...

only 1 follows bcoz it is given that all buildings are cottages but it may be possible that all huts and apartments may be cottages. therefore , if conclusion says tyhat ' no cottage is hut is a possibility ' - only in this case the second conclusion is true..

Anonymous said...

none

Anonymous said...

post the september monthly capsule..

neha said...

Thanku so much g,bt my sir says no. Circle touch each other so none folw,
is it true?aisa koi logic hai?

neha said...

@ priya,how?

srinu said...

pls post the ibps po3 power capsule

Anonymous said...

Dear admin,Plz suggest that for students whose ibps po3 is in nov they r suppose to read gk upto which month.oct month gk is also useful or not.

Sonu Ally said...

NAMASKAR SIR,


First of all i will giving you thank for these types of questions sent.


after it i requesting you GK CAPSULE Provide in Hindi language also.


thanking

Sushma Juyal said...

both follows

Sushma Juyal said...

for statement conclusion aly apply 100 and 50 formula.its very easy and help full

Anonymous said...

yes you are correct...the correct ans for q10 is bank draft.

Anonymous said...

tum sabhi gadhe...que me poocha hai "which is not...."

Nishtha Singh said...

only one

manoj said...

1 follow

Anonymous said...

only 1 follows

Anonymous said...

none follows

Anonymous said...

sahi ans.5 hoga kyonki 5 answer is odd for all

Anonymous said...

Sunny leone

Er bikky Raj said...

none follow...

sam said...

Only 1

sam said...

Priya is wronge 1 follows

hina verma said...
This comment has been removed by the author.
hina verma said...

two types of alloys possess gold and silver in the ratio off 7:22
and 21:37.
in what ratio shoul these allow be mixed so as ro have a new alloy in which gold and silver exist in the ratio of 25:62.

A13:4
B 8:13
c)13:12
d)6:9

Anonymous said...

listen gopal singhu r never going to qualify even in written coz question poocha ja rha hai k kaun negotiable instrument nhi hai gadhe .. chasma laga liya kr..

Shiv Kr Yadav said...

All detail is useful

Anonymous said...

Bsc cronicle is better bt not sufficient read news paper daily and make urself updated

Anonymous said...

only 1

Anonymous said...

what is 100 and 50 formula?

Anonymous said...

both

Anonymous said...

9th answer is 1....not 2..pls update

Anonymous said...

when rbi released first quarter review of monetary policy?

Anonymous said...

Admin....please update ques with accurate answers....coz we are fully rely on you....:

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