Saturday, 23 July 2016

Banking and Financial Awareness for SBI / IBPS Exams

Q1. On a cheque issued by a customer, the words bearer or order are not written. This cheque will be treated as? 
(a) A bearer cheque
(b) An order cheque
(c) This not a valid cheque
(d) This is not a negotiable instrument now 

Q2. 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) None of the above

Q3. On a cheque issued by a customer, the words bearer or order are written. This cheque will be treated as? 
(a) A bearer cheque
(b) An order cheque
(c) This not a valid cheque
(d) This is not a negotiable instrument now

Q4. The Food and Agriculture Organisation (FAO) is a wing/agency of the?
(a) World Bank 
(b) United Nations Organisation
(c) Asian Development Bank 
(d) Ministry of Agriculture Govt. of India 

Q5. On which of the following types of cheques alterations are not allowed by RBI? 
(a) Paper cheque
(b) CTS cheque
(c) Electronic cheque
(d) Cheque with account payee crossing

Q6. The term “capitalisation of reserves” is used to denote?
(a) the use of reserves for the acquisition of additional capital  
(b) the use of reserves for paying-off loans raised for building up fixed assets 
(c) the use of reserves for issuing bonus shares to the existing shareholders 
(d) the use of reserves for the replacement of depreciated assets 

Q7. “Multi-currency basket” means?
(a) a number of international currencies to which the value of SDRs is linked  
(b) selected international currencies to which the value of Asian Monetary Unit is linked 
(c) number of major international currencies to which the external value of the Indian rupee is linked 
(d) the name given to a group of West European currencies.

Q8. The term “hyper-inflation” is used to denote?
(a) a situation with moderate rise in price level  
(b) an inflationary situation where the external forces are the primary contributing factors 
(c) a “runway” or “galloping” inflationary situation where the monetary unit becomes almost worthless
(d) a situation where the cost of living index is rising alarmingly 

Q9. The term “hyper-employment” means?
(a) a situation where machines are used to intensify utilisation of labour 
(b) a situation where plant is used without any rest
(c) a situation where the demand for labour far exceeds its supply
(d) a situation where machines are substituted for labour 

Q10. “Hot money” means?
(a) money earned through illegal transactions  
(b) money earned through speculative transactions 
(c) money used to hoard scarce commodities
(d) capital which is frequently transferred between financial institutions in an attempt to maximize interest or capital gain.








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