Banking and Financial Awareness for RBI/IBPS Exams

Q1. Which of the following is a type of intangible asset? 
(a) Land
(b) Patents
(c) Copyrights
(d) Both (b) and (c)
(e) None of the above

Q2. ADB is a regional development bank, which facilitates development activities in Asia. Where is the headquarter of ADB? 
(a) Washington DC, USA
(b) New York, USA
(c) Manila, Philippines
(d) London, UK
(e) None of the above

Q3. Which one is the correct combination of president and headquarter of World Bank? 
(a) Takehiko Nakao, Washington DC
(b) Jim Yong Kim, New York
(c) Christine Lagarde, New York
(d) Jim Yong Kim, Washington DC
(e) None of the above

Q4. International Monetary Fund (IMF)'s work area includes - 
(a) promote international monetary cooperation
(b) provides resources to help members in balance of payment (BOP) difficulties
(c) promotes exchange rate stability
(d) All of the above
(e) None of the above

Q5. What 'L' denotes in LAF? 
(a) Liberty
(b) Liquidity
(c) Low
(d) Listed
(e) None of the above

Q6. NEFT settlement is done in - 
(a) hourly batches
(b) real time
(c) daily batches
(d) monthly time
(e) None of the above

Q7. What is the initial authorised capital of New Development Bank (NDB)? 
(a) USD 100 billion
(b) USD 200 billion
(c) USD 50 billion
(d) USD 150 billion
(e) None of the above

Q8. Which of the following is true regarding headquarter and regional center of NDB respectively? 
(a) Johannesburg, Shanghai
(b) Shanghai, Johannesburg
(c) New Delhi, Shanghai
(d) Johannesburg, New Delhi
(e) None of the above

Q9. What is the full form of AIIB? 
(a) Asian Infrastructure Independent Bank
(b) Asian Independent Investment Bank
(c) Asian Investment Infrastructure Bank
(d) Asian Infrastructure Investment Bank
(e) None of the above

Q10. RBI adopted bi-monthly monetary policy on the recommendation of - 
(a) Bimal Jalan Committee
(b) Urjit Patel Committee
(d) Mukul Mudgal Committee
(e) None of the above

Q11. 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
(e) None of the above

Q12. “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.
(e) None of the above

Q13. 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
(e) None of the above

Q14. 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
(e) None of the above

Q15. “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
(e) None of the above