Saturday, 13 August 2016

Banking and Financial Awareness for RBI/IBPS Exams



Q1. As per the reports published in various journals and newspapers the ‘small borrowers’ in rural areas still prefer to take informal route for their credit needs. Which of the following is the ‘informal route’ of credit in financial sector?
(a) Credit cards 
(b) Loan against gold from financial institute 
(c) Debit cards 
(d) Money lender

Q2. What is meant by ‘Underwriting’ the term frequently used in financial sector?
(a) Under valuation of the assets 
(b) The Act of taking on a risk
(c) Giving a Guarantee that a loan will not become a bad loan 
(d) None of the above 

Q3. As we have noticed many banks of Indian origin are opening offices/branches in foreign countries. Why is this trend emerging at a very fast pace?
I. These Banks wish to provide banking facilities to foreigners as banking facilities are not plenty in many foreign countries. India wants to take an advantage of the situation.
II.These banks wish to help Indian firms to acquire funds at internationally competitive rates. 
III. These banks wish to promote trade and investment between India and other countries.
(a) Only I
(b) Only II
(c) Only III
(d) Only II and III

Q4. Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms?
I. As India economy is getting increasingly integrated with the rest of the world the demand of the Corporate banking is likely to change in terms of size, composition of services and also the quality.
II. The growing foreign trade in India will have to be financed by the local banks.
III. Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this reference.
(a) Only I is correct
(b) Only II is correct 
(c) Only III is correct 
(d) All of the above 

Q5. Which of the following is not a banking/finance related term?
(a) Credit warp 
(b) EMI
(c) Held to Maturity 
(d) Diffusion

Q6. Which of the following is NOT the part of the structure of the financial System in India?
(a) Industrial Finance 
(b) Agricultural Finance 
(c) Government Finance 
(d) Personal Finance

Q7. Grameen Bank and Micro Credit are associated with which person?
(a) Manmohan Singh 
(b) Bill Gates 
(c) Md. Yunus
(d) Aung San Su Ki 

Q8. As we all know Govt. of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Govt.?
I. Tax on Income 
II. Tax on Expenditure 
III. Tax on property of Capital Asset 
IV. Tax on Goods and Services 
(a) Both I and III only 
(b) Both II and IV only 
(c) All of the above
(d) None of the above 

Q9. We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives?
I. To attract foreign investment directly 
II. To protect domestic market from direct competition from multinationals 
III. To provide more capital to agriculture and allied activities 
(a) Only I
(b) Only II
(c) Only III
(d) All of the above 

Q10. Many times we read about Future Trading in newspapers. What is Future Trading?
I. It is nothing but a trade between any two stock exchanges where in it is decided to purchase the stocks of each other on a fixed price throughout the year 
II. It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price 
III. It is agreement between Stock Exchanges that they will not trade the stocks of each other under any circumstances in future or for a given period of time 
(a) Only I
(b) Only II
(c) Only III
(d) All of the above














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