Banking and Financial Awareness for SBI / IBPS Exams

Q1. Which of the following organisation release World Economic Outlook report?
(a) World Bank 
(b) IMF
(c) UNDP
(d) WTO

Q2. ICRA, CRISIL and Standard and Poor’s (S&P) are?
(a) Credit rating agencies 
(b) NGOs
(c) Financial Institutions 
(d) NBFCs

Q3. The Nippon Ginko is the Central Bank of?
(a) South Korea 
(b) Japan
(c) China
(d) Taiwan 

Q4. “Primary Deficit”refers to?
(a) Fiscal Deficit minus Interest Payments
(b) Budget Deficit minus Interest Payments 
(c) Monetary Deficit minus Interest Payments 
(d) Deficit Financing by 91 day ad hoc treasury bills 

Q5. Open market operations are mainly used as ______?
(a) A fiscal device which assists Government borrowing 
(b) A monetary measure to regulate quantity of money in circulation and the cash reserves of the commercial banks
(c) A measure to counteract extreme trends in business    
(d) A measure to influence the balance of payments position 

Q6. Which Bank is the Banker to the Central Government?
(a) Central Bank of India 
(b) Reserve Bank of India
(c) Punjab National Bank
(d) All of these 

Q7. The term ‘Ways and Means’ advances refers to?
(a) The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues
(b) the advance given by the Banks to the poorest of the society 
(c) lending made under PMRY scheme 
(d) all of the above 

Q8. The Reserve Bank of India is also called the lender of the last resort of Scheduled Commercial Banks because?
(a) RBI meets directly or indirectly all the reasonable demands for financial accommodation subject to terms and conditions of the discount rate policy of RBI
(b) they are not able to get facilities from other Banks 
(c) Both of the above 
(d) None of the above 

Q9. Pledge means? 
(a) advance against goods 
(b) open working capital limits 
(c) bailment of goods as security for payment of a debt or performance of a promise
(d) None of the above 

Q10. What are the RBI guidelines for the development of Interest Rate Swaps (IRS)? 
(a) Banks can use IRS for hedging and Trading both 
(b) MIFOR is a benchmark for IRS
(c) Under ISDA agreement Banks can opt for dual jurisdiction i.e., Indian as well as common law 
(d) All of the above

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