Banking and Financial Awareness for SBI / IBPS Exams |

Q1. Inflation in India is measured on which of the following indexes/indicators?

(a) Cost of Living Index (COLI)

(b) Consumer Price Index (CPI)

(d) Wholesale Price Index (WPI)

Q2. Treasury bills are sold in India by?

(a) Reserve Bank of India

(b) State Governments

(d) SEBI

Q3. As per the instructions given by the RBI, now all banks are required to provide which of the following in all it’s branches mandatorily?

(a) Note Sorting Machines

(b) Special Counters for Senior Citizens

(d) All of the above

Q4. Which of the following terms is NOT used in the field of Banking & Finance?

(a) Overdraft

(b) Base Line

(d) CBS

Q5. As per the news published in major newspapers in India, Banks need about 12 lakh business correspondents for rural areas. What will be the role of these correspondents?

I. They will help rural people in their day-to-day banking activities

II. They will work as a link between banks and the customers.

III. They will ascertain eligibility of rural people so that relief packages can be provided to them.

(a) Only I

(b) Only II

(d) Only I and II

Q6. Which of the following is NOT the part of the structure of the financial System in India?

(a) Industrial Finance

(b) Agricultural Finance

(d) Personal Finance

Q7. Grameen Bank and Micro Credit are associated with which person?

(a) Manmohan Singh

(b) Bill Gates

(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

(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

(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

(d) All of the above