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1) With growing economic uncertainty in the global markets,particularly the U.

S and Europe,India's exports have seen consistent decline since mid 2011.The Govt. data released in April 2012 showed that in Feb. 2012 exports stood at $24.6 billion,a growth of 1) 3.1 Percent 2) 4.2 Percent 3) 4.7 Percent 4) 5.5 Percent Ans 2 2) Which of the following on April 2,2012 reached an agreement with Malaysian financial services major CIMB Group to sell its cash equities,equity capital markets and mergers and acquisition business in India as well as in 10 other Asia-pacific markets? 1) Citibank 2) Royal bank of Scotland 3) Standard and chartered Bank 4) Dseutche Bank Ans 2 3) Planning Commission Deputy Chairman Montek Singh Ahluwalia announced in April 2012 that India has reached an agreement with an Asian Country to set up a policy co-ordination working group to get rid of "impediments" that have held up mutual investment.Which is that country? 1) Japan 2) China 3) Malaysia 4) Singapore Ans 2 4) The Board for Reconstruction of public Sector Enterprises(BRPSE) on April 6,2012 recommend a Rs.950 Crore package to nurse which of the following back to health? 1) ONGC 2) SAIL 3) HMT 4) GAIL Ans 3 5) The Reserve bank of India(RBI) on April 9,2012 allowed all licensed

banks including which of the following to transfer funds through the centralized electronic payment system as sub-members? 1) Urban Co-operative banks 2) State Co-operative banks 3) District central Cooperative banks 4) All of the above Ans 4 6) The Central Govt. in April 2012 imposed anti-dumping duty on imports of which of the following from Israel and Taiwan for five years? 1) Phosphoric acid 2) Helium Gas 3) Sulphuric Gas 4) Potash Ans 1 7) Which country in April 2012 called on India to formulate a joint strategy on marketing and export of premium Basmati rice to counter the non tariff barriers imposed by other countries? 1) Pakistan 2) China 3) USA 4) Canada Ans 1 8) The world Trade organization(WTO) in April 2012 projected a further slowdown in world trade,pegging the growth at what percent for 2012? 1) 3.7 Percent 2) 3.1 Percent 3) 4.4 Percent 4) 2.8 Percent Ans 1 9) India offered stake to which country in April 2012 in the Petrochemicals complex at Dahej in Gujarat,Indian oil Corporation(IOC) LNG Project in Ennore, Tamil Nadu, BPCL's Petrochemical Project in Manglore and investment opportunity in the Paradip Refinery? 1) Kuwait 2) Saudi Arabia 3) Qatar

4) Iran Ans 3 10) Union Govt. decided on 1 million cap on External Commercial Borrowing for which of the following sector? 1) Handicraft & small Industries Sector 2) Power Sector 3) Aviation Sector 4) Insurance Sector Ans 3 11) The cabinet committee on Economic Affairs(CCEA) on 12 April 2012 also approved anad-Valorem Regime for calculating royalty for which of the following? 1) Coal & Iron Ore 2) Coal & Lignite 3) Lignite & Copper 4) Lignite & Zinc Ans 2 12) According to the data provided by the Export Promotion Council for Handicrafts(EPCH) in April 2012,India's Handicrafts exports increased by what percent year on year to $ 2.7 billion in the 2011-12 fiscal? 1) 14.2% 2) 17.5% 3) 15% 4) 12.3% Ans 2 1) The Reserve Bank of India is a a) Banker of Govt b) Banker for Banks c) Co-operative Bank d) Both (a) and (b) Ans d 2) Reserve Bank of India was established during the year a) 1932 b) 1933

c) 1934 d) 1935 Ans d 3) Which one of the Following Statement is true about the Reserve bank of India(RBI) ? a) RBI exercises Supervisory powers over the Commercial Bank b) Every Bank has to get a lenience from the RBI to do banking business in India c) The RBI has the power to inspect the banks and seek any information from them d) All of the above are true Ans d 4) The Signature on a hundred-rupee note is of a) The Governor, Reserve bank of India b) The Finance minister of India c) Secretary, Finance ministry of India d) President of India Ans a 5) Which of the Following have been disallowed from opening branches abroad by the RBI recently ? a) Private sector Banks b) Pension Funds c) Co-operative Banks d) Both (a) & (b) Ans d 6) Devaluation of Currency leads to a) an increase in Export b) Increase in domestic Prices c) Both (a) & (b) d) no effect on domestic Prices Ans d 7) Which of the Following functions of the Reserve Bank of India is not performed by the other bank of banks ? a) Marketing advances to agriculturist b) Dealing in Foreign Exchange

c) Industrial Refinancing d) Acting as the hanker to the govt. Ans d 8) While reducing the rat of interest the RBI Serves a) Foreign investment facilities in India b) Investment Promotion c) Making of max availability of cash funds in market d) None of these Ans c 9) Which among the Following banks started fixed digital signature system by using PKI ? a) PNB b) SBI c) UBC d) Bank of Punjab Ans d 10) NBFC means a) Nationalize Bank for Financial Co-operation b) Non-banking Financial Company c) National Bank for Financial Co-operation d) Non-banking Financial Co-operation Ans b 11) Central Banking Function in India are performed by a) RBI B) Exim Bank c) SEBI d) ICICI Ans a 12) Bank Rate in Indian Financial System is the Rate a) at which RBI Lends to the Public b) at which Government of India lends to other Countries c) at which the RBI extends Credit Commercial banks d) at which a Commercial bank lends to the Public

Ans c 13) The Max Paid-up Capital requirement for new private bank in India isa) Rs 100 Crore b) Rs 200 Crore c) Rs 500 Crore d) None of these Ans b 14) Which of these is the institutional Source o Rural Credit ? a) RRBs b) Commercial Banks c) Co-operative Bank d) All of these Ans d 15) How many Loan was Provided by World Bank and IMF during nineties of bail India out of Crises ? a) 10 million $ b) 10 billion $ c) 7 billion $ d) 20 billion $ Ans c 1) What is the quantity of Gold the RBI Purchased from IMF in 2009 a) 200 tonne b)150 tonne c)100 tonne d) 50 tonne Ans a 2) Free Trade Refers to a) Free movement of Goods from one country to other. b) Movement of Goods from one Country to another free of cost. c) Unrestricted exchange of Goods and Services. d) Tool free of Duty Ans c

3) India Committed to world Bank for achieving the GDP growth rate by 2012 a) 7 % b) 8 % c) 9 % d)10 % Ans c 4) Which of the following is not a Drug/Pharma Company a) Chevron b) Nicholas Piramal c) Pfizer d) Zydus Cadila Ans a 5) Which Economy Theory is also Known as the Theory of Income Determination a) The Theory of International Trade b) Theory of Allocation c) The Subsistence Theory d) The Keynesian Theory Ans d 6) The Leading Trade Theorist of the World is a) Amartya Sen b) Jagdish Bhagwati c) Joseph Stiglitz d) Pranab Bardhan Ans b 7) Number of Central Bank in India a) One b) Two c) Three d) Four Ans a 8) IBRD Abbreviates a) International Bank of Reconstruction and Development

b) Indian Bank for Rural Development c) Industrial Bank for Rural Development d) International Bank for Revenue and Development Ans a 9) Capital Market Means a) Mutual Funds b) Money Market c) Securities Market d) Banking Business Ans c 10) The Largest Revenue Source in India a) Sales Tax b) Income Tax c) Excise Duty d) Export Duty Ans c 11) The Securities and Exchange Board of India(SEBI) was established in the Year a) 1992 b) 1993 c) 1994 d) 1988 Ans a 12) Who was the First Chairman of SEBI as well of Disinvestment Commission of India a) C.B Bhave b) G.V.Ramakrishna c) A.S. Morrthy d) Vijay Kelkar Ans b 13) The Changed Name of Unit Trust of India Bank is a) ICICI b) Axis c) Bank of Punjab

d) HSBC Ans b 14) One of the Following is not a Function of Reserve Bank of India a) Issuing Currency Notes b) Formulating Monetary Policy c) Exercising Control over all Banks in India d) Lending Money to Exporters Ans d 15) The Governor of RBI is a) D. Subbarao b) V.P.Shetty c) S.K Kain d) A.K.Suri Ans a 16) In India one Rupee Coins and Notes and Subsidiary a) State Bank of India b) Central Govt. c) Reserve Bank of India d) Unit trust Bank of India Ans c 17) Prime Cost is equal to a) Variable Cost plus Fixed Cost b) Variable Cost only c) Fixed Cost only d) Variable Cost plus Administrative Cost Ans b 18) What is a Scheduled Bank a) A bank having Rs 1000 Crore Deposits b) A Bank included in the Second Schedule of the RBI. c) A Bank having Rs 100 Crore Deposits d) A Bank having Branches all over India Ans b

19) In Economics the Law of Demand means a) When Demand Rises Price Falls. b) When Price rises, Demand Falls c) No relationship of demand with prices. d) None of These Ans c 20) Macro Economics is Based on a) Gross domestic Product b) Net Domestic Product c) National Income Concept only d) External Source. Ans b 21) The World Economic outlook( WEO ) is Published by a) White House b) IMF c) UNO d) World Economic Ans b 22) Bank Deposits that can be withdrawn without notice are called a) Variable Deposits b) Demand Deposits c) Fixed Deposits d) Account Payable Deposits Ans b 23) India's Largest Nationalized Commercial Bank is a) State Bank of India b) ICICI Bank c) IDBI Bank d) P.N.B Ans a 24) The Apex Bank for Rural Credit is a) Rural Regional Bank b) NAFED c) NABARD

d) RBI Ans c 25) Highest no of Kisan Credit Cards were issued by a) Commercial Banks b) Cooperative Bank c) Regional Rural Bank d) State Land Development Banks Ans b 26) The Five Rupee Coin of India is a) Minted at Nagpur b) Minted at Indore c) Minted in London d) Minted in N.York Ans c 27) The Reserve Bank of India Issues a) all the Currency notes except the hundred rupee note. b) all the Currency Note c) only Notes of Rs 10 and above d) all the Currency notes except the one rupee note Ans a 28) Which Among the Following is the Full from of FDI in Indian Economics a) Foreign Depository Investors b) Foreign Departmental Investors c) Foreign Direct Investment d) Foreign Development Investment Ans c 29) IDBI is a a) Industrial Unit b) Educational Institution c) Bank d) Construction Company Ans c

30) The Full Form of ICICI Bank is a) Institutional Credit and infrastructure Corporation of India. b) Industrial Commerce and Investment Corporation of India c) Infrastructure credit and Industrial Corporation of India d) Industrial Credit and Investment Corporation of India Ans d 1) Bank Rate implies the rate of Interest 1) Paid by the reserve Bank of India on the deposit of Commercial Banks 2) Charged by Banks on Loan and Advances 3) Payable on Banks 4) At which the Reserve Bank of India discounts the bill of Exchange. 2) Which bank in India performs the duties of Central Bank ? 1) Central Bank of India 2) State Bank of India 3) Reserve Bank of India 4) Above (a) and (c) 3) RBI was Nationalized in 1)1959 2)1947 3)1945 4)1949 4) One Rupee note in India is Signed by 1) RBI Governor 2) Union Finance Minister 3) Secretary , Finance Ministry 4) Secretary , Commerce Ministry 5) The Headquarters of Asian Development Bank(ADB) is at 1) Singapore 2) Manila 3) Hong Kong 4)Tokoyo 6) Cheque which is crossed can be encashed only 1) Through Reserve Bank of India 2) Through the Payee 3) Through any Bank 4)None of these

7) The Head quarter of RBI is in 1) Delhi 2) Kanpur 3) Mumbai 4) Nasik 8) The Nationalization of 14 Major commercial bank took place 1) 1947 2) 1956 3) 1969 4) 1980 9) Which of the Following Statement is True ? 1) Banks Cannot Accept demand and time deposit from public. 2) Banks Can accept only demand deposits from public 3) Banks Can accept only Time deposits from public 4)Banks Can accept demand and time deposits only from Govt. 10) Which of the Following Statement is Correct Statement ? 1) State Bank of India is the sole Authority to issue and manage currency in India 2) A nationalized bank is the sole Authority to issue and manage currency in India 3) A Cooperative Bank is the sole Authority to issue and manage currency in India 4) RBI is the sole Authority to issue and manage currency in India 5) None of These 11) Interest payable on Saving Bank accounts is 1) not regulated by RBI 2) regulated by State Govt. 3) regulated by Central Govt 4) regulated by RBI 5) regulated by Finance Minister 12) The Usual deposit account of bank are 1) Current account , Electricity account and Insurance Premium Account. 2) Current account , Post Office Saving Bank accounts and term deposit accounts. 3) Loan accounts , Saving bank accounts and term deposit accounts. 4) Current accounts , Savings bank accounts and term deposit account. 5) Current Bill accounts and term deposit account. 13) Fixed Deposits and recurring deposits are

1) 2) 3) 4) 5)

Repayable after an agreed period Repayable on demand not Repayable Repayable after death of depositors Repayable on demand or after an agreed period as per bank choice

14) Accounts are allowed to be operated by cheques in respect of 1) Both Savings bank account and fixed deposit account. 2) Savings bank account and current accounts. 3) Both Savings bank account and Loan account. 4) Both Savings bank account and Cash account 5) Both current accounts and fixed deposit account. 15) Mortgage is a ------1) Security on movable property for a loan given by the bank. 2) Security on immovable property for a loan given by the bank. 3)Concession on immovable property for a loan given by the bank. 4) Facility on immovable property for a loan given by the bank. 5) Security on immovable property for a deposit received by a bank. 16) Banks in our Country normally publicise that additional interest rate is allowed on retail domestic term deposit of 1) Minors 2) Married Women 3) Senior Citizens 4) Govt. Employees. 5) Rural residents 17) Which of the following is the cross selling by banks ? a) Sale of Debit Card to a Credit Card holder b) Sale of Insurance Policy to a Depositor c) Issuance of Cash against cheque presented by the third party 1) 2) 3) 4) 5) Only 1 Only 2 Only 3 Both 1 & 3 All 1, 2 & 3

18) When a bank returns a cheque unpaid, it is called 1) Payment of the cheque 2) Drawing of the cheque 3) Cancelling of the cheque 4) Dishonor of the cheque

5) Taking of the cheque 19) Which of the following type of account are known as the 'Demat' Account' ? 1) Accounts which are zero balance account. 2) Account which are opened to facilitate repayment of a loan taken from the bank.No other business can be conducted from there. 3) Accounts in which shares of various companies are traded in electronic form. 4) Accounts which are operated through internet banking facility. 5) None of these. 20 ) NEFT means 1) National electronic funds transfer system 2) Negotiated efficient fund transfer solution. 3) National efficient fund transfer system. 4) Non effective fund transfer system 5) Negotiated electronic foreign transfer system. 21) Interest on savings bank account is now calculated by banks on 1) Minimum balance during the month. 2) Minimum balance from 7th to last day of month. 3) Minimum balance from 10th to last day of month. 4) Minimum balance during the month. 5) Daily product basis Answers 1) 4 2) 3 3) 4 4) 3 5) 2 6) 3 7) 3 8) 3 9) 2 10) 4 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 4 4 2 2 2 3 2 4 3 1 21) 5

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