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MCQs 1
SET 1
a) Certificate of deposit;
b) Bonds;
c) Stocks;
d) Commercial papers;
e) Debentures
02. Whenever RBI does some open market operation transactions, actually it
wishes to regulate which of the following?
a) Inflation;
b) Liquidity in economy;
c) Borrowing powers of the banks;
d) Flow of foreign direct investments;
e) None of the above
a) Insider trading;
b) Future trading;
c) Foreign trading;
d) Stock trading;
e) None of these
04. What is meant by Repo rate?
a) When a bank is in need of cash it can it can discount bills of exchange and avail
loan facilities from Reserve Bank of India.
b) When a bank has excess cash, they buy securities from RBI against cash on the
condition that they resell the securities to RBI on a pre fixed day and price
c) It is rate at which RBI allows temporary loan facilities to commercial banks
against government securities on the condition that the bank will repurchase the
securities within a short period.
07. The actual return of an investor is reduced sometimes when the prices of
the commodities go up all of a sudden and in financial sector this type of
phenomenon is known as
a) Probability risk;
b) Market risk;
c) Inflation risk;
d) Credit risk;
e) None of these
10. The ratio of the cash reserves that the banks are required to keep with RBI is
known as:
a) Liquidity ratio;
b) Statutory liquidity ratio;
c) Cash Reserve Ratio;
d) Net demand and time liabilities;
e) None of these
11. The availability of cash and other cash like marketable instruments that are
useful in purchases and investments are commonly known as:
a) Cash crunch;
b)Liquidity;
c) Credit;
d) Marketability;
e) None of these
12. Many banks have adopted/launched Core Banking Solutions and what do
you mean by core banking solutions?
a) Demat account;
b) NRE account;
c) NRO account;
d) FCNR account;
e) RFC account
15. Fourteen banks were nationalized in the country during the first stage on:
a) 19.07.1970;
b) 19.07.1969;
c) 19.07.1971;
d) 18.07.1969;
e) 15.07.1969
a) 15-50-35;
b) 50-35-15;
c) 35-15-50;
d) 35-50-15;
e) 15-35-50
17. Which of the following holds your credit history, such as your first bank account, any
credit cards you have, or any applications for finance you may have made?
a. Liquidity sensitive
b. Profitability sensitive
c. Market sensitive
d. Debt sensitive
Budget 2016-17
Budget set 1
Answer: a
Answer:c
Answer: c
5. Nominal premium and highest ever compensation in case of crop loss under the
..
a) PM Fasal Bima Yojna
b) PM Krishi Sinchai Yojna
c) Rashtriya Krishi Vikas Yojna
d) Gramin Bhandaran Yojna
Answer: a
Answer: a
Answer: a
Answer: c
Answer: a
10. Dedicated Rs. . crore for roads and highways. Total allocation for road
construction, including PMGSY, Rs 97,000 crore.
a) 60,000
b) 55,000
c) 50,000
d) 40,000
Answer: b
11. to be given option to remain open all seven days in a week across markets.
a) Malls
b) Private Offices
c) Banks
d) Shops
Answer: d
12. Objective to skill 1 crore youth in the next 3 years under the .
a) Startup, Standup
b) PM Kaushal Vikas Yojna
c) PM Rozgaar Bhatta Yojna
d) Deen Dayal Upadhyaay Grameen Kaushalaya Yojna
Answer: b
13. Senior citizens will get additional healthcare cover of Rs under the new
scheme
a) 25,000
b) 45,000
c) 30,000
d) 12,000
Answer:c
14. Pollution cess of per cent on small petrol, LPG and CNG cars; . per cent
on diesel cars of certain specifications; .. per cent on higher-end models.
a) 1, 2, 3
b) 1, 2.5, 4
c) 1.5, 2, 4
d) 1.5, 2.5, 4
Answer: b
Answer: b
16. Rs 1,000 crore allocated for new EPF scheme. Full form of EPF:
a) Employees Provision Fund
b) Employees Provident Fund
c) Employement Provident Fund
d) Employees Partially Fund
Answer: b
Answer: c
Answer: a
Answer: d
Budget set 2
1. Finance Minister Arun Jaitley announced the nine pillars for the Union Budget 2016-2017.
Which of the following is not included in the nine pillars?
a) Agriculture and farmers' welfare
b) Fiscal discipline
c) Tax reforms to reduce compliance burden
d) Special focus on working women
2. As per the Union Budget 2016-2017, how many hectares of land will be brought under
irrigation under the Pradhan Mantri Krishi Sichai Yojana?
a) 28.5 lakh hectares
b) 32.5 lakh hectares
c) 22.6 lakh hectares
d) 11.2 lakh hectares
3. As per the Union Budget 2016-2017, what is the amount allocated for the Swachch Bharat
Abhiyan?
a) 10,000 crore rupees
b) 9,000 crore rupees
c) 11,000 crore rupees
d) 6,000 crore rupees
4. The Union Budget 2016-2017 saw the highest ever amount allocated for the rural
employment scheme MNREGA. What is that amount?
a) 40,000 crore rupees
b) 50,500 crore rupees
c) 38,500 crore rupees
d) 39,500 crore rupees
5. In the Union Budget 2016-2017, Arun Jaitley set a target of electrifying 100 per cent villages
by
a) 1 May 2018
b) 1 June 2018
c) 1 May 2017
d) 1 May 2019
6. In the Union Budget 2016-17, excise duty on tobacco products except bidis has been raised
by
a) 12-13%
b) 10-15%
c) 15-17%
d) 10-12%
7. As per the Union Budget 2016-17, how much amount was allocated towards Agriculture and
Farmers welfare?
a) 34,980 crore rupees
b) 40,500 crore rupees
c) 35,984 crore rupees
d) 36,000 crore rupees
8. In the Union Budget 2016-17, Arun Jaitley announced creation of a dedicated Long Term
Irrigation Fund in NABARD. What will be the initial corpus of the fund?
a) About 15,000 crore rupees
b) About 10,000 crore rupees
c) About 16,000 crore rupees
d) About 20,000 crore rupees
9. How many Rurban Clusters will be developed under the Shyama Prasad Mukherjee Rurban
Mission?
a) 300
b) 200
c) 400
d) 500
10. Name the proposed structure scheme announced in the Union Budget 2016-17 to help
Panchayat Raj Institutions deliver Sustainable Development Goals.
a) Rashtriya Gram Abhiyan
b) Rashtriya Gram Swaraj Abhiyan
c) National Village Self-governance Scheme
d) Rashtriya Gram Swasashan Abhiyan
11. How many stores will be opened under Prime Ministers Jan Aushadhi Yojana during
2016-17?
a) 1000
b) 2000
c) 3000
d) 4000
12. Name the proposed programme that will be started under National Health Mission
through public-private partnership mode to provide dialysis services to renal patients in all
district hospitals across the country.
a) National Services Programme for Renal Patients
b) National Dialysis Programme
c) National Dialysis Services Project
d) National Dialysis Services Programme
13. As per the Union Budget 2016-17, how much amount has been allocated to celebrate the
Birth Centenary of Pandit Deen Dayal Upadhyay and the 350th Birth Anniversary of Guru
Gobind Singh?
a) 100 crore rupees
b) 50 crore rupees
c) 25 crore rupees
d) 20 crore rupees
14. What will be the EPF contribution of the Government of India for all new employees for
the first three years of their employment?
a) 8%
b) 8.33%
c) 7.33%
d) 6.5%
15. As per the Union Budget 2016-17, how much per cent of FDI will be allowed through FIPB
route in marketing of food products produced and manufactured in India?
a) 88%
b) 99%
c) 100%
d) 49%
16. How much amount has been allocated towards recapitalisation of Public Sector Banks?
a) 50,000 crore rupees
b) 20,000 crore rupees
c) 35,000 crore rupees
d) 25,000 crore rupees
17. As per the Union Budget 2016-17, target of amount sanctioned under Pradhan Mantri
Mudra Yojana has been increased to
a) 1,80,000 crore rupees
b) 1,90,000 crore rupees
c) 1,70,000 crore rupees
d) 2,00,000 crore rupees
18. Name the proposed programme that aims at connecting people through exchanges in areas
of language, trade, culture, travel and tourism.
a) Unity in Diversity
b) Ek Bharat Shreshtha Bharat
c) Unity in Diversity: One India
d) Shreshtha Bharat Ek Bharat
19. To lessen tax burden on individuals with income up to 5 lakh rupees, the ceiling of tax
rebate under section 87A has been raised from 2000 rupees to
a) 3000 rupees
b) 7000 rupees
c) 5000 rupees
d) 6000 rupees
20. Union Government announced Krishi Kalyan Cess of 0.5% on all taxable services to fund
farm initiatives. The cess will be effective from
a) 1 April 2016
b) 1 May 2016
c) 1 June 2016
d) 1 July 2016
Answers
1-(d) 6-(b) 11-(c) 16-(d)
2-(a) 7-(c) 12-(d) 17-(a)
3-(b) 8-(d) 13-(a) 18-(b)
4-(c) 9-(a) 14-(b) 19-(c)
5-(a) 10-(b) 15-(c) 20-(c)