Daily Banking & Financial Awareness - Part 2
Note: As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Before that we will start a series for daily practice. It will help you in your upcoming Banking Exams as per the latest pattern. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).
A. Release gold from its reserves
B. Buy bonds in the open market
C. Prohibit the transactions that involve bill of exchange
D. Increase the tranche reserve with the IMF
Q2. Define GAAR,?
A. GAAR is a set of rules aimed at curbing aggressive tax planning
B. GAAR is a set of rules aimed at curbing money laundering by Indians to foreign countries
C. GAAR is a set of rules aimed at regulating investments by Indians in foreign countries
D. GAAR is a set of rules aimed at regulating investments by forelgners in India
Q3. How much FDI limit is allowed in tele communication sector?
Q4.What does sign on Rs.10 note ?
A. Governor, Reserve Bank of India
B. Finance Secretary, Government of India
C. Finance Minister, Government of India
D. President, State Bank of India
Q5.On the interval of how many years, the Census is done ?
A. 5 years
B. 10 years
C. 15 years
D. 20 years
Q6.MIBOR stands for ?
A. Mobile International Banking Operation Rate
B. Mumbai Inter-Bank Offer Rate
C. Merchant Inter-Bank Offer Rate
D. Merchandise Inclusion Bank Opportunity Rate
Q7. Which of the following are the pillars of Basel II Norms?
A. Capital Adequacy Requirements
B. Supervisory Review
C. Market Discipline
D. All of these
Q8.If an economy is in equilibrium at the point where plans to save and to invest are equal then government expenditure must be ?
B. Equal to government income
C. More than government income
Q9.IAEA is an organization which functions in the area of ?
A. Prevention of money laundering
B. Control of Foreign Direct Investment
C. Nuclear energy
D. World trade
Q10. As we all know banks in India are required to maintain a portion of their demand and tine liabilities with the Reserve Bank of India, this portion is called?
A. Statutory Liquidity Ratio
B. Cash Reserve Ratio
C. Bank Deposit
D. Reverse Repo
Q11. Which among the following is an unsecured promissory notes?
A. Commercial papers
B. Certificate of deposits
D. All of these
Q12.As we know that CARE is a well-known rating company but how many officers of CARE are located in India ?
Q13.Which of the following is the first organized stock exchange in India ?
A. National Stock Exchange (NSE)
B. Bombay Stock Exchange (BSE)
C. Multi Commodity Exchange (MCE)
D. Over The Counter Exchange of India (OTCEI)
Q14.Asset Liability Management is basically management of the structure of the balance sheet in such a way so that ?
A. Interest gain is minimized and risk is maximized
B. Interest gain is maximized and risk is minimized
C. Value of assets are maximized
D. Only risk is minimized
Q15.Where the garnishee order is not applicable ?
A. Where there is a credit balance
B. Where a cheque has been marked for good payment
C. Where the future maturing term deposits are attached
D. Where all branches of a bank are treated as one entity