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Banking and Financial Awareness - Part 16


Daily Banking and Financial Awareness Quiz - Part 16

Effective For SBI PO - IBPS PO - Bank Exams - Insurance Exams

Dear Reader, 

As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Start daily practice for your upcoming Banking Exams.  It will help you to boost your score. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1.The price at which the government purchases food grain for maintaining the public distribution system is known as ?
A. Celling price
B. Procurement price
C. Minimum price
D. Issue price
E. Distribution price

Q2.The basic regulatory authority for mutual funds and stock markets lies with the ?
A. Government of India
B. Reserve bank of India
C. Securities and Exchange Board of India
D. Stock exchanges
E. None of these

Q3.Which of the following is not a means of remitting money ?
A. Mail transfer
B. Telegraphic transfer
D. Electronic Clearing Service
E. None of these

Q4.Which of the following services is not provided by bank ?
A. Transfer of money
B. Corporate loans
C. Help in getting passport
D. Sale of demand drafts
E. Savings bank account

Q5.In the 'CAMELS' rating 'S' stands for ?
A. Sociatal and cultural factors
B. Socio-economic factors
C. Security for people 'S' bank
D. Service to society
E. Sensitivity to market risks

Q6. CARE is a?
A. credit rating agency
B. computer institution body
C. hospital name
D. credit administration
E. None of these

Q7. LTTE stands for?
A. Leftist Trained Tamil Endowment
B. Liberation Tigers of Tamil Eelam
C. Liberation Tigers of Tamil Endowment
D. Liberation Trained of Tamil Eelam
E. None of these

Q8.The World Food Prize is given by which of the following organizations/world bodies ?
B. Craft General Foods

Q9.Kalinga Prize is related with ?
A. Popularization of music
B. Popularization of history
C. Popularizations of agriculture
D. Popularization of science
E. None of the above

Q10.If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposit.............. ?
A. will decrease
B. will increase
C. will neither increase nor decrease
D. first decrease then increase
E. None of these

Q11. RBI sometimes devaluates its currency primarily to promote?
A. Import and reduce export
B. Export and reduce import
C. Both Import and export
D. Outflow of foreign exchange
E. None of these

Q12.Expand 'PURA' ?
A. Provision for Urban Amenities in Rural Areas
B. Project for Urban Amenities in Rural Areas
C. Provision for Urban Amenities in Restricted Areas
D. Provision for Upper Amenities in Rural Area
E. None of these

Q13.When was SEBI formed officially by the Government of India ?
A. 1990
B. 1992
C. 1993
D. 1999
E. 1996

Q14.Pick the odd one out ?
E. None of these

Q15.What is the vallidity period of equitable mortgaga ?
A. 15 years
B. 11 years
C. 12 years
D. 10 years
E. None of these

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