Banking and Financial Awareness - Part 31

Daily Banking and Financial Awareness Quiz - Part 31

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.During ..............a person does not need to pay interest change ?
A. Free debit period
B. Free credit period
C. Interim period
D. Either 1 or 3
E. None of these


Q2..............controls the money supply in a country. ?
A. Money lenders
B. Central bank
C. Private bank
D. Government policy
E. None of these


Q3.Who is the author of A bend in the river ?
A. V.S. Naipaul
B. Salman Rushdie
C. Kavita Kumari
D. Satish Gujral
E. Arundhati Roy


Q4.Which one of following is correct for a closed economy having no foreign trade ?
A. GDP > GNP
B. GDP < GNP
C. GDP - GNP
D. GDO < GNP
E. None of these


Q5.'Revoluton -2020' is written by ?
A. Chetan Bhagat
B. V.S. Naipaul
C. Raghu
D. Anita Desai
E. None of these


Q6.NELP stands for ?
A. New Exclusive Licensing Policy
B. New Exploration Licensing Policy
C. New Explosive LIcensing Policy
D. New Exterme Licensing Policy
E. None of these


Q7.The Uruguay Round of talks is related with which of the following international organizations ?
A. IMF
B. ADB
C. UNESCO
D. WTO
E. None of these


Q8.The first private bank in India to receive an in-principle approval from the RBI ?
A. ICICI
B. HDFC
C. Axis Bank
D. IDBI
E. None of these


Q9.Which among the following is the direct tax ?
A. Sales tax
B. Excise duty
C. Custom duty
D. Property tax
E. None of these


Q10.Structure of the financial system in India does not include ?
A. Personal finance
B. Agriculture finance
C. Development finance
D. Industrial finance
E. None of these


Q11.Malwa trophy is related with ?
A. Cricket
B. Football
C. Tennis
D. Badminton
E. Chess


Q12................is the place where existing securities are abought and sold ?
A. Primary market
B. Derivative market
C. Secondary market
D. Treasury bill market
E. Call money market


Q13.RBI issues currency note against which reserve system ?
A. Cash Reserve Ratio
B. Minimum Service System
C. Minimum Capital Requirement
D. Capital Adequacy Ratio
E. None of these


Q14.Which of the following is an important feature of an anticupatory letter of credit ?
A. The letter of credit can be used as abck to back letter of credit
B. The beneficiary under the letter of credit may receive payment even at the preshipment stage
C. The beneficiary under the letter of credit may recive payment even at the postshipment stage
D. The cash advance is not permitted against such letters of credit
E. None of the above


Q15.What is the provision of Article 155 of Indian Constitution ?
A. Appointment of Vice President
B. Right to Education
C. Abolition of Untouchability
D. Appointment of Governor
E. None of these