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Banking & Financial Awareness - Part 4

Daily Banking & Financial Awareness - Part 4

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 of questions based on Previous year papers & some expected MCQ's. It will help in your upcoming Exams. 

Q1. A fall in the external value of a currency with respect to other currency is called?
A. Deflation
B. Devaluation
C. Depreciation
D. Recession
E. None of these

Q2.Which one of the following is not an objective of monetary policy ?
A. Exchange rate stability
B. Price stability
C. Promoting economic growth
D. Promoting foreign trade
E. None of these

Q3.Which of the following can be considered as a situation of closed economy ?
A. When deficit financing takes place
B. When only export takes place
C. When neither import nor export takes place
D. When only import takes place
E. None of these

Q4. Parallel Economy is also referred to as?
A. Grey market
B. Black Economy
C. Market Economy
D. Both (1) and (2)
E. None of these

Q5. Kyoto Protocol is related to which of the following?
A. Biological Diversity
B. Global warming
C. Soil Erosion
D. Atomic energy
E. None of these

Q6.Where is the head office of RBI situated ?
A. Mumbai
B. Kolkata
C. Chennai
D. Delhi
E. None of these

Q7.MSF stands for ?
A. Memium Small Factory
B. Marginal Standing Facility
C. Most Secured Foreign Bank
D. Micro Small Finance
E. None of these

Q8.When was the second nationalization of banks was done ?
A. 1975
B. 1980
C. 1990
D. 1988
E. None of these

Q9. The minimum amount that can be transferred through RTGS system is?
A. 5 Lakh
B. 15 Lakh
C. 2 Lakh
D. 3 Lakh
E. None of these

Q10.Which of the following is a type of NBFC registered with RBI ?
A. Equipment Leasing Company
B. Hire-purchase Company
C. Loan Company
D. Investment Company
E. None of these

Q11.Which of the following started Indian Financial Network (INFINET) with VSATs in major IIndia cities?
E. None of these

Q12. Which of the following banks have entered the capital market in the wake of Narasimham Committee recommendations?
C. Bank of India
D. All of the above
E. None of the above

Q13.Which among the following statements is/are true about "Term Loans" ?
A. Short and medium term loans are called term Loans
B. These Loans are usually secured by the tangible assets like, building, plant and machinery etc
C. Both (2) and (3)
D. Both (1) and (2)
E. None of these

Q14.RRBs were established in ?
A. 1974
B. 1972
C. 1976
D. 1980
E. None of these

Q15. The Reserve Bank of India on 16th May, 2012 decided to set up a $2 billion swap facility for member nation, whose headquarter is in Nepal?
E. None of these

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