Banking-question-for-RRB-exam Set-2

Question. 1)Which of the following types of banks/organizations are now allowed to   accept Foreign Currency Deposits from NRI and Persons of   Indian origin ?  

                 A.           Post Officers

                 B.           Nationalised Banks

                 C.           Regional Rural Banks

                 D.           Non- banking finance companies

                 E.           Cooperative Credit Societies

Question. 2)                      

 Many a time we come across a term in financial newspapers ‘Balance of   payments’. What does it really reflect ?    A)It is the statement of receipts from foreign countries and payments        made to foreign countries.    B) It is the statement of the total volume of the GDP and share of imports        in it in terms of the percentage of GDP.    C) It is the statement of total receipt of the Government and its share in        total GDP in terms of the percentage.        

                 A.           Only C

                 B.           Both A & B

                 C.           Only A

                 D.           Only B

                 E.           None of these

Question. 3)       

Who amongst the following has written the  book A Himalayan Love Story ?  

                 A.           Namita Gokhale

                 B.           Shashi Deshpande

                 C.           Avijit Pathak

                 D.           Amitab Ghosh

                 E.           None of these

Question. 4)      

The Chairman of the Bank of Maharashtra in one of his interviews to the press     had said that the Bank’s ability to raise low cost CASA  Deposits is likely to  grow further. What is the full form of ‘CASA’ ?

                 A.           Current Account and Savings Account

                 B.           Commercial Accounts and Social Accounts

                 C.           Credit Account and Service Account

                 D.           Core Account and Small Accounts

                 E.           None of these

Question. 5)                      

The Reserve Bank of India keeps on changing correcting various   indicators/rates/ratios applicable to the banking industry. What at present   is the Statutory Liquidity Ratio (SLR) ?        

                  A.           25 %

                 B.           12 %

                 C.           33 %

                 D.           7 %

                 E.           None of these 

Question. 6)                      

 Which of the following statements about banking operations is CORRECT    as they help banks to run their shops ?    A)The public holds as much currency (M) as it desires to hold with it and       therefore any additional money earned by it is placed  in the form of deposits          with banks.    B)The banks lend all the deposits received by them from public up to the       minimum legal cash reserve ratio requirement  determined by the RBI. It       means banks do not keep ay excess cash reserves with themselves. C)The minimum legal cash Reserve ratio is set by the RBI.    D)Bank’s assets are only in the form of Cash Reserves and loans  and its      liabilities comprise only of the demand deposits.        

                 A.           Only C

                 B.           Only A

                 C.           Both A & C

                 D.           Both C & D

                 E.           All A , B, C & D

Question. 7)                      

 We, every now and then, read in the newspapers that some banks are earning    good profits while some are not doing so well. The major part  of a bank’s    profit generally comes from which of the following   activities ?    A)Providing banking services like opening accounts, providing safe deposit       vaults, etc    B)Remittance facilities. Collecting cheques, etc    C)Interest on loans, the investment which banks make, by using money of the       depositors.      

                   A.           Both A & B

                 B.           Only B

                 C.           Only C

                 D.           All A , B & C

                 E.           Only A

Question. 8)                      

Many a time we read in newspapers about ‘Know Your Customers’  norms to    be followed by the banks. Why so much emphasis is paid on  KYC norms ?       (Pick up the correct statement ).   

                 A.           It is basically an ‘Anti-Money Laundering’ exercise.

                 B.           It is an activity which allows banks to protect the indentity of its High Worth Customers so that other banks who are their competitors, cannot approach them.

                 C.           The purpose of this is to bring more and more people in Income Tax network.

                 D.           It is measure to provide quick and prompt service to the customers

                 E.           None of these

Question. 9)                      

 Which of the following is NOT a civilian award ? 

                A.           Bharat Ratna

                B.           Borlough Award             

               C.             Arjun Award

               D.           Ashok Chakra

   E.           Padma Shri

Question. 10)    

Every now and then we read in newspapers that the RBI has   revised/changed various rates like SLR, CRR, Bank Rate, etc. The    purpose of revision in various Rates/Ratios is to    A)Influence demand deposit creating power of commercial banks    B)Control inflation in the economy    C)Provoke commercial banks to lower their fee-based income         

                  A.           Both C & D

                 B.           Both A & C

                 C.           Only C

                 D.           All A , B, C & D

                 E.           Only A

Question. 11)    

As per the newspaper reports, some economically developed states   only hold about 60% of the total ‘Demat Accounts’ in India.   A Demat  Account is  

                 A.           an account which can be operated by big corporate houses and are mainly business accounts like current accounts.

                 B.           an account which can be opened only by mirrors.

                 C.           an account which is opened by the people of the lower income groups of society.

                 D.           an account in which trading of the shares is done.

                 E.           None of these

Question. 12)    

 Union Budget is always presented first in 

                 A.           Meeting of the Union cabinet

                 B.           The Rajya Sabha

                 C.           Joint Session of the parliament

                 D.           The Lok Sabha

                 E.           The State assemblies

Question. 13)    

The stock market index of London Stock Market is referred as

                 A.           Bullish

                 B.           Footsie(FTSE)

                 C.           NIFTY

                 D.           None

                 E.           Sensex

Question. 14)                    

 Which of the following names is NOT a foreign bank working in    India ?   

                 A.           Standard Chartered

                 B.           Yes Bank

                 C.           Barclays

                 D.           All are foreign banks

                 E.           HSBC

Question. 15)    

Heavy water is normally used by which of the following     industries ?  

                  A.           Pharma industry

                 B.           Nuclear power generation plants

                 C.           Paper industry

                 D.           Sugar plants

                 E.           None of these

Question. 16)    

 Who amongst the following is the author of the book Pakistan-   The Gathering Storms ? 

                 A.           Benazir Bhutto

                 B.           Pervez Musharaf

                 C.           Arun Gandhi

                 D.           Arun Shourie

                 E.           None of these

Question.1 7)    

Many a times we read a term in financial newspapers-GDR. What is   the full form of the same ?   

                 A.           Gross Domestic Revenue

                 B.           Gross Depository Revenue

                 C.           Global Domestic Ratio

                 D.           Global Depository Receipts

                 E.           None of these

Question. 18)                    

 Many times we read in newspapers about GM crops. What is the   full form of ‘GM’ ? 

                 A.           General Marketed

                 B.           Globally Marketed

                 C.           Genetically Modified

                 D.           Green & Moisturous

                 E.           None of these (Your Answer)

Question.1 9)                    

Who amongst the following is the author of the book Namesake ?

                 A.           Shobhaa De

                 B.           Jhumpa Lahiri

                 C.           Vikram Seth

                 D.           Kiran Desai

                 E.           None of these

Question. 20)    

Various Govt agencies/organizations are given responsibilities for   implementing various policies/decisions of the Govt of India.   Policies about credit flow to the agricultural/priority sector are framed/implemented through which of the following apex bodies ?

                 A.           IDBI Bank

                 B.           UTI

                 C.           None

                 D.           ECGC

                 E.           NABARD