1000 GK Questions and Answers

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    1000+  GK Questions and Answers  (General Knowledge ) MCQ  Questions and Answers for all competitive exams UPSC IAS IPS  Prelims, SSC CGL ,SSC CHSL general Awareness CTET, UGC NET, SET Questions Practice Online

    1 .Lot of banks in India these days, are offering M-Banking facility to their customers. What is the full form of M in M-Banking?
    A.  Message
    B.  Marginal
    C.  Mobile
    D.  Mutual Fund
    E.  Money
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    2 .Which of the following aspects are outlined by the loan policy of a bank?
    A.  All of the above
    B.  Financial covenants
    C.  Rating standards
    D.  None of the above
    E.  Lending procedures
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    3 .What is meant by 'Underwriting', the term frequently used in financial sector?
    A.  Undervaluation of the assets
    B.  Giving a Guarantee that a loan will not become a bad loan
    C.  The act of taking on a risk for a fee
    D.  The act of permission to float an IPO
    E.  None of these
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    4 .Who is a very senior citizen?
    A.  A person who is 80 years and above
    B.  A person who is 90 years and above
    C.  A person who is 65 years and above
    D.  A person who is 75 years and above
    E.  A person who completed 100 years of age
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    5 .Which of the following is known as Plastic Money? I. Demand Draft II. Credit Card III. Debit Card Select the correct answer using the codes given below
    A.  Both II and III
    B.  Only I
    C.  All of the above
    D.  Only II
    E.  Only III
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    6 .Which of following is necessary to transfer funds through the RTGS facility?
    A.  Beneficiary's bank account number
    B.  The IFSC number of the beneficiary's bank branch
    C.  There is a minimum amount specified for transfer
    D.  None of the above
    E.  All of the above
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    7 .Which one of the following is the major component of the money supply in the Indian Economy?
    A.  Treasury bill with public
    B.  Deposit component
    C.  Both B and C
    D.  Currency component
    E.  Both A and B
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    8 .By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act, 1987, the Chairman of a Regional Rural Bank (RRB) is to be appointed by
    A.  Reserve of Bank of India
    B.  None of the above
    C.  Central Government
    D.  State Government
    E.  Sponsor bank in consultation with NABARD
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    9 .Consider the following statements in the context of governance. I. Encouraging foreign direct investment inflows II. Privatisation of higher educational institutions III. Down-sizing of bureaucracy Which of the above can be used as measures to control the fiscal deficit in India?
    A.  Only III
    B.  None of the above
    C.  All of the above
    D.  Only I
    E.  Only II
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    10 .With a view to improving the performance of RRBs and giving more powers and flexibility to their boards in decisionmaking, the Reserve Bank had constituted task force on empowering the RRB Boards for Operational Efficiency. The task force was headed by
    A.  M Narasimham
    B.  KG Karmakar
    C.  None of the above
    D.  SS Tarpore
    E.  Rangarajan
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    11 .As per the reports in the major financial newspapers, India has urged China to redress imbalance in trade. What does it really mean? It means
    A.  As per WTO laws, India is supposed to export food - grains to China. But China has not placed any order for the same in 2006-07. It has also refused to accept 200 lakh tonnes of wheat exported to it by India.
    B.  India exports more items to China whereas China does not export much to India.
    C.  None of these
    D.  India is not able to export much to China whereas its import from China is of higher value.
    E.  China and India are not at all trade partners. Hence there is no transaction between the two countries.
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    12 .The currency notes are issued by the Reserve Bank of India under the signature of
    A.  Deputy Governor
    B.  Governor
    C.  Secretary
    D.  Executive Director
    E.  None of the above
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    13 .The Workers under the National Rural Employment Guarantee Act are encouraged to take their wages through bank and post office accounts. This step of the Govt. is to obtain which of the following goal(s)? (1) Promote Banks business. (2) To minimise corrupt practices. (3) To encourage more and more people to join NREGA.
    A.  Only (2) & (1)
    B.  Only (1)
    C.  Only (2) & (3)
    D.  All (1), (2) & (3)
    E.  Only (2)
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    14 .RBI prescribes the cash reserve ratio to be maintained by banks as part of prudential norms. In what way is this cash reserve maintained by the banks?
    A.  None of these
    B.  It is kept as reserves of gold with RBI
    C.  Each bank keeps the reserve in their respective head offices
    D.  It is maintained as cash with RBI
    E.  It is maintained as investments in government bonds
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    15 .The financial assistance of loans of Rs. 10000 by a bank to very a small borrower will be called
    A.  KYC finance
    B.  Government finance
    C.  Business finance
    D.  Small finance
    E.  Micro finance
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