1. Question: Financial year in banks is a period from: A. January to December B. May to June C. April to March D. April to October Answer and Explanation: Financial year in a bank is from 1st April to 31st March; hence the correct answer is option C. 2. Question: ‘Pure Banking Nothing Else’ is a slogan raised by: A. HDFC Bank B. State Bank of India C. Axis Bank D. ICICI Bank Answer and Explanation: Correct answer is State Bank of India, option B 3. Question: The term ‘Smart Money’ refers to which of the following? A. Mobile Banking B. Tab Banking C. Credit Cards D. Internet Banking Answer and Explanations: ‘Smart Money’ refers to plastic money i.e. Credit Cards, hence correct answer is option C. 5. Question: SEBI is a A. Statutory body B. Advisory body C. Constitutional body D. Non statutory body Answer and Explanations: Securities and Exchange Board of India (SEBI) is a statutory body, hence correct answer is option A. 6. Question: Reserve Bank of India was nationalized in: A. 1945 B. 1949 C. 1950 D. 1955 Answer and Explanations: The correct answer is option B, 1949. The Reserve Bank of India was nationalized with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. 7. Question: State Bank of India was earlier known as: A. National Bank of India B. Premier Bank of India C. State Bank of Bharat D. Imperial Bank of India Answer and Explanations: Correct answer is option D. On 1 July 1955, the Imperial Bank of India became the State Bank of India. 8. Question: The term ‘Paper Gold’ means: A. Paper currency B. Special drawing rights of the IMF C. Paper with gold coating D. Another name of US Dollar Answer and Explanations: The correct answer is option B. Special drawing rights are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The SDR represents a claim to currency held by IMF member countries for which they may be exchanged. It can only be exchanged for Euro, Japanese yen, pounds sterling, or U.S. dollars. 9. Question: ‘Bulls and Bears’ are term used in: A. Bullion Market B. Agriculture C. Stock Exchange D. Supermarket Answer and Explanations: The correct answer is Stock Exchange, option C. The terms bull market and bear market describe upward and downward market trends, respectively and can be used to describe either the market as a whole or specific sectors and securities. 10 Question: MICR is a term associated with which industry? A. Aviation B. Agriculture C. Banking D. Tourism Answer and Explanations: The correct answer is Banking Industry, option C. Magnetic ink character recognition (MICR) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The MICR encoding called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount, and a control indicator. 11. Question: Which of the following Bank is the Banker to the Central Government? A. State Bank of India B. Punjab National Bank C. Central Bank of India D. Reserve Bank of India Answer and Explanations: Correct answer is Reserve Bank of India, option D. The RBI is a banker to the government and performs merchant banking function for the central and the state governments. It also acts as their banker. 12. Question: Grameen Bank and Micro Credit are associated with: A. Manmohan Singh B. Bill Gates C. Md. Yunus D. Aung San Su Ki Answer and Explanations: Correct answer is Md. Yunus, option C. Muhammad Yunus is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. 13. Question: Federal Reserve is the Central Bank of: A. France B. Pakistan C. USA D. Japan Answer and Explanations: Correct answer is USA, option C. The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. 14. Question: The Headquarters of NABARD is situated in: A. Delhi B. Mumbai C. Lucknow D. Ahmedabad Answer and Explanations: The correct answer is option B, Mumbai. 15. Question: Bank for International Settlement (BIS) headquarter is situated at: A. Manila B. Delhi C. Mumbai D. Basle, Switzerland Answer and Explanations: The correct answer is option D, Basle. The Bank for International Settlements (BIS) is an international organization of central banks which fosters international monetary and financial cooperation and serves as a bank for central banks. It is based in Basel, Switzerland. 16. Question: The target group for Education Loans is: A. Businessmen B. Students C. Old age people D. Service Class people Answer and Explanations: Education loan target market is students, hence correct option is B. 17. Question: What is the full form of ATM? A. Automatic Teller Machine B. Auto Time Machine C. Automated Teller Machine D. None of these Answer and Explanations: Correct answer is option C, Automated Teller Machine Sabdhani Coaching Varun Saxena Nitesh Dabi Deepesh Maheshwari
Posted on: Fri, 24 Oct 2014 04:53:01 +0000
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