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CWE CLERK GK SERIES-1

1.     Free Trade Agreement (FTA) between India and _______ came into effect from July 1.

(a)   Malaysia

(b)   Mongolia

(c)   South Korea

(d)   China

2.     India- Malaysia CECA is India’s _____ bilateral Comprehensive Economic Co-operation Agreement.

(a)   Third

(b)   Fourth

(c)   Fifth

(d)   Sixth

3.     Comprehensive economic Co-operation Agreement(CECA) envisages liberation of

(a)   Trade in goods

(b)   Trade in services

(c)   Investments

Which of the following is correct?

(a)   Only I

(b)   Only II

(c)   I & II

(d)   All the above

4.     The implementation of FTA between India and Malaysia will boost the bi-lateral trade to____ by 2011.

(a)   $ 12 billion 

(b)   $ 14 billion

(c)   $ 18 billion

(d)   $ 15 billion

5.     The index of India’s core industrial registered a growth of _____ in May, 2011.

(a)   5.3%

(b)   6.3%

(c)   7.3%

(d)   8.3%

6.     India’s largest wind turbine maker Suzlon Energy has bagged recently a Rs. 650 crore from Orient Green Power Company. This is a _____ company.

(a)   Mumbai-based

(b)   Chennai-based

(c)   Bangalore-based

(d)   Delhi-based

7.     GMR Energy has tied up funds for its _____ power project, which is GMR’s first independent power project outside India.

(a)   Singapore

(b)   Thailand

(c)   Malaysia

(d)   None of these

8.     US Axis Bank has recently sanctioned loans worth $ 1.40 billion to Indian companies in the _____ sector.

(a)   Infrastructure

(b)   Renewable Energy

(c)   Micro Finance

(d)   None of these

9.     Maharashtra Electrosmelt Ltd.(MEL) has been merged with SAIL recently.MEL is located at

(a)   Ratnagiri

(b)   Ahemadnagar

(c)   Pune

(d)   Chandrapur

10.  The Government on July 18 approved in principle additional equity infusion of crore.

(a)   Rs.1,000

(b)   Rs.1,200

(c)   Rs.1,600

(d)   Rs.2,000

ANSWERS:       1.A       2.B       3.D       4.D       5.A       6.B       7.A       8.B       9.D       10.B

CWE CLERK GK SERIES-2

1. Justice V Ramaswami was the first Judge of Supreme Court to be impeached by Lok Sabha

2. Justice Soumtra Sen is the First Judge of High Court to be impeached by Rajya Sabha

Which among the above statements is/ are correct?

[A]Only 1 is correct

[B]Only 2 is correct

[C]Both 1 & 2 are correct

[D]Neither 1 nor 2 is correct

2. Ursula Burns was recently listed in the World’s 30 most powerful businesswomen by Forbes 500. She is also the first African-American woman CEO to head a Fortune 500 company. Which among the following company does she head?

[A]Sony

[B]HTC

[C]Xerox

[D]Dupont

3. Who among the following has been recently selected by Prime Minister Manmohan Singh to head the ambitious India-China CEOs Forum?

[A]Azim Premji

[B]Mukesh Ambani

[C]Anil Ambani

[D]Rahul Bajaj

4. Which among the following is the correct full form of NPCR — a modified version of Trai’s ‘Do Not Call Registry’ list.?

[A]National Consumer Protection Register

[B]National Customer Privacy Registry

[C]National Customer Protection Registry

[D]National Customer Preference Registry

5. Who among the following has recently sworn in as the chief of the Central Intelligence Agency (United States)?

[A]Leon Panetta

[B]David Petraeus

[C]James Clapper

[D]John Brennan

6. The Governor of which among the following states in India is NOT a woman at present?

[A]Himachal Pradesh

[B]Gujarat.

[C]Uttarakhand

[D]West Bengal

7. Starting with Highest, which among the following is the correct order of FDI source countries to India?

[A]Mauritius, US, Singapore, UK

[ B]Mauritius, Singapore, US, Australia

[C]Mauritius, Singapore, US, UK

[D]Mauritius, Singapore, UK, US

8.Which among the following company is developing ‘skyscraper’ computers using huge sandwiches of silicon chips by sticking layer after layer of chips covered with tiny components together, so that they work 1000 times faster than the current computers?

[A]IBM

[B]Acer

[C]Apple

[D]Hewlett-Packard

9. Consider the following:

1. Basmati Rice

2. Onion

2. Wheat

4. Non-Basmati Rice

Currently, there is a ban on export of which among the above?

[A]1

[B]1 2

[C]1 2 3

[D]1 2 3 4

10. Consider the following:

1. Atomic Energy

2. Lottery Business

3. Gambling and Betting

4. Business of Chit Fund

In which among the above FDI is permitted in India?

[A]None

[B]1 & 2

[C]1, 2 & 3

[D]1, 2, 3 & 4

11. Which among the following sector gets maximum FDI currently?

[A]Services sector (Financial and non-financial)

[B]Computer (software & hardware)

[C]Telecommunications (radio paging, cellular mobile, basic telephone services)

[D]Housing & Real Estate

12. The Agreement on South Asian Free Trade Area (SAFTA) was signed in a SAARC summit that was held in ___?

[A]New Delhi

[B]Dhaka

[C]Male

[D]Islamabad

13. Which among the following is India’s first state to have an e-monitoring system where citizens can track their applications and check for delays online?

[A]Gujarat

[B]Punjab

[C]Maharastra

[D]Delhi

14. In which year Dadasaheb Phalke Award was instituted?

[A]1966

[B]1969

[C]1972

[D]1973

15. The Government has decided to withdraw which among the following export promotion scheme recently?

[A]Duty Free Replenishment Card (DFRC)

[B]Market Access Initiative (MAI)

[C]Focus Market Scheme

[D]Duty Entitlement Pass Book (DEPB) scheme

ANSWERS:       1.C       2.C       3.C       4.D       5.B       6.D       7.C       8.A       9.A       10.A     11.A                             12.D            13.D     14.B     15.D

CWE CLERK GK SERIES-3

1. The controversial Sindol hydro-power project is located in which among the following states of India?

[A]Maharastra

[B]Himachal Pradesh

[C]Arunachal Pradesh

[D]Odisha

2. In which among the following cities is coming up the MIHAN Project ?

[A]Bangalore

[B]Pune

[C]Nagpur

[D]Mumbai

3. Which among the following terms does not get a place in Constitution of India?

[A]Attorney General

[B]Comptroller and Auditor General

[C]Cabinet

[D]Finance Commission

4. Which among the following state is host to the World Cup Kabaddi 2011?

[A]Haryana

[B]Punjab

[C]Gujarat

[D]Rajasthan

5. Which among the following state Governments recently banned the staging of La Tomatina festival (Tomato Festival), on lines of a festival that is held in the Valencian town of Bunol, in which participants throw tomatoes at each other?

[A]Gujarat

[B]Madhya Pradesh

[C]Maharashtra

[D]Karnataka

6. Consider the following:

1. Scientific Adviser to the Defence Minister,

2. Secretary Defence R&D

3. Director General Defence Research and Development Organization (DRDO)

Which among the above offices are held by the same person (Dr VK Saraswat currently) ?

[A]1 & 2

[B]1 & 3

[C]2 & 3

[D]1, 2 & 3

7. India looks for cooperation with which among the following countries for Oil exploration in South China Sea (It has been controversial recently) ?

[A]China

[B]Cambodia

[C]Vietnam

[D]Laos

8. Who among the following is the current President of the Indian Premier League ?

[A]Chirayu Amin

[B]Rajeev Shukla

[C]Shashank Manohar

[D]Krishnamachari Srikkanth

9. Which among the following is / are the main objective(s) of National Green Corps ?

[A]Educate youngsters about environment and ecosystems

[B]Prosecute and Punish the violators of Environment laws

[C]Promote Green Products

[D]All of above

10. Who among the following heads the new committee set up by Ministry of Railways to review “long-term safety needs” of the national transporter?

[A]R S Sharma

[B]Anil Kakodkar

[C]K. S. Dasgupta

[D]Rajeev Chandrasekhar

11. Which among the following country will host the Sixth international conference on Ayurveda and holistic healing in January 2012?

[A]India

[B]Sri Lanka

[C]Maldives

[D]Thailand

12. In which state of India, the Chinar-2011, a Philatelic exhibition and Postal Festival was organized recently in 3 decades?

[A]Uttar Pradesh

[B]Jammu & Kashmir

[C]Rajasthan

[D]Gujarat

13. Who among the following was responsible for Petrol price hikes recently?

[A]Government of India

[B]Government of Indian States

[C]Oil marketing Companies

[D]All of them

Show Answer

14. The Ozone Day is observed every year on September 16 as on this day in 1987 the ___________was signed for launching efforts to arrest the depletion of the fragile ozone layer in the stratosphere that prevents the harmful ultra-violet rays of the sun from reaching the earth. Fill the correct word in blank.

[A]Montreal Protocol

[B]Geneva Protocol

[C]Kyoto Protocol

[D]Nagoya Protocol

15. Which among the following is NOT a web browser?

[A]SpaceTime

[B]NeoPlanet

[C]Sputnik

[D]MeeGo

ANSWER:         1.D       2.C       3.C       4.B       5.D       6.D       7.C       8.B       9.A       10.B     11.B                             12.B            13.C     14.A     15.D

CWE CLERK GK SERIES - 4

1. Which card cannot be used in bank ATM?

1) Credit card

2) Debit card

3) Aadhar Card

4) Pre-paid card

5) None

2. We use PIN number in the transactions of bank ATM. PIN means ........?

1) Personal Identification numeral

2) Personal Identity number

3) Personal Identification number

4) Preferential Identification number

5) Personal Indian number

3. Banks do not issue.........?

1) Cheque book

2) Birth certificate

3) Demand Draft

4) Letter of Credit

5) Withdrawal Form

4. The debit card can be used in........?

1) in the same bank ATM

2) in the other bank ATM

3) Point of Sales Terminals ( POS)

4) All of above

5) None of Above

5. RBI can not supervise.........?

1) Micro Finance Companies

2) Non-Banking Finance Companies

3) NGO

4) Non-Scheduled banks

5) Scheduled banks

6. The Indian Banks Association is a ........

1) Constitutional body

2) Non-Constitutional body

3) Statutory body

4) Government body

5) Association of banks

7. Swabhiman is the scheme of ........?

1) Children

2) Rural area development

3) SEBI

4) Ministry of Finance and Indian Banks Associaation

5) World bank

8. Recently, Rs. 75 coin issued in the memory of ........celebrations of RBI?

1) Golden

2) Silver

3) Platinum

4) Diamond

5) Centenary

9. Indian Banks need not follow........?

1) Banking Regulation Act,1949

2) RBI Act 1934

3) Negotiable Instruments Act,1881

4) MGNREGA,2006

5) FEMA 1999

10. Which merger is wrong?

1) ICICI limited merger with ICICI Bank Limited -2002

2) Times bank with HDFC bank-1999

3) State bank of Hyderabad with State bank of India-2010

4) State bank of Indore with State bank of India-2010

5) New bank of India with Punjab National Bank-1993

11. The promoter of Clearing Corporation of India (CCIL)........?

1) IDBI

2) State bank of India and ICICI

3) LIC

4) HDFC and Bank of Baroda

5) All of above

12. Expand SFFSS?

1) Special Fund Facility Security Scheme

2) Special Fund Facsimile Security Settlement

3) Special Fund Facility Scrutiny Settlement

4) Special Front Facility Security Settlement

5) Special Fund Facility Security Settlement

13. Escheat mean........?

1) The person arrested on the charges of cheating and corruption

2) Estate taken by more than 2 persons to share in the future.

3) The british law which says the person cheated must make the correct of the transaction done

4) Bank agreement with another bank to get the funds for 14 to 90 days .

5) Property is transferred to the government because a person has died without heirs.

14. In 1964, ECGC established. Expand ECGC, which is under the administrative control of government of India?

1) Export Credit and Guarantee Company

2) Export Control and Guarantee Corporation

3) Export Credit and Guarantor Corporation

4) Export Credit and Guarantee Corporation

5) None of Above

15. Lead bank scheme of RBI was set up on the recommendation of ........?

1) Soma Sundaram Committee

2) Gadgil study group

3) Lodha group

4) Seturaman Committee

5) C.Rangarajan committee

16. Select the wrong option in the following statements relating to Co-operative Banks?

1) Co-operative bank is registered under the Co-operative societies law in which state it is founded

2) Banking Regulation Act 1949 partially applicable so that RBI has partial control

3) Few Co-operative banks usually follow federal structure

4) Co-operative banks can open foreign branches with out the permission of RBI

5) State Co-operative banks can seek re finance facility from RBI

17. Locate the wrong combination?

1) Rajmannar Committee-Cheque bounce an offense

2) Nadakarni Committee-Trading in Private Banks

3) Goparia Committee-Bank Frauds

4) Vyas Committee-Rural Credit

5) Usha Thorat Committee-Financial Inclusion

18. On 18 August 2011, Asian Development Bank granted $ 200 million to .......to boost the power distribution in the state?

1) Bihar

2) Andhra Pradesh

3) Odisha

4) West Bengal

5) Madhya Pradesh

19. Asian Development bank is in Manila. Manila is the capital of.......?

1) Philippines

2) Japan

3) Hongkong

4) Vietnam

5) Laos

20. Highest producer of milk in the world is.......?

1) Canada

2) USA

3) India

4) UK

5) France

21. Devaluation means........?

1) deliberate upward adjustment to a country's official exchange rate relative to other currencies

2) deliberate downward adjustment of prices to market prices

3) downward the exports value to import value of the goods exchanged for the goods

4) deliberate downward adjustment to a country's official exchange rate relative to other currencies

5) None of Above

22. Payroll tax means.......?

1) Tax collected on employers' wage bills

2) Tax paid to government by class-IV employees

3) Tax paid and received on the rotation basis

4) No Tax collected from employees

5) All of above

23. .......is a surface to surface missile manufactured by India?

1) Hatf

2) Bulava

3) KN-06

4) Prahar

5) Trinity

24. Lok pal bill deals with........?

1) Reservation of women in Local Bodies

2) Corruption

3) Beedi workers

4) Domestic workers

5) Non-Resident Indians

25. Union Cabinet approved to grant Rs.1200 crore scholarship plan to........?

1) Jammu and Kashmir

2) Uttar Pradesh

3) Madhya Pradesh

4) Assom

5) Odisha

26. New Chief minister of Uttarakhand is.......?

1) Nitish Kumar

2) Mayawathi

3) Ramesh Pokhriyal

4) B.C. Khanduri

5) None

27. South Sudan is in ......?

1) Asia

2) Europe

3) North America

4) Africa

5) Australia

28 G-SAT -12 is a .......?

1) Rocket

2) Satellite

3) Space Shuttle

4) Missile

5) Aircraft

29. From 10 November 2011, the SAARC summit to be held in Male (capital of Maldives). Select one nation not a member of this International summit?

1) Myanmar

2) Bangladesh

3) India

4) Sri Lanka

5) Pakistan

30. Housing scheme is........?

1) MGNREGS

2) JSSY

3) RAY

4) ANNAPURNA

5) LAF

31. National Drinking Water Mission named after.......?

1) Indira Gandhi

2) Mahatma Gandhi

3) Jawahar Lal Nehru

4) Rajiv Gandhi

5) Vajpayee

32. Pick up a filed in which Ramon Magsaysay award is not given?

1) Sports

2) Emergent Leadership

3) Government Service

4) Peace and International Understanding

5) journalism

33. 12th Five year plan period is.......?

1) 2012-2017

2) 2010-2015

3) 2009-2014

4) 2012-2018

5) 2011-2016

34. Five year plans finally approved by.......?

1) National Development Council

2) Planning Commission

3) National knowledge Commission

4) Ministry of Finance

5) Finance Secretary

35. Father of Indian Green Revolution is.......?

1) M.S.Swaminathan

2) Harish Handey

3) J.M.Keynes

4) Amartya Sen

5) Indira Gandhi

36. As part of Look East policy, Prathibha Patil, the president of India recently visited.......?

1) South korea

2) North Korea

3) Vietnam

4) Malaysia

5) Hongkong

37. India's national aquatic animal is.......?

1) Fish

2) Prawn

3) Whale

4) Dolphin

5) Shrimp

38. National Children day is........?

1) 14 January

2) 14 December

3) 14 October

4) 14 November

5) 14 August

39. 80th anniversary completed by.......?

1) Central Bank of India

2) Planning Commission

3) Rastrapathi Bhavan

4) Income Tax Department

5) Reserve Bank of India

40. Indian stock markets run under the control of..............?

1) RBI

2) TRAI

3) SBI

4) SEBI

5) NABARD

41. Standard & Poor is a .......?

1) Bank

2) Non-banking finance company

3) Stock market index

4) Credit Rating Agency

5) RBI advisory body

42. MARPOL is the International Convention .......?

1) to prevent the amalgamation of money laundering agencies

2) to control pollution from motor vehicles

3) to prevent the pollution from Ships

4) to stop the usage of pesticides

5) to encourage the people not to buy plastic

43. Fazilka and Pathankot are the new two districts of.......?

1) Punjab

2) Andhra Pradesh

3) Rajasthan

4) Odisha

5) Jammu & Kashmir

44. Union Government declared price stabilization fund for.......?

1) Tobacco, Coffee, Tea and Rubber

2) Coffee, Tea, Rice and Sugar

3) Wheat, Computers, Chemicals and Tea

4) Coffee, Rice, Wheat and Crude

5) Petrol, Gas and Rice

45. ........not written by Sarojini Naidu?

1) The Golden Threshold

2) The Feather of the Dawn

3) Muhammad Jinnah

4) Swamy and his friends

5) The Bird of Time: Songs of Life, Death & the spring

46. .......is a player/ umpire/ coach not belong to Cricket?

1) Duncan Fletcher

2) Clyde Duncan

3) Gautam Gambhir

4) Lionel Andres Messi

5) Mansur Ali Khan Pataudi

47. Olympic games 2012 will be held in.......?

1) Mexico

2) Argentina

3) Brazil

4) India

5) England

ANSWERS:

1)3 2)3 3)2 4)4 5)3 6)5 7)4 8)3 9)4 10)3 11)5 12)5 13)5 14)4 15)2 16)4 17)2 18)5 19)1 20)3 21)4 22)1 23)4 24)2 25)1 26)4 27)4 28)2 29)1 30)3 31)4 32)1 33)1 34)1 35)1 36)1 37)4 38)4 39)3 40)4 41)4 42)3 43)1 44)1 45)4 46)4 47)

CWE CLERK GK SERIES - 5

1. Which of the following statements is true?

a) The licence to open branches of bank is granted by Board of Directors of that Bank

b) There is no need of licenses to open branch of a bank

c) A licence to open a branch is issued by the Central Government

d) A licence to open a branch is issued by the Reserve Bank of India under the provisions of Banking Regulation Act, 1949

2. The important condition for granting licence of banking companies is?

a) Banking company need not plan to pay for future depositors

b) Banking company can plan for its capital structure once the licence is granted

c) The business undertaken by the banking company should not frustrate the interest of public

d) The banking company can undertake business other than banking with the permission of annual general body

3. Who of the following is not a party to the IPO?

a) Registrar of Issue

b) Investment Banker

c) Advertisement Agency

d) Registrar of Companies

4. Which of the following is not shown as an asset in the balance sheet of a Bank?

a) Investments

b) Advances

c) Cash Balances with other banks

d) Borrowings

5. The credit policy of a bank does not consists of?

a) Lending policies

b) Quality control

c) Loan product mix

d) Advertising of loan products

6. Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?

a) Receiving notices relating to cancellation of any part of the loan

b) Calling of loans in the event of default

c) Receiving the fee from the borrower and distributing among the participating banks

d) Receiving notices relating to transfers of banks

7. Which of the following is the parameter to recognize the SSI unit as sick unit?

a) The erosion in the net-worth due to accumulated losses is up to 25% of its net worth during the previous account year

b) The erosion in the net-worth due to accumulated losses is up to 50% of its net worth during the previous account year.

c) The unit should have been in commercial production for at least five years

d) Lack of updations in technological development

8. Which of the following is not the service provided by the Small Industries Service Institute?

a) Providing entrepreneurship development programs

b) Developmental efforts

c) Export promotion and liaison activities

d) Financial support

9. Service Area Approach (SAA) is associated with?

a) Rural and Semi-urban branches of commercial banks

b) Urban branches of commercial banks

c) Branches of commercial banks situated in metro cities

d) Development banks

10. Which of the following cannot be securitized?

a) Future rentals of a fishing boat

b) Hire purchase receivables

c) Demand drafts received by the banker during clearing

d) Future billings for an airline

11. Which of the following statements is true?

a) The special purpose vehicle (SPV) purchases the assets from the borrower directly during the securitization

b) The originator and obligor are the same persons in securitization process

c) Administrator collects the payments due from the obligor and passes it to the SPV and follows with defaulters

d) Mortgage based securitization provides high yields to the investor

12. The important feature of an anticipatory letter of credit is that?

a) The letter of credit can be used as back- to- back letters of credit

b) The beneficiary under the letter of credit may receive payment even at the pre-shipment stage

c) The beneficiary under the letter of credit may receive payment even at the post-shipment stage

d) The cash advance is not permitted against such letter of credits

13. The Shipping guarantee is a?

a) Type of a letter of credit

b) Guarantee issued by the ship captain to the purchaser

c) Guarantee issued to the borrower towards the loan granted by the shipping company

d) Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods.

14. Which of the following statements is true?

a) The charge card is a credit instrument

b) Under this facility the cardholders need to pay amount within ten installments

c) Cardholder has to pay the 100% of the purchase amount within 30 days of purchase

d) The charge card shall have revolving credit

15. Which of the following is not augmented feature of a credit card?

a) Personal accident insurance

b) Cash withdrawals

c) Add-on facility

d) Issue of deferred guarantee

16. Which of the following is the disadvantage of going for public issue?

a) Liquidity to existing shares

b) Increase in visibility and reputation to the company

c) Better pricing and placement with new investors

d) Need to make continuous disclosures

17. Which of the following is not a criterion to select the Investment Bankers?

a) No professional memberships or incorporations are required

b) General reputation in the market

c) Good rapport with market intermediaries

d) Distribution net work of the organization

18. Which of the following is not an asset of a bank?

a) Notes and small coins

b) Overdue recurring deposits

c) Short term loans

d) Staff advances

19. The banking company has restriction to sanction loan to?

a) Directors of the bank

b) Staff working in the bank

c) Students going abroad

d) Professionals

20. Which of the following is a non-depository institution?

a) Credit unions

b) Commercial banks

c) Mutual funds

d) Regional rural banks

21. The disadvantage associated with leasing company is?

a) Low costs

b) Flexibility in payments

c) Eliminates the risk of obsolescence

d) High competitions because of entry to all financial institutions

22. Which of the following theory is associated with the financial system in the economic growth?

a) Retributive theory

b) Reformative theory

c) Financial repression theory

d) Jurisdictional theory

23.Which of the following is not a financial intermediary in the financial markets?

a) Pension funds

b) Credit unions

c) Life insurance companies

d) Small scale service institute.

24 Which of the following is not a function of a commercial bank?

a) Registration of charges and mortgages

b) Transactions services

c) Asset transaction

d) Real-time Gross Settlement

25. Which of the following is one of the three pillars of new Basel Capital Award?

a) Market competitions

b) Market rapport

c) Market discipline

d) International market relations

26. The interest in savings bank accounts of a bank is calculated on?

a) Minimum amount of balance that is maintained in the account in between 10th and the last day of month

b) Maximum amount of balance that is maintained in the account in between 10th and the last of month

c) Minimum amount of balance that is maintained in the account in between 1st and the last day of month

d) Maximum amount of balance that is maintained in the account in between 1st and the last of month

27. The credit policy of a bank does not deal with?

a) Credit risk management

b) Documentation standards

c) Review and renewal of advances

d) Outstanding balances in deposit accounts

28. Issuing credit cards is a component of ?

a) Corporate banking

b) Rural banking

c) Retail banking

d) Micro finance

29. The origin of bank instruments can be traced to?

a) The priests and worship places of public deposits

b) Goldsmith receipts

c) Bonds issued by the British Government in India

d) Bank notes issued by Bank of Venice

30. Which of the following is not the function of commercial banks?

a) Providing transaction services

b) Intermediation in financial services

c) Providing transformation services

d) Regulating the issue of bank notes.

31 Which of the following is the most important challenge before the commercial bank?

a) Maintenance of foreign currency

b) Evaluating the need of the customers

c) Maintenance of SLR and CRR

d) Meet the technological revolution

32. The asset's side of balance sheet consists of ?

a) Cash balances with other banks

b) Fixed deposits of customers

c) Savings deposits

d) Recurring deposits

33. Which of the following is an income for a bank?

a) Depreciation on bank's property

b) Interest on inter bank borrowings

c) Profit on revaluation of investments

d) Provisions made on account of write-offs

34. Saving Bank Account can be opened in the name of ?

a) State text book printing corporations

b) District level housing cooperative societies

c) Communist Party of India

d) Aravind Samuel, Anurag Deepak and Amarish Sugandhi Jointly

35. The interest on recurring deposit is paid on the basis of ?

a) Simple interest calculated monthly basis

b) Simple interest on monthly products basis

c) Quarterly compounding

d) Interest calculated on daily products basis

36. Which of the following statements is true?

i. Term deposits are non-transaction deposits

ii. Cheques can be issued on short-term deposits

iii. All term deposits are interest bearing deposits

a) (i) only

b) (ii) only

c) (iii) only

d) (i) and (iii)

37. The credit policy laid down by the top management of a bank does not deal with?

a) Credit risk management

b) Pricing of the credit products

c) Appraisal of time and demand deposits

d) Documentation standards.

38. Which of the following factors is not required to be considered to analyze the repayment capacity of a borrower?

a) Working capital management

b) Personal educational qualifications

c) Financial leverage

d) Interest rate risk management

39. Which of the following is a facilitating service of core loan products of retail banking services?

a) Current or savings accounts

b) Legal services for documentation

c) Delivery of loan at promised time period

d) Flexibility in prepayment of loan

40. Which of the following is an most important advantage of retail banking on the resource side?

a) Consumer loans are low risk products

b) Innovative product development and disbursal

c) Increases the subsidiary business of a bank

d) Requires less efforts to market retail loan products

41. Lenders may not provide trade-offs to the borrowers on the basic term of consumer installment credit relating to?

a) Interest rate

b) Maturity of the loan

c) Maturity of the deposit

d) Quantum of finance

42. Which of the following is the risk associated with the retail banking?

a) Strong recovery strategy

b) Definite lending limits

c) Effective credit process and proposals

d) Inadequate risk pricing

43 The advantage of consortium finance is?

i. Speedy transactions and individual approach

ii. Involvement of huge amounts

iii. Use of expertise of all the banks

a) (i) only

b) (ii) only

c) (iii) only

d) (i), (ii) and (iii)

44 Which of the following is not a function of the agent bank in loan syndication?

a) Ensuring the compliance of conditions precedent under the loan agreement

b) Determining the LIBOR interest rate for each interest rate

c) Planning for future syndication of loans

d) Receiving notices relating to cancellation of any part of the loan

45. Which of the following is not a phase/step in the formation of loan syndication?

a) Finalization of supply agreement

b) Identify the needs of the borrower

c) Preparation of information memorandum

d) Invite other banks to participate

46. Which of the following statements is true?

a) SSI is an undertaking in which the investments in fixed assets in plant and machinery does not exceed one million

b) Small and medium enterprises both in size and shape are not homogenous in nature

c) The small and medium enterprises contribution towards the GDP is nominal

d) Small and medium enterprises do not support the large industries.

47. The Nayak Committee has suggested the turnover method for assessing the working capital and pegged it at?

a) 15% of the projected annual turnover, as working capital limit

b) 20% of the projected annual turnover, as working capital limit

c) 25% of the projected annual turnover, as working capital limit

d) 30% of the projected annual turnover, as working capital limit

48. Which of the following is not a part of the rehabilitation package granted for revival of sick industry?

a) Waiver of penal interests

b) Funding by sanctioning of term loans towards the unpaid installments of loans

c) Grant of additional working capital loans

d) Not demanding the promoters contribution towards the rehabilitation package

49. Service Area Approach is associated with?

a) Industrial finance

b) Microfinance

c) Rural finance

d) Consortium finance

50. Which of the following resources cannot be securitized?

a) Credit balances outstanding in cash credit accounts

b) Credit Card receivables

c) Hire purchase receivable

d) Mortgage in lieu of future payments

51. Which of the following is a type of anticipatory letter of credit?

a) Green clause letter of credit

b) Yellow clause letter of credit

c) Back to back letters of credit

d) Revolving letter of credit

52. Performance guarantee is issued?

a) In lieu of earnest money

b) In lieu of retention money

c) In lieu of indemnity bonds

d) For successful competition of Turnkey projects

53. Which of the following is not a transfer of funds by using the electronic media?

a) Mail transfer of funds

b) Telegraphic transfer of funds

c) Electronic credit transfers

d) Electronic clearing transfers

54. Which of the following is not an augmenting feature of credit cards?

a) Personal accident insurance

b) Cash withdrawal facility

c) Add-On facility

d) Automatic recovery of interest on term loans

55 Which of the following is a disadvantage of going public issue?

a) Provides liquidity to existing shares

b) Commands better pricing than placement with few investors

c) Increased regulatory norms

d) Enables valuation of the company

56 Which of the following is not a reason for regulating the banking operations?

a) Banks hold a major portion of the public savings

b) Banks intermediate between the savings and investments

c) Banks hold a large part of the money supply

d) Banks earn profit from non-fund services

57. Which of the following statements is true?

a) Resave Bank of India empowers the banks to open branches according to their will and pleasure

b) Reserve Bank of India is a central bank which monitors only lending activities pertaining to export credit

c) Banks have authority to establish the ATMs at their convenience

d) Rural banks of commercial banks do not have freedom to issue credit cards

58. When the customer withdraws cash from ATM, the banker and customer relation ship is?

a) Debtor and Creditor

b) Creditor and Debtor

c) Lessor and Lessee

d) Agent and principal

59. Which of the following is a public sector Bank?

a) IDBI

b) ICICI

c) AXIS

d) HDFC

60. Trade control in India is regulated by?

a) RBI

b) SEBI

c) EXIM Bank

d) DGFT

61 Which of the following businesses is prohibited as per Sec 8 of B.R Act 1949?

a) Executing the trusts

b) Leasing

c) Retail trading

d) Underwriting

62. Which of the following is not one of the essential elements of internal audit?

a) Totality

b) Expertise

c) Independence

d) Subjectivity

63. The letter of credit, which facilitates the exporter to get preshipment finance (from the stage of purchase of raw material until the warehousing of the finished goods) from advising bank is called?

a) Red Clause LC

b) Lines of credit

c) Packing credit loan

d) Green Clause LC

64. A term loan is classified as a non-performing asset, if interest or installment is overdue for period exceeding how many days?

a) 90

b) 91

c) 180

d) 182

65. Which of the following is an interest bearing demand deposit?

a) Time Deposit

b) Re-investment deposits

c) Cash Certificates

d) Savings Bank account

66. Debt Recovery Tribunals accept petitions from Banks and financial institutions, only when the amount of suit is for Rs?

a) 1 00 000 and above

b) 5 00 000 and above

c) 7 50 000 and above

d) 10 00 000 and above

67. An endorsement is deemed as an instruction to?

a) Collecting Bank

b) Paying Bank

c) Drawer

d) Payee

68. Ideal Credit deposit ratio for a bank is?

a) 60%

b) 40%

c) 90%

d) 30%

69. The rate at which RBI rediscounts the bills of commercial banks is called as?

a) Bank Rate

b) Prime Lending rate

c) Repo rate

d) BPLR

70. Which of the following is not one of the RBI directives on clean note policy?

a) Currency note packets are not to be stapled and secured with paper bands

b) Soiled notes are to be stapled before they are remitted to Currency Chest.

c) Water mark window of bank notes shall not contain any writings

d) Currency notes are to be sorted in to Issuable and non-issuable notes.

71. Which of the following committees are related to 'Micro financing'?

a) Nayak Committee

b) Tandon committee

c) Vyas Committee

d) Narasimham committee

72. The relation ship between RBI and the Bank maintaining the currency chest is that of?

a) Debtor and Creditor

b) Principal and Agent

c) Bailor and Bailee

d) Creditor and Debtor

73. Normally, the number of members in a self Help Group shall not exceed?

a) 10

b) 20

c) 50

d) 15

74. Short fall in fulfilling the targets of Priority sector and agricultural finance by domestic commercial banks shall be deposited with/in?

a) RIDF

b) SIDBI

c) RBI

d) IDBI

75. The maturity value of a Recurring deposit with a monthly contribution of Rs 500 kept for a period of 12 months, at 9% interest rate compounded quarterly would be Rs.?

a) 6, 265

b) 6, 625

c) 7, 255

d) 7, 555

76. Which of the following is not an imperfect note?

a) Washed note

b) Bleached note

c) Mutilated note

d) Oiled note

77. Credit rating helps in measuring the credit risk and facilitates?

a) Considering higher credit limits

b) Making loan provisioning at an early stage

c) Accurately calculate the probable loan losses

d) Pricing of a loan

78. The Reverse Repo has the following characteristic?

a) Borrowing by RBI from banks

b) Borrowing with government security as collateral

c) Short term borrowing

d) All of these

79. Under the Nayak Committee recommendations, the quantum of working capital limits from the bank is minimum percentage of the projected annual sales?

a) 5%

b) 15%

c) 20%

d) 25%

80. Banks insist on providing finance for those projects or activities only which they consider to be viable. What is meant by viability of project?

a) Capacity to generate cash, adequate to service debt and surplus for borrower's personal requirement.

b) Generation of cash to meet debt liability

c) Generation of profits.

d) Generation of gross profits

81. Letter of negative lien obtained from borrower by a bank contains?

a) An undertaking that the property mortgaged to the bank is his own

b) A confirmation that the borrower had earlier deposited title deeds to create mortgage on the property.

c) An undertaking not to create any encumbrance/lien on the property which he owns but not yet mortgaged to the bank

d) A declaration that he is the joint owner of the property furnishing the details of his share and valuation thereof.

82. Which of the following statement is CORRECT?

a) Consortium advances to be treated as NPA on the basis of recovery by individual banks

b) If one facility of a borrower is treated as NPA other facilities to himalso to be treated as NPA even if there are no irregularities in that account.

c) Consortium must be formed if the total exposure of fund based limit exceeds Rs 100 crore.

d) Both (a) and (b)

83. If an IPO is under-priced, which of the following can be considered as consequences/implications of the same?

I. The company looses the opportunity to raise more funds

II. Under pricing would give less returns to the investor

III. Under pricing results in lower net worth on an increased equity.

a) Only (II) above

b) Only (III) above

c) Both (I) and (III) above

d) Both (II) and (III) above all.

84. Corporate Bank files suit for recovery of its loan against the guarantor only and not the borrower. Guarantor pleads in the court that before filing suit against him, money should be recovered from the borrower. In such circumstances, the bank can seek recourse in the court against?

a) All the liable parties together only

b) Any one of them at a time

c) All separately

d) At its discretion it can proceed against any one

85. A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as?

a) Back to back LC

b) Red clause LC

c) Back to front LC

d) Revolving LC

86. Regional Rural Banks are?

a) Private Sector scheduled commercial banks

b) Cooperative banks

c) Foreign banks

d) Public sector scheduled commercial banks

87. Large corporate customers demand?

a) Short term products from their banks irrespective of the cost at their times of need.

b) Increasingly sophisticated products from their banks at the lowest possible cost.

c) Disintegrated financial products from their banks at the lowest possible cost.

d) Basic banking products from their banks but with speed and efficiency.

88. Funded Services under corporate banking does not include?

a) Working Capital Finance

b) Bill Discounting

c) Export Credit

d) Letters of Credit

89. Which of the following is not directly involved in rural lending?

a) Cooperatives

b) RRBs

c) Commercial banks

d) SIDBI

90. PACSs provide?

a) Mainly long term credit

b) Mainly short term credit

c) Both long term and short term credit

d) Do not provide any credit

91. The purpose of which is to make credit of available to essential sectors of the economy according to national priorities?

a) Selective Credit Control (SCC)

b) Maintenance of cash reserve

c) Reserve fund

d) Comprehensive Credit Control

92. The system of note issue followed by the RBI is?

a) Proportional reserve system

b) Minimum reserve system

c) Minimum fiduciary system

d) Maximum fiduciary system

93. The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as?

a) Bank rate

b) Repo rate

c) Reverse Repo

d) Discount rate

94. Scheduled banks are those?

a) Includued in the 2nd schedule of the Banking Regulation Act-1949

b) Includued in the 2nd schedule of the Companies Act-1956

c) Includued in the 2nd schedule of the Reserve Bank of India Act -1934

d) Bank Nationalization Act -1969

95. The following is classified as a public sector bank?

a) ICICI Bank

b) IDBI Bank Ltd

c) Axis Bank

d) Local area bank

Answers

1) d 2) c 3) d 4) d 5) d 6) c 7) b 8) d 9) a 10) c11) c 12) b 13) d 14) c 15) d 16) d 17) a 18) b 19) a 20) c

21) d 22) c 23) d 24) a 25) c 26) a 27) d 28) c 29) b 30) d31) d 32) a 33) c 34) d 35) c 36) d 37) c 38) b 39) a 40) c 41) c 42) d 43) d 44) c 45) a 46) b 47) b 48) d 49) c 50) a 51) a 52) d 53) a 54) d 55) c 56) d 57) c 58) a 59) a 60) d 61) c 62) d 63) d 64) a 65) d 66) d 67) b 68) a 69) a 70) b 71) c 72) b 73) b 74) a 75) a 76) c 77) d 78) d 79) c 80) a 81) c 82) a 83) c 84) d 85) d 86) d 87) b 88) d 89) d 90) b 91) a 92) b 93) b 94) c 95) b

CWE CLERK GK SERIES - 6

1. The higher rate of growth of economy certainly reduces the—

(A) Gender inequalities

(B) Poverty

(C) Population of a country

(D) Flow of foreign direct investment

(E) None of these

2. The actual return of an investor is reduced sometimes as the prices of the commodities go up all of a sudden. In financial sector this type of phenomenon is known as—

(A) Probability risk

(B) Market risk

(C) Inflation risk

(D) Credit risk

(E) None of these

3. The maximum amount of the Total Revenue earned by the Govt. of India comes from —

(A) Income Tax

(B) Customs Duty

(C) Excise Duty

(D) Value Added Tax

(E) Corporate Tax

4. In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to—

(A) Employ more and more people

(B) Maximize total profits

(C) Maximize total production

(D) Provide financial service to the people of the nation of its origin across the country

(E) Sell the goods at subsidized cost

5. Which of the following is TRUE about the ‘Single—EURO Payment Area’ a concept very much in news these days?

1. It is a concept floated by European Union.

2. It aims to create an integrated market for payment services in EURO.

3. It is a contract to convert all US dollar payments into EURO, which is a currency almost free from fluctuations in its value.

(A) Only 1

(B) Only 2

(C) Only 3

(D) Only 1 and 2

(E) None of these

6. What is a Repo Rate?

(A) It is a rate of which RBI sell Govt. securities to banks

(B) It is a rate at which RBI buys Govt. securities from banks

(C) It is a rate at which RBI allows small loans in the market

(D) It is a rate which is offered by Banks to their most valued customers or prime customers

(E) None of these

7. In a Company the use of price sensitive corporate information by the Company-people to make gains or cover losses is known as—

(A) Insider trading

(B) Future trading

(C) Foreign trading

(D) Stock trading

(E) None of these

8. As per the directives issued by the Prime Minister’s Economic Advisory Council (EAC), the percentage of the current account deficit (of the total GDP) during 2008-2009 should not be more than—

(A) 2•8%

(B) 3•0%

(C) 3•1%

(D) 3•2%

(E) None of these

9. The agricultural census is done at which of the following intervals ?

(A) There is no fixed term

(B) Every year

(C) Once in three years

(D) Once in ten years

(E) Once in five years

10. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?

(A) Certificate of Deposits

(B) Bonds

(C) Stocks

(D) Commercial Papers

(E) Loans

11. The amount of which of the following reflects the overall budgetary position of the Govt. of India at a given time?

(A) Revenue Deficit

(B) Total Amount of Income Tax collected

(C) Capital Deficit

(D) Fiscal Deficit

(E) None of these

12. The 11th Five Year Plan is termed as plan for—

(A) India’s Health

(B) Eradication of poverty from India

(C) India’s Education

(D) Development of Rural India

(E) None of these

13. Who amongst the following gave the concept of PURA (Providing Urban facilities in Rural Areas)?

(A) Rajiv Gandhi

(B) Manmohan Singh

(C) A.P.J. Abdul Kalam

(D) Sonia Gandhi

(E) None of these

14. Which one of the following is the percentage upto which FDI in defense sector is allowed ?

(A) 26%

(B) 41%

(C) 31%

(D) 49%

(E) None of these

15. Bharat Nirman does not cover which of the following areas ?

(A) Rural employment

(B) Rural Housing

(C) Rural Water supply

(D) Irrigation facilities

(E) It covers all the above areas

ANSWERS:       1.B       2.B       3.E       4.D       5.D       6.A       7.A       8.D       9.E       10.C     11.D                             12.C            13.C     14.A     15.A

CWE CLERK GK SERIES - 7

1. Which of the following committees has given its recommendations on ‘Financial   Inclusion’?

(A) Rakesh Mohan Committee

(B) Rangarajan Committee

(C) Sinha Committee

(D) Kelkar Committee

(E) None of these

2. Which of the following correctly describes what sub-prime lending is ?

1. Lending to the people who cannot return the loans.

2. Lending to the people who are high value customers of the banks.

3. Lending to those who are not a regular customer of a bank.

(A) Only 1

(B) Only 2

(C) Only 3

(D) All 1, 2 and 3

(E) None of these

3. Which of the following is/are the major concepts visible in today’s banking industry in India ?

1. Risk Based Management

2. Growing competition

3. IT Initiatives

(A) Only 1

(B) Only 2

(C) Only 3

(D) Both 2 and 3

(E) All 1, 2 and 3

4. Which of the following services provided by a bank in India is not liable for Service Tax as per existing laws?

(A) Safe Deposit Lockers

(B) Merchant Banking Services

(C) Credit cards

(D) Discount earned on certain discounted bills

(E) None of these

5. Whenever RBI does some Open Market Operation Transactions, actually it wishes to regulate which of the following?

(A) Inflation only

(B) Liquidity in economy

(C) Borrowing powers of the banks

(D) Flow of Foreign Direct Investments

(E) None of these

6. In India Minimum Support Prices are announced by the Govt. of India every year. Which of the following commodities is not covered under this policy ?

(A) Sugar

(B) Wheat

(C) Cotton

(D) White goods

(E) All are covered under the policy

7. Which of the following policies of a country brings a crucial impact on the economic growth of the nation?

1. Fiscal policy

2. Foreign policy

3. Social policies

(A) Only 1

(B) Only 2

(C) Only 1 and 2

(D) Only 2 and 3

(E) All 1, 2 and 3

8. Which of the following financial products is not much popular in India as they are launched recently only?

(A) Development Bonds

(B) Insurance Policies

(C) Mutual funds

(D) Sovereign Wealth Funds

(E) All are very popular products in India

9. Which of the following countries is given permanent membership of the World Trade Organization recently?

(A) Ukrain

(B) India

(C) Pakistan

(D) Sri Lanka

(E) None of these

10. When the prices of commodities, goods and services start declining consistently, the phenomenon is known as—

(A) Discount yield

(B) Deflation

(C) Negative growth

(D) Market capitalization

(E) None of these

ANSWERS:       1.B       2.A       3.A       4.D       5.C       6.D       7.C       8.D       9.E       10.B

CWE CLERK GK SERIES - 8

1. Which of the following schemes is launched for school children ?

(A) Rajlakshmi

(B) Kutir Jyoti

(C) Mid Day Meal

(D) Swajal Dhara

(E) None of these

2. Loans of small or very small amounts given to low income group people are known as—

(A) Investment Loans

(B) Micro Credit

(C) Savings Loan

(D) Secured Loans

(E) Cash Credit Loans

3. Which of the following is the Central Bank of U.S.A. ?

(A) Federation of Banks in U.S.A.

(B) Citigroup U.S.A.

(C) Bank of America

(D) Central Bank of U.S.A.

(E) Federal Reserve System

4. Which one of the following countries was second biggest net importer of goods and services in the year 2009 ?

(A) U.S.A.

(B) India

(C) China

(D) Germany

(E) Russia

5. The activity of purchasing shares of various companies is called—

(A) On-line Trading

(B) Share Trading

(C) Real estate investment

(D) Corporate Trading

(E) None of these

6. Some private organizations are running e-choupals, to help which of the following section of society ?

(A) Farmers

(B) Small businessman

(C) Cooperative Credit Societies

(D) School-going children

(E) Unemployed youth

7. Which is the currency of U.A.E. ?

(A) Dirham

(B) Dinar

(C) Dollar

(D) Taka

(E) Pound Sterling

8. Who amongst the following is the author of the book ‘A bend in the River’ ?

(A) Chetan Bhagat

(B) V. S. Naipaul

(C) Kiran Desai

(D) Anita Desai

(E) None of these

9. Which of the following terms is used in game of Cricket ?

(A) Love

(B) Scoop

(C) LBW

(D) Tee

(E) Back-hand drive

10. Which one of the following was India’s per cent GDP growth during 2009-10 ?

(A) 6.7

(B) 9.2

(C) 7.4

(D) 9.7

(E) None of these

11. Which of the following is/are a renewable source of energy ?

1. Wind

2.Solar

3. Thermal

(A) Only 1

(B) Only 2

(C) All 1, 2 and 3

(D) Only 2 and 3

(E) Only 1 and 2

12. Expand the term SWIFT—

(A) Society for Worldwide Inter-national Financial Telecommunications

(B) Society for Worldwide Inter-bank Financial Telecommunications

(C) Society for Worldwide Inter-national Financial Transfers

(D) Society for Worldwide Inter-bank Fiscal Transactions

(E) None of these

13. For which one of the following reasons. NABARD has set up joint liability groups (JLG) of farmers?

(A) To facilitate delivery of credit to farmers

(B) To facilitate better delivery of credit to farmers through informal sources

(C) To facilitate better delivery of credit to share croppers and those who do not have their own land

(D) To facilitate better delivery of credit to farmers through Panchayats

(E) None of these

14. Which of the following terms is not used in Banking World?

(A) Holding Company

(B) Post dated cheque

(C) Credit

(D) Time deposit

(E) Centripetal force

15. What is the extent of claim that can be entertained by a Lok Adalat?

(A) Up to 5 lakhs

(B) Up to 10 lakhs

(C) Up to 20 lakhs

(D) Up to 50 lakhs

(E) No limit

 ANSWERS:       1.C       2.B       3.E       4.B       5.C       6.A       7.A       8.B       9.C       10.C     11.E                             12.B            13.A     14.E     15.A

CWE CLERK GK SERIES - 9

1. As we know the Jammu & Kashmir Assembly recently passed a bill which enabled it to ban Inter District Recruitments in the state. As per the provision of the bill a youth can now apply for a Govt. Job in the state only in—

(A) His/her district

(B) The districts of his/her commissionary

(C) Only one district of his/her choice in the state

(D) The district where he/she is residing at present

(E) A District in Jammu region only

2. As we know a servere earthquake had rocked Qinghai region recently. ‘Qinghai’ is in which of the following countries?

(A) North Korea

(B) South Korea

(C) Myanmar

(D) China

(E) Vietnam

3. The second Summit of BRIC nations was organized in April 2010 in—

(A) New Delhi

(B) Moscow

(C) Brasilia

(D) Beijing

(E) None of these

4. Which of the following states has decided to impose a cess on commercial vehicles so that a welfare fund can be created for the transport workers in distress of the state?

(A) Maharashtra

(B) West Bengal

(C) Tamil Nadu

(D) Kerala

(E) None of these

5. Which of the following organization recently celebrated Silver Jubilee Year (25^th Year) of its establishment?

(A) ASEAN

(B) G-20

(C) Commonwealth

(D) NATO

(E) SAARC

6. Amnesty International is associated closely with which of the following ?

(A) To promote inclusive growth worldwide

(B) To make earth a better abode for future generations

(C) To protect human rights

(D) To protect the world from the dangers of any nuclear war

(E) None of these

7. As per the new guidelines issued by SEBI, companies are required to list shares within how many days of the closure of the Initial Public Offers (IPOs) ?

(A) 30 days

(B) 25 days

(C) 20 days

(D) 12 days

(E) None of these

8. 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 1

(B) Only 2 and 3

(C) Only 2

(D) All 1, 2 and 3

(E) Only 2 and 1

9. Which of the following Rates/Ratios is not covered under the Monetary and Credit Policy of the RBI?

(A) Bank Rate

(B) Repo Rate

(C) Cash Reserve Ratio

(D) Reverse Repo Rate

(E) Exchange Rate of Foreign Currencies

10. Which of the following ministries has launched Integrated Wastelands Development Programme (IWDP)?

(A) Ministry of Rural Development

(B) Ministry of Agriculture

(C) Ministry of Chemical and Fertilizers

(D) Ministry of Health and Family Welfare

(E) None of these

11. Which of the following is/are the specific goal(s) of Bharat Nirman Project launched by the Govt. of India ?

1. To provide more and more employment opportunities to rural youth.

2. To Develop infrastructure in rural areas.

3. To provide best technical education to Indian Youth.

(A) Only 1

(B) Only 1 and 2

(C) Only 2 and 3

(D) Only 2

(E) All 1, 2 and 3

12. As we know Govt. of India has launched specific programmes to protect people from contaminated drinking water. Normally the ground water available in most of the rural areas, contains which of the following chemicals /minerals which makes it unsafe for drinking ?

1. Arsenic

2. Fluoride

3. Oxygen

(A) Only 1

(B) Only 2

(C) Only 1 and 2

(D) Only 2 and 3

(E) All 1, 2 and 3

13. Which of the following is the goal of the Indira Aawas Yojana of the Govt. of India?

1. To provide dwelling units to people living Below Poverty Line (BPL).

2. To make metro cities slum free.

3. To provide housing facilities to the Central Govt. Employees.

(A) Only 1

(B) Only 2

(C) Only 2 and 3

(D) All 1, 2 and 3

(E) None of these

14. As per the reports in various newspapers the Tea Board will take up rehabilitation of about 10000 hectares of tea plantation in Himachal Pradesh. Which of the following is the main area of the state where tea is grown prominently?

(A) Kangra

(B) Shimla

(C) Bilaspur

(D) Mandi

(E) None of these

15. Who amongst the following is the author of the book ‘Solo’ which got Commonwealth Writers’ Prize 2010?

(A) Shobha De

(B) Chetan Bhagat

(C) Anita Desai

(D) Rana Dasgupta

(E) None of these

16. As per the reports published in various newspapers Karnataka Govt. has raised some objection on the Hogenakkal Drinking Water Project. The project is being implemented by which of the following states?

(A) Kerala

(B) Andhra Pradesh

(C) Orissa

(D) Maharashtra

(E) Tamil Nadu

17. As per newspaper reports Iran recently organized a Trilateral Meet to discuss its ‘Nuclear Policy’. Who were the two other members at the meet ?

(A) Turkey & USA

(B) Brazil & Russia

(C) UAE & Turkey

(D) USA & Britain

(E) Brazil & Turkey

18. The ‘Wall Street Reforms Bill’ was in news recently. The bill will initiate Financial reforms in which of the following countries?

(A) USA

(B) France

(C) Australia

(D) Brazil

(E) None of these

19. Which of the following is the body/agency set up by the Govt. of India to increase the flow of foreign investment in the country ?

(A) FIPB

(B) FEMA

(C) NSDL

(D) FCCB

(E) None of these

20. The World ‘No Tobacco Day’ is observed on which of the following days ?

(A) 13th May

(B) 31st May

(C) 13th June

(D) 30th June

(E) None of these

ANSWERS:       1.C       2.D       3.C       4.B       5.E       6.C       7.D       8.B       9.E       10.A     11.D                             12.C            13.A     14.A     15.D     16.E     17.A     18.A     19.A     20.B

CWE CLERK GK SERIES - 10

1. Which one of the following is the target fixed for maintaining fiscal deficit in the Union Budget of India?

(A) 4•6 per cent of total budget

(B) 4•6 per cent of GDP

(C) 3•6 per cent of total budget

(D) 3•6 per cent of GDP

(E) None of these

2. FIMMDA stands for—

(A) Foreign Investment Markets & Derivatives Market Association

(B) Fixed Income Money Markets and Derivatives Association

(C) Fixed Income and Money Market Development Association

(D) Floating Income and Money Markets Derivative Assets

(E) None of these

3. On which one of the following issues, a group of top business leaders and other eminent citizens have expressed their concern to the Govt. of India ?

(A) Corporate Governance

(B) Fiscal deficit

(C) Inflation

(D) Governance deficit

(E) None of these

4. Nobel Laureate Muhammed Yunus belongs to which one of the following countries?

(A) Sri Lanka

(B) Pakistan

(C) Maldives

(D) Bangladesh

(E) None of these

5. Who is the author of the book ‘Darkness At Noon’ ?

(A) V. S. Naipaul

(B) Chetan Bhagat

(C) Arthur Koestler

(D) Vikram Seth

(E) None of these

6. Which of the following terms is not used in banking ?

(A) Debit Card

(B) Credit Card

(C) Kisan Card

(D) ELISA Test

(E) None of these

7. Which of the following is the reason, owing to which Government charges export duty on some export items?

(A) It is to get benefit of high international prices

(B) To improve the tax collection targets

(C) It is as per international practices

(D) To ensure the smooth availability of the items in India

(E) None of these

8. Pipavav Port is located in which of the following States ?

(A) Odisha

(B) Andhra Pradesh

(C) Tamil Nadu

(D) Gujarat

(E) West Bengal

9. Which of the following is/are the objective(s) of our monetary policy ?

1. Anchor inflation expectations

2. Actively manage liquidity

3. Maintain interest rate regime consistent with price output and financial stability

(A) Only 1

(B) All 1, 2 and 3

(C) Both 1 and 3

(D) Only 2

(E) None of these

10. For which of the following purposes, RBI has constituted a Working Group with Shri Deepak Mohanty as Chairman?

(A) Deregulation of primary markets

(B) Deregulation of secondary markets

(C) Deregulation of Savings Bank Rates

(D) Introduction of Base Rate

(E) None of these

11. Who is Kapil Sibal?

(A) Coal Minister of India

(B) Civil Aviation Minister of India

(C) Telecom Minister of India

(D) Economic Advisor to Prime Minister of India

(E) None of these

12. Which of the following will set up core banking infrastructure for rural banks ?

(A) SIDBI

(B) IBA

(C) RBI

(D) SBI

(E) NABARD

13. Colonel Muammar al Gaddafi is associated with which one of the following countries ?

(A) Libya

(B) Beharin

(C) Yemen

(D) Tunisia

(E) None of these

14. What is Gross Domestic Product?

(A) It is the cost of production of all final goods and services made in the country

(B) It is the cost of services made within the borders of a country in a year

(C) It is the market value of all final goods and services made in the country

(D) It is the market value of all final goods and services made within the borders of a country in a year

(E) None of these

15. In which one of the following States, India’s first Islamic Bank is proposed to be set up ?

(A) Kerala

(B) Tamil Nadu

(C) Odisha

(D) Bihar

(E) None of these

16. In which one of the following States, Niyamgiri Bauxite Mining Project is proposed to be set?

(A) Odisha

(B) Jharkhand

(C) West Bengal

(D) Bihar

(E) Chhattisgarh

17. Which of the following terms is not used in Economics?

(A) Demand and Supply

(B) Ad Valoram Tax

(C) Break even

(D) HIV positive

(E) Cost benefit analysis

18. For which one of the following reasons Finance Minister denied entry of NRI funds for infra bonds?

(A) It will bring in more liquidity in the country

(B) NRIs can withdraw their funds any time

(C) It will bring interest burden on the country

(D) It could lead to losses at the time of redemption because of fluctuations in the Indian Currency

(E) None of these

ANSWERS:       1.B       2.B       3.C       4.D       5.C       6.D       7.D       8.D       9.C       10.D     11.C                             12.E            13.A     14.D     15.A     16.A     17.D     18.B

CWE CLERK GK SERIES - 11

1. The largest bank in India is..........?

1) ICICI bank

2) Syndicate Bank

3) Union bank of India

4) Bank of India

5) State Bank of India

2. State bank of India head office is in..........?

1) New Delhi

2) Kolkata

3) Chennai

4) Mumbai

5) Hyderabad

3. Mumbai has the head offices of many Financial Institutes. Which of the following bank/ institute/ PSU do not have the head office in Mumbai?

1) SEBI

2) RBI

3) Bank of Baroda

4) Bank of India

5) IDBI

4. Bank of Baroda, Andhra Bank and L&G(U.K) established 'M/S India Invest'. M/S India Invest is a..........?

1) Real Estate Company

2) Insurance Company

3) Foreign Exchange Office

4) Stock Exchange

5) Savings Plan

5. Insurance Company 'Met Life' has headquarters in..........?

1) Canada

2) Japan

3) England

4) U.S.A

5) Australia

6. Australia based IAG (Insurance Australia Group) and .......... had tie up to do General Insurance business?

1) SBI

2) LIC

3) UTI

4) Reliance Industries

5) Rcom

7. SBI is the largest public sector bank. Which is the second largest public sector bank crossed having of 5,000 branches?

1) Bank of India

2) Bank of Baroda

3) ICICI 4) Punjab National Bank

5) Union Bank of India

8. Punjab National Bank and .......... had tie up together to have Core Banking Solutions (CBS) linking of its Regional Rural Banks (RRB)?

1) NABARD

2) SBI

3) IDBI

4) UTI

5) SBI DHFI

9. NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population?

1) Junior Link Group

2) Join Life Group

3) Joint Line Gauge

4) Joint Liability Group

5) None

10. Joint Liability Groups replicate the..........?

1) Sole Help Group

2) Sole Help Grain

3) Stone Help Group

4) Second Help Group

5) Self Help Group

11. Self Help Groups will be provided with 7 % rate of interest on par with .......... as decided by central government recently?

1) Vehicle Loan

2) Business Loan

3) Home Loan

4) Agriculture Loan

5) All of above

12. Agriculture Loans are called Regulated Loans. Which Deposit is Regulated Deposit other than NRI account?

1) Savings Account

2) Fixed Deposit

3) Current Account

4) Recurring Account

5) Joint Account

13. Savings Deposits cannot be opened/operated by..........?

1) Public Sector Banks

2) Co-operative Banks

3) Foreign Banks

4) Non-Banking Finance Companies

5) Private Sector Banks

14. Non-Banking Companies list given. Pick up wrong one?

1) Sri Ram Finance

2) Mutthoot Finance

3) Manappuram Finance

4) ICICI Bank

5) Margadarsi Finance

15. ICICI is the ..........private bank in India?

1) Second largest

2) Third largest

3) Sixth largest

4) Largest

5) Tenth largest

ANSWERS:       1)5       2)4       3)3        4)2        5)4        6)1        7)4        8)1        9)4        10)5      11)4 12)1          13)4      14)4            15)4

CWE CLERK GK SERIES - 12

1. SBI commercial & International Bank Limited acquired by ………..?

1) Reserve Bank of India

2) Ministry of Commerce

3) SEBI

4) State bank of India

5) None

2. RBI ordered that more than what denomination the Demand Drafts should not be issued against Cash, particularly by RRBs?

1) Rs.1000

2) Rs.10,000

3) Rs.50,000

4) Rs.1,50,000

5)None

3. LIC(Life Insurance Corporation of India) made a pact to issue Credit Cards with ?………..

1) HDFC

2) AXIS Bank

3) Corporation Bank

4) ICICI

5) Andhra Bank

4. Recently EXIM Bank (Export and Import Bank of India) provided $ 20 million line of credit to………..?

1) Switzerland

2) Zimbabwe

3) Swaziland

4) Australia

5) New Zealand

5. Karnataka State Highway improvement project got $ 315 million from ………..?

1) Asian Development Bank

2) World Bank

3) IMF

4) AFD

5) ODA

6. Most active segment of the money market in India is………..?

1) Repo rate

2) Statutory Liquidity Ratio

3) Call money market

4) Certificate of Deposits market

5) Term note market

7. Syndicated loan means ………..?

1) The loan offered to BPL families

2) Loan offered to one bank by different states in India

3) Loan taken by different borrowers from one bank in the single account

4) Loan given by the group of banks to single borrower

5) Loans ban by RBI

8. India signed to get Rs. 1600 cr from German Bank to finance world biggest solar power plants in Dhule district of

1) Andhra Pradesh

2) Karnataka

3) Mysore

4) Maharashtra

5) Goa 

9. $ 200 million will be given to power distribution in Madhya Pradesh by ….

1) World Bank

2) Asian development Bank

3) AFD

4) International Monetary Fund

5) IFC

10. $ 648 million to be provided by world bank to construct 444 MW hydro power project in………..

1) Uttarakhand

2) Uttar Pradesh

3) Assam

4) Goa

5) Rajasthan

11. LIBOR (London Inter bank Offered Rate) being published by………..

1) BSE

2) Thomson Reuters

3) Washington Post

4) New York Times

5) London University

12. Till Kharif 2010, how many farmers covered under National Agriculture Insurance Scheme ………..

1) 20.25 crore

2) 18.65 crore

3) 12.4 crore

4) 9.6 crore

5) 17.14 crore

13. Center for Monitoring Indian Economy estimated 2011-12 fiscal year growth will be…………percent?

1) 5.2

2) 9.1

3) 8.1

4) 10.5

5) 9.5

14. Rastriya Arogya Nidhi available to………..to get medical assistance.

1) The inhabitants of poor states

2) The inhabitants of North eastern states

3) BPL families

4) MGNREGA domestic workers only

5) None

15. Dal Bhat Scheme provides a meal for Rs.5 to poor. This is the scheme of………..?

1) Bihar

2) Tamilnadu

3) Arunachal Pradesh

4) Jharkhand

5) Assam

16. Which state has idea of bringing the federations of Self Help Groups (SHG)?

1) Karnataka

2) Maharastra

3) Andhra Pradesh

4) Tamilnadu

5) Uttar Pradesh

17. The chairman of Parliamentary standing committee on Law and Justice?

1) Murali Manohar Joshi

2) P.C.Chako

3) L.K.Advani

4)Yashwanth Sinha

5) Abhisheik Manu Singhvi

18. On 21 July 2011, for the defense pensioners which scheme launched?

1) Sudha

2) Suvidha

3 ) Sugam

4) Saral

5) Sangam

19. International Atomic Energy Agency was invited by India to visit ……….. Nuclear plant recently?

1) Apsara

2) Druva

3) Kalpakam

4) Jaitapur

5) None

20. Kaveri Engine to be used in light combat aircraft ( LAC). This engine to be developed with the aid of………..?

1) France

2) USA

3) UK

4) Germany

5) Japan

 ANSWERS:      1)4        2)3        3)2       4)3        5)1        6)3       7)4        8)4        9)2        10)1     11)2 12)5           13)3      14)3      15)4      16)3      17)5     18)5      19)4      20)1

LATEST GK POSTED ON 17 NOV

Financial Abbreviations and Acronyms in India

Abbreviation                Definition

AD                               Authorized Dealer

ADB                             Asian Development Bank

ADR                             American Depository Receipt

AFS                              Annual Financial Statement

AGM                             Annual General Meeting

AIRCSC                        All India Rural Credit Survey Committee

ARIMA                          Auto-Regressive Integrated Moving Average

AFS                              Available For Sale

ASSOCHAM                 Associated Chambers of Commerce and Industry of India

ATM                             Asynchronous Transfer Mode

ATM                             Automated Teller Machine

BIS                               Bank for International Settlements

BOI                               Bank of India

BoP                              Balance of Payments

BSE                             Bombay Stock Exchange

BSR                             Basic Statistical Returns

CAD                             Capital Account Deficit

CAG                             Controller and Auditor General of India

CBS                             Consolidated Banking Statistics

CC                                Cash Credit

CD                               Certificate of Deposit

CD Ratio                       Credit Deposit Ratio

CDBS                           Committee of Direction on Banking Statistics

CF                                Company Finance

CFRA                           Combined Finance and Revenue Accounts

CGRA                           Currency and Gold Revaluation Account

CII                                Confederation of Indian Industries

CO                               Capital Outlay

CP                                Commercial Paper

CPI                               Consumer Price Index

CPI-IW                          Consumer Price Index for Industrial Workers

CR                                Capital Receipts

CRAR                           Capital to Risk Weighted Asset Ratio

CRR                             Cash Reserve Ratio

CSIR                             Council of Scientific and Industrial Research

CSO                             Central Statistical Organisation

CVC                             Central Vigilance Commission

DAP                             Development Action Plan

DBOD                          Department of Banking Operations and Development

DCA                             Department of Companies Affairs

DCB                             Demand Collection and Balance

DCCB                           District Central Cooperative Bank

DCM                             Department of Currency Management

DD                               Demand Draft

DDS                             Data Dissemination Standards

DEIO                            Department of External Investments and Operations

DESACS                      Department of Statistical Analysis & Computer Services

DGBA                           Department of Government and Bank Accounts

DGCI&S                        Directorate General of Commercial Intelligence and Statistics

DI                                 Direct Investment

DICGC                          Deposit Insurance and Credit Guarantee Corporation of India

DID                              Discharge of Internal Debt

DMA                             Departmentalized Ministries Account

DRI                               Differntial Rate of Interest Scheme

DSBB                           Dissemination Standards Bulletin Board

DVP                             Delivery versus Payment

ECB                             External Commercial Borrowing

ECB                             European Central Bank

ECGC                           Export Credit and Guarantee Corporation

ECS                             Electronic Clearing Scheme

EDMU                          External Debt Management Unit

EEA                             Exchange Equalization Account

EEC                             European Economic Community

EEFC                           Exchange Earners Foreign Currency

EFR                              Exchange Fluctuation Reserve

EPF                              Employees Provident Fund

ETF                              Exchange Traded Fund

EUR                             Euro

EXIM                            Bank Export Import Bank of India

FC                                Finance Commission

FCCB                           Foreign Currency Convertible Bond

FCNR(B)                       Foreign Currency Currency Non-Repatriable(Banks)

FCNRA                         Foreign Currency Currency Non-Repatriable Account

FDI                               Foreign Direct Investment

FEMA                           Foreign Exchange Management Act

FI                                 Financial Institution

FICCI                            Federation of Indian Chambers of Commerce and Industry

FII                                 Foreign Institutional Investor

FIMMDA                       Fixed Income Money Market and Derivatives Association of India

FISIM                            Financial Intermediation Services Indirectly Measured

FPI                               Flow Of Funds

FRA                              Foreign Portfolio Investment

FRBM                           Forward Rate Agreement

FRN                              Fiscal Responsibility and Budget

FWG                             First Working Group on Money

FX                                Foreign Exchange

GDP                             Gross Domestic Product

GDR                             Global Depository Receipt

GFD                             Gross Fiscal Deficit

GFS                             Government Finance Statistics

GIC                               General Insurance Corporation

GLS                              Generalized Least Squares

GNIE                            Government Not Included Elsewhere

GoI                               Government of India

GPD                             Gross Primary Deficit

G-Sec                           Government Securities

HDFC                           Housing Development Finance Corporation

HFT                              Held For Trading

HICP                             Harmonised Index of Consumer Prices

HO                               Head Office

HUDCO                        Housing & Urban Development Corporation

IBRD                            International Bank Reconstruction and Development

IBS                               International Banking Statistics

ICAR                             Indian Council of Agricultural Research

ICICI                             Industrial Credit and Investment Corporation of India

ICMR                            Indian Council of Medical Research

IDB                               India Development Bonds

IDBI                              Industrial Development Bank of India

IDD                              Industrial Development Department

IDFC                             Infrastructure Development Finance Corporation

IFAD                             International Fund for Agricultural Development

BAKING TERMINOLOGY

Accrued interest: Interest due from issue date or from the last coupon payment date to the settlement date. Accrued interest on bonds must be added to their purchase price.

Arbitrage: Buying a financial instrument in one market in order to sell the same instrument at a higher price in another market.

Ask Price: The lowest price at which a dealer is willing to sell a given security.

Asset-Backed Securities (ABS): A type of security that is backed by a pool of bank loans, leases, and other assets. Most ABS is backed by auto loans and credit cards – these issues are very similar to mortgage-backed securities.

At-the-money: The exercise price of a derivative that is closest to the market price of the underlying instrument.

Basis Point: One hundredth of 1%. A measure normally used in the statement of interest rate e.g., a change from 5.75% to 5.81% is a change of 6 basis points.

Bear Markets: Unfavorable markets associated with falling prices and investor pessimism.

Bid-ask Spread: The difference between a dealer’s bid and ask price.

Bid Price: The highest price offered by a dealer to purchase a given security.

Blue Chips: Blue chips are unsurpassed in quality and have a long and stable record of earnings and dividends. They are issued by large and well-established firms that have impeccable financial credentials.

Book Value: The amount of stockholders’ equity in a firm equals the amount of the firm’s assets minus the firm’s liabilities and preferred stock.

Broker: Individuals licensed by stock exchanges to enable investors to buy and sell securities.

Brokerage Fee: The commission charged by a broker.

Bull Markets: Favorable markets associated with rising prices and investor optimism.

Call Option: The right to buy the underlying securities at a specified exercise price on or before a specified expiration date.

Callable Bonds: Bonds that give the issuer the right to redeem the bonds before their stated maturity.

Capital Markets: The market in which long-term securities such as stocks and bonds are bought and sold.

Certificate of Deposits (CDs): Savings instrument in which funds must remain on deposit for a specified period, and premature withdrawals incur interest penalties.

Closed-end (Mutual) Fund: A fund with a fixed number of shares issued, and all trading is done between investors in the open market. The share prices are determined by market prices instead of their net asset value.

Collateral: A specific asset pledged against possible default on a bond. Mortgage bonds are backed by claims on property. Collateral trusts bonds are backed by claims on other securities. Equipment obligation bonds are backed by claims on equipment.

Commercial Paper: Short-term and unsecured promissory notes issued by corporations with very high credit standings.

Common Stock: Equity investment representing ownership in a corporation; each share represents a fractional ownership interest in the firm.

Compound Interest: Interest paid not only on the initial deposit but also on any interest accumulated from one period to the next.

Contract Note: A note which must accompany every security transaction which contains information such as the dealers name(whether he is acting as principal or agent) and the date of contract.

Controlling Shareholder: Any person who is, or group of persons who together are, entitled to exercise or control the exercise of a certain amount of shares in a company at a level (which differs by jurisdiction) that triggers a mandatory general offer, or more of the voting power at general meetings of the issuer, or who is or are in a position to control the composition of a majority of the board of directors of the issuer.

Convertible Bond: A bond with an option, allowing the bondholder to exchange the bond for a specified number of shares of common stock in the firm. A conversion price is the specified value of the shares for which the bond may be exchanged. The conversion premium is the excess of the bonds value over the conversion price.

Corporate Bond: Long-term debt issued by private corporations.

Coupon Frequency: The number of coupon payments per year.

Coupon Rate: The annual rate of interest on the bonds face value that a bonds issuer promises to pay the bondholder. It is the bonds interest payment per dollar of par value.

Covered Warrants: Derivative call warrants on shares which have been separately deposited by the issuer so that they are available for delivery upon exercise.

Credit Rating: An assessment of the likelihood of an individual or business being able to meet its financial obligations. Credit ratings are provided by credit agencies or rating agencies to verify the financial strength of the issuer for investors.

Currency Board: A monetary system in which the monetary base is fully backed by foreign reserves. Any changes in the size of the monetary base has to be fully matched by corresponding changes in the foreign reserves.

Current Yield: A return measure that indicates the amount of current income a bond provides relative to its market price. It is shown as: Coupon Rate divided by Price multiplied by 100%.

Custody of Securities: Registration of securities in the name of the person to whom a bank is accountable, or in the name of the banks nominee; plus deposition of securities in a designated account with the banks bankers or with any other institution providing custodial services.

Default Risk: The possibility that a bond issuer will default ie, fail to repay principal and interest in a timely manner.

Derivative Call (Put) Warrants: Warrants issued by a third party which grant the holder the right to buy (sell) the shares of a listed company at a specified price.

Derivative Instrument: Financial instrument whose value depends on the value of another asset.

Discount Bond: A bond selling below par, as interest in-lieu to the bond holders.

Earnings: The total profits of a company after taxation and interest.Earnings per Share (EPS): The amount of annual earnings available to common stockholders as stated on a per share basis.

Earnings Yield: The ratio of earnings to price (E/P). The reciprocal is price earnings ratio (P/E).

Equity: Ownership of the company in the form of shares of common stock.

Equity Call Warrants: Warrants issued by a company which give the holder the right to acquire new shares in that company at a specified price and for a specified period of time.

Ex-dividend (XD): A security which no longer carries the right to the most recently declared dividend or the period of time between the announcement of the dividend and the payment (usually two days

before the record date). For transactions during the ex-dividend period, the seller will receive the dividend, not the buyer. Ex-dividend status is usually indicated in newspapers with an (x) next to the stocks or unit trusts name.

Face Value/ Nominal Value: The value of a financial instrument as stated on the instrument. Interest is calculated on face/nominal value.

Fixed-income Securities: Investment vehicles that offer a fixed periodic return.

Fixed Rate Bonds: Bonds bearing fixed interest payments until maturity date.

Floating Rate Bonds: Bonds bearing interest payments that are tied to current interest rates.

Fundamental Analysis: Research to predict stock value that focuses on such determinants as earnings and dividends prospects, expectations for future interest rates and risk evaluation of the firm.

Future Value: The amount to which a current deposit will grow over a period of time when it is placed in an account paying compound interest.

Future Value of an Annuity: The amount to which a stream of equal cash flows that occur in equal intervals will grow over a period of time when it is placed in an account paying compound interest.

Futures Contract: A commitment to deliver a certain amount of some specified item at some specified date in the future.

Hedge: A combination of two or more securities into a single investment position for the purpose of reducing or eliminating risk.

Income: The amount of money an individual receives in a particular time period.

Index Fund: A mutual fund that holds shares in proportion to their representation in a market index, such as the S&P 500.

Initial Public Offering (IPO): An event where a company sells its shares to the public for the first time. The company can be referred to as an IPO for a period of time after the event.

Inside Information: Non-public knowledge about a company possessed by its officers, major owners, or other individuals with privileged access to information.

Insider Trading: The illegal use of non-public information about a company to make profitable securities transactions

GK-POSTED 17 NOV 

1. The main aim of Commercial bank is........?

1) To help the people

2) To lend the agriculture sector

3) To provide free drafts to the business man

4) To establish ATMs

5) To earn profit

2. The commercial bank may  be .........?

1) Private Bank  

2) Public Sector Bank

3) Foreign Bank  

4) Urban Bank

5) Any bank

3. Which among the following is not a commercial bank?

1) SBI

2) ICICI

3) NABARD

4) HDFC      

5) Citi Bank

4. In the commercial bank the government share ........?

1) must be 10 %

2) must not be less than 49 %

3) must be nil

4) may be any percent

5) must be least 51 %

5. License for Commercial banks given by ?........

1) SEBI 

2) RBI

3) Ministry of Finance

4) Ministry of Trade and Commerce

5) CDSL

6. On 30th June 2011,  RBI in a notification said the total foreign banks working in India are?........

1)14

2) 25   

3) 33   

4) 51 

5) 37

7. The highest number of branches hold by a foreign bank in India is ........It is having 96 branches?

1) HSBC

2) Citi Bank 

3) RBS

4) Deutsche Bank 

5) Standard Charted bank

8. On 30th August, RBI said the new private banks should not have more than ........percent of foreign holding?

1) 51

2) 50

3) 90     

4)15

5) 49

9. On 9th September 2011,........got Rs. 1400 cr from HDFC to build Data centre?

1) Tata Tele

2) Vodafone

3) Idea Cellular

4) Bharati Airtel

5) Reliance Communications

10. Banking Sector belongs to ........?

1) Agriculture    

 2) Service

3) Industrial

4) Core            

5) Miscellaneous

11. World's largest bank by profit?

1) Citi Bank

2) ANZ bank

3) ICBC

4) RBS

5) SBI

12. On 2nd September 2011, ICICI opened its second branch in ........ after getting Qualifying Full Banking privilege?

1) Malyesia      

2) USA

3) Australia

4) Myanmar

5) Singapore

13. Expand NOHC?

1) No Operative Holding Company

2) Nice Operative Holding Company

3) No Operations Holding Company

4) New Operative Holding Company

5) Non-Operative Holding Company

14. Biggest lender in Switzerland, UBS promoted ........ as head of its investment banking unit in India?

1) Deepak Parekh 

2) Ashok Mittal

3) Babi Zindal

4) Chanda Kocchar

5) Vikram Pandit

15. Foreign Banks list given in India. Pick the wrong combination (according to their incorporation)?

1) AB Bank Ltd-Pakistan

2) Royal Bank of Scotland-Netherlands

3) Abu Dhabi Commercial Bank Ltd-UAE

4) American Express Banking Corporation USA

5) Antwerp Diamond Bank-Belgium

16. DBS bank limited has a branch in India. Its head office is in ........

1) Hongkong

2) USA

3) Germany

4) Singapore

5) Japan

17. As per World bank report by 2025 6 economies in the world contribute more than half of all global growth. They are China, Brazil, Indonesia, South Korea, Russia and ........?

1) India

2) Pakistan      

3) Iran

4) Saudi Arabia

5) Australia

18. ........cannot be accepted as the deposit in the bank?

1) Cash            

2) Cheque     

3) Silver

4) Gold

5) Demand Draft

19. On October 4, 2011 Moody's - one of the big three rating agencies downgraded SBI rating from C minus to ........?

1) D minus      

2) E plus

3) D minus

4) FF

5) D Plus

20. The place of trading in money and shortterm financial assets that are 'close substitute to money' is called ........?

1) Call Market

2) Share buying Market

3) Viable Market

4) Fixed Market

5) Money Market

21. New issue of shares are made in ........?

1) Secondary Market

2) On line Secondary market

3) SENSEX market

4) Primary Market

5) None

22. Capital Market divided in to ........?

1) Secondary Market and Bull Market

2) Bull Market and Bell Market

3) Primary Market and Secondary Market

4) Primary Market and Government Bond Market

5) All of above

23. Secondary Market regulated by ........?

1) RBI

2) TRAI

3) NABARD

4) SEBI           

5) All of above

24. Rights issue mean........?

1) New shares cannot be issued to old share holders

2) Old shares can be exchanged with new shares

3) Sale of securities to existing share holders

4) Sale of securities to old share holders

5) None

25. The term not used in Secondary Market?

1) Bull

2) Badla   

3) Settlement Day

4)SENSEX   

5)IPO    

ANSWERS:       1)5        2)5        3)3        4)4        5)2        6)5        7)5       8)5        9)5        10)2      11)3                              12)5             13)5      14)2      15)1      16)4      17)1      18) 3     19)5      20)5      21)4      22)3                              23)4      24)3             25)5 

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