current g.k

The venue of 4th SAARC Folklore and Heritage Festival to be held from September 30
Agra
The team which has won the Federation Cup 2011 by defeating East Bengal in the finals
Salgaocar
The recipient of 2011 Right Livelihood Award for his outstanding success in the development and mass-deployment of cutting-edge technologies for harnessing solar energy
Huang Ming (China)
The experimental module, the first of series in China's programme to finally launch a space station, launched by China from the Jiuquan launch centre on 29 Sep 2011 is named
Tiangong - I
The venue of 1st Asian Men Circle Style Kabbadi Championship which India won defeating Pakistan in the finals
Tabriz in Iran
The typhoon which lashed Luzon, the main island of Phillipines on Sep 28, 2011. The typhoon later moved on to China and Vietnam.
Typhoon Nesat
The East Bengal footballer who has been awarded the Fan’s Player of the Year and also the FPAI Player of the Year 2011 by Football Players Association of India
Mehtab Hossain
The variety of fish which has been declared to the official fish of Madhya Pradesh by its Chief Minister
Mahaseer
The ship carrying valuable silver from India which was destroyed by the Germans during World War II and whose wreckage has been discovered in North Atlantic was named
SS Gairsoppa
The chemical which, (originally used to preserve dead bodies in mortuaries), has been found to be used to preserve fish during transportation by unscrupulous businessmen in Punjab
Formalin
The country which has granted its women citizens the right to vote and contest in elections for the first time
Saudi Arabia
The 2004 Nobel Peace Prize winner, Wangari Maathai, who died on 25 Sep belonged to
Kenya
India's most expensive living artist whose untitled painting sold for a record high of Rs. 7.19 crore
Tyeb Mehta
The author of the controversial book Controversially Yours
Shoaib Akhtar
The venue of 8th International Abilympics, a vocational skill competition among the person with disability
Seoul, Korea
A herbal formulation named Perfomax to improve physical and mental performance in High Altitude and Hypoxic Conditions has been developed by
DRDO
Sathyamangalam forest which has recently been declared a wildlife sanctuary is located in
Tamilnadu
The typhoon which struck Japan on 21 Sep 11, killing people and disrupting public transportation in northeastern Japan including the tsunami-crippled Fukushima was named
Typhoon Roke
The state which has become the first state in the country to have launched Swarnajayanti Aarogya Bima Yojana providing health insurance cover for the entire resident population of the state
Goa
The Hindi authors who have been chosen for Jnanpith Award 2009
Amar Kant and Shrilal Shukla
The Kannada author who has been chosen for Jnanpith Award 2010
Chandrasekhar Kambar
The new and the first woman Prime Minister of Denmark
Helle Thorning-Schimdt
The new President of Board of Cricket Control of India
N Srinivasan
The largest ever joint naval exercise between India and Sri Lanka being conducted off the coast of Trincomalee is code-named
SLINEX II
The singer who has been conferred the Viswavikhyata Sangeetha Kala Saraswathi award by the T Subbarami Reddy Lalithakala Parishat
P Susheela
The company which has been awarded the Rajiv Gandhi Award for Clean Technology for the year 2009-10
Lanco Tanjore Power Co. Ltd
The state which has resorted to culling of birds to prevent spread of avian flu reported in some of its districts
Assam
The country which has become the 62nd nation to ratify the Convention on Cluster Bombs
Afghanistan
The bio-diversity hot spot region in India where 12 new species of frogs have been discovered by the researchers from Bombay Natural History Society, the Zoological Survey of India and Belgium''s Vrije University
Western Ghats
Scrub Typhus which has taken the lives of at least 12 people in Himachal Pradesh is caused by the bite of an infected
mite
Marcoule nuclear processing plant which witnessed an explosion resulting in death of 1 person and injury of 3 others is located in
France
Gautam Rajadhyaksha who passed away on 13 Sep 2011 was a renowned
Photographer
Miss Leila Lopes who was crowned Miss Universe 2011 at the pagaent held Sao Paulo, Brazil belongs to
Angola
The first aircraft developed by Mahindra Aerospace (which made its maiden flight in Sep 11) in partnership with CSIR-Nal and GippsAero is named
C-NM5
The company which has been awarded the Indira Gandhi Rajbhasha Shield for effective implementation of Official language Hindi
Rashtriya Ispat Nigam Ltd
The team which topped the medals tally at the 51st National Open Athletics Championship with 17 gold, 13 silver and 8 bronze
Railways
The venue of 51st National Open Athletics Championship held in Sep 2011
Kolkata
According to America's Census Bureau's annual report for 2010 released recently the overall percentage of poverty in the USA is
15.1% or 46.2 million
The sportspersons who have been conferred the rank of honorary Lieutenant Colonel in the Territorial Army by President Pratibha Patil
MS Dhoni and Abhinav Bindra
The Indian cricketer who has been awarded the International Cricket Council's Spirit of Cricket Award 2011. See all ICC Awards here
MS Dhoni
The Serbian tennis player who has won the US Open 2011 Men's singles title
Novak Djokovic
The Australian tennis player who has won the US Open 2011 Women's singles title
Samantha Stosur
The place at which Oceansat-2 ground station (data reception and processing system) has been set up to receive and process data from Ocean Colour Monitor on-board the Indian Remote Sensing Satellite Oceansat-2
Indian National Centre for Ocean Information Services (Incois), Hyderabad
The new Chief Minister of Uttarakhand replacing Ramesh Pokhriyal Nishank
BC Khanduri
The state which has been awarded the Decadal Literacy Award for achieving highest decadal growth in literacy rate in the country
Bihar
The venue of cultural programme "Remembering Tagore" held to commemorate the 150th Birth Anniversary of Gurudev Rabindranath Tagore.
UNESCO HQs, Paris
NASA on Sep 10, 2011 launched a pair of washing-machine-sized satellites on a mission to map the Moon's inner core for the first time. The spacecrafts are named
GRAIL-A and GRAIL-B
The country which has won the Women's Asian Champions Trophy defeating China in the final at Ordos, China. Japan defeated India to take the 3rd place.
South Korea
This country's National Institute for the Education of Adults has been awarded the 2011 UNESCO King Sejong Literacy Prize for its Bilingual Literacy for Life Programme
Mexico
This country's National Literacy Service was awarded the 2011 UNESCO King Sejong Literacy Prize for its National Literacy Programme
Burundi
The organisation which has developed Lukoskin, a herbal product for Leucoderma
Defence Institute of Bio-energy Research (DIBER) under DRDO
The country which topped the medals tally at the World Athletics Championships in Daegu, South Korea. See more on the event
United States of America
The Jamaican athlete who won the men's 100 meters event at the World Athletics Championships in Daegu, South Korea after Usain Bolt was disqualified for a false start
Yohan Blake
The rank of India in The Global Competitiveness Index rankings published by World Economic Forum recently
56
The country which ranks first in The Global Competitiveness Index rankings as per the report of 2011-2012 published by World Economic Forum recently
Switzerland
The statutory body of Min. of Environment and Forests, which has been selected for Chief Dave Cameron Award 2010 for excellence in Environmental Crimes Enforcement and Education by the International Association of Chiefs of Police (IACP)
Wildlife Crime Control Bureau (WCCB)
The Typhoon that recently lashed Japanese island of Shikoku and Honshu
Talas
Venue of first ever World Gaming Festival to be held from Sep 23
Goa
Jhangir Sabavala, who passed away on Sep 2 was a renowned
Painter
The Indian who has been recently awarded the Special Book Award, China's highest literary award
Prof BR Deepak
The venue of 71st World Congress of Pharmacy and Pharmaceutical Sciences to be held from September 3rd
Hyderabad

BANKING AWARENESS PRACTICE QUESTIONS

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 pre- shipment 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 him also 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
96. The banker-customer relationship in credit card payment is?
a) Creditor-debtor
b) Debtor-creditor
c) Agent principal
d) Principal-agent
97. The base rate is set by?
a) Individual banks
b) RBI
c) Government of India
d)RBI in consultation with Government
98. State Bank of India's new floating rate of deposit is directly linked to?
a) Inflation Rate
b) BPLR
c) Base Rate
d) BankRate
99. Six private sector banks were nationalised on April 15, 1980, whose reserves were more than?
a) 100 Crores
b) Rs. 200 crores
c) 300 crores
d) 400 crores
100. Security printing press was established in 1982 at?
a) Kolkata
b) New Delhi
c) Bombay
d) Hyderabad
Answers
1) d 2) c 3) d 4) d 5) d 6) c 7) b 8) d 9) a 10) c
11) 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) d
31) 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 96) b 97) a 98) c 99) b 100) d

july current affairs

English Quiz

1) Contrary to popular opinion, bats are not generally_________ and rabid; most of them are shy and _____.

(1) dangerous .... harmless

(2) pernicious .... diffident

(3) aggressive .... innocuous

(4) contumacious .... nascent

(5) violent .... retiring

2) Anyone who is absolutely _____ and sensible is _____; so too is anyone who  is  completely confident and too certain about everything,  at  every occasion, everywhere.

(1) untainted . . . . irrational

(2) carefree . . . . charming

(3) ethical . . . . exalted

(4) scrupulous . . . . winsome

(5) calm . . . . unusual

3) By persuading ourselves that we can achieve _____ through unrestrained consumption and luxury, we are deceived into  ____  our  bejewelled freedom for the glass beads of conformity.

(1) success . . . . bartering

(2) contentment . . . . renouncing

(3) happiness . . . . sacrificing

(4) freedom . . . . surrendering

(5) satisfaction . . . . befriending

4) Social circumstances that _____ the individuals' impulses and deny them expressions  are those conditions  which  also  injure  them  and  ____  their efforts.

(1) stifle . . . undermine

(2) tarnish . . . destroy

(3) discourage . . . endanger

(4) silence . . . harm

(5) thwart . . . accommodate

5) Far  from  living  as  _____  in  the  world  as  the  leaf  that  moves  with  the ripples of a stream, the _____ is dedicated to an appalling life-long war against inner spirit and life, with destruction and misery guaranteed.

(1) harmoniously . . . hedonist

(2) flexibly . . . provincial

(3) progressively . . . saviour

(4) cohesively . . . sceptic

(5) flippantly . . . misogamist

6) Modern  men  and  women  who  insist  that  they  feel  completely  _____  in their work, are in fact, acknowledging the triumph of _____, which lies in the crushing of all experience of conflict.

(1) bound . . . eccentricity

(2) secure . . . conformity

(3) sedulous . . . conventionality

(4) engrossed . . . rebellion

(5) committed . . . routine

7) The telecom minister had been indicted by the Supreme court in the 2G spectrum scam,which resulted in a loss of about $1.7 trillion to the exchequer.

1)  had been indicted  by the Supreme  court  in  the  2G  spectrum  scam, which resulted

2)  has been indicted  in the 2G  spectrum scam by  the  Supreme court, which resulted

3)  has been indicted  by  the Supreme court  in the 2G  spectrum scam, which resulted

4)  is indicted by the Supreme court in the 2G spectrum scam that resulted

5)  has been indicted by the Supreme court in the 2G spectrum scam, resulting

8)  Public companies will be required to raise their governance game if they want to be able to compete against private firms.

1) Public companies will be required to raise their governance game if they want to be able to compete against private firms

2)  Public companies should raise their governance game if they wish to compete with private firms

3)  Public  companies  would  need  to  raise  their  governance  game  if  they  wish  to compete against private firms

4)   Public companies have  to need to  raise their governance game if they are to be in competition with private firms

5) Public companies will need to raise their governance game if they are to compete with private firms

9) It's  very  important  for  CEOs,  board  members,  and  other  nonfinancial  executives  to internalize  the  principles  of  value  creation  because  doing  it  allows  them  to  make independent, courageous, and even unpopular business decisions.

1)  because doing it allows them to make independent,  courageous,  and even unpopular business decisions

2)  because doing  that allows them  to  make  independent,  courageous,  but  even unpopular business decisions

3)  because doing so allows them to make independent, courageous, and even unpopular business decisions

4)  because doing so allow him  to make independent,  courageous,  and even unpopular business decisions

5)   because doing these allows them to make independent, courageous,  as well as unpopular business decisions

10) Though the concert had been enjoyable, it was protracted overly.

1)  it was overly protracted

2)  it overly protracted

3)  it protracted overly

4)  it got protracted overly

5)  it has got protracted overly

Quant Quiz

1. 1274 * 165 - 3215 = ? + 3261
(1) 203635
(2) 204734
(3) 203735
(4) 203734
(5) None of these

2. (17.3)­­­­² + (37.2)² – (32.6)² = ? + 437.21
(1) (12.8)²
(2) 183.16
(3) 153.14
(4) 164.16
(5) None of these
3. (14/39 * 117/154) / (78/88 + 15/78)  = ?
(1) 1/3
(2) 0.75
(3) 1.5
(4) 0.5
(5) None of these
4. [ (7√2 + 9√2) * (4√2 + 11√2) – 257 = ?
(1) 29√2 
(2) 17√2
(3) 223
(4) 184
(5) None of these

5. √9216 * √2601 – (43)² = √? + (55)²
(1) 484
(2) 361
(3) 784
(4) 632
(5) None of these

5. The sum of four consecutive even numbers is 260. What would be the smallest number?

(1) 60

(2) 64

(3) 62

(4) 66

(5) 70

6. The marked price of an article is Rs. 680. After two successive discounts it is sold for Rs. 408 if the first discount is 25 % then the rate of second discount is

(1)15%

(2) 20 %

(3) 30 %

(4)25 %

(5) None of thes

7. If 5 litres of water are evaporated on boiling from 20 litres of salt solution containing 20 percent salt. The percentage of salt in the remaining solution is

(1) 26.67

(2) 22.5

(3) 24.33

(4) 13

(5) None of these

8. A cistern is half full of water. Pipe A can fill the remaining part in 3 minutes and pipe B in 5 minutes. Once the cistern is emptied, how much time will they take to fill it together completely?

(1) 3 minutes

(2) 3 min, 30 sec  

(3) 3 min, 45 sec 

(4) 4 min

(5) None of these

9. Volume of two cones are in the ratio 1 : 4 and their diameters are in the ratio 4 : 5. The ratio of their height is

(1) 1: 5

(2) 5: 4

(3) 5: 16

(4)  25 :64

(5) None of these

Study the following information and answer the questions given below.

The following Bar graph gives information about the sales of six companies A, B, C, D, E and F in three years 2008, 2009 and 2010 in Rs (crores).

10. Which of the following garment companies has a fluctuating sales figure over the given period?

(1) E

(2) F

(3) D

(4) C

(5) B

11. What is the total percentage increase(approx)  in the sale of garments of company A in 2010 with respect of 2009?

(1) 13% fall

(2) 25% rise

(3) No change

(4) 21% increase

(5) 17.5% decrease

12. For the total 3-year period under consideration, the nearest competitor of A is:

(1) C

(2) D

(3) B

(4) F

(5) None of these

13. For the years 2008 and 2009, which company has the minimum rate of change of sales?

(1) F

(2) E

(3) A

(4) C

(5) None of these

14.  What is average (approx) sale of all companies in 2009?

(1) 109

(2) 116

(3) 103

(4) 94

(5) 123

ANSWERS
1. 4
2. 2
3. 4
4. 3
5. 1
6. (3)
Let the numbers be x, x+2, x+4 and x+6. Now
x + (x+2) + (x+4) + (x+6) = 260
x = 62
7. (2) Original Price = 680
Price after first discount = 0.75 * 680 = 510
Second discount = (510 - 408)/510 = 20%
8. (1)
Amount of salt in original solution = 20% of 20 = 4
Percentage of salt in new solution = 4/15 = 26.67%
9. (3)
Pipe A and B can fill half the tank in 3 minutes and 5 minutes, So they can fill the empty tank in 6 min and 10 min respectively.
Time taken by them to fill the empty tank together = (6*10)/(6+10) = 3 min 45 sec
10. (4) Ratio of heights = (V1/V2) * (r2/r1)^2 =  = 25 : 64
10. (5)
The sales of companies A, C, D and E is always increasing while sales of company F is always decreasing. Only company B has fluctuating sales figures.
11. (4)
Required percentage = (160 - 132)/ 132 * 100 = 21.2%
12. (3)
Total sale of Company A= 380
Total sale of Company B=332
Total sale of Company C=306
Total sale of Company D=302
Total sale of Company E=206
Total sale of Company F=232
13. (1)
From the graph, we can say that the sales of F in 2008 and 2009 has minimum difference and also minimum rate of change.
14. (1) Required average = (132+136+114+114+80+80)/6 = 109.33 

****Important general knowledge questions about Banks****

****Important general knowledge questions about Banks****

1. Which is the First Bank in India ?
Answer: Bank of Hindustan
2. Which is the first Bank managed by Indians ?
Answer: Oudh Commercial Bank
3. Which is the first bank started with Indian capital (Indian owned bank) ? Answer: Punjab National Bank
4. Which is the first foreign Bank in India ?
Answer: Chartered Bank
5. Which is the first bank to get ISO certificate ?
Answer: Canara Bank
6. Which is the first bank in India to start its branches outside India ? Answer: Bank of India
7. Which is the first bank in India to introduce ATM ?
Answer: H.S.B.C bank
8. Which is the oldest public bank in India ?
Answer: Allahabad Bank
9. Which is the paper used for making Indian currency ?
Answer: Rag
10. The currency of IMF is known as ?
Answer: SDR (Special Drawing Rights)
11. Which is known as Artificial currency or Paper Gold ?
Answer: SDR

Abbreviation of major IT companies

~~~ Abbreviation of major IT companies ~~~
**********************************
GOOGLE :- Global Organisation of Oriented Group Language of Earth
APPLE :- Asian Passenger Pay Load Experiment
HP :- Hewlett - Packard
IBM :- International Business Machines Corporation
HCL :- Hindustan Computer Limited
WIPRO :- Western India Product Limited
GE :- General Electronics
INFOSYS :- Information System
TCS :- Tata Consultancy Services
AOL :- American Online
BPL :- British Process Laboratory
INTEL :- Integrated Electronics
CISCO :- Computer Information System Company
DELL :- michael DELL
SONY :- Sound Of New York
AMD :- Advance Micro Devices
LENOVO :- LE (Legend), NOVO (New)
COMPAQ :- Compatibility And Quality
***********************************