General Awareness(with special reference to Banking Industry) Banking Awareness or Banking Aptitude Online Mock Test – Question Answers for Sarkari Naukri Exam . This mock test having 40 questions in Banking Aptitude, with four choices. On each click on answers system will tell you where the answers is correct or incorrect. You can view this Banking Awareness test question details at the end of the quiz.
Banking Awareness Online Mock Test
Banking Awareness Online Mock Test – Question Answers
Banking Awareness questions answers are applicable for any kind of Banking related exam preparation in India like SBI, IBPS and other. You can practice as much as you can to gather knowledge of how to answers Banking Aptitude critical type papers in short time and this can be a big factor for cracking all India level exam. Try Other Online Mock Test Free.
Banking Awareness Question Answers
Question 1 |
The price at which the Govt. Purchases food grain for maintaining the public distribution system is known as:
Ceiling prices | |
Procurement price | |
Minimum Price | |
Issue Price |
Question 2 |
Hypothecation is:
A transaction of conditional sale | |
A legal transaction whereby goods may be made available as security for a debt | |
Transfer of ownership by the borrower to the lender | |
Either a or b |
Question 3 |
Locate the wrong Award?
World's best Airline-Qatar Airways | |
Air India got second best Airline | |
Air Asia won the best Low-Cost Air line Award | |
Nordic Carriew Finnair bagged the Best Airline award in customer satisfaction award |
Question 4 |
Best performing state award for wheat for 2010-11 got by .........?
Punjab | |
Haryana | |
M.P. | |
Odisha |
Question 5 |
Rogers cup winner is ............?
Maria Sharapova | |
Venus William | |
Serena Williams | |
Sania Mirza |
Question 6 |
. Which among the following is not a part of Institutional Banking?
Commercial banks | |
Private Banks | |
Money Lenders | |
Co-operative Banks |
Question 7 |
Keri Anne Payne belongs to .........?
Acquatics | |
polo | |
Cricket | |
Volleyball |
Question 8 |
. ............is the new corporate affairs minister?
Anand Sharma | |
Chidambaram | |
Manmohan Singh | |
Veerappa Moily |
Question 9 |
AUsance Bill when presented for acceptance has to be accepted/ dishonoured within:
24 hours | |
36 hours | |
48 hours | |
60 hours |
Question 10 |
On 29 August 2011, RBI issued Draft guidelines regarding the Licensing of New Banks in the Private Sector. Find out one not among them?
Entities having the share of 10 percent or more source of income from the construction sector/real estate not eligible to open new private banks | |
New banks will be set up through a wholly owned Non-Operative Holding Company (NOHC) | |
Minimum capital requirement will be 500 crore | |
The aggregate non-resident share holding in the new bank shall not exceed 74 percent for the first 5 years
|
Question 11 |
The expansion of BIFR, in the context of the Indian Industry is:
Board for Industrial and Financial Reconstruction | |
Bureau for Industrial and Financial Reconstruction | |
Board for Investment and Financial Reconstruction | |
Bureau for Investment and Financial Reconstruction |
Question 12 |
In the matter of handling bills of exchange for collection, the relationship between customer and
the bank is:
Trustee and the beneficiary | |
Principal and agent | |
Bailor and bailee | |
All of the above |
Question 13 |
On 8 July 2011, the Central Government issued the new series of coins with improved design and revised size. The coins are .....?
25 Paise, one rupee, two rupee, five rupee and ten rupee | |
one rupee, two rupee, five rupee and ten rupee | |
one rupee, two rupee, five rupee and hundred rupee | |
50 Paise, one rupee, two rupee, five rupee and ten rupee |
Question 14 |
Hurricane Irene disturbed .........?
India | |
Pakistan | |
USA | |
Australia |
Question 15 |
Expand EASIEST?
Electronic Account System in Excise and Service Tariff | |
Electric Accounting System in Excise and Service Tax | |
Electronic Accounting System in Exemption and Service Tax | |
Electronic Accounting System in Excise and Service Tax |
Question 16 |
Which of the following terms is not used in Economics?
Balance of Payment | |
Call Money | |
National Debt | |
Cardiac Index |
Question 17 |
On 13th August, ............ crores was abolished by the Union Government for hand weavers?
1500 | |
2000 | |
3000 | |
7500 |
Question 18 |
Mutual funds are required to be registered with:
AMFI | |
SEBI | |
IBA | |
RBI |
Question 19 |
Government panel headed by Planning Commission member Arun Maira in its report presented on 27 September 2011 suggested giving more powers to which of the following bodies with respect to mergers and acquisitions in the pharmaceutical sector?
Competition Commission of India | |
Finance Ministry | |
Reserve Bank of India | |
Federation of Indian Chambers of Commerce and Industry |
Question 20 |
.........is the winner of Snooker World Champion ( 2011)?
Geeth Sethi | |
Yasin Merchant | |
Greme Dott | |
John Higgins |
Question 21 |
Which of the following carries out ‘Open Market Operations'?
Stock Exchanges in India | |
Indian Banks' Association | |
Securities and Exchange Board of India | |
Planning Commission |
Question 22 |
The Modern Banking System includes ............?
Customer Banking | |
Infusion of IT | |
Risk Based Management | |
All of above |
Question 23 |
The account in which trading of shares in their electronic form is ............?
NRI account | |
Foreign account | |
Trio account | |
DEMAT account |
Question 24 |
. ......... got $95.16 million loan agreement with the Asian Development Bank to strengthen tourism sector?
Goa | |
Himachal Pradesh | |
Andhra Pradesh | |
Bihar |
Question 25 |
. ..........Indian firms made the cut in the list of world's 500 largest companies declared by Fortune Magazine?
4 | |
6 | |
11 | |
8 |
Question 26 |
. RBI allowed domestic companies to issue shares against the import of .......... goods, allowing them to expand the business.
Luxury | |
Cheap | |
Capital | |
White |
Question 27 |
Which of the following nations is considered the originator of the concept of Micro Finance?
Bangladesh | |
India | |
South Africa | |
Greece |
Question 28 |
The Cabinet Committee on Economic Affairs on 30 August 2011 approved disinvestment of 5 per cent of its stake in which of the following Central Public Service Enterprises (CPSE)?
NTPC | |
HPCL | |
BHEL | |
SAIL |
Question 29 |
Kamala Beniwal the Gujarath Governor appointed ............as the Lokayukta, with out the consulting State Government?
Justice R.A.Mehatha | |
Justice Balakrishnan | |
Justice Narashimhan | |
Justice Kalidasa |
Question 30 |
The biggest international financial centre in the world:
Frankfurt | |
Geneva | |
London | |
New York |
Question 31 |
Central bank is going to insist on a minimum asset size of more than
Rs............crore for registering any new non-banking finance company (NBFC)?
100 | |
500 | |
50 | |
150 |
Question 32 |
...........bank was penalized for Rs.25 lakh for violating norms relating to Know Your Customer (KYC)
UCO | |
Citi | |
SBI | |
Syndicate |
Question 33 |
............is a term not used in Banking?
Advance | |
Garnishee | |
Lien | |
Emission |
Question 34 |
"Claused Bill of Landing" is one which indicates:
Remaining constant in project cost | |
Escalation in Project Cost | |
Decrease in Project Cost | |
All of the above |
Question 35 |
The primary relationship between the banker and the customer is that of:
Trustee and beneficiary | |
Debtor and Creditor | |
Principal and agent | |
Lesser and lessee |
Question 36 |
What is the full form formog the term SHGs used in financial news-papers ?
Small Help Groups | |
Self Help Groups | |
Small Hope in Growth | |
Self Hope Groups |
Question 37 |
When does a person become insolvent?
When he left with no property of his own | |
When he declares an insolvent by the Court | |
When he terminates from a job he was holding | |
When he declares himself to be an insolvent |
Question 38 |
RBI conducts sales of dated securities and treasury bills through its .........?
Statutory Liquidity Ratio (SLR) | |
Negotiable Instruments | |
Open Market Operations | |
Bank Rate |
Question 39 |
Which of the following banks enjoys the reputation of being at the top in market capitalization among all the private banks?
ICICI Bank | |
HDFC Bank | |
Axis Bank | |
Yes Bank |
Question 40 |
Which is the first north eastern state to bring the Chief Minister under the jurisdiction of Lokayuktha on 26 August 2011?
Arunachal Pradesh | |
Sikkim | |
Assam | |
Manipur |
Question 41 |
The Central Government decided to give the loans to SHG(Self Help Groups) at .........% on par with Agriculture. ( International summit on Micro finance and Inclusive Development held on June 21, 2011 at Hyderabad)?
6 | |
10 | |
15 | |
7 |
Question 42 |
First bank in India to launch its interactive banking service through Dish TV:
HSBC | |
ICICI Bank | |
HDFC Bank | |
Axis Bank |
Question 43 |
First Indian Governor of the RBI:
C.D. Deshmukh | |
Sachindra Ray | |
S. Mukherjee | |
D.I.G. Patel |
Question 44 |
G-20 farming meeting urgently called for the more agriculture production. The summit held in ............on 22, 23 June 2011?
Toranto | |
Paris | |
Tokyo | |
New Delhi |
Question 45 |
When two parties make an arrangement to exchange future cash flows, it is called:
Options | |
Arbitrage | |
Swap | |
Futures |
Question 46 |
On 6 September 2011, UNCTAD's Trade and Development Report 2011, projected an economic growth of 8.1 per cent for India. Expand UNCTAD?
United Nations Conference on Tier and Development | |
Unit Nations Conference on Trade and Development | |
United Nations Conference on Trade and Deal | |
United Nations Conference on Trade and Development
|
Question 47 |
GMR Energy Limited establish 800 megawatt power project in .........getting $ 1 billion dollars fund from the 6 banks consortium?
USA | |
Singapore | |
UK | |
Japan |
Question 48 |
The World Bank says that the world may see another recession worst than 2008 due to ............region crises?
USA | |
UK | |
France | |
Euro Zone |
Question 49 |
. ..........the scheme introduced by Odisha enables pregnant women in rural areas to avail monetary assistance for accessing medical care?
Suguna | |
Sila | |
Bangram | |
Mamata
|
Question 50 |
National Communal Harmony Award got by ............?
Hamid Ansari | |
Anna Hazare | |
Hareesh Handey | |
Mohammad Hanif Khan Shastri |
Question 51 |
The first credit card was issued in India by VISA in .........?
1994 | |
1991 | |
2001 | |
1981 |
Question 52 |
. .........has the greatest number of newborn deaths more than 9 lakh a year?
Somalia | |
UK | |
India | |
Japan |
Question 53 |
Central Banking Investigation committee recommended in 1930 to establish .........?
SBI | |
SEBI | |
RBI | |
ONGC |
Question 54 |
. ..........has sanctioned Rs. 1.5 crore to set up a kumki elephant (tamed/ trained) camp at Chadivayal at the foothills of Siruvani.?
Kerala | |
Karnataka | |
Tamil Nadu | |
Goa |
Question 55 |
The Local area banks were permitted to establish in .........?
1986 | |
2001 | |
2006 | |
1996 |
Question 56 |
Union Government on 26 September 2011 announced the reconstitution of the National Manufacturing Competitiveness Council (NMCC) under whose chairmanship to energise and sustain the growth of manufacturing industries and help in the implementation of strategies by the government?
V. Krishnamurthy | |
Pranab Mukherjee | |
U K Sinha | |
Dr D Subbarao |
Question 57 |
Transition economies mean .........?
economies left modern economies and go to central or conventional set up | |
countries transforming from dictator ship to autocrat rule | |
economies that cancelled licensing system and hand over system to central bank | |
abandoned central or conventional set up and changing to modern market economies
|
Question 58 |
The largest financial conglomerate of India is:
HDFC Bank | |
ICICI Bank | |
IFCI | |
SBI |
Question 59 |
. ......... announced six months maternity leave for its women employees who adopt less than year old child in the month of July?
Rajasthan | |
Andhra Pradesh | |
Bihar | |
Jammu |
Question 60 |
Reserve Bank of India was started with a share capital of Rs .........crores on 1 April 1935?
100 | |
200 | |
5 | |
15 |
Question 61 |
Invoice is a:
Accounting document | |
Legal document | |
Commercial document | |
All of the above |
Question 62 |
..........launched the First Gold Index in India with a Base Date of 2 January 2007?
BSE | |
CRISIL | |
NSE | |
SEBI |
Question 63 |
Coal Ministry on 21 September 2011 during the Round table conference on Coal approved, in principle, the allotment of five coal blocks to which of the following PSU power generators?
BHEL | |
NTPC | |
Power Grid Corporation of India | |
Gujarat State Energy Generation |
Question 64 |
What is Yield Curve Risk?
It is a line of graph plotting the yield of all maturities of a particular instrument | |
Yield curve changes its slope and shape from time to time | |
Yield curve can be twisted to the desired direction through the intervention of RBI | |
All of the above |
Question 65 |
Which of the following organization provides credit history of the borrowers?
CIBIL | |
SEBI | |
RBI | |
CRISIL |
Question 66 |
Payment of a cheque may be countermanded by the ___
Payee | |
Drawer | |
True owner | |
Drawee |
Question 67 |
First international credit card issued by..........through VISA, getting special permission from RBI in 1987?
Andhra Bank | |
Corporation bank | |
ICICI | |
HDFC |
Question 68 |
A debt becomes time-barred after:
One year | |
Two and a half year | |
Three years | |
Five years |
Question 69 |
. ..........is the third largest trading partner for India?
European Union | |
Japan | |
Russia | |
USA |
Question 70 |
Expand ECGC Ltd .........?
Export Cash Guarantee Corporation of India Life | |
Export Credit Guild Corporation of India Loop | |
Export Credit Guarantee Company of India Liability | |
Export Credit Guarantee Corporation of India Limited |
Question 71 |
Which of the following is true about "White Card"?
It is related to companies producing milk products | |
It does not carry on its face, the brand of the issuer | |
It is meant to covert blank money into the economy | |
It is a card that provides white money |
Question 72 |
Trotting Inflation means .........?
When prices down moderately and the annual inflation rate is a single digit | |
when prices rise in fast mode and the annual inflation rate is a double digit | |
when prices rise slowly and the annual inflation rate is a single digit | |
When prices rise moderately and the annual inflation rate is a single digit
|
Question 73 |
J.S. Verma Committee Report relates to:
Strengthening of weak banks | |
Corporate Governance | |
Bank Mechanization | |
All of the above |
Question 74 |
South Sudan is the new country in the world map. Pick the wrong one?
Its capital is Juba | |
Salva Kiir Mayarditi is the first president | |
South Sudanese pound is the currency | |
It is 194 member in UNO |
Question 75 |
Central Bank of USA is .........?
Bank of America | |
Citi Bank | |
Federal Reserve | |
Reserve Bank of USA |
Question 76 |
CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on
the recommendations of:
Narashimham Committee | |
Ghosh Committee | |
Chore Committee | |
Kapoor Committee |
Question 77 |
All India Credit Survey Committee(1952) suggested to set up .........?
SBI | |
RBI | |
NABARD | |
SBH |
Question 78 |
A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:
Note caution and will advice the payee to contact purchaser of the draft | |
Not act on the request | |
Stop payment | |
Performs no action |
Question 79 |
Usually, the validity period of an Income Tax Refund Order is:
1 month | |
2 months | |
3 months | |
6 months |
Question 80 |
Government securities Act passed in .........to stream line the government securities?
2011 | |
2006 | |
2007 | |
2009 |
Question 81 |
Under which of the following methods of depreciation, amount of depreciation varies every
year?
Written Down Value Method | |
Straight Line Method | |
Amount of depreciation does not vary on year to year basis | |
Either a or b |
There are 81 questions to complete.
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