General Awareness 2013 MCQ Quiz -9

1. Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of?
a) Minors 
b) Married Women
c) Senior citizens 
d) Government Employees 
e) Rural residents

2. When the rate of inflation increases?
a) Purchasing power of money increases
b) Purchasing power of money decreases
c) Value of money increases
d) Purchasing power of money remains unaffected
e) Amount of money in circulation decreases

3. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?
a) Investment Banking
b) Core Banking
c) Mobile Banking
d) National Banking
e) Specialized Banking

4. Which of the following is NOT considered a money market instrument?
a) Treasury Bills
b) Repurchase Agreement
c) Commercial Paper 
d) Certificate of Deposit
e) Shares and Bonds

5. Which of the following is necessary while opening deposit accounts in banks?
a) Will
b) Registration 
c) Nomination
d) Indemnity
e) Guarantee

6. Which of the following is not a banking term?
a) Letter of credit
b) MIBOR
c) Factoring services 
d) Entry load
e) None of these 

7. Which of the following organizations issue the rules of global trade? 
a) IMF
b) World Trade Organization
c) Foreign trade
d) G-20
e) None 

8. One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called: 
a) Statement of product details 
b) Foreign exchange
c) Balance Sheet
d) Balance of payment
e) Trading and Manufacturing account 

9. The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society? 
a) Persons below 60 yrs 
b) Senior Citizens
c) Unemployed youth
d) Orphans 
e) All

10. One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity? 
a) Payment & settlements Act
b) Control money supply Act 
c) Narcotics and Psychotropic substance Act
d) Prevention of Money laundering Act
e) None

11. Which of the following scheme is not meant for investment purposes?
a) National saving certificate 
b) Infrastructure bonds 
c) Mutual funds
d) Letter of credit 
e) None of these 

12. Basel norms which are important regulatory stipulations are meant for which sector? 
a) Insurance 
b) Banking 
c) Micro finance 
d) Pension funds
e) None 

13. Systematic investment Plans relates to:
a) Mutual Funds 
b) Life Insurance Companies
c) Commercial Banks
d) Post office savings schemes 
e) None

14. Euro money is the official currency of?
a) NATO
b) UN
c) European
d) Germany and England
e) None of these 

15. Which of the following is an example of cash less purchase?
a) Debit card
b) Credit card
c) ATM withdrawal
d) All of the above 
e) None 

Answers:

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