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General Awareness Quiz

1. Fiscal Responsibility and Budget Management Act (FRBM) concerns:
I.  Fiscal Deficit   
II. Balance of Payment
III. Revenue Deficit
(1) Only I   
(2) Only II
(3) I & II  
(4) I & III
(5) All of these

2. Which of the principal institution for promotion, financing and development of small scale industries in the country?
(1) RBI 
(2) SBI
(3) IDBI 
(4) SIDBI
(5) None of these

3. Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within ‘general’ or ‘quantitative’ methods of credit control?
(1) Stipulation of certain minimum margin in respect of advance against specified commodities
(2) Open market operations
(3) Bank rate
(4) Variable reserve requirement
(5) None of these                                     

4. Indigenously built INS Astravahini was decommissioned at Vishakhapatnam recently. It was a
1) Torpedo launch and recovery vessel
2) guided missile destroyer
3) Fast attack vessel                 
4) helicopter carrier
5) Anti-submarine warfare carrier

5. The proposal of which of the following Chinese telecom solutions providers to set up a manufacturing unit in Tamil Nadu received conditional security clearance from the Union Home Ministry recently?
1) China Unicom 
2) Pioneer Global
3) ZTE
4) Huawei
5) Lenovo

6. Accounts are allowed to be operator by cheques in respect of____.
(1) Both savings bank accounts and fixed deposit accounts
(2) Savings bank accounts and current accounts
(3) Both savings bank accounts and loan accounts
(4) Both savings bank accounts and cash accounts only
(5) Both Current accounts and fixed deposit accounts

7. Largest shareholder (in percentage shareholding) of a nationalized bank is____.
(1) RBI, 
(2) NABARD
(3) LICI,
(4) Govt. of India,
(5) IBA

8. Insurance cover for bank deposits in our country is provided by____.?
(1) SBI,      
(2) Govt. of India
(3) GIC,     
(4) LIC
(5) DICGC

9. Expand the term ALM as used in Banking/ Finance sector:  
(1) Asset Liability Maturity
(2) Asset Liability Mismatch,     
(3) Asset Liability Manpower
(4) Asset Liability Maintenance
(5) Asset Liability Management

10. For repayment of loan availed from Banks/ NBFC we come across a term known as EMI.  What does it stand for?
(1) Equated Money index,         
(2)  Easy Money Instalment
(3) Equated Monthly Instalment
(4) Equal Monthly Instalment,
(5) Equal Minimum Instalment


Answers:

1. 4
2. 4
3. 1
4. 1
5. 4
6. 2
7. 4
8. 5
9. 5
10. 3