Quiz for bank PO examination

1.World Economic Forum had released its first Financial Development Report ranks 52 countries according to the strength of their financial markets in late 2008. Which are the top four countries having most developed financial system in the world?
(A)US, Britain, Germany , Japan
(B)US, Britain, Japan, France
(C)US, Japan, France, Switzerland





2.The current financial slowdown which has been termed as the great Depression initiated from US. In which of the following sectors of the US economy the slowdown affected most?
(A)Agro Sector
(B)Auto Sector
(C)Banking & Finance Sector





3.Which of the following countries is having highest inflation rate?
(A)Ethiopia
(B)Zimbabwe
(C)Sudan





4.Indian economy was expected to grow by a satisfactory 6.7 % amid the shrinking global economy due to the financial crisis. However recently we read in the newspapers that something has put that projection into doubt. What is that ?
(A)The stats which were presented in the budget were not realistic
(B)The poor monsoon and poor harvest are going to affect the economy badly
(C)Due to a soaring oil bill , India's trade deficit is going to widen





5.A High Level Group on Systems and Procedures for Currency Distribution, headed by Smt. Usha Thorat, Deputy Governor, was set up in August 2008. Which among the following was the major objective of this group?
(A)To fight the menace of counterfeit notes
(B)To review the existing arrangements for stocking and distribution of currency notes
(C)To enhance the integrity and efficiency of the systems and procedures and suggest appropriate measures.





6.The Union Cabinet is likely to approve soon the Micro Financial Sector (Development and Regulation) Bill, 2009 . Which among the following is correct regarding this bill?
(A)It will give more freedom to RBI regarding the Micro Finance
(B)It will make NABARD the Micro Financial Sector regulator
(C)It will distribute the regulating functions between SIDBI and NABARD





7.For which of the following uses a person is not eligible to seek a loan from commercial banks as per the guidelines of RBI ?
(A)To buy Gold ornaments for marriage
(B)To buy Kisan Vikas Patra
(C)To buy Tractors in urban Areas





8.BEML Limited (formerly Bharat Earth Movers Limited) comes in which of the following category ?
(A)Navratna
(B)Mini ratna
(C)Maha ratna





9.Which among the following is not a work of 2008 Man Booker Prize Winner Arvind Adiga?
(A)The white tiger
(B)Between the Assassinations
(C)The Inheritance of Loss





10.Recently Fifteenth Summit of the Non-Aligned Movement which was presided by Egypt held from the 11th till the 16th of July 2009 in the City of Sharma El Sheikh. Where was the first summit of NAM held & in which year ?
(A)Belgrade 1961
(B)Cairo, 1964
(C)Algiers. 1961





11.Which of the following states have set up Fishermen Debt Relief Commission ?
(A)Andhra Pradesh
(B)Maharastra
(C)Kerala





12.Which among the following is Incorrect regarding Mid Day Meal Scheme?
(A)It’s a social Sector programme
(B)The scheme has a long history especially in Tamil Nadu and Gujarat
(C)The program is being run by Akshaya Patra Foundation





13.Which among the following is correct regarding Loan Syndication?
(A)More than one debtors applying for a loan to one creditor
(B)More than one creditors coming together to provide single loan
(C)More than one creditors coming together to provide multiple loans





14.Which among the following is incorrect regarding the Indian Depository Receipts?
(A)They are derivative instruments
(B)They have shares as the underlying assets
(C)They are non-negotiable Financial instruments





15. In a letter to chairmen and CEOs of all scheduled commercial banks, local area banks and financial institutions, the RBI recently asked to take utmost care to ensure cross checking of all account opening applications and transactions carried out in the existing accounts. What is the purpose of this letter?
(A)To track terror funding
(B)To keep control the financial transactions of suspicious nature
(C)To find out individuals, entities and other undertakings associated with transactions including big amounts





16.Under which ministry Investor Education and Protection Fund (IEPF) was established in 1999 for promotion of investors’ awareness and protection of the interests of investors?
(A)Ministry of Finance
(B)Ministry of Corporate affairs
(C)Ministry of Commerce





17.If a state governments seeks help in reaching their targets of providing assistance to eligible institutions in agriculture and rural development, it should approach to which of the following agency ?
(A)SIDBI
(B)RBI
(C)NABARD





18.which among the following sentence is INCORRECT regarding Foreign Currency Non Resident (FCNR) accounts in India ?
(A)Accounts in foreign currencies (FCNR accounts) can be maintained by NRIs with authorized dealers in India.
(B)FCNR Accounts can be maintained in Pound Sterling, U.S.Dollar, Deutsche Mark, Japanese Yen and Euro
(C)FCNR accounts can be maintained only in the form of current / savings account as well as 'term deposits'





19.'World Development Indicators 2009' says that India exports 42 per cent of total service exports. This report was recently issued by (May 2009) ?
(A)International Monetary Fund
(B)World Bank
(C)United Nations





20.Which are the two ICT (Information & communication technology ) exporters of the world?
(A)India & China
(B)India & Russia
(C)India & US