Practice Test


Q1) Which of the following countries recently conferred its Highest State Honour on Late Mrs. Indira Gandhi for her contribution in its 'Liberation war'? Show Answer


Q2) Which of the following statements is true? Show Answer


Q3) Interest payable on savings bank account is ____ Show Answer


Q4) Which of the following is the correct statement ? Show Answer


Q5) The home Minister of India was recently on a visit to Bangladesh where both the countries signed a Coordinated Border Management Plan
(CBMP). What are major points of this agreement?
(A) The plan will help in resolving long pending border dispute between both the nations.
(B) The head count of the people living in enclaves on the border will be completed within next six month's time.
(C) India assured that no BSF Jawan will open fire on the people crossing the borders unless there is an attack on them.
Show Answer


Q6) Which of the following is/are commodity/ies on which subsidy is given to farmers/poor in India?
(A) Fertilizer
(B) Kerosene
(C) LPG Show Answer


Q7) The President of India was recently on a visit to South Korea and Mongolia. During her visit some agreements were signed by both the countries. Which of the following was a common area on which India signed agreements with South Korea and Mongolia both? Show Answer


Q8) Iran recently threatened that it will stop supply of oil to India if the payment issue is NOT sorted out quickly. What is the problem in payment to Iran?
(A) The oil supplied by Iran is of substandard quality. Hence India suspended the supply and stopped the payment.
(B) Indian banks have stopped transfer of money to Iran as UN has imposed sanctions on Iran.
(C) India is bound to purchase oil only from OPEC members. Iran has abandoned the membership of OPEC, which has created a problem in payments. Show Answer


Q9) Accounts are allowed to be operated by cheques in respect of Show Answer


Q10) Yingluck Sinawatra has won recently held elections to become first woman Prime Minister of Show Answer


Q11) Which of the following is correct statement? Show Answer


Q12) The Lokayukta of which of the following States had submitted a report on illegal mining of iron are in the state? Show Answer


Q13) The usual deposit accounts of banks are --- Show Answer


Q14) Fixed deposits and recurring deposits are --- Show Answer


Q15) The countries these days are most worried about the currency war. They are arguing about whose actions harmed the world economy the most.
What are the views of the rich countries particularly USA, in this regard?
(A) They feel that it was China who was unwilling to allow the Yuan to rise.
(B) They feel that it was India who has snatched jobs in most of the European countries ans USA. This made the situation more grim.
(C) Some countries feel it was Japan who allowed swapping of its currency with other nations and created a grim situation in world market.
Show Answer


Q16) Which of the following is NOT a Millennium Goal set by the UNO? Show Answer


Q17) Financial inclusion means provision of --- Show Answer


Q18) Which of the following Statements containing results of India's recent Census is NOT correct? Show Answer


Q19) Which of the following is known as cross selling by Banks?
(A) Sale of a debit card to a credit card holder
(B) Sale of Insurance policy to a depositor
(C) Issuance of Cash against Cheque presented by a third party Show Answer


Q20) Angela Merkel was recently in India to receive Jawaharlal Nehru Award for International Understanding for the year 2009. What has been her contribution in the international politics which made her the 'Best Choice' for the award?
(A) She played a major role in restarting negotiations between Russia and USA on 'STAR'.
(B) She initiated 'Health Care Reforms' in Germany and solved problems related to 'future energy development'.
(C) She played a crucial role in negotiation of the 'Treaty of Lisbon' and Berlin declaration.
Show Answer


Q21) Japan won the women's Football World Cup 2011 by defeating --- Show Answer


Q22) Which of the following states became the first state in the country to launch RBI's e-payment system for commercial tax payers? Show Answer


Q23) When a bank returns a cheque unpaid, it is called --- Show Answer


Q24) Mortgage is a -- Show Answer


Q25) The world's highest 'Rail Bridge' is being constructed in the State of Jammu & Kashmir. This bridge will be on which of the following rivers? Show Answer


Q26) Which of the following films was NOT directed by ManI Kaul, who died recently? Show Answer


Q27) The President of which of the following countries is accused of violation of "War Power Act" of his country when he decided to attack Libya with other NATO countries in June 2011? Show Answer


Q28) Which of the following schemes is launched by the Govt. of India to provide an identity to its all resident citizens and also in identifying people who are poorest, often the last to stand up to ask for their share in govt. schemes or lack identity? Show Answer


Q29) Which of the following types of accounts are known as 'Demat Accounts'? Show Answer


Q30) Who amongst the following won the Wimbledon Men's Finals 2011 which was also his first Wimbledon Title? Show Answer


Q31) Which of the following organizations/agencies has sought an emergency fund of 1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers? Show Answer


Q32) Upper limit prescribed for RTGS transaction is --- Show Answer


Q33) Distribution of insurance products and insurance policies by banks as corporate agents is known as --- Show Answer


Q34) What is the full form of 'FINO' a term we see frequently in finance newspapers? Show Answer


Q35) Who among the following has been appointed as a director on board of Bank of America - the first non-American on the board of the one of the largest financial institutions in the world? Show Answer


Q36) When the rate of inflation increases -- Show Answer


Q37) POSCO is in the process of establishing its plants in India. What does the letter 'P' denote in the mane POSCO? Show Answer


Q38) Who among the following has become the Chief Minister of a State in India third time consecutively? Show Answer


Q39) Who amongst the following is the winner of Man Booker Prize 2011? Show Answer


Q40) Interest on savings bank account is now calculated by banks on Show Answer


Q41) The third international Conference of the Trade Unions was organized in June 2011 in -- Show Answer


Q42) 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 -- Show Answer


Q43) The Government of India recently decided to lift four years old ban on export of wheat. "What was the reason for the same?
(A) India has a bumper crop of wheat in last two years. Hence it has excess stock of wheat.
(B) As per the Food Security Act India is bound to provide 10 million tones of wheat to World Food Grain stock every year. India defaulted last year. This year it does not want to be one.
(C) As advised by the Supreme Court of India, the money received from export should be used to pay subsidy to the farmers. Show Answer


Q44) Which of the following is not considered a money market instrument? Show Answer


Q45) With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country --- Show Answer


Q46) The ministry of Finance recently released a comprehensive paper on Govt. debt. Which of the following is/are true about the same?
(A) The paper presents the road map for general debt to be raised by the Govt. of India during the period of 2011 - 2015 which is the period of the awards of the 13th Finance commission
(B) As per the estimates, the target debt in the terminal year 2014 - 15 will be lower than whatever recommended by the 13th Finance Commission.
(C) The paper has recommended that the Govt. should try to generate resources in such a way that it does not have to depend much on debt. The total debt should not be more the 1/3 rd of the total requirements. Show Answer


Q47) 'Gorkhaland Council' which was recently in news is a body set up for administration of which of the following Districts? Show Answer


Q48) Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of --- Show Answer


Q49) "FBTR is an term/abbrevated name related to the area of ____ Show Answer


Q50) What does the letter 'L' denote in term 'LAF' as referred every now and then in relation to monetary policy of the RBI ? Show Answer