Banking Awareness: Banking Awareness Practice Paper for Bank, SSC, UPSC and Other Competitive Exams

1) What is the full form of the term ASBA ?

1. Allotment Supported by Blocked Amount
2. Application Supported by Bank Amount
3. Allotment Supported by Bank Account
4. Application Supported by Blocked Amount
5. Allotment and Social Banking Amount

2) Excise duty is a tax levied on which of the following ?

1. Production of goods
2. Purchase of goods
3. Export of goods
4. Movement of goods beyond municipal limits
5. Sale of goods

3) The erstwhile UTI Bank is presently known as 

1. ING Vasya Bank
2. Yes Bank
3. Indus Ind Bank
4. Axis Bank
5. IDBI

4) The term "Deficit Financing" means the Government borrows money from the 

1. IMF
2. Local bodies
3. RBI
4. Large corporates
5. Public at Large

5) "Carbon credit" is concerned with which one of these internationally sensitive issues ?

1. Deforestation
2. Contrast farming
3. Rural infrastructure
4. Diamond trading
5. Protection of environment

6) Ms Christine Lagarde is holding which of the following positions at present ?

1. Chief of Asian Development Bank
2. Chief of International Monetary Fund
3. Chancellor of Germany
4. Chief of Morgan Stanley
5. Chief of World Banks

7) Regional Rural Banks:

1. have limited area of operation and access to refinance from NABARD
2. are required to lend only to weaker sections
3. are mandated to do only narrow banking
4. can only extend agricultural loans
5. have unrestricted area of operations

8) Which of the following is NOT a Banking or Finance Company ?

1. Barclay
2. Lufthansa
3. BNP Paribas
4. American Express
5. HSBC

9) Review and revision of the monetary and credit policy by which of the following organizations/agencies put an impact on lending and deposit rates of all the banks in India ?

1. National Bank for Agriculture and Rural Development
2. Reserve Bank of India
3. Securities and Exchange Board of India
4. Ministry of Corporation Affairs
5. None of these

10) Which of the following is the part of the name of  a public Sector Bank of India ?

1. Jindal
2. Gokhale
3. Jaipuria
4. TATA
5. Dena