GK Insurance quiz

1.What is the full form of “NDTL” ?

Net Demand and Term Liability Net Demand and Time Liability New Demand and Term Liability Net Demand and Term Liquidity

2.Treasurybills or T-bills, which are money market instruments, are short-term debt instruments issued by

Reserve Bank of India Individual Banks Government of India IRDA

3.What is the correct expansion of the term MUDRA ?

Micro Undertakings Development and Refinance Authority Micro Units Development and Refinance Agency Micro Undertakings Development and Restructuring Agency Mini Units Development and Restructuring Authority

4.MICR code is used for

Electronic Clearance of Cheques Electronic Funds Transfer Code Banking Solution Cheque Truncation Services

5. In which city of India will The Islamic Development Bank (IDB) open its first branch?

Ahmedabad Lucknow Ajmer Raipur

Banking and Insurance Quiz

1.Which one of the following is/are implications (s) of the large inflow of foreign exchange into the country ? 

(a) It makes monetary management difficult for RBI 

(b) It creates money supply, asset bubbles and inflation.

(c) It weakens the competitiveness of Indian exports.

Only 1 Only 2 Only 3 All of these

2.Nowadays we frequently read news items about "Derivatives" as used in the world of Finance and moneymarket, which of the following statements correctly describe(s) a derivative and how it affects money/ finance market?

 (a) Derivatives enable individuals and companies to insure themselves against financial risk. 

(b) Derivatives are like fixed deposits in a bank and are the safest way to invest one's idle money lying in a bank. 

(c) Derivatives are the financial instruments which were used in India even during the British Raj.

Only 3 Only 2 Only 1 All of these

3.IMF and the World Bank were conceived as institutions to

Strengthening international economic co-operation and to help create a more stable and prosperous global economy IMF promotes international monetary cooperation The World Bank promotes long-term economic development and poverty reduction All of these

4.What is the deadline to connect digitally all post offices in rural areas in the country?

January 2018 February 2017 March 2017 April 2018

5.The National Housing Bank is a subsidiary of

RBI NABARD IDBI SEBI

GK Insurance quiz

1.Which of the following banks has taken over the Centurion Bank of Punjab?

ICICI Bank IDBI Bank HDFC Bank AXIS Bank

2.The rate of interest on Savings Bank Account is stipulated by

The concerned bank RBI Indian Banks Association Government of India

3.Many times we read a term CBS used in banking operation.What is the full form of the letter 'C' in the term 'CBS' ?

Core Credit Continuous Complete

4.The securities & Exchange Board of India (SEBI) has asked all Falls to divulge the structure of their offshore entities .What purpose will it serve ? 

(a) To identify if there is any flow of funds from some questionable sources 

(b)To know how much money Falls are planning to invest in India in 2010-11. 

(c) To forecast the possibility of any financial crisis in near future.

Only 1 Only 2 Only 3 All of these

5.Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points.What is basis point ?

Ten percent of one-hundredth point One hundredth of 1% One hundredth of 10% Ten per cent of 1000

GK Insurance

1.First share market in India was established in

Delhi Kolkata Mumbai Hyderabad

2.Consider the following statements: 

(i) Securities that have an original maturity that is greater than one year traded in capital markets.

(ii) The best-known capital market securities are stocks and bonds Select the correct answer

(i) is true and (ii) is false (i) is false and (ii) is true Both are true Both are false

3.Consider the following statements:

(i). Securities that have an original maturity that is greater than one year are traded in money markets. 

(ii). the best-known money market securities are stocks and bonds

(i) is true and (ii) is false (i) is false and (ii) is true Both are true Both are false

4.Which of the following services is introduced recently by the Reserve Bank of India and SEBI in India for the first time ?

(a) Trading of Currency futures.

(b) The opening of NRI Accounts in Indian Currencies

c)Foreign Direct Investment through participatory Notes(PNs) by the Foreign Institutional Investors.

Only 1 Only 2 Only 3 All of these

5.Which of the following is NOT the part of the organised sector of Indian Money Market?

Mutual Funds Non-Banking Financial Companies Unit Trust of India Chit Funds

GK and Banking Awareness

1.The Unit Trust of India come into existence in

1964 1965 1975 1985

2.How many commercial banks were nationalised on 19 July 1969?

13 14 15 18

3.How many nationalised banks working in India as on 2013?

19 24 26 28

4.New Private Banks are being given licenses since

1991 1992 1993 1995

5.The gilt - edged market refers to the market for 

(i) Government securities

(ii) Semi - government securities

(iii) Corporate securities 

Select the correct answer

only i i and ii ii and iii i,ii and iii

Banking Awareness Questions

1.Main financial instruments of corporate sector are 

(i) Shares 

(ii) Debentures 

(iii) Public Deposits 

(iv) Loan from Institutions

 Select the correct answer by using of the following codes

i and ii ii and iii iii and iv All i, ii ,iii and iv

2.Financial institutions

mobilize savings promote savings allocate savings among different users All of the above

3. Which of the following is not an example of primary securities?

Bills Bonds New currency Book debts

4.Indian Financial System comprises of

Scheduled Commercial Banks Non- Banking Financial Institutions Urban Cooperative Banks All of the above

5.The Bombay Stock Exchange came into being in

1887 1901 1885 1875

Banking Awareness Questions

1.The capital market is a market which deals in

Short - term funds Long- term funds Gilt - edged securities All of the above

2.Regional Rural Banks (RRBs) fall within the regulatory purview of

Reserve Bank of India (RBI) State Bank of India (SBI) Securities and Exchange Board of India (SEBI) Insurance Regulatory and Development Authority (IRDA)

3.Insurance Regulatory and Development Authority (IRDA) with its headquarters at _______ is the regulatory authority for all insurance companies in India including the Life Insurance Corporation of India.

Hyderabad Bengaluru Mumbai Delhi

4.Mutual Funds fall within the supervisory purview of

Reserve Bank of India (RBI) State Bank of India (SBI)

Insurance Regulatory and Development Authority (IRDA) 

None of these

5.Which of the following does not come under the category of Development Banks?

Industrial Development Bank of India Export – Import (Exim) Bank Industrial Investment Bank of India State Finance Corporation

Insurance Awareness

1.How many language are used on a Ten Rupee note ?

2 7 10 15

2.The place where bankers meet and settle their mutual claims and accounts is known as

Treasury Clearing House Dumping house Collection center

3.The largest public sector bank in India is

SBI PNB RBI ICICI

4.The Unit Trust of India came into being in

1960 1961 1962 1964

5. Which of the following is/are an example (s) of financial assets?

National Savings Patra Krishi Vikas Patra Indira Vikas Patra All of the above

General Insurance Quiz

1.Bank rate of RBI is also known as

Interest Rate Discount rate Fed Rate Bid rate

2.The limitation of CRR of RBI is

3 -10% 3 -15% 15-38% 10 -25 %

3.The apex organisation of Indian money market is

SBI SEBI RBI IRDA

4.If the cash reserve is lowered by RBI, what will be its effect on credit creation?

Decrease Decreased 10% Increase No Change

5.Which of the following banks merged with Punjab National Banks in 1993?

New Bank of India Central Bank of India Imperial Bank of India Common Bank of India

GK quiz

1.Interest rate risk is a type of

Credit risk Market risk Operational risk All of the above

2. Which bank was earlier called the 'Imperial Bank of India ?

RBI SBI UBI PNB

3.India's largest commercial bank is

Central Bank of India State Bank of India Indian overseas bank Bank of India

4.The Monetary Policy of India is announced by

Prime Minister Governor of the RBI Union Finance Minister Union Commerce Minister

5.Which of the following rates is NOT decided by the Reserve Bank of India?

Bank rate Repo rate Reverse Repo rate Income Tax rate

Banking Awareness Questions

1.What is Future Trading? 

1.It is nothing but a trade between any two stock exchanges wherein it is decided to purchase the stocks of each other at a fixed price throughout the year. 

2.It is an agreement between two parties to buy and sell an underlying asset in the future at a predetermined price. 

3. It is an agreement between a stock exchange that they will not trade the stocks of each other under any circumstances in future or for a given period of time.

only 1 only 2 only 3 All of these

2.Which of the following correctly describes the concept of 'Nuclear Bank' floated by International Atomic Energy Agency?

1. It is nuclear fuel bank to be shared by the entire nation jointly.

2. It is a facility to help nations in enrichment of uranium

3.It is an agency which will keep a close vigil on the nuclear programmer of all the nations

Only 1 Only 2 Both 1 and 3 only Only 3

3.One of the major emphasis of Basel II is that banks should have

Adequate Capital adequacy Ratio Only a few branches in urban centres More and more branches in rural areas Core banking mode of operations

4.The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form

Reserve Bank of India Imperial Bank of India Bank of India Union Bank

5.The period of twelfth 'Five-year plan' of India is

2009- 2014 2008- 2013 2007 - 2012 2012 - 2017

Financial Awareness Quiz

1.When the common people of a nation start getting very high salary or wages , the consumption of the goods likeeatables and white goods, also start increasing .This situation brings which of the following types of inflation in the economy?

1. Cost-push inflation

2. Demand pulls inflation

3. Low inflation

Only 1 & 3 Only 2 Only 3 All of these

2.Which of the following decisions taken by the RBI will promote the concept of financial inclusion in the country?

To appoint some additional entities as business correspondents 

To collect reasonable service charges from the customer in a transparent manner for providing the services

To ask the banks to open at least 50 new accounts daily in non-serviced areas 

Only A & B'

3.Bank Rate means the rate of interest

Charged by commercial banks from borrowers

At which commercial banks discounted bills of their borrowers 

Allowed by commercial banks on their deposits 

At which RBI purchases or rediscounts bills of exchange of commercial banks

4.Agricultural Term Loan is repaid out of

cash accrual 

sale proceeds of crop 

net incremental income 

annual savings of the farmer

5.Which of the following is/are true about the “sub-Prime crisis"? 

1. It is a Mortgage Crisis referring to credit default by the borrowers

2. Sub-Prime Borrowers were those borrowers who were rated low and were high-risk borrowers

3. This crisis originated of negligence in credit rating of the borrowers

Only 1 Only 2 Only 3 All of these

Banking and Economy

1.The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF?

Loan Adjustment Fund 

Liquidity Adjustment Facility 

Long Awaited Funds 

Loan against Funds

2.Which of the following is/are different categories of Inflation? 1. Open and suppressed 

2. Cost push 

3. Demand pull

Only 1 Both 1 and 2 Both 2 and 3 All of these

3.The process of the total valuation of the financial capital assets of a country is technically known as

Market Capitalization 

Gross Domestic product 

Net wealth of the country 

Gross Domestic Resources

4.Very often we read about Special Economic Zones (SEZs) in newspapers. What was the purpose of promoting SEZs in India?

1. To promote exports.

2. To attract investment from foreign countries 

3. To help poorest of the poor’s in India as the activities of these zones are reserved only for poor’s and those living below poverty line

Only 1 Only 2 Only 3 Both A and B only

5.Which of the following is the full form of the term SLR as used in the banking sector?

Social Lending Ratio 

Statutory Liquidity Ratio 

Scheduled Liquidity Rate

None of these

Banking Awareness

1.Rural Infrastructure Development fund (RIDF) is financed by

Selected group of public Sector Banks Ministry of Rural Development Reserve Bank of India NABARD

2."Ways and Means" advances are provided by Reserve Bank of India only to

Central Government State Government Both A and B None of these

3.The bank conducts Government business as an agent of

Union and state Government Reserve Bank of India State Bank of India Both A and B

4.Many times we see in newspapers that some projects are launched by the government authorities on 'PPP' basis. What is the full form of PPP?

Preferential Payment Plan Public-Private Partnership Partial Payment Project Popular Private Project

5.The government of India recently decided to allow Currency Futures in India. In addition to Ministry of Finance, which is/are the other organisation(s) whose permission/approval is needed for such operations in India?

1. International Monetary Fund (IMF)

2. Reserve Bank of India (RBI)

3. Securities and Exchange Board of India (SEBI)

Only 1 Only 2 Only 3 Only 2 and 3

General Insurance Quiz

1.SEBI guidelines have prescribed that giving Permanent Account Number ( PAN) is must for

All current A/c 

All Housing Loan A/c 

All saving Bank A/c 

All Demit A/c

2.While taking book debts as a security against banker's advances, an appropriate form of charge is

Mortgage Pledge Hypothecation Assignment

3.An account should be treated as ' out of Order' if

The outstanding balance remains continuously in excess of the sanctioned limit/drawing power 

There are no credits continuously for 90 days as on the date of Balance sheet even though the outstanding balance in 

Credit are not enough to cover the interest debited during the same period 

All of the above

4.As per the directives issued by RBI, a cash credit or overdraft account will be treated as Non-performing Asset

The account remains 'out of order' 

There are no credits in the account in the month in which interest is applied 

The debit balance in the account has exceeded the sanctioned limit during the reporting month 

Any of the above

5.Which of the following is correct regarding Capital Adequacy ratio?

The objective of Capital adequacy is to strengthen the financial stability of banks. 

Capital is divided into two tiers, tier-I and tier-II. 

Assets are assigned risk weight from 0-100 based on intensity of risk . All of the above

Insurance Quiz

1.Certificates of Deposit may be issued by

Select all-India Financial Institutions that have been permitted by RBI to raise short-term resource

Local Area Banks (LABs) 

Scheduled commercial banks excluding Regional Rural Banks 

All of the above

2.The material difference between debentures and bonds is/are

Debentures are governed by relevant provisions of company law 

Debentures are transferrable on registration 

Bonds are negotiable instrument governed by law of Contract All of the above

3."Bridge Loan" Denotes

Interim finance by a bank pending disbursement of term loan by financial institutions 

Loan granted to Public Works Department for construction of bridge over big rivers 

a product aimed at financing construction companies for construction of bridge 

Loan granted for building of bridges which has been World Bank

4.Expand BIFR

Board for Industrial and Financial Reconstruction 

Bureau for Industrial and Financial Reconstruction 

Bureau for Industrial and Financial Reconstruction 

Bureau for Investment and Financial Reconstruction

5.In case of Life Insurance policies for whole -life, the insured amount is payable

After a specified period 

On the death of the policyholder 

On demand by the policy- holder

Upon maturity of the policy or death of the policyholder whichever happens earlier

Banking and Insurance Quiz

1.The largest Bank in the world in the matter of number of branch offices is

Banks of America NT & SA State Bank of India Barclays Bank Citi Bank

2."Hot Money" means

Money earned through illegal transactions money earned through speculative transaction money used to hoard scarce commodities Short-term capital movements from one country to another seeking safety or, less often, higher rate of interest

3."Free zone" or "free trade zone" denotes

an area where there are no restrictions of any kind on trading activities an area where there is free from any kind of taxes an area near a seaport or airport in which goods can be imported duty-free, if they are to be re-exported or used in the manufacture of goods for export manufacture of goods for export

4.Every bank wishing to commence banking business in India is required to obtain a license from

Government if India, Ministry of Finance Government of India, Company Law Board Reserve Bank of India 

Registrar of Companies

5.Financial literacy is a serious issue for RBI because

It would enable better understanding of banking business 

With better understanding more and more people would utilise the banking services 

It would mean banks can do more business 

It would mean the maximum number of people