Current Affairs

1.Dalal Street is in

Kolkata - famous for jute market 

Mumbai - famous for stock exchange market 

Delhi -famous for Kabari (Waste goods) market 

Bangalore - famous for race course

2.When was the Imperial Bank of India nationalized?

1948 1950 1955 1969

3.Most banks are offering teaser rates on home loans. What does it mean?

The rates keep fluctuating during the period of loan with high uncertainty 

The initial rate is offered at a rate lower than the prevailing market rate for a few months and then gradually keeps increasing 

The initial rate is higher than the current market rate with offer of lower rates at a later date 

Home loan borrowers of shorter duration are given preferential rate

4.There are many security features which are regularly being explained and stressed to check against forged currency notes. One of them is Intaglio printing. What is it?

It is specialized printing of Rs.1,000 and Rs. 500 denomination currency notes.

It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc. 

It is printing on special printing press of RBI 

It is printing through special inks of the security features on curency etc.

5. NABARD was established on the recommendation of

Public Accounts Committee 

Shivaraman Committee 

Narasimham Committee 

Khandelwal Committee

Banking Awareness

1."Treasury bills" means

salary bills drawn by Government officials on the treasury

bills drawn by the Government contractors and other supplies on the treasury for the dues owed to them by the Government

obligations of the Government of India issued by the Reserve Bank of India and payable normally ninety-one days after issue a node of drawings by the Treasury Officer on the Reserve Bank of India

2."Token money" means

coins where the value of metal in them is equal to the value attached to them by law

coins where the value of metal in them is less then the value attached to them by law

coins where the value of metal in them is more than the value of metal attached to them by law

money represented by the tokens of specified values issued by the Reserve Bank of India

3."Bulls and Bears" term is used in

bullion markets 

vegetable markets 

stock exchange 

commodity markets

4.The definition of the priority sector was first formalised in 1972 by

Planning Commission 

National Development Council 

Reserve Bank of India 

Ministry of Finance, Government of India

5.Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by

Reserve Bank of India Act, 1934 

Companies Act, 1956

Banking Regulation Act, 1949 

Special Powers given by the Union Ministry of Finance

Current Economics Quiz

1.The term "hyper - inflation" is used to denote

a situation with a moderate rise in price livel 

an inflationary situation where the external forces are the primary contributing factors

a "runway" or "galloping" inflationary situation where the monetary unit becomes almost worthless 

a situation where the cost of living index is rising alarmingly

2."Funded debt" means

all Government securities which are marketable on the stock exchange market 

all Government debt which is not marketable on the stock exchange market 

Government borrowings guaranteed by the Government

Institutional borrowings guaranteed by the Government

3."Free port" denotes

a port where there are no restrictions on incoming and outgoing vessels 

a port where no licence is required for import of goods

a port which allows entry to goods without payment of import duty

a port which allows free entry to goods which are to be re-exported

4."Free trade area" denotes

a group of countries which have decided to impose no duties of any kind on their imports 

a group of countries which have decided to impose no duties of any kind on imports from other members of the group

an area where there are no restrictions of any kind on the trading activities

an area where trade is free from kind of taxes

5."Floating debt" denotes

Government securities with no definite rate of redemption, but which may be redeemed any time at the discretion of the Government 

that part of the public debt which consists of short- term borrowings by the Government 

Government securities which continue changing hands

 Government securities whose date of maturity falls within next five years

GK and Banking Awareness

1.The Infrastructure Development Bank of India has its Headquarter in

New Delhi Mumbai Bangalore (Bengluru) Kolkata

2.The guarantor of a customer's account has the right to

inspect of a customer's account has the right be provided with the statement of the account be informed only about the extent of his liability be provided with all the information about the way the account is conducted

3.The term "Balance of Trade" means

A point where the values of imports and exports are equal The term is used with reference to bilateral trade agreements with the countries of CIS Block the difference between the cost of the imports and exports of a country the difference between the total of transactions with foreign countries in trade, services and capital

4.The term "bank money" is used to denote

loans and advances granted by the commercial banks demand deposits used as money, i.e., deposits withdrawable by cheques loans granted by the Reserve Bank of India to the commercial banks money provided by the Reserve Bank of India to the Government

5."Multi - Currency basket" means

a number of international currencies to which the value of SDRs is linked selected international currencies to which the value of Asian Monetary Unit is linked number of major international currencies to which the external value of the Indian rupree is linked the name given to a group of West European currencies

Banking Awareness

1.When was the Imperial Bank of India nationalized?

1948 1950 1955 1969

2.Most banks are offering teaser rates on home loans. What does it mean?

The rates keep fluctuating during the period of loan with high uncertainty 

The initial rate is offered at a rate lower than the prevailing market rate for a few months and then gradually keeps increasing

The initial rate is higher than the current market rate with offer of lower rates at a later date

Home loan borrowers of shorter duration are given preferential rate

3.There are many security features which are regularly being explained and stressed to check against forged currency notes. One of them is Intaglio printing. What is it?

It is specialized printing of Rs.1,000 and Rs. 500 denomination currency notes. It is raised printing on the currency notes of RBI seal, Ashoka Pillar emblem etc. It is printing on special printing press of RBI It is printing through special inks of the security features on curency etc.

4.What is 'NIKKEI'?

Share Price Index of Tokyo share market 

Name of Japanese Central Bank

Japanese name of the country's Planing Commission 

Foreign Exchange market of Japan

5.NABARD was established on the recommendation of

Public Accounts Committee

Shivaraman Committee

Narasimham Committee 

Khandelwal Committee