General Awareness for Bank Officers Questions and Answers

Equity schemes managed strong NAV gains, which boost their assets’ was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?

As per reports published in various news papers, mutual fund companies showed 94 per cent growth in their total profits during 2009-10. This means the profits earned by these companies were 94 per cent-

As per the news published in various newspapers Pakistan has imposed 15 per cent regulatory duty on exports of cotton yarn. Why countries are required to impose regulatory duties on exports of some of their commodities while in the eyes of the layman more exports means more foreign exchange and more revenue for the Govt. ? 1. It is done to control the exports of a commodity as it may be needed more in local markets than in foreign countries. 2. It is done to control the general inflation in the country as the inordinate exports of various commodities create imbalance and also cost push inflation. 3. It is a good short time measure to collect more revenue from the exports of the commodity which is in high demand in overseas markets.

As per the reports published in some major newspapers ‘ADAG companies’ made good profits during the year. ADAG companies are popularly known as-

ONGC–Mittal Energy finds hydrocarbons in two blocks OPL-279 & OPL-285 in Nigerian sea was the news in some major newspapers. what is the full form of the term OPL as used in the above head line ?

"Mutual Funds reported exceptional performance in 2009-10" was the news in major financial newspapers recently. What is a mutual fund ? 1. A type of collective investment scheme that pools money from many investors and invest it in stocks, bonds or other money market instruments. 2. It is a subsidiary of a bank or financial company created specially to ralse money to be invested in a particular industry i.e. housing or insurance etc. The money raised thus cannot be invested anywhere else. 3. When several banks and financial companies come together and create a common pool of money to fund mega infrastructural project like bridges, roads, power plants etc. the common pool is known as Mutual Fund.

As we all know the Bank Rate at present is fixed at 6%. What does it mean in context to the banking operations ?

As per the reports in various newspapers many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organizations/agencies issue the licence for the same ?

We very frequently read about Europe’s Sovereign-debt crisis these day. Which of the following statement/s is/are true about the same ? 1. In early 2010 the Euro crisis developed in some countries like Greece, Spain and Portugal. 2. This created a credit default swap between the countries of the European Union. 3. SAARC countries have offered some assistance to some of severely affected countries like Portugal, Spain and Greece.

As we all know the RBI has raised the Cash Reserve Ratio (CRR) by 25 bps in April 2010. What action banks will have to take to implement the same ? 1. They will have to deposit some more money with the RBI as a reserved money. 2. Banks will be required to give some more loan to projects of the priority sector. 3. Banks will be required to give loan equivalent to the CRR to the Govt. of India for its day to day expenditure as and when required.