General Awareness MCQ
General Awareness MCQ
1. Which of the following is/are the objective(s) of Free Trade Agreement, India has done with many countries ?
1. To provide support to entrepreneurs for setting up new projects in tiny/SSI sector.
2. For undertaking expansion of business.
3. To support technology up-gradation.
1. To provide support to entrepreneurs for setting up new projects in tiny/SSI sector.
2. For undertaking expansion of business.
3. To support technology up-gradation.
- Only 1 and 2
- Only 2 and 3
- All 1, 2 and 3
- Only 1 and 3
2. One single statement that depicts the financial position of a bank and/or business enterprise at a given point of time is called—
- Statement of product details
- Reconciliation Statement
- Balance Sheet
- Quarterly returns submitted to RBI
3. Banks borrow money from the RBI on which of the following rates ?
- Reverse Repo Rate
- Repo Rate
- SLR
- CRR
4. The Reverse mortgage scheme is launched to give benefit to which of the following groups of society ?
- Govt. employees
- Senior Citizens
- Unemployed youth
- War widows
5. What does the letter ‘M’ depict in the term SME as used in the financial world ?
- Maximum
- Medium
- Mercantile
- Mutual
6. One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts is passed to prevent this activity ?
- Payment & Settlements Act
- Banking Regulation Act
- Negotiable Instrument Act
- Narcotics and Psychotropic Substance Act
7. Which of the following organizations provides guarantee to the exporters ?
- Exim Bank
- Export Credit Guarantee Corporation
- Director General Foreign Trade
- Reserve Bank of India
8. Which of the following terms is not used in Banking World ?
- Credit
- Rate
- Financial Status
- Discount
9. What is the full form of IRR as used in banking/financial sectors ?
- Internal Rate of Return
- Internal Revaluation Reserve
- Investment Reserve Ratio
- Internal Risk Return
10. Which of the following organisations provides credit history of the borrowers ?
(A) CIBIL
(A) CIBIL
- ARCIL
- SEBI
- RBI
- CCIL