General Awareness MCQ Questions and Answers

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Q651
Micro credit or micro finance is a novel approach to banking with the poor. In this approach bank credit is extended to the poor through-
  • A Self Help Groups
  • B Anganwadees
  • C Cooperative Credit Societies
  • D RBI
Answer: Option A
Q652
TRAI regulates the functioning of which of the following ser-vices ?
  • A Port
  • B Trade
  • C Telecom
  • D Transport
Answer: Option C
Q653
Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts ?
  • A Fiscal Responsibility and Budget Management Act
  • B Banking Regulation Act
  • C Financial action Task Force Act
  • D Foreign Exchange Management Act
Answer: Option D
Q654
Mutual funds are regulated by-
  • A Association of Mutual Funds of India (AMFI)
  • B Securities and Exchange Board of India (SEBI)
  • C Reserve Bank of India
  • D IRDA
Answer: Option B
Q655
Bancassurance is-
  • A an insurance scheme to insure bank deposits
  • B an insurance scheme exclusively for the employees of banks
  • C a composite financial service offering both bank and insurance products
  • D a bank deposit scheme exclusively for employees of insurance companies
Answer: Option C
Q656
Sarva Shiksha Abhiyan is aimed at the education of which of the following ?
  • A Education of children between 6–14 years
  • B Education of girls up to graduation level
  • C College education
  • D Adult education
Answer: Option A
Q657
Jnanpith Award is given for excellence in the field of-
  • A Social service
  • B Sports
  • C Classical dance
  • D Music
Answer: Option
Q658
 Which of the following bills presented in the Parliament will bring some changes in existing tax regime ?
  • A Direct Taxes Code (DTC) Bill
  • B Foreign Exchange Management Regulatory Bill
  • C Companies Act Bill
  • D Salaries and Perks for MPs Bill
Answer: Option A
Q659
The full form of PIN in a ATM card is-
  • A Permanent Information Number
  • B Personal Identification Number
  • C Professional Identification Number
  • D Permanent Identification Number
Answer: Option B
Q660
Which of the following is not the function of RBI ?
  • A Maintaining Forex
  • B Decides Bank rate, CRR and SLR from time to time
  • C Opening Savings Accounts for general public
  • D Prescribes the Capital Adequacy Ratio
Answer: Option C

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