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Financial Awareness Practice Set 1

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Financial Awareness Practice Set 1

shape Introduction

What is meant by Financial Awareness ? Financial awareness foundation is financial literacy, which is defined as: The ability to use knowledge and skills to effectively manage financial resources efficiently at a personal-level and through the life cycle.
Financial Awareness Practice Set 1 is a section that is present in most of the banking competitive exams. Candidates planning to take up employment in the banking sector must be aware of many of the terms policies and other such important information related with financial awareness. The article Financial Awareness Practice Set 1 provides quiz sets useful to the candidates while preparing Various Banking & Government Exams like SBI PO, SBI Clerk, SSC CPO, SSC CHSL.

shape Quiz

1. Upper limit on investment in Kisan Vikas Patra (KVP)is ___
    A. Rs. 5000 B. Rs. 10000 C. Rs. 50000 D. Rs. 25000 E. No upper limit

Answer: Option E
2. Slogan of Reserve Bank of India is _________.
    A. India's central bank B. World wise C. Honors your trust D. Invest with condence E. Where vision gets built

Answer: Option A
3. What is Special Drawing Right(SDR)?
    A. an urban free market economic process of entrepreneurs replacing the imports of the city with production from within the city. B. is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries. C. a series of pre-dened commercial terms published by the International Chamber of Commerce (ICC). They are widely used in International commercial transactions or procurement processes. D. a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries. E. a government policy to encourage export of goods and discourage sale of goods on the domestic market through direct payments, low-cost loans, tax relief for exporters, or government-nanced international advertising.

Answer: Option B
4. Which of the following is a type of bank account?
    A. Savings B. Recurring C. Fixed D. None of the above E. a,b and c

Answer: Option E
5. Money Market is divided into how many types?
    A. 2 B. 5 C. 3 D. 4 E. 6

Answer: Option C
1. A loan to pay for a home, business or other real estate over a period of time is a _______.
    A. Credit B. Deposit C. Mortgage D. Bankruptcy E. Debit

Answer: Option C
2. What is the type of cheque which is presented for payment after 3 months from the date of the cheque?
    A. Stale Cheque B. Post-Dated Cheque C. Ante-Dated Cheque D. Order Cheque E. Certied cheque

Answer: Option A
3. An Non-Resident Ordinary Rupee Account for non-resident Indians has a limit of ___.
    A. $50000 B. $1 million C. $100000 D. $2.5 million E. $1.5 million

Answer: Option B
4. An asset is tagged as non performing when it ceases to generate income for the lender after how many days?
    A. 100 B. 90 C. 200 D. 365 E. 150

Answer: Option B
5. Who was the rst governor of of the Reserve Bank of India (RBI)?
    A. James Braid Taylor B. Harvey Adamson C. Andrew Henderson Leith Fraser D. Lancelot Graham E. Osborne Smith

Answer: Option E
1. Which state is called the ‘Cradle of Banking’ in India, as seven leading banks of India have originated from this state?
    A. Gujarat B. Karnataka C. Maharashtra D. West Bengal E. Delhi

Answer: Option B
2. What is the rank of India among the world’s Top-Ten largest manufacturing countries in the United Nations Industrial Development Organization (UNIDO) 2015 Yearbook report?
    A. Fourth B. Fifth C. Sixth D. Seventh E. Eighth

Answer: Option C
3. Abbreviation NBFC stands for:
    A. Non-Broking Financial Company B. New Banking Financial Company C. Non-Banking Financial Company D. Non-Banking Financial Corporation E. National Bonds and Finance Corporation

Answer: Option C
4. Which among the following is world’s fastest stock exchange with a median trade speed of 6 microseconds?
    A. New York Stock Exchange B. London Stock Exchange C. Bombay Stock Exchange D. Shanghai Stock Exchange E. Tokyo Stock Exchange

Answer: Option C
5. Which among the following has become the top mobiliser under Gold Monetisation Scheme, which was launched by Prime Minister Narendra Modi in November 2015?
    A. BOB B. SBI C. IOB D. PNB E. Canara Bank

Answer: Option D
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