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1. Which among the following accounts is a
Regulated deposit?
1) Recurring Account 2) Current Account
3) Savings Account 4) Fixed Deposit
5) None
2. If any deposit is a regulated deposit, it is con-
trolled by ..........?
1) State Bank of India 2) SEBI
3) Government of India 4) RBI
5) Ministry of Finance
3. Effective from 1, April 2010, the interest rates
on Savings accounts to be paid on ..........?
1) monthly basis 2) bi-monthly basis
3) quarterly basis 4) yearly basis
5) daily basis
4. The rate of interest on Savings account
presently 4 % per annum. Since..........it was
only 3.5 % per annum?
1) 2009 2) 2008 3) 2004 4) 2007 5) 2003
5. The Reserve Bank of India intends to dereg-
ulate the savings bank rates. It released a
discussion paper and Public feedback
sought by..........connecting to deregulation
of these accounts.
1) 1 April 2011 2) 31 March 2011
3) 31 October 2011 4) 31 September 2011
5) 20 May 2011
6. Consider the following statements
a) A person saves money from his regular
income.
b) He wants to save the money in an
account which permits withdrawals any
time with rational rate of interest.
c) He also want to issue cheques in favour
of others.
d) He wants to use ATM card also
The most suitable account for him is
...........?
1) Recurring account 2) Fixed deposit
3) Saving account 4) Current account
5) None
7. The most preferable account for low-income
households in rural and semi-urban areas?
1) Fixed Deposit 2) Current Account
3) Corporate Account 4) Kiddy Account
5) Savings Account
8. Which account in India is called the common
man account?
1) Recurring account 2) Fixed deposit
3) Savings account 4) Current Account
5) Kiddy account
9. Consider the following statements
a) A business man wants to deposit money
in huge amounts. Many times he deposit
money more than once in a day.
b) He also desires to withdraw money many
number of times as it is essential to his
business.
c) The rate of interest is least bothered.
d) He wants cheque facility, inevitable for
him to do the business transactions.
Suggest him which is a suitable account for
him?
1) Savings Account 2) Fixed deposit
3) Current Account 4) Corporate Account
5) None
10. Which account is also a regulated deposit
other than Savings account in India?
1) Current Account 2) Recurring Account
3) NRI Account 4) Fixed Deposit
5) None
11. The combination of both Savings and
Current Accounts called ..........?
1) SACA (Savings and Current Account)
2) SAVCUR (Savings and Current Account)
3) CASF (Current and Saving Fund)
4) SACUF (Savings and Current Funding)
5) CASA (Current and Savings Account)
12. Which bank claimed to have 51% of CASA
(Current and Savings Account), the low
cost deposits?
1) State Bank of India 2) Syndicate Bank
3) HDFC 4) ICICI 5) Bank of India
13. Highest rate of interest fetch by ..........?
1) Savings Deposit 2) Current Account
3) Fixed Deposit 4) Recurring Account
5) None of the above
14. Reserve Bank of India manages the circu-
lation of Currency. Who decides the
Currency denominations?
1) Reserve Bank of India itself
2) Finance Commission
3) Government of India
4) Planning Commission
5) National Economic Advisor
15. The country's first-ever socio-economic
and caste Census to identify people living
below poverty line (BPL) started on June
29, 2011 at tribal village of Sankhola of
..........?
1) Maharashtra 2) Andhra Pradesh
3) Jammu 4) Bihar 5) Tripura
16. Urban-Rural population details
are given. Pick the correct option?
a. Registrar General of India and Census
Commissioner C. Chandramouli had
revealed the details on 15 July 2011.
b. Of the 121 crore Indians, 83.3 crore live
in rural areas (70% of the population)
while 37.7 crore live in the Urban areas
c. The level of urbanization increased from
27.81 percent in the 2001 Census to
31.16 percent in the 2011Census
d. The proportion of rural population
declined from 72.19 percent to 68.84
percent
e. More rural people live in Uttarpradesh
(15.5 crore), Mumbai tops the list having
the maximum number of people in urban
areas at five crore.
f. Meghalaya (27 per cent), Bihar (24 per
cent) shown more growth in population in
the last decade.
g. Four States that recorded a decline in the
rural population during 2001-11 are
Kerala (by 26 percent), Goa (19 percent),
Nagaland (15 percent) and Sikkim (5 per-
cent).
1) a b c d e f g 2) b c d e f 3) a c d e f g
4) c d e f g 5) a c e f g
17. Floating / Variable-rate Loan means..........?
1) the interest rate will change according to
the increasing and decreasing movement
of interest rates.
2) the interest rate depends on the moment
of foreign exchange rates fixed by RBI.
3) the interest rate fixed by RBI regarding
Repo Rate.
4) the interest rate varied by RBI in the giv-
ing of loans to USA Companies alone.
5) None
18. The fifth meeting of the Conference of the
Parties ( COP 5) held in .......... to discuss
about the harmful use of Pesticides and
Fertilizers on 20 June -24 June 2011?
1) Rome 2) New York 3) Washington
4) Auckland 5) Geneva
19. ..........received the Raman Megassasay
Award-2011 to lit the Solar lights in
Karnataka?
1) Arundhathi Roy 2) Baba Ramdev
3) Harish Handey 4) Sheila Dikshit
5) Aruna Roy
20. Which government
initiated to set up
rain harvesting
system in the
Schools under
Mahatma Gandhi
National Rural
Employment
Guarantee
Scheme?
1) Andhra Pradesh 2) West Bengal
3) Haryana 4) Goa 5) Tamilnadu
21. Which committee was appointed by Indian
Banks' Association( IBA) on restructure
and analyzing Rural credit?
1) Thakkar 2) Rajmannar 3) Samal
4) Narasimham 5) Usha Thorat
22. ..........committee appointed on securities
transactions of banks and financial institu-
tions?
1) Malhotra 2) Subba rao 3) Janakiraman
4) Khanna 5) Shyamala committee
23. To review the 'system of lending
under consortium arrangements
and to suggest improvement
therein' .......... committee was
appointed?
1) Kohli 2) Eradi 3) Kelkar
4) Subhir Gokarn 5) J.V.Shetty
24. To study on 'Bank Frauds and the
consequences' ..........Committee
was appointed?
1) Dave 2) Jilani 3) Pillai
4) Dandekar 5) Ghosh
25. Which committee was appointed on
technology issues (EFT, DVS, NICNET,
MICR, SWIFT) in the banking industry?
1) Sodhani 2) Kailash 3) Saraf
4) Purushottam Das 5) Damle
26. R.V.Guptha committee set up by RBI sub-
mitted its report on ..........?
1) Customer Service
2) Industrial loans
3) Agriculture loans
4) Collateral Securities
5) Any where banking
27. Verma Committee submit recommenda-
tions on..........?
1) Rural banking 2) Weak banks
3) Foreign bank role in Agriculture loans
4) SSI 5) increasing powers of Officers
28. Which committee submitted a report on the
'role of banks in Priority sector and 20 point
Economic Programme'?
1) R N Mirdha 2) Mahadevan
3) Krishnaswamy 4) Dantwale 5) Kamath
29. Pannir Selvam Committee submitted report
on..........?
1) NPA of banks 2) Consortium lending
3) RRBs 4) Courier system of banks
5) Solied notes
30. Bailout package means..........?
1) give the bail to company directors by the
court to attend the important work
2) To rescue a company or nation which is
in financial difficulties
3) To release loan funds to banks by RBI on
Sunday
4) Initiation of Police to give bail to company
directors
5) None
31. Hyper inflation means ..........?
1) Extremely rapid or out of control deflation
2) Extremely slow growth of inflation
3) Extremely rapid or out of control Inflation
4) inflation not at all seen
5) None
32. On 20 August 2011, Union bank of India
launched .......... an information window for
the customers and employees, informative
contents would be displayed on a digital
screen.
1) Union Viplav 2) Union Kabar
3) Union Chimtan 4) Union Dekho
5) Union Chetna
33. On 17 August 2011, IIFCL said it raises Rs.
11,000 crore via bond issues by the end of
fiscal Year. IIFCL means ..........?
1) India Infrastructure Finance Corporation
Limited
2) India Indemnity Finance Company
Limited
3) India Infrastructure Fund Company
Limited
4) International Infrastructure Finance
Company Limited
5) India Infrastructure Finance Company
Limited
34. To Provide food grains and other essential
items to the vulnerable section of the peo-
ple, PDS started. PDS means ...........?
1) Private Distribution System
2) Point Distribution System
3) Poor Distribution System
4) Public Distribution Signal
5) Public Distribution System
35. On 12 July, 2011 which state was selected
to start the prestigious scheme 'National
Resource Centre for Women's
Empowerment?
1) Andhra Pradesh 2) Goa 3) Maharastra
4) Tamilnadu 5) Rajasthan
36. Which nation ordered 'Stress Test' of all its
atomic plants, to ensure more safety?
1) England 2) France 3) Japan
4) India 5) USA
37. 19th Asian Athletics championships con-
cluded in ............?
1) Kobe( Japan)
2) Incheon( South Korea)
3) New Delhi( India)
4) Tokyo(Japan)
5) Moscow(Russia)
A. VEERASWAMY
Bailout package means?
General Awareness
KEY
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