Banking Awareness Question for SBI, Banks Recruitment

21. How much amount (in Rs. crores) was allocated for raising credits to the farmers in the Union Budget 2011-12?
    1) Rs. 475000 crores
    2) Rs. 575000 crores
    3) Rs. 675000 crores
    4) Rs. 775000 crores
    5) None of these

22. As we all know Banks in Indiaare required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called :
    1) Statutory Liquidity Ratio
    2) Cash Reserve Ratio
    3) Bank Deposit
    4) Reverse Repo
    5) Government Securities

23. Which of the folowing is considered Non Tax Revenue of the Govt. of India as projected in the Union Budget ?
    1) Income Tax   
    2) Custom Duty
    3) Service Tax   
   4) Corporate Tax
    5) Dividends & Profits

24. FDI stands for _

(a) Foreign Direct Investment
(b) Foreign Diverse Investment
(c) Frequent Direct Interest
(d) Follow-up Discreet Intent

25. What is Rupee depreciation?

(a) Rupee depreciation means that rupee has become less valu­able with respect to dolllar
(b) Rupee depreciation means dollar has become less valuable than rupee
(c) Rupee depreciation means a situation when value of rupee is same as euro
(d) Rupee depreciation happens when the combined value of dollar and euro is more than rupee

26. Indirect tax does not include _

(a) Customs
(b) Central Excise
(c) Sales Tax
(d) Service Tax

27. CRISIL is a _

(a) Credit rating agency
(b) Employment exchange watchdog
(c) Infrastructure sector guide
(d) Market regulator

28. Which  forms a part of the Interest Rate Policy ?

(a) Fiscal Policy
(b) Industrial Policy
(c) Monetary Policy
(d) None of these

29. Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States ?

(a) 28.5%
(b) 29.5%
(c) 30.5%
(d) 31.5%

30. Credit cards are used for –

(a) Cash withdrawals
(b) Purchase of air tickets
(c) Purchase of consumable items from retail outlets
(d) All of these
(e) None of these

31. SEBI is a—

(a) Statutory body
(b) Advisory body
(c) Constitutional body
(d) Non-statutory body

32. 13th Finance Commission has been constituted under the Chairmanship of—

(a) Y. S. P. Thorat
(b) Vijai L. Kelkar
(c) T. S. Vijayan
(d) Laxmi Narayan

33. NABARD was established on the recommendation of—

(a) Public Account Committee
(b) Shivaraman Committee
(c) Narsimham Committee
(d) None of these

34. VAT is imposed—

(a) Directly on consumer
(b) On final stage of production
(c) On first stage of production
(d) On all stages between production and final sale

35. Mixed Economy means—

(a) Co-existence of small and large industries
(b) Promoting both Agriculture and Industries in the economy
(c) Co-existence of public and private sectors
(d) Co-existence of rich and poor