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Wednesday, 9 August 2017

Banking Awareness Quiz | 09 - 08 - 17

Mahendra Guru : Online Videos For Govt. Exams

Banking Awareness Quiz | 09 - 08 - 17




Q.1. What is Earned Income Tax Credit (EITC)? 


(1) The United States federal Earned Income Tax Credit (EITC) is a refundable tax credit that helps low- and medium-income individuals and couples, primarily for those who have qualifying children. 


(2) The United States federal Earned Income Tax Credit (EITC) is a non refundable tax credit that helps non working people with limited income 


(3) The United States federal earned income tax credit (EITC) is a refundable tax credit that helps low- and medium-income individuals and couples, primarily for those who have qualifying children. 



(4) The United States federal Earned Income Tax Credit(EItc or EIC) is a non refundable tax credit that helps working women with low income 


(5) None of these 


Q.2. Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIP). Consider the following with respect to SIPs: 


(A) Mutual Funds 


(B) Small Savings Schemes in Post Offices 


(C) National Pension Fund 


(D) National Savings Certificate 


SIPs are investment options operated in which of the above fields? 


(1) Only A 


(2) Only B 


(3) Only C 


(4) A and B 


(5) All A, B, C and D 


Q.3. The Indian government has been subsidizing many industries and products since independence. It provides subsidy on which of the following commodities? 


(1) Fertilizers 


(2) Seeds 


(3) Tractors 


(4) Feed Grinder 


(5) None of these 


Q.4. Which of the following is not covered under the scope of the ALM functions? 


(1) Liquidity risk 


(2) Credit risk 


(3) Currency risk management 


(4) Interest rate risk 


(5) None of these 


Q.5. What is the minimum period of time for which one can open an FD account? 


(1) 1 year 


(2) 6 months 


(3) 7 days 


(4) 15 days 


(5) None of these 


Q.6. Which of the following organizations basically look after the formulation of standards for all segments of industry and business? 


(1) Central Boardof Exciseand Customs 


(2) Central Industrial Security Force 


(3) Bureau of Indian Standards (BIS) 


(4) India Trade Promotion Organisation (ITPO) 


(5) None of these 


Q.7. Which of the following cannot be termed as a negotiable instrument? 


(1) P-Note 


(2) Bill of Exchange 


(3) Cheque 


(4) CDs 


(5) All of the above 


Q.8.Which of the followowing statement(s) is/are Not true with respect to FCRA? 


(1) It stands for Forward Contracts Regulation Act. 


(2) In commodity exchanges in India, Index Futures are not permitted, as some of the provisions of the FRCA do not allow the same. 


(3) It came into existence in 1950 


(4) The FCR Act provides for the regulation of commodity futures markets in India and the establishment of the Forward Markets Commission (FMC). 


(5) None of these 


Q.9. Which of the following statement/s is/are true about SEBI? 


(1) SEBI was established in 1988 


(2) It was made a fully autonomous body in 1992 


(3) It regulates the securities market and protect the interests of investors in securities 


(4) All of the above 


(5) None of these 


Q.10. In which city the Bank of International Settlements (BIS) located? 


(1) New York 


(2) Basel 


(3) Washington 


(4) Davos 


(5) Paris




Answers- 

Q.1.(3) 

Q.2.(1) 

Q.3.(1) 

Q.4.(2) 

Q.5.(3) 

Q.6.(3) 

Q.7.(4) 

Q.8.(3) 

Q.9.(4) 

Q.10.(2)

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