Banking Quiz 3

Banking Awareness Quiz 3

1)

Which among the following is the correct character of the Foreign Exchange Markets?

A) Foreign Exchange markets are localized markets
B) Foreign exchange markets operate within a country’s time zone
C) Foreign exchange markets are dynamic and round the clock markets
D) Foreign exchange markets are used only for trade related transactions

2)

Which among the following Industrial Policy resolution/ statement was based upon the Mahalanobis Model of growth?

A) Industrial Policy resolution – 1956
B) Industry Policy statement – 1973
C) Industrial Policy statement -1977
D) Banking Policy 1969

3)

The term ‘round-tripping’ often appears in financial news these days. What does it mean?

A) Importing products that are not easily available in the domestic markets
B) Indian companies re-exporting imported products without any value addition
C) Bringing back illicit money hidden abroad by Indian s under a different name
D) Imposing high customs duty to discourage dumping of goods in Indian market

4)

The government has tasked three institutions to conduct studies to estimate the quantum of illicit funds generated by Indian citizens recently. Which of the following is not among one of the three institutions selected?

A) National Institute of Public Finance and Policy
B) National Institute of Bank Management
C) National institute of Finance Management
D) National Council of Applied Economic Research

5)

India announced that it was taking steps to reduce the” sensitive lists” of items for trade with SAARC countries recently. Which of the following is correct about items in “sensitive lists”??

A) Items which are costlier to produce in India
B) Items whose import leads to lower prices for Indian consumer
C) Items whose import reduces the market share of domestic producers
D) Items which are injurious to health such as tobacco and alcohol

6)

Which country’s gold output of 30.88 tonnes was the highest in the world in 2010?

A) Canada
B) South Africa
C) China
D) USA

7)

S. Sundar Committee was in news recently for its report on which of the following?

A) Land Acquisition Act, 1894
B) Copyright Act, 1957
C) Right to Information Act, 2005
D) Motor vehicles Act, 1988

8)

Global Employment Trends 2011 report of the International Labour Organization (ILO) was released recently. Which of the following statements is/are correct?
I. The number of unemployed increased in 2010.
II. The global unemployment rate declined in 2010
III. Labour productivity improved in 2010

A) I only
B) I and II only
C) II and III only
D) III and I only

9)

Which of the following became the first oil & Gas Company to find shale gas deposits in India recently?

A) Reliance Industries Ltd.
B) Carin India
C) Essar Oil
D) ONGC

10)

Which of the following companies belonging to the Tata Group has not been acquired from abroad?

A) Corus
B) Hispano Carrocera
C) Jaguar Land Rover
D) Trent