1. As per the modern definition of the bank, which is the first bank established in India in 1786?
1) The General Bank of India
2) Union Bank of India
3) Allahabad Bank
4) Indian Bank of Calcutta
5) Maharaja Rana Pratap Bank
2. One of the earliest banks in India, Bank of Hindustan was established in?
1) 1850
2) 1890
3) 1870
4) 1910
5) 1790
3. Few Indian Merchants established Union Bank in 1839 (not Union Bank of India) at?
1) Calcutta
2) Bombay
3) Nagpur
4) Hyderabad
5) Shimla
4. One of the oldest joint stock banks, Bank of Upper India in 1863, merged with?
1) Allahabad Bank
2) British Indian Bank
3) Indian Catholic Bank
4) Punjab National Bank
5) Alliance Bank of Shimla
5. First entirely Indian joint stock bank Oudh Commercial Bank was established in 1881 at?
1) Faizabad (Uttar Pradesh)
2) Bhopal (Madhya Pradesh)
3) Godhra (Gujarat)
4) Varanasi (Uttar Pradesh)
5) Calcutta (West Bengal)
6. The first phase of Indian banking runs between 1786 to 1969. The highlights of this period include?
1) Establishment of banks in India
2) Report of Hilton-Young Commission
3) Establishment of Reserve Bank of India
4) Establishment of State Bank of India
5) All of the above
7. The second phase of Indian banking runs between 1969 to 1991. The highlights of this period include?
1) Nationalization of banks
2) Insurance of bank deposits
3) Setting up of Regional Rural Banks
4) Establishment of NABARD
5) All of the above
8. Third phase of Indian Banking runs between 1991 till today. The highlights of this period include?
1) Introduction of banking reforms
2) Infusion of Information Technology
3) More entry of Foreign banks
4) Customer Banking
5) All of the above
9. Economic and Banking pundits divide the functions of RBI into three categories. They are?
1) Traditional, Promotional and Aggressive
2) Frictional, Promotional and Supervisory
3) Traditional, Promotional and Selective
4) Direct, Autocrat and Supervisory
5) Traditional, Promotional and Supervisory
10. ......functions of Reserve Bank of India include Banker to the government, issuing of currency notes, control the foreign exchange, and fight against the economic crisis.
1) Traditional
2) Promotional
3) Supervisory
4) Autocrat
5) Negligent
11. New innovations in the banking business, promoting loans to poorer and small sections of society, engaging other agencies to float credit like NABARD etc. are to be termed as the ...... functions of RBI.
1) Traditional
2) Supervisory
3) Selective
4) Promotional
5) Elusive
12. Licensing, controlling other institutions which do the part banking, and review of banks performance are the ......functions of RBI.
1) Promotional
2) Supervisory
3) Traditional
4) Educative
5) Indirect
13. On 8th November 2012, which bank and Vodafone declared they offer 'm-pesa', a mobile - money transfer and payment service?
1) SBI
2) Bank of India
3) Union Bank of India
4) OBC
5) ICICI
14. On 2nd November 2012, which bank declared to set up 24-hour multi-function self service counters at its 500 branches by March 2013?
1) Andhra Bank
2) United Bank of India
3) Lakshmi Vilas Bank Ltd.
4) Dena Bank
5) Punjab National Bank
15. To which country, Union cabinet approved to give $ 25 million in terms of the standby credit facility on 24th September 2012?
1) Pakistan
2) Afghanistan
3) Somalia
4) Mozambique
5) Maldives
16. To promote water-efficient agriculture through sustainable and efficient use of resources, which international monetary organization has approved to give $ 109 million to Rajasthan?
1) IMF
2) AFD
3) ODA
4) ADB
5) World Bank
17. Pranab Mukherjee is the President of India.
Pick the wrong statement not related to him.
1) He was the Prime Minister of India between 1999-2004
2) He served as the Union Minister for Defence
3) He served as the Union Minister for External Affairs
4) He was the Ex-Finance Minister of India
5) He was instrumental in the growth of Indian economy in the post economic reform era by serving as the Deputy Chairman of Planning Commission between 1991-96.
18. As per the Supreme Court order on 3rd October 2012, within how many months, basic infrastructure facilities like drinking water and toilets must be provided in the schools?
1) Six months
2) Five months
3) Nine months
4) Sixteen months
5) Two months
19. From which Lok Sabha constituency, Abhijit Mukherjee, the son of President of India Pranab Mukherjee elected on 13th October 2012?
1) Jangipur
2) Amethi
3) Rae Bareli
4) Gandhi Nagar
5) Kolkata East
20. On 1st October 2012, Lal Bahadur Shastri National Award 2012 conferred on?
1) Angela Merkel
2) Binayak Sen
3) Ajim Premji
4) Manmohan Singh
5) Tessy Thomas
21. Order of Australia conferred on?
1) Rahul Dravid
2) Mahendar Singh Dhoni
3) Virendar Sehwag
4) Sunil Gavaskar
5) Sachin Tendulkar
22. Which state launched a scheme to provide an allowance of Rs.1,000 a month to housewives in households whose annual incomes are less than Rs.3 lakh?
1) Andhra Pradesh
2) Madhya Pradesh
3) Goa
4) Bihar
5) Arunachal Pradesh
23. .....established a Livelihood College in Dantewada to fight unemployment in the Naxal affected areas.
1) Jharkhand
2) Odisha
3) Maharashtra
4) Uttar Pradesh
5) Chhattisgarh
24. ....... has been re-elected as the President of Venezuela for the third term recently.
1) Ali Zeidan
2) Muammar Gaddafi
3) Hugo Chavez
4) Joe Biden
5) Nkosazana Dlamini-Zuma
25. The highlights of XIth Conference of the Parties (COP 11) given. Pick the correct statement.
1) COP 11 held recently in Hyderabad (India)
2) India emphasized the need of resource mobilization that remained an unfinished agenda of COP-10 at Nagoya in Japan
3) India announced a grant of $ 50 million for strengthening the institutional mechanism of biodiversity conservation in India and other developing countries by the name of Hyderabad Pledge
4) Bird life International on 16th October 2012 launched an e-Atlas of Marine-Important Bird Areas during COP11.
5) All of the above
26. .......will host the 12th meeting of the Conference of the Parties (COP12).
1) Japan
2) Australia
3) South Korea
4) Poland
5) None
27. Denmark Open Super Series Premier Trophy won by ....... on 21 October 2012.
1) Jwala Gutta
2) Gopi Chand
3) Sania Mirza
4) Saina Nehwal
5) Mahesh Bhupathi
28. On 6th September 2012, IUCN (International Union for Conservation of Nature) World Conservation Congress held at ?
1) Kuala Lumpur (Malaysia)
2) Lusaka (Zambia)
3) Islamabad (Pakistan)
4) Kampala (Uganda)
5) Jeju (South Korea)
29. The Chinese writer won 2012 Nobel Prize for Literature. He is?
1) Doris Lessing
2) Jean-Marie Gustave Le Clezio
3) Herta Muller
4) Mario Vargas Llosa
5) Mo Yan
30. On 20th October 2012, where the Prime Minister of India launched Aadhaar enabled system for direct cash transfer to beneficiaries?
1) Bandlapalli (Andhra Pradesh)
2) Dhanushkoti (Tamilnadu)
3) Palakkad (Kerala)
4) Dwaraka (Gujarat)
5) Dudu (Rajasthan)
ANSWERS:
1-1; 2-5; 3-1; 4-5; 5-1; 6-5; 7-5; 8-5; 9-5;
10-1; 11-4; 12-2; 13-5; 14-5; 15-5; 16-5;
17-1; 18-1; 19-1; 20-5; 21-5; 22-3; 23-5;
24-3; 25-5; 26-3; 27-4; 28-5; 29-5; 30-5
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