FINANCIAL AWARENESS PRACTICE MCQs

1. The expansion for the BIS, in the context of the banking industry is:
(A) Bank for International Settlements
(B) Bank for Industrial Settlements
(C) Bank for Industrial Sectors
(D) Bank for International Services

2. The expansion for BIFR, in the context of the Indian Industry is:
(A) Board for Industrial and Financial Reconstruction
(B) Bureau for Industrial and Financial Reconstruction
(C) Board for Investment and Financial Reconstruction
(D) Bureau for Investment and Financial Reconstruction

3. Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets:
(A) Stock Exchange
(B) Banking
(C) Mutual Fund
(D) Income Tax

4. Which of the following programs aims at the promotion of savings among rural women?
(A) Rashtriya Mahila Kosh
(B) Mahila Samriddhi Yojna
(C) Indira Mahila Yojna
(D) Javhar Rozgar Yojna

5. Which of the following programs meets the credit needs of poor women?
(A) Mahila Samriddhi Yojna
(B) Rashtriya Mahila Kosh
(C) Indira Mahila Yojna
(D) Mahila Samakhya Programme

6. Which of the following deals with economic offences?
(A) MISA
(B) NSA
(C) TADA
(D) COFEPOSA

7. Chelliah Committee of 1992 deals with the overhauling of our
(A) public sector undertakings
(B) financial system
(C) tax system
(D) patents and copyrights

8. The terms TRIPS and TRIMS are related to
(A) NAFTA
(B) SAPTA
(C) EFTA
(D) GATT

9. Which of the following taxes is a progressive tax?
(A) Income tax
(B) Custom tax
(C) Sales tax
(D) Excise duty

10.When did Regional Rural Banks start functioning in India?
(A) 1975
(B) 1947
(C) 1956
(D) 1960