GK for Banking Examinations Practice Questions part-2

Important current affairs and Gk questions for Bank exams, IBPS, SBI and all other finance industy exams

General Knowledge; Current Affairs with special reference to the Banking and Finance Industry of India for IBPS Banking , RBI, SBI and other Banking Recruitment Examinations of 2013 and 2014.If you like the post kindly give rating.

25. A commercial bank will launch a medium term note (MTN) programme to ___:
[A]Provide loans
[B]Raise Funds
[C]Sell Equity
[D]Purchase shares

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Medium term note (MTN) is a debt bond which usually matures in 5 to 10 years. Obviously it is used for raising funds in domestic or international markets. Recently Union Bank of India has hit the global debt market to raise around USD 500 million through bond issuance.

26. The recently released data on India’s services exports reveal that India’s services exports rose by 9.5 percent to USD 12.28 billion. The data on India’s services trade is released by __?
[A]Central Statistical Office (CSO)
[B]Reserve Bank of India (RBI)
[C]Ministry of Commerce & Industry
[D]Ministry of Statistics and Programme Implementation

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RBI releases the provisional aggregate monthly data on India’s international trade in services with a lag of 45 days. Also note that the services sector contributes more than 50 percent to the country’s gross domestic product.

27. The government of India can interfere in the prices of which among the following?

1. Gasoline
2. Diesel
3. Natural Gas

Choose the correct option from the codes given below:

[A]Only 2 & 3
[B]Only 2
[C]1, 2 & 3
[D]Only 3

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28. As of now, India has independent regulators to control the __:

1. Commodity Exchanges
2. Insurance Market
3. Stock Markets
4. Coal Sector
5. Road Sector

Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 1, 2 & 3
[C]Only 1, 2, 3 & 4
[D]1, 2, 3, 4 & 5

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1. Commodity Exchanges ? Forward Market Commission
2. Insurance Market ? IrDA
3. Stock Markets ? SEBI

Recently, the finance minister said the government will set up independent regulators for coal and road sectors in four months.

29. A Miniratna–Category–1 Status holding public sector company in India can incur expenditure on modernization, new projects as well as equipment purchase without the approval of the Government, up to:
[A]Rs 100 Crores
[B]Rs 500 Crores
[C]Rs 1000 Crores
[D]Rs 1500 Crores

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30. With reference to the Economic Growth of India in the previous five year plans, which among the following observations is / are correct?

1. The Growth rate in 11th five year plan was less than targeted

2. The growth rate achieved in 11th five year plan was more than the growth achieved in 10th plan

Choose the correct option from the codes given below:
[A]Only 1 is correct
[B]Only 2 is correct
[C]Both 1 & 2 are correct
[D]Neither 1 nor 2 is correct

Show Answer

India’s economic fundamentals have been improving in many dimensions, and this is reflected in the fact that despite the slowdown in 2011–12,the growth rate of the economy averaged 8 per cent in the Eleventh Plan period. This was lower than the Plan target of 9 per cent, but it was better than the achievement of 7.8 per cent in the Tenth Plan. (12th Plan Document)

31. The Chameli Devi Jain Award is given for an outstanding woman ____?
[A]Scientist
[B]Reporter
[C]Player
[D]Teacher

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Alka Dhupkar, a journalist with Marathi-language TV news channel IBN-Lokmat, has won the prestigious Chameli Devi Jain Award for an outstanding woman media person this year.

32. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
[A]30 Days
[B]60 Days
[C]75 Days
[D]90 Days

Show Answer

As per rules, government has to get all money bills related to the union budget passed within 75 days of the presentation of the budget.

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