Here are some of the latest and most important objective questions asked in various banking and government sector exams related to financial and economic awareness. Going through these questions will help out to get an idea about the type of questions asked in the banking exams.
List of some important Banking and financial awareness question answer
Q1-‘De minimis’ level is the minimum amount of trade distorting subsidy under WTO arrangement. It has been classified under-
(a) Blue box
(b) White box
(c) Ambar box
(d) Green box
• Correct option: (c)
Q2-Which of the following statements is correct about the circular economy?
(a) Reusing waste back into the production cycle to produce new products
(b) Circulation of national income through all the segments of the economy
(c) Working of economy under zero base budgeting
(d) Giving high priority to informal sector
• Correct option: (a)
Q3-Which of the following statements is correct about “gig economy”?
(a) A labour market characterized by the prevalence of short term contracts or freelance work, as opposed to permanent jobs
(b) A capital intensive economy with a high level of automation.
(c) A labour intensive economy with a little or no automation
(d) None of the above
• Correct option: (a)
Q4-What is meant by Price Discrimination?
(a) Increase in the price of a commodity over time
(b) A situation where the same product is sold to different consumers for different prices
(c) Subsidization by the government of a product to sell it at a lower price
(d) General decrease in the price of a commodity over time
• Correct option: (b)
Q5-Micro, Small and Medium Enterprises (MSME) day is observed on:
(a) 27th July
(b) 26th June
(c) 27th January
(d) 27th June
• Correct option: (d)
Q6-Union defense minister Shri Rajnath Singh recently approved _______ Posts in the military engineering services
(a) 9,304
(b) 1000
(c) 2456
(d) 3500
• Correct option: (a)
Q7-What is the full form of ARPIT?
(a) Airborne Rescue Pod for Isolated Transportation
(b) All India Rescue Pod and International Transmission
(c) Airborne Ready Passed Into Transformation
(d) None of the above
• Correct option: (a)
Q8-Spandan Campaign has been launched in which state?
(a) Telangana
(b) Kerala
(c) Chhattisgarh
(d) Assam
• Correct option: (c)
Q9-Which of the following states has launched Self Scan App ?
(a) Karnataka
(b) Maharashtra
(c) Goa
(d) West Bengal
• Correct option: (d)
Q10- Who has been appointed as the head of the reconstituted the advisory panel on corporate insolvency resolution and liquidation process?
(a) Uday Kotak
(b) Anand Mahindra
(c) Mukesh Ambani
(d) Ratan Tata
• Correct option: (a)
Q11-Shahakar Mitra scheme has been launched by which of the following ministries?
(a) Ministry of finance
(b) Ministry of Housing and Urban Affairs
(c) Agriculture and Rural Development Ministry
(d) None of these
• Correct option: (c)
Q12-A Portal named ‘Science and Technology Yojana for AtmaNirbhar Bharat in Mining Advancement (SATYABHAMA) was launched by which ministry?
(a) Agriculture and Rural Development Ministry
(b) Union Ministry of mines and coal
(c) Ministry of finance
(d) Ministry of Housing and Urban affairs
• Correct option: (b)
Q13-The Ministry of Housing and Urban Development and the Ministry of HRD (Human Resource Development) launched an internship learning programme called :
(a) TULIP(The Urban Learning Internship Program)
(b) SATYABHAMA
(c) Stand Up India
(d) None of these
• Correct option: (a)
Q14-H1B, F-1 and M-1 Visa holders are related to which of the following countries?
(a) UK
(b) USA
(c) Canada
(d) Mexico
Correct option: (b)
Q15-The book “Super Economies” was written by:
(a) Raghav Bahal
(b) Meira Kumar
(c) Poonam Surie
(d) Deepak Nayyar
• Correct option: (a)
Q16-Which of the following is not the function of RBI?
(a) Acting as the banker to the government
(b) Keeping of foreign exchange reserve
(c) Issuing of one rupee notes and coins
(d) Regulating credit in the country
• Correct option: (c)
Q17-At which of the following cities the Head office of RBI is located?
(a) Mumbai
(b) New Delhi
(c) Kolkata
(d) Dehradun
• Correct option: (a)
Q18-Bank rate is decided by which of the following?
(a) SBI
(b) SEBI
(c) SIDBI
(d) RBI
• Correct option: (d)
Q19-Which of the following terms is used in banking field?
(a) Input devices
(b) Interest rate Swap
(c) Sedimentary
(d) Zero hour
• Correct option: (b)
Q20-Expand the term LIBOR as used in financial banking sectors?
(a) Local Indian bank offered rate
(b) London-India Bureau of Regulations
(c) Liberal International Bank Official Ratio
(d) London Inter Bank Offered Rate
• Correct option: (d)
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