Banking Awareness Set 6

1 . Consider the following statements and state which of them are true ? (A)Govt. launched service discharge benefit scheme for post retirement security of about three lakh Gramin Dak Sevaks. (B)Govt. will deposit two hundred rupees per month in accounts of Gramin Dak Sevaks working in far flung areas. (C)Scheme is being functionized by utilizing funds from PFRDA. (D)Government will provide over 70 crore Rs. annually for this scheme. A). B and D B). A, C and D C). All are true D). A and C Answer & Explanation Answer : Option C Explanation : All are true. View Answer 2 . In 2011-12 Central Government launched a new Scheme 'Swabhimaan'. Which statements are true about it ? A). It is a programme on Financial Inclusion B). Opening 5 crore new rural bank accounts C). providing branchless banking through technology D). All of the above Answer & Explanation Answer : Option D Explanation : Swabhiman is a nationwide programme on financial inclusion View Answer 3 . Which of the following terms is/are related with finance and banking ? A). velocity B). Displacement C). Badla D). Centigrade Answer & Explanation Answer : Option C Explanation : Badla is a carry forward system in stock trading View Answer 4 . In 2011-12 Central Government launched a new Scheme 'Swabhimaan'. Which statements are true about it ? A). It is a programme on Financial Inclusion B). Opening 5 crore new rural bank accounts C). providing branchless banking through technology D). All of the above Answer & Explanation Answer : Option D Explanation : Swabhiman is a nationwide programme on financial inclusion View Answer 5 . In 2011-12 Central Government launched a new Scheme 'Swabhimaan'. Which statements are true about it ? A). It is a programme on Financial Inclusion B). Opening 5 crore new rural bank accounts C). providing branchless banking through technology D). All of the above Answer & Explanation Answer : Option D Explanation : Swabhiman is a nationwide programme on financial inclusion View Answer 6 . Tarapore Committee submitted its report on "Full Convertibility on Rupee" in- A). American Depository Receipt B). Current Account C). Capital Account D). None of these Answer & Explanation Answer : Option C Explanation : A committee on capital account convertibility was setup by the Reserve Bank of India (RBI) under the chairmanship of former RBI deputy governor S.S.Tarapore to "lay the road map" to capital account convertibility . View Answer 7 . Scheme inaugurated helpline 'Udyami' is to assist----------. A). Rural unemployed B). Large Capital Industries C). Only female entrepreneurs D). Micro, small and medium enterprises Answer & Explanation Answer : Option D Explanation : Prime Minister, Dr. Manmohan Singh, inaugurated a call centre 'Udyami Helpline, which will give details about business possibilities and loan facilities to entrepreneurs keen on setting up small units View Answer 8 . Consider the following statements about newly launched Mahila Kisan Sashaktikaran Pariyojana and State which of the following is/are the objectives of MKSP? (A) To create sustainable agricultural livelihood opportunities for women in agriculture (B) To ensure food and nutrition security at the household and community level. (C) To enhance the productive participation of women in agriculture. A). Only A B). Only C C). All are true D). A and B Answer & Explanation Answer : Option C Explanation : This is to improve the present status of women in agriculture and to enhance the opportunities for her empowerment and is a sub component of National Rural Livelihood Mission View Answer 9 . Which of the following is not Development Bank/Non Commercial Bank ? A). SIDBI B). National Housing Bank C). IDBI D). NABARD Answer & Explanation Answer : Option A Explanation : All are development banks. View Answer 10 . Which of the following is another name for Bank of Sweden Prize ? A). Noble prize for literature B). Nobel prize for peace C). Man booker prize D). None of these Answer & Explanation Answer : Option D Explanation : Bank of Sweden Prize is another name for Noble Prize for Economics. View Answer