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BANK PO GENERAL AWARENESS
BANK PO GENERAL AWARENESS MOCK TEST SET 5
January 11, 2016
0

1. Increased interest rates, as is existing in the economy at present will _______

(a) lead to higher GDP growth
(b) lead to lower GDP growth
(c) mean higher cost of raw materials
(d) mean lower cost of raw materials
(e) mean higher wage bill

Answer

1

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2. An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated?

(a) Indian Penal Code
(b) Negotiable Instruments Act
(c) Criminal Procedure Code
(d) Payment and Settlements Act
(e) Indian Contract Act

Answer

3

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3. The central bank of which country has the largest foreign reserves in the world?

1) China
2) Saudi Arabia
3) European Union
4) Switzerland
5) Japan

Answer

1

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4. In business, disinvestment means to sell off certain assets. Which of the following can come under these assets?

1) A manufacturing plant
2) subsidiary
3) A product line
4) Both 2) and 3)
5) All of the above

Answer

5

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5. Which of the following rates is not controlled by the Reserve Bank of India?
1) Cash Reserve Ratio
2) Statutory Liquidity Ratio
3) Cess
4) Marginal Standing Facility
5) Repo Rate

Answer

3

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6. International Standards on Combating Money Laundering and the Financing of Terrorism and Prolferation are framed by
l ) KYC
2) FATF
3) TAPI
4) ICOA
5) SWIFT

Answer

2

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7. The National Payment Corporation of India (NPCI) has launched a mobile-based payment facility. This facility is known as
l ) NEFT
2) RTGS
3) IMPS
4) USSD
5) INSTAPAY

Answer

3

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8. India recently signed Double Taxation Avoidance Agreement (DTAA) with ______ to prevent income-tax evasion by entities in both the countries.
1) Latvia
2) Belgium
3) Argentina
4) Switzerland
5) Mauritius

Answer

1

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9. Five-Year Plans in India is monitored by
1) National Development Council
2) Planning Commission
3) Finance Minister
4) Inter-State Council
5) Finance Commission

Answer

2

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10. In which state is Sunderbans situated?
1) Odisha
2) West Bengal
3) Jharkhand
4) Assam
5) Uttarakhand

Answer

2

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