quiz: CWE General Awareness:

CWE General Awareness:

These questions are specially for CWE 2011 for POs and clerks General
Awareness with special reference to Banking Industry.
1. The Reverse mortgage scheme is launched to give benefit to which­of
the following groups of society? .
(1) Govt. employees (2) Senior Citizens (3) Unemployed youth (4) War
widows (5) None of these
2. What does the ietter 'M' depict in the term SME as used in the
fi­nancial world?
(1) Maximum (2) Medium (3) Mercantile (4) Mutual (5) Ministry
3. One of the major challenges bank­ing industry is facing these days
is deliberate efforts of some people to bring money earned through
illegal activities in circu­lation. Which of the following acts is
passed to prevent this activity ? (1) Paymenf &'settlements Act (2)
Banking Regulation Act. '(3) Negotiable Instrument Act (4) Narcotics
and Psychotropic Substance Act (5) Preseention of Money launder­ing
Act
4. Which of the following organiza-' tions provides guarantee to the
exporteJ;'s?
(1) Exim Bank (2) Export Credit Guarantee Corporation (3) Director
General Foreign Trade (4) Reserve Bank of India (5) Registrar of
companies
5. Which of the following terms is not used in Banking World?
(1) Credit (2) Rate (3) FinanCial Status (4) Discount (5) Absolute zero
6. What is the full form of IRR as used in banking/financial sec­tors?
(1) Internal Rate of Retum (2) Internal Revaluation Reserve (3)
Investment Reserve Ratio (4) Internal Risk Return (5) None of the
above
7. Which of the following organiza­tions provides credit history of
the borrowers?
(1) CIBIL (3)SEBI (5) CCIL (2)ARCIL (4) RBI
8. Banks need liquidity to meet which of the following objectives ofbanking?
(A) Meet deposit withdrawal (B) Fund loan demands (C) Maintain public confidence
(1) Only (A) (2) Only (B) (3) Only (C) (4) Only (A) and (B) (5) Only (B) and (C)
9. According to latest Economic Sur­vey, which of the following
sec­tors will provide largest share to Indian economy in the days to
come?
(1) Agriculture (2) Industry (3) Services (4) Exports (5) None of these
10. Which one of the following group repr:esents key industries?
(A) Crude oil, electricity (B) Petroleum refining and finished steel
(C) Cement and coal (1) Only group (A) (2) Only group (B)
(3) Only groups (A) and (B) (4) Only group (C)
(5) All groups (A). (B) and (C)
Answers: 1. 2, 2. 2, 3. 5, 4. 2, 5. 5, 6. 1, 7. 1, 8. 4 9. 3 10. 5