BANK PO General Awareness Quiz 3

1 . Finance Commission is included in of Indian Constitution. A). Article 340 B). Article 280 C). Article 360 D). Article 390 Answer & Explanation Answer : Option B Explanation : Finance Commison is included in Aritcle 280 of Indian Constitution View Answer 2 . Which of the following is/are TRUE about the "Village Gram Bank Scheme" ? A). The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season B). The gram banks are set up in food scare areas like drought prone areas. C). Village Panchayats who were running Village Grain Banks earlier are now not authorized to run D). Both 1 and 2 Answer & Explanation Answer : Option A Explanation : View Answer 3 . SEBE is related to ------------ A). Bank B). Government of India C). Share market D). State Government Answer & Explanation Answer : Option C Explanation : SEBI is related to share market. U.K. Sinha month. is Chairman of SEBI as on December 2011 View Answer 4 . What is the main function of National Planning Council ? A). Suggestions to planning Commission B). Formation of Committee C). Formation of Five Year Plan D). None of these Answer & Explanation Answer : Option A Explanation : National Planning Council is established in 1982 and owned by the Government of 1963. It is a non-constitutional body View Answer 5 . Which of the following services is NOT provided by the post offices in India ? A). Savings Bank Scheme B). Retailing of Mutual Funds C). Sale of Stamp Papers D). Issuance of Demand Drafts Answer & Explanation Answer : Option C Explanation : Post office do not sell stamp papers View Answer 6 . Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance ? A). 5% B). 7% C). 10% D). 15% Answer & Explanation Answer : Option C Explanation : Priority sector Advance is 10% View Answer 7 . Economic Planning comes under which of the following lists ? A). Union List B). Concurrent List C). State List D). None of these Answer & Explanation Answer : Option B Explanation : Economic planning comes under concurrent list. View Answer 8 . Which of the following is/are correct about the 'Operational Risk' as used in the field of banking? A. Risk of loss due to inadequate or failed internal process. B. Risk of loss due to natural calamities. C. Loss occurred due to non compliance of legal procedures. A). Only A B). Only B C). Only C D). All Answer & Explanation Answer : Option A Explanation : "Operational Risk" in the field of Banking is Centralized Online Realtime Exchange risk of loss due to inadequate or failed internal process. View Answer 9 . The word "Code Sharing" is most used in which of the following industries ? A). Information Technology B). Defense Industry C). Nuclear Industry D). Air Transport Industry Answer & Explanation Answer : Option D Explanation : Code sharing is term related to Air In Open unemployment people are willing Transport Industry . View Answer