OBJECTIVE QUESTIONS FOR ECONOMICS, TAXES MONEY AND BANKING
General Socio-Economic and Banking Awareness For Bank Probationary Officers Exam
Bank of Baroda Probationary Officers Exam Solved Paper
1. RBI’s open market operation transactions are carried out
(A) Liquidity in the economy
(B) Prices of essential commodities
(C) Inflation
(D) Borrowing power of the banks
(E) All the above
2. When more than one banks are allowing credit facilities
(A) Participation
(B) Consortium
(C) Syndication
(D) Multiple banking
(E) None of these
3. Open market operations, one of the measures taken by RBI
(A) Sale or purchase of Govt. securities
(B) Issuance of different types of bonds
(C) Auction of gold
(D) To make available direct finance to borrowers
(E) None of these
4. The bank rate means—
(A) Rate of interest charged by commercial banks from
(B) Rate of interest at which commercial banks discounted
(C) Rate of interest allowed by commercial banks on their
(D) Rate at which RBI purchases or rediscounts bills of
(E) None of these
5. What is an Indian Depository Receipt ?
(A) A deposit account with a Public Sector Bank
(B) A depository account with any of Depositories in India
(C) An instrument in the form of depository receipt created
(D) An instrument in the form of deposit receipt issued by
(E) None of these
6. An instrument that derives its value from a specified
(A) Derivative
(B) Securitisation Receipts
(C) Hedge Fund
(D) Factoring
(E) Venture Capital Funding
7. Fiscal deficit is—
(A) total income less Govt. borrowing
(B) total payments less total receipts
(C) total payments less capital receipts
(D) total expenditure less total receipts excluding
(E) None of these
8. In the Capital Market, the term arbitrage is used with
(A) purchase of securities to cover the sale
(B) sale of securities to reduce the loss on purchase
(C) simultaneous purchase and sale of securities to make
(D) variation in different markets
(E) Any of the above
9. Reverse repo means—
(A) Injecting liquidity by the Central Bank of a country
(B) Absorption of liquidity from the market by sale of
(C) Balancing liquidity with a view to enhancing economic
(D) Improving the position of availability of the
(E) Any of the above
10. The stance of RBI monetary policy is—
(A) inflation control with adequate liquidity for growth
(B) improving credit quality of the Banks
(C) strengthening credit delivery mechanism
(D) supporting investment demand in the economy
(E) Any of the above
11. Currency Swap is an instrument to manage—
(A) Currency risk
(B) interest rate risk
(C) currency and interest rate risk
(D) cash flows in different currencies
(E) All of the above
12. ‘Sub-prime’ refers to—
(A) lending done by banks at rates below PLR
(B) funds raised by the banks at sub-Libor rates
(C) Group of banks which are not rated as prime banks as
(D) lending done by financing institutions including banks
(E) All of the above
13. Euro Bond is an instrument—
(A) issued in the European market
(B) issued in Euro Currency
(C) issued in a country other than the country of the
(D) All of the above
(E) None of these
14. Money Laundering normally involves—
(A) placement of funds
(B) layering of funds
(C) integration of funds
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)
15. The IMF and the World Bank were conceived as
(A) strengthen international economic co-operation and to
(B) IMF promotes international monetary cooperation
(C) The World Bank promotes long term economic development
(D) All of (A), (B) and (C)
(E) None of (A), (B) and (C)
16. Capital Market Regulator is—
(A) RBI
(B) IRDA
(C) NSE
(D) BSE
(E) SEBI
17. In the term BRIC, R stands for—
(A) Romania
(B) Rajithan
(C) Russia
(D) Regulation
(E) None of these
18. FDI refers to—
(A) Fixed Deposit Interest
(B) Fixed Deposit Investment
(C) Foreign Direct Investment
(D) Future Derivative Investment
(E) None of these
19. What is Call Money ?
(A) Money borrowed or lent for a day or over night
(B) Money borrowed for more than one day but upto 3 days
(C) Money borrowed for more than one day but upto 7 days
(D) Money borrowed for more than one day but upto 14 days
(E) None of these
20. Which is the first Indian company to be listed in
(A) Reliance
(B) TCS
(C) HCL
(D) Infosys
(E) None of these
21. Which of the following is the Regulator of the credit
(A) RBI
(B) SBI
(C) SIDBI
(D) SEBI
(E) None of these
22. Who is Brand Endorsing Personality of Bank of Baroda ?
(A) Juhi Chawla
(B) Kiran Bedi
(C) Amitabh Bachchan
(D) Kapil Dev
(E) None of these
23. The branding line of Bank of Baroda is—
(A) International Bank of India
(B) India’s International Bank
(C) India’s Multinational Bank
(D) World’s local Bank
(E) None of these
24. The logo of Bank of Baroda is known as—
(A) Sun of Bank of Baroda
(B) Baroda Sun
(C) Bank of Baroda’s Rays
(D) Sunlight of Bank of Baroda
(E) None of these
25. Which of the following statements(s) is/are True about
(i) China’s economic success is basically on the fact that
(ii) In the year 2007 China’s exports became almost 40% of
(iii) When compared to India China’s share in the World
(A) Only (i)
(B) Only (ii)
(C) Both (i) and (ii)
(D) All (i), (ii) and (iii)
(E) None of these
26. One of the major challenges banking industry is facing
(A) Know Your Customer Norms
(B) Banking Regulation Act
(C) Negotiable Instrument Act
(D) Narcotics and Psychotropic Substance Act
(E) None of these
27. Lot of Banks in India these days are offering M-Banking
(A) Money
(B) Marginal
(C) Message
(D) Mutual Fund
(E) Mobile Phone
28. Which of the following is/are true about the ‘Sub-Prime
(i) It is a mortgage crisis referring to credit default by
(ii) Sub-Prime borrowers were those borrowers who were
(iii) This crisis originated because of negligence in
(A) Only (i)
(B) Only (ii)
(C) Only (iii)
(D) All (i), (ii) and (iii)
(E) None of these
29. Which of the following is not the part of the structure
(A) Industrial Finance
(B) Agricultural Finance
(C) Government Finance
(D) Development Finance
(E) Personal Finance
30. Which of the following is not the part of the scheduled
(A) Money Lenders
(B) Public Sector Banks
(C) Private Sector Banks
(D) Regional Rural Banks
(E) State Co-operative Banks
31. As we all know Govt. of India collects tax revenue on
(i) Tax on Income
(ii) Tax on Expenditure
(iii) Tax on Property or Capital Asset
(iv) Tax on Goods and Services
(A) Both (i) and (iii) only
(B) Both (ii) and (iv) only
(C) All (i), (ii), (iii) and (iv)
(D) Only (ii), (iii) and (iv)
(E) None of these
32. We very frequently read about Special Economic Zones (SEZs)
(i) To attract foreign investment directly.
(ii) To protect domestic market from direct competition
(iii) To provide more capital to agricultural and allied
(A) Only (i)
(B) Only (ii)
(C) Only (iii)
(D) All (i), (ii) and (iii)
(E) None of these
33. Which of the following groups of countries has almost
(A) US, China, India, South Africa
(B) India, China, Russia, Britain
(C) South Africa, Nepal, Myanmar
(D) US, Russia, China & India
(E) None of these
34. Which of the following correctly describes the concept
(i) It is a nuclear fuel bank to be shared by all the
(ii) It is a facility to help nations in enrichment of
(iii) It is an agency which will keep a close vigil on the
(A) Only (i)
(B) Only (ii)
(C) Both (i) and (iii) only
(D) Only (iii)
(E) Both (i) and (ii) only
35. Many times we read about Future Trading in newspapers.
(i) It is nothing but a trade between any two stock
(ii) It is an agreement between two parties to buy or sell
(iii) It is an agreement between stock exchanges that they
(A) Only (i)
(B) Only (ii)
(C) Only (iii)
(D) All (i), (ii) and (iii)
(E) None of these
36. Inflation in India is measured on which of the
(A) Cost of Living Index (COLI)
(B) Consumer Price Index (CPI)
(C) Gross Domestic Product
(D) Wholesale Price Index (WPI)
(E) None of these
37. As per the reports published in the newspapers a
(i) Food shortage which has taken 50 million people in its
(ii) Inflation which has gone up substantially across the
(iii) USA’s consistent presence in Iraq.
(A) Only (i)
(B) Only (ii)
(C) Only (iii)
(D) Both (i) and (ii) only
(E) None of these
38. Hillary Clinton formally suspended her campaign to
(A) George Bush
(B) Barack Obama
(C) John McCain
(D) Bill Clinton
(E) None of these
39. Hugo Chavez whose name was recently in news is the—
(A) President of Congo
(B) Prime Minister of Uganda
(C) President of Venezuela
(D) Prime Minister of Brazil
(E) None of these
40. The Govt. of India has raised the amount of the Loan
(A) Rs. 60,000 crore
(B) Rs. 65,000 crore
(C) Rs. 72,000 crore
(D) Rs. 76,000 crore
(E) Rs. 80,000 crore
41. Delimitation Commission has made a recommendation that
(A) 2010
(B) 2011
(C) 2012
(D) 2013
(E) 2015
42. The World Health Organisation has urged that
(A) Tobacco
(B) Alcoholic drinks
(C) Junk Food
(D) Soft drinks with chemical preservatives
(E) None of these
43. Which of the following countries has allocated a huge
(A) Japan
(B) South Korea
(C) China
(D) South Africa
(E) None of these
44. India and Nepal have many agreements on sharing of the
(A) Kosi
(B) Gandak
(C) Ganga
(D) Mahakali
(E) All these rivers are covered
45. Which of the following names is not closely associated
(A) CARTOSAT
(B) NLS - 5
(C) RUBIN - 8
(D) GSLV
(E) SCOPE
46. Vijay Hazare Trophy is associated with the game of—
(A) Hockey
(B) Cricket
(C) Badminton
(D) Football
(E) Golf
47. Which of the following was the theme of the Olympic
(A) Journey of Harmony
(B) Green World Clean World
(C) Journey of Peace
(D) Journey for Hunger-free World
(E) None of these
48. Which of the following schemes is not a social
(A) Indira Awas Yojana
(B) Mid Day Meal
(C) Bharat Nirman Yojana
(D) Sarva Shiksha Abhiyan
(E) All are social schemes
49. Which of the following is not a member of the ASEAN ?
(A) Malaysia
(B) Indonesia
(C) Vietnam
(D) Britain
(E) Singapore
50. Which of the following Awards are given for excellence
(A) Kalinga Prize
(B) Shanti Swarup Bhatnagar Award
(C) Arjun Award
(D) Pulitzer Prize
(E) None of these
Answers :
1. (E) 2. (B) 3. (A) 4. (D) 5. (C) 6. (C) 7. (D) 8. (C) 9.
11. (D) 12. (D) 13. (C) 14. (D) 15. (D) 16. (E) 17. (C) 18.
21. (D) 22. (E) 23. (B) 24. (B) 25. (C) 26. (E) 27. (E) 28.
31. (C) 32. (A) 33. (D) 34. (B) 35. (B) 36. (D) 37. (B) 38.
41. (B) 42. (A) 43. (C) 44. (C) 45. (E) 46. (B) 47. (A) 48.
Current Who’s Who :2010
Current Who’s Who :2010