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Latest Saraswat Bank Junior Officer Exam Question (Objective Questions), MCQ in English

Subjects : General/Financial Awareness, Reasoning Ability & Computer Aptitude, Quantitative Aptitude, General English

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General/Financial Awareness

Question 1Single Answer
Which if the following is TRUE about the meaning of a bank?
  1. A
    It is a financial establishment
  2. B
    It acts like a financial intermediary
  3. C
    It accepts deposits from the public 
  4. D
    It provides safe locker facility
  5. E
    All the above
Question 2Single Answer
Which of the following is NOT true about the functioning of a bank ?
  1. A
    A bank should always add the word “bank” to its name.
  2. B
    They include general utility services and agency services.
  3. C
    A bank is a non-profit organization having service oriented approach.
  4. D
    A bank acts as a connecting link between borrowers and lenders of money.
  5. E
    A bank lends out money in the form of loans to those who require it for different purposes.
Question 3Single Answer
Which of the following is NOT a banking service?
  1. A
    Issuance of debit and credit cards
  2. B
    Providing safe custody of valuable items 
  3. C
    ATM services
  4. D
    Provision for higher interest rates to the accounts held by women
  5. E
    Online transfer of funds across the globe
Question 4Single Answer
The definition of Banking is given in which of the following ACTs?
  1. A
    Negotiable Instrument Act 1881
  2. B
    Reserve Bank of India (RBI) Act 1934
  3. C
    Banking Regulation Act 1949
  4. D
    Company Act 1956
  5. E
    None of the above
Question 5Single Answer
Banks in India are regulated by :
  1. A
    The Reserve Bank of India Act,1934
  2. B
    The Banking regulation Act,1949
  3. C
    The Reserve Bank of India (Amendment and Misc. Provisions) Act, 1953
  4. D
    The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
  5. E
    None of the above
Question 6Single Answer
Which of the following terms is used in Banking field ?
  1. A
    Zero Hour
  2. B
    Input devices
  3. C
    Privilege motion
  4. D
    Sedimentary
  5. E
    Invest rate swap
Question 7Single Answer
A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?
  1. A
    Investment Banking 
  2. B
    Core Banking
  3. C
    Mobile Banking 
  4. D
    National Banking 
  5. E
    Specialized Banking 
Question 8Single Answer
Which of the following is necessary while opening deposit account in banks ?         
  1. A
    Will 
  2. B
    Registration
  3. C
    Nomination
  4. D
    Indemnity
  5. E
    Guarantee
Question 9Single Answer
Which of the following is not banking term?
  1. A
    Letter of credit
  2. B
    MIBOR
  3. C
    Factoring services
  4. D
    Entry load
  5. E
    None of the above
Question 10Single Answer
Systematic investment plans relates to:
  1. A
    Mutual Funds
  2. B
    Life Insurance Companies
  3. C
    Commercial Banks
  4. D
    Post office saving schemes
  5. E
    None of the above
Question 11Single Answer
Which is the following is / are third party products sold out by banks?
  1. A
    Mutual funds
  2. B
    Term deposits
  3. C
    Credit cards
  4. D
    All of these
  5. E
    None of the above
Question 12Single Answer
The first bank the Bank of Hindustan was established in:
  1. A
    1780    
  2. B
    1790
  3. C
    1770    
  4. D
    1802
  5. E
    1814
Question 13Single Answer
Which of the following NOT a Retail banking product ?
  1. A
    Checking account
  2. B
    Saving account
  3. C
    Money market account
  4. D
    Certificate of deposit (CD)
  5. E
    Mutual Fund
Question 14Single Answer
Which of the following is Not a Business (or commercial / investment) banking product ?
  1. A
    Business loan
  2. B
    Capital raisig
  3. C
    Checking account
  4. D
    Project finance
  5. E
    Term loan
Question 15Single Answer
The banker’s bank in any country called as:
  1. A
    Commercial bank
  2. B
    Central bank 
  3. C
    EXIM bank
  4. D
    Scheduled Bank
  5. E
    Development bank
Question 16Single Answer
Which of the following is the Central bank of India?
  1. A
    State Bank of India
  2. B
    National Bank for Agriculture and Rural Development
  3. C
    Export-Import Bank of India
  4. D
    Reserve Bank of India
  5. E
    None of the above
Question 17Single Answer
What is the Minimum balance required to be maintained for a saving account with cheque book facility?
  1. A
    Rs. 100            
  2. B
    Rs. 400
  3. C
    Rs. 500            
  4. D
    Rs.1000
  5. E
    Rs. 1500
Question 18Single Answer
Which of the following represents Profit and Loss Account ?
  1. A
    Position of profit on a particular date 
  2. B
    Position of profit for a given period
  3. C
    Position of loss for a given period
  4. D
    Both 2 and 3
  5. E
    None of the above
Question 19Single Answer
Which among the following is /are ‘Term Deposit’?
  1. A
    Fixed Deposit
  2. B
    Current Deposit
  3. C
    Recurring Deposit
  4. D
    All of the above 
  5. E
    None of the above
Question 20Single Answer
The first bank of limited liability managed by Indians was :
  1. A
    The Commercial Bank of India
  2. B
    Allahabad Bank
  3. C
    Oudh Commercial Bank
  4. D
    Punjab National bank ltd
  5. E
    None of the above
Question 21Single Answer
Which of the following scheme is not meant for investment purposes?
  1. A
    Letter of credit
  2. B
    National saving certificate 
  3. C
    Infrastructure bonds
  4. D
    Mutual funds
  5. E
    None of the above
Question 22Single Answer
What is meant by development Oriented banking?
  1. A
    Infrastructure financing 
  2. B
    Extending loans to State, which are undevelopment
  3. C
    Taking up the task of development of the economy by providing support to under privileged section of the society
  4. D
    All of the above 
  5. E
    None of the above
Question 23Single Answer
The Reserve Bank of India was established in:
  1. A
    April 1935        
  2. B
    June 1935
  3. C
    August 1934    
  4. D
    May 1936
  5. E
    January 1949
Question 24Single Answer
14 major Indian commercial banks of the country were nationalized in:
  1. A
    July 1965        
  2. B
    June 1960
  3. C
    July 1969        
  4. D
    May 1970
  5. E
    January 1949
Question 25Single Answer
On the basis of suggestions of which of the following committee. The Banking Regulation Act was amended in 1983 to open the gates for the new private sector banks ?
  1. A
    Narasimham Committee
  2. B
    Rangrajan Committee
  3. C
    Rangrajan Committee
  4. D
    Goiporia committee
  5. E
    None of the above
Question 26Single Answer
When RBI made compulsory to the Best II norms for Banks?
  1. A
    March 31, 2007
  2. B
    March 31, 2008
  3. C
    March 31, 2010
  4. D
    March 31, 2011
  5. E
    March 31, 2009
Question 27Single Answer
Which Act is fully applicable to all commercial banks?
  1. A
    Companies Act, 1956
  2. B
    Partnership Act, 1932
  3. C
    Banking Regulation Act,1949
  4. D
    Sale of Goods Act, 1930
  5. E
    The Reserve Bank of India Act, 1934
Question 28Single Answer
What type of loan is granted by banks for purchase of white goods?
  1. A
    Mortgage loans
  2. B
    Personal loans
  3. C
    Consumption Loans
  4. D
    Home Loans
  5. E
    None of the above
Question 29Single Answer
Which of the following loans are granted for meeting social financial commitments like marriage etc?
  1. A
    Mortgage loans
  2. B
    Personal loans
  3. C
    Consumption Loans
  4. D
    Home Loans
  5. E
    None of the above
Question 30Single Answer
PPF account is opened for a period of 
  1. A
    Mortgage loans
  2. B
    Personal loans
  3. C
    Consumption Loans
  4. D
    Home Loans
  5. E
    None of the above
Question 31Single Answer
Yojna a weekly journal
  1. A
    Ministry of Finance        
  2. B
    Ministry of Information and Broadcastin
  3. C
    Ministry of Rural Development
  4. D
    Planning Commission
Question 32Single Answer
Kurukshetra a journal on rural development is published by
  1. A
    Ministry of Finance 
  2. B
    Ministry of Information and Broadcastin
  3. C
    Ministry of Rural Development
  4. D
    Planning Commission
Question 33Single Answer
Devaluation of a currency means
  1. A
    Fixing the value of the currency in conjuction with the movement in the value of a basket of predetermined currencies
  2. B
    Reduction in the value of a currency vis-à-vis major internationally traded currencies
  3. C
    Fixing the value of currency in multilateral consultaion with the IMF the World Bank and major trading partners
  4. D
    Permitting the currency to seek its worth in the international market
Question 34Single Answer
In India rural incomes are generally lower than the urban incomes, which of the following reasons account for this
            1. a large number of farmers are illiterate and know little about scientific agriculture
            2. prices of primary products are lower than those of manufactured products
            3. Investments in agriculture has been low when compared to investment in industry
  1. A
    1 and 3
  2. B
    2 and 3
  3. C
    1 and 2
  4. D
    1,2 and 3
Question 35Single Answer
Which of the following programmes aims at the promotion of savings among rural women
  1. A
    Rashtriya Mahila Kosh
  2. B
    Indira Mahila Yojna
  3. C
    Jawahar Rozgar Yojna
  4. D
    Mahila Samridhi Yojna
Question 36Single Answer
What is Net National Product
  1. A
    the money value of final goods and services produced annually in the economy
  2. B
    the money value of annual service generation in the economy
  3. C
    the money value of tangible goods produced annually in the economy
  4. D
    The money value of tangible goods available in the economy
Question 37Single Answer
National income is the 
  1. A
    net national product at market price
  2. B
    net national product at factor cost
  3. C
    net domestic product at market price
  4. D
    net domestic product at factor cost
Question 38Single Answer
Sattriya dance form is famous in which of these states ?
  1. A
    Assam
  2. B
    Himachal Pradesh
  3. C
    Punjab
  4. D
    Tamil Nadu
Question 39Single Answer
Which of the following statements is true ?
Statement I: Indian techniques such as Rasa and Bhawa in classical dances have their origins in Bharatmuni's Natyashastra.
Statement II: Bharatanatyam has its origin in Odisha.
  1. A
    Only Statement II is true
  2. B
    Both Statement I and Statement II are true
  3. C
    Neither Statement I nor Statement II is true
  4. D
    Only Statement I is true
Question 40Single Answer
Padma Bhushan, Guru Vempati Chinna Satyam is renowned for having trained hundreds of students in which of the following dance forms ?
  1. A
    Kuchipudi
  2. B
    Odissi
  3. C
    Bharatnatyam
  4. D
    Kathak
Question 41Single Answer

"Who said, 'India was a parrot unto itself'?

  1. A
    Malik Muhammad Joyce
  2. B
    Raskhan
  3. C
    Rich Khusrow
  4. D
    Rich Hasan
Question 42Single Answer
What was the real name of Amir Khusro?
  1. A
    Muhammad Hasan
  2. B
    Muhammad Hussain
  3. C
    Muhammad Khusrow
  4. D
    Muhammad Mine
Question 43Single Answer
Who is considered the founder of the Sufi movement in India?
  1. A
    Qutubuddin Bakhtiar Aunty
  2. B
    Nizamuddin Awliya
  3. C
    muinuddin Chishti
  4. D
    Naseeruddin Mahmud
Question 44Single Answer
When was the Constituent Assembly of India formed?
  1. A
    1946
  2. B
    1947
  3. C
    1948
  4. D
    1950
Question 45Single Answer
Who was the Chairman of the Drafting Committee of the Indian Constitution?
  1. A
    Dr. Rajendra Prasad
  2. B
    Dr. B.R. Ambedkar
  3. C
    Jawaharlal Nehru
  4. D
    Sardar Vallabhbhai Patel
Question 46Single Answer
Who is known as the "Father of the Indian Renaissance" ?
  1. A
    Raja Ram Mohan Roy
  2. B
    Swami Vivekananda
  3. C
    Rabindranath Tagore
  4. D
    Mahatma Gandhi
Question 47Single Answer
Which classical dance form is associated with Tamil Nadu ?
  1. A
    Kathak
  2. B
    Kuchipudi
  3. C
    Bharatanatyam
  4. D
    Odissi
Question 48Single Answer
The 'Kartarpur Corridor' connects India with which country?
  1. A
    Nepal
  2. B
    Bangladesh
  3. C
    Pakistan
  4. D
    Bhutan
Question 49Single Answer
Who was awarded the Booker Prize 2024 for Fiction?
  1. A
    Eleanor Catton
  2. B
    Sarah Bakewell
  3. C
    Karen Joy Fowler
  4. D
    Paul Lynch
Question 50Single Answer
What is the theme of the 'World Cities Day 2024' observed on?
  1. A
    Adapting Cities for Climate Resilience
  2. B
    Shaping Sustainable Futures
  3. C
    Cities and the Green Agenda
  4. D
    Urban Innovation for a Better Future
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