SBI PO Mains 2017: Banking and Financial Awareness Quiz 2017 – Set 7 – With Economic Awareness

Q 1. FTSE-100 is stock exchange index associated with:      
1)  New York Stock Exchange
2)  Euronext Paris
3)  Prague Stock Exchange
4)  Frankfurt Stock Exchange
5)  London Stock Exchange

Q 2. What is the full form of EPZ?      
1)  Economical Plus Zone  
2)  Economical Process Zone
3)  Export Plus Zone
4)  Economic Promotion Zone        
5)  Export Processing Zone

Q 3. A medium enterprise is an enterprise where the investment in equipment is more than        
1)  Rs. 1 crore but does not exceed Rs. 5 crore.      
2)  Rs. 2 crore but does not exceed Rs. 5 crore.      
3)  Rs. 2 crore but does not exceed Rs. 10 crore.  
4)  Rs. 5 crore but does not exceed Rs. 10 crore.  
5)  Rs. 50 lakhs but does not exceed Rs. 2 crore.    

+ See Explanation

A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.

Q 4. All merchant banks must be worth at least:  
1)  Rs 1 crore
2)  Rs 5 crore
3)  Rs 2.5 crore      
4)  Rs 10 crore      
5)  Rs 25 crore      

+ See Explanation

Merchant Banks deal with commercial borrowings and investments. ABN Amro Securities (India) Private Limited is an example of merchant bank.

Q 5. Under the SEBI notification, shares of companies can be traded only when these are in ____________ form.        
1)  centralised      
2)  physical  
3)  dematerialised
4)  either 1 or 3    
5)  both 2 and 3    

Q 6. A Commercial Paper can be issued for maturity for a minimum of ________.      
1)  10 days
2)  15 days
3)  7 days
4)  28 days
5)  30 days

+ See Explanation

CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.

Q 7. A potential problem with free floating exchange rates is that
1)  people who practice arbitrage may gain from the losses of others
2)  uncertainty in exchange rate fluctuations may hinder international trade
3)  exchange rates may never reach equilibrium  
4)  the currency markets ma become monopolised  
5)  less developed countries may issue too much currency

Q 8. International Finance Corporation is headquarted at ________.        
1)  Geneva  
2)  Washington DC
3)  New York
4)  Vienna
5)  Brussels  

Q 9. Transfer of any instrument to another person by signing on it back or face or on a slip of paper attached to it is known as:    
1)  promissory note  
2)  endorsement
3)  bills of exchange
4)  bill of landing  
5)  transferrable bill  

+ See Explanation

Transfer of any instrument to another person by signing on it back or face or on a slip of paper attached to it is known as endorsement.

Q 10. What is the loan limit for education under priority sector?    
1)  Rs 10 Lakh        
2)  Rs 15 Lakh        
3)  Rs 20 Lakh        
4)  Rs 25 Lakh        
5)  Rs 5 Lakh

+ See Explanation

Loans to individuals for educational purposes including vocational courses upto Rs. 10 lakh irrespective of the sanctioned amount are eligible for classification under priority sector.

Q 11. Individual women beneficiaries under Weaker Sections under priority sector lending can get loan up to:      
1)  Rs.  1 lakh per borrower  
2)  Rs.  10 lakh per borrower
3)  Rs.  15 lakh per borrower
4)  Rs.  5 lakh per borrower  
5)  Rs.  7 lakh per borrower  

Q 12. What are the categories fall under Priority Sector
‘Agriculture’?                     

1) Farm credit   

2) Agriculture infrastructure       

3) Ancillary activities      

4) Only 2 and 3 

5) All of the above given as options