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Q:

A worldwide financial messaging network which exchange messages between banks and financial institutions is known as ___________

A) CHAPS B) SWIFT
C) NEFT D) SFMS
 
Answer & Explanation Answer: B) SWIFT

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

Which Part of Indian Constitution deals with Centre-State financial relations?

 

A) Part X B) Part VIII
C) Part XII D) Part XX
 
Answer & Explanation Answer: C) Part XII

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Filed Under: Indian Politics
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Q:

In which year the Board of Industrial and Financial Reconstruction (BIFR) came in to existence?

 

A) 1987   B) 1984  
C) 1989 D) 1981
 
Answer & Explanation Answer: A) 1987  

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Q:

A grant for expenditure made by Lok Sabha for part of a financial year pending voting is called

A) Cut motion B) Appropriation
C) Prorogation D) Vote on account
 
Answer & Explanation Answer: D) Vote on account

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Filed Under: Indian Politics
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Q:

Article 360 of Indian Constitution, empowers whom to proclaim a Financial Emergency?

 

 

 

A) The Finance Minister of India   B) The Governor of Reserve Bank of India
C) The President of India D) Defence Minister of India
 
Answer & Explanation Answer: C) The President of India

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Filed Under: Indian Politics
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Q:

Union Government Budget deficit for a particular financial year represents

A) Total amount of revenue receipts B) Total amount of capital receipts
C) The amount of money that the Government has to borrow D) Total amount of estimated Government expenditure
 
Answer & Explanation Answer: B) Total amount of capital receipts

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Q:

Jalal, Amit and Feroz enter into partnership. Jalal invests 4 times as much as Amit and Amit invests three-fourth of what Feroz invests. At the end of the financial year, the total profit earned is Rs. 19,000. Find the share for Jalal.

A) Rs. 15000 B) Rs. 12000
C) Rs. 13000 D) Rs. 10000
 
Answer & Explanation Answer: B) Rs. 12000

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Q:

The Reserve Bank of India (RBI) proposed a four-tier regulatory framework for which type of financial institutions?

A) Foreign Banks B) Small Finance Banks
C) NBFCs D) Payments Banks
 
Answer & Explanation Answer: C) NBFCs

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Filed Under: General Awareness
Exam Prep: Bank Exams