Saturday, June 20, 2015

Day 60 - Questions


Day 60 - New Social Security Schemes

( New Social Security Schemes, Beti Bachao Beti Padhao Initiative )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following is a newly launched pension scheme of government of India?
a.  PMJJBY
b.  PMJDY
c.  PMSBY
d.  APY

2.  What is the premium for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?
a.  Rs. 300 / annum
b.  Rs. 330 / annum
c.  Rs. 350 / annum
d.  None of the above

3.  What is the premium for Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
a.  Rs. 100 / annum
b.  Rs. 150 / annum
c.  Rs. 10 / annum
d.  Rs. 12 / annum

4.  Atal Pension Yojana (APY) specially focuses on -
a.  organized sector
b.  IT-sector
c.  unorganized sector
d.  banking sector

5.  Which of the following provides accidental death-cum-disability cover of Rs. 2 lakh?
a.  PMJJBY
b.  PMJDY
c.  PMSBY
d.  APY

6.  According to the 2011 census, which of the following is the correct Child Sex Ratio (CSR) in India?
a.  945 girls per 1000 boys
b.  927 girls per 1000 boys
c.  918 girls per 1000 boys
d.  None of the above

7.  Which of the following scheme of government is/are specially focused on girl child in India?
a.  Sukanya Samridhi Yojana
b.  Saksham scheme
c.  Swabhiman scheme
d.  Swavalamban scheme

8.  What is the maximum age of girl child allowed for opening Sukanya Samriddhi Account?
a.  8 years
b.  10 years
c.  12 years
d.  18 years

9.  Beti Bachao Beti Padhao is an initiative of -
a.  Ministry of Women and Child Development
b.  Ministry of Health and Family Welfare
c.  Ministry of Human Resource Development
d.  All of the above

10.  Beti Bachao Beti Padhao initiative was started with initial corpus of -
a.  Rs. 50 crore
b.  Rs. 100 crore
c.  Rs. 500 crore
d.  Rs. 1000 crore




With this post (Day 60) - Bankoncepts Study Plan 2015-16 is concluded. Hope you find this Banking Awareness plan helpful!


Happy learning!




Following are the important links for Bankoncepts Study Plan 2015-16



If you want to provide feedback feel free to use the following page





Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



(Answers will be highlighted in the next day. Please visit the same question set in the following day to view the answers)







If you like this site, please invite your friends and like / share / comment / feedback
Your active participation is needed!

Happy learning!

Read More

Friday, June 19, 2015

Day 59 - Questions


Day 59 - Pre-2005 and MG-series Banknotes

( Pre-2005 Banknotes, MG-series Banknotes )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following is not a banknote series issued in India?
a.  Ashoka Pillar Banknotes issued from 1949
b.  Mahatma Gandhi (MG) Series-1996 Banknotes issued from 1996
c.  Mahatma Gandhi (MG) Series-2005 Banknotes issued from 2005
d.  Mahatma Gandhi (MG) Series-2012 Banknotes issued from 2012

2.  Which of the following series of banknotes bear the year of printing on the reverse side?
a.  Ashoka Pillar Series banknotes
b.  MG-series 1996 banknotes
c.  MG-series 2005 banknotes
d.  All of the above

3.  Which of the following is true regarding recent banknote circulation policy of RBI in India?
a.  Withdrawal of Pre-2005 banknotes
b.  Withdrawal of Pre-2012 banknotes
c.  Withdrawal of Pre-2010 banknotes
d.  Withdrawal of Pre-1996 banknotes





Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



(Answers will be highlighted in the next day. Please visit the same question set in the following day to view the answers)



If you haven't registered yet, please register at this page - Study Plan Registration




If you like this site, please invite your friends and like / share / comment / feedback
Your active participation is needed!

Happy learning!

Read More

Thursday, June 18, 2015

Day 58 - Questions


Day 58 - Financial Ministry and Financial Market Entities

( Finance Ministry, Financial Market Entities )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following is not a department of Finance Ministry?
a.  Department of Economic Affairs
b.  Department of Public Enterprises
c.  Department of Expenditure
d.  Department of Disinvestment

2.  Which of the following is not a function of Department of Economic Affairs (DEA)?
a.  Preparation of General Budget (excluding Railway Budget)
b.  Formulation of Macroeconomic policies
c.  Indian currency production
d.  Governing Direct and Indirect Taxes

3.  Who is the Economic Affairs Secretary of India (as of June 18, 2015)?
a.  Arvind Mayaram
b.  Hasmukh Adhia
c.  Rajiv Mehrishi
d.  Raghuram Rajan

4.  Which of the following department governs all banks, insurance, pensions, etc. provided by government agencies or private corporations?
a.  Department of Economic Affairs
b.  Department of Financial Services
c.  Department of Revenue
d.  None of the above

5.  Who is the Financial Services Secretary of India (as of June 18, 2015)?
a.  Arvind Mayaram
b.  Hasmukh Adhia
c.  Rajiv Mehrishi
d.  Aradhana Johri

6.  Who is the first Finance Minister of independent India?
a.  Liaquat Ali Khan
b.  R.K.Shanmukham Chetty
c.  Morarji Desai
d.  C.D.Deshmukh

7.  Who is the Finance Secretary of India (as of June 18, 2015)?
a.  Arvind Mayaram
b.  Hasmukh Adhia
c.  Rajiv Mehrishi
d.  Raghuram Rajan

8.  What is the main function of Primary Dealers (PD)?
a.  Dealing with government securities, both in Primary and Secondary Market
b.  Dealing with public funds
c.  Dealing with disinvestment
d.  None of the above

9.  Which of the following is true regarding Brokers?
a.  Brokers are needed to be approved by Capital market regulator
b.  Brokers act as an intermediary between buyers and sellers of securities of Capital Market
c.  Brokers help build-up an order book, carry out price discovery and are responsible for broker's contracts being honored
d.  All of the above

10.  Depository Participants maintain demat accounts of individual customers. Which of the following maintains demat accounts of Depository Participants?
a.  Government
b.  RBI
c.  Depositories
d.  Individual Banks

11.  Which of the following is correct difference between Brokers and Depository Participants?
a.  Brokers are members of stock exchanges; DPs are members of Depositories
b.  Brokers link buyers and sellers of securities through Stock Exchanges; DPs keep securities in safe electronic (demat) form, and act as the custodian of securities
c.  Brokers open trading account; DPs open demat account
d.  All of the above




Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



(Answers will be highlighted in the next day. Please visit the same question set in the following day to view the answers)



If you haven't registered yet, please register at this page - Study Plan Registration




If you like this site, please invite your friends and like / share / comment / feedback
Your active participation is needed!

Happy learning!

Read More

Wednesday, June 17, 2015

Day 57 - Questions


Day 57 - Interest Rate Swap, Disinvestment

( Interest Rate Swap, Disinvestment )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Interest Rate Swap is a financial instrument of -
a.  Money Market
b.  Capital Market
c.  Derivatives Market
d.  None of the above

2.  Which of the following is true regarding Interest Rate Swap (IRS)?
a.  Two parties exchange interest rate payments between them
b.  One party wants to receive payment in variable interest rate
c.  Other party wants to receive payment in fixed interest rate
d.  All of the above

3.  What is the purpose of Interest Rate Swap agreement?
a.  Hedging an investment
b.  Gaining tax benefit from government
c.  Change the interest rate of bank deposits
d.  All of the above

4.  Disinvestment can be though as -
a.  The conversion of money into securities / assets
b.  The conversion of securities / assets into money
c.  Both (a) and (b)
d.  None of the above

5.  Which of the following is true regarding disinvestment?
a.  Disinvestment is the action of an organization / government to sell its assets (shares / other securities / subsidiary) to raise money
b.  Disinvestment has the opposite effect of Investment
c.  Disinvestment occurs in Secondary Market
d.  All of the above




Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



(Answers will be highlighted in the next day. Please visit the same question set in the following day to view the answers)



If you haven't registered yet, please register at this page - Study Plan Registration




If you like this site, please invite your friends and like / share / comment / feedback
Your active participation is needed!

Happy learning!

Read More

IBPS RRB 2015-16 Notification




IBPS CWE RRB IV (2015-16) Notification


IBPS
has released the notification of RRB IV (2015-16).

Major change - Common Interview is introduced in RRB IV (up to previous year respective RRBs conducted their own Interview, and shortlisted final selected candidates accordingly)


Application Date - July 8 - 28, 2015
Exam Date - September 2015 (tentatively)


Download Official Notification - Click Me







If you like this site, please invite your friends and like / share / comment / feedback
Your active participation is needed!

Happy learning!


Read More

Tuesday, June 16, 2015

Day 56 - Questions


Day 56 - Purchasing Power Parity, Subsidy Leakage, JAM Trinity

( Purchasing Power Parity, Subsidy Leakage, JAM Trinity )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Which of the following is true regarding Purchasing Power Parity?
a.  The exchange rate of a currency with another currency is in equilibrium when their domestic purchasing power are equivalent at that exchange rate
b.  The exchange rate of a currency with another currency is in equilibrium when their domestic purchasing power are different at that exchange rate
c.  Purchasing power parity has no effect in exchange rate
d.  None of these

2.  If the same product/service can be sold in two different countries with no restrictions on sale and transport costs are zero, the product/service's price should be the same in both countries. This theory is known as -
a.  Market Parity Theory
b.  The Law of One Price
c.  Purchasing Power Parity
d.  None of the above

3.  Subsidy leakage means -
a.  Government subsidy is reaching to the intended beneficiary
b.  Government subsidy is not reaching to the intended beneficiary
c.  Government subsidy is stopped by the government
d.  None of the above

4.  Which of the following could help in reducing the Subsidy Leakage problem?
a.  PAHAL Scheme for LPG
b.  Direct Benefit Transfer (DBT) schemes
c.  Jan-Dhan Yojana Accounts
d.  All of the above

5.  Which of the following is included in JAM Trinity?
a.  Jan Dhan Yojana
b.  Aadhar linked Direct Benefit Transfer (DBT)
c.  Mobile Numbers
d.  All of the above





Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



(Answers will be highlighted in the next day. Please visit the same question set in the following day to view the answers)



If you haven't registered yet, please register at this page - Study Plan Registration




If you like this site, please invite your friends and like / share / comment / feedback
Your active participation is needed!

Happy learning!

Read More

Monday, June 15, 2015

Day 55 - Questions


Day 55 - Recession, Subprime Lending, DEAF scheme

( Recession, Subprime Lending, DEAF scheme )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  In a recession, GDP -
a.  grows rapidly
b.  grows negatively
c.  grows slowly
d.  doesn't grow

2.  Which of the following is not an effect of recession?
a.  Drop in Stock Market
b.  Business losses
c.  Increased employment
d.  Social effects, like low living standards, low wages, etc.

3.  If a bank provides loan to non-creditworthy borrowers, then it is known as -
a.  retail lending
b.  subprime lending
c.  prime lending
d.  corporate lending

4.  Which of the following can trigger recession in an economy?
a.  subprime lending
b.  political instability of the country
c.  falling oil prices
d.  all of the above

5.  What is the full form of DEAF?
a.  Depositor Education and Assumption Fund
b.  Depositor Education and Awareness Fund
c.  Depositor Education and Association Fund
d.  Depositor Education and Application Fund

6.  Which of the following is true regarding DEAF scheme?
a.  All unclaimed amounts in the banks need to be transferred within 1 month after becoming 5 years default to the DEAF Fund
b.  All unclaimed amounts in the banks need to be transferred within 3 months after becoming 5 years default to the DEAF Fund
c.  All unclaimed amounts in the banks need to be transferred within 3 months after becoming 10 years default to the DEAF Fund 
d.  None of the above

7.  What is the objective of DEAF scheme?
a.  To provide reflexive loans to the borrowers
b.  To promote depositor interest, like educating them, or creating awareness among them 
c.  To add to the Consolidated Fund of India, and to be used for nation building
d.  All of the above





Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.



(Answers will be highlighted in the next day. Please visit the same question set in the following day to view the answers)



If you haven't registered yet, please register at this page - Study Plan Registration




If you like this site, please invite your friends and like / share / comment / feedback
Your active participation is needed!

Happy learning!

Read More