General Awareness MCQs for RRB PO/Clerk 2018: 07 August

General Awareness MCQs for RRB PO/Clerk 2018: 07 August

General Awareness MCQs for RRB PO/Clerk 2018: 07 August

1. Malaysia has announced to introduce SST from September this year replacing GST. What is the full form of SST?
  1. Social Service Tax
  2. Sales and Service Tax
  3. Scheduled Sales Tax
  4. Salary and Sales Tax
  5. None of these
2. Benchmark Interest Rate is usually set and published by commercial banks for accumulating interest on different credit types. So, Benchmark Interest Rate is which type of  Interest Rate ?
  1. Maximum Lending Rate
  2. Normal Lending Rate
  3. Minimum Lending Rate
  4. Differential Lending Rate
  5. None  of these
3. NAFTA is an agreement signed by Canada, Mexico and the United States creating a trilateral trade bloc in North America. What does ‘F’ stands for in term NAFTA?
  1. Finance
  2. Focus
  3. Force
  4. Free
  5. None of these
4. Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) is regulated by –
  1. Registrar of Companies (ROC)
  2. RBI
  3. SEBI
  4. NPCI
  5. None of these
5. 58 fake FLCs have been issued through Punjab National Bank during the year 2017, causing ‘wrongful loss’ to the bank. What is the full form of FLC?
  1. Final Letter of Credit
  2. Financial Letter of Credit
  3. Financial Lending of Credit
  4. Foreign Letter of Credit
  5. Fiscal letter of Credit
6. Risk related with non payment of Credit Card Bill is –
  1. Operational Risk
  2. Market Risk
  3. Business Risk
  4. Credit Risk
  5.  Systematic Risk
7. When credit facility is provided by the bank to a customer against the collateral of immovable property, the relationship between bank and customer is of –
  1. Lessor and Lessee
  2. Bailee and Bailor
  3. Agent and Principal
  4. Custodian and Custodiee
  5. Mortgagor and Mortgagee
8. Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is limited to Rs 1 lac per customer. The act under which RBI grant to payments bank is –
  1. Companies Act, 2013
  2. Banking Regulation Act, 1949
  3. RBI Act, 1934
  4. Payment and Settlement Systems Act, 2007
  5. Banking Companies Act, 1980
9. Commercial Paper is an unsecured money market instrument. It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers to diversify their sources of short-term borrowings. It should be issued in the form of –
  1.  Letter of Credit
  2. Bill of Exchange
  3. Promissory Note
  4. Certificate of Deposit
  5. None of these
10. The SARFAESI Act, 2002 provides for the establishment of which of  the following –
  1. Bad Bank
  2. Insolvency and Bankruptcy Code
  3. Non Banking Financial Companies
  4. Asset Reconstruction Companies
  5. National Company law Tribunal
Answers:
  1. 2
  2. 3
  3. 4
  4. 2
  5. 4
  6. 4
  7. 5
  8. 2
  9. 3
  10. 4
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