Marketing and Financial Awareness Quiz

Here is a Sample Question Paper of Marketing and Financial Awareness for candidates appearing for various Bank Exams

1. The International Bank for Reconstruction and Development (IBRD) is better known as
Choose the right option

[A] World Bank
[B] Asian Development Bank
[C] IMF
[D] It is known by its name

Answer is option A
The International Bank for Reconstruction and Development (IBRD) is an international financial institution which offers loans to middle-income developing countries. The IBRD is the first of five member institutions which compose the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1944 with the mission of financing the reconstruction of European nations devastated by World War II.

2. When was the Reserve Bank of India established?
Choose the right option

[A] 1920
[B] 1928
[C] 1935
[D] 1947

Answer is option C
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934. The share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence in 1947, the RBI was nationalised in the year 1949.

3. Which is the largest commercial bank in India?
Choose the right option

[A] Reserve Bank of India
[B] State Bank of India
[C] ICICI Bank
[D] Bank of India

Answer is option B
State Bank of India (SBI) is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets

4. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
Choose the right option

[A] Reserve Bank of India
[B] Imperial Bank of India
[C] Bank of India
[D] Union Bank of India

Answer is option B
The Imperial Bank of India came into existence on 27 January 1921 by J.M. Keynes. when the three Presidency Banks of colonial India, were reorganized and amalgamated to form a single banking entity. The three Presidency banks were the Bank of Bengal, established on 2 June 1806, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843)

5. Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans?
Choose the right option

[A] Asian Development Bank
[B] IMF
[C] International Developmental Association
[D] International Finance Corporation

Answer is option D
International Finance Corporation (IFC) was formed in 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects which reduce poverty and promote development.

6. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
Choose the right option

[A] Asian Development Bank
[B] IMF
[C] International Development Association
[D] International Finance Corporation

Answer is option C
The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States.It was established in 1960.

7. Who is known as the ‘Father of Economics’?
Choose the right option

[A] Adam Smith
[B] Chanakya
[C] Machiavelli
[D] None of these

Answer is option A

8. Which was the first Indian Bank to introduce credit card?
Choose the right option

[A] State Bank of Indi
[B] Central Bank of India
[c] Union Bank of India
[D] ICICI

Answer is option B
The introduction of the first credit card is claimed by Central Bank of India,in 1980, by name, 'CentralCard'

9. What does devaluation of a currency mean?
Choose the right option

[A] Decrease in the internal value of money
[B] Decrease in the external value of money
[C] Decrease both in the external and internal values of money
[D] None of these

Answer is option B
Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can be exchanged. ‘Devaluation’ means official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency.

10. Which of the following is known as plastic money? http://isbigdeal.blogspot.com
Choose the right option

[A] Bearer Cheques
[B] Credit Cards
[C] Demand Drafts
[D] Gift Cheques

Answer is option B
Plastic money is a term that is used predominantly in reference to the hard plastic cards we use everyday in place of actual bank notes. They can come in many different forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards.