Financial Awareness Questions

1. Which of the following committees recommended the revival of Cooperative Credit institutions in states?
(a) Vaidyanathan committee
(b) Rangarajan committee
(c) Sachchar committee
(d) None of the above

2. Which of the following organizations/agencies has established a fund known as ‘Investor protection fund’?
(a) SEBI
(b) NABARD
(c) BSE/NSE
(d) AMFI



3. India has different categories of Commercial Banks. Which of the following is NOT one such category?
(a) Private Banks
(b) Commodity Banks
(c) Nationalized Banks
(d) Co-operative Banks

4. Which of the following types of Banks are allowed to operate foreign currency accounts?
I. Foreign Banks
II. Regional Rural Banks
III. Nationalized Banks
(a) Only I
(b) Only II
(c) Only III
(d) All of the above

5. The money which Govt. of India spends on the development of infrastructure in country comes from which of the following sources? [Pick up the correct statements (s)]
I. Loan from World Bank/ADB etc.
II. Taxes collected from the people.
III. Loan from the RBI.
(a) Only I
(b) Only II
(c) Only III
(d) All of the above

6. Many times we read in financial newspapers about ‘FII’. What is the full form of FII?
(a) Final Investment in India
(b) Foreign Investment in India
(c) Formal Investment in India
(d) Foreign Institutional Investment

7. Commission for Agricultural Costs and Prices (CACP) recommends...........?
(a) Comfort Price
(b) State Advised Price
(c) Minimum Support Price
(d) Minimum Export Price

8. The Secure Electronic Transaction (SET) specification _____________?
(a) Is a notice, issued and verified by a certificate authority, that guarantees a user or Website is legitimate
(b) Provides private-key encryption of all data that passes between a client and server
(c) Allows users to choose an encryption scheme for the data that passes between a client and a server
(d) Uses a public-key encryption to secure credit-card transaction systems