Practice Static GA Questions and Answers

• Bombay Stock exchange came into existence in the year
• The Indian Ocean Rim Association (IORA) was first established in which of the following country?
• Which of the following committee was formed to assess the functioning of the Indian Monetary System (1985)?
• Which of the following International Organisation does not have its headquarter at London, UK?
• Printing currency is a function of a bank
• Fiat Money is backed by government guarantee 
• 1 dollar note with you when you are in India is a Fiat Money 
• In 1955 government of India took the majority ownership of SBI      
• Eight regional banks were made subsidiary of SBI in 1960 as per State Bank of India (Subsidiary Banks) Act 1959.
• RBI was a privately held bank before 1949
• Usha Thorat committee recommended to close the Lead Bank Scheme
•   After nationalisation bank deposit increased due to increased public confidence in the banks as the majority ownership was transferred to the respec...
• ICICI Bank was constituted as first Universal Bank in India
• Increased competition by bringing more private sector banks and foreign banks, reduced the share of Public Sector Banks in total loans.
• CRR and SLR were increased as a part of banking sector reforms 
• Financial regulation refers to policy making and financial supervision is continuous monitoring of the performance
• Before the Payment and settlement Act of 2007, all payments were regulated by the Finance Ministry directly
• Forward contact is a type of derivative which is publically traded 
• Forwards contract can be reversed only with the same counter-party with whom it was entered into
• Interest rate can also be understood as the opportunity cost of consuming now rather than saving and investing 
• An annuity due is an annuity in which the periodic payments are made at the beginning of each payments interval.
• The future value of a general annuity due is greater than the future value of the corresponding ordinary general annuity by the interest on it for one paym...
• The perpetuity payment is the interest earned by the present value of the perpetuity in one interest period. 
• NPV and IRR, both methods, ignore periodic depreciation charges on investment proposals.
• PayBack Period takes into account cash flows beyond the payback period. 
• In ARR method the decision is to accept the project if ARR is more than the minimum expected rate of return
• Profitability Index (PI) overcomes the shortcoming of NPV in which the absolute amount is considered.
• In case of mutually exclusive projects and when NPV and IRR giving conflicting results, go for the project having higher IRR
• Money multiplier measures an estimate of the maximum amount of commercial bank money that can be created
• Interbank deposit (deposit of one bank with the other) is taken into account in money multiplier
• District Credit Plan is prepared by the Lead District Manager (LDM) of the NABARD 
• Priority Sector Lending Certificates (PSLCs) incentivises the seller bank for over-achievement of the PSL targets
• The Future Value of an Annuity is equal to the future value of the sum of individual cash flows.
• A loan is categorised as NPA when its interest or principal repayment become overdue for more than 180 days 
• Where is the Head Office of Krishna Bhima Samrudhi LAB situated?
• What is the Number of RRBs functional now?
• Total number of bank branches in India is about?
• In early 1990s banking system was struggling with large NPAs. Approximately what percent of the loans were non-performing in 1994?
• Committee on Banking Sector reforms (Narasimham Committee 2) submitted its report in?
• Head Office of Bank of International Settlement is at?