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November 11, 2015

General & Banking Awareness Quiz for IBPS Bank Exams - Set 36

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Hi friends, I am Shravan again. First of all a very Happy Diwali to you all. Here I am sharing Set 36 of General Awareness questions taken from news papers. Happy Reading :)
  1. PM on 5th November 2015 launched three schemes aimed at reducing physical gold demand and luring tonnes of gold from households into the banking system. They are Gold Monetisation Scheme (GMS), Sovereign Gold Bond Scheme (SGBS) and ___________
    1.  Gold Coin and Bullion Scheme (GCBS)
    2.  Gold Sovereign Certificate Scheme (GSCS)
    3.  Gold Certificate and Bullion Scheme (GCBS)
    4.  Gold Certificate and Bar Scheme (GCBS)
    5.  Gold Coin and Barer Scheme (GCBS)
  2. Gold Monetisation Scheme (GMS) 2015 replace the existing Gold Deposit Scheme, 1999. The Deposes outstanding under the 1999 scheme _____________
    1.  automatically convened to present Gold Monetisation Scheme.
    2.  will be allowed to run till maturity unless the depositors prematurely withdraw them
    3.  will be converted into money automatically and paid to the deposit holder instantly.
    4.  will be converted into USA Dollars under LIBOR method
    5.  None of the above 
  3. Who are eligible to join the Gold Monetisation Scheme (GMS) as the deposi-tors can deposit gold at CPTC certified by the Bureau of Indian Standards (BIS)?
    1.  Individuals
    2.  HUF
    3.  SEBI - registered Mutual Funds
    4.  Exchange Traded Funds
    5.  All of above are eligible
  4. CPTC stands for _____________
    1.  Coin and Purity Testing Centres
    2.  Core and Purity Testing Centres
    3.  Collection and Purity Testing Centres
    4.  Collection and Purity Trail Centres
    5.  None of the above 
  5. A deposit certificate will be issued by banks in GMS scheme in equivalence of 995 fine-ness of gold and the principal and interest of the deposit under the scheme  _____________
    1.  will be denominated In gold.
    2.  will be denominated 50% in the gold form and 50% in the cash form.
    3.  will be denominated as per USA Dollars exchange rate.
    4.  will be denominated in gold as per 2010 rates.
    5.  None of the above
  6. The terms of deposit range under GMS rang-ing from short-term deposits (1-3 years), medium-term deposits (5-7 years) and long-term deposes of   _____________
    1.  20-25 years
    2.  20-35 years
    3. 40-45 years
    4. 18-25 years
    5.  12 - 15 years
  7. Under GMS scheme, the minimum depose at any one time shall be raw gold (bars, coins, jewellery excluding stones and other metals) equivalent to _____________  grams of gold. However there is no maximum limit for deposit under the scheme.
    1.  30
    2.  100
    3.  50
    4.  25
    5.  10
  8. Under the GMS scheme, in the medium term bonds, the rate of interest fixed at  _____________ and for the long term bonds is 2.5% for the bonds issued in 2015-16.
    1.  2.25 % per annum
    2.  3.25 % per annum
    3.  4.25 % per annum
    4.  6.25 % per annum
    5.  7.25 % per annum
  9. India declared grant assistance of  _____________ to African Nations (It will include an India-Africa Development Fund of $100 million and an India-Africa Health Fund of $10 million)
    1.  $ 6 Billion
    2.  $ 100 Billion
    3.  $ 1 Billion
    4.  $ 600 Million
    5.  $ 900 Million 
  10. Once the gold collected as deposit under the GMS scheme, the banks can _____________
    1.  sell the gold
    2.  lend the gold
    3.  use the gold for minting India Gold Coins
    4.  sell gold to other designated banks participating in GMS.
    5.  All of above actions can be done by bank
  11. Under the Sovereign Gold Bond Scheme (SGBS), who will issue Gold Bonds on behalf of the Government of India?
    1.  RBI
    2.  SBI
    3.  MMTC
    4.  SEBI
    5.  Government of Delhi
  12. Applications to get the SGBS bonds will be accepted between 5-20 November 2015. The bonds will be issued on _____________
    1.  26 November
    2.  26 December
    3.  26 January
    4.  26 February
    5.  26 March 
  13. Under the SGBS scheme, the bonds will be denominated in multiples of gram(s) of gold with a basic unit of   _____________
    1.  1 gram
    2.  10 grams
    3.  5 grams
    4. 30 grams
    5.  2 grams
  14. SGBS bonds will be issued for a tenor of eight years, with an exit option from the _____________
    1.  4th year
    2.  7th year
    3.  6th year
    4.  5th year
    5.  1st year 
  15. Under the Sovereign Gold Bonds Scheme (SGBS), investors earn an interest rate up to
    _____________
    1.  2.75 % per annum
    2.  3.75 % per annum
    3. 4.75 % per annum
    4. 5.75 % per annum
    5.  6.75 % per annum 
  16. As per RBI rule, SOBS bonds will not be allowed to purchase less than 2 grams  worth of bonds and not more than _____________  grams worth per person per financial year 
    1.  500
    2.  5000
    3.  100
    4.  10
    5. 20
  17. Locate the wrong statement regarding SGBS scheme.
    1.  Bonds are eligible for conversion into DEMAT form.
    2.  Bonds can be used as collateral for loans.
    3.  Interest on Gold Bonds shall be taxable.
    4.  Bonds will be sold through banks and designated post offices as notified.
    5.  All of above are correct
  18. Under the Gold Coin and Bullion Scheme, the govemment of India issue gold coins, which will have the Ashok Chakra engraved on them. Initially, coins of 5 grams and 10 grams will be available and 20 gram bars available at _____________ 
    1.  MMTC counters
    2.  RBI regional Offices
    3.  SBI head office
    4.  Post offices
    5.  All state government revenue counters 
  19. India surpassed which nations as the world's largest gold consumer, buying 562 tonnes of yellow metal so far in this 2015-16 fiscal year?
    1.  USA
    2.  UK
    3.  Japan
    4.  China
    5.  Germany 
  20. At the time of launching the PM Moth termed three gold schemes as _____________
    1.  sone pe suhaga
    2.  sone pe paisa
    3.  sone lathe sone
    4.  sone se bhrarth shine
    5.  None
Shared by Shravan Varma Gadiraju
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