Oriental Bank of Commerce Sample Question Papers

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Apr 10, 2010, 3:25:35 AM4/10/10

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GENERAL AWARENESS

26. Which of the following organiza-tion/agencies has asked all the
banks in India to form customer service panels at branch levels ?

(A) Indian Bank’s Association

(B) Reserve Bank of India (RBI)

(D) Securities and Exchange Board of India (SEBI)

(E) None of these

27. As we all know Securities and Exchange Board of India (SEBI) has
taken some corrective steps to restrict functioning of Partici-patory
Notes (P-Notes) in Indian Stock Markets. Why are P-Notes considered
dangerous for the financial markets of a country ?

1. This allows a foreign inves-tor to invest funds without knowing the
history/finan-cial health of a company. If Company fails foreign
investors lose their money. Govt. of India does not want this as this
will bring a bad name to the country.

2. P-Notes allow foreign inves-tors to buy shares of blue chip
companies without following know Your Custo-mer (KYC) norms. Hence
money invested here may not be from a valid and legal source.

3. P-Notes are launched to arrange funds only for social schemes. Due
to huge funds available with NRI for investment they are sending it in
bulk. Hence cost of such investments is very high and it is not
commercially viable for banks to accept such investments.

(A) Only (1) is correct

(B) Only (2) is correct

(D) Both (1) and (2) are correct

(E) None of these

28. The Banking Industry a few years back was badly in the grip of Non
Performing Assets (Bad loans) for which the RBI and banks took special
measures. As per the latest financial reports of the industry, what is
the status of NPAs at present ?

1. There are no NPAs now as not a single loan of Rs. 5 lakhs and above
is given by the bank without proper paperwork.

2. As reported of 2006-07 the NPAs have declined.

3. As the interest rates are very high banks are not providing loans
to middle class and poor general borrows. Hence NPAs in private and
personal bank-ing area are ‘zero’ where as in industrial credit sector
NPAs are still at the level of 22 per cent.

(A) Only (1) is correct

(B) Only (2) is correct

(D) Only (3) is correct

(E) None of these

29. Which of the following car com-panies has launched a small cheaper
car ‘Nano’ ?

(A) Maruti Suzuki Udhyog Ltd.

(B) Hyundai Motor India Ltd.

(D) Hindustan Motors Ltd.

(E) None of these

30. The Govt. of India in general and the Banks in particular are very
much after the ‘Financial Inclu-sion’ a goal which both of them wish
to achieve as early as pos-sible. What is the actual meaning of
‘Financial Inclusion’ ?

1. Each and every individual above the age of 21 years should have an
employ-ment and/or independent source of income enough for him/her to
sustain.

2. It is a concept which envi-sages that maximum people in India
should have access to banking services.

3. Banking services should be provided only to those who have a valid
and legal source of income as Govt. of India wants each and every per-
son in the income tax net irrespective of the level of their income.

(A) Only (1) is true

(B) Only (2) is true

(D) Both (1), (2), (3) are true

(E) None of these

31. As per the reports in the major financial newspapers India has
urged China to redress imba-lance in trade. What does it really mean ?
It means…………

(A) India exports more items to China whereas China does not export
much to India

(B) India is not able to export much to China whereas its import from
China is of higher value

(D) As per WTO laws India is supposed to export food grains to China.
But China has not placed any order for the same in 2006-07. It has
also refused to accept 200 lakh tonnes of wheat exported to it by
India.

(E) None of these

32. As reported in the newspapers the collection of Direct Taxes which
includes IT, FBT, STT and BCTT grew by about 50% during the current
fiscal year. Which of the following is the name of the tax levied on a
cash withdrawal or deposit from/to a bank ?

(A) IT (B) FBT

(E) None of these

33. As reported in some financial newspapers some banks in India
(including major banks) these days are not accepting US dollar
transactions from Iranian buyers. Which of the following is the major
reason of banks not accep-ting such transactions from Iran ?

1. USA has put a ban on major iranian Banks hence Indian banks are
also not accepting transaction from Iran as they do not get return of
the same from it.

2. Iran is facing a major Reces-sion hence all Banks have stopped
major transactions with Iranian banks.

3. Iran has declared itself as an Islamic country and hence its
banking is also Islamic Banking. This is the reason owing to which
most of the countries are not able to develop financial ties with it.

(A) Only (1)

(B) Only (2)

(D) Both (1) and (2)

(E) All (1), (2) and (3)

34. As reported in some major financial news papers many times it is
said that ‘Other Income’ boosts the profit of a bank to a substantial
level. What is this other income for a bank ? (Pick up the option (s)
which are the part (s) of this other income)

1. Commission for selling insurance policies.

2. Fee for providing various services (like ATM/Extra cheque etc.)

3. Interest on advances and loans.

(A) Only (1)

(B) Only (2)

(D) Only (3)

(E) All (1), (2) and (3)

35. Amongst the BRIC nations the GDP of which of the following took a
fast growth of 11·5% in recent past ?

(A) None (B) Brazil

(E) China

36. Which of the following is the achievement/outcome of Mrs. Sonia
Gandhi’s visit to China in October 2007 ?

1. A working group is estab-lished to prepare a frame-work for the
settlement of boundary issue.

2. China has agreed to support India’s claim to have a permanent seat
in UN Security Council.

3. China agreed to stop all exports to Pakistan till it switches over
to a democra-tically elected government.

(A) Only (1)

(B) Only (2)

(D) Both (1), (2) and (3)

(E) None of these

37. As reported time and again and in the media most of the Indian
Industrialists are against a regional trade pact with China. Why China
is not a preferred partner in trade and business activities in India ?

1. India has already instigated maximum number of cases against China
under anti dumping laws.

2. China is not a quality cons-cious country. Hence the products are
not of good market value.

3. China has maximum trade agreements with those countries whose
activities are not liked by India and some major countries of E.U.
China is importing goods from them and redirecting it to India.

(A) Only (1)

(B) Only (2)

(D) All (1), (2) and (3)

(E) None of these

38. India has a regional trade pact SAFTA. This pact is with mem-bers
of which of the following group of countries ?

(A) IBSA (B) EU

(E) SAARC

39. As reported in some news-papers/magazines some banks have decided
to install Biometric ATMs so that fraudulent with-drawals can be
prevented. Bio-metric ATMs will be able to do so as it also checks—

1. Signatures of the card holdes.

2. Finger prints of the card holders.

3. Skin colour of the card holders.

(A) Only (1)

(B) Only (2)

(D) Both (1) and (3)

(E) All (1), (2) and (3)

40. Which of the following schemes is launched specifically for
helping Senior Citizens to avail loan by mortgage of their resi-
dential property ?

(A) English mortgage scheme

(B) Senior Capital Loan scheme

(D) DEMAT Account Scheme

(E) None of these

41. Who amongst the following received the Nobel Prize 2007 for
Medicine ?

1. Martin Evans

2. Mario Capecchi

3. Oliver Smiths

(A) Only (1)

(B) Only (2)

(D) Both (1) and (3)

(E) All (1), (2) and (3) jointly

42. A summit of which of the follo-wing two countries took place for
the first time recently which is being considered a big leap in the
direction of diffusing conflict between them from last 50 years ?

(A) China–Russia

(B) Vietnam–USA

(D) Russia–USA

(E) South-Korea–North Korea

43. The Gorkha Hill Council is in function in which of the follo-wing
districts of West Bengal (Since October 2007) ?

(A) Midnapore

(B) Birbhum

(D) Howrah

(E) Darjeeling

44. Prime Minister of India was on a visit to Russia in November 2007.
Which of the following is/are the outcome of his meeting with Russian
Leaders ?

1. Both the countries signed an agreement for their joint space
programme.

2. India signed a nuclear deal with Russia for construction of four
new Nuclear Reac-tions in Tamil Nadu.

3. India and Russia agreed to take a joint military action to stop
insurgency problem in some parts of India.

(A) Only (1)

(B) Only (2)

(D) Only (3)

(E) All (1), (2) and (3)

45. The Govt. of India has decided to take a major stake in Sakhalin
IV and Sakhalin V oil fields. Both these oil fields are situated in
which of the following countries ?

(A) Brazil

(B) Russia

(D) Saudi Arabia

(E) None of these

46. The Planning commission of India has established a National Fund
to improve the distribution of which of the following in the country ?

(A) Electricity

(B) Cooking gas

(D) Fresh currency notes

(E) None of these

47. The US economy is in a bad shape these days as a slow down is
noticed in it in recent past. What will be its impact on ‘Global
economy’ in general ?

1. Dollar will be depreciated.

2. Export from European mar-kets will gain strength.

3. Interest rates of short term loans in money market will shoot up
sharply as demand for short term rupee loan will shoot up.

(A) Only (1)

(B) Only (2)

(D) Only (3)

(E) All (1), (2) and (3)

48. As published in the newspapes the RBI has issued certain guide-
lines to be followed by the Recovery Agents appointed by the banks. In
addition to this the Indian Bank Association (IBA) has to formulate a
special training course for them. Why RBI and IBA has to come into
picture for such an issue which is the res-ponsibility of the banks ?

1. RBI and Govt. were getting many complaints from the public about
the misbeha-viour of Recovery agents.

2. Govt. of India is paying much emphasis on provi-ding banking
services to the poor section of society. News about ill treatment by
agents or suicides due to inability to payback loans create a negative
picture. RBI do not want this to hap-pen.

3. Despite banks efforts to recover loans many people still do not
wish to repay their loans intentionally. Recovery agents will help
banks to get their money back by all possible means.

(A) Only (1)

(B) Only (2)

(D) Only (3)

(E) All (1), (2) and (3)

49. The imports of which of the following items from Indiahas been
lesser than its Exports of the same during 2007-08 ?

(A) Oil (B) Chemicals

(E) None of these

50. The Planning commission of India decided to fix the target growth
of GDP during 11th Five year plan at 9%. What was the growth rate in
10th plan period ?

(A) 4% (B) 8%

(E) 6·7%

Answers with Explanations :

1. (E) 2. (D) 3. (a) 4. (e) 5. (c)

6. (e) 7. (d)

8. (b) ‘El-Nino’ is the nature’s Vicious Cycle caused due to deranged
weather pattern, as happed the giant El-Nino of 1997-98, killed about
2,100 people.

9. (d) 10. (a)

11. (D) ‘NWDPRA’ (National Water- shed Development Project for Rainfed
Area) was launched in 1990-91 for 25 states and 2 UTs in the country
for rainfed farming.

12. (e) 13. (c)

14. (d) With 6330 Points, Justine Henin is at the First Place.

15. (d) 16. (D) 17. (a) 18. (E) 19. (B)

20. (D) 21. (D) 22. (B) 23. (C) 24. (B)

25. (E) 26. (B) 27. (d) 28. (C) 29. (C)

30. (B) 31. (a) 32. (D) 33. (D) 34. (D)

35. (E) 36. (A) 37. (B) 38. (e) 39. (e)

40. (c)

41. (e) The ‘Nobel Prize, 2007’ in Medicine/or Physiology was awarded
jointly to Mario R. Capecchi (USA), Sir Martin J. Evans (UK) and
Oliver Smiths (USA) i.e., 1/3 of the prize to each, announced on 8th
Oct., 2007 at Karolinska Institute by the Nobel Assembly.

42. (E) 43. (e) 44. (a) 45. (b) 46. (c)

47. (e) 48. (A) 49. (D)

50. (B) In 10th Plan (2002-07), ‘NDC’ (National Development Council)
envisaged an average growth rate of 8%

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