Gurgaon Gramin Bank Officers Exam Question Paper 2012: Financial Awareness

Gurgaon Gramin Bank conducted written examination for the recruitment to the post of Officers Scale. The written examination was held on 15 April 2013. The examination included 200 questions from 4 different section comprising test of Reasoning, Quantitative Aptitude & Data Interpretation, Financial Awareness, General English (Optional) and General Hindi (Optional). The objective Tests will be common for both the posts of Officer Scale II & III. However, a separate merit list for each of the aforesaid both the posts will be prepared.
Jagranjosh.com provides Financial Awareness Section of the question paper. This question paper will enable the students to prepare well for upcoming SBI PO Recruitment Exam to be held on 28 April 2013.

1. What does the term Short selling refer to?
(A) Contract with a broker for sale of shares in a rising market
(B) Hoarding commodities to create artificial shortage and reduce sales
(C) Selling shares through a broker without actually holding shares generally either in a falling market and / or to induce a bear phase
(D) Selling shares through a broker in a 'Bear' phase of the market
(E) None of these

2. What does the term Depreciation mean as used in finance /banking operations?
(A) Closure of a Plant due to lock out
(B) Reduction in the value/loss of equipment/plant over a time due to wear and tear     .
(C) Loss incurred during a year due to plant breakdown
(D) Unusually high repair expenses incurred on the plant during the year
(E) None of these

3. Inflation has become a major area of concern in India these days.What measure does the Govt. of India/RBI normally take to control the same?
1. Fixation of maximum price of the commodities.
2. System of Dual prices.
3. Increase in supply of food grains.
4. Control on credit and liquidity in market.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 2, 3, and 4
(E) All of these

4. The present band approved by Reserve Bank of India between REPO and reverse REPO is-
(A) 0•5%     
(B) 1%
(C) 1•5%     
(D) 0•75%
(E) None of these

5. Which of the following is the Regulator of the credit rating agencies in India ? .
(A) RBI     
(B) SBI
(C) SIDBI     
(D) SEBI
(E) IRDA

Complete Financial Awareness Section

Answers For Financial Awareness Section

SBI PO Recruitment 2013