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• Financial Markets

  Financial Markets

  December 22, 2014

   

  In a business environment, generally there is involvement of two parties: one who invests money or lends money and other one who borrows or uses money. Financial markets acts as link between these two parties.

  Financial Market

  Financial market can be defined as transmission medium between investors and borrowers through which funds transfer is facilitated. It consists of individual investors, intermediaries, financial institutions.

  Functions of financial market

  • It facilitates interaction between the investors and the borrowers.
  • It reduces the cost of transactions and information.
  • It ensures liquidity by providing a mechanism for an investor to sell the financial assets.
  • It provides security to dealings in financial assets.
  • It provides pricing information resulting from the interaction between buyers and sellers in the market when they trade the financial assets.

  Types of financial market

  The financial market is primarily divided into two types:

  1. Money Market
  2. Capital Market

  Money Market

  Money market is the market for short-term funds which deals in financial assets whose period of maturity is up to one year. It provides market for credit instruments such as bills of exchange, promissory notes, commercial paper, treasury bills, etc. It helps the business units, other organisations and the Government to borrow the funds to meet their short-term requirement.

  Money market is network of financial institutions dealing in short-term funds, which provides an outlet to lenders and a source of supply for such funds to borrowers. The Indian money market consists of Reserve Bank of India, Commercial banks, Co-operative banks, and other specialized financial institutions. The Reserve Bank of India is the regulator of the money market in India. Some Non-Banking Financial Companies (NBFCs) and financial institutions like LIC, UTI, etc. also operate in the Indian money market.

  Money Market Instruments

  1. Call Money: Call money is generally used by banks to overcome their day-to-day shortage of cash. It is repayable on demand and its maturity period varies in between one day to a fortnight. The rate of interest paid on call money loan is known as call rate.
  2. Commercial Paper: Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. It was introduced in India in 1990 to enable the corporate borrowers to raise short-term funds. It can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue. It can be issued in denominations of Rs.5 lakh or multiples thereof.
  3. Certificate of Deposit: Certificate of Deposit (CD) is a negotiable money market instrument issued by scheduled commercial banks {excluding Regional Rural Banks and Local Area Banks} and select All-India Financial Institutions (SFIs) which are freely transferable from one party to another. The maturity period of CDs issued by banks should not be less than 7 days and not more than one year, from the date of issue. They can be issued to individuals, corporations, trusts, funds and associations. CDs are issued in denominations of Rs.1 Lac and in the multiples of Rs. 1 Lac thereafter.
  4. Treasury Bill: A treasury bill is a promissory note issued by the RBI to meet the short-term requirement of funds. These bills are normally issued at a price less than their face value; and redeemed at face value. So the difference between the issue price and the face value of the Treasury bill represents the interest on the investment. At present, RBI issues T-Bills for three different maturities: 91 days, 182 days and 364 days. These bills are secured instruments and are issued for a period of not exceeding 364 days.
  5. Bill of Exchange: A Bill of Exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.

  Capital Market

  Capital market is the market dealing with medium-term and long-term funds. It constitutes all long-term borrowings from banks and financial institutions, borrowings from foreign markets and raising of capital by issue various securities such as shares debentures, bonds, etc. Securities Exchange Board of India (SEBI) is the regulator of capital market in India. Capital market is further divided into two categories:

  • Primary Market
  • Secondary Market

  Primary Market

  It is that market in which shares, debentures and other securities are sold for the first time for collecting long-term capital. The primary market deals with new or fresh issue of securities and is, therefore, also known as new issue market. The major players in this market are merchant bankers, mutual funds, financial institutions, and the individual investors.

  Secondary Market

  The secondary market is also known as stock market or stock exchange. It is that market in which the buying and selling of the previously issued securities is done. The major players in this market are merchant bankers, mutual funds, financial institutions, individual investors and stockbrokers.

  Read next: Foreign Exchange Market in India ››

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• Quiz: Banking Awareness

  1. CRR funds are kept by the Banks in.........? 

      (1) Cash in hands at branches 

      (2) Balance with other banks 

      (3) Balance in a special accounts with RBI 

      (4) Funds in the currency chest 

  Ans-3 

  
  

  2. India's first indigenous payment gateway is ..........? 

      (1) India Expenditure         (2) India Payment 

      (3) India Challan         (4) India Pay 

  Ans-4 

  
  

  3. The interest on recurring deposit is paid on the basis of ? 

      (1) Simple interest calculated monthly basis 

      (2) Simple interest on monthly product basis 

      (3) Quarterly compounding 

      (4) Interest calculated on daily product basis 

  Ans-3 

  
  

  4. Which of the following is not an imperfect note? 

      (1) Wahsed note (2) Bleached note 

      (3) Multilated note (4) Oiled note 

  Ans-3 

  
  

  5. When bank accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as.....? 

      (1) Term deposit (2) Demand Deposit

      (3) Bond         (4) Mortgage 

  Ans-1 

  
  

  6. Issuing credit cards is a component of? 

      (1) Corporate Banking (2) Rural banking 

      (3) Retail Banking         (4) Micro finace 

  Ans-3 

  
  

  7. Certificate of deposits have a minimum value of......? 

      (1) Rs 1 lakh (2) Rs 10 Lakh 

      (3) Rs 25 lakh (4) Rs 1 crore 

  Ans-1 

  
  

  8. CAPART is associated with which of the following? 

      (1) Energy sector (2) Rural Developemnt 

      (3) Infrastructure (4) Foreign trade 

  Ans- 2 

  9. A loan bearing low rate of interest is known as ........? 

      (1) Hard loan (2) Soft loan 

      (3) Capital Loan (4) Real Loan 

  Ans-2 

  
  

  10.When the loan is guaranteed for purchase of white goods it is called......? 

      (1) White goods loan 

      (2) Consumer durable loan 

      (3) Business loan 

     (4) Consumption loan 

  Ans-2

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• Analogy: Reasoning Quiz

  In this type, a pair of words is given followed by four pairs of word as alternatives. The candidate is required to choose the pair in which the words bear the same relationship to each other as the words of the given pair bear.

  1.       Numismatist : Coins

  (a) Cartographer : Maps       (b) Jeweller : Jewets

  (c) Geneticist : Chromosomes  (d) Botanist : Plants

  Ans: D

  Explanation:

  Numismatist is the research person about coins. Similarly research person about plants in Botanist.

  2.       CEN : FHQ

  (a) SUV : FIL                              (b) TKR : WMU

  (C) TKR : WNU                         (d) MOP : PRT

  Ans: C

  Explanation:

  
  

  
  

  Similarly

  
  

  
  

  3.       HSFP : TBWD

  (a) LRUI : MQVH                     (b) LQUJ : MQWN

  (c) JFSI : LIVM                          (d) DBMI : TKRS

  Ans: A

  Explanation:

  
  

  
  

  Similarly
  

  
  

  
  

  4.       RCNV : TFRA

  (a) JFSI : LIWN                         (b) MOSV : SMOP

  (c) LIWN : MQVF                    (d) EGPN : WMUS

  Ans: A

  Explanation:

  
  

  
  

  Similarly
  

  
  

  
  

  5.       Create : Destory

  (a) Alight : Descend               (b) Mend : Repair

  (c) kindle : Deny                     (d) Chaoc : Peace

  Ans: D

  Explanation:

   The words in each pair are antonyms of each other.

  6.       Brim : Edge

  (a) Sink : Float                          (b) Robust : Weak

  (c) Alight : Descend               (d) Crime : Sin

  Ans: C

  Explanation:

  The words in each pair are synonym of each other.

  7.       Error : Blunder

  (a) Quarrel : War                    (b) Flaw : Defect

  (c) Sink : Float                          (d) Oil : Seed

  Ans: A

  Explanation:

  The words in each pair are related as follows. In each pair the second word is the higher intensity of the first word.

  8.       Book : Chapter

  (a) Wish : Desire                     (b) Unhappy : Sad

  (c) Fan : Blade                          (d) Oil : Seed

  Ans: C

  Explanation:

  Chapter is a part of Book. Similarly blade is the part of fan.

  9.       Wine : Grapes

  (a) Jaggery : Sugar Cane       (b) Sink : Drown

  (c) Vacant : Empty                 (d) Mend : Repair

  Ans: A

  Explanation:

  Wine is made of grapes. Similarly Jiggery is made of Sugar Cane

  10.   Poet : Poem

  (a) Sack :Juet                            (b) Dramatist : Play

  (c) Judge : Law                         (d) Grocer : Shop

  Ans: B

  Explanation:

  A poet writes poem. Similarly a Dramatist Demonstrate play in a stage.

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• Quiz:Banking Questions

  1. Which of the following card product launched by the banks is working on the principle of Buy Now Pay Later? 

      1. ATM card                        2. Debit card 

      3. Charge Card                   4. Credit card 

  Ans-4 

   

  2. Which of the following organisation provides credit history of the borrowers? 

      1. CIBIL                               2. SEBI 

      3. RBI                                  4. IBA 

  Ans-1 

   

  3. What is the Full form of NSE the term we see very frequently in newspaper? 

      1. New service exchange               2. New stock evauation 

      3. National stock exchange            4. National service emporium 

  Ans-3 

   

  4. The term Deficit Financing means the government borrows money from the....? 

      1. IMF                                  2. Local bodies 

      3. RBI                                  4. large corporates 

  Ans-3 

   

  5. Excise duty is the tax levied on which of the following? 

      1. Production of goods        2. purchase of goods 

      3. export of goods               4. sale of goods 

  Ans-1 

   

  6. Upper limit prescribed for RTGS transactions is ? 

      1. Rs 1 lakh                         2. Rs 2 lkah 

      3. Rs 5 lakh                         4. No upper limit is prescribed 

  Ans-4 

   

  7. When a bank returns a cheque unpaid, it is called...? 

      1. payment of cheque         2. dishonour of cheque 

      3. cancelling of cheque       4. taking of cheque 

  Ans-2 

   

  8. Which of the following is not a negotiable instrument? 

      1. Cheque                           2. Fixed deposit reciept 

      3. promissory note              4. Bill of exchange 

  Ans-2 

   

  9. In economic terms. the total market value of all final goods and services produced in a country in a given year is known as .....? 

      1. GNI                                 2. GDP 

      3. Inflation                           4. PPP 

  Ans-2 

   

  10. Special Drawing Rights are the rights of countries provided by....? 

      1. World Bank                     2. IMF 

      3. ADB                                4. Federal reserves 

  Ans-2 

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• Complete Banking Knowledge Booster for IBPS Clerk, PO

  Dear Readers,
  
  We are providing you complete banking knowledge in single place. Hope it will be useful for all banking exams like SBI, IBPS PO, Clerk, Insurance and more.This deep knowledge will also help in interview and Group discussion.
  
  
  To download Click Here
  

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• Quiz:Banking Questions

  
  

  1. The permanent account number (PAN), which is an alphanumeric number allotted by the income tax department to taxpayers, consists of how many digits?

      (A) Seven digits                           (B) Eight digits

      (C) Nine digits                              (D) Ten digits

      (E) Eleven digits

   

  2.Which of the following regulators regulates credit rating agencies in India?

      (A) Reserve Bank of India (RBI)

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

      (C) Insurance Regulatory and Development Authority(IRDA)

      (D) Forward market commission(FMC)

      (E) None of these

   

  3.Which of the following instruments is NOT a negotiable instrument?

      (A) Banknote                              (B) Promissory note

      (C) Bill of exchange                    (D) Cheque

      (E) Demand draft

   

  4. Star series banknotes issued by the RBI refer to which of the following?

      (A) Banknotes issued to track black money

      (B) Banknotes used to replace those with defective printing

      (C) Banknotes issued for a short period

      (D) Plastic notes                         (E) None of these

   

  5. The Reserve Bank of India (RBI) has permitted some non-bank entities to set up white-label ATMs in India. Which of the following is/are among them?

      (A) Tata Communications Payment Solutions

      (B) Vakrangee

      (C) Muthoot Finance

      (D) Prizm Payment Services

      (E) All the above

   

  6.Which of the following banks has the highest number of branches outside India?

      (A) HDFC Bank                         (B) ICICI Bank

      (C) Bank of Baroda                    (D) Indian Overseas Bank

      (E) Punjab National Bank

   

  7. Expand the term MFI as used in banking/financial parlance.

      (A) Market Finance Institution

      (B) Medium Finance Institution

      (C) Micro Finance Institution

      (D) Mega Finance Institution

      (E) None of these

   

  8.Which of the following cannot be categorised as a debt instrument?

      (A) Loan                                    (B) Certificate of deposit

      (C) Commercial paper              (D) Bond

      (E) Stock

   

  9. Banks in India normally follow a practice of providing additional interest rate on retail domestic term deposits of _________.

      (A) Handicaps                              (B) Senior citizens

      (C) Rural people                          (D) Married women

      (E) None of these

   

  10. In the event of a bank failure, Deposit Insurance and Credit Guarantee Corporation (DICGC) protects bank deposits that are payable in India. Which of the following is not covered by DICGC?

      (A) Deposits of Central/State Govts

      (B) Current                                    (C) Recurring

      (D) Fixed                                        (E) Savings

   

   

  Answer:

  Q.           Ans.

  1             D

  2             B

  3             A

  4             B

  5             E

  6             C

  7             C

  8             E

  9             B

  10          A

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• IBPS Bank PO Common Written Exam Computer Solved Paper 2014 Exam Date 12-06-2014

  1. Which of the following is not true about RAM?
  

      (a) RAM is a temporary storage area

      (b) RAM is the same as hard disk storage

      (c) RAM is volatile

      (d) Information stored in RAM is gone when you turn the computer off

      (e) None of these

  Ans: B 

  
  

  2. What do you understand by the term ‘booting’?

      (a) The process of starting the computer from the power-off position 

      (b) Connecting the computer of the electric switch 

      (c) Increasing the memory of the computer

      (d) The process of shut down the computer 

      (e) None of these

  Ans : A

  
  

  3. Device drivers are that

      (a) Tiny power card for external storage device

      (b) Specialists knowing how to maximise the performance of device 

      (c) Short, special purpose programs

      (d) Internal part of operating system

      (e) Substitutes for operating system

  Ans : C

  
  

  4. Which super computer could not be defeated by humans?

      (a) IBM P4 (b) Deep blue

      (c) Cray XMP-14 (d) Compaq

      (e) Blue 

  Ans : B

  
  

  5. What is the difference between a CD-ROM and a CD-RW?

      (a) They are the same-just two different terms used by different manufactures

      (b) A CD-ROM can be written to and a CD-RW cannot

      (c) A CD-RW can be written to and a CD-ROM can only be read from

      (d) A CD-ROM holds more information than a CD-RW

     (e)  None of these 

  Ans : C

  
  

  6. ....... is the study of molecules and structures whose size range from 1 to 100 nanometers.

      (a) Nanoscience

      (b) Microelectrodes

      (c) Computer forensics

      (d) Artificial Intelligence

      (e) None of these

  Ans : A

  
  

  7. The........ folder retains copies of messages that you have started but are not yet ready to send.

      (a) Drafts (b) Outbox

      (c) Address book (d) Sent items

      (e) Inbox 

  Ans : A

  
  

  8. What should you do as soon as you have successfully created the database and the data dictionary?

      (a) Open the database for users to start adding data

      (b) Start adding a bunch of tablespaces to allow users to use

      (c) Leave it running for a few days to make sure that nothing bad is going to happen

      (d) Shut it down and take a cold backup

      (e) None of these

  Ans : B

  
  

  9. References to each file of a disk are stored in a 

      (a) File allocation table

      (b) Root allocation table

      (c) Linking directory

      (d) Root directory

      (e) None of these

  Ans : B

  
  

  10. A byte is comprised of

      (a) One bit (b) Four bits

      (c) Eight bits (d) Sixteen bits

      (e) None of these

  Ans : C

  
  

  11. Device that allow you to put information into the computer

     (a) Input (b) Output

     (c) Type         (d) Print

     (e) None of these

  Ans : A

  
  

  12. What is a URL?

      (a) A computer software program

      (b) A type of programming object

      (c) The address of a document or ‘page’ on the World Wide Web

      (d) An acronym for unlimited Resources for Learning 

      (e) A piece of hardware

  Ans : C

  
  

  13. .........is an invalid type of database key.

      (a) Structured primary key

      (b) Atomic primary key

      (c) Primary key

      (d) Composite primary key

      (e) None of these

  Ans : A

  
  

  14. A series of specially designed documents, which are all liked to be viewed on Internet is called

      (a) World wide web (b) Web server 

      (c) Search engine         (d) (b) and (c)

      (e) None of these 

  Ans : A

  
  

  15. Point out the odd item amongst the following

      (a) Computer mouse (b) Touch pad

      (c) Light pen                 (d) Printer

      (e) All of these

  Ans : D

  
  

  16. Which utility software can combine object modules from multiple files?

      (a) Interpreter        (b) Loader

      (c) Compile                (d) Linked

      (e) None of these

  Ans : D

  
  

  17. The most economical way to process data is

      (a) Batch processing

      (b) Transaction processing

      (c) Distributed processing

      (d) Real time processing

      (e) None of the above

  Ans : A

  
  

  18. Which of the following is used for integrity?

      (a) DES              (b) Diffie-Hellman

      (c) SED             (d) AES

      (e) MD5

  Ans : E

  
  

  19......... are devised used to transmit data over telecommunications lines.

      (a) Drives (b) Drive bays

      (c) Modems (d) Platforms

      (e) None of these

  Ans : C

  
  

  20. Which option allows you to set a password to the company name, when creating a company?

      (a) Use password control

      (b) Use system control

      (c) Use security control

      (d) Any of these

      (e) None of these

  Ans : C

  
  

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• Quiz : Quant(DI) For RRB(Gramin Bank)

  Directions (1-5) : Study the pie- chart given below and answer the question.
  

  
  

  1. If the miscellaneous charges are Rs.6000, the advertisement charges are

      (a) Rs.90,000 (b) Rs.13333

      (c) Rs.27,000 (d) Rs.12,000  

  Answer: (c)

  Explanation:

  
  

  2. If the cost of printing is Rs.17,500, the royalty is

      (a) Rs.8750 (b) Rs.7500

      (c) Rs.3150 (d) Rs.6300

  Answer: (b)

  Explanation:

  
  

  
  

  3. The central angle of the cost of printing is more than that of advertisement charges by

      (a) 72 (b) 61.2

      (c) 60 (d) 54.8

  Answer: (b)

  Explanation:

  Center angle of cost of printing =360×35% =126 and central angle of cost advertisement =360 ×18% =64.8

   Required difference =126 – 64.8 = 61.2

  Quicker Approach

  360 ×(35 - 18) =360 ×17% =61.2

  
  

  4. What should be the central angle of the sector for the cost of the paper?

      (a) 22.5 (b) 16

      (c) 54.8 (d) 36

  Answer: (d)

  Explanation:

  
  

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• Bank Name, Chairman and It's slogan

  Dear Readers,
  
  We are going to provide Current private and government Bank's Chairman, Head office and slogan. This is the important section for the candidate who is preparing for Banking, SSC and all competitive exam. please have a look of list of Bank Name, Chairman and It's slogan. Click Here to Download
  
  
  

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• Reserve Bank of India (RBI) allows banks to shift, merge or close branches in urban areas

  Reserve Bank of India (RBI) has permitted banks to shift, merge or close branches in urban areas only except rural area, at their self determination. In Mumbai yesterday notification issued, RBI said the move will allow banks greater operational freedom. The central bank said that customers of the branch should be informed well in time before actual shifting, merger or closure of the office.
  
  
  
  The banks should ensure that they continue to fulfill the role entrusted to these branches under the government sponsored programmes and Direct Benefit Transfer Schemes. RBI further said that shifting, merger, or closure of any rural branch as well as a sole semi urban branch would require approval of the District Consultative Committee or District Level Review Committee.
  
  However, banking activity, that is deposit or loan business should not be maintained at both places, and the new location for part shifting would have to be within 1 km of the existing location.
  
  RBI has further allowed banks to shift some activities of a branch in any centre due to space or rent constraints without seeking prior approval of RBI
  

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• Sports: Cups and Trophies

  Dear Reader,
  
   Today we are providing you list of Cups And Trophies met in Sports, it's one of the most important sections of Banking Exams. Technique to remember and list in one place.
  
   Click Here to Download List
  

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• Quiz: GK(General Awareness)Updates

  1.Which Country will host the 8th BRICS summit in 2016?
  A) India                         B) UK
  C) Russia                     D) China
  Ans:  Russia
  
  2.Rashtriya Aviskar Abhiyan (RAA) has been launched by whom Indian president in New Delhi?
  A) APJ Abdul Kalam             B) Zakir Hussain
  C) Pranab Mukherjee            D) Jawahar Lal Nehru
  Ans:  APJ Abdul Kalam
  
  3.Who won a sixth women's Wimbledon Title 2015?
  A) Victoria Azerenka           B) Garbine Muguruza
  C) Serena Williams               D) Maria sharapova
  Ans:  Serena Williams
  
  4.Who won the Men's single title of the Wimbledon tennis tournament 2015?
  A) Novak Djokovic              B) Roger Federer
  C) Rafael Nadal                  D) Stan Wawrinka
  Ans: Novak Djokovic
  
  5.In the following company which has been won the Golden Peacock Environment Management Award 2015?   
  A) SAIL                       B) TCS
  C) Wipro                      D) Tata Steel
  Ans: Tata Steel
  
  6.In which year Dr. A. P. J. Abdul Kalam adorned with Bharat Ratna for erudite and embellished scientists of India?
  A)1997                        B)1998
  C)1988                        D)1987
  Ans: 1997
  
  7. Abdul Kalam was the 11th President of India from which year ?
  A)2000 to 2005                B) 2002 to 2007
  C) 2001 to 2006               D) 2003 to 2008
  Ans: 2002 to 2007
  
  
  

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• Quiz : Close Set For RBI PO

  Directions (1-10):  In the following passage, there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blanks appropriately. Find out the appropriate word in each case.
  
  Mankind has seen rapid ...(1)...in the last 150 years because of the mass manufacturing techniques...(2)...in Western nations and latter taken to new levels of efficiency by Japan. Mass production and production for the masses became the bases of new business strategies. Large-scale consumption by all with the social benefit of ....(3)....poverty, because the dominant economic strategy. The advent of electricity and its large-scale application to lighting, heating and operating machines added a fresh dimension to manufacturing. By the 1950s came....(4).... in electronic and transistor devices to be followed by innovations in Micronics and transistor device to be followed by innovations in microelectronics, computers and various forms of sensor all which ....(5)... altered the manufacturing scene. It is now no longer necessary to make prototypes in a factory or a laboratory to study a new product. Many new products can be ...(6).... on computers and their behavior simulated on them. By choosing an optimum design through such simulated, computer programmes can directly .....(7)..... the manufacturing process. These processes are generally called Computer Aided Design (CAD) and Computer Assisted Manufacturing (CAM). These capabilities are leading to newer forms of ....(8).... by customers. Each customer can be offered several special options. Customized product design or ....(9)... manufacturing are other popular technique currently in ....(10).... in many developed countries.
  
  1.   
  (a) havoc   
  (b) transformation
  (c) destruction       
  (d) violence
  (e) deforestation
  
  2.   
  (a) discarded
  (b) resorted
  (c) indulged       
  (d) perfected
  (e) designated
  
  3.   
  (a) removing
  (b) nurturing
  (c) appeasing   
  (d) cajoling
  (e) mastering
  
  4.   
  (a) addition
  (b) gadgets
  (c) modifications
  (d) variety
  (e) inventions
  
  5.   
  (a) Immediately
  (b) precisely
  (c) irreversibly   
  (d) indefinitely
  (e) measurably
  
  6.
  (a) designed
  (b) produced
  (c) manufactured
  (d) sold
  (e) purchased
  
  7.   
  (a) inspire   
  (b) cultivate
  (c) visualise   
  (d) drive
  (e) curtail
  
  8.   
  (a) uses
  (b) demands
  (c) advertisements
  (d) consumption
  (e) goods
     
  9.   
  (a) visible   
  (b) secure
  (c) fundamental
  (d) overt
  (e) flexible
  
  10.   
  (a) view
  (b) wing
  (c) vogue
  (d) isolation
  (e) order
  
  
  Answer:
  
  

  Q.	Answer
  1	B
  2	D
  3	A
  4	E
  5	C
  6	A
  7	D
  8	B
  9	E
  10	C

   

  
  
  

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• Quiz: Computer Knowledge for Banking and SSC

  1. .....is computer software designed to operate the computer hardware and to provide platform for running application software.
      (a)    Application software
      (b)    System software
      (c)    Software
      (d)    Operating system
      (e)    None of these
  
  2. The ........ is the amount of data that a storage device can move from the storage medium to the computer per second.
      (a)    Data migration rate
      (b) Data digitizing rate
      (c)    Data transfer rate
      (d)    Data access rate
      (e)    None of these
  
  3. A device, which is not connected to CPU, is called as......
      (a)    Land-line device
      (b)    On-line device
      (c)    Off-line device
      (d)    Device
      (e)    None of these
  
  4. What is the other name for programmed chip?
     (a)    RAM
     (b)    ROM
     (c)    LSIC
     (d)    PROM
     (e)    None of these
  
  5. On-line real time systems becomes popular in .....generation
      (a)    First Generation
      (b)    Second generation
      (c)    Third generation
      (d)    Fourth generation
      (e)    None of these
  
  6. ......is the ability of a device to “jump” directly to the requested data.
      (a)    Sequential access
      (b)    Random access
      (c)    Quick access
      (d)    All of these
      (e)    None of these
  
  7. The task of performing operations like arithmetic and logical operations is called .........
      (a)    Processing
      (b)    Storing
      (c)    Editing
      (d)    Sorting
      (e)    None of these
  
  8. The ALU and control unit jointly known as
      (a)    RAM   
      (b)    ROM
      (c)    CPU
      (d)    PC
      (e)    None of these
  
  9. RAM is an example of
      (a)    Secondary memory
      (b)    Primary memory
      (c)    Main memory
      (d)    Both (a) and (b)
      (e)    None of these
  
  10. Magnetic disk is an example of
      (a)    Secondary memory
      (b)    Primary memory
      (c)    Main memory
      (d)    Both (a) and (b)
      (e)    None of these
  
  
  
  Answer :
  
  Q.    Ans.
  1       b
  2       c
  3       c
  4       b
  5       c
  6       b
  7       a
  8       c
  9       b
  10     a
  

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• Quiz : Computer Knowledge For Banking

  1. 1. Editing a document consists of reading through the document you ‘ve created, then
     (a) correcting your error                    (b) printing it
     (c) saving it                                   (d) deleting it
     (e) None of these

  2. The Internet allows you to
     (a) send electronic mail                    (b) view web pages
     (c) connect to servers all around the world
     (d) All of these                               (e) None of these

  3. 3. What type of device is a computer printer?
     (a) Input                                      (b) input/output
     (c) Software                                  (d) Storage
     (e) output

  4. What is the biggest number you can get with 8 bits?
     (a) 256       (b) 128        (c) 1000         (d) 255        (e) 1024

  5. The disks store information in
     (a) tables                                   (b) rows and columns
     (c) Blocks                                   (d) tracks and sectors
     (e) All of these

  6. 6. Which file(s) can be executed without mentioning its extension name?
     (a) .exe          (b) .bat               (c) .com              (d) .app
     (e) All of these

  7. In order to create column data in Word you need to
     (a) tab consecutively until your cursor reaches the desired place
     (b) set tabs or use the Table menu
     (c) use Excel
     (d) Press the space bar until your cursor reaches the desired place
     (e) None of these

  8. When the computer is switched on, the booting process performs the,
     (a) Integrity Test                            (b) Power-On Self -Test
     (c) Correct Functioning Test               (d) Reliability Test
     (e) Shut-Down

  9. Specialized programs that assist users in locating information on the Web are called
     (a) information engines                     (b) locator engines
     (c) web browsers                             (d) resource locators
     (e) search engines

  10. Compiling creates a(n)
      (a) error-free program                       (b) program specification
      (c) subroutine                                  (d) algorithm
      (e) executable program

  Q.       Ans.
  1         a
  2         d
  3         e
  4         d
  5         d
  6         e
  7         b
  8         b
  9         e
  10       e

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• Quiz : Common Error for PO

  Direction(1-5) : Read each sentence to find out whether there is any grammatically or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is ‘No error’, the answer is (5). (Ignore error od punctuation, if any).

  1.     (1) The concept of creative society  refers to /(2) the phase of development of a society/ (3) in which large number of potential contradiction /(4) become articulate and active. /(5) No error
  2.     (1) The rapidly expanding human population /(2) have greatly modified the earth’s ecosystem /(3) to meet their increased requirements /(4) of some of the goods and services./(5) No error
  3.     (1) the great Acharyas have said that everything discovered /(2) has a great goal; surrender yourself to that goal /(3) and act towards it by drawing inspiration from that goal /(4) where you will get a new column of energy./ (5) No error
  4.     (1) The precious decade has reversed the presumptions /(2) about development; and more than anything else, /(3) it has made it difficult to decide /(4) what is in store room during the next decade. / (5) No error
  5.     (1) On hearing the news of the massacre of Jallianwala Bagh, /(2) Udham Singh did not attend his school /(3) but took a train to Amritsar /(4) and visited the spot. / (5) No error

   

  Q.      Ans.
  1         3
  2         2
  3         4
  4         4
  5         1

  Explanation :

  1. Ans. 3;                Insert ‘a’ before ‘large number’
  2. Ans. 2;                Replace ‘have’ with ‘has’
  3. Ans. 4;                Replace ‘where’ with ‘whereby’
  4. Ans. 4;                Delete ‘room’
  5. Ans. 1;                Replace ‘of’ with ‘at’

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