Ethiopian GK Questions and Answers 2024-2025 Pdf

Ethiopia GK Questions and Answers Pdf

April 11, 2024, By Meritnotes

Question 1 :

In International banking system, what does the TIBOR stands for?

(a) Tokyo Interbank Offered Rate

(b) Taiwan Interbank Offered Rate

(c) Tongling Interbank Offered Rate

(d) Thailand Interbank Offered Rate

Answer: A

Tokyo Interbank Offered Rate

Question 2 :

In India Report on Currency and Finance is the annual publication of

(a) RBI

(b) SEBI

(c) Finance Ministry

(d) Finance Commission

Answer: A

RBI

Question 3 :

Which of the following is a primary function of banks?

(a) Accepting deposits

(b) Acting as trustee and executors of the property of their customers on their advice

(c) Buying, selling and keeping in safe custody, the securities on behalf of their customers

(d) Collection and payment of cheques, rent, interest etc on behalf of their customerss

Answer: A

Accepting deposits

Question 4 :

Which of the following is true about Cooperative Banks?

(a) All are scheduled banks

(b) They have profit as their main motive

(c) They are established under the Co-operative Societies Act

(d) All of the above

Answer: C

They are established under the Co-operative Societies Act

Question 5 :

Which of the following is not the part of the scheduled banking structure in India?

(a) State co-operative banks

(b) Private sector banks

(c) Money lenders

(d) Public sector banks

Answer: C

Money lenders

Question 6 :

An institution which accepts deposits, makes business loans and offers related services is called

(a) Commercial bank

(b) Central bank

(c) Investment bank

(d) Saving bank

Answer: A

Commercial bank

Question 7 :

When was the second phase of nationalization done?

(a) 9^th July, 1969

(b) 10^th July, 1968

(c) 16^th August, 1985

(d) 15^th April, 1980

Answer: D

15^th April, 1980

Question 8 :

Which financial institution established by IBRD American Mission, in 1955?

(a) IDBI

(b) ICICI

(c) SBI

(d) RRB

Answer: B

ICICI

Question 9 :

The UTI was established in

(a) 1956

(b) 1964

(c) 1972

(d) 1976

Answer: B

1964

Question 10 :

Which one of the following banks can be included in the Scheduled Commercial Banking System of India?

(a) Regional Rural Banks

(b) Private Sector Banks

(c) Foreign Banks in India

(d) All of the above

Answer: D

All of the above

Question 11 :

ICICI provides financial assistance to

(a) Small sale industries

(b) Large scale industries

(c) Medium scale industries

(d) All of the above

Answer: B

Large scale industries

Question 12 :

The merchant banking activity in India is governed by

(a) SEBI

(b) RBI

(c) IRDA

(d) All of these

Answer: A

SEBI

Question 13 :

The financial assistance of loans of Rs.10000 by a bank to very a small borrower will be called

(a) Micro finance

(b) Small finance

(c) Government finance

(d) Business finance

Answer: A

Micro finance

Question 14 :

NABARD provides refinance to

(a) Regional rural banks

(b) Co-operative banks

(c) Scheduled commercial banks

(d) All of the above

Answer: D

All of the above

Question 15 :

Which of the following is an easy way of providing credit to the farmer community?

(a) Loan against gold

(b) National Saving Certificates

(c) Indira Vikas Patra

(d) Kisan Credit Card

Answer: D

Kisan Credit Card

Question 16 :

Financial inclusion means provision of

(a) Education at affordable cost to persons not yet given the same

(b) Financial services, namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same

(c) Ration at affordable cost to persons not yet given the same

(d) House at affordable cost to persons not yet given the same

Answer: B

Financial services, namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same

Question 17 :

NEFT means

(a) National Electronic Funds Transfer system

(b) Negotiated Efficient Fund Transfer system

(c) National Efficient Fund Transfer Solution

(d) Negotiated Electronic Foreign Transfer System

Answer: A

National Electronic Funds Transfer system

Question 18 :

RTGS stands for

(a) Real Time Gross Settlements

(b) Reduced Time Gross Settlements

(c) Relative Time Gross Settlements

(d) Real Total Gross Securities

Answer: A

Real Time Gross Settlements

Question 19 :

The term Smart Money refers to

(a) Internet Banking

(b) Foreign Currency

(c) Credit cards

(d) US Dollars

Answer: C

Credit cards

Question 20 :

Where is the Headquarters of World Trade Organisation?

(a) Rome

(b) Geneva

(c) New York

(d) New Delhi

Answer: B

Geneva