# Banking Awareness for Upcoming Exams Set 39

Important Banking Awareness Questions for SBI PO and Upcoming bank exams like NIACL Assistant, IBPS PO, IPPB, RRB PO,etc

1. Which of the following tax will not be subsumed in GST?
A) VAT
B) Capital Gain Tax
C) Central Excise Duty
D) CVD
Option B
Explanation
: Capital Gain tax is a direct tax. Only Indirect tax will be merged in GST
2. The tariff levied on imported goods to offset the subsidies made the government of exporting country is known as?
A) Anti-Dumping Duty
B) Subsidy Charge
C) Countervailing Duty (CVD)
D) Export Tariff Charge
Option C
Explanation
: Countervailing Duty (CVD)
3. What is the base year for Wholesale Price Index (WPI)?
A) 2001-02
B) 2004-05
C) 2008-09
D) 2012-13
Option B
Explanation
: 2004-05
4. What is the base year for Consumer Price Index (CPI)?
A) 2010
B) 2011
C) 2012
D) 2013
Option C
Explanation
: 2012
5. Who issues SDR?
A) Word Bank
B) IMF
D) All of these
Option B
Explanation
: IMF issues SDR- Special Drawing Rights
6. SDR basket comprises of how many currencies?
A) 3
B) 4
C) 5
D) 6
Option C
Explanation
: Five: US Dollar. Japanese Yen, Euro, Pound Sterling, Chinese Renminbi
7. What is the Interest Rate for Ways and Means Advance(WMA)?
A) Equal to Repo Rate
B) Equal to Repo Rate +1%
C) Equal to Repo Rate +2%
D) Equal to Repo Rate +1%
Option A
Explanation
: Interest Rate for Ways and Means Advance(WMA )= Repo Rate
Interest Rate for Overdraft in (WMA) = Repo rate + 2%
8. Which of the following launched the RuPay card?
A) RBI
B) NPCI
C) SBI
D) None of these
Option B
Explanation
: NPCI
9. FOREX is a/an ______
A) Centralised exchange
B) Over the Counter (OTC) market
C) Data Market
D) All of the above
Option B
Explanation
: OTC means that all transactions occur electronically via computer between traders across the world.
10. Which of the following is not a type of derivative?
A) Forwards
B) Futurew
C) Commodity
D) Options
Option C
Explanation
: Types of derivatives: Forwards, Futures, Options, Swaps

## 6 Thoughts to “Banking Awareness for Upcoming Exams Set 39”

1. jaga

@surajskt:disqus sir ..pls explain various tax system…

1. Suraj

Ok. Will tell soon