BANKING QUIZ

1. Who among the following is the head of the committee, which is recently set up to suggest measures for cost-cutting and optional utilization of assets of Air India?(1) Suresh Malhotra(2) Ravindra H. Dholakia(3) Nagendra Kumar(4) Vijay Sinha(5) None of these

Answer

(2) Ravindra H. Dholakia

2. Who is the head of the committee appointed for Capital Account Convertibility in Banks?(1) M.B. Shah(2) Mukul Mudgal(3) M. Damodaran(4) S.S. Tarapore(5) None of these

Answer

(4) S.S. Tarapore

3. Who among the following is the head of the three member committee of jurists, constituted to give recommendations on amending laws to provide speedier justice and enhanced punishment in sexual assault cases?(1) Leila Seth(2) J.S. Verma(3) Gopal Subramaniam(4) S.P. Barucha(5) None of these

Answer

(2) J.S. Verma

4. Which among the following committee is working on the revision of the Whole sale Price Index?(1) Saumitra Chaudhuri committee(2) Mihir Shah committee(3) Narendra Jadhav committee

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(4) Syeda Hameed committee(5) None of these

Answer

(1) Saumitra Chaudhuri committee

5. The Concept of ‘Universal Banking’ was implemented in India on the recommendations of:(1) Abid Hussai Committee(2) R H Khan Committee(3) S Padmanabhan Committee(4) YH Malegam Committee(5) None of these

Answer

(2) R H Khan Committee

6. Which among the following committee has looked inot the maladies affecting the proper functioning of the public distribution systems (PDS) in India?(1) Suresh Tendulkar Committee(2) Kaushik Basu Committee(3) Wadhwa Committee(4) Rangarajan Committee(5) None of these

Answer

(3) Wadhwa Committee

7. Who among the following is the head of the one-man inquire committee appointed by the government to inquire into reports on the US lobbying activities of Wal-Mart for access to India market?(1) V.N. Khare(2) Y.K. Sabharwal(3) Mukul Mudgal(4) R.C. Lahoti(5) None of these

Answer

(1) V.N. Khare

8. The foundation for induction of computer technology in the Indian banking system was laid with the recommendations of which of the following committees?

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(1) Abid Hussain Committee(2) Deepak Parekh Committee(3) Rangarajan Committee(4) Narsimham Committee(5) Tarapore Committee

Answer

(3) Rangarajan Committee

9. Which among the following committee has suggested a common national; examination with weight age to the State Board results normalized on the basis of percentile formula for admission to engineering institutions?(1) Suresh Tandon Committee(2) T. Ramasami Committee(3) Rajendra Kumar Committee(4) Dharam Paul Committee(5) M. Damodran Committee

Answer

(2) T. Ramasami Committee

10. Which among the following committee is related with the issues and concerns in the Non-banking financial Companies (NBFCs) sector?(1) Ragu Ram Committee(2) Usha Thorat Comiittee(3) Shome Committee(4) Tarapore Committee(5) None of these

Answer

(2) Usha Thorat Comiittee

11. In the context of the 12th five year plan, Planning Commission has set up committee to recommend detail mythology for identification of BPL families in Urban areas?(1) R.Puri Committee(2) Tendulkar Committee(3) S.R. Hashim Committee(4) Chaturvedi Committee(5) None of these

Answer

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(3) S.R. Hashim Committee

12. Who among the following is the head of the expert committee on Streamlining Short-term Co-operative Structure in India?(1) MB Shah Committee(2) P Kotaiah(3) Prakash Bakshi(4) R K Singh(5) None of these

Answer

(3) Prakash Bakshi

13. Who among the following heads the RBI Working group on boosting Export Finance?(1) Govind Kumar Menon(2) Mukul Mudgal(3) Gopal Kundu(4) G Padmanabhan(5) None of these

Answer

(4) G Padmanabhan

14. Who among the following is appointed by the Prime Minister Manmohan Singh as the Chairman of the committee on General Anti Avoidance Rules (GAAR)?(1) Ravindra H. Dholakia(2) Suresh Malhotra(3) D.K. Jain(4) Parthasarathi Shome(5) None of these

Answer

(4) Parthasarathi Shome

15. Who among the following is the head of the committee formed by SEBI to frame a single set of guidelines for all types of foreign investors?(1) Prabhat Kumar(2) T.R. Prasad(3) K.M. Chandrashekhar(4) Kamal Pande(5) None of these

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Answer

(3) K.M. Chandrashekhar

1. What does ‘Kite Flying’ refers to in the banking terminology?(A) The practice of depositing and withdrawing frequently in a bank account.(B) Opening of multiple accounts with different names by any individual(C) Doing unauthorised business(D) Permitting drawls against uncleared cheques(E) None of these

Answer

(D) Permitting drawls against uncleared cheques

2. Under which of the following type of account is a specified amount deposited every month for a specified period, says, 12, 24, 36 and 60 months?(a) Fixed Deposit Account(b) Saving Bank Account(c) Current account(d) Recurring Account

Answer

(d) Recurring Account

3. RBI was established on ___________.(a) April 1, 1925(b) April 1, 1935(c) April 1, 1945(d) April 1, 1955

Answer

(b) April 1, 1935

4. Under which act does RBI issue directives to banks?(a) PMLA Act, 2002(b) RBI Act, 1934(c) DICGC Act, 1961(d) Banking Regulation Act, 1949

Answer

(d) Banking Regulation Act, 1949

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5. When the Reserve Bank of India (RBI) is the lender of last resort, what does it mean?(a) RBI advances money to public whenever there is any emergency(b) Commercial banks give fund to the RBI(c) RBI advances necessary credit against eligible securities(d) All of the above(e) None of the above

Answer

(c) RBI advances necessary credit against eligiblesecurities

6. Which of the following conditions must be fulfilled before a bank is included in the Second Schedule to the Reserve Bank of India Act?(a) It must be a State co-operative bank or a company as defined in the Companies Act, 1956 or an institution notified by the Central Government in this behalf or a corporation or a company incorporated by or under any law in force in any place outside In(b) It must satisfy the Reserve Bank of India that its affairs are not being conducted in a manner detrimental to the interests of the depositors(c) It must have a paid-up capital and reserves of an aggregate value of not less than Rs. 5 lakh(d) Only (a)(e) All of the above

Answer

(e) All of the above

7. What is macro-economics?(a) macro economics deals with economic activities of the level of an economy as a whole(b) it deals with only a segment of an economy(c) it deals with both 1 and 2(d) none of these

Answer

(a) macro economics deals with economic activities of the level of an economy as a whole

8. Which of the following banks was first to establish merchant banking business in India?(a) ABN Amro Bank(b) Citibank(c) HDFC Bank

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(d) Standard chartered(e) Grindlays Bank

Answer

(e) Grindlays Bank

9. Free Trade Refers to(a) Free movement of Goods from one country to other.(b) Movement of Goods from one Country to another free of cost.(c) Unrestricted exchange of Goods and Services.(d) Tool free of Duty

Answer

(c) Unrestricted exchange of Goods and Services.

10. ‘Swabhiman’, the financial inclusion scheme, comes under the purview of which ministry?(a) Ministry of Commerce(b) Ministry of Home Affairs(c) Ministry of Finance(d) Ministry of External Affairs

Answer

(c) Ministry of Finance

1. Which of the following is not a credit rating agency?(a) WADA(b) Fitch(c) CRISIL(d) Moody(e) S & P

Answer

(a) WADA

2. Who used to be the chairman of the Board for Financial Supervision (BFS) in RBI?(a) RBI dupty governor(b) RBI governor(c) RBI chief general manager(d) Finance Minister(e) None of these

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Answer

(b) RBI governor

3. Which of the following scheme is related to Financial Inclusion?(a) AADHAR(b) AAY(c) Swabhiman(d) Swavalamban(e) All of the above

Answer

(c) Swabhiman

4. What is MZM in money market?(a) Money with highest return(b) Money with zero maturity(c) Money with sovereign guarantee(d) Monetary base or total currency(e) None of these

Answer

(b) Money with zero maturity

5. Among M1, M2, and M3 (Different criteria of money), which is used to forecast inflation data of a country? However it is not used by Indian economy.(a) M3(b) M1(c) M2(d) All of the above(e) None of the above

Answer

(c) M2

6. The Tier-1 capital of banks does not include(a) Paid-up capital(b) Revaluation reserves(c) Statutory reserves(d) Investment fluctuation reserves(e) None of these

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(b) Revaluation reserves

7. When was the Board for Financial Supervision (BFS) constituted, which undertakes integrated supervision of different sectors of the financial system?(a) 1991(b) 1992(c) 1993(d) 1994(e) None of these

Answer

(d) 1994

8. Where is National Institute of Bank Management (NIBM) located?(a) Nasik(b) Mumbai(c) Pune(d) New Delhi(e) None of these

Answer

(c) Pune

9. Which of the following is a fully-owned subsidiary of RBI?(a) NHB(b) DICGC(c) BRBNMPL(d) All of the above(e) Only (a) and (b)

Answer

(d) All of the above

10. Expand DICGC.(a) Deposit insurance and credit guarantee corporation(b) Deposit investment and credit guarantee corporation(c) Deposit investment and credit governing corporation(d) Deposit insurance and credit governing corporation(e) None of these

Answer

(a) Deposit insurance and credit guarantee corporation 9 | P a g e

1. Which of the following deposits cannot be withdrawn for a preset fixed period of time?(a) Current(b) Term(c) Saving(d) Recurring

Answer

(e) None pf these

2. Which of the following is an example of world-wide financial messaging network?(a) NEFT(b) CHIPS(c) SFMS(d) SWIFT(e) None of these

Answer

(d) SWIFT

3. Which of the following techniques, Indian currency notes do not use?(a) Security threads(b) Optically variable ink(c) Micro lettering(d) Intaglio printing(e) All of the above are used.

Answer

(e) All of the above are used.

4. For issuing notes, RBI is required to hold the minimum reserves of ______ crores Rs. in Gold.(a) 85(b) 125(c) 115(d) 100(e) None of these

Answer

(c) 115

5. Which of the following is not a money market instrument?(a) T-Bills

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(b) Commercial paper(c) Certificate of deposits(d) Mutual funds(e) All of the above

Answer

(d) Mutual funds

6. Which of the following is not a credit rating agency?(a) CRISIL(b) Moody(c) S & P(d) Fitch(e) All of the above are credit rating agency

Answer

(e) All of the above are credit rating agency

7. When a customer deposits a sum with bank, the bank becomes his _______.(a) Creditor(b) Debtors(c) Trustee(d) Convener(e) None of these

Answer

(b) Debtors

8. Agriculture sector contributes ______% in GDP.( Approx)(a) Below 1%(b) Above 50% but below 70%(c) Below 10% but more than 5%(d) Near about 20%(e) None of these

Answer

(d) Near about 20%

9. Which of the following is related to banking industry?(a) CAPART(b) PURA(c) CMOS

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(d) LIEN(e) All of the above

Answer

(d) LIEN

10. Commercial banks money is divided into M1-M3, whereas central bank money is known as(a) MBZ(b) MBM(c) MB(d) MCB(e) None of these

Answer

(c) MB

1. Which of the following can be called as ‘National Income’?(a) Net National Income at factor cost(b) Gross National Income at factor cost(c) Net Domestic Product at factor cost(d) Gross Domestic Product at factor cost(e) None of these

Answer

(a) Net National Income at factor cost

2. What is ‘STT’?(a) Standard Transaction Tax(b) Securities transaction tax(c) Securities transfer tax(d) Standard transfer tax(e) None of these

Answer

(b) Securities transaction tax

3. Which of the followings can be used for Current Account Deficit financing?(a) FII only(b) FDI only(c) ECB only

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(d) Both FII and FDI only(e) All FII, FDI and ECB

Answer

(e) All FII, FDI and ECB

4. Expand FIPP –(a) Foreign Investment Promotion Brochure(b) Foreign Investment Production Board(c) Foreign Investment Promotion Board(d) Foreign Direct Investment Promotion Board(e) None of these

Answer

(c) Foreign Investment Promotion Board

5. Bureau of Indian Standards (BIS) has its headquarters in(a) Mumbai(b) Kolkata(c) Bhubaneswar(d) New Delhi(e) None of these

Answer

(d) New Delhi

6. Who regulates chit funds in India?(a) Government of India(b) State Governments(c) Not regulated at all(d) Concerned Districts(e) None of these

Answer

(b) State Governments

7. If the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank’s credit situation?(a) It will be reduced(b) It will be increased(c) It will remain unaffected(d) None of these

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Answer

(a) It will be reduced

8. You might have heard about PMI data. What is PMI?(a) Prudential Managers Index(b) Purchasing Managers Indian(c) Purchasing Managers Index(d) Prudential Managers Indian(e) None of these

Answer

(c) Purchasing Managers Index

9. Banking sector comes under which sector?(a) Services sector(b) Manufacturing sector(c) Realty sector(d) Industrial sector(e) None of these

Answer

(a) Services sector

10. Which of the following agreement/accord is related to baking reforms?(a) Vienna agreement(b) Basel accord(c) Nagoya Protocol(d) Cartagena Protocol(e) None of these

Answer

(b) Basel accord

1. If the RBI wants to infuse credit in Banking system in our country, which of the followings can be done?(a) Decreasing CRR(b) Decreasing SLR(c) Both (a) and (b)(d) None of the above

Answer

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(c) Both (a) and (b)

2. Buying and selling of eligible securities by RBI in the money market can be termed as(a) Open Economy Operations(b) Open Market Operations(c) Credit Control Measures(d) Credit Creation Measures(e) None of these

Answer

(b) Open Market Operations

3. Which agency in India provides refinance of export credit?(a) SIDBI(b) NABARD(c) RBI(d) EXIM Bank(e) Government of India

Answer

(d) EXIM Bank

4. When the Government of India cannot raise enough financial resources through taxation, it finances its expenditure through various means like borrowing from market, running down its balances with RBI etc. This can be exactly called as(a) Fiscal Deficit Financing(b) Deficit Financing(c) Capital Infusion(d) Restructuring(e) None of these

Answer

(b) Deficit Financing

5. Expand MAT related to tax?(a) Minimum Additional Tax(b) Maximum Alternative Tax(c) Maximum Additional Tax(d) Minimum Alternative Tax(e) None of these

Answer

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(d) Minimum Alternative Tax

6. Expand FRBM.(a) Financial Responsibility and Budget Management(b) Fiscal Responsibility and Budget Maintenance(c) Fiscal Responsibility and Budget Management(d) Fiscal Risk and Budget Management(e) None of these

Answer

(c) Fiscal Responsibility and Budget Management

7. Deficit financing can (these are also demerits of it)(a) Cause inflation(b) Bring rise in fiscal deficit(c) Bring rise in credit creation in banks(d) All above(e) None of the above

Answer

(d) All above

8. If the rupees depreciate, what is the effect on the exporters?(a) They are unaffected(b) They are in loss(c) They are in profit(d) They get credit crunch(e) None of these

Answer

(c) They are in profit

9. What is Reserve Money (RM)?(a) Currency in circulation with the public(b) Deposits of some people with RBI(c) Cash reserves of the banks(d) Total of the above three options(e) None of the above

Answer

(d) Total of the above three options

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10. What is the objective of introduction of ‘Marginal Standing Facility’ by RBI?(a) To contain volatility in the overnight inter-bank rates(b) To contain volatility in MIBOR(c) To contain volatility in LIBOR(d)To match with standard Tier 1 capital Ratio(e) None of these

Answer

(a) To contain volatility in the overnight inter-bank rates

1. The tax payers data flows directly from banks to Tax Information Network (TIN). Who maintains TIN?(a) RBI(b) National Securities Depository Ltd.(c) National Securities Defense Ltd.(d) Enforcement Directorate(e) None of these

Answer

(b) National Securities Depository Ltd.

2. What is the meaning of ‘I promise to pay’ clause written on notes?(a) The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.(b) The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.(c) This obligation is neither due to a contract nor a statutory provision.(d) It means that to pay you the value, there is sovereign guaranty.(e) None of these.

Answer

(a) The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.

3. RBI issued its first banknote in Jan 1938 bearing the portrait of George IV. What was its denomination?(a) Rs. 5(b) Rs. 10(c) Rs. 1(d) Rs. 2(e) None of these

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Answer

(a) Rs. 5

4. Expand CIN with respect to OLTAS.(a) Challan Identification Number(b) Challan Identification Notary(c) Channel Identification Number(d) Challan Inventory Number(e) None of these

Answer

(a) Challan Identification Number

5. When were banknotes in the Mahatma Gandhi Series introduced?(a) 1991(b) 1995(c) 1996(d) 2000(e) None of these

Answer

(c) 1996

6. Banknotes can be issued in any denominations but coins can be issued up to what denomination?(a) Rs. 5000(b) Rs. 1000(c) Rs. 500(d) Rs. 100(e) None of these

Answer

(b) Rs. 1000

7. Consider these statements:-Statement I – One rupee note is the liability of GOI.Statement II – Two rupee note is the liability of RBI.(a) Both statements are true.(b) Both are false.(c) Statement I is true, whereas II is false.

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(d) Statement I is false, whereas II is true.(e) None of these.

Answer

(a) Both statements are true.

8. Consider these statements:-Statement I – RBI decides volume and value of banknotes to be printed.Statement II – RBI decides volume and value of coins to be minted.(a) Both are true.(b) Both are false.(c) Statement I is true, but statement II is false.(d) Statement I is false, whereas II is true.(e) None of these.

Answer

(c) Statement I is true, but statement II is false.

9. To enforce law and order Government of India has many agencies. SFIO is one of them. Expand it.(a) Serious Fraud Interrogation Office(b) Serious Fraud Investigation Office(c) Serious Feud Interrogation Office(d) Serious Fraud Interrogation Ordinance(e) None of these.

Answer

(b) Serious Fraud Investigation Office

10. Consider these statements:-Statement I – Other than Rs. 1000 note, the security threads of the banknotes contain the word ‘Bharat’ in Devanagari script and ‘RBI’ alternatively.Statement II – In Rs. 1000 note, the security thread contains the word ‘Bharat’ in Devanagari script, ‘1000’, and ‘RBI”.(a) Both are false.(b) Both are true.(c) Statement I is true but II is false.(d) Statement I is false but II is true.(e) None of these

Answer

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(b) Both are true.

1. Through which of the following sources domestic funds are raised by companies?(a) IPO only(b) FPO only(c) Commercial papers only(d) Both IPO and FPO(e) All IPO, FPO and commercial papers

Answer

(a) IPO only

2. Out of FDI and FII, which is considered more permanent (stable)?(a) FII is considered more stable than FDI.(b) Both are equally stable.(c) Both are equally unstable.(d) FDI is considered more stable than FII.(e) None of these

Answer

(d) FDI is considered more stable than FII.

3. In the time of monetary shortage, RBI can buy commercial bills from the market. By using this method what does RBI provide to the market?(a) It sucks credit from the market.(b) It injects credit into the market.(c) There is no effect on the credit situation in the market.(d) None of these

Answer

(b) It injects credit into the market.

4. Expand LIBOR?(a) London Inter Bank Offered Rate(b) London Inter Bank Official Rate(c) London Inter Bank Offered Ratio(d) London International Bank Offered Rate(e) None of these

Answer

(a) London Inter Bank Offered Rate

5. When was IDBI delinked from the RBI and taken over by Government of India?(a) 1976(b) 1977(c) 1978

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(d) 1980(e) None of these

Answer

(a) 1976

6. If the price rises by not more than 3% per annum, what type of inflation it is?(a) Walking inflation(b) Running inflation(c) Creeping inflation(d) Galloping inflation(e) None of these

Answer

(c) Creeping inflation

7. If the price rises by more than 20% and less than 1000% per annum, what type of inflation it is?(a) Galloping inflation(b) Creeping inflation(c) Stagflation(d) Hyperinflation(e) None of these

Answer

(a) Galloping inflation

8. If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on the credit creation will be to(a) Decrease it(b) No effect(c) Increase it(d) None of these

Answer

(c) Increase it

9. Who was the first Indian Governor of RBI?(a) Yash Pal Singh(b) Hemant Rao(c) CD Deshmukh(d) Jaipal Singh(e) None of these

Answer

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(c) CD Deshmukh

10. Expand CRAR in terms of banking sector.(a) Capital- to- Return Asset Ratio(b) Capital –to-Risk Asset Ratio(c) Capital –to-Risk Asset Range(d) Core Risk Asset Return(e) None of these

Answer

(b) Capital –to-Risk Asset Ratio

1. The ratio of the cash reserves that banks are required to keep with RBI is known as-A. Liquidity RatioB. CRRC. SLRD. Bank rate

Answer

B. CRR

2. What does R stands for in SLR?A. RateB. RatioC. ReserveD. none of the above

Answer

B. Ratio

3. Which of the following is not a fuction at ATMs?A. Account InformationB. Cheque WithdrawalC. Regular bills paymentD. Mini statement

Answer

B. Cheque Withdrawal

4. Which of the following is a capital market instrument?A. Notice moneyB. Treasury-billsC. DebenturesD. Only B & C

Answer

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C. Debentures

5. State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard is called –A. Fiat MoneyB. Commercial Bank MoneyC. Rpresentative MoneyD. Liquid Money

Answer

A. Fiat Money

6. Banking sector comes under which of the following sector?A. Agriculture SectorB. Rural SectorC. Service SectorD. Finance Sector

Answer

C. Service Sector

7. An account in which trading of shares in their electronic form is done is known as-A. NRO AccountB. NRE AccountC. Demat AccountD. RFC Account

Answer

C. Demat Account

8. The maximum compensation by Banking Ombudsman for a complaint is-A. Rs.1lakhB. Rs.2lakhC. Rs.5lakhD. Rs.10lakh

Answer

D. Rs.10lakh

9. The Reserve Bank of India was established on 1935 in accordance with the provision of which of the following Act?A. The Reserve Bank of India Act, 1934B. The Reserve Bank of India Act,1935C. The Reserve Bank of India Act, 1947D. The Reserve Bank of India Act, 1949

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Answer

A. The Reserve Bank of India Act, 1934

10. Which of the following Cheque is not honoured by the bank?A. Stale ChequeB. Crossed ChequeC. Self ChequeD. Open Cheque

Answer

A. Stale Cheque

1. Find the correct order in respect of the following when it comes to issue of shares by a company :A. Authorized capital- Issued Capital- Subscribed Capital-Paid up capitalB. Authorized capital- Subscribed Capital- Issued Capital-Paid up capitalC. Authorized capital- Paid up capital-Subscribed Capital-Issued CapitalD. Authorized capital- Issued Capital- Paid up capital-Subscribed Capital

Answer

A. Authorized capital- Issued Capital- Subscribed Capital-Paid up capital

2. Which of the following appears in the balance sheet of a company?A. Subscribed CapitalB. Authorized CapitalC. Partner’s CapitalD. Paid up Capital

Answer

D. Paid up Capital

3. What do you mean by ‘Money Laundering’?A. Washing the currency notes in a good launderyB. Converting money obtained through illegal sources in to legal moneyC. Keeping the money in currency chestsD. Sending excess cash to other branch

Answer

B. Converting money obtained through illegal sources in to legal money

4. What does M stand for In CAMELS?A. MaintenanceB. ManagementC. MisappropriationD. Money

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Answer

B. Management

5. Which entity became the first-ever public sector undertaking (PSU) to issue bonus debentures as done by it on 26 March 2015?A. SAILB. NTPCLC. OPTCLD. Both  B & C

Answer

B. NTPCL

6. The main foreign exchange reserves in the country are:A. Foreign Currency assetsB. Gold StockC. Special Drawing RightsD. All of the above

Answer

D. All of the above

7. Which of the following banks are not insured by DICGC?A. Commercial bankB. Regional rural bankC. Foreign bank branches functioning in IndiaD. None of the above

Answer

D. None of the above

8. Which of the following are the government bonds which are used to raise funds from money market?A. Treasury billsB. Certificate of depositeC. Commercial PapersD. Dated Goverment securities

Answer

A. Treasury bills

9. What is current Reverse Repo rate?A. 6.50B. 6.25

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C. 6.75D. 7.25

Answer

B. 6.25

10. Find out the mismatch of nationalized bank and its headquarter.A. Bank of India -MumbaiB. Dena bank- HyderabadC. Syndicate bank -ManipalD. United Bank of India- Kolkata

Answer

B. Dena bank- Hyderabad

1. The sheet of record which contains all monetary transaction between an country and the rest of the world is called –A. Balane of tradeB. Balance of PaymentC. Balance sheetD. Export-Import Data

Answer

B. Balance of Payment

2. The inflation led by rising food prices caused by increased demand for agricultural commodities is called –A. HyperinflationB. StagflationC. AgflationD. Deflation

Answer

C. Agflation

3. A money market instrument used most often in India, that represents an obligation between a borrower and lender, which can be traded in the secondary market is called as-A. promissory notesB. DebenturesC. CBLOD. certificate of deposite

Answer

C. CBLO

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4. What does ‘L’ stands for in term CBLO?A. LiquidiltyB. LendingC. LowerD. Licence

Answer

B. Lending  (Collateralized Borrowing & Lending Obligation)

5. Which commitee has been set up to examine the un-claimed amount in PPF, post office and saving schemes?A. H devaraj CommitteeB. H R Khan CommitteeC. GopalKrishna CommitteeD. k V Kamath Panel

Answer

B. H R Khan Committee

6. Financial services at affordable costs to the sections of disadvantaged and low-income group of society is called as-A. Financial InclusionB. Fiancial StabilityC. DeflationD. Good trade

Answer

A. Financial Inclusion

7. Retail banking sector is not not characterized by which of the following?A. Multiple productsB. Multiple Channels of distributionC. Multiple BrandsD. Mutiple consumer groups

Answer

C. Multiple Brands

8. Which of the following type of budgeting being used in India?A. Balanced BudgetB. Zero base BudgetC. Receipts BudgetD. All of the above

Answer

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D. All of the above

9. Find the correct match of finance organization and their headquarters?A. ADB-ManilaB. RBI-New DelhiC. IMF- NewYorkD. IDA- Geneva

Answer

A. ADB-Manila

10. Currency chest, which have stocks of notes and coins are authorized branches of-A. RBIB. Scheduled bankC. SEBID. Foreign Bank with Indian branches.

Answer

B. Scheduled bank

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