Banking Awareness Quiz Set 29

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

2. Which of the followings can be used for Current Account Deficit financing?

A. FII only

B. FDI only

C. ECB only

D. Both FII and FDI only

E. All FII, FDI and ECB

3. 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

4. Bureau of Indian Standards (BIS) has its headquarters in

A. Mumbai

B. Kolkata

C. Bhubaneswar

D. New Delhi

E. None of these

5. What is ‘STT’?

A. Standard Transaction Tax

B. Securities transaction tax

C. Securities transfer tax

D. Standard transfer tax

E. None of these

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

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

8. Banking sector comes under which sector?

A. Services sector

B. Manufacturing sector

C. Realty sector

D. Industrial sector

E. None of these

9. 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

10. 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

11. Which of the following is not a credit rating agency?

A. WADA

B. Fitch

C. CRISIL

D. Moody

E. S & P

12. Which of the following scheme is related to Financial Inclusion?

A. AADHAR

B. AAY

C. Swabhiman

D. Swavalamban

E. All of the above

13. What is MZM in the money market?

A. Money with highest return

B. Money with zero maturity

C. Money with sovereign guarantee

D. Monetary base or total currency

14. 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

15. Who used to be the chairman of the Board for Financial Supervision (BFS) in RBI?

A. RBI deputy governor

B. RBI governor

C. RBI chief general manager

D. Finance Minister

16. The Tier-1 capital of banks does not include

A. Paid-up capital

B. Revaluation reserves

C. Statutory reserves

D. Investment fluctuation reserves

17. Where is National Institute of Bank Management (NIBM) located?

A. Nasik

B. Mumbai

C. Pune

D. New Delhi

18. Which of the following is a fully-owned subsidiary of RBI?

A. NHB

B. DICGC

C. BRBNMPL

D. All of the above

19. 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

20. 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

21. Which of the following deposits cannot be withdrawn for a preset fixed period of time?

A. Current

B. Term

C. Saving

D. Recurring

E. None Of these

22. Which of the following is an example of world-wide financial messaging network?

A. NEFT

B. CHIPS

C. SFMS

D. SWIFT

23. 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.

24. For issuing notes, RBI is required to hold the minimum reserves of ______ crores Rs. in Gold.

A. 85

B. 125

C. 115

D. 100

25. Which of the following is not a money market instrument?

A. T-Bills

B. Commercial paper

C. Certificate of deposits

D. Mutual funds

E. All of the above

26. 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

27. When a customer deposits a sum with deposits a sum with bank, the bank becomes his _______.

A. Creditor

B. Debtors

C. Trustee

D. Convener

E. None of these

28. 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%

29. Which of the following is related to the banking industry?

A. CAPART

B. PURA

C. CMOS

D. LIEN

30. Commercial banks money is divided into M1-M3, whereas central bank money is known as

A. MBZ

B. MBM

C. MB

D. MCB

Banking Awareness Quiz Set 29

Banking Awareness Quiz Set 29

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