Banking Awareness Quiz Set 30

1. What does ‘Kite Flying’ refers to in the bankingterminology?

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 unauthorized business

D. Permitting draws against uncleared cheques

2. Under which of the following type of account is aspecified 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

3. 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

4. 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 isany emergency

B. Commercial banks give fund to the RBI

C. RBI advances necessary credit against eligible securities

D. All of the above

5. Which of the following conditions must be fulfilled before a bank is included in the SecondSchedule to the Reserve Bank of India Act?

A. It must be a State co-operative bank or a companyas defined in the Companies Act, 1956 or institution notified by the Central Government in this behalf or a corporation or a the 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 anaggregate value of not less than Rs. 5 lakh

D. Only A.

E. All of the above

6. RBI was established on ___________.

A. April 1, 1925

B. April 1, 1935

C. April 1, 1945

D. April 1, 1955

7. What is macro-economics?

A. macroeconomics 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

8. 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

9. ‘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

10. Which of the following banks was first to establish merchant banking business in India?

A. ABN Amro Bank

B. Citibank

C. HDFC Bank

D. Standard chartered

E. Grindlays Bank

11. 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?

A. Suresh Malhotra

B. Ravindra H. Dholakia

C. Nagendra Kumar

D. Vijay Sinha

12. 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?

A. Leila Seth

B. J.S. Verma

C. Gopal Subramaniam

D. S.P. Barucha

E. None of these

13. Which among the following committee is working on the revision of the Whole sale Price Index?

A. Saumitra Chaudhuri committee

B. Mihir Shah Committee

C. Narendra Jadhav Committee

D. Syeda Hameed committee

E. None of these

14. Who is the head of the committee appointed for Capital Account Convertibility in Banks?

A. M.B. Shah

B. Mukul Mudgal

C. M. Damodaran

D. S.S. Tarapore

E. None of these

15. The Concept of ‘Universal Banking’ was implemented in India on the recommendations of:

A. Abid Hussai Committee

B. R H Khan Committee

C. S Padmanabhan Committee

D. YH Malegam Committee

E. None of these

16. 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?

A. V.N. Khare

B. Y.K. Sabharwal

C. Mukul Mudgal

D. R.C. Lahoti

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

A. Abid Hussain Committee

B. Deepak Parekh Committee

C. Rangarajan Committee

D. Narsimham Committee

E. Tarapore Committee

18. 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?

A. Suresh Tandon Committee

B. T. Ramasami Committee

C. Rajendra Kumar Committee

D. Dharam Paul Committee

E. M. Damodran Committee

19. Which among the following committee has looked inot the maladies affecting the proper functioning of the public distribution systems (PDS) in India?

A. Suresh Tendulkar Committee

B. Kaushik Basu Committee

C. Wadhwa Committee

D. Rangarajan Committee

E. None of these

20. Which among the following committee is related with the issues and concerns in the Non-banking financial Companies (NBFCs) sector?

A. Ragu Ram Committee

B. Usha Thorat Committee

C. Shome Committee

D. Tarapore Committee

E. None of these

21. 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?

A. R.Puri Committee

B. Tendulkar Committee

C. S.R. Hashim Committee

D. Chaturvedi Committee

E. None of these

22. Who among the following is the head of the expert committee on Streamlining Short-term Co-operative Structure in India?

A. MB Shah Committee

B. P Kotaiah

C. Prakash Bakshi

D. R K Singh

E. None of these

23. Who among the following heads the RBI Working group on boosting Export Finance?

A. Govind Kumar Menon

B. Mukul Mudgal

C. Gopal Kundu

D. G Padmanabhan

E. None of these

24. Who among the following is appointed by the Prime Minister Manmohan Singh as the Chairman of the committee on General Anti Avoidance Rules (GAAR)?

A. Ravindra H. Dholakia

B. Suresh Malhotra

C. D.K. Jain

D. Parthasarathi Shome

E. None of these

25. 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?

A. Prabhat Kumar

B. T.R. Prasad

C. K.M. Chandrashekhar

D. Kamal Pande

26. The Central Statistical Office (CSO) is located in _____

A. Mumbai

B. New Delhi

C. Noida

D. Chennai

27. National Sample Survey Organization(NSSO) is an organization under the ________

A. Ministry of Finance

B. Ministry of Statistics

C. Ministry of Commerce

D. All (B) and (C)

E. None of the Above

28. NCAER is located in _______

A. Mumbai

B. New Delhi

C. Noida

D. Chennai

29. National Council of Applied Economic Research or NCAER is a New Delhi based non-profit think tank of economics.

A. Mumbai

B. New Delhi

C. Noida

D. Gurugram

30. The headquarter of CARE is ______

A. Mumbai

B. New Delhi

C. Noida

D. Gurugram

31. SME Rating Agency of India Limited (SMERA), a third party rating agency is situated in _______

A. Mumbai

B. New Delhi

C. Noida

D. Gurugram

32. The headquarters of Investment Information Credit Rating Agency(ICRA) Limited is located in _________

A. Mumbai

B. New Delhi

C. Noida

D. Gurugram

33. Credit Information Bureau India Limited (CIBIL) is India’s first Credit Information Company (CIC) headquartered at ________

A. Mumbai

B. New Delhi

C. Noida

D. Gurugram

34. Credit Information Bureau (India) Limited (CIBIL) is India’s first Credit Information Company (CIC) founded in August 2000. CIBIL collects and maintains records of an
individual’s payments pertaining to loans and credit cards.

A. New York

B. Washington D.C

C. Los Angeles

D. San Francisco

35. The headquarter of ONICRA is ______

A. Mumbai

B. New Delhi

C. Noida

D. Gurugram

E. Hyderabad

Banking Awareness Quiz Set 30

Banking Awareness Quiz Set 30

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