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Quiz 2
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Q.1
Which of the following entities did not get the licence to run Payment Bank
Aditya Birla Nuvo Limited
Sun Pharma
Fino PayTech Limited
Videocon d2h
Q.2
RBI has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from Nepal and Bhutan. RBI has put a limit on carrying such notes at Rs.__________ per person?
10000
15000
25000
20000
Q.3
Crossing on a cheque can be cancelled by the ________ of the cheque, under his full signature.
payee
drawee
endorser
drawer
Q.4
0-second paperless instant loan Scheme for its existing customers and Project Tatkal home loans application process within 10 days are launch by which of these banks respectively
ICICI and HDFC
SBI and ICICI
BOI and SBI
HDFC and SBI
Q.5
"Doing business report" published by
World Bank
IMF
ADB
WTO
Q.6
Which of the following statements is incorrect regarding RTGS system?
The transactions take place in real time
The system operates on DNS (Deferred Net Settlement) basis
The minimum amount that can be remitted is Rs. 2 lakh
Service charges for RTGS transactions vary from one bank to another
Q.7
In TRIPS, what does āIā stand for?
Intellectual
Information
Indian
Infra
Q.8
Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for?
Foreign Currency Convertible Bond
Foreign Convertible Credit Bond
Financial Consortium and Credit Bureau
Future Credit and Currency Bureau
Q.9
In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee?
Any person
Known person only
Female only
Close blood relation only
Q.10
The Banking Ombudsmanā
is in charge of bank loans for buses
fixes the rates of interest for loans
resolves complaints of customers
issues license for new bank branches
is the head of all nationalised banks
Q.11
Which of the following is NOT classified as a commercial bank?
Public sector bank
Foreign bank
Private sector bank
Regional rural bank
Urban cooperative bank
Q.12
What is NOT true with regard to Currency Chests in India?
They are managed by different banks on behalf of RBI
Deposits in Currency Chests are taken into account for calculation of CRR (Cash Reserve Ratio)
Standard Chartered Bank a Foreign Bank also maintains Currency Chest
None of the above
Q.13
Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act?
An Individual can set up "One person Private Ltd Company"
An independent Director can hold 3 consecutive terms of 3 years
Listed Companies must have at least 1/3rd independent Directors
Prescribed Companies must have at least 1 woman Director on the Board
Q.14
In July 1969, how many Commercial Banks were nationalized?
13
14
15
16
Q.15
Which of the following Co-operative Banks is considered as the first Co-operative Bank in India?
Abhyudaya Co-operative Bank Ltd
Ahmedabad Mercanile Co-operative Bank Ltd
Amanath Co-operative Bank Ltd
Anyonya Co-operative Bank
Q.16
The usual deposit accounts of banks are
Current Accounts, Insurance Premium Account and Electricity accounts
Current Accounts, Post office Savings account and Term deposit accounts
Loan Accounts, Term Deposit accounts and Savings Account
Term Deposit accounts, Current Accounts and Savings Account
Q.17
Which of the following is not the name of a Banking Organisation?
HDFC
IDBI
YES
SEBI
Q.18
Monetary Policy as an arm of the economic policy is administered by
Government of India
Reserve Bank of India
State Bank of India
Governments of the respective states
Q.19
In regards to insurance, āA policy provision that allows a policy to be restored from a lapsed status and resume active coverageā is termed as?
Reaffirmation
Reinsurance
Reinstatement
Revocation
Q.20
āThe termination of an insurance policy due to non-payment of premiumā is technically called as?
Death
Lapse
Forfeiture
Seize
Q.21
What are āOpen Market Operations"?
Activities of SEBIĀ¬registered brokers
Selling of currency by the RBI
Selling of giltĀ¬edged securities by the government
Sale of share by FIIs
Q.22
In index of financial inclusion has been launched for the first time in 2008 by
BSE
NSE
ICRIER
CCI
Q.23
Which of the following is not a contributing factor to micro-credits?
EMI
Collaterals
KYC norms
Pre-payment charges
Q.24
Financial assistance for a sum of Rs. 5,000 can be called as?
Small finance
Micro finance
Crazy finance
Petty finance
Q.25
Which of the following banks is the second largest Public sector banks among the 236 PSBs in India in terms of Profit?
Bank of India
Punjab National Bank
Bank of Baroda
Central Bank of India
Q.26
What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
3 years
5 years
7 years
10 years
Q.27
What does the letter āLā stands for in the term LAF commonly used in financial/economic news?
Liquidity
Least
Liabilities
Long
Q.28
Monetary Policy as an arm of the economic policy is administered by
Government of India
Reserve Bank of India
State Bank of India
Governments of the respective states
Q.29
After the recommendations of which of the following committee the Regional Rural Banks were setup?
Sarayya Committee
Kapoor Committee
Narasimhan Committee
Rangarajan Committee
Q.30
Self Help Group (SHG) Bank Linkgage programme was first launched by
RRBs
NABARD
SBI
RBI
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