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Banking Awareness
Banking Awareness Miscellaneous
Quiz 9
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Q.1
In which year, Credit Guarantee Corporation created ?
1975
1971
1975
2001
Q.2
A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:
Note caution and will advice the payee to contact purchaser of the draft
Not act on the request
Stop payment
Performs no action
Q.3
Which among the following schemes of the Government was launched with an objective of a slum free India? (A) Indira Awas Yojana (B) Rajiv Awas Yojana (C) Ambedkar Awas Yojana (D) Grahalaxmi Scheme
Only A
Only B
Only C
Only D
Q.4
Priority Sector does not includes the _____.
Agricultural Finance
Education Loans
Housing loans
Life Insurance Policy
Q.5
The largest financial conglomerate of India is:
HDFC Bank
ICICI Bank
IFCI
SBI
Q.6
Under which of the following methods of depreciation, amount of depreciation varies every year?
Written Down Value Method
Straight Line Method
Amount of depreciation does not vary on year to year basis
Either a or b
Q.7
Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list):
The bank can seek authority from the RBI
Board of directors of that Bank can decide the business suitable to the bank
It can be decided by the Bank in the shareholders meeting
Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company
Q.8
First bank in India to launch its interactive banking service through Dish TV:
HSBC
ICICI Bank
HDFC Bank
Axis Bank
Q.9
First Indian Governor of the RBI:
C.D. Deshmukh
Sachindra Ray
S. Mukherjee
D.I.G. Patel
Q.10
J.S. Verma Committee Report relates to:
Strengthening of weak banks
Corporate Governance
Bank Mechanization
None of the above
Q.11
Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?
Capital Market
Banking industry
Commodities market
Money Market
Q.12
When two parties make an arrangement to exchange future cash flows, it is called:
Options
Arbitrage
Swap
Futures
Q.13
In April 2013, A Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs _____ .
1000 Crore
500 Crore
2500 Crore
5 Crore
Q.14
Which statement is not correct about Capital Adequacy Ratio ?
It is a thermometer of Bank’s Health.
It is the ratio of its Capital to its Risk.
It can indicate the Capacity of the Bank’s ability to absorb the possible losses.
A good CAR makes vulnerable to the Depositors and lose faith in the banking system.
Q.15
In which year India become a member of Financial Action Task Force ?
1978
2000
2010
1994
Q.16
Mutual funds are required to be registered with:
AMFI
SEBI
IBA
RBI
Q.17
What is Yield Curve Risk?
It is a line of graph plotting the yield of all maturities of a particular instrument.
Yield curve changes its slope and shape from time to time.
Yield curve can be twisted to the desired direction through the intervention of RBI.
All of the above
Q.18
Kelkar Committee Gave recommendations on ___________.
Tax Structure Reforms
Delisting in Share market
Broad Frame work of Insurance Sector
Company Law Reforms
Q.19
Usually, the validity period of an Income Tax Refund Order is:
1 month
2 months
3 months
6 months
Q.20
Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:
Indian Contract Act
SARFAESI Act
Government Notification
Banking Regulation Act
Q.21
Cryptocurrency is a _______ .
Plastic Money.
Digital Medium of Exchange
Digital payment
Both A & B
Q.22
Computer Emergency Response Team India comes under ___________.
Ministry of Communications and Information Technology
Ministry of Commerce.
RBI
Department of Information & Technology.
Q.23
Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:
2 years
4 years
5 years
6 years
Q.24
Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
Bombay Stock Exchange
Delhi Stock Exchange
Calcutta Stock Exchange
Bangalore Stock Exchange
Q.25
__________ was appointed by PM in July 2012 to look into taxation of IT sector.
Rangachary committee
Bimal Jalan Committee
C N R Rao Committee
Damodran Committee
Q.26
Which of these should be practiced when using a credit card?
Pay only the minimum balance since it is allowed
Throw away the receipt signed by you immediately after receiving from the cashier
Memories your PIN number and do not leave your PIN number in your wallet
Maintain as many cards as possible for convenience
Q.27
In India, the Chit funds are governed / regulated by ___.
RBI
Central Government
State Governments
Local Bodie
Q.28
The sensitive Index of National Stock Exchange of India is popularly known as-
Sensex
CRIS
Nifty
CSE
Q.29
The biggest international financial centre in the world:
Frankfurt
Geneva
London
New York
Q.30
Which one is not the Government Securities ?
T- Bill.
Floating rate Bonds
Dated Securities
Call/Put Option Bonds.
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