Q.1
Foreign exchange management has a term Dirty Float which stands for _________.
  • When exchange rate is manipulated to take leverage in external transactions
  • When exchange rate is not at all managed by authorities
  • When country's regulation over foreign exchange market is weak
  • When a country allows free floating exchange rate
  • When Capital account convertibility allows free movement of capital with minimal regulations
Q.2
Which of the following goods are considered as the intermediate goods:
  • All goods which are meant for further production
  • All goods which are meant for resale in the same year
  • All goods which are meant for consumption by consumers
  • Both (1) and (2)
  • None of the above
Q.3
The Rural Banks came into existence inwith the formation of which of the following banks?
  • Kamraz Rural Bank
  • Kakathiya Grameen Bank
  • Prathama  Bank
  • Kanakdurga Grameen Bank
Q.4
Which among the following was the main recommendation of the Narsimhan Committee-II in 1998?
  • It recommended doing away with the Priority Sector Lending system
  • It recommended merger of banks and finance institutions, NBFCs etc. on the basis of synergy and operational efficiency
  • Both 1 and 2
  • None of the above
Q.5
A ________ is a relative amount of capital to total assets (not risk-weighted).
  • Leverage ratio
  • Capital adequacy ratio
  • Liquidity ratio
  • Net Stable Funding Ratio
  • None of the above
Q.6
Where is the headquarters of Small Industries Development Bank of India (SIDBI)?
  • Kolkata
  • New Delhi
  • Mumbai
  • Hyderabad
  • Lucknow
Q.7
Which of the following is not true about Bharat Interface for Money (BHIM) app?
  • BHIM is a digital payments solution app, for easy and quick transactions, based on the Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI).
  • Money can also be sent to non-UPI supported banks using IFSC code and account number.
  • BHIM allows daily transaction limit of Rs 20,000.
  • Transaction Limits: Maximum of Rs. 20,000 per transaction and Rs. 30,000 within 24 hours.
  • BHIM framework allows its usage without internet also.
Q.8
What is the main objective behind the introduction of Payments Bank?
  • To generate funds for entrepreneurs
  • To increase government tax base
  • To promote the idea of Make in India
  • To increase the penetration level of financial services to the remote areas of the country.
  • None of the above
Q.9
The new Rsbanknote has the motif of _______ on the reverse side of it.
  • Mangalyaan
  • Taj Mahal
  • The Bay of Bengal
  • Mount Everest
  • None of the above
Q.10
NRO Account can be opened in the form of:
  • Saving Account
  • Current Account
  • Fixed Deposit Account
  • All of the above
  • None of the above
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