BANKING QUIZ
1. ________ was not nationalized in 1969:
a) Punjab National Bank
b) Oriental Bank of commerce
c) Bank of Baroda
d) Union Bank of India
e) None of these.
2. In the first round 14 major banks with a liability base of _____ were nationalized:
a) 10 crore or more
b) 20 crore or more
c) 50 crore or more
d) 100 crore or more
e) None of these.
3. ________ do not attract TDS:
a) Fixed deposits
b) Reinvestment deposits
c) NRO SB
d) None of these
e) Recurring deposits
4. SLR is maintained as a percentage of:
a) Time liabilities
b) Demand liabilities
c) Time and Demand liabilities
d) Gross time and demand liabilities
e) Net demand and time Liabilities
5. Principal functions of SIDBI:
a) Promotion of SSI
b) Finance of SSI
c) Development of SSI
d) All the above
e) None of these.
6. ______ heads and conducts the affairs of RBI:
a) Central Board
b) Local board
c) Regional board
d) All of the above
e) None of these
7. What does the DICGC insure?
a) Any amount due on account of any deposit received outside India.
b) Deposits of Central/State Governments;
c) Deposits of foreign Governments;
d) All of these.
e) None of these.
8. Which is/ are the different categories under priority sector?
a) Social Infrastructure
b) Renewable Energy
c) Micro, Small and Medium Enterprises
d) All of these.
e) None of these.
9. Arvind Panagariya the Vice- Chairman of NITI Aayog, what is/ are the correct facts about him?
a) He was former Chief Economist with the Asian Development Bank.
b) He was an economics professor at Columbia University.
c) He also worked for World Bank.
d) All of these.
e) None of these.
10. Which of the following is not a contributing factor to micro-credits?
a) KYC norms
b) Collaterals
c) Pre-payment charges
d) EMI
e) None of the above.
11. What does Deficit financing mean?
a) Government of India borrows from World Bank
b) Government of India borrows from IMF
c) Government of India borrows from SBI
d) Government of India borrows from RBI
e) None of these.
12. Which is incorrect with regard to powers of RBI:
a) Holds cash reserve banks
b) Controls banking system through licensing
c) Supervises Banking system through inspection
d) None of the above
e) All of the above
13. ______ Intervenes in markets to maintain the external value of the Indian rupee:
a) Exporters
b) Importers
c) RBI
d) IMF
e) None of these
14. In India, Forex rates are determined by:
a) Importers
b) Exporters
c) RBI
d) Ministry of commerce
e) Demand and supply forces
15. The instrument which provides proprietary interest in company and which entitles a person to dividend on profits, is called?
a) Bond
b) Share
c) Debenture
d) Warrant
e) Any of the above
16. Which of the following provides proper definition of a Mutual Funds?
a) It is an association of members of public
b) These members want to invest in financial instrument
c) They want to invest in financial instrument assets of business sector
d) All the above
e) None of these
17. Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India?
a) NABARD
b) SIDBI
c) RBI
d) SEBI
e) None of these
