Monday, 27 November 2017

Banking Awareness 27/11/2017

             

                
                                 



Q.1 Which of the following cannot be termed as a Negotiable instrument?

(1) Promissory note

(2) Bill of Exchange

(3) Cheque

(4) Certificate of Deposit

(5) All of the above

Q.2 Which of the following is an indirect instrument that is used in the formulation and implementation of monetary policy by RBI?

(1) Cash Reserve Ratio (CRR)

(2) Open Market Operations (OMO)

(3) Statutory Liquidity Ratio (SLR)

(4) Refinance facilities

(5) None of these

Q.3 Which of the following is Not an objective of the Monetary Policy in India?

(1) Maintaining price stability

(2) Ensuring adequate flow of credit to productive sectors of the economy for supporting economic growth

(3) To manage the capital market

(4) Achieving financial stability

(5) None of these

Q.4 What is the Reverse Repo Rate?

(1) 5.75

(2) 8.50

(3) 7.50

(4) 8.75

(5) 6.00

Q.5 Which among the following is Not a member country of NATO?

(1) Albania

(2) Greece

(3) Portugal

(4) India

(5) United Kingdom

Q.6 Which of the following is NOT a Public Sector Bank?

(1) Corporation Bank 

(2) United Bank of India

(3) Vijaya Bank

(4) Bank of Maharashtra

(5) Federal Bank

Q.7 Which of the following persons was the former Governor of RBI?

(1) P. Chidambaram 

(2) Yashwant Sinha 

(3) Pranab Mukherjee

(4) Man Mohan Singh 

(5) None of these


Q.8 International Monetary Fund publishes ________.

(1) World Economic Outlook

(2) World Development Report 

(3) Financial Stability Report

(4) Key Indicators for Asia and the Pacific

(5) None of these


Q.9 In which year the National Rural Health Mission (NRHM) was started?

(1) 2005

(2) 2000

(3) 2001

(4) 2010

(5) None of these


Q.10 Which of the following are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?

(A) All commercial banks

(B) Branches of foreign banks functioning in India

(C) Local area banks

(D) Primary cooperative societies

(1) Only A

(2) A and B

(3) A, B and C

(4) All A, B, C and D

(5) None of these


Q.11 Money laundering occurs in three stages which includes placement, layering and Integration. Which statement/statements clearly defines the process of "Layering"?

(1) It refers to the return of funds to the legitimate economy for later extraction 

(2) It refers to the initial point of entry for funds derived from any criminal activities 

(3) It refers to the creation of a complex network of transactions which attempts to obscure the link between the initial point & the end of the laundry cycle. 

(4) Both 1 and 2 

(5) Both 2 and 3 


Q.12 A Non-Banking Financial Institution. 

(1) Can accept demand deposit 

(2) Can issue cheque to customers 

(3) Cannot accept fixed deposit 

(4) Cannot accept demand deposit and cannot issue cheques 

(5) None of these 


Q.13 Name the yearly report published by the World Economic Forum.

(1) World Development Report 

(2) Global Competitiveness Report 

(3) Global Financial Stability Report 

(4) Human Development Report 

(5) None of these


Q.14 What would you call an unsecured loan extended by one corporate to another corporate?

(1) Treasury bill 

(2) Commercial papers 

(3) Certificate of deposits 

(4) Inter corporate deposits 

(5) None of these 
 


Q.15 C.D. Deshmukh was the first Indian Governor of RBI to have presented the Interim Budget for which year?

(1) 1947-48 

(2) 1948-49 

(3) 1950-51 

(4) 1951-52 

(5) None of these 


Q.16 In which of the following Gilt funds do not invest?

(1) Central government dated securities 

(2) State government securities 

(3) Debentures 

(4) Treasury bills 

(5) None of these 


Q.17 Bombay Stock Exchange was established in the year _________.

(1) 1862 

(2) 1870 

(3) 1875 

(4) 1890 

(5) None of these 


Q.18 Which is the function of Asset Liability Mismatch? 

(1) Liquidity risk management 

(2) Management of market risks (including Interest Rate Risk) 

(3) Funding and capital planning 

(4) All of the above 

(5) None of these 


Q.19 Primary banking functions of the commercial banks does not include:

(1) Acceptance of deposits 

(2) Clearing of cheque 

(3) Creation of credit 

(4) Advancing loans 

(5) Agency Services 


Q.20 At which of the following place is the headquarters of RBI located?

(1) Kolkata 

(2) Chennai 

(3) Wardha 

(4) Mumbai 

(5) None of these


ANSWERS:

1. 4

2. 2

3. 3

4. 1

5. 4

6. 5

7. 4

8. 1

9. 1

10. 3

11. 3

12. 4

13. 2

14. 4

15. 4

16. 4

17. 3

18. 4

19. 5

20. 4






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