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Banking Awareness Quiz Set - 09

image 2017-12-06 18:35:07
Banking Awareness Quiz  Set - 09

Q1. Which of the following cannot be called an anti-inflationary measure?
a) Raising the Bank Rates
b) Raising the Reserve Ratio Requirements
c) Purchasing securities in the Open Markets
d) Rationing of the Credit
e) None of these

Q2. Which of the following is the major marine food export item of India?
a) Frozen Fish
b) Frozen Shrimp
c) Frozen Crab
d) Cephalopod
e) None of these

Q3. In context of business and banking, what is CRAR?
a) Capital to Risk (Weighted) Asset Ratio
b) Credit to Risk Asset Ratio
c) Credit to Risk Assessment Ratio
d) Capital to Risk Assessment Rate
e) Credit Rate Assessment Ratio

Q4. The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called as
a) Minimum Reserve System
b) Proportional Reserve System
c) Maximum Fiduciary Issue System
d) Simple Deposit System
e) None of these

Q5. Consider the following:
(A) Bank Rate Policy
(B) Open Market Operations
(C) Devaluation of Rupee
Which of the above are called fiscal measures?
a) Only (A)
b) Both (A) and (B)
c) Both (A) and (C)
d) Only (C)
e) None of these

Q6. Interest rates on which of the following deposit schemes is fixed by the Reserve Bank of India?
a) Fixed deposits above five years’ maturity
b) Recurring deposits
c) Savings bank
d) Flexi Deposit scheme
e) None of these

Q7. Which of the following policies is known as Annual Policy Statement?
a) Annual budget of Central Govt
b) Credit and monetary policy of RBI
c) Foreign trade policy of DGFT
d) Regulations issued by SEBI
e) None of these

Q8. Govt shareholding in public sector banks cannot be below
a) 33%
b) 51%
c) 74%
d) 76%
e) 100%

Q9. As we all know, Govt of India collects tax revenue on various activities in the country. Which of the following is a part of the tax revenue of the Govt?
A. Tax on Income
B. Tax on Expenditure
C. Tax on Property or Capital Asset
D. Tax on Goods and Services
a) Both (A) and (C) only
b) Both (B) and (D) only
c) All (A), (B), (C) and (D)
d) Only (B), (C) and (D)
e) None of these

Q10. Which of the following Acts was framed specially to deal more effectively with the problem of Non-Performing Assets in banking system?
a) Companies Act
b) Banking Regulation Act
c) Foreign Exchange Management Act
d) Industrial Dispute Act
e) SARFAESI Act

Answers:

Q1. c, Q2. a, Q3. a, Q4. b, Q5. d
Q6. c, Q7. b, Q8. b, Q9. c, Q10. e