Q.1. Which of the following is the first commercial bank who had launch a mutual fund?
a) State bank of India
b) Canara bank
c) Indian bank
d) Bank of India
e) Indian overseas bank
Q.2. A close-ended fund means
a) The corpus is of fixed size with a definite redemption period
b) Listing on stock exchanges provides easy liquidity
c) The market price is always below the net asset value
d) All
e) None
Q.3. Who decided on the quantity of coins to be minted?
a) The Government of India
b) RBI
c) Either 1 or 2
d) All of the above
e) None of the above
Q.4. Collateral securities can be _____?
a) Tangible
b) Intangible in the shape of personal guarantee of a third party
c) security given to get credit facilities/loan
d) All of the above
e) None of the above
Q.5. The most risky charge from a banker’s point of view is ______?
a) Pledge
b) Hypothecation
c) Mortgage
d) Lien
e) None of the above
Q.6. The term ‘Ways and Means” advances refers to
a) the advances allowed under DRI Scheme by commercial banks
b) the advances allowed by commercial banks under Twenty Point Economic Programme
c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues
d) All of the above
e) none of the above
Q.7. A Foreign Currency (non-resident) accounts means
a) a foreign currency account maintained at a foreign center by a person resident in India
b) A US $ account maintained in India by a foreigner
c) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
d) All of the above
e) None of the above
Q.8.What role does Micro, small and Medium Enterprises(MSMEs) play in a country’s economic and industrial development?
(A) They have the capacity to absorb skilled and unskilled labour available in the country.
(B) Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
(C) They help in eradication of poverty by providing self – employment opportunities.
a) Only A
b) Only (B)
c) Only C
d) Only A and C
e) All A, B and C
Q.9. RBI changed RTGS time window. The wrong option is .........
a) RTGS business opening would be at 08:00 hours while initial cut off (customer transactions) would be 16:30 hours.
b) The final cut-off (inter-bank transactions) will be at 19:45 hours and IDL reversal between 19:45 - 20:00 hours.
c) An account holder can do only one RTGS transaction per day in a week as per RBI rules.
d) Minimum amount to be remitted through RTGS is Rs.2 lakhs.
e) There is no upper ceiling for RTGS transactions.
Q.10. World Bank's latest estimates on India's per capita income and GDP given. Locate the wrong option.
a) India's per capita income rose 9.7 percent to $1,631 in 2014 from $1,487 in the previous year.
b) India was 169th in terms of per capita income in the world.
c) India's GDP crossed $3 trillion in 2014, compared to $1.86 trillion in 2013.
d) In terms of official dollar-rupee rate, the Indian economy was ninth in terms of GDP size.
e) India remained a low-middle income economy, as per the World Bank's latest estimates on per capita income and GDP.
Q.2. d) All
Q.3. a) The Government of India
Q.4. d) All of the above
Q.5. a) Pledge
Q.6. c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues.
Q.7. c) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
Q.8. e) All A, B and C
Q.9. c) An account holder can do only one RTGS transaction per day in a week as per RBI rules.
Q.10. c) India's GDP crossed $3 trillion in 2014, compared to $1.86 trillion in 2013.
a) State bank of India
b) Canara bank
c) Indian bank
d) Bank of India
e) Indian overseas bank
Q.2. A close-ended fund means
a) The corpus is of fixed size with a definite redemption period
b) Listing on stock exchanges provides easy liquidity
c) The market price is always below the net asset value
d) All
e) None
Q.3. Who decided on the quantity of coins to be minted?
a) The Government of India
b) RBI
c) Either 1 or 2
d) All of the above
e) None of the above
Q.4. Collateral securities can be _____?
a) Tangible
b) Intangible in the shape of personal guarantee of a third party
c) security given to get credit facilities/loan
d) All of the above
e) None of the above
Q.5. The most risky charge from a banker’s point of view is ______?
a) Pledge
b) Hypothecation
c) Mortgage
d) Lien
e) None of the above
Q.6. The term ‘Ways and Means” advances refers to
a) the advances allowed under DRI Scheme by commercial banks
b) the advances allowed by commercial banks under Twenty Point Economic Programme
c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues
d) All of the above
e) none of the above
Q.7. A Foreign Currency (non-resident) accounts means
a) a foreign currency account maintained at a foreign center by a person resident in India
b) A US $ account maintained in India by a foreigner
c) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
d) All of the above
e) None of the above
Q.8.What role does Micro, small and Medium Enterprises(MSMEs) play in a country’s economic and industrial development?
(A) They have the capacity to absorb skilled and unskilled labour available in the country.
(B) Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
(C) They help in eradication of poverty by providing self – employment opportunities.
a) Only A
b) Only (B)
c) Only C
d) Only A and C
e) All A, B and C
Q.9. RBI changed RTGS time window. The wrong option is .........
a) RTGS business opening would be at 08:00 hours while initial cut off (customer transactions) would be 16:30 hours.
b) The final cut-off (inter-bank transactions) will be at 19:45 hours and IDL reversal between 19:45 - 20:00 hours.
c) An account holder can do only one RTGS transaction per day in a week as per RBI rules.
d) Minimum amount to be remitted through RTGS is Rs.2 lakhs.
e) There is no upper ceiling for RTGS transactions.
Q.10. World Bank's latest estimates on India's per capita income and GDP given. Locate the wrong option.
a) India's per capita income rose 9.7 percent to $1,631 in 2014 from $1,487 in the previous year.
b) India was 169th in terms of per capita income in the world.
c) India's GDP crossed $3 trillion in 2014, compared to $1.86 trillion in 2013.
d) In terms of official dollar-rupee rate, the Indian economy was ninth in terms of GDP size.
e) India remained a low-middle income economy, as per the World Bank's latest estimates on per capita income and GDP.
Answer:
Q.1. a) State bank of IndiaQ.2. d) All
Q.3. a) The Government of India
Q.4. d) All of the above
Q.5. a) Pledge
Q.6. c) The temporary advances made to the government by its banners to bridge the interval between expenditure and the flow of receipts of revenues.
Q.7. c) an account maintained by a non-resident individual of Indian nationality or origin (NRI) with an authorized dealer in India in a designated foreign currency
Q.8. e) All A, B and C
Q.9. c) An account holder can do only one RTGS transaction per day in a week as per RBI rules.
Q.10. c) India's GDP crossed $3 trillion in 2014, compared to $1.86 trillion in 2013.
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