Banking Quiz 1

Banking General Awareness Quiz 1

1)

Which among the following body promoted securities Trading Corporation of India Limited (STCI) jointly with the Public sector Banks?

A) SEBI
B) Reserve bank Of India
C) IDBI Ltd.
D) ICICI Ltd.

2)

he state bank of India (Amendment) Bill-2010, which was passed in the parliament in the latter half of 2010, apart from other things, reduces the statutory minimum shareholding of the Central Government in the bank from ­________ to ______ %, which among the following set of figures fills the blank correctly?

A) 59, 52
B) 55, 51
C) 59, 55
D) 62, 51

3)

What do we call an agreement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to take payment to the exporter (Beneficiary) against stipulated documents?

A) Bill of exchange
B) Letter of Exchange
C) Letter of Credit
D) Bill of entry

4)

Mutual funds are regulated in India by which among the following?

A) RBI
B) SEBI
C) Stock exchanges
D) RBI and SEBI both

5)

Which among the following duties is applied by a government to control the exports of a commodity, so that the commodity can be used by the local markets than in foreign countries?

A) Custom duty
B) Excise Duty
C) Anti dumping duty
D) Dumping Duty

6)

Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?

A) RBI
B) Department of Agriculture
C) NABARD
D) Department of Finance

7)

We read in the newspapers that the foreign direct Investments are preferred over the Capital Inflow. In this context, please consider the following.
1. FDI brings in latest technology
2. FDI does not involve large outflow
3. FDI improves efficiency of the economy
Which among the above is/are most suitable reason/reasons for the given statement?

A) Only 1
B) Only 1 & 3
C) Only 1 & 2
D) All 1, 2 & 3

8)

Which among the following body finalizes the market-borrowing programmers of State Governments in India?

A) State Governments
B) RBI
C) Union Ministry of Finance
D) Planning Commission

9)

Which among the following is the only correct statement?

A) Money market meets long term financing needs
B) Recession in industrial sector in India is normally due to fall in exports
C) Ways and means advances is given by RBI are nowhere related to state’s revenue
D) Exchange rate is fixed by RBI

10)

Many a times we read in the newspapers hat the Government of India signs DTAA to broaden the scope of article of exchange of information to include exchange of banking information. What does the DTSS refers to here?

A) DTAA taxation article agreement
B) Double taxation avoidance agreement
C) Double taxation avoidance arrangements
D) Dual tax agreement arrangement