Banking Quiz 3

The association of the rupee with pound sterling as the intervention currency was broken in

On July 12, 1982, the ARDC was merged into

If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

Which of the following items would not appear in a company’s balance sheet?

The currency convertibility concept in its original form originated in

The central co-operative banks are in direct touch with

The first wholly Indian Bank was set up in

Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are

In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines

Deficit financing means that the government borrows money from the

The co-operative credit societies have a

Regional rural banks

1. have limited area of operation
2. have free access to liberal refinance facilities from NABARD
3. are required to lend only to weaker sections

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

Reserve Bank of India was nationalized in the year

How many banks were nationalized in 1969?

The accounting year of the Reserve Bank of India is

In India, the first bank of limited liability manages by Indians and founded in 1881 was

If the RBI adopts an expansionist open market operations policy, this means that it will

Which of the following is NOT the name of a multinational bank?

In order to avoid crowding of customers wanting to withdraw cash in the branches, banks have provided many delivery channels. Which of the following is one of the most popular channels of getting instant hard cash?

As we all know, when we deposit a cheque issued in our name in the bank, the bank always checks if the cheque has been crossed or not. Why is this done?

Which of the following terms is NOT associated with banking operations?

A student has got admission to a foreign university. From where can he/she get the foreign currency?

What is the full form the term ‘FDIs’ as used in economic world?

Which of the following document(s) is/are considered as officially valid document to satisfy KYC norms for opening a Bank account?

1. Passport
2. PAN
3. Aadhar number issued by Unique Identification Authority of India

Which of the following is NOT a Govt. sponsored organization?

Which of the following is the apex institution which handles refinance for agriculture and rural development in India?

Which of the following services is NOT provided by the post offices in India?

Which of the following is NOT a part of India’s Money Market?

Which of the following is the Regulator of the credit rating agencies in India?

Bank rate is decided by which of the following?

FDI refers to –

Which of the following terms is used in Banking?

Teaser Rates are related to which of the following types of loans?

As we all know, the major source of income of the banks is lending money (providing credit) and earning interest on it. In normal circumstances, the demand of the credit comes mainly from which of the following sectors?

1. Personal Loans
2. Priority Sector Lending and Bailout Packages
3. Project Finance

Many banks have launched/floated their subsidiaries which are fully owned by them. Banks launch subsidiaries normally for which of the following businesses?

1. Home Loan Business
2. To sell Insurance Policies
3. To control Online Operations or Internet Banking
   business

‘The set of directive principles issued by the Central Bank of a country or the process adopted by it to control the supply of money, availability of money, cost of money and rate of interest, etc, in order to bring stability and growth of the economy’ are commonly known as

RBI’s open market operation transactions are carried out with a view to regulate

The bank rate means

What is an Indian Depository Receipt?

An instrument that derives its value from a specified underlying (currency, gold, stocks etc), is known as

Reverse repo means

The stance of RBI monetary policy is

Currency Swap is an instrument to manage

Euro Bond is an instrument

Money Laundering normally involves

The IMF and the World Bank were conceived as institutions to

Capital Market Regulator is

What is the Call Money?

Which of the following is the Regulator of the credit rating agencies in India?

The branding line of Bank of Baroda is

Lot of Banks in India these days are offering M-Banking Facility to their customers. What is the full form of ‘M’ in ‘M-Banking’

Many times we read about Future Trading in newspapers. What is ‘Future Trading’?

1. It is nothing but a trade between any two stock
   exchanges where in it is decided to purchase the stocks of each other on a fixed price throughout the year
2. It is an agreement between two parties to buy or sell an underlying asset in the future at a predetermined price
3. It is an agreement between stock exchanges that they will not trade the stocks of each other under any circumstances in future or for a given period of time

The Govt. of India has raised the amount of the Loan Waiver to the farmers by 20%. Now the amount of is nearly