MCQs on Banking Affairs -10

1. Recommendations of Malegam committee on Micro Finance Sector do not include _______
(a) MFI should not charge more than 24% of its disbursed loans
(b) Processing fee on the loan amount must not be more than 1%
(c) Margin of interest to be not more than 20 per cent
(d) MFIs should lend to an individual borrower only as a member of a JLG and should have the responsibility of ensuring that the borrower is not a member of another JLG

    2. On 9th October 2013 RBI has announced set up a Technical Committee under the chairman ship of ____________ to examine the feasibility of encrypted SMS-based fund transfers. 
    (a) Anand Sinha
    (b) Raghu Ram Rajan
    (c) Urjith Patel
    (d) Sambamurthy

      3. Who is the first woman chairperson of State Bank of India
      (a) Shubhalakshmi Panse
      (b) Chanda Kochhar
      (c) Arundhathi Bhattacharya
      (d) Usha Ananthasubramanian

        4. Which member of the world bank group launched the Indian Rupee Denominated bond, may be the first step towards internationalization of the Indian currency ?
        (a) IBRD
        (b) IDA
        (c) IFC
        (d) IMF

          5. Which of the following fall under the qualitative method of credit control adopted by RBI?
          (a) Selective credit control 
          (b) Moral suasion 
          (c) Credit authorization scheme  
          (d) All of the above  


          6. In periods of boom, which leads to economic instability RBI resorts to
          (a)Sale first class securities in its precession in the market, to reduce the supply of money as a measure of open market operations 
          (b) Buying of approved securities in the market as a measure of open market operation 
          (c) Like in the bank rate as is measure of open market operations 
          (d) None of the above 



          7. Cash reserve ratio is maintained in the form of
          (a) Government securities  
          (b)Balance with RBI  
          (c) Balance with state bank of India 
          (d) All of the above 



          8. Which is the authority in India for effecting changes in the cash reserve ratio and statutory liquidity ratio?
          (a)  Government of India   
          (b)  RBI   
          (c)  Indian banks Association 
          (d) CRR and SLR association 



          9. Bank rate means
          (a) The rate of interest charged by the bank on advances  
          (b) The rate of interest paid by banks on the deposits 
          (c) The standard rate at which the RBI is prepared to buy or to rediscount eligible bills of exchange or other commercial papers of commercial banks   
          (d) None of the above     



          10. In the opinion of the Governor of Reserve Bank of India, which one of the following is the reason owing to which India’s inflation is accelerating?
          (a) Excess liquidity in market 
          (b) Speculation in essential goods 
          (c) Higher food Cost
          (d) Commodities futures  



          11. When Reserve Bank intends to increase credit by the banking system, it
          (a) Reduces the bank rate        
          (b) Raises the bank rate
          (c) Freezes the bank rate                        
          (d) None of these          



          12.  What does the term Open Market Operations refer to?
          (a) Selling of equities in the open market
          (b) Selling of commodities in the open market 
          (c) Buying and selling of government securities in the open market
          (d) Buying and selling of products in the wholesale market


          13. ______is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets. 


          (a) Statutory Liquidity Ratio (SLR)    
          (b) Cash Reserve Ratio (CRR) 
          (c) Statutory Reserve Ratio            
          (d) Cash Ratio


          14. A Sub-Committee of the Central Board of the Reserve Bank was constituted to study issues and concerns in the MFI sector under the chairmanship of _____.
          (a) Ms Usha Thorat 
          (b) Shri Y. H. Malegam
          (c) Ms Shyamala Gopinath 
          (d) Shri Anand Sinha


          15. For a remittance of Rs 100,000 under NEFT how much maximum charges other than service tax can be charged by a bank to the remitter?
          (a) Rs 5 
          (b) Rs 25
          (c) Rs 50 
          (d) Rs 5 per thousand

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