Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs -21

1. Currency chest, which have stocks of notes and coins are authorized branches of-
A. RBI
B. Scheduled bank
C. SEBI
D. Foreign Bank with Indian branches.


2. Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons?
A.Regulatory jurisdictional fight between SEBI and IRDA
B. They don’t offer better tax benefits
C.They offer lesser returns compared to traditional insurance policies
D.All of the above


3.The difference between the outflow and inflow of foreign currency is known as 
A.Foreign Exchange Reserves
B.Current Account Deficit
C.Fiscal Deficit
D.Balance of Payments


4. A commercial bank will launch a medium term note (MTN) programme to 
A.Provide loans
B.Raise Funds
C.Sell Equity
D.Purchase shares


5. Which among the following banks has launched the ‘Tatkal’, scheme that enables the people to transfer money to their families in their native towns and villages without actually opening an account?
A.State Bank of India
B.Bank of India
C.Canara Bank
D.Union Bank of India


6. Who heads the National Ministerial Committee under the Architecture for Cash Transfers?
A.Prime Minister of India
B.Finance Minister
C.Food and Consumer Affairs Minister
D.Deputy Chairman, Planning Commission


7. Saumitra Chaudhuri committee has been appointed to recommend revisions to :
A.Wholesale Price Index
B.Consumer Price Index
C.Index of Industrial Production
D.Housing Development Index


8. Too much import of Gold by India adversely affects:
1. Trade Balance
2. Current Account Balance
3. Capital Account Balance

Choose the correct option from the codes given below:
A.1 & 2
B.2 & 3
C.1, 2 & 3
D.1 & 3


9. In which year, the Forward Contracts (Regulation) Act was enacted in India?
A.1950
B.1952
C.1962
D. 1975


10. ______ is the rate of interest which is levied on Short-Term loans taken by commercial banks from RBI.
A. Bank Rate
B. Reverse Repo Rate
C. Base Rate
D. Repo Rate



11. ______ is the rate at which commercial banks charge on their surplus funds with RBI.
A. Repo Rate
B. Reverse Repo Rate
C. Interest Rate
D. Bank Rate



12. _________ is the amount a commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers.
A. SLR
B. CRR
C. Term Deposit Rate
D. Call Money



13. Reserve Bank of India was nationalized in:
A. 1946
B. 1947
C. 1948
D. 1949



14. _________ is the amount of cash funds that the banks have to maintain with RBI.
A. Mortgage Rate
B. Base Rate
C. Cash Reserve Ratio
D. None of the above



15. _________ is the rate of interest which is levied on Longt-Term loans and Avances taken by commercial banks from RBI
A. Fixed Interest Rate
B. Bank Rate
C. Fixed Deposit Rates
D. Repo Rate

No comments:

Post a Comment