Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs -29

1. As per agreement on Monetary policy frame work between GOI and RBI which of the following are true?
1. Once in every six months, RBI should publish document related to forecasts of inflation for the period between 6 to 18 months
2. RBI has to surrender certain powers to GOI as part of inflation targeting
3. CPI-C inflation is considered for inflation targeting by RBI
4. The aim is to bring inflation below 6%

(a) 1, 2, 4
(b) 1, 3, 4
(c) 1, 2, 3
(d) All the above

2. Consider the following statements:
1. Payment bank cannot issue credit cards
2. There is a limit on maximum balance of individual customer in payment bank
3. SLR requirements for payment banks and small banks is less than commercial banks
4. Priority sector lending up to 40% is mandatory for both private banks and small banks
(a) 1, 2, 4 correct
(b) 3, 4 correct
(c) 1, 2 correct
(d) 1, 3, 4 correct

3. Consider the following statements:
1. There is no Universal Banking practice in India
2. Universal Banking leads to loss in specialization
3. NBFCs are also called as Shadow banks

(a) 1, 2 correct
(b) 2, 3 correct
(c) 1, 3 correct
(d) All the above

4. Decrease in cash reserve ratio might lead to
1. Increase in credit creation
2. Decrease in M3
3. Increase in M3 / M0
4. Increase in interest rate

(a) 1, 2, 3
(b) 2, 3, 4
(c) 1, 3
(d) 1, 2, 4

5. Which one of the following is emerged as a major instrument of Monetary Policy in the Indian Economy?
(a) Liquidity Adjustment Facility
(b) Commercial Papers
(c) Treasury Bills
(d) None of the above

6. Which of the following is/are correct regarding banking in India?
1. Capital Adequacy Ratio is determined by RBI
2. RBI determines the savings rate of Interest
3. RBI imposes fine at bank rate on banks if they do not maintain
reserve requirements as specified by RBI

(a) Only 1
(b) Only 2
(c) Only 3
(d) 2, 3

7. Which one of the following is part of Capital Market in Indian Economy?
(a) Gilt edge market
(b) Stock Exchange
(c) Mutual funds
(d) Call money market

8. Zero Coupon Bond means
(a) Securities on which no interest rate is paid and the issuer only pays the Face value
(b) Bond issued against unsecured asset
(c) A convertible debenture
(d) Security issued at a very low interest rate

9. In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?
(a) Commercial Banks
(b) Cooperative Banks
(c) Regional Rural Banks
(d) Microfinance Institutions

10. ‘Base Rate’ is a banking term. The Base Rate s determined by
(a) RBI
(b) Commercial Bank
(c) Finance Ministry
(d) Loan Recipient

11. The foundation for induction of computer technology in the Indian banking system was laid with the recommendations of which of the following committees?
(a) Abid Hussain Committee
(b) Deepak Parekh Committee
(c) Rangarajan Committee
(d) Narsimham Committee

12. Which among the following committee has suggested a common national; examination with weight age to the State Board results normalized on the basis of percentile formula for admission to engineering institutions?
(a) Suresh Tandon Committee
(b) T. Ramasami Committee
(c) Rajendra Kumar Committee
(d) Dharam Paul Committee

13. Which among the following committee is related with the issues and concerns in the Non-banking financial Companies (NBFCs) sector?
(a) Ragu Ram Committee
(b) Usha Thorat Comiittee
(c) Shome Committee
(d) Tarapore Committee

14. In the context of the 12th five year plan, Planning Commission has set up committee to recommend detail mythology for identification of BPL families in Urban areas?
(a) R.Puri Committee
(b) Tendulkar Committee
(c) S.R. Hashim Committee
(d) Chaturvedi Committee

15. Who among the following is the head of the expert committee on Streamlining Short-term Co-operative Structure in India?
(a) MB Shah Committee
(b) P Kotaiah
(c) Prakash Bakshi
(d) R K Singh

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