Thursday, 16 May 2013

BANKING QUIZ

1.    Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within ‘general’ or ‘quantitative’ methods of credit control?
(1) Stipulation of certain minimum margin in respect of advance against specified commodities
(2) Open market operations
(3) Bank rate
(4) Variable reserve requirement
(5) None of these

2.    The term ‘BSR’ refers to:
(1) Bank’s Selling Rate
(2) Basic Statistical Returns
(3) Annual returns submitted by banks to RBI in respect of priority sector advances
(4) Quarterly statement of advances to agriculture
(5) None of the above

3.    Participatory Notes (PNs) are associated with which one of the following?
(1) Consolidated Fund of India
(2) Foreign Direct Investors
(3) Foreign Institutional Investors
(4) United Nations Development Programme
(5) None of these

4.    Interest on savings bank account is now calculated by banks on:
(1) Minimum balance during the month
(2) Minimum balance from 7th to the last day of the month
(3) Minimum balance from 10th to last day of the month
(4) Maximum balance during the month
(5) Daily product basis

5.    Devaluation means:
(1) To reduce the value of home currency
(2) To appreciate the value of home currency
(3) To issue new currency in place of old currency
(4) To lower the prices of goods for export
(5) None of these

6.    Increase in net RBI credit for central government represents:
(1) Budgetary deficit
(2) Revenue deficit
(3) Fiscal deficit
(4) Monetised deficit
(5) None of these

7.    A country is said to be in a debt trap if:
(1) It has to borrow to make interest payments on outstanding loans
(2) It has to borrow to make interest payments on standing loans
(3) It has been refused loans or aid by creditors abroad
(4) The World Bank charges a very high rate of interest on outstanding as well as new loans
(5) None of these 

8.    Bank Rate implies the rate of interest:
(1) Paid by the Reserve Bank of India on the deposits of commercial banks
(2) Charged by banks on loans and advances
(3) Payable on bonds
(4) At which the Reserve Bank of India discounts the Bills of Exchange
(5) None of these

9.    Recently Reserve Bank of India projected a GDP growth for 2013-14 at _____?
(1) 6.7%                (2) 5.7%                     
(3) 5.4%                (4) 6.1%                     
(5) None of these

10.  According to recent Reserve Bank of India (RBI) guidelines for new bank licenses, how much per cent should a new banks have to set up of its branches in unbanked rural areas.
(1) 49%                             (2) 15%          
(3) 25%                             (4) 20%                      
(5) 35%


Answers:
1
1
6
4
2
2
7
2
3
3
8
4
4
5
9
2
5
1
10
3

13 comments:

Anonymous said...

Good post... thank u sir...

Anonymous said...

Good Banking questions....Thanks.....

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Anonymous said...

Thanks.

Anonymous said...

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Anonymous said...

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Uma Devi said...

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Anonymous said...

Thank you sir

saidulu gattigorla said...

good post thanks u sir...

Anonymous said...

Pls provide gk capsule for RBI assistants exam

Anonymous said...

nice question

abhishek gupta said...

some answers are wrong.......

dharmendra said...

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