Dear BA’ians,
We hope all of you must be prepared by now for the most awaiting “Quiz” based on GK Power Capsule. As notified, topic of Quiz is based on “RBI Functions and Money/Capital Market” section from the Capsule.
So, lets come and start the 20-20 Quiz.
1. Who issues the One rupee note?
Answer: Central Govt.
Answer: Central Govt.
2. One rupee note is signed by _________ ?
Answer: Finance Secretary
Answer: Finance Secretary
3. Foreign exchange transactions under Foreign Exchange Management Act (FEMA) is regulated by _______ ?
Answer: RBI
Answer: RBI
4. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.Who is the first Governor of RBI?
Answer: Osborne Smith
Answer: Osborne Smith
5. What is the Current Repo rate and Reverse Rep Rate respectively?
Answer: 6.50% and 6.00%
Answer: 6.50% and 6.00%
6. WHat is the Minimum age to open a bank account?
Answer: 10 years
Answer: 10 years
7. Which rate is the short term borrowing rate at which RBI borrows money from banks?
Answer: Reverse Repo Rate
Answer: Reverse Repo Rate
8. Which committee decided that Banks can switch over to the base rate?
Answer: Deepak Mohanty committee
Answer: Deepak Mohanty committee
9. Government and it set up which Group in 1975. On the basis of this committee’s recommendations, a Regional Rural Banks Ordinance was promulgated in September 1975, which was replaced by the Regional Rural Banks Act 1976?
Answer: Narasimham Working Group
Answer: Narasimham Working Group
10. What is the maximum period for loan as per the scheme formulated by National Housing Bank (NHB)?
Answer: 15 years
Answer: 15 years
11. Financial markets for the buying and selling of long-term debt or equity-backed securities is called?
Answer: Capital Market
Answer: Capital Market
12. What is the period for Notice Money?
Answer: 2-14 days
Answer: 2-14 days
13. SARFAESI Act is an Indian law .It allows banks and other financial institution to auction residential or commercial properties to recover loans. In SARFAESI, F stands for?
Answer: Financial
Answer: Financial
14. Which securities are zero coupon securities?
Answer: Treasury bills
Answer: Treasury bills
15. What is the maximum tenure for Cash Management bills?
Answer. 91 days
Answer. 91 days
16. Which Bank has reported the largest net loss of Rs. 5,367.14 cr. for 4th quarter. This is the biggest quarterly loss?
Answer. Punjab National Bank
Answer. Punjab National Bank
17. What is the maximum tenure for Dated securities?
Answer: 91 days
Answer: 91 days
18. What we called bonds as issued for rupee-denominated borrowings by Indian entities in overseas markets?
Answer: Masala Bonds
Answer: Masala Bonds
19. What is the minimum amount of investment in Inflation indexed bonds?
Answer. Rs. 10,000
Answer. Rs. 10,000
20. Which market deals at Stock exchange?
Answer. Capital Market.
Answer. Capital Market.
All the very best dear BA’ians for SBI PO Mains!!