IBPS GK QUIZ

1.The major quantitative monetary tool available with the Central Bank is—
(a) Rationing of credit
(b) Regulation of consumer credit    
(c) Margin requirements    
(d) Reserve ratio requirements
(e) None of These

2.A ‘Stale’ cheque is one that is—
(a) Over six months old
(b) Converning an overdue payment
(b) Cancelled by the drawer
(d) Written on an account which is overdrawn
(e) None of These

3.Expand CASA, term used in banking?
a)Capital Account Savings Account
b)Current Analysis Savings Account
c)Cost Analysis Strategy Assessment
d)Current Account Savings Account

4.Who is the Chairman of the Committee on Comprehensive Regulation for Credit Rating Agencies (CRAs), set up by the Department of Economic Affairs, Ministry of Finance?
a)Kaushik Basu    b)K.P Krishnan  
c)A. Vasudevan    d)Rakesh Mohan
e)None

5.RBI approved the currency futures in ___________?
a)Euro   b)Pound
c)Yen     d)All the above  
e)none

6.How many Stock Exchanges are there in India?
a)2   b)3
c)21     d)23
e)none of these

7.Which of the following is not a Financial Institution ?
a)ICICI   b)IDBI
c)FICCI   d)IFCI
e)SIDBI

8.The rate at which banks lend money to the RBI is known as ?
a)Repo rate  
b)Reverse repo rate  
c)Call rate d)Bank rate  e)CRR.

9.Suppose Mr.X has borrowed a loan from a bank and failed to make interest or principal payment for 90 days,then the loan is considered as ________________ ?
a)Bank debt   b)Credit loan  c)Sub-prime lending
d)Non-perfoming assets
e)none

10.The Special Drawing Right(SDR) is an international Reserve Asset, created by _______?
a)World Bank   b)IMF
c)ADB   d)WTO
e)RBI

Answer
1-D           2-E            3-d          4-b           5-d  
6-d          7-c            8-b                 9-d          10-b