Some Banking Questions

Q1. High-powered money is produced by?
(a) Commercial Banks
(b) Co-operative Banks
(c) Ministry of Finance
(d) Reserve Bank of India

Q2. Which of the following Indian Act has been replaced by the enactment of FEMA in 1999?
(a) FERA
(b) Indian Copyright Act
(c) Indian Patent Act
(d) Both (b) and (C)

Q3. VAT is imposed on.........?
(a) Directly on consumer
(b) On all stages between production and final stage
(c) On first stage of production
(d) On final stage of production

Q4. Increase in net RBI credit for Central Government represents?
(a) Monetised Deficit
(b) Fiscal Deficit
(c) Revenue Deficit
(d) Budgetary Deficit

Q5. What is ‘Hawala’?
(a) Illegal transactions of foreign exchange
(b) Full details of a subject
(c) Illegal trading of shares
(d) Tax evasion

Q6. ‘Closed Economy’ is that economy in which ............?
(a) Neither export nor import takes place
(b) Deficit financing takes place
(c) Only export takes place
(d) None of the above

Q7. The SDR was created by the IMF in ____________ as a supplementary international reserve asset, in the context of the Bretton Woods fixed exchange rate system.
(a) 1945
(b) 1969
(c) 1980
(d) 1991

Q8. The headquarters of SIDBI is in?
(a) Lucknow
(b) New Delhi
(c) Mumbai
(d) None of the above

Q9. LIC of India was established in?
(a) 1897
(b) 1956
(c) 1970
(d) 1965

Q10. 2nd Narasimham Committee Report relates to?
(a) Insurance Sector Reform
(b) Banking Sector Reform
(c) Agricultural Sector Reform
(d) Industrial Sector Reform

Q11. Where is the headquarter of Federal Bank?
a) Kochi
b) Mumbai
c) New Delhi
d) Bengaluru

Q12. Which private sector bank was earlier known as UTI Bank?
a) Axis Bank
b) ICICI Bank
c) HDFC Bank
d) Yes Bank

Q13. The rural co-operatives are further divided into short-term and long-term structures. The short-term cooperative banks are tiered operating in different states. These are........?
a) State Co-operative Banks
b) District Central Co-operative Banks
c) Primary Agricultural Credit Societies
d) All of the above

Q14. Co-operative banks are registered with...?
a) Reserve Bank of India
b) Union Government
c) Registrar of Cooperative Societies (RCS)
d) None of the above

Q15. Apna Sahakari Bank Ltd is located at?
a) Bhopal, Madhya Pradesh
b) Kolkata, West Bengal
c) Lucknow, Uttar Pradesh
d) Mumbai, Maharashtra

Q16. In the Money market operations, the item widely accepted is?
(a) Inter Bank Participation Certificates
(b) Certificate of Deposits
(c) Treasury Bills
(d) None of the above

Q17. MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India. What is the full form of 'MUDRA'?
a) Micro and Universal Development Refinance Agency
b) Micro Units Development and Refinance Agency
c) Micro-finance Units Development and Regulation Agency
d) Micro Units Development and Regulation Agency

Q18. What amount of corpus is allocated to set up MUDRA Bank?
a) Rs. 20,000 crore
b) Rs. 25,000 crore
c) Rs. 3,000 crore
d) Rs. 3,500 crore

Q19. What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises by March 2017?
a) 10 %
b) 7.5 %
c) 8.5 %
d) 9.5 %

Q20. MUDRA Bank as a wholly owned subsidiary of which institutions?
a) Non-Banking Financial Companies (NBFCs)
b) Commercial Banks
c) Micro Finance Institutions (MFIs)

d) Small  Industries Development Bank of  India (SIDBI)