Indian Banking and Finance
Questions about Indian banking sector, RBI policies, financial institutions, and economic indicators
Questions
Which bank is the oldest of the existing public sector banks in India?
- Allahabad Bank
- Central Bank of India
- ICICI Bank
- Bank of Baroda
- None of these
The Board of Industrial and Financial Reconstruction (BIFR) came into existence in the year
- 1984
- 1986
- 2002
- 1987
- 2000
Each depositor in a bank is insured for up to a maximum of Rs. ___________ for both prinicpal and interest amount.
- 4,00,000
- 3,00,000
- 1,00,000
- 2,00,000
- None of these
What is the rating given by the credit rating agency ICRA, for the highest safety, long term bonds?
- LAAA
- LAA
- LB
- AAA
- None of these
In MICR, middle three digits refer to ______
- city code
- country code
- branch code
- bank
- none of the above
Which of the following is true in context with Bharatiya Mahila Bank?
- Prime minister launched the mahila bank in Mumbai.
- Election commission allowed the Bharatiya Mahila Bank on 18th November, 2013.
- Bharatiya Mahila Bank was launched marking the birth anniversary of Indira Gandhi.
- Usha Ananthasubramanian was appointed as the first CMD of Bharatiya Mahila Bank (BMB).
- All of the above options are true.
Which of the following is/are called Presidency Bank(s)?
- Bank of Bengal
- Bank of Madras
- Bank of Bombay
- All of the above
- None of these
The Reserve Bank of India (RBI) on 6 November 2013 permitted the WOS of the foreign banks to acquire the domestic private sector banks. Which of the following is true with respect to WOS?
- The initial capital for WOS is 500 crores.
- WOS will be required to meet basel -3 requirements from day one
- For the first 3 years WOS should maintain tier -1 capital at 10 percent
- All of the above options are true
- None of these
Foreign Direct Investment (FDI) inflows into which sector declined by 47.5 percent to 1.19 billion US dollars during the April-August 2013 period?
- Agriculture sector
- IT sector
- Service sector
- Manufacturing sector
- None of these
Government introduced Risk Management System (RMS) for Trade Facilitation in Export Sector, for the Customs clearance of export goods at customs stations. Which of the following is not a custom station?
- Hyderabad
- Calcutta
- Delhi
- Mumbai
- Bangalore
For which state, did India sign a pact with World Bank, for Water Sector Restructuring Project?
- Maharashtra
- Karnataka
- Uttar Pradesh
- Madhya Pradesh
- Tamil Nadu
Which of the following departments releases the Wholesale price index report?
- Ministery of Financial service
- Office of economic adviser
- Ministry of Commerce
- Ministry of statistics
- Prime Ministers Office
RBI opened extended re-finance window of 5000 cr for
- SME
- MSME
- PSU
- SHGS
- None of these
Which of the following is not true with respect to Second Quarter Review of Monetary Policy 2013 - 14?
- MSF reduced by 25 basis points.
- Repo rate increased by 25 basis points from 7.5% to 7.75% with immediate effect.
- Cash Reserve Ratio (CRR) changed at 4% to 4.5%.
- The liquidity provided through term repos of 7-day and 14-day tenor has been increased from 0.25% of net demand and time liabilities (NDTL) of the banking system to 0.5% with immediate effect.
- RBI reduced FY14 GDP growth to 5% from 5.7%.
How many branches were opened by 31st March 2014 under Bharatiya Mahila Bank and where are the headquarters?
- 25 and Delhi
- 24 and Mumbai
- 26 and Mumbai
- 27 and Delhi
- 28 and Gujarat