Banking and Financial Awareness
Questions about banking institutions, monetary systems, financial instruments, and banking regulations in India
Questions
The committee to review Governance of Boards of Banks in India on 13th May 2014 submitted its report to Reserve Bank of India (RBI). The committee was headed by _________________________.
- Raghuram Rajan
- Sriram
- Arundhati Bhattacharya
- P. J. Nayak
- None of these
Which of the following is the definition of fiat money?
- The money that would have value even if it were not being used as money.
- The money that has no intrinsic value.
- The money that can be exchanged on demand for a specific commodity.
- The currency that is held in significant quantities by governments and institutions as a part of their foreign exchange reserves.
- None of these
Which committee recommended the Lead bank scheme?
- Usha thorat
- D.R. Gadgil
- S.R. Mittal
- Dr. N.L. Mitra
- A.L.Narasimhan
Who has been appointed on the Board of Governors of Asian Development Bank?
- Mukesh Ambani
- P. Chidambaram
- Raghuram Rajan
- Arun Jaitely
- None of these
Which account is maintained by a foreign bank in India with their corresponding bank?
- Vostro account
- Nostro account
- Savings account
- Debit account
- None of these
What is the significance of Liquidity Adjustment Fund?
- To ensure smooth transactions
- To keep pace with technology upgradation
- To know about the difference of total receipts and total expenditure
- Both (1) and (2)
- All of the above
What is the acronym of OLTAS?
- Online tax and accounting systems
- Online tax and advance systems
- Online trade and accounting systems
- Online tax and audit systems
- None of these
Which money is used for most liquid and easy transactions?
- M1
- M2
- M3
- M4
- None of these
Which of the following are the services provided to costumers by banks under financial inclusion?
- No-frills account
- Micro insurance
- Money transfer facilities
- Small loans and overdrafts
- All of the above
Which of the following is not a duration of T-Bill?
- 14 day bill
- 91 day bill
- 182 day bill
- 320 day bill
- 364 day bill
Which of the following is a contract which gives the right but no obligation to buy or sell the underlined at a certain price and date?
- Warrants
- Options
- Futures
- Forwards
- None of these
Recently, which bank was conferred with best Bank in BFSI Awards held by world HRD Congress in recognition of its performance in banking category?
- Bank of Maharastra
- SBH
- Andhra Bank
- Axis Bank
- None of these
Which of the following is/are the parameters that were followed by BCSBI for rating banks on customer service?
- Information dissemination
- Transparency
- Customer‐centricity
- Grievance redressal system
- All of the above
In case of dishonouring of cheque, a court can punish defaulter with a prison term of two years or fine which can be _______ the cheque amount.
- thrice
- four times
- twice
- six times
- None of these
India launched RuPay card. It was developed by ___________.
- NPCI
- IBRD
- NABARD
- RBI
- None of these