Banking GK with Special focus on Banking Current Affairs(GK Quiz - 174)

1. On what basis is the ad Volerom Tax levied?
[A]Volume
[B]Value
[C]Imports
[D]Exports


2. RBI is coming up with the concept of __________in order to protect banks against possible harmful effects arising from the operations of their non banking financial subsidiary
[A]Financial Holding Company
[B]Bank Holding Company
[C]Bureau of Credit Union
[D]Financial institution Audit Cell


3. RBI has introduced Marginal Standing Facility with the objective of-
[A]Controlling Inflation
[B]Controlling instability in Long term interbank states
[C]Containing instability in the overnight interbank rates
[D]All of the above


4. _________are the beneficiaries in the Reverse Mortgage Scheme
[A]Govt employees
[B]Senior Citizen
[C]Unemployed persons
[D]Persons of BPL category


5. RBI was nationalised in the year
[A]1949
[B]1952
[C]1955
[D]1964


6. When did the liberalised Exchange Rate Management System (LERMS) started in India?
[A]1990
[B]1996
[C]1992
[D]1998


7. National Income in India is estimated by
[A]NCAER
[B]Ministry of Statistics
[C]Central Statistical Office
[D]Ministry of Finance


8. The exchange rate is dependent upon 1. Govt policy 2. Demand and supply forces 3. Monetary policy objectives
[A]Only2
[B]2&3
[C]1, 2&3
[D]1&2


9. ________is the percentage of the total deposits of the bank which it has to keep itself in the form of liquid assets.
[A]Statutory Liquidity Ratio
[B]Cash Reserve Ratio
[C]Statutory Reserve Ratio
[D]Cash Ratio


10. Collateralised borrowing and Lending Options (CBLO) is a /an_________
[A]Money Market Instrument
[B]Instrument of Monetary Policy
[C]Type of risk cover
[D]Stock market instrument


11. Often we read in news paper that RBI has changed the Repo Rate and the Reverse Reverse Repo Rate by a few basis point?
[A]Ten % of one hundredth point
[B]One hundredth of 1%
[C]One tenth of 1 %
[D]Ten % of 100


12. Banks generally don’t pay interest deposited in which of the following accounts?
[A]Savings account
[B]Current account
[C]Fixed Deposit account
[D]None


13. ‘Fiat Money’ is defined as the money which is
[A]Accepted internationally
[B]Accepted temporarily in lieu of gold
[C]Issued by keeping gold and silver as deposit
[D]Decreed as money by the govt


14. Demand pull inflation can be caused by which of the following?
[A]A decline in consumption expenditure
[B]A sharp increase in lending rates
[C]A steep decline in income tax
[D]An increase in direct taxation


15. For obtaining which among the following does a customer not require a bank account?
[A]Loan
[B]Cheque
[C]Banker’s draft
[D]Credit card