BANKING QUIZ :- (Y) (Y) (Y) ******************** 1.Which of the following instruments of credit control adopted by theReserve Bank of India(RBI) does not fall within ‘general’ or ‘quantitative’ methods of credit control? (1) Stipulation of certain minimum margin in respect of advance against specified commodities (2) Open market operations (3) Bank rate (4) Variable reserve requirement (5) None of these Ans-1 2.The term ‘BSR’ refers to: (1) Bank’s Selling Rate (2) Basic Statistical Returns (3) Annual returns submitted by banks to RBI in respect of priority sector advances (4) Quarterly statement of advances to agriculture (5) None of the above Ans-2 3.Participatory Notes (PNs) are associated with which one of the following? (1) Consolidated Fund of India (2) Foreign Direct Investors (3)Foreign Institutional Investors (4) United Nations Development Programme (5) None of these Ans-3 4.Interest on savings bank accountis now calculated by banks on: (1) Minimumbalanceduring the month (2) Minimumbalancefrom 7th to the last day of the month (3) Minimumbalancefrom 10th to last day of the month (4) Maximumbalanceduring the month (5) Daily product basis Ans-5 5.Devaluation means: (1) To reduce the value of home currency (2) To appreciate the value of home currency (3) To issue new currency in place of old currency (4) To lower the prices of goods for export (5) None of these Ans-1 6.Increase in net RBI credit for central government represents: (1) Budgetary deficit (2) Revenue deficit (3) Fiscal deficit (4) Monetised deficit (5) None of these Ans-4 7.A country is said to be in a debt trap if: (1) It has to borrow to makeinterest paymentson outstanding loans (2) It has to borrow to makeinterest paymentson standing loans (3) It has been refused loans or aid by creditors abroad (4) The World Bank charges a very high rate of interest on outstanding as well as new loans (5) None of these Ans-2 8.Bank Rateimplies therate of interest: (1) Paid by theReserve Bank of Indiaon the deposits of commercial banks (2) Charged by banks on loans and advances (3) Payable on bonds (4) At which theReserve Bank of India discounts the Bills of Exchange (5) None of these Ans-4 9.Recently Reserve Bank of India projected a GDP growth for 2013-14 at _____? (1) 6.7% (2) 5.7% (3) 5.4% (4) 6.1% (5) None of these Ans-2 10.According to recent Reserve Bank of India (RBI) guidelines for new bank licenses, how much per cent should a new banks have to set up of its branches in unbanked rural areas. (1) 49% (2)15% (3) 25% (4)20% (5) 35% Ans-3 ******************************************* Stay Tuned with - IBPS Examination for More Updates.
Posted on: Fri, 07 Feb 2014 13:47:24 +0000
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