Friday, 6 November 2015

Banking Awareness Quiz : 04

1) In 1982, the rural planning and credit cell (RPCC) of reserve bank of India was merged in which of the following banks?
(c) IDBI
(d) RRBs
(e) None of these

2) Why reserve bank of India is called custodian of foreign balances of the country?
(a) because government delegates RBI to redistribute the foreign currencies in India
(b) because RBI maintains both gold and foreign currencies  as reserves against note issues
(c) because RBI is delegated by the Government to absorb all the foreign currency in India
(d) 2 and 3
(e) None of the above

3) from time – to – time, which among the following body publishes the “exchange control Manual” in context with the foreign exchange in India?
(a) foreign trade promotion board
(b) department of commerce
(c) reserve bank of India
(d) SEBI
(e) None of the above

4) what do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?
(a) bill of exchange
(b) letter of exchange
(c) letter of credit
(d) bill of country
(e) None of these

5) Many insurance companies now – a – days sell the unit linked plans that safeguard the investment of the customer from market fluctuations, so that investments are protected in financially volatile times. The return in these policies are based upon the highest NAV. What does the NAV refer to?
(a) nil asset variation
(b) net asset variation
(c) net asset value
(d) new asset value
(e) None of these

6) which among the following duties is applied by a Government to control the exports of commodity, so that the commodity can be used by the local markets than in foreign countries?
(a) customs duty
(b) excise duty
(c) anti dumping duty
(d) dumping duty
(e) import duty

7) which of the following is the largest (in terms of profit) public sector organization in India?
(a) Bharat petroleum corporation Ltd.
(b) steel authority of India
(c) Indian oil corporation
(d) oil and natural gas commission
(e) Hindustan petroleum corporation Ltd.

8) which among the following body authorizes the credit limit to the national cooperative marketing federation?
(a) reserve bank of India
(b) department of agriculture
(d) department of finance
(e) None of these

9) mutual funds are regulated in India by which among the following?
(a) RBI
(b) SEBI
(c) stock exchange
(d) RBI and SEBI
(e) None of these

10) what is the validity period of the kisan credit card?
(a) 2 years
(b) 3 years
(c) 4 years
(d) 5 years
(e) 6 years

Read more Banking Awareness MCQs for IBPS PO and IBPS Clerk Exams

No comments:

Post a Comment