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Banking & monetary policy

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Number of Questions: 15
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Who is the head of the committee recently appointed by RBI to scrutinise applications for new bank licenses?

  1. Usha Throat

  2. C.B. Bhave

  3. Bimal Jalan

  4. Raghuram Rajan

  5. None of these


Correct Option: C
Explanation:

Yes, it is the correct choice. Bimal Jalan is the head of the committee who scrutinise the applications of the new bank licenses.

Who was appointed as chief executive of Indian Banks Association? (December, 2013)

  1. M.V. Tanksale

  2. K. V. Kamath

  3. U.K. Sinha

  4. Dr. Manmohan Singh

  5. N.K. Sodhi


Correct Option: A
Explanation:

Yes, it is the correct choice. M.V. Tanksale is the new CEO of IBA.

Which type of budget is prepared by the ministries dealing with development activities?

  1. Balanced budget

  2. Revenue budget

  3. Receipts budget

  4. Performance budget

  5. Zero based budget


Correct Option: D
Explanation:

Yes, it's the correct choice. Performance budget is prepared by all the ministries dealing with development activities.

In CAMEL type of banking rating system, what does M stand for?

  1. Mortagage

  2. Money

  3. Management

  4. Market

  5. None of these


Correct Option: C
Explanation:

Yes, it is the correct choice. In CAMEL rating, M stands for management. 

What is the fifth number in any IFSC code system?

  1. 6

  2. 5

  3. 4

  4. 0

  5. None of these


Correct Option: D
Explanation:

Yes, it is correct choice. The fifth number in any IFSC code system indicates 0.

India will surpass which country as the biggest importer of goods needed for infrastructure projects by 2020, according to the trade forecast report released by HSBC?

  1. USA

  2. China

  3. Japan

  4. Russia

  5. Jakarta


Correct Option: A
Explanation:

Yes, it is the correct choice. India will surpass USA and emerge as the biggest importer of goods needed for infrastructure projects by 2020.

Who introduced the concept of SEBI's corporate governance code?

  1. Kumarmangalam

  2. Ratan Tata

  3. Laxmi Mittal

  4. Mukesh Ambani

  5. Dr. Manmohan Singh


Correct Option: A
Explanation:

Yes, it is correct choice. Kumarmangalam introduced the concept of SEBI corporate governance code.

Ranga Rajan was appointed as the head of which committee?

  1. Banking regulations

  2. BPLR

  3. Financial inclusion

  4. New urban coopertive banks licences

  5. None of the above


Correct Option: C
Explanation:

Yes, it is the correct choice. Ranga Rajan is the head of Financial inclusion committee. 

Who is the President of standard and poor credit rating services?

  1. Mukesh Ambani

  2. Neeraj Sahai

  3. Yogesh Malik

  4. Rajeev Rushi

  5. None of these


Correct Option: B
Explanation:

It is the correct choice. 

Which of the following is true in respect to narrow banking?

  1. Banks in India partially implement narrow banking.

  2. There is rarely a problem of ALM.

  3. It helps banks to reduce their NPA.

  4. All of the above

  5. None of these


Correct Option: D
Explanation:

Yes, it is the correct choice. 

Which of the following taxes is/are levied by state governments?

  1. VAT

  2. Stamp duty

  3. State excise

  4. Land revenue

  5. All of the above


Correct Option: E
Explanation:

Yes, all the above options are true. 

Which of the following is/are the money market instrument(s)?

  1. Treasury bills

  2. Commercial paper

  3. Certificate of deposit

  4. All of the above options

  5. None of these


Correct Option: D
Explanation:

Yes, it's correct choice. CD, treasury bills, and commericial paper are types of money market instrument.

As per Coinage Act, coins can be issued for up to how much denomination?

  1. Rs. 5

  2. Rs. 100

  3. Re. 1

  4. Rs. 1000

  5. Rs. 10


Correct Option: D
Explanation:

Yes, this is the correct choice.

Banks offer a loan to purchase white goods. What is this loan called?

  1. Consumer durables loan

  2. Education loan

  3. White loan

  4. Consumer Personnel loan

  5. None of the above


Correct Option: A
Explanation:

Yes, it is the correct choice. Consumer durables loan is meant for purchasing white goods.

Which of the following is the first Indian bank to open a branch outside India?

  1. SBI

  2. Bank of India

  3. Bank of Baroda

  4. ICICI Bank

  5. HDFC


Correct Option: B
Explanation:

Yes, it is the correct choice. Bank of India is the first bank to open a branch outside India.

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