Friday, 31 March 2017

QUIZ:BANKING

1.The letter ‘R’ denotes which word in the term IFRS?
A. Restructuring
B. Reporting
C. Recognizing
D. Remote
E. Reduction

International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.

2.In India, which of the following agency is responsible for announcing the Foreign Trade Policy?
A.RBI
B.EXIM-Bank
C.Foreign Ministry
D.Ministry of Commerce and Industry
E.None Of these


3.What is the maximum limit for housing loans under priority sector in metropolitan cities?
A. 35 lakh
B. 40 lakh
C. 45 lakh
D. 55 lakh
E. 25 lakh

Loans to individuals up to Rs.28 lakh in metropolitan centres and does not exceed Rs.35 lakh.

4.DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP?
A. Department of Industry Policy and Promotion
B. Department of Innovation Policy and Promotion
C. Department of Industrial Policy and Promotion
D. Department of Industrial Policy and Partnership
E.None Of these

It is working under the Ministry of Commerce and Industry, Government of India. This department is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.

5.__________ are certificates issued by banks that have overreached their priority sector lending targets.
A. Commercial Papers
B. Certificate of Deposits
C. Treasury Bills
D. Priority Sector Lending Certificates
E.None Of these

6.Which one of the following is/are implication(s) of large inflow of foreign exchange into the country? 
I. It makes monetary management difficult for RBI. 
II.It creates money supply, asset bubbles and inflation. 
III.It weakens the competitiveness of Indian exports.
A.Only I
B.Only II
C.Only III
D.All of the above
E.None Of these

7.___________ is usually used to stabilize the value of a currency.
A. Fixed Currency
B. Currency Peg
C. Currency War
D. Currency exchange
E.None Of these

When a country has a pegged currency it typically means that the country wants to maintain a steady exchange rate to help build stable trade relations. If a country’s currency is constantly fluctuating relative to major currencies, it discourages potential trade partners who are worried about unfavorable changes in exchange rates. For example, oil-rich countries like Saudi Arabia and Venezuela have their currencies pegged to the US dollar as the US is a major oil importer (Dollarization).

8.Fixed Interest Government Securities traded on Stock Exchanges do not include Treasury bills are known as 
A. Collateral Security
B. Equity Securities
C. Gilt Edged Securities
D. Foreign Securities
E.None Of these

9.A bank which is not included in second schedule and is not eligible for loan from RBI is called as _________.
A. Scheduled Bank
B. Non-Scheduled Bank
C. SBI
D. None of these

10.What is the full form of MSS?
A.Money Stabilization Scheme
B.Market Stabilization Scheme
C.Maturity and Standardization Service
D.Money Stabilization Service
E.None Of these