#everydayquiz #30 Questions
51. Which among the
following committee constituted
on
Payment Banks license?
(A) Dr. Nachiket Mor (B) R. Gandhi
(C) Anand Sinha (D) Deepak
Mohanty
(E) None of these
Ans (A)Payment Banks
applicant applications are
analyzed and evaluated
by an External
Advisory
Committee (EAC). The
EAC Committee for
Payment
Banks is chaired
by Dr. Nachiket
Mor, Director,
Central Board of the Reserve Bank of India.
52. The Reserve Bank
has revised priority
sector lending
norms to ensure
a phased increase
in loans to
small
farmers. As per the new guidelines, credit to small and
marginal farmers should be at least how much per cent
of a bank's total credit by March 2017?
A. 5 percent B. 6 percent
C. 7 percent D. 8 percent
E. 9 percent
Ans (D) The Reserve Bank has
revised priority sector
lending norms to ensure a phased increase in loans to
small farmers, and
also made it
clear that smaller
foreign banks will have to meet the
40 percent target
over the next five years. As per
the new guidelines,
credit to small and marginal farmers should be at least
8 percent of a bank's total credit by March 2017.
53. The initial total committed resources of the Contingent
Reserve Arrangement (CRA)
shall be $100
billion in
BRICS Development Bank.
What is the
total
contribution of South Africa?
A. $18 billion B. $10 billion
C. $5 billion D. $41billion
E. None of these
Ans (C) In
BRICS Development Bank,
the initial total
committed resources of
the Contingent Reserve
Arrangement (CRA) is $100 billion, with the following
individual commitments: China – $ 41 billion; Brazil –
$18 billion; Russia – $18 billion; India – $18
billion
and South Africa – $5 billion.
54. With which of
the following is
SARFAESI Act 2002
related?
(1) Recovery of bad loans
(2) Regulation of foreign exchange
(3) Fixation of interest rates
(4) Acquisition of small banks
(5) None of these
Ans (1) The
Securitisation and Reconstruction of
Financial Assets and
Enforcement of Security
Interest
Act, 2002 (SARFAESI)
empowers Banks /
Financial
Institutions to recover
their non-performing assets
(bad loans) without the intervention of the Court.
55. Which among the
following bank has
tied up with
Chinese e-commerce giant
Alibaba to provide
easier
trade finance to small and medium enterprises (SMEs)
in the country?
(1) HDFC Bank (2) SBI Bank
(3) Canara Bank (4) ICICI Bank
(5) Axis Bank
Ans (4)In order to tap into the
booming e-commerce
market in India,
ICICI Bank, the
country’s largest
private sector lender,
has tied up
with Chinese ecommerce
giant Alibaba to
provide easier trade
finance to small and medium enterprises (SMEs) in the
country.
56. Who among the following is the head of the committee
constituted on the
controversial issue of
payment of
Minimum Alternate Tax (MAT) by foreign institutional
investors?
(1) Vijay Kelkar (2) SS
Ahluwallia
(3) RK Narayna (4) HD Devraj
(5) AP Shah
Ans (5) The
Justice AP Shah
committee looking into
the issue of levying minimum
alternate tax (MAT) on
foreign portfolio investors (FPI).
57. The govt scheme, which gives accidental death-cum-dis
ability cover of Rs two lakh to all the savings bank acco
unt holders in the age group of 18 to 70 years for a
premium of Rs 12 per annum, is
1) Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)
2) Pradhan Mantri Suraksha Bima Yojana (PMSBY)
3) Janashree Bima Yojana (JBY)
4) Aam Admi Bima Yojana (AABY)
5) None of these
Ans(2) Pradhan Mantri Suraksha Bima Yojana
(PMSBY) - Account holders between
18 years
(completed) and 70 years (age nearer birthday) who
give their consent to join / enable auto-debit, as per the
modality, will be enrolled into the scheme. Premium:
Rs. 12 per annum. Risk Coverage: Total coverage
(sum-insured) under the scheme is Rs. 2 Lakh.
58. What is the
full form of
the term NDTL,
as used in
banking environment?
(1) Net Demand and Term Liability
(2) Net Demand and Time Liability
(3) Net Demand and Term Liquidity
(4) Net Demand and Time Liquidity
(5) None of the above
Ans (2) NDTL full form is - Net
Demand and Time
Liability
It is a sum of demand and time liabilities (deposits)
of banks with
public and other
banks wherein assets
with other banks
is subtracted to
get net liability
of
other banks. Deposits
of banks are
its liability and
consist of demand
and time deposits
of public and
other banks.
59. Magnetic Ink Character Recognition (MICR) is a 9 digits
code is used mainly by the banking industry to ease the
processing and clearance
of cheques and
other
documents. The first three digits represent the _____.
(1) City (2) Bank
(3) Branch (4) State
(5) None of these
Ans (1) | Magnetic Ink Character Recognition Code
(MICR Code) is
a character-recognition technology
used mainly by
the banking industry
to ease the
processing and clearance
of cheques and
other
documents.
Note: MICR code
consists of 9
digits. First 3
digits
represent the city,
next 3 digits
represent the bank
and the last 3 digits represent the branch.
60. The implementation of Goods and Services Tax (GST) is
expected by
A. April 2016 B. January 2016
C. April 2017 D. March 2016
E. January 2017
Answer (A) |Implementation of
Goods and Services
Tax is expected by April 2016.
61. Global Rating Agency
Fitch has downgraded
Viability
Rating (VR) by
one notch to
'bb' of which among
the
following banks?
A. Bank of Baroda B. State Bank
of India
C. Punjab National Bank D. Canara
Bank
E. IDBI Bank
Answer (C) Fitch
on 2 September
2015, downgraded
Punjab National Bank’s
(PNB’s) viability rating
— a
parameter to measure
creditworthiness — by
a notch
to ‘bb’.
62. Union Cabinet approved
how much per
cent FDI in
white label ATMs through automatic route?
A. 100 percent B. 74 percent
C. 51 percent D. 49 percent
E. 25 percent
Answer (A) The
Union Cabinet on
9 September 2015
approved 100 percent
Foreign Direct Investment
(FDI) in white
label Automated Teller
Machines
(WLAs).
63. Central Statistical Office (CSO) released the estimates of
Gross Domestic Product
(GDP) for the
April-June
quarter of 2015.
As per the
estimates, India grew
by
how much per cent during the first quarter of the 2015-16 financial year?
A. 7.5 percent B. 7 percent
C. 8 percent D. 7.6 percent
E. 8. Percent
Answer (B) Central
Statistical Office (CSO)
on 31
August 2015 released the estimates of Gross Domestic
Product (GDP) for
the April-June quarter
of 2015. As
per the estimates, India grew by 7 percent during the
first quarter of the 2015-16 financial year.
64. Which of the
following countries decided
to end the
local currency by September 2015?
A. Ethiopia B. Kenya
C. Sudan D. Zimbabwe
E. Senegal
Answer (D) Zimbabwe
has decided to
end the local
currency (Zimbabwean Dollar)
by September 2015.
This is due to the fact that the Zimbabwean dollar has
become almost worthless.
65. What is the
name of the
platform launched by State
Bank of India
(SBI) that enables
customers to book
their foreign exchange transactions online?
A. SBI eforex B. SBI emoney
C. SBI eonline D. SBI eshare
E. SBI ebuddy
Answer (A) State
Bank of India
launched “SBI
eforex”, an internet-based platform
that enables
customers to book their foreign exchange transactions
online.
66. India has become
the second largest
player in the
China-led Asian infrastructure and
Investment Bank
(AIIB). What is
India’s stake in
the bank’s shares
in
AIIB?
A. 7.5% B. 8.52%
C. 20.06% D. 30.34%
E. 5.2%
Answer (B) Bank
share - China
has received a
30.34
percent stake in
the bank’s shares;
India and Russia
have 8.52 and 7.5 percent respectively. Voting share -India has
become the second
largest player in the
China-led Asian infrastructure and
Investment Bank
(AIIB), with a
7.5 percent voting
share, while China
and Russia gained
20.06 percent and
5.2%
respectively.
67. A savings as well as current account should be treated
as inoperative / dormant if there are no transactions in
the account for over a period of _____ years.
A. One B. Two
C. Three D. Four
E. Five
Answer (B) Dormant means inactive
and inoperative
means which is not being operated i.e. no transactions
have been undertaken
recently. In terms
of RBI
guidelines "A savings as well as current account should
be treated as
inoperative / dormant
if there are no
transactions in the
account for over
a period of two
years".
68. Reserve Bank of India (RBI) signed a Memorandum of
Understanding (MoU) with which country central bank
on Supervisory Cooperation
and Exchange of
Supervisory Information?
A. Nepal Rastra Bank (NRB)
B. Central Bank of Sri Lanka
C. Reserve Bank of Australia
D. Bangladesh Bank
E. Royal Monetary Authority of Bhutan
Answer (A) Reserve
Bank of India
(RBI) on signed
a
Memorandum of Understanding (MoU) with the Nepal
Rastra Bank (NRB)
on Supervisory Cooperation
and
Exchange of Supervisory Information.
69. According to the World Bank Report, which among the
following states has topped in ease of doing business in
India?
A. Maharashtra B. Gujarat
C. Andhra Pradesh D. Madhya
Pradesh
E. Tamil Nadu
Answer (B) Gujarat has been placed
to top position in
World Bank’s first ever ranking of
States on the ease
of doing business
in India. All
States were assessed
over a six-month period from January to June 2015 on
the basis of
percentage scores in
a 98-point reforms
agenda. Top 5
States: Gujarat (71.14%),
Andhra
Pradesh (70.12%), Jharkhand
(63.09%), Chhattisgarh
(62.45%) and Madhya Pradesh (62.00%).
70. In CDR, “R” stands for ____.
A. Ratio B. Receipt
C. Regulation D. Restructuring
E. Reserve
Answer (D) Corporate
Debt Restructuring (“CDR”)
mechanism is a
voluntary non statutory
mechanism
under which financial
institutions and banks
come
together to restructure
the debt of
companies facing
financial difficulties due to internal or external factors,
in order to provide timely support to such companies.
71. A measurement of a country’s trade in which the value
of goods and
services it imports
exceeds the value
of
goods and services it exports is known as _____.
A. Current Account Deficit B.
Revenue Deficit
C. Fiscal Deficit D. Capital
Account
E. Balance of Payments
Answer (A) Current Account Deficit - A measurement
of a country’s
trade in which
the value of
goods and
services it imports
exceeds the value
of goods and
services it exports.
72. The Bank for
International Settlements (BIS)
is the
world's oldest international
financial organization
established on 17 May 1930. The
mission of the BIS is
to serve central banks in their pursuit of monetary and
financial stability, to foster international cooperation in
those areas and to act as a bank for central banks. The
head office of BIS is located in ___.
A. Hong Kong B. Switzerland
C. China D. Mexico
E. Australia
Answer (B) The
Bank for International
Settlements
(BIS) is the
world's oldest international
financial
organization established on
17 May 1930.
The head
office is in Basel, Switzerland.
73. What is the minimum amount required to open a Fixed
Deposit (FD)?
A. Rs. 100 B. Rs. 500
C. Rs. 1000 D. Rs. 5000
E. No limit
Answer (C) A
fixed deposit (FD)
is also known
as
Term Deposit a financial instrument provided by banks
which provides investors with a higher rate of interest
than a regular savings account, until the given maturity
date. The minimum deposit amount required for the FD
account is Rs
1,000. There is
no fixed multiple
or
upper limit. FD can be opened for
a minimum period
of 7 days up to maximum period of 10 years.
74. What is the
maximum deposit amount
insured by the
Deposit Insurance and
Credit Guarantee Corporation
(DICGC)?
A. Rs. 10 lakh B.Rs. 5 lakh
C.Rs. 1 lakh D.Rs. 50,000
E. None
Answer (C) Deposit Insurance and Credit Guarantee
Corporation ( DICGC) is a subsidiary of Reserve Bank
of India. DICGC
insures all bank
deposits, such as
saving, fixed, current,
recurring deposits for
up to the
limit of Rs. 100,000 of each deposits in a bank
75. If one is
not satisfied with
the decision passed
by the
Banking Ombudsman, one
can approach the
appellate
authority to ____.
A. Concern Bank Branch Manager
B. Deputy Governor of the RBI
C. General Manager of Concern Bank
D. Finance Secretary
E. General Manager of RBI
Answer (B) If
one is not
satisfied with the
decision
passed by the Banking Ombudsman, one can approach
the appellate authority who is the Deputy Governor of
the RBI.
76. The Reserve Bank
of India recently
paid how much
amount of dividend
to the government,
which is
considered to be
the highest ever
dividend paid from
the central bank in its 80-year history, and 22% more
than it paid last year?
A. Rs. 33,010 crore B. Rs 66,000
crore
C. Rs. 25,020 crore D. Rs.
55,000 crore
E. None of these
Answer (B) The
Reserve Bank of
India paid a
dividend of nearly Rs 66,000 crore
to the government,
the highest ever
from the central
bank in its
80-year
history, and 22% more than it paid last year. On a point
to point basis,
RBI's dividend payment
to the
government is up
more than four
times in as
many
years.
77. The revised Financial
Sector Legislative Reforms
Commission (FSLRC) report which was released by the
Finance Ministry proposes
to subsume a
number of
existing sector specific financial regulators (SEBI, IRDA,
PFRDA, FMC) into a Unified Financial Authority (UFA).
FSLRC is headed by ____.
A. BN Srikrishna B. B. Sudershan
Reddy
C. A.K. Mathur D. A.K. Ganguly
E. B.S. Chauhan
Answer (A) Financial
Sector Legislative Reforms
Commission (FSLRC) was
set up by
the Indian
Government in pursuance
of the announcement
made
in Union Budget
2010-11, to help
rewriting and
harmonizing the financial
sector legislation, rules
and
regulations so as
to address the
contemporaneous
requirements of the sector. The Commission is chaired
by Supreme Court Justice (Retired) B. N. Srikrishna,
and had ten
members with expertise
in the fields
of
finance, economics, law and other relevant fields
78. National Investment and Infrastructure Fund (NIIF) is a
fund created by the Government of
India for enhancing
infrastructure financing in
the country. To be
operational by the
year end, the
headquarter of NIIF
will be located in ____.
A. Mumbai B. New Delhi
C. Bengaluru D. Chennai
E. Kolkata
Answer (A) NIIF,
proposed to be
set up as
a Trust,
would raise debt
to invest in
the equity of
infrastructure finance companies
such as Indian
Rail
Finance Corporation (IRFC)
and National Housing
Bank (NHB). The
idea is that
these infrastructure
finance companies can then leverage this extra equity,
manifold. In that sense, NIIF is a banker of the banker
of the banker.
79. The committee on
Urban Cooperative Bank
(UCB)
which is headed by R. Gandhi (Deputy Governor of RBI)
has recommended that
UCBs with business
size more
than ______ be
allowed to convert
into universal
commercial banks.
A. Rs. 20,000 cr B. Rs. 25, 000
cr
C. Rs. 50,000 cr D. Rs. 10,000
cr
E. Rs. 5,000 cr
Answer (A) To overhaul
and strengthen the
urban
cooperative bank (UCB)
structure, an internal
committee of the
Reserve Bank of
India (RBI) chaired
by deputy governor R Gandhi has
recommended that
UCBs with business size more than Rs 20,000 crore be
allowed to convert into universal commercial banks
while those with
a lower size
be converted to
small
finance banks.
80. The Global Investor Meet 2015 held in ____.
A. New Delhi B. Mumbai
C. Bengaluru D. Chennai
E. Ahmedabad
Answer (D) The
Global Investors Meet
(GIM 2015)
was on 10 September 2015 held in Tamil Nadu to woo
investors to invest
in the state.
The GIM 2015
was
officially inaugurated by
Tamil Nadu Chief
Minister J
Jayalalithaa at the Chennai Trade Centre
#SSC #IBPS #SBI #RBI #NABARD #NICL #NIACL #CAT #NMAT #everydayquiz
great work.....sir
ReplyDeletethanx