1. Under which section of RBI Act, 1934 has the Cash Reserve Ratio been defined?
1. 41(1)
2. 42(1)
3. 43(1)
4. 44(1)
5. 45(1)
Answer – 2
2. How many directors are nominated by the Union Government to the Central Board of RBI?
1. 10
2. 11
3. 12
4. 13
5. 14
Answer – 3
3. What is the Minimum Daily maintenance % of CRR?
1. 90%
2. 92%
3. 95%
4. 98%
5. 100%
Answer – 1
4. Which of the following is true about CBLO?
A. It stands for Collateralised Borrower and Lending Obligation
B. It is a money market instrument
C. It is a discounted instrument available in electronic book entry form for the maturity period ranging from 1 to 91 days
D. It is operated by Competition Commission of India
1. A,B and C is Correct
2. B,C and D is Correct
3. Only B is Correct
4. Only A is Correct
5. Only C is Correct
Answer – 4
5. If a Mutual Fund is colour coded Yellow, what is the medium of Risk?
1. No Risk
2. Low Risk
3. Medium Risk
4. High Risk
5. Junk status
Answer – 3
6. In regards to BASEL II Norms which of the following is “not” a part of Pillar I – Minimum Capital Requirements –
A. Standardized Approach
B. Internal Ratings Approach
C. Securitisation Framework
D. Liquidity Risk
E. Market Risk
1. Only A and B
2. Only D
3. ONLY D and E
4. ONLY E
5. All Of These
Answer – 2
7. Which of the following is related to PANAMA PAPER LEAKS?
A. Mossack Fonseca, a Panama based firm was accused of opening Shell companies
B. Süddeutsche Zeitung, a German based newspaper was instrumental in the leaks.
C. International Consortium of Investigative Journalists (ICIJ) was given the task to go through the papers.
1. A and B are Correct
2. Only A is Correct
3. A and C are Correct
4. B and C are Correct
5. All are Correct
Answer – 5
8. Under the Negotiable Instruments Act, 1881 Endorsement is defined in which section?
1. 15
2. 18
3. 19
4. 20
5. 21
Answer – 1
9. Education Loans granted to individuals for educational purposes up to rupees _____ for studies in India.
1. 7.5 lakhs
2. 10 lakhs
3. 15 lakhs
4. 20 lakhs
5. 25 lakhs
Answer – 2
10. Who has topped the Time’s poll of 100 most influential people?
1. Aung San Suu Kyi
2. Narendra Modi
3. Bernie Sanders
4. Hillary Clinton
5. Arvind Kejriwal
Answer – 3
