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Thursday, 17 August 2017

Banking Awareness Quiz | 17 - 08 - 17

Mahendra Guru : Online Videos For Govt. Exams


Banking Awareness Quiz | 15 - 08 - 17



Q.1. An IDR (Indian Depository Receipt) is –

(A) An instrument of monetary policy used by RBI

(B) A deposit account with a depository in India

(C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

(D) An instrument in the form of deposit receipt issued by an Indian depository.

Q.2. 'MAT' is an acronym which stands for –

(A) Maximum Alternate Tax

(B) Minimum Alternate Tax

(C) Minimum Affordable Tax

(D) Maximum Affordable Tax

Q.3. Which among the below mentioned is/are dealt by the Indian Capital Market?

1. Short-term funds 2. Medium-term funds 3. Long-term funds

(A) 1 and 2 

(B) 2 and 3

(C) 1 and 3

(D) 1, 2 and 3

Q.4. Hypothecation is applicable in the case of –

(A) Movable goods

(B) Immovable property

(C) Book debts

(D) Corporate guarantee

Q.5. A company which pools money from investors and invests in stocks, bonds, shares is called -

(A) A bank

(B) An insurance company

(C) Bancassurance

(D) Mutual Fund 

Q.6. Securitisation is a process of acquiring the loans classified as –

(A) Book debts

(B) Performing debts

(C) Bad debts

(D) Non-performing debts

Q.7. The regulator for Mutual Funds in India is:

(A) FIMMDA

(B) AMFI

(C) RBI

(D) SEBI

Q.8. Reserve Bank of India's functions are classified into:

(A) Supervisory & Regulatory

(B) Promotional & Developmental

(C) Refinance Activities

(D) All of the above

Q.9. Sec----- of RBI Act, 1934 gives sole power to RBI to issue currency notes

(A) 10

(B) 18

(C) 22

(D) 26

Q.10. KYC means

(A) Know Your Customer very well

(B) Know Your existing Customer Very well

(C) Know Your prospective Customer very well

(D) Satisfy yourselves about the customer's identity and activities.

    Answer:        

(C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

(B) Minimum Alternate Tax

(B) 2 and 3

(A) Movable goods

(D) Mutual Fund

(D) Non performing debts

(D) SEBI

(D) All of the above

(C) 22

(D) Satisfy yourselves about the customer's identity and activities.

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