Banking Questions and Answers – Part1

1.The Business Correspondence Model being adopted by the banks provides Banking facilities to which of the following
1) Only Corporate borrowers
2) Only Weaker sections the so¬ciety and people of small vil¬lages
3) Only those who are taking housing loans
4) All (1), (2) and (3) above
5) None of these

2. Which of the following agencies/organizations in India maintains the Micro Finance Development and Equity Fund which was in news recently?
1) Confederation of Industries in India (CI1)
2) Indian Bank’s Association (IBA)
3) Small Industries Development Bank of India (SIDBI)
4) Reserve Bank of India (RBI)
5) National Bank for Agriculture and Rural Development (NABARD)

3. As per news in various newspapers ‘kfw’ Group released another installments of its financial aid to India, kfw is an organization/bank based in
1) France (2) Japan
2) Italy (4) China (5) Germany

4. Which of the following agencies/organizations has decided to make major changes for ULIPs ?
1) IRDA (2) RBI
3) AMFI (4) FRBI
5) None of these

5. Which of the following is NOT a financial term?
1) Ac id Test (2) Double FauIt
3) Gross Profit (4) Depreciation
5) Cash flow

6. In the terms of economics, the recession occurring two times with a small gap in between is known as
1) Double Deflation
2) Deflation
3) Deep Recession
4) Double Dip Recession
5) None of these

7. A consortium of commercial banks has joined hands to float a new company which will collect data related to frauds and security risks. Which of the following is the name of the company?
1) Loss Data Consortium
2) Customer Service Corporation
3) Bank net India Ltd.
4) Nu Tech Corporate Services Ltd.
5) None of these

8. As per newspaper reports the Bank of Japan, which is the Central Bank of the country, took special measures, first time in last six years to contain the rise in the value of Yen. Why did Japan had to take this special mea-sure which surprised many countries?
a) Japan was fearful that a ris¬ing currency would damage its export-led recovery plan.
b) It was one of the measures taken by Japan to come out of its economic setback it suf¬fered in the recent past.
c) Since the US Dollar has be¬came a Weak Global Curren¬cy, Japan wants the Yen to be recognized as the global currency in place of the US dollar.
1) Only (A) (2) Only (B)
3) Only (4) Only (A) and (B)
5) Only (B) and (C)

9. The Reserve Bank of India has set up a Working Group to review current operating procedure of monetary policy including ‘LAF’. What is full form of LAF’?
1) Liquid Assets and Funds
2) Liabilities and Funds
3) Liabilities Adjustment Finance
4) Liquidity and Finance
5) Liquidity Adjustment Facility

10. Which of the following organizations/agencies plays a major and crucial role to moderate & con¬trol inflation in a country?
a) Central Bank of the country
b) Stock Markets of the country
c) Planning Commission of the country
1) Only (B) (2) Only (A)
3) Both (A) and (B) (4) Both (B) and (C)
5) All (A), (B) and (C)

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