Static GK Quiz Set – 61

1. When did the Government of India appoint a committee under the chairmanship of Shri M. Narasimham to strengthen the banking system?

(a) May, 2006

(b) April, 1998

(c) December, 1997

(d) September, 2005

(e) None of these

2. When was the Export Credit Guarantee Corporation of India established?

(a) 1938

(b) 1957

(c) 1973

(d) 1971

(e) None of these

3. When was the Insurance Regulatory and

Development Authority constituted?

(a) 1938

(b) 1971

(c) 1993

(d) 1999

(e) None of these

4. Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?

(a) Amortization

(b) Moratorium

(c) Subvention

(d) Mortagerer

(e) None of these

5. When did the Government of India set up the Export-Import Bank of India?

(a) January, 1982

(b) January, 1993

(c) March, 1971

(d) June, 1969

(e) None of these

6. What does RBI regulate through Open Market Operation Transactions?

(a) Flow of Foreign Direct Investment

(b) Borrowing powers of the banks

(c) Inflation

(d) Liquidity in economy

(e) None of these

7. With whom does the ownership of Public sector banks rest?

(a) Jointly with Government of India and share-holders from the public

(b) Wholly with Government of India

(c) Jointly with Government of India and State Bank of Ind

(d) Jointly with Government of India and Reserve Bank of India

(e) None of these

8. Which is the instrument used by RBI under general credit control?

(a) CRR

(b) SLR

(c) Exchange Control

(d) Bank Rate

(e) None of these

9. When was the first Land Mortgage Bank established?

(a) 1925

(b) 1931

(c) 1920

(d) 1935

(e) None of these

10. What is the full form of FIMMDA?

(a) Fixed Income Money Markets & Derivatives Association

(b) Foreign Income Money Markets & Derivatives Association

(c) Floating Income Money Markets & Derivatives Association

(d) Fixed Income Money Markets & Derivatives Affiliation

(e) None of these