Banking Awareness Quiz : Set 85

Q.1) Repo rate is a ___________ loan?

(a) Long term

(b) Short term

(c) Medium term

(d) Reverse term

(e) None of these

Q.2) LAF is a tool used by RBI to control _______ liquidity (money supply) in the market.

(a) Long term

(b) Short term

(c) Medium term

(d) Reverse term

(e) None of these

Q.3) Which committee recommends the LAF?

(a) Dr. NachiketMor

(b) SS Ahluwalia

(c) Narasimham

(d) Anil Baijal

(e) Hilton young

Q.4) In LAF money transaction is done via________

(a) NEFT

(b) RTGS

(c) IMPS

(d) Internet banking

(e) None of these

Q.5) Minimum bidding amount for MSF is___________

(a) 1Crore

(b) 2Crore

(c) 5Crore

(d) 3Crore

(e) 10Crore

Q.6) Who among the following can bid for MSF in RBI?

(a) Scheduled banks

(b) Non-Scheduled banks

(c) Both (a) and b

(d) Scheduled Commercial banks

(e) Co-operative banks

Q.7) The RBI is required to maintain a reserve equivalent of_______

(a) 200crores

(b) 500crores

(c) 100crores

(d) 300crores

(e) 250crores

Q.8) No frill account is recommended by_____

(a) H. R. Khan

(b) R. Gandhi

(c) Urijitpatel

(d) Vijay kelkar

(e) None of these

Q.9) Only women’s bank recommend by_____

(a) MBN Rao

(b) R. Gandhi

(c) Urijitpatel

(d) Vijay kelkar

(e) None of these

Q.10) Nowadays we frequently read news items about “Derivatives” as used in the world of finance and money market. Which of the following statement(s) correctly describes what a derivative is and how it affects money/finance markets?

1. Derivatives enable individuals and companies to insure themselves against financial risk. II. Derivatives are like fixed deposits in a bank and are the safest way to invest one’s idle money lying in a bank.

III. Derivatives are the financial instruments which were used in India even during the British Raj.

(a) Only III

(b) Only II

(c) Only I

(d) All of the above

(e) None of these