Important Banking Awareness Quiz – 107

1. To use SWIFT based system, each country required to install CBT. CBT means ?

(a) Computer Based Training

(b) Computer Based Transaction

(c) Computer Biased Terminal

(d) Computer Based Trail

(e) Computer Based Terminal

2. SWIFT means ?

(a) Society for World Wide Interbank Financial Telecommunication

(b) Social Formality World Wide Internet Functional Telecom­munication

(c) Society for World Wide International Financial Telecommunication

(d) Society for World Wide Interbank Functionality Telecommunication

(e) Society for World Wide Interbank Financial Technologies

3. Aim of Board of Financial Supervision (BFS) of RBI to undertake the consolidated supervision of the financial sector comprising the financial organizations, commercial banks and _______

(a) NBFC

(b) Chit funds

(c) Share Market

(d) NGO

(e) None

4. Raghuram Rajan was the former Chief Economist of ?

(a) RBI

(b) UNO

(c) IMF

(d) ADB

(e) SBI

5. Board of Financial Supervision (BFS) of RBI started in ?

(a) 2001

(b) 1994

(c) 1998

(d) 2008

(e) 2000

6. CRISIL has been promoted by ____ and _____?

(a) ICICI, UTI

(b) IDBI, SBI

(c) AXIS, UTI

(d) PNB, SBI

(e) None of these

7. _____ is regarded as the fourth element of the financial system?

(a) Financial services

(b) Financial markets

(c) Financial instruments

(d) Financial institutions

(e) None of these

8. Identify the benefits of credit-rating to investors?

(a) Safeguard against bankruptcy

(b) Saving of resources

(c) Credibility of issues

(d) All of the above

(e) None of these

9. Foreign exchange Reserves of India are kept in the custody of ______?

(a) World Bank

(b) International Monetary Fund

(c) Prime Minister

d) Reserve Bank of India

(e) None of the above

10. What is meant by Repo Rate?

(a) At what rate of interest banks offer the funds to Reserve Bank of Indi(a)

(b) At what rate of interest World Bank offer the funds to Central Government for not less than the period of 364 days.

(c) At what rate of interest banks borrow the funds from Reserve Bank of India for short term.

(d) At what rate of interest banks borrow the funds from the other banks for long term.

(e) At what rate of interest central government barrow the funds from the other banks for long term.