• Banking Awareness Quiz – 109

    1081 Reserve Bank of India (RBI) issued new guidelines in May 2014 to allow the minors of age above ___________ to independently open and operate savings bank accounts and use other facilities like ATM and cheque books.
      A) 10 years
      B) 12 years
      C) 15 years
      D) 18 years
    1082 President Pranab Mukherjee launched India’s own payment gateway ___________ in May 2014 which is equivalent of Visa and Mastercard and it will work on ATMs and merchant outlets like other Visa and Mastercard.
      A) Paisa
      B) Rupee
      C) RuPay
      D) RuPaya
    1083 The Central Government has accepted the report of which Panel in May 2014 that reviewed the depository receipts scheme framed in the year 1993.The key recommendations of the committee include allowing issuance of depository receipts against any underlying securities such as equity or debt, by any issuer – listed or unlisted.
      A) Sahoo Panel
      B) Verma Panel
      C) Rangarajan Panel
      D) None of These
    1084 Which global banking giant ________ has pleaded guilty to the charges that it helped its American clients evade taxes and agreed to pay a penalty of USD 2.6 billion to avoid prosecution in May 2014.
      A) Barclays
      B) Deutsche Bank
      C) UBS
      D) Credit Suisse
    1085 The Reserve Bank of India directed banks to make all new ATMs installed from __________ as “talking ATMs” with Braille keypads (announced in May 2014). Also banks should lay down a roadmap for converting all existing ATMs as talking ATMs with Braille keypads.
      A) August 1, 2014
      B) October 1, 2014
      C) July 1, 2014
      D) September 1, 2014
    1086 India’s first all women bank, Bharatiya Mahila Bank, has been included in the _________ schedule to the RBI Act. RBI issued a notification issued in Mumbai in May 2014 indicating the same.
      A) Second
      B) First
      C) Third
      D) Fourth
    1087 The panel, headed P. J. Nayak recommended that the government should cut its holding in public sector banks to under _________ to improve efficiency.
      A) 51%
      B) 25%
      C) 50%
      D) 49%
    1088 The Reserve Bank of India has relaxed the eligibility limit for foreign exchange remittances to ___________ from USD 75,000 in June 2014. RBI reduced the limit last year only from USD 200,000 due to steep depreciation of Indian Rupee
      A) USD 150,000
      B) USD 100,000
      C) USD 125,000
      D) USD 175,000
    1089 Which Indian PSU bank has announced in June 2014 that it would combine its five associate banks with itself in order to expand business?
      A) Punjab National Bank
      B) Central Bank of India
      C) Bank of Baroda
      D) State Bank of India
    1090 Mayaram panel, which was formed to remove ambiguity between FDI (Foreign Direct Investment) and FII (Foreign Institutional Investment) and simplify norms and headed by Finance Secretary Arvind Mayaram, has submitted its report in June 2014. It has suggested that foreign investment of ____________ in a listed company should be treated as FDI and investment from NRIs on a non-repatriable basis should be considered as domestic investment.
      A) Over 10%
      B) Over 15%
      C) Over 20%
      D) Over 5%


    Check below for Answers:














    1081 Ans) 10 years
    1082 Ans) RuPay
    1083 Ans) Sahoo Panel
    1084 Ans) Credit Suisse
    1085 Ans) July 1, 2014
    1086 Ans) Second
    1087 Ans) 50%
    1088 Ans) USD 125,000
    1089 Ans) State Bank of India
    1090 Ans) Over 10%


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