• Banking Quiz – 2

    11  Which of the following organizations looks after the credit needs of agriculture and rural development in India?
    A) FCI
    B) IDBI
    D) ICAR
    12 Head of the six-member Committee to set out the framework for fuller capital account, convertibility (CAC) appointed by RBI?
    A) Mr. Kishore Chandra Deo
    B) Ms. Syeda Hameed
    C) Mr. Ratan Jata
    D) Mr. S. S. Tarapore
    13 Imperial bank of India was later renamed as
    C)AXIS bBank
    14  SDR, the currency of the IMF, is in the form of
    A) Paper Currency
    B) Gold
    C) Silver and Gold both
    D) Book keeping entry only
    15  Who declares the Credit Policy of India?
    A) The Finance Ministry
    B) Reserve Bank of India
    C) The Commerce Ministry
    D) The Indian Bank’s Association (IBA
    16 What is full form of NBFC as used in financial sector?
    A) New Banking Finance Company.
    B) Non-Banking financial companies
    C) New Business Financ and  Credit.
    D) None of these.
    17 Narshimhan Committee is related to
    A) Financial Product Marketing
    B) Sugar Marketing
    C) Capital Marketing
    D) Banking
    18 An agreement whereby an issuing Bank at the request of the Importer undertakes to take payment to the exporter against stipulated documents for overseas trading?
    A) Bill of exchange
    B) Letter of Exchange
    C) Letter of Credit
    D) Bill of entry
    19 Which among the following correctly defines the Net Interest Income (NII) for banks?
    A) Interest earned on advances
    B) Interest earned on investments
    C) Total interest earned on advances on advances and investment
    D) Difference between interest earned and interest paid
    20 When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products?
    A) Increasing trend
    B) Decreasing trend
    C) Constant trend
    D) There is no relevance of the inflation in pricing of the Banking Products


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