Quiz 224 : India’s Finance & Money Market Awareness - General Knowledge Today

Quiz 224 : India's Finance & Money Market Awareness

1.In 2006, Reserve bank of IndiaThe Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934 with ..... had set up a panel under Shri S C Gupta to recommend the legislations related to regulation of which of the following?
(A)Capital markets
(B)Money lending
(C)Financial InclusionThe Inclusive Meaning of Financial Inclusion Financial Inclusion or Inclusive Finance refers to the delivery of financial services (Not only Banking) at an affordable cost to .....

2.Which among the following was set up by RBI in 1988 jointly with public sector banks and all India Financial Institutions to develop the money marketThe market encompassing the trading and issuance of short-term non-equity debt instruments, including treasury bills, commercial paper, bankers’ acceptance, certificates of deposits etc. The market ..... & provide liquidity to money market instruments as sequel to Vaghul Working Group recommendations?
(A)DiscountWhen a security is quoted at a price below its nominal or face value, it is said to be at a discount. And Finance House of India Ltd (DFHI)
(B)Central DepositoryA system of organisation, which keeps records of securities, deposited by its depositors. The records may be physical or simply electronic records. Services (India) Limited (CDSL)
(C)Financial Intelligence Unit India (FIU-IND)

3.Which among the following correctly defines Hundi?
(A)They are slips on paper presented to the customer while purchasing goods
(B)They are accounts of unorganized sector in India
(C)They are key instruments of credit in the unorganized money market in India

4.Recently we came to know that Treasury BillsA short term bearer discount security issued by governments as a means of financing their cash requirements. Treasury Bills play an important role in the ..... which are short term (up to one year) borrowing instruments of the Government of India are also being issued frequently under the Market Stabilization Scheme (MSS). They are available for minimum amount of ___?
(A)Rs, 25, 000
(B)Rs. 40, 000
(C)Rs. 50, 000

5.Which among the following helps RBI to manage liquidity conditions in the economyeconomy with banks having an avenue to surplus funds or avail funds?
(B)Reverse repos
(C)Money market Mutual FundsSchemes investing exclusively in safer short-term instruments such as treasury bills, certificates of deposit, commercial paper and inter-bank call money, government securities, etc.

6.Which among the following sentence is true?
(A)RBI introduced Repos & Reverse Repos in 1992
(B)RBI Introduced Repos in 1992 & Reverse Repos in 1996
(C)RBI introduced Repos & Reverse Repos in 1996

7.As we know that RBI has two departments Issue Department and Banking Department. Which among them is responsible for maintaining a Minimum reserve system  Originally, the assets of the Issue department were to consist of not less than 2/5th of the Gold or sterling securities, provided Gold was NOT ..... against printing of currency notes?
(A)Issue Department
(B)Banking Department
(C)Both of Them

8.What is the main function of banking department of Reserve Bank of India In 1926, the Royal Commission on Indian Currency and Finance which is also known as the Hilton-Young Commission recommended the creation of a central bank. .....?
(A)To do banking business with customers
(B)To provide liquidity to the economy and absorb liquidity
(C)To issue the currency in circulation and its withdrawal from circulation

9.Which among the following is correct regarding BPLR or bench mark Security used as the basis for interest rate calculations and for pricing other securities. ..... prime lending rate?
(A)It is lowest interest rate below PLR charged by a bank from the best customer of the financial year
(B)It is highest interest rate above PLR charged by a bank from the any customer of the financial year
(C)none of them

10.Which among the following is correct regarding " progressive Tax" ?
(A)surcharge levied on taxes for development works
(B)rate of tax increased for increased value or volume
(C)getting burden of tax passed on to general customers

11.Which among the following coined the term " Second generation Reforms" ?
(A)World Bank
(B)International Monetary Fund
(C)Reserve bank of India

12.Many a times we read the word " Glocalization" which means a combination of localization and globalization. Which among the following is a best example of glocalisation in India?
(A)Big TV
(B)Mc Donald
(C)Kentucky Fried Chicken

13.Many a times we read in the newspapers about " Cartel". Which among the following is most appropriate definition of Cartel?
(A)Association of producers to regulate prices by restricting output and competition
(B)Association of companies to have competitive advantage
(C)Association of small number of buyers to have advantage over sellers

14."Salboni " in west Bengal is best known for which of the following?
(A)Indian Security Press
(B)Coin Mint
(C)Modernized Currency Notes Press

15.Which among the following is world's largest foreign exchangeRegulated market place where capital market products are bought and sold through intermediaries. market ?
(A)New York

16.What is the equityThe ownership interest in a company of holders of its common and preferred stock. of Reserve bank of India in National Housing Bank ?

17.In 2003, UTI was divided into two parts, UTI Mutual FundMutual funds are touted to be the best tool for wealth creation over the long term. Definition: A mutual fund is a fund that is created ..... (UTI MF) and a specified undertaking of UTI or UTI-I. Which among them has been kept under the control of the government ?
(C)both of them

18.Which among the following committee suggested to establish " Insurance Regulatory Authority in India" ?
(A)Dandekar Committee
(B)Malohtra Committee
(C)Rangrajan Committee

19.Which among the following committees recommended the mergerThe non-hostile and voluntary union of two companies. of Regional Rural BanksNarasimham Committee and Genesis of RRBs We all know that the first stage of nationalization that took place in 1969 boosted the confidence of the public ..... with their respective Sponsor Banks?
(A)Narsimhamam Committee
(B)Khusro Committee
(C)C Rang rajan Committee

20.What is the number of State Finance Corporations in India ?

Last Updated: January 31, 2012



  1. Anonymous says:

    This is very useful for us,please add Daily world headlines

  2. Sneh says:

    Thank you so much...

  3. Nitin Banka says: