Quiz 474 : Finance , Business & Economy For All Examinations

1.Vegetable Oil has been India's largest non-oil import commodity. In this context please consider the following reasons.
1. The Food grain are grown more in India because of the remunerative support prices
2. The Oil seed cultivation in India is mostly dependent upon the Rain fed Areas
3. The import of Vegetable oil has been cost effective
Which among the above statements hold correct ?
(A)1 & 2
(B)2 & 3
(C)1 & 3
(D)All are correct statements

2.Which among the following is India's Oldest Joint Stock Bank. ?
(A)State Bank of India
(B)Bank of Baroda
(C)Bank of India
(D)Allahabad Bank

3.The most active segment of the Money Market in India is which one of the following?
(A)Call Money / Notice Money Market
(B)Repo / Reverse Repo
(C)Commercial Paper (CP)
(D)Certificate of Deposit (CD)

4.Which among the following is NOT a pillar of Basel II CRAR?
(A)Minimum Capital Requirement
(B)Supervisory Review of Capital Adequacy
(C)Risk Management
(D)Market Discipline

5.On which of the following rates , Reserve Bank of India purchases the Other Commercial Papers and Rediscount Bills of exchange from the Banks?
(A)Repo Rate
(B)Reverse Repo Rate
(C)Bank Rate
(D)Base Rate

6.Consider the following statements:
1. MIBOR (Mumbai Interbank Offer Rate) was launched as overnight money market rate by Bombay Stock Exchange
2. MIBOR is used as bench mark rate for Interest Rate Swaps, Forward Rate Agreements, Floating Rate Debentures and Term Deposits
Which among the above statements hold correct?
(A)Only 1
(B)Only 2
(C)Neither of the two
(D)Both of them

7.Consider the following statements:
1. There is almost no speculation in the G-sec market
2. The Investors in the G-Sec Market are predominantly the institutions
Which among the above statements is / are correct?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both 1 & 2 are correct
(D)Nether 1 nor 2 is correct

8.In which year, Nationalization of SBI Subsidiaries took place?
(A)1955
(B)1959
(C)1966
(D)1969

9.As per Section 24 (2A) of Banking Regulation Act 1949, every banking company in India has to maintain equivalent to an amount which shall not at the close of the business on __________ be less than 25% of the total of its net demand and time liabilities, which is known as SLR. Which
among the following is the correct option?
(A)Any Day
(B)Any Week
(C)Any Fortnight
(D)Any Month

10.Which among the following is NOT Tier I Capital?
(A)Paid up Capital
(B)Statutory Reserves
(C)Revaluation Reserves
(D)Investment Fluctuation Reserves

11.Consider the following statements:
1. As per the Basel II accords, Banks have to maintain a minimum 8% CRAR
2. Out of 8% Banks have to keep a Tier I Capital of 5%
3. In India, the Banks are required to keep the CAR of 9% at least.
Which among the above statements is / are correct?
(A)Only 1
(B)Only 1 & 2
(C)Only 1 & 3
(D)All are correct statements

12.For which of the following, the Reserve Bank of India has stipulated a maximum Capital Adequacy Requirements in India?
(A)Private Sector Banks
(B)Banks that Undertake Insurance Business.
(C)Local Area Banks
(D)Scheduled Commercial Banks

13.Which among the following is NOT an instrument of qualitative control in India ?
(A)Regulation of the Consumer Credit
(B)Rationing of the Credit
(C)Margin Requirements
(D)Variable Costs and Reserves

14.Consider the following statements:
1. Indira Gandhi Matritva Sahyog Yojana (IGMSY) has been launched to improve the health and nutrition status of pregnant, lactating women and infants.
2. The scheme envisages Cash Incentives for the above beneficiaries
3. All Government Women Employees are beneficiaries of the IGMSY
Which among the above statements is / are correct?
(A)Only 1 & 2 are correct
(B)Only 2 & 3 are correct
(C)Only 1 is correct
(D)All are correct

15.Which among the following scheme is related exclusively to Financial Inclusion?
(A)Swawlamban
(B)Swabhiman
(C)NSAP
(D)None of them

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