Quiz 163: Questions for Banking Examinations

1. Exim Bank was established in the year:
[A] 1980
[B] 1982
[C] 1991
[D] 1992

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2. Which of the following is correct about a rupee coin in India?
[A] Its face value is higher than its metallic value
[B] Its metallic value is higher than its face value
[C] the metallic value and face value are equal
[D] none of the above

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3. Which among the following is correct about legal tender of coins in India?
[A] Rupee & Half Rupee coins have unlimited legal tender while smaller coins have limited legal tender
[B] Rupee & Half Rupee coins have limited legal tender while smaller coins have unlimited legal tender
[C] all coins have unlimited legal tender
[D] none of the above

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4. Which among the following price indices is available on a weekly basis?
[A] Consumer price Index for Rural Laborers
[B] Consumer Price Index for Industrial Workers
[C] Wholesale Price Index
[D] None of the above

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5. Which of the following is the most active instrument of organized money market in India?
[A] Call Money Market
[B] Treasury Bills
[C] CPs & CDs (commercial papers & Certificates of deposits)
[D] None of the above

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6. Which among the following is INCORRECT regarding the Prime Lending Rate (PLR) in India ?
[A] It is the lowest rate of Interest that a bank charges from its best customers.
[B] RBI is the sole authority to announce PLR for public sector banks in India
[C] Normally loans are higher than the PLR
[D] None of the above

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7. The proportion of a bank’s total assets that is held in the form of shareholders equity and certain other defined classes of capital is called as _______?
[A] Statutory Liquidity Ratio
[B] Capital Adequacy Ratio
[C] Capital Gearing Ratio
[D] None of the above

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8. Corporate Tax is a kind of _______?
[A] Direct tax
[B] Indirect tax
[C] Sales tax
[D] VAT

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9. A statement of estimated receipts and expenditures of the Government of India has to be placed before parliament (known as Budget ) for every financial year (April 1 to march 31) . Which article says this?
[A] Article 110
[B] Article 111
[C] Article 112
[D] Article 113

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10. In which Financial Year, Service Tax was introduced to address the asymmetric and distortion treatment of goods & services in the tax framework?
[A] 1991-92
[B] 1993-94
[C] 1994-95
[D] 1997-98

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Comments

  • tushar
    Reply

    7 correct on 10 attempts :)))))
    [actually didnt quite expect hehe!]

  • Anonymous
    Reply

    what to say Sir,just don't hav words to thanks…..

  • Anonymous
    Reply

    Res. Sir,

    Pls check the answer to Que no. 8 , all the options seem to be incorrect,

  • Anonymous
    Reply

    A and C option of Q. no. 8 are correct.

  • Amardeep
    Reply

    Awesome compilation :)
    Great effort..

  • Anonymous
    Reply

    thanks for previous blogs as all are very useful for us.
    i would be very thankful to you if you will send us some information for HR specialist officer related to HR topics exam